HONG KONG — Thousands of pro-democracy demonstrators at Hong Kong government headquarters braced for a second night of confrontations with authorities Saturday after police arrested dozens during a chaotic protest against Beijing’s refusal to allow genuine democratic reforms in the semiautonomous city.
In a rare scene of disorder, Hong Kong authorities cleared out hundreds of protesters who blocked part of the city’s financial district early Wednesday, a high-profile reflection of rising anxiety over Beijing’s tightening grip on the little enclave of incomplete democracy at the southeastern edge of Communist China.
San Francisco tech workers have no idea why they have become the target of anti-gentrification protests in part because the last time the city went through the creative destruction of a tech boom many of them were still in middle school.
By James Kwak
That’s the title of a post a couple weeks ago by Ezra Klein, in which he interviewed a friend of his who went to Wall Street after Harvard. Having seen this phenomenon from a couple of different angles, I’d say the interview is right on. This is how Klein summarizes the central theme:
HONG KONG — Pro-democracy protesters clashed with police as they tried to surround Hong Kong government headquarters late Sunday, stepping up their movement for genuine democratic reforms after camping out on the city’s streets for more than two months.
Repeating scenes that have become familiar since the movement began in late September, protesters carrying umbrellas — which have become symbols of the pro-democracy movement — battled police armed with pepper spray, batons and riot shields.
Brenda Jubin submits: I first encountered Andrew Redleaf, founder and CEO of Whitebox Advisors, when he was a guest lecturer in Robert Shiller’s Yale economics course, available online. Even though he was somewhat ill at ease in the classroom, he came across as an intriguing thinker.
Hong Kong authorities demolished a protest camp Thursday at the heart of the city’s 2 1/2-month pro-democracy movement but scores of activists taken away by police vowed their fight for genuine elections wasn’t over.
Hundreds of police officers armed with chain saws and bolt cutters methodically dismantled barricades, tore down canopies and removed banners in a daylong operation to shut the protest site sprawled across a normally busy highway next to the specially administered Chinese city’s financial district.
McClatchy Newspapers - WASHINGTON — The Wall Street investment banks at the center of the subprime mortgage meltdown face broadening state and federal inquiries into whether they duped investors into buying dicey mortgage securities or manipulated ratings agencies into bestowing investment grades on those faulty products.