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Maternal love under streetlight: Mother accompanies daughter to study beside road

Maternal love under streetlight: Mother accompanies daughter to study beside road

(People’s Daily Online)    09:11, September 17, 2013

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Sanitation worker Wu Weixiu helps her daughter with her homework under streetlight

Tang Dingrui, 7, studies beside the road under streetlight every night in Yibin city, southwest China, while her mother, a sanitation worker, cleans road near her.  Wu Weixiu, 38, divorced, lives with her 60-year-old mother and Tang Dingrui. Wu has to do all housework after work, and because of outdoor work, she looks older than her real age. “My mother is illiterate, so she cannot help with my daughter’s homework. Also Tang was born shortsighted, no one can take care of her, so I have to take her with me after school hour. ” Wu feels guilty to her daughter. During her break, she checks her daughter several times and sometimes she reads textbook with her.  But Tang has a positive mind. “My mom has no money to treat my eyes, but she buys new glasses for me every year,” she said happily. Tang has another explanation as to why she does homework under streetlight, saying “streetlight is brighter than the light in my home, and my mom can save electricity expense if I study here.”

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Tan Xiaozhen, 101-year-old woman who doesn’t have subsistence allowance, earns her own living by collecting and selling foam boxes in southwest China’s Guizhou Province.

Centenarian scavenger in SW China

2013-09-18 01:24:46 GMT2013-09-18 09:24:46(Beijing Time)  SINA English

By Yu Runze, Sina English

Tan Xiaozhen, 101-year-old woman who doesn’t have subsistence allowance, earns her own living by collecting and selling foam boxes in southwest China’s Guizhou Province. “I arrived in Guizhou over 50 years ago. However, I don’t have a household register in this city,” the old woman said.

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China Developer’s 20% Loan After Bank Rebuff Signals Risk

China Developer’s 20% Loan After Bank Rebuff Signals Risk

China property developer Zhang Fuguo was rejected by banks for a loan to help keep building two office towers in the central city of Zhengzhou. So he turned to a manufacturer of water and gas meters. The 50 million yuan ($8.2 million) loan last month at a 20 percent interest rate will help Zhang pay workers and buy materials and was like “delivering coal on a snowy day,” he said. It was less so for one board member at lender Henan Suntront Technology Co. (300259), who abstained from approval on concern that Zhang’s company would fail to repay the debt. So-called entrusted loans, in which banks are “entrusted” with funds as middlemen between companies, increasingly grease the wheels of China’s economy, withstanding a crackdown on shadow banking this year and rising to a record 293.8 billion yuan in August. The increase was part of a surge in non-bank credit that may add to default risks threatening Premier Li Keqiang’s efforts to sustain 7 percent expansion this decade. Read more of this post

Researcher Puts China’s Local Government Debt at $3.3 Trillion

September 17, 2013, 6:46 a.m. ET

Researcher Puts China’s Local Government Debt at $3.3 Trillion

BEIJING—A Chinese government researcher estimates that China’s practices of borrowing heavily to fuel investment-driven growth have as much as doubled local government debt in just two years to around 20 trillion yuan ($3.3 trillion). The researcher, Liu Yuhui of the Chinese Academy of Social Sciences, said the current dependence on heavy borrowings to drive rapid economic growth is unsustainable. Read more of this post

Playing It Safe Is Riskier than You Think

Playing It Safe Is Riskier than You Think

by Bill Taylor  |   9:00 AM September 17, 2013

There are all sorts of reasons why so many big organizations can be slow to make changes that everyone agrees need to be made. “Our current margins are too good, even though the business is being eroded by new competitors.” “Our current products are still popular, even though a new generation of offerings is getting traction.” “Our current distribution system can’t reach the customers we need to reach to build a new business.” Read more of this post

How to find some value in hitting rock-bottom

September 17, 2013 4:27 pm

How to find some value in hitting rock-bottom

By Luke Johnson

Most large and failing companies can be saved. But they need fresh leaders

The phrase “hitting rock-bottom” is normally reserved for addicts. It defines the point at which their life cannot get worse: they either die or reinvent themselves – and recover. I believe this concept has a broader application: it can be used for companies, cities and even countries. Reaching rock-bottom is necessary for rehabilitation, because until an addict falls that far, they tend not to make the radical reforms necessary to save themselves. Without a nadir to act as a wake-up call, they are likely to remain in denial, blaming others and finding excuses for their problems – and not making the difficult changes necessary. Read more of this post

‘Time Management’ Is BS. Here’s What Works. Energy, not time, is the fundamental currency of high performance.

‘Time Management’ Is BS. Here’s What Works.

ERIC BARKERBARKING UP THE WRONG TREE SEP. 17, 2013, 4:38 PM 2,321 1

Put the schedule down for a second. Consider something I read in The Power of Full Engagement: Maybe it’s not about time. It’s about energy. Via The Power of Full Engagement:

Energy, not time, is the fundamental currency of high performance. It’s a qualitative lens instead of a quantitative one. Focusing on your time management skills sounds great but all hours are not created equal. We’re not machines and the time model is a machine model. Our job isn’t to be a machine — it’s to give the machines something brilliant to do. Do you accomplish more in three hours when you’re sleep-deprived or in one hour when you feel energetic, optimistic and engaged? This may sound fluffy but it’s an important perspective to take: 10 hours of work when you’re exhausted, cranky and distracted might be far less productive than 3 hours when you’re “in the zone.” So why not focus less on hours and more on doing what it takes to make sure you’re at your best?  Read more of this post

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