real estate agencies sands hk publisher’s daughter closing down brings seeks help in the us Around 30 percent of local madison The daughter of a HK-based real estate agencies have square publisher believed abducted by shut down recently, an garden Chinese authorities appeared before association head claims to vegas a U.S. congressional commission P4 MDT REPORT P8 P11

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N.º 2565 HKD 9.50 Founder & Publisher Kowie Geldenhuys Editor-in-Chief Paulo Coutinho

“ THE TIMES THEY ARE A-CHANGIN’ ”

WORLD BRIEFS Decision in ‘one or two months’ ap photo Canidrome may

G-7 The ups and downs of oil prices; whether the Federal Reserve will raise interest rates have its days again; whether Britain will opt to leave the EU; and the outcome of the US election, which could put Trump in the numbered White House. These are P3 EXCLUSIVE unknowns looming over the G-7 summit which begins today in northern Japan. More on p15 Negative outlook Obama In his final stretch as president, Barack Obama is driving the US toward friendlier relations with historical Moody’s downgrades adversaries like Vietnam, Cuba, Iran and Myanmar. Tomorrow’s visit to Hiroshima is Macau’s credit rating P7 the latest reconciliation gesture. Wrapping up a historic visit to Vietnam, he praised the next generation of leaders for being more conscious about the effects of climate. More on p13

China Mickey Mouse has a new and deep- pocketed challenger: China’s shopping mall king. The developer that bought Hollywood studio Legendary Entertainment is preparing to fight Disney to lead China’s — and possibly the world’s — theme park industry. More on p10

AUSTRALIA Deputy Prime Minister Barnaby Joyce boasts that he had got into Johnny Depp’s head like fictional serial killer Hannibal Lecter after the Hollywood actor quipped that the ruddy-faced lawmaker appeared to be “inbred with a tomato.” More on p12

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MICE and more than 40 engineering companies will send their exe- cutives to attend the forum. UBS, China Railway Cons- Construction Forum kicks off truction Corporation, and UK Trade & Investment are some of the companies that will be present. on June 2 with top politicians In 2012, Macau held the III- CF for the first time, which had previously been organized he 7th International In- cluding contractors and con- in Beijing. This year, as told Tfrastructure Investment sultant service organizations. by Yu, the forum takes place and Construction Forum (III- According to Yu, IIICF has to “highlight Macau, […] and CF) will start on June 2 at the formally invited more than to reinforce the influence of Venetian, as announced yes- 50 officials to attend, all of Macau in the international terday by Irene Lau, Executive whom are at deputy minister co-operation of infrastructure Director of the Trade and In- level, or higher. Guests ran- facilities.” vestment Promotion Institute ge from across 35 countries Last year, approximately (IPIM), and by Yu Xiaohong, and regions, including Kenya, 1,200 people participated in vice chairman of the China In- Botswana and all Portuguese- the forum, where, according ternational Contractors Asso- speaking countries and inclu- to Lau, five contracts invol- ciation (CICA). de the Secretary of the Trea- ving Macau, and three other Both the IPIM and the CICA sure of Angola, Joal Boa Fran- contracts associated with Por- are organizing this two-day cisco Quipipa, the Minister of tuguese-speaking countries event, which will be accom- Transport, Works, Supply and were signed among the com- panied by the 2nd China-CE- Communication of Zambia panies that joined IIICF. LAC Forum, arranged by Chi- Yamfwa D. Mukanga, among Furthermore, on the first day na’s Ministry of Commerce. others. of the forum, the China Inter- To date, the IIICF has recei- Besides government offi- national Project Contracting ved registration requests from cials, more than 20 interna- Report 2015 will also be relea- more than 1,400 people, in- Irene Lau (left) and Yu Xiaohong tional financial organizations, sed. Staff reporter

Health ration with Hong Kong Transport authorities has been Macau seeks closer medical proposed, particularly Single border inspection in the fields of medical training, emergency cooperation with China response mechanisms for cars passing through for public health inci- he government dents, patient transfe- Hengqin borders Tis seeking a closer rals, the management partnership with the of hospitals and issues ouble-plated cars mainland’s National relating to bone mar- Dpassing through the Hen- Health and Family row transplants. gqin and Flor de Lótus border Planning Commission, Tam’s visit to the can now get to each side after including the possibili- World Health As- just one inspection issued by ty of Macau being pro- sembly, the decision- either side, according to a re- vided with access to a making body of the port by Macao Daily News. special team of medi- World Health Orga- The new policy was imple- cal professionals based nization (WHO), will mented on Tuesday. From in the mainland. also see him meet with now on, cars with fewer than the director-general of ten seats entering Macau with WHO, Margaret Chan. a valid stamp from Hengqin The The local delegation at the 69th World Health The Macau delega- Customs see a second inspec- Assembly in Geneva, Switzerland tion includes Secretary tion waived, and vice versa. The Flor de Lótus border World Tam, the Director of The stamp will be granted to mainland counterpar- meeting on Monday, the Health Bureau, Lei the drivers once their cars pass He claimed that currently Health ts and benefit from with the mainland’s Chin Ion, the Director through the X-ray scanning there are approximately 1,800 their knowledge. Such Minister of National of the Conde S. Januá- system. cars (with nine or less seats) Assembly an arrangement would Health and Family rio Hospital, Kuok “This measure will come to crossing the aforementioned will run also assist the MSAR Planning Commission, Cheong U, and consul- solve the problem of duality of borders. By implementing in the development of Li Bin. tants to the Office of inspections,” explained Wong this new policy, Wu expects until its own medical facili- During the meeting the Secretary for Social Wai Man, officer from the Ma- the work efficiency of Heng- ties. between Tam and Li, Affairs and Culture. cao Customs Service, adding: qin border control to increase Saturday The Secretary for So- Tam proposed that The Assembly, now “I think that the process will about 30 percent in terms of cial Affairs and Cultu- medical professionals in its 69th session, be faster, taking only 15 minu- processing time. Furthermo- re, Alexis Tam, who is from Macau might be will run until Satur- tes or maybe even less.” re, he noted that once the new According to a state- part of a delegation vi- able to receive some day in the Swiss city Wu Yirong, director of the operation in Hengqin eases, ment from the Gover- siting the World Heal- training at health insti- of Geneva. It is the- Hengqin Customs, said that the boarding policy will be ex- nment Information th Assembly in Gene- tutes on the mainland. med, “Transforming “the number of double-plate tended to the Gongbei border Bureau, local medical va, Switzerland, raised In addition to further our World: the 2030 cars crossing the border has gate, as well as the Zhuhai-­ professionals would be the possibility of such cooperation with Chi- Agenda for Sustainab- been increasing and we have Macau cross-­border industrial able to liaise with their an initiative during a na, additional collabo- le Development.” DB to deal with that reality.” zone.

www.macaudailytimes.com.mo Director and Editor-in-Chief_Paulo Coutinho [email protected] A Macau Times Publications Ltd Publication Managing Editor_Paulo Barbosa [email protected] Contributing Editors_Eric Sautedé, Leanda Lee, Severo Portela Administrator and Chief Executive Officer + 4 Million page views Kowie Geldenhuys [email protected] Design Editor_João Jorge Magalhães [email protected] | Newsroom and Contributors_ Secretary Juliana Cheang [email protected] PER MONTH Albano Martins, Annabel Jackson, Daniel Beitler, Emilie Tran, Grace Yu, Irene Sam, Jacky I.F. Cheong, Jenny Lao-Phillips, Address Av. da Praia Grande, 599, Edif. Comercial Rodrigues, 12 Floor C, João Palla Martins, Joseph Cheung, Juliet Risdon, Renato Marques, Richard Whitfield, Robert Carroll (Hong Kong MACAU SAR Telephones: +853 287 160 81/2 Fax: +853 287 160 84 correspondent), Rodrigo de Matos (cartoonist), Ruan Du Toit Bester, Sandra Norte (designer), Viviana Seguí | Associate Advertisement [email protected] Thank You! Contributors_JML Property, MacauHR, MdME Lawyers, PokerStars | News agencies_ Associated Press, Bloomberg, For subscription and general issues: [email protected] | Printed at Welfare Printing Ltd +6,200 like us on facebook.com/mdtimes Lusa News Agency, MacauHub, MacauNews, Xinhua | Secretary_Yang Dongxiao [email protected] send newsworthy information and press releases to: [email protected] website: www.macaudailytimes.com.mo thu 26.05.2016 18,148,350 page views in 2016

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Canidrome may have its days numbered, decision in ‘one or two months’

t has become “more and drome,” a government source (UM), has already been han- more difficult” to import close to the process told the ded over to the Gaming Inspec- greyhounds to Macau Times yesterday. tion and Coordination Bureau and that will be a “crucial The Times has also been infor- (DICJ). The official added that Iaspect for the government to med that a study on greyhound DICJ and other parties are now consider when making a deci- race operation in Macau, con- analyzing the document and “a sion on the contract renewal of ducted by the Institute of Stu- decision will be made in one or the concessionaire of the Cani- dies at the University of Macau two months” on whether or not renew the concession contract with Yat Yuen, Canidrome Co. The government commissio- ned the UM study right after ONE SHOT NEWS having extended the contract for one year with Yat Yuen, the company that runs the Ca- nidrome, back in December 2015. At the time, Secretary Lionel Leong said that the stu- dy would be concluded within the timeframe of a year. online by Anima and its outs- No associations were consul- However, recent demonstra- poken president, Albano Mar- ted by the group of researchers tions worldwide, especially in tins, has been signed by over led by Dr Davis Fong, who re- Ireland, against the import and 360 thousand people worldwi- cently told the press that the exporting of greyhounds, and de as of yesterday. study was made “by analyzing demanding the closure of the According to Anima and letters, petitions and opinions Macau racetrack – a ruinous other animal rights protec- expressed in media outlets.” business operation subsidi- tion associations, over 400 The Legislative Assembly zed by the government – “may greyhounds die or are put to approved the first reading of a The Chief Executive, Chui Sai On, plays table tennis yesterday, taking part have expedited the process.” death every year at the Macau new law on animal protection in the 2016 World Challenge Day. A global petition promoted Canidrome. in October 2014. PC

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COURTS Property Donald Trump loses Macau 30 percent of real estate agencies court case over trademark in Macau closed down U.S. presidential candidate Donald Trump has lost a court case over the registration of his trademark round 30 percent of local real es- than the number of agents. “Only a few in the MSAR, after the Court of Atate agencies have shut down over the thousand transactions were made, each Second Instance sided with a local past two years, Chong Siu Kin, president agent has not even accomplished one on company claiming to be in the of the Association of Real Estate Sector of average,” revealed Chong. process of negotiating a Trump- Macau, told the Times. Chong stated that the industry has been branded real estate development This figure has been estimated in accor- declining, on average, by 30 percent an- in Macau. The court permitted the dance with the change in the number of nually for the past two years and in some local company, Trump Companhia members in the association. According to cases reaching 50 percent. Limitada, to retain its trademarks, Chong, there are now approximately 500 When addressing the adverse situation “Trump,” “Trump Tower” and members, after around 200 left, amongst that impacts upon all employees, Chong “Trump International Hotel and other reasons, due to poor business. declared that older agents are keen to quit Tower.” The proceedings began Chong explained that the closings happe- their jobs, while young people, who account in 2009 when Trump Companhia ned not only within small agencies, but for the vast majority of workers in local real complained that the businessman were also seen among larger companies estate agencies, move to other fields. had not made use of a trademark who operate franchise business models. Chong Siu Kin Earlier this week, a group of 20 former that had been registered four years He noted that around ten big real estate employees of the Buildings Agency visited earlier. A lengthy legal battle has agencies, including those from Hong Kong one or two employees, had to close their the Labour Bureau asking for help, after now concluded its first saga, with operating in Macau, have closed some of business entirely,” further indicating that their company had suddenly closed five the Economic Services Bureau their offices. Moreover, Chong commen- large companies are still running their bu- offices and failed to pay all salaries that approving all three trademarks for ted that a few small sized agencies, “with siness despite having closed some of their were due. Chong, however considers this the local company, however the Court offices that were being rented. incident to be an isolated case. of Second Instance has indicated that Donald Trump may still be able According to Chong, the closures are The Statistics and Census Service revea- to file a new case. The presidential mainly due to the weakened gaming in- led that in the first quarter of 2016, a total candidate has already filed an appeal, Each agent has not dustry, followed by poor property sales. of 1,928 building units and parking spaces however it was rejected by judges “Policy constraints” that were issued by were purchased, representing a quarterly last month, according to TDM. The even accomplished the government have also added to the 22.3 percent decrease. In turn, the average decision by the Court of Second burden. housing price was MOP72.955 per meter Instance nevertheless sentenced the one [sale] on Chong noted that more than 5,000 real squared, a quarterly drop of 4.2 percent. Macau-based company to pay judicial estate agents were working in this indus- Chong commented that the probability of fees for accusing Donald Trump of average. try last year – while the number of suc- a continuous housing price drop is small. filing an appeal maliciously. Chong Siu Kin cessfully completed transactions were less Staff reporter

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Cantonese Opera exhibition opens today

he Macau Museum will host an Texhibition starting from today on Cantonese Opera culture, as part of the 27th Macao Arts Festival. The exhibition, titled “The Enchanting Red Boat – An Episode of the Canto- nese Opera Culture,” will be open to the public until October 9. The exhibition will feature nearly 100 artifacts relating to Cantonese Opera, provided by various associa- tions and organizations. These inclu- de the costumes of renowned Canto- Public Art nese Opera artist, Chun Siu Lay, and traditional bamboo Chinese instru- ments made by musician, Li Yui-cho. According to a statement from the Cloud Pavilion Macau Museum, the title of the exhi- bition, “Red Boat,” highlights the origin of Cantonese Opera, referring The costumes of Cantonese Opera artist to the boats painted in red in which Chun Siu Lay sculpture unveiled Cantonese Opera troupes were tou- red in, via the dense river network of Opera artists. Guangdong Province. These troupes Cantonese Opera, also known as were known as “red boat troupes,” “Guangdong Drama,” is a distinctive beside Sai Van Lake but essentially vanished due to the local culture and art, with many re- transgressions of the Civil War in the pertoires having been inherited from Daniel Beitler re, which is named “The by a computer-controlled 1950s. “Zaju,” a variety show of the Yuan dy- Cloud Pavilion,” and were light and sound show. The name also bears resemblance to nasty. rganized by thrilled when after the ce- Through the application the color of the traditional costumes Originating in Guangdong and the University remony, four dance rou- of advanced digital design and sets of the performances. Guangxi Provinces in the Ming dy- of Saint Joseph tines were performed by techniques to vernacular Biographies of celebrated Cantonese nasty, Cantonese Opera became po- (USJ) and su- Macau-based artists by the construction materials, the Opera conductors will also be presen- pular in the Pearl River Delta and Opported by the Macao Fou- side of the lake. pavilion is intended as a ted, as will other artifacts, illustrating burgeoned in the late-Qing dynasty. ndation and City Universi- A collaboration between link between Macau’s his- the history, development and presen- The form of opera was inscribed on ty of Hong Kong, an ope- architecture students from torical building traditions tation of the art form in the region. the tentative list of the region’s Intan- ning ceremony for a new USJ and media studen- and contemporary citys- One part of the exhibition will featu- gible Cultural Heritage List in 2006 public sculpture was held ts from City University of cape. re an educational area on the theme and was also recognized by UNESCO, last night at Plaza Sai Van, Hong Kong, the pavilion “Working under these of Emperor Hua Guang, who is res- as testimony to its artistic value and near the Macau Tower. is a temporary structure conditions is not what we pected as a patron saint by Cantonese significance.DB Approximately 100 peo- constructed from bamboo usually do,” said Tobias ple attended the opening rods, steel cables and fa- Klein from the School of ceremony of the sculptu- bric panels. It is enlivened Creative Media at City Motorsports University of Hong Kong. “In fact my students always work in front of Veterans could be barred IC commissions computers. They normally enjoy that. But to come out from Macau GP graffiti art group and see how 40 students […] between architecture ormer F1 driver Nelson Piquet and media have come to- FJr, who is reportedly planning a GANTZ 5 gether for the first time [in comeback to Macau, has been barred this type of collaboration], from joining the European Formula 3 is quite a wonderful mo- race at the French circuit of Pau. ment.” Piquet Jr, who is the son of three Many of the 40 students time F1 championship winner Nelson who worked on the pro- Piquet, originally planned to fill the ject were in attendance at Carlin seat vacated by Raoul Hyman. yesterday’s opening cere- The Brazilian was however vetoed by Nelson Piquet Jr mony. It was also attended the FIA Single-Seater Commission on by the two USJ instructors the grounds of his experience. blicity and interest, and if the young involved in the project, The ruling could also apply to the guys end up beating them, it’s even Jason Dembski and Diogo end-of-season event in Macau, accor- better for their careers – so it gives Teixeira, who both recei- ding to Motorsport.com. The event you a little extra motivation to go out ved gifts on the behalf of has seen numerous older drivers in there and do well.” the students. recent years make a return to F3 on a Although Russel admitted that he he Cultural Affairs Bureau (IC) has invited local After the opening cere- one-off basis. would have wanted to race against Pi- Tprofessional art group GANTZ 5 to create graffi- mony, guests were trea- European Formula 3 frontrunner quet, he clarified that he understood ti artwork at the Anim’Art Nam Van Graffiti Display ted to four performances: George Russel commented that he FIA’s decision to stop him from ra- Area between late-May and early-June. “Capoeira Trio,” (featu- hopes that the veto doesn’t apply to cing at Pau. The work is themed “Discovery,” which is intended to ring just two dancers), Macau, as racing against experienced “I can see it from both sides,” said allude “to the inspiration and new experiences that vi- solo-dancer Heather Spi- drivers is part of the event’s appeal. Russell. “I do think it’s wrong that a sitors may enjoy at Nam Van Lake,” according the IC. lka performing “Fabric of “I’d be quite disappointed,” said Rus- driver with no intention of contesting The Anim’Art Nam Van Project, which includes the Desires,” Neil Sweeney’s sel when he was asked how he would the championship could be allowed graffiti display area, is being designed to create a lei- “Shape Shifter,” and “Un- feel if drivers like Piquet Jr were pre- to impact the result of the cham- sure space by the lakeside. The project is supported by titled Duet” featuring im- vented from racing in the city. pionship. There’s always the risk they the IC, the Sports Bureau, the Tourism Office and the pressive displays of stren- “It’s almost what Macau’s all about, could get involved in an incident, whi- Institute for Tourism Studies. gth and balance from two and I would love more top names to ch costs another driver a lot of money. GANTZ 5 is a local graffiti art group, founded in male performers. come to Macau this year and race On the other hand, I would have loved 2004, which has been working with local and foreign The pavilion will be on against the guys who’ve done F3 all to have raced against him, and to see organizations in order to promote local graffiti art and exhibition in the plaza un- season,” the Hitech Grand Prix driver how he would have got on against us culture. til June 3. said. “It also gives F3 a bit more pu- F3 guys,” he explained. 26.05.2016 thu

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Negative outlook percent in 2015 as its ca- corporate bits sinos were hit by China’s slowdown and a gover- sands china employees participate Moody’s downgrades nment anti-corruption in world challenge day campaign. VIP gaming More than 150 employees - the big money spin- from across all Sands Chi- Macau’s credit rating ner for Macau - has been na properties gathered at hammered by President The Venetian Macao on Xi Jinping’s crackdown yesterday to participate in Daniela Wei which has deterred high World Challenge Day 2016, where together they com- rollers from traveling to pleted an activity organized oody’s Investors the only Chinese city whe-

with the goal of generating bloomberg by the Sports Bureau (ID) awareness of the impor- MService downgraded re gaming is legal. and the Civic and Municipal tance of exercise in main- the Macau government’s The region is looking at Affairs Bureau. Represen- taining a healthy lifestyle. It credit rating, reflecting building a theme park and tatives from ID led Sands intends to achieve this goal China employees in an through motivating peo- concerns the region will introduce international exercise routine. ple to be physically active suffer volatile growth sporting events to diver- World Challenge Day is for 15 minutes in a World amid slumping gaming sify its economy, as it es- an annual event in Macau Challenge Day activity. revenue. timates non-gaming tou- The world’s largest ca- rism receipts to grow to ctm marks 10 years of world sino hub was cut by one as much as USD14 billion challenge day events grade to Aa3 and assigned by 2025, up from USD6.4 a negative outlook, the ra- billion in 2015, according in a statement. This year CTM encouraged staff to ting agency said in a state- to a government plan this participate to challenge ment yesterday. Moody’s week. the competing city, Poltava also lowered Macau’s long- Over the medium term, State, Ukraine. term foreign currency ning Macau’s gaming and land China and Belgium. annual real GDP grow- More than 60 employees bond ceiling to Aa2 from tourism market, leaving Macau’s long-term pros- th should stabilize at gathered at CTM’s head- Companhia de Telecomu- growth volatile and sus- pects would be supported nicações de Macau (CTM) quarters in Taipa yesterday Aaa and its long-term fo- 1.5 percent to 2 percent, held a World Challenge Day morning to take part in a set reign currency deposit cei- ceptible to shifts in exter- by its “solid external fi- Moody’s said. While the 2016 event, now in its 10th of 15-minute physical exer- ling to Aa3 from Aa2. nal demand.” nancial position, credible city continues to post fis- year at the company, jointly- cises under the instruction “We expect the economy In response, the city’s policy framework and re- cal and current account organized by the Sports of coaches from ID. will continue to contract monetary authority rei- liable linked exchange-ra- surpluses, the fiscal sur- Bureau (ID) and Civic and Other staff members who Municipal Affairs Bureau. were not able to join the during 2016 and 2017, al- terated in a statement the te system,” the monetary plus in 2015 dropped to The event, held yester- group exercise also parti- though the pace of decline Chinese enclave’s “fun- authority said. 7.9 percent of GDP from day, showed CTM’s con- cipated in this year’s event may ease,” Moody’s said. damentally sound” eco- Macau, which is due to 20.4 percent due to the tinual dedication to its by conducting any kind of While the government has nomic and financial con- announce its first quar- economic shock, and is support for emphasizing physical exercise for 15 mi- tried to diversify the eco- ditions, and noted that ter gross domestic pro- expected to fall further the importance of physical nutes by themselves on the exercise, the company said same day. nomy, “strategies center Moody’s had also assig- duct on May 30, saw its this year, the agency said. primarily around broade- ned Aa3 ratings to main- economy contract 20.3 Bloomberg

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Non-gaming Sands brings Madison Square Garden to Vegas, challenging MGM

Christopher Palmeri jor international soccer clubs The concert could be invited to play in the as Vegas Sands Corp., stadium. bloomberg the casino company hall will be the “The goal here is a rejuve- controlled by billionai- world’s largest nation of our entertainment re Sheldon Adelson, offering,” Goldstein said. “We Lplans to build a music venue built specifically want to be in this business in in Las Vegas with Madison an aggressive way.” Square Garden Co., taking for music and In Macau, Sands’ largest aim at competitors including market, the local government MGM Resorts International. entertainment, officials estimate the industry’s The concert hall, to be loca- according to a non-gaming revenue could ted on Sands-owned land that grow to as much as $14 billion MSG will lease under a 50-year statement by 2025, from $6.4 billion in agreement, will be the world’s 2015. Authorities in the Chi- largest built specifically for nese enclave are considering music and entertainment, ac- The Venetian-Palazzo-Sands plans for a theme park and glo- cording to a statement yester- Expo Convention Center com- bal sporting events, according day. The theater will seat a mi- plex, according to a regulatory to a local development plan nimum of 16,000 people, with filing Wednesday. posted for comment this week. a capacity goal of 17,500. Shares of Las Vegas Sands Sands is also planning to up- Casinos are vying for a bigger rose 1.5 percent to $46.22 at date its Las Vegas nightclubs, share of the faster-growing 11:14 a.m. in New York. MSG Goldstein said, and possibly entertainment business in Ne- climbed almost 1 percent to build an arena near its Singa- vada and globally. While visi- $168.60. pore casino. The new Las Ve- tors to Las Vegas hit a record The move is part a broader gas theater will have plush ba- of more 42 million last year, push by Sands, the world’s ckstage accommodations and gambling revenue on the Strip largest gambling company, no scoreboard to block guests has yet to return to its 2007 to increase its entertainment views. high of USD6.8 billion. MGM revenue. The company is also Sands will get priority access Resorts opened a 20,000-seat Las Vegas seeking to build a $1 billion to purchase tickets to events at venue behind its New York- football stadium in Las Vegas the new MSG venue for its ho- New York casino last month. Entertainment Inc. and Oak theater, and Sands will provi- and is looking to expand its ni- tel packages or promotions, as Other partners in the ven- View Group, a company hea- de USD75 million to help pay ght club and concert business well as certain rent-free use of ture include MSG executi- ded by former AEG chief Tim for the construction of a pe- globally, President Rob Golds- the venue to support its expo ve Irving Azoff, Live Nation Leiweke. MSG will own the destrian bridge linking to the tein said in an interview. Ma- center business. Bloomberg

Shell to cut at least another 2,200 jobs globally ap photo

nglo-Dutch oil cause of the energy com- lower energy prices. Pri- U.K. and Ireland, told Acompany Royal Dut- pany’s merger with BG. ces have fallen because staff yesterday that these ch Shell says it will trim The losses will include production remains high are “tough times for our at least 2,200 jobs glo- some 475 positions in even as slower econo- industry and we have to bally amid challenging the North Sea. mic growth, particularly take further difficult de- times in the oil industry. Oil companies around in China, reduces con- cisions to ensure Shell re- The losses are in ad- the world are slashing sumption. mains competitive throu- dition to cuts already jobs and postponing in- Paul Goodfellow, Shell’s gh the current, prolonged being implemented be- vestments to adjust to vice president for the downturn.” AP

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Angola extinguishes insolvent public Fitch Ratings lowers companies credit rating on he government of TAngola will extinguish 16 more companies in the bloomberg industrial sector that are Mozambique to “CC” at a standstill and insol- vent, according to a joint order of the Ministers itch Ratings downgra- of the Economy, Abraão Oil tankers pass along the road ded the long-term debt xinhua Gourgel, and Industry, towards the capital Luanda, rating in national and fo- Bernarda da Silva. Angola reign currency of Mozam- The measure is justified Fbique from “CCC” to “CC”, the by the fact that these com- ries and industrial sector agency said in a statement issued panies are “loss-making, were extinguished under a Monday in London. are not operating or are set of presidential decrees The “CC” rating, according to the at a standstill” and do not published in the official scale applied by the agency, means have the financial capaci- gazette. that Mozambique’s debt is “highly ty to pay off their debts to The companies that were vulnerable”, and is represented by employees, suppliers and closed were Empresa Re- “very speculative bonds.” creditors. gional de Abastecimento The downward review of the cre- The list of companies to ao Sector Cafeícola (Pro- dit rating to “CC”, which indicates Mozambican citizens travel in a crowded van in Maputo be extinguished within café), Ermanal (Luanda), there will be a likely debt default is two years includes Osuka, Empromar Kuroka, Em- a result of the Mozambican sate’s ned by Mozambique Asset Mana- state budget. Epygel, Limoca, Moiben, promar Kapiandalo, Fro- disclosure of guarantees granted by gement (MAM) was made Monday. Last week, when the Minister of Osema, Vulcap, Epan, pesca, Farinol, Empresa by it on loans contracted by public The agency said there was un- Economy and Finance, Adriano Ulysses, Recor, Macanda, Transformadora de Ma- companies, of significant value and certainty about MAM’s ability to Maleiane, went to parliament to Cofriang, Açunor, Unice- deira (ETM), Alfaias Agrí- with short repayments terms. honour its commitments, and it talk about the state guarantees he râmica, CODUME, ECL colas (Alfag) and Empresa A first payment of USD25 million is possible that the state will have told members of parliament that and Emabol, all conside- Mineira de Fosfatos do on a loan of US$622 million con- to make the payment, putting ad- MAM did not have US$178 million red “non-strategic.” Zaire e da Mina Quartzo tracted by Proindicus was made in ditional pressure on the country’s to pay the installment due on Mon- In November 2015, nine (Fosfang), all previously March while the first payment of foreign reserves at a time when day and that Ematum is without public companies in the classified as “state econo- US$178 million (of a total debt of the members of the group of 14 funds to ensure its operations and agriculture, mining, fishe- mic units.” MDT/Macauhub US$525 million) of the loan obtai- have suspended direct aid to the wants state support. MDT/Macauhub

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Louise Watt, Beijing Wanda VS Disney ickey Mouse has a new Mand deep-pocketed challen- ger: China’s shopping mall king. Shopping mall king prepares The developer that bought Hollywood studio Legendary En- tertainment is preparing to fight Disney to lead China’s - and pos- for battle with ‘old brand’ sibly the world’s— theme park in- dustry. Wanda Group and its billionaire importance of China’s public, who characters. But Wanda is counting founder, Wang Jianlin, are inau- have evolved quickly from a nation on a wider array of malls, cine- gurating a sprawling entertain- of farmers and factory workers to ap photo mas and other leisure activities to ment complex Saturday in China’s one of the most important consu- attract more people to its theme southeast three weeks before the mer markets. parks - and keep them dry year-­ June 16 opening of Disney’s first The government is in the midst round. mainland Chinese park in Shan- of a marathon effort to nurture “I personally feel that the cli- ghai. self-sustaining economic growth mate isn’t advantageous to open Wanda’s 20 billion yuan (USD3 by encouraging consumer spen- an entirely outdoor theme park billion) site in the city of Nan- ding to reduce reliance on trade in Shanghai, with heavy sum- chang has an outdoor theme park and investment. Tourism plays a mer rainfall, the rainy season and teacup-shaped buildings that key role in that. lasting dozens of days, and the house a shopping mall, cinemas, The outlook for theme parks in winters also quite cold,” Wang restaurants, a film park and the China is rosy. Annual visitor num- said, referring to Shanghai Dis- world’s largest ocean park. It has bers are forecast to more than neyland. 10 hotels. double from 133 million in 2014 to He said Disneyland’s high prices Wanda has lots of cash and a 282 million in 2019, according to would also drive away customers. huge home market but lacks Dis- Euromonitor International, a re- Wang Jianlin, chairman of Wanda Group The Disney resort, a joint venture ney’s brand power and decades of search company. between The Walt Disney Co. and theme park experience. Wanda already has three theme ding to Liu. out building apartments and sho- Chinese state-owned consortium Still, Wanda exudes confidence it park resorts in China that also in- The company’s competitive spi- pping malls. Operating cinemas Shanghai Shendi Group, is one of can win. clude other facilities such as sho- rit isn’t confined to its home turf. led it into film and then sports pro- the largest foreign investments in Publicly laying down a challen- pping malls, theaters and a ski Wanda also has ambitions to beat motion. China. It encompasses Shanghai ge, Wang told Chinese state TV in resort. Nanchang is the first of a Disney globally. Wang has said that path follows Disneyland, two hotels, gardens comments broadcast Sunday he planned series of “Wanda City” si- Wanda signed a deal in February the transformation of China’s eco- and a shopping, dining and en- plans to “overtake Disney” as the tes meant to mix culture and tou- with French retailer Auchan nomy from one reliant on invest- tertainment district. Disney says biggest global tourism company rism. Group to develop a 3 billion euro ment in factories and housing to most attractions are indoors. by 2020. Wanda boasts its “multiple-busi- ($3.4 billion) project called Eu- a consumer market fueled by sa- The site of Wanda’s first park, “The frenzy of Mickey Mouse and ness model” of rides, film, culture ropaCity adjacent to Charles de les of clothes, entertainment and Nanchang, is the capital of Jian- Donald Duck and the era of blindly and shopping is an advance over Gaulle Airport in Paris. That will other goods. gxi province, a largely agricultural following them have passed,” said Disney’s more narrowly focused mean competition for Disneyland This year, the company acquired province and one of China’s poo- Wang. Disney is “entirely cloning entertainment. Paris. Legendary Entertainment, maker rest. previous intellectual properties, “Disney is an old brand, while Both EuropaCity and Shanghai of the “Batman” trilogy, for $3.5 It is designed on a Chinese the- cloning previous products, with no Wanda is a new one,” said Wanda Disneyland have attracted atten- billion, becoming the first Chinese me, with buildings shaped like more innovation.” spokesman Liu Mingsheng. tion from national leaders in Fran- company to control a major U.S. blue and white porcelain tea cups. Disney said in an emailed reply to Wanda plans to build 15 to 20 ce and China, reflecting the huge film studio. Wanda City “is the new global cul- The Associated Press that Wang’s Wanda Cities by 2020, accor- scale of their investment and ho- In 2012, Wanda bought U.S. ci- ture and tourism brand that Wan- comments were “not worthy of a pes for tourism to drive economic nema chain AMC Entertainment da is striving to build,” spokesman response.” growth. Holdings, becoming the biggest Liu said. Wang’s boldness is a sign of Chi- Wang met with French President global movie theater operator. The company has already broken na’s growing cultural confidence Francois Hollande to discuss the At home, the company is creating ground on 10 more locations. after three decades of explosive The frenzy of 80-hectare (200-acre) project in an $8 billion movie studio com- Wanda’s model could attract economic growth. Paris, which is due to have a the- plex in Qingdao on China’s east more visitors, especially older The ruling Communist Party is Mickey Mouse me park, hotels and a conference coast. ones, “who may be more interes- eager to see China create pop cul- center. Last year, Wanda bought Swiss ted in traditional culture, rather ture to rival Hollywood. There was and Donald For its part, Disney’s chairman sports marketing company In- than theme parks,” said Fangting much angst when DreamWorks’ and CEO, Robert A. Iger, was front Sports & Media, which pro- Sun of Euromonitor International. first “Kung Fu Panda” movie came Duck and the granted a meeting with Chinese duces World Cup broadcasts for The mix of indoor and outdoor out. Commentators demanded to era of blindly President Xi Jinping in Beijing last FIFA, and took a 20 percent stake attractions can offer “better expe- know why China couldn’t make a month. Xi, who rarely meets fo- in Spanish football team Atletico riences regardless of weather and hit film about its own national ani- following them reign business leaders, expressed Madrid. time,” while shopping and cine- mal. his congratulations for the plan- Disney can draw on a brand built mas might encourage visitors to The battle of the theme parks have passed. ned Shanghai opening. up over 90 years through classic stay longer and spend more, Sun also demonstrates the growing Wang Jianlin Wanda, founded in 1988, started movies and instantly recognizable said. AP

billion yuan (USD9 billion) Huawei files lawsuits accusing Samsung of violating patents on research and develop- ment last year, which go- vernment data show is the hinese tech giant national Data Corporation. In a statement, the presi- biggest research budget of Huawei said yesterday Samsung is the biggest dent of Huawei’s intellec- any Chinese company.

C ap photo it has filed patent infringe- global mobile phone brand, tual property department, Huawei says it has patent ment lawsuits against Sou- with a 24.5 percent market Ding Jianxing, expressed cross-licensing agreements th Korean mobile phone ri- share in the first quarter, hope Samsung would sign with dozens of companies. val Samsung in the United according to IDC. Apple a license agreement “and Payments for such tech- States and China, in a case was No. 2 with 15.3 percent. work together with Huawei nology licenses can run to that highlights the rise of The lawsuits against Sam- to jointly drive the industry hundreds of millions of Asian competitors as tech- sung cover four patents for forward.” dollars a year. nology creators. A salesperson attends to a customer at a Huawei retail shop mobile devices and eight In an email, Samsung The cases were filed in Huawei Technologies Ltd. for networks, according said, “We will thoroughly U.S. federal court in Cali- said it wants “reasonable Huawei is a leading maker became the No. 3 vendor to a Huawei spokesman, review the complaint and fornia and in Shenzhen, the compensation” but gave no of network switching gear last year and accounted for Joe Kelly. He said Huawei take appropriate action to southern Chinese city whe- financial figure for its claim used by phone companies 8.2 percent of global sales was not asking the court to defend Samsung’s business re Huawei is headquarte- against Samsung Electroni- and launched its own smar- in the first quarter of this restrict sales of Samsung interests.” red, according to the com- cs Ltd. tphone brand in 2009. It year, according to the Inter- handsets. Huawei says it spent 59.6 pany. AP thu 26.05.2016

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macau’s leading newspaper 中國 CHINA 11

Matthew Pennington, Washington

he daughter of a ap photo Hong Kong-based publisher believed abducted by Chinese Tauthorities eight months ago appeared yesterday [Macau time] before a U.S. congres- sional commission urging Washington's help to win his release. Author Gui Minhai, a Swe- dish national, is one of five men associated with a pu- blishing house whose disa- ppearance late last year raised international concern that Beijing is clamping down on the semiautonomous Chinese city's freedom of speech. College student Angela Gui told the Congressional-Exe- cutive Commission on China that she last spoke to her fa- ther by phone about one mon- th ago but she does not know where in China he is. He went missing in Thailand In this Jan. 3, 2016, file photo, protesters try to put up photos of missing booksellers, one of which shows Gui Minhai at left, during a protest outside the Liaison office of in October. He appeared on the Central People’s Government in Hong Kong Chinese state TV in January, tearfully confessing that he'd turned himself in to mainland authorities over a hit-and-run accident that he was involved Daughter seeks US help over in more than a decade ago. The daughter said she'd never heard of that incident and believed the statement was coerced. missing Hong Kong publisher Swedish authorities have been allowed to visit him just once, in late February, she "It has not been clear what exposes on elite Chinese po- The Chinese Embassy in the June 4 anniversary of the said. my dad is officially in Chinese litics that were snapped up by Washington did not immedia- 1989 crackdown on prodemo- custody for," said the younger visitors from mainland China, tely respond to a request for cracy protesters in Tiananmen Gui, who is a student at Uni- where they are prohibited. comment Tuesday. Square in Beijing. versity of Warwick in England. The daughter said that the Under an agreement reached "Twenty-seven years later "I don't know what the official others who went missing have with Britain, which handed the Chinese government is It has not been reason is, however it seems "nominally been released," but Hong Kong to communist Chi- increasingly brazen in its re- to me that it's quite clear that the publisher's British chief nese control in 1997, Beijing pression," said Sen. Marco clear what my he's there because of his work, editor Lee Bo has been made was meant to leave the city's Rubio, R-Fla., "no longer limi- dad is officially and I suppose that's why all to return more than once to freedoms intact for a half-cen- ting its reach to China's terri- of his co-workers are there as the mainland. She appealed tury. torial boundaries, but instead in Chinese well, or have been there." for the U.S. and other gover- Tuesday's hearing examined seeking to stifle discussion of Minhai was the founder of nments "to keep asking ques- how Chinese authorities in- its deplorable human righ- custody for. Mighty Current Media, which tions" of China about her fa- creasingly seek to silence cri- ts record both at home and angela gui specialized in churning out ther's detention. tics overseas. It came ahead of abroad." AP

Beijing: Taiwan’s female leader ap photo ‘extreme’ because she’s single

aiwan's new pre- something Beijing says ten by Wang Weixing, Tuesday on the website Tsident is "extreme" it will use military force an analyst with Chi- of the International He- in her politics because to prevent. na's People's Liberation rald Leader, which is pu- she's an unmarried wo- Tsai, Taiwan's first fe- Army and board mem- blished by China's offi- man lacking the emo- male president, has been ber of the Association cial Xinhua News Agen- tional balance provided criticized by Beijing for for Relations Across the cy. The link could not be by romantic and family refusing to explicitly Taiwan Strait, the se- accessed on yesterday, life, a member of China's endorse the "one-China miofficial body in charge although it wasn't clear body for relations with principle" that defines of contacts with Taiwan. whether it had been re- the self-governing island Taiwan as part of China. "Her style and strate- moved. The paper did wrote in a newspaper But previous criticisms gy in pursuing politics not immediately res- Taiwan’s President Tsai Ing-wen waves as she delivers an opinion piece. were not in such perso- constantly skew toward pond to questions about acceptance speech during her inauguration ceremony in Taipei In Beijing's harshest nal terms. the emotional, perso- it. attack on Tsai Ing-wen "Analyzed from the hu- nal and extreme," Wang Wang's description land of 23 million, inclu- Despite its stated dis- since her inauguration man angle, as a single wrote, adding that Tsai of Tsai's political style ding reviving its ailing satisfaction, Beijing has last week, the new pre- female politician, she was prone to focus ex- clashes with her calm, economy and balancing not increased diploma- sident was denounced lacks the emotional en- cessively on details and almost professorial China's demands with tic, economic or military as a flawed human being cumbrance of love, the short-term goals rather manner and the degree overriding sentiment pressure in response, and strident advocate of constraints of family or than overall strategic to which she is credited in Taiwan that opposes possibly out of concern Taiwan's formal inde- the worries of children," considerations. with considering the political union with Bei- of further alienating the pendence from China, said the piece, writ- The piece appeared challenges facing the is- jing. Taiwanese public. AP 26.05.2016 thu

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Australia this week on the U.S. talk show Jimmy Kimmel Live! "He looks somehow inbred with a tomato," Depp told Kim- Depp’s dog fight with deputy mel. "It's not a criticism. No, I was a little worried. He might explode." Joyce replied by thanking PM Joyce continues Depp for the publicity he gave Australia's tough biosecurity laws through the case that was ustralia's deputy pri- widely lampooned as a "war on me minister boasted yester- terrier."

A ap photo day that he had got into Johnny Joyce, who is campaigning Depp's head like fictional serial ahead of July 2 elections, said killer Hannibal Lecter after he had moved on from his dis- the Hollywood actor quipped pute with Depp. that the ruddy-faced lawmaker "I'm inside his head, I'm appeared to be "inbred with a pulling little strings and pulling tomato." little levers. Long after I've for- The exchange spanning half gotten about Mr. Depp, he's the globe is the latest in a war remembering me," Joyce told of words that started a year ago reporters in his home town of when Deputy Prime Minister Tamworth. Barnaby Joyce threatened to "I'm turning into his Hanni- have Depp's pet dogs, Boo and bal Lecter," Joyce added, refer- Pistol, put down. Joyce bluntly ring to the brilliant but dange- said it was time the Yorkshire rously manipulative character terriers that had been illegally best known from the Academy Award-winning movie "Silence of the Lambs." Depp said he didn't watch the Actor Johnny Depp and his wife, Amber Heard widely-derided apology video — [Joyce] looks that has been likened to a hos- somehow smuggled into Australia "bugge- when she arrived by private jet secutors that allowed Heard to tage video with wooden delive- red off back to the United States." to join her husband on the set avoid a conviction. ries from the couple — before it inbred with a The 52-year-old actor's wife of the fifth movie in the "Pirates Depp referred to Joyce as was released. Amber Heard pleaded guilty in of the Caribbean" series. Barnaby Jones, the television "No, because I didn't want to tomato. a court last month to falsifying The couple videoed an apo- detective played by Buddy Eb- kill myself," Depp explained to Johnny Depp documents to conceal the pets logy as part of a deal with pro- sen, while discussing the case Kimmel. AP

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Philippines

Population ap photo growth slows as contraceptives spread

he Philippines' annual population Tgrowth rate has slowed as more people in the predominantly Roman Catholic country use contraception. Results of the 2015 census show the population grew 1.72 percent last year, down from 1.9 percent during the previous census in 2010, the Commission on Population said. The population of 100.98 million was half a million lower than what was forecast in 2010, the commis- sion's Executive Director Juan Anto- nio Perez III said. The Philippines is the 12th most po- pulous country in the world, accor- ding to United Nations data. Its population will reach 103.48 million by the end this year, under U.S. President Barack Obama speaks to Vietnamese young people during the Young Southeast Asian Leaders Initiative (YSEALI) town hall meeting at the calculations using the same growth GEM Center in Ho Chi Minh City formula, Perez said. Perez said the use of modern con- Vietnam traceptives has increased, with 45 percent of couples using modern contraceptives as of last year, up from 38 percent recorded by a natio- nal survey in 2013. Obama urges youth to "We have noted an increase in the use of modern contraceptives be- tween 2013 onwards," he said in a telephone interview, adding that and tackle climate change a natural decrease in fertility becau- se women are choosing to have less children could also be a factor behind Nancy Benac, Ho Chi Minh City foreign trips. ved with public policy issues "You've got to let people the slower population growth rate. "One of the great things and return to his roots as an express themselves. That's A national law that provides gover- rapping up about your generation is that organizer. "I'll be like a com- part of what a modern 21st nment funding for contraceptives a historic vi- you're already much more munity organizer, except a century culture is all about," was passed in 2012 despite strong sit to Vietnam, conscious about the envi- little more famous than I Obama said. opposition from Catholic church lea- U.S. President ronment than my generation used to be." Before the event, Obama ders. The law took effect after the BarackW Obama yesterday was or previous generations The town-hall event met privately with U.S. Con- Supreme Court ruled in 2014 that it praised the country's next ge- were," said Obama. He had capped Obama's historic sulate staff and family mem- was constitutional except for a few neration of leaders for being told a previous questioner visit to Vietnam. He spent bers. The White House said provisions. more conscious of the envi- that he "fooled around a three days in the capital of the meeting included seven Perez said the census results, whi- ronment than previous ones lot" when he was young and Hanoi, in the north, and in Foreign Service nationals ch were officially unveiled last week, and urged them to "do some- wasn't serious about school. Ho Chi Minh City, in the who served at the U.S. Em- also showed family size differed thing about" climate change. "I was more into basketball south, meeting with gover- bassy during the evacua- among socio-economic classes. Ri- During his final public and girls. I wasn't always nment leaders and addres- tion of Saigon — the former cher Filipinos have one or two chil- event here, Obama basked in that serious," Obama said. sing the Vietnamese people name for Ho Chi Minh City dren while the poorest have five or the admiration of hundreds "You're already way ahead of in a speech and through less — in 1975 during the Viet- more children, or two children more of young leaders who parti- me. That's good." formal encounters, such as nam War. than what women say they want, he cipated in a town hall-style Obama also promoted a when "people were trying to Japan was the next and fi- added. event and prefaced some of 12-nation, trans-Pacific tra- take selfies" with him as he nal stop on Obama's swing "We also noted in the census that it their questions to him with de pact that includes Viet- worked out in the hotel gym. through Asia, a region he is the poorer regions of the country praise about his leadership nam but is stalled in the In a show of how deeply says helped shape him out of Manila which have higher fer- and his "inspiring speeches." U.S. Congress and opposed relations between the for- growing up in his native tility and we presume large numbers Obama used a question by the three leading U.S. mer wartime enemies had Hawaii and later in Indone- of the poor are in those regions," Pe- about preserving a Vietna- presidential candidates. But thawed, Obama announced sia. Among the officials gree- rez said. mese cave from development he avoided wading too dee- the end of a five-decades-old ting him at the airport late With the slower population growth to pivot to climate change, ply into politics when asked ban on the sale of arms to yesterday was U.S. Ambas- rate, he said the Philippines' popula- one of his top issues as pre- where he sees himself in Vietnam. He also announced sador Caroline Kennedy. tion is expected to double in 40 years, sident. He said Vietnam will five years, around the end that the Peace Corps would Obama met with Japanese or two years longer than had been be one of the countries most of his successor's first term. begin operating in the coun- Prime Minister Shinzo Abe expected, giving the country more affected by the trend of war- Obama has said on previous try for the first time. before joining his counter- time to prepare and to exert more ming temperatures and ri- occasions that world leaders In his appearances, Oba- parts for a summit of the efforts to reduce the unmet need for sing seas. ask him all the time about ma also pressed Vietnam to Group of Seven industriali- family planning of some 4 million to "That could have a huge the unpredictable election. allow greater freedoms for zed nations opening today in 5 million couples who want to limit impact on Vietnam's ability "Sometimes, our politi- its citizens, arguing that res- Shima, Japan (see p15). or space their children. to feed its people, on fisher- cs doesn't express all the pect for human rights wou- Obama also planned a his- But he said a suggestion by the men, on farmers, and it cou- goodness of the people, but ld improve the communist toric visit tomorrow to Hi- Philippines' likely next president, ld be a really big problem if usually, eventually, the vo- country's economy, stability roshima, seven decades af- Rodrigo Duterte, for families to li- we don't do something about ters make good decisions and and regional power. He re- ter the U.S. ushered in the mit their children to three cannot be it, so it's going to be up to democracy works," Obama turned to the issue when a nuclear age by dropping an mandated. Perez said under the law, you to start," said Obama, said. "So I'm optimistic that young Vietnamese woman atomic bomb to end World families are given informed choice who routinely includes ques- we'll get through this period." asked about the importance War II. Obama will be the to decide on the number of children tion-and-answer sessions As for his future, Obama of governments promoting first sitting U.S. president to they could have. AP with young leaders on his said he expects to stay invol- the arts and culture. visit Hiroshima. AP 26.05.2016 thu

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macau’s leading newspaper 分析 WORLD 15

Elaine Kurtenbach, Rich & Poor’s Paul Wiseman, Ise

eaders of the Group of Seven rich nations plan to voice unity over Group of 7 seeks way forward fighting terrorism, pan- Ldemics and tax evasion at their summit in Japan this week. Finding a consensus on how to for aging, faltering economies breathe life into their sluggish economies is proving more elu- sive. cades as businesses, mines and Aging workforces, sagging entire communities were aban- productivity and lingering ap photo doned. damage from the 2008 finan- Some were casualties of earlier cial crisis are complicating ef- shifts in the global market, as forts to spur growth while the factories migrated to China and effects of the slowdown in Chi- other developing countries. na and the other big developing Stalling growth is not unique economies ripple across the to rural Japan: Long-term eco- globe. nomic growth in each of the G-7 Ahead of the summit meetings countries is the worst it has been that begin today, finance minis- since the annual summits began ters and central bank governors 42 years ago, says Howard Ro- of the G-7 meeting in northern sen, an independent economist Japan failed to concur on a based in Washington. coordinated approach to figh- In the advanced economies, ting what Nobel prize-winning automation and online com- economist Joseph E. Stiglitz merce have meant the disappea- calls the “Great Malaise.” rance of many skilled, high-wa- They did agree the world’s ge jobs. To a growing extent, the growth engine is running on meager or unpredictable pay of fumes: “We as the G-7 believe service-sector and contract or the biggest economic problem part-time work is sapping con- is demand. Demand — there is sumers’ purchasing power. no demand — and that is the bi- As the usual policy tools fail, ggest problem around the wor- Japanese Finance Minister Taro Aso (left) speaks next to Bank of Japan Gov. Haruhiko Kuroda during a press conference after a for the G-7 as a whole what pre- ld,” said Japan’s finance minis- meeting of finance ministers and central bank governors of the Group of Seven in Akiu vails is uncertainty, said Dave ter, Taro Aso. Tilstone, president of the Na- The reluctance of consumers Lew said. Nonetheless, he made productivity that lags behind its rage competition, he says. tional Tooling and Machining to buy and businesses to invest, a point of urging Japan not to G-7 peers. “There’s a much more critical Association. despite rock-bottom interest derail its faltering recovery with The country appeared poised view of the Abe regime today His group’s members are rates, has caught economists by a sales tax hike planned for for a revival, emerging from re- than in the past,” he said. showing “a lot more hesitation, surprise and policymakers flat- next year and cautioned Tokyo cession as Prime Minister Shin- Most Japanese companies more than before, to make long- footed, as the IMF, World Bank against intervening to drive the zo Abe took office in late 2012, simply are not investing in their term commitments. Their cus- and governments repeatedly yen weaker for the sake of its promising to “bring Japan shrinking domestic market, tomers just aren’t getting those have had to downgrade overly exporters. back” with share price-plum- even after the Bank of Japan long-term contracts either,” he rosy forecasts. The IMF says advanced eco- ping plans to fire up growth pushed interest rates on some said. That stagnation is evident in nomies could get a healthy eco- through government spending bank deposits it is holding be- Looming unknowns include the run-down business districts nomic payoff by investing in re- and a flood of stimulus from the low zero. the ups and downs of oil prices; of Ise and many other places in search and development, roads, central bank. whether the Federal Reserve Japan. bridges and other infrastruc- The “Abenomics” three-pron- will raise interest rates again, Last month, the IMF lowered ture, and to rewrite tax codes ged combination of monetary Looming possibly slowing the U.S. eco- the economic growth projection that discourage people from easing, government spending nomy; whether Britain will opt for 2016 and 2017 for the wor- working. and structural reforms was unknowns to leave the European Union in ld’s advanced economies, inclu- Instead, governments have supposed to end deflation and include the ups a June 23 vote; and the outcome ding Europe, the United States tended to rely on central banks get households and businesses of the U.S. presidential election, and Japan, where collectively to keep interest rates low, or — to spend more in the sort of and downs which could put Donald Trump growth has remained below 2 in Japan and Europe — even “virtuous” cycle all major eco- in the White House. percent since 2010. negative. nomies have been striving for of oil prices; Europe is struggling with “It’s a difficult environment Meanwhile, some economists, ever since the global financial floods of refugees, as its banks, indeed,” PepsiCo CEO Indra notably Robert Gordon at Nor- crisis. whether Britain still holding bad debts left over Nooyi said last month. “Most of thwestern University, worry the The Bank of Japan’s “big ba- will opt to leave from the financial crisis, remain the developed world outside the world lacks the kinds of techno- zooka” of monetary easing wary of lending. United States is grappling with logical advances needed to dri- pumped trillions of dollars the EU; the “There are deep holes in the slow growth.” ve up productivity and growth. into the economy, helping to banking system, and there is When G-7 meetings began Japan’s population is weaken the yen against the U.S. outcome of the no appetite to deal with it,” said in the 1970s, Japan was in the shrinking and aging the fastest dollar as profits of big exporters Ashoka Mody, visiting profes- midst of its post-World War among G-7 countries, and its like Toyota Motor Corp. soared. US presidential sor at Princeton University. II industrial boom. Growth predicament is deepened by But Japan is still dipping in election, which “Someone has to bear the losses peaked in the late 1980s, and and out of recession, and a and no one wants to deal with has mostly stagnated since a 2 percent inflation target re- could put the losses.” massive stock market and len- mains far beyond reach. Re- Though Germany alone has ding bubble imploded in the cent data show the outlook de- Trump in the kept its conservative stance early 1990s. It has continued to We as the teriorating, despite a 1.6 per- toward spending, the other limp and languish despite mas- cent uptick in annual growth White House G-7 members have been cons- sive public works spending and, G-7 believe in January-March. trained in varying degrees by more recently, a barrage of mo- After more than three years, The G-7 summit venue of Ise law, politics and financial limi- netary stimulus. the biggest Abenomics is viewed mainly as once was a center for silk and tations from pursuing needed In Sendai, U.S. Treasury Se- a “marketing slogan,” said Ken- cotton processing and shipbui- spending increases. cretary Jack Lew and other of- economic neth S. Courtis, chairman of lding. Today, its main indus- “Years ago, they came out with ficials said coordinating growth problem is Starfort Holdings and a former tries are pearls, “Matsuzaka” a coordinated growth plan and strategies was difficult given the Asia vice chairman at Goldman fat-marbled beef and tourism. everyone kicked into gear,” said varied challenges and resource demand. Sachs Group Inc. Japan needs The region is picturesque but Courtis. “Now there are very di- constraints of each country. Taro Aso to “take a blowtorch” to regula- sparsely populated: Villages fferent views and that’s what’s “It’s not a one-size-fits-all,” Finance minister, Japan tions and red tape that discou- have been emptying out for de- paralyzed the G-7.” AP 26.05.2016 thu

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what’s ON ... TV canal macau this day in history

13:00 TDM News (Repeated) he xhibition ravelogue T E “T 13:30 News (RTPi) Delayed Broadcast – Works by Park, Seung Hoon” 15:00 RTPi Live Time: 10am-6pm (Closed on Mondays) 18:30 Helena’s Shadow (Repeated) Until: June 26, 2016 Venue: Gallery of Taipa Houses-Museum 19:20 Montra do Lilau (Repeated) Admission: Free 19:50 Soap Opera Enquiries: (853) 8988 4000 20:30 Main News, Financial & Weather Report 21:00 TDM Talk Show “Weingart Typography” – Exhibition 21:40 The Toque 12 S.1 by the Museum für Gestaltung Zürich 22:10 Helena’s Shadow Time: 10am-9pm 23:00 TDM News Until: June 12, 2016 23:30 Variety Venue: Tap Seac Gallery, located at Avenida do 23:55 Main News, Financial & Weather Report (Repeated) Conselheiro Ferreira de Almeida, No. 95. Admission: Free 00:25 RTPi Live Enquiries: (853) 8988 4000

The Charms of Flowers – Exhibition of Traditional Chinese Flower Arrangement cinema cineteatro Time: 10am-6pm (no admission after 5:30 pm, closed on Mondays, open on public holidays) 19 May- 25 May Until: July 31, 2016 Venue: Avenida do Conselheiro Ferreira de Almeida, No. 95 C-D, Macau Admission: Free eterans reject Enquiries: (853) 2852 2523 1998 V Japanese ‘sorrow’ Ink Wash of the Forbidden City Emperor Akihito of Japan has spoken of his “deep – Paintings by Charles Chauderlot sorrow and pain” over the suffering inflicted by his Time: 10am-7pm country during World War II, but did not apologise for the treatment of prisoners in work camps. (No admittance after 6:30 pm, closed on Mondays) x-men: apocalypse_ Addressing a state banquet at Buckingham Palace, Until: June 19, 2016 room 1 attended by the Queen, Duke of Edinburgh, Queen Venue: Macau Museum of Art, (2D) 2.00, 4.40, 9.50 pm Mother and 11 other senior Royals, the Emperor said (3D) 7.15 pm Av. Xian Xing Hai, s/n, NAPE he could “never forget” the many kinds of suffering Director: Bryan Singer experienced by so many. dmission A : MOP5 Starring: James McAvoy, Michael Fassbender, War veterans said that Emperor Akihito had not (Free on Sundays and public holidays) Jennifer Lawrence gone far enough and demanded a “real, meaningful Enquiries: (853) 8791 9814 Language: English (Cantonese) apology.” Duration: 144min They are angry with Japan over its refusal to offer more substantial compensation and a full apology for their suffering during the war. Earlier, in a gesture of contempt, former prisoners of war turned their backs on Emperor Akihito and whist- led the wartime anthem Colonel Bogey as he rode Offbeat with the Queen in a Royal carriage down The Mall. Later, outside nearby Westminster Abbey where the emperor laid a wreath at the Tomb of the Unknown Chewbacca Mom’s infectious Soldier, a memorial to the dead of World War I, arou- laugh draws more than 137m nd 500 protesters repeated their protest, turning their backs and humming Colonel Bogey again. views on Facebook Under the post-war Japanese constitution, Empe- Before last week, Candace Payne’s infectious laugh the jungle book_ ror Akihito is a non-political figurehead and, as such, was known only to her close friends and family. After she room 2 cannot formally apologise for the suffering inflicted went into hysterics donning a toy Chewbacca mask in a (2D) 2.30, 4.30, 9.30 pm by the Japanese imperial army. (3D) 7.30 pm video she posted online, more than 137 million viewers But in the banquet speech on Tuesday, delivered in Director: Jon Favreau Japanese, he came close to saying sorry. know it too. Starring: Neel Sethi, Bill Murray, Ben Kingsley Payne went live on Facebook from her car in a Texas Language: Chinese (Cantonese) “It truly saddens me, however, that the relationship parking lot after buying the mask last week. By Sunday Duration: 106min so nurtured between our two countries should have night, she was in New York City, awaiting a Monday mor- been marred by the Second World War. ning appearance on ABC’s “Good Morning America.” “The Empress and I can never forget the many kinds “The world, as a whole, is in need of a good laugh,” she of suffering so many people have undergone because said on “GMA” when asked why she thought her video of that war. had struck a chord. At the thought of the scars of war that they bear, Payne said she headed to a Kohl’s department store in our hearts are filled with deep sorrow and pain. All search of yoga pants last week when she brushed the through our visit here, this thought will never leave Chewbacca mask by mistake. After the toy emitted the our minds. Star Wars creature’s distinctive roar, she said she had We sincerely hope that such a history will never be to have it. repeated between our two nations.” “I don’t think my kids need that, I think I need that,” she Courtesy BBC News said she thought. like for likes_ After making a few more stops, she said the mask room 3 was “just calling from the bag” and she posted 2.30, 4.30, 9.30 pm to Facebook (facebook.com/candaceSpayne/vi- Director: Park Hyun-gene n context deos/10209653193067040). Starring: Lee Mi-yeon, Yoo Ah-in, Choi Ji-woo I On Friday, representatives of Menomonee Falls, Wis.-­ Language: Korean (Cantonese/English) Of the 50,016 British military personnel taken captive by the based Kohl’s came to her Grand Prarie, Texas, home Duration: 120min Japanese 12,433 died or were killed in captivity. bearing Chewbacca masks for her husband and two The survivors campaigned for years for extra compensation children along with other Star Wars toys and USD2,500 for the horrors they endured. in gift cards. On “Good Morning America,” she was pre- macau tower On 26 November 1998 a Japanese court ruled against them sented with more toys and another $2,500 gift certificate. saying the issue was settled when Japan made a token pay- 19 May - 1 Jun ABC and the Star Wars franchise are both part of The ment of £76 (the equivalent of £1,200 today) to the service- men in the early 1950s. Walt Disney Company. x-men: apocalypse_ Two years later, the British government granted a total of Since the first Facebook live video last week, Payne has 1.15, 4.00, 6.45, 9.30 pm £100m to 16,700 former PoWs or their widows “in recognition posted several more about her experience, including one Director: Bryan Singer of the unique circumstances of their captivity”. from behind the scenes at the ABC morning show. Starring: James McAvoy, Michael Fassbender, The chairman of the Japanese Labour Camp Survivors’ Asso- After a whirlwind couple of days, Payne summed up Jennifer Lawrence ciation, Arthur Titherington, said the veterans would continue the experience on “Good Morning America,” saying the Language: English (Cantonese) to seek a full apology from the Japanese emperor. best part about it is “being able to share joy with people.” Duration: 144min thu 26.05.2016 th Anniversary

macau’s leading newspaper 資訊／娛樂 INFOTAINMENT 17

YOUR STARS The Born Loser by Chip Sansom Aries Taurus

Mar. 21-Apr. 19 April 20-May 20 You need to move closer to what you Your communication skills are think of as home. That could just extra-sharp today, so make sure that mean skipping work or school, or it you’re keeping the lines open for could involve a serious, long-term anyone who needs them. In fact, you lifestyle change. Whatever it is, take should go out of your way to reach it seriously! out to those you miss.

Gemini Cancer

May 21-Jun. 21 Jun. 22-Jul. 22 You are feeling a bit moody today — You need to push yourself out especially if you’re feeling frustrated there — you’ve got enough energy about that recent setback. You’re to tackle two days’ worth of better off just letting it wash over action! Things are getting really you and moving on, but if you have interesting, so don’t be shy about to wallow in it, go right ahead. making a difference. SUDOKU Weather Leo Virgo Min Max Condition Jul. 23-Aug. 22 Aug. 23-Sept. 22 China You just can’t believe how people You need to fall back on someone Easy Easy+ are stirring up trouble over nothing close for a little assistance. It may today — and all you want is to calm be easier for you to ask ahead of Beijing 17 29 shower/cloudy them down. That may be easier said time, but sometimes you have to Harbin drizzle/shower than done, but you can still make a just accept that things aren’t going 12 31 real difference if you want to. to go your way. Tianjin 17 29 shower/cloudy Urumqi 16 clear Libra Scorpio 10 Xi’an 16 28 overcast Sep.23-Oct. 22 Oct. 23 - Nov. 21 Lhasa 9 19 cloudy/overcast Things are unlikely to progress Travel could be at the forefront of Chengdu 19 26 drizzle/moderate rain quickly today, but you should be your mind today — and the farther able to get people to see your point you can go, the better! Your Chongqing 20 24 cloudy/overcast of view if you press them. You may great energy needs an outlet, and Kunming 14 26 shower find that your mood determines the making getaway plans should suit outcome, so brighten it! you just fine. Nanjing 17 26 cloudy Shanghai 19 25 cloudy Sagittarius Capricorn Wuhan 18 25 overcast/drizzle Medium Hard Nov. 22-Dec. 21 Dec. 22-Jan. 19 Hangzhou 17 25 cloudy/overcast You feel a bit of a mismatch between Someone is taking things far too Taipei 26 28 drizzle/overcast you and a friend or close colleague seriously — and you’re not sure Guangzhou cloudy — but this isn’t the day to repair it! what to make of it. Try not to push 24 29 In fact, if you go your separate ways this too far, as you need to give Hong Kong 26 27 cloudy for a bit, it’s likely to just take care of them the respect and space that itself. they deserve.

Aquarius Pisces world

Jan. 20-Feb. 18 Feb.19-Mar. 20 Moscow 12 22 drizzle You may find some little health You need to indulge your creative Frankfurt 10 12 drizzle/moderate rain problem is starting to take over too side a bit — so write out that much of your mental space — so see business email as a haiku, make Paris 9 17 moderate rain/drizzle a professional or do something else your shopping list a work of art or London 9 16 drizzle/cloudy to take care of it! You’re sure to feel otherwise mix the mundane and the better afterward. artistic. Make a habit of it! New York 11 20 clear/cloudy

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Foster Niumata, London Rugby onny Bill Williams is going in for a try untou- ched in the left corner when the whistle blows. NZ 7s coach given some credit SHe immediately turns, drops to the grass, and presents the ball, which is whisked away to the right. for sports’ return to Olympics "Come on Sonny, get back in line," Gordon Tietjens yells. Williams is back in line right lungs are gasping, the muscles away. are burning, and time is near- New Zealand's rugby sevens ap photo ly up. Forged in a crucible of coach, who will pick his Olym- sweat and pain, the players pic squad in July, doesn't stand come out of the boot camps for slackers or egos. with an all-for-one attitude, What Tietjens wants is 100 and believing if they can sur- percent effort, even in training. vive that, then they can endure "And even if you've only got 50 anything. percent left to give," says Cory Tietjens says he's been lucky Jane, the All Blacks wing who with the talent he's had, and as played under Tietjens for three much as he's loved all the wins, years, "he'll demand you give he's derived a lot more pride 100 percent of that 50 percent." from seeing his players earn Titch, as he's been known for Super Rugby contracts and All as long as he's been involved Blacks spurs. So far, 44 of his in rugby, tends to get what he players have become All Blacks. wants. "It's no surprise to me that so many of Titch's guys go on to be stars in the test arena, too," Coach Jane says. "Under him, you develop exceptional skills, and Gordon become accustomed to pressu- re, to big stadiums, and to the Tietjens, Sonny Bill Williams (left) tournament atmosphere." who will pick Tietjens was in the very first World Rugby to create the se- sion, and expertise, he has dri- program than Tietjens'. New Zealand Sevens team, in his Olympic vens world series. ven the standards towards what The coach's boot camps are 1983. Lean and lanky, he ex- In the 17-year history of the we now celebrate as a truly glo- folklore. The great Eric Rush, ceeded expectations by playing squad in July, series, Tietjens' teams have bal game of sevens." 15 years a sevens internatio- first-class rugby for a decade as won 12 of them, including the In 2013, New Zealand was no nal, 11 of them under Tietjens, a flanker. He coached sevens doesn’t stand first six. There's also two Ru- longer content with praising remembers the latter's very and 15s teams, and led Bay of for slackers or gby World Cup Sevens titles, him, and knighted him. Arise first session in 1994: "He pre- Plenty to the 1992 title, the first and four Commonwealth Ga- Sir Gordon. But, no, he insis- tty much broke everybody." and only title by a New Zealand egos mes gold medals. ted on still being called Titch. One of Tietjens' ploys was a team, in Melrose, Scotland, the After he won his 10th world His humility intact, so has nonstop game of touch with home of sevens. series in 2012, the Rugby Hall been his drive and competiti- changing rules. Rush called it When he was appointed to his The mere length of his tenure of Fame waived its rule that veness. Time has not softened "Death." Dallas Seymour, who current job in 1994, he thought - 22 years and counting - is ex- inductees must be retired for him. played eight of his 14 years in it would be a short gig. But then traordinary, even before con- three years, and decided his New to the team and sevens the team under Tietjens, re- he won the 1998 Commonweal- sidering his incredible record achievements were too outstan- this season in a bid to burnish a calls the longest session was th Games, and thought he'd go of success. Consider, he's the ding to be disregarded. At the CV including two Rugby World six hours. Lomu described the to the next Commonwealths. only remaining active interna- induction, then-World Rugby Cup gold medals, a Super Ru- trainings as "ruthless." He won that, too, and liked the tional coach from the amateur chairman Bernard Lapasset gby title, NRL title, and New There is method to the mad- idea of another go. He's con- era. His immediate success in said rugby's upcoming return to Zealand heavyweight boxing ness. Tietjens is after charac- tracted to the end of the Olym- winning Hong Kong, sevens' the Olympics was "in no small championship with an Olympic ters who not only can play, but pics in Rio de Janeiro, and has biggest prize, from 1994-96, way down to Gordon Tietjens. gold, Williams said he'd never have heart, and the wherewi- said he might finish there and with Jonah Lomu rampant, led Through his knowledge, pas- come across a harder training thal to think clearly when the said he might not. AP

Football | Champions League final Cristiano Ronaldo OK after injury ap photo scare in Madrid practice

ristiano Ronal- stayed on the ground for co Madrid in Milan. ropean title, Ronaldo Cdo left Real Madrid's a few moments as players "I feel good," he said. "I will also have a chance to training session early surrounded him with just had a small problem break his own record of after an injury scare yes- concern. in the training but in a 17 goals set in the 2013-14 terday [Macau time], but After being assisted on couple of days I will be competition. doctors said the forward the field, the Portugue- 100 percent." "I would like to score is not at risk of missing se forward walked off Ronaldo had already again, of course, but the the Champions League the pitch on his own and missed a few games late record is already mine final. doctors quickly dismis- in the season — including whether I score or not," Ronaldo hurt his left leg sed any serious injuries, the first leg of the Cham- he said. after colliding with reser- saying it was a minor pions League semifinal Ronaldo scored the fi- ve goalkeeper Kiko Ca- knock to his thigh. against Manchester City nal goal when Real Ma- silla while going for a ball Ronaldo said it was just — because of a right-leg drid defeated Atletico 4-1 crossed into the area near a scare and guaranteed he muscle problem. in extra time in the 2014 Real Madrid Cristiano Ronaldo plays with a ball during a training the end of the session. will be fit to play Satur- In addition to helping Champions League final session ahead of Saturday’s Champions League soccer match final He appeared in pain and day's final against Atleti- Madrid win its 11th Eu- in Lisbon, Portugal. AP against Atletico de Madrid THE Freed Ukrainian pilot returns Station26.05.2016Air quality thu BUZZ home after 2 years in Russia Roadside 55-75 Moderate Russia freed Ukrainian pilot Nadezhda Sav- thern Russia and bring her home to Kiev, chenko yesterday after holding her for nearly where she received a hero’s welcome. “Thank High two years, with President Vladimir Putin par- you everyone for fighting for me!” Density 105-135 doning her as part of a swap for two Russian The two Russians were also freed yesterday, Residental servicemen jailed in Ukraine. and Russian state television showed them Bad The Ukrainian president sent his plane to being greeted at a Moscow airport by their Area opinion pick up Savchenko in Rostov-on-Don in sou- wives. Ambient 105-135 Bad World Views dsmg source: Editorial Board, Bloomberg These are the countries WORLD BRIEFS Too much salt, America where millennials will When you eat too much salt - and you pro-

bably do - the problems mount pretty quickly. ap photo First it gets into your blood and confuses work themselves to death your kidneys, leaving too much water flowing through your blood vessels, which raises your blood pressure and, eventually, your aging population, which risk of cardiovascular disease - the world’s puts a burden on country’s

No. 1 killer. ap photo social security system as So everyone should just stop eating so AFGHANISTAN The much salt. Putting down the shaker isn’t factors that push Japanese Taliban confirms that their former enough, though, because three-fourths of people to work longer. The leader Mullah Akhtar the salt in the American diet is in processed study found 32 percent of men and 66 percent of wo- Mansour was killed and prepared foods: breads, pastas, salad in a US drone strike dressings, cereals and countless other pro- men globally plan to take last week and that ducts. Reducing this kind of salt will require time off for the birth of their they have appointed that government food regulators, after years children, but in Japan, a Mullah Haibatullah of delay, finally set limits on sodium in food. lawmaker came under fire Akhundzada, one The U.S. Food and Drug Administration is earlier this year for attemp- of Mansour’s two expected to soon issue a draft of its first such ting to do this. deputies, as the limits. These will almost certainly be volun- When it comes to working new leader. The tary - not the most reliable approach, but food announcement came as makers should be made to understand that if hours, Japan’s millennials a suicide bomber struck sodium content doesn’t come down, the limits clock in 46 hours a week, the a minibus carrying could be made mandatory. The best approa- study found, less than In- court employees in ch would be to gradually lower sodium targe- dia’s 52 and the average 48 Kabul, killing at least 11 ts until Americans on average are consuming worked in Mexico, China and people. no more than 2,300 milligrams a day. Polly Mosendz just 3 percent in Spain. The Singapore. Young American study polled 19,000 working workers log 45 hours a week.

ome millennials may millennials across 25 coun- The survey found only 3 ap photo bloomberg Snever get to experience tries. Earlier this year, the percent of American millen- the joys of playing bocce and U.S. Bureau of Labor Statis- nials work “gig economy” telling kids to get off their tics determined 18.9 percent jobs, like driving for ride lawn, as 12 percent of Ame- of Americans over the age -sharing app Uber Techno- ricans between the ages of of 65 were still working, the logies Inc. or freelancing for Flight 804 Egyptian 20 and 34 expect to work highest rate since Medicare TaskRabbit, which allows forensic experts are until they die. was introduced. users to outsource errands. examining human A study released yester- As for Japan, a variety of The majority work full-time remains retrieved from day [Macau time] by work- issues pushes millennials jobs, but 35 percent said they the crash of EgyptAir force solutions company to consider working them- were open to taking a part- Flight 804 for any That’s one teaspoon of salt. Nine in 10 Ame- Manpower Group, and con- selves to death. “In Japan, time job in the future and 41 traces of explosives. ricans now consume more than that. If they ducted by surveyor Reputa- significant changes have percent said they would con- One member of the could cut back to less than 2,300 milligrams team says the state of a day, 100,000 lives a year would be saved, tion Leaders, found that 12 taken place that create a lot sider being self-employed. As the remains suggests according to the Institute of Medicine. percent of millennials arou- of uncertainty for millen- for what American millen- an explosion, a Voluntary sodium targets can make a diffe- nd the world expect they nials,” said Mireya Solís, the nials want in a job, they prio- claim authorities call rence: In the U.K., deaths from heart disea- won’t ever retire. In Japan, Philip Knight Chair in Japan ritize salary, job security and speculation. se and the incidence of high blood pressure a whopping 37 percent said Studies at The Brookings benefits above all else—no have fallen substantially since limits were they think they’ll work until Institution, a Washington surprise considering under- adopted in 2006. they reach the grave, compa- D.C.-based think tank. graduates finishing college ap photo Food companies already understand the red to 18 percent in China, 12 Solís pointed to the decrea- in 2014 owed an average of need for limits. percent in the United States sing national savings rate, USD28,950 in student debt. Mars Food, which makes Uncle Ben’s rice, and United Kingdom, and employment prospects and Bloomberg recently pledged to lower the average sodium content of its products by 20 percent over the next five years. Meanwhile, Nestle, who- se brands include Gerber and Lean Cuisine, USA After months of says it has already reduced sodium content declaring himself free by 23 percent since 2005 and will keep cut- The of donor ties, Donald ting. AP Photo/Mark Schiefelbein Trump is holding One reason for the FDA’s delay has been decisive moment his first presidential dispute over the benefit of cutting salt. The- fundraiser, including a re’s good evidence that eating a lot of salt USD25,000-per-ticket raises blood pressure and that high blood dinner in Los Angeles. pressure raises the risk of heart disease and Trump insists he’s stroke. But critics, citing recent studies, have changing only because questioned whether low salt intake really the Republican National lowers the risk of death from heart disease Committee wants him for everyone. However, many scientists say to, he told AP. those newer studies haven’t measured so- dium accurately. Prominent labeling should be part of the FDA’s strategy, to help consumers choose ap photo foods carefully. And the agency will also have to monitor what’s inside the package, to make sure that the salt is coming out. Gradual reductions in sodium also make sense from a commercial standpoint, becau- CUBA announces that se at this point people’s palates are accus- it will legalize small and tomed to a lot of salt. Cut back quickly - as medium-sized private Campbell Soup tried several years ago - and businesses, a move consumers’ taste may not readily adjust. that could significantly Most Americans know that they eat too expand the space allowed for private much salt. What they may not realize is that Tyson, Mike Tyson. In Beijing to promote professional boxing in China, legendary fighter Mike Tyson said enterprise in one of the they need the government’s help to eat less he’s against pro boxers going to the Olympics. “It’s foolish and some of the pro fighters are going to get world’s last communist of it. beat by the amateurs,” Tyson sentenced. countries.