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Taiwan Tati Cultural and Educational Foundation

Taiwan built sub to be tested from September

A prototype of Taiwan’s first locally built submarine is set to begin testing in September, marking a milestone in the nation’s Indigenous Defense Submarine program, CSBC Corp, Taiwan (台船) chairman Cheng Wen-lon (鄭文隆) said yesterday.

The construction of the prototype has continued around the clock after overcoming a series of difficulties thanks to the cooperation of the Naval Shipbuilding Development Center, the navy’s 256th Submarine Squadron and a CSBC task force, Cheng said.

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Japan taking China threat seriously

In the past few years, the Chinese military threat to Japan has become increasingly serious. Under such circumstances, Japan has acted accordingly, outlining strategic plans for the next five years to expand military budgets, boost defense capabilities and enhance its ability to deter enemies.

On Dec. 16, Japanese Prime Minister Fumio Kishida’s Cabinet approved three key security documents: the National Security Strategy, the National Defense Strategy and the Defense Force Buildup Plan.

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Why I support Taiwan’s independence

Loyal readers of this column, which I have had the privilege of contributing to for the past five years, will be aware that I harbor some contrarian views and, on occasion, delight in sharing them.

This is one such moment. The truth is that I support Taiwan’s independence. Prudence would demand, of course, that I camouflage such “politically sensitive” thoughts. But one can deny the existence of an idea for only so long before it becomes unbearable, especially when it is backed by empirical evidence of the type that sticks to grey matter like superglue.

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Tsai prioritized security over politics

Government decisionmaking is never easy, and the hardest part is choosing between what the public demands and what is in the best interests of the nation. The decision to reinstate one-year conscription was one such choice.

Former presidents Chen Shui-bian (陳水扁) and Ma Ying-jeou (馬英九) since 2000 worked toward shortening the mandatory service period while transitioning to an all-volunteer military. President Tsai Ing-wen (蔡英文) has decided to restore the mandatory service period to one year and modify the structure of the nation’s military.

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Page 143 of 1524

Newsflash

The odds of President Ma Ying-jeou (馬英九) being re-elected in 2012 yesterday fell below 50 percent for the first time since May, according to a university prediction market.

Prediction markets are speculative exchanges, with the value of an asset meant to reflect the likelihood of a future event.

On a scale from NT$0 to NT$100, the probability of Ma winning a re-election bid was, according to bidders, NT$48.40, the Center for Prediction Market at National Chengchi University said.

The center has market predictions on topics including politics, the economy, international affairs, sports and entertainment. Members can tender virtual bids on the events, with the bidding price meant to reflect probability.

The re-election market had attracted 860,000 trading entries as of yesterday. It was launched in April.

The center said the figure slipped 2.3 percentage points yesterday from a day earlier, when Ma conceded that his party did not fare as well as hoped in the “three-in-one” elections.

The Chinese Nationalist Party (KMT) won 12 of Saturday’s 17 mayor and commissioner elections, but its total percentage of votes fell 2 percentage points from 2005 to 47.88 percent of votes nationwide.

The Democratic Progressive Party (DPP) won just four of the races, but received 45.32 percent of the ballots, or a 7.2 percentage-point increase from 2005.

Since the center opened the trading on Ma’s re-election chances on April 11, prices have largely hovered around NT$60, but jumped to NT$70 in mid-June. The figure then fell to NT$51.80 in August after Typhoon Morakot lashed Taiwan, killing hundreds.

After then-premier Liu Chao-shiuan (劉兆玄) resigned in September, the price returned to NT$63.2 and remained at around NT$60 for the following two months, the center said.

Since Ma took over as KMT chairman, the center said the number had steadily declined from NT$58 on Nov. 18 to NT$50.80 on Dec. 5. After Saturday’s elections, the figure fell below NT$50.

The center said the outcome yesterday would likely affect next year’s elections for the five special municipalities, as well as the next presidential election.

It also said the probability of Taipei Mayor Hau Lung-bin (郝龍斌) winning re-election was 72 percent, while the chances of Taipei County Commissioner Chou Hsi-wei (周錫瑋) winning again were 20 percent.

Source: Taipei Times 2009/12/07