Labor Day May Tip Signals Inflation Pressure and Growth
The midyear outlook foresees a pickup in industrial activity after summer with Labor Day signaling whether the economy strengthens or slows. Prices likely rise as wages jump in steel and aluminum, with moving costs and stricter rates squeezing producers. Jobs stay plentiful, driven by auto production and public works.
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Eisenhower
Taichung shop owner sentenced to twenty years in prison
Lin Ten-piao, owner of a Taichung food shop in central Formosa, was sentenced to 20 years after testifying he unknowingly added rat poison to jam he produced. Several customers died in the resulting incident.
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Taipei
Lin Ten-piao
Taichung
Formosa
Lin
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