Showing posts with label Hong Kong. Show all posts
Showing posts with label Hong Kong. Show all posts

Tuesday, February 10, 2015

The Booming Business Of U.S. Birth Tourism

By Aimee Picchi, Feb. 9, 2015, CBSNews.com

Expectant parents face a lot of decisions, from what to name the baby to childcare duties. But many Chinese families are adding another twist: Which country to give birth in.

The number of Chinese women giving birth in the U.S. more than doubled to about 10,000 in 2012, up from about 4,200 in 2008, according to CNN Money, which cited Chinese state media. While that's a small sliver of the estimated 16 million babies born in China every year, the boost represents a trend among well-heeled Chinese families who want to give their child the opportunity to secure a U.S. passport.

The trend hasn't only hit the U.S., with Hong Kong seeing a doubling of births to moms from mainland China in 2012, thanks in part to the former British colony's providing automatic rights to the mothers and their babies.


Read the full story:  www.cbsnews.com

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Monday, July 21, 2014

Forbes Magazine Sold to Hong Kong Group; $475 Million Valuation 

Steve Forbes
Forbes Money News, Jul. 18, 2014, Moneynews.com

The Forbes family, an emblem of American wealth and pioneer of business journalism, is giving up control over the media empire it cultivated for almost a century by selling a majority stake to a Hong Kong-based group.

The transaction valued Forbes Media LLC at $475 million, said a person with knowledge of the matter, who asked not to be identified because the terms are private. The agreement, announced Friday, will hand over Forbes magazine and its widely followed ranking of the world’s richest people to a collection of investors led by Integrated Asset Management (Asia) Ltd., founded by investor Tak Cheung Yam, Forbes said in a statement.

Steve Forbes will remain chairman and editor-in-chief, and the Forbes family will hold a minority stake. While the handover is bittersweet, he said it allows the business to move forward.

Read the full story:  www.moneynews.com

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Saturday, April 19, 2014

By Howard Kurtz, Apr. 18, 2014, Fox News

What are the odds?

I mean, Vladimir Putin does a call-in show and one guy who happens to get through—to ask a question in English—is Ed Snowden?

That is one amazing coincidence—almost as amazing as those soldiers who mysteriously materialized in Crimea turning out to be Russian.

In a few moments, Snowden became part of a Soviet-style propaganda machine, even though he clearly views himself as a public-spirited crusader.

After Snowden leaked all those NSA documents to the Guardian and the Washington Post, which shared a Pulitzer Prize this week, he fled to Hong Kong and then to Moscow, which was more than happy to tweak President Obama by harboring him.

But Snowden is clearly drawn to the spotlight, and he played a starring role in Putin’s political theater on Thursday.

He gave the Russian leader a chance to beat his chest about how moral he is, compared to the bad old USA.

Keep in mind that Snowden is not just some zealous activist. Some people think he’s a traitor, others think he’s a hero sparking a global debate. But there is no dispute that he is a fugitive from justice.

Nor did he just ask a question. He gave a little speech, saying that White House and other reviews of the NSA surveillance program had concluded “that these programs are ineffective in stopping terrorism. They also found that they unreasonably intrude into the private lives of ordinary citizens.”

Having delivered his anti-NSA spin, Snowden serves up the pitch for Putin to hit: “Does Russia intercept, store, or analyze in any way the communications of millions of individuals? And do you believe that simply increasing the effectiveness of intelligence or law enforcement investigations can justify placing societies, rather than subjects, under surveillance?”

What a coup for Putin. And he did not miss the opportunity.

Read the full story: www.foxnews.com


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