Give Ferdinand Marcos credit for trying. The deposed President of the Philippines has attempted everything from flattery to pleas for sympathy to plotting a coup d'etat. But Marcos' successor, Corazon Aquino, has blocked all his maneuvers to return home. So Marcos, 70, is trying a new tactic. According to intermediaries, he has offered to turn over $5 billion, enough to pay nearly 20% of the country's foreign debt, if Aquino will change her mind. Although she reportedly rejected the proposed deal, Aquino at one point challenged Marcos: "Send the $5 billion, and then we will talk."
Since Marcos was ousted in...