R.E.S.-ilience in Value Creation 《竹经：经商经世离不得立根创新》
June 24, 2014 Leave a comment
Family feuds are complicated by wealth
Advisers add stability by preparing the next generation, U.S. Trust survey finds
By Minda Smiley | June 20, 2014 – 1:25 pm EST
Turns out there’s proof that money doesn’t solve all problems.
Family dynamics and complex financial circumstances are often complicated by increased wealth, the 2014 U.S. Trust Insights on Wealth and Worth survey found. Read more of this post
June 24, 2014 Leave a comment
Emerging-markets rebound hasn’t convinced everyone
Last month investors sent $45B into emerging markets, the most money to developing countries in 20 months, despite Fed taper
By Trevor Hunnicutt | June 20, 2014 – 2:00 pm EST
Investors in May drove the most money into emerging markets in 20 months but at least one fund manager is waiting for more volatility before he’s completely bullish. Read more of this post
June 24, 2014 Leave a comment
Apple’s iWatch may sport multiple designs: WSJ
1:21pm EDT
SAN FRANCISCO (Reuters) – Apple Inc plans to launch smartwatches with multiple screen sizes and designs this fall, the Wall Street Journal on Friday cited a person familiar with the matter as saying.
Taiwan’s Quanta will begin mass production of Apple’s first smartwatches from July, in time for an October launch, several sources familiar with the matter told Reuters on Thursday. Read more of this post
June 24, 2014 Leave a comment
June 20, 2014
CFO.com | US
Auditors Favor Curbs on Changes to the Audit Report
Ninety-eight percent of “critical audit matters” identified during a field test involving 51 audits were previously communicated to the audit committee.
Rather than divulge every worry that kept them up at night during an audit, some auditors feel that they should limit their reporting of “critical audit matters” to the anxieties they’ve reported to the audit committee, according to an analysis of a field test of the Public Company Accounting Oversight Board’s proposal to revamp the auditor’s report. Read more of this post
June 24, 2014 Leave a comment
Intuit CEO Brad Smith Talks Big Trends and Changes
SAN ANTONIO (JUNE 18, 2014)
BY DANIELLE LEE
Intuit president and CEO Brad Smith reflected on the company’s three decades of agility, outlined current products and partnerships, and forecasted industry trends—while carefully alluding to imminent Intuit innovations—on the final morning of the Scaling New Heights conference Wednesday in San Antonio.
“We’re like Tim Duncan,” he told the general session audience during a sit-down with conference host and QuickBooks consultant Joe Woodard that later opened into an audience Q&A. “We won a championship ring in each of the last three decades, and are going to continue to win.” Read more of this post
June 24, 2014 Leave a comment
Barclays bond index unit hits market; may fetch $400 million: sources
NEW YORK – Barclays Plc has launched a long-anticipated sale process for its Index, Portfolio and Risk Solutions (IPRS) business, which could yield around $400 million for the UK bank, according to people familiar with the matter.
BY –
1 HOUR 54 MIN AGO
NEW YORK – Barclays Plc has launched a long-anticipated sale process for its Index, Portfolio and Risk Solutions (IPRS) business, which could yield around $400 million for the UK bank, according to people familiar with the matter. Read more of this post
June 24, 2014 Leave a comment
Using marketing analytics to drive superior growth
Companies have so many analytical options at their disposal that they often become paralyzed, defaulting to just one approach.
June 2014 | byRishi Bhandari, Marc Singer, and Hiek van der Scheer
There’s no question that the development of better analytical tools and approaches in recent years has given business leaders significant new decision-making firepower. Yet while advanced analytics provide the ability to increase growth and marketing return on investment (MROI), organizations seem almost paralyzed by the choices on offer. As a result, business leaders tend to rely on just one planning and performance-management approach. They quickly find that even the most advanced single methodology has limits. Read more of this post
June 24, 2014 Leave a comment
CAN “ENTREPRENEUR BARBIE” CHANGE GIRLS’ CAREER AMBITIONS?
THE LATEST INCARNATION OF BARBIE WAS ANNOUNCED THIS WEEK–AND THIS TIME, SHE’S GOT THE BACKING OF EIGHT WOMEN ENTREPRENEURS.
Barbie is far from a feminist icon, but with the introduction of “Entrepreneur Barbie” earlier this week several prominent real-life women entrepreneurs hope she’s taking a very tiny high-heeled step in the right direction.
The doll, which was launched by Ruth Hander in 1959, has had a staggering 150 jobs over the decades, and several of her careers have played heavily into stereotypes: model, ballerina, flight attendant, candy striper. Read more of this post
June 23, 2014 Leave a comment
FOR FACEBOOK, AS INDIA GOES, SO GOES THE WORLD?
WHAT FACEBOOK’S SECOND-LARGEST MARKET REVEALS ABOUT ITS INTERNATIONAL AMBITIONS
BY JEFF CHU
Facebook announced earlier this year that it now has 100 million active users in India, making that market second only to the U.S. in size. It’s on pace to become the single-largest market as early as the end of 2014–and a startling 84% of Indian users access the platform entirely or mostly via mobile phone. But the company is now hearing the same rumblings about its India business that it dealt with the last couple of years back home as its users made the transition to mobile: Where’s the money? Its average revenue per Asian user is less than a sixth of that of a North American user. Read more of this post
June 23, 2014 Leave a comment
Top Analyst at China’s Citic Securities Under Investigation
Suspected of Leaking Inside Information
SHEN HONG
June 20, 2014 6:19 a.m. ET
SHANGHAI—China’s securities regulator is investigating a star analyst at the country’s largest stock brokerage for allegedly leaking inside information, intensifying a campaign to strengthen oversight of a market notorious for irregularities and lax risk controls. Read more of this post
June 23, 2014 Leave a comment
Jun 20, 2014
A Walk Through Alibaba’s 11 Main Shopping Site
Chinese e-commerce giant Alibaba Group’s new U.S. shopping site is anything but Chinese.
The beta version of the site, called 11 Main, features a “Made in California” section showcasing six California-based merchants. One of the six is apparel makerFeatherweight Clothing, whose clothes, according to its website, are all made in the U.S and have been worn by celebrities like Pearl Jam singer Eddie Vedder. Another one is Recoverie, which sells block prints, pillow covers and blankets – all handcrafted in San Francisco according to the company. Read more of this post
June 23, 2014 Leave a comment
Jun 20, 2014
Taiwan’s Night Markets Go Global
Taiwan has long been known for its night markets.
According to the island’s tourism bureau, night markets attract more than 70% of foreign visitors. The popularity of these nightly bazaars even prompted the bureau to come up with an app in which players can be virtual street hawkers in the markets.
But as Taiwan becomes more globalized, so too has the selection at the night markets. Read more of this post
June 23, 2014 Leave a comment
Alone at last: Europe’s biggest stock-exchange group becomes independent
Jun 21st 2014 | PARIS | From the print edition
IT LOOKED an ambitious project when the bourses of Paris, Amsterdam and Brussels joined forces in 2000 to create a pan-European union of stock exchanges. They then acquired the London International Financial Futures and Options Exchange (LIFFE) and Portugal’s Bolsa de Valores. After seven years of independence, Euronext disappeared into the maw of the New York Stock Exchange, which in turn was bought by IntercontinentalExchange (ICE) in November 2013. ICE has now spat out Euronext, minus LIFFE and its derivatives business. Defining its new role is almost as big a challenge as Euronext faced in the heroic days of its founding. Read more of this post
June 23, 2014 Leave a comment
Yuawn: Buzz about the rise of China’s currency has run far ahead of sedate reality
Jun 21st 2014 | HONG KONG | From the print edition
IF HEADLINES translated into trading volumes, the yuan would be well on its way to dominating the world’s currency markets. It once again graced front pages this week after moves to lift its status in London, the world’s biggest foreign-exchange market. This was the latest instalment of a five-year-long public-relations campaign. Since 2009, when China first declared its intention to promote the yuan internationally, a string of announcements and milestones has cast the Chinese currency as a putative rival to the dollar. Read more of this post
June 23, 2014 Leave a comment
Counting the cost of finance: A new paper shows the industry’s take has been rising
Jun 21st 2014 | From the print edition
EVERYBODY knows that the collapse of the financial system in 2008 was hugely costly for Western economies. But finance was taking a heavier toll on the economy even before Lehman Brothers went under. Read more of this post
June 23, 2014 Leave a comment
Zombie patents: Drug companies are adept at extending the lifespan of patents, at consumers’ expense
Jun 21st 2014 | From the print edition
IT IS hard to think of an industry in which competition is more important than pharmaceuticals. As health-care costs rocket, the price cuts—often of 85% or more—that generic drugs offer are one easy way to economise. Ibuprofen is a good example. In the early 1980s the drug, which soothes both pain and inflammation, was a costly patented product. Today Boots, a British chemist, sells 16 generic tablets for 40 pence (68 cents), just 2.5 pence per pill. In America, the drug can be bought in bulk for a penny a pop. Indeed, competition from generics is so painful to drugs companies that they have invented a series of ingenious palliatives, exploiting patent laws to help maintain high prices. Read more of this post
June 23, 2014 Leave a comment
Monetary policy and asset prices: A narrow path; Central banks around the world are struggling to promote growth without fomenting worrisome risk-taking
Jun 21st 2014 | Washington, DC | From the print edition
UNTIL the global financial crisis, central banks treated bubbles with benign neglect: they were hard to detect and harder to deflate, so best left alone; the mess could be mopped up after they burst. No self-respecting central bank admits to benign neglect any longer. “No one wants to live through another financial crisis,” Janet Yellen, then a candidate to head the Federal Reserve, said last year. “I would not rule out using monetary policy as a tool to address asset-price misalignments.”
June 23, 2014 Leave a comment
Relentless.com: At 20 Amazon is bulking up. It is not—yet—slowing down
Jun 21st 2014 | PHOENIX AND SEATTLE | From the print edition
HIGH-TECH creation myths are expected to start with a garage. Amazon, impatient with ordinary from the outset, began with a road trip. In the summer of 1994 Jeff Bezos quit his job on Wall Street, flew to Fort Worth, Texas, with his wife MacKenzie and hired a car. While MacKenzie drove them towards the Pacific Northwest, Jeff sketched out a plan to set up a catalogue retailing business that would exploit the infant internet. The garage came later, in a suburb of Seattle, where he set up an office furnished with desks made from wooden doors. About a year later, Amazon sold its first book. Read more of this post
June 23, 2014 Leave a comment
Treating diabetes: There’s an app for that; How software can make diabetics’ lives safer and simpler
Jun 21st 2014 | New York | From the print edition
IF DIABETICS are to keep their blood-sugar levels in a healthy range, they must rely not only on periodic visits to the doctor, but also on careful daily management of their medicine, meals and exercise. For years, this regime included regular self-administered blood-sugar tests and similarly self-administered insulin injections. Now, in the better-off parts of the world at least, these things can be automated. There are gadgets that monitor sugar levels, and implanted pumps that deliver insulin. But Ed Damiano of Boston University and Steven Russell of Massachusetts General Hospital think things could be improved further by using software to make these devices work together as what would, in effect, be an artificial pancreas. Read more of this post
June 23, 2014 Leave a comment
Rain mouse: Recent experiments give a glimmer of hope for a treatment for autism
Jun 21st 2014 | From the print edition
WHAT causes autism is a mystery. One theory is that a phenomenon called the cellular-danger response lies at the root of it. The CDR makes cells put their ordinary activities on hold and instead switch on their defence systems, in reaction to high levels in the bloodstream of chemicals called purines. These are important and widespread substances: ATP, a molecule that shuttles energy around cells, is a purine; so are half the “genetic letters” in DNA. Cells under viral attack tend to shed them. Too many of them in the blood can thus be a signal of viral infection. In that case activating the CDR makes perfect sense. But studies have shown that people with autism (and also those with some other brain conditions, such as schizophrenia) often seem to have chronic CDR. The purine signal has somehow got stuck in the “on” position. Read more of this post
June 23, 2014 Leave a comment
How far can Amazon go? It has upended industries and changed the way the world shops. But it should beware of abusing its power
Jun 21st 2014 | From the print edition
WHEN Jeff Bezos left his job in finance and moved to Seattle 20 years ago to start a new firm, he rented a house with a garage, as that was where the likes of Apple and HP had been born. Although he started selling books, he called the firm Amazon because a giant river reflected the scale of his ambitions. This week the world’s leading e-commerce company unveiled its first smartphone, which Amazon treats less as a communication device than an ingenious shopping platform and a way of gathering data about people in order to make even more accurate product recommendations. Read more of this post
June 23, 2014 Leave a comment
Why Making Enemies Can Help A Brand Succeed
MAGGIE ZHANG STRATEGY JUN. 20, 2014, 2:07 AM
This is part of the “Moving Forward” series offering advice to small business owners on technology, mentorship, productivity, and growth. “Moving Forward” is sponsored by Ink from Chase®. More posts in the series »
In 1984, Apple launched a legendary Superbowl commercial that depicted Apple fans as the visionary, cool kids on the block, while the PC guys were shown as the out-of-touch nerds. The advertisement was a sensation, and the competition had everyone talking about the upcoming release of the Macintosh. Read more of this post
June 23, 2014 Leave a comment
58 Cognitive Biases That Screw Up Everything We Do
DRAKE BAER STRATEGY JUN. 19, 2014, 1:43 PM
We like to think we’re rational human beings.
In fact, we are prone to hundreds of proven biases that cause us to think and act irrationally, and even thinking we’re rational despite evidence of irrationality in others is known as blind spot bias.
The study of how often human beings do irrational things was enough for psychologists Daniel Kahneman to win the Nobel Prize in Economics, and it opened the rapidly expanding field of behavioral economics. Similar insights are also reshaping everything from marketingto criminology. Read more of this post
June 23, 2014 Leave a comment
Can HP Build the Computer of the Future?
By Ashlee Vance June 19, 2014
On June 11, Hewlett-Packard (HPQ) revealed plans to make a new kind of computer that it’s playfully calling The Machine. If HP can pull it off, it will mark a major rethinking of how computers are built. The design aims to combine huge advances in operating systems, memory, and data transfer technology to create a refrigerator-size computer able to store and analyze much of what an entire data center does today. Still years from the market, The Machine has become the talk of the industry, with rivals such as Dell mocking HP’s effort as “laughable” and other experts cheering on HP for trying something big and daring. “I think this is terrific,” says Greg Papadopoulos, a partner at venture capital firm New Enterprise Associates and a former computer architect at HP and Sun Microsystems. “This is new territory where people could get real benefits, and I hope they’re successful.” Read more of this post
June 23, 2014 Leave a comment
How Golf Got Stuck in the Rough
By Lindsey Rupp and Lauren Coleman-Lochner June 19, 2014
Not that long ago, golf was considered the activity of choice for corporate bonding and the upwardly mobile aiming to look successful. Today companies are relying less on glad-handing on the links, and many young people are cool to a pursuit viewed as time-intensive and elitist. The result: Golf is suffering from an exodus of players, and courses are closing. The number of U.S. golfers has dropped 24 percent from its peak in 2002, to about 23 million players last year, according to Pellucid, a consulting company that specializes in the business of golf. It found that in 2013 alone, the game lost 1.1 million players. Read more of this post
June 23, 2014 Leave a comment
5 Simple Ways To Solve Complex Problems
FARNAM STREET STRATEGY JUN. 20, 2014, 3:01 AM
Here are five simple notions, found in “Damn Right!: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger,” that Charlie Munger, the Billionaire business partner of Warren Buffett, finds helpful in solving problems.
1. Simplify
“My first helpful notion is that it is usually best to simplify problems by deciding big “no-brainer” questions first.”
2. Numerical Fluency Read more of this post
June 23, 2014 Leave a comment
22 Quotes That Take You Inside Elon Musk’s Brilliant, Eccentric Mind
DRAKE BAER STRATEGY JUN. 20, 2014, 12:49 PM
When Robert Downey Jr. found out that he was going to play Iron Man in the movies, he said, “We need to sit down with Elon Musk.”
That’s because Musk — colonizer of Mars, transformer of cars, shepherd of solar panels — is the closest thing we’ve got to a superhero.
Born in South Africa, he sold his first software — a game called Blastar — when he was only 11. He went on to found and sell a startup to Compaq for $300 million in 1999, and parlayed that into a major stake in PayPal, which eBay bought for $1.5 billion in 2002. Read more of this post
June 23, 2014 Leave a comment
Grassroots leader mocks old lady at CPF dialogue
June 15th, 2014 | Author: Editorial
It was reported that a 76-year-old former teacher was in tears when she spoke at a CPF dialogue session organised by MP Hri Kumar at Thompson Community Centre yesterday (14 Jun) [Link].
June 23, 2014 Leave a comment
Hon Hai suffers setback in establishing retail chains
Staff Reporter
2014-06-19
Pan International Electronics, a subsidiary of Taiwan-based Hon Hai Precision Industry (also known as Foxconn), has already dumped its 48% stake in consumer electronics retail chain Cybermart, according to Shanghai’s China Business News, citing Taiwanese media reports. Read more of this post
June 23, 2014 Leave a comment
Wang Xisha, daughter of Chinese vice premier Wang Yang
Staff Reporter
2014-06-19
Wang Xisha and husband Nicholas Zhang photographed in Hong Kong in mid-2013. Wang is believed to have given birth to the couple’s first child around the end of last year. (Internet photo) Read more of this post
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 