Taiwan Tati Cultural and Educational Foundation

 
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Taiwan Tati Cultural and Educational Foundation

If incompetence meets stealth...

Not much has happened of late in the world of business news that could be considered amusing. Yesterday, however, the bizarre and the grimly comical combined in the story of Taiwanese travel agency ezTravel, whose president had just “discovered” that his company had been taken over by Chinese online travel agency Ctrip.com after the latter acquired a majority of shares through a coalition of investors after years of gradual acquisition.

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What's behind Taiwan media bias?

Since President Ma Ying-jeou took office in May last year, financial analysts have shown an alarming tendency to attribute rises on the Taiwanese stock market to “closer relations with China” or the signing of agreements between Taipei and Beijing, while drops on the local bourse have often been blamed on rallies organized by the Democratic Progressive Party (DPP). Those assessments — which are picked up by news wire agencies and newspapers — often ignore macroeconomic variables and regional trends that explain stock fluctuations far better than local political developments.

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Are Taiwanese fooled?

When my friends and I last visited our home country I was stunned to see that Taiwan is no longer the same free country since President Ma Ying-jeou was elected by the majority of the Taiwanese people. The local newspapers and TV stations appear to be out of touch and not reporting what has been happening in Taiwan. The economic crisis, the high suicide rate and a feeling of helplessness have deeply eroded the fledging democracy that the previous two presidents had built.

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Protecting freedom of expression through film

This year’s Melbourne International Film Festival (MIFF) includes showings of Australian director Jeff Daniels’ film 10 Conditions of Love, a documentary on the life of World Uyghur Congress president Rebiya Kadeer. Festival organizers have also invited Kadeer to speak at the festival and attend the film’s premiere on Saturday.

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Newsflash

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.