Word: honge
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...waters off the Horn of Africa. This year alone, pirates based in Somalia, where any semblance of a functioning state broke down years ago, are thought to have attacked more than 90 ships. In a recent 48-hour period, they apprehended vessels from Greece, Thailand and Hong Kong, and on Nov. 15 took the biggest prize of all, the Saudi supertanker Sirius Star, laden with an estimated $100 million in crude...
This rivalry is old. It’s even older than some of Harvard’s most famous internal rivalries, like the Crimson versus the Lampoon, the Hong Kong Restaurant Bar and Lounge versus 8,000 years of beautiful Confucian tradition, the Chickwich versus the food pyramid, the Harvard Voice versus Spare Change, Dorm Crew versus people who shit everywhere, the Isis Club versus True Love Revolution, and Lucy Caldwell versus journalism...
...Shirakawa, chief economist at Credit Suisse Japan. "The economy is less vulnerable." Nevertheless, he says, Japan is not an island: nothing points to an economic recovery in Japan unless the global economy picks up. According to Andreas Schuster, head of research at CLSA, a private-equity firm based in Hong Kong, "It won't be pretty, but it will be less tough than in the Western economies." (See pictures of the global economic crisis...
...HONG KONG Peninsula Hotel To help celebrate its 80th anniversary, arrive in style at this ultra-chic hotel, complete with a fleet of 14 Rolls-Royce Phantoms...
...also concerned about the volume of mainland tourists frittering away their money at the tables in Macau - the only place on Chinese soil where gambling is legal. Each day, crowds of hopeful punters cross into Macau from Zhuhai, in mainland China, and pack ferries sailing in from nearby Hong Kong. Over the past few months, Beijing has imposed stricter visa restrictions to cut down on the frequency that mainland Chinese can visit the former Portuguese colony. As a result, gaming revenues dropped by 10% in the third quarter compared to the previous quarter - the second consecutive quarter to post...