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This paper retraces some of the key factors leading to the enactment of competition law in PRC and the prevailing debates for such laws to be enacted in HK. The regulatory journeys of one country under two different administrations is another interesting dimension, where one is a modern economy under a quasi-democratic government, the other is a developing one, labelled as a âmarket economy with socialist characteristicsâ under a centralised socialist government. We begin with a brief introduction to the PRC AML, followed by an overview of the act, and then address the uncertainties in various provisions as well as enforcement issues. Next part devolves into the debates in enacting competition law in HK, which til date has yet to become law. Despite the detailed proposal transplanting many ideas from the laws of other modern economies, they are some provisions that are either weak or continues to safeguard the interest of monopolies in selective sectors. This article concludes with some insights from the trials and tribulations of the new PRC law and HKâs drawn out policy dithering. Central to the experiences for both administrations is to balance between conventional wisdom in economic laws and domestic economic interests. Since, the laws in PRC are newly enacted and HK is still in the drafting process. The arguments highlighted in this paper tend to address the current concerns. The value of this comparative paper is to reveal the choice of regulatory strategies in HK and PRC.

The recent sales by the Salvation Armys Southern Territory and the St Vincent de Paul Society in NSW of their nursing homes point to a wider problem faced by many parts of Australias nonprofit sector. Faced with the need for considerable new capital investment to ensure their accommodation met new aged care standards to be introduced in 2008, and recognising the challenges that such capital raising would entail, these two leading nonprofit organisations chose to pass the problem to others that could handle it in the case of the Salvation Army a consortium containing Macquarie Bank and a large for-profit aged care provider (Macquarie Bank, 2005; Horin, 2006). Many other nonprofit organisations that over the past fifty years have built facilities such as hospitals, aged accommodation, child care and schools face similar needs to refurbish or reposition these assets and similar challenges in accessing the capital needed for the task. Capital is either difficult to raise or is inaccessible. Of greater importance perhaps, many successful nonprofits are constrained from expansion by difficulties in raising capital and many potentially important social innovations are strangled by their inability to raise start-up capital.

In international corporate circles, the general impression is that China is the next economic giant of the 21st century. This perception now seems to apply to universities the world over. The Chinese market, once closed to the world, is now arguably one of the most lucrative opportunities in the global economy. One area that is increasingly drawing international interest is education. The nation has a significant number of excellent world-class universities. However, it is estimated that by 2010 there will be 17 million excess demands for higher education places than the Chinese tertiary educational system cannot meet. This high demand for overseas tertiary qualifications has been matched by an enthusiastic supply of courses by academic institutions from Australia, New Zealand, the UK and the US. Unfortunately, given the ever tightening budgetary constraints for academic institutions in these countries, the push to meet the demand from China is dictated more by financial considerations than any lofty ideals of the intellectual merits of academic globalisation. The financial imperatives in turn dictate the strategies adopted by the institutions in their effort to meet the demand. The situation has been exacerbated by the absence of any coherent research that explores the critical issues and the practical problems associated with learning and expected outcomes in an alien cultural context.

Since its national debut in 1987, Fresh Air with Terry Gross has been a highly acclaimed and much adored weekday magazine among public radio listeners. Each week, nearly 4.8 million people turn to Peabody Award-winning host Terry Gross for insightful conversations with the leading voices in contemporary arts and issues. The renowned program reaches a global audience, with over 620 public radio stations broadcasting Fresh Air, and 3 million podcast downloads each week. Fresh Air has broken the mold of 'talk show' by weaving together superior journalism and intimate storytelling from modern-day intellectuals, politicians and artists alike. Through probing questions and careful research, Gross's interviews are lauded for revealing a fresh perspective on cultural icons and trends. Her thorough conversations are often complemented by commentary from well-known contributors. Fresh Air is produced at WHYY-FM in Philadelphia and broadcast nationally by NPR., INT. 1:Columnoist ANNA QUINDLEN. She has been a reporter since the age of 18 and is a syndicated Op-Ed columnist for the New York Times. Some of her recent columns have dealt with the double standards applied to the wives of republican and democratic presidential candidates, the rumor alleging that Clinton tried to renounce his citizenship, and the expectations that could accompany a new president. INT. 2:Writer AL YOUNG. He has been accused of not truly reflecting the black experience in his writing because he is not militant. In much of his work, however, YOUNG employs humor as means of protest. His characters have been parodies of white stereotypes of black people. His poetry has appeared in "Harper's," The New York Times, "Rolling Stone," and many other publications. He is most noted for his poetry and novels, but has also written musical memoirs and screenplays. His new book is "Heaven: Collected Poems 1956-1990." YOUNG currently is a visiting professor at The University of Michigan.(Creative Arts Book Company) REV. : Critic Maureen Corrigan has will review "Ripley under Water," a new crime novel by Patricia Highsmith.