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  • August 30, 2014
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  1. Business - Comment - JAKE'S VIEW

    Let the Hong Kong taxpayer off the hook for a new runway, please

    Posted Aug 12th 2014, 12:25am by Jake Van Der Kamp

    ... would do well to feature a disclaimer at the bottom- "Paid for by you to make you think our way." Yes indeed, we are still a long way from democracy. But I was speaking of fudging ... It would indeed be inconvenient. But if you were paid compensation for it, how much would make you happy to put up with this inconvenience? Would HK$100 do the trick, HK$1,000, HK$10,000? Somewhere ...

    http://www.scmp.com/business/article/1571636/let-hong-kong-taxpayer-hook-new-runway-please
  2. Comment - Insight & Opinion - JAKE'S VIEW

    Council proposals won't do much for investor protection

    Posted Jun 22nd 2014, 03:15am by Jake Van Der Kamp

    ... Jake van der Kamp Council proposals won't do much for investor protection Hong Kong's Financial Services Development Council proposed yesterday the creation of several new ... have already said no to this idea, and said it resoundingly. If you want to dive for the bottom, go to Singapore. They don't have much in the way of scruples down there. We do. We may ...

    http://www.scmp.com/comment/insight-opinion/article/1537836/council-proposals-wont-do-much-investor-protection
  3. Comment - Insight & Opinion - JAKE'S VIEW

    Employers, and not just the minimum wage, distort Hong Kong labour market

    Posted Aug 10th 2014, 04:50am by Jake Van Der Kamp

    ... of the whole world. We are talking of Hong Kong only, and Hong Kong employers have their own way of distorting the local labour market as much as any minimum wage law can do. Their way is to lobby ...

    http://www.scmp.com/comment/insight-opinion/article/1570078/employers-and-not-just-minimum-wage-distort-hong-kong-labour
  4. Comment - Insight & Opinion - JAKE'S VIEW

    'Grim' retail sales index tells only fraction of story

    Posted Aug 03rd 2014, 04:25am by Jake Van Der Kamp

    ... no corruption arrests in China the previous evening, I think). I shall now do my best to make it a less important item of news. This is an easy task, really. It requires the revelation of only one fact. ... that they do exist in our official statistics is in the personal consumption expenditure segment of our quarterly gross-domestic-product report. You'll see true facts of retail sales there again ...

    http://www.scmp.com/comment/insight-opinion/article/1565124/grim-retail-sales-index-tells-only-fraction-story
  5. Business - Comment - JAKE'S VIEW

    Hong Kong government's reserves are not big enough to fight 'financial predators'

    Posted Jul 31st 2014, 01:01am by Jake Van Der Kamp

    ... and the index dropped 400 points on the spot. The whole world saw what he was doing and effectively said: "Well, if he wants to play silly fools with the stock market, we'll stand across from ... crisis and he turned a big profit in the recovery. But he never tried anything of the kind again. He had seen what big money can do and it scared him. Norman, the Bank for International ...

    http://www.scmp.com/business/article/1563045/hong-kong-governments-reserves-are-not-big-enough-fight-financial-predators
  6. Comment - Insight & Opinion - JAKE'S VIEW

    China's currency swap deal with Switzerland is just plain dumb

    Posted Jul 27th 2014, 04:01am by Jake Van Der Kamp

    ... came to US$182.2 billion. And now here is the problem. What can you do with US$182 billion in China? The country's currency is the yuan. You may buy a few things with US dollars, but if you really want to make widespread use of the money you have to convert it to yuan. And that just means someone else has the problem of what to do with US dollars in China. There is an obvious ...

    http://www.scmp.com/comment/insight-opinion/article/1559951/chinas-currency-swap-deal-switzerland-just-plain-dumb
  7. Business - Comment - JAKE'S VIEW

    Trees just the start for axe swinging needed at West Kowloon arts hub

    Posted Jul 24th 2014, 12:21am by Jake Van Der Kamp

    ... about what to do with the space and getting no further ahead than it was years ago. There is a lesson here- one should never let artists (or journalists) try to do things. Emote, scribble and talk, yes. But do? At the moment they are all squabbling with the senior government bureaucracy about whether to spend HK$23 billion on a parking garage for one of the buildings. Very artistic ...

    http://www.scmp.com/business/article/1557771/trees-just-start-axe-swinging-needed-west-kowloon-arts-hub
  8. Comment - Insight & Opinion - JAKE'S VIEW

    Overpaid box tickers at SFC leave us none the wiser about price-sensitive information

    Posted Jul 20th 2014, 04:13am by Jake Van Der Kamp

    ... don't even rate as professionals, but this has also risen twice as fast as the nominal wage and salary indices over the last 10 years. Do you see that line with the words "out ...

    http://www.scmp.com/comment/insight-opinion/article/1556626/overpaid-box-tickers-sfc-leave-us-none-wiser-about-price
  9. Business - Comment - JAKE'S VIEW

    China risk is the real worry for Hong Kong banks

    Posted Jul 17th 2014, 01:09am by Jake Van Der Kamp

    ... keenly, although they do. Traditionally, if your bank forecloses on you it can sell your property at only the value of your outstanding mortgage balance. Someone in the know- we say no more- may ... that period from less than 10 per cent of total loans in June 2006 (earlier data is not available) to 56 per cent at present. Let's put this into context. What do you think that the top man ...

    http://www.scmp.com/business/article/1555497/china-risk-real-worry-hong-kong-banks
  10. Comment - Insight & Opinion - JAKE'S VIEW

    Police can handle Occupy protest, so why the paranoia from Beijing?

    Posted Jul 13th 2014, 03:25am by Jake Van Der Kamp

    ... If they say they are not yet ready, if they cannot prevent the breakdown of government and business operations in Central, if Occupy Central truly has them cowed, then there is only one thing to do ... advance. It is how society works out where public effort should go. But while public security officials in Beijing do not have to put up with such notions at home, it frustrates them enormously ...

    http://www.scmp.com/comment/insight-opinion/article/1552875/police-can-handle-occupy-protest-so-why-paranoia-beijing

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