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Bloomberg BusinessWeek, Mar 25, 2019

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发表于 3-27-2019 15:08:11 | 显示全部楼层 |阅读模式
(1) Rachel Chang, How AI Ate the Colonel.
https://www.bloomberg.com/news/a ... e-kfc-of-the-future
("China's biggest fast-food operation, Yum is seeking to maintain its dominance amid intensifying competition from a newly assertive McDonald's Corp. (under Chinese management since 2017) and smaller US chains such as White Castle and Shake Shack, as well as local fast-food operations * * * [Yum China] Chief Executive Officer Joey Wat [since 2018] * * * When Yum China 百胜中国 was spun off from parent Yum! Brands Inc in 2016, the rationale was simple: Executives sitting in Louisville couldn’t possibly keep up with all the developments in China")

My comment:
(a)
(i) I am unclear what the print title means. The online title is: KFC Aims to Keep Its China Edge With AI Menu, Robot Ice Cream Maker.
(ii) summary underneath the title in print: Yum China is betting on cashless stores, innovative food items, and customized service
(iii) Print and the online version are identical.

(b)
(i) Joey Wat
https://en.wikipedia.org/wiki/Joey_Wat
(c 1971 - ; Joey Chui Yung Wat 屈翠容; "was born in Fujian Province in China and moved to Hong Kong with her family at a young age, Wat received her Bachelor’s degree from Hong Kong University and an MBA from Northwestern University's Kellogg School of Management")
(ii) Joey (name)
https://en.wikipedia.org/wiki/Joey_(name)
(iii) She is married but I fail to find her husband's name.
(iv) Wat (surname)  
https://en.wikipedia.org/wiki/Wat_(surname)
(Cantonese spelling for 屈)

(2) John Gittelsohn, How Fast Can $360Billion Grow?
https://www.bloomberg.com/news/a ... -percent-every-year

Quote:

"In January, Ben Meng started his job as chief investment officer of a seriously big fund: the $358.4 billion California Public Employees’ Retirement System, or CalPERS, the largest U.S. pension.

"Perhaps more daunting for Meng is this figure: 7 percent. That's CalPERS's annual return target. It may not sound very high given that the S&P 500 returned almost an annualized 11 percent in the five years through January 2018. But CalPERS made only an annualized 6.3 percent in that period.

Note:
(a)
(i) summary underneath the title in print: The new boss at CalPERS used to deal in trillions of yuan. This challenge may be bigger
(ii) Print and the online version are identical.


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 楼主| 发表于 3-27-2019 15:08:48 | 显示全部楼层
(3) Jan King, Intel's Short Memory.
https://www.bloomberg.com/news/a ... -inspiring-analysts

Quote:

"It can be tough to recall that Intel Corp invented the memory-chip business half a century ago. It gave up on the field for more than a decade, starting in the 1980s, and has struggled since returning [to memory chips] in 2006 to match the success of Samsung Electronics Co in the historically low-margin product category. The bigger issue for Intel, however, is that memory-chip technology hasn't been advancing as quickly as more profitable gear * * * say, Intel's lucrative server chips * * * That's why Bob Swan, Intel's chief executive officer since late January, is sticking with his predecessor's push into a new kind of chip, called Optane, which the company says doesn't have the weaknesses of existing technology. * * *

"There are two basic types of memory chip, each with different advantages. DRAM (dynamic random-access memory) chips read and write data quickly but can't store it when a system is powered down; NAND (short for 'not and') flash memory chips are basically the opposite in how they function. Intel says Optane chips can permanently store data and read and write it faster than NAND, if not faster than DRAM. The product, which went on sale at the end of last year, will require more investment in manufacturing before the company can mass-produce it. But it's been tested successfully by Alibaba Group Holdings Ltd and Google's cloud division, according to the companies. * * * Still, memory chips tend to be the most volatile slice of the $470 billion semiconductor industry.

Note:
(a)
(i) Print title lacks clarity to me.
(A) The title in table of content in print is: Intel places a risky bet on memory chips
(B) The online title of this article: Intel's Latest Chip Push Suggests the Company Has a Short Memory
(ii) summary underneath the title in print: The company's renewed bet on a volatile business has disappointed analysts who wanted a fresh look from the new CEO
(iii) Print and the online version are identical.

(b)
(i) "the first commercially available DRAM [D for dynamic] chip, the Intel 1103, introduced in October 1970."  en.wikipedia.org for "Random-access memory" (RAM).

This (DRAM) is called into question, because the same Wiki for Intel says it is SRAM, where S stands for static.
(ii) Intel at 50: Intel's 1101. Inel, May 27, 2018
https://newsroom.intel.com/news/intel-50-intels-1101/
("Intel’s 1101 static random access memory (SRAM) was the first high-volume metal-oxide semiconductor (MOS) memory and the first chip to use silicon gates")

Intel was founded in 1968.

(c) The Intel (or Miron) website for Optane is not helpful to a novice like me. For Optane, see 3D XPoint
https://en.wikipedia.org/wiki/3D_XPoint
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 楼主| 发表于 3-27-2019 15:13:40 | 显示全部楼层
(4) Jeanna Smialek, The Business of Equality.
https://www.bloomberg.com/news/a ... n-t-beat-inequality

Note:
(a)
(i) The online titleis: Inequality Is Holding Economies Back. Education Could Be One Solution
(ii) summary underneath the title in print: Or, how education will hold us back and set us free
(iii) Print and the online version are identical.

(b) There is no need to read text. Just view the two figures, which in print has no sources, which is extremely unusual (the text does not describe -- allude to, yes -- these figures); even more unusual is lack of a footnote corresponding to the asterisk for the top figure. Fortunately they appear in the online version.
Elka Torpey, Career Planning for High Schoolers. Bureau of Labor Statistics (BLS), US Department of Labor, January 2015 (under the heading "Career Outlook")
https://www.bls.gov/careeroutloo ... -high-schoolers.htm

Please view the only table whose heading is "Average starting salaries for Class of 2014 college graduates, by major field of study": "Overall" ($48,707) -- with majors ranging from "Humanities and social sciences" ($38,049) and "Engineering" ($62,891) as well as "Computer science" ($62,891). I do not know how this BLS table comports with Bloomberg for college graduates' median or mean annual salary in a lifetime.

In Figure 2, take note of Taiwan, US, Japan and China near the midline.

(c) The article mentions in paragraph 3 "the late economist Alan Krueger."
https://en.wikipedia.org/wiki/Alan_Krueger
(1960-March 16, 2019 (suicide at home); PhD in economics from Harvard in 1987; chair of the White House Council of Economic Advisers 2011-2013; Princeton professor)
(d) The article also says that "unequal access to opportunities is a global story. Barriers vary by country, but children are generally more likely to earn incomes similar to their parents' in nations with higher income inequality. The graph of this relationship is often called a Great Gatsby Curve, first introduced by Krueger and named after F Scott Fitzgerald's novel about social mobility and its costs. Kids in Panama and Madagascar, where income is very unequal, are more likely to stay poor if they're born poor. In countries where earnings are fairly evenly spread, such as Denmark and Finland, they're more likely to be masters of their own fates.

The Great Gatsby Curve was introduced in a speech: Alan B Krueger, The Rise and Consequences of Inequality in the United States. delivered at Center for American Progress (CAP), Jan 12, 2012
https://obamawhitehouse.archives ... h_final_remarks.pdf

, which looks similar to Figure 2 in Bloomberg, but switches in the X-axis.
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