argentina

Don’t Follow Argentina

Next Magazine (2014.11.27, A002, Second Opinion, Bill Stacey) A popular explanation for discontent manifested in protests for democracy is that it results from a wealth gap and rising inequality in Hong Kong. It is argued that bad policy is dictated by plutocrats that have extra votes and the government in theirContinue reading>

pre20090930-2

Vanguards in Our Streets

Next Magazine (2014.10.23, A003, Second Opinion, Bill Stacey) Hong Kong is a miracle. A rite of passage for young western bankers in Hong Kong is the junk trip to Lama with the top management from head office. Two decades ago my CEO, an accomplished head of the then biggest bank inContinue reading>

Art Laffer

False Compassion

Next Magazine (2014.08.28, A002, Second Opinion, Bill Stacey) It is the gift of a great economist to be able to make complex issues simple. Art Laffer reached public greatness with his insight that there is a level of tax rates that is so high that even with higher rates, revenue wouldContinue reading>

破壞法治

Undermining The Rule of Law

Next Magazine (2014.07.31, A002, Second Opinion, Bill Stacey) Mark Twain penned the maxim that “no man’s life, liberty or property are safe while the legislature is in session.” It has always seemed a wise precaution to keep a close eye on what the legislature is doing. Therefore it has been possibleContinue reading>

West Kowloon1

Turn West Kowloon Into A Market

Next Magazine (2014.07.10, A002, Second Opinion, Bill Stacey) Eleven years after closing, there remains controversy about plans to preserve and redevelop the Central Market. At least we now have some rather bold plans, but apparently some people still object to the number of commercial outlets in the plans. So the siteContinue reading>

aud_coverimage

Government Waste Galore

Next Magazine (2014.05.22, A004, Second Opinion, Bill Stacey) In it last Annual Report, the Audit Commission notes that there “has been a significant rise in government spending (from $233 billion in 2005-06 to $381 billion in 2012-13 (an increase of 64%)” and describe the “significant increase in scope, complexity and coverageContinue reading>

healthy-people

Healthy budget healthy people

Next Magazine (2014.04.17, A002, Second Opinion, Bill Stacey) Criticisms of Financial Secretary John Tsang’s Working Group on Long Term Fiscal Planning in the month since it was released have been rather odd. On the one hand there are those, particularly in the English language media, who criticized the working group asContinue reading>

HK_620x250

Dark days in Hong Kong

Next Magazine (2014.04.03, A002, Second Opinion, Bill Stacey) Amidst festivities for the Rugby 7’s and a flash storm on Saturday that brought night to the city in the middle of the day, it would have been easy to miss the international “Earth Hour” at 8:30pm that night. At that hour inContinue reading>

website_rotating_Bill_2013-01-17

A make work scheme for foreign lawyers

Next Magazine (Second opinion A004, 2013.12.19)   Hong Kong’s competition law came into effect on 18 January 2013. Commissioners were appointed from 1 May 2013 and heads of the judicial Competition Tribunal from 1 August. As these appointments take place, it is increasingly clear what the competition law is allContinue reading>