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penelope forbes

England, Southampton, United Kingdom

Designer (Journalism)

Member since October 01, 2012

  • Ba_177_


    The Reserve Bank has sent Australia's banks a blunt message not to lower lending standards, urging the sector to behave cautiously while official interest rates are at their lowest level in more than half a century.

    With debate raging over the resurgent housing market, minutes from this month's Reserve Bank board meeting show members discussed the risks posed by very cheap credit before leaving the cash rate unchanged at 2.5 per cent.

    The Reserve also revealed it was closely monitoring the growing trend of borrowing to invest in real estate through do-it-yourself retirement funds.

    ''In the current environment of low interest rates and slow credit growth, members agreed that it was especially important that banks maintained prudent lending standards,'' said the minutes, published on Tuesday.


    The central bank also saw the trend towards geared property investment in the $500 billion self-managed super sector as a potential problem as an area in which ''households could be starting to take some risk with their finances; members noted that this development would be closely monitored by bank staff''.

    While the RBA said Australia's financial system was in good health, the comments are likely to fuel the debate over the housing market.

    With Sydney auction clearance rates at their highest in a decade and some analysts predicting house price gains of 10 per cent or more this year, real estate is emerging as a key concern for regulators.

    HSBC chief economis...

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    While there is a general consensus that Hong Kong needs to diversify from its heavy reliance on financial services and property, more discussion is needed on how to move forward. Certainly, there is no lack of entrepreneurism here.

    Hong Kong has to look more closely at its long-term economic survival. The task is not straightforward. The city cannot rely on policies handed down from Beijing; they may not work in our free market economy. And, now the British are gone, it is not politically correct to copy the UK model, either.

    To come up with our own answers, we need a good understanding of the economic transformation of the OECD countries. Then, we need to devise a strategy, and find support from the public and Legislative Council to make things happen.

    The Organisation for Economic Co-operation and Development acknowledges the link between a knowledge-based economy and the creation of high-wage and high-quality jobs. This knowledge-based development strategy, however, seems to lie in the "I don't know that I know" portion of Hong Kong's collective intelligence. Hong Kong doesn't seem to recognise its own potential and has so far failed to find a strategy for economic diversification and the creation of high-end jobs expected by the younger generation.

    Hong Kong has always been about free trade, a good legal system, and a strong belief in the free market principle. We have thrived on new ways of thinking and doing things. We have all the basic conditions...

  • INVESTING TIPS: Bradley Madrid Blog

    Well-being, Communication Design


    Green investment in its current form here in the UK seems to involve a lot of risk without the compensatory rewards. Lack of funding, and some woefully poor execution, has left the junior market littered with failures.

    So much so that investors have become rather jaded and cynical about the sector. Going against type is Greencoat UK Wind, which is preparing to list next month.

    Britain’s first ever green infrastructure fund, it has been set up as a yield play with the funding and development risk removed.

    In that context, it is a unique vehicle rather than the latest iteration of unsatisfactory green investment attempts of the past.

    Its IPO is expected to raise at least £205million, which will bankroll the acquisition of six established wind farms (five onshore, one offshore) from Scottish and Southern Energy and the German giant RWE.

    The average price for the onshore assets is £1.8million per mega watt – the market rate for deals in this sector.

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  • Bradley Associates Madrid Spain - Families

    Community, Communication Design

    Bradley Associates Madrid Spain

    When your family has to confront difficult issues MBA helps you find positive ways to support each other. We focus on relationships, sharing and respecting individuals’ different perspectives, beliefs and exploring ways forward to help nurture positive family relations. MBA’s dynamic approach, focused on your families uniqueness brings about change within individuals and re energises their relationships with the family and beyond. This enables children, young people, adults and/or those important to them to feel loved and supported greatly increasing their future growth.

    When it comes to children, finance and work parent’s views can differ, arguments and conflict may follow. These differing views can often divide a family and may be exacerbated by the behaviour of the siblings involved. This is where MBA can provide a space for open discussion and agreement of ways forward.

    When all is going well with our child’s development we are happy to appreciate the differences we bring to parenting but when problems arise it is not so easy to remain open minded to these perspectives. Issues such as body image, self harm and substance abuse are complicated and can leave families desperate and fearful.

    An MBA consultant will help you to listen and understand all sides and perspectives within the family unit and guide you towards the best and healthiest solutions for the family as a whole. By com...