The Philippines Now the Hard Part

A new President faces Communist rebels and a failing economy

The men wore loose-fitting barong tagalogs; many of the women, designer dresses. The formality was appropriate for a presidential inauguration--even one called at short notice. But the dignitaries and affluent friends assembled at the Club Filipino in the Manila suburb of Greenhills merely formed a splendid backdrop for the more modestly attired guest of honor. Clad in a simple yellow dress, Corazon ("Cory") Aquino, 53, could hardly have imagined this moment three months ago, when her improbable quest for the Philippine presidency began. Her voice was calm and steady as she recited the presidential oath, her hand resting on a leather-bound...

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