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) 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 8582 Folkways Records, 1973). The album was re-released by Smithsonian Folkways Records as a compact disc (FW0852 Smithsonian Folkways Records). It is Cohen's second album, following his self released debut "Mike Cohen" (1972). The original LP carried a sticker on the front cover which stated, "Songs sensitively and honestly dealing with the experiences of being gay, written and sung by this brilliant young artist Solos and group. "This album, along with Steven Grossman