How Our Camera-Phone Nation is Inspiring Artists; Now that everyone is a photographer, artists are redefining what photography is

How Our Camera-Phone Nation is Inspiring Artists

Now that everyone is a photographer, artists are redefining what photography is

ELLEN GAMERMAN

Dec. 12, 2013 7:40 p.m. ET

Everyone with a camera phone thinks the sunset photo they just shot is special. Penelope Umbrico knows better. When the New York artist searches Flickr to find photos for her art—monumental works that piece together as many as 2,500 shots of sunsets from around the world—she has more than 15 million images to choose from. Read more of this post

How Isaac Newton Went Flat Broke Chasing A Stock Bubble

How Isaac Newton Went Flat Broke Chasing A Stock Bubble

Tyler Durden on 12/10/2013 15:14 -0500

Submitted by Tim Price of Sovereign Man blog,

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For practitioners of Schadenfreude, seeing high-profile investors losing their shirts is always amusing.

But for the true connoisseur, the finest expression of the art comes when a high-profile investor identifies a bubble, perhaps even makes money out of it, exits in time – and then gets sucked back in only to lose everything in the resultant bust.

An early example is the case of Sir Isaac Newton and the South Sea Company, which was established in the early 18th Century and granted a monopoly on trade in the South Seas in exchange for assuming England’s war debt. Investors warmed to the appeal of this monopoly and the company’s shares began their rise. Read more of this post

Forget the Romance. Web Christmas Tree Sales Are Surging

Forget the Romance. Web Christmas Tree Sales Are Surging

It’s snowing. The children laugh and prance through the woods. Dad fells the perfect fir and carries it home over his shoulder. The family sings carols and drinks cocoa as they happily decorate the tree. Read more of this post

Finding Your Company’s ‘Controversy Sweet Spot’

Finding Your Company’s ‘Controversy Sweet Spot’

Dec 05, 2013

As the saying goes, there’s no such thing as bad publicity. Extend the aphorism, and there is no such thing as bad controversy — especially if that controversy causes conversation. By that thinking, any buzz-generating event, even if wrapped around something less than wholesome, should be a positive for a company or brand looking to get some attention. Read more of this post

Embracing the J&J Credo: For a guide to Johnson & Johnson’s future, Alex Gorsky turned to a document written 79 years ago by a scion of the firm’s founding family

SATURDAY, DECEMBER 14, 2013

Embracing the J&J Credo

By LESLIE P. NORTON | MORE ARTICLES BY AUTHOR

For a guide to Johnson & Johnson’s future, Alex Gorsky turned to a document written 79 years ago by a scion of the firm’s founding family.

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It was do-or-die time for Johnson & Johnson . The sprawling health-care giant had just announced the eighth recall of Tylenol in less than two years, two factories were operating under a consent decree with the Food and Drug Administration, and it was being sued over the failure of some of its artificial hips — major embarrassments for a company once regarded as the gold standard in ethics and quality. Read more of this post

Differences in How Men and Women Think Are Hard-Wired; Recent Studies Raise the Possibility That Male Brains Are Wired for Focus, Female Brains for Multitasking

Differences in How Men and Women Think Are Hard-Wired

Recent Studies Raise the Possibility That Male Brains Are Wired for Focus, Female Brains for Multitasking

ROBERT LEE HOTZ

Dec. 9, 2013 7:04 p.m. ET

Researchers are finding brains of women and men display distinctive differences that are shaped by the interplay of heredity, experience, and biochemistry. Science writer Robert Lee Hotz explains on Lunch Break. Photo: Getty Images.

So many things come down to connections—especially the ones in your brain. Women and men display distinctive differences in how nerve fibers connect various regions of their brains, according to a half-dozen recent studies that highlight gender variation in the brain’s wiring diagram. There are trillions of these critical connections, and they are shaped by the interplay of heredity, experience and biochemistry. Read more of this post

Business is buzzing in South Africa as ‘Brand Mandela’ profits from former president’s death

December 13, 2013 6:15 pm

Business is buzzing in South Africa as ‘Brand Mandela’ profits from former president’s death

By Javier Blas in London and Andrew England in Pretoria

At a junction in one of Johannesburg’s affluent leafy suburbs on Friday two young men weave among cars waiting at a traffic light, hawking shiny, hologram-style portraits ofNelson Mandela that change colour as they move. The asking price is 100 rands, or just under $10. “After Mandela passed away we bought these so people can have a memory of him,” says Tshepo Mabaso, 21, one of the street vendors. Read more of this post

Best Business Books 2013

December 2, 2013 / Winter 2013 / Issue 73

Business Literature: Best Business Books 2013

Best Business Books 2013

Our annual review of the year’s best business books. See also Best Business Books 2013—in Pictures.

by Theodore Kinni

Best Business Books 2013 – In Pictures

Click here for a slideshow of our picks for the Best Business Books of 2013 in seven categories. Welcome to the 13th annual edition ofstrategy+business’s best business books. Every year we strive to assemble a reading list that will not only engross and entertain you, but also provide concepts, tools, and insights that can help you lead your company to a better future. Read more of this post

Political Connections and Earnings Quality: Evidence from India

Political Connections and Earnings Quality: Evidence from India

R. Narayanaswamy Indian Institute of Management (IIMB), Bangalore

November 25, 2013
IIM Bangalore Research Paper No. 433

Abstract: 
This paper investigates the association between political connections and earnings quality in Indian companies. Recent corporate scandals (e.g., 2G mobile phone licences, coal block allocations, iron ore and granite mining licences) have underlined the political connectedness of Indian business entities. The increasing role of the private corporate sector in the economy in the wake of the economic liberalization has strengthened the traditional links between business organizations and the political system. The involvement of politicians in business and of business organizations in politics, the participation of senior civil servants in political and business-related activities and the dependence of political parties on donations from business organizations for funding elections have contributed to the importance of political connections in business. We find that connected firms have lower earnings quality than non-connected firms and are more likely to engage Big Four auditors.

A Checklist for Investors: Here’s one of the most reliable ways to improve the quality of your portfolio.

A Checklist for Investors: Here’s one of the most reliable ways to improve the quality of your portfolio.

JASON ZWEIG

Dec. 13, 2013 7:35 p.m. ET

With U.S. stocks up 27% this year, many investors might already be struggling to avoid getting greedy and making careless mistakes. By building a checklist—a standardized set of questions you must answer before you commit to any investment decision—you can reduce the risk of making costly errors. The best way to do that is by looking at your past mistakes. That’s true no matter how you invest, even if you don’t buy individual stocks at all. Read more of this post

Investors Who Keep Trading—and Trading; Why do so many high-end investors struggle with making trades?

Investors Who Keep Trading—and Trading

Why do so many high-end investors struggle with making trades?

JASON ZWEIG

Dec. 13, 2013 11:26 a.m. ET

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“THE INVESTOR’S CHIEF problem—and even his worst enemy—is likely to be himself.” Those words from Benjamin Graham, the great investment theorist and mentor to Warren Buffett, are as true for wealthy investors today as when he wrote them in 1949. And they apply at least as well to wealthy investors as they do to everyone else. In fact, having more money can make individuals even more inclined to violate certain basic rules of investing. Read more of this post

FDA looks again at Boston Scientific anti-stroke device

FDA looks again at Boston Scientific anti-stroke device

Mon, Dec 9 2013

By Susan Kelly

(Reuters) – U.S. Food and Drug Administration staff reviewing data on Boston Scientific Corp’s novel anti-stroke device highlighted the implant’s failure to meet a key goal for effectiveness in a recent study but said on Monday that other data must be weighed in deciding whether it should be approved. Read more of this post

Why the ‘Electronic Nose’ Is Set to Revolutionize Health Care

Why the ‘Electronic Nose’ Is Set to Revolutionize Health Care

Dec 06, 2013

Samuel M. Khamis, the CEO of a new tech start-up, is building a chip that can be embedded in your smartphone and will be able to smell your breath. With just a whiff, the “electric nose” sensor, which Khamis is developing at Adamant Technologies, can provide information about a person’s current metabolic state and detail how many calories he or she is burning in real time. For those looking to lose weight, this would be potentially invaluable. The invention is also being refined to warn users well in advance if they’re about to have an asthma attack. Khamis expects his new sensor technology will eventually be used for many other real-time health care applications, with developers testing all different kinds of possibilities around breath analysis. Adamant has been growing quickly, securing venture capital financing along the way, and Khamis is hopeful his product will be available to the masses within the next few years. The ultimate goal is to help people manage their health more effectively and give doctors and health care professionals in-depth information about their patients. Knowledge@Wharton sat down with Khamis to discuss the technology and its growth prospects. The interview was conducted jointly with Hoag Levins, editor of LDI Health Economist Magazine.

An edited version of the transcript appears below.

Hoag Levins: Sam, how did you get interested in this subject in the first place?

Samuel M. Khamis: I’ve always been interested in the idea of using advanced technology to help the general population, and it became a personal mission of mine before I went to grad school. When I went to grad school at UPenn back in 2004, I started working on novel nanotechnology. Read more of this post

Vitamins’ Old, Old Edge

December 9, 2013

Vitamins’ Old, Old Edge

By CARL ZIMMER

In 1602, a Spanish fleet was sailing up the Pacific coast of Mexico when the crew became deathly ill. “The first symptom is pain in the whole body that makes it sensitive to touch,” wrote Antonio de la Ascensión, a priest on the expedition. “Purple spots begin to cover the body, especially from the waist down; then the gums become so swollen that the teeth cannot be brought together, and they can only drink, and finally they die all of a sudden, while talking.” Read more of this post

The Next Front in Cancer Care; As More Patients Survive, Cancer Centers Handle Disease’s Knock-On Effects

The Next Front in Cancer Care

As More Patients Survive, Cancer Centers Handle Disease’s Knock-On Effects

LAURA LANDRO

Dec. 9, 2013 7:34 p.m. ET

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For cancer patients, getting through the rigors of treatment is the first hurdle. Then, life as a cancer survivor poses its own daunting physical and emotional challenges. A growing number of hospitals and community cancer centers, which treat the majority of the nation’s cancer patients, are launching survivorship-care programs. These include treatment follow-up plans, physical rehabilitation and emotional assistance, such as counseling and support groups. They resemble programs currently offered by big urban cancer centers like MD Anderson in Houston and Memorial Sloan-Kettering in New York. Read more of this post

Tata Steel’s Rise Isn’t Iron Clad

Tata Steel’s Rise Isn’t Iron Clad

Europe Is Reeling From Too Much Steel Capacity

ABHEEK BHATTACHARYA

Updated Dec. 13, 2013 3:59 a.m. ET

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Green shoots of economic revival in Europe and India are making Tata Steel500470.BY +0.20% investors euphoric. They may have gotten ahead of themselves. The Mumbai-listed steelmaker has become a play on the industrial sectors in both parts of the world. After Tata bought Britain’s Corus Steel in 2007, about 60% of its revenue comes from Europe, and most of the rest from India. Read more of this post

Big data can blind us to the long term

December 9, 2013 4:52 pm

Big data can blind us to the long term

By Andrew Hill

The numbers look good but without technical expertise and intuition do not add up to much

Before long, “everything that computes will connect, and everything that connects will compute”, Abhi Ingle, who spearheads innovation at AT&T, told last week’sFT Innovate America conference in Silicon Valley. Read more of this post

What Yahoo Didn’t Want Investors to Know

What Yahoo Didn’t Want Investors to Know

There have been two developments of note at Yahoo! Inc. this week. One was the news that Yahoo was forced to make an unflattering disclosure against its wishes, although investors don’t seem terribly unnerved by the information that came out. The other was an analyst’s report reminding investors that Yahoo’s value doesn’t have much to do with its core business anymore. Read more of this post

The spectre of flawed IT ought to scare us all; It is only when a system suffers a failure that the techies come into their own; One of the few CIOs to end up running a large corporate is Phil Clarke, the boss of Tesco

December 10, 2013 4:37 pm

The spectre of flawed IT ought to scare us all

By Luke Johnson

It is only when a system suffers a failure that the techies come into their own

Iam worried that most of my companies are not tech-savvy enough. Despite our bias towards sectors such as hospitality, technology needs to be front and centre in our thinking. From mobile meal ordering to digital menus to social media wizardry, the eating experience is being reinvented by technology. In the years ahead, any business that fails in its IT strategy will surely go broke. Read more of this post

Some Cisco investors urge an exit from set-top box unit

Some Cisco investors urge an exit from set-top box unit

7:04am EST

By Sinead Carew

NEW YORK (Reuters) – Cisco Systems Inc Chief Executive John Chambers is facing growing pressure from investors to exit its television set-top box business, where revenue has been plummeting and profit margins trail the rest of the company. The problem is that there are few obvious buyers for the unit – the former Scientific Atlanta that Cisco bought for $6.9 billion in 2005 – so Chambers might have no choice but to close the business, analysts said. Read more of this post

Netflix Says Binge Viewing is No ‘House of Cards’; Half the users it studied watch an entire season in one week.

Netflix Says Binge Viewing is No ‘House of Cards’

Half the users it studied watch an entire season in one week.

JOHN JURGENSEN

Dec. 12, 2013 8:26 p.m. ET

Netflix NFLX -0.91% is trying to better understand your binge-viewing habits. The company Friday will reveal a snapshot of a phenomenon that is reshaping TV culture—viewers devouring shows in lengthy chunks, episode after episode. Executives say they found a strikingly consistent pattern in the pace at which people binge: In general, about half the viewers studied finished a season (up to 22 episodes) within one week Read more of this post

Microsoft’s Xbox One Sales Hit 2 Million Amid Race to Catch Sony

Microsoft’s Xbox One Sales Hit 2 Million Amid Race to Catch Sony

Microsoft Corp. (MSFT) said sales of the new Xbox One video-game console reached more than 2 million in its first 18 days on the market, as the company vies to keep pace with Sony Corp.’s PlayStation 4 during the holiday season. Sony said on Dec. 3 that it had sold 2.1 million of its machines since they went on sale Nov. 15 in North America. Microsoft, which introduced Xbox One on Nov. 22 in 13 countries, is selling pretty much every console it can get into stores and has “aggressive” plans to restock, said David Dennis, a spokesman for Xbox, in an interview yesterday. Read more of this post

How LinkedIn Manages Hyper-growth over the Long-term

How LinkedIn Manages Hyper-growth over the Long-term

Dec 10, 2013

The last few years have seen the emergence of a number of successful public technology companies. The social networking site LinkedIn would likely be at the top of many of those rankings. Read more of this post

Google Puts Money on Robots, Using the Man Behind Android

December 4, 2013

Google Puts Money on Robots, Using the Man Behind Android

By JOHN MARKOFF

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PALO ALTO, Calif. — In an out-of-the-way Google office, two life-size humanoid robots hang suspended in a corner. If Amazon can imagine delivering books by drones, is it too much to think that Google might be planning to one day have one of the robots hop off an automated Google Car and race to your doorstep to deliver a package? Read more of this post

Google Adds to Its Menagerie of Robots; Boston Dynamics’ four-legged robot named WildCat can gallop at high speeds.

December 14, 2013

Google Adds to Its Menagerie of Robots

By JOHN MARKOFF

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Boston Dynamics’ four-legged robot named WildCat can gallop at high speeds.

SAN FRANCISCO — BigDog, Cheetah, WildCat and Atlas have joined Google’s growing robot menagerie. Google confirmed on Friday that it had completed the acquisition of Boston Dynamics, an engineering company that has designed mobile research robots for the Pentagon. The company, based in Waltham, Mass., has gained an international reputation for machines that walk with an uncanny sense of balance and even — cheetahlike — run faster than the fastest humans. Read more of this post

Future technology is bright, says Intel guru Steve Brown

Future technology is bright, says Intel guru Steve Brown

December 12, 2013

Katie Cincotta

I can see clearly now: Intel futurist Steve Brown says our evolving computers are on the brink of some big advances. here is something evocative, almost spiritual, about someone who gets to have the title ”chief evangelist and futurist” on their business card. Steve Brown is that person, the professional crystal-ball gazer for Intel. He has been a researcher at the computer giant’s semi-conductor super-site in Oregon, in the US Pacific north-west, for more than 28 years, looking ahead as many as 10 or 15 years to see what’s in store for consumer and business technology. Read more of this post

Alibaba, Samsung making own version of Google Glass: Sources

Alibaba, Samsung making own version of Google Glas: Sources

Thursday, December 12, 2013 – 09:52

Kim Ji-hyun

The Korea Herald/Asia News Network

SEOUL – Jack Ma, founder of Alibaba Group, China’s largest online trading company, on Wednesday met with Samsung Electronics executives including mobile chief Shin Jong-kyun. While Samsung remained tight-lipped on the matter, sources said the two sides had much to talk about, including Alibaba’s ambitions to manufacture its own version of the Google Glass – a wearable computer fitted with an optical head-mounted display that is to serve as a ubiquitous computer. Read more of this post

After Setbacks, Online Courses Are Rethought

December 10, 2013

After Setbacks, Online Courses Are Rethought

By TAMAR LEWIN

Two years after a Stanford professor drew 160,000 students from around the globe to a free online course on artificial intelligence, starting what was widely viewed as a revolution in higher education, early results for such large-scale courses are disappointing, forcing a rethinking of how college instruction can best use the Internet. Read more of this post

Lessons From a Hot Market: Stocks are booming. But don’t get smug. Here’s what you can learn from this year’s rally

Lessons From a Hot Market

Stocks are booming. But don’t get smug. Here’s what you can learn from this year’s rally.

LIAM PLEVEN

Dec. 13, 2013 6:56 p.m. ET

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The stock market is teaching investors some valuable lessons in 2013. But in order to make the most of them, you should first acknowledge that this year’s outsize gains don’t necessarily make you a genius. It is easy to feel smart during a broad, sustained rally. Major U.S. stock indexes are up at least 20% to 30% in 2013, on top of double-digit increases last year. Foreign markets are mixed, but Japan and Germany are among those that have risen sharply. Read more of this post

Samsung Shifts Plants From China to Protect Margins

Samsung Shifts Plants From China to Protect Margins

Samsung Electronics Co. (005930) built the world’s largest smartphone business by tapping China’s cheap and abundant workforce. Not for much longer: it’s shifting output to Vietnam to secure even lower wages and defend profit margins as growth in sales of high-end handsets slows. By the time a new $2 billion plant reaches full production in 2015, China’s communist neighbor will be making more than 40 percent of the phones that generate the majority of Samsung’s operating profit. The Suwon, South Korea-based company’s second handset factory in Vietnam is due to begin operations in February, according to a Nov. 22 statement on the local government’s website. Read more of this post