Facebook: What is Mark Zuckerberg’s end game?

Facebook: What is Mark Zuckerberg’s end game?

February 23, 2014 – 4:00PM

Matt Warman

The first time I met Mark Zuckerberg, the Facebook founder was wearing his trademark hooded sweatshirt, as he visited London’s Barbican Centre to try to convince a specially gathered group of software writers that they should be working with his social network. Read more of this post

Daim’s exclusion from Malaysia’s richest list queried

Daim’s exclusion from Malaysia’s richest list queried

Sunday, February 23, 2014 – 16:12

The Star/Asia News Network

PETALING JAYA – PKR Youth chief Shamsul Iskandar Mohd Akin has questioned why former Finance Minister Tun Daim Zainuddin was left out of the list of Malaysia’s 40 richest individuals compiled by Malaysian Business Magazine. Read more of this post

Indonesian copper smelters at risk as mining policy misfires

Indonesian copper smelters at risk as mining policy misfires

7:01pm EST

By Michael Taylor and Wilda Asmarini

JAKARTA (Reuters) – Indonesian policies to force miners to process raw materials at home are misfiring, as disputes over the new rules disrupt plans to invest nearly $4 billion in copper smelters to cater for miners such as Freeport-McMoRan Copper & Gold. Read more of this post

Microsoft resets Windows Phone to reach lower cost markets

Microsoft resets Windows Phone to reach lower cost markets

5:53pm EST

By Paul Sandle

BARCELONA (Reuters) – Microsoft Corp is pushing to reach a far wider audience for smartphones running its Windows Phone software by turning to cheaper chipsets and easing restrictions on how phone makers use its software to encourage them to drive down costs. Read more of this post

Beyond cute cats: How BuzzFeed is reinventing itself

Beyond cute cats: How BuzzFeed is reinventing itself

9:00am EST

By Jennifer Saba

NEW YORK (Reuters) – BuzzFeed has come a long way from cat lists. This month one of its journalists was on the ground in Kiev reporting on the crisis in Ukraine, and last December it published an in-depth article on a Chinese dissident living in Harlem, New York. Read more of this post

The Structure of a Story

The Structure of a Story

February 17, 2014 by Shane Parrish

“Human beings master the basics of storytelling as young children and retain this capability throughout their lives.” — Stephen Denning

When psychologist T. A. Harley researched the academic literature on the structure of stories, he concluded, “There is no agreement on story structure: virtually every story grammatician has proposed a different grammar.” Read more of this post

The Dangers of Planning: Goals Gone Wild

The Dangers of Planning: Goals Gone Wild

February 18, 2014 by Shane Parrish

In 1996 a disaster of historic proportion happened on the peak of Mount Everest. In the entire climbing season of 1996 fifteen climbers died. Eight of those deaths took place  on a single day. Journalist and mountain climber Jon Krakauer captured this story in his breathtaking book Into Thin Air. Krakauer didn’t just uncover the story after the fact, he was on the mountain that day. Read more of this post

Accountability

Accountability

February 21, 2014 by Shane Parrish

“There are always three speeches for every one you actually gave: the one you practiced, the one you gave, and the one you wish you gave.” — Dale Carnegie

I thought I’d post some excerpts from a recent talk I gave to student athletes at Bradley University on accountability. Read more of this post

How Using a Decision Journal can Help you Make Better Decisions

How Using a Decision Journal can Help you Make Better Decisions

February 20, 2014 by Shane Parrish

“Odds are you’re going to discover two things. First, you’re right a lot of the time. Second, it’s often for the wrong reasons.”

We’ve talked quite a bit about decision journals and the one question I get asked more than any other is what should my decision journal look like? Read more of this post

How To Think

How To Think

February 19, 2014 by Shane Parrish

Sebastian Garcia made a mistake but he couldn’t figure it out. At the 2011 National Junior High Chess Championship he was looking strong and heading towards a victory. Then he made a mistake, squandering his advantage. A few moves later the collapse was complete. Sebastian shook hands with the boy who had beaten him and walked back to Union B, the conference room down the hall. Union B was the makeshift home for his chess team from Intermediate School 318 in Brooklyn. Read more of this post

SEEK’s interest in Asia’s online employment company JobStreet, dates back at least six years; JobStreet was started by founder Mark Chang, who graduated from MIT with a science master’s degree in mechanical engineering

Behind the deal: SEEK’s Asia push a long game

Published 24 February 2014 10:54, Updated 24 February 2014 10:55

Joyce Moullakis

SEEK’s interest in Asia’s online ­employment company, JobStreet ­Corporation, dates back at least six years, about the time James Packer was still chairman of the burgeoning ­Melbourne-based company. Read more of this post

How to Bring the Price of Health Care Into the Open; There’s a Big Push to Tell Patients What They’ll Pay-Before They Decide on Treatment

How to Bring the Price of Health Care Into the Open

There’s a Big Push to Tell Patients What They’ll Pay—Before They Decide on Treatment

MELINDA BECK

Updated Feb. 23, 2014 5:03 p.m. ET

It’s a simple idea, but a radical one. Let people know in advance how much health care will cost them—and whether they can find a better deal somewhere else.

With outrage growing over incomprehensible medical bills and patients facing a higher share of the costs, momentum is building for efforts to do just that. Price transparency, as it is known, is common in most industries but rare in health care, where “charges,” “prices,” “rates” and “payments” all have different meanings and bear little relation to actual costs. Read more of this post

`Jeonse` for Seoul apartment equivalent to 6 yrs. of average income of urban workers

`Jeonse` for Seoul apartment equivalent to 6 yrs. of average income of urban workers

2014.02.24 13:46:53

The average ‘jeonse’ price for an apartment in Seoul last year was equivalent to 5.7 years (5 years and 8 months) of income of urban worker households, according to data by Real Estate 114, a Seoul-based real estate information provider, Monday.
Jeonse refers to a lease system in which a tenant pays a large lump-sum deposit for typically a two-year rental period.  Read more of this post

Steven Spielberg got rejected from film school … three times. Oprah Winfrey was told she was “unfit for TV.” Stephen King received 30 rejections for “Carrie.” Walt Disney was told a mouse would never work.

14 people who failed before becoming super successful stars

Aly Weisman, Business Insider | February 22, 2014 7:00 AM ET
More from Business Insider

The names Oprah Winfrey, Walt Disney, and Steven Spielberg aren’t usually associated with failure.

But before these super successful stars made it big in Hollywood, they first failed, were fired, or heard the word “no” countless times. Read more of this post

Language limits Korea’s start-ups

2014-02-18 15:54

Language limits Korea’s start-ups

‘Internet yields more benefits than social cost’
By Kim Yoo-chul
Risk aversion and language barriers are the two biggest obstacles limiting start-ups in Korea and hindering the organic growth of the online and technology industries in Korea, according to a Google vice president.
“Language is one obvious limitation. Korean businesses need to deal with markets in which Korean is not normally spoken,” Google Chief Internet Evangelist and Vice President Vinton Cerf said in a written interview with The Korea Times. Read more of this post

‘Brands must personify themselves’; In the past, we used to focus on how brands came to life through identity, which is relatively simple. Now, we have brands having conversations with people across digital media, so the brand actually has a voice

2014-02-23 14:15

‘Brands must personify themselves’

By Kim Bo-eun
Korean companies do not dare to voice out opinions on social or political issues for fear of offending the government, businesses or customers.
However, branding consultancy Interbrand’s chief marketing officer (CMO) says more global brands are developing human personalities that voice their stance on various issues, and these personalities can help brands stand out and succeed. Read more of this post

Kakao beats Naver in brand value

2014-02-23 17:06

Kakao beats Naver in brand value

By Kim Rahn
Kakao Talk topped Naver in brand value, a survey showed, Sunday.
Brandstock, a research firm specializing in the ranking of brands, said Kakao Talk ranked first in its survey in the Internet category in February, with 912.74 points out of 1,000. Read more of this post

The Curse of Productivity: When ‘Optimization’ Holds You Back

The Curse of Productivity: When ‘Optimization’ Holds You Back

It’s possible to be too productive.

By Shane Parrish 2/21 8:16am

You’re a rational person right? You want to get better at what you do. You want to be a productivity Ninja. You’ve read all the articles you can find online promising productivity tips. You know all 66 personal development habits for smart people. You know how to send emails while on a Skype conference call while texting! In short, you’re basically a productivity machine. And you spend a lot of time, energy, and money becoming more efficient. But for what? Read more of this post

The Powerlessness of Positive Thinking

February 19, 2014

The Powerlessness of Positive Thinking

Posted by Adam Alter

Since publishing “The Secret,” in 2006, the Australian author Rhonda Byrne has been writing self-help manifestos based on the idea that people who think positive thoughts are rewarded with happiness, wealth, influence, wisdom, and success. In November, 2013, she published “Hero,” the fourth book in the series. The book showcases the wisdom of twelve heroes—businesspeople, sports stars, writers, and philanthropists. Byrne’s idea isn’t new—it’s been a mainstay among greeting-card companies, motivational speakers, and school teachers for decades—but she’s become one of its most visible prophets. “The way to change a lack of belief is very simple,” Byrne writes. “Begin thinking the opposite thoughts to what you’ve been thinking about yourself: that you can do it, and that you have everything within you to do it.” Read more of this post

Master of Influence Robert Cialdini Recommends Five Books

Master of Influence Robert Cialdini Recommends Five Books

February 12, 2012 by Shane Parrish

Psychologist Robert Cialdini wrote two of the the most important books on influence: Yes!: 50 Scientifically Proven Ways to be Persuasive and The Psychology of Persuasion.

Now he recommends five books for you: Read more of this post

The art of practical leadership

The art of practical leadership

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Sunday, February 23, 2014 – 09:00

Han Fook Kwang

Managing Editor

The Straits Times

FORMER head of civil service Lim Siong Guan’s new book on leadership contains a passage that made me cast my mind back to my first boss at work.

In The Leader, The Teacher And You, the retired civil servant recounted a conversation he had with then Prime Minister Lee Kuan Yew at their first meeting. Mr Lee had told him: “Always look at the foreigner in his eyes. Never look down. You are dealing with him as a representative of Singapore. Conduct yourself as his equal.” Read more of this post

Asylum Fraud in Chinatown: Industry of Lies

Asylum Fraud in Chinatown: Industry of Lies

By KIRK SEMPLE, JOSEPH GOLDSTEIN and JEFFREY E. SINGERFEB. 22, 2014

A Chinese woman walked into a law office in New York’s Chinatown and asked to see her lawyer. She had applied for asylum, claiming that she had been forced to get an abortion in China to comply with the country’s family-planning laws, and she was anxious about her coming interview with immigration officials. Read more of this post

After Farmers Commit Suicide, Debts Fall on Families in India

After Farmers Commit Suicide, Debts Fall on Families in India

By ELLEN BARRYFEB. 22, 2014

BOLLIKUNTA, India — Latha Reddy Musukula was making tea on a recent morning when she spotted the money lenders walking down the dirt path toward her house. They came in a phalanx of 15 men, by her estimate. She knew their faces, because they had walked down the path before. Read more of this post

Grey eminences: How companies try to influence governments

Grey eminences: How companies try to influence governments

Feb 22nd 2014 | From the print edition

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LOBBYISTS SOMETIMES FEEL unloved. Jeremy Galbraith of Burson-Marsteller, a lobbying firm, tells the story of a taxi ride he took in Oslo. The conversation was flowing nicely until the driver asked him what he did for a living. The rest of the journey passed in silence. Heather Podesta, a lobbyist in Washington, DC, defiantly wears a badge displaying an L to demonstrate pride in her profession. Read more of this post

Looking both ways: Governments’ relationship with the tech sector is hideously complicated

Looking both ways: Governments’ relationship with the tech sector is hideously complicated

Feb 22nd 2014 | From the print edition

IF THERE IS an industry that exemplifies the virtues of the private sector, it is technology. In the past 30 years a wave of innovations has transformed the lives of consumers in the developed world, allowing people to engage in a huge range of activities by using devices they can hold in their hand. Read more of this post

Competition policy: Crossing continents; Competition authorities are increasingly reaching beyond their countries’ borders

Competition policy: Crossing continents; Competition authorities are increasingly reaching beyond their countries’ borders

Feb 22nd 2014 | From the print edition

WHEN TWO AMERICAN presidents, Theodore Roosevelt and William Howard Taft, embarked on a trustbusting mission a century ago, they were taking government into a new policy area: competition. Industrialisation was still relatively new, and any monopolies that had emerged, such as the British and Dutch East India companies, had been created by governments. Read more of this post

A world of robber barons: The relationship between business and government is becoming increasingly antagonistic, says Philip Coggan. But the two sides should not overdo it: they need each other

Companies and the state

A world of robber barons: The relationship between business and government is becoming increasingly antagonistic, says Philip Coggan. But the two sides should not overdo it: they need each other

Feb 22nd 2014 | From the print edition

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IN THE MIDDLE AGES the Rhine was Europe’s most important commercial waterway. Like many modern highways, it was a toll route. Toll points were meant to be approved by the Holy Roman Emperor, but local landowners often charged river traffic for passing through. These “robber barons”, as they became known, were a serious impediment to trade, and imperial forces had to take costly punitive action to remove them. Read more of this post

Regulation Tangled; The rich world needs to cut red tape to encourage business

Regulation Tangled; The rich world needs to cut red tape to encourage business

Feb 22nd 2014 | From the print edition

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THE WORLD ECONOMIC FORUM, which held its annual gathering of the great and the good in Davos last month, takes advantage of its privileged mailing list to quiz its members on a whole range of issues, including the burden of government regulation. Singapore has come out on top as the least burdensome for the past eight years (see chart 3), whereas many EU countries are bumping along near the bottom. Of the 148 countries surveyed in 2013, Spain was ranked 125th, France 130th, Portugal 132nd, Greece 144th and Italy 146th. Read more of this post

Plucking the geese: Traditional ways of raising tax do not work well in a globalised world

Plucking the geese: Traditional ways of raising tax do not work well in a globalised world

Feb 22nd 2014 | From the print edition

LOUIS XIV’S FINANCE minister, Jean-Baptiste Colbert, famously declared that “the art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing.” When it comes to taxing companies, a modern finance minister might rephrase this as “the largest possible amount of revenue with the smallest possible amount of economic and political damage.” Read more of this post

Singapore Ups Sin Taxes Amid Higher Social Spending

February 22, 2014, 11:43 AM

Singapore Ups Sin Taxes Amid Higher Social Spending

CHUN HAN WONG

SINGAPORE—Indulging in drinks, smokes or even a wager are about to become pricier in this strait-laced island state.

Singapore increased duties levied on tobacco and liquor products on Friday, and will raise taxes on lottery betting from July, Deputy Prime Minister Tharman Shanmugaratnam told Parliament his annual budget speech. Read more of this post