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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 413.19+1.1%Jan 6 4:00 PM EST

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To: TobagoJack who wrote (134466)7/14/2017 6:43:04 PM
From: John Vosilla  Read Replies (1) of 219061
 
many family economics shall perish

How Leaving China for a Better Life in Hong Kong Backfired
They start sometimes at dawn and work frequently into the night, an army of old workers maneuvering carts around the streets of Hong Kong. Their spines bent with back trouble or simply the burdens of life-long toil, they’re collecting cardboard boxes to sell to recyclers for the equivalent of $2.60 a day.

In Hong Kong, they’re known as "cardboard grannies." They’re estimated by non-government organizations to number 5,000 — a figure almost 40 percent higher than the total of registered Ferraris, Lamborghinis and Rolls Royces seen frequently on the streets of the bustling Asian financial center.

Hong Kong has amassed enormous wealth since its handover to China in 1997, yet it’s also home to an expanding wealth gap, according to the standard measure of income inequality. It has risen to a record in 2017, is the highest in Asia, and exceeds that of the U.S. and Britain.

https://www.bloomberg.com/news/articles/2017-07-12/china-s-property-boom-passes-by-migrants-to-hong-kong
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