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Taiwan Tati Cultural and Educational Foundation

The problem of surplus capital

On Wednesday, central bank Governor Perng Fai-nan (彭淮南) met ranking officials from three state-run banks and asked them to pay attention to the ability of borrowers to repay loans, not just admire the value of the collateral.

The central bank’s unusual move came just three weeks after it issued a press statement voicing concerns that an inflow of hot money would have adverse implications for the nation’s economic and financial stability.

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The KMT's Diane Lee Finally Admits, She Lied.

The political bias and imbalance of Taiwan's Courts and its System of Justice were once again made evident in Taiwan when Diane Lee returned to court this past week. Lee, a Chinese Nationalist Party (KMT) ex-legislator finally admitted that she, in violation of the law, has all along held dual-citizenship between the United States and the Republic of China on Taiwan. Yes after months of denying this fact, after accusing the United States of poor record keeping, after using every excuse and trying to blame any and all parties for doubting her, Lee finally admitted the truth. But what has this to do with the bias of the courts. Lee is still presumed innocent in the eyes of the court; she is as free as a bird.

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US beef and the curse of Yu Wen

Those familiar with Taiwan’s political scene will recall the name Yu Wen (余文), a Taipei City Government staffer during President Ma Ying-jeou’s (馬英九) stint as mayor from 1998 to 2006. Following Ma’s indictment in 2006 for misusing his special allowance, Yu became a fall guy in some observers’ eyes, serving nine months in jail for failing to keep Ma’s accounts in order.

The term “Yu Wen” has since become part of Taiwan’s political lingo. It refers to a government official or agency that serves as a scapegoat and takes the heat for higher-ups.

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Who is Worse, the Thief or the Fence?

The word fence has different meanings. As a noun, it can denote a barrier or divider. Robert Frost has the well known line, "Good fences make good neighbors," in his poem "Mending Wall." In a different realm, the verb "to fence" describes a sport of swordsmanship where opponents use blunted foils, epees or sabers to register hits on each other. But there is third totally different meaning. The noun fence also can describe a person who receives and sells stolen goods or who acts as a conduit for stolen goods; this is the meaning that Taiwanese need to become aware of because it concerns their President.

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US-China relations remain crucial

If one were to go by the apparent bonhomie in US-China relations since the administration of US President Barack Obama came to power, it would be fair to surmise that there has been a significant shift in US policy toward China in favor of cooperation and collaboration.

However, this is only part of the story.

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By all means, please interfere

The focus of this weekend’s ASEAN summit in Thailand was, as one would expect, the economy. With representatives from six extra countries attending talks — Australia, India, New Zealand, China, Japan and South Korea — all eyes were on the future of Asia’s growing economic strength.

But the summit also brought ASEAN’s human rights body to fruition after years in the making. Considering the poor records of many of ASEAN’s members, that should have been cause for applause. Rights groups both within ASEAN countries and abroad are, however, concerned that the body is little more than show.

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2015-12-26 Taiwanese Shrine Initation & Marytr-Spirit Enshrine Ceremony
2014-02-28 228 Tâi-uân-sîn(Taiwan gods) Thanksgiving Blessing Assembly and Trong R. Chai Tâi-uân-sîn Thanksgiving Praying Ceremony
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Newsflash

A report released by US rights watchdog Freedom House on Monday said that although many Taiwanese are in favor of improving economic and trade ties with China, critics believe the government has made concessions on sovereignty, that cross-strait policies have developed too quickly and that the process lacks transparency.

On Jan. 12, the Washington-based Freedom House released the political rights and civil liberties scores for its Freedom in the World 2010 survey. Taiwan’s political rights rating improved from 2 to 1, but its civil liberties rating dropped from 1 to 2.