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21.09.26 - 09:06
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Once the world′s most-visited city, Hong Kong now converts hotels into student dorms (SCMP)
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Late last month, an open tender for Hotel Cozi Harbour View in Kwun Tong was announced, with interested parties given until October 15 to submit bids.
The 598-room hotel, located in Hong Kong's eastern Kowloon Peninsula, a former industrial area, was taken over by Nanyang Commercial Bank for HK$1.87 billion (US$238.4 million) in 2025, with the bank now looking to dispose of the asset to the highest bidder.
Just a week after the announcement of the tender, Nina Hospitality, one of the largest......
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20.09.26 - 16:42
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Meta launches legal challenge against UK media regulator over Online Safety Act (The Guardian)
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Action against Ofcom comes as social media companies are being accused of using courts to slow down implementationMeta has launched a fresh legal challenge against Britain's media regulator in the latest of a slew of actions by social media companies who are accused of using the courts to slow down implementation of the Online Safety Act.Lawyers for the parent company of Facebook served notice during the week in an appeal against placing WhatsApp and Instagram, which are also owned by Meta, in a category that subjects them to additional duties. Continue reading......
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18.09.26 - 20:13
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K-Shaped Economy: Reality Or Media-Driven Perception (ZeroHedge)
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K-Shaped Economy: Reality Or Media-Driven Perception
Authored by Lance Roberts via RealInvestmentAdvice.com,
“What the K-shaped economy gets right, what it exaggerates, and what believing the worst version is costing a generation.”
The bottom half of American households owns about 2.5% of the nation's wealth. That number is real, and it ought to bother you. However, that number is also higher than it was in 2019 and 2015, and roughly six times higher than the 0.4% low it hit in 2011. You will not read that in many places because it doesn't “fit the narrative.”
Unfortunately, the K-shaped economy headlines have settled into a single unvarying note, and after a while, people stop hearing anything else. I've spent the past several weeks working through the underlying data. While there is some truth to the coverage, most of the claims are exaggerated for “clicks and views.” But the psychological damage is clear.
So, before we get into our discussion, here are some numbers for y...
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17.09.26 - 08:18
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Peers call for UK to enact tobacco-style ban on gambling advertising (The Guardian)
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Lords' report faces criticism from lobby groups after suggesting ban would be 'most effective' way to reduce public harmsThe UK should introduce a ban on almost all gambling advertising to protect public health, a cross-party group of peers has urged, prompting fury from the lobby group for bookmakers and casinos.In a 173-page report, the House of Lords liaison committee said the government had been “too passive” in response to an explosion of digital advertising and social media influencers promoting the gambling sector. Continue reading......
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