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Economist Podcasts

Break a LegCo: Hong Kong’s protests boil over

Economist Podcasts

The Economist

News, News & Politics

4.35K Ratings

🗓️ 2 July 2019

⏱️ 21 minutes

🧾️ Download transcript

Summary

Protesters are in a defiant mood—a hard core of them has smashed up Hong Kong’s Legislative Council. But demonstrations aren’t going to make the territory any more free. The state-owned investment vehicles known as sovereign-wealth funds are usually cautious; those of the Gulf region are proving much more adventurous and less transparent. And, a look at the future of New York’s island of the dead

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Transcript

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0:00.0

Hello and welcome to the Intelligence on Economist Radio.

0:07.3

I'm your host, Jason Palmer.

0:10.0

Every weekday, we provide a fresh perspective on the events shaping your world.

0:18.1

The oil-rich states of the Gulf are slowly starting to diversify their economies,

0:22.7

in part using sovereign wealth funds.

0:25.5

These state-owned investment vehicles usually put their country's cash in safe, stable assets.

0:31.3

But in the Gulf, the funds appear to be a bit more adventurous, and a bit less transparent.

0:37.4

And Heart Island in New York City has become the final resting place a bit more adventurous and a bit less transparent.

0:43.0

And Hart Island in New York City has become the final resting place for hundreds of thousands of the city's unclaimed dead.

0:45.3

It's run by the prison service, so visiting is as hard as getting into Rikers Island, the nearby

0:50.9

penitentiary whose inmates bury the forgotten for a dollar an hour.

1:10.4

But first...

1:10.6

Protesters' protesters have stormed and vandalized the legislative building in Hong Kong

1:18.7

in a day of demonstrations that has further shaken the city

1:25.8

Yesterday began with a ceremony attended by the government's chief executive, Carrie Lamb,

1:30.6

to mark the 22nd anniversary of the territory's handover from Britain to China.

1:35.3

But on the streets outside, pro-democracy demonstrators,

1:38.8

most hiding their faces with masks were squaring up to police armed with pepper spray and trunchions.

1:43.6

Thank you. masks were squaring up to police armed with pepper spray and truncheons.

1:52.7

By the early evening, the protesters had smashed their way through the glass doors of the legislative council, or Legco, and into the chamber used by Hong Kong's 70 lawmakers,

1:58.4

including Democrats and pro-Beijing members.

2:07.1

Some sprayed anti-government graffiti on the walls. Others read out their demands, which included

...

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