ECONOMIC ADVICE: The president said the new task force would only make recommendations and it would not infringe upon the executive power of the Cabinet
By Ko Shu-Ling

President Ma Ying-jeou (馬英九) yesterday assigned Vice President Vincent Siew (蕭萬長) to head an economic advisory task force charged with providing the Executive Yuan with recommendations on improving the economy.

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By Shih Hsiu-Chuan
The government decided to activate the state-owned National Stabilization Fund (國安基金) yesterday, an overnight change made ahead of the stock market opening, but it refused to reveal details of how the fund would act.

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By Jenny W. Hsu and Ko Shu-ling
President Ma Ying-jeou (馬英九) and the Ministry of Foreign Affairs (MOFA) expressed regret yesterday after the UN on Wednesday rejected a proposal to include Taiwan’s request to be allowed to participate in UN agencies on the General Assembly agenda.

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‘PROMOTING STABILITY’: The US president was due to make an address on the market turmoil yesterday, but aides said he would not announce any new policy moves

US President George W. Bush has canceled two domestic trips to stay in Washington yesterday and consult with top economic advisers on the struggling US economy, the White House said.

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ANOTHER NAME LOST: The all-share merger will rescue Britain’s biggest mortgage lender and stop it from following Northern Rock into nationalization

British bank Lloyds TSB on Thursday agreed to buy rival HBOS for £12.2 billion (US$21.8 billion) as the raging global financial storm claimed another victim.

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