R.E.S.-ilience in Value Creation 《竹经：经商经世离不得立根创新》
January 8, 2014 Leave a comment
Spain king’s daughter summoned over financial crimes
Tuesday, January 7, 2014 – 21:52
AFP
MADRID – A Spanish court summoned King Juan Carlos’ youngest daughter Cristina as a suspect in alleged tax and money-laundering crimes Tuesday, a historic first for a direct relative of the monarch. Read more of this post
January 8, 2014 Leave a comment
January 4, 2014
Why Everyone Seems to Have Cancer
EVERY New Year when the government publishes its Report to the Nation on the Status of Cancer, it is followed by a familiar lament. We are losing the war against cancer. Half a century ago, the story goes, a person was far more likely to die from heart disease. Now cancer is on the verge of overtaking it as the No. 1 cause of death. Read more of this post
January 8, 2014 Leave a comment
Supply, Demand and Heart Attacks
The U.S. health-care system, with its bizarre pricing mechanisms and convoluted relationship between supply and demand, is probably about as far from a free market as anything in the country’s economy gets. Yet according to two studies being presented at this weekend’s American Economic Association annual meeting in Philadelphia, market forces do operate in some way. Read more of this post
January 8, 2014 Leave a comment
Beware the Thundering Pharma Herd
HELEN THOMAS
Jan. 5, 2014 5:21 p.m. ET
Crowds may have wisdom, but innovation is often the preserve of individuals. Investors have placed their bets on the health of pharmaceutical companies’ pipelines. The European sector now trades at close to 15 times forward earnings, up from about 10 times three years ago. But amid signs of a recovery in research-and-development productivity, is the industry displaying a herdlike mentality? Read more of this post
January 8, 2014 Leave a comment
A Booster Shot for Vaccines
Amid Debate and Outbreaks, States Weigh Tougher Rules for Allowing Exemptions
DONNA BRYSON and BETSY MCKAY
Jan. 5, 2014 7:02 p.m. ET
DENVER—Amid national outbreaks of measles, whooping cough and other preventable diseases, Colorado officials might make it harder for parents to exempt children from vaccinations for school and day care. Read more of this post
January 8, 2014 Leave a comment
JANUARY 6, 2014, 1:59 PM
When Doctors ‘Google’ Their Patients
By HAIDER JAVED WARRAICH, M.D.
I remember when I first looked up a patient on Google. It was my last day on the bone marrow transplant unit, back when I was an intern. As I stood before the patient, taking her history, she told me she had been a painter and suggested I look up her work on the Internet. I did, and I found her paintings fascinating. Even though our paths crossed fleetingly, she is one of the few patients I vividly remember from that time. Read more of this post
January 8, 2014 Leave a comment
January 6, 2014
The Brain, in Exquisite Detail
By JAMES GORMAN
ST. LOUIS — Deanna Barch talks fast, as if she doesn’t want to waste any time getting to the task at hand, which is substantial. She is one of the researchers here at Washington University working on the first interactive wiring diagram of the living, working human brain. Read more of this post
January 8, 2014 Leave a comment
January 6, 2014 4:02 pm
Teva: in need of a shot
Generic drugmaker is in need of a complete overhaul
The board of Teva Pharmaceuticals is a brains trust of scientific and medical knowledge. Shame that so few of its 16 members know anything about running a company. It has taken a shareholder – the Israeli entrepreneur Benny Landa – to point out the obvious: that the world’s largest generic drugmaker by revenue needs more than a new chief executive. It needs a new (or at least smaller) board, a new (or at least clearer) strategy, and a new chairman. Read more of this post
January 8, 2014 Leave a comment
Umbilical Cord Draws Focus From More Scientists Seeking Cures
Researchers of Type 1 Diabetes, Arthritis, Cerebral Palsy Examine Stem Cells in Cord Blood
PETER LOFTUS
Jan. 6, 2014 7:21 p.m. ET
Researchers see new potential for using blood found in the umbilical cord of newborns to treat a range of diseases. Transplants using the stem-cell-rich blood have already become lifesaving treatments for certain cancers and disorders of the blood, but these studies focus on a wider range of conditions. Read more of this post
January 8, 2014 Leave a comment
Is Sell-Side Research More Valuable in Bad Times?
NBER Working Paper No. 19778
Issued in January 2014
In bad times, uncertainty is high, so that investors find it more difficult to assess the prospects of the firms they invest in. Learning models suggest that in such times investors should, everything else equal, value informative signals such as analyst forecasts and recommendations more than in good times. However, the higher uncertainty in bad times and career concerns stemming from troubled employers may make the task of analysts harder, so that analyst output is noisier and hence less valuable in bad times. Consequently, whether analyst forecasts and recommendations are more valuable during bad times is an empirical matter. We examine a large sample of analyst output from 1983 to 2011. We find that analysts work harder in bad times, but their earnings forecasts accuracy is worse and that they disagree more. Despite more inaccurate earnings forecasts, revisions to earnings forecasts and stock recommendations have a more influential stock-price impact during bad times as predicted by a learning model.
January 8, 2014 Leave a comment
For the first time, China crushes 6 metric tonnes of ivory in public
1:21pm EST
By Venus Wu and Clare Baldwin
DONGGUAN/HONG KONG (Reuters) – China crushed 6.2 metric tonnes (6.83 tons) of confiscated ivory on Monday in the first such public destruction of any part of its stockpile, after the country’s fitful enforcement efforts led experts to question its commitment to stamping out smuggling. Read more of this post
January 8, 2014 Leave a comment
Chinese Investors Refocus on Domestic Assets
Raising Cash Is an Uphill Task for Chinese Funds That Invest Overseas
Chinese investors are shying away from overseas markets in favor of domestic assets, even though many funds invested abroad delivered double-digit returns last year. Read more of this post
January 8, 2014 Leave a comment
China’s Leaders Move to Rein In Steel Mecca
Central Government Tells Industrial Province to Do More to Curb Output as Pressure Mounts to Improve Air Quality
CHUIN-WEI YAP
Jan. 5, 2014 10:00 p.m. ET
BEIJING—China’s push to clean up its heavily polluted environment and wring out excess industrial capacity is shaking up the heart of its steel country. Read more of this post
January 8, 2014 Leave a comment
China’s Cabinet Drafts Shadow-Banking Plan
LINGLING WEI And BOB DAVIS
an. 6, 2014 3:02 a.m. ET
BEIJING — China’s cabinet has drafted a new framework for beefing up regulation of shadow-banking activities, in a sign that the Chinese leadership is seeking to slow the growth of debt and bolster the country’s economic stability. Read more of this post
January 8, 2014 Leave a comment
January 7, 2014 11:48 am
China’s little emperors’ reality TV check
By Patti Waldmeir in Shanghai
Show taps into parents’ middle-class angst over China’s child rearing, writes Patti Waldmeir
The one-child policy has been blamed for everything from a shortage of brides to an epidemic of childhood obesity but, to judge from Chinese television, the bigger worry is that it has created a generation of wimps. Read more of this post
January 8, 2014 Leave a comment
China to carry out spot checks on officials’ asset declarations
Fri, Jan 3 2014
BEIJING (Reuters) – China will begin conducting spot checks this year on assets and other personal information reported by officials to the ruling Communist Party and punish those with hidden wealth, state media reported. Read more of this post
January 8, 2014 Leave a comment
China to try to make local, national GDP stats match amid skepticism
7:18am EST
BEIJING (Reuters) – China will unify the way it calculates provincial economic output to help close a gap with national figures, the country’s chief statistician said on Tuesday, amid skepticism about the reliability of Chinese data. Read more of this post
January 8, 2014 Leave a comment
Sony to Nintendo Mull China’s Console Market as Ban Lifted
China lifted a 13-year ban on gaming consoles and will draft rules allowing the machines to be made in the new Shanghai free-trade zone, potentially opening the door for Sony Corp. to Nintendo Co. (7974) to enter the market. Read more of this post
January 8, 2014 Leave a comment
Roku Joins With Chinese TV Makers for Web-Connected Sets
Roku Inc., the maker of set-top boxes that connect TVs to the Web, will build its software directly into sets from Chinese manufacturers TCL Corp. (000100) and Hisense Electric Co. (600060), helping to raise their visibility with U.S. consumers. Read more of this post
January 8, 2014 Leave a comment
Luring Beyonce Fashion Fans Spurs LightInTheBox Rally
LightInTheBox Holding Co. (LITB), a Chinese online retailer, surged 20 percent New York after saying it bought Seattle-based Ador Inc., a website that sells clothes and accessories similar to those worn by celebrities from Beyonce Knowles to Taylor Swift. Read more of this post
January 8, 2014 Leave a comment
Dangdang.com founder Li Guoqing said in an interview that currently e-business companies tend to exaggerate their sales figures as the online sales in the industry excluding wholesales are generally overstated by three to four times as most non-listed companies use it to attract investors
January 8, 2014 Leave a comment
China $50 Billion Power Goal Leads to Australia: Real M&A
State Grid Corp. of China’s search for as much as $50 billion of international power assets may reveal that Duet Group and Spark Infrastructure Group are among Australia’s most attractive takeover targets. Read more of this post
January 8, 2014 Leave a comment
What could happen in China in 2014?
The year ahead could see companies focus on driving productivity, CIOs becoming a hot commodity, shopping malls going bankrupt, and European soccer clubs finally investing in Chinese ones. McKinsey director Gordon Orr makes his annual predictions.
January 2014 | byGordon Orr
1. Two phrases will be important for 2014: ‘productivity growth’ and ‘technological disruption’ Read more of this post
January 8, 2014 Leave a comment
Telecom Deal by China’s ZTE, Huawei in Ethiopia Faces Criticism
For Ethiopians, a Chinese Telecom Project Changes Lives but Draws Scrutiny
MATTHEW DALTON
Updated Jan. 6, 2014 11:01 p.m. ET
LAKE WENCHI, Ethiopia—In the green highlands here southwest of Addis Ababa, farmers like Darara Baysa are proud owners of cellphones that run on a network built by China’sZTE Corp. 000063.SZ -1.25% Read more of this post
January 8, 2014 Leave a comment
Shadow Banking Risks Exposed by Local Debt Audit: China Credit
China’s audit of local governments exposed an increased reliance on shadow banking, swelling the risk of default on 17.9 trillion yuan ($3 trillion) of debt.
Bank lending dropped to 57 percent of direct and contingent liabilities as of June 30 from 79 percent at the end of 2010, while bonds rose to 10 percent from 7 percent, National Audit Office data show. Trust financing surged to 8 percent from zero, while other channels that sidestep loan curbs accounted for the remaining 25 percent. The yield on five-year AA notes, the most common rating for local government financing vehicles, jumped by a record 158 basis points last year to 7.6 percent. That exceeds the 5 percent on emerging-market corporate notes, Bank of America Merrill Lynch indexes show. Read more of this post
January 8, 2014 Leave a comment
Rising home prices send China’s ‘Rat Race’ scurrying underground
Sun, Jan 5 2014
By Koh Gui Qing and Aileen Wang
BEIJING (Reuters) – Zig-zagging left and right through a maze of dark, narrow corridors in a high-rise’s basement, 35-year-old kitchen worker Hu has joined the many thousands of Chinese fleeing fast-rising property prices by heading down – down underground. Read more of this post
January 8, 2014 Leave a comment
PBOC Shows Strongest Hand on China’s Shadow Banks
Inaction by Regulators Hampered Central Bank’s Efforts, Analysts Say
SHEN HONG
Jan. 7, 2014 1:36 a.m. ET
SHANGHAI—China’s move to step up regulation of its shadow-banking system highlights the weakness of its financial regulators, which have failed to slow the country’s lending boom even as top government officials raised concerns. Read more of this post
January 8, 2014 Leave a comment
Meat pumped with pond water in south China: state TV
1:56am EST
SHANGHAI (Reuters) – China has held seven people in southern Guangdong province for injecting dirty pond water into lamb meat to swell its weight and raise its price, state television reported in the latest food scandal to hit the world’s second largest economy. Read more of this post
January 8, 2014 Leave a comment
Lure Of China’s Gray Economy Reaches Rich And Poor
by ANTHONY KUHN
January 02, 2014 4:35 PM
The income gap is growing dramatically in China and the rich are getting exponentially richer — the richest 10 percent of China’s population are more than three times wealthier than the official figures. Read more of this post
January 8, 2014 Leave a comment
How China crashed the Nafta party
The negotiators of the ambitious and contentious 1994 free-trade deal failed to anticipate the rise in cheap imports from Asia
According to western tradition, the gift for the 20th anniversary of a union is china. But, two decades on from the trade nuptials enshrined in the theNorth American Free Trade Agreement (Nafta), China is the uninvited guest that has walked away with many of the gifts. 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 