A desire to love and be loved

Updated : 2014-05-23 17:14

A desire to love and be loved

Kim Song-rhei

It is said that every person has a desire tolove and to be loved in return. However, Ihave heard from a philosopher whoemphasized that those who desire to lovesomeone more than to be loved feel muchhappier.  Read more of this post

The Korean financial watchdog to phase out financial holding companies amid a recent conflict between KB Financial Group and Kookmin Bank

Updated: 2014-05-22 19:09

FSC to phase out holding firms

By Chung Ah-young

The financial watchdog will strengthen restrictions on the authority offinancial holding companies amid a recent conflict between KB Financial Group and Kookmin Bank.  Read more of this post

Hyundai heir focuses on emerging markets

Updated : 2014-05-22 20:47

Hyundai heir focuses on emerging markets

Hyundai Motor Group Vice Chairman Chung Eui-sun is apparently seeking to find new momentum in emerging markets in Asia and South America where demand for cars is growing fast. Read more of this post

Engineers seen as ‘less intelligent’, warns Royal Academy; Children are ‘natural engineers’, says Royal Academy of Engineering report, but warns these innate skills are not valued by education system

Engineers seen as ‘less intelligent’, warns Royal Academy

Children are ‘natural engineers’, says Royal Academy of Engineering report, but warns these innate skills are not valued by education system

By Alan Tovey, Jobs Editor

7:01AM BST 23 May 2014

Britain will never solve its skills crisis unless the education system is redesigned to stop it “extinguishing” engineering abilities in youngsters. Read more of this post

Beware Path Dependence: Being cognizant of the mental paths that constrain us is crucial if our individual thinking is to be rigorous

Beware Path Dependence

by Ted Cadsby | May 23, 2014

Being cognizant of the mental paths that constrain us is crucial if our individual thinking is to be rigorous

In workplace groups, cognitive diversity usually trumps IQ; but not unconditionally.  Research by complexity scientist Scott Page demonstrates that a team of diverse thinkers tackling a problem will outperform the smartest individual in a group. The cognitive biases and limitations of even the smartest individual are usually no match for a group of minds correcting and building on one another. But this impressive benefit of team thinking is completely lost if its members are unwilling to challenge each other.  Read more of this post

Here’s Why Some Apple Employees Didn’t Get Along With Steve Jobs; He was just passionate about making every Apple product the best it could be, and was confused when others working at the company didn’t share his vision

Here’s Why Some Apple Employees Didn’t Get Along With Steve Jobs

LISA EADICICCO TECH  MAY. 23, 2014, 12:32 AM

Mark Kawano, who worked as a senior designer at Apple for seven years before taking on the company’s User Experience Evangelist role, debunked a few key design myths about Apple in a recent interview with Fast CompanyRead more of this post

Indonesian Govt Urged to Stick to ‘Asean Way’ Despite Thai Military Coup

Indonesian Govt Urged to Stick to ‘Asean Way’ Despite Thai Military Coup

By Erwida Maulia & Dessy Sagita on 09:25 pm May 22, 2014

  1.  Foreign affairs experts said Indonesia should stay out of Thailand’s domestic affairs despite the escalating situation in the country after that country’s military’s announcement on Thursday that it was taking power in a coup d’etat.

Read more of this post

Singapore Braces for Worsening “Haze” as Indonesia Fails to Halt Slash-and-Burn Clearances

Singapore Braces for Worsening “Haze” as Indonesia Fails to Halt Slash-and-Burn Clearances

By Rujun Shen on 03:43 pm May 22, 2014

  1.  The Lion City is approaching its yearly “haze” season, when smoke from forest clearing in Indonesia chokes the air, with this year likely to be worse than 2013′s record pollution thanks to lack of action in Jakarta and an expected El Nino weather pattern.

Read more of this post

This Simple Technique Can Supercharge Your Productivity

This Simple Technique Can Supercharge Your Productivity

RICHARD FELONI STRATEGY  MAY. 22, 2014, 11:58 PM

When he was still a college student in the late 1980s, Italian entrepreneur Francesco Cirillo developed a simple study habit that maximized his productivity and reduced a feeling of burnout. Read more of this post

Flipkart, India’s largest ecommerce company, announced the acquisition of Myntra, a specialised fashion e-retailer

May 22, 2014 11:29 pm

Flipkart buys Myntra in fashion drive

By Amy Kazmin in New Delhi and James Crabtree in Mumbai

Flipkart, India’s largest ecommerce company, announced the acquisition of Myntra, a specialised fashion e-retailer, on Thursday, as it gears up to face intensifying competition in the country’s rapidly growing internet retail market. Read more of this post

Panasonic is considering bringing some of its manufacturing back to Japan, in what would be a rare reversal of Japanese companies offshoring production to China and other Asian countries with lower production costs

Last updated: May 22, 2014 4:27 pm

Panasonic considers bringing production back to Japan

By Jennifer Thompson and Jonathan Soble in Tokyo

Panasonic is considering bringing some of its manufacturing back to Japan, in what would be a rare reversal of Japanese companies offshoring production to China and other Asian countries with lower production costs. Read more of this post

Weibo and Renren highlight troubles facing Chinese web groups

May 22, 2014 9:19 am

Weibo and Renren highlight troubles facing Chinese web groups

By Sarah Mishkin in San Francisco

Two of China’s biggest tech companies have unveiled weak numbers in an echo of some of the earnings disappointments coming from their US peers. Read more of this post

Japan’s trading houses shift focus; The recent tumble in the price of iron ore, a vital steelmaking ingredient, has probably been worrying for Japan’s leading trading houses, the sogo shosha

May 22, 2014 8:16 am

Japan’s trading houses shift focus

By Emiko Terazono

Resources will take a smaller piece of the new investment pie

The recent tumble in the price of iron ore, a vital steelmaking ingredient, has probably been worrying for Japan’s leading trading houses, the sogo shosha. Read more of this post

Dollar Tree buoyed by consumer polarisation

Last updated: May 22, 2014 7:27 pm

Dollar Tree buoyed by consumer polarisation

By Eric Platt in New York

A polarisation of the American economy, which has been supportive of top earners but pushed many middle-income earners into more cautious buying habits, was on display as retailers catering to both to high- and low-income spenders outperformed those focused on the middle. Read more of this post

The macroprudential model back on the financial catwalk; Policy ideas that seem terribly old fashioned to one generation have a habit of being reborn

May 22, 2014 6:08 pm

The macroprudential model back on the financial catwalk

By Gillian Tett

Policy ideas that seem terribly old fashioned to one generation have a habit of being reborn Read more of this post

British companies that bribe foreign officials to win contracts, commit fraud, or launder money, face fines of up to 400 per cent of their illicit profits, under new penalty guidelines

May 22, 2014 11:57 pm

Corrupt companies face fines of 400% of illicit profits

By Caroline Binham, Legal Correspondent

British companies that bribe foreign officials to win contracts, commit fraud, or launder money, face fines of up to 400 per cent of their illicit profits, under new penalty guidelines. Read more of this post

The perils of Asia’s nationalist power game; Modi completes a quartet of combative leaders in the most powerful nations of the region

May 22, 2014 7:12 pm

The perils of Asia’s nationalist power game

By Philip Stephens

Modi completes a quartet of combative leaders in the most powerful nations of the region

India has a new prime minister; and each of Asia’s four most powerful nations is now led by a combative nationalist. The multilateralist assumptions of the postwar order are giving way to a return to great power competition. Nationalism is on the march, and nowhere more so than in the rising east. Read more of this post

Scientists Warn of Melting Ice Sheet, Rising Sea Level; Melt Happening Faster Than Expected; Researchers Point to Broad Climate Change as Cause

Scientists Warn of Melting Ice Sheet, Rising Sea Level

Melt Happening Faster Than Expected; Researchers Point to Broad Climate Change as Cause

ROBERT LEE HOTZ

Updated May 12, 2014 7:34 p.m. ET

Six rapidly melting glaciers in Antarctica are destabilizing one of the world’s largest ice sheets, a process which, if unchecked, could release enough water to raise sea levels world-wide significantly in centuries to come, two groups of scientists said Monday. Read more of this post

When Not Even The “1%” Can Afford College

When Not Even The “1%” Can Afford College

Tyler Durden on 05/12/2014 15:51 -0400
Since in America one now needs a Bachelor’s degree (if not a PhD in economics, of course) to get a job as a waiter, according to the following chart the US may soon have a severe waiter shortage considering the cost of college tuition has outpaced even the income of the 1%. As for everyone else, forget it – want that French Polynesian belly-dancing major? Prepare to become a debt slave for life. Read more of this post

How China Is Eclipsing Japan in Asia

May 13, 2014

How China Is Eclipsing Japan in Asia

China’s latest tangle with Vietnam plays into Japan’s bid to ramp up influence in Asia, as Tokyo offers leadership to counter Beijing’s saber-rattling. (Herehere and here.) Read more of this post

Learning from New York City’s open-data effort: Finding the technology needed to make data truly open is easy. Breaking down barriers to change and helping users understand the information takes work

Learning from New York City’s open-data effort

Finding the technology needed to make data truly open is easy. Breaking down barriers to change and helping users understand the information takes work. Read more of this post

Alibaba’s Jack Ma: “The relationship between investors and entrepreneurs is like a couple’s, nobody can say who is taking advantage of the other”

Alibaba’s Jack Ma: investors and entrepreneurs like husbands and wives

3:17am EDT

BEIJING (Reuters) – Jack Ma, the founder and executive chair of Alibaba Group Holding, said investors and entrepreneurs can fall out like domestic couples squabbling over their children in a blog post published late on Monday as the Chinese e-commerce juggernaut prepares for its blockbuster initial public offering. Read more of this post

Taxing times for pachinko as Japan considers casino gamble

Taxing times for pachinko as Japan considers casino gamble

10:43am IST

By Farah Master and Nathan Layne

OSAKA/TOKYO (Reuters) – Moves towards legalising casinos in Japan have reignited a debate over the legal status of pachinko, with a potential new tax mooted for a $200 billion gaming industry that has existed for decades on the fringes of the law. Read more of this post

Beijing plans new $14 billion airport to ease congestion at its overcrowded air travel gateway, already the world’s second-busiest

Beijing Plans to Spend $14 Billion on Second Airport

New Airport Expected to Open in 2018

JOANNE CHIU

May 13, 2014 8:17 a.m. ET

HONG KONG—Beijing plans to spend around US$14 billion to build a new airport in the outskirts of the nation’s capital to relieve congestion at its overcrowded air travel gateway, already the world’s second-busiest. Read more of this post

China demand for luxury furniture ‘decimating rosewood’

China demand for luxury furniture ‘decimating rosewood’

Monday, May 12, 2014 – 21:06

AFP

BANGKOK – Runaway Chinese demand for luxury furniture is spurring illegal logging across Southeast Asia, stripping the region of precious Siamese rosewood and driving a chain of cross-border corruption and violence, environmentalists said Monday. Read more of this post

10 Cognitive Biases that Can Trip Up Finance; CFOs should urge their teams to consciously try to overcome these dangerous predispositions

May 22, 2014

CFO.com | US

10 Cognitive Biases that Can Trip Up Finance

CFOs should urge their teams to consciously try to overcome these dangerous predispositions.

David McCann

Because CFOs are not actually superhuman, but just people like everyone else, they too are subject to a lengthy list of cognitive biases that influence our decisions and actions. In the corporate finance context, these biases, if unchecked, can have devastating consequences for company performance. Read more of this post

Special report: The power struggle behind China’s corruption crackdown

Special report: The power struggle behind China’s corruption crackdown

8:46pm EDT

By Benjamin Kang Lim, David Lague and Charlie Zhu

BEIJING/HONG KONG (Reuters) – Liu Han seemed to thrive in the company of officials.

Even a birthday party in 2011 for Liu’s primary-school aged son drew a crowd of bureaucrats in Chengdu, the capital of China’s western Sichuan province where the flamboyant mining tycoon was based. “There was a mayor of a nearby city with a population of three or four million,” recalls Australian political lobbyist John Halden who helped win approval for Liu’s mining investments in Western Australia and was invited to the October 15 celebration. “There were senior people from the provincial treasury and about seven or eight officials from the city of Chengdu.” Read more of this post

VCs eye big cloud software returns despite dwindling valuations

VCs eye big cloud software returns despite dwindling valuations

6:41pm EDT

By Sarah McBride

SAN FRANCISCO (Reuters) – A cloud software boom has nudged startups into unlikely realms such as dairy farms, yoga studios and back-of-the-building loading docks, leading venture capitalists to hope for stratospheric returns. Read more of this post

China’s Rising ‘Working Class Insurrection’ Problem

China’s Rising ‘Working Class Insurrection’ Problem

Tyler Durden on 05/22/2014 20:27 -0400

Last week we highlighted the stunning images of China’s “fists and daggers” police force training for a “working class insurrection.” It appears to be good timing, given last night’s terrible blasts in Urumqi. The chart below shows the worrying escalation in social unrest in China – at a time when the leadership is pushing a “strike first” anti-terrorist policy that appears to be failing badly. The “serious violent terrorist incident” that occurred last night in Urumqi, killing 31 and injuring 94, was the worst in years and prompted domestic security chief Meng Jianzhu to vow to strengthen a crackdown on the “arrogance of terrorists,” but, as one analyst warns tightening controls on the Uighur region may be “smacking them in the face.” Read more of this post

“Our Industry Is Absolutely Crazy”: The Subprime Wolf Of Wall Street In 125% Interest Clothing

“Our Industry Is Absolutely Crazy”: The Subprime Wolf Of Wall Street In 125% Interest Clothing

Tyler Durden on 05/22/2014 18:07 -0400

The last time we wrote about the number 125% it was in the context of the return of that old Subprime 1.0 staple home loans that cover more than the purchase price of the home (because one must always have some leftover cash for improvements), i.e. 125% loan-to-value mortgages. Today 125% comes back and again it is in the context of subprime, only this time it is about the second coming of the credit bubble when, as Bloomberg writes, a certain group of distinguished individuals is now offering loans to troubled Americans at the whopping annual interest rate of 125%. Read more of this post