Issue: March 02, 2006 (Archive)

Sunday, September 5, 2010

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Blowing in the wind
When energy prices double or triple in a year, anxieties tend to rise. When the world's largest energy supplier halts a terrorist attack literally at the gates of its largest refinery, nerves get just a little more unsettled. When big energy suppliers like Venezuela, Bolivia, Nigeria, Iraq, Saudi Arabia and Iran suffer attacks on pipelines, oil workers and refineries or threaten nationalistic takeovers or cutoffs of energy supplies, concern hikes yet again.

The tax we can't afford
The goods and services tax seems to be the tax idea that just won't die. One should never be dogmatic about these things, but a GST is unlikely to be a good tax for Hong Kong.

Nonsense on the Net
Two kinds of moral equivalence, one from the witnesses' table and the other from the questioners' panel, were in full display during a recent House International Relations Committee hearing titled The Internet in China: A Tool for Freedom or Suppression?

The socialist contradiction
Despite China's sweeping reforms that have transformed a socialist command economy into a somewhat capitalist- style market, socialist ideology continues to manifest itself whenever there's a chance.

He's always on the run
It seems that "permanent campaign mode" is the preferred mode of operation for most governments in democratic countries where elections are frequent. This may be lamentable but it is understandable in nations where the people choose their government. In Hong Kong, the operation of campaign mode is puzzling because there is no elected government.

Henry in the middle
It's budget time. Laments, demands, advice and threats have filled the air in the lead up to this year's budget speech. Phone-in shows and radio hosts held court on what Financial Secretary Henry Tang should and should not do. Henry himself put out a series of television ads soliciting e-mails and viewers' ideas.

Ancient art of stealing
I stopped by the Heritage Museum in Sha Tin to see The Silk Road: Treasures from Xinjiang on the weekend. Who thinks of these names? It should have been called Mummies etc, for in addition to some pots, nice bits of gold, textiles and documents in Sogdian, the exhibition starred two immaculately preserved mummies: the so-called "Beauty of Loulan" (who obviously has an accomplished publicity agent) and "Cherchen Man," both more or less contemporaneous with their Egyptian colleagues, complete with skin, fingernails and eyebrows.

Responsible stakeholder
Three top administration officials in charge of US economic and trade policy spoke on China last week. When the nicest thing said by new Federal Reserve chairman Ben Bernanke that the Chinese "need to do more" on the currency, you know trouble is brewing.

High price of education
The overborrowing of bank loans by China's public universities to sustain expansion is likely to cause the slowly decreasing nonperforming loan ratio of mainland banks to rebound again.

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