Notwithstanding Venus Raj’s making the top 5 in the Miss Universe pageant, we have, to borrow from our almost Miss Universe, a major major disaster for the country. Yesterday, a bemedalled cop who was dismissed from service took a bus full of HK tourists hostage. Incompetent crisis management, incompetent hostage negotiation, and an agonizingly slow-motion rescue led to a tragic conclusion: several hostages dead, numerous others injured, some critically.
Repercussions were immediate: the HK government issued a travel alert telling their citizens NOT to go to the country and for those citizens already in the country to either leave or take precautions. For sure, other countries will follow suit. And even if they don’t, a lot of travel plans are definitely going to change. That’s not good for tourism and foreign investments. The decline in stocks today can partly be attributed to this.
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