Possession Of A Hong Kong Passport Should Mean Residence Rights In The UK

Matt Kilcoyne is entirely correct here in The Times. We said that when we handed over Hong Kong we’d be guaranteeing, as far as we were able, the rights contained within the agreement. Those rights are rather under threat at present, we must do something. As we’ve not enough gunboats these days – nor opium – we’ll need to do something else:

Nearly 200,000 Hong Kong citizens are British nationals. But this is an empty citizenship; they cannot move here, live here or study here.

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Jet Airways’ Banks May Need To Swallow A 75% Haircut On Their Loans

This sounds a little extraordinary, that the varied lenders to Jet Airways will need to swallow a 75% haircut on the loans they made to the company. It’s not on a trivial sum either, Rs 14,000 crore is mentioned as a total sum. The problem here being that there aren’t really all that many assets to back that up. This then telling us something about Indian banking, that politically favoured companies can indeed borrow in a manner that might not be all that economically wise.…

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Another Polio Officer Shot Dead In Pakistan – We Do Want To Kill Off Polio, Right?

That we have our own problems with the anti-vaccine crowd is obvious enough. Those who fail to understand what a bitch Mother Nature is, how she and evolution want to eat your children. Thus they decry vaccines as unnatural and wish to leave their children to the deaths that so many before them suffered:

In the past, our ancestors were subjected to full-strength, undiluted, CFC-free, pure-organic, additive-free natural selection. The biggest recipients were young children, for which evolution had the greatest appetite of all.

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How Silly Is This? Malaysia Subsidises Sugar So Much People Smuggle It

Most of the world is desperately trying to reduce the amount of sugar people eat. There are calls for taxes on anything which does contain sugar, several places – including the UK – have extra taxes on soda pop because of that sugar content and so on. That sugar consumption is already down from historical levels is something people seem keen not to acknowledge.

Then there’s people at the other end of the silliness spectrum like Malaysia.…

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Maybe India’s Right – RBI States Cryptocurrency Adds Nothing To The Economy

This new document from the Reserve Bank of India is less than an outright condemnation of cryptocurrency even while it points to officialdom thinking that way. Other actions also rather show the official disapproval of the new technology. And who knows, they might well be right. It’s not obvious or even apparent that there’s anything in cryptocurrency that is of great use to anyone.

That doesn’t mean that a ban is justified – there are plenty of things which are of no great use which we don’t ban, vide Simon Cowell.…

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A Bangladeshi Parking App Might Not Look Like Much

So, we’ve a little smartphone app that allows you to find a parking space in Dhaka, Bangladesh. Or, to rent out your parking space to someone in Dhaka, Bangladesh. True, the value of parking spaces in Dhaka is not high. They’re in short supply and difficult to find but we’re in a poor country so we’re not talking about vast gobbets of value being added to the global economy.

And yet there is a significant issue here.…

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India’s Jet Airways Suspends Operations – This Is Why We Need Capital And Capitalists

India’s Jet Airways has been in trouble for months now. They’ve been losing money and banks won’t lend any more – sensibly enough, it’s a money pit. All of which is a useful lesson in why we need capital and capitalists. There’s got to be someone there able and willing to cover losses in the bad times – that’s what they get the profits for in the good.

This is the part of the system that some find so terribly hard to understand.…

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Apple To Make iPhones In India – Won’t Make Much Difference To Be Honest

Apple and Foxconn are getting together to fulfill one of the dearest wishes of Modi’s government in India – they’re going to start manufacturing up to date iPhones in the country. That this announcement comes at the beginning of the vast voting exercise that is an Indian general election, well, why not time such announcements for their maximum value?

The thing is that the move isn’t going to make all that much difference. Sure, there will be some dodging of import tariffs but even then it’s not a certainty that Indian iPhone prices will fall:

India has become the fastest-growing smartphone market in the world, while China stagnates and Apple loses share to local competitors such as Huawei Technologies Co.

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To Explain Brunei’s Anti-LGBT Laws Including Stoning For Being Gay

Brunei has just introduced strict sharia law which is what has people like George Clooney demanding that we all boycott the Dorchester. Easy for you and me of course as neither of us has any intention of ever staying at that hotel whatever happens to people in Brunei or the method they use to gain their jollies. It’s as if we’re being urged to boycott caviar, not something most of us will find difficult.

That the imposition of strict sharia is a gross curtailment of civil liberty is obviously true.…

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Of Course India Should Have Sold ONGC’s Oil And Gas Fields To Foreigners

There are those who insist that a national government must own the company which extracts natural resources from the territory of that country. This is not so – for the government already owns the natural resources themselves. There is thus no problem with a foreigner doing the digging or drilling. For the government can always, but always, make sure that near all the profits flow to the government. They do, after all, control the tax system.…

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