R.E.S.-ilience in Value Creation 《竹经：经商经世离不得立根创新》
May 25, 2014 Leave a comment
Last updated: May 22, 2014 7:27 pm
Dollar Tree buoyed by consumer polarisation
By Eric Platt in New York
A polarisation of the American economy, which has been supportive of top earners but pushed many middle-income earners into more cautious buying habits, was on display as retailers catering to both to high- and low-income spenders outperformed those focused on the middle. Read more of this post
May 25, 2014 Leave a comment
May 22, 2014 6:08 pm
The macroprudential model back on the financial catwalk
By Gillian Tett
Policy ideas that seem terribly old fashioned to one generation have a habit of being reborn Read more of this post
May 25, 2014 Leave a comment
May 22, 2014 11:57 pm
Corrupt companies face fines of 400% of illicit profits
By Caroline Binham, Legal Correspondent
British companies that bribe foreign officials to win contracts, commit fraud, or launder money, face fines of up to 400 per cent of their illicit profits, under new penalty guidelines. Read more of this post
May 25, 2014 Leave a comment
May 22, 2014 7:12 pm
The perils of Asia’s nationalist power game
By Philip Stephens
Modi completes a quartet of combative leaders in the most powerful nations of the region
India has a new prime minister; and each of Asia’s four most powerful nations is now led by a combative nationalist. The multilateralist assumptions of the postwar order are giving way to a return to great power competition. Nationalism is on the march, and nowhere more so than in the rising east. Read more of this post
May 25, 2014 Leave a comment
Scientists Warn of Melting Ice Sheet, Rising Sea Level
Melt Happening Faster Than Expected; Researchers Point to Broad Climate Change as Cause
ROBERT LEE HOTZ
Updated May 12, 2014 7:34 p.m. ET
Six rapidly melting glaciers in Antarctica are destabilizing one of the world’s largest ice sheets, a process which, if unchecked, could release enough water to raise sea levels world-wide significantly in centuries to come, two groups of scientists said Monday. Read more of this post
May 25, 2014 Leave a comment
When Not Even The “1%” Can Afford College
Tyler Durden on 05/12/2014 15:51 -0400
Since in America one now needs a Bachelor’s degree (if not a PhD in economics, of course) to get a job as a waiter, according to the following chart the US may soon have a severe waiter shortage considering the cost of college tuition has outpaced even the income of the 1%. As for everyone else, forget it – want that French Polynesian belly-dancing major? Prepare to become a debt slave for life. Read more of this post
May 23, 2014 Leave a comment
May 13, 2014
How China Is Eclipsing Japan in Asia
China’s latest tangle with Vietnam plays into Japan’s bid to ramp up influence in Asia, as Tokyo offers leadership to counter Beijing’s saber-rattling. (Here, here and here.) Read more of this post
May 23, 2014 Leave a comment
Learning from New York City’s open-data effort
Finding the technology needed to make data truly open is easy. Breaking down barriers to change and helping users understand the information takes work. Read more of this post
May 23, 2014 Leave a comment
Alibaba’s Jack Ma: investors and entrepreneurs like husbands and wives
3:17am EDT
BEIJING (Reuters) – Jack Ma, the founder and executive chair of Alibaba Group Holding, said investors and entrepreneurs can fall out like domestic couples squabbling over their children in a blog post published late on Monday as the Chinese e-commerce juggernaut prepares for its blockbuster initial public offering. Read more of this post
May 23, 2014 Leave a comment
Taxing times for pachinko as Japan considers casino gamble
10:43am IST
By Farah Master and Nathan Layne
OSAKA/TOKYO (Reuters) – Moves towards legalising casinos in Japan have reignited a debate over the legal status of pachinko, with a potential new tax mooted for a $200 billion gaming industry that has existed for decades on the fringes of the law. Read more of this post
May 23, 2014 Leave a comment
Beijing Plans to Spend $14 Billion on Second Airport
New Airport Expected to Open in 2018
JOANNE CHIU
May 13, 2014 8:17 a.m. ET
HONG KONG—Beijing plans to spend around US$14 billion to build a new airport in the outskirts of the nation’s capital to relieve congestion at its overcrowded air travel gateway, already the world’s second-busiest. Read more of this post
May 23, 2014 Leave a comment
China demand for luxury furniture ‘decimating rosewood’
Monday, May 12, 2014 – 21:06
AFP
BANGKOK – Runaway Chinese demand for luxury furniture is spurring illegal logging across Southeast Asia, stripping the region of precious Siamese rosewood and driving a chain of cross-border corruption and violence, environmentalists said Monday. Read more of this post
May 23, 2014 Leave a comment
May 22, 2014
CFO.com | US
10 Cognitive Biases that Can Trip Up Finance
CFOs should urge their teams to consciously try to overcome these dangerous predispositions.
Because CFOs are not actually superhuman, but just people like everyone else, they too are subject to a lengthy list of cognitive biases that influence our decisions and actions. In the corporate finance context, these biases, if unchecked, can have devastating consequences for company performance. Read more of this post
May 23, 2014 Leave a comment
Special report: The power struggle behind China’s corruption crackdown
8:46pm EDT
By Benjamin Kang Lim, David Lague and Charlie Zhu
BEIJING/HONG KONG (Reuters) – Liu Han seemed to thrive in the company of officials.
Even a birthday party in 2011 for Liu’s primary-school aged son drew a crowd of bureaucrats in Chengdu, the capital of China’s western Sichuan province where the flamboyant mining tycoon was based. “There was a mayor of a nearby city with a population of three or four million,” recalls Australian political lobbyist John Halden who helped win approval for Liu’s mining investments in Western Australia and was invited to the October 15 celebration. “There were senior people from the provincial treasury and about seven or eight officials from the city of Chengdu.” Read more of this post
May 23, 2014 Leave a comment
VCs eye big cloud software returns despite dwindling valuations
6:41pm EDT
SAN FRANCISCO (Reuters) – A cloud software boom has nudged startups into unlikely realms such as dairy farms, yoga studios and back-of-the-building loading docks, leading venture capitalists to hope for stratospheric returns. Read more of this post
May 23, 2014 Leave a comment
China’s Rising ‘Working Class Insurrection’ Problem
Tyler Durden on 05/22/2014 20:27 -0400
Last week we highlighted the stunning images of China’s “fists and daggers” police force training for a “working class insurrection.” It appears to be good timing, given last night’s terrible blasts in Urumqi. The chart below shows the worrying escalation in social unrest in China – at a time when the leadership is pushing a “strike first” anti-terrorist policy that appears to be failing badly. The “serious violent terrorist incident” that occurred last night in Urumqi, killing 31 and injuring 94, was the worst in years and prompted domestic security chief Meng Jianzhu to vow to strengthen a crackdown on the “arrogance of terrorists,” but, as one analyst warns tightening controls on the Uighur region may be “smacking them in the face.” Read more of this post
May 23, 2014 Leave a comment
“Our Industry Is Absolutely Crazy”: The Subprime Wolf Of Wall Street In 125% Interest Clothing
Tyler Durden on 05/22/2014 18:07 -0400
The last time we wrote about the number 125% it was in the context of the return of that old Subprime 1.0 staple home loans that cover more than the purchase price of the home (because one must always have some leftover cash for improvements), i.e. 125% loan-to-value mortgages. Today 125% comes back and again it is in the context of subprime, only this time it is about the second coming of the credit bubble when, as Bloomberg writes, a certain group of distinguished individuals is now offering loans to troubled Americans at the whopping annual interest rate of 125%. Read more of this post
May 23, 2014 Leave a comment
Thinking & Writing: CIA’s Guide to Cognitive Science
by VW StaffMay 21, 2014, 9:03 pm
This CIA Monograph (re-released in 2010 by Robert Sinclair) presents “the implications of growing knowledge in the cognitive sciences for the way the intelligence business is conducted – in how we perform analysis, how we present our findings, and even its meaning for our hiring and training practices”. In other words, this paper is about, “thinking and writing [and] the complex mental patterns out of which writing comes, their strengths and limitations, and the challenges they create, not just for writers but for managers”. Via simoleonsense.com Read more of this post
May 23, 2014 Leave a comment
Charlie Munger’s Favorite Human Misjudgment
May 21, 2014, 3:15 pm
Notes on Charlie Munger’s favorite human misjudgment by Whitney Tilson Via Value Investing World
Charlie Munger’s Opening Remarks
I feel a duty in these later years to talk a little bit because so many of you have come so far and therefore I’m going to talk a little about current change conditions in corporate governance, the investment world, how we’re adapting at Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) and WESCO International, Inc. (NYSE:WCC), and how you might face these challenges. Read more of this post
May 23, 2014 Leave a comment
Joseph Finder Explores the ‘Alien Worlds’ of Business and Drugs
Joseph Finder’s latest novel ‘Suspicion’ juxtaposes the world of posh private schools with drug cartels
STEVE DOUGHERTY
May 21, 2014 2:24 p.m. ET
To write his thrillers, author Joseph Finder usually does a lot of research. Best known for suspense novels set in the business world, he’s never worked for a large company, but sees himself as “an anthropologist exploring an alien world.” Read more of this post
May 23, 2014 Leave a comment
Online Retailer Flipkart Acquires Myntra
Deal Will Give Flipkart Control of Roughly Half of India’s E-Commerce Market
DHANYA ANN THOPPIL
May 22, 2014 5:24 a.m. ET
BANGALORE—Flipkart Internet Pvt., India’s largest online retailer, agreed to acquire its rival Myntra Designs Pvt. in a $400 million transaction that will give Flipkart control of roughly half of the country’s e-commerce market. Read more of this post
May 23, 2014 Leave a comment
Child of Light a shining example of indie innovation
May 11, 2014
Calum Wilson Austin
Chances are, if you take a look at any bricks-and-mortar video game store, you’re going to find a lot of death, destruction and explosions. So many explosions they soon become meaningless. On the other hand, online game distribution platforms such as Steamare inundated with simpler – but no less effective – indie experiences usually created on a budget of paint fumes and dreams. The indie development scene is generally limited to a certain type of game, often side-scrollers, due to their financial situation. It’s strange that, until recently, large publishers have not taken advantage of the relatively smaller budgets, (compared to most AAA top releases)and potentially larger profit margins, these games afford. Read more of this post
May 23, 2014 Leave a comment
Online cycling retailer Wiggle in float rumours
May 12, 2014
Wiggle was sold to private equity group Bridgepoint in 2011 for £180m ($192.4 million). Photo: John Veage
Wiggle, the privately owned online cycling retailer, is working with advisers at boutique investment bank Rothschild on a potential flotation. Read more of this post
May 23, 2014 Leave a comment
Read, Kids, Read
MAY 12, 2014
As an uncle I’m inconsistent about too many things.
Birthdays, for example. My nephew Mark had one on Sunday, and I didn’t remember — and send a text — until 10 p.m., by which point he was asleep. Read more of this post
May 23, 2014 Leave a comment
Follow the Money, China-Style
MAY 11, 2014
BEIJING — Since China introduced a floating exchange rate on July 21, 2005, the Chinese yuan has consistently risen in value against the United States dollar, from a low of 8.28 yuan to the dollar in July 2005 to a high of 6.06 in January of this year. But the appreciation of the yuan has failed to convince ordinary Chinese people that their money buys more; on the contrary, they feel it’s worth less. Read more of this post
May 23, 2014 Leave a comment
The Problem With Confidence
MAY 12, 2014
The current issue of The Atlantic carries a fascinating summary of “The Confidence Code” by Katty Kay and Claire Shipman. The essay runs through the evidence suggesting that women tend to have too little self-confidence. When asked how well they did on tests, women tend to estimate that they got fewer answers correct than they actually did. In one British study, a business school professor asked students how much they would deserve to earn five years after graduation. The women’s estimates were 20 percent lower than the men’s. Read more of this post
May 23, 2014 Leave a comment
A Closer Look Inside IBM’s Cloud Challenge
By STEVE LOHR
MAY 12, 2014, 9:00 AM 5 Comments
IBM, after a sluggish start, is moving with real urgency in building up its cloud business, as I noted in a recent article.
“IBM has made big moves and done some really good things,” said Daryl Plummer, an analyst at Gartner. “But the question now is, can it win business and make money in the cloud business?” Read more of this post
May 23, 2014 Leave a comment
Scientists Warn of Rising Oceans From Polar Melt
By JUSTIN GILLIS and KENNETH CHANGMAY 12, 2014
A large section of the mighty West Antarctica ice sheet has begun falling apart and its continued melting now appears to be unstoppable, two groups of scientists reported on Monday. If the findings hold up, they suggest that the melting could destabilize neighboring parts of the ice sheet and a rise in sea level of 10 feet or more may be unavoidable in coming centuries. Read more of this post
May 22, 2014 Leave a comment
Published: May 5, 2014 / Summer 2014 / Issue 75
The Trust Agenda
CEOs are increasingly seeking “good growth,” aligned with business ethics and sustainability.
As the global economic recovery gathers momentum, optimism among CEOs is increasing. The postrecession period challenged many companies, and their chief executives focused their attention on survival. But they are now switching into growth mode. This drive for growth is shaped by fundamental external forces that are transforming business and society. Read more of this post
May 22, 2014 Leave a comment
From black to green: U.S. billionaire’s ‘Road to Damascus’
7:10am EDT
By Richard Valdmanis, Fergus Jensen andSonali Paul
BOSTON/JAKARTA/MELBOURNE (Reuters) – Billionaire Tom Steyer has rapidly become one of America’s most visible environmental advocates, vowing to punish lawmakers who don’t oppose climate change and pledging to spend up to $100 million to put the issue center stage in the November 4 elections. 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 