GLOOM: With the economy forecast to contract further in the first quarter of next year, the DGBAS slashed its 2009 growth forecast by more than half to 2.12 percent
By Crystal Hsu
The government raised the specter of a recession yesterday after reporting that the economy contracted in the third quarter and could shrink further in the coming quarters.

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By Flora Wang
The Cabinet yesterday approved the consumer voucher scheme proposed by the Council for Economic Planning and Development (CEPD), but made a few changes to make using the vouchers more convenient.

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By Loa Iok-sin And Mo Yan-chih
Seven protesters who were injured during a crackdown on demonstrations against a Chinese envoy's visit to Taiwan earlier this month filed lawsuits alleging police brutality yesterday.

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TOP POST: A report said former president Bill Clinton has offered to submit his business dealings to an ethics review if Hillary becomes the secretary of state
US president-elect Barack Obama picked former Senate leader Tom Daschle to end the US healthcare crisis and stocked his White House staff with loyal campaign aides, as new contenders emerged yesterday for key Cabinet posts.

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A congressional advisory panel said yesterday that China had stepped-up computer espionage attacks on the US government, defense contractors and businesses.

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