Feeling very unambitious with the cold and wet weather. Though I grew up in the relatively harsh winters of New York City (yeah, I know, try telling that to someone in Siberia or Chicago) I’ve become so acclimated to the HK climate that 11 degrees Celsius now feels like frostbite season to me.
Anyway, some misc notes ….
Probably the only record release delayed longer than Guns ‘n Roses’ Chinese Democracy is Neil Young’s Archives project, which I think was first supposed to come out around 30 years ago. It might finally come out this year, though I wouldn’t bet the farm on it. Neil Young is also famous for his hatred of the compact disc as a music medium, and has now declared that Archives will not be released on CD – only on DVD and Blu-Ray.
Blog io9 has the tagline “Strung out on science fiction” on their masthead. The blog comes to us from the same company that gives us Gawker, Defamer, Fleshbot, Gizmodo and Gridskipper, amongst others. Sure it covers movies, TV, comics and books. But it seems to have something more going on which may make it a bit more interesting. Recent posts have included:
- The Future Will Taste Like Space Food Sticks
- Everything You Need to Know About the Madness of Nikola Tesla
- Gas Clouds Implode in the Star Factory
- Japan’s Wackiest Inventor Saves the World With Super Viagra
Kind of a nerdier BoingBoing, I suppose. But worth checking out.
If I was still the old Spike, then The FARANG Speaks 2 Much would be one of my favorite blogs. These days I read it as an exercise in nostalgia.
Would also recommend that you read the latest post from 10thingsihateabouthongkong. This whole real estate thing in HK is driving me buggy as well. I think Hemlock used to infer that sooner or later HK will become so expensive that all of those in our service economy will be commuting from Shenzhen. Or, I suppose, Tin Shui Wai. Further reinforced by an article in HK Magazine that says that people working for food chains such as Cafe de Coral earn less than HK$5,000 per month.
Taxi fares, which haven’t gone up in ten years despite increases in costs for things like fuel and insurance, are going to rise a whole US 13 cents per ride this year. I think the average taxi driver only clears about HK$200 per day, working a 12 hour day and working a 6 or even 7 day week.
Add to that the destruction of Wedding Card Street, the planned destruction of Sneaker Street and various other market streets for no good reason in an attempt to eradicate the past and make every street look like every other street, down to Disney-style recreations of a storybook past. Unqualified bureaucrats get to issue these plans to justify their phony baloney jobs and are supported by a non-elected non-representative government that is in the pocket of the major real estate developers who are the only ones who stand to profit from this.
And because local people worship money, the people who buy these shoddily constructed flats then turn around and attempt to charge more than the market will bear in rental so that they can become mini Li Ka-Shings themselves, further adding to the general misery.
My landlord, who is a gentleman and a scholar, especially in comparison to most other landlords, has raised by rent by only 10% each time he’s renewed my lease. 20% increases are more common this year. Why any increase at all? The underlying fundamentals haven’t changed – his monthly expenses on the flat haven’t changed. I can escape this amusement park ride by buying a flat – yet I’m convinced that everything is overpriced, approaching a bubble that will burst.
The stock market has become a dare devil roller coaster ride. After dipping down by close to a third in the past month, it has become subject to extreme daily movements – Thursday one of the biggest percentage and point losses in history. Friday back up by 1400. Monday back down by 1300. Today up by 240. People with vested interests declare that the market will hit 35,000 this year but the fundamentals aren’t there to support it.
So it’s becoming just like that old US Depression-era song, How Can a Poor Man Stand Such Times and Live. I predict the middle class in Hong Kong will soon be wiped out. Hong Kong will be the playground of the super rich and those who are allowed to stay because they service the rich in a variety of ways.
But I fear that as the “have nots” increase in number, then something that Beijing fears the most, social instability, will raise its ugly head.
Okay, so I’m a little cranky today. I’m sure I’ll feel better after it warms up a bit and I get some sleep.