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Tsai Ing-wen needn’t apologize: Lee

Former president Lee Teng-hui (李登輝) yesterday said Democratic Progressive Party (DPP) Chairperson Tsai Ing-wen (蔡英文) did not need to apologize for the controversy caused by her pension savings account that provides an 18 percent preferential interest rate.

Lee said reform of the system must be fair and just and the focus must be on the system, rather than on individuals collecting the dividends.

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China’s Hu upbeat, resists US pressure on currency

Chinese President Hu Jintao (胡錦濤) urged an end to a “zero sum” Cold War relationship with the US and proposed new cooperation, but resisted US arguments about why China should let its currency strengthen.

Indeed, in a sign that the future of the US currency continues to concern the most senior levels of the Chinese government, he said the US dollar-based international currency system is a “product of the past.”

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Newsflash

Residents of Xiaolin Village in Kaohsiung County’s Jiaxian Township disembark from a helicopter outside Cishan Junior High School yesterday after they were rescued from the village, which was wiped out by mudslides brought by Typhoon Morakot.
PHOTO: CNA

At least 23 people were confirmed dead, 32 injured and 56 confirmed missing in the wake of Typhoon Morakot, the Central Disaster Emergency Operation Center said yesterday.

Hundreds of others were reportedly missing in mountainous areas of southern Taiwan, while the military was trying to rescue those cut off by fallen bridges and raging rivers.

As of last night, the Presidential Office had not declared a state of emergency.