阅后即焚(六)

The Economic Observer Issue 605 28-01-2013

  • Caterpillar write down Zhengzhou Siwei due to accounting fraud; two former shareholders of Siwei bought the company cheap and sold to Caterpillar high; “Americans cheating American”;
  • Chinese urbanization: “establishing cities by rescinding townships”; “removing mountains to build cities”; but local government still put much pace and relied on land sale for revenues; must carry out a deep reform of the existing land management system;

张丹红:欧洲人事竞争德国为何屡败

  • 德国人原则至上:前联邦银行行长韦伯坚决反对购买希腊国债,辞职拒接欧洲央行行长;央行首席经济师斯塔克抗议央行越来越依赖于政治而辞职;
  • 法国的掣肘:竞争更露骨、执着和具外交手腕(拉加德接替卡恩IMF职位);
  • 成功进入欧洲决策层的德国人努力忘却本国利益(不愿在外界引起民族主义重新抬头的嫌疑);
  • 将本国利益交由同属北欧阵营的荷兰、芬兰去维护。

Treasury Gets A Citibanker

  • nominated treasury secretary Jack Lew, took CAI job in 2008;
  • “The greatest irony is that given Mr. Lew’s crisis-era resumé, he bears a remarkable resemblance to the bankers who President Obama says created the financial crisis and deserve federal investigation.”

B&N Aims to Whittle Its Stores For Years

  • now 689 stores wit 674 college stores; in ten year will have 450 to 500 stores;
  • Random House (the world’s largest publisher) ‘s ebook sales count for 22% from almost nothing five years ago;
  • bookstores serve for different purposes from other retail outlets, people could not sit and chat in bedbath&beyond;

How trust deficit is hurting the economy

  • trust breaks down, economy is damaged; 
  • (Gallup) 25% trust in newspaper, 21% in television, only 13% to congress;
  • food industry spending 30% more time meeting with regulators today than they did few years ago;

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