Evening Bamboo Insight: 02/07/2014

Evening Bamboo Insight

Macro

1. Regulator says ‘crony capitalism’ undermines Italy’s economy

http://www.ft.com/intl/cms/s/0/b4a80580-005f-11e4-8aaf-00144feab7de.html

2. A proposal to require auditors to disclose “critical audit matters” in their reports has generated apprehension among audit firms and pushback from CFO

http://ww2.cfo.com/auditing/2014/07/nothing-critical/view-all/

3. Finance Principles Apply to CEO Succession; Counterintuitively, a poorly performing company should look inside for its next CEO, research suggests

http://ww2.cfo.com/leadership/2014/07/finance-principles-apply-ceo-succession/view-all/

4. Study On How Investment Horizon Impacts Corporate Decision-Making

http://public-prod-acquia.gsb.stanford.edu/sites/default/files/2014_Investment-Horizon-Final_0.pdf

Asia Pacific

1. “House-for-pension” a bitter option in graying China http://news.xinhuanet.com/english/indepth/2014-07/01/c_126692496.htm?utm_source=The+Sinocism+China+Newsletter&utm_campaign=f7791df4c2-Sinocism07_01_14&utm_medium=email&utm_term=0_171f237867-f7791df4c2-29575541&mc_cid=f7791df4c2&mc_eid=826a915859

2. German Auto Parts Provider Decides China Market beyond Repair; For three years Stahlgruber tried to standardize the industry, but was unable to thrive in ‘chaotic’ market

http://english.caixin.com/2014-06-30/100697596.html?utm_source=The+Sinocism+China+Newsletter&utm_campaign=f7791df4c2-Sinocism07_01_14&utm_medium=email&utm_term=0_171f237867-f7791df4c2-29575541&mc_cid=f7791df4c2&mc_eid=826a915859

3. Infosys’ New CEO Will Have to Work Harder to Establish Moral Ground: Shibulal

http://forbesindia.com/article/exit-interview/infosys-new-ceo-will-have-to-work-harder-to-establish-moral-ground-shibulal/38098/1

4. Why Hong Kong’s Entrepreneurial Reputation Is Growing

http://www.forbes.com/sites/freddiedawson/2014/06/30/why-hong-kongs-entrepreneurial-reputation-is-growing/print

5. Hundreds of thousands of protesters, some waving colonial-era flags and chanting anti-Beijing slogans, staged a pro-democracy march in rain-soaked Hong Kong that organisers say could be the largest since the city was handed back to China

http://www.channelnewsasia.com/news/asiapacific/thousands-gather-for-hong/1226088.html#

http://www.reuters.com/article/2014/07/01/us-hongkong-protests-idUSKBN0F632A20140701

6. Direct Elections Are Un-Indonesian: if elected, he would begin the process of winding back the electoral system in favor of a “consultative” approach he says is more in keeping with Indonesian cultural traditions

http://www.thejakartaglobe.com/news/direct-elections-un-indonesian-prabowo/

7. China-Taiwan relations: Big brother comes wooing

http://www.economist.com/blogs/analects/2014/07/china-taiwan-relations

8. Inquiry into Qingdao Company’s Loans Backed by Metals Collateral Continues

http://english.caixin.com/2014-07-01/100698198.html

9. The founder and chief executive of Town Health International Medical Group (3886) has set up Hong Kong’s first 24-hour clinic in 1998.

http://www.thestandard.com.hk/news_detail.asp?we_cat=16&art_id=146862&sid=42537971&con_type=3&d_str=20140630&fc=1

1. HK Financial Secretary John Tsang Chun-wah: Housing curbs ‘must be retained’

http://www.thestandard.com.hk/news_detail.asp?pp_cat=30&art_id=146897&sid=42537618&con_type=1

11. Robots make up for China’s manual labor shortages

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140630000078&cid=1205

12. Song Kehuang, son of Communist Party elder Song Renqiong

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140630000049&cid=1601

13. Property deals through China’s ‘shadow banks’ worry Australia

http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1203&MainCatID=12&id=20140628000129

14. Taiwan’s underground economy at 28% of GDP is proportionally larger than China’s 14%

http://www.chinapost.com.tw/print/411375.htm

15. Ex-Yuanta chiefs get time in jail for breach of trust

http://www.chinapost.com.tw/print/411357.htm

16. Dongbu Group’s liquidity woes derive from a typical weakness of Korea Inc. – a phobia of restructuring. If a company becomes weak, it must regain its health from a new diet and rehabilitation

http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=2991387

17. Gov’t lifts veil on how chaebol employ temps; One out of five employees working for Korea’s conglomerates are temporary workers

http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=2991444

18. The commercial property market in South Korea is chilling out as financial companies such as banks, insurers and brokerages started winding down and merging branches

http://news.mk.co.kr/english/newsRead.php?sc=30800016&cm=Finance&year=2014&no=946497&selFlag=sc&relatedcode=&wonNo=&sID=308

19. CBA tellers driven to despair by hard sell to chase sales targets which is leading to fraud; CBA was the “biggest and the baddest” of the banks. “Staff have to up-sell and on-sell products and services and debt to consumers”

http://www.smh.com.au/business/cba-tellers-driven-to-despair-by-hard-sell-20140630-3b4ca.html#ixzz36FuZ4e2I

 

Life

1. Clues to Teaching Young Children to Tell the Truth; A Study of Lying Involving George Washington, ‘Pinocchio’ and ‘The Boy Who Cried Wolf’

http://online.wsj.com/articles/clues-to-teaching-young-children-to-tell-the-truth-1404167647?mod=WSJ_hpp_MIDDLENexttoWhatsNewsFifth

2. The Evolution of Trust; The evolution to more frugal, deinstitutionalized living that has created the sharing economy may also lead to less involvement of government in everyday life

http://www.nytimes.com/2014/07/01/opinion/david-brooks-the-evolution-of-trust.html?emc=edit_th_20140701&nl=todaysheadlines&nlid=36114517&_r=0

3. The Untethered Soul: The Journey Beyond Yourself

www.untetheredsoul.com

4. Don’t Let All of Indonesia’s Birds Become Mythical Creatures; The Garuda is a reference to both Indonesia’s Hindu and Buddhist past, as well as to the cultural importance of birds in this country

http://www.thejakartaglobe.com/opinion/dont-let-indonesias-birds-become-mythical-creatures/

5. What Makes People Follow Reluctant Leaders

http://blogs.hbr.org/2014/06/what-makes-people-follow-reluctant-leaders

6. The rickshaw puller who saved Lee Kuan Yew

http://news.asiaone.com/news/singapore/rickshaw-puller-who-saved-lee-kuan-yew

7. Stiglitz: Inequality Is Not Inevitable

http://opinionator.blogs.nytimes.com/2014/06/27/inequality-is-not-inevitable/?_php=true&_type=blogs&ref=opinion&_r=0

8. Give the geniuses a reason to make earth a better place; It should not take fear to make us motivate talents to improve our lives, says John Llewellyn

http://www.ft.com/intl/cms/s/0/cf88b3c8-004f-11e4-a3f2-00144feab7de.html#axzz36EUm9joK

9. Founders, fathers and daughters; Women are taking power at family businesses set up by their dads

http://www.ft.com/intl/cms/s/0/b13b942c-003f-11e4-8aaf-00144feab7de.html#axzz36EUm9joK

TMT

1. For Alibaba, a challenge is to turn mobile into money

http://www.reuters.com/article/2014/06/30/uk-alibaba-group-mobile-idUSKBN0F52K620140630

2. Mobile Games Help Messaging Apps Succeed; Runaway Game Hits Like Cookie Run are Helping Messaging Apps From KakaoTalk to Line

http://online.wsj.com/articles/how-mobile-games-help-messaging-apps-succeed-1404182365

3. Research Labs Jump to the Cloud; Startups Use Software, Robots to Slash Costs for Basic Experiments

http://online.wsj.com/articles/research-labs-jump-to-the-cloud-1404168036

4. How a little open source project came to dominate big data

http://fortune.com/2014/06/30/hadoop-how-open-source-project-dominate-big-data/

5. Burberry, Estee Lauder encounter initial obstacles on Tmall; the return rate during the first 18 days of operations had touched 26.4%.

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140701000147&cid=1206

6. Telecoms: Scrambled signal; The fragmented mobile phone industry undermines Europe’s single-market dream

http://www.ft.com/intl/cms/s/0/8e4c0c18-002f-11e4-a3f2-00144feab7de.html#axzz36EUm9joK

7. How Jeff Bezos Created One Of The Most Admired And Feared Companies In The World

http://www.businessinsider.sg/amazons-jeff-bezos-2014-6/#.U7Lgh_mSxqU

8. Yik Yak, A 7-Month-Old School Gossip App That’s Spreading Like Crazy, Has Raised $10 Million

http://www.businessinsider.sg/yik-yak-raises-10-million-2014-6/#.U7LhwPmSxqU

9. Murdoch’s ambitions may take center stage in Sun Valley

http://www.reuters.com/article/2014/07/01/us-conference-murdoch-idUSKBN0F63TF20140701?feedType=RSS&feedName=technologyNews

Health

1. New Weapon in Fight Against ‘Superbugs’; A soil sample from a national park in eastern Canada has produced a compound that appears to reverse antibiotic resistance in dangerous bacteria

http://online.wsj.com/articles/new-weapon-in-fight-against-superbugs-1404175658?mod=WSJ_hpp_MIDDLENexttoWhatsNewsFifth

Consumer

1. La Senza goes into administration; Lingerie chain says it has no alternative to administration, putting 752 UK jobs at risk, due to difficult trading conditions

http://www.theguardian.com/business/2014/jul/01/la-senza-goes-into-administration-lingerie-chain

Investing Process

1. Buffett’s Early Investments

http://basehitinvesting.com/buffetts-early-investments/?utm_source=feedly&utm_reader=feedly&utm_medium=rss&utm_campaign=buffetts-early-investments