Hunger is good discipline

2013-10-01 17:06

Hunger is good discipline

Kwon Bong-woon 
Ernest Miller Hemingway (1899-1961) started his memoir “A Moveable Feast” in Cuba in the autumn of 1957. He finished the book there in the spring of 1960. He recalls his time in Paris in the 1920s, beginning his writer’s life as a poor man. He described himself as a man who wanted to know how to live in the world. It seems part of the process was learning how to live in the special circumstances of his world. In those days he was too poor to go to restaurants. He would take countless walks in the Luxembourg Garden to avoid having to look at tempting eateries. Everyone could always go into the Luxembourg Museum, and there saw all the paintings sharpened and clearer and more beautiful if he were belly-empty, hollow-hungry. Hunger is healthy and the pictures do look better when you are hungry. Your hunger is contained but all of your perceptions are heightened again. Therefore hunger is a good discipline. It is necessary to handle yourself better when you have to cut down on food so you will not think too much about hunger. In a very simple story called “Soldier’s Home,” Hemingway had omitted five places of battles being fought in the story. This was omitted under his new theory that you could delete anything if you knew that in doing so the omitted part would strengthen the story and make people feel something more than they understood. If the writer is writing truthfully enough, readers will get a feeling of those things as strongly as though the writer had stated them. The dignity of movement of an iceberg is due to only one-eighths of it being above water. There is yet another kind of hunger an artist needs. That is the theory of omission stemming from his profound knowledge and wide experience. Omission, then, is a kind of hunger too, a corner of emptiness that staves off the dullness of surfeit. You can’t afford to eat regularly. Hemingway’s theory of omission is one of the cores of his literary assets. Hemingway celebrated the memory of hunger as an appetite for fullness both of sense and of spirit. Eating and drinking with friends who understood the multiple implications of hunger made for an almost ritualistic love feast. What Hemingway learned with pride and recorded throughout “A Moveable Feast,” was that an aesthetic hunger also was healthy, and he craved to control his art. However, as a young writer, he was keenly aware of what he had to learn. With a strong hunger for foreign languages, he mastered an effective knowledge of French, Spanish and Italian. For him work could cure almost anything. What he had to do was work. Work was the best therapy. He once said the hardest thing to do is to write straight honest prose about human beings. First you have to know the subject, then you have to know how to write and both took him a lifetime to learn. If one writes them truthfully enough, he will have the economic implication a book can hold. A true work of art endures forever, no matter the politics. Art, the art of writing, is virtually Hemingway’s religion. 
The writer works for a company in Seoul. His email address is

Riches to rags story shows need for business reforms in China

Riches to rags story shows need for business reforms in China

Staff Reporter



Liu Chunxi lost his fortune after being beaten out by corrupt competitors. (Internet photo)

Liu Chunxi, originally a billionaire in he city of Xinmi in central China’s Henan province, has now become a vendor selling all kinds of local products after he spent 216 million yuan (US$35 million) over the past years in a failed bid to build a cigarette plant in the province, says Chinese Entrepreneur magazine. The magazine found that 10 enterprises with a history of bribery and which were unqualified for the project, were miraculously successful in their bids. Liu’s story reflects the harsh realities of doing business in China: the fate of many private enterprises relies on the government and state-owned enterprises which monopolize the market. Read more of this post

S. Korea’s top 30 conglomerates owe nearly $557bn; amount excludes debts owed by their financial affiliates.

S. Korea’s top 30 conglomerates owe nearly $557bn

2013.10.01 15:02:33

Aggregate debt of South Korea’s top 30 conglomerates almost doubled from the pre-crisis level to around 600 trillion won ($557 billion), data showed. About half of the 30 large business groups saw their debt to equity ratio rise and their ability to repay debt worsen from five years ago. This prompts calls for them to improve financial stability to avert the spread of liquidity crisis. The nation’s top 30 groups by assets owed a total of 574 trillion won late last year, up 313.8 trillion won or 261.1 trillion from 313.8 trillion won in late 2007, according to an online business data provider Tuesday. The amount is based on groups’ audit report and excludes debts owed by their financial affiliates.
Debt held by top 30 groups was far higher than that of the government. The government’s debt came in at 443.1 trillion won last year and is expected to reach 480.3 trillion won this year and 515.2 trillion won next year. Debt to equity ratio of top 30 groups declined from 95.3 percent late 2007 to 88.7 percent late last year. Debt to equity ratio measures the degree of soundness of the company. The higher the ratio is, the weaker a company’s financial structure. The problem is excluding some top-ranking groups, most of their financial stability has worsened although the debt to equity ratio went down as a whole.

Webjet’s Roger Sharp plans IPO for mash-up of rescued online media casualties

Webjet’s Roger Sharp plans IPO for mash-up of rescued online media casualties

Published 01 October 2013 11:44, Updated 01 October 2013 11:55

Jake Mitchell


Roger Sharp says he’s plucked a range of businesses from the ashes of the GFC, Photo: Peter Braig

A mash-up of distressed companies rescued by Webjet board member Roger Sharp in the wake of the financial crisis is seeking to list early next year as a growth stock with revenue of about $50 million a year. Asia Pacific Digital, which has 700 staff in Australia, another 130 across Asia, and reported revenue of $90 million in fiscal year 2013, has acquired ­several struggling online media businesses since 2008. Mr Sharp refinanced them and installed new management. “We bought a range of business from the wreckage of the GFC,” said Mr Sharp, who is the AP Digital executive chairman and major shareholder. “They were Australian companies that had typically been owned by public companies that got in trouble, as many did.” AP Digital comprises digital advertising agency Next Digital, customer acquisition group DGM and customer relationship management firm Jericho Digital Communications, among ­others. The parent company is a fund manager that hopes to list an entity holding only digital businesses. The IPO market is heating up with an estimated $13 billion in market capitalisation poised to hit the boards of the Australian Securities Exchange over the next 12 months.

Space Burials at $1,990 Give Aging Japan Cheaper Funeral Option

Space Burials at $1,990 Give Aging Japan Cheaper Funeral Option

Burial options in Japan are expanding beyond the traditional Buddhist ceremony. You can now send a loved one’s ashes into space. Closely held Elysium Space Inc. is offering a service in Japan to send a portion of a person’s cremated remains in a capsule that will circle the earth for several months for $1,990. Relatives and friends can track the spacecraft’s trajectory on a mobile phone app. Like a meteorite, the remains disintegrate upon entering the earth’s atmosphere, “blazing as a shooting star,” according to a company statement. About one gram of a person’s remains are placed into an individual “space-grade” aluminum capsule, Benjamin Joffe, a spokesman for the company said in an e-mail. Missions will carry between 100 to 400 individual capsules, he said. The service will give a new option for Japanese looking to reduce the size and expense of funerals as relatives become fewer and traditional ties weaken in one of the world’s fastest aging societies. The cost of a renting a burial plot and buying a tomb stone in Tokyo is about 2.7 million yen ($27,400), according to Japan Institute of Life Insurance. The market for funeral services in Japan rose 0.7 percent to 1.3 trillion yen in the year ended March 2010 from a year earlier as the number of aged Japanese increased, according to the marketing and credit research firm Teikoku Databank Ltd. based in Tokyo. Elysium Space began taking U.S. space burial reservations in the U.S. in August. The San Francisco company’s first launch is scheduled for next summer.

To contact the reporter on this story: Kanoko Matsuyama in Tokyo at

In historic step, Japan PM hikes tax; will cushion blow to economy

In historic step, Japan PM hikes tax; will cushion blow to economy

1:42am EDT

By Tetsushi Kajimoto and Stanley White

TOKYO (Reuters) – Japan’s Prime Minister Shinzo Abe took a step on Tuesday that none of his predecessors had managed in more than 15 years – making a dent in the government’s runaway debt. Abe, riding a wave of popularity with economic policies that have begun to stir the world’s third-biggest economy out of years of lethargy, said the government will raise the national sales tax to 8 percent in April from 5 percent. Read more of this post

JGB Bubble Seen Growing by Bank of America on BOJ: Japan Credit

JGB Bubble Seen Growing by Bank of America on BOJ: Japan Credit

A bubble forming in the Japanese government bond market risks further expansion as central bank purchases shield the notes from a global rout, according to Bank of America Merrill Lynch and Mizuho Securities Co. The Bloomberg Japan Sovereign Bond Index (BJPN) climbed 1.45 percent in the quarter ended Sept. 30, the biggest gain among Group of 10 countries after the 1.54 percent increase in Italy’s debt. Benchmark 10-year JGB yields were the lowest in the world at 0.67 percent today and compared with 2.65 percent for similar-maturity U.S. Treasuries. Read more of this post

Politics in Malaysia: Bumi, not booming; The ruling party returns to its old habits of race-based handouts

Politics in Malaysia: Bumi, not booming; The ruling party returns to its old habits of race-based handouts

Sep 28th 2013 | KUALA LUMPUR |From the print edition

THE United Malays National Organisation (UMNO) is the dominant party in the coalition that has ruled Malaysia since independence in 1957. Only now, however, is it parading its democratic credentials, so far as its internal appointments go. Nominations have just closed for elections to a broad range of party posts, to be decided in the middle of October by 146,000-odd party delegates at local level. Previously, a mere 2,600 members, those who attended the party’s convention, had a say. UMNO’s boosters claim that these new elections will restore vim to an ageing organisation. They say it will make it the most genuinely democratic party in the country. Not bad for an outfit with a past reputation as a ruthless political machine. Read more of this post

India’s informal economy: Hidden value; Activities out in the sticks may add more to GDP than was thought

India’s informal economy: Hidden value; Activities out in the sticks may add more to GDP than was thought

Sep 28th 2013 | MUMBAI |From the print edition

THE chief architect of India’s constitution, B.R. Ambedkar, once said its villages were “a den of ignorance, narrow-mindedness and communalism”. Now some think they are the strongest bit of the economy. Neelkanth Mishra, an analyst at Credit Suisse, reckons that, if activity in informal industries and rural areas were properly measured, India’s GDP would look bigger and more stable and the present slump less severe. This is a source of comfort at a time when India is fighting a financial panic. Read more of this post

The Economist explains: Why is Brazil so expensive?

The Economist explains: Why is Brazil so expensive?

Sep 30th 2013, 23:50 by H.J. | SÃO PAULO

TRAVELLERS have long known that the richer a country, the more likely a visit is to burn a hole in their wallets. A recent survey by Tripadvisor, a travel website, put Oslo, the capital of super-rich Norway, as the world’s priciest destination, with a one-night stay in a four-star hotel with dinner and drinks for two costing more than $600. But near the top of the sticker-shock rankings is a surprise entry: upper-middle-income Brazil. Hotels in São Paulo, the business capital, or beachside Rio de Janeiro, cost more than in London or Zurich. Visitors who go window-shopping will find the high prices hit locals too. Clothes, cosmetics, electronics and cars are all more expensive, sometimes much more, than in most other places. The Economist’sBig Mac Index finds Brazilian burgers are dearer than everywhere else except in three much richer countries, (Norway, Sweden, Switzerland) and one dysfunctional one (Venezuela). So why is Brazil so pricey? Read more of this post

David, Goliath and the appeal of the underdog: A Q&A with Malcolm Gladwell on this often-misunderstood story

David, Goliath and the appeal of the underdog: A Q&A with Malcolm Gladwell on this often-misunderstood story

Posted by: Kate Torgovnick
September 30, 2013 at 12:22 pm EDT

For 3000 years, the story of David and Goliath has seeped into our cultural consciousness. This is generally how the tale is told: a young shepherd does battle with a giant warrior and, using nothing but a slingshot, comes out victorious. But is this really what the Bible describes? In today’s talk, Malcolm Gladwell — whose new book is titled David and Goliath: Underdogs, Misfits and the Art of Battling Giants — takes a closer look at this classic story, digging into the details which are easily lost on a modern audience. Overall, he asks: was David really the underdog in this fight? It all begins with a closer look at that sling (which is not the toy slingshot we might picture), and at the five rocks David picked up to use in it. “The term ‘David and Goliath’ has entered our language as a metaphor for improbable victories by some weak party over someone far stronger,” says Gladwell in this talk. “Everything I thought I knew about that story turned out to be wrong.” Fascinated to hear more, the TED Blog called Gladwell to unravel why the underdog story has such resonance and why rethinking David and Goliath is important now. (As a bonus, we also asked him what pasta sauce he prefers.) An edited transcript of the conversation follows. Read more of this post

Toyoda’s legacy goes well beyond the lean: The innovator who led Toyota insisted that people were as important as the production system

September 30, 2013 5:17 pm

Toyoda’s legacy goes well beyond the lean

By Andrew Hill

The innovator who led Toyota insisted that people were as important as the production system

Eiji Toyoda was the man who taught the world’s production workers Japanese. If you know kaizen means continuous improvement, and use kanban inventory tags to eliminate muda, or waste, then Toyoda, who died recently, was your sensei. The Toyota Production System he championed as head of the carmaker in the 1970s and 1980s, traces its roots to a fail-safe device devised by Toyoda’s uncle to cope with thread breaks on mechanical looms. Multinationals have since turned its efficiency methods – “lean” production, just-in-time supply chains and outsourcing – into a habit that is woven through the fabric of global production. However, in future, Toyoda’s insights into the power of human initiative will be more relevant. Read more of this post

Amanco Brazil identified unmet needs; The Latin American pipe manufacturer challenged a market-leading brand

September 30, 2013 5:00 pm

Amanco Brazil identified unmet needs

By Paulo Rocha e Oliveira

The story. In early 2006, Amanco was Latin America’s leading manufacturer of pipes and fittings for water management systems. But in Brazil, despite a decade or so of operating there, Amanco was losing money. Grupo Nueva, Amanco’s Swiss owner, was preparing the company for an initial public offering and needed the balance sheet to be spotless. Roberto Salas, Amanco’s chief executive, had to decide on a strategy to turn things round. Should he propose selling the Brazilian subsidiary or present a plan for how to increase its 16 per cent market share? Staying in Brazil meant either competing on price (and lowering shareholder expectations), or developing a branded strategy to take on Tigre Tubos e Conexoes, which accounted for 61 per cent of sales in Brazil and had proved resilient to challengers. Read more of this post

Warren Buffett’s Fourth Tweet Ever Was About ‘Breaking Bad’: “Not even the Oracle knows what will happen tonight”

Warren Buffett’s Fourth Tweet Ever Was About ‘Breaking Bad’

SAM RO SEP. 30, 2013, 7:48 AM 10,613 4

Billionaire investing legend Warren Buffett is a fan of AMC’s “Breaking Bad.” In fact, his fourth Tweet ever came two minutes into Sunday night’s series finale. “Not even the Oracle knows what will happen tonight,” he said. He even dressed up for the part.

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Caveman cuisine at the office: Stressed executives are resorting to the diet of their ancestors to deal with the modern world

September 30, 2013 5:59 pm

Caveman cuisine at the office

By Charles Wallace

Dan Benjamin is an entrepreneur whose business is at the cutting edge of the US’s technology and online media industries. Yet when he began experiencing a host of unexplained allergies, high cholesterol and hypoglycaemia, he ignored his doctor’s advice and put his family on a diet likely to have been eaten by his hunter-gatherer ancestors 100,000 years ago.

Read more of this post

The Intriguing Health Benefits of Qigong; The ancient Chinese practice shows promise in helping ease hypertension and depression

September 30, 2013, 6:52 p.m. ET

The Intriguing Health Benefits of Qigong

The ancient Chinese practice shows promise in helping ease hypertension and depression


The Claim: Qigong, a Chinese health practice based on gentle movements, meditation and breathing, has wide-ranging benefits, including improving balance, lowering blood pressure and even easing depression.

The Verdict: Increasingly popular in the U.S., qigong (pronounced chee-gong) has been found in recent studies to improve quality of life in cancer patients and fight depression. Other studies have found improvements in balance and blood pressure. But so far, there aren’t enough large, well-designed studies to constitute solid proof of any benefits, scientists say. Read more of this post

Science of Healing the Heart; In a Surprise, a Temporary Device Provides a Long-Term Cure

September 30, 2013, 7:26 p.m. ET

Science of Healing the Heart

In a Surprise, a Temporary Device Provides a Long-Term Cure


PJ-BQ801A_HEART_G_20130930185408 OB-ZC430_Hearts_G_20130930205209

Doctors have discovered that a heart pump designed to help keep patients alive until a transplant becomes available may actually help the heart heal itself. WSJ’s Larry Greenberg explains how it could bring new hope to seriously ill patients. (Photo: Getty)

A mechanical pump that was invented as a temporary life support for patients with advanced heart failure is emerging as a potential tool to help hearts heal and function for the long term on their own. The device, called an LVAD, takes over most of the heart’s main pumping function and was designed initially to enable patients to survive until a donor heart became available for transplant. But doctors have discovered to their surprise that the heart can get better on the pump. When they remove it later to perform a transplant, the heart is sometimes dramatically improved. Read more of this post

Stress in Midlife Linked to Higher Risk of Alzheimer’s Disease

Stress in Midlife Linked to Higher Risk of Alzheimer’s Disease

Stress in middle age may contribute to development of Alzheimer’s disease later in life, according to a Swedish study spanning almost 40 years. Psychological stress was associated with a 21 percent greater risk of developing Alzheimer’s disease, according to a study of 800 Swedish women born between 1914 and 1930 who underwent neuropsychiatric tests periodically between 1968 and 2005. The research, led by Lena Johansson at the Sahlgrenska Academy at the University of Gothenburg was published today in the journal BMJ Open. Read more of this post

Japan’s luxury fruit masters grow money on trees

Japan’s luxury fruit masters grow money on trees


Monday, September 30, 2013 – 12:03


TOKYO – With melons that sell for the price of a new car and grapes that go for more than US$100 (S$125) a pop, Japan is a country where perfectly-formed fruit can fetch a fortune. An industry of fruit boutiques has defied Japan’s sluggish economy to consistently offer luscious and lavishly tended produce for hefty prices – and it is always in demand. In July, a single bunch of “Ruby Roman” grapes reportedly sold for 400,000 yen (S$5,100), making the plump, crimson berries worth a staggering 11,000 yen each. Every May, a pair of canteloupe melons grown in the north of Hokkaido is auctioned off. They regularly fetch the price of a modest new car. The hammer fell on this year’s pair at a cool 1.6 million yen. Read more of this post

What Does it Cost to Make an iPhone?

September 30, 2013, 11:52 AM

What Does it Cost to Make an iPhone?


A 16GB iPhone 5S costs Apple Inc. $213 in materials, while a 16GB 5C comes in at $156, according to a report published Monday byUBS AGUBSN.VX -1.33%. The tear-down shows the big saving that the “unashamedly plastic” case of the 5C represents, coming in at $42 less than the aluminum body of the 5S. The other big saving is the $7 fingerprint sensor. Apple lists an unlocked 16GB iPhone 5S on its site at $649 and an iPhone 5C at $549. In a report of exacting detail, UBS estimates gross margins of around 50% for both devices. The report notes: Adding box contents, manufacturing, and non-BoM [Bills of Material] related costs, we estimate gross margins could ramp to 45-55% for the iPhone 5S and 48-54% for the iPhone 5C overtime as production scales and matures. In our view, non-component costs are likely to reach to approximately 33-40% of total device costs, largely driven by deprecation and software amortization expense. We estimate Apple’s depreciation expense is roughly $25 per device, accounting for the company’s sizable investments in non-leading edge production equipment. We assume Apple’s warranty accrual rate is 1.8% and manufacturing, including freight, to equal $18-20 per unit. The display, which UBS source to Samsung Display Co., LG Display034220.SE +0.39% Co and Sharp Corp.6753.TO -0.56% is the biggest cost (20% of 5S material costs, 27% for the 5C). UBS estimates it comes in at $42.11. The tear-down reveals is how intertwined suppliers and makers are. While Apple andSamsung Electronics Co.005930.SE +0.95%, Ltd. have been locked in a series of legal battles conducted around the world and fight each other for consumers, Samsung is a key part of Apple’s success in making its “retina display” screen. Apple also uses Sony Corp.’s6758.TO +0.14% sensor in its camera. Sony is fighting to be the number three handset maker by value in the world, behind Apple and Samsung.

Ngiam Tong Dow: On healthcare, F1 and politicians

On healthcare, F1 and politicians

What’s the challenge for Singapore as a medical hub? Is the F1 a “frivolous” use of taxpayers’ money? What do today’s younger politicians lack?

BY –


What’s the challenge for Singapore as a medical hub? Is the F1 a “frivolous” use of taxpayers’ money? What do today’s younger politicians lack? Outspoken former top civil servant Ngiam Tong Dow served as Permanent Secretary in the Prime Minister’s Office under Mr Lee Kuan Yew, as well as in various other ministries. As Chairman, concurrently, of the Economic Development Board, he had, in the 1980s, championed the idea of developing Singapore as an international medical centre to tap the region’s growing middle-class market. In line with that vision, medical school enrolment was increased. These are edited excerpts of a wide-ranging interview with Dr Toh Han Chong, Editor of SMA News, published in the September issue of the Singapore Medical Association’s newsletter. Read more of this post

Lessons from fallen financial idols

Lessons from fallen financial idols

Tuesday, Oct 01, 2013

Goh Eng Yeow

The Straits Times

As a financial writer who tries to help readers to understand the intricacies of the stock market, I have often turned to the folksy quotes of investment guru Warren Buffett to make my point. But let’s face it, most of us are not likely to have the patience to buy a stock and then hold it for decades like Mr Buffett. The likelihood is that if we make a decent profit on our investment, we will take the windfall and use the money to reinvest somewhere else. Read more of this post

Only Finland’s best become teachers

Only Finland’s best become teachers

Monday, September 30, 2013 – 17:09

Sandra Davie

The Straits Times

Some top scholars in Singapore would find it an unconventional career path but Finnish high-scorers Aurora Ojamaki, 21, and Aleksi Lindberg, 23, chose teaching over law. They graduated among the top 10 per cent of their cohort in high school, and could have easily gone on to law school. Instead, both applied several times before landing a place in a teacher-education degree course at Helsinki University, one of eight universities in Finland offering such a course of study. Ms Ojamaki said: “The first year I applied for a place in law, I got it but I turned it down as in my heart I wanted to become a teacher.” Read more of this post

The Vatican bank will publish a detailed annual report for the first time in its history today as it seeks to improve financial transparency after several corruption scandals

Vatican Bank to Publish 2012 Annual Report in Transparency Drive

The Vatican bank will publish a detailed annual report for the first time in its history today as it seeks to improve financial transparency after several corruption scandals. The bank, formally called the Institute for Works of Religion, or IOR, will release its 2012 full report at about 8 a.m. Rome time, giving a breakdown of its balance sheet and income statement. The Vatican bank earlier this year reported 2012 profit more than quadrupled to 86.6 million euros ($117 million), according to its website. Read more of this post

Vinamilk Sees Revenue Doubling in Overseas Expansion Push

Vinamilk Sees Revenue Doubling in Overseas Expansion Push

Vietnam Dairy Products Joint-Stock Co., the nation’s largest dairy producer, is building a milk factory in Cambodia as it plans a global expansion to more than double annual revenue to $3 billion by 2017. The company known as Vinamilk is opening a plant in the capital of Phnom Penh and will expand into other overseas markets over the next five years, Chairwoman and General Director Mai Kieu Lien said in an e-mailed statement yesterday. Read more of this post

Facebook, Google Live in Pinteresting Times

September 29, 2013, 7:33 p.m. ET

HEARD ON THE STREET: Facebook, Google Live in Pinteresting Times


What do you get when you cross the advertising potential of Facebook FB -1.97%and Google GOOG -0.05% ? A social network, and likely revenue machine, called Pinterest. Facebook and Twitter for that matter have fast-expanding ad revenues not because users like to see ads, but because advertisers can’t ignore their large reach. Meantime, Google search results are an ideal spot to grab customers who already know what they are looking to buy. Pinterest, which is almost the social-networking equivalent of window shopping, sits somewhere in between. Read more of this post

Phony Web Traffic Tricks Digital Ads; As Online Marketing Budgets Soar, Fraudsters Skim Millions with ‘Botnets”

September 30, 2013, 7:30 p.m. ET

Phony Web Traffic Tricks Digital Ads

As Online Marketing Budgets Soar, Fraudsters Skim Millions with ‘Botnets”



The website looks a lot like other amateur-video sites. It is wallpapered with clips featuring “the most insane amusement park ever” and “your girlfriend’s six friends.” The site draws tens of thousands of visitors a month, according to audience measurement firms. It also has ads for national brands, including Target Corp.,TGT +0.06% Inc. AMZN -1.07% and State Farm. Read more of this post

Interrupting TV’s M&A Broadcast; Proposed Rule Change on How Broadcast Stations Are Treated Could Stymie the Recent Uptick in TV Consolidation

September 30, 2013, 5:11 p.m. ET

Interrupting TV’s M&A Broadcast

Proposed Rule Change on How Broadcast Stations Are Treated Could Stymie the Recent Uptick in TV Consolidation


Broadcast stations may soon be sending a different signal. The Federal Communications Commission has opened a public comment period on a proposal that could make broadcast stations equal for the purpose of determining ownership caps. If adopted, it could put the brakes on the recent round of consolidation among station owners. A single company is currently prohibited from owning stations that, in aggregate, reach more than 39% of total TV households nationwide. But owners have been allowed to count only 50% of the TV households in their market areas toward the cap for stations broadcasting via ultrahigh frequency, or UHF, signals. Read more of this post

Time For a Samsung US Market Listing?

October 1, 2013, 9:29 AM

Time For a Samsung US Market Listing?


For a few hundred dollars, a U.S. consumer can visit a local telecoms dealer and pick up a device manufactured bySamsung Electronics Co.005930.SE +0.88% But buying shares of the Korea-listed technology giant? Not so easy. That’s because Samsung, virtually alone among Asian tech giants with a global brand presence, doesn’t make its shares tradeable through American depositary receipts — instruments that allow stock in a non-U.S. company to trade, in greenbacks, on a U.S. exchange. Read more of this post

A New Challenge for Multinationals in China: Mao-era Politics

September 30, 2013, 1:53 p.m. ET

A New Challenge for Multinationals in China: Mao-era Politics

The ambitions of some of the world’s largest consumer brands in China are colliding with an unexpected new reality: hardball Mao-era politics.


The ambitions of some of the world’s largest consumer brands in China are colliding with an unexpected new reality: hardball Mao-era politics. Increasingly, say China-based Western business executives, lawyers and consultants, a drive against alleged corporate price-fixing and corruption that has ensnared some of the biggest names in the global dairy and pharmaceutical industries has taken on a harsh political—and antiforeign—edge. Read more of this post

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