Hong Kong’s de facto central banker dismisses warning by credit ratings agency

Hong Kong’s de facto central banker has dismissed a warning by an international credit ratings agency that a new generation of radical lawmakers could harm the city’s credit rating by resorting to more delaying tactics in the legislature.

The remarks by Norman Chan Tak-lam, chief executive of the Hong Kong Monetary Authority, came after Financial Secretary John Tsang Chun-wah challenged Moody’s forecast that the city’s policymaking could get bogged down by anti-establishment legislators elected last month. Chief Executive Leung Chun-ying took a different approach and said filibustering had harmed Hong Kong’s economy.

Political analysts believe Tsang could challenge Leung in the city’s leadership race next March, and Chan is seen as a top candidate to succeed him as financial secretary. Chan declined to comment on whether he would support Tsang or serve as a minister next year.

Speaking in an interview in Frankfurt last week as he co-led a promotional tour of the Hong Kong Trade Development Council, Chan was asked if he agreed with Moody’s warning about new pan-democratic and localist lawmakers taking up the filibustering torch in the next four years.

“The lawmakers haven’t formally been sworn into office yet, so it is difficult to speculate on their stance on non-political issues,” Chan said.

Citing the United States, he argued that unapproved bills did not necessarily mean a bleak economic outlook.

“Plenty of new policies [can be introduced] without legislative amendments,” Chan said, in reference to a forthcoming scheme that will link the stock markets of Hong Kong and Shenzhen as soon as next month.

Chan added that there would be “negative effects” if lawmakers blocked bills that sought to improve the city’s financial systems. But rather than derailing proposals, Legco had approved several important financial amendments in recent years.


Students Stage Walkout From UK University’s Sexual Consent Classes


Students Stage Walkout From UK University’s Sexual Consent Classes
Rachael Pells writes in the Independent that University of York introduced its first sexual consent talks this term in response to a nationwide clampdown on the supposed “rape culture” on campus.

But great news — there are still a few students in the UK who aren’t robo-thinkers, and they staged a walkout:

Of the students who attended the first session, around a quarter were said to have walked out in protest.One campus activist Ben Froughi, a third-year accounting student, stood outside some of the sessions handing out flyers encouraging students to boycott the sessions.

He told Nouse, York University’s student media outlet: “Consent talks are patronising, If students really need lessons in how to say yes or no then they should not be at university.

“There is no correct way to negotiate getting someone into bed with you. In suggesting that there is, consent talks encourage women to interpret sexual experiences that have not been preceded by a lengthy, formal and sober contractual discussion as rape.

“Consent talks propagate the backward message that all women are potential victims and all men potential rapists.”

The notion that there is a Western culture that promotes rape — that condones and encourages rape — is beyond ridiculous.

Think about that. Do you know anyone or have you even heard of anyone who thinks rape is nothing, that women should be raped, etc.?

There is a culture that believes this — believes that you are rape fodder if you are a non-Muslim — but it is certainly not a part of Western culture in any way, shape, or form.

Janet Levy writes at American Thinker of the Britain’s Muslim sex grooming gang scandal in Rotterham, referencing Easy Meat: Inside Britain’s Grooming Gang Scandal, by Peter McLoughlin:

The backdrop for sexual grooming and enslavement of children lies in Islamic doctrines outlined by McLoughlin. He reviews the pervasive slave-taking history of Islam from the 7th century, as well as Islamic doctrine from the Koran citing Islam’s view of non-Muslims, its treatment of women and sexual slaves, and the permissibility of sex with children by Mohammed’s example with his nine-year-old third wife, Aisha. McLoughlin explains how sex as rape has historically been used as a weapon of war to assert Islamic supremacy. Islamic doctrine encourages the rape and enslavement of non-Muslims, even with married infidel women as a legal and moral enterprise.Further, the required first and foremost allegiance to the Umma, or Muslim community, and the inbred obligation of enmity toward non-Muslims facilitates the pimping of non-Muslim girls and hinders any attempts at exposing its criminality and eventual prosecution. Sexual slavery has historically been used as a religious weapon to advance the domination of Islam.