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  • April 20, 2014
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  1. Business - Comment - MONITOR

    Tsang's vision of Hong Kong's future is severely out of focus

    Posted Feb 27th 2014, 01:23am by Tom Holland

    ... Tom Holland Instead of building mega-projects that serve no purpose, the government should spend money where it is needed: education, health and welfare Tsang's vision of Hong ... education, welfare and health services, the financial secretary warned we will be plunged into "a structural deficit" in just seven years. Even if the government were to freeze real per ...

    http://www.scmp.com/business/article/1435878/tsangs-vision-hong-kongs-future-severely-out-focus
  2. Business - Comment - MONITOR

    With fewer grand projects, Hong Kong can afford its health care bills

    Posted Sep 02nd 2013, 12:00am by Tom Holland

    ... projects, HK can afford its health care bills In his Sunday Morning Post column yesterday, Jake van der Kamp called for a pin. He is not, so far as I know, going into business as an acupuncturist. ... health care for Hong Kong's growing army of old folk. Tax changes would be needed to plug the gap, warned one of the government's fiscal advisers. This is no surprise. In his budget ...

    http://www.scmp.com/business/article/1301355/fewer-grand-projects-hong-kong-can-afford-its-health-care-bills
  3. Business - Comment - MONITOR

    It's not heresy to expect grand projects to pay for themselves

    Posted Feb 28th 2014, 01:01am by Tom Holland

    ... that on our current trajectory, rising health and welfare spending as the population ages will plunge the city into "a structural deficit" in seven to 15 years' time. The answer, Tsang ... lump sums, and the government will be free to spend the money where it is most needed: on health care and welfare for old folk. To many inside government and out this is heresy. To others, ...

    http://www.scmp.com/business/article/1436598/its-not-heresy-expect-grand-projects-pay-themselves
  4. Business - Comment - MONITOR

    We don't need a Future Fund. The future is already upon us

    Posted Mar 05th 2014, 01:34am by Tom Holland

    ... problem". Similarly, they reject outright the idea that the government should switch to collecting its land revenues as regular income streams in order to fund recurring spending on health ... It is not future generations that are under pressure. It is the generation of Hongkongers now approaching old age with inadequate or non-existent pensions and no health insurance that needs public help. ...

    http://www.scmp.com/business/article/1440476/we-dont-need-future-fund-future-already-upon-us
  5. Business - Comment - MONITOR

    Fiscal report based on lunatic projection of capital spending

    Posted Mar 04th 2014, 05:09am by Tom Holland

    ... of rising health and welfare spending with declining revenue growth will push the government's finances into a structural deficit within the next 15 years. Under the committee's base case, ... budget. With only a modest increase in per capita spending on health and welfare, the report warns that by 2041 the city would have run up monstrous debts of HK$3 trillion. This is indeed a scary ...

    http://www.scmp.com/business/article/1439605/fiscal-report-based-lunatic-projection-capital-spending
  6. Business - Comment - MONITOR

    Spending on old folks isn't the problem- it's the solution

    Posted Jan 14th 2014, 01:37am by Tom Holland

    ... Tom Holland Our finance chief may fret, but let's use HK's massive surplus to set up a Health and Welfare Fund, and then we can retire off talk of tax rises Spending on old folks ... sucked out of Hong Kong's economy over recent years, to the detriment of everyone's income. Now it is time to put it to work. The government should ring-fence the cash in a new Health ...

    http://www.scmp.com/business/article/1404895/spending-old-folks-isnt-problem-its-solution
  7. Business - Comment - MONITOR

    Even Hong Kong's best efforts may not help to clear our air

    Posted Feb 12th 2014, 12:46am by Tom Holland

    ... in the city's air quality over the next five years. Yesterday, she pledged to get the very worst-polluting buses and trucks- those that do the most harm to our health- off Hong Kong's streets ...

    http://www.scmp.com/business/article/1426234/even-hong-kongs-best-efforts-may-not-help-clear-our-air
  8. Business - Comment - MONITOR

    British model of governance is nothing for Hong Kong to boast about

    Posted Dec 05th 2013, 06:00am by Tom Holland

    ... to manage patient records for the National Health Service. Quite how much this folly actually cost by the time the project was cancelled almost 10 years later no one seems to know, but a figure ...

    http://www.scmp.com/business/article/1373170/british-model-governance-nothing-hong-kong-boast-about
  9. Business - Comment - MONITOR

    The plenum speech Xi Jinping ought to deliver (but won't)

    Posted Oct 30th 2013, 02:32am by Tom Holland

    ... poorest, we must now abolish the hukou system, ensuring that the families of all workers, wherever they were born, are given access to health care, housing, education and pension benefits ...

    http://www.scmp.com/business/article/1343106/plenum-speech-xi-jinping-ought-deliver-wont
  10. Business - Comment - MONITOR

    Powerful evidence Hong Kong officials just don't care about pollution

    Posted Oct 08th 2013, 12:00am by Tom Holland

    ... past you in the street, the bus is doing twice as much damage to your health. Yet government efforts to reduce roadside emissions range from the farcical to absurd. It has told drivers ...

    http://www.scmp.com/business/article/1326682/powerful-evidence-hong-kong-officials-just-dont-care-about-pollution

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