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1986 Philippine Presidential Election
The 1986 Philippine presidential and vice presidential elections were held on February 7, 1986. Popularly known as the 1986 snap election, it is among the landmark events that led up to the People Power Revolution, the downfall of the presidency of Ferdinand Marcos, and the accession of Corazon C. Aquino as president. Background Influence of the American media After being dared by an American journalist, President Ferdinand E. Marcos declared a snap election during an interview on the American Broadcasting Company political affairs programme, '' This Week with David Brinkley'' in November 1985. On December 3, the Batasang Pambansa (National Assembly) passed a law setting the date of the election on February 7, 1986. On February 4, 1986, Marcos declared February 6 and 7 as nationwide non-working special public holidays to "give all registered voters fullest opportunity to exercise their right of suffrage." The assassination of Senator Benigno "Ninoy" Aquino Jr. on August 2 ...
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Corazon Aquino
Maria Corazon "Cory" Sumulong Cojuangco-Aquino (; ; January 25, 1933 – August 1, 2009) was a Filipina politician who served as the 11th president of the Philippines from 1986 to 1992. She was the most prominent figure of the 1986 People Power Revolution, which ended the two-decade rule of President Ferdinand Marcos and led to the establishment of the current democratic Fifth Philippine Republic. Corazon Aquino was married to Senator Benigno Aquino Jr., who was one of the most prominent critics of President Marcos. After the assassination of her husband on August 21, 1983, she emerged as leader of the opposition against the president. In late 1985, Marcos called for a snap election, and Aquino ran for president with former Senator Salvador Laurel as her running mate for vice president. After the election held on February 7, 1986, the Batasang Pambansa proclaimed Marcos and his running mate Arturo Tolentino as the winners, which prompted allegations of electoral fra ...
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United States Government Publishing Office
The United States Government Publishing Office (USGPO or GPO; formerly the United States Government Printing Office) is an agency of the legislative branch of the United States Federal government. The office produces and distributes information products and services for all three branches of the Federal Government, including U.S. passports for the Department of State as well as the official publications of the Supreme Court, the Congress, the Executive Office of the President, executive departments, and independent agencies. An act of Congress changed the office's name to its current form in 2014. History The Government Printing Office was created by congressional joint resolution () on June 23, 1860. It began operations March 4, 1861, with 350 employees and reached a peak employment of 8,500 in 1972. The agency began transformation to computer technology in the 1980s; along with the gradual replacement of paper with electronic document distribution, this has led to a ...
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Imelda Marcos
Imelda Romualdez Marcos (; born Imelda Remedios Visitacion Trinidad Romualdez; July 2, 1929) is a Filipino politician who served as the First Lady of the Philippines from 1965 to 1986, wielding significant political power during the dictatorship of her husband, 10th president Ferdinand Marcos. She is the mother of current president Bongbong Marcos. During her husband's 21-year rule, Imelda Marcos ordered the construction of many grandiose architectural projects, using public funds and "in impossibly short order" – a propaganda practice, which eventually came to be known as her " edifice complex". She and her husband stole billions of pesos from the Filipino people,Manapat, Ricardo (1991) Some Are Smarter than Others: The History of Marcos' Crony Capitalism. Ateneo de Manila University Press. amassing a personal fortune estimated to have been worth to by the time they were deposed in 1986; by 2018, about $3.6 billion of this had been recovered by the Philippine governm ...
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Capital Flight
Capital flight, in economics, occurs when assets or money rapidly flow out of a country, due to an event of economic consequence or as the result of a political event such as regime change or economic globalization. Such events could be an increase in taxes on capital or capital holders or the government of the country defaulting on its debt that disturbs investors and causes them to lower their valuation of the assets in that country, or otherwise to lose confidence in its economic strength. This leads to a disappearance of wealth, and is usually accompanied by a sharp drop in the exchange rate of the affected country—depreciation in a variable exchange rate regime, or a forced devaluation in a fixed exchange rate regime. This fall is particularly damaging when the capital belongs to the people of the affected country because not only are the citizens now burdened by the loss in the economy and devaluation of their currency but their assets have lost much of their nominal va ...
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San Jose Mercury News
''The Mercury News'' (formerly ''San Jose Mercury News'', often locally known as ''The Merc'') is a morning daily newspaper published in San Jose, California, in the San Francisco Bay Area. It is published by the Bay Area News Group, a subsidiary of Digital First Media. , it was the fifth largest daily newspaper in the United States, with a daily circulation of 611,194. , the paper has a circulation of 324,500 daily and 415,200 on Sundays. As of 2021, this further declined. The Bay Area News Group no longer reports its circulation, but rather "readership". For 2021, they reported a "readership" of 312,700 adults daily. First published in 1851, the ''Mercury News'' is the last remaining English-language daily newspaper covering the Santa Clara Valley. It became the ''Mercury News'' in 1983 after a series of mergers. During much of the 20th century, it was owned by Knight Ridder. Because of its location in Silicon Valley, the ''Mercury News'' has covered many of the key events i ...
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Overseas Landholdings Of The Marcos Family
The overseas landholdings of the Marcos family, which the Philippine government and the United Nations System's Stolen Asset Recovery Initiative consider part of the $5 billion to $13 billion "ill-gotten wealth" of Ferdinand and Imelda Marcos, are said to be distributed worldwide in places including California, Washington, New York, Rome, Vienna, Australia, Antilles, the Netherlands, Hong Kong, Switzerland and Singapore. These are aside from the fifty-or-so Marcos mansions acquired by the Marcos family within the Philippines itself. The best known of these properties are the Marcoses' multi-million dollar real estate investments in the United States, particularly Imelda's purchases of buildings and real estate in New York, the estates purchased in New Jersey for the use of the Marcos children, Jose Yao Campos's investments in Seattle, various properties in Hawaii including the Makiki Heights estate where they lived during their exile, and their ownership of the California Overse ...
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The Asian Wall Street Journal
''The Wall Street Journal Asia'', a version of '' The Wall Street Journal'', was a newspaper that provided news and analysis of global business developments for an Asian audience. Formerly known as ''The Asian Wall Street Journal'', it was founded in 1976 and was printed in nine Asian cities: Bangkok, Hong Kong, Jakarta, Kuala Lumpur, Manila, Seoul, Singapore, Taipei, and Tokyo. Average circulation for 2011 was 83,421. Its largest markets in order of importance are: Hong Kong, Singapore, the Philippines, Japan, Thailand, South Korea, Indonesia, Taiwan, Malaysia, China, India, and Vietnam. The final print edition of the newspaper was published on 9 October 2017. The paper's main regional office was in Hong Kong, and its former editor, international, was Daniel Hertzberg. The first editor and publisher of the ''Asian Journal'' was Peter R. Kann, the former chairman and chief executive officer of Dow Jones & Company. Gina Chua served as editor-in-chief of the publicat ...
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Military Career Of Ferdinand Marcos
The Military career of former Philippine President Ferdinand Marcos during World War II has been the subject of debate and controversy, both in the Philippines and in international military circles. Marcos, who had received ROTC training in the University of the Philippines, was activated for service in the US Armed Forces in the Philippines after the attack on Pearl Harbor. He served as a 3rd lieutenant during the mobilization in the summer and fall of 1941, continuing until April 1942, after which he was taken prisoner. According to Marcos' account, he was released from prison by the Japanese on August 4, 1942, and US military records show that he rejoined USAFIP forces in December 1944. Marcos' military service then formally ended with his discharge as a major in the 14th Infantry, US Armed Forces in the Philippines Northern Luzon, in May 1945.Capt. E.R. Curtis, “Check Sheet, Subject:Ferdinand E. Marcos” sent to Lt. Col. W.M. Hanes, 24 March 1948, in AMM-GURF. As cited in C ...
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Unexplained Wealth Of The Marcos Family
The Marcos family, a political family in the Philippines, owns various assets that Philippine courts have determined to have been acquired through ilicit means during the presidency of Ferdinand Marcos from 1965–1986.Tiongson-Mayrina, Karen and GMA News Research.September 21, 2017. The Supreme Court’s rulings on the Marcoses’ ill-gotten wealth. https://www.gmanetwork.com/news/news/specialreports/626576/the-supreme-court-s-rulings-on-the-marcoses-ill-gotten-wealth/story/ These assets are referred to using several terms, including "ill-gotten wealth" and "unexplained wealth," while some authors such as Philippine Senator Jovito Salonga and Belinda Aquino more bluntly refer to it as the "Marcos Plunder." Legally, the Philippine Supreme Court defines this "ill-gotten wealth" as the assets the Marcoses acquired beyond the amount legally declared by Ferdinand and Imelda Marcos in the president's statements of assets and liabilities—only about US$13,500.00 worth from his salary ...
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Benigno Aquino Jr
Benigno "Ninoy" Simeon Aquino Jr., (; November 27, 1932 – August 21, 1983) was a Filipino politician who served as a senator of the Philippines (1967–1972) and governor of the province of Tarlac. Aquino was the husband of Corazon Aquino, who became the 11th president of the Philippines after his assassination, and father of Benigno Aquino III, who became the 15th president of the Philippines. Aquino, together with Gerardo Roxas and Jovito Salonga, helped form the leadership of the opposition towards then President Ferdinand Marcos. He was the aggressive leader who together with the intellectual leader Sen. Jose W. Diokno led the overall opposition. Early in his Senate career, Aquino vigorously attempted to investigate the Jabidah massacre in March 1968. Shortly after the imposition of martial law in 1972, Aquino was arrested along with other members of the opposition. He was incarcerated for seven years. He has been described as Marcos' "most famous political pri ...
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Assassination Of Ninoy Aquino
Benigno "Ninoy" Aquino Jr., a former Philippine senator, was assassinated on Sunday, August 21, 1983, on the tarmac of Manila International Airport (now named Ninoy Aquino International Airport in his honor). A longtime political opponent of President Ferdinand Marcos, Aquino had just landed in his home country after three years of self-imposed exile in the United States when he was shot in the head while being escorted from an aircraft to a vehicle that was waiting to transport him to prison. Also killed was Rolando Galman, who was falsely accused of Aquino's murder. Aquino was elected to the Philippine Senate in 1967 and was critical of Marcos. He was imprisoned on trumped up charges shortly after Marcos's 1972 declaration of martial law. In 1980, he had a heart attack in prison and was allowed to leave the country two months later by Marcos' wife, Imelda. He spent the next three years in exile near Boston before deciding to return to the Philippines. Aquino's assassination ...
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NBC Nightly News
''NBC Nightly News'' (titled as ''NBC Nightly News with Lester Holt'' for its weeknight broadcasts since June 22, 2015) is the flagship daily evening News broadcasting#Television, television news program for NBC News, the news division of the NBC television network in the United States. First aired on August 3, 1970, the program is currently the second most watched network newscast in the United States, behind American Broadcasting Company, ABC's ''ABC World News Tonight, World News Tonight''. ''NBC Nightly News'' is produced from Studio 1A at NBC Studios (New York City), NBC Studios at 30 Rockefeller Plaza, 30 Rockefeller Center in New York City. Select Los Angeles–based editions broadcast from The Brokaw News Center in Universal City, California, or when broadcasting from Washington, D.C., either from the NBC News bureau based at WRC-TV in the Tenleytown neighborhood, or NBC's secondary studio overlooking Capitol Hill. Since 2015, the broadcast has been anchored by Lester Hol ...
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