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From Imelda's Shoes to Hot Dogs: a Shift in the Philippines
CNBC.com | May 10, 2012 | 05:09 AM EDT

Former Philippine first lady, Imelda Marcos, was famous for her 2700 pairs of shoes. These days, such symbols of extravagance are rare in Manila. Frugality is now in vogue and the shift in thinking is originating from the top.

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