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China could ‘crash’ this year, top investor warns

Tuesday, 04 May 2010 07:37 Taipei Times

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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‘Formosa Betrayed’ set for Taiwan release in August

Sunday, 02 May 2010 09:52 Taipei Times

Formosa Betrayed, the first US-made movie devoted to a storyline set during the White Terror era, is scheduled for theatrical release in Taiwan by Sky Digi Entertainment Co this August, the film’s producer said.

“Since before the movie was completed, thousands of fans have wondered when it would be released in Taiwan. Now, we are excited to announce that the film is scheduled to be in Taiwanese theaters beginning the weekend of August 6, 2010,” Taiwanese-­American filmmaker William Tiao (刁毓能) said in an open letter issued on Friday.

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Page 218 of 250

Newsflash

Democratic Progressive Party Legislator Puma Shen (沈伯洋) yesterday said he would prioritize legislation to clarify the definition of being “at war,” and which government agencies are to be in charge when the nation comes under cyberattacks.

Taiwan needs to improve in such mechanisms, and both the Ministry of National Defense (MND) and the Ministry of Digital Affairs (MDA) have stated that they are unsure who would be in charge of cyberattacks and defense if the nation is at war, he said.

The endeavor would involve many ministries and departments, Shen said, suggesting that the Executive Yuan take the lead and coordinate between government agencies while he helps set the overall direction and draft special laws.