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SocGen’s Black Swan Risk Map

HERE IT IS: SocGen’s Black Swan Risk Map

Sam Ro | Mar. 19, 2013, 8:49 AM | 3,543 | 4

Here’s Societe Generale’s review of some of the tail risks, or unlikely scenarios, out there.  For now, they believe we should be more worried about the downside risks.

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CHART OF THE DAY: The Most Outrageous Reason Why A Company Would Raise Its Dividend; senior management are compensated in options that are much more likely to increase dividends

CHART OF THE DAY: The Most Outrageous Reason Why A Company Would Raise Its Dividend

Sam Ro | Mar. 19, 2013, 8:18 AM | 1,477 | 

moneygame-cotd-031913 Read more of this post

The Fed’s Effect On Commodity Prices Has Vanished

The Fed’s Effect On Commodity Prices Has Vanished

Sam Ro | Mar. 18, 2013, 10:04 PM | 3,682 | 5

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How Data Science Is Advancing the “Nudge” to Influence Mobile Behaviors

How Data Science Is Advancing the “Nudge” to Influence Mobile Behaviors

MARCH 19, 2013 AT 2:43 PM PT

Dr. Olly Downs is SVP of Data Sciences for Globys, a big data analytics company that specializes in contextual marketing for mobile operators.

Have you added two dollars to your grocery bill to benefit a local charity? Decreased your power usage after being shown how much your neighbors were using? Had better aim when using a urinal with the image of a fly etched into the porcelain? If you answered yes, then consider yourself “Nudged.” And yes, the urinal approach is actually being used in Amsterdam’s Schiphol Airport restrooms.

Attributed to Richard Thaler and Cass Sunstein in their best-selling book “Nudge: Improving Decisions about Health, Wealth, and Happiness,” a “Nudge” is a signal — which could be contextual or environmental versus written or verbal — that changes the behavior or decision that a human will make.

The original test of this theory was in a Chicago school district where they changed how food was laid out in the school cafeteria. This had a 35 percent positive impact in the consumption of healthier foods, without actually restricting the overall choices of foods available.

Leveraging a variety of different strategies, such as default settings, information as incentive and right context, companies have proven the ability to change someone’s behavior through a successful Nudge. Read more of this post

India’s World Startup Report Is Released And The Future Of Technology Looks Bright For The Country

India’s World Startup Report Is Released And The Future Of Technology Looks Bright For The Country

DREW OLANOFF

posted yesterday

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Singapore’s leading inventor Nelson Cheng: ‘I go around looking for trouble’

Singapore’s leading inventor: ‘I go around looking for trouble’

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S’pore’s leading inventor Nelson Cheng reveals how he comes up with ideas. -TNP
Jennifer Dhanaraj

Wed, Mar 20, 2013
The New Paper

SINGAPORE – Meet Singapore’s leading inventor.

And when he says “eureka” – it is potentially worth a couple of million dollars.

Mr Nelson Cheng, 56, is the president and founder of local chemical company Magna International.

According to the Intellectual Property Office of Singapore (Ipos), while the Agency for Science, Technology and Research (A*Star) – the nation’s lead agency for scientific research – has consistently been the local leader in applying for patents, the individual who has obtained the most patents is Mr Cheng.

He has eight patents locally – which, according to him, already have a commercial value of “hundreds of millions”.

When we meet him in his office on Enterprise Road, the wall of its conference room is adorned with gold and silver certificate plaques of successful patent grants from all over the world.

In all, he has filed 16 patents worldwide. These include ones in Taiwan and the European Union for the same inventions that he has patented here. This is to “protect his inventions” in overseas markets.

“Every time I am awarded a patent, I still feel immense joy. It never gets old,” he says with a twinkle in his eye.

His innovations range from biodiesel lubricants to corrosion inhibitors that can be used in the commercial, industrial and even military sectors.

Mr Cheng filed his first patent with Ipos in 2007 – and it was a long, drawn out process. Read more of this post

Why Workers Welcomed Long Hours of Industrial Revolution

Why Workers Welcomed Long Hours of Industrial Revolution

Writers and academics often show an interesting ambivalence about industrialization. Today, they regard it as a blessing, the single-most-effective way to lift people out of poverty. But in thinking about Britain’s Industrial Revolution, they have tended to reach the opposite conclusion: The rise of the factory, they argue, caused the end of more “natural” working hours, introduced more exploitative employment patterns and dehumanized the experience of labor. It robbed workers of their autonomy and dignity.

Yet if we turn to the writing of laborers themselves, we find that they didn’t share the historians’ gloomy assessment. Starting in the early 19th century, working people in Britain began to write autobiographies and memoirs in ever greater numbers. Men (and occasionally women) who worked in factories and mines, as shoemakers and carpenters, and on the land, penned their stories, and inevitably touched on the large part of their life devoted to labor. In the process, they produced a remarkable account of the Industrial Revolution from the perspective of those who felt its effects firsthand — one that looks very different from the standard historical narrative.

More Hours

First, working-class writers put a very different spin on the increase in working hours that accompanied industrialization. The autobiographies make clear that in pre- industrial Britain, there simply wasn’t enough work to go around. As a result, few people were fully employed throughout the year. This gave them leisure time, but it also left most families eking out an uncomfortable living on the margins. Read more of this post

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