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Thousands protest Chen's detention

Former president Chen Shui-bian’s (陳水扁) mother yesterday said at a protest against his detention that she was saddened by the fact that for the past two years her son has been unable to call her on Mother’s Day.

Chen Lee Shen (陳李慎) came to Taipei from Tainan to join a sit-in rally on Jinan Road calling for Chen’s release that was organized by various pro-localization groups, including some Democratic Progressive Party officials from southern Taiwan.

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China could ‘crash’ this year, top investor warns

Investor Marc Faber said China’s economy will slow and possibly “crash” within a year as declines in stock and commodity prices signal the nation’s property bubble is set to burst.

The Shanghai Composite Index has failed to regain last year’s high while industrial commodities and shares of Australian resource exporters are acting “heavy,” Faber said. The opening of the World Expo in Shanghai last week is “not a particularly good omen,” he said, citing a property bust and depression that followed the 1873 World Exhibition in Vienna.

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Newsflash

A recent US Congressional hearing held by US Representative Ileana Ros-Lehtinen on “Why Taiwan Matters” suggests continued US support for Taiwan and that Washington would not abandon Taiwan, Formosa Foundation chief executive Terri Giles said yesterday.

Ros-Lehtinen, who is also chairman of the US House of Representatives’ Foreign Affairs Committee, is planning to organize and invite administration officials to a second congressional hearing on issues concerning Taiwan at the end of the year, Giles said, adding that she hoped the discussion would focus on democracy in Taiwan.

The June 16 hearing held by Ros-Lehtinen before the House Foreign Affairs Committee was the first hearing on Taiwan to be held in Congress in seven years.