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Taiwan Tati Cultural and Educational Foundation

Groups discuss pardon for Chen

Pro-localization groups and the “One Side, One Country” political group plan to hold two meetings to explain why they have launched a signature drive asking that former president Chen Shui-bian (陳水扁) be pardoned, Taiwan Hakka Society chairman Chang Yeh-shen (張葉森) said yesterday.

The petition asks President Ma Ying-jeou (馬英九) to exercise his presidential prerogative to pardon Chen, who is in Taipei Prison serving a 17-and-a-half year jail sentence for embezzlement.

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Taiwan ‘agrees’ it’s part of China: ex-US diplomat

President Ma Ying-jeou (馬英九) has adopted a policy of “accommodating” Beijing, a former US official told a congressional hearing on Chinese military and economic aggression.

John Tkacik, a former US diplomat and expert on Chinese and Taiwanese affairs, testified that over the past few months, there had been “an entirely new change in the political posture of Taiwan.”

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Chen’s treatment ‘a tragedy’: US lawmaker

A member of the US Congress said on Wednesday that he considered the plight of former Taiwanese president Chen Shui-bian (陳水扁) to be a tragedy.

Addressing the US House Committee on Foreign Affairs, Representative Steve Chabot soundly condemned Chen’s treatment.

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Protesters, police clash as homes are razed


Supporters hold signs yesterday protesting the forced eviction of the Wang family from their home in Taipei’s Shilin District.
Photo: CNA

Following overnight protests that descended into violent clashes between demonstrators and police, the Taipei City Government yesterday evicted the owners of two buildings in Shilin District (士林), demolishing their homes to make way for an urban renewal project.

The project, under which a construction firm plans to turn an old residential complex for 38 households into a 15-story high-rise apartment complex, was stalled for three years because of opposition from a family surnamed Wang (王), who had lived in two two-story apartment buildings in the area for more than a decade.

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Newsflash

China’s local government debt may be 3.5 trillion yuan (US$540 billion) larger than auditors estimated, potentially putting banks on the hook for deeper losses that could threaten their credit ratings, Moody’s said yesterday.

Moody’s reviewed a report released by China’s state auditor last week, which found that local governments had chalked up 10.7 trillion yuan of debt. Moody’s said it identified more loans funded by banks after accounting for discrepancies in figures given by various Chinese authorities.

Investors worry the pile of loans, about half of which were racked up during a 2008 stimulus spending binge, could destabilize the Chinese economy in the long run. If banks have to absorb heavy losses, it could restrict lending.