Published on Mar 2, 2014
” Thousands take to the streets of Hong Kong to protest against threats to press freedom in the city, days after a former newspaper editor was attacked with a cleaver.”
” Detroit is beautiful—though you probably have to be a child of the industrial Midwest, like me, to see it. As you may have heard, the city is in trouble. At the end of the 2013 fiscal year, Detroit had a balance sheet with liabilities of $9.05 billion. The city’s emergency manager, Kevyn Orr, estimates long-term debt at $18 billion.
But I know how to fix Detroit, because it reminds me of another favorite place, Hong Kong—two things so opposite that they evoke each other the way any Kardashian is a reminder that you love home and mother.
Hong Kong’s per capita GDP is among the highest in the world. But it was once a worse mess than Detroit. Devastated by Japanese occupation, the British colony’s population had declined from 1.6 million in 1941 to 600,000 by 1945. Then, after the 1949 communist victory on the mainland, a million refugees arrived. Most of them were penniless. Britain’s Labor government was penniless, too. Maybe Hong Kong could have gone into Chapter 9. But who would have been the bankruptcy judge? Chairman Mao?”
Cyber Monday Sting Operation: International Strikeforce Seizes 706 Counterfeit Websites In Undercover Crackdown
” An international strike force formed by 11 law enforcement agencies seized and shut down 706 websites on Cyber Monday that were accused of selling counterfeit merchandise. It’s the sting operation’s fourth year, showing that governments have made “Project Cyber Monday” as much of an annual tradition as retailers have Cyber Monday itself.”
” A powerful typhoon hovers close to Taiwan, the Philippines, and Hong Kong preparing for a disastrous impact. This super typhoon named Usagi began was a tropical storm, but has rapidly grown to a category five hurricane which is the highest level.
In the last 24 hours, a cyclone in the west Pacific has explosively intensified, and is on a track towards Hong Kong.
The storm – named Usagi – has achieved super typhoon status, after an amazing burst in its peak winds from 75 mph Tuesday to over 160 mph today. (Typhoons become “super typhoons” if their peak winds reach 150 mph or higher). It is now equivalent to a category 5 hurricane.”
” One week ago I left Hong Kong after it became clear that my freedom and safety were under threat for revealing the truth. My continued liberty has been owed to the efforts of friends new and old, family, and others who I have never met and probably never will. I trusted them with my life and they returned that trust with a faith in me for which I will always be thankful.
On Thursday, President Obama declared before the world that he would not permit any diplomatic “wheeling and dealing” over my case. Yet now it is being reported that after promising not to do so, the President ordered his Vice President to pressure the leaders of nations from which I have requested protection to deny my asylum petitions.
This kind of deception from a world leader is not justice, and neither is the extralegal penalty of exile. These are the old, bad tools of political aggression. Their purpose is to frighten, not me, but those who would come after me.”
” Russia might be willing to grant asylum to Edward Snowden, the whistleblower who exposed the extent of the National Security Agency’s electronic surveillance, if he asked for it, Kremlinspokesman Dmitry Peskov said Tuesday.
That single, utterly noncommittal phrase triggered a storm of commentary on Russian social media, with some exulting in the historic turn-of-fortunes situation that nowadays makes Russia look like a potential haven for US dissidents.”
” He went on to say America is “the most corrupt [country] in the world” – not China. “Where does this great breakdown [of corruption] come from? It started exactly from the [rest of the] world, the United States … If our own countrymen don’t support our country, who will?” he said.
The interview to promote his new movie CZ12 was aired in December and translated into English by website Ministry of Tofu, but only alighted on by the US newspaper this week. “
” The stock market volatility of late puts into question how much longer the current uptrend can last. Dividend-paying ETFs can cushion the blow of day-to-day gyrations and offer investors something for sitting on their hands. Here’s a look at five of the fattest-dividend paying ETFs on the market and what’s driving there performance.
With the exception of iShares FTSE NAREIT Mortgage REIT ETF (REM), all of these are very thinly traded, so they’ll likely have wider bid-ask spreads than more liquid ETFs and it may take longer for your brokerage to fill an order.
2. iShares MSCI Hong Kong Small Cap (EWHS).
312-month yield: 12.75%.
One-year return: 23.15%.
IBD Relative Strength and Accumulation-Distribution Ratings: 40, B+.
EWHS gapped down $3.79, or 12.75%, on Dec. 18 when it paid out $3.70 a share in income.
EWHS is trading below the 50-day average but above the 200-day line, which means it’s in a weak uptrend. Nearly half of assets are devoted to consumer discretionary companies, a fifth is in financials and one-seventh is in technology. EWHS trades at a slight discount to emerging markets with a price-earnings ratio of 11.89 and price-to-book of 1.03. Emerging markets have a P-E of 12.3 and P-B of 1.58. “
“When you’re taking a trip, whether for business or for pleasure, you want to be comfortable. And for most of us, being “comfortable” away from home simply means staying in a clean hotel room that has cable, a mini fridge, and a clean shower. However, as the rich people of the world demonstrate time and time again, “comfort” is a relative term.”