Morning Bamboo Insight: 1 Aug 2014

Morning Bamboo Insight: 1 Aug 2014

Macro

1. Why Can’t the Banking Industry Solve Its Ethics Problems? Scandals keep occurring, even after the financial crisis, raising the uncomfortable possibility that the industry is fundamentally flawed

http://www.nytimes.com/2014/07/30/upshot/why-cant-the-banking-industry-solve-its-ethics-problems.html?ref=economy

2. Who’s Inflating The College Tuition Bubble? Meet the real gatekeepers of higher education, an unseen army of data-crunching salesmen who dazzle college administrators and perpetuate the arms race that sends tuition prices ever higher

http://www.forbes.com/sites/maggiemcgrath/2014/07/30/the-invisible-force-behind-college-admissions/print/

3. Contently Launches A Nonprofit Arm To Do Investigative Journalism

http://www.forbes.com/sites/jeffbercovici/2014/07/30/contently-launches-a-nonprofit-arm-to-do-investigative-journalism/print/

4. Nato rediscovers its founding mission

http://www.ft.com/intl/cms/s/0/de651680-17dc-11e4-b842-00144feabdc0.html#axzz391FRSv00

Asia Pacific

1. (China) – What would an anti-corruption top in China even look like?

http://ftalphaville.ft.com/2014/07/30/1912612/what-would-an-anti-corruption-top-even-look-like/

2. (China) – Chinese Billionaire Money Counter Is On An Anti-Counterfeiting Mission

http://www.forbes.com/sites/russellflannery/2014/07/23/chinese-billionaire-money-counter-is-on-an-anti-counterfeiting-mission/print/

3. (Korea) – ‘Park Geun-hye allure’ gone

http://www.koreatimes.co.kr/www/news/nation/2014/07/116_161988.html

4. (China) – China’s High-Income Hopes: what China must do to avoid the so-called middle-income trap

http://www.project-syndicate.org/print/jun-zhang-explains-what-china-must-do-to-avoid-the-so-called-middle-income-trap

5. (China) – China’s Bad Dream; rising debt levels are threatening China’s long-term economic prospects

http://www.project-syndicate.org/print/gene-frieda-warns-that-rising-debt-levels-are-threatening-china-s-long-term-economic-prospects

6. (Macau/China) – Snake Eyes and Scrutiny for Macao’s Casinos; The city where mainlanders go to gamble is in the spotlight for the way casino thrills are financed

http://english.caixin.com/2014-07-30/100710859.html

7. (HK) – HK government’s fourth batch of inflation- linked retail bonds – iBonds – which is to close its retail book today – failed to live up to the huge hype as the upbeat equity market continued to draw more investors

http://www.thestandard.com.hk/news_detail.asp?we_cat=2&art_id=147913&sid=42719122&con_type=1&d_str=20140731&fc=7

8. (China/Australia) – Chinese companies sign up to 100-year Australian-Sino food partnership

http://news.xinhuanet.com/english/china/2014-07/31/c_133521595.htm

9. (Spore) – Singapore’s solution to rush hour: free off-peak subway rides

http://qz.com/242055/singapores-solution-to-rush-hour-free-off-peak-subway-rides/

1. (China) – While China probes Qualcomm, phone makers choose silence

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140731000045&cid=1206

1. (Taiwan/Korea) – South Korea may follow Taiwan with punitive tax on idle funds

http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1201&MainCatID=12&id=20140731000011

2. (Asia) – Loose monetary policies undercut Asia volatility contracts

http://www.ft.com/intl/cms/s/0/2b3eaffa-1866-11e4-a82d-00144feabdc0.html#axzz391FRSv00

3. (China) – Shanghai to feel full force of Xi’s anti-corruption onslaught; Campaign turns to former president Jiang’s stronghold

http://www.ft.com/intl/cms/s/0/0fbd483e-17dc-11e4-b842-00144feabdc0.html#axzz391FRSv00

4. (China) – China Moves to Ease Home-Registration Rules in Urbanization Push; Unifying the Hukou System Is a Start, but It’s Just That

http://www.nytimes.com/2014/07/31/world/asia/with-urbanization-as-goal-china-moves-to-change-registration-rules.html

http://english.caixin.com/2014-07-31/100711516.html

5. (China) – ‘President Xi Jinping seeks his place in history – among the party greats’; President wants anti-graft drive to cement legacy and revive the Communist Party, princelings say

http://www.scmp.com/print/news/china/article/1563061/president-xi-jinping-seeks-place-history-alongside-deng-xiaoping-say

Life

1. Study finds wider-faced men are better negotiators

http://fortune.com/2014/07/30/the-leonardo-dicaprio-factor-study-finds-wider-faced-men-are-better-negotiators/

2. “Do what you love” is the mantra for today’s worker. Why should we assert our class interests if, according to DWYL elites like Steve Jobs, there’s no such thing as work?

https://www.jacobinmag.com/2014/01/in-the-name-of-love/

http://op-talk.blogs.nytimes.com/2014/07/30/you-can-hate-your-job-but-you-still-have-to-deal-with-it/?ref=opinion

3. How to Tell a Great Story

http://blogs.hbr.org/2014/07/how-to-tell-a-great-story/

4. Management’s Three Eras: A Brief History

http://blogs.hbr.org/2014/07/managements-three-eras-a-brief-history/

5. The Skills Leaders Need at Every Level

http://blogs.hbr.org/2014/07/the-skills-leaders-need-at-every-level/

6. The real questions concern not what job but what kind of life we want next

http://forbesindia.com/printcontent/38148

7. Why you should reinvent a product, not the wheel: AussieCommerce founder Adam Schwab

http://www.brw.com.au/p/business/adam_schwab_should_reinvent_product_UyYYak5svnlcwu5yKIOopI

8. To win in retail, be a specialist not a generalist: MJ Bale founder Matt Jensen

http://www.brw.com.au/p/business/mid-market/founder_win_matt_retail_jensen_specialist_EEl80i4XgNkjCmQQHdJnpI

9. Resilience ‘may be lost if charity sector gets over-professionalised’; the care and compassion that comes from a volunteer, a neighbour helping you rather than a professional who’s paid

http://www.todayonline.com/print/723211

1. Unthinking computers pull off clever parlour tricks; Big leaps are being made in deep learning but a human is still required

http://www.ft.com/intl/cms/s/0/6031dac8-170f-11e4-b0d7-00144feabdc0.html#axzz391FRSv00

11, Tomorrow’s Leaders Need Diverse Challenges Today; An excerpt from chapter 27 of It’s Not the How or the What but the Who: Succeed by Surrounding Yourself with the Best

http://www.strategy-business.com/article/ac00061?gko=29521&cid=BL20140731&utm_campaign=BL20140731&tid=27782251&pg=all

2. Chris Anderson on Why Community-Driven Companies Will Always Win

https://www.bcgperspectives.com/content/videos/technology_strategy_innovation_chris_anderson_why_community_driven_companies_will_always_win/

3. Why Proactive People Are More Successful And Less Stressed; An internal orientation needs to be matched by competence, self-efficacy and opportunity so as to successfully experience the sense of personal control and responsibility

http://www.businessinsider.sg/proactive-people-are-successful-and-less-stressed-2014-7/#.U9nQO_mSxqU

4. 24 Books That Forecasted The Future

http://www.businessinsider.sg/sci-fi-books-that-predicted-the-future-2014-7/#.U9nP5PmSxqU

TMT

1. (Korea/Tech) – Consumers will be able to make credit card payments at South Korean internet shopping malls without public key certificate from August this year

http://news.mk.co.kr/english/newsRead.php?sc=30800016&cm=Finance&year=2014&no=1039097&selFlag=sc&relatedcode=&wonNo=&sID=308

2. (China/Tech) – Xiaomi’s One More Thing

http://techcrunch.com/2014/07/30/xiaomis-one-more-thing/

3. Mobile leverage: “Smartphones don’t just increase the size of the internet by 2x or 3x, but more like 5x or 10x”

http://ben-evans.com/benedictevans/2014/7/21/leverage

4. Warding Off Lions With Mobiles Shows African Technology Boom

http://www.bloomberg.com/news/print/2014-07-29/warding-off-lions-with-cell-phones-shows-african-technology-boom.html

5. How An Oil Engineer Discovered Auto-Tune And Changed The Music Industry Forever

http://www.businessinsider.sg/auto-tune-developed-by-oil-engineer-2014-7/#.U9nPO_mSxqU

Consumer

1. (China/Consumer) – Is no food sacred in China?

http://fortune.com/2014/07/30/is-no-food-sacred-in-china/

2. How Kraft Foods Saved Tang From Obscurity

http://www.businessinsider.sg/how-kraft-saved-tang-from-obscurity-2014-7/#.U9nPRPmSxqU

Healthcare

1. Valeant’s Cost-Cutting Ethos May Yet Give Wall Street Indigestion; Allergan accused Valeant of questionable and opaque accounting – charges that have led to scrutiny of Valeant’s business model

http://dealbook.nytimes.com/2014/07/30/valeants-cost-cutting-ethos-may-yet-give-wall-street-indigestion/?ref=business

2. More on Sleeping Pills and Older Adults; New research adds to evidence that long-term use of some sedatives may be hazardous for older adults

http://newoldage.blogs.nytimes.com/2014/07/30/more-on-sleeping-pills-and-the-elderly/?ref=health

3. (HK/Healthcare) – HK on full Ebola alert

http://www.thestandard.com.hk/news_detail.asp?pp_cat=30&art_id=147891&sid=42718975&con_type=3

Investing Process

1. Penn West Petroleum Ltd. investigates accounting irregularities that stretch back four years; Penn West’s own directors probing accounting practices raises corporate governance concerns

http://business.financialpost.com/2014/07/30/penn-west-petroleum-ltd-investigates-accounting-irregularities-that-stretch-back-four-years/?__lsa=54a3-6fb0

http://business.financialpost.com/2014/07/30/penn-wests-own-directors-probing-accounting-practices-raises-corporate-governance-concerns/