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Alliance names lawmaker as first candidate for recall

Monday, 26 August 2013 09:18 Taipei Times

Neil Peng, left, and film director Ko I-chen, the initiators of the Constitution 133 Alliance hold up a sign with the letters BMW during a press conference yesterday. The letters stand for bamian wu, which is Chinese for “recall Wu [Yusheng].”
Photo: CNA

Chinese Nationalist Party (KMT) Legislator Wu Yu-sheng (吳育昇) was yesterday named as the first candidate for a civic group’s recall campaign because of his consistent alignment with President and KMT Chairman Ma Ying-jeou (馬英九) rather than with the public he is meant to serve, according to the group.

The Constitution 133 Alliance, recently established with the goal of recalling legislators it sees as incompetent, told a press conference that it would soon launch a recall campaign against Wu, a former KMT caucus whip who is known to be one of Ma’s confidants.

US, PRC plan joint defense task force

Friday, 23 August 2013 08:00 Taipei Times

US and Chinese defense officials plan to set up a joint task force to deal with issues of mutual concern, but weapons sales to Taiwan will not be part of the agenda, an unnamed Pentagon official said on Wednesday.

The official’s statement came after Chinese media reported that the US has given a “positive response” to a proposal to discuss the arms sales with China.

Chinese media reports quoted Rear Admiral Guan Youfei (關友飛), who spoke to Chinese journalists on Tuesday in Washington, where Chinese Minister of Defense Chang Wanquan (常萬全) had met with US Secretary of Defense Chuck Hagel a day earlier.

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228 Tâi-uân-sîn

We're 228 Followers

2015-12-26 Taiwanese Shrine Initation & Marytr-Spirit Enshrine Ceremony

2014-02-28 228 Tâi-uân-sîn(Taiwan gods) Thanksgiving Blessing Assembly and Trong R. Chai Tâi-uân-sîn Thanksgiving Praying Ceremony

2013-08-18 Holy Mountain Holiness Birthday and Tâi-uân-sîn Lin Mao-sheng Statue's Placement Ceremony

2013-02-28 228 Tâi-uân-sîn Thanksgiving Prayer Assembly - Realized the Determination of Founding Taiwan State with Democratic Power

228 Memorial and Bian Casters Gathering on Feb. 28th, 2010

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.