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China compares HK democrats to Mao-era ‘Gang of Four’

Bloomberg Four senior Hong Kong democrats have found themselves labeled by Chinese state media as a new “Gang of Four,” as Beijing seeks to assign blame for the largely leaderless protest movement rocking the city. A string of state media editorials have compared the long-time opposition figures — including former Chief Secretary Anson Chan, former Democratic Party chief Albert Ho, ...

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Hong Kong protests: Beware of ‘moral hazard’

Watching videos of Chinese protestors singing the US national anthem in the streets of Hong Kong, or hearing the tear-jerking chorus of “Les Miserables” during a sit-in at the Hong Kong airport, only someone with a heart of stone wouldn’t want to assist these brave people who are fighting for their freedom. But beware. The problem is that easy gestures ...

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Walmart finds consumer is still confident

A day after a stock market rout driven by recession fears, Walmart Inc. issued a second-quarter earnings report that should provide at least a sliver of solace: Consumers have been out in force spending at its big-box stores. The mega-retailer reported that US comparable sales rose 2.8 percent from a year earlier in the quarter. That growth looks especially robust ...

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