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Yahoo! and Alibaba Reach Agreement on Comprehensive Plan for Alibaba Stake

By Guest PostMay 20, 2012Technologyalibaba, alibaba group, China, e commerce company, goldman sachs, initial public offering, ipo, jack ma, joe tsai, michael callahan, monetization, ross levinsohn, tim morse, ubs investment bank, Yahoo, yahoo stake

Agreement Realizes Significant Value, Immediate Liquidity and Path to Future Monetization

Yahoo! Board Increases Share Repurchase Plan by US$5 Billion

SUNNYVALE, Calif. & HANGZHOU, China — Yahoo! Inc. and Alibaba Group Holding Limited today announced they have entered into a definitive agreement for a staged and comprehensive value realization plan for Yahoo!’s stake in Alibaba.

The first step is the repurchase by Alibaba of up to one-half of Yahoo!’s stake, or approximately 20% of Alibaba’s fully-diluted shares. The purchase price will be based on a valuation of Alibaba to be established through equity financings that Alibaba intends to undertake to finance the transaction, subject to a floor valuation of approximately US$35 billion. The agreement includes substantial financial incentives for Alibaba to raise the additional equity at a valuation higher than US$35 billion. At the minimum price and assuming the initial repurchase of the full 20% stake, Yahoo! would receive from Alibaba consideration of approximately US$7.1 billion, composed of at least US$6.3 billion in cash proceeds and up to US$800 million in newly-issued Alibaba preferred stock. (more…)

Mather Lecture

By Guest PostMay 14, 2012Environmentatmosphere, atmospheric moisture, biodiversity, charles j vörösmarty, China, climate change, computer model, cort willmott, deforestation, Europe, geospatial data, global water crisis, hydrology, India, industrializing place, john r mather, mather lecture, nancy targett, natural water systems, nitrogen pollution, noaa, river, sandra mather, stress, thermal regime, united states, university of delaware, water cycle, water management

Renowned expert Charles J. Vörösmarty addresses global water crisis

The world’s streams, rivers and lakes are under increasing stress because of human water management – and mismanagement – that threaten aquatic biodiversity and the water supply, Charles J. Vörösmarty said recently during the second annual John R. Mather Visiting Scholars Lecture.

Vörösmarty, professor of civil engineering with the City College of New York, presented “Global Water Crisis: The Slippery Slope” on May 3 at the University of Delaware’s Roselle Center for the Arts.

“The contemporary water system is really defined increasingly by the actions of humans,” he said. (more…)

Spy Hackers

By Guest PostMay 5, 2012Politicsafghan president, afghan war, afghanistan, al qaeda, america, american espionage, american intelligence policy, Barack Obama, battlefield strategy, China, chinese hacker, digital age, george w. bush, hamid karzai, intelligence historian, iran, lies, matthew aid, middle east, north korea, osama bin laden, pentagon, russian linguist, sneaky guys, somalia, spies, spy hackers, university of delaware, us intelligence, yemen

Intelligence historian cites changing focus of American espionage

In the spy trade, predicting the future is a risky business at best, but experts believe that America’s intelligence efforts will focus on Iran, North Korea and China.

Matthew M. Aid, intelligence historian and expert on the National Security Agency, discussed the forces driving this emerging strategy during a talk on Wednesday, May 2, in Mitchell Hall.

Aid’s talk, “The Future of Intelligence and Espionage,” concluded the spring 2012 Global Agenda speaker series “Spies, Lies and Sneaky Guys: Espionage and Intelligence in the Digital Age.” (more…)

Q&A: Economic ‘Prophet’ Now Showing Classes How Theory Translates into Practice

By Guest PostMay 3, 2012Economyaleh tsyvinski, american goods, asia, China, economic, economic system, economist, Europe, france, Germany, global economy, globalization, Greece, ireland, italy, jackson institute, japanese economy, jeff garten, lessons of japan, macro debate, macroeconomics, michael marsland, minister of finance, morgan stanley asia, portugal, practice, prognosis, prophet, rick levin, school of management, som, spain, stephen roach, the next china, theory, united states, Wall Street, world economy, xiang huaicheng, yale

Stephen Roach is a respected authority on Asia — China in particular — and an often-cited and widely recognized prophet on the global economy.

Until recently chair of Morgan Stanley Asia and long the firm’s chief economist, Roach came to Yale in 2010 as a senior fellow in the newly inaugurated Jackson Institute for Global Affairs, with a joint appointment at the School of Management (SOM). This spring Roach announced he would be retiring from Morgan Stanley after 30 years with the firm to teach full time at Yale.

YaleNews recently met with the economist in his office to discuss his new career as a teacher and to get his prognosis on the future of the world economy. (more…)

Researchers Give Long Look at Who Benefits From Nature Tourism

By Guest PostApril 28, 2012Environment, Naturebeauty, change, China, christine vogt, governmental official, guangming he, habitat management, junyan luo, kenneth frank, michigan state university, Nature, nature based tourism, panda preserve, social connection, southwestern china, tourist, wei liu, wolong nature reserve

EAST LANSING, Mich. — Using nature’s beauty as a tourist draw can boost conservation in China’s valued panda preserves, but it isn’t an automatic ticket out of poverty for the human inhabitants, a long-term study at Michigan State University shows.

The policy hitch: Often those who benefit most from nature-based tourism endeavors are people who already have resources. The truly impoverished have a harder time breaking into the tourism business. (more…)

IBM Survey Reveals Digital Behavioral Trends for Consumers: What is your Digital Personality?

By Guest PostApril 16, 2012Technologyanalytics, China, consumer, digital device, digital personalities, france, Germany, ibm, Japan, market, Media, nab conference, payment, saul berman, study, united kingdom, united states, web

*Media & Entertainment Providers Must Practice New Rules for Engagement, Digitizing Content is Not Enough*

ARMONK, N.Y. – 16 Apr 2012: A new IBM study of the media and entertainment market, reveals that as consumers adopt an increasing number of digital devices, four distinct new “digital personalities” are emerging. This shift is compelling companies to adopt more innovative business models that deliver personalized experiences. (more…)

Which Plants Will Survive Droughts, Climate Change?

By Guest PostApril 9, 2012Environmentagaves, alahee, cacti, california, carbon dioxide, cell level loss, chaparral shrubs, China, christine scoffoni, climate change, desert plants, drought tolerance, ecosystems, extinction, faith inman narahari, hawaiian drought, lawren sack, megan bartlett, photosynthesis, plant species, psydrax odorata, sandalwood, santalum paniculatum, stiff cell wall, stomata, sunflower, tropical botanical gardens, turgor loss point, turgor pressure, xishuangbanna, yuccas, yunnan

New research by UCLA life scientists could lead to predictions of which plant species will escape extinction from climate change.

Droughts are worsening around the world, posing a great challenge to plants in all ecosystems, said Lawren Sack, a UCLA professor of ecology and evolutionary biology and senior author of the research. Scientists have debated for more than a century how to predict which species are most vulnerable.

Sack and two members of his laboratory have made a fundamental discovery that resolves this debate and allows for the prediction of how diverse plant species and vegetation types worldwide will tolerate drought, which is critical given the threats posed by climate change, he said. (more…)

Berkeley Lab Study Shows Significantly Higher Potential for Wind Energy in India than Previously Estimated

By Guest PostMarch 29, 2012Environmentamol phadke, berkeley lab, China, electricity, gw, India, jayant sathaye, julie chao, mnre, potential, ranjit bharvirkar, renewable energy, united states, western india, wind energy, wind power

A new assessment of wind energy in India by Lawrence Berkeley National Laboratory has found that the potential for on-shore wind energy deployment is far higher than the official estimates— about 20 times and up to 30 times greater than the current government estimate of 102 gigawatts. This landmark finding may have significant impact on India’s renewable energy strategy as it attempts to cope with a massive and chronic shortage of electricity.

“The main importance of this study, why it’s groundbreaking, is that wind is one of the most cost-effective and mature renewable energy sources commercially available in India, with an installed capacity of 15 GW and rising rapidly,” says Berkeley Lab scientist Amol Phadke, the lead author of the report. “The cost of wind power is now comparable to that from imported coal and natural gas-based plants, and wind can play a significant role in cost effectively addressing energy security and environmental concerns.” (more…)

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