Word: kroeber
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...bought the television arm (including the RCA brand) of French electronics giant Thomson. Shanghai Automotive Industry Corp. is in talks to acquire the very English MG Rover and has already bought Korean SUV maker Ssangyong. A consortium of Chinese companies bid on the Canadian mining firm Noranda. Says Arthur Kroeber, managing editor of the China Economic Quarterly, of the dealmaking: "It's not a silly gamble, but it is high risk...
...Lenovo, which has been under threat domestically from Dell, has seen gross margins from its corporate PC business fall from 14.8% last year to 12.4% in the second quarter of this fiscal year. "Chinese are buying foreign companies out of desperation because of shrinking margins at home," says Arthur Kroeber, managing editor of China Economic Quarterly. "It's not a silly gamble, but it is high risk...
...which are burdened by bad loans to state enterprises and depend heavily on the deposits of ordinary Chinese to remain solvent. If the rest of the country follows Zhejiang's example, the deposit exodus could shake confidence in the entire system, sparking bank runs and a financial crisis. Arthur Kroeber, managing editor of the Beijing-based China Economic Quarterly, says the main reason the government increased interest rates last month by 0.27% for one-year loans and deposits?China's first rate hike in nine years?was to encourage people to keep their cash in banks. More interest-rate increases...
...analysis indicates that the borrower is a good risk. So Beijing resorts to administrative diktats that are ineffective if few obey them but could result in a too-sharp contraction if everyone does. "Too many people have a fantasy about China that bears no relation to reality," says Arthur Kroeber, managing editor of the Hong Kong-based China Economic Quarterly. "This is still a state-directed economy, and the government's latest steps have been a wake-up call." The alarm bells are getting louder. Consumer prices on the mainland jumped 3.8% last month, the highest year-on-year monthly...
...Anthropology and myth, clearest in the stories of Always Coming Home, play a part in nearly all of Le Guin's work. Her interest in both writing and anthropology can be traced to her family. She grew up in a household with a famous anthropologist father, Alfred L. Kroeber, and a successful writing mother, Theodora Kracaw Kroeber, whose most famous work, _Ishi, Last of His Tribe_, dealt with indigenous American Indians...