R.E.S.-ilience in Value Creation 《竹经：经商经世离不得立根创新》
March 26, 2014 Leave a comment
March 19, 2014 8:10 am
S Korea regulators launch probe into China banks’ operations
By Song Jung-a and Simon Mundy in Seoul
South Korean financial authorities have launched an inspection of three Chinese banks’ operations in the country, amid worries about booming demand for renminbi-denominated investment products.
March 26, 2014 Leave a comment
March 19, 2014 12:20 pm
Chicago confronts dirty bonanza of Canadian tar sand boom
By Neil Munshi in Chicago
A bulldozer rumbles over a mountain of fine black powder amid the abandoned shells of long-shuttered steel mills in a poor neighbourhood on the far southeast side of Chicago.
March 26, 2014 Leave a comment
March 18, 2014 3:39 pm
Freedom is not having to stoop to sycophancy
By Luke Johnson
Being phoney, a requirement for climbing the greasy pole, is corrosive and bad for one’s health
Possibly the best thing about working for oneself is that you don’t have to do any arse-kissing.
Now obviously that is not entirely true, because there are always some people to whom you have to grovel – bankers, investors, regulators, even customers. But, generally speaking, the self-employed are required to tolerate and dispense considerably less insincere bullshit than is the norm within big organisations.
March 26, 2014 Leave a comment
March 19, 2014 7:05 am
China’s financial distress turns all too visible
By George Magnus
Country’s economic change will have deflationary consequences
Investors have a lot to worry about without cause to fret about China, but now they have that too. Trend growth is slowing down, and markets have been shaken up by the actions of the People’s Bank of China (PBoC), which is trying to tame a virulent credit boom.
March 26, 2014 Leave a comment
Big Bang: Einstein’s relativity theory backed by new-wave discovery
March 19, 2014
Nicky Phillips
Science Editor
A telescope at the South Pole recently discovered gravity waves dating back to the moment of the Big Bang. Science columnist Peter Spinks discusses the findings with astrophysicist Professor Karl Glazebrook.
In the first moment following the Big Bang, scientists believe the universe got very big, very quickly.
March 26, 2014 Leave a comment
MARCH 18, 2014, 12:30 PM 17 Comments
Google Unveils Software for Smartwatches-to-Be
By BRIAN X. CHEN
The interface of Android Wear, a version of Google’s mobile operating system for wearable devices, was designed to be “glanceable,” said Alex Faaborg, an Android designer, in a video promoting the software system.
Google is taking its fight with Apple to the wristwatch.
March 26, 2014 Leave a comment
March 18, 2014 7:56 pm
Turkey: The Erdogan-Gulen showdown
By FT reporters
FT reporters profile two men locked in conflict that threatens legitimacy of country’s government
Fethullah Gulen: the exiled preacher
At the beginning of the year the Turkish government appeared to be starting a run on the country’s biggest Islamist bank, writes Daniel Dombey Institutions such as Turkish Airlines, 49 per cent state-owned, began to withdraw their deposits from Bank Asya, founded by the followers of the preacher Fethullah Gulen
. Within days, hundreds of millions of dollars left the bank.
March 26, 2014 Leave a comment
Investors must collaborate to innovate
Posted By AMANDA WHITE On 19/03/2014 @ 12:13 pm In ANALYSIS | No Comments
Institutional investors are sheltered by competition, which in some instances can be beneficial, but it also means they are shielded from competitive forces that drive innovation. A new paper by Gordon Clark and Ashby Monk, looks at why the current model of either insourcing or outsourcing investment management doesn’t allow for innovation, and the models of cooperation and collaboration that can change that.
March 26, 2014 Leave a comment
Brazil’s Debt-Laden Firms Try to Stay Afloat
Some Ethanol, Mining Companies Are Under Stress
EMILY GLAZER And LUCIANA MAGALHAES
March 18, 2014 6:38 p.m. ET
Brazil weathered its largest-ever bankruptcy filing late last year, but there may be more to come for the embattled South American nation.
As its economy weakens and investor confidence flags, a number of firms that loaded up on debt during the nation’s boom years are poised to follow companies controlled by Brazilian tycoon Eike Batista into bankruptcy protection, according to investors who specialize in distressed debt, bankers and restructuring professionals.
To be sure, nothing on the scale of Mr. Batista´s corporate collapse is expected.
March 26, 2014 Leave a comment
Stress Tests Won’t Prevent the Next Financial Crisis
Expected losses under invented scenarios tell us little about risk and reality.
ROSA M. ABRANTES-METZ
March 18, 2014 6:58 p.m. ET
On March 26, the Federal Reserve will release the results of the “stress tests” it conducted on the nation’s 30 largest banks. The findings will purportedly reveal how well a bank can withstand a financial crisis, but the Fed’s decision to implement more complex stress tests doesn’t address what caused the financial crisis of 2008.
March 26, 2014 Leave a comment
March 18, 2014, 4:19 PM ET
Rule Makers Still Split on Lease Accounting
EMILY CHASAN
Senior Editor
U.S. and international rule makers remained divided Tuesday in the first of two days of meetings aimed at resolving differences on lease accounting.
March 25, 2014 1 Comment
Can Sonos Become Google for the Music You Love?
First look at the wireless home audio system’s new universal music search
GEOFFREY A. FOWLER
Updated March 18, 2014 5:35 p.m. ET
Personal Tech Columnist Geoffrey Fowler got a first look at the new interface for Sonos, the popular multiroom wireless speaker system. The key feature: Universal search, that lets you find your music across multiple services like Spotify and Pandora.
March 25, 2014 Leave a comment
James E. Stowers Jr., Mutual-Fund Pioneer and Cancer Crusader, Dies at 90
Founder of American Century Investments Was a Noted Philanthropist
STEPHEN MILLER
March 18, 2014 7:21 p.m. ET
James E. Stowers Jr. , who turned a small six-figure investment into one of the nation’s largest mutual-fund companies before turning his focus to philanthropy, died Monday at age 90.
A lifelong resident of Kansas City, Mo., Mr. Stowers was known to mutual-fund associates as “the eternal bull” for his faith in markets. Privately held American Century Investments, the company Mr. Stowers founded in 1958, has grown into a fund giant with about $141 billion under management, the company said.
March 25, 2014 Leave a comment
Lenovo to Seek Acquisitions for Growth
Still Looking to Acquisitions After Unveiling Pair of Deals Worth $5 Billion.
LORRAINE LUK and JURO OSAWA
March 18, 2014 12:03 a.m. ET
HONG KONG—Chinese personal-computer maker Lenovo Group Ltd. 0992.HK +1.43%said Tuesday it is still looking to acquisitions to fuel growth, less than two months after announcing a pair of deals valued at $5 billion that already threaten to stretch the company’s resources.
March 25, 2014 Leave a comment
Japan Hits a Sour Note on Music Sales
Changing Consumer Habits Mean Fewer Ringtones, CDs—Dragging Down Global Result
HANNAH KARP And MIHO INADA
March 18, 2014 2:35 p.m. ET
Even with the recorded-music business stabilizing in many countries, global music revenue shrank last year. The biggest reason: Japan’s music market, the world’s second largest after the U.S., is in free fall.
March 25, 2014 Leave a comment
Wal-Mart Can’t Reach GameStop’s Level
MIRIAM GOTTFRIED and JUSTIN LAHART
March 18, 2014 3:40 p.m. ET
GameStop’s stock fell on news that Wal-Mart is entering the used-videogame business>. But Heard on the Street’s Miriam Gottfried thinks the reaction is overblown. Photo: “Call of Duty” Activision.
In the world of videogames, it is tough to beat a seasoned professional.
March 25, 2014 Leave a comment
Compelling Signs the Chinese Property Boom Is Over
Big Bets Begin to Sour, Showing the First Signs of Deeper Trouble to Come
ANDREW BROWNE
March 18, 2014 10:15 a.m. ET
BEIJING—For years, China “bears”—a group of Cassandras ranging from hedge-fund managers to media pundits—have been predicting a crash in China’s residential real-estate market, the single-most-important driver of the Chinese economy.
March 25, 2014 Leave a comment
Beijing’s Money Moves
Deposit-rate reform counts for more than a wider yuan band.
Updated March 18, 2014 7:47 p.m. ET
China is finally moving on financial reform, and in the early innings the score is one hit and one miss. The central bank chief last week set an ambitious two-year target for liberalizing the interest rate paid on bank deposits. And on Saturday the central bank announced it will widen the band within which the yuan is allowed to fluctuate, to 2% above or below a midpoint set daily by the central bank from 1%.
March 25, 2014 Leave a comment
Mar 18, 2014
Crackdown Betrays Breadth of Beijing’s Challenges
By Stanley Lubman
The severity of China’s current crackdown on outspoken activists is an expression of the anxiety that has taken hold of the Party-state. Two recent criminal proceedings involving public protests illustrate the depth, but also the breadth, of that anxiety.
March 25, 2014 Leave a comment
America’s Internet Surrender
By unilaterally retreating from online oversight, the White House pleased regimes that want to control the Web.
L. GORDON CROVITZ
March 18, 2014 6:56 p.m. ET
The Internet is often described as a miracle of self-regulation, which is almost true. The exception is that the United States government has had ultimate control from the beginning. Washington has used this oversight only to ensure that the Internet runs efficiently and openly, without political pressure from any country.
March 25, 2014 Leave a comment
America’s Internet Surrender
By unilaterally retreating from online oversight, the White House pleased regimes that want to control the Web.
L. GORDON CROVITZ
March 18, 2014 6:56 p.m. ET
The Internet is often described as a miracle of self-regulation, which is almost true. The exception is that the United States government has had ultimate control from the beginning. Washington has used this oversight only to ensure that the Internet runs efficiently and openly, without political pressure from any country.
March 25, 2014 Leave a comment
Hong Kong’s Alibaba Lament
AARON BACK
March 18, 2014 8:42 a.m. ET
Hong Kong regulators are sticking to their “one share, one vote” principles. But that doesn’t make the territory friendly to ordinary investors.
March 25, 2014 Leave a comment
What Will It Take for the Fed to Raise Rates?
SPENCER JAKAB
March 18, 2014 3:29 p.m. ET
The more things change, the more they stay the same.
At least that is the impression the Federal Reserve has given financial markets. Since short-term interest rates were set near zero more than five years ago, the timeline for raising them has been a moving target. First there was “some time” which became “an extended period.” Seeking more specifics, the market was then told rates would begin to rise in mid-2013, by late 2014 and then mid-2015.
March 25, 2014 Leave a comment
Watson IPO May Hit $6 Billion
Billionaire Li Ka-shing’s Retail Business to List in Hong Kong, London by End of June
PRUDENCE HO And P.R. VENKAT
Updated March 18, 2014 3:32 p.m. ET
Hong Kong billionaire Li Ka-shing’s retail flagship plans to list in both Hong Kong and London by the end of June, people familiar with the situation said Tuesday, in what could be one of the world’s largest initial public offerings since late 2012.
March 25, 2014 Leave a comment
Indonesia’s leadership transition: Will Jakarta’s foreign policy change?
Indonesia will undergo a significant transformation this year, as the country will hold national elections to choose new legislators at both the national and regional levels, as well as elect a new President to succeed Susilo Bambang Yudhoyono, who has been in power since 2004.
MARCH 19
Indonesia will undergo a significant transformation this year, as the country will hold national elections to choose new legislators at both the national and regional levels, as well as elect a new President to succeed Susilo Bambang Yudhoyono, who has been in power since 2004.
March 25, 2014 Leave a comment
How Cliff Asness Launched AQR; AQR’s Value Strategies In Practice
March 18, 2014 by Tobias Carlisle
Institutional Investor has a great piece from Clifford Asness and John Liew called The Great Divide over Market Efficiency on the efficient markets debate. Most interesting for me was their discussion on the launch of AQR and the “value” strategies it employs:
March 25, 2014 Leave a comment
The Surprising Benefits of Nonconformity
Magazine: Spring 2014Research Highlight March 18, 2014 Reading Time: 6 min
Silvia Bellezza, Francesca Gino and Anat Keinan
New research finds that under certain circumstances, people wearing unconventional attire are perceived as having higher status and greater competence.
March 25, 2014 Leave a comment
David Jones, Myer elephant in the room: What’s the big deal?
March 19, 2014
Adele Ferguson
Investors will pore over the earnings results of David Jones and Myer this week – and demand an update on their property plans in Sydney’s CBD – as the focus intensifies on the elephant in the room: a $3 billion merger proposal between the two department store giants.
March 25, 2014 Leave a comment
OECD report: Poverty engulfing many Australians
March 19, 2014
Dan Harrison
Child poverty is on the rise and fewer of us are donating to charity, according to a report that brings into question Australia’s self-perception as the land of the fair go.
March 25, 2014 Leave a comment
Microsoft shares flirt with dotcom-boom levels on iPad app report
4:41pm EDT
By Soham Chatterjee
(Reuters) – Microsoft Corp’s shares scaled levels last seen in the dotcom boom following reports that the company plans to unveil an iPad version of its Office software suite, potentially generating billions of dollars in revenue.
咬定青山不放松，立根原在破岩中。 千磨万击还坚劲，任尔东西南北风。
Bamboo Innovator 