Monday, Jul. 06, 1992

Good News for Shoe Shops

By Janice Castro

What a difference a year makes. IMELDA MARCOS will be among the guests at the inauguration of new Philippine President Fidel Ramos this week. Marcos, who wasn't welcome at home a year ago, won a very respectable 2 million votes in the recent presidential election (to Ramos' 5.3 million). Ramos, who is inheriting a more stable situation than Cory Aquino did six years ago, seems eager to heal old wounds. He is expected to offer amnesty to communist, Muslim and military rebels. And he is rumored to be planning to end the government's campaign to seize the Marcos billions. Last week the official charged with retrieving the "hidden wealth" recommended a compromise with Imelda to split the proceeds, if recovered, of a fortune in gold bullion said to be stashed in Switzerland.