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  • October 2, 2014
  • Last updated: 8:07pm
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  1. News - World - UNITED STATES

    Rising US income inequality hits state tax revenue and threatens budgets

    Posted Sep 15th 2014, 10:17pm by AP

    ... Associated Press in Washington Richest 1 per cent are thriving, but they often shield much of their income from taxes Rising US wealth gap hits state revenue Income inequality is taking ... yesterday by Standard & Poor's. Even as income for the affluent has accelerated, it has barely kept pace with inflation for most other people. That trend can cause two problems for states: ...

  2. News - World - EDUCATION

    Free music programme gives academic boost to low-income children in Los Angeles

    Posted Sep 03rd 2014, 10:57pm by AP

    ... Associated Press in Los Angeles Free programme in Los Angeles gives academic boost to low-income children from rough areas Music helps make good students The founder of a Los Angeles-based non-profit organisation which provides free music lessons to low-income students from gang-ridden neighbourhoods began to notice several years ago a hopeful sign: children were graduating from high ...

  3. News - Hong Kong - WAGES

    Household incomes decline in second quarter

    Posted Aug 29th 2014, 04:22am by SAMUEL CHAN

    ... Samuel Chan samuel.chan@scmp.com Household incomes decline in second quarter Hongkongers are getting poorer, government figures show, with median household monthly income falling HK$200 on the previous quarter to HK$22,900 per month for the period from April to June. Analysts say declining retail sales amid a drop-off in tourist spending due to crackdowns on lavish government expenditure ...

  4. News - Hong Kong - SOCIETY

    Cut in minimum working hours to give more families low-income benefits

    Posted May 24th 2014, 03:00am by Jennifer Ngo

    ... Jennifer Ngo jennifer.ngo@scmp.com More families to qualify for low-income benefits The minimum working hours to qualify for a low-income family subsidy are to be lowered by 16 hours ... the latest proposal, 60 per cent of about 204,000 families set to benefit will now qualify for the full HK$1,000. Herrick Lee Yen-hao, of the pressure group Concerning CSSA and Low Income Alliance, ...

  5. News - World - BRITAIN

    British PM David Cameron pledges tax cuts for 30 million

    Posted Oct 02nd 2014, 03:42am by AFP, Reuters

    ... the system so that people working 30 hours a week on the national minimum wage of £6.50 (HK$82) an hour would pay no income tax. For those on higher incomes, he unveiled plans to raise the threshold ...

  6. News - Hong Kong - COURTS

    Rafael Hui admits he lied to the public – straight after taking chief secretary’s oath

    Posted Sep 26th 2014, 03:16pm

    ... the hot pick for that post,” he said. The two talked about who would succeed Tsang as chief secretary as well, he said. Hui spent well over his HK$380,000 income each month, regularly splurging up to HK$20,000 on opera music records and even more on keeping his horses at the Jockey Club, the court heard on Wednesday. But even after his government income fell to HK$105,000, he was withdrawing ...

  7. News - World - SOMALIA

    Three Somali pirates killed in fight over US$1.6m ransom money

    Posted Sep 27th 2014, 05:34am by AP

    ... to kidnappings for income after their profits from hijacking ships declined as a result of armed internationals patrols. ...

  8. News - Asia - INDIA

    Indian court convicts powerful politician and former film star of corruption

    Posted Sep 27th 2014, 08:34pm by AFP

    ... Public prosecutor G. Bhavani Singh said Jayalalithaa was guilty of "amassing wealth disproportionate to known sources of her income". He said she was not eligible to apply for bail due ...

  9. News - China - SHAOLIN TEMPLE

    ‘What do monks need money for?’ Officials refuse to hand over revenue from Shaolin temple

    Posted Sep 25th 2014, 01:49pm by James Griffiths

    ... money?” A spokesman for temple abbot Shi Yongxin said that the revenue-sharing agreement was the most important source of income for the temple. He explained that the temple spends significant ...

  10. Business - China Business - MR. SHANGKONG

    Beijing's closed door meeting with Hong Kong tycoons erodes trust

    Posted Sep 29th 2014, 03:58am by George Chen

    ... with the so-called property monopoly that helped to kill countless small and private businesses in the city. We can't deny that this income gap is one of the key causes of the current political storm ...




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