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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


New Power Party legislators, from third left, Freddy Lim, Hung Tzu-yung and Hsu Yung-ming, hold a news conference yesterday in Taipei regarding the alleged search of a private residence by military police without a warrant.
Photo: Fang Pin-chao, Taipei Times

Legislators from across party lines yesterday blasted the Taipei Military Police for confiscating White Terror era-related documents seized in a search of a civilian’s residence.

The Legislative Yuan’s Foreign and National Defense Committee put aside its scheduled agenda to question officials over the affair, passed resolutions condemning the military police’s actions and demanded the preservation of all documents relating to the White Terror era.