‘SEA OF RED’: Bourses from London to Tokyo fell prey to growing public anxiety over the credit crunch despite central banks’ efforts to pump money into the system
Global stock markets spiraled ever deeper into the vortex yesterday as pressure mounted for world leaders to throw up a decisive wall to contain the worst financial inferno since the Great Depression.

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Singapore has become the first Asian economy to fall into recession, analysts said yesterday, after the government revised downward its full-year growth estimate and eased monetary policy for the first time in years.

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OPPORTUNITY: Ma Ying-jeou said he was confident he could pull the nation out of current difficulties and to a new peak given its sound fundamentals
By Ko Shu-Ling
Faced with a sliding approval rating and rising public concern over his China-friendly policy, President Ma Ying-jeou (馬英九) yesterday vowed to maintain a strong army to protect Taiwanese interests and dignity while seeking to improve relations with Beijing.

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Former Finnish president Martti Ahtisaari received the Nobel Peace Prize yesterday for his efforts to build a lasting peace from Africa and Asia to Europe and the Middle East.

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By Su Yung-Yao
The Democratic Progressive Party (DPP) and pro-localization groups are planning an overnight vigil on Ketagalan Boulevard on Nov. 1 and a large-scale demonstration the following day to protest against what they called the government’s incompetence and its China-leaning policies.

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