At times this city of Hong Kong never ceases to amaze me for reasons good and bad. Hong Kong is undoubtedly one of the financial hubs of Asia and will continue to be a gateway to China for the foreseeable future. The last couple of weeks I observed a few things I felt worth sharing with the readers.
The world is in an economic crisis and so Hong Kong Government has initiated a stimulus package where they will guarantee a business loan up to 80% and HK$12 million. (around US$1.6 million) What is even more amazing about this is that the Government website shows of the around 15,000 applications for the loan scheme less than 60 of them had been declined.
Further financial news was the first IPO from China for around seven months was released in the past week or so. The IPO was 750 times oversubscribed.
Finally in the busy area of Mong Kok a man who had regularly parked his wheelchair on a busy corner and begged for money passed away whilst sitting there. The people passing by just pushed him and his wheelchair over and parked him by the rubbish bin so as not to block the busy pavement.
Having the money is one thing, what we do with it is another. Big cities around the world like Hong Kong will cast you aside to a rubbish bin without missing a step. It's time society had a good long look at itself.
Victor Cattermole
For more details, please visit Victor's TNNW Bio.
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1 comment:
A friend of mine posted a link in facebook from The New York Times: "Is It Now a Crime to Be Poor?" by Barbara Ehrenreich
As the numbers of poor increase daily in the recession, compassion is either non-existent or "illegal" as in the case of Food Not Bombs sharing free food in public places around the country.
Victor, thank you for reminding us to take a good long look at what we've become as a civilization.
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