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Monthly Archives February 2014

Too-big-to-fail: Still there

One simple graph by the Thomas M. Hoenig, Vice Chairman of the U.S.’s Federal Deposit Insurance Corporation (FDIC) on how big banks (defined as those with assets over $10 billion) in the U.S. have become bigger and bigger in the past three decades. Simon Johnson summarizes his observations nicely: The facts may startle you. In 1984, […]

Cantonese in Hong Kong: Not the official language?

Hong Kong’s Education Bureau has caused a furore last month by claiming on their website that Cantonese is just a “Chinese dialect” and “not an official language” of Hong Kong. According to them: Although the Basic Law stipulates that Chinese and English are the two official languages in Hong Kong, nearly 97 per cent of the local […]