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The Intelligence from The Economist

Break a LegCo: Hong Kong’s protests boil over

The Intelligence from The Economist

The Economist

News, Global News, Daily News

4.53.7K Ratings

🗓️ 2 July 2019

⏱️ 23 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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0:42.5

Hello and welcome to the Intelligence on Economist Radio. I'm your host Jason Palmer. Every

0:48.3

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

0:52.0

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

1:01.4

using sovereign wealth funds. These state-owned investment vehicles usually put their countries

1:07.2

cash in safe, stable assets, but in the Gulf the funds appear to be a bit more adventurous and a

1:13.6

bit less transparent. And a heart island in New York City has become the final resting place for

1:20.2

hundreds of thousands of the city's unclaimed dead. It's run by the prison service, so visiting

1:26.2

is as hard as getting into Rikers Island, the nearby penitentiary whose inmates bury the forgotten

1:31.6

for a dollar an hour.

1:44.1

But first...

1:50.6

Protesters have stormed and vandalized the legislative building in Hong Kong in a day of

1:57.6

demonstrations that has further shaken the city. Yesterday began with a ceremony attended by the

2:06.4

government's chief executive Carrie Lam to mark the 22nd anniversary of the territories handover

2:11.9

from Britain to China. But on the streets outside, pro-democracy demonstrators, most hiding their

...

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