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Wednesday, July 20, 2016

Hong Kong Real Estate Slump Worst In 25 Years


Hong Kong facing weakest real estate market in 25 years




One of the world’s priciest housing markets has seen an unexpected slump, according to first quarter economic reports. Hong Kong is suffering from dwindling retail sales and facing its weakest property market in 25 years.
Another of Asia’s financial-hub, Singapore, is suffering from similar problems, despite seeing a slight economic expansion in the first quarter, according to Bloomberg.
Both countries are being effected by China’s economic slowdown.
“As financial centers, both cities cannot escape the geopolitical and economic forces coming out from China,” said Andrew Sheng, a distinguished fellow at the Asia Global Institute in Hong Kong, who previously worked at the Hong Kong Monetary Authority and Malaysia’s central bank. “So the slowdown will affect them both.”

The No-State Solution to the Israel-Palestine Conflict

Twelve years ago today, the International Court of Justice (ICJ) issued an advisory opinion at the request of the United Nations General Assembly on the legality of the wall Israel has constructed in the West Bank. The ICJ affirmed that all of the Gaza Strip and the West Bank, including East Jerusalem, are “occupied Palestinian territory”, and that Israel’s wall, as well as its settlements, violate the Fourth Geneva Convention.

Fires in central africa

Central and Western Africa are experiencing a massive wildfire outbreak due in part to drought and our ever challenging climate anomalies. This is not only escalating an intense CO2 plum over Africa, it is also adding to the ongoing predicament of our near term demise as a species. Scientists say “..there’s a significant risk that we’ve already hit “the limit” and that a carbon feedback is underway.” No coverage from major news organizations. 

Major Wildfires in Central and Western Africa as Drought, Hunger Grow More Widespread

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