Voters in Hong Kong went to the polls on September 12th to vote for its Legislative Council (LegCo) representatives. Voter turnout set a record, with 1.78 million votes cast of 3.2 million eligible voters, according to Asia News.

Wasting Trade Opportunities
I had had difficulty in debating a colleague when I said to him in one of our arguments that trade terms need not be reciprocal and that comparative advantage, the forte of international trade is still operational regardless of tariffs imposed by either trade partner. The only unfortunate thing is that tariffs hurts consumers more than it helps producers. Tariffs actually make people poorer.

Islamic Democracy Shows Signs of Success in Indonesia
Indonesia held its presidential election on September 20th, and voters chose challenger Susilo Yudhoyono in what appears to be a landslide over incumbent Megawati Sukarnoputri. Mr. Yudhoyono, nicknamed SBY, is a retired general who served under former dictator Suharto.

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