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  1. Business - Comment - MONITOR

    How to eradicate poverty- at least by the official definition

    Posted Oct 03rd 2013, 12:00am by Tom Holland

    ... poverty- at least by the official definition At the weekend, the Hong Kong government rolled out its latest big idea: an official poverty line. In its wisdom, the government decreed that anyone ... of the government's approach. Setting your poverty line relative to median income is a little like having an education secretary who declares that all children should get above-average exam grades. Your ...

  2. Business - Economy - THE VIEW

    Cash subsidies go only so far in reducing poverty in Hong Kong

    Posted Jul 22nd 2014, 11:22am by Richard Wong

    ... the newly defined poverty line. This proposal is quite similar to the earned-income tax-credit scheme in the United States, which is a refinement of Milton Friedman's proposal for a negative ... Richard Wong The plight of the poor in Hong Kong needs to be addressed, but we must recognise that cash subsidies only go so far in alleviating the problem Poverty track Tackling poverty ...

  3. Business - Economy - THE VIEW

    China's economic metamorphosis is incomplete

    Posted Oct 30th 2014, 09:24am by RICHARD HARRIS

    ... achievement in history lifting 500 million people from poverty to the aspiring middle class in 30 years. Slowing growth from here is only natural. For those worried about a future hard landing, please ... are moving overseas because the spooks have slowed line speeds to a crawl. Two helpful policies for the long term in China- the crackdown on corruption and the one-child policy- are showing ironic ...

  4. Business - Comment - JAKE'S VIEW

    Housing Authority must raise public housing rents or run out of money

    Posted Jul 08th 2014, 12:45am by Jake Van Der Kamp

    ... by 2017-18. SCMP City What an irony that a government corporation set up to help the poor should draw a poverty line at HK$28.2 billion. But while it still has about HK$68 billion in liquid assets ... of HK$1,200. These rents can go much higher. And the tenants will have little cause to plead poverty. As the second chart shows, wages have risen quite notably over the last seven years while public ...

  5. Business - Companies - RESPONSIBILITY

    Firms shine light on social impact

    Posted Jun 15th 2013, 12:00am by RACHEL BUTT

    ... advocacy groups, the Hong Kong government said it would officially declare a poverty line for the city. Research by the Bauhinia Foundation Research Centre suggests the official poverty line ... outside a forum yesterday on the role of business in alleviating poverty. The Bauhinia Foundation Research Centre, which helped organise the forum, said there was a rising risk of poverty in Hong ...

  6. Business - Economy - JAKE'S VIEW

    Funding must be front and centre in debate on third runway

    Posted Sep 03rd 2014, 02:18pm by Jake Van Der Kamp

    ... that the runway would be certain to go ahead. Events are now falling right in line with that game plan. As a fall-back ploy, however, they also came up with the stratagem of saying that we must first ... poverty is a problem. Now let us assume that we put HK$200 billion into an old-age investment fund and target a return of 2 per cent a year, which is not high in ordinary times. This would yield ...

  7. Comment - Insight & Opinion - THE VIEW

    China’s strategy: keep tilting the playing field until someone notices

    Posted Aug 21st 2014, 10:38am by RICHARD HARRIS

    ... line For millions of Chinese, a summer trip to the seaside involves playing in sand, a dip in the sea and bad food. Last week a group of elite leaders went to the coastal resort of Beidaihe ... the counter. There is more emphasis on environmental protection and reducing poverty. The authorities have levelled high-profile allegations of price gouging and corruption against foreign companies ...

  8. Business - Economy

    Crisis-hit Greece sees rise in social inequality

    Posted May 06th 2013, 01:43pm by AFP

    ... was close to 44 per cent. “Adjusted for inflation and using 2009 as the fixed poverty threshold, more than one out of three Greeks (38 per cent) had already fallen below the poverty line last year,” ... with output shrinking by some 20 per cent during the six years of recession. “The middle class has shrunk and is getting close to the poverty line, while the poor are getting poorer, which makes ...

  9. Comment - Insight & Opinion - THE VIEW

    Can party wean itself off growth at all costs?

    Posted Aug 18th 2014, 09:24am by Cathy Holcombe

    ... on track." It would seem hard to argue with growth that at one point remained above 10 per cent for a decade, pulling millions of Chinese out of dire poverty and creating an urban middle class. ... expanding would only lead to a more dreadful reckoning further down the line. However, it did not take long before China's new, supposedly more fiscally conservative leaders blinked. Beijing ...

  10. Business - Economy

    30 million more jobless in the world, says ILO

    Posted Oct 13th 2012, 12:00am by AFP

    ... and their families above the US$2 a day poverty line." Ryder said that figure would be 55 per cent lower if the poverty reduction trend seen before the crisis had been maintained. "This means ...




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