Love and Math: The Heart of Hidden Reality

Love and Math: The Heart of Hidden Reality

by SHANE PARRISH on DECEMBER 4, 2013

“The laws of Nature are written in the language of mathematics.” — Galileo

Most of us are unaware of the hidden world of mathematics. In fact, most of us would rather avoid the stale subject. It’s a shame that’s all we see in school. Math can be “full of infinite possibilities as well as elegance and beauty,” writes mathematician Edward Frenkel in Love and Math: The Heart of Hidden Reality. “Mathematics,” he goes on, “is as much part of our cultural heritage as art, literature, and music.” Read more of this post

A military innovation that business leaders should copy; Simulating real-world scenarios, and talking about what went wrong, can vastly improve performance

A military innovation that business leaders should copy

December 9, 2013: 3:04 PM ET

Simulating real-world scenarios, and talking about what went wrong, can vastly improve performance.

By Geoff Colvin, senior editor-at-large

FORTUNE — Just back from Orlando, where I was touring the world’s largest trade show of simulation and training technology for the military. It’s all based on the same central idea: helping warfighters learn critical skills – piloting a fighter jet, treating injuries on the battlefield, shooting bad guys who are holding hostages, negotiating with a village leader – in settings where they can make their mistakes without hurting anyone. The technology, some of which I tried out, is often stunningly realistic. I won’t report on my performance except to say that when it comes to landing an F-35 on an aircraft carrier, I have quite a lot of work to do. Read more of this post

Muhammad Ali’s Statement On Nelson Mandela’s Death Is Beautiful

Muhammad Ali’s Statement On Nelson Mandela’s Death Is Beautiful

BRETT LOGIURATO0DEC 6, 2013, 05.15 AM

Via NBC’s Ann Curry, here’s Muhammad Ali’s poignant statement on former South African President Nelson Mandela, who died Thursday at the age of 95:

“I am deeply saddened by the passing of Mr. Mandela. His was a life filled with purpose and hope; hope for himself, his country and the world. He inspired others to reach for what appeared to be impossible and moved them to break through the barriers that held them hostage mentally, physically, socially and economically. He made us realize, we are our brother’s keeper and that our brothers come in all colors. What I will remember most about Mr.Mandela is that he was a man whose heart, soul and spirit could not be contained or restrained by racial and economic injustices, metal bars or the burden of hate and revenge. He taught us forgiveness on a grand scale. His was a spirit born free, destined to soar above the rainbows. Today his spirit is soaring through the heavens. He is now forever free.”

DropBox CEO Drew Houston Explains How To Rapidly Become A Leader; How to Win as a First-Time Founder, a Drew Houston Manifesto

DropBox CEO Drew Houston Explains How To Rapidly Become A Leader

MAX NISEN0DEC 6, 2013, 07.57 PM

This is part of the “Moving Forward” series offering advice to small business owners on technology, mentorship, productivity, and growth. “Moving Forward” is sponsored by Ink from Chase®. DropBox CEO Drew Houston had to learn how to lead a company incredibly quickly. He started the business in his early 20s. He’s now 30, and the company has more than 200 million users. Read more of this post

Germany Thinks Its Beer Is As Important As The Great Wall Of China And Egypt’s Pyramids

Germany Thinks Its Beer Is As Important As The Great Wall Of China And Egypt’s Pyramids

PAIGE COOPERSTEIN0DEC 6, 2013, 09.06 PM

German brewers want the United Nations to recognize their beer as a piece of “intangible cultural heritage,”NBC News reports. If the UN approves the request, Germany’s beer will be protected by UNESCO, the same agency that looks after The Great Wall of China, the Grand Canyon and Egypt’s pyramids. Read more of this post

Seven Lessons Santa Can Teach The World And Its Wannapreneurs

Seven Lessons Santa Can Teach The World And Its Wannapreneurs

SANGHAMITRA MANDAL0DEC 9, 2013, 05.02 PM

So you thought this grand old man in his flashy red robe, outdated sleigh and with his typical “Ho ho ho” laugh would soon go out of business? After all, who believes in all those grandiose tales about him and his snow-capped home in the North Pole? Today’s kids are just too smart. And who cares for childish things like gifts and toys in an age ruled by success, money and mindless fun? You could not have been more wrong. Over the centuries, Santa Inc has created a tradition that fits with the core objectives of any age – the rites of honouring consistency, creating values, ensuring innovation and finally, guaranteeing end-user’s satisfaction. Take a close look at his strategies and operations, and you’ll find that Santa and his team offer all these and more. Here are seven (tongue-in-cheek) reasons why millennial businesses should follow him. Read more of this post

Mutual Fund Legend Peter Lynch Gave A Rare Interview – Here’s What He Said About Investing

Mutual Fund Legend Peter Lynch Gave A Rare Interview – Here’s What He Said About Investing

STEVEN PERLBERG0DEC 7, 2013, 01.32 AM

At the helm of Fidelity’s Magellan Fund for 13 years, mutual fund legend Peter Lynch transformed $18 million in assets under management to more than $14 billion. Now Lynch is pretty much out of the game. He chose to manage his own money for his family and philanthropic causes as opposed to launching a hedge fund or something of the like. Read more of this post

Tyrrells crisps boss David Milner talks about his very home-grown brand

Tyrrells crisps boss David Milner talks about his very home-grown brand

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David Milner rose through the ranks at Procter & Gamble, Mars and Kettle Foods before taking the top job at Tyrrells in 2010

By James Quinn

7:00PM GMT 07 Dec 2013

On the front of a vividly coloured pack of Tyrrells, the brand name and the promise of “hand cooked English crisps” sit beneath black and white photographs of English eccentrics in various poses. Read more of this post

The Case for a Midlife ‘Gap’ Year; Baby boomers are taking career breaks to reflect, re-energize and restart their engines

The Case for a Midlife ‘Gap’ Year

Baby boomers are taking career breaks to reflect, re-energize and restart their engines

ANNE TERGESEN

Dec. 8, 2013 4:32 p.m. ET

Baby boomers are calling for a timeout.

After decades of raising children and climbing the corporate ladder, they’re weary of the same old routine. But they’re so caught up in high-pressure jobs that they don’t have the time and energy to figure out what to do next. Enter the career break.

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EN-AA978B_GAPjm_G_20131205150908 EN-AA968_GAPjmp_G_20131204183010 Read more of this post

Nelson Mandela and the evolution of great leaders; Despite his flaws, and perhaps because of them, we find there is much more to consider about the late Nelson Mandela’s development as a leader

Nelson Mandela and the evolution of great leaders

December 6, 2013: 4:04 PM ET

Despite his flaws, and perhaps because of them, we find there is much more to consider about the late Nelson Mandela’s development as a leader.

By Hitendra Wadhwa

FORTUNE — Nelson Mandela sacrificed the usual trappings of a good life – family, comfort, professional success – to spend 27 years as a prisoner of conscience in his fight against apartheid. He emerged to lead his nation as its president in 1994 and chose to forgive rather than seek revenge for past crimes, helping South Africans build a new social foundation. Read more of this post

Mandela Leaves Divided Legacy in Africa; Former South African President’s Ties With Despots Drew Critics

Mandela Leaves Divided Legacy in Africa

Former South African President’s Ties With Despots Drew Critics

HEIDI VOGT

Updated Dec. 6, 2013 8:11 p.m. ET

NAIROBI, Kenya—In death, Nelson Mandela symbolized Africa’s struggle for freedom and aspirations for democracy. In life, things were more complicated. Nelson Mandela was a member of the African National Congress party when he was elected South Africa’s president in 1994. After his death, the ANC faces a struggling economy, a splintered identity and life without its symbolic leader. (Photo: Getty)

Mr. Mandela’s release from prison in 1990 transformed South Africa and helped inspire a wave of democratic revolutions across the continent: More than 30 African countries shucked dictatorship for multiparty elections in the decade that followed. Read more of this post

The real master has no tools at all, only a limitless capacity to improvise with what is to hand

Master of many trades

Our age reveres the specialist but humans are natural polymaths, at our best when we turn our minds to many things

by Robert Twigger 2,400 words

Robert Twigger is a British poet, writer and explorer. He lives in Cairo, Egypt.

I travelled with Bedouin in the Western Desert of Egypt. When we got a puncture, they used tape and an old inner tube to suck air from three tyres to inflate a fourth. It was the cook who suggested the idea; maybe he was used to making food designed for a few go further. Far from expressing shame at having no pump, they told me that carrying too many tools is the sign of a weak man; it makes him lazy. The real master has no tools at all, only a limitless capacity to improvise with what is to hand. The more fields of knowledge you cover, the greater your resources for improvisation. Read more of this post

When feedback dampens creativity

When feedback dampens creativity

Over the past decade, companies have begun using online ordering capabilities to develop a powerful marketing tool — “mass-customisation” systems that let customers design their own products.

BY –

5 HOURS 16 MIN AGO

Over the past decade, companies have begun using online ordering capabilities to develop a powerful marketing tool — “mass-customisation” systems that let customers design their own products. Read more of this post

Creative Confidence: Unleashing The Creative Potential Within Us All

Updated: Saturday December 7, 2013 MYT 11:01:48 AM

Age-old question answered

BY NICK WALKER

The Kelley brothers, David (right) founder of IDEO and Tom

Creative Confidence: Unleashing The Creative Potential Within Us All

Authors: Tom Kelley and David Kelley

Publisher: Crown

TODAY, the demand for reviews of business-related non-fiction remains robust. And the market gets what the market wants from middle-aged me. At least, until I can commoditise my daydreams. But the younger me naturally sought out genres more appealing to the juvenile mind. And for a while – while I was a “tweenie” – my passion was for those wonderful illustrated Tin Tin books (which have stood the test of time; they still sell well today). Read more of this post

Apple, coffee and techno: Jonathan Ive’s recipe for success; A biography of the iPhone and iMac’s British designer sheds new light on technology’s most-watched design team

Fiona writes on workplace issues, including…Show all

Why we need leaders who can talk, as well as walk

Published 02 December 2013 08:33, Updated 02 December 2013 08:34

Angela Ferguson is taking part in one of the world’s most interesting leadership experiments – where the top role is split among equals.

At the Australian arm of IT consultancy ThoughtWorks there is no “big chief”. The role is shared between Ferguson and Ryan Moffat as co-managing directors of the 200-person operation. At a global level, the 2500-strong company is led by a team of four chief executives. Read more of this post

The symbol of Mandela was more powerful than the reality of Mandela

The symbol of Mandela was more powerful than the reality of Mandela

By Khalo Matabane December 6, 2013

The idea for my documentary, Letter to Nelson Mandela, first occurred in 2011 in San Sebastian, Spain. I was having dinner with my hosts who had invited me to the Human Rights Film Festival there to show my work. One of them told me how divided Spain was and spoke at length about the violence. He eventually concluded, ‘’What Spain needs is a Nelson Mandela to unite us.’’ This, I found, was the glorification that I had become accustomed in relation to the global icon. Read more of this post

Meet The Startup That’s Going To Make Eggs (Yes, Eggs) Obsolete

Meet The Startup That’s Going To Make Eggs (Yes, Eggs) Obsolete

JAY YAROW0DEC 7, 2013, 07.32 PM

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If there’s one thing Silicon Valley is doing better than anywhere else right now, it’s optimism. The success of companies like Google, Facebook, Apple, Amazon, Instagram, Nest, Tesla, and others, have pushed people in the Valley to start trying things outside of the typical purview of the Valley. Read more of this post

Who Says Math Has to Be Boring?

December 7, 2013

Who Says Math Has to Be Boring?

By THE EDITORIAL BOARD

American students are bored by math, science and engineering. They buy smartphones and tablets by the millions but don’t pursue the skills necessary to build them. Engineers and physicists are often portrayed as clueless geeks on television, and despite the high pay and the importance of such jobs to the country’s future, the vast majority of high school graduates don’t want to go after them. Read more of this post

“The Art of Rube Goldberg” shows that the inventor known for his complex contraptions was an all-around cartoon man as well as an authentic American eccentric and wiseacre.

December 9, 2013

Beyond a Man’s Machines

By DANA JENNINGS

In the first half of the 20th century, Rube Goldberg was the Thomas Edison of the newspaper comics pages.

His inexhaustible reservoir of elaborate contraptions that mutated simple tasks (lighting a pipe, changing a diaper, killing mosquitoes) into madcap and complicated feats of ingenuity made him a rich and famous star, and an adjective in the American lexicon. As Goldberg, who lived from 1883 to 1970, said in 1930: “In black and white, I consider myself the most prolific inventor in America today. I figure I turn loose roughly 400 inventions a year.” Read more of this post

Science Says Art Will Make Your Kids Better Thinkers (and Nicer People); A new study supports our hunch that kids who are exposed to the arts gain benefits beyond just being “more creative.”

SCIENCE SAYS ART WILL MAKE YOUR KIDS BETTER THINKERS (AND NICER PEOPLE)

BY JENNIFER MILLER

A new study supports our hunch that kids who are exposed to the arts gain benefits beyond just being “more creative.”

Those who would consider themselves part of the creative class would probably agree that art is an important part of primary school education. Since school boards concerned about the bottom line don’t necessarily agree, a team of social scientists at the University of Arkansas is trying to scientifically prove the benefits of exposure to art. What they found, in a recent study published in the journals Education Next and Educational Researcher, is that students who are exposed to cultural institutions, like museums and performing arts centers, not only have higher levels of engagement with the arts but display greater tolerance, historical empathy, as well as better educational memory and critical thinking skills. Read more of this post

Corporate Cash Holding in Asia

Corporate Cash Holding in Asia

Charles Y. Horioka, Akiko Terada-Hagiwara

NBER Working Paper No. 19688
Issued in December 2013
In this paper, we analyze the determinants of corporate saving in the form of changes in the stock of cash for 11 Asian economies using firm-level data from the Oriana Database for the 2002–2011 period. We find some evidence that cash flow has a positive impact on the change in the stock of cash, which suggests that Asian firms are borrowing constrained and that they save more when their cash flow increases so that they will be able to finance future investments. Moreover, we find in the developed economy sample that, as expected, cash flow has a positive impact on the change in the stock of cash only in the case of the smallest firms, which are more likely to be borrowing constrained, and find in the developing economy sample that, as expected, the positive impact of cash flow on the change in the stock of cash declines with firm size. In addition, we find that the cash flow sensitivity of cash declined after the global financial crisis. Finally, we find some evidence that Tobin’s q has a positive impact on the change in the stock of cash.

Surgical robots’ awkward adolescence

Surgical robots’ awkward adolescence

December 9, 2013: 1:31 PM ET

Studies call their effectiveness into question; now an FDA recall looms

By Ryan Bradley, senior editor

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FORTUNE — It has not been the best year for Intuitive Surgical (ISRG), the maker of the most popular robot in the world for general surgery, the da Vinci. First, a study published in the Journal of the American Medical Association found little added benefit to hysterectomies performed with a robot, and yet the procedure cost on average one-third more when using the $1.5-$2.3 million machine. Then the Food and Drug Administration launched a probe on the company, sending out a survey for doctors that asked what sort of surgeries the robot is least suited for, and questioned the rigor of their training on the da Vinci. Finally, last week, the FDAposted a Class II recall on the machines after Intuitive sent out a warning for customers that the instruments can momentarily stall during procedures. The robots aren’t being pulled from the operating room, but they are undergoing plenty of inspections. Shares of Intuitive have fallen nearly 25% this year. Read more of this post

PillCam Maker Given Imaging to Be Bought by Covidien for $860M

PillCam Maker Given Imaging to Be Bought by Covidien

Hospital Equipment Maker to Pay $860 Million

JOSEPH WALKER

CONNECT

Dec. 8, 2013 7:20 p.m. ET

Given Imaging Ltd. GIVN +0.81% , a maker of ingestible pills that take photos inside patients’ bodies, agreed Sunday to be acquired by Covidien  COV +0.86% PLC for $860 million. Covidien will pay $30 a share, a nearly 27% premium to Given Imaging’s share price of $23.65 in 4 p.m. Nasdaq trading Friday. Read more of this post

Can we avoid an antibiotic apocalypse? ‘Today’s adults want the drugs but it is future generations who will suffer most from overuse’

December 6, 2013 12:09 pm

Can we avoid an antibiotic apocalypse?

By Gillian Tett

‘Today’s adults want the drugs but it is future generations who will suffer most from overuse’

What are the biggest future dangers faced by the western world? If asked that question, most people might mumble “terrorism”, “climate change”, “debt crisis” or “cybercrime”. But if Professor Dame Sally Davies, Chief Medical Officer for England, is correct, there is another terrifying issue looming over all of us: the growth of antibiotic resistance. Read more of this post

New era of cooperation among Asian stock exchanges

Updated: Monday December 9, 2013 MYT 6:44:53 AM

New era of cooperation among Asian stock exchanges

THE landmark collaboration between two rivals – the Singapore Exchange (SGX) andHong Kong Exchanges & Clearing (HKEx) – marks the beginning of a new era of strengthening of ties among Asian exchanges. Coming together in the face of competition, the partnership will enhance the strength of Hong Kong as a yuan hub, and Singapore as a foreign exchange hub as well as a gateway for the futures market in Asia, said the Singapore Business Times (BT). Read more of this post

Asean needs more vim and vigour

Updated: Saturday December 7, 2013 MYT 10:38:14 AM

Asean needs more vim and vigour

BY TAN SRI DR MUNIR MAJID

Region’s private sector must play its part

IT takes a long time for reform to take place. In the over 45 years of Asean existence, meaningful reform only took place after 40 when the Asean Charter was adopted in December 2008 which gave the cooperative organisation legal personality. Established in 1967, it was not until 1976 before the secretariat was established. Before that administrative matters had been managed by a standing committee in member state foreign ministries. Read more of this post

Sysco Buys Rival US Foods for $3.5 Billion to Create Food-Distribution Giant

Sysco Buys Rival US Foods for $3.5 Billion to Create Food-Distribution Giant

Deal by Food-Service Providers Would Give US Foods Holders About 13% of Sysco

ANNIE GASPARRO, RYAN DEZEMBER and SARAH E. NEEDLEMAN

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Updated Dec. 9, 2013 1:52 p.m. ET

Sysco Corp. SYY +8.13% said it will buy US Foods for $3.5 billion in stock and cash, uniting the country’s two biggest food-distribution companies into a giant with about $65 billion in annual revenue.

Read more of this post

Innovation and Investment Pop Commodity Price Bubble; Expanded Supply of Commodities Has Moderated Prices Pushed Up by Chinese Demand

Innovation and Investment Pop Commodity Price Bubble

Expanded Supply of Commodities Has Moderated Prices Pushed Up by Chinese Demand

PATRICK BARTA and JOHN W. MILLER

Dec. 8, 2013 11:00 p.m. ET

The Tsingshan Holding Group produces nickel pig iron at this plant near Ningde. Chinese companies learned more efficient ways to make stainless steel from this cheaper substitute. Patrick Barta/The Wall Street Journal

NINGDE, China—The price of nickel, a metal used to make stainless steel for everything from sauce pans to guitar strings, spiked past $50,000 a metric ton in 2007 from less than $10,000 just a few years earlier. Read more of this post

Xiaomi Plans to Expand Into Southeast Asia

DECEMBER 9, 2013, 12:31 PM

Xiaomi Plans to Expand Into Southeast Asia

By ERIC PFANNER

TOKYO — Since August, when the Chinese mobile phone maker Xiaomi lured away a top Google executive, Hugo Barra, to oversee its international expansion plans, two big questions remained: When and where would Xiaomi turn its attention? Over the weekend, the company provided some clues. Read more of this post

U.S. Media Firms Stymied in China

U.S. Media Firms Stymied in China

Financial News Sites Blocked Inside China as Rivals Seek to Unlock a Fast-Growing Market

KATHY CHU in Hong Kong And WILLIAM LAUNDER in New York

Updated Dec. 6, 2013 7:46 p.m. ET

China’s recent clampdown on foreign media is crimping the expansion plans of Western news organizations, at a time when many experts believe the Chinese market for news and financial data could be poised for explosive growth. Read more of this post

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