Digital v human: the new debate; ‘The dirty secret of the digital economy is that humans do not know how to fight back’

March 28, 2014 11:37 am

Digital v human: the new debate

By Gillian Tett

‘The dirty secret of the digital economy is that humans do not know how to fight back’

Acouple of years ago Brian Arthur, an academic affiliated with the Palo Alto Research Center, made a startling prediction. In the next two to three decades, western digital networks would end up performing functions equal to the size of the “real” US economy. Or, to put it another way, if you looked at all the work being done by electronic supply chains, robots, communications systems – and the humble bar code – then the digital economy would “surpass the physical economy in size”, Arthur wrote, on the basis of productivity and output calculations. Read more of this post

Investing in higher education; Student numbers are growing worldwide, but profiting is not easy

March 28, 2014 6:18 pm

Intellectual property: investing in higher education

By Adam Palin

Benjamin Franklin once said that “an investment in knowledge pays the best interest”. The structural shifts in higher education in particular, which are seeing new ways of delivering tuition as well as accommodation and finance, present opportunities as well as potential pitfalls for investors. Read more of this post

Video app threatens to shake up greeting cards market

March 28, 2014 3:30 pm

Video app threatens to shake up greeting cards market

By Dalya Alberge

Next Mother’s day, a British-American technology company is hoping consumers will forgo sending traditional cards, and ping a personalised digital greeting to their mother’s smartphone instead. Read more of this post

Apple, Facebook and Google aim to create and control the next crucial technological platform

March 28, 2014 5:38 pm

Technology: All eyes on the future

By Tim Bradshaw

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Apple, Facebook and Google aim to create and control the next crucial technological platform Read more of this post

Shrewd investors assess history’s threat to globalisation

Last updated: March 28, 2014 4:39 pm

Shrewd investors assess history’s threat to globalisation

By John Authers

History, it appears, has restarted. Back in 1990, after the Berlin Wall fell, Francis Fukuyama famously prognosticated that we were witnessing not just the end of the cold war but “the end of history as such”. Our ideological evolution, he said, was complete, with the universalisation of western liberal democracy as “the final form of human government”. Read more of this post

Conscious Uncoupling for Drug Makers

Conscious Uncoupling for Drug Makers

By ROBERT CYRAN

MARCH 27, 2014, 2:42 PM  1 Comments

Baxter International has put conscious uncoupling on pharma’s radar.

The $40 billion health care giant isseparating its biotech and medical products units. Baxter’s spinoff history suggests this latest move will create value for shareholders. This, and the success of Pfizer’s and Abbott’s recent splits, will encourage other pharmaceutical giants to follow. Read more of this post

Exclusive: Wal-Mart manager speaks out about his store’s ugly reality

MAR 25, 2014 08:30 PM MPST

Exclusive: Wal-Mart manager speaks out about his store’s ugly reality

From no time off, to working multiple roles at once, here’s what’s really going on at the mega-chain

JOSH EIDELSON   Follow

President Obama sparked a new round of big business ire this month, directing the Labor Department to reform rules that exclude salaried managers making over $23,660 a year from overtime protections. Read more of this post

The Next Problem: Too Much Profit? America’s profit-margin miracle has gone on for so long that rather than cheering it on, investors might want to ask what companies are actually doing to keep it going

The Next Problem: Too Much Profit

JUSTIN LAHART

March 27, 2014 4:05 p.m. ET

America’s profit-margin miracle has gone on for so long that rather than cheering it on, investors might want to ask what companies are actually doing to keep it going. Read more of this post

Google, Facebook, Twitter: Not Enough Dollars to Go Around; Given the size of the ad market, it will be nearly impossible for dot-coms to all grow into their market values

SATURDAY, MARCH 29, 2014

Google, Facebook, Twitter: Not Enough Dollars to Go Around

By JACK HOUGH | MORE ARTICLES BY AUTHOR

Given the size of the ad market, it will be nearly impossible for dot-coms to all grow into their market values.

GoogleFacebookTwitter, and a slew of other high-flying dot-coms are headed for a pie problem. Viewed individually, each seems to have endless potential to turn popular, free services into more revenue by grabbing a larger slice of the online advertising pie. But as a whole, online ad spending is growing at a fairly predictable pace, and won’t be large enough anytime soon to justify all of the high-flying valuations on dot-com shares. Read more of this post

Exact Sciences Moves Closer to Preventing the No. 2 Cancer Killer: Colon cancer

SATURDAY, MARCH 29, 2014

Exact Sciences Moves Closer to Preventing the No. 2 Cancer Killer

By ANDREW BARY | MORE ARTICLES BY AUTHOR

Exact Sciences could rise 50% if its colon-cancer test ramps up quickly. Short sellers are betting against that.

A new colon-cancer screening test got a big boost last week when a Food and Drug Administration advisory panel unanimously recommended that the FDA approve the test. Called Cologuard, it will likely gain approval in the next few months and hit the market by the end of this year. Read more of this post

Here Comes $75 Oil; Lower energy costs will have a salutary effect on the U.S. economy. Not so Russia, where oil provides 50% of government income

SATURDAY, MARCH 29, 2014

Here Comes $75 Oil

By GENE EPSTEIN | MORE ARTICLES BY AUTHOR

Lower energy costs will have a salutary effect on the U.S. economy. Not so Russia, where oil provides 50% of government income.

The long-term outlook for global oil prices is lower, perhaps much lower, giving a strong boost to the U.S. economy while potentially crippling the economy of Vladimir Putin’s Russia. Vast new discoveries of oil and natural gas in the U.S. and around the globe could drive the oil price to as low as $75 a barrel over the next five years from a current $100. Read more of this post

Chameleons: The Misuse of Theoretical Models in Finance and Economics

Chameleons: The Misuse of Theoretical Models in Finance and Economics

Paul Pfleiderer

Stanford University

March 2014

Abstract

In this essay I discuss how theoretical models in finance and economics are used in ways

that make them “chameleons” and how chameleons devalue the intellectual currency and

muddy policy debates. A model becomes a chameleon when it is built on assumptions

with dubious connections to the real world but nevertheless has conclusions that are

uncritically (or not critically enough) applied to understanding our economy. Read more of this post

S. Korea’s robot technology rapidly catching up with developed nations

S. Korea’s robot technology rapidly catching up with developed nations

Won Ho-sup

2014.03.27 17:51:14

South Korea jumped into research in robots about 30 years later than the US or Japan. Korea’s development of the first generation robots working in the manufacturing sector began as late as in 1990s. But the country’s robots, an achievement of many scientists, are evolving and rapidly catching up with those of developed countries.  Read more of this post

Media: Old players may continue to rule but content will be king

Media: Old players may continue to rule but content will be king

March 29, 2014

Madeleine Heffernan

With Australia’s media scene undergoing rapid change, here’s where it all might be headed.

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Newspapers, radio and television will be there, but they’ll be different and the companies that have long delivered their content might be gone. The Australian media a couple of years from now will be even more focused on fulfilling people’s desires for content any time, anywhere. Read more of this post

Australia has ‘lost pioneering spirit’: outgoing BCA president

Australia has ‘lost pioneering spirit’: outgoing BCA president

Published 28 March 2014 11:09

Michael Smith

The Business Council of Australia’s ­outgoing president, Tony Shepherd, warns the nation has become “boring and conservative” as it ­abandons its pioneering spirit and loses its competitive edge. Read more of this post

Kathmandu outdoor clothing retailer bound for North America

Kathmandu outdoor clothing retailer bound for North America

Published 25 March 2014 12:54, Updated 26 March 2014 10:55

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Sue Mitchell

Outdoor clothing retailer Kathmandu is eyeing the North American adventure wear market as part of an international expansion plan that promises to drive a new era of growth once its Australian and New Zealand business starts to mature. Read more of this post

Franchisees trounce company-owned stores in major study, but McDonalds still wants both

Michael Bailey Deputy editor

Franchisees trounce company-owned stores in major study, but McDonalds still wants both

Published 28 March 2014 12:46, Updated 28 March 2014 14:51

McDonalds maintains a mix of franchisee and company-owned clusters within metro areas, avoiding direct competition between two stores under different models wherever possible. Photo: Glenn Hunt Read more of this post

Keen On. Scale: How To Spread Excellence From The Few To The Many

Keen On… Scale: How To Spread Excellence From The Few To The Many

Posted 10 hours ago by Andrew Keen, Columnist

Bob Sutton is one of Silicon Valley’s most influential business gurus. A professor at Stanford’s Engineering School, he is the author of bestselling books like The No Asshole Ruleand Good Boss, Bad Boss.  And his latest book is Scaling Up Excellence: Getting to More without Settling for Less, which argues that what distinguishes great companies like Pixar, Twitter, Google and Facebook from dysfunctional companies like Zynga is their ability to scale their organization. Read more of this post

China’s New IPO Regime — Manipulation or Emancipation?

China’s New IPO Regime — Manipulation or Emancipation?

2014-02-24 18:05:39

Peter Fuhrman

Chairman and CEO China First Capital

In English we use the phrase ” bee in one’s bonnet” to explain someone with an obsession for a particular point of view. In Chinese, a similar idiom is 挥之不去, meaning you can’t wipe out the stain. Read more of this post

CITIC Group to List in HK by Reversing into CITIC Pacific

CITIC Group to List in HK by Reversing into CITIC Pacific

03-27 15:19 Caijing

China’s state-owned conglomerate CITIC Group is planning to list in Hong Kong by reversing into its CITIC Pacific unit.

China’s state-owned conglomerate CITIC Group is planning to list in Hong Kong by reversing into its CITIC Pacific unit. Read more of this post

How Yoox became the Amazon of the fashion world

How Yoox became the Amazon of the fashion world

Each year two million orders leave the hi-tech warehouses, destined for customers in more than 100 countries. Nick Compton visits the site’s Italian HQ

BY NICK COMPTON

MARCH 22, 2014 08:04

Federico Marchetti, the CEO of Yoox. His Proust Geometrica armchair by Cappellini is available from yoox.com

“I do think Yoox appeals to the fashion-savvy. They believe in their own personal style, they are connoisseurs” Read more of this post

Taiwan will lose if trade pact not approved: central bank head

Taiwan will lose if trade pact not approved: central bank head

CNA

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2014-03-29

Perng Fai-nan speaks at the association council meeting. Mar. 27. (Photo/Yen Chien-lung) Read more of this post

Turbulent Past, Uncertain Future: China’s history is not a thing of the past and eminent historian Jonathan Spence explains why

03.28.2014 18:37

Turbulent Past, Uncertain Future

China’s history is not a thing of the past and eminent historian Jonathan Spence explains why

By staff reporters Huang Shan and Long Zhouyuan Read more of this post

Property firms increase bank investments over liquidity concerns in China

Property firms increase bank investments over liquidity concerns in China

Staff Reporter

2014-03-28

More Chinese property companies have been investing in banks since late last year, with more than 30 property firms getting involved in the banking industry including China Vanke and Evergrande Group, due to their concerns over liquidity risks, the Shenzhen-based Securities Times reports. Read more of this post

Make whey: Mengniu benefits from Fonterra’s decline in China

Make whey: Mengniu benefits from Fonterra’s decline in China

Staff Reporter

2014-03-29

New Zealand dairy giant Fonterra Co-operative Group has seen declining profits after botulism-causing bacteria was discovered in its products, while China Mengniu Dairy Company has reported rising revenue because of price hikes and acquisitions, Shanghai’s National Business Daily reports. Read more of this post

Alibaba will launch a fund that allows customers to invest in entertainment products as part of its bid to expand into innovative finance

Alibaba introduces crowdfunding entertainment product

Staff Reporter

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2014-03-29

A smartphone user in Fuzhou checks out the Yulebao platform, March 27. (Photo/CNS)

China’s Alibaba Group Holding, the world’s biggest e-commerce company, announced on March 27 that it will launch a fund that allows customers to invest in entertainment products as part of its bid to expand into innovative finance. Read more of this post

Dancing Giants: Startup guru Steve Blank bashes big companies that stack the deck

Dancing Giants: Startup guru Steve Blank bashes big companies that stack the deck

BY ADAM L. PENENBERG 
ON MCH 28, 2014

Steve Blank is a kind of folk hero in startup circles. A successful entrepreneur, Blank, though his writings and Lean LaunchPad seminars at Stanford and online — more than 150,000 students have taken it – has become kind of a startup guru whose aim is to take the guesswork out of product development. Most companies don’t fail because they couldn’t attract a management team or gin up a product, he says. They fail because they didn’t create a product that will sell. Both he and Eric Ries, a former student, have become synonymous with the lean startup methodology that provides a systematic approach to creating startups. Read more of this post

Lemnos Labs have gone from being laughed out of the room, to establishing a $20 million hardware fund

Lemnos Labs have gone from being laughed out of the room, to establishing a $20 million hardware fund

BY JAMES ROBINSON 
ON MARCH 28, 2014

Jeremy Conrad wants Lemnos Labs, the hardware incubator he co-founded and which this week turned into its own VC fund, to eliminate a false choice he sees plaguing entrepreneurs in Silicon Valley. “There’s a real tragedy for me in seeing great mechanical people feeling like they have to choose between that and becoming a software engineer,” he says. Read more of this post

BlackBerry Ltd’s ‘New Coke’ moment: John Chen hones in on company’s old, but beloved, tech recipe

BlackBerry Ltd’s ‘New Coke’ moment: John Chen hones in on company’s old, but beloved, tech recipe

Matt Hartley | March 28, 2014 7:10 PM ET

WATERLOO, ONT. • John Chen is navigating something of a “New Coke” moment.

When BlackBerry Ltd.’s previous management team unveiled the BlackBerry 10 operating system in January of last year alongside a pair of new, redesigned smartphones, it represented a monumental shift for the Waterloo, Ont.-based company. Read more of this post

The End of Chinese Central Planning

STEPHEN S. ROACH

MAR 27, 2014

The End of Chinese Central Planning

BEIJING – “Isn’t it now time for China to abandon the concept of a growth target?”

That was the question I asked Chinese Finance Minister Lou Jiwei this week at the 15th annual China Development Forum, which brings together top Chinese officials and an international delegation of academics, leaders of multilateral organizations, and business executives. Having attended the CDF since former Premier Zhu Rongji initiated it in 2000, I can attest to its role as one of China’s most important platforms for debate. Zhu welcomed the exchange of views at the Forum as a true intellectual test for China’s reformers. Read more of this post