This episode's headline: Philippines: What To Do?; Philippines: Editors' Views; Which Way for the Fed?; Safety in the Skies; Beating Around Bush. The guests include In Austin, Texas: ARNOLD ROSENFELD, Austin-American Statesman; In San Francisco: TOM DEARMORE, San Francisco Examiner; In Indianapolis: MARY LAWRENCE, Indianapolis News; In New York: DAVID JONES, Wall Street Analyst; In Washington:DONALD ENGEN, FAA Administrator; Rep. DAN GLICKMAN, Democrat, Kansas; Reports from NewsHour Correspondents: LLOYD PATTERSON (KRON-San Francisco),; in northern California; KWAME HOLMAN, in Denver; MARK SHIELDS The Washington Post, in Washington. Byline: In New York: ROBERT MacNEIL, Executive Editor; In Washington: JIM LEHRER, Associate Editor; JUDY WOODRUFF, Correspondent