We suggest checking out the following links:
Shanghaiist: Shanghai history textbook controversy, revisited – Nice bit of digging by Peijin Chen on a textbook editor who was sacked for de-emphasizing Marxism, and whose work was highlighted earlier by the NYT
Shanghaiist: SCMP.com chief quits because bosses won’t let him make site free – “Axberg said although he had advocated the SCMP’s online site becoming free for users with advertisers driving revenue, management had opted to retain a subscription-based model.”
FinanceAsia: Mary Ma joins Texas Pacific Group – “The former Lenovo CFO is made partner and managing director at TPG with a focus on China. … Ma resigned earlier this year and did not cite a reason. “Mary’s decision to leave Lenovo preceded any discussions with TPG”.
Times of London: World’s banks hit for $30billion in credit crunch – “City analysts predict the banks will have to write down as much as 10% of the $300 billion of leveraged loans currently agreed but not yet syndicated when they report third-quarter results to the market.”
Times Online: Eggheads made to eat their words by Warren Buffett – Goldman’s Global Alpha hedge fund manager said Buffett tells “great stories” but was no match for his complex modelling and computer wizardry. Now, Global Alpha is down more than 20% after posting gains for the past few years.
The Observer: The soldiers are upon us – and resistance is futile – “the Terracotta Army is the greatest work of mass-production art in history, made by more than 1,000 men including prisoners of war and convicts”
Will Hutton: When net income won’t cover gross habits – “The bank’s second problem is that it has been a principal player in what is, in effect, a British sub-prime mortgage market.”
WSJ: The Emerging-Markets Achilles’ Heel – “Yet while most emerging markets are on far sounder footing than in the past, not all are in financial shape.”
WSJ.com: Greenspan Book Criticizes Bush And Republicans – “Mr. Greenspan returns repeatedly to the far-reaching importance of communism’s collapse. He says it discredited central planning throughout the world and inspired China and later India to throw off socialist policies.”