R.E.S.-ilience in Value Creation 《竹经：经商经世离不得立根创新》
May 15, 2014 Leave a comment
Three Underrated Reasons for Berkshire Hathaway’s Enormous Success
May 6, 2014 by Shane Parrish
Berkshire Hathaway is widely regarded as one of the most successful companies in the world. If you look at Warren Buffett’s 49 year track record with Berkshire, it almost looks easy in hindsight. Make no mistake, however, it wasn’t easy and he certainly didn’t do it alone.
May 15, 2014 Leave a comment
THE TRUTH ABOUT APPLE: Steve Jobs Left Tim Cook Quite A Few Problems
MAY 3, 2014, 9:32 AM
A lot of people — myself included — have been critical of Tim Cook as CEO of Apple. Read more of this post
May 15, 2014 Leave a comment
This company wants to make your DNA untraceable
By Kwame Opam on May 2, 2014 10:00 pm Email @kwameopam30COMMENTS
As the scope of the NSA’s bulk surveillance program becomes all too clear, less attention has been paid to the issues surrounding genetic information and surveillance. BioGenFutures, a new company-cum-art-project launched by information artist Heather Dewey-Hagborg, hopes to bring DNA surveillance back to the fore. The company just announced a product it calls “Invisible,” which endeavors to make it harder for authorities to trace left-behind DNA evidence back to people. Not only is the product actually launching to consumers, but Dewey-Hagborg believes solutions of its kind will be commonplace within five years. Read more of this post
May 15, 2014 Leave a comment
A century of capital structure: The leveraging of corporate America
John R. Graham, Mark T. Leary, Michael R. Roberts, 6 May 2014
During the recent financial crisis, not much attention has been paid to the indebtedness of non-financial corporations, as little is known about what drives their financing. This column looks at financial policies of non-financial corporations over the last century. It shows evidence that a primary factor affecting the amount of corporate borrowing is the amount of borrowing by the government. Government borrowing crowds out the ability of the corporate sector to borrow. Thus, policymakers should be cautious in altering government policies in an attempt to reduce corporate debt usage. Read more of this post
May 15, 2014 Leave a comment
Blame the media, China property edition
David Keohane | May 07 11:07 | 7 comments | Share
The bank that brought “adaptive pricing” to the China property euphemism table just two weeks ago is getting quite a bit blunter.
We’ll spare you more charts today, but here’s a chunk or two from Citi’s Oscar Choi and Marco Sze who have been forced into a shower of scare quotes by weaker than expected April data (emphasis in original): Read more of this post
May 15, 2014 Leave a comment
Alibaba Investors Will Buy a Risky Corporate Structure
MAY 6, 2014, 7:46 PM 5 Comments
Shareholders have been willing to take a lot of risk in their lust for Internet initial public offerings, but Alibaba’s I.P.O. may take that risk to a whole new level. The reason: Investors in the offering won’t have title to most of Alibaba’s Chinese assets because of Chinese prohibitions on foreign ownership. Read more of this post
May 15, 2014 Leave a comment
Enron 2.0: Goldman-Linked Investors Set to Manipulate East Coast Electricity Prices
Posted on May 6, 2014 by Yves Smith
You’d think regulators and the public would remember how badly California was burned by Enron’s electricity price manipulations, which cost each resident more than $1300 in higher energy bills, and would be eager to avoid a rerun. Read more of this post
May 15, 2014 Leave a comment
The China over-invoicing export distortion is back (sort of)
Izabella Kaminska | May 08 07:04 | 2 comments | Share
Let’s face it. Chinese national statistics are to some degree always treated with a pinch of salt by analysts and economists alike.
That said, there’a s big difference between massaging subjective inputs in statistical methodologies and failing to adjust for misleading economic activity driven by actual economic behaviour. Read more of this post
May 15, 2014 Leave a comment
Updated: Thursday May 8, 2014 MYT 7:57:32 AM
SC probes five firms for unlicensed contracts dealing
“To assist SC’s investigation, relevant documents and IT equipment were seized. Statements were also recorded from the staff of the companies and other persons present during the raids,” the SC said. None of the companies or its representatives were licensed by SC to solicit for monies nor to deal in futures contracts. “The public is strongly advised not to deal with any unlicensed persons in connection with dealing in futures contracts and to contact SC should they have information about such dealings,” the regulator added. Read more of this post
May 15, 2014 Leave a comment
Everything is rigged, art edition
Izabella Kaminska | May 08 16:23 | 4 comments | Share
John Gapper has an excellent column on Thursday about art auctions, focusing on the degree to which they are fixed or obfuscated by insiders and long-standing established practices. Read more of this post
May 15, 2014 Leave a comment
Li Ka-shing’s withdrawal from China related to new leadership
Staff Reporter
2014-05-10
Recently, a lot of new property projects in China have offered discounts, with some in Beijing having cut prices dramatically in order to find buyers. Read more of this post
May 15, 2014 Leave a comment
Water woes intensify in China due to rapid urbanization
Staff Reporter
2014-05-11
Water shortages in China have been exacerbated due to rapid urbanization and industrialization, with many new cities facing water crises. Read more of this post
May 15, 2014 Leave a comment
China’s shadow banking system a threatening US$4.3tn
Staff Reporter
2014-05-11
The size of China’s shadow banking system is around 27 trillion yuan (US$4.3 trillion), only around one fifth of the banking sector’s assets, said a Chinese official. The low proportion does not mean the system’s risks should be underestimated; the underground sector still has the power to drag down the traditional banking sector and the real economy, reports our Chinese-language sister newspaper Want Daily. Read more of this post
May 15, 2014 Leave a comment
1 of China’s 5 major internet app sectors will make ‘next 5bn’
Staff Reporter
2014-05-11
One of the five major applications in China’s mobile internet sector–which include smart hardware, mobile e-commerce, location-based services, mobile games and mobile search–is expected to create the “next 5 billion” due to the surging number of mobile internet users. Read more of this post
May 15, 2014 Leave a comment
Rise of Huawei, Xiaomi to challenge Samsung and Apple
Staff Reporter
2014-05-11
Chinese smartphone brands Huawei and Xiaomi have stated that their rise in the global market will challenge the dominant status of their foreign counterparts Samsung and Apple, reports our Chinese-language sister newspaper Want Daily. Read more of this post
May 15, 2014 Leave a comment
Won’t somebody think of the property developers?
David Keohane | May 09 09:44 | 1 comment | Share
And so it goes, from Nomura’s Zhiwei Zhang:
Today’s 21st Century Business Herald reports that in Jiangsu Province the Rongchen Property Development Co. Ltd. defaulted on a RMB100m trust product that came due last August. The paper says that as yet the principal and interest have not been fully paid.
May 15, 2014 Leave a comment
In Indonesia, moderate Islamic party returns to political centerstage
Sun May 11, 2014 4:49am EDT
By Kanupriya Kapoor and Randy Fabi
JAKARTA (Reuters) – Indonesian presidential frontrunner Joko “Jokowi” Widodo has joined hands with the country’s most popular Islamic party, cementing the surprise resurgence of Muslim parties in this year’s election and possibly renewing their voice in the new government. Read more of this post
May 15, 2014 Leave a comment
Updated: Thursday May 8, 2014 MYT 11:28:03 AM
Palm oil imports latest casualty as China tightens credit
Beijing’s crackdown on commodity financing in the face of slowing domestic demand could hit global palm oil demand – Reuters Photo. Read more of this post
May 15, 2014 Leave a comment
Revamping ETFs
Exchange-traded funds are undergoing a bit of a renaissance, with new styles of indexing. How smart is smart beta?
May 10, 2014 2:23 a.m. ET
Smart beta. It’s the ETF industry’s version of “New! And improved!”
Most of us range from fairly skeptical to deeply suspicious of any marketing terminology when it comes to buying cars or homes or Google Glass. But that doesn’t stop Wall Street from peddling one elixir after another, wrapped in academic research and carefully worded nonpromises. The latest? Smart beta, an umbrella term for index investing designed to beat the market, rather than simply match it. Read more of this post
May 15, 2014 Leave a comment
Flowserve Sees Big Opportunities to Grow
A specialist in fluid-control products, the company is thriving along with its industrial customers.
May 15, 2014 Leave a comment
Updated: Friday May 9, 2014 MYT 12:34:36 PM
Sony to close e-reading store in Europe, Australia
Sony, which is shuttering its ebook Reader Store in Europe and Australia, as it has done in North America, says it would likely book a 130 billion yen net loss (US$1.28bil) in the latest fiscal year to MarchTOKYO: Sony will shutter its ebook Reader Store in Europe and Australia following a similar pullout in North America, the company has said, as the once-mighty electronics giant pulls in its horns. Read more of this post
May 15, 2014 Leave a comment
World Bank: Indonesia World’s 10th Largest Economy
By Jakarta Globe on 11:29 pm May 04, 2014
May 15, 2014 Leave a comment
Indonesia Lags in Innovative Thinking
By Basten Gokkon on 11:54 pm May 06, 2014
May 15, 2014 Leave a comment
Indonesia Needs More Listed Companies Ahead of AEC in 2015, OJK Says
By Yohanes Sirait on 06:47 pm May 05, 2014
May 15, 2014 Leave a comment
A Family’s Watch Legacy
How a father and his young son bonded over watch collecting, a bond now shared with the family’s next generation.
May 10, 2014 2:29 a.m. ET
Watches are my family legacy, somehow imbued with a deep and emotional bond shared between my father and me, and now between me and my children. It all began when I was 10 years old. My father was a coin collector and I, having already inherited the collecting bug from him, had built my own small collection of coins and baseball cards. Read more of this post
May 15, 2014 Leave a comment
Aging Indonesia Oil Fields Risk Bond Supply Shock
By Yudith Ho & Fitri Wulandari on 12:04 pm May 06, 2014
May 15, 2014 Leave a comment
In China’s Xinjiang, Economic Divide Seen Fueling Ethnic Unrest
By Michael Martina on 01:37 pm May 07, 2014
Urumqi, China. Hundreds of migrant workers from distant corners of China pour daily into the Urumqi South railway station, their first waypoint on a journey carrying them to lucrative work in other parts of the far western Xinjiang region. Read more of this post
May 15, 2014 Leave a comment
The Rise of Antibiotic Resistance
By THE EDITORIAL BOARDMAY 10, 2014
The World Health Organization has surveyed the growth of antibiotic-resistant germs around the world — the first such survey it has ever conducted — and come up with disturbing findings. In a report issued late last month, the organization found that antimicrobial resistance in bacteria (the main focus of the report), fungi, viruses and parasites is an increasingly serious threat in every part of the world. “A problem so serious that it threatens the achievements of modern medicine,” the organization said. “A post-antibiotic era, in which common infections and minor injuries can kill, far from being an apocalyptic fantasy, is instead a very real possibility for the 21st century.” Read more of this post
May 15, 2014 Leave a comment
Masala Dosa to Die For
By ROLLO ROMIGMAY 7, 2014
P. Rajagopal, center, at home surrounded by his staff. CreditMahesh Shantaram for The New York Times
May 15, 2014 Leave a comment
The Peril of Knowledge Everywhere
MAY 10, 2014, 1:16 PM Comment
Thanks to advances in technology, we may soon revisit a question raised four centuries ago: Are there things we should try not to know? 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 