Published: Feb 15, 2012
SYDNEY — James Madison famously remarked that a popular government without popular information, or the means of acquiring it, is but a prologue to a farce or a tragedy. The present government of the People’s Republic of China has set out to disprove this rule. Rejecting talk of farce and tragedy, its rulers claim their authority is
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Published: Feb 15, 2012
SYDNEY -- James Madison famously remarked that a popular government without popular information, or the means of acquiring it, is but a prologue to a farce or a tragedy. The present government of the People's Republic of China has set out to disprove this rule. Rejecting talk of farce and tragedy, its rulers claim their authority is rooted within a
Read original article Topics: Baidu
Published: Jan 24, 2012
SHANGHAI - Jack Ma, the chairman of the Chinese Internet giant Alibaba, surprised investors last May when he acknowledged that he had transferred the assets of the company's online payment platform to a private company that he controlled. Executives at Yahoo, which owns around 40 percent of the privately held Alibaba Group, complained that they had
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Published: Jan 15, 2012
SHANGHAI -- The online division of the People's Daily, the official mouthpiece of the Communist Party, won approval on Friday to go ahead with an initial public offering of stock. The decision by China's top securities regulator paves the way for the People's Daily online to raise up to $85 million by selling stock on the Shanghai Stock Exchange,
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Published: Dec 17, 2011
BEIJING -- Officials announced new rules on Friday aimed at controlling the way Chinese Internet users post messages on social networking sites that have posed challenges to the Chinese Communist Party's propaganda machinery. For many users, the most striking of the new rules requires people using the sites, called microblogs, or weibo in Chinese,
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Published: Nov 10, 2011
American money market funds have played a supporting role in the euro zone crisis: they are short-term lenders to European banks. Before that, they lent to the likes of Lehman Brothers. The regulators of the funds, a $2.5 trillion market, want to end the fiction that they are just repackaged savings accounts. The Securities and Exchange Commission
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Published: Nov 04, 2011
Stanford University will open an institution aimed at alleviating poverty in developing nations, using $150 million donated by a Silicon Valley investor and his wife. ''More than a billion people live on less than $1.25 a day,'' said Robert E. King, who, together with his wife, Dorothy, made the gift. ''That's just not right.'' The new Stanford
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Published: Nov 03, 2011
The robust earnings growth among Chinese companies does not tell the full story. Despite strong growth in net income, operating cash flow deteriorated sharply in the first half of the year. Many companies lent more to customers to drum up sales as demand weakened. Any resulting bad debt could hit companies and their lending banks. Similar debt
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Published: Sep 30, 2011
Stocks were mostly higher in a volatile session on Thursday as stronger-than-expected economic data and German approval of a strengthened euro zone crisis fund relieved two of the worst fears hanging over the market. But the Nasdaq composite index slipped as the stocks of Chinese companies listed in the United States fell on the news of an
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Published: Sep 04, 2011
THE digital music landscape is littered with the corpses of start-ups that tried and failed to offer free music downloads. One of them was Qtrax, which imploded amid controversy and lawsuits a few years ago. Now Qtrax is back from the dead and -- according to its founders -- back on track. But what makes them think they can succeed this time?
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