Q. I have a Sony Cybershot DSC w80 with a SanDisk Memory Stick PRO Duo 2GB. I was erasing pictures from my trip in Brazil, and accidentaly I erased "all pictures in the folder" which means ALL OF THEM!! I read the manual before turning off the camera and there is no "undo" function. I could not get them back. So I tok out the memory card with hopes that the data is still on there and can be retrieved in the states via a data recovery expert. Does anybody know about this? Im quite sick that all my pictures from a 3 week trip throuhgout South Amercia are so easily gone with the accidental push of a buton.
A. I did the same thing as you did from my holiday in Hong Kong last year. I accidentally erased my photos too, the good news is, they ARE retrievable as long as you DO NOT take any more photos on top of the erased ones, in other words, dont use that memeory card again. Take your memory card to a camera shop or photo processing place who will do it for you. If you have any problems retrieving them, feel free to email me and i will gladly help you.
Two years into the current recession and latest data confirms it, does it not?
Q. July lost 131k jobs and the unemployment rate stays at 9.5%. I find it funny how market analysts, money managers, ceo's, and reporters alike all put their own spin as if we "may" be headed for a "double-dip" or the American "recovery" continues to weaken, or this may have stoked fears the country could still "fall back" into a recession.
Many people agree with me saying the economy never "got out" of the current recession in the first place. A lot of companies have been reporting profits in "earnings season" - but are higher net profits generated due to lower work force, lower inventory orders, inflated pricing, and other cost-cutting measures?
With consumer confidence down considerably and commodities like oil and wheat still up, are we in for the next big bubble deflationary period, most likely in the form of goods deflation?
Many people agree with me saying the economy never "got out" of the current recession in the first place. A lot of companies have been reporting profits in "earnings season" - but are higher net profits generated due to lower work force, lower inventory orders, inflated pricing, and other cost-cutting measures?
With consumer confidence down considerably and commodities like oil and wheat still up, are we in for the next big bubble deflationary period, most likely in the form of goods deflation?
A. I think both Hong Kong and US are experiencing the twin evil of stagflation based on the two country and a tiny city are practicing the macro economics of Keynesian approach. The outstanding part of the macro economic policy is put the Monetary Policy in the top priority. It is simply because for the Democratic president of Barack Obama and the Hong Kong lame duck incumbent chief executive, Donald Tsang Yum-kuen have the absolute power in manipulating all money matters in terms of exchange rate, interest rate, stock share prices and, particularly has the power of supplying the money to sustain the wars, financial bail outs and stupid stimulus program in which Obama Administration will send you a check of US $ 500 dollars. First of all, we all should know Uncle Sam is already bankrupt with a total debt of more than 69 trillion US dollars ( two years ago).
http://search.yahoo.com/search?p=Hong%20Kong%20and%20the%20US%20are%20suffering%20the%20stagflation
http://search.yahoo.com/search?p=Is%20Uncle%20Sam%20already%20bankrupt?
US government has spent more than 40% of the printed money on wars and military services worldwide. Can Uncle Sam continues to afford US 10 billion dollars a day for just the Iraq war?
http://search.yahoo.com/search?p=Clearing%20House%20TV%20show%20the%20cost%20of%20the%20Iraq%20war
Based on the above-noted information, Barack Obama must stop the dreadful and expensive wars in Iraq and Afghanistan sooner. All the stationed troops in Iraq and Afghanistan should withdraw as soon as possible. US must downsize the military operatios in the non war zones. Why those stationed in the non war zones are entitled for vacations all year round?
http://search.yahoo.com/search?p=The%20total%20cost%20of%20the%20US%20miltary%20spending
I personally and many Hong Kong scholars and good economists think that Hong Kong must downsize the overall overpaid civic body by axing at least 23,000 civic jobs, reduce the overall overpaid civic and good for nothing officials' salaries by at least 6% to as much as 60% off. Hong Kong Monetary Authority (HKMA) is needed to cut at least 30% of overpaid and extra staffs. Hong Kong government incomes are relied on land sales at extra high price, duty taxes in Hong Kong Stock Exchange, Horse Racing and wagering for soccer games results in the HK Jockey club.
Regardless of what the US political leader has promised, fufill or not, Americans must learn how to live and work for the less. Hong Kong has the worst poor and rich gap in Asia where two millions out of the seven millions are living under the poverty with very severe wage disparities with overpaid officials and civil servants and only one half of the civil servants are working in their daily working routines. The average income per capita is boasted at HK $ 56,000 per month. The minimum wage law can't reach the basic needs of the many of asking only HK $ 33/hour. Our good for nothing Hong Kong chief executive is making HK $ 430,000 per month. Should Donald Tsang Yum-kuen deserve more than HK $ 1,200 per hour? That's why Hong Kong is not my kind of town.
http://search.yahoo.com/search?p=Hong%20Kong%20and%20the%20US%20are%20suffering%20the%20stagflation
http://search.yahoo.com/search?p=Is%20Uncle%20Sam%20already%20bankrupt?
US government has spent more than 40% of the printed money on wars and military services worldwide. Can Uncle Sam continues to afford US 10 billion dollars a day for just the Iraq war?
http://search.yahoo.com/search?p=Clearing%20House%20TV%20show%20the%20cost%20of%20the%20Iraq%20war
Based on the above-noted information, Barack Obama must stop the dreadful and expensive wars in Iraq and Afghanistan sooner. All the stationed troops in Iraq and Afghanistan should withdraw as soon as possible. US must downsize the military operatios in the non war zones. Why those stationed in the non war zones are entitled for vacations all year round?
http://search.yahoo.com/search?p=The%20total%20cost%20of%20the%20US%20miltary%20spending
I personally and many Hong Kong scholars and good economists think that Hong Kong must downsize the overall overpaid civic body by axing at least 23,000 civic jobs, reduce the overall overpaid civic and good for nothing officials' salaries by at least 6% to as much as 60% off. Hong Kong Monetary Authority (HKMA) is needed to cut at least 30% of overpaid and extra staffs. Hong Kong government incomes are relied on land sales at extra high price, duty taxes in Hong Kong Stock Exchange, Horse Racing and wagering for soccer games results in the HK Jockey club.
Regardless of what the US political leader has promised, fufill or not, Americans must learn how to live and work for the less. Hong Kong has the worst poor and rich gap in Asia where two millions out of the seven millions are living under the poverty with very severe wage disparities with overpaid officials and civil servants and only one half of the civil servants are working in their daily working routines. The average income per capita is boasted at HK $ 56,000 per month. The minimum wage law can't reach the basic needs of the many of asking only HK $ 33/hour. Our good for nothing Hong Kong chief executive is making HK $ 430,000 per month. Should Donald Tsang Yum-kuen deserve more than HK $ 1,200 per hour? That's why Hong Kong is not my kind of town.
I'm looking for the rate of default and loss in consumer finance (as annual percent), specially in Asia.?
Q.
A. The average charge-off ratio for Hong Kong banks' credit card portfolios reached 13.25% in 2002, more than double the previous year's 5.46% rate. In addition, the bankruptcy rate soared from an annual figure of 639 in 1997 to 25,328 in 2002.
In 2005: Credit card charge-off ratio in Hong Kong reaches seven year low - Thanks to the strong economic recovery and improved job prospects, according to the latest data released by the HKMA, the credit card charge-off ratio in the first quarter of this year dropped to 0.8 percent. The annualised charge-off ratio declined further to 3.18 percent, the lowest since the third quarter of 1998.
More recently: Credit card charge-off ratio dropped to 3.13 percent last quarter
2007-02-16 Hong Kong
The Hong Kong Monetary Authority shows that total card receivables rose by 11.8 percent (or approximately US$1.0 billion) in the fourth quarter of 2006, despite a transfer of US$14.1 million of rescheduled receivables outside the credit card portfolio during the quarter. The increase was largely due to the payment of salary tax using credit cards and festive spending in December. The charge-off amount increased in the fourth quarter to US$69.2 million from US$67.9 million in the previous quarter. However, the annualised charge-off ratio dropped to 3.13 percent due to the strong growth in total card receivables.
In 2005: Credit card charge-off ratio in Hong Kong reaches seven year low - Thanks to the strong economic recovery and improved job prospects, according to the latest data released by the HKMA, the credit card charge-off ratio in the first quarter of this year dropped to 0.8 percent. The annualised charge-off ratio declined further to 3.18 percent, the lowest since the third quarter of 1998.
More recently: Credit card charge-off ratio dropped to 3.13 percent last quarter
2007-02-16 Hong Kong
The Hong Kong Monetary Authority shows that total card receivables rose by 11.8 percent (or approximately US$1.0 billion) in the fourth quarter of 2006, despite a transfer of US$14.1 million of rescheduled receivables outside the credit card portfolio during the quarter. The increase was largely due to the payment of salary tax using credit cards and festive spending in December. The charge-off amount increased in the fourth quarter to US$69.2 million from US$67.9 million in the previous quarter. However, the annualised charge-off ratio dropped to 3.13 percent due to the strong growth in total card receivables.
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