The 41 Most Unusual Economic Indicators

The 41 Most Unusual Economic Indicators

MATTHEW BOESLER AND STEVEN PERLBERG OCT. 11, 2013, 2:51 PM 163,114 7

With the government shutdown showing no sign of abating, it looks like we could be left without some of our favorite economic indicators for some time. For example, economists and market watchers won’t get their hands on the Bureau of Labor Statistics’ jobs report — the oft-hyped monthly indicator — until Congress can produce a budget. The good news is there are other economic indicators to supplement our view of the economy. Though some, like Tylenol usage and the Mosquito Bite Indicator, are stranger than others. Read more of this post

Malaysian play in Singapore gone awry

Updated: Saturday October 12, 2013 MYT 7:15:31 AM

Malaysian play in Singapore gone awry

BY RISEN JAYASEELAN AND TEE LIN SAY

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WHAT a mess. The fallout stemming from the massive sell-off of Blumont Group Ltd,Asiasons Capital Ltd and LionGold Corp Ltd is rocking the foundation of these companies and raising questions. With such battered share prices and with the billions having been wiped out from their market capitalisation, the model of using their highly liquid SGX-quoted shares, as currency for takeovers, is in jeopardy. Then there’s the stigma to deal with: will bankers, business partners and vendors of assets be as open to deal with them as before? Read more of this post

Taiwan talk show host ‘Little S’ Dee Hsu questioned over Top Pot scandal

‘Little S’ questioned over Top Pot scandal

The China Post news staff
October 12, 2013, 12:02 am TWN

Talk show host Dee Hsu (徐熙娣, stage name Little S) yesterday returned home without facing charges, at least temporarily, after telling prosecutors whether or not she had “anything to hide.” According to media reports, prosecutors want to find out whether she has knowingly lied to consumers and committed fraud. Hsu was summoned to the Taipei District Public Prosecutors’ Office (TDPPO) to testify as a witness in an insider-trading case involving her husband Mike Hsu (許雅鈞) and father-in-law Hsu Ching-hsiang (許慶祥), as well as in a false advertisement case. Read more of this post

The long war: A new vaccine will help, but will not defeat malaria

The long war: A new vaccine will help, but will not defeat malaria

Oct 12th 2013 |From the print edition

ON OCTOBER 8th researchers announced progress in developing a vaccine against malaria. GlaxoSmithKline (GSK), a British pharmaceutical firm, said it would seek regulatory approval next year for this vaccine, called RTS,S. GSK and its charitable partner, the PATH Malaria Vaccine Initiative, also revealed new data showing the vaccine’s effect in children. This is good news, but RTS,S will not vanquish malaria by itself. Read more of this post

Science: Beyond the God particle; The Nobel prizes in chemistry and physics show how computing is changing every field of research

October 11, 2013 7:31 pm

Science: Beyond the God particle

By Clive Cookson

The Nobel prizes in chemistry and physics show how computing is changing every field of research

Computers, born out of science, are transforming every aspect of the scientific process, as this year’s Nobel physics and chemistry prizes show. Fifty years ago the physics laureates Peter Higgs and François Englert applied their brains through pencil and paper, blackboard and chalk, to come up with proposals for a new fundamental energy field and subatomic particle, which would explain why matter has mass. Last year one of the most computer-intensive scientific experiments ever undertaken confirmed their theory by making the Higgs boson – the so-called “God particle” – in an $8bn atom smasher, the Large Hadron Collider at Cern outside Geneva. Read more of this post

Korea needs National Entrepreneurs Day; The number of business tycoons who are in jail is unprecedented in Korea’s history. These tycoons did not understand how our society has changed. The public has shown little sympathy for their crimes

2013-10-10 16:47

Korea needs National Entrepreneurs Day

By Lee Chang-sup
With business leaders facing jail time and the nation’s economy struggling, Korea needs a way to spark entrepreneurial spirit once again. A National Entrepreneurs Day could be exactly what the nation needs to encourage entrepreneurs to bring new moneymaking ideas to the market. The current business climate is not welcoming to new entrepreneurs.  A record number of high-profile bankruptcies haven taken place since the financial crisis in 1997. Big names like Woongjin, STX and Tongyang face either a bank-led workout or a court receivership. Almost all construction and shipping companies are in trouble. Bankruptcy is so common among small businesses that it rarely makes the news anymore. The Bank of Korea says the rate of dishonored bill — a check or similar financial instruments whose payment has been refused — rose from 0.08 percent in July to 0.14 percent in August. Read more of this post

Troubled Korean companies misuse CPs (commercial paper); Companies facing cash shortage problems issue bills until the moment they go bankrupt or seek court receivership. This damage is then passed on to investors

2013-10-11 16:27

Troubled companies misuse CPs

Experts call for more release of firms’ financial information
By Kim Rahn

When several large companies collapsed from liquidity shortage in recent years, it also caused a collapse of retail investors who purchased their corporate bills. While the recent court receivership of Tongyang Group is likely to inflict losses on more than 12,000 such bill buyers, analysts say that the corporate bill system is misused by cash-strapped companies amid loopholes in the regulations. Read more of this post

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