Our market-driven educational edge

(Next Magazine, 2015/6/11, A002, Second Opinion, Bill Stacey) Our market-driven educational edge Our government spends 21% of recurrent expenditure on education. This is our single biggest budget item. There can be no doubt that this priority reflects the values of our people. Education has traditionally been seen as a route, ifContinue reading>

Urban renewal needs no grand plans

(Next Magazine, 2015/5/14, A002, Second Opinion, Bill Stacey) Urban renewal needs no grand plans Walk from Kennedy Town to Causeway Bay and you can see our town slowly being transformed. Street by street, block by block, old buildings are being refurbished and new, modern, functional buildings are rising on narrow sliversContinue reading>

Euthanasia of the middle-class

(Next Magazine, 2015/4/16, A002, Second Opinion, Bill Stacey) Euthanasia of the middle-class HSBC was once a small start-up. Early pictures from 1871 show the founding General Manager, Victor Kresser, surrounded by a small group of half a dozen western clerks. Even as late as 1928, the vital local Chinese staffs wereContinue reading>

Tiger by the Tail

Tiger by the Tail(2015/3/12) (Next Magazine, 2015/3/12, A002, Second Opinion, Bill Stacey) The Hong Kong Monetary Authority (HKMA) is concerned about the risks in the property market in Hong Kong. They see the sharp rise in prices owing much to the “unconventional” monetary policies and zero interest rates in the US.Continue reading>

state owned enterprises

Privatize Our SOEs

Next Magazine (2015.01.01, A002, Second Opinion, Bill Stacey) As we seek to heal the wounds of the political divide and show that “one country two systems” might have meaning, we could do worse than focus on removing more activities from the political realm. This is no more important than in theContinue reading>