EDITORIAL
No new initiatives
Donald Tsang’s policy speech fails to address serious challenges 

NEWS IN REVIEW
Major events from the past month

COVER STORY
Art: Safe haven – or not?
Art auctions are not immune from the spreading financial crisis

INSIGHTS
Back to gold
Investors should take refuge in gold to escape the clutches of US inflation  

Not the bad guys
China’s dairy industry is in turmoil, but farmers say they’re not to blame  

Real estate woes hit China
Construction projects are moving forward, but sales are falling fast

The case for second citizenships
Multiple citizenships increase investment opportunities

Managing your IT’s value
IT audits can optimise company reporting and IT ‘governance’

OPINIONS
Of juicy deals and Asian inroads
Dick Wilson: India and China gain ground with new ventures at home and abroad

Fooled by randomness
Tim Hamlett: Bankers may not have paid enough attention to “random events” that mattered 

Asia: Not immune to US financial crisis
Ian Perkin: For Asia, and it will be worse than expected

MANAGEMENT
Moving up

Winning: The Welch way
Jack and Suzy Welch discuss the causes of the stock market crisis and how to ride it out 

CEO View: Fadi Ghandour
How a small middle-Eastern logistics company has pipped global competitors to the post

New people, new problems
Hiring new people brings up the challenge of "baggage"

Leading hearts and minds toward change
How to get people on board the idea of change when it takes place often, and needs to take place fast

NUMBERS
Hong Kong and China trade fairs

FOCUS
German Achievers 
Quality and excellence from German companies in Hong Kong

LIFESTYLE
New in town

Earth fortresses
The lasting beauties of Xiamen’s centuries-old tulou homes

Matches made in heaven
Fresh food and wine pairings in Hong Kong 

Lamborghini Gallardo LP560-4
Happiness is being pedal-to-metal in this amazing beast

Food for thought: Italian
The champions of Italian cooking, right here in Hong Kong 

Distilled wisdom