Chinese Men Looking Worldwide for Brides

Rather than dwelling on the fact that sex-selective abortions continue despite a government ban, Chinese media interpreted the sex ratio as a threat to men, not women. On Jan. 21, web giant Sina’s arm in Henan, China’s most populous province wondered aloud on social media platform Weibo whether the news was “heart-stopping” and exhorted bachelors to “start making an effort!”

Meanwhile, a Beijing statistician sharing the latest figures to his Weibo account wrote, “Tomorrow I am going to get my son to hurry up and find a girlfriend at his elementary school.” Beijing News even suggested that Ukrainian women could be a solution to China’s problem. The story kicked off with a question: “Just how hard is it for a diaosi,” slang for young bachelors of modest means, “to find a wife?”

After explaining the severe imbalance that the ratio represents, it added that Chinese brides are a popular “export” to many countries such as Japan, South Korea, and the United States, a trend it said had depleted China’s supply of eligible women still further. It offered a chart of the best destinations around the globe for Chinese men to find spouses. Japan and South Korea were particularly promising, the paper said, claiming that 26 percent of South Korean women who took foreign spouses in 2012 chose Chinese men. The trend is bound to grow, the argument went, since popular Korean television actress Park Chae-rim married her Chinese actor beau, Gao Ziqi, in September 2014.

Chinese Brides

Solar in Africa

Almost 4 billion people around the world are off the grid or underelectrified.  They have on the average connection to one light bulb for three hours a day.  In teh absence of electicity, kerosene is used. Cokin with kerosene is very expensive.

Three revolutionary trends may change the distribution potential of light.  Solar power is getting cheaper.  LED lamps are more efficient and storage techniques are improving.

SAles of devices approved by the IFC/World Bank’s Lighting Africa program are doubling annually.  Lights are just the beginning.  Radios and even bigger systems like schools can run on solar power.

Three main problems have yet to be resolved.  Poor consumers have to be sure their investment makes sense.  Makers of mass market products have been slow to re-jig their products for solar.  Working capital is scarce.   But solar is a sensible way to provide elecricity in underserved Afirca.

Here is a Luci lamp available from https://www.mpowerd.com/

LuciContribute one to your chairty of choice.

Money Matters 101

We are introducing our weekly newsletter which will focus on a topic of particular interest, explain the topic clearly and briefly and provide urls for articles we’ve recently run on the subject.  If you’d like to receive the newsletter in your inbox, send your email to wtwfinance@gmail.com.

Quntitative easing is all over the news this week. Bond purchases are anticipated.  Rising and falling interest rates are suggested.

The Federal Reserve Bank in the US bought bonds to help the country recover from the Great Recession.  This is called “Quantitative Easing.”   More money is put in circulation.  Hopefully lenders are encouraged to issue more loans so business is stimulated.

The US Fed also lowered interest rates to almost zero.

Now the US Fed has stopped buying bonds, and they have signalled that at some time interest rates will rise.  Signals are a way to let markets prepare for intended changes.

The European Union is more complicated because there is a central bank for all its member nations and then national central banks for each member state.  It came as no surprise when Mario Draghi,  the European Central bank’s president, announced this week that he would  buy bonds.  He did not suggest an interest rate rise.

The. Central banks of member nations will purchase most of the risky sovereogn (or nation-specific) bonds.  These states are in.a position.to control their own economies and have a greater interest in seeing that the bonds do not default.

The real question in what’s called QE is the nature of the bonds purchased.  And who is taking the risk?

Quantitative Easing Explained

Quantitative Easing Worked

Central European Bank Adopts Quantitative Easing

Former US Treasury Secretary Doesn’t Think QE Will Work in EU

Quantitaive Easing a Contagion?

What To Do If AI Goes Too Far…

Orion Jonews writes: Concerned that extreme advances in artificial intelligence could endanger humanity, Elon Musk—founder of PayPal, Tesla Motors, and SpaceX—donated ten million dollars this week to safeguard humans from an “intelligence explosion.”

The term refers to a rapid expanse of machine intelligence that could overcome our attempt to control it. In recent years, machine intelligence, also known as deep learning, has advanced substantially:

“Deep learning has boosted Android’s speech recognition, and given Skype Star Trek-like instant translation capabilities. Google is building self-driving cars, and computer systems that can teach themselves to identify cat videos.”

In the first week of 2015, AI researchers gathered at a closed-door conference in Puerto Rico to draft an open letter pledging to do research only for good ends while “avoiding potential pitfalls.”

A softer side of potential damages that artificial intelligence could do relate to human labor. As Google fervently pursues self-driving vehicles, what will become of those who drive trucks and buses for a living?

Physicist Michio Kaku sees a potentially simpler solution. Even if computer technology continues to double every 18 months—which is doubtful—we could put a chip in robots’ brains to shut them off if they start to get murderous.

AI Too Much?

 

Work Politics

KShutterstock_136706186Kathleen Kelley Reardon asks:  Can you manage at work without politics?  The answer to that question is, probably not.  Wherever people come together seeking goals – whether the same or different ones – and especially where there is competition for scarce resources, politics is there.  Political arenas run along a continuum from minimally to highly and even pathologically political.  The character of the arena in which you work dictates the extent to which political acumen becomes a necessity.The political landscape where most of us work shifts over time.  While it may be possible to remain a political purist (at least for a while) in some jobs in certain organizations, it is risky to wait around until politics reaches a point beyond your expertise.The more effective route is to prepare for politics. Keep in mind that not all forms of politics are devious or underhanded.  Some political skills are actually no more than good people skills, like interpersonal sensitivity: knowing when to bring up which topics, when to push for something you believe is important, managing conflict to avoid unnecessary flare-ups, and causing others to feel good about working with you.Additional, relatively basic and constructive forms of political know-how include:

–       Creating a positive impression – assuring that key people find you and your ideas interesting.

–       Positioning – being in the right place at the right time.

–       Cultivating mentors – locating experienced advisors.

–       Lining up your ducks – making sure any idea you advance has support from the right people.

–       Developing a favor bank – doing for others, not only because you want to, but so that someday when you need to call in a chit, you will have the “currency” to do so.

Why, you might ask yourself, should I spend my valuable time managing politics instead of doing my job?  The truth is that understanding politics is required to do your job in most of today’s organizations.

Why not start by assessing how things get done — by whom and in what ways — where you work?  Seek guidance if it’s available from people who are adept at managing politics.  Become a student of politics.  Learn, for example, to detect disconnects between what is said and what is done, between what is requested and what is rewarded.  In most organizations, there’s a lot more going on than meets the eye.  It never pays to be the last one to know.

 

Women and Leadership

A new Pew Study reports: According to the majority of Americans, women are every bit as capable of being good political leaders as men. The same can be said of their ability to dominate the corporate boardroom. And according to a new Pew Research Center survey on women and leadership, most Americans find women indistinguishable from men on key leadership traits such as intelligence and capacity for innovation, with many saying they’re stronger than men in terms of being compassionate and organized leaders.

So why, then, are women in short supply at the top of government and business in the United States? According to the public, at least, it’s not that they lack toughness, management chops or proper skill sets.

It’s also not all about work-life balance. While economic research and previous survey findings have shown that career interruptions related to motherhood may make it harder for women to advance in their careers and compete for top executive jobs, relatively few adults in the new Pew Research survey point to this as a key barrier for women seeking leadership roles.1 Only about one-in-five say women’s family responsibilities are a major reason there aren’t more females in top leadership positions in business and politics.

Americans Have Doubts About Women  Achieving Equality in Corporate LeadershipInstead, topping the list of reasons, about four and ten Americans point to a double standards for women seeking the highest levels of either politics or business. Similar shares say the electorate and corporate America are just not ready to put more women in top leadership positions.

A Woman Who Wants to Reach a Top Position in Business Is Better Off …As a result, the public is divided about whether, even in the face of the major advances women have made in the workplace, the imbalance in corporate America will change in the foreseeable future. About half (53%) believe men will continue to hold more top executive positions in business in the future; 44% say it is only a matter of time before as many women are in top executive positions as men. Americans are less doubtful when it comes to politics: 73% expect to see a female president in their lifetime.

These findings are based on a new Pew Research Center survey of 1,835 randomly selected adults conducted online Nov. 12-21, 2014. The survey also finds that the public is divided over whether a woman with leadership aspirations is better off having children early on in her career (36%) or waiting until she is well established (40%). About one-in-five (22%) say the best option would be to not have children at all.  Women-and Leadership

Showing Up Enough for Women?

Jessica Valenti wriites:  Feminists insist that the more women, people of color and LGBT individuals are visible, the better off – and more egalitarian – the world will be. But is simple representation the best answer to sexism?

Women are still scarce in many places of power.

The push for eventual parity, however, often means that the first women in traditionally male spaces – be it politics, gaming or even firefighting – are saddled with the responsibility of taking abuse until a critical mass is reached and (hopefully) the culture shifts, and of making that space more woman-friendly.

Women still make up barely 24 per cent  off all legislators nationwide,.

It is unclear if women’s presence in Congress has had much impact on the behavior of their male colleangues (or the continually sexist culture in politics).

We simply don’t have enough women represented yet to know what a critical mass might do. The fact that we’re still counting women is because there’s not that many of them.

“You’re still looking at an institution that is overwhelmingly male; it’s still the most exclusive men’s club in the world”, she said.

Any person breaking in to a space where they’re not of the dominant culture – it’s hard.

Asking individual women to enter hostile spaces to make them better is really asking women to make men better – and to make men better at women’s own risk. But it shouldn’t be women’s responsibility to fix men or deal with their misogyny. Instead, men should be taking it upon themselves to treat women with respect, and demand their other male colleagues do the samen

We need to regularly ask underrepresented folks: what would support look like to you? And then develop concrete, ongoing systems to provide that support.

That means if a female politicians want more bathrooms, get them more bathrooms and lay off the potty jokes.  It also means developing support and training for non-traditional jobs for women and demanding that straight white men do as much to make spaces friendly for underrepresented groups as those groups themselves. Women – and women’s presence – aren’t the only things that can end sexism, and closing gender gaps is more than just a number’s game. So let’s look forward to the day we can stop counting.

The Future?

 

Has Tsipras Lost Already?

Faced with a popular Greek opposition party, Syriza, which demands that Europe either reduce Greece’s debts or watch Greece walk out of the eurozone, German Chancellor Angela Merkel has not blinked and therefore has neutralized the bargaining position Syriza hoped for.

Greece’s creditors – in the main, the governments of northern European Union countries, the IMF and the World Bank – are unfazed by Greek threats.

There are still creditors tied to Greece, but they have changed. Greece’s creditors are governments and international organizations, and not banks and pension funds, nor companies whose downfall would immediately affect millions of citizens in predominantly northern European countries,

The original rescue operation was a huge bailout – but in the form of quick money that was used to pay off Greek debts to German, French, and Dutch financial institutions.

At the beginning of the crisis, a Greek default would have seen banks and pension funds in the tank, resulting in renewed panic on financial markets still reeling from the credit crisis. Now the risk of contagion – with banks in Italy, Spain, and Ireland crashing like dominoes stones as investors flee – has largely subsided.

Instead, Greece now owes billions of euros to EU countries, the IMF, and the World Bank, among others. These creditors do not easily default. The hit they would take would be one they could bear. Meanwhile, a default and an exit from the European Union wouldn’t help Greece at all..

The first thing Greece would have to do it it exited the euro and the EU is organize stringent capital controls to prevent Greeks from moving their euros to other countries, which would effectively end any economic activity still going on in the country.

Second, Athens would have to quickly introduce a new currency,  which would immediately crash against the other main currencies.

For  Greek bonds, a new level below junk status would have to be invented. Within 24 hours Greece would be a financial pariah, paying huge interest rates and risk premiums, while its existing loans would balloon, as most loans outstanding to its foreign creditors would still have to be paid in euros. Greece would be Europe’s Zimbabwe, with the local economy in tatters; rampant inflation; and mass unemployment.

So Syriza leader Alexis Tsipras stood on the ledge,  Merkel folded her arms, smiled told him to go ahead and jump.  And now Merkel wonders whether Tsipras understands that he may call himself Greece’s new prime minister after Jan. 25, but he still won’t be the one holding any power.

Merkel and Tsipras

Womanhood: Not a Piece of ‘Cake’

Cavan Sieczkowski writes about Jennifer Aniston, nominated for Best Actress in the film ‘Cake.’   “You’re damned if you do and damned if you don’t,” says Aniston. Physical standards in Hollywood are skewed in Hollywood.

Aniston’s role in ‘Cake’ as a woman suffering from chronic pain and depression has already earned her Golden Globe, SAG and Critics’ Choice nominations.

While promoting the film, Aniston’s had to field questions about the “likability” of the character, a question she says “men don’t get asked.” Men in her business also don’t get regularly quizzed on marriage and kids, although those inquiries hound Aniston.

“You don’t see a lot of men getting asked: ‘Why aren’t you married? Why aren’t you having children?’ You don’t get the ‘Well, they seem to play the same thing over and over again,’ and some of them do.  We’re very much a sexist society,” she said. “Women are still not paid as much as men … I’ve been up against that in negotiations myself.”

Unlike men in Hollywood, women are faced with distorted beauty standards and unfair criticism.

Aniston said, “I really do think you’re damned if you do and damned if you don’t. You either are too fat — ‘Oh my God, she’s gained weight, getting chubby, mid-40s spread!’ — or ‘She’s so skeletal, get some meat on her bones!’ I’ve been on too-thin lists. I’ve been on what-happened-to-her lists.”

Jennifer Aniston

Sri Lanka: Free Again?

Blommberg editors opine:  Strongman Mahinda Rajapaksa was kicked out in last week’s elections in Sri Lanka.   Another small, strategically vital Asian nation appears to have rejected China’s embrace. Whether the U.S. and India can exploit this opportunity, however, will depend on whether they recognize what’s unique about Sri Lanka.

Voters elected Maithripala Sirisena as president because they had tired of the opacity and perceived cronyism of Rajapaksa’s administration, symbolized in part by multibillion-dollar projects handed out to Chinese companies with little oversight. Elites had begun to fear that Beijing would soon demand more political and military influence as part of its largesse. Yet, unlike Myanmar, which shares a land border with China, such concerns remain somewhat theoretical. Sri Lanka has vast infrastructure needs — and therefore good reason not to reject Chinese money entirely.

If other nations want to compete, they’re going to have to demonstrate they are as willing and able as China to carry out large projects. India is itself seeking Chinese money for infrastructure. At the same time, Japan, Sri Lanka’s largest donor, has shown interest in increasing its investments in the region, and there should be room for Tokyo and New Delhi to combine forces.

Sri Lanka’s has also sidelined the people who have been most directly implicated in past human-rights abuses — including President Rajapaksa and his brother Gotabaya, who served as defense secretary during the last stages of the brutal war against Tamil Tiger insurgents. This should make it easier for the U.S. and India, which has a large and vocal Tamil minority, to work with the new government and eventually strengthen military-to-military ties.   U.N.-led efforts to investigate allegations of Sri Lankan war crimes should continue, but hopefully the new president will be given a chance to promote internal reconciliation and accountability. The campaign to end Sri Lanka’s longstanding culture of impunity will have far higher chances of success if it is led from within, rather than imposed from abroad.

China still has a legitimate interest in expanding its presence in the Indian Ocean, given its dependence on the region’s shipping lanes. By the same token, Sri Lankans could benefit greatly if Beijing’s plans for a “Maritime Silk Road” integrate the infrastructure and economies of the whole region.

Ideally, China will continue to cultivate its interest in Sri Lanka as one investor among several.  Worthwhile public projects should proceed with open bidding and labor and environmental safeguards.  Needlessly provocative actions — such as the docking of Chinese submarines at Sri Lankan ports, which Rajapaksa allowed — should cease.

Sri Lanka