Misplaced Pages

#686313

57-659: Marcos Highway may refer to any of the following highways in the Philippines formerly named after former President Ferdinand Marcos prior to the People Power Revolution : Marikina–Infanta Highway , connecting Marikina to Infanta, Quezon Mel Lopez Boulevard (formerly known as Marcos Road and Pres. Ferdinand E. Marcos Highway), a component of Radial Road 10 in Manila Aspiras–Palispis Highway (formerly

114-548: A Japanese propagandist and collaborator during World War II. Drawn and quartered with the use of carabaos , his remains were left hanging on a tree. Josefa Marcos was a schoolteacher who would far outlive her husband – dying in 1988, two years after the Marcos family left her in Malacañang Palace when they fled into exile after the 1986 People Power Revolution , and only one year before her son Ferdinand's death. Ferdinand

171-552: A budget deficit 72% higher than the Philippine government's annual deficit from 1961 to 1965. This began a pattern of loan-funded spending which the Marcos administration would continue until the Marcoses were deposed in 1986, resulting in economic instability still being felt today, and of debts that experts say the Philippines will have to keep paying well into 2025. The grandest infrastructure projects of Marcos's first term, especially

228-516: A country's vulnerability to solvency and liquidity problems. Another useful indicator is the net external debt position, which equals gross external debt minus external assets in the form of debt instruments. A related concept is the net international investment position (net IIP). Provided that debt securities are measured at market value, the net external debt position equals the net IIP excluding equity and investment fund shares, financial derivatives, and employee stock options. According to

285-448: A direct hand in running the military. He also significantly increased the budget of the armed forces, tapping them in civil projects such as the construction of schools. Generals loyal to Marcos were allowed to stay in their positions past their retirement age, or were rewarded with civilian government posts, leading Senator Benigno Aquino Jr. to accuse Marcos in 1968 of trying to establish "a garrison state". Under intense pressure from

342-654: A member of the House Committees on Defense, Ways and Means; Industry; Banks Currency; War Veterans; Civil Service; and on Corporations and Economic Planning. He was also a member of the Special Committee on Import and Price Controls and the Special Committee on Reparations, and of the House Electoral Tribunal. After he served as member of the House of Representatives for three terms, Marcos won his senate seat in

399-634: A strength of some 1,600 troops in 1968 and between 1966 and 1970 over 10,000 Filipino soldiers served in South Vietnam, mainly being involved in civilian infrastructure projects. With an eye toward becoming the first president of the third republic to be reelected to a second term, Marcos began taking up massive foreign loans to fund the "rice, roads, and school buildings" he promised in his reelection campaign. With tax revenues unable to fund his administration's 70% increase in infrastructure spending from 1966 to 1970, Marcos began tapping foreign loans, creating

456-452: Is different from Wikidata All article disambiguation pages All disambiguation pages Ferdinand Marcos Presidency Family Unexplained wealth Legacy Related [REDACTED] Ferdinand Emmanuel Edralin Marcos Sr. (September 11, 1917 – September 28, 1989) was a Filipino lawyer, politician, dictator and kleptocrat who served as

513-433: Is generally conducted in the context of medium-term scenarios. These scenarios are numerical evaluations that take account of expectations of the behavior of economic variables and other factors to determine the conditions under which debt and other indicators would stabilize at reasonable levels, the major risks to the economy, and the need and scope for policy adjustment. In these analyses, macroeconomic uncertainties, such as

570-409: Is no unanimous opinion amongst economists as to a sole indicator. These indicators are primarily in the nature of ratios—i.e., comparison between two heads and the relation thereon and thus facilitate the policy makers in their external debt management exercise. These indicators can be thought of as measures of the country's "solvency" in that they consider the stock of debt at certain time in relation to

627-474: The International Monetary Fund's External Debt Statistics: Guide for Compilers and Users , "Gross external debt, at any given time, is the outstanding amount of those actual current, and not contingent, liabilities that require payment(s) of principal and/or interest by the debtor at some point(s) in the future and that are owed to nonresidents by residents of an economy." In this definition,

SECTION 10

#1732854622687

684-629: The Sydney Morning Herald , Marcos also had an affair with former Playboy model Evelin Hegyesi around 1970 and sired a child with her, Analisa Josefa. Marcos claimed that he was a descendant of Antonio Luna , a Filipino general during the Philippine–American War , a claim which has since been debunked by genealogist Mona Magno-Veluz. He also claimed that his ancestor was a 16th-century pirate, Limahong (Chinese: 林阿鳳), who used to raid

741-467: The 1981 presidential election and referendum , Marcos's popularity suffered greatly, due to the economic collapse that began in early 1983 and the public outrage over the assassination of opposition leader Senator Benigno "Ninoy" Aquino Jr. later that year. This discontent, the resulting resurgence of the opposition in the 1984 parliamentary election , and the discovery of documents exposing his financial accounts and false war records led Marcos to call

798-541: The Cultural Center of the Philippines complex, also marked the beginning of what critics would call Marcos couple's edifice complex , with grand public infrastructures projects prioritized for public funding because of their propaganda value. In March 1968 a Muslim man named Jibin Arula was fished out of the waters of Manila Bay, having been shot. He was brought to then-Cavite Governor Delfin N. Montano, to whom he recounted

855-625: The Philippine Senate from 1959 to 1965. He was elected president of the Philippines in 1965 and presided over an economy that grew during the beginning of his 20-year rule but would end in the loss of livelihood and extreme poverty for almost half the Philippine population, together with a crushing debt crisis. He pursued an aggressive program of infrastructure development funded by foreign debt , making him popular during his first term, although it triggered an inflationary crisis which led to social unrest in his second term. Marcos placed

912-557: The Philippine presidential election of 1965 against the incumbent president, Diosdado Macapagal . His inauguration marked the beginning of his two-decade long stay in power, even though the 1935 Philippine Constitution had set a limit of only two four-year terms of office. One of Marcos's earliest initiatives upon becoming president was to significantly expand the Philippine military. In an unprecedented move, Marcos chose to concurrently serve as his own defense secretary, allowing him to have

969-465: The net present value (NPV) of external public debt down to about 150 percent of a country's exports or 250 percent of a country's revenues" would help eliminating this "critical barrier to longer-term debt sustainability". High external debt is believed to be harmful for the economy. There are various indicators for determining a sustainable level of external debt. While each has its own advantage and peculiarity to deal with particular situations, there

1026-505: The snap election of 1986 . Allegations of mass electoral fraud , political turmoil, and human rights abuses led to the People Power Revolution of February 1986, which removed him from power. To avoid what could have been a military confrontation in Manila between pro- and anti-Marcos troops, Marcos was advised by US president Ronald Reagan through Senator Paul Laxalt to "cut and cut cleanly". Marcos then fled with his family to Hawaii. He

1083-733: The "Liberal Wing" that split from the Nacionalista Party , which eventually became the Liberal Party . He eventually became the Liberal Party's spokesman on economic matters, and was made chairman of the House Neophytes Bloc which included future president Diosdado Macapagal , future Vice President Emmanuel Pelaez and future Manila Mayor Arsenio Lacson . Marcos became chairman of the House Committee on Commerce and Industry and

1140-581: The 1962 Senatorial Campaign of being "most decorated war hero of the Philippines" He claimed to have been the recipient of 33 war medals and decorations, including the Distinguished Service Cross and the Medal of Honor , but researchers later found that stories about the wartime exploits of Marcos were mostly propaganda, being inaccurate or untrue. Only two of the supposed 33 awards – the Gold Cross and

1197-570: The Agoo–Baguio Road), connecting Agoo, La Union to Baguio [REDACTED] Topics referred to by the same term This disambiguation page lists articles about roads and streets with the same name. If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Marcos_Highway&oldid=1153878011 " Category : Road disambiguation pages Hidden categories: Short description

SECTION 20

#1732854622687

1254-656: The Distinguished Service Star – were given during the war, and both had been contested by Marcos's superiors. After the surrender of the Japanese and the end of World War II, the American government became preoccupied with setting up the Marshall Plan to revive the economies of the western hemisphere, and quickly backtracked from its interests in the Philippines, granting the islands independence on July 4, 1946. After

1311-701: The IMF defines the key elements as follows: Generally, external debt is classified into four heads: However, the exact treatment varies from country to country. For example, while Egypt maintains this four-head classification, in India it is classified in seven heads: Sustainable debt is the level of debt which allows a debtor country to meet its current and future debt service obligations in full, without recourse to further debt relief or rescheduling , avoiding accumulation of arrears , while allowing an acceptable level of economic growth. External-debt-sustainability analysis

1368-704: The Japanese POW camp; his actions between release from prison in August 1942 and return to the USAFIP in December 1944; his supposed rank upon discharge from USAFIP; and his claims to being the recipient of numerous military decorations, most of which were proven to be fraudulent. Documents uncovered by The Washington Post in 1986 suggested Marcos's release in August 1942 was effected because his father, former congressman and provincial governor Mariano Marcos , had "cooperated with

1425-456: The Japanese military authorities" as publicist. After his release, Marcos claimed he had spent much of the period between his August 1942 release and his December 1944 return to USAFIP as the leader of a guerrilla organization called Ang Mga Mahárlika ( Tagalog , "The Freemen") in Northern Luzon . According to Marcos's claim, this force had a strength of 9,000 men. His account of events

1482-630: The Philippine Senate's exposé of the Jabidah massacre in March 1968, where a Muslim man named Jibin Arula testified that he had been the lone survivor of a group of Moro army recruits which had been executed en-masse on Corregidor island on March 18, 1968. The allegations in the exposé became a major flashpoint which ignited the Moro insurgency in the Philippines . Marcos ran a populist campaign emphasizing that he

1539-409: The Philippines under martial law on September 23, 1972, shortly before the end of his second term. Martial law was ratified in 1973 through a fraudulent referendum . The constitution was revised, media outlets were silenced , and violence and oppression were used against the political opposition, Muslims, suspected communists, and ordinary citizens. After being elected for a third term in

1596-662: The Republic statute books. During his election campaign in the 1965 presidential election , Marcos's life became the basis of the biographical film Iginuhit ng Tadhana (The Ferdinand E. Marcos Story) , which starred Luis Gonzales as Marcos. Marcos's first term began with his inauguration on December 30, 1965, and ended when he was inaugurated for his second term on December 30, 1969. By pursuing an aggressive program of infrastructure development funded by foreign loans, he remained popular for most of his first term, with his popularity flagging only after his debt-driven spending during

1653-479: The Supreme Court. Malcolm had urged his colleagues to acquit the young Laurel because he knew him to be a bright student. Laurel thus reportedly saw in Marcos a mirror of himself and pleaded for his colleagues to acquit. The Supreme Court overturned the lower court's decision on October 22, 1940, acquitting the Marcos family of all charges except contempt. Marcos's military service during World War II has been

1710-522: The administration of Lyndon B. Johnson , Marcos reversed his pre-presidency position of not sending Philippine forces to Vietnam War, and consented to a limited involvement, asking Congress to approve sending a combat engineer unit. Despite opposition to the new plan, the Marcos government gained Congressional approval and Philippine troops were sent from the middle of 1966 as the Philippines Civic Action Group (PHILCAG). PHILCAG reached

1767-488: The book The Conjugal Dictatorship of Ferdinand Marcos and Imelda Marcos , the opposition Liberal Party would later confirm that many of his war medals were only acquired in 1962 to aid in his reelection campaign for the Senate, not for his presidential campaign. Marcos won the presidency in 1965. Ferdinand Marcos was inaugurated to his first term as the 10th president of the Philippines on December 30, 1965, after winning

Marcos Highway - Misplaced Pages Continue

1824-473: The campaign for his second term triggered an inflationary crisis in November and December 1969, before his second inauguration. Among the major projects of the first term was the construction of the Cultural Center of the Philippines complex , considered one of the earliest examples of what would come to be known as the Marcoses' edifice complex . Soon after being elected, Marcos developed close relations with

1881-631: The coasts of the South China Sea . He is a Chinese mestizo descendant, just like many other presidents. Marcos studied law at the University of the Philippines (UP) in Manila , attending the College of Law . He excelled in both curricular and extra-curricular activities, becoming a member of the university's swimming, boxing, and wrestling teams. He was also an accomplished orator , debater, and writer for

1938-499: The country's ability to generate resources to repay the outstanding balance. Examples of debt burden indicators include the This set of indicators also covers the structure of the outstanding debt, including: A second set of indicators focuses on the short-term liquidity requirements of the country with respect to its debt service obligations. These indicators are not only useful early-warning signs of debt service problems, but also highlight

1995-462: The elections in 1959 and became the Senate minority floor leader in 1960. He became the executive vice president of the Liberal Party in and served as the party president from 1961 to 1964. From 1963 to 1965, he was the Senate President . Thus far, he is the last Senate President to become President of the Philippines. He introduced a number of significant bills, many of which found their way into

2052-495: The excesses that characterized her and her husband's " conjugal dictatorship ", is the source of the term Imeldific . Two of their children, Imee and Bongbong , are active in Philippine politics, with Bongbong having been elected president in the 2022 presidential election . Ferdinand and Imelda Marcos held the Guinness World Record for the largest-ever theft from a government for decades, although Guinness took

2109-531: The four had conspired to assassinate Nalundasan, with Ferdinand Marcos eventually pulling the trigger. In late January 1939, they were finally denied bail. The evidence was strong against the young Marcos, who was a member of the University of the Philippines rifle team and a national rifle champion. Though Marcos's rifle was found in its gun rack in the U.P. ROTC armory, the rifle of team captain Teodoro M. Kalaw Jr.

2166-477: The impact of the inter-temporal trade-offs arising from past borrowing decisions. Examples of liquidity monitoring indicators include the The final indicators are more forward-looking, as they point out how the debt burden will evolve over time, given the current stock of data and average interest rate. The dynamic ratios show how the debt-burden ratios would change in the absence of repayments or new disbursements, indicating

2223-463: The majority decision, saw himself in the young Marcos in that he had almost killed a rival during a brawl during his youth, had been convicted by a trial court of frustrated murder, and was acquitted after appealing to the Supreme Court, and saw in Marcos an opportunity to pay forward his debt to society. Dean of the UP College of Law George A. Malcolm was Laurel's professor and an Associate Justice of

2280-627: The officers of the Philippine military, and began expanding the armed forces by allowing loyal generals to stay in their positions past their retirement age, or giving them civilian government posts. He also gained the support of the Johnson administration in the US by allowing the limited Philippine involvement in the Vietnam war through the Philippine Civic Action Group. Marcos's first term also saw

2337-463: The outlook for the current account, and policy uncertainties, such as for fiscal policy, tend to dominate the medium-term outlook. The World Bank and IMF hold that "a country can be said to achieve external debt sustainability if it can meet its current and future external debt service obligations in full, without recourse to debt rescheduling or the accumulation of arrears and without compromising growth". According to these two institutions, "bringing

Marcos Highway - Misplaced Pages Continue

2394-419: The record down from their website while it underwent periodic review a few weeks before the 2022 election. Ferdinand Emmanuel Edralin Marcos was born on September 11, 1917, in the town of Sarrat, Ilocos Norte , to Mariano Marcos (1897–1945) and Josefa Edralin (1893–1988). Mariano Marcos was a lawyer and congressman from Ilocos Norte , Philippines. He was executed by Filipino guerillas in 1945 for being

2451-503: The story of the Jabidah massacre, saying that numerous Moro army recruits had been executed en-masse by members of the Armed Forces of the Philippines (AFP) on March 18, 1968. This became the subject of a senate exposé by opposition Senator Benigno Aquino Jr. Foreign debt External debt measures an economy's obligations to make future payments and, therefore, is an indicator of

2508-514: The student newspaper. While attending the UP College of Law, he became a member of the Upsilon Sigma Phi , where he met his future colleagues in government and some of his staunchest critics. When he sat for the 1939 Bar Examinations , he was a bar topnotcher (top scorer) with a score of 92.35%. He graduated cum laude and was in the top ten of his class, with future Chief Justice Felix Makasiar becoming their class salutatorian . He

2565-500: The subject of debate and controversy, both in the Philippines and in international military circles. Marcos, who had received ROTC training, was activated for service in the US Armed Forces in the Philippines (USAFIP) 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's account, he

2622-512: The tenth president of the Philippines from 1965 to 1986. Marcos ruled the country under martial law from 1972 to 1981 , and with vastly expanded powers under the 1973 Constitution until he was deposed by a nonviolent revolution in 1986. Marcos described his rule 's philosophy as " constitutional authoritarianism " under his Kilusang Bagong Lipunan (New Society Movement). One of the most controversial figures in Filipino history, Marcos's regime

2679-518: The war, Marcos was one of only eleven lawyers confirmed by the new government as a special prosecutor with the office of the Solicitor General tasked to try by "process of law and justice" all those accused of collaboration with the Japanese. Eventually, Marcos ran for his father's old post as representative of the 2nd district of Ilocos Norte and won three consecutive terms, serving in the House of Representatives from 1949 to 1959. Marcos joined

2736-537: Was a bemedalled war hero emerging from World War II. In 1962, Marcos would claim to be the most decorated war hero of the Philippines by garnering almost every medal and decoration that the Filipino and American governments could give to a soldier. Included in his claim of 27 war medals and decorations are that of the Distinguished Service Cross and the Medal of Honor. According to Primitivo Mijares, author of

2793-514: Was announced in Manila dailies. Not much is known about what happened to Ortega and their children after, but Marcos married Imelda Trinidad Romualdez on April 17, 1954, only 11 days after they first met. They had three biological children: Ferdinand , Imee , and Irene Marcos . Marcos's fourth child with Ortega was born after his marriage to Imelda. Marcos and Imelda later adopted a daughter, Aimee . Marcos had an affair with American actress Dovie Beams from 1968 to 1970. According to reports by

2850-535: Was elected to the Pi Gamma Mu and the Phi Kappa Phi international honor societies , the latter giving him its Most Distinguished Member Award 37 years later. Ferdinand Marcos received an honorary Doctor of Laws (LL.D.) ( honoris causa ) degree in 1967 from Central Philippine University . Marcos first gained national notoriety over the murder of Julio Nalundasan . Nalundasan, Mariano Marcos's political rival,

2907-536: Was first baptized and raised into the Philippine Independent Church . He subsequently converted to Roman Catholicism in later life to marry Imelda Trinidad Romualdez . Marcos lived with a common-law wife , Carmen Ortega, an Ilocana mestiza who was 1949 Miss Press Photography. They had three children and resided for about two years at 204 Ortega Street in San Juan . In August 1953, their engagement

SECTION 50

#1732854622687

2964-514: Was infamous for its corruption, extravagance, and brutality. Marcos gained political success by claiming to have been the "most decorated war hero in the Philippines", but many of his claims have been found to be false, with United States Army documents describing his wartime claims as "fraudulent" and "absurd". After World War II, he became a lawyer, and then served in the Philippine House of Representatives from 1949 to 1959 and

3021-526: Was killed with a single rifle shot at his home in Batac on September 21, 1935, the day after he had defeated Marcos a second time for a seat in the National Assembly . In December 1938, Ferdinand Marcos was prosecuted for the murder of Nalundasan. He was not the only accused from the Marcos clan. Also accused were his father, Mariano, and his uncles, Pio Marcos and Quirino Lizardo. According to two witnesses,

3078-556: Was later cast into doubt after a United States military investigation exposed many of his claims as either false or inaccurate. Another controversy arose in 1947, when Marcos began signing communications with the rank of lieutenant colonel, instead of major. This prompted US officials to note that Marcos was only "recognized as a major in the roster of the 14th Infantry USAFIP, NL as of 12 December 1944 to his date of discharge". The biggest controversy arising from Marcos's service during World War II, however, would concern his claims during

3135-595: Was missing at the time and the National Bureau of Investigation had evidence that it was the one used in the murder of Nalundasan. Of all the accused, only Ferdinand Marcos had access to the U.P. armory. Later in the year, Ferdinand and Lizardo were convicted of murder. Ferdinand was sentenced to 10 to 17 years in prison. The Marcos family took their appeal to the Supreme Court of the Philippines . According to Primitivo Mijares , Justice Jose P. Laurel , who penned

3192-518: 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's 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. Controversies regarding Marcos's military service revolve around: the reason for his release from

3249-659: Was succeeded as president by Aquino's widow, Corazon "Cory" Aquino . According to source documents provided by the Presidential Commission on Good Government (PCGG), the Marcos family stole US$ 5 billion–$ 10 billion from the Central Bank of the Philippines . The PCGG also maintained that the Marcos family enjoyed a decadent lifestyle, taking away billions of dollars from the Philippines between 1965 and 1986. His wife, Imelda Marcos , made infamous in her own right by

#686313