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"hong kong elections pro democracy" Discussed on Up First

Up First

03:23 min | 7 months ago

"hong kong elections pro democracy" Discussed on Up First

"All right. In Hong Kong Elections Pro Democracy voters turned out in record numbers to deliver a message to China. Yeah Pro Democracy candidates defeated longtime occupants of local local council seats throughout Hong Kong. This was seen as a symbolic referendum for the anti-government movement. We should say the Anti Central Government Movement now in a statement today. Hong Kong's leader who is backed by Beijing by the National Government in China said the government will respect the results of the election. Carrie Lam said the Hong Kong government will quote listen to the opinions of members of the public humbly and seriously reflect all right. We've got NPR's Emily Emily Fang on the line from Hong Kong. Emily you are out in the world. Tell me where you are. First of all. We're right outside Polytechnic University. Where about about sixty? Some newly elected pro Democratic district councillors are trying to go. She access to this campus since Sunday. Dozens of protesters have barricaded themselves inside and refuse to come out and district councillor. Say Their First Acting Office is to negotiate their way in and bring these people out So just talk about the results votes here. I mean this is this is a huge surprise is not wasn't a huge surprise but definitely exceeded expectations of pro Democrats. Now have eighty six percent of district council seats if you look at the map of Hong Kong right now. It is all pro-democratic set for the very fringes of Hong Kong voter turnout with a highest ever has been in any election in Hong History at seventy one percent and so now everyone's looking to twenty twenty two which is when committee chooses. The city's next leader district councillors. Don't make policy. But they do have one important unsponsored -bility they make up just one tenth of that committee that chooses the leader but there's a lot of excitement overhanging. That excitement is that a handful of protestors are still trapped on his campus. And I'm standing right outside of and so today District Councillors side. I went to a lunchtime protest and I spoke to a twenty six zero financial analysts Jackson. Awesome Chang who said he elections him were a bittersweet victory. I was happy owned by the time of what we have paid for for for such. We're paying a lot of such without so we deserve. That's so that's that's that shouldn't be an expense visit surprise. He's saying that they've I paid a lot for such results That they paid in terms of the lives of these protesters were trapped inside this campus. Now and that's why hundreds are here trying to rescue them. So what what. What is the official reaction from Beijing from China's central government? If anything at this point while there's been no official state response but state media has not been pleased. They've accused choose the quote West for meddling in the election for the results. Harry lamb notably Hong Kong's chief. Executive has not come out and made a live statement. She released a statement saying that she would reflect on the election results But what the elections show was the collective power of the Hong Kong people is is quite unified and this is my Hong Kong and Beijing are an impasse. As for Hong Kong. They think democracy works yesterday. Elections were incredibly orderly. They were no protests but the results were surprising they were open ended and stunning and Beijing. Just can't at tolerate that kind of political uncertainty. NPR's Emily Fang in Hong Kong. Emily thanks for your reporting. We appreciate it. Thank you.

Hong Kong Hong Kong Elections Pro Democr Emily Emily Fang Beijing Hong History China National Government Central Government Movement Chang NPR Democratic district Carrie Lam Polytechnic University Jackson Harry lamb
"hong kong elections pro democracy" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

05:13 min | 7 months ago

"hong kong elections pro democracy" Discussed on WNYC 93.9 FM

"I'm Steve Inskeep and I'm Rachel Martin the morning the civilian head of the navy is out of a job Richard V. Spencer is his name he was caught between the president above him and the people in uniform hello now the original dispute here is clear the navy wanted to discipline Eddie Gallagher there was a navy seal accused of war crimes president trump wrote on Twitter that Gallagher should escape that discipline but the resolution here is confusing mark asper he's another top civilian the secretary of defense Richard Spencer's boss mark asper alleges that the navy secretary interfered with the military process he says Spencer tried to work out a compromise with the president and that was wrong so Spencer has been dismissed but having done that mark asper himself decided in favor of the president and said Eddie Gallagher will remain in the service okay we've got NPR's Pentagon correspondent Tom Bowman with us to help us understand what's going on here because it is confusing Tom can you just start off by explaining based on what Steve just outlined did the secretary of the navy lose his job because he publicly dis disagreed about how to hold Eddie Gallagher this disgrace navy seal accountable or did he lose his job because he broke the chain of command in boxing the secretary of defense out or both yeah I think it's probably both and it's really not clear again as for said you lost faith in the navy secretary Spencer the again the city talk publicly about having a review board to determine whether Gallagher would remain a seal but then told the White House there was a way out he could retire and keep his seal insignia but what espers of folks are saying I'm sorry Spencer's folks are saying is it Spencer talk to experts reviewed other similar cases including the cases of marines urinating on dead Taliban in essentially found a compromise out of this so it's it's hard to say if if it's a chain of command issue or this this compromise what's interesting though is Spencer's letter to one to trump basically says to the president deserves a navy secretary who is aligned with his views on the future of our force which is similar you may remember to a letter former defense secretary Jim Mattis road the president nearly a year ago right but it it this one even goes further I would argue I mean Spencer's writing here the rule of law is what sets us apart from our adversaries good order and discipline is what is enabled our victory against foreign tear anytime to get and goes on unfortunately it's become apparent that in this respect I no longer share the same understanding with the commander in chief I mean what is been the response to all this Tom will do that echoes what other officials are saying there's a great deal of concern in the special operations community about there's been a number of these cases so what what's going on here is it after eighteen years of war the standards of being lowered our junior officers and non commissioned officers looking the other way for wrongdoing so the head of the special operations command general rich Clark even before all of this mess decided to put together advisory board you looking at those questions do you have a problem in the special operations community and they expect to come up with a report next few months where is Eddie Gallagher and all this clearly he's feeling probably pretty good yeah we'll Gallagher always said he wanted to retire with his honors and here he is speaking on fox news yesterday I don't know how many times I think the president he keeps the stepping in and doing the right thing and I just wanted to I want to let him know that the rest of the seal community is not about this right now they they all respect the president and with the admirals doing complete showing complete insubordination is not a good example of good order and discipline it again what the espers saying is is good it's curious because he's allowing a Gallagher to keep his insignia and that's that's just kind of art here right and there are are are plenty of other military officials who would argue the opposite thought it was Spencer who is upholding the military's a conception of good order and discipline and pierced Tom Bowman thanks time we appreciate it you're welcome all right in Hong Kong elections pro democracy voters turned out in record numbers to deliver a message to China yeah pro democracy candidates defeated long time occupants of local council seats throughout Hong Kong this was seen as a symbolic referendum for the anti government movement or we should say the anti central government movement now in a statement today Hong Kong's leader who is backed by Beijing by the national government in China said the government will respect the results of the election Carrie lam said the Hong Kong government will quote listen to the opinions of members of the public humbly and seriously reflect alright we've got Emily's amylase NPR's Emily Feng on the line from Hong Kong Emily you are out in the world tell me where you are first of all we're.

Steve Inskeep Rachel Martin Richard V. Spencer president eighteen years
"hong kong elections pro democracy" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:27 min | 7 months ago

"hong kong elections pro democracy" Discussed on Bloomberg Radio New York

"Get a news update with that Baxter in San Francisco all right thank you very much Brian as we've been talking a huge turn out Hong Kong elections pro democracy candidates poised to win a majority land slide as a matter of fact chief executive Carrie lam says she will listen to the district council members and the Bloomberg got news of print side of all of our Bloomberg platforms as one line and that's saying a stunning repudiation of cities Beijing backed government China's state media has stepped up criticisms of the U. S. and accuse it of meddling in China's domestic affairs the chair of the US house intelligence committee Adam Schiff says the inquiry into Donald Trump may go longer than the impeachment process itself president of turning Rudy Giuliani's made a couple of claims today saying as insurance policies both of Donald Trump dumps them and then if he should disappear he says they'll be a release of what he calls a Biden papers UK prime minister Boris Johnson laying out his party's manifesto today more police better education money for internships no rice the national debt no raising of taxes former New York mayor Michael Bloomberg announcing today that he's running for the democratic presidential and a nomination Michael Bloomberg is founder and majority owner of Bloomberg LP the parent of Bloomberg radio and pope Francis has visited her Oceana and Nagasaki paying homage to those who died from nuclear weapons near the end of World War two in San Francisco I'm at Baxter this is number Paul all right thanks very much for that aid to let's get back to the political story in Hong Kong now now one of the young activists that won his seat Tommy Chong see are you in he's calling this a tsunami joining us for more on this is Bloomberg in my life he's been following these elections very closely the end symbolically a huge results for the pro democracy forces in Hong Kong but we do have to keep in mind that the the district council is there have too many real powers but they may have some influence on who the next chief executive this can you explain to us how this works yeah absolutely the district councils themselves control sort of community that level policies so parks you know community programs that sort of thing but as a whole the eighteen district councils help appoint a hundred and seventeen of the members on this twelve hundred member committee that then selects the Hong Kong chief executive so last time when Carrie lam the current chief executive was was was nominated went through that process she got seven hundred and seventy seven votes it's it's a service straight you need six hundred fifty percent of the vote to to get appointed so if you want to remove those a hundred and seventeen votes and give them over to the the the pro democracy camp which generally opposes at China's use here you get into the realm of say six fifty seats you know six hundred seats and that's a it's an iffy proposition for Beijing and and especially when it comes time it comes to Hong Kong democracy Beijing likes a hundred percent certainty so we're talking about to two point nine million voters more than seventy percent of all those eligible in Hong Kong we've been focused on the landslide victory for pro democracy voters what about pulp pro establishment what about the other side of the story what are we hearing yes there I mean I've lost they they they dominated they have dominated these councils for years and it's something like you know fifty sixty people winning their seats it's a low low number compared to what they had before and that that it removes an element of certainty that that the that the Hong Kong government could take when they were rolling out policies to to the districts here and and won pro democracy lawmaker this morning made the point to me saying look they have because they control these councils over the years that actually given sort more powers a little bit more funding a little bit more influences some these councils because they were sure that they would do what they wanted and now we're in a situation where they're controlled completely by the opposition effectively so it's they now have slightly more power than they have in the past and are completely controlled by the opposition so even though the legislative councils more powerful it can steamroll over them if they want these are the representatives of the district's it's it's the lowest level of the box you get in Hong Kong so if you start steamrolling over these district councils you know with land projects land reclamation projects any of the big things that happen in Hong Kong it could look really bad and it could potentially spark you know protests in the future during all the unrest that we've seen that China has consistently pointed to the U. S. state using the phrase of the black hands behind all the drama that's been happening in Hong Kong now we do have that bill now the amendment to the Hong Kong policy act now president trump said desk which effectively supports the protesters and Elizabeth Warren tweeting that this is a powerful message for democracy so you can you say with any certainty with the foreign influence had any impact here I'm just trying to have a point I think I think there's been no evidence so far I think there's been lots of accusations from from the from the Beijing side to say you know stop meddling that they've they've talked about Taiwan potentially having influence here I've also talked about the U. K. because of the the colonial history here and there's always the case of the U. K. consulate worker going missing in in mainland China coming back alleging torture so they've been lots of allegations but there hasn't really been.

Baxter San Francisco Brian Hong Kong six hundred fifty percent hundred percent seventy percent
"hong kong elections pro democracy" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:56 min | 7 months ago

"hong kong elections pro democracy" Discussed on Bloomberg Radio New York

"Standings in top twenty five college basketball number seven Virginia barely beat Arizona state forty eight to forty five number twelve Texas tech trance line while in Brooklyn ninety six sixty six to improve the five no I'm Donna page that you're Bloomberg in B. C. world sports update market twenty four hours a day at work dot com the Bloomberg business all right seventeen past the hour you know well that the US China trade issue remains on the front burner for markets and over the weekend China was saying it will raise penalties for violations on intellectual property rights now this clearly addresses one of the sticking points in trade talks so a little bit of positivity is beginning to creep in we've got risk on now across the APEC region notably in Seoul where the cost be is up one point two percent market in Hong Kong will come on line at the bottom of the hour futures for the hang sang have us up about seven tenths of one percent pulled back in the end here given this risk off mood or responded I should say one oh eight seventy nine and as a result of the Nikkei's up nine tenths of one percent meantime in Sydney the ASX two hundred is higher by about six tenths of one percent tomorrow is the first day of trading that is Tuesday in Hong Kong for the what is really a secondary offering although they're calling it the I PO for Hong Kong in shares of Ali Baba the retail portion we're getting indications it's been oversubscribed and covered by about more than forty two times eleven point two billion shares sale that's U. S. Levin point two billion dollars is going to leave Bob with about forty three billion in cash U. S. ten year treasury right now in the Tokyo session with the yield of one point seven seven percent let's get some global news ferment Baxter who's in the Bloomberg nine sixty newsroom in San Francisco Eddie all right will do Douglas with a huge turn out the Hong Kong elections pro democracy candidates boys to definitely win a majority chief executive Carrie lam says she will listen to the district council members kind of state media has stepped up criticisms of the U. S. and accused it of meddling in China's domestic affairs the chair of the US intelligence committee Adam Schiff says the inquiry into Donald Trump may go on longer than the impeachment process itself the president's attorney Rudy Giuliani has made a couple of claims today saying he has insurance policies both if Donald Trump dumps him and then they should he disappear he said if that second scenario what happened he that there would be released of papers on the bidens UK prime minister Boris Johnson laying out his party's manifesto today more police better education money for internships no rise on the national debt and no raising of taxes former New York mayor Michael Bloomberg announcing today he is running for the democratic presidential nomination Michael Bloomberg is founder majority owner of Bloomberg LP the parent of a Bloomberg radio and pope Francis has visited Hiroshima Nagasaki today paying the paying homage to those who died from nuclear weapons near the end of World War two global news twenty four hours a day on Erin a tech talk on Twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in San Francisco I'm at Baxter this is Bloomberg Jews Lee yet thank you and let's get back to a conversation may June by live portfolio manager Trevecca investment pot as much okay of course about trade and also monetary policy from central banks around the world we both though is a fact is in play you say that said there is still a little ball bit of volatility ahead but are you expecting global markets to continue to ground grind higher we have seen there on course to round out a third month of gains in November that's right look at lower interest rate around the world certainly support the asset valuation and that's why we see the improvement in the equity market despite the uncertainties with the break that the the trade of course so with without any deal we do expect the equity market declines slowly up but you will have some sort of volatility just on the headlights interactivity go she ation but if we do have any sort of deal that possibly looking at more like the next year you said they would see the risk on that's that is that the risk appetite out because quite meeting do we have anything to fear from Chinese growth dropping below six percent look isolate that China the people always always worry about the headline was to be slow but don't forget China's enormous economy now you know for it to grow at below six percent say five and hobby deals very long very far west and during that does that five and a half percent the growth will be shifted more towards Chris you are as well rather than the manufacturing so so you know for for this issue affect that eight business is related to that but bunch is actually very very good news in my opinion I think that this go down eight just normal and you know the world really did have to adjust to it and will ship this would be the service oriented economy in the future what sort of said that a stimulus to expect from the pay BOC given they have been I guess you know kind of very slowly moving the NATO particularly when it comes to some of these interest rates like the M. L. F. and the okay all right yeah absolutely look at market was expecting sort of be good deals in ten fifteen minutes a template infrastructure and the like but it doesn't look like it's likely we do think that they will they are more likely to wait for the certainty on the trade front then they can decide how they want to stimulate you know clearly because she will be issue Mari incidents service oriented and that will be at the forefront to that estimate yeah but you know it just really depends on the outcome of the trade deal that would determine the actual sample always because the of the so if we get a phase one trade deal but then if writers is correct that after that there's nothing more until after the election is that something that we can live with that investors can be quite comfortable with particularly of course doesn't drop or is that a major problem look I I don't think it's a major problem I think any any of these steps toward the ultimate trade deal is because it will invest it would take home so if you have a face one trade deal and that then then the investors can look forward to the next stage or even potential possibility of improvement in global growth simply because it's less disruption in global trade so I would think investors will go take comfort in that engine you're based in Sydney where we are seeing this huge ramification in the banking industry at the moment coals for westpac CEO Brian hot set to resign how worrying is what's happening with the big four I mean this is twenty three million accounts of alleged money laundering yeah look it is certainly the severity of the breach of being a very very surprising and the team thank you so I'm single with about a pressure to really you know to really help a best or anyone to understand how those beaches took place of it comes down to poor systems you know poor investment in technology and all of that and the coal culture on that basis so I think the thing a management will be under a lot of pressure to really justify it you know you know how how to justify really why they should hold a position on that they can come out with you know if you can if you can prove that and westpac shares are trading at the lowest level since February Jim Bailey portfolio manager tribeca investment pot is on the line from Sydney there for us here on Bloomberg at daybreak Asia plenty more ahead including the reopen of markets in Hong Kong and.

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