Christie's auction mirrors the real market
The latest Christie's auction at London cannot be called an unqualified success. Only some 56% of the lots sold. Also there appears to be some attempt at "buying in" to obscure individual results. But all in all, it reflects the market faithfully. Certainly the ranking system it reflects is faithful enough.

No kidding: 50 students go on Net every day
The easy accessability of the intenet connections coupled with subsidised offer by the Videsh Sanchar Nigam (VSNL) has led to the wide popularity of the internet among students. Out of over 100,000 connected to the VSNL internet service, around 18,000 are student subscribers.

Hong Kong property bubble goes pop
Hong Kong's property bubble has burst and there is no bottom in sight for a market that boasted some of the most expensive homes in the world eight months ago. Prices have plunged by up to 50% since October when Asia's financial turmoil swept over this former British colony, triggering a property and stock market crash. The once-proud residential sector is now in despair.

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