EZ News 01/16/23

Good afternoon, I'm _____ with today's episode of EZ News.


**Tai-Ex opening **
The Tai-Ex opened up 71-points this morning from Friday's close, at 14,895 on
turnover of 3.5-billion N-T.

The market moved higher on Friday, but faced stiff technical resistance ahead
of 15,000 point mark.

Friday's rise was led by a rally by Taiwan Semiconductor Manufacturing, which
finished at or above the 500 N-T per share mark for the for the first time
since August of last year.

Tomorrow is the is the Tai-Ex's final trading day before the Lunar New Year
holiday - and it will reopen on January 30 .



**VP William Lai Elected as DPP Chairman **
Vice President William Lai has been elected the D-P-P's new chairman - after
winning the party's uncontested (無競爭的) election.

Lai won with 41,840 votes, or 99.65-per cent of the total cast.

According to the D-P-P's Acting Secretary-General Sidney Lin, turnout for the
ballot was 17.59-per cent.

However, that was slightly higher than the D-P-P's party previous chair
election in 2019, which stood at 16.9-per cent, when Zhuo Rong-tai was
elected.

Speaking after being formally announced the winner, Lai said will officially
take up the post on Wednesday during a D-P-P central standing committee
meeting.

His tenure will run until May 20, 2024, when Taiwan's next president will be
inaugurated.



**43% of TRA Tickets for LNY Holiday Sold **
The Taiwan Railways Administration says some 43-per cent of tickets for the
upcoming Lunar New Year holiday have so far been sold.

The rail operator is laying on a total of 499 additional train services to
meet the expected increase in passenger volume over the holiday period.

Those additional (額外的) trains will run until January 30.

According to the railways administration, the additional train services mean
that some 450,000 more seats will available - increasing capacity by 12-per
cent from last year.

Tickets for January 19, 20, 28, and 29 are sold out.

But the rail network says tickets for other days of the Lunar New Year
holiday are still available.


**US Cali Preps for More Rain and Snow **
The US state of California is preparing for more rain and snow after a severe
(嚴重) storm killed at least 19 people and left millions of others under a
flood watch.

Our US Correspondent Jagruti Dave reports.



**Oxfam Recommends Solidarity Tax On Wealthiest **
Anti-poverty group Oxfam says companies making big profits as inflation
surges (急遽上升) should face windfall taxes to help cut global inequality.

That's one of the recommendations in a report the group released today as the
World Economic Forum’s annual meeting of political and business elites gets
underway in Davos.

Oxfam also says that over the past two years, the world’s super-rich 1% have
gained nearly twice as much wealth as the remaining 99% combined.

Meanwhile, at least 1.7 billion workers live in countries where inflation is
outpacing their wage growth.

That's even as billionaire fortunes are rising by $2.7 billion a day.

To combat these problems, Oxfam urged higher taxes on the rich, through a
combination of measures including one-time “solidarity” taxes and raising
minimum rates for the wealthiest.

That was the I.C.R.T. news,

Check in again tomorrow for our simplified version of the news, uploaded
every day in the afternoon.

Enjoy the rest of your day, I'm _____.

Good afternoon, I'm _____ with today's episode of EZ News.





**Tai-Ex opening **

The Tai-Ex opened up 71-points this morning from Friday's close, at 14,895 on

turnover of 3.5-billion N-T.



The market moved higher on Friday, but faced stiff technical resistance ahead

of 15,000 point mark.



Friday's rise was led by a rally by Taiwan Semiconductor Manufacturing, which

finished at or above the 500 N-T per share mark for the for the first time

since August of last year.



Tomorrow is the is the Tai-Ex's final trading day before the Lunar New Year

holiday - and it will reopen on January 30 .







**VP William Lai Elected as DPP Chairman **

Vice President William Lai has been elected the D-P-P's new chairman - after

winning the party's uncontested (無競爭的) election.



Lai won with 41,840 votes, or 99.65-per cent of the total cast.



According to the D-P-P's Acting Secretary-General Sidney Lin, turnout for the

ballot was 17.59-per cent.



However, that was slightly higher than the D-P-P's party previous chair

election in 2019, which stood at 16.9-per cent, when Zhuo Rong-tai was

elected.



Speaking after being formally announced the winner, Lai said will officially

take up the post on Wednesday during a D-P-P central standing committee

meeting.



His tenure will run until May 20, 2024, when Taiwan's next president will be

inaugurated.







**43% of TRA Tickets for LNY Holiday Sold **

The Taiwan Railways Administration says some 43-per cent of tickets for the

upcoming Lunar New Year holiday have so far been sold.



The rail operator is laying on a total of 499 additional train services to

meet the expected increase in passenger volume over the holiday period.



Those additional (額外的) trains will run until January 30.



According to the railways administration, the additional train services mean

that some 450,000 more seats will available - increasing capacity by 12-per

cent from last year.



Tickets for January 19, 20, 28, and 29 are sold out.



But the rail network says tickets for other days of the Lunar New Year

holiday are still available.





**US Cali Preps for More Rain and Snow **

The US state of California is preparing for more rain and snow after a severe

(嚴重) storm killed at least 19 people and left millions of others under a

flood watch.



Our US Correspondent Jagruti Dave reports.







**Oxfam Recommends Solidarity Tax On Wealthiest **

Anti-poverty group Oxfam says companies making big profits as inflation

surges (急遽上升) should face windfall taxes to help cut global inequality.



That's one of the recommendations in a report the group released today as the

World Economic Forum’s annual meeting of political and business elites gets

underway in Davos.



Oxfam also says that over the past two years, the world’s super-rich 1% have

gained nearly twice as much wealth as the remaining 99% combined.



Meanwhile, at least 1.7 billion workers live in countries where inflation is

outpacing their wage growth.



That's even as billionaire fortunes are rising by $2.7 billion a day.



To combat these problems, Oxfam urged higher taxes on the rich, through a

combination of measures including one-time “solidarity” taxes and raising

minimum rates for the wealthiest.



That was the I.C.R.T. news,



Check in again tomorrow for our simplified version of the news, uploaded

every day in the afternoon.



Enjoy the rest of your day, I'm _____.