Japan Awaits Abe’s Third Arrow as Companies Urged to Invest

Japan Awaits Abe’s Third Arrow as Companies Urged to Invest

Japanese Prime Minister Shinzo Abe’s reflation campaign shifted to structural domestic reforms after he unveiled a stimulus package offering a short-term cushion for the first sales-tax rise since 1997. Abe’s administration is honing legislation for its “growth strategy” for the year’s final parliamentary session, an initiative companies will scrutinize for fresh reasons to invest in a domestic market burdened by a shrinking and aging population. For now, they get a slew of tax breaks unveiled with yesterday’s 5 trillion yen ($51 billion) program. Read more of this post

The Threat of ‘Abegeddon’ From Taxes in Japan; Abe Orders Japan’s First Sales-Tax Increase Since ’97

The Threat of ‘Abegeddon’ From Taxes in Japan

Posterity is watching carefully as Shinzo Abe goes ahead with a sales-tax increase aimed at getting a handle on Japan’s huge debt burden, the world’s largest. Unfortunately history may judge him no better than Ryutaro Hashimoto, the last Japanese prime minister to kill an economic recovery with ill-timed fiscal tightening. That’s not the conventional wisdom of the moment. Markets are euphoric over surging confidence among large Japanese manufacturers. September’s jump in the quarterly Tankan (JNTSMFG) index — to the highest levels since before the Lehman Brothers Holdings Inc. collapse in 2008 — gave Abe just the tail wind he needed to raise the consumption tax to 8 percent from 5 percent starting in April 2014, with a further 2 percent increase in the cards for 2015. Read more of this post

Wix.com Ltd, which helps companies build and operate websites, to raise up to $100 million in an IPO

Website development platform Wix.com files for $100 million IPO

7:50pm EDT

(Reuters) – Wix.com Ltd, which helps companies build and operate websites, filed with the U.S. regulators on Tuesday to raise up to $100 million in an initial public offering. Wix, which sells its cloud-based templates to design websites to small business owners, said revenue grew to $43.7 million in 2012 from $9.9 million 2009. Net losses widened 30 percent in the period. Read more of this post

E-Verify Goes Dark as Shutdown Cuts Links to Companies

E-Verify Goes Dark as Shutdown Cuts Links to Companies

The Internet-based system that employers use to check whether job applicants may legally work went dark as U.S. agencies limited or cut off electronic communications companies use in everyday tasks. Websites that shut down included the E-Verify site run by the Department of Homeland Security’s U.S. Citizenship and Immigration Services, and the agency sites of the Census Bureau, Agriculture Department, National Aeronautics and Space Administration, Library of Congress and the federal and international trade commissions. Closing of the E-Verify system, which checks information provided by employees against millions of government records, was one result as the government went into its first shutdown in 17 years. Read more of this post

Etsy Says Sellers Can Now Use Factories for Their Homemade Goods

Etsy Says Sellers Can Now Use Factories for Their Homemade Goods

Etsy Inc., an online marketplace for handmade and vintage goods, will let its sellers use outside manufacturers and hire as many employees as they need, loosening rules amid confusion over requirements. The change will allow sellers that cultivated their businesses on Etsy to keep expanding on the site, Chief Executive Officer Chad Dickerson said in an interview. It will also permit moves that were previously forbidden, like employing people in another location or producing goods in a factory. Etsy is home to about 1 million sellers, some of whom are struggling to keep up with demand for their products, the company said. Under the new policy, sellers will have to disclose their business relationships and apply to use manufacturing services. Etsy will try to ensure that goods sold on the site still meet its definition of “handmade.” “It’s no secret that our community has struggled for a long time with Etsy policies,” Dickerson said in an interview. “We realized that as the community grows, the policies that we created that frankly didn’t work well when the community was smaller were bursting at the seams.” Dickerson said the company hasn’t determined how the changes will affect the business, which is planning an eventual initial public offering. “We haven’t run a single spreadsheet on it from a revenue standpoint,” he said. “We haven’t done any financial projections.”

To contact the reporter on this story: Sarah Frier in New York at sfrier1@bloomberg.net

Cash-Loving Russians Give Qiwi an Edge as PayPal Looms; Across Russia, Qiwi has 169,000 machines, more than double the number of any bank’s ATMs

Cash-Loving Russians Give Qiwi an Edge as PayPal Looms

Whether at stores or online, in Russia cash is still king. Just ask Qiwi Plc. (QIWI)

The company has built a lucrative business catering to Russians eager to shop and pay bills electronically yet unwilling to use online banking or reveal credit-card numbers on the Web. Its solution: machines that swallow cash to let users pay their rent or phone bill or top up PayPal-like online accounts. Across Russia, Qiwi has 169,000 machines, more than double the number of any bank’s ATMs. Read more of this post

GTL Tradeup, a Sydney derivatives broker whose director has been linked to a multimillion-dollar Italian fraud case, has collapsed, owing clients more than $3 million

Clients owed millions after derivatives broker GTL Tradeup collapses

October 2, 2013

Gareth Hutchens

GTL Tradeup, a Sydney derivatives broker whose director has been linked to a multimillion-dollar Italian fraud case, has collapsed, owing clients more than $3 million. About 300 clients in Australia, New Zealand and China are believed to be affected. The clients were informed via email last week of the decision to go into liquidation. Corporate insolvency firm CRS Warner Kugel has been appointed liquidator. The GTL director who has allegedly been linked by Italian media to a $36 million fraud case – Mahmood Riaz – is in Australia and has been working with liquidators. Read more of this post

Spain’s Time Travel Won’t Make People Work Harder

Spain’s Time Travel Won’t Make People Work Harder

Spain’s political leaders, in their infinite wisdom, have decided that moving to a new time zone will make the country’s people more productive. They might want to consider Russia’s disappointing experiment in chronological manipulation. The Spaniards are concerned that the sun rises later in their country than in other longitudinally similar places, such as the U.K. Specifically, on October, 26, the last day of daylight saving time, the sun will rise at 8 a.m. sharp in Liverpool and at 8:39 in Madrid, though the two cities are almost on the same meridian, 3 degrees west of Greenwich. Read more of this post

Siemens CEO promises workers an end to restructuring

Siemens CEO promises workers an end to restructuring

1:03pm EDT

MUNICH (Reuters) – Germany’s Siemens has no plans for further restructuring measures after the engineering group’s massive 6 billion euro ($8.1 billion) savings program ends next year, its new Chief Executive Joe Kaeser said. In a letter sent to Siemens employees on Tuesday, Kaeser sought to reassure workers following news that the savings program would cost 15,000 jobs. “All measures have been discussed with the affected units. Beyond that, there are no further plans or measures,” Kaeser said in the letter, which was obtained by Reuters. Read more of this post

Norway to Fight Record Household Debt Load as Government Formed

Norway to Fight Record Household Debt Load as Government Formed

Norway’s new government, formed yesterday after two weeks of talks, plans to offer tax breaks to encourage consumers to set aside savings in an effort to help the nation deal with its record household debt burden. “I don’t think that we have too large of a private debt problem in Norway but we will create tax relief on savings,” Erna Solberg, leader of the Conservative Party and incoming prime minister after winning the Sept. 9 election, said yesterday in an interview after agreeing to form a minority coalition with the anti-tax Progress Party. “The policy will be to get more people saving for the future.” Read more of this post

Miami Beach Banker Party Shows Why Hotel Debt Fills Bonds

Miami Beach Banker Party Shows Why Hotel Debt Fills Bonds

The Fontainebleau Miami Beach is booked solid next week as bankers prepare to crowd the iconic lobby for cocktails at an annual bond-market convention. For owner Jeffrey Soffer, the conference helps justify a $1 billion makeover that almost cost him the property three years ago. Soffer is seeking a roughly $850 million mortgage on the 1,504-room resort from some of the same bankers gathering at the ABS East conference, according to people briefed on the details of the financing who asked not to be identified because the talks are private. The loan, intended to refinance debt and buy out Dubai World’s 50 percent stake in the hotel, will be packaged into commercial mortgage-backed securities as investors snap up the deals at the fastest pace in five years, according to the people. Read more of this post

Hollande Giving Workers Say in M&A Deepens Fortress-France Image

Hollande Giving Workers Say in M&A Deepens Fortress-France Image

Takeovers of French companies, already among Europe’s least targeted, are about to become even less desirable. Seeking to fend off hostile takeovers and limit plant closings, the French National Assembly yesterday adopted rules that would give employees a bigger say over bids. The bill, which also forces companies with more than 1,000 employees in France to document attempts to find a suitable buyer before shuttering a plant with more than 50 workers, is expected to become law once it has been discussed and voted in the Senate and then passed by parliament. Read more of this post

Wanted by the taxman: Indonesia’s $5 billion of lost coal

Wanted by the taxman: Indonesia’s $5 billion of lost coal

5:05pm EDT

By Fergus Jensen

JAKARTA (Reuters) – Indonesia may be the world’s top exporter of thermal coal, but that masks an embarrassing fact for a government scrambling to raise revenue – more than $5 billion worth of the fuel is mined illegally and goes untaxed each year. Export and consumption data shows Indonesia produces around 12-15 percent more coal annually than the ministry of energy and mineral resources reports. That’s enough to supply Taiwan, the world’s fifth-largest coal importer, for a year. Read more of this post

Only 30% of Myanmar has access to electricity

Only 30% of Myanmar has access to electricity

Tuesday, October 1, 2013 – 10:12

Eleven Myanmar/Asia News Network

Myanmar currently provides electricity to 30 percent of the population according to the Minister Electric Power, Khin Maung Soe. “Only 30 percent of the population now has access to power. To supply 50 percent, power lines will have to be constructed. The whole of Rakhine State will enjoy electricity at the end of 2014,” said the minister. Power lines are being constructed in Chin State and electricity will be supplied through the national grid by the end of 2014. The power lines have been completed in Kachin State and it will also be supplied electricity, added the minister. In Mon State, power lines are being set up from Mawlamyine to Ye. In the coming year, they will be extended to Dawei. In Shan State, the whole Inn region has access to power, but many villages are still not connected. Most of Naga region is still in the dark and the government says it is planning to build three small-scale hydropower plants next year. The government has also promised to provide 70 percent of Kayah State with electricity where Lawpita Hydropower Plant is situated by the end of 2014.

 

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 youngogi76@naver.com

Riches to rags story shows need for business reforms in China

Riches to rags story shows need for business reforms in China

Staff Reporter

2013-10-01

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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 Chaebol.com 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

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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 kmatsuyama2@bloomberg.net

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

LAURA JOHANNES

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