Berno: The Obama Administration maintains a very difficult hybrid stance towards restoring faith in the US financial industry without much success. America has long championed faith in the hands of the free market. However, the Federal Reserve was repeatedly forced to prop up crippling financial institutions like Citigroup and AIG from collapse with massive public funds injection without outright public ownership (ie nationalisation).
The article below takes a step back and examines the China Government’s direct and forceful approach to support their economy when the invisible hand of markets gives up.
“The visible hand of Beijing might look excessive to people in the West, but many Chinese are pleased to see the government intervene and feel it will win time for China to ride out the global crisis. Elsewhere around the world banks are unwilling to lend and the U.S. Federal Reserve has had to bypass commercial banks to lend directly to corporations. Beijing just needs to send out a few directives and the banks do their bidding — Chinese banks posted a record 1.62 trillion yuan in new loans in January, already one-third of the total extended in 2008. “
Continue reading “When the invisible hand fails, try China’s ‘two hands’“.(Forbes)
Over the weekend, the Microsoft Research website was given a new coat of paint. The new home page features a cleaner information layout and two Microsoft Research Asia (MSRA) researchers interviews with Drs. Guo Baining and Zhang Dongmei.
- Dr Guo Baining (Interview: Microsoft Research Asia’s Guo Discusses the Future of Graphics) is a computer graphics researcher and also the Assistant Managing Director of the Beijing lab. In his interview, he shared about his passion for geometrical modeling which led him into computer graphics, his Microsoft Research experience and also discussed Internet Graphics group future research directions.
Zheng Yantao (NUS) received the 2008 Fellowship Award from Hon Hsiao-Wuen (MD, MSRA) during the Singapore 21st Century Computing Conference. Dr Su Guaning (NTU) and Prof Tan Eng Chye (NUS) witnessed the ceremony.
This years 4 winners from Singapore and Australia top universities received the Microsoft Research Asia Fellowship award after undergone a highly competitive and stringent process. These students received an open internship invitation to Microsoft Research Asia, a cash award and a commemorative plaque.
Congratulation to ALL our 2008 MSRA Fellowship winners across Asia Pacific.
11 Nov 2008: Click here for the 2008 Singapore 21st Century Computing Conference summary and pictures.
This week, Microsoft Research Asia celebrates our 10th Anniversary with two major celebrations in Beijing and Singapore. The celebration kicks off with the Microsoft Research Asia Faculty Summit, Beijing Computing in the 21st Century (held in Peking University) and Innovation Day in Beijing. This coming Friday, 7 Nov 2008, Singapore will host the second leg of the Computing in the 21st Century Conference (21CCC) at Hall 601, Suntec City Convention Centre.
The Singapore event speakers line-up consist of:
Computing in the 21st Century is an academic conference held by Microsoft Research Asia supported by the Agency for Science, Technology and Research (A*STAR), Nanyang Technological University and the National University of Singapore. This event is targeted at researchers, academics, students and ICT trends/ research/ education policy decision makers.
For close to ten years, the conference has welcomed Turing Award recipients, famous Microsoft scientists and well-known scholars from all over the world to share their vision on the future of computing and exchange ideas with the innovative minds of China and Asia.
The conference Guest of Honour is RADM(NS) Ronnie Tay (CEO, Infocomm Development Authority, Singapore) and the event will also be opened by Dr Su Guaning (President, Nanyang Technological University) and Prof Tan Eng Chye (Deputy President & Provost, National University of Singapore)
Download Event Flyer. To register for the conference, please visit this link.
To find out more about this conference, please visit http://research.microsoft.com/asia/21stcomputing/2008/ENindex1_1.html
Microsoft Research Asia released a book (“Innovation Together” ISBN 978-0-387-87860-7) which contained papers previously published in respected journals to coincide with its 10 Year Anniversary celebration. These papers compiled by the University Relation team is a testimony of Microsoft Research Asia’s collaboration with the Asia Pacific academic community.
Click on the images for expanded view.
(I got a mention in the Editor’s forward!)
John Warren (my manager) wrote an article about the life as a University Relations (UR) manager on Microsoft Research Asia web site. In the article, he describes about various UR programs, the multi-facets engagements and the challenges this role entails.
Inside the article he discussed about:
- MSRA “theme projects”
- Internal (Public Sector, Legal and Corporate Affairs) and external customers (from research institutions and sometimes government agencies)
- The amount of legal agreement negotiation and review we undertake for each joint research projects (it’s not funny, trust me)
- The reasons why he enjoys his role as a UR manager
If you are interested to get a snap shot of what I do, check out John’s article “A week in the life of a University Relations Manager“
Last week, Zhou Minliang, a Research Fellow from the Chinese Academy of Social Sciences wrote an complimentary article about Microsoft Research Asia’s role in the development of China’s R&D capabilities. The article (微软亚洲研究院带给我们什么 – literally What has Microsoft Research Asia brought us) appeared in China’s Scientific Times (科学时报).
In the article, Mingliang applauded lab’s advancement computing and Bill Gate’s decision to open the lab in China. The lab’s creation has developed deep inroads to the Chinese’s psyche and brought upon great sense of pride and self-belief. He also described the lab’s dynamic and open environment as the key that foster creativity among its researchers in the midst of China’s transformation to a knowledge based economy.
Dr HUA Xian-Sheng, a lead reseacher from the Internet Media Group (Microsoft Research Asia) was awarded the 2008 MIT Technology Review Young Innovator prize. This award is given in recognition of Hua’s work in the content-based video analysis.
The amount of video on the Web is growing at an incredible rate. Effectively searching online video, however, remains difficult.
Hua hopes to crack the problem by teaching computers to recognize objects, scenes, events, and other elements of digital images. He uses machine-learning techniques and annotated videos to train computers to automatically categorize new videos. Click here to view a flowchart explaining Hua’s video search system.
Po-faced guards and grim-looking officials give many Beijing Olympic viewers and audiences the idea that the Chinese are a people without a sense of humour.
But despite strict control of the internet to censor out sensitive topics, irreverent websites, emails and text messages about the Games and the country’s politics abound.
Those tired of Games overkill and the heightened security that has made normal life difficult in Beijing are being advised to take an “avoiding Olympics package” (bi yun tao) holiday, a phrase that also sounds like the word for condom.
“Bi yun“, means contraception, or avoiding pregnancy, in Mandarin, but in a play on words the same pronunciation is now used to mean avoiding the Olympics, as “Ao yun” means the Olympic Games.
Read the entire article “2012 Games to be held in Beijing too” (SMH)
BERNO: I’m in favour of having the Olympics in Beijing. The event has performed an amazing catalyst role to transform China inside out, helping to promote greater cultural understanding between China and the rest of the world.
Last evening’s Beijing Olympics Games Opening was simply spectacular. Incredible details packed into a massive display of Chinese heritage and advance outdoor display technology on the main field and around the top of the “Bird Nest” stadium.
I am particular fond of the spotlight on the four Chinese inventions (Papermarking, Moveable-type printing, Compass and Gunpowder) woved together into the scroll as a common theme. These themes highlights the long history behind the Chinese civilisation. It truly instills a sense of pride among all ethic Chinese and a marvelous showcase of the human spirit.
No doubt at the back of my mind, there is a voice that whispers, “This could be the dawn of a new world order.”