TOP U.S. ECONOMIST LARRY SUMMERS is being roasted on social media at the moment after he expressed surprise that the capitalist society in which he lived had serious, mounting problems.
People aren’t working, couples aren’t getting married, many folk are depressed or suicidal, and politics is being polarized. The former U.S. government moneyman revealed…
SPACs are in the news this week, after Silicon Valley’s pioneer in the investment vehicle business said he would return US$1.5 billion to backers. But Hong Kong’s versions of the Special Purpose Acquisition Company have key differences, says SPAC specialist Jason Wong
THE U.S. ENTERED AN interest rate hike cycle this year, and capital markets…
THE PEOPLE OF ECUADOR revealed on Monday that China had slashed their debt by more than US$1 billion. Cash saved will go to social programs for the needy.
By restructuring the developing country’s bailout, the Chinese are effectively foregoing US$1.4 billion in repayments—which is good for Ecuador. “It’s a positive deal. There is an important…
A U.S. UNIVERSITY LECTURER who expressed despair at the impossibility of fighting negative media “framing” of China got a nice surprise today. A range of supportive voices on social media encouraged her not to quit.
A few hours ago, Dr Lin Zhang of the University of New Hampshire posted a sad lament on Twitter, saying…
Art galleries and museums are fine, but art should be done by creative young people and should be present in the public environment, says the super-creative Hong Kong artist. H.C. Lu reports
VISITORS WHO STEPPED into the Rockefeller Memorial Chapel in the US a few years ago got a surprise – there was a pair…
It sounds hard to believe, but civil service applicants in China had to write actual literature to win top jobs, becoming "jinshi" - a class of writer-administrators who advised the emperor. (Business people were ranked low on the ladder.) For centuries, it worked well - but at other times, the bureaucratic need for order and…
THE DAOGUANG EMPEROR tasked Commissioner Lin Zexu (image above) with suppressing the opium trade bedeviling China in 1839.
Lin initially tried diplomacy.
As British traders were growing the drug in India and then smuggling it into China, he hoped an appeal to their country’s sense of honor might be salutary.
Before the outbreak…
ON CHRISTMAS DAY, 1957, the most famous woman in the world cleared her throat and made the first of what would become a series of televised annual speeches.
“In the old days the monarch led his soldiers on the battlefield and his leadership at all times was close and personal,” said Queen Elizabeth II.
Queen…
THE CHINESE HAVE FINALLY gone to war. After decades of peace, the world’s most populous nation has launched a series of battles with other countries – but all the skirmishes are street dance fight-outs.
Top TV show Street Dance of China has become an international hit, with people around the world tuning in as dancers…
HONG KONG’S special purpose acquisition companies, better known as SPACs, are currently in a slump. This is not only because of poor global market conditions, but also because of the restrictive listing requirements set by the Stock Exchange of Hong Kong. Change is urgently needed.
Image by Friday Culture.
Here’s a brief discussion of the…
