Monopolies in the Philippines (1965–1986) granted PD 1468, which declared the money as private and prevented any government audit. Cojuangco bought San Miguel Corporation (SMC) with the funds from the Coco levy. SMC is one of the oldest and largest beer, food, packaging and livestock conglomerate in the Philippines. President Marcos gave favors to SMC once Cojuangco became its head. Taxes were raised for liquor and cigarettes in January 1986, but excise taxes on beer went down. Beer is one of the main products of SMC, which helped the corporation save as much as $40 million that year. When Marcos was President, he often wrote
What Did You Expect? (Michael Cohen album) (musician)'s "Caravan Tonight" (1974) and Chris Robison's "Chris Robison and His Many Hand Band" (1973), is one of the first to deal with openly gay themes and issues within the song lyrics. The style of the album is very much within the folk-rock genre and it includes the song "Bitterfeast" which adapts a poem by Cohen's namesake and fellow singer-songwriter Leonard Cohen. Musicians who played on the album include the drummer Kevin Kelley. What Did You Expect? (Michael Cohen album) What Did You Expect? is an album by the American singer-songwriter Michael Cohen which was released on Folkways Records (FS