Another prominent China-based observer, Michael Pettis, goes even further, raising question marks about the listing of any American corporation that derives a significant share of its profits from China.
FORBES: In SEC Action Against 'Made-in-China' Stock Scams, A Second Shoe Drops
In China, Deng currently thinks the fall in share prices of SINA Corporation (SINA) constitutes a buy.
Maruti Suzuki, a joint venture between Maruti and Japan's Suzuki Motor Corporation, has a 50% share of India's booming car market.
Yet the more recent study, from the Scottish government says that transferring more than 6% of total tax revenue to Holyrood (that's the share of revenue from corporation tax at present) would only raise income by a total of 1.4% after 20 years, and that's with a cut in the rate.
As for the corporate embrace of innovation: before we give in to temptation, and dismiss these efforts as cynical platitudes, consider the following: what if a senior leader within a large company decided she genuinely wanted to innovate, to try to get a traditional corporation to think differently, to share ideas better, to express passion and enthusiasm, and to leverage scale to maximize the impact of such innovative thinking.
Solid Third Quarter : On September 24, Lennar Corporation reported adjusted earnings of 40 cents per share in the third quarter of fiscal 2012, beating the Zacks Consensus Estimate by 48.2%.
Bank of America was in a position to buy Merrill Lynch in part because the Federal Deposit Insurance Corporation, which guarantees deposits, insulates a large share of the bank's funding from crises of confidence.
In other dividend news, Hess Corporation (HES) maintained its quarterly dividend of 10 cents per share.
General Dynamics Corporation (GD) maintained its quarterly dividend of 47 cents per share.
Earlier public share offerings in the country's largest dredger of ports, Dredging Corporation, and its largest gas transmission company, the Gas Authority of India Limited (GAIL), were also oversubscribed.
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