Academic prestige: Why climb the greasy pole? Getting a job at a top university will not make you a better researcher

Academic prestige: Why climb the greasy pole? Getting a job at a top university will not make you a better researcher

May 10th 2014 | From the print edition

MOST academics would view a post at an elite university like Oxford or Harvard as the crowning achievement of a career—bringing both accolades and access to better wine cellars. But scholars covet such places for reasons beyond glory and gastronomy. They believe perching on one of the topmost branches of the academic tree will also improve the quality of their work, by bringing them together with other geniuses with whom they can collaborate and who may help spark new ideas. This sounds plausible. Unfortunately, as Albert-Laszlo Barabasi of Northeastern University, in Boston (and also, it must be said, of Harvard), shows in a study published in Scientific Reports, it is not true. Read more of this post

Genes and intelligence: The 3% solution; A potent source of genetic variation in cognitive ability has just been discovered

Genes and intelligence: The 3% solution; A potent source of genetic variation in cognitive ability has just been discovered

May 10th 2014 | From the print edition

PEOPLE are living longer, which is good. But old age often brings a decline in mental faculties and many researchers are looking for ways to slow or halt such decline. One group doing so is led by Dena Dubal of the University of California, San Francisco, and Lennart Mucke of the Gladstone Institutes, also in San Francisco. Dr Dubal and Dr Mucke have been studying the role in ageing of klotho, a protein encoded by a gene called KL. A particular version of this gene, KL-VS, promotes longevity. One way it does so is by reducing age-related heart disease. Dr Dubal and Dr Mucke wondered if it might have similar powers over age-related cognitive decline. Read more of this post

Culture and psychology: You are what you eat; Or, rather, what you grow to eat

Culture and psychology: You are what you eat; Or, rather, what you grow to eat

May 10th 2014 | From the print edition

THAT orientals and occidentals think in different ways is not mere prejudice. Many psychological studies conducted over the past two decades suggest Westerners have a more individualistic, analytic and abstract mental life than do East Asians. Several hypotheses have been put forward to explain this. Read more of this post

Exorbitant privilege: American and English law and lawyers have a stranglehold on cross-border business. That may not last

Exorbitant privilege: American and English law and lawyers have a stranglehold on cross-border business. That may not last

May 10th 2014 | From the print edition

IN 2012 ICBC, a state-controlled Chinese company that is the world’s most valuable bank, bought four-fifths of the Argentine subsidiary of Standard Bank, a South African firm. The deal was hailed as a leap forward for “South-South” co-operation—direct economic ties between emerging markets. But one group of rich-world middlemen got a slice of the action: lawyers. ICBC was represented by Linklaters, an English firm, and Standard Bank by Jones Day, an American one. The deal was made under English law, with any differences to be settled in an English arbitration centre.

image001 Read more of this post

Hotel tycoon says Taiwan needs more ‘doers’

Hotel tycoon says Taiwan needs more ‘doers’
Saturday, May 10, 2014
By John Liu ,The China Post

TAIPEI, Taiwan — In a speech given at Academia Sinica yesterday, five-star hotel president Stanley Yen (嚴長壽) pointed out that Taiwan needs more “doers” and has a great need for public servants with international perspectives. Read more of this post

Acer spokesman faces insider trading charges

Acer spokesman faces insider trading charges

CNA
May 10, 2014, 12:00 am TWN

XA

TAIPEI — Two employees of Taiwan’s Acer Inc. (宏碁) and three other people were charged Friday by the New Taipei District Prosecutors Office as part of a probe into insider trading of the PC manufacturer’s shares. Read more of this post

Sun sets on Spaniards’ foiled solar power dreams

Sun sets on Spaniards’ foiled solar power dreams
Monday, May 12, 2014
By Katell Abiven, AFP

ALBACETE, Spain–“The sun could be yours,” the Spanish government promised in 2007, encouraging citizens to invest in solar power. Many who did now wish they could give it back. Read more of this post

Stan Shih, founder of Taiwan’s struggling personal computer maker Acer, will retire as chairman next month, six months after he returned to launch reforms

Acer founder Shih now programmed for retirement
Monday, May 05, 2014
Stan Shih, founder of Taiwan’s struggling personal computer maker Acer, will retire as chairman next month, six months after he returned to launch reforms. Read more of this post

Tricky times loom for mainland banks as trust products mature

Tricky times loom for mainland banks as trust products mature
Monday, May 05, 2014
The big four state-owned banks recently announced their first-quarter performances.

Apart from Industrial and Commercial Bank of China (1398), the others saw double-digit growth in profit. But the ideal earning performance cannot eliminate investors’ concerns over mainland banking risk. Read more of this post

China Lumena will be removed from the Hang Seng Composite Index after its chairman and its controlling shareholder apparently absconded with 10 billion yuan of company funds

Lumena fades off from benchmarks 
Imogene Wong
Thursday, May 08, 2014
China Lumena New Materials Corp (0067) will be removed from the Hang Seng Composite Index after its chairman and its controlling shareholder apparently absconded with 10 billion yuan (HK$12.4 billion) of company funds. Read more of this post

Internet giant Tencent (0700) has attracted 80 billion yuan (HK$99.6 billion) for its wealth management product Licaitong in less than four months since its launch

Tencent chasing 
Wednesday, May 07, 2014
Internet giant Tencent (0700) has attracted 80 billion yuan (HK$99.6 billion) for its wealth management product Licaitong in less than four months since its launch, taking its daily inflow to 727 million yuan. Read more of this post

Several employees at the local office of global accounting giant PwC fear there are recruiting practices in the pipeline that could load them up with work

Accountants fear idea of interns in numbers game
Staff reporter
Wednesday, May 07, 2014
Several employees at the local office of global accounting giant PwC fear there are recruiting practices in the pipeline that could load them up with work. Read more of this post

The US lawyer bubble has conclusively popped

The US lawyer bubble has conclusively popped

By Max Nisen @MaxNisen May 7, 2014

Law schools aren’t just facing a momentary downturn. The industry has to deal with the fact that the world simply needs far fewer lawyers. Read more of this post

The partners who control Alibaba are anonymous and all-powerful

The partners who control Alibaba are anonymous and all-powerful

By Heather Timmons @HeathaT May 7, 2014

Update: A source close to the company told Quartz after this article was published that the company’s updated IPO filing in about six weeks is expected to name the board of directors and the partners. Read more of this post

Voodoo Investment Strategies: Mathematicians on the attack

Voodoo Investment Strategies

Mathematicians on the attack.

By John Rekenthaler | 05-08-14 | 10:45 AM | Email Article

Firing a Broadside
Immediately after I finished yesterday’s column on technical analysis, a related paper landed on my desk: “Pseudo-Mathematics and Financial Charlatanism: The Effects of Backtest Overfitting on Out-Of-Sample Performance.” Read more of this post

A Dozen Things I have Learned from Howard Schultz

A Dozen Things I have Learned from Howard Schultz

25iq  

1. “Success is best when it’s shared.”  “Culture and values trumps strategy.” “Business is a team sport.” “Service is a lost art in America.  It’s not viewed as a professional job to work behind a counter. We don’t believe that. We want to provide our people with dignity and self-esteem, so we offer tangible benefits.”

Read more of this post

Alibaba Dominates Mobile Commerce In China, With 76% Of All Sales And 136M MAUs

Alibaba Dominates Mobile Commerce In China, With 76% Of All Sales And 136M MAUs

Posted May 6, 2014 by Ingrid Lunden (@ingridlunden)

Mobile is mentioned a grand total of 254 times in Alibaba’s IPO filing out today – underscoring the influence that phones and tablets have on Alibaba’s business today and will have in the future. Read more of this post

Seoul’s financial hub facing exodus of firms

Seoul’s financial hub facing exodus of firms

May 12,2014

image001-1 image002 Read more of this post

Nearly 23 percent of South Korea’s listed companies with over one trillion won ($973.7 million) annual sales failed to earn enough from business operations to cover interest expense

23% of S. Korean firms with over $970mn revenue make profit short of interest expense

2014.05.07 14:55:49

Nearly 23 percent of South Korea’s listed companies with over one trillion won ($973.7 million) annual sales failed to earn enough from business operations to cover interest expense last year due to recession.  Read more of this post

Tech Stocks Crumble As The Market Demands What They Can’t Deliver

Tech Stocks Crumble As The Market Demands What They Can’t Deliver

Posted May 7, 2014 by Alex Wilhelm (@alex)

It’s a nasty day for technology companies in the public markets, as aging giants like AOL are falling right alongside upstarts with larger market caps like Twitter and Groupon that are popping negative. Read more of this post

Alibaba’s IPO Means Consumer Tech Innovations From Asia Can’t Be Ignored Anymore

Alibaba’s IPO Means Consumer Tech Innovations From Asia Can’t Be Ignored Anymore

Posted May 6, 2014 by Catherine Shu (@catherineshu)

Asia’s tech companies still have a reputation in the West for being copycats. But Alibaba’s massive IPO is proof that consumer tech innovations from Asia can no longer be ignored. Read more of this post

S. Korea’s credit card usage No.1 among major nations

S. Korea’s credit card usage No.1 among major nations

2014.05.11 14:51:58

South Korea topped the list in terms of the frequency of credit card use among major nations around the world. Korea ranked third in per-capita credit card spending.

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