Category: finance | 은행업

Finance is a really odd section for me to have. I don’t come from a finance background, I have no interest in fin-tech. Yet it makes its appearance here on this blog.

When thinking about this category, I decided to reflect on why its here. It’s usually where curated content sits, rather than my own ideas.

The reality of life in the west is that everything has become financialised. As I write this as people think about web 3.0, they are thinking about payment systems first and working about utility later. This implies that the open web we know won’t be part of the metaverse in terms of ideas or ethos.

Instead of economic growth consumer spending depends on different ways of creating credit. Its no accident that delayed payments finance company Klarna is the biggest thing in European e-commerce at the time of writing this page.

Back when I started writing we were heading into the financial crisis of 2008, the knock on effects of that could still be felt a dozen years later and was a contributing factor to Brexit and Trump victories. The ‘occupy’ movement was catalysed by the financial crisis and then turned into something else. For instance it became a pro-democracy movement in Hong Kong.

We had the implosion of financial brands like Lehman Brothers and the Royal Bank of Scotland. This created a lack of trust in business, the media and the government.  We are still seeing that play out today, from cryptocurrency to conspiracy theories and a lack of trust by the public in experts.

  • Cleantech + more news

    Cleantech

    Insight: How cleantech tarnished Kleiner and VC star John Doerr | Reuters – when thinking about cleantech it is worth remembering that Doerr also made crazy bets on Netscape. It may have been the wrong thing to do from a finance point-of-view but the direction was right. Robert X. Cringely described technology as being like surfing, hitting and riding a wave at the right time and knowing when to get off. Doerr wasn’t the only person to hit the wave to early. Vinod Khosla also bet big too early on cleantech with his firm Khosla Ventures. Beside Cleantech, Doerr and Khosla also had a common path. Khosla was a Kleiner Perkins alum. Both had being part of the founding team at Silicon Valley royalty, Khosla at Sun Microsystems and Doerr at Intel. Cleantech has been of interest since the rise of environmental movement and hit different peaks during the OPEC oil crises. But its only with global warming that cleantech interest got serious

    Consumer behaviour

    The Future of Drugs | VICE – interesting essay on the consumer behaviour side of things

    Culture

    WeAreFSTVL’s stream on SoundCloud – keep an eye on this

    Economics

    Paul Krugman On Technology And Inequality – Business Insider – technology is likely to encourage inequality for decades

    Hong Kong’s fading love affair with its property barons signals Beijing’s growing clout – Quartz – or maybe like most economies the mix needs to be tweaked

    No longer factory of the world, China is now its banker – Quartz – interesting data about China doing outbound foreign direct investment

    Chart Focus: How to compete in emerging markets – Chinese markets as urban clusters

    Finance

    Secrets and Lies of the Bailout | Rolling Stone – interesting colour on top of what people knew with regards the 2008 banking crisis

    FMCG

    Frosties sales decline because of advertising ban on television – Mirror Online – advertising works, opportunities for below-the-line marketing not being exploited by food companies?

    Unilever’s Jon Goldstone: A great brand can’t stand for ‘cheap’ – Marketing news – Marketing magazine – interesting move away from data driven marketing

    Innovation

    The Amazings – interesting idea in terms of knowledge sharing

    Accoustic Renaissance for Audio proposalMono could be enjoyed side-by-side with friends, whereas stereo is only for the ‘hot-spot’, hence highly personalized. Now multi-channel can again provide a much wider listening area, therefore it can again be enjoyed with friends or families – Negishi-san’s observation on the social aspects of listening are very interesting

    Carbon Fiber: The Secret of the 2014 Corvette Stingray – interesting that the price point isn’t above the previous glass reinforced plastic (GRP) models

    Koreans create magnetic transistor that could turn every CPU into an FPGA | ExtremeTech

    Handheld See-Through-Wall Radar | The Firearm Blog – crazy sci-fi tech that’s real

    Korean boffins crack art of bendy batteries • The Register

    Japan

    Survey of Japanese Young Adults Shows Preference for Twitter, Facebook

    Luxury

    KPMG – Global reach China Luxury – interesting and more nuanced take on the Chinese market for luxury goods

    Media

    Super League clubs on brink of financial abyss, says finance expert | The Guardian – I have a personal interest in not seeing top-flight rugby league go under, but if it did, I imagine that tyre-kicking bears would also look at other sports

    Analysis: US, Australia social network usage flat, New Zealand now the world’s biggest user of social networks? | Trends in the Living Networks

    MK – FACT Magazine – love the video interviews with MK

    Obama: ‘One of the biggest factors is going to be how the media shapes debates’ | Poynter. – or how the changing structure of media industry will change debates

    Lionel Barber’s email to FT staff outlining digital-first strategy | guardian.co.uk – feels very much like what the Telegraph went through ages ago

    Antigua Government Set to Launch “Pirate” Website To Punish United States | TorrentFreak

    New York Times to launch electronic corrections form | Journalism.co.uk – expect PRs to be all over this

    Greg Sandoval quits CNET over CBS editorial interference | JIMROMENESKO.COM – CBS versus Dish Networks casualty

    Online

    Just Under Deadline, Google Responds to European Antitrust Concerns – AllThingsD

    Ahead of Graph Search launch, Facebook removed the ability to opt out of search results – Quartz – you know that this is going to end badly for at least some people

    Goodbye LinkedIn answers, hello more Group spam? | Econsultancy – disappointing for B2B marketers

    Quality

    CES: Worse Products Through Software – if you only read one article about CES read this

    Retailing

    Why online book discovery is broken (and how to fix it) — paidContent – I’d argue that it was similar with non-chart music purchases as well

    Capgemini retail study commissioned by TJ Hughes (PDF) online going to be big apparently

    Security

    Errata Security: I conceal my identity the same way Aaron was indicted for – interesting how technological use clashes with the law

    The Future of Crime | VICE – interesting thoughtful article by VICE that touches a lot of current hot technologies including 3D printing and in-car computing

    Why We’re Raising the Signature Threshold for We the People | The White House – interesting given the timing with Aaron Swartz-related petition activity

    Software

    OmniGroup are going back to the Mac; after spending the past few years bringing their applications to the iPad. I particularly like OmniPlan as a piece of project management software. If there was one worthwhile thing that came out of MacWorld Expo this year, this was it

    Microsoft’s Role a Sticking Point in Dell Buyout Talks – WSJ.com – has Microsoft learned from the Nokia deal, would it have been easier if Elop had taken Nokia private to do the Lumia changeover?

    Nokia builds WP8 momentum, but will increase its costs – Rethink Wireless – careful calculus?

    Elsevier In Advanced Talks To Buy Mendeley For Around $100M To Beef Up In Social, Open Education Data | TechCrunch

    Line, The Messaging App That Took Japan By Storm, Crosses 100M Users And Enters The U.S. | TechCrunch

    Nokia Sales Down 79% in China as Symbian Dies, Lumia Slow to Grow – which is a huge drop in the world’s biggest wireless market

    Daring Fireball: The Trend Against Skeuomorphic Textures and Effects in User Interface Design – technology means that display limitations no longer need to be hidden by skeuomorphic design

    Basecamp Personal Takes Project Management Out Of The Office, Ditches Subscriptions For A One-Time Fee | TechCrunch – much more accessible

    Technology

    New Media Knowledge – Ovum finds “live-to-work” ethos is driving faster BYOD adoption in high-growth markets than mature markets

    Excess chip inventory set to hurt Q1 – signs of an electronics downturn

    NTSB: “No Obvious Anomalies” in Dreamliner Backup Battery | Frequent Business Traveler – which screws the prevailing narrative being pushed that tried to taint the Japanese battery supplier

    Robot Makers Spread Global Gospel of Automation – NYTimes.com – I guess we know what John Markoff’s next book maybe about. Interesting read through

    Surface with Windows RT: The prettiest thing you’ll never want to touch again | Reuters – one of the most brutal reviews that I have read

    UBS slashes its Microsoft Surface RT sales forecast by 50 percent- The Inquirer

    Telecoms

    TeliaSonera’s Uzbekistan scandal is a warning to telecom CEOs everywhere – Quartz – It has come out in the Nordics first, primarily because of the transparency there, but I wouldn’t be surprised it was endemic amongst the wireless groups in the EU and US

    Chinese government reportedly in talks to lift 12-year ban on gaming consoles – The Next Web

    Web of no web

    Moves takes on Fitbit and Nike+ FuelBand with a simple iPhone app for tracking your daily activity – The Next Web

    Wireless

    Why The WSJ Got The ‘iPhone Demand Is Crashing’ Story All Wrong – Forbes – the WSJ has been going for much more speculation journalism to compete on reporting with the likes of TechCrunch, I guess you could call it a blogification of the fourth estate

    In Asia’s trend-setting cities, iPhone fatigue sets in | Reuters – interesting association with Hallyu. I pass an electronics store every morning and there is always a Girls Generation concert playing on the LG televisions. Is this the decline of American culture’s power?

    HTC Mini announced as a remote for your smartphone (Cory Gunther/Android Community)

    Strong Demand for Smartphones and Heated Vendor Competition Characterize the Worldwide Mobile Phone Market at the End of 2012 – IDC press release – epic headline

    Samsung’s predicament – Chris Dixon – is the PC analogy the correct one?

    Samsung seeks to block Apple appeal for sales ban – San Jose Mercury News

  • Jamie Hewlett + more news

    Jamie Hewlett

    Jamie Hewlett was not someone that I would have associated with luxury menswear brand Dunhill. Dunhill have been creating interesting content for a number of years, that used to be accessed through an iPad application and their own site. This interview with Jamie Hewlett is brilliant. Hewlett’s talent as a comic creator developed early with him working in the studios of Bob Godfrey. Godfrey is famous to UK TV watchers for the cartoon series Rhubarb & Custard. After college Jamie Hewlett was recruited for Deadline magazine, which is where his iconic Tank Girl creation was formed and his relationship with Damon Albarn of Gorillaz.

    Jamie Hewlett submarined during the 1990s when the underground became mainstream drawing Get The Freebies. Eventually Jamie Hewlett teamed up with Albarn to provide the visual look of The Gorillaz.

    mrspring.net – I love veteran DJ Mr Spring (aka Tim Hannigan) website

    Economics

    Next Chinese leaders face loose ends left by breakneck economic growth | South China Morning Post – slower sustainable economic growth

    Ticked off: How stock market decimalization killed IPOs and ruined our economy ~ I, Cringely

    UK consumers make “trade offs”: News from Warc.com

    Hardly anyone in the U.S. economy feels prosperous ~ I, Cringely

    Tom Holland: Five years after crisis began, we still can’t see the elephant | SCMP.com – (paywall)

    Consumer Sentiment in U.S. Rose to Three-Month High – Businessweek

    Analysis: Big cuts still ahead on Britain’s road to clear deficit | Reuters – things are about to get harder, expect a decade of pain

    Further Fed easing not predestined: Fisher | Reuters

    China’s Economy Besieged by Buildup of Unsold Goods – NYTimes.com

    China: gloomy factory output survey | beyondbrics

    Finance

    China UnionPay to lose monopoly following WTO ruling|WantChinaTimes.com

    Despite Difficulties, China’s Banks Are Unlikely to Crash | China Power

    Special Report: UK banks face scandal over toxic insurance products | Reuters

    Hong Kong

    An IPO minor league in Hong Kong for startups ~ I, Cringely

    ‘Triangular debt’ squeezes HK exporters’ supply chain | SCMP.com – tight credit in China and foreign buyers taking longer to pay their bills moving from 60 to 90 day terms(paywall)

    How to

    Free Template: Easily Create Infographics in PowerPoint

    Use the FORD Technique to Make Small Talk Easier

    Ideas

    comScore Releases White Paper: “The Economics of Online Advertising: How Viewable and Validated Impressions Create Digital Scarcity and Affect Publisher Economics” | Virtual-Strategy Magazine

    Print Your Own Penis | VICE – Warren Ellis on 3D printing and biotechnology

    Innovation

    Made in America, by robots

    Starbucks Wants to Turn Its Coffee and Old Baked Goods Into Laundry Detergent

    Scientists develop lithium-ion battery that charges 120 times faster than normal | ExtremeTech

    Harvard creates cyborg flesh that’s half man, half machine | ExtremeTech

    Can a Computer Tell Us What Makes Paris Look Like Paris? – The Atlantic

    TSMC refuses exclusive deals for Apple and Qualcomm – Rethink Wireless

    Darpa Has Seen the Future of Computing … And It’s Analog | Wired.com

    Apple’s Tim Cook Adds Engineering VPs to Executive Management Team; Mansfield to Stay – AllThingsD – interesting that Bob Mansfield has been hauled out of retirement after two months

    The Emerging Revolution in Game Theory – Technology Review

    Harvard cracks DNA storage, crams 700 terabytes of data into a single gram | ExtremeTech

    Silicon Valley’s Hardware Renaissance – NYTimes.com

    Japan

    63-year-old engineer may be Japan’s last ninja ‹ Japan Today so sad

    ‘Shirato Family’ star alongside Tommy Lee Jones in Boss-SoftBank crossover commercials ‹ Japan Today: Japan News and Discussion – love the crossover idea

    Korea

    ‘Gangnam Style’ Viral Popularity in U.S. Has Koreans Puzzled, Gratified – Speakeasy – WSJ – interesting take

    Luxury

    Jing Daily: China Is One Of The Most Exciting Places To Be An Architect Right Now

    Marketing

    Nike’s ambush marketing rests on design: News from Warc.com

    Media

    Facebook’s China problem – Fortune Tech – nothing new but a cursory analysis and oblique explanation of why Facebook’s share price has dropped

    How ‘Call Me Maybe’ and Social Media Are Upending Music – NYTimes.com – what comes through in this article to me is the serendipity rather than science

    Sina Released New Weibo Ad Format with Guaranteed 100% Reach | China Internet Watch

    How to forecast FB stock price correctly – read the Prospectus – broadstuff – I struggled with the valuation, the lack of rationality in the decision making process that Broadstuff lays out scares the living daylights out of me. What happened to the expensive education many of the investors would have enjoyed?

    Big Porn v. Big Web Ruling Could Spell Trouble for ICANN

    Improvements To Our Site Integrity Systems | Facebook Blog – no more zombie likes (buy ads instead)

    New Media Knowledge – BBC’s ‘VirtualBagel’ experiment does not prove Facebook Advertising ineffective

    Facebook’s Got a Brand Problem | Digiday

    Is Google’s Synonym Matching Increasing? How Searchers & Brands Can Be Both Helped & Hurt By Evolving Understanding Of Intent

    Fantasy Apple TV | Monday Note – interesting that this is coming up whilst Hulu owners aren’t sure what to do with the business. I suspect the AppleTV speculation is more about media industry shadow boxing

    And Now Facebook’s Bankers Are Divvying Up The $100 Million They Made Shorting Facebook’s Stock – Business Insider

    DEAR FACEBOOK EMPLOYEES: Here’s The Truth About Your Stock Price – Business Insider – interesting how it matches this

    American Vogue’s September issue causing postal problems – Telegraph – good to see that print adverts are doing well somewhere

    UK supermarket Sainsbury’s to launch own-brand video streaming service | The Verge

    Online

    Resonance China | User analysis across top 5 China social media networks.

    Sina Weibo Plans Google+-Inspired, Advertising-Focused Redesign

    Sweet? Mayer Declares That It’s Peanut Butter Jelly Time at Yahoo – AllThingsD – cutting back on meetings and endless process for the sake of process. However it also needs to have direction that doesn’t change week by week

    Google facing irrelevance in China • The Register

    Ex-Yahoo: Marissa Mayer Needs To Fire 10,000 People And Get Rid Of All The BlackBerrys – Business Insider

    Can Someone Please Beg Google to Make Their Search Engine Useful Again? | Mother Jones

    Retailing

    Amazon’s Bezos Explains How It Makes Money While Keeping Prices Low – AllThingsD – this interview feels too well messaged, Bezos dodges like a politician

    New Media Knowledge – New Facebook study sheds light on retail fans’ habits – I’ll revisit this when I have time

    Uh Oh! Amazon Researchers Say Pinterest Doesn’t Generate A Lot Of Sales – Business Insider

    Prospects for “F-commerce” mixed in UK: News from Warc.com

    Chinese shopper habits evolve: Warc.com

    Samsung store looks like Apple store

    Security

    Huawei – information security white paper

    Wikipedia founder Jimmy Wales attacks government’s ‘snooper’s charter’ | The Guardian

    Monocolumn – Military secrets are too good to keep [Monocle]

    How I cracked my neighbor’s WiFi password without breaking a sweat | Ars Technica

    Private justice: How Hollywood money put a Brit behind bars | Ars Technica – what is disturbing about this the failures in due process like the RIPA authorisation paperwork

    MPs call for FATCA-style automatic disclosure of UK citizens’ foreign tax affairs

    Hackers backdoor the human brain, successfully extract sensitive data | ExtremeTech – expect HR departments to get hold of this technology soon

    Software

    Samsung exec says company isn’t entering OS wars – FierceWireless – Samsung is the elephant in the room and it doesn’t mean that it doesn’t have a Linux based OS in its back pocket

    Samsung Claims Its Phones Don’t Infringe on Apple Patents Because Android Multitouch Sucks Too Much – title is a bit misleading: more complex and harder to develop for

    EU says Microsoft pledged to meet antitrust requests on browsers | Reuters

    nvPY Is a Fast, Free, Syncing Note-Taking App for Windows, Mac, and Linux

    iOS and Android Adoption Explodes Internationally

    Android is winning – if you’re writing apps for China. Elsewhere, though… | guardian.co.uk

    What’s a WeJIT? ~ I, Cringely – lightweight collaboration tools would it threaten Exchange or Outlook? What about security?

    Will Apple now sue Google? – Fortune Tech

    Convert any image to HTML5 canvas | Experiments on GNU/Linux

    ITC: Apple didn’t infringe two Google patents | MacNews

    JavaScript video technology only 17 years in the making ~ I, Cringely

    Sony axing Liverpool game studio, ends Psygnosis’ 28-year history – Engadget – sad

    Taiwan

    Foxconn International hit with $226M loss on slumping smartphone orders | VentureBeat

    Technology

    Public Lab DIY Spectrometry Kit by Jeffrey Yoo Warren — Kickstarter

    Apple as the Last Hope for Growth in Business PCs – NYTimes.com

    Kindle Fire HD hurts Microsoft more than Apple ~ I, Cringely

    Why High-Tech Companies Are Moving to the City – WSJ.com

    4K is the new 3D for Sony | Tech blog – interesting especially when you think about how 3D is apparently working in selling cinema seats

    I.B.M. Mainframe Evolves to Serve the Digital World – NYTimes.com

    Dell, HP and the folly of the consumer PC business | ZDNet

    Amazon Web Services Blog: Amazon Glacier: Archival Storage for One Penny Per GB Per Month – sounds ideal for online back ups if it had an easy to use client or the iDisk replacement I want

    LG says started production of new screen, as Apple plans product launch | Reuters

    Telecoms

    Mystery Google Device Appears in Small-Town Iowa | Wired.com

    Exclusive: Google, Amazon, and Microsoft Swarm China for Network Gear | Wired.com

    Engineers aren’t using social networking for work

    Inside Huawei, the Chinese tech giant that’s rattling nerves in DC | CNET News

    Web of no web

    How Google Builds Its Maps—and What It Means for the Future of Everything – Alexis C. Madrigal – The Atlantic

    Nokia, Samsung, Others Form In-Location Alliance for Indoor Location

    Wireless

    TelecomTV | Nokia may have an exclusive UK LTE deal but its share price is still under pressure – at least carriers are talking to them which makes a change….

    Communities Dominate Brands: Failure Version 2: Nokia Lumia Relaunch with Windows Phone 8 is Also a Total Dud (Updated)

    South Korea Reassesses Samsung After Battle With Apple – NYTimes.com

    Android Smartphone Sales, Led By Big Screens, Are Growing Everywhere Except In The U.S. | TechCrunch

    Alt Text: This Apple v. Samsung FAQK Makes Everything Clear | Underwire | Wired.com

    Daring Fireball Linked List: The ‘Samsung Was the Real Winner’ Theory

    Groklaw – Jury in Apple v. Samsung Goofed, Damages Reduced — Uh Oh. What’s Wrong With this Picture? ~pj Updated 3Xs

    Copying Works: How Samsung’s Decision to Mimic Apple Paid Off in Spades | PandoDaily

    Exclusive: Apple-Samsung juror speaks out | Apple – CNET News

    Jury Awards $1 Billion to Apple in Samsung Patent Case – NYTimes.com

    Samsung Calls BS On Apple’s Charges Of Copying @ TeamCoco.com

    South Korea Court Says Samsung, Apple Infringed Each Other’s Patents – WSJ.com

    Everything Everywhere bags 4G monopoly in UK – for now • The Register

    Everything Everywhere in spectrum talks – FT.com

    Juggle work and play in style with Samsung GALAXY S DUOS | SAMSUNG TOMORROW Global

    Apple, Samsung Report No Progress in Trimming Patent Case – Bloomberg