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3. “Emotion.” I know. I sometimes use it as well. But I’m never very happy about it. The problem with the term is that it is sometimes used to devalue another’s experience, as in: “What we heard when we listened was just a strong emotional response without facts,” or “You are letting your emotions get the best of you.” The difficulty is that the word is frequently paired with its implied and false opposite: “logic.” The first is the voice of hysteria; the second, the voice of sanity. So while I may have “good logical reasons for believing X, she only seems to have a strong emotional response.” The idea is that somehow my ideas are better because they are on the firmer ground of reason.
“Them” has had a pretty dishonorable history in our public and private rhetoric. Name any group out of favor with a labeler: capitalists, socialists, African Americans, Jews, Hispanics, Catholics, union members, the poor, the rich, bankers, teachers, state workers, car salespersons, and so on. There’s an undeniable but cheap thrill in placing them at a distance.
Thinking dualistically isn’t just a habit born in English. Yet the language supports binary thinking so well. That, and the use of toxic terms, can get us into serious trouble.
In the dark ages of the Nixon years Vice President Spiro Agnew was given words that were more creative in villainizing his enemies. In a 1970 speech he declared that the liberal press was nothing more than some “nattering nabobs of negativism.” The phrase written for Agnew by uber-writer Bill Safire is a suitable burlesque of the phony righteousness that comes with separating “them” from “us.” Safire was a master rhetorician and clearly having some fun. But I’m not sure Agnew got the joke.
If “family values” and its ostensible opposite had any lasting value in our public discourse we should be able to point to groups who arguably fit in to each category. But in truth there are really no active forces in the culture who seek the defeat of the chief societal instrument for nurturing young lives. The family’s durable presence across all types of cultures speaks to its universality and importance.
As the Supreme Court recently affirmed, denying that gay parents have a less constructive role to play in this institution has the effect of challenging their social legitimacy–a toxic rhetorical move when children are involved. It may be justifiable to question how individuals go about the business of managing their domestic lives. But its disingenuous to use use a hackneyed phrase that cheats its way to an unearned sense of moral superiority.
4. Them. Who knew a simple pronoun could so easily stain our thinking? Them is a problem when its too easily used as a fence to keep others out. To be sure, the term often helps to glue ideas together without negative consequences. But difficulties arise when we appropriate it to put a barrier around groups we intend to keep at a distance. The unstated and preferred opposites here are pronouns such as “us” or “we.” Both are more inclusive. Both help us think of others as part of our circle.
2. “Family Values.” This phrase still thrives in the culture wars. Discussions where it pops up usually imply that it can be paired with its opposite, “anti-family.” But both ideas are mostly fictions. The term primarily exists to peal the user’s group away from political opponents who have made different but not necessarily dire lifestyle choices. Ironically, the phrase thrives especially in portions of the southern tier of the U.S., where census data indicates the lowest rates of traditional two-parent families.
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Just because you cannot trade currencies over the weekends, this doesn’t necessarily mean that you can’t stay productive and increase your chances of success. There is more than one thing you could be doing as a binary trader, over the weekends.
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That’s the question many new traders always wonder. Binary Options Trading Hours is available only when the Market is open. Normal trading hours are between 06:00 Monday Sydney time until 17:00 Friday New York time GMT.
MetaTrader 4 trading hours is between 07:00 Monday Sydney time until 17:00 Friday New York time. No trading is allowed during the weekend i.e. between 17:00 Friday New York time until 06:00 Monday morning Sydney time.
Why Can I trade during the weekends or why isn’t it open 24/7?
You could spend your weekends studying, conducting analysis and/or reading; for the best results, you might want to consider all of these. The weekends might be a time where currency traders cannot trade, but you can still be productive and progress even if the markets are closed.
The idea is to trade when the market is the most volatile, because volatility means that a market is moving, and money is made when the markets are moving, not when the market is quiet and calm.
Tip: Because the trading hours are GMT Time you can base your trades off the clock on the broker’s website. If you live in a different time zone trying to figure out the time difference can be a pain. So, always look at the time the broker’s platform is showing for expiration times. See the image above.
Since Going Live: Time In Market
Hong Kong’s economic and political history has been primarily determined by its geographical location. The territory of Hong Kong is comprised of two main islands (Hong Kong Island and Lantau Island) and a mainland hinterland. It thus forms a natural geographic port for Guangdong province in Southeast China. In a sense, there is considerable continuity in Hong Kong’s position in the international economy since its origins were as a commercial entrepot for China’s regional and global trade, and this is still a role it plays today. From a relatively unpopulated territory at the beginning of the nineteenth century, Hong Kong grew to become one of the most important international financial centers in the world. Hong Kong also underwent a rapid and successful process of industrialization from the 1950s that captured the imagination of economists and historians in the 1980s and 1990s.
While manufacturing was moved out of the colony during the 1980s and 1990s, there was a surge in the service sector. This transformation of the structure of Hong Kong’s economy from manufacturing to services was dramatic. Most remarkably it was accomplished without faltering growth rates overall, and with an average unemployment rate of only 2.5% from 1982 to 1997. Figure 2 shows that the value of manufacturing peaked in 1992 before beginning an absolute decline. In contrast, the value of commercial and financial services soared. This is reflected in the contribution of services and manufacturing to GDP shown in Figure 3. Employment in the service sector rose from 52% to 80% of the labor force from 1981 to 2000 while manufacturing employment fell from 39% to 10% in the same period.
Citation: Schenk, Catherine. “Economic History of Hong Kong”. EH.Net Encyclopedia, edited by Robert Whaples. March 16, 2008. URL
The terms for the return of Hong Kong to Chinese rule in July 1997 carefully protected the territory’s separate economic characteristics, which have been so beneficial to the Chinese economy. Under the Basic Law, a “one country-two systems” policy was formulated which left Hong Kong monetarily and economically separate from the mainland with exchange and trade controls remaining in place as well as restrictions on the movement of people. Hong Kong was hit hard by the Asian Financial Crisis that struck the region in mid-1997, just at the time of the handover of the colony back to Chinese administrative control. The crisis prompted a collapse in share prices and the property market that affected the ability of many borrowers to repay bank loans. Unlike most Asian countries, Hong Kong Special Administrative Region and mainland China maintained their currencies’ exchange rates with the U.S. dollar rather than devaluing. Along with the Sudden Acute Respiratory Syndrome (SARS) threat in 2002, the Asian Financial Crisis pushed Hong Kong into a new era of recession with a rise in unemployment (6% on average from 1998-2003) and absolute declines in output and prices. The longer-term impact of the crisis has been to increase the intensity and importance of Hong Kong’s trade and investment links with the PRC. Since the PRC did not fare as badly from the regional crisis, the economic prospects for Hong Kong have been tied more closely to the increasingly prosperous mainland.
The industrialization of Hong Kong is usually dated from the embargoes of the 1950s. Certainly, Hong Kong’s prosperity could no longer depend on the China trade in this decade. However, as seen above, industry emerged in the nineteenth century and it began to expand in the interwar period. Nevertheless, industrialization accelerated after 1945 with the inflow of refugees, entrepreneurs and capital fleeing the civil war on the mainland. The most prominent example is immigrants from Shanghai who created the cotton spinning industry in the colony. Hong Kong’s industry was founded in the textile sector in the 1950s before gradually diversifying in the 1960s to clothing, electronics, plastics and other labor-intensive production mainly for export.
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