Summit Notebook

from Global Investing:

BRIC: Brilliant/Ridiculous Investment Concept

December 7, 2011

BRIC is Brazil, Russia, India, China -- the acronym coined by Goldman Sachs banker Jim O'Neill 10 years back to describe the world's biggest, fastest-growing and most important emerging markets.  But according to Albert Edwards, Societe Generale's uber-bearish strategist, it also stands for Bloody Ridiculous Investment Concept. Some investors, licking their wounds due to BRIC markets' underperformance in 2011 and 2010, might be inclined to agree -- stocks in all four countries have performed worse this year than the broader emerging markets equity index, to say nothing of developed world equities.

from Chrystia Freeland:

The revolutionary significance of job growth

By Chrystia Freeland
March 1, 2011

It was striking to hear how encouraged both Klaus Kleinfeld and Dominic Barton sounded when Chrystia asked them about the effects of the recent turmoil in the Middle East on the business environment there. Barton believed the regime changes in Tunisia and Egypt were "the dawn of a new good thing that's occurring" and noted that it is likely that new capital will come into these countries as a new leadership emerges. Kleinfeld, whose company is in the process of building the world's largest integrated aluminum system in Saudi Arabia, said that Alcoa is still very comfortable in the region and that the only surprises with their Saudi partners have been positive surprises. For Kleinfeld, the most assured way to bring about stability in a region plagued by unrest is to have businesses come in and create jobs:

from MediaFile:

GlobalMedia-China’s shouts of “You suck!” music to executives’ ears

November 30, 2010

Big splashy action movies from the U.S. usually play well abroad. It should come then as no surprise that World Wrestling Entertainment, known for hulky dudes and toned ladies who act out soap opera scenarios both in and out of the ring,  manages to find fans well beyond these borders.

Barbie does Beijing: The adventures of a Malibu girl in China

June 21, 2010

BarbieModern day national influence, some smart people like to argue, spreads through the “soft power” of brand appeal and attraction rather than the “hard power” of coercion. In China, one avatar of U.S.  soft power tends to be trim and busty, and come with blue eyes and a long mane of blonde hair. Her name is Barbie, she is made of plastic, she was born in Malibu and Chinese girls want to be like her.

Recession’s perfect storm speeds up change in ad industry

December 2, 2009

Why is it that the United States’ advertising as a proportion of marketing services is at its lowest point since 1977, maybe even lower than since the Second World War?

Peugeot is far too small in China

November 2, 2009

There is only one market really booming in the world and that is China, pity Peugeot only has a very small market share there.

U.S. Commerce Secretary doesn’t like ring of Shanghai Silicon Valley

October 21, 2009

U.S. Commerce Secretary Gary Locke says one thing he doesn’t want to see is a Shanghai Silicon Valley develop from China’s investment in clean energy.

60-hour work weeks, all in the name of climate change

September 10, 2009

Some politicians may be accused of dragging their heels when it comes to dealing with climate change, but you can’t say members of the United Nations’ Clean Development Mechanism’s executive board aren’t clocking in the hours.

The visible hand

September 2, 2009

Beijing’s affordable housing projects — which account for 10 percent of the government’s huge $585 billion stimulus package, a key to propping up the crucial property market — is making fans
of low income wage earners, but has some developers seething.

A “cash cow”

September 2, 2009

By Don Durfee

Safe havens have been few and far between during the global economic crisis, but one has been fairly reliable: infrastructure. So it’s not surprising that many companies are betting on the biggest infrastructure opportunity of them all, China’s $585 billion spending package.