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Huntsman’s US run could draw attention to Taiwan

The announcement earlier this week by US Ambassador to China Jon Huntsman that he was resigning from his post to seek the Republican Party’s nomination for the presidential election next year could have substantial implications for Washington’s Taiwan policy.

A billionaire and former governor of Utah, Huntsman was a Mormon missionary in Taiwan from 1987 to 1988 and is said to be fluent in Mandarin and Hoklo (also known as Taiwanese).

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Joblessness, rising prices could spark wars: IMF boss

The world economy is beset by problems such as high unemployment and rising prices, which could fuel trade protectionism and even lead to war within nations, the head of the IMF warned yesterday.

Rising food and fuel prices in recent months have already hit poorer countries and are one of the factors behind massive anti-government protests in Egypt and in Tunisia.

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Newsflash


Panel members at a forum listen yesterday to National Taiwan University economics professor Kenneth Lin.
Photo: Wang Min-wei, Taipei Times

Government efforts launched last month to stimulate the economy lack any clear results and GDP might still contract or grow at a rate of less than 1 percent, economists said yesterday.

National Taiwan University economics professor Kenneth Lin (林向愷) said he did not believe President Ma Ying-jeou (馬英九) could make good on his promise to make economic progress within the month — which would be up on Wednesday — despite a rise in exports last month and a lowering of the unemployment rate.