World’s Highest Minimum Wage at $25/hour on Ballot in Switzerland

World’s Highest Minimum Wage on Ballot in Switzerland

By Catherine Bosley – Apr 13, 2014

Jasmin Eicher has already axed her sole full-time employee to keep afloat her shop selling cards, candles and paper in a Zurich suburb. If Switzerland approves what would be the world’s highest minimum wage, she says the only option would be to close her door. Read more of this post

China Is Losing Its Taste for Gold; Economic Slowdown, Constrained Credit Markets Suppress Demand

China Is Losing Its Taste for Gold

Economic Slowdown, Constrained Credit Markets Suppress Demand

image001-2 image002-1 Read more of this post

L’Oréal’s Global Kit Adds a Chinese Brand

L’Oréal’s Global Kit Adds a Chinese Brand

French Cosmetics Giant Aims to Build Newly Acquired MG Brand Outside Asia

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A Day In The Life Of Warren Buffett

A Day In The Life Of Warren Buffett

by VW StaffApril 13, 2014, 3:30 pm

On investing…

How Warren spends his day: Read more of this post

Understanding Corporate Governance Through Learning Models of Managerial Competence

Understanding Corporate Governance Through Learning Models of Managerial Competence

Benjamin E. Hermalin, Michael S. Weisbach

NBER Working Paper No. 20028
Issued in April 2014
A manager’s shareholders, board of directors, and potential future employers are continually assessing his ability. A rich literature has documented that this insight has profound implications for corporate governance because assessment generates incentives (good and bad), introduces assorted risks, and affects the various battles that rage among the relevant actors for corporate control. Consequently, assessment (or learning) is a key perspective from which to study, evaluate, and possibly even regulate corporate governance. Moreover, because learning is a behavior notoriously subject to systematic biases, this perspective is a natural avenue through which to introduce behavioral and psychological insights into the study of corporate governance.

Complexity is easy to see but hard to beat. But in a recent survey, CFOs revealed a simple-sounding solution

April 14, 2014

CFO Magazine

It’s Complicated

Complexity is easy to see but hard to beat. But in a recent survey, CFOs revealed a simple-sounding solution. Read more of this post

Why start-ups keep shocking big companies; An interview with Eric Ries

Disruptive entrepreneurs: An interview with Eric Ries

Companies are all too aware of the disruptive power of technology. The author of The Lean Startup argues that the competitive reaction of many organizations remains fatally flawed.

April 2014

Renting the means of production Read more of this post

Indian Handset Maker Micromax Eyes Stake In Pantech

Apr 14, 2014

Indian Handset Maker Micromax Eyes Stake In Pantech

By Min-Jeong Lee and R. Jai Krishna

Micromax Informatics, a privately held Indian handset maker, is eyeing a stake purchase in struggling South Korean peer Pantech, in which Qualcomm and Samsung Electronics005930.SE +0.37% own a stake,  people familiar with the situation said Monday. Read more of this post

Jewish moms train kids to ask why; Inquisitive mind key to successful education; experts

Updated : 2014-04-13 18:32

Jewish moms train kids to ask why

Inquisitive mind key to successful education; experts
By Kang Hyun-kyung
Korean and Jewish moms have a single-minded devotion to their children’s success and put an overwhelming emphasis on education as a means to achieve it. Read more of this post

Are chaebol owners overpaid? Critics call for disclosure of detailed guidelines on executive compensation

Updated : 2014-04-13 18:39

Are chaebol owners overpaid?

Critics call for disclosure of detailed guidelines on executive compensation

According to a recent executive salary disclosure, SK Group Chairman Chey Tae-won (top left) received the largest paycheck, amounting to 30.1 billion won ($28.8 million). Following were Hyundai Motor Chairman Chung Mong-koo (top right) and Hanwha Group Chairman Kim Seung-youn (bottom left). Samsung Electronics Chairman Lee Kun-hee (bottom right) was excluded from the list because the regulation on disclosure exempts non-board members Read more of this post

ODM channel behind S. Korean manufacturer’ robust growth

ODM channel behind S. Korean manufacturer’ robust growth

2014.04.13 17:53:27

As early as a decade ago, South Korea’s apparel company Sae-A Trading produced its goods entirely through OEM (original equipment manufacturer) channel. The apparel company recorded 1.3 trillion won ($1.2 billion) sales last year, as high as the amount generated by a large company. The driving engine behind its robust performance is ODM (original design manufacturer) channel.  Read more of this post

China targets trust firms in shadow-bank crackdown: sources

China targets trust firms in shadow-bank crackdown: sources

2:20am EDT

By Hongmei Zhao

HONG KONG (Reuters) – China has issued stricter guidelines governing trust companies, two sources with direct knowledge of the rules told Reuters on Monday, in a bid to counter systemic risks posed by the biggest players in the country’s shadow-banking sector. Read more of this post

China’s local govt debt sparks fears of Lehman-style collapse

China’s local govt debt sparks fears of Lehman-style collapse

Staff Reporter

2014-04-13

China’s snowballing local government debt has investors concerned about a Lehman Brothers-style collapse triggering a new financial crisis, reports our Chinese-language sister paper Want Daily. Read more of this post

Chinese civil society: Beneath the glacier; In spite of a political clampdown, a flourishing civil society is taking hold

Chinese civil society: Beneath the glacier; In spite of a political clampdown, a flourishing civil society is taking hold

Apr 12th 2014 | BEIJING, CHENGDU AND GUANGZHOU | From the print edition

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How Jyothy Laboratories Silenced Sceptics; The homegrown consumer goods company has beaten the odds and transformed to turn around the Henkel India business

How Jyothy Laboratories Silenced Sceptics

by Samar Srivastava | Apr 14, 2014

The homegrown consumer goods company has beaten the odds and transformed to turn around the Henkel India business

Soon after homegrown Jyothy Laboratories acquired Henkel’s India business in May 2011, joint managing director Ullas Kamath went on a month-long road trip across the country. Kamath remembers that as being a lonely time, with only his driver for company. Just as well, though, as it was also a time for introspection and ideation.  Read more of this post

A Better Way to Finance That College Degree; A student-loan innovation protects graduates from overwhelming debt

A Better Way to Finance That College Degree

A student-loan innovation protects graduates from overwhelming debt.

MIGUEL PALACIOS And ANDREW P. KELLY

April 13, 2014 6:38 p.m. ET

If you thought mortgage-underwriting standards were lax right before the housing crisis, wait until you take a closer look at student loans. Borrowing for a house at least requires an appraisal of the property and an assessment of the borrower’s future capacity to pay. Student loans require neither. Instead, students and families are encouraged to invest in any program at any price. There is a better way, but it’s time to look beyond traditional student loans. Read more of this post

As Growth Slows in India, Rural Workers Have Fewer Incentives to Move to Cities

As Growth Slows in India, Rural Workers Have Fewer Incentives to Move to Cities

Few Manufacturing Jobs and High Inflation, Combined With Rural Programs, Stall India’s Urbanization

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RAYMOND ZHONG and SAPTARISHI DUTTA

Updated April 13, 2014 10:43 p.m. ET

MORKAHI, India—As a teenager, Ram Singh left this remote rural village and moved to fast-growing New Delhi to chase the spoils of his country’s economic boom. Read more of this post

Parental Involvement Is Overrated; Most of what we do for our kids at school doesn’t matter

Parental Involvement Is Overrated

By KEITH ROBINSON and ANGEL L. HARRIS

APRIL 12, 2014, 2:32 PM 78 Comments

Most people, asked whether parental involvement benefits children academically, would say, “of course it does.” But evidence from our research suggests otherwise. In fact, most forms of parental involvement, like observing a child’s class, contacting a school about a child’s behavior, helping to decide a child’s high school courses, or helping a child with homework, do not improve student achievement. In some cases, they actually hinder it. Read more of this post

My Ideas, My Boss’s Property; Workers are being forced to sign over their ideas to their employer

My Ideas, My Boss’s Property

By ORLY LOBELAPRIL 13, 2014

SAN DIEGO — THE big story in Silicon Valley these days is a class-action lawsuit alleging that several major tech companies, including Google and Apple, agreed not to try to hire away one another’s employees — thereby hindering workers from seeking out better-paying jobs. Read more of this post

Happiness and Its Discontents; Are you satisfied with your life? How are you feeling? Does either question tell us what we really want to know?

Happiness and Its Discontents

By DANIEL M. HAYBRON

APRIL 13, 2014, 8:00 PM 3 Comments

What does it mean to be happy?

The answer to this question once seemed obvious to me. To be happy is to be satisfied with your life. If you want to find out how happy someone is, you ask him a question like, “Taking all things together, how satisfied are you with your life as a whole?” Read more of this post

Leaner and More Efficient, British Printers Push Forward in Digital Age; Despite steady declines in revenue, automation has allowed big printing companies to produce magazines and other publications quickly and at less cost

Leaner and More Efficient, British Printers Push Forward in Digital Age

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By GEORGI KANTCHEVAPRIL 12, 2014

PETERBOROUGH, England — At a media conference a few years ago, the editor of The Guardian newspaper, contemplating the future of print, recalled his paper’s installation of its newest presses in 2005. Read more of this post

Doug Tompkins, founder of The North Face and co-founder of Esprit: You have to have people who bring a lot of great energy to their job and make the work and business atmosphere dynamic. This is sort of where art and science mix

Getting the Right Person in the Right Job

APRIL 13, 2014

By CHRISTOPHER F. SCHUETZE

Doug Tompkins is the founder of The North Face and the co-founder of Esprit. He and his wife, Kris, run Tompkins Conservation, a not-for-profit entity that acquires and restores nature reserves in Chile and Argentina, then donates them to national park systems. Read more of this post

The weekly email Popbitch has used a business model others are now catching up to, but it has entered new waters with an iPad magazine for $2.99 an issue.

A Gossipy Newsletter Aims Higher

By RAVI SOMAIYAAPRIL 13, 2014

LONDON — Every Thursday the Popbitch newsletter, written in a typewriter font redolent of the early Internet, lands in the inboxes of hundreds of thousands people in Britain and around the world. Read more of this post

Bend It, Charge It, Dunk It: Graphene, the Material of Tomorrow

Bend It, Charge It, Dunk It: Graphene, the Material of Tomorrow

By NICK BILTON

APRIL 13, 2014, 11:00 AM 35 Comments

I just want to say one word to you. Just one word.

No, fans of “The Graduate,” the word isn’t “plastics.” Read more of this post

The power of the US cable barons must be challenged; No one in Washington seems to have the will to stop industry moguls from tightening their grip on the internet

April 13, 2014 5:23 pm

The power of the US cable barons must be challenged

By Edward Luce

No one in Washington seems to have the will to stop industry moguls from tightening their grip on the internet Read more of this post

This Is How Jan Koum Introduced WhatsApp To The World Back In 2009

This Is How Jan Koum Introduced WhatsApp To The World Back In 2009

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Yahoo Rolls the Dice on TV

Yahoo Rolls the Dice on TV

APRIL 13, 2014

David Carr

THE MEDIA EQUATION

Yahoo, a company that seems like a permanent adolescent in search of an identity, is about to try a new persona: high-quality television programmer. Read more of this post

Tech insiders dumped shares ahead of slide

April 13, 2014 4:47 pm

Tech insiders dumped shares ahead of slide

By Richard Waters in San Francisco

Insiders at some of the hottest private and publicly traded internet companies unloaded substantial personal stakes ahead of the slump in tech stocks that started at the beginning of March. Read more of this post

Seven Things Great Employers Do (that Others Don’t)

Seven Things Great Employers Do (that Others Don’t)

by Peter Flade, James Harter and Jim Asplund  |   11:00 AM April 1, 2014

For most people, paid work is unsettling and energy-sapping. Despite employee engagement racing up the priority list of CEOs (see, for example, The Conference Board’s CEO Challenge 2014), ourresearch into workplaces all over the world reveals a sorry state of affairs: workers who are activelydisengaged outnumber their engaged colleagues by an overwhelming factor of 2:1. The good news is that there are companies out there bucking the trend, and we’ve discovered how. Read more of this post

Scourge of Money Politics Raises Concerns Ahead of Indonesia’s Legislative Election

Scourge of Money Politics Raises Concerns Ahead of Indonesia’s Legislative Election

By Josua Gantan & Vita A.D. Busyra on 08:35 am Apr 02, 2014

Jakarta. Violations of campaign regulations are on the rise as Indonesia’s legislative election approaches. Read more of this post