The mobile wallet will change shopping habits.

The mobile wallet is a smart phone that is used as credit card, checkbook and shop-bot.

The major companies that operate the mobile wallet are Google, PayPal and Isis.

Google launched Google Wallet to cooperate with Citibank,MasterCard and Sprint's Nexus S 4G phone.

Paypal offers payment service using a mobile phone at a store in partnership with.

Isis is a mobile payment network joint venture formed by AT&T, T-Mobile and Verizon.

Google and Isis rely on NFC.

It means that the phones and the sales terminal communicate each other.

Many retailers installed NFC to take payments with a tap of a mobile phone.

The mobile wallet changed style of shopping in this christmas.

Customers were using their cell phone to check reviews and compare prices in a store.

Amazon even offered $5 off to customers who scanned a bar code in a store.

Retailers which have physical store are wary to being used as a showroom for online retailers.

Huang Nubo planned to build a $200 million tourist resort in Grimsstardir in Iceland.

Huang Nubo is the billionaire chairman of China's Zhongkun Investment Group.

But Iceland's officials rejected this plan. Because they suspected that Nubo aims to Iceland's huge potentials of energy resource.

This conflict reflect an anxiety about China's rising presence on the continent.

However on the other hand, the EU needs cash injections from China to help fund to debtridden members like Greece, Italy, Spain and Portugal in the region.

Beijing is under pressure to make the transition from basic industries like manufacturing and infrastructure to the higher-end products and services pioneered by the Western world.

So China shifts away from emerging countries and other Asian countries, and increasingly invest Europe.

At one time China's officials have returned their investment from euro-zone, because of

concerns about risk for euro-zone crisis that has worsened, public pressure to spend more at home on restive workers squeezed by rising inflation and weak social services.

But as a result, few Chinese buyers is homing.

For the Euro, there are big concerns about downside of accepting injections of Cash from China.

Specifically, the following.

・political concerns like Tibetan freedom.

When Dalai Lama comes to Europe, the european government have to consider the feelings of China.

・concerns about Chinese internal affairs.

Chinese industry is not opened for foreign investors.

Chinese government has close relations with business.

Europe's debt threaten to cause another all-out recession.

European leaders can no longer afford excessive pride.

So It is sure that China continue to invest Europe.

■My impression reading this article

I feel scared to Chinese greedy investment for foreign country.

I've read article that Chinese investors is buying Japanese water resources.

I want to protect my home country's resource.

I might have images to the foreign investors like invader.

But Euro's crisis is serious.

The injection of cash from China should be necessary for Euro.

I hope that another recession would be avoided

The women of Saudi Arabia have low status than the men.

There's not freedom for women, and women are legally disadvantaged.

Every Saudi women has a male guardian.

They need permission of the guardian for the majority of their interaction with government.

In the Saudi justice system male have the superiority.

Physical abuse is only recognized as abuse.

While There is a movement seeking the advancement of women, a Part of the women of Saudi Arabia is afraid of accepting the change, being imposed the responsibility for their own freedom.

More Conservative campaign is organized.

That campaign's purpose is that strengthen the guardianship and the gender segregation in the workforce.

The women had been taught interpretation of Islam in religious class, and tend to accept the status quo, women's right in Saudi Arabia.

That is why this problem is so hard.

■My impression reading this article

There's diversity of religion and culture in each countries.

I think that it's difficult to understand all of them for people of other countries.

Local people with awareness of the issue should act proactively to solve their problem.

Or that is so hard.

India's e-tail market is heating up in second dotcom boom.

Because the number of Internet users is expected to nearly triple in the next three years, many companies is hoping to profit from them.

The reason for the increased of Internet users is new investment in the sector and a growing number of middle class consumers.

In comparison with other emerging market, India is more attractive to many investors.

The reason is following.

・While China's Internet boom has matured over the past decade, in India Internet penetration is under developing.

・While state-run companies rule the roost in Russia and China,India's private investors stand to benefit from the country's open markets and rule of law.

In the new law,Foreign investor is allowed to become a major shareholders in India.

India's local firms are wary.

Western Internet Companies like Facebook and Google have been successful in India, but Amazon that offers e-commerce business is hard.

The reason is following.

・E-commerce requires logistics and shrewd sense of local taste in area.

・People in India dislike to input their credit card numbers on Web site.

・To Return the product is difficult in India's poor infrastructure.

■My Impression reading this article

Not only companies which expand e-commerce business, I think that the companies which expand global business require human resources who has local knowledge.

I've read the article that said Korean companies actively are training the human resources who is called local specialist.

I think that Japanese include me should make effort to improve skills as global human resources.

That includes Japanese news as well as world news.

In addition, I started to subscribe to TIME magazine.

In which there's a lot of valuable materials for learning English.

I'd like to write a summary and thoughts of the article which was the most impressive for me in TIME magazine or The Japan Times Weekly.

I've decided to do it regularly so that I can improve my reading ability in English.

■Aching For the 80's. From TIME December 5, 2011.

While lives of people in China have become wealthy and luxurious after rapidly growing Chinese economy, nostalgia catch the attention of a lot of young people who is especially middle class lives in an urban area.

They grew up in the era that The county has shifted to a market economy.

In China, foreign and local company is conducting a nostalgia campaign actively.

And this phenomenon has started recently.

The episode that indicates this phenomenon is following.

episode of Old Boy, the film that is on website Youku.com, Chinese version of YouTube.

Old Boy stimulates nostalgia of Chinese People who is especially young middle class.

And it has acquired an extraordinary success.

episode of The Forever, bicycle company in China.

They got poor sales for the reason that China became the world's largest market for cars.

And It's also one of the reason that Bicycles evoke poverty.

The Forever has started a digital ad campaign that depicts a landscape in the late 1970's.

This campaign worked, and The Forever could increase their sales.