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发表于 2014-3-6 22:52:36
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Part II: Speed
Article 2
Afghanistan’s Economy Hostage to Aftermath of U.S. Combat By Gopal Ratnam
[Time 2]
Afghanistan’s economy remains hostage to the country’s politics and security after more than a dozen years of American intervention.
Mahmood Hanifi sees it every day in his tile shop in Kandahar city. Sales, he said, have fallen by half in two years because customers are postponing home remodeling projects until after Afghanistan’s April 5 presidential election and the departure of most international troops by the end of next year.
“People are waiting because they don’t know what will happen after the elections,” Hanifi said through an interpreter, looking out from a glass-enclosed cubicle onto his showroom of marble and ceramic tiles decorated with designs and Islamic inscriptions. “They’re keeping the money. Even if some projects are completed 50 percent, they’ve stopped work.”
The World Bank predicts that Afghanistan’s economic growth will decline to 3.1 percent this year from 14 percent last year as consumers, entrepreneurs and investors can only guess what’s ahead for a nation long dependent on foreign troops and aid, with mineral resources that have never been tapped and agriculture still dominated by opium exports.
“The upside in Afghanistan is very unclear, but the downside is very clear,” said Ahmad Bassam, managing director of Kabul-based Afghan Holdings Ltd., an investment advisory firm. “If the Taliban take over, we’ll all leave,” he said of Afghan investors, many of whom already have second homes in Dubai and regularly move much of their money there.
The outflow of capital from Afghanistan since 2009, including the proceeds of illegal drug trafficking, has roughly equaled American financial assistance in the same period, according to two U.S. officials who asked not to be identified discussing a classified estimate.
[275 words]
Source: Bloomberg
http://www.bloomberg.com/news/2013-12-17/afghanistan-s-economy-hostage-to-aftermath-of-u-s-combat.html?alcmpid=markets
Article 3
Mt. Gox Seeks Bankruptcy after $480 Million Bitcoin Loss Carter Dougherty and Grace Huang
[Time 3]
Mt. Gox, once the world’s largest Bitcoin exchange, filed for bankruptcy in Japan saying about $480 million in Bitcoins belonging to its customers and the firm were missing.
“The company believes there is a high possibility that the Bitcoins were stolen,” Mt. Gox said in a statement.
The filing follows three weeks of speculation about the fate of the Tokyo-based exchange, which suspended withdrawals on Feb. 7. Since Bitcoins exist as bits of software, they can be stolen if a hacker gains access to the computers and servers used to run online exchanges, where the virtual currency can be traded for dollars, euros and other currencies.
The turmoil left investors and entrepreneurs asking how the insolvency could happen and how the fledgling Bitcoin industry might bounce back.
Akio Shinomiya, a lawyer for Mt. Gox, said the court will notify creditors identified by the exchange in its bankruptcy filing. Other creditors will have to make a claim themselves, and then the court would decide who gets repaid. The company also set up a call center to answer customers’ questions about the bankruptcy.
Since Bitcoins exist as software, any computer or server connected to the Internet that stores those files is vulnerable to unauthorized access. Similar to a hacker copying e-mail, a thief can steal the virtual currency by duplicating the digital security key that lets a user spend it.
A standard method of keeping Bitcoins safe is to move the digital money off a Web-connected computer, according to Andreas Antonopoulos, chief security officer for Blockchain.info, a company that hosts online wallets for Bitcoin storage. An exchange or any other company handling large quantities of Bitcoins could store the bulk of them on a computer or hard drive that isn’t connected to the Internet, an arrangement known as “cold storage.”
“Mt. Gox is the only exchange that wasn’t backed by venture funds or institutional investors,” Micky Malka, the founder of Palo Alto, California-based Ribbit Capital and a Bitcoin investor, said in an interview. “It will take time for the rest of the Bitcoin ecosystem to prove that this is a bad apple and not a problem of the entire ecosystem.”
Bitcoin was down more than 2 percent to $563.70 at 2:29 p.m. New York time, according to the CoinDesk Bitcoin Price Index.
[380 Words]
Source: Bloomberg
http://www.bloomberg.com/news/2014-02-28/mt-gox-exchange-files-for-bankruptcy.html?alcmpid=markets
Article 4
China's parliament -- Opening day
[Time 4]
CHINA has opened the annual full session of its parliament, the National People's Congress, in Beijing. If the past is any guide, the proceedings will be tightly controlled and will not feature any dramatic legislative votes during the ten-day session. But the March 5th opening day included announcements of several important planning targets and budgeting decisions, and a promise from the prime minister, Li Keqiang, to do more to solve the nation’s pressing air pollution problems.
In a lengthy speech at the opening session, Mr Li (pictured) said China would aim to maintain an economic growth rate of “around 7.5%” this year. Growth in the past two years was slightly higher than that, but far below the double-digit levels that China achieved so often in recent decades. This year’s target, Mr Li said, was set “on the basis of careful comparison and repeatedly weighing various factors as well as considering what is needed and what is possible.” He also said China would “keep inflation at around 3.5%”.
These unchanged targets were overshadowed by the increase in China’s planned military expenditure. The government’s proposed budget for 2014 would increase defence spending by 12.2% to 808 billion yuan ($132 billion), although the real increase will be smaller once inflation is taken into account. The state-run Xinhua news agency promptly sought to assure Japan and other countries that any concerns about this increase are “unfounded and misplaced” and that China has a “peace-oriented defence posture”.
Some of Mr Li’s strongest language came in the section of his speech about improving the dreadful air quality that so often afflicts Beijing and other Chinese cities. The smog, Mr Li said, is “nature’s red-light warning” that China’s blind rush toward development is unsustainable, and that is time to “declare war” against pollution. His challenge, of course, will be to ensure that his economic growth target is not the first casualty.
[314 words]
Source: Economist
http://www.economist.com/blogs/analects/2014/03/chinas-parliament
Article 5
4 ways to become a worker companies will fight over By Rick Newman
[Time5]
At some rarefied level of the workforce, there’s apparently a “war for talent” in which companies beg workers to sign on, throw money at them and ply them with perks to lure them from competitors.
You might assume this type of offer applies only to a few Mark Zuckerberg types in Silicon Valley. But companies increasingly struggle to fill certain jobs, and a recent survey by Payscale, a compensation-research firm, found 57% of firms say retaining workers will be a top concern in 2014 — up from just 20% saying that in 2010.
“The war for talent is heating up,” says Cathy Shepard, a principal in the talent practice at Mercer. “I see it in specific functions or job categories, where there’s just enough labor and you have to pick off folks from your competitors.”
There are a few familiar storylines about the shortage of skilled workers in certain fields and the mismatch caused by an economy rapidly shifting from traditional fields to digital everything. STEM workers — those with science, technology, engineering and math expertise — are clearly in high demand, for instance. Healthcare is supposedly recession-proof. Data is the next big growth industry. Programmers rule the world.
There’s some truth to all that, but these oversimplified storylines exclude important caveats and nuances that help explain why some workers ought to be thriving but aren’t, while others are getting ahead with relative ease. Digging deeper into job trends reveals a few myths that lead some workers astray, while highlighting some of the real advantages desired workers have — and others can develop. Here are four overlooked factors that can help turn mediocre workers into indispensable ones:
Location, location, location. Most job advice focuses on skills you need rather than where you put them to use. But where you live has a huge impact on your job prospects. Payscale crunched some numbers at our request, and found, for example, that the need for workers in a given industry varies widely from place to place. In New York state, for instance, 46% of healthcare firms report having a job open for more than six months, a sign of scarce labor and good job prospects. But in California, only 18% of healthcare firms report the same thing. There are similar state-by-state variations in other fields such as manufacturing, finance, insurance and professional services.
For job seekers or people hoping to make a career change, it’s important to keep in mind the job opportunities near you in a given field could be considerably better or worse than they are someplace else. And what you hear about national trends may not apply where you live. Like real estate and politics, job opportunities are local, so do your research accordingly.
[452 words]
[Time 6]
Size matters. In most fields, a larger proportion of big companies than small ones seems to have job openings. And big companies are more worried about losing workers than small firms, which suggests there’s more turnover and more job opportunities at the top of the corporate food chain. But not everybody lives near big-company operations, putting far-flung workers at a disadvantage. For somebody willing to relocate, it might be worth scouting out cities with a variety of big employers.
Changing fields may generate better opportunities. With the economy growing again, more companies are thinking strategically and hiring beyond their narrow area of expertise. Healthcare firms need technology experts, for instance, to manage a mushrooming flow of digitized health records. Tech firms may need sociologists or anthropologists to help understand their consumers better. While many jobs are based on a discrete set of skills, Shepard says, others require behavioral skills, such as negotiating savvy or management finesse, that are hard to demonstrate on a resume. Combining such soft skills with harder technical capabilities is one way to get employers’ attention. If you can develop a reputation for effectiveness at something in particular, even better.
Get out your spreadsheet. Put all these factors together, and finding the right job suddenly involves a matrix of decisions involving skills and other qualifications along with where you work, what size firm you work for, and what industry you work in. That might complicate the whole process of finding a new job or transitioning into a new career, but it might also help you target the right kinds of employers offering real jobs. The war for talent will never be a nationwide campaign. It will be a series of tactical skirmishes, with shrewd workers seeking the battlefield instead of waiting for it to find them.
[299 Words]
Source: Yahoo Finance
http://finance.yahoo.com/blogs/the-exchange/how-to-become-an-indispensable-worker-184410303.html |
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