Peter Schiff is president of Euro Pacific Capital, www.europac.net.

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Even Richard Li and his Pacific Century group seem slow off the mark in the Net world.

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For the first time ever, the Asia-Pacific region, dominated by China, is now home to more high net worth individuals (HNWI) than all of Europe.

FORBES: Emerging Asia Now Has More Rich People Than Europe

The population of high net worth individuals grew 8.3% to 10.9 million, with Asia-Pacific leading in terms of overall numbers of individuals entering the ranks of millionaire.

FORBES: World's Rich Richer Than Ever; Wealth Growth Beats GDP Avgs

He came up with yet another huge goal for the Pacific Division champions, putting a perfectly placed one-timer over Howard's shoulder while gliding away from the net.

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And Cathay Pacific has seen passenger traffic between Japan and Hong Kong fall by 65%, helping to drive its normally buoyant net profits down 35% in the first half of the year.

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