By Xinyan Yu
Hong Kong, Oct. 14th- The eurozone needs a “muddle-through strategy”, for neither creating a fiscal union nor dismantling the single-currency system will save it from debt crisis, Hugo Dixon, editor of Thomson Reuters’ Breakingviews, said in a speech at the Foreign Correspondents’ Club yesterday.
The muddle-through strategy, which includes allowing Greece to default in a controlled fashion, recapitalizing banks, and preventing the other countries like Italy from falling deeper into crisis, is going to be “the eurozone’s coherent way forward that could bear overdue long-term benefits”, said Dixon.
To explain the root of eurozone’s debt crisis, Dixon observed that the muddle-through strategy deals with more of a political problem than an economic one, and even if Europe is going to pull through in the end, it is not going to be a pretty battle.
Drawing a lesson from the 1930s Great Depression, Dixon said that the eurozone needs to first avoid an economic meltdown, especially the collapse of banks. Secondly, it should avoid resorting to protectionism, since the world is so intertwined that such a solution would benefit nobody. Thirdly, it ought to “build for the future”, making Europe’s current financial and political systems fitter when an upswing happens. Read the rest of this entry »
This is a sound slide made for my Online Journalism class at the Journalism and Media Studies Center of the University of Hong Kong.
We simulated the experience of a handicapped student going from HKU’s east gate to the Swire Hall, which usually takes five minutes to climb to. This simulation is conducted to find out whether it is difficult for handicapped students to get around campus, and most importantly, pinpoint the problems of school facilities for disabled students.
Student one: Jinting Peng
Student two: Connie Tse
Pictures: Xinyan Yu, Jaime Chua
Audio Editting: Xinyan Yu
While protesters are taking on Wall Street in the United States, the Journalism and Media Studies Centre(JMSC) at The University of Hong Kong screened the thought-provoking documentary Inside Job to its students, helping them better understand what happened with the global economic recession in 2008. Inside Job was the 2010 Academy Award Best Documentary Feature winner.
The screening was attended by students mostly interested in finance and business journalism. “It’s a very persuasive and symbolic documentary. I would recommend it to all students interested in finance,” said Isak Ladegaard, a third-year student at HKU who wants to pursue a career in finance journalism. Read the rest of this entry »