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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

If President Ma Ying-jeou (馬英九), who yesterday took over as chairman of the Chinese Nationalist Party (KMT), cares only about his personal integrity but is unable to control his party, then he is unfit to lead the KMT, Democratic Progressive Party (DPP) Chairperson Tsai Ing-wen (蔡英文) said in a TV interview yesterday.

Tsai urged voters to be fully cognizant of the failings of the KMT when they cast their votes for the year-end election in December.