(housing bubble)
(format)
 
(35 intermediate revisions by 5 users not shown)
Line 1: Line 1:
 +
{{Userbox
 +
|border-c=#000
 +
|border-s=1
 +
|id-c=#fff
 +
|id-s=
 +
|id-fc=
 +
|info-c=#99CCCC
 +
|info-s=13
 +
|info-fc=#000
 +
|id=[[File:Icon-team.jpg|80px]]
 +
|info=<center>'''This user is part of the [[Conservapedia:CP Civility Association|CP Civility Association]].'''</center>
 +
}}<noinclude>
 +
{{Clear}}
 +
 +
Here are my ''American Thinker'' articles: https://www.americanthinker.com/author/peterkauffner/
 +
 
==Back from Hong Kong==
 
==Back from Hong Kong==
−
I'm back from Hong Kong and it was certainly quite a week to be there (Oct. 1-7). Hong Kong was once a British colony, but it has been ruled by China since 1997. The city has a unique "one country, two systems" form of government that allows a British-style legal system to continue despite the fact that the local government is now appointed by the Chinese Communist Party. There have been pro-democracy protests in the city for the past four months. The protests expanded dramatically after a decree banning masks took effect on Oct. 5. Vandalism was so intense that the entire subway system had to be closed down.<br/>Hong Kong has one of the most serious housing bubbles in history. Rising land values make the rich richer and leave young couples without homes of their own. Everyone wants a piece of the action, including Chinese President Xi Jinping. Xi has a villa in Hong Kong at Repulse Bay. When I talked to the protesters, I suggested that they take a look at that.
+
I'm back from Hong Kong and it was certainly quite a week to be there (Oct. 1-7). Hong Kong was once a British colony, but it has been ruled by China since 1997. The city has a unique "one country, two systems" form of government that allows a British-style legal system to flourish despite the fact that the local government now works for the Chinese Communist Party. There have been pro-democracy protests in the city since an extradition bill was proposed four months ago. The protests mushroomed after Carrie Lam, the city's hapless chief executive, issued a decree banning masks on Oct. 5. Vandalism was so intense that the entire subway system had to closed for the first time in its history. Not only that, but the city's High Court is likely to overturn the decree.<br/>As if protests and tear gas weren't enough, Hong Kong faces another serious problem: The city is experiencing one of the largest housing bubbles in economic history. Rising land values make the rich richer and leaves young couples unable to afford homes of their own. Everyone wants a piece of the action, including Chinese President Xi Jinping. Xi has a villa in Hong Kong at Repulse Bay. When I talked to the protesters, I suggested that they take a look at that.
 
<gallery>
 
<gallery>
−
File:V-Barracade across Nathan Road in Mongkok.jpg|A barricade in Mongkok District, Oct. 5. Although defended by a catapult, the police had little trouble taking it apart.
+
File:Dim sum.jpg|Dim sum is what Hong Kongers eat for breakfast.
−
File:China_Liaison_Office,_Hong_Kong.jpeg|This tower in Sai Ying Pun is the office of Hong Kong's "secret" Communist Party. (I didn't tell you.)
+
File:Cookies from Jenny Bakery.jpg|Jenny Bakery in Mirador Mansion makes the city's favorite cookies.
−
File:Glass broken in Hong Kong protests.jpeg|The subway has experienced a wave of vandalism. This pane is at Mei Foo Station.
+
File:Hong Kong Ferry.jpeg|You get a magnificent view of the harbor aboard the white and green Hong Kong ferry.
−
File:Poster on why attack subway.jpg|This poster addresses the aspect of the protest that is perhaps most perplexing: Why do the protesters attack the subway?
+
File:Pro-democracy march in Wanchai, Hong Kong.jpeg|I stand in front of a pro-democracy march in Wanchai District, site of some of the most serious rioting. Masks provide protection against tear gas.
−
File:Dim sum.jpg|Dim sum, breakfast food in Hong Kong
+
File:V-Barracade across Nathan Road in Mongkok.jpg|This barricade was built in Mongkok District on Oct. 5. Although defended by a catapult, the police had little trouble removing it.
−
File:Hong Kong Ferry.jpeg|You can get a magnificent view of the harbour aboard the white and green Hong Kong ferry.
+
File:Poster on why attack subway.jpg|This bilingual poster looks at the fraught relationship between the protesters and Mass Transit Railway, the city's subway provider. The Hong Kong language, which you can see on the left, is not intelligible to mainland Chinese.  
 +
File:Glass broken in Hong Kong protests.jpeg|The subway system has been overwhelmed by vandalism. This pane is at Mei Foo Station.
 +
File:China_Liaison_Office,_Hong_Kong.jpeg|The "local government" headed by Carrie Lam is a front. This tower in Sai Ying Pun is the city's real center of power. It is the "secret" headquarters of the Communist Party.
 
</gallery>
 
</gallery>
  

Latest revision as of 06:42, November 7, 2023

Icon-team.jpg
This user is part of the CP Civility Association.

Here are my American Thinker articles: https://www.americanthinker.com/author/peterkauffner/

Back from Hong Kong

I'm back from Hong Kong and it was certainly quite a week to be there (Oct. 1-7). Hong Kong was once a British colony, but it has been ruled by China since 1997. The city has a unique "one country, two systems" form of government that allows a British-style legal system to flourish despite the fact that the local government now works for the Chinese Communist Party. There have been pro-democracy protests in the city since an extradition bill was proposed four months ago. The protests mushroomed after Carrie Lam, the city's hapless chief executive, issued a decree banning masks on Oct. 5. Vandalism was so intense that the entire subway system had to closed for the first time in its history. Not only that, but the city's High Court is likely to overturn the decree.
As if protests and tear gas weren't enough, Hong Kong faces another serious problem: The city is experiencing one of the largest housing bubbles in economic history. Rising land values make the rich richer and leaves young couples unable to afford homes of their own. Everyone wants a piece of the action, including Chinese President Xi Jinping. Xi has a villa in Hong Kong at Repulse Bay. When I talked to the protesters, I suggested that they take a look at that.

What I have written