马云为什么错了 违背支撑市场经济契约原则

支付宝游戏规则：他们都是商人

Yahoo plan:

Get enough money, minor stake holder, it depends how much money it can get and how the public responds to the negotiation outcome with Alibaba. If everything goes well, Jerry Yang could come back to Yahoo to replace CEO Bartz.

Renren Investors Wake Up!

In the recent frauds in the Chinese reverse takeover (RTO) stocks investors suddenly realize that they can't sue the Chinese companies' management. Many times they don't even know if they are US or Chinese citizens, or which laws apply.

Let's look at recent Renren IPO, touted as Chinese Facebook, based on its S-1,
several risks show up

1. Joseph Yizhou Chen was at Oak Pacific Interactive backed by Softbank Japan, why change to Renren?
2. RENN stock holders' ownership is 13.4%, but voting power only 3.3%. American investors shut up?
3. For foreign capitals, it is much easy to move money into China than to take from China.  Ask Mr Chen if and when there will be a cash dividend. Milk American cash cow.
4. Joseph Yizhou Chen 陈一舟, is an American citizen and can't register websites such as Qianxiang Tiancheng (Thousand Oaks) by himself. The founder doesn't own the websites. Emperor's new clothes, sue Mr Chen in the US?
5. Derek Palaschuk was to be appointed then suddenly resigned before Renren's IPO. Derek Palaschuk is involved in the fraud of Longtop Financial Technologies. per its S-1 "Mr. Derek Palaschuk will serve as our independent director upon the SEC’s declaration of effectiveness of our registration statement"
6. Chen owned stock of Elong through Oak Pacific Interactive, you know what, also from S-1", Mr. Palaschuk has served as the chief financial officer of Longtop Financial Technologies Limited, a China-based NYSE-listed company, since September 2006. Prior to this, Mr. Palaschuk served as chief financial officer of eLong Inc," SOHU as well. Self dealing?
7. Renren's auditor is Deloitte Touche Tohmatsu CPA Ltd. Fraud Longtop Financial Technologies also shared Deloitte as its auditor.
8. Fudged the registered user number at Renren websites. Illusion. Because those internet companies have negative or small profit to report, then Wall Street analysts invented some other criteria to measure company's success.
9. SB Pan Pacific, part of Softbank Japan, an investor in Renren, has a very bad meaning in Chinese for SB. SB means 傻逼,傻B in Chinese, "dumb ass" in English.

Conclusion:

I can't say Renren stock offering is a fraud, but it certainly fits all the fraud patterns.

Lost in translation or on purpose: 构建世界传媒新秩序≠Toward a New World Media Order

Toward a New World Media Order as published in Wall Street Journal vs 构建世界传媒新秩序, as published in Chinese websites. It should be translated into "To Build a World Media New Order" from Chinese version.

I don't know if Mr Li speaks English and if Wall Street Journal Staff translates the article. There is a big difference between Toward a New World Media Order as published and To Build a World Media New Order. The published title wants to hide the ambition of China to control the world order.

What is the piece all about? The next piece is presumably written by Li Congjun, a single person. Actually, according to Chineese media tradition, it expresses the views of Chinese government. Without the explicit consent from Chinese communist government, Li will not and can't publish such an article. This is just a piece of Chinese spin.

Toward a New World Media Order  Wall Street Journal 20110601 By Li Congjun The world established a new international order after World War II with the founding of the United Nations. For over six decades, the international community has endeavored to create a more balanced, just and rational political and economic order. Unfortunately the rules governing the international media order lag behind the times, especially compared to changes in politics and economics. The gap is seen, first and foremost, in the extremely uneven pattern of international communication. The flow of information is basically one-way: from West to East, North to South, and from developed to developing countries. In 1980, the 21st General Conference of the United Nations Educational, Scientific and Cultural Organization (Unesco) addressed the imbalance and inequality in international news reporting and called for a new order in international mass communication. Over the years, a growing number of insightful people, including many from the West, have proposed changes with the conviction that the existing order is far from just, rational and balanced. In our interdependent world, the human community needs a set of more civilized rules to govern international mass communication. This reminds me of bridge, a game I truly enjoy. Modern bridge is known as contract bridge, indicating that players are bound by a contract and the game is a bidding process, in which wise and effective exchanges of information rely on collaboration and communication carried out in a fair and just manner. Earlier variations of bridge, known as bridge-whist or straight bridge, were different. In bridge-whist, there was no bidding and the game was all about gambling, making communication difficult. The modern game has been shaped by gradual rule changes over the years. The "bridge" linking modern information flow and the international media is crumbling, in a sense, due to a lack of fair "contracting" and "gaming." This situation is incompatible with the contemporary world. An unjust and irrational order hinders the global media industry's sustainable development and contributes to the problems in today's world. We need to start a constructive reform through rule changes to rebuild the bridge of communication and let the media industry play a more active role in promoting the advancement of human civilization. Four principles should guide changes in the value system: • Fairness: This requires that media organizations from all countries should have the right to participate in international communication on equal terms. Those media organizations in turn should provide comprehensive, objective, fair, balanced and accurate coverage to minimize discrimination and prejudice. • All-win: It is advisable to create conditions allowing media organizations from different countries to share the fruits of development in information and communication industries, to play an active role in international mass communication, and to reverse the unbalanced situation where the strong get stronger and the weak get weaker. • Inclusion: To maintain the world's diversity, media must respect the unique cultures, customs, beliefs and values of different nations; strive to dispel suspicions and remove barriers between different cultures and civilizations; enhance dialogue and communication; and seek common ground while putting aside differences. • Responsibility: Media organizations should not only ensure openness and transparency to promote the building of an open society, but also keep to rational and constructive rules so as to turn mass communication into an active force for promoting social progress. We must also keep improving rules and explore new mechanisms governing international communication. Unesco should actively negotiate and settle issues within the U.N. framework. However, it is necessary to keep improving rules and, when the conditions are ripe, to explore a long-term, nongovernmental mechanism to coordinate the global media industry, something like a "media U.N." This can be a mechanism for global media exchanges and consultation, and it may evolve into an organization for coordination and maybe even arbitration. A sports analogy may help explain what I mean. Ping-pong, or table tennis, played a unique role in restoring China-U.S. relations in the 1970s and is known as China's "national sport." For many years, Chinese ping-pong players have taken the top prize in almost all major international events. This presents a paradox: The stronger a team becomes, the more it desires to maintain its position and keep improving. However, when a team is invincible for too long, few others are inclined to compete. In the long run, the sport in which China enjoys so much advantage will be less appealing, less viable, and may eventually be excluded from future Olympic Games. In fact, ping-pong has undergone a series of major rule changes over the past two decades. After the 2000 Summer Olympics in Sydney, the older 38mm balls were replaced by 40mm balls and the former 21-point scoring system was changed to an 11-point system. These changes, aimed at limiting the advantage of "super players," have made the sport more enticing to players from different countries. The theories of "checking superpower" and "maintaining equilibrium" also apply to the media. It is time to reverse the marginalization of developing nations in the media, change their underdeveloped status, and enhance their rights of expression in the international media market. To that end, a mechanism for international cooperation, exchange and coordination is needed, as well as an increase in funds and technical support for media from developing countries. Almost five decades after the discovery of the double helix, James Watson said in his book, "DNA: The Secret of Life," that the Human Genome Project found that human beings are similar in genetic makeup. Our common ground is far wider than any potential gulf that threatens to separate us. Information flow, like gene transcription and expression, plays a vital role in the evolution of civilization. Resetting rules and order in the international media industry is an adaptation to the trend of democratization of international relations. With diversified expression and information flow, we can mend the broken bridge of cross-cultural communication and build an information link to the future. Mr. Li is president of China's Xinhua News Agency.

构建世界传媒新秩序 美国《华尔街日报》6月1日文章 题： 新华通讯社社长李从军       第二次世界大战后，以联合国成立为标志，形成当代国际秩序。60多年来，国际社会始终努力建设一个更加均衡、公正、合理的国际政治经济秩序.     然而，我们不能不发现，相对于世界政治经济秩序的发展进程，国际舆论传播的秩序与规则，似乎大大落后于时代潮流了。这首先表现在极不均衡的国际传播结构状态上。信息传播主要呈从西方流向东方、从北方流向南方、从发达国家流向发展中国家的流通状态。     1980年，联合国教科文组织第21届大会上，曾论证世界新闻传播不均衡、不平等状况，并提出建立国际新闻传播新秩序。多年来，包括西方人士在内的越来越多的有识之士对不尽公正、合理、平衡的国际舆论传播秩序，提出质疑并呼吁改变。     是的，在相互依存的当代世界，人类共同体的确需要一种更 加文明的信息传播规则和秩序。因此想到我比较爱好的桥牌运动。现代桥牌称为定约桥牌。所谓定约，也就是合同。博弈过程就是一个“签订合同”的过程，有效而 智慧的信息传递，取决于公平条件下的协作沟通。而早期的桥牌，即“惠斯特”纸牌游戏，却不是这样。它的赌博色彩太重，没有“竞叫”，不利于信息的变换沟 通，后来逐渐改变了规则，才形成今天的现代桥牌。     可以认为，由于目前国际传播缺乏足够公平的 “定约”与博弈，现代信息流和国际舆论场的“桥” 正在发生某种断裂。这种状况与当今世界十分不相适应。不公正、不合理的国际舆论秩序不仅直接影响国际传播的可持续发展，而且在一定程度上也是造成当今世界 一些矛盾和问题的因素。要重构我们的沟通之桥，从而让信息舆论传播在人类文明进程中扮演更加积极的角色，我们需要共同努力，在传媒领域进行一次建设性的 “游戏规则”变革。       要实现价值理念的进一步变革，就应遵循如下四项原则（即FAIR观念）。     ——更加公平( Fairness)：就是一方面要实现各个地区和国家媒体以平等身份普遍参与国际传播进程的权利；另一方面，不同国家和地区的媒体对国际、地区和各国情况进行全面、客观、公正、平衡、真实、准确的报道，最大限度减少歧视和偏见。     ——更多共赢(AII-win)：就是要积极创造条件，让不同国家和地区的媒体共享信息传媒领域的发展进步，并在国际信息舆论传播中发挥积极作用，努力扭转“强者恒强、弱者愈弱”的发展失衡状况。     ——更大包容(lnclusion)：就是要维护世界的多样性，媒体要尊重各国人民在漫长的历史进程中创造的独特文化、传统、信仰和价值观，努力消除不同文明和文化间的疑虑与隔阂，加强对话交流，求同存异。     ——更强责任(Responsibility)：就是媒体机构既要确保新闻信息传播的公开性和透明度，推动建设开放社会，又要坚持新闻报道的理性和建设性，让舆论传播成为社会发展进步的积极力量。         我们还要不断完善规则，探索建立全球传播治理机制。一方 面，联合国教科文组织应更加积极地在联合国框架内协商和解决国际传播涉及的各种问题。另一方面，不断改进和完善规则，并随着条件的逐渐成熟，研究和探索建 立一种非政府性的全球媒体协调长效机制，姑且称之为“媒体联合国”。这可以是一种非实体性的全球媒体交流协商机制，也可以逐步发展为一种具有协调乃至仲裁 功能的机构。 对此，我们还是可以在体育运动中得到启示。曾经在中美关系史上发 挥过特殊作用的乒乓球，被称为中国的“国球”。多年来，在大型国际赛事中，中国运动员常常包揽全部金牌。这给中国乒乓球运动的发展带来一种悖论。一方面， 越是强大，就越想进一步保持和扩大实力；另一方面，一支力量独霸乒坛，长此以往，由于参与性可能不断萎缩，中国十分擅长的这项运动却可能逐渐丧失吸引力和 生命力，甚至有一天可能会退出奥林匹克舞台。事实上，乒乓球比赛的规则和制度安排在过去的二十多年中进行了一系列重要修改。特别是从 2000年悉尼奥运会之后，球的直径从原来的38毫米改为40毫米，每局分数从21分改为11分。这些调整都着眼于对“超级强手”的制衡，提高了各个国家 和地区运动员的参赛积极性。     力量制约与均衡原理同样适用于传媒发展。就国际传播格局 而言，当务之急是大力扭转广大发展中国家媒体在国际传播秩序中的边缘化趋势，大力改变发展中国家媒体相对落后的发展状况，大力增强发展中国家媒体在国际舆 论场上的表达权、话语权、传播权。为此，要通过国际合作、交流与协调机制，大力增加对发展中国家媒体的资金和技术支持。       詹姆斯•沃森在发现双螺旋结构近半个世纪后，在其著作《DNA：生命的秘密》中指出，基因组计划显示，人类是最相似的动物。我们之间的共通性远远大于足以把我们分裂开来的任何可能的鸿沟。       在文明的演进中，信息传播就像基因的转录和表达，发挥着 至关重要的作用。从根本上说，重建国际舆论场规则和秩序的核心在于，适应国际关系民主化趋势。在传播多元化与表达多样性的基础上，修补人类沟通之桥的断 裂，建造一座通向未来的信息之桥。（新华通讯社社长李从军）

8th Annual 北京网媒上海红色故土行 迎接建党90周年, Red Chinese Tech CEOs

Dear American stock investors in those Chinese internet/media companies such as Baidu, Sina, Renren, etc, what do you think their CEOs are doing? Are they communists? Wake up investors! 

Stock market is the center of the capitalism. Communism and capitalism don't mix and they are against each other.

How can Chinese Tech CEOs reconcile the gap between communism and capitalism? Do they have to dance with Chinese Communist Party? Do they dance with full faith or just put up a show? Why are they laughing? Yes, they are celebrating the formation of 90th anniversary of the founding of the Chinese Communist Party. Chinese Tech CEOs Pledge to Walk 'Red' Road

Sina CEO Charles Chao 新浪曹国伟 has very good reasons to laugh. He and his cronies just sold 1.25 M shares of shares based on SEC Schedule 13d/a filing. Sina stock price tanked. More management selling is on the way. (MBO management buyout)

Let's look at the history of CEO selling.

曹国伟连续套现 新浪管理层已不再是第一大股东 http://biz.caixun.com/content/20110609/NE02n8bl.html 再以曹国伟为例说明。新浪当时宣布以每股32.14美元的价格增发的管理层，受这一消息的刺激，新浪股价持续上涨，曹国伟借机以45美元的平均价套现了 50万股，然后拿这笔钱作为MBO资金的一部分，高卖低买之间将他手中的股票从1股变成了1.4股，新浪却因MBO定价过低在一个季度计提了1020万美 元的一次性损失。(this can be called insider-trading.)

除了这50万股外，MBO完成后的最近一年，曹国伟个人也有套现。他在2010年5月26日时还有13.5万股，到今年1月初披露时只剩下9.4万股，这其中还不包括他拿到的期权，所以其中至少减持了约4万股，他最近又因为拿了期权股票数量增加到了11.5万股。

6月8日向SEC递交的SC 13D/A文件披露，公司股东之一 New-Wave Investment Holding Company Limited(新浪投资控股公司)已与高盛旗下公司Goldman Sachs Financial Markets签订了一份远期出售交易(forward sale transaction)协议。根据该协议，新浪管理层已于6月3日签订协议，约定出售部分MBO股票，出售股份最多不超过125万份

Based on the sign in the background, this is the 8th annual celebration of the founding of the Chinese Communist Party. 北京网媒上海红色故土行 迎接建党90周年

6月8日，上海，曹国伟（左二）与李彦宏（右二）等一同拿起手中红色的旗帜挥舞。百度、新浪、搜狐、网易、千龙等北京30家网站的近80位高层管理人员齐聚中国共产党的诞生地上海，追寻一大足迹，共迎建党90周年。 CFP

北京网媒上海红色故土行 迎接建党90周年

20110608 6月8日，上海，Baidu CEO 百度CEO Robin Li 李彦宏代表网络媒体发表上海宣言。百度、新浪、搜狐、网易、千龙等北京30家网站的近80位高层管理人员齐聚中国共产党的诞生地上海，追寻一大足迹，共迎建党90周年。 CFP

北京网媒上海红色故土行 迎接建党90周年

2 6月8日，上海，Sina CEO Charles Chao 新浪CEO曹国伟发言。百度、新浪、搜狐、网易、千龙等北京30家网站的近80位高层管理人员齐聚中国共产党的诞生地上海，追寻一大足迹，共迎建党90周年。 CFP

北京网媒上海红色故土行 迎接建党90周年

6月8日，上海，百度CEO李彦宏（中）、新浪CEO曹国伟（右）参加上海红色故土行活动。百度、新浪、搜狐、网易、千龙等北京30家网站的近80位高层管理人员齐聚中国共产党的诞生地上海，追寻一大足迹，共迎建党90周年。 CFP

北京网媒上海红色故土行 迎接建党90周年

6月8日，上海，百度CEO李彦宏（中）、人人公司董事长兼CEO陈一舟（左）参加上海红色故土行活动。百度、新浪、搜狐、网易、千龙等北京30家网站的近80位高层管理人员齐聚中国共产党的诞生地上海，追寻一大足迹，共迎建党90周年。 CFP

北京网媒上海红色故土行 迎接建党90周年

6月8日，上海，百度CEO李彦宏来到一大会址内参观。百度、新浪、搜狐、网易、千龙等北京30家网站的近80位高层管理人员齐聚中国共产党的诞生地上海，追寻一大足迹，共迎建党90周年。 CFP

北京网媒上海红色故土行 迎接建党90周年

2011 6月8日，上海，新浪CEO曹国伟在一大会址内参观，还不时拿出手机拍摄。百度、新浪、搜狐、网易、千龙等北京30家网站的近80位高层管理人员齐聚中国共产党的诞生地上海，追寻一大足迹，共迎建党90周年。 CFP

Apple Inc New Site is not green at all, its underground self-parking could be fatal

Apple Inc New Site is not green at all, its underground self-parking could be fatal

Apple's new site in Cupertino. The red line will be the new site. Outer diameter of Apple Space Ship is over 1200 feet.

Steve Jobs visited Cupertino City Council on 6/7/2011 to discuss Apple Inc's new site. The new site looks great on a glance. Apple is moving close to a site owned by Foxconn, who is led by dictator Chairman Terry Tai-Ming Gou, sometimes written as Terry Guo, ( 郭台銘;  郭台铭). Those two companies can walk to each other's site to collaborate now.

Notwithstanding its bad acronym for Apple Space Ship, the new site is touted as green. Jobs said it will use natural gas to make electricity as the main source of power supply. The closest thing I can think of is the local company's fuel cell at Bloom Inc. I can safely say that natural gas fuel cell isn't necessarily more efficient than a coal power plant. You can also spot the solar panel in the above picture.

Another interesting part is parking will be underground. I assume that drivers have to drive to park themselves. The underground parking will need lighting 24/7. This wastes electricity. The biggest challenge is how to handle the exhaust from the tailpipes? Otherwise, lung cancers. Based on my estimation, the 9000-car underground garage will need to move 1 to 10 billion feet of air in and out of the garage per day. That is a lot of pumps and air. The closest thing I can think of is a diesel submarine which can consumes a few tons of diesel fuel a day.

For Apple's new underground garage 1 million cubic feet fresh air alone is needed to burn the gasoline per day. In a closed system, a pump can handle that 694 ft3/min airflow. There will be also carbon dioxide and other nasty exhaustion from the tailpipes. For CO2 alone, (CO2 in the air is now as high as 400 ppm v/v), on a static basis, 2.5 billion cubic feet fresh air free of CO2 is needed. I haven't even considered suspended particulates (PM 20), sulfur dioxide (SO2), and the nasty nitrogen oxides (NOs), other radical byproducts (such as HO.) produced in the gasoline combustion. Long term exposure to low level of those pollutants  has negative health effects. The worse case is lung cancer.

The next is estimation basis:

9000 cars parked underground
2 miles/hour speed in the garage
10 min drive time to drive
5 miles per gallon MPG at this low speed
600 gallon of gasoline will be burned inside the underground garage.
Stoichiometric air/fuel, weight 14.7
Air needed
14.7g/g*600gallon*6Lb/gallon*454g/Lb=24,000 kg~24 million liters~1 million ft3

5/6/2011 interest hike in China

China will raise its interest on 5/6/2011. It is not a question if, just when.

Stock market reaction, stock goes down big everywhere. The bloody May continues.

连伟舟 骗子 Wai Chau Lin=Fraud

连伟舟 骗子, even his name is a fraud.
What more do you need to say about Longtop Financial Technologies Ltd aka 东南融通

1. Its CFO quit on 05/19/2011.
2. Its uditor Deloitte Touche Tohmatsu resigned on Sunday 05/22/2011.
3. SEC is investigating.
4. Law suits to be followed by investors.
5. Its stock trading halted.

Nothing can be more wrong for a public company.

Who is Mr. Thomas Gurnee?

Mr. Thomas Gurnee has served as our independent director and chairman of our audit committee since January 2007. Since 2004, Mr. Gurnee has served on the audit and the compensation committees of eLong Inc. Mr. Gurnee has been the chief financial officer of GEM Services Inc. since 2006. Mr. Gurnee was the president of Globitech Inc. from 2001 to 2005. From January 2000 until December 2000, he served as the chief financial officer of Sohu.com, and served on Sohu.com’s board of directors and the audit committee until 2005. Prior to joining Sohu.com, Mr. Gurnee held several senior positions with Chartered Semiconductor Manufacturing Ltd., including president (North America), chief operating officer (Singapore) and chief financial officer (Singapore). Mr. Gurnee also spent thirteen years with Schlumberger Ltd. in various senior finance positions. Mr. Gurnee received a Bachelor of Arts degree from Stanford University and an MBA degree from Santa Clara University.



LTP
Longtop Financial Technologies Ltd   =东南融通
连伟舟 CEO of Longtop Financial
aka Wai Chau Lin
祖籍福建省龙岩市新罗区东城社兴人
DOB 11/22/1964
1964年11月22日生于上海市
1985年7月毕业于上海复旦大学计算机科学系信息科学专业
现为厦门东南融通系统工程有限公司总经理

His name is a fraud. What more do you need to say?

连伟舟 lists his signature as  Wai Chau Lin. Lin means 林 Wai means 外, Chau doesn't exist in Chinese Pinyin.

Is TAL Education Group a fraud as well?

Wai Chau Lin

also works as an Independent Director at

TAL Education Group 美国纽交所上市教育公司：XRS

Beijing

Sector: SERVICES  /  Education & Training Services

45 Years Old

Wai Chau Lin has served as our independent director since October 2010. Mr. Lin is a founder of Longtop Financial Technologies Limited, or Longtop, an NYSE-listed company, and has served as its director and chief executive officer since its inception in June 1996. He has over 21 years of experience in China?s IT industry. Prior to founding Longtop, Mr. Lin held various positions, including technology department manager, sales department manager, vice general manager and general manager, at Xiamen Xindeco Computer Company from 1985 to 1996. Mr. Lin has also won several industry awards, including Fujian Outstanding Young Entrepreneur Award, Xiamen Outstanding Young Entrepreneur Award and Fujian Software Talent Award. He served as the vice president of Xiamen Youth Chamber of Commerce and is currently a representative on the People?s Congress for the Siming District of Xiamen City. He was a visiting professor at the Software School of Xiamen University. Mr. Lin received his bachelor?s degree in Computer Science from Fudan University.