A novelistic biography makes Machiavelli into a Renaissance Zelig. He cracks Leonardo’s code! He listens to Michelangelo kvetch!

Book Review: ‘Machiavelli’ by Joseph Markulin

A novelistic biography makes Machiavelli into a Renaissance Zelig. He cracks Leonardo’s code! He listens to Michelangelo kvetch!

DAVID POLANSKY

Nov. 11, 2013 6:50 p.m. ET

The life of a great thinker presents unique challenges to a would-be biographer. Actions and events are the stuff of biographies, yet thoughts, not deeds, are what chiefly make the thinker of interest to us. As Heidegger reportedly said of Aristotle: “He lived, he wrote, he died.” Niccolò Machiavelli is that rare exception. To paraphrase “The Princess Bride,” his story gives us fighting, torture, poison, revenge, bad men, good men, conspiracies and miracles. All of which is to say that Machiavelli is more suited than most great thinkers for the novelistic treatment he receives in Joseph Markulin’s “Machiavelli: A Renaissance Life.” That this format is less successful than Sebastian de Grazia’s similarly idiosyncratic biography, “Machiavelli in Hell” (1989), is largely due to Mr. Markulin’s inability to manifest the great man’s ideas—to which all the dramatic episodes are secondary. Read more of this post

Black gold: A hundred years after the first excavations, the asphalt pools at Rancho La Brea, in Los Angeles, are still filling in details of life in the Pleistocene

Black gold: A hundred years after the first excavations, the asphalt pools at Rancho La Brea, in Los Angeles, are still filling in details of life in the Pleistocene

Nov 9th 2013 | Los Angeles |From the print edition

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TO A parched mammoth or giant sloth, they must have looked heaven-sent: mirror pools of water waiting to slake a thirst. Heaven, however, was not their progenitor, for the pools were traps. Below their siren surfaces lay not mud, but tar. For thousands of years they lured thirsty animals, and also hungry ones—carnivores attracted by the calls of those already stuck—to their doom. Read more of this post

Foreigners Share What They Find Most Surprising About America

Foreigners Share What They Find Most Surprising About America

MADELINE STONE NOV. 11, 2013, 3:12 PM 20,435 31

The U.S. has historically had a huge immigrant population. But what makes American culture different from the countries immigrants are leaving? Foreigners, as well as others who happen to know people who are new to the U.S., have been using this Quora thread to share what they think makes America unique. Their answers to the question “What facts about the United States do foreigners not believe until they come to America?” were pretty fascinating. We’ve picked out some especially interesting tidbits.  Read more of this post

Iran’s supreme leader built a real estate empire on seized property

Iran’s supreme leader built a real estate empire on seized property

By Tim Fernholz @timfernholz 6 hours ago

When we found out that Iran had secretly owned a Manhattan skyscraper for decades, we knew the country’s rulers had a talent for moving money, but a new Reuters investigation has revealed a $95 billion corporate empire controlled by Iran’s supreme leader, Ayatollah Ali Khamenei. At least some of that revenue comes from the confiscation of property from religious minorities and other presumed enemies of the state, Reuters reports, and the organization, known in Farsi as Setad Ejraiye Farmane Hazrate, provides Iran’s supreme leader with significant economic clout and independence from the elected government. Iran’s parliament even declared that it would be prohibited from exercising any oversight over the Khamenei’s business interests in 2008. Read more of this post

Pay writers or we’ll pull ads, National Library tells arts website

Pay writers or we’ll pull ads, National Library tells arts website

November 12, 2013 – 12:05PM

Ben Butler

The National Library of Australia has threatened to pull its advertising from a new arts website run by Eric Beecher’s Private Media group unless it starts paying its writers. The Daily Review, an offshoot of Private Media’s popular website Crikey, launched yesterday amid controversy over its decision not to pay for contributions. In an open letter, arts writers, many of whom already write for blogs run by Crikey, have asked others not to contribute to the new site for free. Read more of this post

Managing Complexity Is the Epic Battle Between Emergence and Entropy

Managing Complexity Is the Epic Battle Between Emergence and Entropy

by Julian Birkinshaw  |   11:00 AM November 11, 2013

The business news continues to be full of stories of large companies getting into trouble in part because of their complexity. JP Morgan has been getting most of the headlines, but other banks are also investigation. And many companies from other sectors, from Siemens to GSK to Sony, are under fire. It goes without saying that big companies are complex. And it is also pretty obvious that their complexity is a double-edged sword. Companies are complex by design because it allows them to do difficult things. IBM has a multi-dimensional matrix structure so that it can provide coordinated services to its clients. Airbus has a complex process for managing the thousands of suppliers who contribute to the manufacturing of the A380. Read more of this post

Myanmar princess lives ordinary life

Myanmar princess lives ordinary life

MYANMAR-ROYALS-HISTORY

Tuesday, November 12, 2013 – 03:00

The New Paper

MYANMAR – In a modest Yangon apartment, the granddaughter of Myanmar’s last king lives simply and unrecognised by her neighbours. Princess Hteik Su Phaya Gyi (above), 90, said the childhood days when her family retained some of its royal status were now a distant memory. The British colonial regime dethroned her grandfather, King Thibaw in 1885. The military junta, which ruled the country for decades, kept the family out of the public eye. Read more of this post

Goodbye to ‘Delhi belly’ with safe street food zone

Goodbye to ‘Delhi belly’ with safe street food zone

INDIA-ECONOMY-STREET-FOOD

Tuesday, November 12, 2013 – 08:15

Nirmala Ganapathy

The Sunday Times

India is known for its many beautiful tourist attractions, from Mughal-era tombs to colonial buildings and national parks. It is also known for a not-so- beautiful condition named “Delhi belly”, the tummy upset that has often befallen the unsuspecting traveller. Drinking only bottled water and avoiding street food are some tips that travellers are given to avoid getting sick. Read more of this post

Honesty That Benefits All

NOVEMBER 11, 2013, 10:55 AM

Honesty That Benefits All

By DOUG STEINER

It seems that headlines too often highlight the bad deeds of players in financial markets. There are insider trading scandals. Traders collude on interest rate manipulation. Executives backdate options. We often hear the excuse, “Everyone else was doing it, so I didn’t think it was wrong.” So if jail won’t keep people from committing illegal acts, what will? Economists of a newer breed say they believe they have some answers. Read more of this post

What’s Behind the Green Juice Fad? Carrying a bottle of vegetable juice has become a status symbol

What’s Behind the Green Juice Fad?

Carrying a bottle of vegetable juice has become a status symbol

Suja’s Annie Lawless, co-founder, and Jeff Church, CEO, at the cold-pressed juice company’s San Diego operation Sandy Huffaker for The Wall Street Journal

KATHERINE ROSMAN

Nov. 11, 2013 7:23 p.m. ET

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The price of vegetable, fruit and superfood juice is beginning to approach that of expensive liquor. Katie Rosman joins Lunch Break with a look at the growing market for premium juice, and whether the health claims hold up. Photo: BluePrint.

How much will consumers pay for healthy-in-a-bottle? As much as $10 and sometimes more. At least that’s the belief of high-end grocers likeWhole Foods Market WFM -1.28% and a spurt of small juice companies trying to move the cold-pressed-juice craze from small-batch to mass-produced. A 16-ounce bottle of BluePrint Red, containing beets, carrots and ginger, among other ingredients, goes for $10 at some retailers. And Whole Foods customers are paying $9 for a bottle of celery-based Twelve Essentials vegetable juice, one of the top-sellers from Suja, an 18-month-old juice brand based in San Diego. Suja co-founder Annie Lawless says customers understand the high cost of what goes into the bottle, including organic produce that is cold pressed and then preserved using a process that leaves most of the nutrients intact. “When you buy a bottle, you’re getting all the goodness without any of the effort,” says Ms. Lawless, a 26-year-old former law student and yoga instructor. The company says it generated $20 million in revenue in its first year. Read more of this post

Charterhouse Heirs Struggle to Maintain Bonnyman Legacy

Charterhouse Heirs Struggle to Maintain Bonnyman Legacy

Charterhouse Capital Partners LLP, Britain’s oldest buyout firm, posted some of the industry’s biggest returns after spinning out of HSBC Holdings Plc. (HSBA) Handing off that legacy to the new generation is proving harder. While its London-based competitors expanded across Europe, Charterhouse operated from a single office in the shadow of St. Paul’s Cathedral, betting that a tight-knit culture would produce stronger returns. The strategy worked, with results surpassing CVC Capital Partners Ltd., Europe’s biggest private-equity firm, according to data compiled by Bloomberg. Read more of this post

Privatization should occur ‘carefully’ in China

Privatization should occur ‘carefully’

Updated: 2013-11-12 02:53

By Mike Bastin ( China Daily) Read more of this post

Name Game in Shanghai Trade Zone; Supposed to Make Things Easier, a Reform Testing Ground Has Firms Lining Up for Days to Register

Name Game in Shanghai Trade Zone

Supposed to Make Things Easier, a Reform Testing Ground Has Firms Lining Up for Days to Register

JAMES T. AREDDY

Nov. 11, 2013 7:48 p.m. ET

SHANGHAI—On a recent morning, Kitty Zhang stood in high heels and a pink blazer poised to jump into China’s next big business opportunity. But first, she needed a company name—any name. The 21-year-old, hired to register a financial business, is part of a wave of tens of thousands of people over the past month or so seeking to stake a claim in the new Shanghai free-trade zone. Authorities inaugurated the “testing ground for new policies” in late September, identifying it as a reform hub for the 21st century. Read more of this post

Long silent, China’s entrepreneurs push for change

Long silent, China’s entrepreneurs push for change

Long silent, China’s entrepreneurs speak up for rights, reforms, criticize totalitarianism

By Gillian Wong, Associated Press16 hours ago

BEIJING (AP) — As Chinese career trajectories go, wealthy businesswoman Wang Ying’s has taken an unusual turn. She quit her job as head of a private equity fund to become a full-time political critic. Wang, who was a low-profile member of China’s business elite for years, is now a leading voice among entrepreneurs troubled by the growing ranks of business owners who have suffered under the government’s authoritarian excesses and by signs Beijing wants to further tighten its controls on society. Read more of this post

In China, Luxury Is About More Than High-End Labels

In China, Luxury Is About More Than High-End Labels

ASHLEY KINDERGAN, THE FINANCIALIST NOV. 11, 2013, 6:15 PM 2,737 1

There was a time, not too long ago, when all a luxury goods maker had to do to make a sale in China was to make sure their label was prominent enough. Customers wanted quality, of course, but what they wanted as much or more was the caché that such a purchase conveyed. Those days are over. Like the Chinese economy itself, the country’s luxury goods sector has matured. What matters now is style—and it matters a whole lot more than you might think. Chinese buyers now account for about a quarter of all global luxury goods sales, a larger share than any other country, according to Credit Suisse’s luxury goods analyst Rogerio Fujimori. The success or failure of a high-end brand now depends as much on satisfying the whims of China’s increasingly discerning consumers as it does on the Fashion Week in New York or Milan. Read more of this post

How China’s Filthy Rich Use Macau To Launder Their Money

How China’s Filthy Rich Use Macau To Launder Their Money

MAMTA BADKAR NOV. 11, 2013, 2:51 PM 3,609 3

A stunning $202 billion in “ill-gotten funds are channeled through Macau each year,” according to The Congressional-Executive Commission on China Annual Report 2013. Diplomatic cables released by Wikileaks claimed that the casino and hospitality sector accounted for over 50% of Macau’s GDP but that, “its phenomenal success is based on a formula that facilitates if not encourages money laundering.” Read more of this post

Fraud at this Chinese bitcoin exchange cost clients $4.1M. Here’s why the broader market barely noticed

Fraud at this Chinese bitcoin exchange cost clients $4.1M. Here’s why the broader market barely noticed

BY MICHAEL CARNEY 
ON NOVEMBER 11, 2013

Bitcoin has come a long way in the last year, but it’s still the wild west in terms of regulation and market stability. China, too, has come a long way economically in recent decades, but remains largely unregulated and could be described as the wild east. So it’s not surprising that the recent surge in popularity (and price) of bitcoin in China would be accompanied by fraud. Read more of this post

Chinese cities investing in ‘skynet’ surveillance networks

Chinese cities investing in ‘skynet’ surveillance networks

Staff Reporter

2013-11-12

Various cities across China are building “skynet” networks that can achieve full coverage of a fixed area with real-time monitoring and recorded video surveillance, reports Duowei News, an outlet run by overseas Chinese. A recent slate of terror attacks, including a high-profile jeep crash in Tiananmen Square in Beijing late last month, has again highlighted the country’s plans to increase public surveillance under the banner of “maintaining social order and combating illegal activity.” Read more of this post

Chinese banks move online to cut out the middleman

Chinese banks move online to cut out the middleman

Staff Reporter

2013-11-12

To cope with the rise of online financial businesses, China’s commercial banks have introduced online platforms one after another, the Beijing-based China Securities Journal reports. Banks have felt the pressure of financial disintermediation brought about by the ocean of data available in the internet era, but at the same time they have been striving to be more competitive by digging deep into mounds of data. Financial disintermediation offers bank customers a means of directly engaging in financial activities without the guidance and support of bank personnel. Read more of this post

China’s US$3.6tn forex reserves becoming an unruly monster

China’s US$3.6tn forex reserves becoming an unruly monster

Staff Reporter

2013-11-10

At US$3.6 trillion, China’s forex reserves have become a major headache, not a symbol of national power. According to the State Foreign Exchange Administration, China’s forex reserves increased by US$301.7 billion in the first three quarters this year and may top US$400 billion for the whole year. The number will triple 2012’s US$130.4 billion, assuming the renminbi continues at its expected revaluation. Read more of this post

Beijing Weighs Bigger Private Role in State Firms; Reforming State-Owned Enterprises Has Been Thorny Because of Their Size, Political Clout

Beijing Weighs Bigger Private Role in State Firms

Reforming State-Owned Enterprises Has Been Thorny Because of Their Size, Political Clout

Nov. 11, 2013 11:26 a.m. ET

BEIJING—China is considering letting private investors take larger stakes in state-controlled firms, according to one official, in what would be a modest move toward greater private-sector involvement in areas of the economy dominated by Beijing. “We welcome private capital to invest in the state-owned enterprises. And there are many ways to do that,” said an official from the State-owned Assets Supervision and Administration Commission, or Sasac, in response to queries following a report by the state-run China Daily newspaper on Monday that said Beijing will allow private investors to hold up to 15% of state firms. Read more of this post

Asia’s low-cost carriers hit turbulence

November 12, 2013 1:33 am

Asia’s low-cost carriers hit turbulence

By Jeremy Grant in Singapore

“The People of India deserve to fly. Everyone should be able to fly,” Tony Fernandes, owner of AirAsia, tweeted recently. His comment was a call to arms typical of the Malaysian entrepreneur’s relentless drive to expand his low-cost carrier across the region – most recently to India. The ambitions of Mr Fernandes are another sign of how low-cost carriers (LCCs) have been aggressively growing in Asia as a rising middle class starts to afford air travel for the first time. Read more of this post

Teens Flee Abercrombie for Upstarts as Phones Top Malls

Teens Flee Abercrombie for Upstarts as Phones Top Malls

Teens don’t shop the way they used to.

Where young consumers with spare cash once thronged the likes of Abercrombie & Fitch Co. (ANF) and American Eagle Outfitters Inc. (AEO) for clothing that telegraphed their identities, the new generation is poorer, shuns logos and socializes more on the Internet than at the mall. They’re also increasingly global fashion citizens, mixing garments from brands across the world that are now accessible from their smartphones. Read more of this post

Moncler Looks Beyond Ski Slopes to Repeat Cucinelli IPO Success

Moncler Looks Beyond Ski Slopes to Repeat Cucinelli IPO Success

Moncler’s $1,220 quilted polyester jackets have been a hit with wealthy skiers for decades. Whether the luxury clothier can prove as popular with investors this week may depend on attracting more non-Alpine customers. Moncler, which today starts investor presentations for an initial public offering in Milan, gets about three-quarters of sales from winter apparel, a reliance that makes it a riskier investment proposition than peers like Brunello Cucinelli SpA (BC), according to Rahul Sharma, managing director of Neev Capital, a London-based consulting company. Read more of this post

Thai Senate Rejects Amnesty Bill That Sparked Bangkok Protests

Thai Senate Rejects Amnesty Bill That Sparked Bangkok Protests

Thailand’s Senate rejected a bill that would have provided an amnesty for political offenses stretching back to the nation’s 2006 coup, easing concern that street protests in Bangkok may escalate into violence. Senators voted 141-0 against the draft after more than 10 hours of debate, Surachai Liengboonlertchai, vice president of the Senate, told reporters in Bangkok late yesterday. The bill will be sent back to parliament’s lower house, which can re-submit the bill after 180 days, Surachai said. Read more of this post

Why Internet Stocks Are Getting Too Pricey, in Three Charts

Nov 11, 2013

Why Internet Stocks Are Getting Too Pricey, in Three Charts

STEVEN RUSSOLILLO

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Internet stocks have gotten too pricey for Morgan Stanley‘sMS +2.21% liking. The investment firm on Monday lowered its view on Internet stocks to “in-line” from “attractive” amid valuation concerns. Morgan Stanley also eliminated GoogleGOOG -0.54% from its “Best Idea” list, although the firm kept its buy rating on the search giant. The call comes as Internet stocks have rallied sharply this year. Google topped $1,000 a share last month, Facebook Inc.FB -2.80% rebounded over the summer and currently trades well above its $38-a-share IPO price and Netflix Inc.NFLX +0.90% is up 262% this year, the second-best performing stock in the S&P 500. Read more of this post

Target Fills Its Cart With Some of Amazon’s Tricks

Target Fills Its Cart With Some of Amazon’s Tricks

PAUL ZIOBRO

Updated Nov. 11, 2013 6:40 p.m. ET

MINNEAPOLIS— Target Corp. TGT +0.89% has come up with an answer to Amazon.comInc. AMZN +1.16% Copy it. The discount chain’s latest online offerings have a distinct Amazon feel—from recurring deliveries for diapers to on-demand streaming video and free shipping and discounts for its members. All emulate similar offers from the e-commerce company. Read more of this post

Rescuers Sift Through Social-Media Noise to Direct Typhoon Response: Software provides teams with data-driven map of what they should be doing and where

Rescuers Sift Through Social-Media Noise to Direct Typhoon Response

Software provides teams with data-driven map of what they should be doing and where

JAMES HOOKWAY 

Updated Nov. 10, 2013 10:45 a.m. ET

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A new approach called social mapping provides rescue teams with a detailed, data-driven map of what they should be doing, and where. Patrick Meier, a veteran of crisis-mapping efforts and the director of social innovation at the Qatar Computing Research Institute, joins digits. Photo: Getty Images.

In disasters like the typhoon that slammed into the Philippines, sifting through a barrage of confusing and conflicting on-the-ground reports is one of the first problems facing rescue teams. Social-media sites such as Twitter and Facebook can make matters worse. All too often, users recycle what others have posted or retweeted without adding any fresh information. Read more of this post

Online Courses to Turn MBA Programs Into Dinosaurs, Panel Says

Online Courses to Turn MBA Programs Into Dinosaurs, Panel Says

Business schools may be forced to close or overhaul their offerings because of the rapid growth in cheaper online alternatives for management training, according to professors and deans. “Half of U.S. business schools will be out of business in five to seven years because of online disruption,” Roger Martin, a professor and former dean of the Rotman School of Management at the University of Toronto, told a forum on education in London hosted by management ranking organization Thinkers 50. Read more of this post

Is the stylus making a comeback in mobile gadgets?

Is the stylus making a comeback in mobile gadgets?

November 9, 2013

Jenneth Orantia

Once destined to become a relic of the ’90s, could the stylus be making a comeback? Using your fingers may be the most natural way to interact with a mobile device – a fact that Steve Jobs built the first iPhone’s success around – but when it comes to jotting things down, most people still prefer the trusty pen and paper. Could the latest generation of pen-enabled smartphones and tablets change that? As mobile devices evolve from being content consumption to content creation devices, Samsung is in a prime position to lead the charge. Its Galaxy Note range of smartphones and tablets, while not the first such devices to integrate pen functionality, are consistently pushing the envelope by introducing new ways to use pen-based computing. Read more of this post