Hong Kong’s Basement-Gate Points to Shaky Future: William Pesek
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Feb. 29 (Bloomberg) -- Washington had Watergate, ItalyBunga Bunga-gate, London Murdoch-gate. Now, Hong Kong brings usBasement-gate.
It’s a scandal that many of us outside the city of 7million might find hard to fathom. Henry Tang, the favorite tobe Hong Kong’s next leader, has an illegal basement. In my mind,that’s only a problem if you are storing drugs, traffickinghumans or evading taxes. For Hong Kong residents squeezed bysurging rents and living costs, Tang’s underground aerie, whichhe built without a government permit, is outrageous enough.