EU leaders agree to buy into banks
CASH COW:
Berlin was expected to guarantee inter-bank loans with 300 billion euros to 400 billion euros as well as provide banks with fresh capital in exchange for shares
European governments hurried yesterday to calculate how many hundreds of billions of euros they would spend on an unprecedented 15-nation bank bailout that already appeared to be soothing markets along with action by top central banks to pump unlimited US dollar credits into the financial system.
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No suspension of trading on local bourse: Cabinet
By Loa Iok-Sin and Shih Hsiu-Chuan
Despite the panic selling that has hit global stock markets over the past week, it is not the right time to suspend trading on the local bourse, Executive Yuan Secretary-General Hsueh Hsiang-chuan (薛香川) said yesterday.
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DPP members, officials clash at party office in Taipei
By Rich Chang
Democratic Progressive Party (DPP) officials clashed yesterday morning after members loyal to former president Chen Shui-bian (陳水扁) held a protest at the party’s office in Taipei.
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Princeton’s Krugman wins Nobel prize in economics
Paul Krugman, the Princeton University academic and New York Times columnist, won the Nobel economic prize yesterday for his analysis of how economies of scale can affect trade patterns and the location of economic activity.
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Russia shows muscle with missiles
COLD WAR NOSTALGIA:
Two of the missiles were fired from nuclear submarines, while a third was watched by Russian President Dmitry Medvedev in the northwest
Russia fired three long-range missiles on Sunday and pronounced its nuclear deterrent strong in an extraordinary show of force experts said had not been seen anywhere since the Cold War.
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Washington loses power to appoint World Bank chief
The US is to lose its power to appoint the president of the World Bank after British Development Secretary Douglas Alexander brokered a deal to throw open the post to candidates from any country.
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Community Compass: PROFILE: US kung fu expert on a mission
MORE THAN FIGHTING:
Warren Fox says kung fu is like swimming in that everyone should know how to do it, and believes the martial art is 70 percent of his personality
By Ko Shu-Ling
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Community Compass: Pigeon post
VIEW THIS PAGE English-speaking drivers to hit Taipei County’s streets
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Community Compass: Welfare group highlights plight of Vietnam spouses
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Community Compass: MY STORY: Becoming a permanent alien not as painful as it seems
HERE TO STAY:
Despite a daunting pile of forms to fill-in, a medical test and an interview, the process of obtaining an APRC need not be a major headache
By Perry Svensson
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