A growing wealth gap. A chinese editor put the question to her. A growing wealth gap. A chinese editor put the question to Herli Wa Nt To Editor put the question to herli want to give our Younger Generation hoped for the future of hong kong. In terms of the economy the hope lies in diversifying the economy so it is not just lies in diversifying the economy so it is notjust Financial Services and tourism, i want more attention on technology and creating quality jobs for people, for young people. Certainly i i know that housing is important. I want to give young people the sense of hope. And, yet, this generation, some of whom in 2014 spent nearly three months on the street protesting for democracy, they may look at you and say that you have been there for the best pa rt you have been there for the best part of 40 years. It had the housing job, the developmentjob and now you are saying you are going to sort this out . The root of the problem is the politics because hong kong is a stitch
System to unlock the new iphone and digital payments. Coming to you from bloombergs headquarters in new york. I am betty lou. Yvonne i am in yvonne man. Inflation data out of south korea. Pretty much a miss when it comes to the year on year figures. We have pretty much been around the 2 target for this year already. We are falling about. 1 . Not too much to be worried about. There has been a lot of centralbank hawkishness. Are they ready for some tightening as well . We heard from the governor last month. It could be well on track if this economy recovery continues here in we will see how that plays through. Betty it is interesting. We are paying so much attention to these Inflation Numbers. It looks like were seeing this global tightening trend. People are doubting fed tightening trends. The one who started it is now falling behind, perhaps. Yvonne more selective when it comes to data dependency. They are not looking for these recent inflation trends. Lets look at how things are playi
Dozens of jobs said to be on the line in middle and upper management. This is Bloomberg Markets middle east. Now seeing asian equities gain ground for a second consecutive session, but not such an exciting session today. Markets are rather quiet. We are looking ahead to the u. S. Earnings season, not to mention we do have u. S. Policymakers speaking, including fed chair Janet Yellens report to congress this week. Leading gains in volatilities rising in the halfing and sex in the hang seng index. The nikkei pushing ahead. 5 after 20,000 level. We do have a weaker japanese yen for a third consecutive session, nearly twomonth low. It is still rather muted when it comes to currencies across asia. The kiwi dollar leading declines. We saw week retail spending we saw weak retail spending hitting a nerve there. We are also seeing brent to treasury yields rebounding in the asian session. We are seeing a mixed debt market for asia. Yousef this part of the world, we are just two unders just under
Test. Test. Test. Test. Test. So, i think to answer that question, its important that you understand the nature of the corruption thats in afghanistan. So corruption is like a disease and there are different kinds of disease, all right . One of the problems with using the term corruption is its this big banner that can mean anything from sort of low level shakedowns at check points all the way to a cleptocratic form of government. Low level is illegal and not tolerated by the system is actually very easy to deal with. Corruption by sort of individuals that when the larger context of the system is corruption is not tolerable, you can eventually put enough pressure on those individuals and deal with the problem. When its in a sector like the ministry, thats an even more aggressive form of the disease. It could be treatable if you isolate it. If youre a crelecleptocracy. The difference between patronage is that money flows from the top down and loyalty goes up. And in a cleptopracy, goes
Be sure to watch washington journal at 7 00 a. M. Eastern. Join the discussion. A former u. S. Ambassador to afghanistan and a former undersecretary of state, talking about the ongoing contact this conflict between u. S. Role in afghanistan. It is hosted by the center for new american security. Good afternoon, i am the ceo. We are delighted that you could join us today. A rollout of the new report that we have done on afghanistan and the way forward. We were thinking about the president ial , it seems that afghanistan as it were to continue 16 years of the strategic leadership group. Also a former military officer told four times in afghanistan. Pioneered a new approach to counterinsurgency in many case studies and books as the model for how it can be effective. He went on to be a season advisor for general pates. Im fortunate to have him as my Senior Adviser on policy for afghanistan and pakistan. A natural and match a natural and national treasure. Within weeks we hope he will be a n