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November 26, 2006

Taiwan President's Son Draws Fire for $7500 Apartment Allowance

posted by MR WAVETHEORY at 11/26/2006 07:52:00 AM
The son of Taiwan's President and his wife.

It's not easy being the son of President Chen Shui Ben of Taiwan, especially when the gap between rich and poor is widening. The beleaguered President's son, Chen Chih-chung (陳致中) has apparently been loitering in New York with his wife living in a posh $7500 per month apartment. That is equivalent of $250,000 NT or Taiwan dollars. In a country where per capita income is $27,600 or the equivalent of $900,000 NT, the press is having a field day.

The couple is apparently living at a 83rd Street apartment where a two bedroom unit goes for $7500 per month. The outrageous rent is causing pundits to speculate the President is laundering money with reports that he owns a $3 million real estate property in Palos Verdes.

The brouhaha is spilling over into fears that the the President's son and his wife will be having their baby in America. Residents of Taiwan are not taking it lightly and don't want to see the President of Taiwan end up with an American born baby.

Sometimes, politics is more exciting than fiction!

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