Evening Bamboo Insight: 09/07/2014

Evening Bamboo Insight: 09/07/2014


1. Let’s unleash the economic might of Britain’s regions; Every part of this country is building a strategy for growth

2. Three’s a crowd: The instability that stems from trilemmas

3. The global monetary system: Not floating, but flailing; After 150 years of monetary experimentation, the world remains unsure how to organise global finance

4. Bulgarian banks: Digital rumours; What caused the run on two of Bulgaria’s largest banks?

5. The Luis Suárez of international finance: Argentina’s debt stand-off reflects a teenage attitude that rules are there to be broken

6. Mexico’s reforms: Foreigners enthuse over Enrique Peña Nieto’s reforms. Mexicans are warier

7. The struggle to avoid divorce between Britain and the European Union

8. The Bretton Woods agreements: The 70-year itch; Both the West and China are neglecting the institutions that help keep the world economy upright

Asia Pacific

1. (Isia) – In Closing Debate, Joko Promises Bureaucratic ‘Breakthrough’, While Prabowo Strives for ‘A Dignified Nation’; Confident Joko Shows True Colors in Final Presidential Debate

2. (China) – Investment craze for China’s Dairy Farms

3. (China) – Su Zhijun, grandson of PLA general Su Yu

4. (China) – State-owned Chinese food processing companies are suspected of raking in massive profits from importing genetically modified corn from the United States

5. (Taiwan) – Taiwan’s foreign exchange reserves hit a new high of US$423.5 billion by the end of June

6. (Korea/Tech) – S Korea to break away from Windows by 2020

7. When Teflon wears off: The economy cannot shrug off Thailand’s political problems

8. Waiting for the Modi mojo: In its first budget, the government must fix public finances and offer reforms

9. (Isia) – Indonesia’s presidential election: Competing visions; A political naif represents a more hopeful future for Indonesia than a Suharto-era soldier


1. This Fourth Of July, Stop To Thank Chinese Alchemists

2. Citizen Bezos

3. Lessons Sports Direct investors could learn from the plight of Morrisons; Sir Ken Morrison and Mike Ashley of Sports Direct have a lot in common, including their attitude to corporate governance. And look at what happened to Morrisons

4. How Poundland’s Jim McCarthy helped changed the rag tag image of pound shops; The Poundland chief executive has transformed the business, but it was family illness that first brought him to the retailer

5. Donors Give More When They Have a Sense of Belonging

6. At Zingerman’s, Pastrami and Partnership to Go; From its beginnings in Ann Arbor, Mich., a deli has grown into a circle of businesses, all celebrating employee involvement

7. Many Founding Fathers Were Shockingly Young When The Declaration Of Independence Was Signed In 1776

8. Textbook cases, Chapter 10; In which democracies join in East Asia’s history wars

9. German schools: The Gymnasium revolt; Parents fret over how long children should stay in school


1. (Korea/Tech) – S Korea to break away from Windows by 2020

2. Free Video Games Say Pay Up or Wait, Testing Players’ Patience; Free-to-download mobile games have become a lucrative business, but aggressive appeals for in-app purchases are turning off some players

3. Emerging TV Markets Are Going To Crush European TV Markets

4. The World’s Languages Have A Significant Bias Towards Happiness

5. Tethered by history: The failures of the Arab spring were a long time in the making


1. Sports Direct: How Britain’s biggest sports retailer flourished during the recession



Despite Democratic Endorsement, SBY Spares No Praise for Prabowo; “If you lead, you will have to lead everyone, including those who didn’t vote for you,” Yudhoyono said. “A leader should not keep his anger and grudges.”

Despite Democratic Endorsement, SBY Spares No Praise for Prabowo

By Ezra Sihite & Carlos Paat on 04:03 pm Jul 05, 2014


President Susilo Bambang Yudhoyono, right, meets with presidential candidate Prabowo Subianto at Yudhoyono’s private residence in Cikea, Bogor, on July 4, 2014. (Antara Photo/Setpres-Abror Rizki)

  1.  President Susilo Bambang Yudhoyono met with Great Indonesia Movement (Gerindra) Party presidential candidate Prabowo Subianto and his coalition team on Friday evening at Yudhoyono’s house in Bogor.

“I received a letter from the Prabowo-Hatta campaign team saying they wanted to meet me,” Yudhoyono said at his residence in the Cikeas neighborhood. “It was directed to me as an individual, not as the president, so it was right and legal for me to meet them.”

The meeting was filmed by local TV stations, as President Yudhoyono said he wanted the encounter to be open to the public.


CEOs: The More You Pay Them, The Worse They Perform

MONDAY, 30 JUNE 2014

CEOs: The More You Pay Them, The Worse They Perform


The Peter Principle

“Every new member in a hierarchical organization climbs the hierarchy until he/she reaches his/her level of maximum incompetence”

The Peter Principle states that everyone gets promoted to a level at which they’re incompetent. More generally Lawrence Peter observed that anything that works gets used to do other things until it fails. This is true even of ideas, and sometimes even failure doesn’t stop them being promulgated. Consider, for instance, economics as the primary example of an idea stretched beyond its elastic limit.

But at the top of the corporate tree are those executives who’ve somehow avoided becoming victims of the Peter Principle. Of course, simply becoming a CEO doesn’t disprove the idea, it just makes it more likely that we’ll have lots of incompetent business leaders who’ve become really good at blaming other people. And a survey of CEOs suggests that this is exactly true: they’re overrated, they’re overpaid and they don’t deliver for anyone apart from themselves. Why am I not surprised?


Morning Bamboo Insight: 07/07/2014

Morning Bamboo Insight: 07/07/2014


1. The illusion of ‘low-risk’ government bonds

2. Lords to grill accountancy watchdog on ‘going concern’ rules

3. Fed must not linger too long on QE exit; The end of easy money will hit bond markets hard if not timed right

4. Win or Lose, It’s Where the Game Is Played That Matters in Britain; From sports to commerce, Britain embraces “Wimbledonization,” the idea that no matter the outcome, it is much better to have all the players on its home turf

5. Paying Employees to Stay, Not to Go; Restaurants like Shake Shack and Boloco that offer their employees above-average pay say they have lower turnover and better customer service

Asia Pacific

1. (Korea/Taiwan) – South Korea’s FTA push threatens Taiwan’s global market

2. (Korea) – Mid-to-large-size newly built apartments in the Seoul metropolitan area are being sold at a steep discount after sitting idle for a long time

3. (Japan) – The world’s largest vegetable factory to make use of LED has been built in one of the cities damaged by the 2011 Great East Japan Earthquake and tsunami

4. (Taiwan/Tech) – Taiwanese company amazes world with dynamic flight theater

5. (Taiwan) – New tax reforms in Taiwan target income from property sales

6. (Spore) – Singaporeans air views on PM at Speakers’ Corner

7. (Isia) – On Election’s Eve, Indonesia Economy Faces Crossroads; As Boom Times End, Next President Faces Choice on How to Change Gears, Avoid Resource ‘Trap’

8. (Isia) – Indonesia Risks Suharto-Era Return as Prabowo Rises


1. The Secret of Effective Motivation: Encourage people to do something for its own sake, not for its benefits

2. How to Redraw the World Map; What parts of the world should rethink their maps? Why and how?

3. This May Be The Biggest Problem With America’s ‘Common Core’ Education Standards

4. Inspiring Quotes On Life, Liberty, And The Pursuit Of Happiness From Every US President

5. Honesty a rare commodity


1. VMware Declares That Windows Reign ‘Is Coming To An End’ . And The Mac Is Taking Over

2. Israeli High Tech Gets Aggressive

3. Zuora’s Journey To Managing The Subscription Economy


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