Blog Posts by Daniel Gross

  • Japan population falls to 15-year low

    Japan's population has shrunk for the fourth year running, falling back to a level it was last at in 2000, with more than one in four people now aged 65 or older, the government said.

    The population dropped by 0.17 percent, or 215,000 people, to 127,083,000 as of October 1 last year, according to the data released on Friday. The figure includes long-staying foreigners.

    The number of people aged 65 or over rose by 1.1 million to 33 million and now outnumber those aged 14 or younger by two to one.

    The demographic shift is due to a combination of a low birthrate and long life expectancy.

    Japan's rapidly greying population poses a major headache for policymakers who are faced with trying to ensure an ever-dwindling pool of workers can pay for the growing number of pensioners.

    The country has very little immigration. Any suggestion of opening its borders to young workers who could help plug the population gap provokes strong reactions among the public.

    Japan's population is forecast to drop

    Read More »from Japan population falls to 15-year low
  • A cartel attacked Mexican security forces in reaction to a drug lord's arrest in a city near the US border, unleashing gunfights that killed at least three gunmen and wounded two officers.

    The gang torched several vehicles, including a school bus, and used trucks and cars to block streets in Reynosa, sowing panic in the city of 610,000 people across from McAllen, Texas.

    Terrified Reynosa residents posted pictures on Twitter of burning vehicles and people taking cover on the ground, while the US consulate urged Americans to stay indoors.

    The firefights began after a leader of the Gulf cartel was arrested in the city, two federal officials said on condition of anonymity, identifying the suspect as Jose Tiburcio Hernandez Fuentes, also known as "El Gafe" (The Jinxed One).

    His arrest dealt a new blow to the gang, which holds sway in northern Tamaulipas state but has seen several leaders taken down, triggering deadly internal power struggles that have surged along the border this year.

    The

    Read More »from Mexico drug lord's arrest sparks gunfights, three dead
  • Global Sources opens second phase of world's largest electronics sourcing trade show

    More than 1,900 booth event to focus on Mobile Electronics

    HONG KONG, April 18, 2015 /PRNewswire/ -- Global Sources' (GSOL) 2015 spring electronics show second phase opens today with more than 1,900 booths focusing on mobile electronics. Held today through April 21 at AsiaWorld-Expo in Hong Kong, products categories covered include smartphones, tablets, drones, wearables and accessories.

    Logo

    Global Sources Electronics is being held in two phases and features a total of more than 5,500 booths, making it the world's largest electronics sourcing trade show. The first phase was held April 11-14 and included a wide range of electronics for home, office, auto and security products as well as electronic components.

    President of Global Sources Electronics Group, Tommy Wong, said: "Over the past 10 years hosting our events in Hong Kong, we have focused on attracting quality-focused, innovative electronics suppliers from China and across Asia. Our electronics show has gained a reputation as a place to discover the most cutting-edge electronics products

    Read More »from Global Sources opens second phase of world's largest electronics sourcing trade show
  • Samsung has removed its corporate logo from its new smartphones sold in Japan, a company spokeswoman confirmed on Saturday.

    The name Samsung is missing on both the Galaxy S6 and its curved-edge variant, the Galaxy S6 Edge.

    These models are presented as Docomo Galaxy and au Galaxy, carrying the names of its associated Japanese telecom service providers.

    Samsung provided no reason why it kept the logo off in Japan.

    A leading smartphone maker globally, Samsung has however been struggling in the Japanese market, where archrival Apple is dominant, followed by key Japanese makers such as Sony, Sharp and Fujitsu.

    The firm rolled out its new smartphone in South Korea last week.

    Samsung, labouring under the burden of successive quarters of plunging profits and booming sales of Apple's iPhone 6, is hoping that new phone will reverse the company's fortunes.

  • Spanish tax authorities carried out new searches of former IMF chief Rodrigo Rato's Madrid offices in a money-laundering probe as the country questioned whether he had been made a scapegoat in the ruling Popular Party's anti-corruption drive.

    Rato is already being investigated for alleged fraud during his time as chief executive at Bankia, a Spanish bank which needed to be bailed out by the government.

    The 66-year-old told El Pais newspaper that he was "actively cooperating with investigators" in the new investigation.

    Spain's state prosecutor ordered the searches as part of a probe into suspected money laundering, fraud and asset-stripping, a source close to the investigation told AFP.

    The judge in charge of the investigation also ordered Rato's bank accounts be frozen Friday, a judicial source said.

    Spanish media reported the investigation could be linked to an alleged payment of 6.2 million euros ($6.6 million) which investment bank Lazard made to Rato in 2011, several years after

    Read More »from Spanish authorities search ex-IMF chief Rato's office for 2nd day
  • Organizing Committee of the 13th UN Congress on Crime Prevention: Silence Speaks Loudly Against Crime

    Doha, Qatar, Apr 18, 2015 - (ACN Newswire) - Silence spoke as loudly against crime as the voice of 5,000 delegates in the 13th UN Crime Congress in Doha, Qatar.

    In a video that is just over a minute long, members of the Qatari Social and Cultural Center for the Deaf used sign language to deliver their message to end human trafficking, violence against women and children, corruption and the use of drugs. It also talked about the link between education and security.

    The video ran in a loop across all screens at the Qatar National Convention Center throughout the Congress.

    "At a time when many people fail to express themselves, here is a silent message against violence and crime from Qatar to the World," it said.

    An initiative of the Media Committee under the Preparatory Committee of the 13th UN Crime Congress, the video sought to promote the Congress and its message to as many people as possible.

    "The proceedings of the Congress are translated in many languages," said Mr Abdullah Khalifa Al

    Read More »from Organizing Committee of the 13th UN Congress on Crime Prevention: Silence Speaks Loudly Against Crime
  • New Google security chief looks for balance with privacy

    Google has a new sheriff keeping watch over the wilds of the Internet.

    Austrian-born Gerhard Eschelbeck has ranged the British city of Oxford; cavorted at notorious Def Con hacker conclaves, wrangled a herd of startups, and camped out in Silicon Valley.

    He now holds the reins of security and privacy for all-things Google.

    In an exclusive interview with AFP, Eschelbeck spoke of using Google's massive scope to protect users from cyber villains such as spammers and state-sponsored spies.

    "The size of our computing infrastructure allows us to process, analyze, and research the changing threat landscape and look ahead to predict what is coming," Eschelbeck said during his first one-on-one press interview in his new post.

    "Security is obviously a constant race; the key is how far can you look ahead."

    Eschelbeck took charge of Google's 500-strong security and privacy team early this year, returning to Silicon Valley after running engineering for a computer security company in Oxford for two

    Read More »from New Google security chief looks for balance with privacy
  • Michigander A. Alfred Taubman Passes Away at Age 91

    BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--

    Taubman Centers, Inc. (TCO)

    Taubman Centers Chairman, President and Chief Executive Officer Robert S. Taubman this evening sent the following message to all Taubman employees:

    I have some very sad news to share with all of you, my father passed away this evening here in Bloomfield Hills.

    This company and all that you stand for were among the greatest joys of his life. Just last month he was in Puerto Rico to celebrate with us the grand opening of The Mall of San Juan. He was so proud of what this wonderful company he founded 65 years ago has accomplished. Tonight, after dinner in his home, a heart attack took him from us, ending what was a full, extraordinary life that touched so many people in so many wonderful ways around the world. Right now it is difficult for me to express our sadness. We will be informing you

    Read More »from Michigander A. Alfred Taubman Passes Away at Age 91
    Contact:
    Christopher Tennyson
    Office of A. Alfred Taubman
    248-736-5729
    www.alfredtaubman.com
    or
    Maria Mainville
    Taubman Centers, Inc.
    Director, Strategic Communications
    248-410-9863
    mmainville@taubman.com
  • How to Play the Abercrombie LBO Rumors

    On Wall Street, it often doesn’t matter if a rumor is true or false, only that it is tradable. This is the approach some traders are taking, yet again, with Abercrombie & Fitch (ANF). The troubled teen retailer remains the subject of leveraged buyout chatter, as it has been for years. Susquehanna Financial’s Chris Jacobson notified clients recently that the rumors had sparked call buying, which got him thinking about how to trade the stock. Jacobson thinks that the LBO speculation will keep the shares from declining, as will Abercrombie’s 3.6% dividend yield. In fact, his firm has a $30 price target on the recently $21 stock. To trade Abercrombie, Jacobson would sell a January $18 put and buy a January $23/$30 call spread. (A call spread is created by buying a call and selling another with a higher strike price, but the same expiration.) The shares were around $22 when he modeled the trade. The ideal outcome would be for the stock to be at $30 at expiration, Jacobson says, at

    Read More »from How to Play the Abercrombie LBO Rumors
  • Should financial advisors fear robo-advisors? Numerous online, automated investment managers have popped up over the past few years, providing tailored portfolios at rock-bottom prices and gathering more than $19 billion of assets in the process. Human advisors, however, say they’re not worried. “We actually welcome the robo-advisors,” says Timothy Grimes, an independent advisor in Westborough, Mass. Grimes and other advisors see robo-advisors, with their low minimum asset requirements, as a good option for investors with modest wealth. Those include Henry investors—the acronym stands for “high earning not rich yet.” Henry families earn $250,000 or more, but haven’t yet accumulated substantial savings. Full-service advisors often require new clients to have at least $250,000 of investable assets. Once the Henrys graduate to those higher levels of wealth and their needs become more complex, the thinking goes, they’ll turn from robo-advisors to human advisors. Advisors’ lack of concern

    Read More »from When Financial Advisors Meet Their Robo-Rivals

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