China's Blogosphere

This Week's Jimmy Lai Stories

EastSouthWestNorth - Tue, 2008-07-08 09:00
Next Media boss Jimmy Lai is interviewed by Newsweek (USA) and also gets a 12-page front cover story in EastWeek (Hong Kong).

This Week's Jimmy Lai Stories

EastSouthWestNorth - Tue, 2008-07-08 09:00
Next Media boss Jimmy Lai is interviewed by Newsweek (USA) and also gets a 12-page front cover story in EastWeek (Hong Kong).

The Hong Kong 7/1 March: Media Coverage

EastSouthWestNorth - Mon, 2008-07-07 09:00
This is the traditional ESWN post that records the various statistics related to the 7/1 march in Hong Kong.

The Weng'an Mass Incident

EastSouthWestNorth - Sun, 2008-07-06 09:00
A collection of information about the death of a 15-year-old female student and the ensuing mass riot at government buildings in Weng'an county, Guizhou province.

Google Online Local Shanghai Map?

This is another FAQ. However, I can only give you the common answers - there are no really good English map online yet, as far as I know, and let me share with you the services I use for Chinese map.

Baidu Map
Google Map
Live Map

That's it. The three most powerful map provider in Shanghai.

Posted by Jian Shuo Wang at July 6, 2008 1:02 AM
Copyright: You are free to redistribute this work, as long as you keep this disclaimer and this link: http://home.wangjianshuo.com/archives/20080706_google_online_local_shanghai_map.htm

A Closer Look at Employment and Sentiment

SeekingAlpha: China - 13 min 48 sec ago

Early last month, we suggested that it would be more instructive if the media began reporting U3 and U6 Unemployment together. (Unemployment Reporting: A Modest Proposal (U3 + U6) 

Northern Trust's Asha Bangalore appears to have been thinking along the same lines, for her NFP post-mortem includes the following:

CreditSights: Guardedly Optimistic About U.S. Loan Market

SeekingAlpha: China - 13 min 48 sec ago

 

CreditSights remains guardedly optimistic about the US loan market for the second half of the year and still believes that the market most likely bottomed out in February.

Short Week Was Plenty Painful

SeekingAlpha: China - 13 min 48 sec ago

Only four trading days this week - and that was quite enough.

The markets sank again this week, with the S&P 500 down 1.2%, the NASDAQ down 3% and the Dow down 0.5%. The biggest loser of all was the Russell 2000, down a whopping 4.6% in just four days of trading.

Google Should Deliver Its YouTube Data to Viacom in Paper Form

SeekingAlpha: China - 13 min 48 sec ago

The recent court order directing Google (GOOG) to hand over data to Viacom (VIA) about every YouTube video ever watched strikes many people as an absurd overreach of the law into the privacy of anyone who has ever used YouTube (i.e., almost everyone on the Internet). Google should definitely keep fighting the ruling if it can.

But if it can’t, perhaps it should comply with it in a creative way. The data in question are data logs containing the records of every video watched on YouTube, by whom, and at what times. The court is also ordering that Google hand over all videos that have ever been taken down for any reason. The logs alone take up 12 terabytes. Google should print them out and deliver them on paper.

Cross-Talk: The Role of Emotion in Trading

SeekingAlpha: China - 13 min 48 sec ago

SFO Magazine has another trading psychology issue available, and there are several articles worthy of a look. Here is the link to my article in that issue.

The theme of the issue, as titled on the magazine cover, is "Contain Your Emotions". Here is a sampling of quotes from articles included in the feature:

On Country Selection

SeekingAlpha: China - 13 min 48 sec ago

Happy July 4th!

A reader asked for my two cents on foreign country selection.

Path Dependency in the EU and U.S. Economies

SeekingAlpha: China - 13 min 48 sec ago

This quote from a Deutsche Bank report on the differing approaches to rate-setting in the EU and in the U.S. is fascinating and instructive:

Recent and prospective differences between the Fed and the ECB in the conduct of monetary policy have been striking. The ECB has launched a Martian frontal assault on inflation while the Fed has opted for a more cautious and patient Venusian approach.

Investing for Retirement - Cramer's Mad Money (7/3/08)

SeekingAlpha: China - 13 min 48 sec ago

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Thursday July 3.

Take Care of the Essentials

While many investors dream of making a killing on the stock market, they should first take care of three essentials, said Cramer. First, credit card debt should be paid off so they don’t waste their gains on expensive interest. Second, all investors need health insurance, since medical bills are the leading cause of bankruptcy. Third, disability insurance is essential, since any gains made on stocks will be wiped out by unexpected medical bills.

Independence Day Memories of a Stronger Dollar, Lower Costs

SeekingAlpha: China - 13 min 48 sec ago

By Brad Zigler

As you groom your barbeque for the upcoming holiday cookouts, think of the history that will be celebrated in speeches and fireworks displays on July 4, America's 232nd Independence Day.

The United States shook off an imperial yoke and now stands as a ...

What Was Left Out of the Jobs Report

SeekingAlpha: China - 13 min 48 sec ago

Before taking a look at the monthly jobs data, let's take a look at weekly claims. The US Department of Labor is reporting Initial Unemployment Insurance Claims continue to rise.

Seasonally Adjusted

Commodity Driven Role Reversal

SeekingAlpha: China - 13 min 48 sec ago

David Coffin co-wrote this article.

In the 1970s, Baby Boomers were swelling job ranks and women were moving out of the home and into the paid workforce in most of the industrialized world.  At the same time, OPEC pushed crude oil prices through the roof to overturn what it viewed as a predatory system of resource transfer set up by colonial powers.   

June Auto Sales: No Good News Here for Satellite Radio

SeekingAlpha: China - 13 min 48 sec ago

Auto sales are down. This has been the month after month news item for most auto manufacturers. With the exception of a few bright spots, the entire auto industry is in a slump. With high gas prices, many companies are offering clearance prices on what are now considered gas guzzling trucks and SUVs. Four cylinder cars are now the hot commodity, and even many of these simply are not selling at the needed pace.

For satellite radio sector watchers, the slumping sales in the OEM channel is an undertone that, coupled with the lack of a merger decision, makes many investors have pause in the sector. In an environment where good news seems to always be followed with a pause and then bad news, it is hard for the satellite radio equities to see any momentum.

Nvidia - Ouch!

SeekingAlpha: China - 13 min 48 sec ago

Nvidia (NVDA) is a name a few readers have nominated as we looked for some new names in the tech space - the stock was approaching a triple bottom in the $18s after starting the year in mid $30s (50% drop). However, Wednesday night after the bell we had some uninspiring news, and the stock is down an additional 28% to near $13. And just like that someone can lose 2/3rds of their money in 7 months. But remember, "tech is safe" because it has no exposure to oil. This is a treacherous market - the indexes as bad as they are, are masking some of the carnage in individual names. [Jun 28: How are the Dow Components Doing This Year?]

  • Two analysts on Thursday slashed their price targets for Nvidia Corp., saying they are concerned about the company's margins, after the graphics chip maker lowered its second-quarter revenue outlook.
  • The Santa Clara, Calif., company now sees sales for the quarter ending July 27 of $875 million to $950 million, below the $1.1 billion in sales that analysts polled by Thomson Financial expect, on average. That represents a 17% to 23% sequential drop in sales.
  • The company blamed the worse-than-expected results on weak global demand, and delays in ramping its new integrated graphics chip.
  • Nvidia also disclosed Wednesday that certain of its graphics processors designed for notebook PCs were failing at higher-than-normal rates due to what it described as "weak die/packaging materials." As a result, Nvidia will take a charge between $150 million and $200 million to cover anticipated customer warranty, repair and replacement costs.
  • Goldman Sachs analyst James Schneider... cut his fiscal second-quarter gross margin forecast to 40 percent from about 46 percent, citing near-term pricing pressure.
So again, "tech is safe" because it has no exposure to oil, yet it has exposure to producers and consumers which are slowing. But that's Wall Street logic for you.

Does Valuation Matter?

SeekingAlpha: China - 13 min 48 sec ago
I always wonder about this valuation thing - at times it simply seems all that matters is what people want to buy (relative strength) and valuation means nothing. Case in point, I'd like to show you two stocks.

#1 is a fund holding we've had for a long time - Illumina (ILMN). I never have it as a major position - it usually sits around 0.5% to 1.25% of the portfolio because I always think it's "too expensive". I rarely talk about it other than around earnings. I've been watching it act incredibly well during this correction - living in its own universe. It's not sexy and it never makes our "top gainers for the week" but the chart over the long run is fantastic. Valuation? Ridiculous. Forward P/E ratio of 75 on $1.20 of 2008 full year estimated earnings. That doesn't matter - all it does is go up. [Dec 20: Nice Writeup on Illumina]
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