Reading Time: 2 minutes My wife joked with me that I ONLY got talktive and excited when talking about the stocks. I know that is largely true, and that was the case with yesterday evening’s gathering with my old friends. The good thing is unlike my wife, my friends are also interested in stocks. For me, it is always
Reading Time: < 1 minute I got this GE 5.8 GHz cordless phone and Logitech QuickCam, at Office Depot (near Clayton and Big Bend). The phone costs $4.99 after mail-in rebate, and two QuickCams cost $9.99 after MIR, plus tax. It appears to me OfficeDepot has some deals that BestBuy or Circuit City don’t offer. Another nice thing is OD
Reading Time: < 1 minute Will be minimal, according to People’s bank of China chief Mr. Zhou Xiao Chuan. Here is what he said during a visit to South Africa: 人民银行行长周小川21日在南非约翰内斯堡说，受美国次级住房抵押贷款市场危机影响，世界经济增长速度明年可能适当放缓，但这对中国经济影响不大。周小川说，受次贷危机冲击，美国消费者的消费热情受到一定打击，欧洲部分消费者也可能受到影响。受此影响，中国对美国的出口可能适当放缓，双方的贸易不平衡问题可以得到适当缓解，这种情况对中国经济的影响不会太大。 他说，今后两个月的形势发展十分关键，因为圣诞节前是美国人的消费高峰期，也是美国进口的高峰期。他强调，如果美国的进口严重下滑，受到影响的不仅是中国经济，整个世界经济都会受到冲击，但具体情况现在还难以判断。 周小川说，为了应对美国消费适度下降，中国出口企业可以在产品出路上尽量寻求多元化，多考虑世界其他市场，一些产品可以考虑内销。中国政府也可以多鼓励扩大内需，这就能较好解决对美国出口减缓给国内经济带来冲击的问题。 It appears to me Mr. Zhou is not very confident about his argument. He was saying China will increase domestic consuming, expand exports to other countries, when
Reading Time: < 1 minute I mean the service, not the stock NFLX (I no longer kept up to date with its stock). I heard about Netflix couple years ago, but I just started to use its service recently. Some of the features I like about: 1) The queue: the customer could put up a movie queue. Once a movie
Reading Time: < 1 minute for foreign companies listed in the US. But it IS still mandatory for US companies. Here are the news from MSNBC. Here is the Chinese version (from Caijing). GAAP is the US General Accepted Accounting Principle, vs. the international standard (US always like to have its own standard, isn’t it). I think this could reduce
Reading Time: < 1 minute in Singapore, two of the most heated topics in China these days. Here is the Chinese excerpt from DFdaily. Housing: 他在新加坡国立大学发表演讲后回答提问时说，应该说，中国改革开放30年来居民住房的条件有很大的改善，现在城乡居民住房面积人均超过20平方米，但是分布不均，特别是近些年来房价上涨较快，人民有很大的意见。 解决房地产问题，温家宝谈了四点考虑。他说，首先，政府的职责最重要的是要搞好廉租房，让那些买不起房或者进城打工的农民工能够租得起房、住得上房。为此，中国政府今年将安排49亿元用于廉租房建设，再加上地方财政，投入将达到几百亿。他说，明年我们将加大廉租房建设的力度。 其次，是建设经济适用房。他说，经济适用房大多数是面向中产阶级的，他们中有许多工资也不是很高。在中国，经济适用房户均面积90平方米是比较适当的，因为中国人多地少，“对廉租房和经济适用房，政府应提供和保障土地的需要，当然(这些)土地也要节约和集约使用”。他说，对于高档住房，主要靠市场调节，“但是也必须有国家的宏观调控，防止利用房地产进行炒作造成市场混乱”。 温家宝指出，要让全国人民懂得中国的国情，中国是有13亿人口的国家，要守住18亿亩耕地的“红线”才能养活中国人。中国每年新生人口要超过1000万，每年由农村进入城市需要解决住房的进城人员达到1800万，还有2100万流动农民工，也需要居住条件。所有这些问题，政府都要统筹兼顾。 温家宝说，这次来新加坡会有机会再看看新加坡的组屋。他说：“几年前，我曾经专门考察过，受到不少启发。” Stocks: 新华网新加坡11月19日电(记者张永兴李涛)中国国务院总理温家宝19日在这里从三方面谈了政府在股票市场应该做的事情。
Reading Time: 2 minutes (Update 2) Just listened to its CC, CEO Mr. Lian said fiscal 2009 (Apr 1 2008 to March 31 2009) revenue forecast is 80 m. Note they said fiscal 2008 revenue would be 58 m. I felt they are being conservative on the numbers here. The CEO was very bullish on the IT spending of
Reading Time: < 1 minute We went to the Chipotle yesterday. This is my second visit (see my first visit exp here), and my wife’s first. It did not turn out to be a disaster, but it is obvious that my wife did not like Mexican food 🙁 On the other hand, the stock of Chipotle (NYSE: CMG) continued to
Reading Time: 2 minutes (Update Nov 20) Grus had a good post on trader818 explaining the online games and its competitive nature. So I can shut up. (Original) I have traded the three old horsemen among Chinese online game companies 2 years ago(unfortunately, lost money on all three): Shanda (SNDA), NetEase (NTES) and the9 (NCTY). I paid attention to
Reading Time: < 1 minute There are conflicting news about this hot topic. The initial news, according to Hexun, the Chinese tax bureau is going to collect tax on the gains made from stocks and real estate for people earn more than 120,000 Yuan per year. Note in China 120,000 Yuan is the threshold for people to file personal income
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