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The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

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Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
Taiwan

Taiwan’s Hung Makes Nationalist Party Comeback With Party Chief Win

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March 26, 2016, 10:00 AM ET
Crowds Gather In Taipei To Show Support For Hong Kong Pro Democracy Rallies
TAIPEI, TAIWAN - OCTOBER 01: Hundreds of students raise their cell phone with one sign reading "hold on to freedom in the rain" in front of Liberty Square to show support for Hong Kong pro democracy rallies on October 1, 2014 in Taipei, Taiwan. Thousands of pro democracy supporters continue to occupy the streets surrounding Hong Kong's Financial district. Protest leaders have set an October 1st deadline for their demands to be met and are calling for open elections and the resignation of Hong Kong's Chief Executive Leung Chun-ying. (Photo by Ashley Pon/Getty Images)Ashley Pon Getty Images
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Taiwan’s opposition Nationalist Party picked as its new leader a woman it had ditched as its presidential candidate weeks before January’s election after a wave of criticism of her campaign.

Pro-China Hung Hsiu-chu, a one-time schoolteacher known by the nickname “Little Hot Chili Pepper,” won 56% of the vote, a Nationalist Party spokeswoman said, beating three other candidates.

“Thanks to so many comrades’ support … giving me a chance to bend down and pick up the first brick to lead the Nationalist Party to rebuild our home from the debris,” Hung told a news conference.

“In the face of such a difficult and hard future situation, as long as we have courage there is no difficulty we cannot overcome. Please join me and work with me,” she added.

Hung’s victory marks a comeback for a woman who, in October, was removed as her party’s candidate for January’s presidential election after a campaign riddled with gaffes and political attacks.

The change made no difference, however, as her replacement, Eric Chu, still ended up being trounced in by Tsai Ing-wen of the pro-independence Democratic Progressive Party (DPP). Chu resigned as party chief after the defeat.

Tsai will take over as president in May from Ma Ying-jeou who has held the position for the Nationalists since 2008.

Known in Chinese as the Kuomintang, the Nationalist Party ruled China before being forced to flee to Taiwan in 1949 at the end of a bloody civil war with the Chinese Communist Party. Beijing claims Taiwan as a renegade province to be brought under its control by force if necessary.

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