New President Says Rich Must Sacrifice
From Times Wire Reports
Former film actor Joseph Estrada took office as president with a blunt warning for the country’s elite not to continue enriching themselves at the expense of the poor. Hundreds of thousands of people crowded into a Manila park to hear Estrada’s inaugural address. “Why must economic progress always be at the people’s expense?” Estrada asked. The rich must make sacrifices to help the country recover from the deepening Asian financial crisis, he added.
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