1) Small investors are rebelling and doing silent protests in front of banks. One of such bank is Bank of China Hong Kong. Investors were barred from entering the bank to demand compensation on the minibond backed by Lehman. They claimed the bank employees had misrepresented them that these bonds were low risk, as recent as this July. There were some retirees sinking in more then HK2.0 Millions hoping for a safe, low risk, decent rate return for the retirement life. This no more. I can see their side of the story as I was being pressured to purchase HSBC's mutual funds. I declined after sitting there for an hour. Stay tune if the gov't will help out. I think NOT.
2) The sales of new apartments in HK has dropped 30% year over year for the same period. Gee... I wonder why.
3) The Chengdu city gov't has mandated students must run to get fit in preparation of the 60th anniversary next year of the comm*** party rule. The run is stemmed from that school kids are too fat and obese. Young ones must run 1K daily while older kids (secondary school) must run 2K daily. Umm... I wonder if those fast ass comm*** party will run with them or just sit around smoking.
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