Tuesday, November 1, 2011

The October flooding in Thailand could affect the rice market and may hold it in an uptrend into early 2012


The October flooding in Thailand could affect the rice market and may hold it in an uptrend into early 2012. 

Thailand is currently facing its worst flooding in 60 years; the Thai government estimates the nation may lose 25% of the main rice crop to flood waters. 

 The flooding has also affected the rice crops of their neighboring countries; this year flooding has damaged 6% in the Philippines, 12% in Cambodia and 7.5% in Laos, according to the UN Food & Agriculture Organization.

In addition dry weather in the U.S. has cut production there, U.S. rice production normally accounts for more than 10% of the global rice trade. 

Global rice prices may move up further in the next few months as flooding in Thailand continues to affect crop production and damage existing inventories.

Wednesday, October 19, 2011

The Party: The Secret World of China's Communist Rulers by Richard McGregor




The Party: The Secret World of China's Communist Rulers by Richard McGregor


I have been a business consultant helping Americans to do business in China for over eleven years, over this time period I have read many books on China and I must say that this book by Richard McGregor is one of the most well written books I have read on the subject.


McGregor did an incredible job drawing from his eight years in China as correspondent for The Financial Times, to be able to demystify how the Chinese Communist Party operates, giving us a detailed look at how they influence the Chinese economy, military, and local governments.

The book is very much about the Chinese Communist Party today, but McGregor does a great job pulling from Chinese history to illustrate the nature of the Party and how it is able to adapt and reinvent itself over time.


This book should be read by anyone doing business in China, this book should be a MUST read for US Government Officials when they are creating China policy.

Friday, April 29, 2011

The Futures, written by Emily Lambert, a senior writer at Forbes magazine


The Futures, written by Emily Lambert, a senior writer at Forbes magazine.

 The Futures is a good book, especially if it is your first book into the history of the Chicago Exchanges. Emily Lambert does a good job at laying out some basic history of the exchanges and she organizes the chapters by commodity which is convenient. She makes the subject matter interesting by going through the list of the usual suspects, to her credit she also comes up with some people we don’t hear from much anymore like Maury Kravitz, she also describes his hunt for Genghis Khan’s treasure ,which I always thought was cool. What made the book interesting for me was that one of the characters in the book is Bill Henner a 3rd generation trader who happens to be a friend and a business associate of mine, It was nice to see him in the book.

Overall, It is a good book, though I wish it was a bit more balanced; She had the cigar smoke and pinky rings scene down, but I was hoping that she also included the positive aspects of what the Exchanges have to offer and the people who have dedicated their careers to working in them.

Wednesday, April 6, 2011

Zero-Sum Game: The Rise of the World's Largest Derivatives Exchange






Zero-Sum Game: The Rise of the World's Largest Derivatives Exchange

Zero-Sum Game is a well-written and very informative book. The author, a former Chicago Board of Trade (CBOT) employee Erika Olson, does an excellent job describing the merger of two bitter rivals; the Chicago Board of Trade and the Chicago Mercantile Exchange and the multibillion-dollar bidding war between the Chicago Mercantile Exchange (CME) and the InterContinentalExchange (ICE) for control of CBOT. Olson also does a great job interweaving the history of the exchanges, the mechanics of the exchanges and giving us amusing insight to the Who’s who of the industry, all in a very easy to read format.

Being involved in the industry I was drawn to the book, I thought I was buying a book that would provide me insight to the history & cultures of the CBOT and the CME; I never thought that I was also buying a thrilling page turner which the book turned out to be! 

This book is a must read for anyone in the futures industry, I would also recommend this book to anyone interested in the politics of a merger.

Thursday, March 3, 2011

Harbin 哈尔滨


Harbin 哈尔滨

As my flight from Hong Kong was descending into Harbin’s Taiping International Airport on a cool late summer afternoon, I could see the flooded river planes below, it reminded me of the American Midwest with tributes of the Mississippi River flowing over its banks, it reminded me of my homeland, and I felt an instant connection to the land.

Harbin is located in Northeast China, it is the capital city of Heilongjiang Province, Harbin was once under Russian rule and the city is still influenced by its Russian past.Harbin is originally a Manchu word meaning "a place for drying fishing nets".

Harbin has very cold winters and is often called "Ice City"; it is well-known for one of the world’s largest ice sculpture festivals held here every winter. The average temperature in summer is 21.2 degrees Celsius and −16.8 degrees Celsius in winter.

Like many places in China, this city is filled with the energy of a growing economy with buildings going up, shopping malls opening for business and financial firms advertising on every street. I enjoyed many things in Harbin, the architecture, the cuisine, the universities, and the people. I believe what makes Harbin special are its people, they are filled with passion, often very friendly and open hearted. I left this city looking forward to my future return.

I believe to understand the local culture it is a must to experience the local cuisine, some dishes I suggest to try in Harbin are:

Harbin Smoked Sausage (哈尔滨红肠; Hāěrbīnhóngcháng). This type of sausage is unique to Harbin, it is very popular with locals and it is sold everywhere, the flavor is more European than Chinese.

Lamb Dishes are served in various forms all over town, if you like lamb you will not find a bad dish in Harbin. I eat lamb BBQ on the street and I had lamb dishes in restaurants they all were delicious.

Harbin Spring Rolls (春饼 or 卷饼; Chūnbǐng or Juǎn bǐng). a tasty wrap of potato strips, cucumber, sausage and egg all with a spicy sauce.

Russian Breads Harbin's bakeries are famous for their bread “lie-ba” in the local dialect, derived from the Russian word “khleb” for bread.

I enjoyed some good meals while in Harbin, one of them was with two local Univerisity students, we eat at a local Korean BBQ restaurant, the food was good and they both were very friendly and they give me great insights into life in Harbin and the region.

I had a wonderful meal with a Russian woman who works with me, we ate at the Cafe Russia (露西亚西餐厅), (Near the Flood Control Monument of Zhongyang Dajie). The owner is half Chinese/ half Russian; they have created a fantastic atmosphere with elegant furniture, tasteful music, a working grandfather clock and a display to commemorate one of the last White Russians who lived in Harbin. The name in Chinese is 'Luxiya' i.e. Lucia -> 'Rossiya' (Russia).

To get a good feel for Harbin, I suggest visiting these places:

Zhongyang Dajie (中央大街; Zhōngyāngdàjiē; lit. Central Avenue), (Runs from Jingwei Jie to Stalin Park at the river) is cobblestone lined pedestrian street that is a virtual museum of European architectural styles, including Baroque, Byzantine, and Jewish architectural with many international themed shops lining the street.

St. Sophia Cathedral (圣索非亚教堂; Shèngsuǒfēiyàjiàotáng), (In Daoli District on the corner of Zhaolin Street and Toulong Street). Was once a Russian Orthodox Church, it took nine years to build and was completed in 1932. It has now been made into a museum as a showcase of the multi-cultural architecture of Harbin.

The Siberian Tiger Preserve (老虎公园; Lǎohǔgōngyuán), I found this place to be very interesting, its not a place for people who are not use to seeing tigers eat live animals. There are hundreds of tigers in this park and a few lions. There is a bus you can ride with metal caging around it. The ride is about an hour long and while on the bus you can purchase strips of meat to feed the tigers. Also there are live chickens, ducks, goats and even cows that you can purchase and they feed to the tigers.

Dragon TV Tower (龙塔; Lóngtǎ). It is the tallest steel structure in northeastern Asia. There is a revolving restaurant on top with views of the city.

Sun Island (太阳岛; Tàiyángdǎo), On the banks of the Songhua River, it can be reached by ferry boat. The park is very Chinese in nature with a cage full of squirrels, a petting deer zoo, go carts, and a pond that is full of turtles. I found this to be a great place to people watch.

Temple of Heavenly Bliss (极乐寺; Jílèsì), Dongdazhi Street (东大直街; Dōngdàzhíjiē) (In the eastern part of the city). Is a large and active Buddhist temple

The Harbin Institute of Technology 哈尔滨工业大学; is a research university and is involved in China’s space program.


I see great things for Harbin’s future; I hope I have the opportunity to return there some day soon.

Monday, February 28, 2011

A Gift to My Children by Jim Rogers



A Gift to My Children: A Father's Lessons for Life and Investing.
Legendary investor Jim Rogers co-foundered the Quantum Fund with George Soros in 1970; then he retired at the age of 37, he spent a number of years traveling the world by motorcycle and later traveling the world with his wife by car. He has taught at Columbia University and authored the best selling books: Adventure Capitalist, Investment Biker, Hot Commodities, and a Bull in China.

In A Gift to My Children, Jim Rogers writes about how to learn from our own achievements and our own mistakes in order to achieve a successful well-lived life. I am always amazed when he admits a mistake and then makes a great lesson from it. If you have read his other works you will see some of his basic principles again; think for yourself, see the world, be persistent, focus on what you have passion for, and trust your own judgment.

I found this short book an enjoyable read, there are lessons in life for all of us in this book, people familiar with his work will quickly recognize his down to earth easy to read style of writing but this time he adds paternal love and protectiveness to it. This book is very touching, I hope that Jim Rogers' daughters will be proud that their father not only took the time to write a book for them but also put his heart into it.

Having met Jim Rogers and his daughter Baby Bee in their Singapore home, I can say this man lives as he preaches and if you have ever listen to him speak you would be able to hear his words ring true in this book, I believe you would find this book a valuable read if you are an investor or just a parent who would like to pass along wisdom to your children.

Wednesday, February 9, 2011

The AirLink 101 ANAS350 NAS


The AirLink 101 ANAS350 External Hard Drive Enclosure provides a cost-effective network attached storage solution (NAS).

It is specifically designed for small office and home office needs, providing a reliable and centralized data storage solution, with it you will be able to access your shared files from any desktop or laptop within your network.

The setup is easy, create a root folder or an individual folder and use the CD-ROM to create a drive letter for it on any computer needing access to the NAS.

It has a maximum of 20 user accounts, the various options are; a shared folder which can be accessed by anyone and private folders which can only be accessed by each user. You can specify the disk space for each folder; each user must have a username and password.

The Office NAS is a Samba server; Samba provides file and print services for various Microsoft Windows clients and can integrate with a Windows Server domain, either as a Primary Domain Controller (PDC) or as a domain member. It can also be part of an Active Directory domain.

A few more positives are:

1) It uses FAT32 for the hard drive so if something goes wrong, you can use a Windows recovery tools to retrieve your data.
2) There is more than one way to connect to it; it has a USB 2.0 port to directly connect to a computer for extra storage and an RJ45 jack to use as an NAS on the network.
3) It has built in Samba, FTP and DHCP.
4) It has a drive down setting. 0 means the drive is always on and you can set it to power down the drive when it’s not in use for a specific time period to save energy and extend the life of the hard drive.
5) It can media stream to client computers, so no wait time on downloads.

There are a couple negatives/limitations for example its only 10/100mbps (network speed) and there is no “Read Only” type protection from users deleting files that they have access too.

I bought the Office NAS by Airlink101 about two years ago, I know that seems like a long time to wait to write a review but I am writing the review now because recently a few people have asked me about an easy to use inexpensive storage solution and this is one of the solutions I use.

The Office NAS by Airlink101 has been a good stable product for me, I have a 500 Gig hard drive in it which is fine for my needs, if you are going to use it for media streaming I suggest getting a larger hard drive. I use it in a mixed environment of various Windows products and a Mac without any issues and it is very inexpensive, I believe I paid less then $200 for the complete set up plus an hour of my time. I can leave the Airlink NAS on 24/7 , I have the time to power down without activity set to 20 minutes; this saves on energy usage and extends the hard drive’s life. And It is mobile I have moved it from Chicago, to Shanghai and now to Hong Kong with out any issues.

Below is the link the Airlink website as well as the specs they list for the NAS.

http://www.airlink101.com/products/anas350.html

The technical specs:
Features/Specifications:
• AirLink 101 3.5-inch USB 2.0/RJ-45 Ethernet NAS External HDD Enclosure
• General Features:
• Advanced File Backup & Sharing for your Home or Small Business
• Network Attached Storage Solution
• Aluminum Housing for excellent heat dissipation
• Compatible with 3.5-inch IDE or SATA Hard Drive
• Supports up to a 1 TB Hard Drive (verified by in house test, requires firmware upgrade, see link below)
• Network file storage and sharing via My Network Places in Windows or Samba in Linux and Mac OS (v10.3 or later)
• USB 2.0 Hosts support up to two (2) USB 2.0 devices, including additional storage on USB flash drives
• Synchronizes backup files via USB 2.0 host
• 10/100 RJ-45 Fast Ethernet Connection
• Easy Setup for SMB / FTP Servers
• Advanced FTP Account Management
• Compliant with Windows backup utility
• Supports IP assignment for DHCP and Static IP
• Supports HDD sleeping mode for power saving
• File Type: FAT16/FAT32/EXT2/NTFS (read only)
• Standard Conformance: 10/100 Base-TX Auto MDI/MDI-X
• SDRAM: 32 MB
• Flash: 4 MB
• Power, LAN, HDD RW, HDD Status, USB1, USB2, Status/Backup LED indicators
• IDE Controller: Ultra DMA 133
• Backup, Shutdown, Reset buttons
• Humidity: Operating: 10~90% (non-condensing), Storage: 0~95% (non-condensing)
• Temperature: Operating: 0° ~ 40°C, Storage: -20° ~ 70°C
• RJ-45 Ethernet cable included
• Hardware included
• Lead-free
• I/O Ports:
• Two (2) USB 2.0 ports
• One (1) RJ-45 Ethernet jack
• One (1) On/Off button
• One (1) Power input
• Power Specifications:
• Enclosure Input: 12V / 4A
• Power Adapter Input: 100-240V~50/60Hz, 1.2A
• Power Adapter Output: 12V, 4A, 48W
• Dimensions:
• 2.04 x 5.9 x 8.5-inches (H x W x D, Approximate)
• Regulatory Approvals:
• CE
• FCC
• WEEE
• RoHS
Package Includes:
• AirLink 101 3.5-inch USB 2.0/RJ-45 Ethernet NAS External HDD Enclosure
• Quick Installation Guide
• Vertical Stand
• External AC power adapter
• Power cord
• Installation CD (Utility, User Manual, Quick Installation Guide, Adobe Acrobat Reader)
• 3-foot RJ-45 Ethernet cable
• Four (4) screws
• Four (4) rubber feet
Additional Information:

• Notes:
• Model: ANAS350
• Support for up to 1TB drives require firmware update
• UPC: 6 58729 08324 0
• *Mac v10.3 or later
• Product Requirements:
• Available power outlet
• Available RJ-45 port
• Available CD-ROM drive
• 3.5-inch IDE or SATA hard drive up to 1 TB
• PC Requirements:
• IBM compatible PC with 266 MHz or faster processor
• Microsoft Windows 98SE, ME, 2000, or XP
• Mac Requirements:
• Mac OS 9.2 or later
• Power Macintosh G3 or later
Information Links:
• AirLink 101 Specifications
• User Manual (PDF)

Driver Links:
• Download Page: