Geopolitical uncertainty has prompted the move of global wealth. Intensifying the power struggle within the China Communist Party (CCP), the crackdown on democracy and human rights in Hong Kong have turned both places into a country/region with a large outflow of tycoons. It is projected that the net outflow of high net worth individuals (HNWI)…
Henley & Partners Report: Russia, China Top-Ranked in Net Outflows of Millionaires in 2022, Hong Kong Ranks No. 4
Hong Kong Experiences Shortage of Skilled Auditors Amid Emigration Wave
Hong Kong is facing an exodus of educated workers on a scale not seen since the early 1990s, that is impacting the city’s many functions, including auditing services. According to the Financial Reporting Council (FRC), Hong Kong’s audit regulator, the emigration of experienced staff has resulted in a shortage of qualified auditors in the city,…
Americans on the Move, Looking for Less Populated and Greener Pastures
“Vote with your feet,” said President Ronald Reagan in 1982. Forty years later, many Americans are still heeding his advice and moving to what they see as greener pastures. Florida, with its sunshine, warmth, and no individual state income tax, is a big draw, as demonstrated by the annual study of interstate migration by United…
London Banking Job Exodus to EU Slows Despite Brexit
LONDON—The number of finance jobs shifting from Britain to the European Union due to Brexit is less than initially expected despite billions of euros in share trading moving to the bloc and London losing most of its access to EU capital markets, consultants EY said on Monday. After Britain voted in 2016 to exit the…
The Root Cause of People Leaving California | Joel Kotkin
Is the California dream fading? According to my guest today, it is. We are re-airing this interview with Chapman University Professor Joel Kotkin, where he discusses some of the main reasons people are moving out of California. California Insider is an Epoch Times show available on YouTube, Rumble, Youmaker, and The Epoch Times website. It…
Truth Behind the Mass Exodus of California Businesses | John Moorlach
CEO magazine has listed California as the 50th worst state for business! Why are we at the bottom? My guest today is John Moorlach, a former California State Senator. Today he will discuss how lawmakers in Sacramento are passing laws that are driving businesses and jobs out of state. California Insider is an Epoch Times…
More Than an Exodus: Dropping Birth Rates Threaten California’s Future
June 18, 2021
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As California’s population drops due to a mass exodus of residents escaping high taxes, exorbitant housing costs, and increasing homelessness, there’s another factor that’s been quietly contributing to the downturn: the declining birth rate. Data shows that while the Golden State’s population continues to grow old, young adults are having fewer kids. John Moorlach, a…
Booming Housing Market Creates Shifts in SoCal Moving Patterns
Many potential buyers have been undeterred by rising home prices throughout Southern California, despite high unemployment and cutthroat competition for houses entering the market, say realtors. Others, however, say they’ve been priced out of the state and have decided to leave—especially young, potential first-time buyers. Some experts are calling for a hike in mortgage interest…
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