Friday, August 14, 2009
According to official records, Hong Kong’s economy has left a year-long recession, recording a growth of 3.3% in the second quarter ended in June. The figures, which were seasonally adjusted, were higher than forecast by economists.
As a result, the government has increased its growth predictions for 2009. Previous estimates suggested the economy would contract by 5.5% to 6.5%. Now, the contraction is only predicted to be between 3.5% and 4.5%.
“The GDP data was much better than we expected, partly because the exports were better and partly because of a pick-up in private consumption,” Bank of East Asia’s chief economist, Paul Tang, noted. “Private consumption is being driven up by stock market gains and by the property sector, which started doing well.”
However, government economist Helen Chan warned that “while we are seeing some light at the end of the tunnel, […] the outlook remain highly uncertain because the situations in the United States and Europe are still very weak.”
Tuesday, January 22, 2008
Buffalo, New York —A woman in Buffalo, New York in the United States is in critical condition tonight at Sisters Of Charity Hospital after she accidentally set herself on fire.
The unnamed elderly woman was receiving oxygen for medical problems in her home and lit a cigarette, and the oxygen coming from her mask facilitated the ignition of her clothing, setting her on fire.
Despite her “severe” burns as described by firefighters on radio communications, she was still able to dial the emergency line in the U.S., 911.
In the U.S. only 4% of all residential fires were reportedly caused by smoking materials in 2002. These fires, however, were responsible for 19% of residential fire fatalities and 9% of injuries. The fatality rate due to smoking is nearly four times higher than the overall residential fire rate; injuries are more than twice as likely. Forty percent of all smoking fires start in the bedroom or living room/family room; in 35% of these fires, bedding or upholstered furniture are the items first ignited.