Arroyo takes breather as opponents plan protest
President Gloria Macapagal Arroyo won a reprieve after powerful Philippine bishops stopped short of demanding she quit, but the opposition vowed no let-up on Monday in a campaign to drive her from office. Investors fretted markets would become increasingly volatile if the opposition takes its campaign to the streets while trying to impeach her — the way Arroyo’s predecessor, Joseph Estrada, was forced from power. Full Story