Wanted in Indonesia – Technocrats

Wanted — Technocrats

By Karim Raslan on 06:20 pm Mar 12, 2014

On Jan. 31, Gita Wirjawan, who was Indonesia’s minister of trade, surprised everyone by resigning from his Cabinet post in order to concentrate on his nascent political career. Read more of this post

Buffett gets the better of everyone, version 4,762

Buffett gets the better of everyone, version 4,762

Dan McCrum

| Mar 14 15:12 | 16 comments Share

We have always admired Warren Buffett’s ability to combine hard headed capitalism with incredible popularity. America’s favourite billionaire and all that. Read more of this post

Japan’s Sumitomo Acquires 40% of Indonesia’s BTPN; The bank is known for serving retired civil servants, but has been expanding into Indonesia’s small businesses market

Japan’s Sumitomo Acquires 40% of BTPN

By Francezka Nangoy on 11:30 pm Mar 14, 2014

Jakarta. Sumitomo Mitsui Banking Corporation, one of Japan’s largest banking groups, has concluded its 40 percent stake acquisition in Indonesia’s Bank Tabungan Pensiunan Nasional. Read more of this post

What poet WH Auden can teach us in times of crisis

March 14, 2014 5:44 pm

What WH Auden can teach us in times of crisis

By Alexander McCall Smith

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WH Auden in the Tom Quadrangle at Christ Church College, Oxford

Introduction

FT Weekend is proud to be the media partner of this year’s Oxford Literary Festival (March 22 to 30), one of the world’s most prestigious literary events. Read more of this post

Buffett faces challenge on dividend; Proposal to start Berkshire payouts on agenda at AGM

March 14, 2014 7:40 pm

Buffett faces challenge on Berkshire dividend

By Stephen Foley in New York

A mild mannered accountant from Cincinnati, Ohio, is taking on Warren Buffett in a showdown over whether the veteran investor’s company, Berkshire Hathaway, should finally start paying a dividend. Read more of this post

Dr Copper catches a dose of Chinese flu; Fears China copper inventory will flood market behind price falls

Last updated: March 14, 2014 7:52 pm

Dr Copper catches a dose of Chinese flu

By Neil Hume, Commodities Editor

Fears China copper inventory will flood market behind price falls

“Dr Copper” is poorly. And the prognosis isn’t clear. Read more of this post

The US Federal Reserve has unrealised losses of $53.2bn on its securities portfolio, laying bare the potential long-run price of quantitative easing

March 14, 2014 5:36 pm

US Federal Reserve’s unrealised losses rise to $53.2bn

By Robin Harding in Washington

The US Federal Reserve has unrealised losses of $53.2bn on its securities portfolio, laying bare the potential long-run price of quantitative easing. Read more of this post

Russian companies withdraw billions from west, say Moscow bankers

Last updated: March 14, 2014 7:57 pm

Russian companies withdraw billions from west, say Moscow bankers

By Patrick Jenkins and Daniel Schäfer in London and Courtney Weaver and Jack Farchy in Moscow

Russian companies are pulling billions out of western banks, fearful that any US sanctions over the Crimean crisis could lead to an asset freeze, according to bankers in Moscow. Read more of this post

Alejandro Zaffaroni, life scientist and entrepreneur, 1923-2014

March 14, 2014 6:02 pm

Alejandro Zaffaroni, life scientist and entrepreneur, 1923-2014

By Andrew Ward

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As the second world war drew to a close in 1945, Alejandro Zaffaroni hitched a ride on a US military cargo ship from his native Uruguay to New York. It was the start of a journey that led to his becoming one of America’s most prolific biotechnology entrepreneurs, playing an important role in development of the birth control pill, the nicotine patch and DNA chips used in genetic research. Read more of this post

The lost art of finance: ‘Back in the days when “money” meant sacks of gold coins, artists had something tangible to paint’; the power of art is that it can make us see the world afresh – there can be beauty in the unseen details of daily life

March 14, 2014 1:22 pm

The lost art of finance

image001By Gillian Tett

‘Back in the days when “money” meant sacks of gold coins, artists had something tangible to paint’

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Last month I received a striking request from the Museum of Modern Art in New York. It was not an invitation to a trendy exhibition opening or an appeal for funds. Instead, MoMA curators were seeking blog posts from writers on pieces of art in its collection linked to exploitation and violence. Read more of this post

All roads lead back to Cézanne: From unmissable watercolours to the turbulence of Van Gogh, the Pearlman Collection – now in Europe for the first time – offers a fresh vision of modern painting

March 14, 2014 6:32 pm

All roads lead back to Cézanne

By Jackie Wullschlager

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One wintry wartime day in 1945, businessman Henry Pearlman was walking down New York’s Park Avenue when a painting by Chaim Soutine hanging in the window at Parke-Bernet auction house caught his eye. He bid $825 and took home “View of Céret”. Read more of this post

New York ousts London as top financial centre amid concerns about Britain’s future in the EU, scandals in the City and a growing regulatory burden

Last updated: March 15, 2014 12:00 am

New York ousts London as top financial centre

By James Pickford, London and Southeast Correspondent

London has lost the top slot in a barometer of global financial centres amid concerns about Britain’s future in the EU, scandals in the City and a growing regulatory burden. Read more of this post

Haunted by the Bull That Got Away; The pain of missing out on the tripling of the U.S. stock market since March 2009 has become almost unbearable for many investors who have been watching from the sidelines

Mar 14, 2014

THE INTELLIGENT INVESTOR

Haunted by the Bull That Got Away

JASON ZWEIG

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It might have been.

Those aren’t only the saddest words for lovers, as the poet John Greenleaf Whittier wrote, but also for investors. Read more of this post

A New Way to Learn Chinese: Entrepreneur ShaoLan Hsueh aims to bridge the gap between East and West by teaching Westerners how to read Chinese

A New Way to Learn Chinese

Entrepreneur ShaoLan Hsueh aims to bridge the gap between East and West by teaching Westerners how to read Chinese

ALEXANDRA WOLFE

March 14, 2014 8:37 p.m. ET

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Entrepreneur and author ShaoLan Hsueh aims to teach English speakers how to start reading Chinese in under 10 minutes. See an excerpt for the video that was produced for her Kickstarter campaign. Read more of this post

The Future of Brain Implants: How soon can we expect to see brain implants for perfect memory, enhanced vision, hypernormal focus or an expert golf swing?

The Future of Brain Implants

How soon can we expect to see brain implants for perfect memory, enhanced vision, hypernormal focus or an expert golf swing?

GARY MARCUS and CHRISTOF KOCH

March 14, 2014 7:30 p.m. ET

Brain implants today are where laser eye surgery was several decades ago, fraught with risk, applicable only to a narrowly defined set of patients – but a sign of things to come. NYU Professor of Psychology Gary Marcus discusses on Lunch Break. Photo: Getty. Read more of this post

Expert Was Needed to Disable Malaysia Airlines Jet Systems

Expert Was Needed to Disable Malaysia Airlines Jet Systems

Detailed Knowledge Would Be Required

JON OSTROWER

Updated March 14, 2014 11:42 p.m. ET

If multiple communication systems aboard Malaysia Airlines 3786.KU +2.13% Flight 370 were manually disabled, as investigators increasingly suspect happened, it would have required detailed knowledge of the long-range Boeing Co. BA +1.00% 777’s inner workings. Read more of this post

See family still holds court in Kian Joo Can

Updated: Saturday March 15, 2014 MYT 12:04:21 PM

See family still holds court in Kian Joo

BY M SHANMUGAM

HAVING a competing bid for their company is the kind the stuff shareholders dream of. In this respect, shareholders of Kian Joo Can Factory Bhd have nothing much to complain about. Read more of this post

Big money in kuay teow

Updated: Saturday March 15, 2014 MYT 8:31:40 AM

Big money in kuay teow

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The kuay teow production lines at Ipoh Kueh Teow and Noodles.

IN January 2014, the selling price of 100g of kuay teow in a leading hypermarket in Kelana Jaya was recorded at RM1.45. Read more of this post

Why Nothing Is Truly Alive: Life is a concept, not a reality, says Ferris Jabr, who suggests distinguishing between mental models and pure concepts

Why Nothing Is Truly Alive

Life is a concept, not a reality, says Ferris Jabr, who explains why nothing is truly alive and suggests distinguishing between mental models and pure concepts

By FERRIS JABR

MARCH 12, 2014

On a windy day in Ypenburg, the Netherlands, you can sometimes see sculptures the size of buses scuttling across a sandy hill. Made mostly from intricately conjoined plastic tubes, wood and sails, the many-legged skeletons move so fluidly and autonomously that it’s tempting to think of them as alive. Their maker, the Dutch artist Theo Jansen, certainly does. “Since 1990, I have been occupied creating new forms of life,” he says on his website. He calls them Strandbeest. “Eventually I want to put these animals out in herds on the beaches, so they will live their own lives.” Read more of this post

Recent sharp gain in Olam shares fuels concerns over possible insider trading

Recent sharp gain in Olam shares fuels concerns over possible insider trading

Temasek Holdings’ buyout offer yesterday came after Olam’s share price had accelerated dramatically in recent weeks against the backdrop of a flat market, leading some investors to cry foul and call on regulators to investigate possible insider trading in violation of securities laws. Read more of this post

Why McDonald’s Is Taking On Starbucks Over Coffee

Why McDonald’s Is Taking On Starbucks Over Coffee

By Asit Sharma | More Articles
March 10, 2014 | Comments (23)

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McDonald’s coffee-led breakfast strategy in visual terms. Image courtesy McDonald’s.

At the end of this month, Starbucks  (NASDAQ: SBUX  ) is likely to post a result that will draw little attention, but is intriguing for its larger implications: The company will overtake McDonald’s  (NYSE: MCD  ) for the first time in pre-tax earnings in Japan.  McDonald’s, of course, has struggled in Japan recently. Its 50-owned Japanese subsidiary recently announced that it was closing 74 stores, or about 2.3% of its total store count, due to declining customer demand. Starbucks’ demand arc in Japan is quite another story — the company has gone from zero to more than 1,000 stores in less than 20 years.  Read more of this post

10 Great Books on American Economic History

10 Great Books on American Economic History

By John Reeves | More Articles
March 8, 2014 | Comments (7)

The attempt to create a colony in Jamestown, Virginia, in 1607 got off to a catastrophic start. After just the first year, only 38 of the original 108 colonists remained alive. And death rates over the first two decades continued to be staggeringly high. Read more of this post

Motley Fool CEO Tom Gardner shows how he discovered Middleby, which has delivered 30 times his original investment

The Untold Story Behind Our CEO’s Single Greatest Investment

By Tom Gardner | More Articles
March 13, 2014 | Comments (6)

Dear Fools, I’d like to make two important corrections to this article after reading the comments below. The first is that, as a matter of policy back in the Hidden Gems days, I never bought my investment recommendations. This has changed in the Everlasting Portfolio in Motley Fool One. The systems now exist for me to purchase all of my investment recommendations. And, of course, all of my purchases come after The Motley Fool buys which, of course, come after all of our members are given a chance to buy first. Read more of this post

Prem Watsa’s 9 Observations Why There Is A “Monstrous Real Estate Bubble In China Which Could Burst Anytime”

Prem Watsa’s 9 Observations Why There Is A “Monstrous Real Estate Bubble In China Which Could Burst Anytime”

Tyler Durden on 03/09/2014 18:12 -0400

Excerpted from Prem Watsa’s Fairfax Financial Holdings investor letter,

There is a monstrous real estate and construction bubble in China, which could burst anytime. It almost did in 2011 but China increased its credit growth significantly since then. Read more of this post

Mind your wallet: why the underworld loves bitcoin

Mind your wallet: why the underworld loves bitcoin

1:51am EDT

By Jeremy Wagstaff

SINGAPORE (Reuters) – Criminals may already have made off with up to $500 million worth of bitcoins since the virtual currency launched in 2009 – and you can double that if it turns out they emptied Mt. Gox. Read more of this post

Whitney Tilson On Berkshire Hathaway Annual Letter And Omaha Events

Whitney Tilson On Berkshire Hathaway Annual Letter And Omaha Events

by VW StaffMarch 14, 2014, 11:50 am

Whitney Tilson extends an invitation to Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) events in Omaha as the Warren Buffett-led company releases its annual letter. Read more of this post

Happy Pi Day! It’s also Albert Einstein’s birthday

Happy Pi Day! It’s also Albert Einstein’s birthday.

By Andrea Peterson, Updated: March 14 at 10:15 am

Today is March 14th, or 3/14. And that makes it Pi Day — the day where math nerds across the country gather to eat pie and discuss the importance of numbers. But did you know it’s also Albert Einstein’s birthday? The theoretical physicist whose name has become synonymous with genius was born on March 14, 1879, in what was then the Kingdom of Württemberg in the German Empire. Read more of this post

Odey: US turnaround will spark EM recession

Odey: US turnaround will spark EM recession

by Danielle Levy on Mar 06, 2014 at 15:01

Renowned hedge fund manager Crispin Odey has warned that a US turnaround this year could spark a recession in emerging markets. Read more of this post

TED has revolutionised the ideas industry, in part by putting old wine in new bottles

TED has revolutionised the ideas industry, in part by putting old wine in new bottles

Mar 15th 2014 | From the print edition

THE first TED conference in 1984 was such a damp squib that the organisers did not hold a second one for six years. Today TED (which for the uninitiated stands for Technology, Education, Design) is the Goliath of the ideas industry. The heart of the enterprise is TED’s twice-yearly conference at which big ideas are presented in short, punchy talks. On March 17th-21st around 1,200 TEDsters will gather in Vancouver to listen to the likes of Bill Gates and Nicholas Negroponte celebrating TED’s 30th birthday and thinking great thoughts. The conference has also spawned an array of businesses, albeit not-for-profit ones. Read more of this post

Having shaken up the photo business, Shutterstock is now focused on video

Having shaken up the photo business, Shutterstock is now focused on video

Mar 15th 2014 | NEW YORK | From the print edition

THESE days Silicon Alley has a Silicon Skyscraper at its top end. The Empire State Building, once stuffed to the viewing-deck with fusty, dark wood offices, has become home to several geek-filled open-plan floors. First in was the fast-growing New York arm of LinkedIn. Now, complete with gourmet cafeteria and video-game room, it has been joined by Shutterstock, the most successful tech firm to emerge in the Big Apple since it started claiming to be the new home of digital innovation. Read more of this post