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Evening Bamboo Insight – 04/07/2014

Evening Bamboo Insight – 04/07/2014

Macro

1. Can Sweden avert ‘Nordic Japan’ fate?

http://www.cnbc.com/id/101810641

Asia Pacific

1. (Australia/Commodities) – The launch of a new futures exchange in Australia is the latest sign that water is becoming a speculative commodity, just like crude oil

http://fortune.com/2014/06/25/water-futures-markets/

2. (Australia) – Multibillion-Dollar Bet on Australian Gambling Hits Snag

http://online.wsj.com/articles/multibillion-dollar-bet-on-australian-gambling-hits-snag-1404354094?mod=WSJ_LatestHeadlines

3. (Asean) – Growth in Asean: in the shadow of China

http://blogs.ft.com/beyond-brics/2014/07/02/growth-in-asean-in-the-shadow-of-china/

4. (China) – China M&A rulings create hot competition for antitrust lawyers

http://www.reuters.com/article/2014/07/02/us-china-competition-lawyers-idUSKBN0F72FI20140702

5. (China) – China gets tougher on SOE corruption

http://news.xinhuanet.com/english/china/2014-07/02/c_133455792.html

6. (China) – Secretive agency leads most intense anti-corruption effort in modern Chinese history

http://www.washingtonpost.com/world/asia_pacific/secretive-agency-leads-most-intense-anti-corruption-effort-in-modern-chinese-history/2014/07/02/48aff932-cf68-11e3-937f-d3026234b51c_story.html

7. (China/Consumer) – China’s Beer Drinkers Grab a Warm One as Coors Alters Can; Drinking cold liquids is widely seen as undesirable in China. Warmer beverages are considered healthier for digestion

http://www.bloomberg.com/news/print/2014-07-02/china-s-beer-drinkers-grab-a-warm-one-as-coors-alters-can.html

8. (China) – Chinese Bank Seizes Property After Company Defaults; Until Recently, Chinese Banks Typically Rolled Over Debts by Government-Backed Entities

http://online.wsj.com/articles/chinese-bank-seizes-property-after-company-defaults-1404381240?mod=asia_home

9. High Property Prices Drive New Zealand Immigration Debate; Smaller Parties Seek to Capitalize on Migrant Issue Ahead of Sept. 20 Election

http://online.wsj.com/articles/high-property-prices-drive-new-zealand-immigration-debate-1404366537

Life

1. How to Win By Doing Less; You might think successful investors are brilliant minds who calculate complicated things with precision. They rarely are. The best are more like baseball players, able to solve complicated problems by using simple rules

http://www.fool.com/investing/general/2014/07/02/how-to-win-by-doing-less.aspx

2. One Week, 3,000 Product Ideas; Quirky Inc., With Crowd-Sourced Advice, Is an Incubator for Inventions, Gadgets

http://online.wsj.com/articles/one-week-3-000-product-ideas-1404332942

3. The Renaissance We Need in Business Education

http://blogs.hbr.org/2014/07/the-renaissance-we-need-in-business-education/

4. B-Schools Take On the Family Business; New Programs Offer Classes in Succession Planning and Communication

http://online.wsj.com/articles/b-schools-take-on-the-family-business-1404327573?mod=WSJ_hpp_MIDDLENexttoWhatsNewsForth

TMT

1. Shares in Blinkx, the Aim-listed online video advertising company, lost half their value after profit warning, coming at a time of widespread concern about questionable practices in the online advertising industry.

http://www.ft.com/intl/cms/s/0/6a9c1bf2-01b3-11e4-bb71-00144feab7de.html#axzz36OChQZk6

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The Humble First Jobs Of 15 Highly Successful People

The Humble First Jobs Of 15 Highly Successful People

RICHARD FELONI CAREERS  JUL. 3, 2014, 2:45 AM

Warren Buffett: young and old.

It can be easy to see the world’s most powerful and influential people as occupying a sphere far removed from the rest us.

But many of the one-percent started off with conventional first jobs.

Goldman Sachs’ CEO Lloyd Blankfein, for example, grew up in the projects and made extra money at a concession stand in Yankee Stadium. Warren Buffett built his savings as a kid by delivering newspapers. And before she found her calling in media, Oprah Winfrey worked at a corner store.

We’ll take a look at 15 highly successful people who made the most of, but weren’t defined by, a modest first job.

Lloyd Blankfein sold snacks at Yankee Stadium.

As the CEO of Goldman Sachs, Blankfein is one of the most influential people on Wall Street.

But he worked his way up from the bottom. He grew up in Brooklyn housing projects and worked his first job as a concession vendor at Yankee Stadium.

Richard Branson was an amateur bird breeder and arborist.

Read more about the first jobs of successful people at http://www.businessinsider.sg/humble-first-jobs-of-successful-people-2014-7/#.U7UMwPmSxqU

Morning Bamboo Insight – 04/07/2014

Morning Bamboo Insight – 04/07/2014

Macro

1. The state as shareholder: Raison d’état; Other countries are selling off state-owned industries but France is trading up

http://www.economist.com/news/business/21605921-other-countries-are-selling-state-owned-industries-france-trading-up-raison-d-tat

2. More governance effort needed for group’s units

http://www.businesstimes.com.sg/premium/top-stories/more-governance-effort-needed-groups-units-20140703

3. The Failure of Macroeconomics; When models don’t yield the spending policies they want, some Keynesians abandon models-but not the spending

http://online.wsj.com/articles/john-cochrane-new-keynesian-macroeconomic-models-dont-support-more-stimulus-spending-1404342631?mod=Opinion_newsreel_2

4. Making Money With the Fed: Don’t Get Mad, Get Even

http://online.wsj.com/articles/heard-on-the-street-making-money-with-the-fed-dont-get-mad-get-even-1404330574

Asia Pacific

1. (Korea) – Campaign against ‘Gwanfia’ hits snag; President Park Geun-hye is showing firm resolve to root out the “Gwanfia,” or the practice of former high ranking officials taking top posts in the private sector

http://www.koreatimes.co.kr/www/news/biz/2014/07/488_160268.html

2. (Japan) – Japan’s brewers quench summer thirst with canned cocktails as beer sales slide

http://www.reuters.com/article/2014/07/02/us-japan-brewers-idUSKBN0F72FS20140702

3. (Indonesia) – What will Jokowi do?

http://country.eiu.com/article.aspx?articleid=331961817&Country=Indonesia&topic=Politics

4. (Indonesia) – Indonesia at Economic Crossroads; As Boom Times End, Next President Faces Choice for How to Change Gears, Avoid Resource ‘Trap’

http://online.wsj.com/articles/indonesia-at-economic-crossroads-1404373683

5. (China) – What do you do with millions of extra graduates? Rising joblessness among new university graduates in China and India is creating an army of educated unemployed that some fear could destabilise these huge economies

http://www.bbc.com/news/business-28062071?print=true

6. (China) – Foreign Banks See Exposure to China Port Qingdao Fraud Topping $500 Million

http://online.wsj.com/articles/foreign-banks-see-exposure-to-china-port-qingdao-topping-500-million-1404387558?tesla=y&mod=WSJASIA_hpp_sections_china&mg=reno64-wsj&url=http://online.wsj.com/article/SB10001424052702304628604580006663038073570.html?mod=WSJASIA_hpp_sections_china

Life

1. Fraudsters in Demand as Speakers Amid White-Collar Crackdown

http://blogs.wsj.com/riskandcompliance/2014/07/02/fraudsters-in-demand-as-speakers-amid-white-collar-crackdown/

2. Hit me baby one more time: Napster’s founders demonstrate the challenges of entrepreneurial second acts

http://www.economist.com/news/business/21605917-napsters-founders-demonstrate-challenges-entrepreneurial-second-acts-hit-me-baby-one-more

3. Why the first world war wasn’t really; And how George Washington started the first world war

http://www.economist.com/blogs/economist-explains/2014/07/economist-explains

4. Disruptive innovation: Negative externalities

http://www.economist.com/blogs/democracyinamerica/2014/07/disruptive-innovation

TMT

1. Why More Start-Ups Are Sharing Ideas Without Legal Protection

http://www.nytimes.com/2014/07/03/business/smallbusiness/why-more-start-ups-are-sharing-ideas-without-getting-legal-protection.html?emc=edit_dlbkam_20140703&nl=business&nlid=36114517&ref=business&_r=0

2. At Google, there is no manual

http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=2991498

3. GE’s First Quirky Device Isn’t Very Quirky; GE’Industrial Giant Says It’s Working With Crowdsourcing Startup to ‘Reinvent’ Appliances-But Not Leaving Much to Chance

http://online.wsj.com/articles/ges-first-quirky-device-isnt-very-quirky-1404323143

 

Reinventing Innovation: To gain an edge in a reviving economy, companies are looking for little ideas that can create big value

July 2, 2014

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CFO Magazine

Reinventing Innovation: To gain an edge in a reviving economy, companies are looking for little ideas that can create big value.

Josh Hyatt

Even with economic activity rustling back to life, few companies are eager to make big bets. A thin layer of growth hardly forms a solid enough foundation for businesses to pour money into hunting down breakthrough discoveries or conceiving cutting-edge technologies.

Not that it’s a bad time for innovation. In fact, now is an ideal time for a focused form of it. In a study of 275 senior finance executives conducted by CFO Research, in collaboration with American Express, just 13% of respondents said that they expected their companies to spend and invest “substantially more” in the coming year, with about a third (34%) choosing “about the same amount.” (See Figure 1, below.) (The full report, Reinventing Innovation, can be downloaded from cfo.com/research.)

That said, investing in innovation during the early stages of a recovery can yield abundant benefits when the economy regains its full sheen. Armed with new offerings, a business can position itself to grab market share from its less-prepared rivals. As aware of this as they may be, finance executives aren’t about to cast away the cost-consciousness that has served their companies well during the downturn. What they are doing, instead, is bringing a new level of discipline to the innovation process.

Read more at http://ww2.cfo.com/the-economy/2014/07/reinventing-innovation/view-all/

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