Supply- and Demand-side Moat Economics in Europe and Asia. Bamboo Innovator is featured in BeyondProxy.com, where value investing lives

Bamboo Innovator is featured in BeyondProxy.com, where value investing lives:

  • Supply- and Demand-side Moat Economics in Europe and Asia, July 10, 2013 (BeyondProxy)

Moat Economics

Worthless, Impossible and Stupid: How Contrarian Entrepreneurs Create and Capture Extraordinary Value

Worthless, Impossible and Stupid: How Contrarian Entrepreneurs Create and Capture Extraordinary Value

by Daniel Isenberg  (Author)

Isenberg

Introducing the global mind-set changing the way we do business.
In this fascinating book, global entrepreneurship expert Daniel Isenberg presents a completely novel way to approach business building—with the insights and lessons learned from a worldwide cast of entrepreneurial characters. Not bound by a western, Silicon Valley stereotype, this group of courageous and energeticdoers has created a global and diverse mix of companies destined to become tomorrow’s leading organizations. Worthless, Impossible, and Stupid is about how enterprising individuals from around the world see hidden value in situations where others do not, use that perception to develop products and services that people initially don’t think they want, and ultimately go on to realize extraordinary value for themselves, their customers, and society as a whole. What these business builders have in common is a contrarian mind-set that allows them to create opportunities and succeed where others see nothing. Amazingly, this process repeats itself in one form or another countless times a day all over the world. From Albuquerque to Islamabad, you will travel with Isenberg to discover unusual yet practical insights that you can use in your own business. Meet the founders of Grameenphone in Bangladesh, PACIV in Puerto Rico, Sea to Table in New York, Actavis in Iceland, Studio Moderna in Slovenia, Hartwell Metals in Hong Kong and Southeast Asia, Given Imaging in Israel, WildChina in China, and many others. You’ll be moved by the stories of these plucky start-ups—many of them fueled by adversity and, more often than not, by necessity. Great stories, stunning successes, crushing failures—they’re all here. What can we, in the East and West, learn from them? What can you learn—and what will these entrepreneurial stories, so compellingly told, inspire you to do? Let this book open doors for you where you once saw only walls. If you’ve ever felt the urge to turn a glimmer of an idea into something extraordinary, these stories are for you. Read more of this post

The Inner Game Of Everything: Why Is A Four-Decade-Old Tennis Book Still A Self-Help Sensation?

The Inner Game Of Everything: Why Is A Four-Decade-Old Tennis Book Still A Self-Help Sensation?

A Harvard English major wrote The Inner Game of Tennis in 1972. A million copies later, its ideas are still some of the most influential in sports — and beyond, taken seriously by actors, politicians, and even sex researchers. What’s its secret? Maybe that there is no secret.posted on July 5, 2013 at 2:36pm EDT

Reeves WiedemanBuzzFeed Contributor

The fall of 2006 was not a good one for Lawrence Jackson. Earlier that year, he had ended his sophomore season as a defensive end at the University of Southern California with 16 career sacks and his name high on a number of NFL draft boards. “People were asking me if I was gonna leave after that year,” Jackson recalled recently. “I decided to go back, and part of that was to improve my numbers.” But eight games into his junior year, Jackson’s sack total remained stuck at 16. Against Oregon State, in October, the Trojans gave up 33 points, and USC was knocked from the national title race. Jackson hadn’t managed a solo tackle, much less a sack. Fans changed his nickname from “LoJack” to “NoSack.” The following week, immediately after another sack-less game against Stanford, he learned that a close relative had been killed in a car accident. “It was just a lot of pressure, and a lot anger and frustration,” he said. “Nothing was going right.” Read more of this post

The Inner Game of Tennis: The Classic Guide to the Mental Side of Peak Performance

The Inner Game of Tennis: The Classic Guide to the Mental Side of Peak Performance

by W. Timothy Gallwey  (Author) , Zach Kleiman (Preface) , Pete Carroll (Foreword)

images (19)

Amazon.com Review

A phenomenon when first published in 1972, the Inner Game was a real revelation. Instead of serving up technique, it concentrated on the fact that, as Gallwey wrote, “Every game is composed of two parts, an outer game and an inner game.” The former is played against opponents, and is filled with lots of contradictory advice; the latter is played not against, but within the mind of the player, and its principal obstacles are self-doubt and anxiety. Gallwey’s revolutionary thinking, built on a foundation of Zen thinking and humanistic psychology, was really a primer on how to get out of your own way to let your best game emerge. It was sports psychology before the two words were pressed against each other and codified into an accepted discipline. The new edition of this remarkable work–Billie Jean King called the original her tennis bible–refines Gallwey’s theories on concentration, gamesmanship, breaking bad habits, learning to trust yourself on the court, and awareness. “No matter what a person’s complaint when he has a lesson with me, I have found the most beneficial first step,” he stressed, “is to encourage him to see and feel what he is doing–that is, to increase his awareness of what actually is.” There are aspects of psychobabble and mysticism to be found here, sure, but Gallwey instructs as much by anecdote as anything else, and time has ultimately proved him a guru. What seemed radical in the early ’70s is now accepted ammunition for the canon; the right mental approach is every bit as important as a good backhand. The Inner Game of Tennis still does much to keep that idea in play. –Jeff Silverman

From the Inside Flap

The Inner Game of Tennis is a revolutionary program for overcoming the self-doubt, nervousness, and lapses of concentration that can keep a player from winning. Now available in a revised paperback edition, this classic bestseller can change the way the game of tennis is played.

The Innovation Mindset in Action: Jerry Buss (1933-2013), the longtime LA Lakers owner who rose from an impoverished Depression-era childhood to the Basketball Hall of Fame and ultimately transformed the sport of basketball

The Innovation Mindset in Action: Jerry Buss

by Vijay Govindarajan and Srikanth Srinivas  |  11:00 AM July 9, 2013

Innovators think and do things differently in order to achieve extraordinary success. They are found not just in the world of business, although they do have strong leadership qualities and excellent business sense as a common core. Our research indicates that whether they are CEOs, senior executives, sports team owners, or film directors, game changers who stand head and shoulders above the rest share a common set of qualities that we call the innovation mindset. In a series of blog posts, we’ll introduce a few game changers and explore the common qualities that make them such effective innovators: they see and act on opportunities, use “and” thinking andresourcefulness, focus on outcomes, and act to “expand the pie.” Regardless of where they start, innovators persist till they successfully change the game. Take, for example, Jerry Buss (1933-2013), the longtime LA Lakers owner who rose from an impoverished Depression-era childhood to the Basketball Hall of Fame and ultimately transformed the sport of basketball. Innovators connect the dots differently and see opportunities that others don’t. They seize opportunities that others don’t dare to. Read more of this post

Why Fights Erupt in Family Businesses

Why Fights Erupt in Family Businesses

by Josh Baron and Rob Lachenauer  |  12:00 PM July 9, 2013

Two brothers sharing ownership in a fourth-generation concrete business had a bitter falling out over an unlikely issue: a sailboat. The older sibling accused the younger of dipping into the till to support his racing habit. The younger brother struck back by issuing an ultimatum: buy out my share of the company, or sell me yours. An ugly fight ensued, affecting the business, the family, the employees, and the customers.

The rift between these two men — the father and uncle of a colleague of ours — never healed. Both men went to their graves without speaking another word to one another; their children grew up as strangers instead of cousins. Read more of this post

Why So Many Leadership Programs Ultimately Fail

Why So Many Leadership Programs Ultimately Fail

by Peter Bregman  |  10:00 AM July 10, 2013

The topic in the Executive Committee meeting turned to Europe. The technology company, Alentix*, was doing well and growing annually at the rate of about 15%. But its European division was struggling. It had been five years since the region turned a profit.

Yet no one had addressed that issue. Jean, the head of the Europe office, had been with the company longer than anyone else around the table — he had strong ties with the board — and the topic seemed untouchable. Read more of this post

Wide Moat Investing Summit 2013 (July 9-10): Bamboo Innovator presents “Wouldn’t it be nice if we can invest BEFORE the economic moat is obvious?”

REITs Deepening Bond Losses as Leverage Forces Sales

REITs Deepening Bond Losses as Leverage Forces Sales

Annaly Capital Management Inc. (NLY)’s Wellington Denahan, head of the largest mortgage real-estate investment trust, told investors less than three months ago that reports REITs could threaten U.S. financial stability were as misleading as the media frenzy over shark attacks in 2001.

Since the May 2 comments, shares of the companies, which use borrowed money to make $400 billion in credit market bets, have dropped about 19 percent and the value of their assets has plunged after the Federal Reserve triggered a flight from bond funds by signaling plans to slow its debt-buying program.

REITs may have needed to sell about $30 billion of government-backed mortgage securities in just one week last month to maintain the amount of borrowing relative to their net worth, according to JPMorgan Chase & Co. Those types of sales deepened losses in the mortgage-bond market, which had the worst quarter since 1994, accelerated the exit from fixed-income funds and fueled a jump in home-loan rates to a two-year high. Read more of this post

World Cup Billionaire Mata Pires Stirs Brazil Protests Over Stadiums

World Cup Billionaire Stirs Brazil Protests Over Stadiums

Cesar Mata Pires represents everything protesters in Brazil detest.

When demonstrators across the country swarmed new World Cup soccer stadiums last month amid a haze of tear gas and rubber bullets, one placard punctuated their anger over the government’s decision to finance the arenas at the expense of taxpayers, which enriched a handful of well-connected tycoons while neglecting public services.

The sign, which said “The $ for Education Went to OAS,” took aim at the construction company owned by Mata Pires, which has emerged as one of the biggest winners in the building boom leading up to the World Cup and the 2016 Olympics. It also has made its 63-year-old chief executive a billionaire. Read more of this post

Worst Dim Sum Baosteel Shows Smokestack Troubles

Worst Dim Sum Baosteel Shows Smokestack Troubles

Baosteel Group Corp. was the worst-performing high-grade corporate Dim Sum bond in the past month as Premier Li Keqiang sacrifices economic growth during a shakeup of smokestack industries.

The yield on March 2017 debt of Baosteel, China’s third-largest steelmaker, rose 102 basis points and touched a record 4.87 percent on July 5, data compiled by Bloomberg show. That was the most among non-financial issuers on HSBC Holdings Plc’s investment-grade Dim Sum index, as average yields on the yuan debt sold offshore climbed 79 basis points to 4.01 percent. U.S. industrial companies pay 2.43 percent for three- to five-year debt, according to Bank of America Merrill Lynch indexes. Read more of this post

Weibo to introduce e-commerce platform

Weibo to introduce e-commerce platform

Staff Reporter

2013-07-10

After the launch of an online shopping service in cooperation with Alibaba’s Taobao — one of China’s leading e-commerce websites — Sina Weibo, the country’s most popular microblogging service, has enabled online shoppers to check the status of their parcels, representing another major step towards its commercialization, reports the Beijing-based China Entrepreneur magazine. Online shoppers can now use Weibo to check the payment and shipment status for orders placed within a three month period. They can also use dedicated mobile phones in partnership with Weibo to check and receive information on orders, thereby closely monitoring the latest handling status of their items, the report said. Read more of this post

China Seen Widening Car-Purchase Limit to Fight Pollution; “More cities will introduce purchase restrictions. This is just the beginning of a long-term trend.”

China Seen Widening Car-Purchase Limit to Fight Pollution

China, the biggest emitter of greenhouse gases, plans to widen the number of cities curbing auto purchases to fight pollution and congestion, threatening vehicle sales, the government-backed car association said. Eight cities — Chengdu, Chongqing, Hangzhou, Qingdao, Shenzhen, Shijiazhuang, Tianjin and Wuhan — will probably introduce measures limiting auto purchases, Shi Jianhua, deputy secretary general of the China Association of Automobile Manufacturers, said in a briefing in Beijing today, without being more specific about the timing. Such limitations could cut vehicle deliveries by 400,000 units, or 2 percent of nationwide sales, and undermine economic growth, Shi said. If introduced, the measures may triple the number of Chinese cities — Beijing and Shanghai have vehicle quotas — imposing curbs on automobiles as public anger grows over worsening congestion and air pollution.

Read more of this post

Warren Buffett, the Human Big Data Engine

Warren Buffett, the Human Big Data Engine

Posted May 3, 2013 by Chanu Darmarla in Big DataThought Leadership

Warren Buffett is one of the world’s most successful investors. By combining a sound investment philosophy with a bullet-proof decision-making process, Buffet has been able to outperform the stock market by roughly 13% over a 35-year period. Buffett spends countless hours researching each of his equities. Before making a decision, he reads annual reports, news publications and any other information he can get his hands on. His decisions are informed by research, and based on the strict fundamentals that work best for his style of investing. The way Buffett operates is not unlike the best use cases for big data. Among other things, his success lies in his ability to make good decisions in accordance with quality benchmarks. This is the key to using big data well, and to business success in general. Big data users can learn from Warren Buffett. His brain, in effect, is a kind of big data engine. Here are three lessons that Buffett provides for big data users:

1. Know What You’re Looking For

By analyzing large amounts of data from diverse sources, we can gain context and correlations that wouldn’t have otherwise occurred to us. Buffett pulls from actuary reports and bond publications; big data can suck information out of nearly everything, from social media to expense reports. But it is all for nothing if you don’t know what you’re looking for. You need structure around your queries. Buffett has a few rules of thumb. He looks for low-volatility stocks with a low price-to-book ratio. They should be profitable and growing, among other considerations. Similarly, if you ask your data analytics platform the right questions, you’ll know the best answers when you see them. Perhaps you’re looking for a Scotch-drinking customer base that prefers premium product and prioritizes convenience over shopping around. If you know that before you ask your data engine to generate their social media preferences, you’ll get a much better result than if you asked the same question about Scotch drinkers in general. Read more of this post

The only community you need to worry about are the people who buy your stuff; They’re the only ones who truly appreciate your value, and they’re the only ones who have any interest in seeing you succeed

The only community you need to worry about

BY FRANCISCO DAO 
ON JULY 9, 2013

Social media advocates will tell you it’s no longer enough for a business to just have customers or even fans. They have to have an active community of “influencers,” “brand advocates,” and a designated community manager to keep them all warm and happy. As usual, the smankers have it wrong. They think your community is who likes you on Facebook or who attends your launch party. Such people have no commitment to you and are basically just using you for whatever they can get for free. Stop worrying about managing this false community. The only group you need to worry about are the people who buy your stuff. Unless someone is an actual customer, they haven’t experienced your product or service, which means whatever they have to say about your brand is coming from a place of limited knowledge. Furthermore, it is highly unlikely that someone who is not a customer can legitimately identify with, or has any emotional attachment to, your product or service. There’s really no way for them to be a credible advocate for what you offer. Read more of this post

The most dangerous unforced errors: Major, self-inflicted mistakes can undermine a career – or an entire life

July 9, 2013 4:57 pm

The most dangerous unforced errors

By Luke Johnson

Major, self-inflicted mistakes can undermine a career – or an entire life

As Wimbledon has just ended, it feels appropriate to discuss the subject of unforced errors. I’m not referring to shots on a tennis court: I’m talking about big, self-inflicted mistakes that can undermine a commercial career – or indeed an entire life.

● One of the worst blunders is to be insufficiently optimistic when favourable circumstances present themselves. Great business and substantial market openings are rare. To cast them aside too swiftly is a frequent failing. After we took Topps Tiles public in 1997, the shares rose threefold, and it seemed to me that the stock market was overexcited – so I sold a big chunk of my holding. But the journey was only just beginning. The stock climbed at least 500 per cent more over the following years: I could only watch in irritation at the ascent. Gordon Moore, who went on to found Intel, said: “My biggest mistake at Fairchild [Semiconductor] was not appreciating how big the business for integrated circuits would be.” Read more of this post

7 Founders That Got Kicked Out By Their Own Company

7 Founders That Got Kicked Out By Their Own Company

INC STAFFINC. JUL. 9, 2013, 6:25 PM 12,431

Men’s Wearhouse made headlines recently when it decided to can its TV spokesman and founder George Zimmer. This type of thing happens all the time, says Noam Wasserman, a professor at Harvard Business School. Sometimes their passion detracts from their management skills and they aren’t suited to run the companies their start-ups grow into. Here are seven more founders who learned the hard way.

Martin Eberhard, Tesla

Tesla Motors might be synonymous with the name Elon Musk, but the company has two founders. In 2007, Tesla fired Martin Eberhard from his post as president, but apparently signing a”non-disparagement agreement” didn’t stop him from sounding off on the company. In 2009, Eberhard sued Musk for libel and breach of contract, as well as taking credit for developing Tesla’s Roadster. The suit also claimed Tesla had withheld his severance pay as a consequence of violating the non-disparagement clause. Read more of this post

Lessons from the first millionaire online teacher

Lessons from the first millionaire online teacher

BY SARAH LACY 
ON JULY 8, 2013

Software programming? Yeah it’s an okay way to  make a living. But the real money is in teaching.

Or at least that’s the recent experience of Scott Allen, a programmer and teacher the tech-y online education platform Pluralsight.com. Allen has earned more than $1.8 million through fees and royalties from Pluralsight over the last five years. He says each monthly royalty check has increased in size over that period — the smallest increase being 10 percent month-over-month. That far outdid his expectations when he started making educational videos for Pluralsight. “It’s amazing,” he says.

I got pitched this story this morning with the subject line “Online ed’s first millionaire teacher.” I was drawn to it, because I could imagine the same story being pitched about blogging or online journalism several years ago. There are a lot of parallels between what those two industries are going through, and how each are grappling with the Web’s potential for disruption. Read more of this post

The future is in creativity, not mere productivity

The future is in creativity, not mere productivity

Organisations have nearly perfected the industrial model of managing work. For individuals, this model ensures that we know what we are supposed to do each day. For organisations, it guarantees predictability and efficiency.

4 HOURS 31 MIN AGO

Organisations have nearly perfected the industrial model of managing work. For individuals, this model ensures that we know what we are supposed to do each day. For organisations, it guarantees predictability and efficiency. The problem with this model is that work is becoming commoditised at an increasing rate, extending beyond manual tasks into knowledge work, as data entry, purchasing, billing, payroll and similar responsibilities become automated. Organisations are finding that it is increasingly difficult to draw value from the optimisation of repetitive work. The value of products and services today is based more and more on creativity — the innovative ways that products take advantage of new materials, technologies and processes. Read more of this post

Loro Piana Brothers Become Billionaires Selling Cashmere

Loro Piana Brothers Become Billionaires Selling Cashmere

Sergio and Pier Luigi Loro Piana, the brothers who head Italian cashmere clothier Loro Piana SpA, have emerged as billionaires after agreeing to sell 80 percent of the family-owned company to LVMH Moet Hennessy Louis Vuitton SA (MC).

LVMH’s 2 billion euro ($2.57 billion) purchase is subject to approval by competition authorities, the Paris-based company said yesterday in a statement. The deal gives Quarona, Italy-based Loro Piana an enterprise value of 2.7 billion euros. Enterprise value is defined as market capitalization plus debt minus cash. The Loro Piana brothers will retain 20 percent of the business, LVMH said. Read more of this post

Spanish message in a bottle; Carlos Moro has nurtured a flourishing winery based on patents; sales at Matarromera, one of Spain’s top 20 wine groups by sales, have risen by 43 per cent, fuelled by a surge in exports, since the start of the crisis

July 9, 2013 5:32 pm

Spanish message in a bottle

By Tobias Buck

World view: Carlos Moro says Matarromera was based on globalisation ‘before people spoke about globalisation’

When Carlos Moro wants to show off the heart of his winery group, he takes visitors neither to the famous vineyards that dot the Spanish region of Ribera de Duero, nor to the dark cavernous halls that house hundreds of oak barrels filled with the latest vintages.

Instead, he opens the door to a brightly lit laboratory on the first floor of a bodega, or winery, just outside the village of Valbuena. Perched at computer screens and scientific instruments are more than a dozen researchers in white lab coats. The walls are covered with posters of molecules and technical diagrams explaining some of the seven patents awarded to the winery in recent years. There is not a corkscrew or wine bottle in sight. Read more of this post

Rare Mutation Ignites Race for Cholesterol Drug

July 9, 2013

Rare Mutation Ignites Race for Cholesterol Drug

By GINA KOLATA

jpHEART-1-articleLarge

LARGE SCALE Amgen is preparing three sites, including a 75-acre plant in Rhode Island, to make a cholesterol drug if production is approved.

She was a 32-year-old aerobics instructor from a Dallas suburb — healthy, college educated, with two young children. Nothing out of the ordinary, except one thing. Her cholesterol was astoundingly low. Her low-density lipoprotein, or LDL, the form that promotes heart disease, was 14, a level unheard-of in healthy adults whose normal level is over 100. The reason was a rare gene mutation she had inherited from both her mother and her father. Only one other person, a young, healthy Zimbabwean woman whose LDL cholesterol was 15, has ever been found with the same double dose of the mutation. The discovery of the mutation and of the two women with their dazzlingly low LDL levels has set off one of the greatest medical chases ever. It is a fevered race among three pharmaceutical companies, Amgen, Pfizer and Sanofi, to test and win approval for a drug that mimics the effects of the mutation, drives LDL levels to new lows and prevents heart attacks. All three companies have drugs in clinical trials and report that their results, so far, are exciting. Read more of this post

Investing for a rapidly changing world

July 5, 2013 6:51 pm

Investing for a rapidly changing world

By Norma Cohen, Demography Correspondent

The news on the population front often could not appear more grim – longer working lives, less spending and more saving, higher taxes, and a greater likelihood of chronic or degenerative diseases, such as Alzheimer’s. But there is a silver lining. There is a way to profit from the current unprecedented pace of population change and several large fund management groups are turning their collective hands to doing just that. Read more of this post

Seoul braces for a slowdown; S Korea is trying to find best balance between intervention and market forces at times of stress

July 9, 2013 5:46 pm

Inside Business: Seoul braces for a slowdown

By Henny Sender

S Korea is trying to find best balance between intervention and market forces at times of stress

Asia is bracing for harder times once again. “The oxygen is getting thinner,” noted Frederic Neumann, HSBC’s Asian regional economist, as he slashed growth projections for the region in a report this week. One early straw in the wind was the decision by South Korea’s new government of Park Geun-hye some weeks ago to quietly cancel the planned privatisation of Korea Development Bank, one of Seoul’s principal policy arms. The decision is understandable. As a relatively open economy that lacks the continental dimensions of its neighbour, South Korea is among the countries that are potentially most exposed to the harder economic times. About a quarter of its exports go to China. So when economic growth in its neighbour slows, South Korea also slows. Read more of this post

The send-a-box boom: A slew of young startups have embraced a subscription model wherein customers receive a box of items at their doorstep — but can the model have lasting success?

The send-a-box boom

July 9, 2013: 3:26 PM ET

A slew of young startups have embraced a subscription model wherein customers receive a box of items at their doorstep — but can the model have lasting success?

By Andres Vaamonde, reporter

FORTUNE — Maybe the best things do come in small packages. In an age when consumers can get nearly everything they want online, a number of small new companies are gaining traction not by sending consumers precisely what they’ve ordered, but by surprising them with curated boxes. Birchbox, Merchbox, NatureBox, and BarkBox all make use of the marvel of surprise. Even without “box” in the name, Quarterly.co and, to an extent, Dollar Shave Club, do the same. One part of the process is similar to how the big mainstream e-tailers function: People can place orders and see precisely what they’ll get and when. But in contrast to an Amazon (AMZN) or eBay (EBAY), with these companies — call them “send-a-box” services — signing up is, in most cases, the full extent of the customer’s participation in selecting products. Then they receive a package in the mail every month or few months (varying by company) filled with anything from little-known vinyl records (Merchbox) to makeup samples (Birchbox) to dog treats and toys (BarkBox). Read more of this post

Britain battles to build tech giant as home-grown talent goes West

Britain battles to build tech giant as home-grown talent goes West

7:08am EDT

By Paul SandleDasha Afanasieva and Tommy Wilkes

LONDON (Reuters) – East London’s technology hub is established well beyond start-up status: Thousands of new web firms now work in the offices around Old Street and on any given day the area’s coffee shops buzz with young hopefuls meeting advisers and investors.

Britain’s government has christened the area “Tech City” and makes no secret of its hope that the entrepreneurial ventures being dreamed up there can spearhead an economic boost to lift the country out of a long recession. Read more of this post

Since the first quarter of 2005, Microsoft’s online division has lost $10.9 billion.

Steve Ballmer’s Huge Reorg Of Microsoft Could Bury One Of The Company’s Biggest Embarrassments

JAY YAROW JUL. 9, 2013, 11:12 AM 15,119 14

Microsoft may be about to bury one of its biggest quarterly embarrassments.  Kara Swisher at All Things D reports CEO Steve Ballmer is going to announce a big reorganization of the company this Thursday. As part of the reorg, Microsoft’s earnings reports could be totally different. Swisher says Ballmer is considering mashing up the reporting of the company’s divisions. This would allow Microsoft to hide the atrocious performance of its Online Services Division, which is made up of Bing, MSN, and other pieces. Every quarter Microsoft reports earnings, we run a chart showing the giant losses from OSD. Last quarter, for instance, Microsoft’s online division had an operating income loss of $262 million. And that’s a big improvement!  Since the first quarter of 2005, Microsoft’s online division has lost $10.9 billion.  Read more of this post

Chinese Outsourcing Firms Bid Farewell to America after steep declines in growth and accounting scandals

Chinese Outsourcing Firms Bid Farewell to America – Economic Observer Online

By Shen Jianyuan (沈建缘)
Issue 626, July 1, 2013
On June 6, 2013 services firm iSoftStone (软通动力) announced it was delisting, the company is the last of the nine Chinese service outsourcing enterprises that listed in the U.S. over recent years to withdraw from the stock market. Prior to iSoftStone, Pactera Technology International Ltd. (文思海辉), the largest of China’s service outsourcing companies, was taken private through a management buyout, with acquisition of the remaining stock by private equity firm Blackstone Group in May 2013. Beijing-based Pactera, formed last year through a merger of HiSoft Technology International Ltd (海辉软件国际和) and VanceInfo Technologies Inc (文思信息技术公司), specialises in offering technology outsourcing and consulting services to blue-chip companies around the world. Read more of this post

It will take more than tech to solve traffic problems in Asian cities

It will take more than tech to solve traffic problems in Asian cities

J. Angelo Racoma 5, Jul 2013Featured 

Tripid co-founder Michael Ngo Dee says it will take much more than technology to fix “broken” transportation systems, a big cause of Asia’s traffic woes.

Mass transit in the Philippines is not as efficient as in cities like, say, Singapore, New York or Brazil. Just in Manila, for instance, you would usually need to line up for about an hour or so just to ride the jam-packed MRT during rush hour. Taking the bus or jeepney is just as inefficient, as these public utility vehicles would usually bunch up on select areas in their route while competing for passengers, thereby causing traffic jams. Private motorists are not helping at all — you can still see a lot of big cars with only one passenger plying the streets, which is such a waste. Read more of this post

China Leaves Sour Taste at Yum Brands; Dependency on the Country Has Come Home to Roost After Poultry Scandal There

July 9, 2013, 6:53 p.m. ET

China Leaves Sour Taste at Yum Brands

Dependency on the Country Has Come Home to Roost After Poultry Scandal There

SPENCER JAKAB

MI-BX068_YUMTAP_NS_20130709183304

While not quite putting all its eggs in one basket, fast-food chain Yum Brands Inc.YUM +0.70% has leaned heavily on the popularity of fried chicken in China. That dependency has come home to roost in recent months as a poultry scandal in late 2012 and then an avian-flu outbreak this spring drove customers away. Although KFCs in China account for just over a 10th of Yum’s restaurant count globally, it owns all of them and they are the bulk of a Chinese business that contributed 42% of Yum’s “segment profit” in 2012. Restaurants elsewhere are largely franchised and have less earnings impact. Read more of this post

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