Merlin Swire and Carrie Lam
This should do much to improve business confidence in Hong Kong as a transparent, law-governed, international financial center:
The forced public kowtow by Cathay Pacific and parent Swire Group is punishment for the airline’s nonchalance over its employees’ involvement in Hong Kong’s protest movement. […]
- Group chairman Merlin Swire was summoned to Beijing and ordered to fire Cathay’s top two senior managers.
- For additional humiliation, the news was broken by state CCTV before the company had a chance to make an announcement.
- The share price plummeted (sending a message that China could ruin stockholders and perhaps enable second-largest owner state-owned Air China to buy up the remains).
- The SCMP quotes a source as saying “Merlin had to save [ritually dismember] Cathay to save Swire.” Swire’s Mainland interests include property, Coca-Cola bottling and much more. The great and ancient hong had zero choice.
- Top executives Rupert Hogg and Paul Loo have been banished from the Swire Group as a whole. Anyone else who hires them in future will be defying the Wrath of the Panda and will, in Beijing’s eyes, be ‘hostile to China’.
- Hastily appointed replacement CEO Augustus Tang, the SCMP implies, has been chosen for his ethnicity, as a further sign of submission to the Han emperor.
Fascinating to see the iron fist poking through the velvet glove.
From the Washington Post:
From NBC news:
Jeffrey Epstein’s body has been claimed from the New York City medical examiner’s office, a source close to the investigation told NBC News on Wednesday.
Epstein, 66, was found dead by apparent suicide Saturday morning in his cell at the Metropolitan Correctional Center in Manhattan. The center’s warden has been temporarily reassigned, and the two guards assigned to watch Epstein have been placed on leave.
Epstein wasn’t on suicide watch at the time of his death, multiple people familiar with the investigation have told NBC News. […]
The person who claimed Epstein’s body was described only as an “Epstein associate.”
There’s no video. Of course there isn’t.
Hard to really take the US seriously at this point.
Well, this was hard to predict:
I don’t think they’re there for the shopping.
Looks like world is gearing up for a major conflagration:
- Israel is now striking Iranian military targets in Iraq (the first Israeli strike in Iraq since 1981).
- China’s top official overseeing Hong Kong affairs has described the protests as a “color revolution” and apparently suggested that the PLA could be deployed.
- India has decided to revoke the autonomous status of Muslim-majority Jammu and Kashmir, a move that Pakistan deems illegal.
- “Turkey has threatened to re-open the floodgates of mass migration to Europe unless Turkish nationals are granted visa-free travel to the European Union.”
Better get to work on that home fallout shelter…
Is the universe trying to tell us something?
Astronomers were shocked in recent days when an asteroid that some are calling a “city-killer” passed last week within 45,000 miles of Earth — spitting distance in astronomical terms.
Ground-side observers had been tracking a couple of celestial objects that were slated to cross near Earth’s orbit around the same time, but the hunk of space debris, estimated to be between 57 and 130 meters (187-426 feet) wide, was only detected hours before it streaked past Earth on Thursday.
Speaking with the Washington Post, Alan Duffy of the Royal Institution of Australia said that he “was stunned” and that the sudden appearance of the object, dubbed Asteroid 2019 OK, “was a true shock.” It passed “uncomfortably close,” he said. […]
According to Duffy, if it had hit “it would have gone off like a very large nuclear weapon.”
China getting ready to cross the Rubicon?
There is a large-scale strike planned for Monday, so regardless of what happens troop-wise, this situation promises to get even more volatile.
Always impossible to know what’s going on behind the scenes, and results matter more than gestures, but this seems like a good thing. As the saying goes, jaw, jaw is better than war, war. And it’s not all theatrics; grand symbolic gestures can create political space for outcomes that would otherwise be hard to imagine.
I also view it as a positive sign that Mr. “Troika of Tyranny” was off in Mongolia during this event.
Staggering. Are they building a bridge, or a bunch of skyscrapers?
Spectacular drone footage captures the world’s highest concrete bridge under construction. The main tower of the Pingtang Bridge in Southwest China’s Guizhou Province stands 332 meters, as tall as a 110-story building. It is scheduled for completion by the end of 2019.
But wait! It looks like France keeps the crown for world’s tallest bridge:
However, France’s Millau Viaduct, arguably the most photogenic bridge of recent times, has its tallest tower listed at 1,125 ft (343 m), which would put the Pingtang Bridge in second place should all things stay the same by the time the Pingtang Bridge is completed. And while “world’s tallest” may be in dispute, there is no dispute about who leads in the total number of tall bridges. Of the 101 tallest bridges listed on Wikipedia, China has a whopping 66!
More Chinese engineering marvels: