Sinking Feeling

Drastic measures had to be taken—and fast. On July 8, President Chen Shui-bian summoned 34 of Taiwan's brightest minds to the presidential palace, put them in a conference room, and told them not to come out until they had a plan for fixing the shuddering economy. The best and brightest dutifully took their places around the mahogany table and Premier Chang Chun-hsiung opened the floor to ideas. One came from banker-tycoon Jeffrey Koo, who said the meeting was a big waste of time because there were too many politicians present. Morris Chang, celebrity chairman of Taiwan Semiconductor Manufacturing Corp., said he...

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