Euro-zone turmoil

With the cost of insuring Spanish, Italian, Irish and even German government debt against default rising this morning, Ireland’s €85bn rescue package has not calmed the markets. One expert believes Ireland is effectively insolvent while another fears the eurozone is heading for ‘total meltdown’

 These days, market shows less confidence on euro because of the continuous sovereign debt problem in the “Mediterranean” countries. The problem can hardly be solved without addressing the structural integrity of the euro.

 The Eurozone, as a whole, doesn’t have the much pressure about the balance of the economics superficially. But looking from the inside, the unbalance of the economics and trade is relatively serious. Compared with the high trade surplus of German, some other European countries are even facing the heavy excess of import. Saying an isolated country, it can balance the situation by currency rate. However, as a whole union using an identical currency, there’s no choice for them to choose. And Euro’s rate is usually based on German, which is always having trade surplus.

 It is said that a new round of bank ‘stress tests’ is planed next year. Nonetheless, if the the structural integrity of the euro doesn’t change, problems will last.

The contend for markets in the field of tablet

As Apple launched the iPad half a year ago, tablet has attracted millions of customers. According to a research from Gartner, conducted by Ranjit Atwal, the sale of the tablet will take the place of that of PC by 10% by 2014. There seems to be a trend that tablet will become the fashion.

Finding such a great chance, all kinds of major IT industries have determined to have a finger in the pie. RIM, Samsung, Dell, Toshiba, Orange, Cisco, Lenovo, and Google have all made the schedule of launching their own tablets.

 Apple still own the advantage of first launching the tablet, and are making efforts to develop the support technology and application program of the iPad as well. according to the current situation, it is forecasted that the dominating position of iPad will hardly be broken until 2012.

 However, iPad is still more like the enlarged form of an iPhone and have more common design elements with communication tools. Therefore, it gives some chance to those PC makers which will certainly add more computer elements to the tablet in order to make differentiated competition.

 Thus, Apple still needs to be careful in this fierce competition.

HP problem of its leadership

HP’s CEO, Mark Hurd was fired in August because he was had been involved in a sexual harassment. It is the third top manager fired from HP during the last five years.

Mark Hurd was a competent CEO. After he took the office, he carried out drastic reformation and managed to merge HP with EDS in a cost of 13.9 billion. During his term of office, the stock price of HP has risen by more than twice as much as his first coming. That is to say, Mark Hurd really contributed a lot to HP.

However, the trust of the company is the base of a top manager. The sexual harassment damaged the trust of both the staff members and shareholders. Thus the expulsion seems to be a must.

Another thing we need to learn from the expulsion is that the top management of any companies should learn to respect the business ethic which is always neglected as the promotion of position and the increase of authority. The responsibility top managers assume is great, so they need to be more aware of the decision they made, even in the daily life, in order to effect the company negatively.

Shanghai fire

The 2010 Shanghai fire was a 15 November 2010 fire that destroyed a 28-story high-rise apartment building in the Chinese city of Shanghai, killing 58 people with 56 missing and more than 120 others injured.

An investigation under China’s cabinet was announced on 16 November, the day after the fire, to determine the cause of the blaze. The investigation into the fire made a preliminary conclusion that negligence by unlicensed welders on the tenth floor caused the bamboo scaffolding and attached nylon netting to catch fire, which subsequently spread to the entire structure.

As of 19 November, a total of twelve individuals were being held by officials in connection to the blaze, including four more who were detained that day. The four were representatives of Jiayi Building Decoration, a part of renovation contractor Jing’an Construction, Shanghai Jing’an Construction Supervision, and the apartment management company.

It is a signal that big cities in China need to improve their ability to deal with fire happened in skyscrapers. Additionally, it is also need to be investigated seriously about the poor quality of the construction and the why this kind of company can get the opportunity to do the program.Shanghai fire

read more:http://thelede.blogs.nytimes.com/2010/11/15/video-of-deadly-shanghai-fire/

War between QQ and 360

A war between Tencent, operator of the popular instant-messaging software QQ, and Qihoo 360, China’s biggest antivirus service provider, escalated early this month when Tencent  stopped service to QQ users whose computers are installed with 360’s software.

Tencent is always accused of plagiarizing others ideas and copy them on their own online platform, QQ, which force many small companies to collapse. 360, created by Hongyi Zhou, who had created the 3721, one of the famous rogue software, is accused of kidnapping the users and trying to push aside other companies.

Though online polls are hardly a scientific measurement of public opinion, one poll on popular Internet portal 163.com suggests Tencent may be taking a hit in this publicity battle. Of 423,000 respondents who were asked whether they would remove Tencent or Qihoo’s software, 66% voted to remove Tencent’s software, while 34% chose Qihoo 360.

Whatever the two companies have said, they have all made the unethical decisions which harm the users’ rights, thus breaking the basic morality in the business. In any case, any corporations should not harm the user, especially now the war is now affecting innocent bystanders whose computers have become the battlefield of the two big corporations.

read more:http://blogs.wsj.com/chinarealtime/2010/11/05/qq-360-battle-escalates-into-war/