Flies That Do Calculus With Their Wings

Flies That Do Calculus With Their Wings
MARCH 19, 2014
ScienceTake
By JAMES GORMAN
There are lots of reasons scientists love fruit flies, but a big one is their flying ability. These almost microscopic creatures, with minimalist nervous systems and prey to every puff of wind, must often execute millisecond aerial ballets to stay aloft.
To study fly flight, scientists have to develop techniques that are almost as interesting as the flies.

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Corporate Lies Are Increasingly Immune to Investor Complaints

Corporate Lies Are Increasingly Immune to Investor Complaints
MARCH 20, 2014
High & Low Finance
By FLOYD NORRIS
Companies do not have a right to lie to their shareholders, a German judge ruled this week. But sometimes, she added, lies are necessary.

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Revisiting Gandhi, on the Banks of the Sabarmati; An old ashram is a place to reflect on a new India of skyrocketing growth

Revisiting Gandhi, on the Banks of the Sabarmati
MARCH 19, 2014
By MIRA KAMDAR
AHMEDABAD, India — As a teenager in the 1920s, my grandfather Prabhudas Kamdar was enthralled with Mahatma Gandhi. He devoured every issue of Gandhi’s magazine, Young India, as soon as it came out and was deeply drawn to Gandhi’s satyagraha movement.

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Teaching Children to Calm Themselves; Experiencing neglect, severe stress or sudden separation at a young age can be traumatizing, and inhibit a child’s ability to make good decisions and work through problems

MARCH 19, 2014, 12:00 PM 78 Comments
Teaching Children to Calm Themselves
By DAVID BORNSTEIN
When Luke gets angry, he tries to remember to look at his bracelet. It reminds him of what he can do to calm himself: stop, take a deep breath, count to four, give yourself a hug and, if necessary, ask an adult for help.

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Five reasons why Malaysia is not in trouble

Updated: Thursday March 20, 2014 MYT 11:24:04 AM
Five reasons why Malaysia is not in trouble
BY CECILIA KOK

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KUALA LUMPUR: Malaysia is better prepared to manage another global financial crisis due to its sound economic and financial structure as well as the availability of a strong surveillance mechanism, according to Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz. Read more of this post

From dumb iron to Big Data: Caterpillar’s dealer sales push

From dumb iron to Big Data: Caterpillar’s dealer sales push
7:12am EDT
By James B. Kelleher
(Reuters) – Caterpillar Inc has a long tradition of proudly – and publicly – proclaiming how much it loves its dealers.
In recent years, the Peoria, Illinois-based company has called the 178 independently owned businesses that distribute its earth-moving products worldwide everything from “a critical competitive differentiator” to “the foundation” of its success.
Now the world’s largest maker of construction and mining equipment is adopting a cooler tone with those dealers, asking them: “What have you done for us lately?”

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China’s government is planning to shift parts of its vast bureaucracy to a city 150km from Beijing, causing shares in companies linked to the struggling metropolis to surge in anticipation

March 19, 2014 6:09 pm
China to shift Beijing bureaucrats to Baoding
By Jamil Anderlini in Beijing
China’s government is planning to shift parts of its vast bureaucracy to a city 150km from Beijing, causing shares in companies linked to the struggling metropolis to surge in anticipation.

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Discovery Communications, the US cable group that owns channels such as TLC and Animal Planet, has struck a deal in China to supply all of the programming for a new digital venture

March 20, 2014 1:00 am
Discovery in deal to supply programming for Chinese digital channel
By Matthew Garrahan in Los Angeles
Discovery Communications, the US cable group that owns channels such as TLC and Animal Planet, has struck a deal in China to supply all of the programming for a new digital venture.
Qui Suo, a new digital subscription channel being launched by Wasu, a media group owned by two state-owned Chinese companies, will be available across China. Wasu has almost 20m cable subscribers and operates the largest Chinese online video platform.
The deal gives Discovery, which is keen to expand its international business, a bigger presence in the world’s fastest growing media market. Financial terms of the deal were not disclosed.

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Don’t expect Malone the ‘cable cowboy’ to ride into the sunset; History suggests it would be unwise to write off Liberty Media

March 20, 2014 12:16 pm
Don’t expect Malone the ‘cable cowboy’ to ride into the sunset
By Matthew Garrahan
History suggests it would be unwise to write off Liberty Media
When Comcast delivered its surprise bid for Time Warner Cable last month, most observers assumed it would knock the so-called “cable cowboy”, John Malone, off his horse.

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Li & Fung to spin off US-focused brands and licensing divisions through stock split

March 20, 2014 12:13 pm
Li & Fung to spin off divisions through stock split
By Paul J Davies in Hong Kong
Li & Fung, which supplies toothbrushes and T-shirts to some of the world’s biggest retailers, will spin off its US-focused brands and licensing business through a stock split as it launches another round of restructuring.

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Why Japan invests too much

Why Japan invests too much
March 20, 2014 7:48 amby Andrew Smithers
The Japanese government is trying to encourage the country’s companies to increase the amount they invest. This is like trying to push water uphill. Japan as a whole and in terms of business already invests too much. Read more of this post

Candour without bruises: how to get a Pixar buzz; Creativity, Inc: Overcoming the unseen forces that stand in the way of true inspiration, by Ed Catmull with Amy Wallace

March 19, 2014 2:50 pm
Candour without bruises: how to get a Pixar buzz
Review by Adam Jones
Creativity, Inc: Overcoming the unseen forces that stand in the way of true inspiration, by Ed Catmull with Amy Wallace, Random House, $28/£20
Pixar uses technology only as a means to an end; its films are rooted in human concerns, not computer wizardry. The same can be said of Creativity Inc, Ed Catmull’s endearingly thoughtful explanation of how the studio he co-founded generated hits such as the Toy Story trilogy, Up and Wall-E.

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Top careers for the next 25 years; Many professions will become obsolete over the next quarter-century – but some will flourish

March 19, 2014 2:38 pm
My top five careers for the next 25 years
By Michael Skapinker
Many professions will become obsolete over the next quarter-century – but some will flourish
What career would you advise a young person to go into today? That was one of the questions addressed by a panel I chaired last week at Mipim, the huge property fair in Cannes that was marking its 25th anniversary.

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Let a hundred companies fail

March 19, 2014 3:21 pm
Let a hundred companies fail
China’s defaults are necessary but require careful handling
Since taking off five years ago, China’s debt market has had the appearance of a one-way bet. The country’s turbocharged growth meant corporations were typically in good enough financial health to pay back their loans. But even those companies that ran into trouble did not face the risk of default, since the government would order state-owned banks to ride to their rescue. The same principle applied to local authorities, which were put in the position to borrow large sums of money via off-balance sheet financial vehicles. Read more of this post

Book Review: ‘The Adventures of Henry Thoreau’ by Michael Sims; Mother nature, and the father figure of Ralph Waldo Emerson, shaped the author of “Walden.”

Book Review: ‘The Adventures of Henry Thoreau’ by Michael Sims
Mother nature, and the father figure of Ralph Waldo Emerson, shaped the author of “Walden.”
BRENDA WINEAPPLE
March 19, 2014 7:12 p.m. ET
Although Henry David Thoreau documented in detail his sojourn at Walden Pond, we don’t really know the young man who will later become a canonical author, or so Michael Sims argues in “The Adventures of Henry Thoreau: A Young Man’s Unlikely Path to Walden Pond.” “I didn’t want to applaud Thoreau,” Mr. Sims explains. “I wanted to find Henry.” The title of Mr. Sims’s book echoes Mark Twain’s “Adventures of Huckleberry Finn, ” but unlike those of Huck, the so-called adventures of Thoreau are largely internal.

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For the Youngest Startups, No Billions; Valuations Soar for a Select Few, While Many Early-Stage Ventures Struggle

For the Youngest Startups, No Billions
Valuations Soar for a Select Few, While Many Early-Stage Ventures Struggle
ANGUS LOTEN, EMILY CHASAN and RUSS GARLAND
March 19, 2014 7:31 p.m. ET
Young companies thinking they might be worth billions may need a reality check.
Despite the hubbub over select startups such as WhatsApp, the mobile-messaging app bought by Facebook Inc. for $19 billion, first-round valuations for U.S. startups fell last year, data show, even as later-round valuations surpassed levels of the dot-com era.
Seed-round funding valuations—set as a business prepares to launch, or soon after—dropped nearly 30% in 2013 to nearly $2 million, from $2.7 million in 2012, and less than half of a $4.8 million high set in 2000, according to Dow Jones VentureSource. Likewise, first-round funding valuations fell 28% to $5 million, from $7 million in 2012, and $12 million in 2000.

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Slumping Fertility Rates in Developing Countries Spark Labor Worries; Birthrates Fall in Thailand, Raising Concerns about Aging Population

Slumping Fertility Rates in Developing Countries Spark Labor Worries
Birthrates Fall in Thailand, Raising Concerns about Aging Population
JAMES HOOKWAY
March 19, 2014 10:31 p.m. ET

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BAAN TAM TA KEM, Thailand—Slumping fertility rates aren’t just a problem for wealthy countries anymore.
Birthrates have fallen in Thailand in recent years, making it one of the poorest countries facing the prospect of shrinking labor pools and an aging population. Such problems, while familiar in Europe and Japan, used to be unheard of in the up-and-coming economies of Southeast Asia. Read more of this post

Sony to Add Original TV Shows for PlayStation

Sony to Add Original TV Shows for PlayStation
Move Is Part of Effort to Broaden Console’s Appeal Beyond Videogames
AMOL SHARMA
March 19, 2014 7:23 p.m. ET
Sony Corp. 6758.TO +1.50% is venturing into original TV programming for its PlayStation as part of an ambitious effort to make the device a home for TV and not just videogames.
The electronics and entertainment giant plans to offer original series through the gaming console, on top of an online pay-TV service it plans for users of the device.

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Inditex Builds for the Future: Fashion Giant Continues to Invest in New Stores

Inditex Builds for the Future
Fashion Giant Continues to Invest in New Stores
CHRISTOPHER BJORK
Updated March 19, 2014 12:04 p.m. ET

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Pablo Isla at the new distribution hub in Cabanillas del Campo, Wednesday. Reuters
Zara parent Inditex’s CEO said the retailer will continue investing heavily. Shown, a distribution center near Madrid. Reuters
CABANILLAS DEL CAMPO—On dusty Spanish scrubland just outside Madrid, the world’s largest fashion retailer is laying bricks to support growth for the next decade. Read more of this post

Free Isn’t Easy for Higher Ed; Private Schools Push Back at Tennessee Plan for No-Cost Community College

Free Isn’t Easy for Higher Ed
Private Schools Push Back at Tennessee Plan for No-Cost Community College
CAMERON MCWHIRTER and CAROLINE PORTER
March 19, 2014 7:40 p.m. ET

Tennessee Gov. Bill Haslam wants every high-school graduate in his state to be able to attend a community or technical college free of charge, a goal he says will strengthen the workforce and attract investment.

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To fund the “Tennessee Promise” plan, estimated to cost about $35 million a year when fully implemented, the governor wants to trim the money Tennessee spends on scholarships at four-year colleges. Read more of this post

U.S. Alleges Inside Traders Used Spycraft, Ate Evidence; Three Ran Ring Using Information From Top M&A Law Firm, Prosecutors Say

U.S. Alleges Inside Traders Used Spycraft, Ate Evidence
Three Ran Ring Using Information From Top M&A Law Firm, Prosecutors Say
JENNIFER SMITH
Updated March 19, 2014 8:55 p.m. ET
Prosecutors allege stock tips were often swapped by a clock in New York’s Grand Central Terminal.Associated Press
Three men ran an insider-trading ring with information from one of New York’s premier mergers-and-acquisitions law firms, prosecutors say, taking care to chat in code and flash stock tips on napkins or sticky notes before gobbling them down under the clock inside the teeming great hall of Grand Central Terminal.

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Crossing China’s Big Red Currency Line

Crossing China’s Big Red Currency Line
ALEX FRANGOS
March 20, 2014 1:32 a.m. ET
China’s currency slide continues, crossing a level that traders worry will trigger turmoil for investors. Heard on the Street columnists Alex Frangos, Abheek Bhattacharya and Aaron Back debate what Beijing is aiming to do by letting its currency move sharply lower.
The big red currency has crossed a big red line. It might not be so scary on the other side.

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Too Much Love for Tencent’s Success

Too Much Love for Tencent’s Success
AARON BACK
Updated March 19, 2014 7:11 p.m. ET
Tencent Holdings TCEHY -1.24% is collecting mobile users at a rapid pace. But hype about mobile payments is pushing the stock to heights at which investors should brace themselves.
In the fourth quarter, the Chinese Internet giant saw revenue rise 40% year over year, boosted by its dominant position selling virtual paraphernalia in its mobile-games universe. Net profit rose a less impressive 13% due to marketing costs. But that spending is yielding results. Mobile messaging platform WeChat had 355 million users at the end of 2013. QQ, Tencent’s old desktop messaging product, has a mobile version with 426 million monthly users.

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The ‘Singapore Solution’ to China’s Stock Woes?

The ‘Singapore Solution’ to China’s Stock Woes
Allowing companies to list directly overseas is good for regulators and investors.
PAUL GILLIS
March 19, 2014 11:34 a.m. ET
Alibaba has finally announced its plan to list its shares in New York, after months of speculation about the location. This is a blow to Hong Kong, which had courted the Chinese tech company but was unwilling to change its rules to allow founder Jack Ma to keep control of the company after the listing. But this is also a blow to Chinese investors, who will yet again be denied an opportunity to invest in one of their country’s most successful firms.

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What Is Weibo Anyway?

Mar 19, 2014
What Is Weibo Anyway?
NED LEVIN
Nobody seems to know what Weibo Corp. is worth, though its IPO should value it at several billion dollars. And in honor of Weibo’s U.S. IPO filing last Friday—the company is spinning off from Chinese web media parent SinaSINA -1.34% Corp–MoneyBeat took to the Journal archives to answer another imponderable: just what is Weibo anyway?

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FedEx Takes Sloppy E-Tailers to Task

FedEx Takes Sloppy E-Tailers to Task
Snowstorms Hurt Earnings, but E-Commerce Firms Need to Shape Up, CEO Says
LAURA STEVENS and SERENA NG
Updated March 19, 2014 6:46 p.m. ET
Around 2.4% of FedEx’s five million tracked packages in the first two months of the year were disrupted.Getty Images
FedEx Corp. FDX -1.71% Chief Executive Fred Smith took a tough line with e-commerce companies on Wednesday, saying they need to shape up sloppy shipping practices or risk losing customers.

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A month after Fitbit issued a recall of its fitness-tracking bracelet following complaints of blisters and rashes, the startup now faces its first lawsuit

Mar 19, 2014
Fitbit Now Faces a Class-Action Suit in Rash Fallout
KATHERINE ROSMAN
A month after Fitbit issued a recall of its fitness-tracking bracelet following complaints of blisters and rashes, the startup now faces its first lawsuit.
The suit, filed on Monday in the Superior Court of California in the County of San Diego, is seeking class-action status and alleges the company misled consumers in promoting and advertising the Fitbit Force device.

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Developers Offer a Peek at Shanghai’s Dream Center; Big projects like the Dream Center have been more heavily scrutinized lately amid concerns about over building and tightened credit in China

Developers Offer a Peek at Shanghai’s Dream Center
ESTHER FUNG
March 20, 2014 9:48 a.m. ET
SHANGHAI— DreamWorks Animation SKG Inc. DWA +0.22% and its Chinese partners say they plan to build live performance theaters and concert halls in a 15 billion yuan ($2.4 billion) Shanghai project that will open in 2017 or early 2018.
“The size and scale [of the project] has gotten bigger and bigger,” said Jeffrey Katzenberg, DreamWorks Animation’s chief executive. “Securing the necessary approvals and getting financing took a longer time than expected.”

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Luxury Brands Look to South Korea for China Sales Boost; Korean Sitcoms Are Popular Among Fashion-Conscious Chinese Consumers

Luxury Brands Look to South Korea for China Sales Boost
Korean Sitcoms Are Popular Among Fashion-Conscious Chinese Consumers
WEI GU
Updated March 20, 2014 8:44 a.m. ET

Luxury brands see sales jump thanks to Korean wave in China. HSBC’s Erwan Rambourg tells the WSJ’s Wei Gu who is benefiting from the popularity of Korean style in China.
To succeed in China, luxury brands are getting help from South Korea.

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Investors Blame Bankers for Japan Display Flop

Investors Blame Bankers for Japan Display Flop
Jittery Markets Also Seen as Factor in Weak Debut
KANA INAGAKI
March 19, 2014 10:02 a.m. ET

image001-6image002-5Shuichi Otsuka, chief executive officer of Japan Display Inc., left, holds a listing notice with Akira Kiyota, president of Tokyo Stock Exchange Inc., as they pose for a photograph during an initial public offering ceremony for the company’s listing at the Tokyo Stock Exchange. Bloomberg News

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