Intwopreviousposts,IwrotethatbusinessesinChinaarefacingshortagesonbothends.TherearenotenoughworkersANDtherearenotenoughmanagers.Accordingtooneconsultant,onlyabout10%ofChinesecandidatesarequalifiedtoworkinsuchareasasfinance,engineeringandaccounting.Chinaalsohasfewerthan5000managersqualifiedtoworkformultinationalsandmorethan75,000suchjobsareexpectedtobecreatedinthenext5yearsalone!Beijingrealizesit,t...[
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IusuallypickupthebusinesssectionofanypaperIcanfindwhenIgotothegym.Ican'tjustbikeorrunorread.Ihavetomixthem.Well,Ican'tbikeandrunatthesametime.Intoday'sSanJoseMercuryNewstherewasanarticle"Stanfordstillthegoldengooseofvalleytech.Yesterdaytherewasaforumof5Billionairesornearbillionaireveteransofthecomputersciencedepartment.OnewastheformerpresidentofSunMicrosystems,AndyBechtolsheim.AnotherwasJimCl...[
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IwroteinapreviouspostGoldenGoosethatStanfordisfeelingthepinch.WellnowitseemsSiliconValleyisfeelingthepinchaswell.Ireadtodaythatdespitetheeconomyreachingpre-Internetboomlevels,theValleyisfacingaseriousbraindrain.Thereareanumberofreasonsforthis-1.Highcostofliving-itcostsmorethan$500asquarefoottobuyamatchboxsizecondoinmyarea.2.Salaryincreasesarenotkeepingup.3.SeveretrafficYoucansaythatagain!4.Severet...[
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AfriendinvitedmetoattendalecturetonightatStanford.Iwasn'tquitesurewhatIwasgettingintobutlookedforwardtothetimewithmyfriend.Asitturnsoutitwasalecturebyaprofessionaldebatorwhowasalsoatheist.HistopicwasfiveargumentsforwhythereisaGodandthreereasonsonwhyitmatters.ThetopicwasinterestingandImustadmitthatIonepointIwantedtoholdupasignwiththeword"Huh!?"onit.Thequestionwasinregardtoquantumphysicsan...[
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Ihavechangedmymind...untilIchangeitagain.AsenioranalystforOppenheimer&Co.hascalledAmericansabunchofcrybabies,ofwhichIwasone.But,I'mnotgoingtocryanymore.Istillhatebigoilcompanies.But,Isayletthepriceofoilcontinuetorise.Letthemarketdeterminethecost.Ifitgetstoohightobuyit,thendon'tbuyit.
continuereading...[
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Dr.BojiangYangrecentlyspokeonapanelatUCSanFranciscoaboutrelationsinNorthEastAsia.Ofthefivespeakers,Dr.Yangwasthemostdifficulttofollow.Ithadmuchtodowithnotbeingabletohearhim.ThisismypolitewayofsayingthathemumbledalotandhisabilitytoexpresshimselfinEnglishwaschallengedbyanon-cooperatingmicrophoneamongotherthings.
Still-thereisonepointthatstruckme.Dr.Yanghasbeentaskedwithcomingupapossiblefollowthr...[
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Therearefourcountriesthataredrivingtheglobalgrowthofstockmarkets.ThreeofthemareinAsia-China,RussiaandIndia.ThefourthisBrazil(it'snotinAsia.But,thenyouknewthat,right?)AccordingtotheIMGthesefourcountriesaccountfor30%ofgrowth.That'salotoutoffourcountries.EvenWarrenBuffettisbeginningtoinvestOUTSIDEoftheUS.Laterthisyear,Industrial&CommericalBankofChinawillgopublicandisexpectedtofetchawholelotofcapi...[
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TheGeneralPublicwasaskedtorankcountriesintermsofbesttoworstalliesoftheUS.OnlythreecountrieswereconsideredalliesoftheUSbymorethanhalfoftheGeneralpublic.ThetopAllyshouldbenosurprise-theUKat79%.Nextwas/isJapanat64%.3rdonthelistwasIsraelat58%....andthencomes
continuereading....[
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OpinionLeaderswereaskedtorankcountriesintermsofbesttoworstalliesoftheUS.ContrarytothegeneralpublicwhereonlythreecountrieswereconsideredalliesoftheUSbymorethanhalf,sevencountrieswereconsideredalliesbymorethanhalfoftheopinionleaders.Thetopallywasalsonosurprise-theUKat95%.Nextwas/isJapanat89%.3rdonthelistwasIsraelat58%....andthencomes
continuereading...[
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InapreviousblogIwrotethatChinahasMillionairesouttheGazoo-about300,000altogether.Russiaalsohasafewmillionairestobragabout...some88,000total.IfRussiahadthesamepopulationasChinaitwouldclaimalmost3timesasmanymillionairesasChina.IreadtodayhowmanymillionairestheUShas.Ready?8.9millionhouseholdswithanetworthofatleastamillionNOTincludingthevalueoftheirprimaryresidency.IftheUShadthepopulationofChina,itcould...[
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