Team had a very productive session with Java Domain Architect this afternoon

February 26th, 2013 by Terrence Miao No comments »

Developers fed a lot great ideas how to design bullet-proof applications, refactor existing spaghetti or lasagna codes, better test practice … At the end, we found out it's urgent whole I.T. department needs a development guideline.

Our Java Domain Architect took a serious time pondering on the proposal then said:

"Because the Project Managers control the budget and resources, for most time your PM is your guideline."

Just brilliant.

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Getting up at 5 o'clock in the morning wouldn't be called lazy

February 26th, 2013 by Terrence Miao 16 comments »

After a hot-water shower and long time missing full size breakfast, checking world stock markets which is another disaster day in Wall Street after Italy election result sending earthquake around the world, I'm ready to go to work before 7am. 

But it's too later …

Looking outside of my place, I'm shocked that cars already have been packed up from train station 5 km away up to my doorbell. Good weather condition, rain pouring down which is very good for thirsty garden and run-out-at-bottom water tank, but it's bad for traffic making even worse that everyone wants to rush to the main road in a comfy car.

So have to trapped myself at home waiting for traffic a bit easier. Searching for live traffic report and find out that Google Maps already offers this service. 

Question raised how the hell Google could manage to do this?

Check: live traffic report melbourne

» Read more: Getting up at 5 o'clock in the morning wouldn't be called lazy

"I'm happy being paid in Australian dollars for the next 10 years,"…

February 25th, 2013 by Terrence Miao 4 comments »

"I'm happy being paid in Australian dollars for the next 10 years," he said, noting that "the Australian economy is being punished for its virtue".

AUSTRALIA has joined the CASSH economy and it's good news for inbound investment, according to Blackrock's global chief investment strategist Russ Koesterich. He named Canada, Australia, Singapore, Switzerland and Hong Kong as developed countries whose economies had performed well through the global financial crisis.

"You can also include New Zealand and Norway but I couldn't work out where to put the letters," joked Mr Koesterich, who ranks those countries alongside lower-cost developing countries as a likely target for global investors.

He particularly likes their low gross public debt and the fact in all of them fiscal deficits averaged less than 1 per cent in 2010, as against an average of 7.5 per cent in Europe, the US and Japan.

But he's not so keen on the US, he says, because of the likely dampening effects of fiscal drag, where more people are going to find themselves paying higher rates of tax, as their earnings recover, to help reduce the country's massive sovereign debt.

"Some of the near-term risks have shifted from Europe to the US," he said, noting the US probably would be "more resilient than the UK but growth in the US may disappoint because of drag".

Two area of surprise in the US-based expert's presentation this week were that he didn't expect a bust in the US bond market despite the very low yield of Treasury bonds and he didn't expect the Australian dollar to lose much ground even after the US Federal Reserve stopped its quantitative easing program.

"I'm happy being paid in Australian dollars for the next 10 years," he said, noting that "the Australian economy is being punished for its virtue".

» Read more: "I'm happy being paid in Australian dollars for the next 10 years,"…

Quote of the day – "Enter our hero

February 22nd, 2013 by Terrence Miao 11 comments »

Bernanke steps in, dressed in shining white robes and then, with one smooth fluid motion, reaches over to the keyboard to press enter. Another one trillion dollars created, just like that."

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OK, glass, open the door

February 22nd, 2013 by Terrence Miao 7 comments »

Read more: http://www.google.com/glass/start/what-it-does/

» Read more: OK, glass, open the door

Thank you very much Russ Koesterich, BlackRock's global head of investment…

February 21st, 2013 by Terrence Miao 2 comments »

Thank you very much Russ Koesterich, BlackRock's global head of investment strategy. After your "great" speech yesterday, Australian Stock Market tumbled 2.5% today, tipped over from 55 months high!

Run, Forrest Run …

Embedded Link

Share correction likely after recent jump: BlackRock – ABC News (Australian Broadcasting Corporation)
Global asset management giant BlackRock warns that the current share rally is unsustainable while fundamental economic problems remain unresolved.

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Countries will act within bands based on their options and status, but no one country…

February 21st, 2013 by Terrence Miao 2 comments »

Countries will act within bands based on their options and status, but no one country will take the same tack at the same time because of their different economic positions. In other words, a country can’t merely turn on a switch and start a currency war of the sort people are talking about. Some don’t want to, others cannot and the rest are constrained in how they can act.

And while disruptions may happen from time to time, equilibrium is more likely to set in as each country responds slowly. So the currency game will play out in slow motion as each country adopts its preferred approach.

Embedded Link

‘Currency War’ Is Less a Battle Than a Debate on Economic Policy
Big countries are responding to their own economic downturns by easing monetary policies, but emerging market economies cannot respond with similar effectiveness.

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Any Two Pages on the Web Are Connected By 19 Clicks or Less

February 20th, 2013 by Terrence Miao 2 comments »

The web is comprised of an estimated 14 billion web pages and 1 trillion web documents.

According to a Hungarian physicist Albert-László Barabási, it takes 19 steps or less to connect any random page to any other random page. And what’s more, no matter how big the Internet gets, the connection will stay the same.

Read more: http://blogs.smithsonianmag.com/science/2013/02/any-two-pages-on-the-web-are-connected-by-19-clicks-or-less/

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