We read the news, so you don’t have to.
Hong Kong is 123rd Happiest
Hong Kong has been ranked 123rd on the Happy Planet Index 2016, a measure of how nations are doing at achieving long, happy and sustainable lives. Places are ranked according to their wellbeing, life expectancy, inequality of outcomes and ecological footprint. Costa Rica topped the index, while Indonesia, Japan and China were ranked 16th, 58th and 72nd respectively.
The report noted that while westernized places tended to score well on life expectancy and wellbeing, they were given relatively low rankings due to their lack of eco-friendly measures. The index, which described America’s ecological footprint as “one of the largest in the world” at a measure of 8.2, gave Hong Kong’s footprint an 8.8.
Our take: You know what they say—money can’t buy happiness.
Fare Hike for the Peak Tram
From September 1, all fare types for the Peak Tram will be increased by up to 14 percent. Adult tickets are being raised from $28 to $32 for a single, while return tickets will cost $45, up from $40. Tickets for children and seniors will rise from $11 to $12 each, with returns going up from $18 to $20. Monthly passes for adults will increase from $500 to $540; those for children and seniors will increase from $250 to $270. It is the first time in five years that the Peak Tram has raised fares. The business has felt the pinch of Hong Kong’s 7 percent drop in tourism since last year, and revenue for
the Peak Tram fell by 3 percent in the first half of this year. Our take: We’ll gladly pay more if the fare hike means shorter queues…