Eccentricity is the vital ingredient for a city’s success; A Biologist-Turned-Buddhist and His Philosopher Father on the Nature of the Self and the True Measure of Personal Strength: Bamboo Innovator Daily: 27 May (Wed)

Life

• A Biologist-Turned-Buddhist and His Philosopher Father on the Nature of the Self and the True Measure of Personal Strength: BrainPickings
• Eccentricity is the vital ingredient for a city’s success: FT
• Acquiring proven entrepreneurs is a smart way to innovate; LinkedIn co-founder Reid Hoffman on the art of importing and keeping business builders: FT
• What’s Hot in the Art World? Algorithms; Admirers hold on to computerized formulas; paying $2,500 for a ‘qrpff’ necktie: WSJ

AsianExtractor: Unearthing Accounting Fraud in Asia

• Detecting Accounting Fraud in Asia (Part 4): Introducing Six New Measures: AsianExtractor
• Sihuan (460 HK) Updates on Audit Delay: Improper accounting treatment in consolidation trick of using MRAs (Market Research Agents) to exclude hidden sales and distribution expenses to artificially boost profits: AsianExtractor
• China Environment FY2014: Significant Deterioration in Receivables Collectability And No Provision for Impairment: AsianExtractor
• China Environment (SES: 50U, Bloomberg: CENV SP): Auditor Emphasis of Matter raises more questions on potential accounting tunneling risk: AsianExtractor
• Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
• Does Auditor Explanatory Language in Unqualified Audit Reports Indicate Increased Financial Misstatement Risk? “Emphasis of matter” language predicts restatements + China Environment’s Auditor Emphasis
• of Matter: AsianExtractor

Greater China

• China Blows Its Debt Bubble Bigger: Bloomberg
• Perpetual Pileup in China Labels $53 Billion of Debt as Equity; Accounting standards treat these interest-bearing perpetuals as equity instead of debt: Bloomberg
• Why China Is So Desperate To Blow The Most Epic Stock Bubble: Zerohedge
• Prospectors beware of China’s equity bubble; Valuations have become eye-popping, at 70 times earnings: FT
• New China billionaire created every week: Standard
• These Nine Charts Show the Shenzhen Stock Market Is Like No Other Market in the World: Bloomberg
• Chinese flock to open accounts in ‘morality bank’ that enable them to exchange good deeds for free services. AsiaOne
• Xi Wants You to Bail Out His Economy; The lure of juicy yields are attracting foreign investors but are they paying a premium for bonds with too much risk?: Barron’s
• Wal-Mart employs more people in China than every Chinese company combined employs in the US: Quartz

India

• Foxconn Unit Seeks the Next Xiaomi in India: Bloomberg

Japan & Korea

• Samsung Shuffles Toward a Simpler Structure; Investors should follow the controlling Lee family’s influence over crown jewel Samsung Electronics: WSJ

ASEAN

• Singapore’s foreign maids exploited by agents, employers: Star
• Worry Over Earnings for Southeast Asian Stocks; As economic headwinds blow, companies cut forecasts for profits, marking a setback for investors in stocks: WSJ
• Sinking Indonesia Docks,  Idle Ships Spur $6 Billion Port Revamp; President Joko Widodo wants to cut logistics costs to drive domestic trade and increase exports.: Bloomberg
•  Indonesia Trains Migrant Workers to Make Most of Their Earnings; Groups seek to expand classes to help teach maids how to manage money they make overseas: WSJ
• 1985: Pan-El capped watershed year for S’pore: BT

Macro

• Why finance is too much of a good thing; It is very costly to police markets riddled with conflicts of interest and asymmetric information: FT

Energy & Commodities

• Oil Slump Has Calgary Awash in Vacant Office Space; New office towers in Canada’s oil capital are coming onto the market as energy companies downsize: WSJ

TMT

• Tech Firms Seek Ways to Fend Off Activist Investors; Some have surrendered, but others are fighting back with tactics like granting founders special stock: WSJ
• Inside the company that can predict the future by analyzing every piece of information on the web: BI
• John Malone to Reclaim Cable Throne With Time Warner Deal; With a net worth of $8.6 billion, Malone started in the cable industry in 1972 when he helped former cottonseed salesman Bob Magness transform TCI: Bloomberg
• The World’s Two Richest Cable Billionaires Are Going Toe-to-Toe; Who’s really winning the cross-border cable wars?: Bloomberg

Healthcare

• Big Bets on Proton Therapy Face Uncertain Future; Insurers balk at expensive radiation treatment; can smaller machines turn the tide?: WSJ
• New Push Ties Cost of Drugs to How Well They Work; As drug costs rise, Express Scripts seeks new payment deals for some cancer medications: WSJ
• Big Data Brings Relief to Allergy Medicine Supply Chains; A severe allergy season in parts of the country is pressing providers to get the right medicine to the right pharmacies at the right time: WSJ
• People who can’t feel pain are helping scientists create better painkillers: BI

Consumer & Others

• Dear J.Crew, What Happened to Us? We Used to Be So Close; Many women lament changes at the brand, highlighting a rare retail loyalty: WSJ
• McDonald’s is facing one major hurdle to its success: BI
• Louis Vuitton, Chanel Rise as Prada Falls in Luxury Brand Survey: Bloomberg
• Australia Is Exporting Its $3.2 Billion Café Culture to the World: Bloomberg
• Dear J.Crew, What Happened to Us? We Used to Be So Close; Many women lament changes at the brand, highlighting a rare retail loyalty: WSJ