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rffrydr
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rffrydr
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 Posted: Tue Mar 15, 2011 9:06 am Post subject: |
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Re-capitalization with chinese characteristics:
| Quote: | ....Ping An fell 2.8 percent to 49.45 yuan. The company raised HK$19.4 billion ($2.5 billion) selling shares to a Hong Kong billionaire. The share sale to Chow Tai Fook Nominee Ltd. is “less justified” than a full rights issue from the viewpoint of existing shareholders, Deutsche Bank AG said.
While the placement will “strengthen” the group’s overall solvency ratio above 200 percent even when considering the capital needs of Shenzhen Development Bank Co., “we question the strategic value in introducing Chow Tai Fook,” Bob Leung, an analyst at Deutsche Bank, wrote in a report dated yesterday. |
Always look to Mr. Big first.
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rffrydr
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| Posted: Thu Mar 03, 2011 12:55 pm Post subject: |
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Russia's love of oil and diamonds springs from ideas that they are one and the same. Abiogenic origin of crude could put a big hole in the the already tattered "Peak Oil" theory:
http://www.economist.com/node/18226803?story_id=18226803
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rffrydr
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| Posted: Thu Feb 24, 2011 8:28 pm Post subject: |
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The Prius: one car, three very different mileage ratings.
http://www.youtube.com/watch?v=Dy_mJzC6YkQ
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rffrydr
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| Posted: Sat Feb 19, 2011 12:04 pm Post subject: |
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"Globalization" itself is a cycle albeit a grand one and larger than the longest , "secular" time frame frames the markets will ever trade in. You may have heard of cocaine and tobacco traces found in mummies on tv shows searching out the "lost" Atlantis but more relevant to business at hand note this curiosity of history. At the beginnings of the first great trade routes connecting east and west was the pepper trade built off the serendipity of the monsoons.
| Quote: | | The familiar foodstuffs pepper, sugar, and the orange, for example, are ultimately from Sanskrit. Pepper existed in Old English as piper, and comes from a prehistoric West Germanic word itself ultimately, through Latin and Greek, from Sanskrit pippalī "berry, peppercorn." Sugar arrived in the 13th century, via French, medieval Latin, and Arabic from Sanskrit śarkarā "grit, ground sugar." Orange is from the same century, having reached English from Sanskrit through Old French, Italian, Arabic, and Persian. |
The Romans brought olive and fish oil in thousands and thousands of amphorae but what they brought most was what the indians wanted most: gold. I came, as is want from an empire, in coinage. No doubt they thought innate organizational logic of money would also buy influence and build (like our modern-day exporters of democracy) "role-models." NOT. It went to the women. It went for decoration and as such was transformed. There is a whole style of Tamil necklaces made of coins that persists today. Indeed it was even forged as the style spread throughout Kush:
http://www.britishmuseum.org/explore/highlights/highlight_objects/cm/g/gold_pendant_with_designs_copi.aspx
The sense of destiny with which we infuse modern-day american capitalism is already transformed before it leaves our shores. Don't be surprised that its immutable logic is transformed along the way. We have already grown comfortable with banana republics, crony capitalism, authoritarian capitalism and dictatorial capitalism. Just because a culture buys what we sell doesn't mean they believe in what we sell or even want what we think we are selling. And you can globalize that: tibetans use their chinese washing machines to make butter.
| Quote: | ....The Romans expanded trade with the Tamil Chola, Pandyan and Chera dynasties, establishing trading settlements which would remain long after the fall of the Western Roman empire. Spices were not the only commodity that interested the Greeks and Romans - live xxx were highly prized as garden decor in ancient Greece. In exchange, the Indians got what they wanted from the Greco-Roman world - gold, and lots of it.
Along with gold there were other Mediterranean commodities such as copper, silver, olive oil, and wine, but it was gold that the Indians were after. Rather than use the bartered gold for currency, as did the Greeks, the Indians were simply in search of new ways to decorate themselves. By the latter half of the first century AD Pliny the Elder said of this trade imbalance: "We must be mad bankrupting ourself for India" [5]. One notable manifestation of India's preoccupation with gold and self-decoration was in the Hindu tradition of the "sixteen adornments." |
http://www.allaboutgemstones.com/jewelry_history_india.html
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rffrydr
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| Posted: Mon Feb 14, 2011 10:03 am Post subject: |
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Whose culture where? Whether western liberal democracies or quasi-authoritarian Russias or neo-socialist Brazil and Spain the intermixing of the world is a genie that can't be put back into the bottle. The animosity between the english and french, or the Shiite vs. Sunnis in Iraq for example put paid to this columnist's generalizations around religion and language. The "tribalization" of the world, including the flying of the St. George cross for english soccer in the World Cup, is no doubt a powerful force however. Supposed to have made the world a safer place (which to the extent that tribes will not possess or use nuclear weapons, or raise armies, is true) but tribal practisces and animosities remain. Ask the swedish justice system about their russian gangsters. The nation-state has been in decline for 20-plus years. As the corporate state has arisen. Hang on to your seat Mr. Cameron....you may be the next "queen."
http://www.latimes.com/news/opinion/commentary/la-oe-rodriguez-multiculti-20110214,0,3480406.column
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rffrydr
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| Posted: Mon Jan 31, 2011 9:32 pm Post subject: |
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I have already thrown up exasperated arms when it comes to Japan--all I have left is my stomach:
http://www.bbc.co.uk/worldservice/documentaries/2011/01/110127_documentary_japan_a_friend_in_need.shtml
I will admit to this notion of identity existing in the space between (or, more precisely, above and below) others in society is an intriguing concept and can no doubt serve many a useful purpose. But now, here, japan is officially out of "purpose."
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rffrydr
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| Posted: Sat Jan 22, 2011 9:20 am Post subject: |
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They don't call it the Jesus phone for nothing, it bends cultures (including the pirates'!) and spans borders. Endlessly adaptable yet never loosing its definition. An "american" product. Here it is in the "Samsung Republic"
http://www.latimes.com/business/la-fi-iphone-korea-20110122,0,7439981.story
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HenryTo
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| Posted: Mon Jan 03, 2011 5:59 pm Post subject: |
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Classic. My sentiments exactly. Classic b-school case study for years to come.
| Quote: | | "I don't like the way the Nano looks to people and it's all about the look," Sharma said. "I take the bike to work. But if I have to go hang out with my friends or go for a marriage, then I prefer a car. But I would prefer to sit at home if I have to go in a Nano." |
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rffrydr
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| Posted: Mon Jan 03, 2011 4:47 pm Post subject: |
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RE: below
All the world 'round, a new car is a new car is a new car, it would appear, no matter where that new car is sold. A new car is an extravagance, a point of pride, a sacrifice, no matter what level the car--except the bottom.
http://www.washingtonpost.com/wp-dyn/content/article/2011/01/03/AR2011010302721.html?hpid=artslot
If you're going to sell your own car to your own people who've never had a car before it's gotta be something they can be proud. Like the $50,000 neo Trabant
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rffrydr
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rffrydr
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rffrydr
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| Posted: Mon Dec 13, 2010 9:33 am Post subject: |
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BBC Documentaries doing a series on corruption in govt. Sweden makes for an ironic jumping off point.
http://downloads.bbc.co.uk/podcasts/worldservice/docarchive/rss.xml
Good excuse to revisit the Ikea in Russialand tale in the Europe board.
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rffrydr
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HenryTo
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| Posted: Sat Nov 20, 2010 8:36 pm Post subject: |
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I don't think the British will seriously work the day of the wedding anyway. Better to proclaim the day a public holiday.  |
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