Over Easy; Around the World
As the site is acting up, Crane-Station can’t get her post to take, so trying to publish this, now, and yes, we know it’s Wednesday.
Welcome to Thursday’s Over Easy, a continuation of Southern Dragon’s Lakeside Diner and its tradition of giving an overview of news our everyday media doesn’t cover, issues that we ought to consider outside the U.S. scene.
Happy New Year, for Chinese nationalities the New Year includes great effort to join with family and much traveling to get together, this being the Year of the Sheep, or Goat, since the character is the same for both in Chinese written language. The saying “Three Goats Start Fortune” is associated with the year which officially begins at different dates, kicked off February 4 and year beginning today.
Also known as the Spring Festival in China, celebrations kick off with a large meal, known as the reunion dinner, on New Year’s Eve on Wednesday. Families make great efforts to be together for this, with some people travelling for days.
Firecrackers are a new year tradition, but this year the government is also cracking down on them and firework displays, amid rocketing pollution levels in Chinese cities.
Prosecutors raided HSBC premises in Geneva Wednesday in deepening investigation of money laundering activities that guarded client accounts against taxation by countries where they were based.
HSBC’s involvement in tax avoidance goes back to 2008, when former computer technician, Herve Falciani, blew the whistle on the company’s practices after stealing confidential data which he then turned over to the French finance minister at the time, Christine Lagarde.
Between 2005-2007, the bank allegedly lured clients with the promise of keeping their tax identity hush-hush. At the time, the bank controlled $100 billion in assets.
Never. Give. Up.