Morning Bamboo Insight: 09 Jul 2014

Morning Bamboo Insight: 09 Jul 2014

Macro

1. Banks Face Added Capital Requirements; Basel Committee May Reduce Lenders’ Latitude on Weighing Risk, including potentially ending the long-standing treatment of all government bonds as automatically risk-free

http://online.wsj.com/articles/banks-face-added-capital-requirements-1404692554

2. From 1889 to 2014, Political Parallels Abound; Hope in History? Past Is Prologue in Problems and Progress

http://online.wsj.com/articles/from-1889-to-2014-political-parallels-abound-1404749371

3. Ambition, investor greed fuel rise and fall of Dubai’s Arabtec

http://www.reuters.com/article/2014/07/08/us-arabtec-ceo-insight-idUSKBN0FD0BK20140708?feedType=RSS&feedName=businessNews

4. Investors Are Buying Troubled Golf Courses and Giving Them Makeovers

http://dealbook.nytimes.com/2014/07/07/investors-are-buying-troubled-golf-courses-and-giving-them-makeovers/

5. Welcome to the Everything Boom, or Maybe the Everything Bubble; Around the world, nearly every asset class is expensive by historical standards

http://www.nytimes.com/2014/07/08/upshot/welcome-to-the-everything-boom-or-maybe-the-everything-bubble.html

6. 125 Years of Change in the U.S. Economy-and the Dow; How the Business World Has Been Transformed, From the Democratization of Capital to the Rise and Fall of Labor

http://online.wsj.com/articles/125-years-of-change-in-the-u-s-economyand-the-dow-1404763584

7. Banks’ Judgment Leaves Investors with Alternative Risk; Newfangled capital is being used most by banks that rely more on making judgments about the riskiness of their assets. That leaves equity investors expos

http://online.wsj.com/articles/heard-on-the-street-banks-judgment-leaves-investors-with-alternative-risk-1404747400

Asia Pacific

1. (China) – Crony Capitalism Comes To China – Ex Central Bank Chief’s Son-In-Law In Insider-Trading Scandal

http://www.zerohedge.com/news/2014-07-07/crony-capitalism-comes-china-ex-central-bank-chiefs-son-law-insider-trading-scandal

2. (China) – “This Could Be The Last Straw” 90% Of China Loan Guarantors Bankrupt

http://www.zerohedge.com/news/2014-07-07/could-be-last-straw-90-china-loan-guarantors-bankrupt

3. (Isia) – As Indonesia Vote Nears, a Trip to Mecca; In Race’s 11th Hour, Candidate Shores Up Muslim Credentials After Rival Gets Hard-Liner Backing

http://online.wsj.com/articles/as-indonesia-vote-nears-a-trip-to-mecca-1404746650

4. (China/Tech) – Alibaba Founder’s Recent Deals Raise Flags; Some Investments by Jack Ma, Partners Were Made on Behalf of Alibaba or Funded by Loan From the Company

http://online.wsj.com/articles/alibaba-founder-jack-mas-recent-deals-raise-flags-1404760656

5. (Korea/Tech) – Foreign Investors Put Pressure on Samsung; As Tech Giant’s Cash Pile Grows, Company Executives Are Urged to Raise in Dividends, Restart Buybacks

http://online.wsj.com/articles/foreign-investors-put-pressure-on-samsung-1404758013?mod=_newsreel_3

6. (HK) – Flying Wolves and Rejected Bills: Hong Kong’s Most Hostile Legislature Ever

http://blogs.wsj.com/chinarealtime/2014/07/07/flying-wolves-and-rejected-bills-hong-kongs-most-hostile-legislature-ever/?mod=WSJ_hp_Asia_EditorsPicks

7. (China) – ‘Transformers’ Soon to Become China’s Highest-Grossing Film of All Time

http://blogs.wsj.com/chinarealtime/2014/07/07/transformers-soon-to-become-chinas-highest-grossing-film-of-all-time/?mod=WSJ_hp_Asia_EditorsPicks

8. (Isia) -Indonesia: The Governor vs. the General; The candidates’ nearly equal polls suggest voters want both a less elitist and more assertive Indonesia

http://online.wsj.com/articles/kurtz-van-zorge-indonesia-the-governor-vs-the-general-1404751934

9. (Isia) – Indonesia’s Choice on Democracy; Will the next president be a defender of liberal values or an aspiring strongman?

http://online.wsj.com/articles/indonesias-choice-on-democracy-1404751125

10. (Thai) – Thai junta pushing renovation unseen for decades

http://news.asiaone.com/print/news/asia/thai-junta-pushing-renovation-unseen-decades

11. (Msia) – Malaysia’s Penang MLM company of 26-year-old Chinese ‘millionaire’ under investigation since February

http://news.asiaone.com/print/news/malaysia/company-26-year-old-chinese-millionaire-under-investigation-february

http://news.asiaone.com/print/news/malaysia/chinese-millionaires-mlm-scheme-illegal-set

12. (Isia) – Indonesian presidential hopeful prays Mecca trip will win votes; Megawati works backstage as Jokowi takes the spotlight

http://news.asiaone.com/print/news/asia/indonesian-presidential-hopeful-prays-mecca-trip-will-win-votes

http://news.asiaone.com/print/news/asia/megawati-works-backstage-jokowi-takes-spotlight

13. (Japan) – Hope for Abe’s ‘virtuous cycle’ as Japan Inc spends on technology

http://www.reuters.com/article/2014/07/07/us-japan-economy-capex-idUSKBN0FC29S20140707

14. (China) – Ren Zhengfei, the founder of Huawei, said the United States doesn’t want to see a stronger China during his first ever interview with Chinese media in June

http://www.china.org.cn/business/2014-07/08/content_32886613.htm

15. (China) – China’s State Media Goes Into Overdrive Over the Marco Polo Incident

http://blogs.wsj.com/chinarealtime/2014/07/07/chinas-state-media-goes-into-overdrive-over-the-marco-polo-incident/

16. (China) – China Local Funding Unit Got Funds Illegally, Beijing News Says

http://www.bloomberg.com/news/print/2014-07-07/china-local-funding-unit-got-funds-illegally-beijing-news-says.html

17. (China) – Behind the Propaganda Wars-4 / China wages $8.7 billion global media campaign

http://the-japan-news.com/news/article/0001380691

18. (China/Tech) – County-level E-commerce: Next Driver of China’s Online Shopping

http://huxiu.me/post/91120074826/county-level-e-commerce-next-driver-of-chinas-online

19. (India) – Investors Budgeting for India Blockbuster; Modi’s first budget as prime minister is a signal event for India investors. There’s ample room for disappointment

http://online.wsj.com/articles/investors-budgeting-for-india-blockbuster-1404701339

20. (Korea/Tech) – Samsung Sings Smartphone Blues; The cash returns are likely to come as buybacks rather than dividends, as that would help the Lee family keep hold over the company ahead of a massive restructuring of the broad Samsung conglomerate

http://online.wsj.com/articles/heard-on-the-street-samsung-sings-smartphone-blues-1404800905?tesla=y&mg=reno64-wsj&url=http://online.wsj.com/article/SB10001424052702304418604580016341199915002.html

Life

1. Scientists Identify Largest Flying Bird; The Sea Bird Likely Flew 25 Million Years Ago and Was Twice the Size of a Modern Albatross

http://online.wsj.com/articles/scientists-identify-largest-flying-bird-1404759602

2. Build a family empire; How do you take a family business and turn it into something special?

http://www.theage.com.au/small-business/trends/build-a-family-empire-20140703-3bb1u.html#ixzz36t3xUnhc

3. The Creative Climate: Creative tension between people and within individuals is fundamental to social evolution; Albert Einstein put it, “You can never solve a problem on the level on which it was created.”

http://www.nytimes.com/2014/07/08/opinion/david-brooks-the-creative-climate.html?emc=edit_th_20140708&nl=todaysheadlines&nlid=36114517

4. A new Quinnipiac poll finds that a plurality rated Barack Obama the worst president in the past 70 years — worse even than Richard Nixon, who resigned in scandal

http://www.washingtonpost.com/opinions/marc-thiessen-obamas-legacy-of-failure/2014/07/07/9148acf8-05e0-11e4-a0dd-f2b22a257353_story.html?wpisrc=nl_opinions

5. Starting a Corporate Information Business? Consider These Six Tips

http://blogs.wsj.com/cio/2014/07/08/starting-a-corporate-information-business-consider-these-six-tips/

6. Free People, Free Markets: The lessons from 125 years show how to revive American prosperity

http://online.wsj.com/articles/the-wall-street-journal-125-years-of-free-people-free-markets-1404770480

7. The Case for Crony Capitalism?

http://online.wsj.com/articles/the-case-for-crony-capitalism-1404776061

8. Billy Beane on the Future of Sports: A Tech-Driven Revolution; The A’s General Manager Says New Systems Will Transform How We Play-and Watch-Sports

http://online.wsj.com/articles/billy-beane-on-the-future-of-sports-a-tech-driven-revolution-1404762964

9. Rosabeth Moss Kanter on How Corporations of the Future Will Behave; The Harvard Business School Professor Says Companies Will Converge on a Few Universal Standards and Norms

http://online.wsj.com/articles/rosabeth-moss-kanter-on-how-corporations-of-the-future-will-behave-1404763051

10. John Bogle on the Future of Investing: The Rise of the Shareholders; Vanguard’s Founder Sees Investors Demanding a Smaller, Simpler Financial System

http://online.wsj.com/articles/john-bogle-on-the-future-of-investing-the-rise-of-the-shareholders-1404765274

11. G. Scott Hubbard on the Future of Space Exploration; The Former NASA Official Says to Get Ready for Bioengineering, Teleportation and a New Home on Mars

http://online.wsj.com/articles/g-scott-hubbard-on-the-future-of-space-exploration-1404765170

12. Kasim Reed on the Future of Cities as Global Leaders; As National Governments Struggle, the Atlanta Mayor Says, Cities Will Increasingly Be the Place Where Problems Get Solved

http://online.wsj.com/articles/kasim-reed-on-the-future-of-cities-as-global-leaders-1404764926

13. Bill Ford on the Future of Transportation: We Can’t Simply Sell More Cars; Ford’s Chairman Says We Must Rethink How We Make Vehicles-and How We Use Them

http://online.wsj.com/articles/bill-ford-on-the-future-of-transportation-we-cant-simply-sell-more-cars-1404763769

14. Margaret Spellings on the Future of Education; The Former Education Secretary Predicts Schools Will Evolve Into a Student-Driven System With No Grade Levels

http://online.wsj.com/articles/margaret-spellings-on-the-future-of-education-1404763892

TMT

1. Uber Launches War Against Yellow Cabs, Cuts New York Fares By 20% As Ali-Baba Launches Chinese Uber Competitor

http://www.zerohedge.com/news/2014-07-07/uber-launches-war-against-yellow-cabs-cuts-new-york-fares-20-ali-baba-launches-chine

2. Fireside chat with Google co-founders, Larry Page and Sergey Brin

http://www.khoslaventures.com/fireside-chat-with-google-co-founders-larry-page-and-sergey-brin

3. Tim Cook’s Recasting of Apple Is in Full Bloom; CEO Pushes Executives to Be More Collaborative, Broaden Its Legendary Laser Focus

http://online.wsj.com/articles/tim-cooks-apple-takes-shape-1404757939?mod=LS1

4. Critics Fault Court’s Grip on Appeals for Patents; More than 30 years ago, Congress granted a single court the power to hear nearly all the nation’s patent appeals

http://online.wsj.com/articles/critics-fault-courts-grip-on-appeals-for-patents-1404688219?tesla=y&mg=reno64-wsj&url=http://online.wsj.com/article/SB10001424052702304642804580013122866879434.html

5. JPMorgan, Danske among Funds Exposed to Gowex Accounting Fraud

http://www.accountingtoday.com/news/accounting_news/jpmorgan-danske-funds-exposed-gowex-accounting-fraud-71232-1.html

6. 3D printing confronts the everyday world: Fixing broken appliances is no longer a case of forking out for expensive labour and parts, if you have a 3D printer

http://www.theage.com.au/digital-life/digital-life-news/3d-printing-confronts-the-everyday-world-20140703-zsdad.html.html

7. How An E-Commerce Startup Is Reinventing the Wedding Registry

http://www.fastcompany.com/3032714/hit-the-ground-running/how-an-e-commerce-startup-is-reinventing-the-wedding-registry?partner=newsletter

8. Sarah Susanka Says the Home of the Future Will Be a Portal; The ‘Not So Big’ Author Says Tomorrow’s House Will Be a Place for Accessing the World Around Us

http://online.wsj.com/articles/sarah-susanka-says-the-home-of-the-future-will-be-a-portal-1404764842

9. Roy Price on the Future of Television: How TV Networks Will Evolve; The Director of Amazon Studios Says the Flow of Network Content May Be Customized for Individuals

http://online.wsj.com/articles/roy-price-on-the-future-of-television-how-tv-networks-will-evolve-1404764176

Consumer

1. Wal-Mart Looks to Grow by Embracing Smaller Stores; Retailer Tries New Business Models as Its Superstores Fall Out of Favor

http://online.wsj.com/articles/wal-mart-looks-to-grow-by-embracing-smaller-stores-1404787817

2. Crumbs Bake Shop Closing Its Doors; Cupcake Chain Throws in the Towel, a Week After Nasdaq Suspension, Which Triggered Default

http://online.wsj.com/articles/sticky-time-for-crumbs-bake-shop-1404770884

Energy

1. North Dakota Fracking: Behind the Oil-Train Explosions; Volatile Gases Aren’t Removed From Bakken Shale Crude; ‘The Regulations Are Silent’

http://online.wsj.com/articles/north-dakota-fracking-behind-the-oil-train-explosions-1404761720

2. Daniel Yergin on the Future of Energy: Big Gains for Coal and Natural Gas; The Energy Expert Says Change Comes Slowly to the Industry

http://online.wsj.com/articles/daniel-yergin-on-the-future-of-energy-big-gains-for-coal-and-natural-gas-1404764096