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Tsai Ing-wen needn’t apologize: Lee

Former president Lee Teng-hui (李登輝) yesterday said Democratic Progressive Party (DPP) Chairperson Tsai Ing-wen (蔡英文) did not need to apologize for the controversy caused by her pension savings account that provides an 18 percent preferential interest rate.

Lee said reform of the system must be fair and just and the focus must be on the system, rather than on individuals collecting the dividends.

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China’s Hu upbeat, resists US pressure on currency

Chinese President Hu Jintao (胡錦濤) urged an end to a “zero sum” Cold War relationship with the US and proposed new cooperation, but resisted US arguments about why China should let its currency strengthen.

Indeed, in a sign that the future of the US currency continues to concern the most senior levels of the Chinese government, he said the US dollar-based international currency system is a “product of the past.”

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Newsflash

Former president Chen Shui-bian (陳水扁) yesterday said he opposed forcing former Democratic Progressive Party (DPP) chairman Frank Hsieh (謝長廷) out of the year-end elections, while expressing support for an election bid by DPP Chairperson Tsai Ing-wen (蔡英文).

Chen’s secretary, Chiang Chih-ming (江志銘), said the former president complained that no one in the DPP came out to defend Hsieh when he was attacked by the pro-unification media and portrayed as a traitor during the Martial Law era.