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Archive for November, 2011

Chromebooks

Posted on 30 November 2011
Chromebooks
2011-12-01 10:52

Last June, Samsung and Acer started to produce the first commercial Chromebooks. What’s this new oddity “made by Google?” The devices comprise a distinct class of personal computer falling between a pure cloud client and a traditional laptop.

Chromebooks are shipped with Google Chrome OS, a Linux-based operating system designed by Google to work exclusively with web applications. The user interface takes a minimalist approach, resembling that of the Chrome web browser. Since Google Chrome OS is aimed at users who spend most of their computer time on the Internet, the only application on the device is a browser incorporating a media player and a file manager.

Chromebooks boot in 8 seconds and resume operation instantly. They don’t need an anti-virus application, because they run the first consumer operating system designed from the ground up to defend against the ongoing threat of malware and viruses: they use the principle of “defence in depth” to provide multiple layers of protection, including sandboxing, data encryption and verified boot. They have built-in Wi-Fi and 3G, so you can get connected almost anytime and anywhere, provided that an accessible wireless network is available. They also have Google Cloud Print built in, allowing you to print to any cloud-connected printer from anywhere.

As we have already blogged about, it seems that we are moving towards a web-based future. What’s next? Further innovation is probably just round the corner.

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Tax Levy on Empty Properties

Posted on 29 November 2011
Tax Levy on Empty Properties
2011-11-30 10:10

While people are dealing with the financial crisis in the West, people in Asia are facing the same problem with a slight twist, a financial turbulence on properties far more unexpected.

The rich are getting richer in China, making it impossible for Hong Kong residents to afford to climb the property ladder. Indeed, many have been buying properties in Hong Kong hoping for a good rental return, and there are thousands of properties that have been sold at a high price. However, these properties have remained empty.

To combat this problem, the Hong Kong government is seriously looking into charging a tax for those who buy housing for an investment and not to live in. If enacted, the property vacancy tax will be used to discourage property owners from leaving properties empty for too long so that the government can rein in surging home prices and property rental rates effectively.

Hong Kong home prices rose 13 percent in the first nine months of 2011. At the end of September, local home prices were still 6 percent higher than the previous historical high recorded in 1997.

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