source:http://www.nytimes.com/2013/09/26/technology/personaltech/sonys-whole-new-idea-half-a-camera.html?pagewanted=2&_r=1&ref=business&

When people are going through the Facebook, they see many pictures taken by phones, but the quality of the picture is not so perfect. Meanwhile, when people are alone and want to take a picture of themselves, because of the length of their arms, they can only take pictures of their faces instead of bodies.

Sony has just invented a new product to solve these problems, which is half a camera. It  can be connected to a phone.

The values offered by this product are very obvious: functional and easy-to-carry. People can upload the photos through a phone and use that “half a camera” to get a much more perfect  photo. What’s more, people can put the lens somewhere they cannot stand and get a unique view.

The consumer segment is the group of amateur photographers, and many of them are females because they want to take a better picture of themselves.However, the expense of this product is so high that nobody will want to buy it.

In my opinion, this product will leads to another revolution of cameras just like the one decades ago. Although this product is very expensive, its function is just ideal!With the development of technology, the price of it will decrease and the combination of a phone and a camera will take the lead in the future.

What Sony should do now is to make more research on this product and try to sell them as soon as possible so that they can control the market of digital cameras before the other competitors notice this product.

Source:http://www.nytimes.com/2013/09/24/business/global/high-speed-train-system-is-huge-success-for-china.html?pagewanted=2&hpw

With the development of speedy trains, they have been exerting a more and more considerable on other business industries.

To start with, the fast trains have a significant effect on airline companies. Although a deadly accident happened , compared with airplanes, trains are still a better choice for Chinese because of the traditional idea that trains are safer than planes. As a result, the airline companies in china suffered a lot from the advancement of trains. For example, it takes passengers only 3 hours from Nanjing to Beijing by train. Nobody would like to spend much more money to take a plane.

However, this trend also contributes to creating business opportunities. For example, as is mentioned in the website, businessmen have more opportunities than before. They can show up in Guang Zhou in the morning and come back to Beijing at night to get more orders. What’s more, many prosperous cities are coming into being because of the traffic which may be able to send various resources and labors everywhere in China.

In my opinion, if I worked in an investment bank, I would focus on houses or apartments the new railway stations because the price of them has a great possibility to go up. At the same time, people can open our own restaurants or stores nearby. After several years, people can just sell them, which also makes a lot of money.

source:http://dealbook.nytimes.com/2013/09/11/new-york-regulator-sees-abuse-increasing-under-new-insurance-rules/?hpw&_r=0

Background:Several big life insurers are going to have to set aside a total of at least $4 billion because New York regulators believe they have been manipulating new rules meant to make sure they have adequate reserves to pay out claims. And A sample of 16 insurers in the test were expected to increase their reserves by $10 billion, he said, but instead only $668 million was added.

Since the capitalists on Wall Street created economic crisis in 2008, I have already been familiar with their evil behavior. But after I read “The Social Responsibiliy of Business is to Increase Profits“. I began to wonder what is the real business ethics.

If I were a customer of these insurance companies, I would definitely think the measures these insurance companies are taking are jeopardize my interests, which should be considered immoral.

However, if I were a Chief Executive Officer of an insurer, I would absolutely do the same thing because it is my responsibility to make money for stockholders and shareholders. What’s more, I do not break the law, so according to the theory, which is mentioned in the article of “The Social Responsibiliy of Business is to Increase Profits“, what I am doing is moral.

As a result, business ethics is against the social ethics. If what I have just wrote was correct, government should just forbid business. That’s my confusion, and I hope I can figure it out in class.

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