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Piketty: A Wealth of Misconceptions; Capital in the Twenty-First Century, Thomas Piketty’s thoughtful manifesto, sadly gets capitalism all wrong

Piketty: A Wealth of Misconceptions

Capital in the Twenty-First Century, Thomas Piketty’s thoughtful manifesto, sadly gets capitalism all wrong.

GENE EPSTEIN

May 31, 2014 12:39 a.m. ET

Reviewed by Donald J. Boudreaux

Thomas Piketty’s Capital in the Twenty-First Century might soon stand with Karl Marx’sCapital, which inspired its title, as one of the most influential economic masterworks of the past 150 years. But sad to say, this 696-page tome, ably translated by Arthur Goldhammer, is no more enlightening about capitalism in the 21st century than Marx’sCapital was about capitalism in the 19th century. Read more of this post

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The Simplest Way to Build Trust; In 1914, British and German men who had hours before been trying to kill each other were now sharing trinkets and family photos in complete trust that no violence would occur

The Simplest Way to Build Trust

by David DeSteno  |   1:00 PM June 2, 2014

In the midst of an intense negotiation, it’s hard to know what’s motivating the person across the table — is he willing to cooperate with you to meet both your interests or does he only want to serve his? You need to build trust with your counterpart so you can align your interests and increase the likelihood that he will honor his commitments.

A powerful way to establish trust is to employ one of the mind’s most basic mechanisms for determining loyalty: the perception of similarity. If you can make someone feel a link with you, his empathy for and willingness to cooperate with you will increase. Read more of this post

Billionaire Michael Kors: “I always take two gold watches along with me. One real, another not real. Just in case I lose one.”

Dressing for the fast life

Monday, June 2, 2014 – 09:25

Gladys Chung

Urban, The Straits Times

American designer and jet-setter Michael Kors never leaves home without three things.

First, his aviator sunglasses.

“You need them when you don’t look so fresh. And every woman looks like Angelina Jolie when they put on a pair.”

Next, a beautiful black jacket “that is perfect for all four seasons”. Read more of this post

How Narendra Modi was able to clear the hurdle of suspicions over his role in Gujarat’s anti-Muslim riots is a fascinating case study

Updated: Tuesday June 3, 2014 MYT 7:00:09 AM

Lessons from India

BY KARIM RASLAN

How Narendra Modi was able to clear the hurdle of suspicions over his role in Gujarat’s anti-Muslim riots is a fascinating case study.

INDIA is on the cusp of immense change. The election of Narendra Modi – an unthinkable outcome as recently as a year ago – will alter Asian, if not global, politics.

The 63-year-old is now at the helm of a 1.2 billion-strong nation. How he manages them will have an enormous impact. Read more of this post

Making a painless transition in IFRS convergence in Singapore

PUBLISHED JUNE 03, 2014

Making a painless transition in IFRS convergence

MAK KEAT MENG

ON May 29, 2014, the Singapore Accounting Standards Council (ASC) announced that Singapore-incorporated companies listed on the Singapore Exchange (SGX) will apply a new financial reporting framework identical to the International Financial Reporting Standards (IFRS) in 2018. Read more of this post

Review rules on takeovers and privatisations in Singapore

PUBLISHED JUNE 03, 2014

LETTER TO THE EDITOR

Review rules on takeovers and privatisations

MICHAEL Dee has written two very good analyses on the recent takeover offer for CapitaMalls Asia (CMA) by Capitaland (CL): “CMA shareholders should stand their ground against ‘fair offer'” in BT of April 22 and “Offer for CMA is still undervalued” in BT of May 29. All his points are very pertinent and can be equally applied to other recent takeover attempts, including that of LCD Global Investments (LCD) by RDL Investments (RDL). Read more of this post

Murthy’s return sparks year of change at Infosys; At least 10 executives have quit since founder retook helm

June 2, 2014 9:59 am

Murthy’s return sparks year of change at Infosys

By Avantika Chilkoti in Mumbai

Imagine a ship where the crew jump overboard just as the captain returns to the bridge. At least 10 senior executives have quit Infosys since Narayana Murthy, co-founder and outsourcing pioneer, returned to the Indian software group a year ago to shore up the troubled business.

BG Srinivas, Infosys president, last week became the most recent member of the top brass to resign, adding to the instability that has complicated Mr Murthy’s task. Mr Srinivas did not give a reason for his departure, and has subsequently accepted a job at Hong Kong telecoms group PCCW. Read more of this post

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