R.E.S.-ilience in Value Creation 《竹经：经商经世离不得立根创新》
December 6, 2013 Leave a comment
December 4, 2013 5:56 pm
The need to rein in perfectionism
By Naomi Shragai
In psychotherapy we have a useful concept to take the pressure off parents who feel they need to be perfect. We say they need only to be “good enough”, and that an important way of achieving that is to create the right environment for their children to thrive. Read more of this post
December 6, 2013 Leave a comment
Harvard Median Grade of A- Gets F in Responsibility From Teacher
Harvard University undergraduates are more likely to get an A than any other grade, a measure of academic largesse that hurts the college’s students in the long run, a professor said.
A university official revealed in a faculty meeting that A’s are the most frequently given mark from Harvard College teachers, and A- is the median grade, the Harvard Crimson student newspaper reported yesterday.
“They’re debasing the value of an A,” said Harvey Mansfield, a government professor who has long decried grade inflation at the school in Cambridge, Massachusetts. “They’re ignoring their responsibility to maintain our standards.”
Jay Harris, Harvard’s dean of undergraduate education, revealed the data on grades to answer a question from Mansfield at a monthly faculty meeting, the Crimson reported. Jeff Neal, a university spokesman, confirmed the accuracy of the information in an e-mailed statement today.
“We believe that learning is the most important thing that happens in our classrooms and throughout our system of residential education,” Neal said. “The faculty are focused on creating positive and lasting learning outcomes for our undergraduates. We watch and review trends in grading across Harvard College, but we are most interested in helping our students learn and learn well.”
The school formed an Initiative on Teaching and Learning in 2011.
Cheating Scandal
Harvard, the oldest and richest U.S. university, had its scholarly reputation rocked last year by a final-exam cheating scandal that resulted in suspensions for dozens of students. The scandal was discovered when teachers noticed evidence of students collaborating inappropriately on a take-home exam.
The college’s students expect high grades, whether or not they perform outstanding work, Mansfield said.
“The scandal took place in an atmosphere where easy, good grades are expected,” he said in a telephone interview. “People aren’t serious about working for grades.”
Mansfield said that many teachers give A’s because they want to maintain good relationships with students, who need high marks to get jobs and places in graduate and professional schools. He called the high-grade glut a kind of pollution, where each person thinks their contribution is harmless.
“Students are living in a bubble,” he said. “When they get out, they’re surprised that people don’t get A’s for doing no work and being dumb.”
Established in 1636, Harvard has an endowment of $32.7 billion, the biggest educational fund in the world. The school said in September that it plans to raise $6.5 billion in donations by 2018, a record goal for U.S. universities.
— Editors: Chris Staiti, Lisa Wolfson
To contact the reporter on this story: John Lauerman in Boston at jlauerman@bloomberg.net
December 6, 2013 Leave a comment
Trust-based payment system not working out well for restaurant
Wednesday, December 4, 2013 – 09:24
China Daily/Asia News Network
The owner of a self-service restaurant in Fujian province that trusts diners to pay what they want says he is running up a huge financial loss – as many people opt to pay nothing at all. Five Loaves and Two Fish was opened in downtown Fuzhou in August, offering coffee, cakes and hot dishes. It has five round tables and six workers to cook and clean. Read more of this post
December 6, 2013 Leave a comment
December 4, 2013
Baffling 400,000-Year-Old Clue to Human Origins
By CARL ZIMMER
Scientists have found the oldest DNA evidence yet of humans’ biological history. But instead of neatly clarifying human evolution, the finding is adding new mysteries. In a paper in the journal Nature, scientists reported Wednesday that they had retrieved ancient human DNA from a fossil dating back about 400,000 years, shattering the previous record of 100,000 years. Read more of this post
December 6, 2013 Leave a comment
Posted: November 22, 2013
Sally Helgesen is an author, speaker, and leadership development consultant, whose most recent book is The Female Vision: Women’s Real Power at Work(with Julie Johnson; Berrett-Koehler, 2010).
The Three Habits of Highly Effective Demotivators
Jake, a young marketing whiz, thought he’d found his perfect match in a well-funded technology startup in the academic sector. (It’s a real company, but I’ve changed all names.) For the first few months, Jake was in heaven: smart colleagues, plenty of autonomy, an open field of savvy customers looking for solutions in a hot sector, behind-the-curve competitors, and a terrific product he could sell with his heart. Read more of this post
December 6, 2013 Leave a comment
December 4, 2013
The President, the Pope and the People
On Wednesday, while delivering a speech largely about income inequality and economic mobility, a populist president invoked a populist pope. After rattling off a laundry list of dire statistics, President Obama cited Pope Francis: Read more of this post
December 6, 2013 Leave a comment
December 4, 2013 5:16 pm
Serious innovation requires serious state support
By Mariana Mazzucato
Growth requires the kind of committed finance behind Silicon Valley, writes Mariana Mazzucato
Economics ministers around the developed world say that they want to “rebalance” away from speculative finance and build up a more productive “real economy”. Yet this plan overlooks just how sick the real economy has become. It also ignores that we need high-quality finance – not just large quantities of it – in order to regenerate it. Read more of this post
December 6, 2013 Leave a comment
20 Years Of Tech Innovation In A Single Picture
DEC. 3, 2013, 9:00 AM 15,936 9
The picture below was recently tweeted by @FascinatingPics. It shows some of the 1993 technology that is now packed into 2013 technology. Anytime you think the pace of innovation in the world is slowing down, just have another glance at this.
December 6, 2013 Leave a comment
16 Gifts Every Investor Would Love
STEVEN PERLBERG AND SAM RO NOV. 29, 2013, 1:33 PM 101,944 1
This editorial feature, “16 Gifts Every Investor Would Love,” is sponsored by Rosetta Stone. For many, the actual act of holiday shopping is the scourge of an otherwise cheerful season. A good gift is hard to find for anyone, but if you’ve got an investor in your life, it can prove especially difficult. Not to fear, because we’ve got a bunch of great options for you. Whether it’s a desktop essential, a must-have book, or a premium item, we have you covered this year. Prices may vary, but these are sure to keep any investor risk-on for 2014. Read more of this post
December 6, 2013 Leave a comment
Goldman Sachs Sued by Singapore Client Oei Over Loss
Goldman Sachs Group Inc. (GS) was sued by Singaporean wealth-management client Oei Hong Leong over a $34.3 million loss on Brazilian real-yen options trades he said it misled him into making. Oei accused the New York-based bank of fraudulent misrepresentation, breach of fiduciary duty, fraudulent inducement and unjust enrichment in papers filed today in New York state court. Read more of this post
December 6, 2013 Leave a comment
TUESDAY, NOVEMBER 26, 2013
IDEA VELOCITY. What I learned from SAC.
POSTED BY DASAN AT 9:25 AM
SAC, the infamous hedge fund led by mercurial, secretive, super art collector Stevie Cohen is legendary. They have recently been accused of insider trading and it sure looks like they are guilty. But there are a lot of very smart people that worked there that had nothing to do with this scandal. PMs and analysts in Hedgistan dream of toiling there and making obscene riches. As an unabashed trading addict and player of The Game, I was like a moth to the flame. I had to check this place out. I did. Although by dumb luck and a well-calibrated BS detector, I was able to avoid joining them, I did meet with them over a dozen times. I learned some principles that have changed my way of trading forever. For the good. Out of a spirit of equanimity and gratitude, I will share them with you. Read more of this post
December 6, 2013 Leave a comment
Updated: Sunday December 1, 2013 MYT 8:55:40 AM
Misunderstanding the ‘Asean Way’
BY BUNN NAGARA
Forging ahead: Delegates attending a photo call at the 5th Asean–UN Summit as part of the 23rd Asean Summit in Brunei. Asean began as a highly improbable organisation but over time, Asean and its member nations have not only survived but prospered. — Bernama
The strength of Asean, or the effectiveness of its Secretariat, is only what its least willing member would allow it to be.
TOO often are standard arguments repeated at international conferences, particularly those of a regional strategic nature, regardless of whether those arguments are true or correct. Read more of this post
December 6, 2013 Leave a comment
China Bans Financial Companies From Bitcoin Transactions
China’s central bank barred financial institutions from handling Bitcoin transactions, moving to regulate the virtual currency after an 89-fold jump in its value sparked a surge of investor interest in the country. Bitcoin plunged more than 20 percent to below $1,000 on the BitStamp Internet exchange after the People’s Bank of China said it isn’t a currency with “real meaning” and doesn’t have the same legal status. The public is free to participate in Internet transactions provided they take on the risk themselves, it said. Read more of this post
December 6, 2013 Leave a comment
China Said to Consider Bitcoin Regulations After Investor Losses
China is considering requiring Bitcoin exchanges to disclose large transactions and confirm the identity of users after investors lost money through a fake platform, two people with direct knowledge of the matter said. The People’s Bank of China, China Banking Regulatory Commission and other regulators have held discussions about drafting rules for trading platforms that facilitate the buying and selling of the virtual money, said the people, who were not authorized to speak because the information is not public. The Bitcoin exchanges may be forced to inform authorities about sizable or suspicious transactions, they said. Read more of this post
December 6, 2013 Leave a comment
China’s Bigger Innovation Problem
It’s not just about money for R&D. Innovators have to want to live there, too.
KEN MILLER
Dec. 4, 2013 12:24 p.m. ET
Last month’s Third Plenum meeting of Chinese leaders seemed to signal Beijing’s intention to experiment with more economic and financial freedom. Leaders now acknowledge the old model of cheap inputs—inexpensive labor, low-cost capital for state-owned enterprises, and the socialization of environmental costs—no longer works. Read more of this post
December 6, 2013 Leave a comment
Banks Cut Raw-Materials Staff to Fewest Since ’09: Commodities
The biggest banks are employing the fewest commodity traders, salespeople and analysts in at least four years as tighter regulations and the second drop in prices since 2001 spur cutbacks. Total headcount in commodity units at the 10 largest banks, from Goldman Sachs Group Inc. to Barclays Plc, stood at 2,290 at the end of September, about 4 percent less than at the end of 2012, according to data starting in 2009 from Coalition, the London-based analytics company. Pay for those workers may drop 13 percent on average this year, a fourth straight decline, said Options Group, a recruitment company. Read more of this post
December 6, 2013 Leave a comment
December 5, 2013 9:00 am
Large investors turn cold on commodities
By Gregory Meyer in New York
After two years at the helm of the world’s worst-performing asset class, managers of commodities funds could be forgiven for feeling unloved. Wall Street analysts, big-picture strategists and powerful consultants have turned cold on oil, metals and grain futures as a decade-long rally peters out. And investors are listening, with many now reluctant to commit further funds. Some are heading for the exits. Read more of this post
December 6, 2013 Leave a comment
Coke’s Global Brands and Distribution Network Are Unmatched
By Thomas Mullarkey, CFA | 12-04-13 | 06:00 AM | Email Article
Coca-Cola (KO) described its 2020 vision in 2009 and since then has been making steady progress in achieving its goals. The company hopes to double the amount of Coca-Cola beverages consumed around the world and double system revenue in that time frame. While we believe volume growth during the next decade will be led by emerging markets, we think Coca-Cola’s sales in mature geographies will also expand as the firm broadens its portfolio of still beverages. Coca-Cola’s vast distribution network and powerhouse brands are second to none and have helped the company create one of the widest economic moats in our consumer defensive coverage universe. We believe the firm’s wide moat justifies an above-average multiple, and the shares look undervalued compared with our $45 fair value estimate. Read more of this post
December 6, 2013 Leave a comment
Dementia epidemic looms with 135 million sufferers seen by 2050
7:04pm EST
By Kate Kelland
LONDON (Reuters) – Many governments are woefully unprepared for an epidemic of dementia currently affecting 44 million people worldwide and set to more than treble to 135 million people by 2050, health experts and campaigners said on Thursday. Read more of this post
December 6, 2013 Leave a comment
Ditching Big Drugmakers for Biotech Brings Leukemia Boon
Fifty-five, pensionless and assuming he’d have to work until he died, Roger Ulrich had a decision to make. After two decades in the pharmaceutical industry, his position at Merck & Co. (MRK) had been phased out. Instead of joining another big drug company, where he could expect a steady income and relative job security, Ulrich took a leap. He teamed with two partners, raised seed funding and founded a biotechnology company, making a bet on an industry characterized by risk. Read more of this post
December 6, 2013 Leave a comment
Intuitive Robots May Stall in Surgery, Company Warns
Intuitive Surgical Inc. (ISRG), the maker of a $1.5 million robot surgery system, told doctors that friction in the arms of some devices may cause the units to stall, the second warning issued about the company’s products in a month. The company sent an “urgent medical device recall” Nov. 11 alerting customers of the issue, which affects 1,386 of the systems worldwide, the U.S. Food and Drug Administration said in a Dec. 3 notice on its website. The stalling may result in a sudden “catch-up” if the surgeon pushes through the resistance, the agency said. Read more of this post
December 6, 2013 Leave a comment
Billionaires Chase Growth for Dabur in Villages: Corporate India
Dabur India Ltd. (DABUR), the household goods maker controlled by the billionaire Burman family, is expanding in the rural market of the world’s second-most populated nation to revive sales that grew at the slowest pace in two years. The company increased its rural network to cover 36,000 villages as of October from 14,000 in March 2012, Dabur said in an e-mail. That helped the maker of Hajmola digestive candy boost sales in villages to 50 percent of revenue in the year ended March 31 from 40 percent in 2009. Revenue from Indian operations in the quarter ended Sept. 30 grew 10.6 percent, the slowest pace since the same quarter in 2011. Read more of this post
December 6, 2013 Leave a comment
BJP India Opposition Set to Win State Elections Before 2014 Vote
India’s main opposition party is set to win four of five state elections held over the past month, wresting power from the ruling Congress party in one area and giving it momentum ahead of national voting next year. The Bharatiya Janata Party, which picked Narendra Modi as its choice for prime minister, is set to retain two states, take power from Congress in another and win the most seats in the capital New Delhi, according to an exit poll yesterday conducted by C-Voter and broadcast on the Times Now television channel. Official vote counting in the states, home to about a sixth of India’s 1.2 billion people, will take place on Dec. 8. Read more of this post
December 6, 2013 Leave a comment
Gold Smuggling Increases 7x In India And Surpasses Illegal Drug Trade
Tyler Durden on 12/04/2013 22:12 -0500
Submitted by Michael Krieger of Liberty Blitzkrieg blog,
The absurd “War on Gold” that India has launched this year has been covered many times on this site. From the moment I read about it, it was obvious that if Indians want their gold, the Indians will have their gold. You can’t break thousands of years of tradition and culture because of the ignorant whims of a few bureaucrats. Read more of this post
December 6, 2013 Leave a comment
December 4, 2013 5:18 pm
India is out of the woods but a long way from safe
By David Pilling
The optimism of recent years when Indians talked of growing faster than China is of another era
New Delhi is no longer in panic mode. After a few really dicey months this summer when the rupee was sinking and the government was taking measure after ineffective measure to hold the line, an uneasy calm has been restored in India. The currency is 10 per cent above its September lows and stocks are 15 per cent higher. Read more of this post
December 6, 2013 Leave a comment
India Proves Hard to Crack for VW as Swift Outshines Polo
For Volkswagen AG (VOW), the route to being the world’s top carmaker was meant to go through India.
Instead, auto sales in the country are headed for their first annual drop since 2002, the German carmaker has captured only a third of the 10 percent market share it’s targeting and factories are producing about 40 percent of the cars they are capable of making. Not only are Volkswagen-badged vehicles typically more expensive than other brands, they also compete against models from sister marque Skoda. Read more of this post
December 6, 2013 Leave a comment
December 4, 2013
Mobile Payments Gain Traction Among India’s Poor
By RICHARD SHAFFER
Shashank Joshi, founder of MoneyOnMobile.
MUMBAI, India — In a narrow room filled with acrid fumes in one of the world’s largest slums, Chinak Ramtheol earns about $4 a day tending machines that melt and slice plastic trash into pellets for recycling. He manages to save enough that he regularly can send a few hundred rupees to his family in rural Siddharthnagar, a thousand miles across India near Nepal. Read more of this post
December 6, 2013 1 Comment
Dec 4, 2013
In Big Reversal, Yen Poised To Finish as Weakest Major Currency
By Ira Iosebashvili
If there was an award for the most bi-polar currency, the yen would be a shoo-in. Assuming price levels don’t change much in what’s left of 2013, the yen will have been either the weakest or the strongest major currency against the dollar in each of the last six years, according to research by Deutsche BankDBK.XE -0.98%. It’s down about 18% this year thanks to a strong dollar and Japan’s attempts to finally end years of chronic deflation and lackluster economic growth. Read more of this post
December 6, 2013 Leave a comment
Sony Scores Early Points in New Console Wars
AARON BACK
Dec. 4, 2013 11:30 p.m. ET
The console wars are back, and Sony 6758.TO -1.14% has a new battle plan. Initial reports indicate Sony’s PlayStation 4 has an early edge over Microsoft‘sMSFT +1.64% XBox One. Both sold more than 1 million units on their first day, but Sony managed this in far fewer markets. Sony said Tuesday it had already sold 2.1 million units, while Microsoft hasn’t given an updated figure. Sony’s sticker price, which is $100 cheaper, seems to have given it the lead at this stage.
December 6, 2013 Leave a comment
Thaksin’s homecoming hopes dashed as Thai crisis reignites
4:04pm EST
By Martin Petty
BANGKOK (Reuters) – Thailand’s political future is cloudier than ever, but one thing is for certain – self-exiled former premier Thaksin Shinawatra won’t be coming home soon. The chances of another round of political conflict seemed slim a few months ago as the government of Thaksin’s sister, Prime Minister Yingluck Shinawatra, entered its third year in office after a fairly smooth ride, much to do with outwardly cordial ties with her brother’s enemies, among them generals, royal advisers and opposition politicians. Read more of this post
咬定青山不放松，立根原在破岩中。 千磨万击还坚劲，任尔东西南北风。
Bamboo Innovator 