The Presidential Bible Class: Abraham Lincoln’s diligent reading of the Good Book informed the Gettysburg Address.

The Presidential Bible Class

Abraham Lincoln’s diligent reading of the Good Book informed the Gettysburg Address.

TEVI TROY

Feb. 13, 2014 6:13 p.m. ET

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President Lincoln reading the Bible to his son in 1865.Getty Images

If you’re looking for a way to celebrate Presidents Day on Monday, but don’t plan to buy aused car or a new mattress, you could do worse than to spend time reading the Bible. Read more of this post

Korea’s Lesson for Japan Seoul’s domestic reforms are leading to growth without devaluation.

Korea’s Lesson for Japan

Seoul’s domestic reforms are leading to growth without devaluation.

Feb. 13, 2014 11:59 a.m. ET

Amid the recent emerging-market turmoil, a stable exception has been South Korea. The Bank of Korea’s decision on Thursday to hold interest rates steady raised nary an eyebrow among investors, and there’s a lesson here for Japanese Prime Minister Shinzo Abe. Read more of this post

World’s Sweet Tooth Heats Up Cocoa; Growing Demand From Emerging Markets Is Pushing Up Prices for Key Ingredient in Chocolate

World’s Sweet Tooth Heats Up Cocoa

Growing Demand From Emerging Markets Is Pushing Up Prices for Key Ingredient in Chocolate

ALEXANDRA WEXLER

Updated Feb. 13, 2014 7:06 p.m. ET

Hoard that Valentine’s Day candy now, because chocolate prices are poised to head higher.

Demand for the treat is soaring, especially in emerging markets where customers are getting wealthier. And farmers around the world are struggling to produce enough cocoa to keep the chocolate flowing. Read more of this post

Seth Klarman Quote On Investing Versus Speculation

Seth Klarman Quote On Investing Versus Speculation

by VW StaffFebruary 12, 2014, 9:58 pm

Investing Versus Speculation From Seth Klarman’s Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor

Mark Twain said that there are two times in a man’s life when he should not speculate: when he can’t afford it and when he can. Because this is so, understanding the difference between investment and speculation is the first step in achieving invest-ment success. Read more of this post

China’s Self-Described Losers Play a Winning Role

China’s Self-Described Losers Play a Winning Role

Consumer Underclass May be Where the Real Money Is

WEI GU 

Feb. 13, 2014 11:12 a.m. ET

Much has been made of China’s brand-conscious big spenders, but an underclass of consumers may be where the real money is for many businesses.

People who have embraced the label diaosi, a term that has come to essentially mean “loser,” are becoming a potent force in an economy where growth in sales of luxury goods is slowing and the middle class is still small and focused on basic needs such as housing and education. Read more of this post

Hacking Joins Curriculum as Businesses Seek Cyber Skills: Tech

Hacking Joins Curriculum as Businesses Seek Cyber Skills: Tech

For students of cybersecurity at Switzerland’s 150-year-old ETH university in Zurich, hacking is a legitimate part of the curriculum.

Students learn to infiltrate Internet and mobile networks in classes on “wireless electronic warfare” and “modern malware” designed to prevent computer malfeasance. The number of students enrolled in ETH Zurich’s information security master’s program has more than tripled since 2009, the university said. Read more of this post

From Micro-Caps to Mid-Caps, a Comprehensive Approach to Smaller Companies

From Micro-Caps to Mid-Caps, a Comprehensive Approach to Smaller Companies

by Royce FundsFebruary 12, 2014, 4:40 pm

As the small-cap asset class has grown in size, those companies just beyond the periphery of small-cap have become somewhat orphaned.

By moving up to the smid-cap space and looking down to the micro-cap space, we not only give ourselves access to an underappreciated—and inefficient—zone of the equity market, we also potentially enable some of our long-held, favored investment ideas to continue to benefit our clients as they grow beyond the smaller-company universe. Read more of this post

SMEs need competition, not just subsidies

SMEs need competition, not just subsidies

The fate of wages is linked to the structure of our economy.

BY DEVADAS KRISHNADAS –

14 FEBRUARY

The fate of wages is linked to the structure of our economy.

Ninety-nine per cent of firms in Singapore are small and medium enterprises (SMEs), while the remaining 1 per cent are large corporations, mostly foreign multinationals. About 70 per cent of our workforce are employed in SMEs. Read more of this post

Swiss model of vocational education offers lessons for Singapore

Swiss model of vocational education offers lessons for Singapore

ZURICH — Student Mirja Jenzer spends four days a week as an apprentice at a clinic and one day at a vocational school as part ofmedical assistant apprenticeship, instead of plugging away at her studies in a classroom.

BY NG JING YNG –

14 FEBRUARY

ZURICH — Student Mirja Jenzer spends four days a week as an apprentice at a clinic and one day at a vocational school as part of medical assistant apprenticeship, instead of plugging away at her studies in a classroom. Read more of this post

China squeeze is hampering Asian growth

February 11, 2014 8:17 am

China squeeze is hampering Asian growth

By Henny Sender

Fed tapering raises the focus of China’s role as liquidity provider

Amilestone of sorts was reached last year when for the first time ever, more bank credit as a percentage of GDP went to emerging markets than to developed markets. Read more of this post

Appetite for US-listed Chinese stocks transcends audit dispute

February 11, 2014 2:39 pm

Appetite for US-listed Chinese stocks transcends audit dispute

By Simon Rabinovitch in Shanghai

Not too long ago, Chinese companies listed on US stock exchanges were anendangered species. Bears had pounced on them after short sellers exposed fraud after fraud. And a Washington-Beijing regulatory dispute over auditing threatened them all, even the good ones, with a mass delisting. Read more of this post

Thai academics and private-sector representatives slammed the government over its controversial rice scheme and its “insincerity” in tackling the country’s chronic corruption problems.

RICE CORRUPTION

Business lobbies, academics blast rice subsidies, govt’s ‘insincere’ anti-graft sentiments

Pichaya Changsorn
The Nation
February 12, 2014 1:00 am

Some academics and private-sector representatives yesterday slammed the government over its controversial rice scheme and its “insincerity” in tackling the country’s chronic corruption problems. Read more of this post

VMware CEO Pat Gelsinger on the massive disruption in the IT industry

Voices From the CIO Network Conference

VMware CEO Pat Gelsinger on the massive disruption in the IT industry

Feb. 10, 2014 4:47 p.m. ET

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‘When we think about this period that we’re in—the combination of cloud, mobile, and big data disrupting both consumer IT and enterprise IT—we are in the period of the greatest tectonic shift in the IT industry in the last 30 years. We think about the Internet wave, the mainframe, the minicomputer—this is the granddaddy of them all. And the companies that we’ve seen fall so far, these are the minor tremors of the things that are going to happen over the course of the next few years.’

 

The Social Data That Business Should Use; Focus on how people relate to each other, says MIT’s Sandy Pentland

The Social Data That Business Should Use

Focus on how people relate to each other, says MIT’s Sandy Pentland

Feb. 10, 2014 4:47 p.m. ET

Social-physics expert Sandy Pentland from MIT’s Human Dynamics Laboratory says that face-to-face social connections are the most effective way of communicating information and getting results. He speaks at The Wall Street Journal’s CIO Network conference in San Diego. Read more of this post

The CIOs’ Top Priorities No. 1: Build a Data-Driven Culture

The CIOs’ Top Priorities

No. 1: Build a Data-Driven Culture

Feb. 10, 2014 4:47 p.m. ET

The five task forces at the CIO Network conference presented their recommendations to the full conference, which voted these as the top five overall priorities:

1. Build Data-Driven Culture

Create data culture at all levels of the business. Create data strategy that can be driven back into business units. Have data that is easily accessible and consumable. Read more of this post

Ray Kurzweil: Technology and the New, Improved You

Ray Kurzweil: Technology and the New, Improved You

Ray Kurzweil says technology will make us smarter, healthier and more productive

Feb. 10, 2014 4:47 p.m. ET

Author, Google engineer and futurist Ray Kurzweil tells Wall Street Journal Editor in Chief Gerard Baker that advancing technologies will be integrated into ourselves. He speaks at the Journal’s CIO Network conference in San Diego. Read more of this post

Information Security? What Security? Forget Prevention, says Venture Capitalist Ted Schlein, Focus on Limiting Damage

Information Security? What Security?

Forget Prevention, says Venture Capitalist Ted Schlein, Focus on Limiting Damage

Feb. 10, 2014 4:47 p.m. ET

Venture capitalist Ted Schlein from Kleiner Perkins Caufield & Byers discusses the effects of crowd funding and angel investors on venture capitalism. He talks at The Wall Street Journal‘s CIO Network conference in San Diego. Read more of this post

How Johnson’s ‘Great Society’ boosted Silicon Valley

February 11, 2014 6:43 pm

How Johnson’s ‘Great Society’ boosted Silicon Valley

By Swaminathan Aiyar

The rapid rise of the US tech sector can be attributed to enlightened policies, writes Swaminathan Aiyar

The choice of Satya Nadella

as Microsoftchief executive drives home the fact that the US has become the world’s leading technology power by harnessing the skills of millions of skilled Asian immigrants. It is also a vindication, 50 years after the fact, of US President Lyndon Johnson’s legislation to create a “Great Society” that uplifted the poor and ended racial discrimination. Read more of this post

Gartner’s head of research, Peter Sondergaard, talks about the pressure on IT to be more agile, and how the cloud is helping CIOs achieve that

The Cloud Grows Up

Gartner’s Peter Sondergaard on the cloud’s role in helping CIOs achieve agility

Feb. 10, 2014 4:47 p.m. ET

The business applications of the future will be moving onto the cloud to improve their agility, says Gartner Inc. Senior Vice President and Global Head of Research Peter Sondergaard. He speaks at The Wall StreetJournal’s CIO Network conference in San Diego. Read more of this post

Foxconn Is Quietly Working With Google on Robotics

Feb 11, 2014

Foxconn Is Quietly Working With Google on Robotics

LORRAINE LUK

Foxconn has long been associated as the partner for Apple, assembling the majority of the U.S. company’s iPhones and iPads.

But few people know the Taiwanesecontract manufacturer, also known as Hon Hai Precision industry, has been quietly working with Google. Read more of this post

Creativity and hardwork lead to growing empire: The humble beginnings of Cosry Wise (M) Sdn Bhd are truly inspiring, considering the company is currently one of the leading names in Malaysian high fashion.

Updated: Wednesday February 12, 2014 MYT 8:26:48 AM

Creativity and hardwork lead to growing empire

BY ZIEMAN

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Cosry is owned by Ariff (left) and Putra Aziz, who is the designer

The humble beginnings of Cosry Wise (M) Sdn Bhd are truly inspiring, considering the company is currently one of the leading names in Malaysian high fashion. Read more of this post

He taught music to actors Ewan McGregor and Daniel Craig in the 1990s and, as director of the Yong Siew Toh Conservatory of Music, is probably the most influential music educator in Singapore today

Led to music by a horse

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From teaching music to actors such as Daniel Craig, Professor Bernard Lanskey now helps students at the Yong Siew Toh Conservatory of Music pursue their dreams. Read more of this post

Growth Isn’t Over; growth is only being “held back by our inability to process all the new ideas fast enough.”

February 11, 2014, 5:31 PM ET

Growth Isn’t Over

MICHAEL HICKINS

There is a school of thought that economic growth, fueled by innovation, is over. Robert Gordon, a professor at Northwestern University, wrote that “the future of American economic growth is dismal,” in a 2012 article published by The Wall Street Journal. Not everyone is ready to throw in the towel. In a blog post published by TalkingPointsMemo, Professors Erik Brynjolfsson, of the MIT Center for Digital Business, and Andrew McAfee, of the MIT Center for Digital Business, argue that growth is only being “held back by our inability to process all the new ideas fast enough.” Read more of this post

Patience and Thrift by John D. Rockefeller; John D. Rockefeller’s 1941 Speech

Patience and Thrift by John D. Rockefeller

Patience:

All the while, John Rockefeller, with the dogged patience
that would defeat scores of embattled competitors, waited
determinedly in the wings. …

Rockefeller succeeded because he believed in the longterm
prospects of the business and never treated it as a mirage that
would soon fade. Read more of this post

Smart People Should Build Things: How to Restore Our Culture of Achievement, Build a Path for Entrepreneurs, and Create New Jobs in America

Smart People Should Build Things: How to Restore Our Culture of Achievement, Build a Path for Entrepreneurs, and Create New Jobs in America Hardcover

by Andrew Yang  (Author)

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Andrew Yang, the founder of Venture for America, offers a unique solution to our country’s economic and social problems—our smart people should be building things. Smart People Should Build Thingsoffers a stark picture of the current culture and a revolutionary model that will redirect a generation of ambitious young people to the critical job of innovating and building new businesses. Read more of this post

Beware the Faustian pact of the professions; Doing something with meaning is better for the soul and the economy; But tragically, many intelligent and ambitious young people never pursue such a path in their careers.

February 11, 2014 3:43 pm

Beware the Faustian pact of the professions

By Luke Johnson

I think all humans are born with an innate desire to create. I see the instinct in my children, when they construct miniature worlds with Lego sets. Some of us are lucky enough to exercise such impulses as an adult, either at work or in our hobbies. But tragically, many intelligent and ambitious young people never pursue such a path in their careers. Instead, they enter into a Faustian pact and join one of the well-paid professions such as law, accountancy, banking or management consultancy. For all those bright starters, I suggest they read a new book called Smart People Should Build Things , by ex-corporate attorney Andrew Yang. Read more of this post

The Boss’s Next Demand: Make Lots of Friends

The Boss’s Next Demand: Make Lots of Friends

Companies Harness the Clout of Their Influential Employees

RACHEL FEINTZEIG

Feb. 11, 2014 7:06 p.m. ET

Making friends at the office has never been more rewarding.

Armed with reams of new data, companies including giants Procter & Gamble Co.PG +1.04% and Cisco Systems Inc. CSCO -0.53% are seeking out “influencers,” or those among their employees who are particularly well-connected and trusted by their peers.

Once found, the firms are harnessing these workers’ clout to come up with new products, get workers on board with big changes like mergers, or spread information throughout the organization. Read more of this post

Big Banks’ Vanity Unfair for Their Investors

Big Banks’ Vanity Unfair for Their Investors

JOHN CARNEY

Feb. 11, 2014 2:46 p.m. ET

Even leaving aside the flashy watches, bespoke suits and ostentatious vacation homes, bankers’ obsession with the way they are perceived may be more costly than it appears—costly to investors, that is.

A recently revised working paper from a trio of economists at the Federal Reserve Bank of New York demonstrates that in the depths of the financial crisis, banks willingly overpaid for loans from the Fed. They did so by choosing to borrow from a special facility, even though the cost was at a substantial premium to funds available from the Fed’s discount window, the paper notes. Read more of this post

No Law of Large Numbers for Yelp

No Law of Large Numbers for Yelp

DAN GALLAGHER

Feb. 6, 2014 3:46 p.m. ET

For a small companyYelp YELP +18.92% commands some big numbers.

For instance, there’s the 67% revenue-growth rate year over year that the online-review site has averaged each quarter since it went public in March 2012. There is also the site’s 120 million average monthly visitors in the fourth quarter, up 39%. And 53 million of those are coming from mobile, up 60% in the fourth quarter. Read more of this post

Japanese ‘Beethoven’ Admits Hiring Another Composer to Write Works; Acclaimed composer Mamoru Samuragochi, turns out not to have written some pieces and may not even be deaf.

Japanese ‘Beethoven’ Admits Hiring Another Composer to Write Works

Acclaimed composer Mamoru Samuragochi, turns out not to have written some pieces and may not even be deaf.

ALEXANDER MARTIN

Updated Feb. 6, 2014 4:23 p.m. ET

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Mamoru Samuragochi was acclaimed for compositions including one being used at a Sochi skating event; Takashi Niigaki says he wrote music for Mr. Samuragochi. Reuters Read more of this post