R.E.S.-ilience in Value Creation 《竹经：经商经世离不得立根创新》
February 8, 2014 Leave a comment
How To Stop Making Excuses And Use Fear To Your Advantage
SCOTT CHRIST, ENTREPRENEUR
58 MINUTES AGO 452
Imagine the following scenario: you’re in a classroom taking a test — one that’s quite easy. The professor then approaches you and offers you a choice: you can either take a “performance-enhancing drug” or a drug that inhibits your performance. Which would you choose? Read more of this post
February 8, 2014 Leave a comment
2014 Sochi Olympics: Imperfect Bodies, Seeking Olympic Perfection
How the best athletes overcome less-than-ideal physiques for their sports
MATTHEW FUTTERMAN
Feb. 6, 2014 7:24 p.m. ET
Yuna Kim is 5-foot-5, tall for a figure skater, but her technique makes up for it, and her height gives her a commanding presence on the ice. European Pressphoto Agency
When hurdling star Lolo Jones first raised her hand for U.S. bobsled duty in 2012, coach Todd Hays looked at her 135-pound frame and thought she should stick with her day job. Read more of this post
February 8, 2014 Leave a comment
Get a PhD—but leave academia as soon as you graduate
By Allison Schrager 2 hours ago
Allison Schrager is an economist with a focus on pension issues.
Enrolling in a PhD program is, from an economic perspective, a terrible decision. But that doesn’t mean you shouldn’t do it. Just don’t let it ruin your life. Read more of this post
February 8, 2014 Leave a comment
CUHK on hiring spree for rising stars
Friday, February 07, 2014
The Chinese University of Hong Kong has been on a headhunting mission in advance of the possible retirement of 200 to 250 teaching staff.
Provost Benjamin Wah Wan-sang said recruitment began last November and the university plans to hire between 30 and 40 professors and associate professors in total. Read more of this post
February 8, 2014 Leave a comment
Gene therapy: Ingenious; Fixing a body’s broken genes is becoming possible
Feb 8th 2014 | New York | From the print edition
IT SOUNDS like science fiction, and for years it seemed as though it was just that: fiction. But the idea of gene therapy—introducing copies of healthy genes into people who lack them, to treat disease—is at last looking as if it may become science fact. Read more of this post
February 8, 2014 Leave a comment
News you can lose: CNN’s transformation says a lot about what is working today in television
Feb 8th 2014 | NEW YORK | From the print edition
JEFF ZUCKER, boss of CNN Worldwide, a cable-news firm, likes to start his morning with a shot of numbers. Every weekday at 9am he confers with his teams in New York, Atlanta, Washington, DC, and other bureaus to discuss ratings and web traffic, and to decide what news to cover. On February 4th a story reconstructing the final day of Philip Seymour Hoffman, an actor who died of a heroin overdose (see obituary), boosted CNN’s website. Mr Zucker wanted to “push it” on TV too. As producers pitch the stories they plan to cover, Mr Zucker pitches them his own, including more on Hillary Clinton’s election prospects, how bad weather affects America’s economy and whether drinking two fizzy drinks a day will actually kill you. Read more of this post
February 8, 2014 Leave a comment
Those who can’t, teach
Business schools are better at analysing disruptive innovation than at dealing with it
Feb 8th 2014 | From the print edition
IN EVERY profession there are people who fail to practise what they preach: dentists with mouths full of rotten teeth, doctors who smoke 40 a day, accountants who forget to file their tax returns. But it is a rare profession where failure to obey its own rules is practically a condition of entry. Business schools exist to teach the value of management. They impart some basic principles—like setting clear goals and managing risk. They also teach how dangerous the business world has become. The most fashionable phrase today is “disruptive innovation”: professors solemnly warn people that entire industries face powerful new forces and that comfortable incumbents are at the mercy of swift-footed challengers. But when it comes to their own affairs, business schools flout their own rules and ignore their own warnings. Read more of this post
February 8, 2014 Leave a comment
Mutual funds are as Canadian as hockey, doughnuts and snow. The big question is why
M. Corey Goldman | February 6, 2014 9:50 AM ET
This article appears in the February, 2014 edition of the Financial Post Magazine. Visit the iTunes store to download the iPad edition of this month’s issue.
The mutual fund is one of the more democratic inventions of the modern-era investment world: the pooling together of thousands of investors’ capital and placing it in the capable hands of an investment professional, generating collective returns and mitigating collective risk at a fraction of the cost it would otherwise be for investors to go it alone. Over the past 30-plus years, the fund has become the investing embodiment of millions of Canadians: It’s become the revered, must-have, do-no-wrong investment vehicle of choice for building a nest egg, saving for retirement and passing on savings to the next generation. Read more of this post
February 8, 2014 Leave a comment
‘It’s so unnecessary’: Heenan Blaikie co-founder blames internal rivalries for law firm’s demise
Allison Lampert, Postmedia News | February 6, 2014 | Last Updated: Feb 6 7:30 PM ET
MONTREAL — The once-venerable law firm of Heenan Blaikie LLP, started with handshakes in 1973, has ended because of squabbling, Roy Heenan said Thursday. Read more of this post
February 8, 2014 Leave a comment
JOSEPH E. STIGLITZ
NEW YORK – Soon after the global financial crisis erupted in 2008, I warned that unless the right policies were adopted, Japanese-style malaise – slow growth and near-stagnant incomes for years to come – could set in. While leaders on both sides of the Atlantic claimed that they had learned the lessons of Japan, they promptly proceeded to repeat some of the same mistakes. Now, even a key former United States official, the economist Larry Summers, is warning of secular stagnation. Read more of this post
February 8, 2014 Leave a comment
Guidelines urge women to monitor stroke risks more closely than men
By Lena H. Sun, Friday, February 7, 5:00 AM
Women of all ages should pay more attention to the risk of stroke than the average man, watching their blood pressure carefully before they think about taking birth-control pills or getting pregnant, according to a new set of prevention guidelines released Thursday. Read more of this post
February 8, 2014 Leave a comment
Google starts selling corporate videoconferencing product
Thu, Feb 6 2014
SAN FRANCISCO (Reuters) – Google Inc unveiled a videoconferencing system for businesses on Thursday, the Internet search company’s latest effort generate revenue from corporate customers. Read more of this post
February 8, 2014 Leave a comment
Developers’ profit spikes may be due to accounting standard: OCBC
Friday, Feb 07, 2014
Melissa Tan
The Straits Times
INVESTORS take note: An accounting standard can make a huge difference to a developer’s bottom line.
The standard says developers can book profits from certain types of projects only upon completion of those projects – not profits racked up progressively. Read more of this post
February 8, 2014 Leave a comment
Philip Seymour Hoffman didn’t know how to be happy
By Lauren Alix Brown @laurenalixb February 6, 2014
Back in December 2012, Philip Seymour Hoffman sat down with philosopher Simon Critchley at the Rubin Museum to talk about happiness. Days after reeling from the actor’s death, much has been made of the singular pain of addiction and the lonely descent into acting in a difficult role. But the interview touches on something universal, a base human inability to simply be happy. Within the first two minutes of the interview, Hoffman declares, “I really don’t know what it means to be happy.” Read more of this post
February 8, 2014 Leave a comment
Book Review: Tiger Mom’s Superiority Complex
By Jessica Grose February 06, 2014
Yale law professor Amy Chua gained fame—and stoked fires in the mommy wars—in 2011 with a Wall Street Journal piece called “Why Chinese Mothers Are Superior.” The essay introduced Chua’s provocative book, The Battle Hymn of the Tiger Mother, which embraced cultural stereotypes about Asian moms having academically successful offspring because they don’t let their kids watch TV, get out of playing the piano or violin, or “not be the No. 1 student in every subject except gym and drama.” Three years later, Tiger Mom is back, with her claws only slightly retracted, and a co-author, her husband, fellow Yale law professor, and novelist Jed Rubenfeld. Their book, The Triple Package: How Three Unlikely Traits Explain the Rise and Fall of Cultural Groups in America, has no problem with absolutes, either. Read more of this post
February 8, 2014 Leave a comment
Charlie Rose Talks to Bridgewater’s Ray Dalio
By Charlie Rose February 06, 2014
Your animated film, How the Economic Machine Works, has 750,000 hits on YouTube. Explain what it’s about and what compelled you to make it.
It’s a 30-minute description of how I believe the economy works like a machine, a very simple explanation. I’m a global macroeconomic investor, so it’s from a very practical perspective. I’m 64 years old. I’ve reflected back on what I’ve learned, and I felt it was important to get it out there. Many economists … they’re not living in the world of markets every day. They’re not putting money on the line. So they don’t have to engage in the kind of hardheaded analysis you do because you are managing $150 billion. Read more of this post
February 8, 2014 Leave a comment
ARM Designs One of the World’s Most-Used Products. So Where’s the Money?
By Ashlee Vance February 04, 2014
Most people have heard of Intel (INTC). The company, which makes the chips that power the world’s PCs and servers, pulled off one of the great marketing triumphs of the past 50 years with its “Intel Inside” campaign. About 400 million computers containing Intel chips are expected to be sold this year. Read more of this post
February 8, 2014 Leave a comment
Bringing Order to Data Chaos
By Olga Kharif February 06, 2014
As cloud computing has taken off, companies have built ever-larger data centers that increasingly tax the ability of staffers to manage them. Two Pacific Northwest companies, Puppet Labs and Chef, are here to help. They’re taking on the likes of IBM(IBM), Hewlett-Packard (HPQ), BMC Software, and CA Technologies (CA) in what market researcher IDC calls a roughly $2 billion business to help companies make all those servers work more efficiently together. On top of that, there’s a growing corporate demand for software that can better manage computer networks or fine-tune a server system that handles terabytes of data, everything from streaming songs to document-sharing apps. Read more of this post
February 8, 2014 Leave a comment
Japan, Land of the Falling Wage
By Bruce Einhorn, Jason Clenfield, and Yuko Takeo February 06, 2014
Prime Minister Shinzō Abe has been trying to revive Japan’s economy for more than a year now. Among his goals is to stoke inflation to convince consumers that deflation is over and to start shopping before prices get any higher. Another goal is to persuade companies to hike wages. Many Japanese workers have had few or no raises in years. Abe’s two goals are intertwined: If inflation catches on but wages don’t rise, households will be worse off than before. With a big consumption-tax increase scheduled for April 1, the prime minister needs companies not only to give their workers raises but also to make those raises generous enough to keep consumers from cutting back as prices go up. Read more of this post
February 8, 2014 Leave a comment
New CEO Satya Nadella Needs to Make Microsoft More Like Google
By Ashlee Vance February 04, 2014
About two years ago, Microsoft’s (MSFT) research arm described something amazing in a blog post. It had developed a contact lens equipped with a tiny chip that could measure the blood sugar level of tears. Read more of this post
February 8, 2014 Leave a comment
Dementia Casts Its Shadow Over China
By Natasha Khan and Daryl Loo February 06, 2014
When 71-year-old Shi Anquan chops firewood or visits the market in his village in northern China, his wife, Yuhua, also 71, plods quietly behind. Shi has given up tilling the land to devote himself full-time to the care of his wife, reminding her to bathe and change her socks. The village’s single nursing home won’t take patients with mental diseases. The nearest hospital doesn’t have dementia specialists. Shi must travel with his wife to visit her doctor in Beijing, a three-hour trip each way with two bus changes. Read more of this post
February 8, 2014 Leave a comment
Other People’s Views
FEB. 6, 2014
Let’s say you’re turning 40 and you realize you want to leave accounting and become a hip-hop artist. People will say you’re having a pathetic midlife crisis, but should you do it anyway?
Let’s say you’re on the phone in a crowded place and you want to tell your buddy a dirty joke, which may offend the people around you. Should you tell it? Read more of this post
February 8, 2014 Leave a comment
THURSDAY, FEBRUARY 6, 2014
Jeremy Grantham on Tesla, Fertilizer Wars
By JEREMY GRANTHAM | MORE ARTICLES BY AUTHOR
GMO’s famed investor also discusses peak oil and fracking. Plus, investing lessons learned over 47 years.
Fossil Fuels: Is Tesla a Tease or a Triumph?
In an earlier report, “The Race of Our Lives,” I finished on the unusually optimistic point (for me) that a combination of declining fertility and eventual declining population combined with unexpectedly strong progress in renewable energy might just save our modern civilization from a slow and, no doubt, irregular descent into dystopia. More recently, while still believing we are in this critical race, I have become increasingly impressed with the potential for a revolution in energy, which will make it extremely unlikely that a lack of energy will be the issue that brings us to our knees. Even in the expected event that there are no important breakthroughs in the cost of nuclear power, the potential for alternative energy sources, mainly solar and wind power, to completely replace coal and gas for utility generation globally is, I think, certain. The question is only whether it takes 30 years or 70 years. That we will replace oil for land transportation with electricity or fuel cells derived indirectly from electricity is also certain, and there, perhaps, the timing question is whether this will take 20 or 40 years. To my eyes, the progress in these areas is accelerating rapidly and will surprise almost everybody, I hope including me. Read more of this post
February 8, 2014 Leave a comment
From Sick Man of Europe to Economic Superstar: Germany’s Resurgent Economy
Christian Dustmann, Bernd Fitzenberger, Uta Schönberg and Alexandra Spitz-Oener
In the late 1990s and into the early 2000s, Germany was often called “the sick man of Europe.” Indeed, Germany’s economic growth averaged only about 1.2 percent per year from 1998 to 2005, including a recession in 2003, and unemployment rates rose from 9.2 percent in 1998 to 11.1 percent in 2005. Read more of this post
February 8, 2014 Leave a comment
When Ideas Trump Interests: Preferences, Worldviews, and Policy Innovations
Dani Rodrik
Ideas are strangely absent from modern models of political economy. In most prevailing theories of policy choice, the dominant role is instead played by “vested interests”—elites, lobbies, and rent-seeking groups which get their way at the expense of the general public. Read more of this post
February 8, 2014 Leave a comment
An Economist’s Guide to Visualizing Data
Jonathan A. Schwabish
Once upon a time, a picture was worth a thousand words. But with online news, blogs, and social media, a good picture can now be worth so much more. Economists who want to disseminate their research, both inside and outside the seminar room, should invest some time in thinking about how to construct compelling and effective graphics.
February 8, 2014 Leave a comment
THURSDAY, FEBRUARY 6, 2014
Winter 2014 Journal of Economic Perspectives is Live!
The Winter 2014 issue of the Journal of Economic Perspectives is now freely available on-line, courtesy of the publisher, the American Economic Association. Indeed, not only this issue but all previous issues back to 1987 are available. (Full disclosure: I’ve been the Managing Editor since the journal started, so this issue is #107 for me.) I’ll probably blog about some of these articles in the next week or two. But for now, I’ll first list the table of contents, and then below will provide abstracts of articles and weblinks.
Symposium: Manufacturing
US Manufacturing: Understanding Its Past and Its Potential Future
Martin Neil Baily and Barry P. Bosworth Read more of this post
February 8, 2014 Leave a comment
5 ways China’s WeChat is more innovative than you think
February 7, 2014
by Josh Horwitz
Tech in Asia has been covering WeChat, China’s most popular mobile message app, before it even had an English name. Meanwhile, international tech media outlets (including ourselves) have also been following the evolution of other messaging apps such as WhatsApp, Line, Facebook Messenger, and many, many others. Over the past year or so there’s been lots of talk about how these messengers are maturing into “platforms” – or, apps that users will use to buy things, and that business and organizations can use to reach an audience. Read more of this post
February 8, 2014 Leave a comment
It’s a continent, actually: China’s external imbalances are as nothing compared with its internal ones
Feb 8th 2014 | HONG KONG AND YINCHUAN | From the print edition
It’s a continent, actually: China’s external imbalances are as nothing compared with its internal ones
NINGXIA, an autonomous region inChina’s north-west, is home to 6.3m people. About a third of them are Muslims, descendants of travellers along the Silk Road. The region is keen to revive the kind of trade networks that created its unique ethnic mix, so that it can diversify an economy which relies too much on coal, metals and chemicals. Read more of this post
February 8, 2014 Leave a comment
Learning to spin: At a Communist Party training school, functionaries learn how to handle more aggressive news media
Feb 8th 2014 | SHANGHAI | From the print edition
IT WAS not a typical government press conference. A journalist had asked a mayor some pointed questions about the safety of a paraxylene chemical factory planned for her city—the same type of plant that has prompted environmental protests around China. The mayor dodged the question in standard government-speak when the reporter, a portly man in a checked shirt and blue jeans, rudely interrupted her: “Please answer my question directly.” The room erupted with laughter. 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 