China companies try new measures to keep staff from fleeing

China companies try new measures to keep staff from fleeing

Friday, Dec 20, 2013

Qiu Quanlin

China Daily/Asia News Network

Chen Zhongwei has had to shift some of his processing business to factories in inland areas due to a shortage of workers in his company, located in the traditional manufacturing hub of Dongguan. Read more of this post

Australia’s slowing economy needs its floating exchange rate more than ever

Australia’s slowing economy needs its floating exchange rate more than ever

Dec 14th 2013 | From the print edition

THIRTY years ago this week, Australia took a big economic gamble. On December 12th 1983 Paul Keating, then treasurer (finance minister), decided to float the Australian dollar.

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Ordinary Australians have lived with the highs and the lows of this decision ever since. In its first 20 years afloat, the dollar’s value closely followed the prices of the commodities Australia exports (see chart). But around 2003 they suddenly diverged. Over the next eight years commodity prices quadrupled; the dollar rose by much less. It no longer “has any day-to-day relationship to commodity prices”, according to Ric Deverell of Credit Suisse, a bank. Read more of this post

Hyosung chairman grilled over the group’s alleged tax evasion, embezzlement and creation of a slush fund

2013-12-10 16:48

Hyosung chairman grilled over slush fund creation

Nam Hyun-woo

Hyosung Group Chairman Cho Suk-rae appeared before the prosecution Tuesday to be questioned over the group’s alleged tax evasion, embezzlement and creation of a slush fund. The 78-year-old tycoon appeared at the Seoul Central District Prosecutors’ Office at around 10 a.m.  Read more of this post

Korean TV gets real

Korean TV gets real

Saturday, December 21, 2013 – 07:45

The Straits Times

KOREA – The leads are unusual, but South Korea’s reality shows are gaining fans for their feel-good vibe First, it was pretty boys. Now, it is the grandfathers’ turn. Whereas once the South Korean pop culture wave swept away fans with the likes of idol dramas filled with pretty faces, such as the 2009 hit series Boys Over Flowers, it is now cresting on the strength of reality series featuring faces that are not necessarily pretty – or even young. Read more of this post

Korea’s State firm CEOs pressured to cut debts; combined debt owed by public firms totaled 565.8 trillion won ($538 billion), higher than the government’s debt of 446 trillion won

2013-12-10 17:40

State firm CEOs pressured to cut debts

By Na Jeong-ju
Strategy and Finance Minister Hyun Oh-seok vowed Tuesday to conduct “rigorous” debt restructuring programs at public firms, saying their CEOs will be held responsible if they fail to meet government standards.
“We will implement stricter performance evaluation standards for all CEOs at public firms,” Hyun said during a forum on public sector reform in Seoul. “If they fail to reduce debts, they will be kicked out immediately. We won’t consider their given terms.” Read more of this post

Thai Opposition Decision on Election Participation Risks Crisis

Thai Opposition Decision on Election Participation Risks Crisis

Thailand’s main opposition Democrat Party will decide today whether to boycott a snap election called for Feb. 2, a move that may deepen the nation’s political crisis after months of street protests. Senior party officials including former lawmakers, who will meet in Bangkok, have been urged to skip the polls by protesters calling for parliament to be replaced by an unelected council. The protesters are seeking to erase the political influence of Prime Minister Yingluck Shinawatra’s family. Read more of this post

Taking voting rights away from poor and uneducated not the answer: Thailand’s election commissioner

Taking voting rights away from poor and uneducated not the answer: Thailand’s election commissioner

Saturday, December 21, 2013 – 12:59

Pravit Rojanaphruk

The Nation/Asia News Network

THAILAND – Talk among the educated middle class and the elite about taking away people’s right to vote is unacceptable, Election Commission member Somchai Srisuthiyakorn said, adding that this went against the fundamental values of equality. Read more of this post

Why do Germans shun Twitter? “I don’t want people to know what I do in my spare time”

Why do Germans shun Twitter?

Dec 18th 2013, 14:51 by S.W.

WHEN the official Twitter feed announced the microblog’s IPO in November, around 8,000 followers retweeted the news the following week. Barely 50 of them were German. According to Semiocast, an analyst, Germany ranks 31st worldwide in terms of public tweets, with 59m per year. Germany’s 82m people have just 4m Twitter accounts. That puts it 22nd in the world, behind not only European neighbours like Britain (population 63m, 45m accounts) or Spain (population 47m, 16m accounts) but also Turkey (population 75m, 11m accounts) and the Philippines (population 98m, 8.6m accounts). Read more of this post

Welcome to the Internet of Thingies: 61.5% of Web Traffic Is Not Human

Welcome to the Internet of Thingies: 61.5% of Web Traffic Is Not Human

By Alexis C. Madrigal

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It happened last year for the first time: bot traffic eclipsed human traffic, according to the bot-trackers at Incapsula. This year, Incapsula says 61.5 percent of traffic on the web is non-human.  Read more of this post

Uber Might Be More Valuable Than Facebook Someday. Here’s Why

12/7/2013 at 2:49 AM

Uber Might Be More Valuable Than Facebook Someday. Here’s Why

By Kevin Roose

One of the odd things about traveling between the Bay Area and New York a lot is the asynchronicity of mass culture between coasts: That is, the things that get popular in the Bay Area (PostMates, Burning Man) don’t always get popular in New York right away, and things New Yorkers think are a big deal (cronuts, Banksy) are greeted with shrugs in San Francisco. Read more of this post

The Day Google Had to ‘Start Over’ on Android

The Day Google Had to ‘Start Over’ on Android

By Fred Vogelstein

When Steve Jobs debuted the iPhone in 2007, he derailed Google’s two year-old Android project—Google’s bid to change the world of cellular software. (Reuters)

In 2005, on Google’s sprawling, college-like campus, the most secret and ambitious of many, many teams was Google’s own smartphone effort—the Android project. Tucked in a first-floor corner of Google’s Building 44, surrounded by Google ad reps, its four dozen engineers thought that they were on track to deliver a revolutionary device that would change the mobile phone industry forever. Read more of this post

Tan Sri Andrew Sheng: The year of Internet innovation

Updated: Saturday December 21, 2013 MYT 12:40:21 PM

The year of Internet innovation

BY ANDREW SHENG

Online business is here to stay

As the year comes to a close, we need to reflect on what are the most important things that have affected our lives in the recent past. In my view, the Internet continues to change our world. The most significant Internet event in 2013 was not the listing of Facebook, which priced the company at US$104bil, but the revelation by Edward Snowden of the surveillance of the Internet in July 2013, which showed that Big Brother, friend or foe, is really watching. Since my smartphone is smart enough to track me to the toilet, there really is no privacy left in this world. Read more of this post

Robinhood App Will Offer Zero-Commission Stock Trades Thanks To $3M Seed From Index And A16Z

Robinhood App Will Offer Zero-Commission Stock Trades Thanks To $3M Seed From Index And A16Z

Posted Dec 18, 2013 by Josh Constine (@joshconstine)

Why pay E*Trade or Scottrade $7 to trade a stock when you could do it for free? That premise helped mobile investment app startup Robinhood raise the $3 million seed round led by Index Ventures it announced today. With the zero-commission trading it will launch next month, Robinhood is out to prove that young people do care about trading stocks — it’s just been too expensive for them to invest small sums. Read more of this post

Intel Seen Threatened as Google Mulls Own Server Chips

Intel Seen Threatened as Google Mulls Own Server Chips

By Tim Culpan, Ian King and Brian Womack  Dec 13, 2013

Intel Corp. (INTC)’s dominance in semiconductors is already threatened by the market’s shift to mobile devices. Google Inc. is poised to make matters worse. Read more of this post

Netflix’s War on Mass CultureBinge-viewing was just the beginning. Netflix has a plan to rewire our entire culture

DECEMBER 4, 2013

Netflix’s War on Mass CultureBinge-viewing was just the beginning. Netflix has a plan to rewire our entire culture

BY TIM WU

Given all the faces you see glued to computers, tablets, and cell phones, you might think that people watch much less television than they used to. You would be wrong. According to Nielsen, Americans on average consume nearly five hours of TV every day, a number that has actually gone up since the 1990s. That works out to about 34 hours a week and almost 1,800 hours per year, more than the average French person spends working. The vast majority of that time is still spent in front of a standard television, watching live or prescheduled programming. Two decades into the Internet revolution, despite economic challenges and cosmetic upgrades, the ancient regime survives, remaining both the nation’s dominant medium and one of its most immutable. Read more of this post

How A Promising Electric Car Battery Startup Completely Self-Destructed

How A Promising Electric Car Battery Startup Completely Self-Destructed

ANTONY INGRAMGREEN CAR REPORTS
DEC. 20, 2013, 5:16 PM 1,360 3

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The race to find battery technologies of the future is not one without casualties. The trail left behind Envia, one of the most promising battery startups in recent years, has left something more akin to a warzone–and even huge companies like General Motors have taken shrapnel during their contribution.

Read more of this post

BlackBerry’s Foxconn Deal Spurs Evolution Into Services Company

BlackBerry’s Foxconn Deal Spurs Evolution Into Services Company

BlackBerry Ltd. (BBRY)’s five-year deal to outsource smartphone production to Foxconn Group is jump-starting its transformation into a services provider, pleasing investors who were looking for a smaller, nimbler company BlackBerry announced plans yesterday for Foxconn to make its phones at plants in Indonesia and Mexico, sending the shares up 16 percent, the biggest one-day gain in more than four years. The move will help the struggling company cut production spending and avoid the kind of inventory gluts that contributed to a $4.6 billion writedown last quarter. Read more of this post

Google’s Road Map to Global Domination

December 11, 2013

Google’s Road Map to Global Domination

By ADAM FISHER

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Luc Vincent, the man in charge of all the imagery in Google’s online maps, next to a Trekker.

Fifty-five miles and three days down the Colorado River from the put-in at Lee’s Ferry, near the Utah-Arizona border, the two rafts in our little flotilla suddenly encountered a storm. It sneaked up from behind, preceded by only a cool breeze. With the canyon walls squeezing the sky to a ribbon of blue, we didn’t see the thunderhead until it was nearly on top of us. Read more of this post

E-commerce firms have a hard core of costly, impossible-to-please customers

E-commerce firms have a hard core of costly, impossible-to-please customers

Dec 21st 2013 | BERLIN | From the print edition

“SCHREI vor Glück oder schick’s zurück!” went the slogan for Zalando, a big German online retailer: “Scream for joy or send it back!” But so many people took up the second half of the slogan that Zalando now uses just “Schrei vor Glück!” in its marketing. Read more of this post

Deal With It: Mobile Ads Are Here to Stay

Deal With It: Mobile Ads Are Here to Stay

FARHAD MANJOO

Dec. 18, 2013 4:47 p.m. ET

A year ago, fresh off the rocky Facebook FB +0.13% IPO, much of the tech industry worried about the future of online advertising. At the time, the Web was undergoing a profound shift, with all of us spending more time browsing on our phones, and less on our rickety old desktops. It remained an open question, though, whether Web companies would be able to make money in a mobile world. Read more of this post

Cloud Wars: Amazon and Google Win; Everyone Else Loses

SATURDAY, DECEMBER 21, 2013

Cloud Wars: Amazon and Google Win; Everyone Else Loses

By TIERNAN RAY | MORE ARTICLES BY AUTHOR

PC stocks staged a dramatic comeback in 2013, but the big story—the cloud—is not likely to be kind to them in the year ahead.

When so little is expected of you, there are so many ways to come up smelling like a rose. Read more of this post

By Sci-Fi Standards, Newest Robots May Disappoint

December 20, 2013

By Sci-Fi Standards, Newest Robots May Disappoint

By JOHN MARKOFF

HOMESTEAD, Fla. — The robot gently grabbed the door handle and pulled it open. But before it could shuffle through the frame, it lost its grip and the spring-loaded door slammed shut. Read more of this post

BlackBerry’s Foxconn Deal Spurs Evolution Into Services Company

BlackBerry’s Foxconn Deal Spurs Evolution Into Services Company

BlackBerry Ltd. (BBRY)’s five-year deal to outsource smartphone production to Foxconn Group is jump-starting its transformation into a services provider, pleasing investors who were looking for a smaller, nimbler company. BlackBerry announced plans yesterday for Foxconn to make its phones at plants in Indonesia and Mexico, sending the shares up 16 percent, the biggest one-day gain in more than four years. The move will help the struggling company cut production spending and avoid the kind of inventory gluts that contributed to a $4.6 billion writedown last quarter. Read more of this post

Bingeing on Beyoncé: The Ripple Effect; Beyoncé’s new album and videos are innately sharable, generating a sort of ripple effect that is keeping the album front and center in the Web’s ephemeral consciousness

DECEMBER 20, 2013, 2:27 PM

Bingeing on Beyoncé: The Ripple Effect

By JENNA WORTHAM

Early in the morning of Dec. 13, Beyoncé turned the Internet upside down with the surprise release of a new music and video album, announced with a simple Instagram post. She did no traditional promotion for the album, no advance marketing. Read more of this post

Bracing for tough times

Updated: Saturday December 21, 2013 MYT 8:25:43 AM

Bracing for tough times

BY CECILIA KOK

HARD times beckon as Malaysians usher in a year of price hikes in less than two weeks.

Undoubtedly, we will all feel a tad poorer, as our discretionary spending power gets squeezed by the increase in prices of some basic items such as fuel, sugar, electricity, and possibly, highway toll rates. Although we have been told that some of us, in particular those who belong to the low-income group, would be spared from the direct impact of the price hikes, it is unlikely that anyone could escape the spill-over effects of higher costs of basic items. Read more of this post

Hollywood has always been a “caste-system town”; Working in TV used to be considered less desirable than unemployment; today it is where most of the money is, so writers, producers and the studios themselves are focusing more on TV

Business in Tinseltown is as unpredictable as it was 30 years ago

Dec 21st 2013 | LOS ANGELES | From the print edition

IN 1983, when William Goldman, a star screenwriter, revealed the inner workings of the film-making business in “Adventures in the Screen Trade”, Hollywood was in turmoil. The studios were reeling from a string of flops, most notably “Heaven’s Gate”, a Western released the previous year that had cost $44m (a huge sum in those days), ruining United Artists, the studio that made it. Mr Goldman’s book is best remembered for coining the rule that in his industry, “nobody knows anything”: it is anyone’s guess whether a film will be a hit or a miss. Read more of this post

Your FX year that was

Your FX year that was

David Keohane

| Dec 16 10:28 | Comment | Share

At least for the majors. Just some annotated charts courtesy of HSBC, click to enlarge: More in the usual place for those that want it.

Screen-Shot-2013-12-16-at-15.43.23 Screen-Shot-2013-12-16-at-15.44.44 Screen-Shot-2013-12-16-at-15.45.20

 

What’s Wrong With REITs, Anyway? REITs outperformed stocks between 2009 and 2012. But this year, they have fallen far behind. What’s an investor to do?

Dec 20, 2013

What’s Wrong With REITs, Anyway?

JASON ZWEIG

Taper your expectations, real-estate investors. That’s one of the clearest lessons from the Federal Reserve’s decision this Wednesday to scale back, or “taper,” its bond-buying program to $75 billion from $85 billion per month. Read more of this post

What the Rest Really Should Learn From the West in Order to Catch Up

What the Rest Really Should Learn From the West in Order to Catch Up

By Pankaj Mishra on 5:20 pm December 17, 2013.

In “Free to Choose,” Milton and Rose Friedman first posed the binary of private markets versus state intervention, which would come to underpin World Bank and International Monetary Fund reports, policies and prescriptions for the next two decades. According to the Friedmans, places such as Japan, South Korea, Taiwan, Hong Kong and Singapore had succeeded due to their reliance on “private markets.” India, China and Indonesia had stagnated after “relying heavily on central planning.” Read more of this post

Wealth managers are paying for clients’ sins, even if they were unaware of them

Wealth managers are paying for clients’ sins, even if they were unaware of them

Dec 14th 2013 | NEW YORK | From the print edition

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AMERICANS never made up a large portion of Swiss private banks’ international client base, but the price to be paid for allowing some of them to evade tax is proving to be steep—and could be ruinous for some smaller wealth managers. By December 9th most of Switzerland’s 300 or so banks were required to tell their regulator whether they would participate in a voluntary-disclosure programme crafted by the Department of Justice, under which those that have handled untaxed accounts for American clients can wipe the slate clean in exchange for fines. Swiss authorities have urged banks to sign up to avoid the fate of Wegelin, a venerable private bank that closed after being indicted in New York for aiding tax dodgers. Read more of this post