Word: kong
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...markets has dented fund performance and fractured investor confidence. In September alone, $43 billion fled the $1.7 trillion industry, according to TrimTabs Investment Research. "Hedge-fund investors are losing so much money elsewhere, they're shooting first and asking questions later," says Robert Howe, a fund manager in Hong Kong...
...minimum of about 8% - in part to forestall the labor unrest that Beijing fears could spread and turn into protests against the ruling Communist Party. Despite its domestic agenda, the stimulus package has been warmly welcomed overseas, too. The day after it was revealed, share prices from Hong Kong to London surged. And by again taking action along with the rest of the world (Beijing had previously cut its interest rates in tandem with central banks in other capitals), China is reinforcing its stated willingness to step up and help rebuild the global financial system...
...they returned to their downward drift. But the impact of the stimulus will last far longer because it marks the shift of China's economy away from manufacturing and exports to other means of growth. Says Ben Simpfendorfer, a China economist with the Royal Bank of Scotland in Hong Kong: "In a decade we'll be looking back at this moment and saying, 'This was it, this was when things really changed.'" The number doesn...
...world for 10 or 15 years at a time. The government rightly applauds "Overseas Filipino Workers," or OFWs as they are commonly called in the country, as heroes for the sacrifices they make for their families. But while children whose mothers are nurses in Canada or housekeepers in Hong Kong often go to good private schools and have MP3 players, there is a growing sentiment that trading global dollars for a generation raised on cell-phone minutes is a raw deal. Carandang, who works with families of migrant workers, named her most recent book after one boy's lament...
...laughing - hang around, trying to draw out their last moments together. "This is normal," says Amie S. Catigbe, who has just parted with her sister again. "Everybody hugging, crying." She winces. "Sad." On the tarmac, planes are ready to scatter families to Dubai, to London, to Rome, to Hong Kong. Women sit in window seats, bracing themselves for another year, or another three years. As night falls, they watch Manila spread out beneath them. The lights of their houses are on, but the lights of their homes are already gone...