‘Involution’ Engulfs Hong Kong: The Triple Impact of Real Estate Debt, Talent Mismatch, and Consumption OutflowNews Analysis The push by Hong Kong’s Legislative Council to authorize a diverse range of fiat-referenced stablecoins is raising concerns about the stability of its long-standing Linked Exchange Rate System (LERS) pegged to the U.S. dollar. Fiat-referenced

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Amid growing maritime tensions between the Philippines and China, the Commander of the U.S. Pacific Fleet, Adm. Stephan Koehler, delivered a firm message of allied unity and military deterrence at the Pacific Amphibious Leaders Symposium (PALS) in Manila,

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America is taking on China in the race to the bottom of the sea, hoping that new mining techniques will help break Beijing’s grip on global minerals. Supporters say the deep-sea mining industry offers a “$20 trillion opportunity,” or say security gains

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Hong Kong Proposes Restricting Prison Visits by Lawyers, Doctors for ‘National Security’ ReasonsHong Kong officials submitted a proposal to the Legislative Council on July 3 to amend local prison rules, which would empower the Correctional Services Department (CSD) to impose—based also on “specific purposes” such as “maintaining national

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