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Jason Goren
Joined: 24 Nov 2008 Posts: 33
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Posted: Fri Nov 28, 2008 11:45 am Post subject: |
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Marcoregano wrote: |
Harry Houdini wrote: |
I can only wonder if the current economic problems in HK have caused the EDB to cut back on the NET scheme. I read that budget spending has been cut back 98% (that's not a typo) this financial year - compounded by the fact that gave away freebies last year - e.g. gave tax back. I hope not, as it brings the future of the NET scheme into question. |
Hi Harry. I work for the HK Govt (not as a teacher) and can't say I've come across this rumour. A cutback of 98% would leave everybody without a job, so my suspicion is that someone made a typo. I doubt if the downturn will have any impact on the NET prog or teaching budget in general. |
Economic downturns/global currency crises/'financial tsunamis' have had little if any effect on the HK 'government' in the past, and the current economic difficulties will again have few salient effects. At last count, the HK 'government' had reserves of some $830 billion HK � and that is not a typo. (This does not count the massive 'Exchange Fund' which they keep in the bottom drawer to keep international currency speculators at bay and protect the HK$.) As pointed out by Hemlock in his excellent 'We deserve better: Hong Kong since 1997' this sum equates to $118,000 HK per resident and the interest alone on this treasure trove could finance an annual payment of $4,000 HK to every man, woman, and child.
Remember the official line: It would be nice to have smaller class sizes, but where would the money come from? It would be nice to save schools that have to close down due to the plummeting birth rate, but where would the money come from?
From the government reserves of $830 HK billion, that's where. |
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prufrockwakes
Joined: 24 Oct 2008 Posts: 41
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Posted: Sat Dec 13, 2008 11:05 am Post subject: to those who got the job....... |
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......how many of you wore suits/ties and were clean cut.......? just trying to improve the odds,,,,,, general impressions? thanks |
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