Economic expects predict 2011's global economy : is it a good thing that Hong Kong being the top of the world in IPO listings? ; Funding the arts is it being done right?
The global recovery is moving slowly with many bumps still in the road ahead. Money Magazine speaks with Nobel prize winning economist Joseph Stiglitz and former HSBC chairman, David Eldon for their thoughts. Stiglitz doesn't think the US should be printing money for its quatitative easing, and Eldon worries that the hot money created by that could contribute to bubbles forming in Hong Kong markets
The HK government pledged to support the arts with a $3 billion injection into an Arts and Sports Development Fund. But how is the money being allocated and who decides where the money will go? Critics say most of the decision makers don't have arts expertise, while supporters say its good that the decision making committee has diverse backgrounds.