Tuesday, 11 November 2014

高山上的悲歌

商業周刊   2014-11-08  奇普‧布朗  Chip Brown  |《國家地理》雜誌中文版  |
2014年4月18日清晨,一大塊冰塊從聖母峰西側山肩崩落,釀成當地有史以來死傷最慘重的山難,也讓聖母峰陷入最黑暗的一天。

這場雪崩奪走了16名雪巴族高山工人的性命,對許多家庭造成了極為深遠的影響,長期以來的勞工問題更因此浮上枱面。雪巴人冒著生命危險協助來自世界各地的登山客攀登聖母峰,也為尼泊爾帶來大筆進帳,但政府卻沒有給他們相應的保障。悲傷的雪巴人憤而罷工,並且向政府提出13項要求,為高山工人及他們的家人爭取更多權益。

許多人注意到,年輕一代的雪巴嚮導和工人擁有一股以前沒有的自信。然而他們卻被某些人貼上了「好戰分子」的標籤。一位登山公司創辦人指出,這些年輕人更清楚自己的權利。他們知道自己可以坦率地表達心聲。他們對外面的世界有所認識,也知道政府從登山許可證收入中賺了多少錢,回饋給他們的又有多微薄。他們不應該被貼上派系標籤,因為他們不是什麼新派系,而是年輕的一代。

雪巴人為了生存而在高山上搏命,並且付出了慘痛的代價。面對奪走許多同胞性命、威脅許多家庭的聖母峰與未知的未來,他們到底該何去何從?

Sorrow on the Mountain
How the shocking avalanche that killed 16 expedition workers
unfolded on Mount Everest—changing life on the mountain
forever

Sunday, 9 November 2014

The Economy @ The Trading Report

This is an interesting link for reading and learning...
http://www.thetradingreport.com/category/investing-2/economy-2/

http://www.thetradingreport.com/2014/05/30/the-federal-reserve-explained-in-7-minutes/
By Belligerent Politics ( | Original Link) · On 
http://www.thetradingreport.com/2014/10/24/why-is-the-middle-class-disappearing/
By Simon Black ( | Original Link) · On 
http://www.thetradingreport.com/2014/10/01/over-20-fascinating-quotes-from-warren-buffetts-right-hand-man-charlie-munger/
By · On 
http://www.thetradingreport.com/2014/05/16/the-massive-myth-about-the-economy-and-the-stock-market/
By Dr. Steve Sjuggerud ( | Original Link) · On 
http://www.thetradingreport.com/2014/09/18/confessions-of-a-business-student/
By CharlesMatte ( | Original Link) · On 
http://www.thetradingreport.com/2014/10/23/10-things-about-the-u-s-news-media-that-they-do-not-want-you-to-know/
By Michael Snyder ( | Original Link) · On 
Last but not least is the China's Legendary Jack Ma
http://www.thetradingreport.com/2014/09/23/jack-ma-if-youre-poor-at-35-you-deserve-it/
By Zach Ho via VulcanPost.com ( | Original Link) · On

Wednesday, 8 October 2014

激進伊斯蘭國,最令人恐懼的還不是他們的「暴力」

商業周刊 2014-08-21  |  Sanjeev Sanyal  |  Project Syndicate 2014-08-08

隨著美國總統歐巴馬終於下令發動空襲並為伊拉克北部難民空投食品和救災物資,世界終於對伊斯蘭國(Islamic State)採取了行動。在幾個月內,這一不久前仍自稱伊拉克和敘利亞伊斯蘭國(Islamic State in Iraq and Syria)的聖戰組織已經控制了兩國的大部,並在此建立了其所謂的新哈里發帝國。但恐懼伊斯蘭國的真正原因並非其對暴力行為,而是該組織成員用冷血的方式掃蕩該地區的社會、文化和人口歷史。

在短短幾週內,伊斯蘭國已經在其控制的地區,將所有什葉派穆斯林和基督徒清掃殆盡。世界最古老的基督教社區之一摩蘇爾已經沒有基督徒。寶貴的亞述藝術品在反偶像崇拜運動中被公開毀掉。

事實上,伊斯蘭國甚至看不起,與其同宗但不同意其對伊斯蘭教義極端解釋的遜尼派。大量神廟遭遇摧毀,其中一處據稱是約拿之墓。

同樣令人恐怖的是,最嚴重的迫害對準了耶西迪人(Yezidi,與庫爾德人一起生活的古老宗教群體)。耶西迪人數量不到50萬,三分之二生活在伊拉克北部的摩蘇爾周邊。其餘三分之一散落在敘利亞、亞美尼亞和土耳其等周邊國家。更晚近一些,德國和美國也有耶西迪人社區。

儘管幾百年來受到了基督教和伊斯蘭教的影響,但耶西迪宗教有著悠久的異教徒歷史,至少可以追溯到青銅時代末期。有趣的是,他們的信仰與印度教有頗多相似之處——比如,他們相信投胎,稱其祈禱面對日出和日落時的太陽,甚至還有種姓制度。他們還崇拜Tawûsê-Melek(孔雀天使,孔雀產於印度次大陸,耶西迪人地區並沒有分佈)。

耶西迪人的起源尚不清楚,但文化和基因證據表明他們可能是公元前2000年到1000年間西遷的印度部落的後裔。有大量證據表明青銅時代的印度語中東關係密切。比如,古伊朗的拜火教(耶西迪人的信仰與此有關)​​於早期印度教關係緊密。

幾個世紀以來,基督徒和穆斯林都把耶西迪人稱為「魔鬼崇拜者」,向他們施加了無情的迫害,特別是在十八和十九世紀的奧斯曼土耳其帝國。一系列種族滅絕殺戮了數十萬耶西迪人,幾乎讓他們絕種。

在薩達姆·侯賽因(Saddam Hussein)治下,耶西迪人不再受到公然宗教迫害,儘管其文化依然面臨阿拉伯化威脅。後來,情況急轉直下。20074月,持槍者將23名耶西迪人趕下公車,然後將他們射殺。四個月後,一系列連環汽車炸彈襲擊至少令包括婦女和兒童在內的300人喪生。

如今,耶西迪人面臨著從未有過的巨大威脅。伊斯蘭國讓摩蘇爾的基督徒選擇,可以支付吉茲亞(jizya,根據什葉派法律向非穆斯林徵收的特別稅)或離開。耶西迪人沒有選擇的機會,他們被視為「魔鬼崇拜者」,慘遭屠戮。

如今,耶西迪人的核心分佈區──摩蘇爾周邊──已經差不多被伊斯蘭國控制。8月初,隨著庫德族人武裝被迫撤離,世界上唯一一個耶西迪人佔多數的小鎮辛賈爾(​​Sinjar)淪陷。隨後,大規模種族滅絕的報導開始出現。許多難民逃往山中,互相隔絕,動彈不得。據說已有數百人死於乾渴和飢餓。最神聖的耶西迪聖地拉里什(Lalish)有被夷平的危險。

悲哀的是,很少有媒體對耶西迪人所面臨的困境表示憤慨。也許美國的空投以及所承諾的戰略干預,加上可能的與庫德族人武裝(由美國重新整頓)的聯合行動,能夠拯救倖​​存者​​,但要讓他們盡快回歸家園幾乎不可能。

幾百年前,最後一批拜火教徒為了躲避迫害而從伊朗逃往印度。他們的後代——為數甚少的帕西人(Parsi)仍生活在印度。如今,誰能給予伊拉克最後的異教徒容身之所?

桑吉夫·森雅爾(Sanjeev Sanyal)是經濟學家,著有《印度復興》和《七河之地》。他是2010年世界經濟論壇全球青年領袖之一。

Sanjeev Sanyal
Sanjeev Sanyal is Deutsche Bank’s Global Strategist and a World Economic Forum Young Global Leader. He is the author of The Indian Renaissance: India's Rise After a Thousand Years of Decline (Penguin, 2008) and Land of the Seven Rivers: A Brief History of India's Geography (Penguin, 2012).

Monday, 22 September 2014

What's going on Alibaba's IPO D-Day?

$93.89 was where Alibaba stock closed its first day of trading Friday. 
The stock traded as high as $99.70 before drifting lower to finish the day...
By Greg Guenthner, Sept 22, 2014

It's off to the races!

All eyes were on Alibaba (NYSE:BABA) Friday morning as the record-breaking IPO finally started trading. Thanks to order imbalances, the exchange delayed the opening of trading for more than two hours. But even with the extra wait, investors impatiently gobbled up shares...

Early Friday morning, it looked as if BABA would begin trading around $80. That was moved to $83. Then, they raised it again. All told, the offering price ticked higher nearly a dozen times before BABA finally started trading. And when the stock started moving, you could see just how strong demand really was...

About 100 million shares of BABA exchanged hands during the first 20 minutes of trading, according to multiple reports. By the end of the day, more than 270 million shares had traded.

Of course, media reports on the IPO almost all touted the demand--and stock's 38% gain from its offering price. While it's true that BABA did jump nearly 40% in its first day of trading, there's no way your average investor captured any of these gains. In fact, if you bought BABA when it first began trading you're actually sitting on a loss right now...

BABA's big opening push actually faded as the day wore on. So if you bought as shares ticked toward $99, you'd be sitting on a loss of about 5% right now--not exactly the huge daytrading gains touted in the IPO-obsessed media reports.

There could be plenty of opportunities to trade Alibaba stock. But only if you're patient. Let's wait for this red-hot name to get some price history under its belt before we consider picking up shares... 

Greg Guenthner heads up Agora Financial’s small-cap division and is the founder of one of the only independent OTC research advisories in the industry. A graduate of George Mason University, Guenthner joined Agora in 2005 after several years as a journalist.
   

Friday, 19 September 2014

Alibaba IPO via NYSE

Alibaba Market Cap Tops $225 Billion on IPO Debut, Passing Facebook
By Seth Fiegerman, 

Watch out, Facebook, you've got company in the $200 billion club.

After a two-hour delay on Friday morning, Alibaba stock began trading at $92.70 a share, well above its IPO price of $68 a share, giving the company a market cap of nearly $230 billion. That puts Alibaba value significantly above Amazon's market valuation, a company it's often compared to, and on par with Facebook.

Alibaba raised $21.8 billion from its public offering, making it the largest U.S. IPO of all time and further establishing the company as a giant on the world stage. The company is now trading on the New York Stock Exchange under the stock ticker "BABA."
Screen Shot 2014-09-19 at 3.31.36 PM
Alibaba's market cap is larger than all tech companies,
except for Apple, Google and Microsoft
Image: FactSet
Jack Ma, the founder behind the Chinese ecommerce giant, flashed the thumbs up sign to onlookers as he entered the historic stock exchange to kick off the first day of trading for his company. Once inside the exchange, Ma took pictures with reporters and talked up his long, improbable journey from English teacher to the richest man in China, which started with his discovering the Internet in Seattle nearly 20 years ago.

At one point, Ma exhibited some of his characteristic quirkiness by telling CNBC that his hero is Forrest Gump. "The hero I had was Forrest Gump," Ma said in the interview, to the shock of his interviewers, one of whom asked if Ma knew Gump was a fictional character. "I really like that guy," Ma continued. "I've been watching that movie for about 10 times. Every time when I'm frustrated, I watch the movie. And I watched movie before I came here."

However, when it came time to ring the bell to kick off the trading day, Ma decided to watch from the sidelines. Instead, a group of eight customers rang the bell, highlighting Alibaba's focus on the customer.

"Who are the people we should be thankful? We say we thank the customers. We thank the young - it's the people. It's not us," Ma told Bloomberg TV on Friday. "So that's why we put the young people there and the customers because we believe after 15 years the purpose of working so hard is that we want to make these people successful because when they're successful our success is a result."

Over the years, Ma has repeatedly emphasized that it's the customers who come first, followed by employees and only then shareholders.

"I have said on numerous occasions that we will put 'customers first, employees second and shareholders third,'" Ma wrote in a letter to investors, including with Alibaba's IPO paperwork. "I can see that investors who hear this for the first time may find it a bit hard to understand. Let me be clear: as fiduciaries of the company, we believe that the only way for Alibaba to create long-term value for shareholders is to create sustainable value for customers. So customers must come first."

Alibaba's $21.8 billion public offering was far more than the $16 billion that Facebook raised and topped Visa's $17.8 billion IPO, which previously held the title of biggest in U.S. history.

Ref:  http://infogr.am/the-largest-us-ipos-ever?src=web

The company is expected to use some of the proceeds from its IPO to fuel a global expansion into the United States and Europe. The public offering will also provide a windfall to Yahoo, which has a 22.4% stake in the company thanks to a $1 billion investment in 2005. That will provide Yahoo CEO Marissa Mayer with additional resources for big acquisitions.

Ma founded Alibaba with 18 friends in his one-bedroom apartment in 1999. His goal was to use the Internet to change China and help small businesses in the country connect with markets abroad. Along the way, he butted heads with giants like eBay and was repeatedly called crazy for his vision to build a global ecommerce company.

Alibaba is now the largest ecommerce service in China with 279 million active buyers and $2.54 billion in revenue during the June quarter of this year.

"Well we had a big dinner last night," Ma told Bloomberg TV when asked how he and his cofounders celebrated the IPO. "And everybody cried."

Source:  http://mashable.com/2014/09/19/alibaba-ipo-day/
Mashable is a leading source for news, information & resources for the Connected Generation. Mashable reports on the importance of digital innovation and how it empowers and inspires people around the world. Mashable's 34 million monthly unique visitors and 14 million social media followers have become one of the most engaged digital networks in the world.


Wednesday, 17 September 2014

Top 7 Non-Financial Skills Required In Finance

Did you know that having top-notch mathematical skills and financial knowledge are only the tip of the iceberg when it comes to excelling as a financial professional? Mitch Pisik, who has held numerous senior management positions including the CEO role of Beckwell Products and has more than 20 years of experience in business development, operations, and finance, advises that "the accounting/financial aspect of the job is the floor - not the ceiling."
In other words, if you can't perform the other basic functions of your job, you won't make it. In order to stick around and get ahead in finance, check out the essential non-financial skills you need to master. (Without some basic knowledge, you won't get the job. Find out what you need to know and how to prepare in Top Things To Know For An Investment Banking Interview.)

The Non-Financial Skills You Need to Succeed in Finance

1. Communication Skills
Financial professionals can't just be good at crunching numbers - they must be able to communicate their knowledge with strong speaking, writing and presentation skills.

Beverly D. Flaxington, author of "7 Steps to Effective Business Building for Financial Advisors," says that when you are presenting to a board, an investor or a prospect, you need to know how to convey complex information in a way people can easily understand.
(To learn more, read 7 Courses Finance Students Should Take.)

2. Relationship-Management Skills
The people skills you need to succeed as a financial professional include understanding different personality types, listening, asking the right questions, resolving conflicts, educating others and counseling clients.

Financial planner Judith Cane of Ontario-based Antara Financial Group says that success in finance is "15% technical knowledge and 85% psychology. When people come to see me it's because they have issues with money. They spend too much, they don't save anything or they save everything." What clients often need, therefore, is an unbiased advisor who can understand their needs and help them make financial decisions.

Managing relationships is key whether you're dealing with subordinates, co-workers, bosses or people outside your company. When people trust you, like you and feel that you respect them, they will want to help you succeed, whether it's by speaking highly of you, promoting you or signing up to be your client.
(For more on the importance of relationship-building, see Small Business: It's All About Relationships.)

3. Marketing and Sales Skills
Robert L. Riedl, director of wealth management for Sumnicht Associates in Appleton, Wisconsin, says financial professionals need to be able to market their professional skills and knowledge to prospects in their niche markets. To do so, it's imperative to have a complete understanding of both your personal strengths and your firm's professional strengths.

He further advises that in marketing yourself to clients, you shouldn't just communicate how much you know, but also how much you care, because "the client's most valuable assets and their biggest daily concern is not their monetary wealth, but rather their family." Clients want to know that you can help them manage their money to best provide for their family's long-term needs.
(For more on marketing in financial careers read The Marketing Director's Pitch and Generational Marketing: Harvest The Whole Family Tree.)

4. Project Management Ability, Organizational Skills and Attention to Detail
Any task that takes more than a few minutes is essentially a project - one that you'll need to manage effectively to be profitable. You'll need to efficiently and effectively schedule your time, manage budgets, meet deadlines and get what you need from other people in time to complete your project successfully.

Both during and after any project, staying organized and paying attention to detail are also key.

Corporate finance professional Myles Wolfe says, "For any analytical project, someone will usually have questions about the inputs and assumptions. If you can't deliver timely backup information, even if it is 100% accurate, people will question the accuracy of the final output."

He says it's critical to have both your electronic files and hard copies organized to access information quickly. You might get asked a question months after your initial analysis by a
CFO who needs the information in 30 minutes for a conference call.

"Especially in the financial world, sloppiness is intolerable," he says.

5. Problem-Solving Skills
You will always encounter problems in any job, and being able to solve them rather than cracking under pressure is essential.

To get ahead, it can also be helpful to look beyond your own personal responsibilities. Pisik advises that by helping your coworkers solve their problems rather than simply reporting them to upper management, you'll be viewed as a team player.

"People will gravitate toward you and your career will flourish," he says.

6. Technological Savvy
No matter where you work, you will need to be proficient with computer hardware and software and able to pick up new programs related to your job quickly.

The more shortcuts, keys, programs and functions you know in Excel, the better off you will be in finance. You should also get familiar with marketing and communication software tools
. (Swimming in a sea of numbers? Find out how to crunch them quickly! Check out Microsoft Excel Features For The Financially Literate.)

7. Tenacity and Ethics
A competitive personality, passion for your work and the stamina to work long hours and go above and beyond what's expected of you and what your co-workers and competitors are doing are all crucial to success in finance. At the same time, you can't be so competitive that you make poor choices, or your career and reputation will suffer.

Kevin R. Keller, CEO of the Certified Financial Planner Board of Standards, says that adhering to a set of ethical standards such as those required of
certified financial planners (CFPs) is crucial to rebuilding the trust that has been broken by financial scandals.

The Certified Financial Planner Board of Standards' Standards of Professional Conduct requires CFPs to provide professional services with integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence. Anyone who works in finance would be wise to hold himself or herself to principles such as these.
(For more food for thought on ethics in finance, read Ethical Issues For Financial Advisors and 8 Ethics Guidelines For Brokers.)

Anticipation
Looking ahead to what bosses or clients will need from you in the immediate or even the distant future will help you rise to the top. It's not enough to just solve the day-to-day challenges of your job; you must be able to think long term. Consider the following:
  • What skills can you develop and what accomplishments can you put under your belt that will get you rehired if you are laid off, land you a promotion at your current company or get your foot in the door at another company?
  • How can you make your boss's life easier by anticipating what he or she will need from you tomorrow, next week or next month and taking care of it ahead of time?
  • How can you develop relationships with your clients by paying close attention to their situations? For example, if you notice that the woman who has come to you for help managing an inheritance is pregnant, realizing that she could need help saving and investing for her child's college education, updating her will and possibly creating a trust can help you create a long-term business relationship with that client.
Putting It All Together: Wisdom and Interpretation
Los Angeles-based writing consultant Elizabeth B. Danziger, founder of Worktalk Communications Consulting and author of "Get to the Point!", says, "Clients of financial-service professionals are looking for more than knowledge and numbers: They're looking for wisdom and interpretation."

By combining your ability to analyze numbers with skills like communication, project management and relationship development, you'll emerge as a leader and position yourself to rise to the top of your field.
(Experience and hard work go a long way toward securing a position in this challenging field.  See 10 Steps To A Career In Hedge Funds.)Bottom of Form

Amy Fontinelle is a financial journalist and editor for a variety of websites, public policy organizations, and book publishers. She has written hundreds of published articles and blog posts on topics including budgeting, credit management, real estate and investing. Her articles have been featured on the homepage of Yahoo! and on Yahoo! Finance, Forbes.com, SFGate.com and numerous local news websites.

Source: www.investopedia.com

Saturday, 13 September 2014

6 High-Value Skills That Will Supplement Your Career

If you're lucky enough to be a specialist in your field, you're ahead of the curve. Whether you're a marketer, accountant, writer, artist or engineer, you're more competitive with a refined skill-base. Beyond knowing the language and general trends of your trade, you need to be able to produce something of high value and economic necessity. Give yourself a competitive advantage by augmenting your talents with a new skill

Mobile App Creation
This innovative and growing field is an area where comparatively few people specialize, and it is a niche that can support a variety of skill sets. At face value, the strongest demand seems to exist for programmers and developers; however, in actuality, product design incorporates a range of talents. To succeed, a stellar mobile app needs expertise from writers, marketers and people who are visually inclined. No matter your niche, you can find a complementary specialty in this field.

Web Development
The Internet industry is one field where creative talents are in high demand. If you're an artist or writer, you may notice that there is plenty of opportunity to find work that is high in demand. If you develop a range of technical skills, you'll be able to see the bigger picture. If you're a graphic designer, blogger or writer, you'd benefit from learning a programming language for the web.

Blogging
No matter your area of expertise, the ability to blog is valuable. For instance, you could contribute to an influential blog in your industry – quite possibly for compensation. You can also maintain your own blog to attract prospective clients and employers. Beyond functioning as a networking tool, blogging can help you reflect upon and organize your insights.

Data Analysis
With the growth in online shopping, social media, advertising and mobile development, the Internet is creating new windows of opportunity to analyze data. No matter your job function and industry – whether you are an artist, writer, healthcare professional or something else entirely, a solid understanding of data will give you a competitive edge in your role. You don't need to be a data expert, but strive to have an understanding beyond basic percentages to evaluate nuances and presentation strategies.

Coding
The value of programming stems beyond the fields of software development and engineering. By learning a programming language, you will become a more efficient marketer or financial analyst. While you don't need to learn these techniques to perform your job function, you'll only serve to gain a competitive advantage by diversifying your skill set. At the very least, you'll develop a core understanding of the communication skills that you need to collaborate cross-functionally, outside of your department or main area of expertise. No matter how you apply your coding skills, you'll be in a position to perform tasks more efficiently.

Networking
Today's most successful organizations thrive on the combined expertise of many types of people. Whether or not you realize it, strong networks make you exponentially more valuable. If you need help or if you need to find someone to help you accomplish a goal, you can always rely on your network to help you find the answer. As you grow in your career, your network will give you the competitive edge that you need when job-hunting for a high-paying position.

The Bottom Line
If none of these options appeal to you, look at market trends to see where needs exist and skills are highest in demand. Then, work on building that skill. With practice, you'll become proficient enough to increase your market worth in any job function. After all, when you perform more efficiently, you increase your ROI.

Based in Los Angeles, Ritika has lived her entire life in some of the most expensive areas of the United States. Instead of giving in to high costs of living, she has developed effective budgeting strategies to help her get the most out of her money, whether she's shopping for basic necessities or giving in to her ultimate guilty pleasure - shopping for clothes.

Source: www.investopedia.com