Singapore Civil Service head Peter Ong says policy makers must be close to the ground

Civil Service head Peter Ong says policy makers must be close to the ground

Robin Chan

The Straits Times

SINGAPORE – The Head of the Civil Service wants elite members of the service to be close to the ground so they will not only craft but also execute policies well. Read more of this post

Icelander goes into currency cyberspace, central bank frowns

Icelander goes into currency cyberspace, central bank frowns

Tue, Mar 25 2014

By Robert Robertsson

REYKJAVIK (Reuters) – Iceland grew a little richer on Tuesday, at least in cyberspace, with the launch of a virtual currency its pseudonymous founder hopes will circumvent the island’s capital controls and eventually replace the crown. Read more of this post

British cost agency to take broader view of drug value that may make it more likely that it will say “yes” to novel drugs in future

British cost agency to take broader view of drug value

8:03pm EDT

By Ben Hirschler

LONDON (Reuters) – British healthcare cost agency NICE is to take a broader view of the value offered by new medicines under proposals that may make it more likely that it will say “yes” to novel drugs in future. Read more of this post

How low can you go? This whale is the champion of deep diving

How low can you go? This whale is the champion of deep diving

5:14pm EDT

By Will Dunham

WASHINGTON (Reuters) – If there were a gold medal for cetacean diving, it undoubtedly would go to the Cuvier’s beaked whale. Read more of this post

GM’s new recall risk – the spare parts market

Exclusive: GM’s new recall risk – the spare parts market

4:19pm EDT

By Ben KlaymanMarilyn Thompson and Julia Edwards

DETROIT/WASHINGTON (Reuters) – As General Motors Co recalls 1.6 million vehicles that have defective ignition switches linked to at least 12 deaths, it faces another potential risk – this time in the spare parts market. Read more of this post

Cloud-based payroll processor TriNet IPO valued at $1.09 billion; the company served more than 8,900 clients in 47 states

Cloud-based payroll processor TriNet IPO priced at $16 per share

8:04pm EDT

(Reuters) – Cloud-based payroll processor TriNet Group Inc (TNET.N: QuoteProfileResearchStock Buzz) said it priced its initial public offering at $16 per share, valuing the company at about $1.09 billion. Read more of this post

U.S. to require casinos to vet high rollers’ funds – sources

Exclusive: U.S. to require casinos to vet high rollers’ funds – sources

3:33pm EDT

By Brett Wolf

ST. LOUIS (Reuters) – U.S. casinos may soon have to vet where their high rollers’ funds come from under a requirement being developed by the U.S. Treasury Department, according to two people familiar with the matter. Read more of this post

Chinese airlines caught in forex crosswinds as Beijing eases grip on yuan

Chinese airlines caught in forex crosswinds as Beijing eases grip on yuan

5:03pm EDT

By Fang Yan and Matthew Miller

BEIJING (Reuters) – Chinese airlines, already grappling with half-empty premier cabins due to Beijing’s austerity drive, will be tested next in their ability to hedge against currency risks as China looks set to allow greater two-way swings in the yuan. Read more of this post

How Effective Is a Number-crunching Approach to Managing People?

How Effective Is a Number-crunching Approach to Managing People?

Mar 21, 2014

Human resource professionals have begun to use sophisticated data analysis for all sorts of people-related issues ranging from recruitment and performance evaluation to promotion and compensation. People analytics, as this approach is called, is making waves because it is said to eliminate biases that exist in human judgment. Cade Massey, practice professor of operations and information management at Wharton, works at the intersection of psychology and economics and has focused on this approach. His expertise is judgment under uncertainty, looking at optimism, overconfidence and learning. Massey’s research is based on both laboratory experiments and archival studies of real-world behavior, such as the draft picks of professional football teams and the investment decisions of employees holding stock options. Read more of this post

Why ‘Incomplete’ Products Increase Consumption

Why ‘Incomplete’ Products Increase Consumption

Mar 20, 2014

Barbara E. Kahn, professor of marketing and director of the Jay .H. Baker Retailing Center, is the chair of the Retail and Consumer Goods Summit, a conference that Knowledge@Wharton is organizing in collaboration with the Baker Retailing Center on April 28 and 29 in New York City. Her research interests include consumer choice, variety seeking, product assortments, brand management and retailing. Read more of this post

What Counts at China’s Banks

What Counts at China’s Banks

AARON BACK

March 26, 2014 9:02 a.m. ET

China’s widely loathed bank shares got a boost after one of the biggest state-owned lenders reported decent earnings. But a sustained rally won’t be possible until transparency improves. Read more of this post

China’s Long Road to Shale-Gas Boom

Mar 26, 2014

China’s Long Road to Shale-Gas Boom

Eric Yep

The development of China’s shale-gas industry has moved forward over the past year, but far more remains to be done than has been accomplished if the nation’s ambitious production targets are to be met, according to executives attending an energy conference here. Read more of this post

After the public backlash over a court’s decision to allow a disgraced chaebol owner to pay off a 25.4 billion won ($23.5 million) fine by spending 49 days in a prison labor house making tofu

A day’s work for 500 million won?

Mar 26,2014

A former corporate kingpin who used to run the largest business group in Gwangju and South Jeolla before the conglomerate fell apart in 2010 returned to Korea over the weekend to comply with a local court order to work off his massive fines. The former chairman fled to New Zealand to dodge hefty fines after he was convicted of embezzlement and tax evasion. Read more of this post

Zhejiang Xingrun’s collapse highlights property sector risk

Zhejiang Xingrun’s collapse highlights property sector risk

Xinhua

2014-03-26

The insolvency of a property developer in east China’s Zhejiang province has shed light on the risk in the country’s formerly red-hot real estate sector. Read more of this post

Cracks Appear as Shanxi Steel Firm Builds Up Big Debt

03.21.2014 15:45

Cracks Appear as Shanxi Steel Firm Builds Up Big Debt

Highsee Iron and Steel Group could be up to 20 billion yuan in the red, and owe as much as 3 billion yuan to Minsheng Bank Read more of this post

AliPay’s ‘Closed System’ Is Biggest Reason for Regulatory Action; Too much money is moving around out of PBOC’s sight, economist says, and a problem would affect large number of people

03.26.2014 18:43

AliPay’s ‘Closed System’ Is Biggest Reason for Regulatory Action, Expert Says

Too much money is moving around out of PBOC’s sight, economist says, and a problem would affect large number of people Read more of this post

S. Korea ‘bureaucracy risk’ derails economic innovation

S. Korea ‘bureaucracy risk’ derails economic innovation

2014.03.26 17:51:09

The ‘bureaucracy risk’ is re-surfacing in South Korea. President Park Geun-hye continues to call for a three-year economic innovation plan and regulation reform, but civil servants at the central and local governments who are in charge of implementing such plan and reform still remain mired in outdated practices.  Read more of this post

Building the Next Pixar

BUILDING THE NEXT PIXAR

Some of Pixar’s most illustrious alums, steeped for decades in Pixar’s potent creative culture, reveal how they apply the company’s philosophies of success to their own ventures–and you can, too. Read more of this post

Childcare operator G8 Education has broken its own rules on how much it is willing to pay for new centres, buying 91 from Sterling Early Education for $228 million

Jessica Gardner Reporter

G8 Education breaks its own rules to buy 91 childcare centres

Published 25 March 2014 12:53, Updated 26 March 2014 10:55

Childcare operator G8 Education has broken its own rules on how much it is willing to pay for new centres, buying 91 from Sterling Early Education for $228 million, just a week after Sterling’s float was pulled. Read more of this post

Report: Researchers Are Becoming Too Obsessed with Chasing Pageviews

Report: Researchers Are Becoming Too Obsessed with Chasing Pageviews

JASON KOEBLER

@jason_koeblerjasontpkoebler@gmail.com

March 21, 2014 // 04:10 PM EST

An urge to publish in one of several high profile academic journals is causing a “mania” that has caused scientists to focus on publishing newsworthy studiesinstead of focusing on doing good science, according to a new paper. Read more of this post

France’s Greatest Strength Might Just Be Leaving France

France’s Greatest Strength Might Just Be Leaving France

Posted 17 hours ago by Romain Dillet (@romaindillet)

“The attraction of the American revolution transported me suddenly to my place. I felt myself tranquil only when sailing between the continent whose powers I had braved.”
—Lafayette, Letter to the Bailli de Ploën. Read more of this post

Amazon’s core “strength” may actually be its biggest weakness

Amazon’s core “strength” may actually be its biggest weakness

BY KEVIN KELLEHER 
ON MARCH 25, 2014

A lot of things seem to be going Amazon’s way these days. It boasts the best-selling e-reader, two-thirds of the ebook market, a foothold in the tablet market, a growing library of video titles (including home-brewed programs), and, possibly in the future, a smartphone and a music-subscription service. Not to mention hundreds of thousands of Amazon Web Services customers. Read more of this post

Newly unsealed documents show Steve Jobs’ brutal response after getting a Google employee fired

Newly unsealed documents show Steve Jobs’ brutal response after getting a Google employee fired

BY MARK AMES 
ON MARCH 25, 2014

In early March, 2007, as Google was expanding fast and furiously, one of its recruiters from the “Google.com Engineering” group made a career-ending mistake: She cold-contacted an Apple engineer by email, violating the secret and illegal non-solicitation compact that her boss, Eric Schmidt, had agreed with Apple’s Steve Jobs. Read more of this post

With Oculus purchase, Facebook chokes VR innovation in the womb

With Oculus purchase, Facebook chokes VR innovation in the womb

BY JAMES ROBINSON 
ON MARCH 25, 2014

For most of us, there’s no good news in Facebook’s $2 billion purchase of Oculus. Mark Zuckerberg can crow all he wants about buying up tomorrow’s platforms, Oculus executives and investors can preen – entirely justifiably – over their glorious financial exit, but the rest of us are left watching the same horror show on repeat. Tech giants opening up their checkbook and buying the competition, willing to gut entire markets before they’ve even got started. Read more of this post

Quicken Loans’ billion-dollar gamble pays off

Quicken Loans’ billion-dollar gamble pays off

image001-20

Mar. 25, 2014   |  

Quicken and Warren Buffett are offering a Quicken Loans Billion Dollar Bracket with Yahoo Sports for this year’s NCAA perfect bracket. / Quicken Read more of this post

Banks in Chinese city show stacks of cash to reassure depositors

Banks in Chinese city show stacks of cash to reassure depositors

3:33am EDT

By John Ruwitch

YANCHENG, China (Reuters) – Rural banks in China’s eastern city of Yancheng stacked piles of cash in plain view behind teller windows to calm depositors queuing at bank branches for a third straight day on Wednesday following rumors that they had run out of cash. Read more of this post

The Wolves of Wall Street; Jordan Belfort was partly right: people who go into finance should not be too clever

ROBERT SKIDELSKY

Robert Skidelsky, Professor Emeritus of Political Economy at Warwick University and a fellow of the British Academy in history and economics, is a member of the British House of Lords. The author of a three-volume biography of John Maynard Keynes, he began his political career in the Labour party, became the Conservative Party’s spokesman for Treasury affairs in the House of Lords, and was eventually forced out of the Conservative Party for his opposition to NATO’s intervention in Kosovo in 1999. Read more of this post

Buy a Warren Buffett Fathead for $29.99; Proceeds will go to charity

Buy a Warren Buffett Fathead for $29.99

Proceeds will go to charity

image001-19

Author: By Chris Isidore

Published On: Mar 25 2014 06:23:35 AM PDT   Updated On: Mar 25 2014 07:50:38 AM PDT

NEW YORK (CNNMoney) – Investors have been known to pay $1 million for the chance to pick Warren Buffett’s brain over lunch. Now they can get his entire head for only $29.99. Read more of this post

Facebook Inc’s purchase of Oculus raises questions

Facebook Inc’s purchase of Oculus raises questions

Jonathan Ratner | March 26, 2014 5:34 AM ET
Facebook Inc.’s US$2-billion acquisition of Oculus VR may look modest when compared to its recent US$19-billion purchase of WhatsApp, but there appears to be a clearer path for monetizing this new asset through game-related software and hardware. Read more of this post

Nitroglycerin, a Staple of Emergency Rooms, Is in Short Supply

Nitroglycerin, a Staple of Emergency Rooms, Is in Short Supply

By KATIE THOMAS and SABRINA TAVERNISEMARCH 25, 2014

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Dr. Frederick Blum, at Ruby Memorial Hospital in West Virginia, says one or two patients might “exhaust our supply pretty quickly.” CreditTy William Wright for The New York Times Read more of this post