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...year high of 6.5% in October due largely to rising food and fuel costs. The storms will almost certainly cause another spike. Frigid temperatures across 14 provinces in China are destroying vegetable crops and will "push up food prices further in January and February," says Jun Ma, chief China economist at Deutsche Bank in Hong Kong. The consequences could be serious, says Simpfendorfer of the Royal Bank of Scotland. "Even if [inflation] creeps up to 7.5%, that grabs the headlines and will affect expectations...
...sweet “Millionaire’s Club Casino.” Except if you really were a millionaire, you wouldn’t be on a Caribbean cruise. Isle of Man: If you like cold, rainy weather, you’ll no doubt enjoy Cambridge, MA. Yet there’s something decidedly refreshing about shelling out major cash to experience the dreariness 3,000 miles away. Hit up this self-governing Crown dependency and enjoy some splendid Anglo-Saxon...
...reality, though, 2017 is pretty much the only way. While the Basic Law, Hong Kong's mini-constitution, holds full democracy as its "ultimate aim", the mainland has the last word on its interpretation, leading some observers to see Sunday's march as quixotic at best. Ma Ngok, a political analyst at Chinese University of Hong Kong, says that even if the mainland could be budged by mass popular protests, efforts to get the people out in large enough numbers "won't work because people have been much more pacified in recent years." Some 72% of Hong Kongers find Beijing...
...everyone is so sure. "Politically you can say that we will continue to fight for 2012," says Professor Ma, "but most HK people know that it is not possible to fight on in this regard against Beijing." Still, organizer Lee Cheuk Yan, a legislator from the Hong Kong Confederation of Trade Unions, points out that the rally was also intended to send a clear signal to Beijing that the relatively small number of demonstrators on the streets could drastically swell if the mainland reneged on its timetable promises. The next battle is to make sure that the electoral systems necessary...
Sticky issues remain - including the nature of the Taipei regime in relation to the government in Beijing if both are part of "One China." Ma believes he can skirt the issue by referring to the government in Taiwan by its official name, The Republic of China, based on a consensus the KMT says was reached with Beijing in 1992. (The DPP maintains that no agreement was ever made.) "If that issue is resolved," says Chao, "there's no limit to what can be agreed upon - direct links and tourist exchanges could happen immediately...