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Fiat-Chrysler's plan to become a Netherlands based holding company with easier board requirements, UK domicile for lower tax rates , and a New York listing for access to deep capital markets. With the change comes financial reporting to U.S. generally accepted accounting principles which does not allow capitalizing research and development. Lahart cites ISI Group analysts that show 2013 R&D capitalization boosted earnings before interest and taxes at Chrysler by 60%.

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Mark Hulbert lists the quality stocks with low P/E ratios, little debt, high return on equity, and long records of earnings growth spanning long periods that limit volatility after the emerging markets crisis of 2014. He adds a cautionary note on the idea of quality stocks by saying P/E ratios matter, that quality stocks at a high price are a bad investment and at extraordinary prices are a extraodinarily bad investment, citing the Nifty Fifty stocks of quality in 1972 that lost value in the stock market slide in 1973. He takes quality stocks Disney, Procter & Gamble, Johnson & Johnson off the list of quality stocks because of high P/E ratios, a critical criteria. Hulbert's list for financial quality companies and their P/E ratios in Jan. 2014: AT&T telecom 9.4, Aflac insurance 9.1, Allstate insurance 10.9, Apple computer and telecom 12.7, Bank of Nova Scotia 11.0, Chevron oil 10.0, Cisco computer hardware 12.2, IBM technology 11.7, Royal Bank of Canada 11.5, Wells Fargo banking 11.5. These P/E ratios compare with the S&P 500 P/E of 17.3....

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Kostantin Ernt pulls together all the threads of the Russian story from modernization with Peter the Great, Tchaikovsky, Tolstoy and opera to performance of athletes- following national narratives in Beijing and London of previous Olympics.

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Ellen Jervell describes the open and inclusive culture that as helped Norway win more medals than any other country in Winter Olympics games. Before age 11 all children participating in sports get the same prize. A large annual budget for the main Olympic organization of $23 million helps, and so does the extra leisure from the high per capita GDP of $99,558 with many high paying jobs. Of the 303 medals won by Norway 125 were in cross country skiing. 60% of Norwegians enjoy watching cross country skiing, according to a 2011 survey by newspaper Aftenposten, and Norwegians take a less competitive view of the sport. Academic ability is given first importance even in sports schools.

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The show "Dreams About Russia," put together by Konstantin Ernst, director of Channel One, Russia' largest state owned television network. His emphasis on classical music and scenes from literature including Tolstoy, Gogol and ancient fairy tales mixed with a girl duo t.A.T.u for the preshow with the song "Not Gonna Get Us." Pulling it all together was Lisa Temnikov, a 11 year old daughter of two taxi drivers from Krasnodar in the Sochi region, who won the part in a casting call. She played Lyubov, which means love, and led the journey across centuries of Russia's past with domes of St. Basil's Cathedral seen in the background. As much a celebration of Russia's past as a break from decades of stifling of individuality under communism.

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Sony announced that it was expecting a loss of 110 billion yen or $1.1 billion for the fiscal year ending March 2014. Sony also announced the sale of the PC Vaio computer business to Japan Industrial Partners, a decision he called "agonizing." Another change is splitting off the television business into a separate subsidiary. The projected full year loss includes $690 million in charges for restructuring the PC and TV business, including job cuts of 1500 in Japan and 3500 overseas by March 2015. Currently the mobile phone and Playstation videogame businesses are operated as separate subsidiaries. TV sales are improving in the 4th quarter 2013, increasing by 40%, and operating loss for TV's is down to $48 million for that quarter. Increases in sales of premium priced ultra high definition TV sets improved margins. For the full year TV business had a loss of 25 billion yen. This is the first sign of a change in the TV business. Playstation sales are expected to hit 5 million by March 2014. Overall Sony showed a net profit of 27 billion yen for the 4th quarter of 2013....