Since a low point of Hong Kong’s property market in 2003, average house prices have increased by more than 300 percent, according to data from the Centa-City Index, which is compiled by the real estate agency Centaline and the City University of Hong Kong.
Helping propel this rise has been Hong Kong’s thriving economy, which significantly expanded over the last 10 years after the rapid growth of China. Strong demand from wealthy mainland Chinese and limited land supply have also helped to prop up prices, although this effect has slowed since the government put into effect a series of cooling measures, like additional taxes paid on property purchases.
First-time buyers now dominate the market, spurred on by the ultracheap interest rates.
“The mortgage rate is below 2 percent, so it is very attractive for the buyers,” said Patrick Wong, a property analyst at BNP Paribas.
Uber tends to skirt the letter and spirit of the law. They offer a service that competes with a very overpriced and often corrupt taxi system, but they just move in and grab customers growing to the point where they are a de facto solution. They aren't part of the so-called sharing economy, but rather are a middleman in the contracting referral business. Wall Street loves them and their aggression and is betting they will move into many more business segments.
They have some social problems. Sarah Lacy's story isn't the first, but it is dramatic and has a lot of attention. There is a twitter-storm underway at the moment with links to articles like this , this and this NY Times piece - there will probably be many more.
Should you decide Uber differs from your values to the point where you don't want to use them it has been pointed out that deleting your Uber app is insufficient. You need to go to their site and request to be deleted from their system.
The tech community sometimes believes it is building a new utopia, but it is just regular business and there is a range of human behavior. On the dark end some are robber barons in training and others are already there.
A comment on the phrase 'shared economy' - it isn't. It is just another 'getting paid' economy - one with less regulation and protection. That may or may not be ok depending on the economy segment. Expect to see the likes of Uber push very hard on other segments.
The ruling appears to be fairly narrow, but the National Transportation Safety Board is saying the FAA can define a drone as an aircraft - that it can apply regulation that prohibits reckless operation. The current rules define distance from an operator and altitude. I'm guessing it doesn't have any impact on the commercial operation ban. Many lose items that the FAA needs to address in its final rules.
For what its worth there was enormous confusion over the legal operation of airplanes in the US until the Supreme Court found airspace was a public highway in the public domain. It also found a property owner had rights to airspace above their property to a certain altitude. Unmanned aerial vehicles are a test to this as they often operate below current FAA altitude limits in populated areas. Some operators have been claiming UAVs aren't aircraft. There are any number of interesting issues - privacy, noise (a ten pound UAV can be very noisy - think small leaf blower), endangerment and mode of operation (can UAVs be legally autonomous?) It is likely that lawyers will get involved in individual cases and UAV operators will require liability insurance.