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.

  • 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

  • Pearl river delta + more news

    Pearl river delta

    China slowdown: feeling the pain in the Pearl River Delta | beyondbrics – it is really interesting that China’s slowdown isn’t only being felt in the traditional rust belt in the North East, but also in the Pearl river delta. Hong Kong sits at the end of the Pearl river delta as does Shenzhen. The Pearl river delta is about 7,500 square km. It goes from Guangzhou in the north to the Macau Special Administrative Region in the south. The Pearl river delta is a maze of streams and canals between small rice paddies that, because of the 12-month growing season, commonly support three rice crops annually. It is one of the most crowded areas of China, where modern industry and agriculture have been rapidly developed since the 1980s.

    Business

    August trend report examines emergence of Chinese brands on global stage | JWT Intelligence – westerners like China: people and heritage. However they are down on Chinese products and brands. If you did that poll at the end of the 19th century, the respondents would have said the same thing about Germany

    China: mapping the territory – PMLiVE

    Standard Chartered eyes joint deal after backing down in U.S.| Reuters

    China

    China disappointed with medals haul – FT.com – a sign of western imperalist hegemony trying to usurp China’s journey to the world ? The swift doping accusations against teenage gold medalist Ye Shiwen is fuel to this world view in China (paywall)

    “China’s Afghan Game Plan” by Shlomo Ben-Ami | Project Syndicate – opportunity for natural resources including copper, oil and gas

    Nobody special | SCMP.com – reality stars in China; great overview (pay wall)

    Is China Giving Carte Blanche for Anti-Competitive Conduct by PRC Companies Doing Business Overseas? : China Law Update

    Culture

    Meet the Swedes Who Love Classic Cars and Elvis | VICE – great article on Sweden’s raggare sub-culture. Noticed this in Norway as well

    How rave music conquered America | The Guardian – ironic given that rave came out of house music a small sub-culture from Chicago and one of the biggest players in the early rave seen was New York DJs Tommy Musto and Frankie Bones

    Economics

    Tricky customers – FT.comPier Luigi Sigismondi, Unilever’s chief supply chain officer. “While middle cases in the emerging world are aspiring to so-called western standards of living … western Europe is starting to see an economy that’s taking us to the developing market dynamics, which is quite concerning.”

    Fund file: why China’s cash pile is not enough | beyondbrics

    Immigration: Going the distance | The Economist

    German Companies Disappoint with Quarterly Earnings Reports – SPIEGEL ONLINE – not terribly surprising given that so many of its trading partners are hurting

    Finance

    Visa branded ‘cynical’ as it bans rival cards from the Olympics | Mail Online

    Switzerland: Julius Bär To Buy Merrill Lynch’s International Arm Eurasia Review

    FMCG

    Cruelty free policies ditched | SCMP.com – compliance with local regulations are undermining the previous gains my the animal welfare lobby (paywall)

    How to maximise reach in Hong Kong’s fragmented digital market: P&G study – Campaign Asia-Pacific

    McDonald’s Is Going For American Fast Food’s Last Unconquered Frontier

    Germany

    Germany Reopens Facebook Privacy Inquiry – NYTimes.com

    How to

    Multilingual professional lorem ipsum generator for typographers – includes kanji and Chinese characters

    Ideas

    A Bookfuturist Manifesto – Tim Carmody – The Atlantic

    Innovation

    Mazda cars losing weight? Try 220 pounds. – CSMonitor.com – interesting times for new materials

    Ireland

    Ireland’s prosecution of Anglo-Irish CEO Sean FitzPatrick sets example for US – The Boston Globe

    Japan

    Sharp Corp running out of options ‹ Japan Today – it is the harbinger of things to come with the formerly mighty Japanese consumer electronics brands? I hope not, but suspect it is likely to be the case

    Decline of entrepreneurship blamed for Japan woes

    Luxury

    Altagamma – interesting luxury industry study done in June 2012

    China’s Young Rich: Not Top Students – WSJ

    What’s up with those Qataris? | Material World – investing in luxury brands

    What NASA has to do with New York Fashion Week | Material World – inspiration

    Marketing

    Don’t Ignore Boomers – The Most Valuable Generation | Nielsen Wire – because they have the assets

    Media

    Monocolumn – Olympic ticket guilt [Monocle] – or how the Olympics screwed over London

    BBC’s Mark Thompson moves to New York Times. Crikey – Telegraph Blogs – the most interesting thing for me about this is what it says about the changing media landscape.

    Generation Y Leads in Book Buying, Says Industry’s Most Comprehensive Report – PRNewswire

    The Dandy faces possible closure after 75-years – I guess for crudely drawn artwork like Desperate Dan digital doesn’t matter so much

    Interview: How China’s giant Tencent makes users pay — paidContent

    Are China and Hong Kong TV Shows Stealing Their Ideas From the U.S.? – China Real Time Report – WSJ – when is an idea original though, particularly in TV or film?

    MPAA / RIAA Want U.S. to Help Quash The Pirate Bay | TorrentFreak

    Washington Post’s TruthTeller project hopes to birth real-time fact-checking | Poynter.

    New Era for Video-on-Demand Websites in China : China Law Update – interesting moves to mature the media sector

    Twitter and the law: 10 legal risks in tweeting from or to the UK

    News Corp writes $2.8 billion off its publishing activities — paidContent

    The Media Business: NBC’s Olympic Coverage Shows Audience Expectations Aren’t in Its Cross Media Strategy – as a corporate entity don’t be a dick

    Facebook advertisers are told vet user comments | The Wall Blog – Australia first, but I could see it rolling out internationally as best practice

    San Francisco sports website Bleacher Report sells for reported $175 million – SiliconValley.com – interesting comparison to rivals.com

    MPAA leak: O’Dwyer, TVShack.net case “isn’t about Internet freedom.” | Ars Technica

    How Cosmo Conquered the World – NYTimes.com – interesting that the print version is such a status symbol

    Online

    Matt Cutts: Google Updates Will Be Jarring For A While | WebProNews

    Facebook, Cringely, and the devolution of the web ~ I, Cringely – keep an eye on what Bob does

    Retailing

    Here’s The Real Reason Groupon’s Stock Just Crashed – Business Insider

    All night book store in Hong Kong | SCMP.com – makes me realise how much I miss the former Borders branch on Oxford Street (paywall)

    Lane Crawford breaks out | Material World

    Caltech STUDY: What you see is what you buy | EyeQuant Blog – how a simple design trick affects consumer choices

    Behavioral Differences Between Men and Women Influence Shopping | Practical eCommerce

    Security

    Bath Salts in the Wound | VICE – shocking portrayal of synthetic drug abuse in working-class American communities

    The iPhone Has Passed a Key Security Threshold – Technology Review

    Stratfor emails reveal secret, widespread TrapWire surveillance system — RT

    Black Hat hacker lays waste to Android and Meego using NFC exploits | ExtremeTech – I guess NFC payments may not be a great idea

    Attack against Microsoft scheme puts hundreds of crypto apps at risk | Ars Technica

    Mac malware spies on infected users through video and audio capture | Naked Security

    Software

    Mobile app startups are failing like it’s 1999 | @andrewchen

    The ‘experts’ who never see BBM will never understand RIM • The Register – interesting contrarian take on RIM by Andrew Orlowski. Much of it is correct, I think that the issue however is one of investor, banker and carrier confidence. I hope Orlowski is right

    Nokia to Sell App Unit Amid Increasing Microsoft Reliance – Businessweek

    Microsoft’s Massive Metro Mistake | PCMag.com – interesting analysis

    Technology

    VCs’ Strange, Instinctual Need to Replace Founders – Harvard Business Review

    Infosys Sued For Visa Fraud: Another Big Blow to Outsourcing Market | ServicesANGLE – the thin end of the wedge, I suspect that the reality of outsourcing means that visa fraud is a challenge rather like traffic violations are to a courier company

    Why Apple Won’t Sue Microsoft Over Surface

    How Big Data Became So Big – NYTimes.com

    Smelling blood, IBM may aim to buy RIM’s enterprise services unit | VentureBeat

    comScore TabLens: Today’s US Tablet Owner Revealed

    A belt and suspenders for your cloud storage ~ I, Cringely

    Ericsson buys parallel processing firm – Rethink Wireless

    Apple and Microsoft to team up for Kodak’s patents? | Politics and Law – CNET News

    Telecoms

    Huawei: The company that spooked the world | The Economist

    Big Fat Pipes: Google’s Underappreciated Tech Edge – Atlantic

    Hong Kong’s Hutchison says profit drops 78% – RTÉ News

    Web of no web

    CSR Debuts First SiRFstarV™ Chip Optimised for Mobile Devices – Selected by LG Electronics for New Flagship Smartphone  – GPS, GLONASS, Galileo and Compass system capabilities

    Wireless

    Samsung’s Wang was up 22 hours a day, had no time to copy Apple • The Register – is it just me or has Samsung’s lawyers just made Samsung management sound hateful for making a young mother only get two hours sleep a night?

    Communities Dominate Brands: Smartphone Market Shares Q2 Full Numbers – Samsung and Android solidifying their leads

    Apple scores courtroom wins in Motorola FRAND case | CNET News

    Vodafone and O2 face UK regulatory hurdles – Rethink Wireless

    Motorola to Cut 20% of Work Force, Part of Sweeping Change – NYTimes.com

    Q2 2012 U.S. smartphone market share: Apple dominates, Samsung trails

    Korea gets world’s first VoLTE services – Rethink Wireless – finally voice on 4G services rather than working across 3G for voice

    iPhone Caused “Crisis of Design” at Samsung (Memo) – AllThingsD

    Saving Private Research in Motion, RIM, Blackberry | Monday Note – no obvious path back

    Here’s why tablets (yes, tablets!) will replace the smartphone | GigaOM

    3.5 Inches by Dustin Curtis

    Among Mobile Phone Users, Hispanics, Asians are Most-Likely Smartphone Owners in the U.S. | Nielsen Wire

    Generation App: 62% of Mobile Users 25-34 own Smartphones | Nielsen Wire

    EE Times Confidential | Multi-screen wars: MediaTek/Mstar vs. Qualcomm, Marvell, Nvidia – going head to head for the converged entertainment space

    Apple Claims Google Warned Samsung Against Copying iPhone, iPad – AllThingsD

    Communities Dominate Brands: Apple iPhone Q2 Sales fall to 26M, market share falls to 16%, but this is normal sales pattern

    RIM No Longer Dominates BYOD Trend, Apple Makes Serious Gains | SiliconANGLE

    Apple’s Reality-Check Quarter In Charts – SplatF