Friday, November 30, 2012

European banks want Basel III delayed

European banks want Basel III delayed

European flag outside the Commission
European flag outside the Commission (Photo credit: Wikipedia)
European flag outside the Commission (Photo credit: Wikipedia)
European banks have asked the European Commission to postpone the introduction of tougher global bank capital rules by a year to 2014 after U.S. regulators delayed application of the new requirements.
The new rules, known as Basel III, are the world's regulatory response to the 2007-09 financial crisis and would force banks to triple the amount of basic capital they hold in a bid to avoid future taxpayer bailouts.
The European Banking Federation sent a letter on November 21 to EU Internal Market Commissioner Michel Barnier, formally requesting a delay on the grounds that EU banks would be at a competitive disadvantage if they introduced the new rules before their U.S. counterparts.
"We are now very troubled over the possible repercussions that the most recent statement from the US Authorities may have for the international competitiveness of Europe's banks," the letter, made available to Reuters on Saturday, said.
It said EU banks were facing sweeping regulatory changes including new capital requirements and liquidity buffers, and the creation of a EU supervisory authority.
"All the while, our U.S. competitors will not have matching obligations imposed on them in parallel, or in a foreseeable future," it said, asking for the introduction of the new rules to be delayed to January1, 2014.
European banks have long complained that protracted negotiations on the new rules meant they would not have enough time to start implementing them from next year, as planned.
Now they have stepped up calls for a postponement, arguing the recent U.S. decision to delay application of Basel III risked creating a trend whereby Europe tightens the regulatory noose around its banks while other jurisdictions hold back.
Related articles

Enhanced by Zemanta

Thursday, November 29, 2012

Police Thwarts Biggest Credit Card Scam in Australian History - International Business Times

Police Thwarts Biggest Credit Card Scam in Australian History - International Business Times

HCG Injections


Most customers are unaware that they can inject HCG themselves painfree in the upper fat layers, and so save lots of cash! Check our Instruction Video to see how easy it can be done. HCG-Injections.com provides the necessary HCG vials and the knowledge, so you can build your own HCG Diet Program at HOME and get the slim body you always wanted. Our customers enjoy full Visa warranty.  We offer Free Standard Shipping or Paid Express Shipping. Thank YOU!  Click below and get your HCG Injections today.
Buy HCG

Wednesday, November 28, 2012

Parti Québécois raises taxes 25% on wines, spirits and beer


Smacked by the new Quebec budget, restaurateurs across the province woke  up Wednesday to a 25-per-cent tax increase on all the wines, spirits and beer  they serve ¬— booze they're already paying a premium for through the monopoly  SAQ.
Not only that, the hike applies to the restaurants' old stock, as well: specifically, every unopened bottle that was in their cellars and fridges between 3 and 8 o'clock the morning after the Parti Québécois government tabled its budget.
For restaurants with large wine cellars — sometimes numbering in the hundreds  and even thousands — the paperwork and expense to comply is onerous.
The increase represents an extra 50 cents on every litre of wine or spirit,  for a total of $2.47 per litre, and an extra 17 cents per litre of beer,  bringing that tax to 82 cents.
(In real terms, the hike amounts to 37.5 cents more for a standard 750-ml  bottle of wine, 57 cents for a 1.14-litre bottle of spirit, and 5.8 cents for a  regular bottle of beer.)
The government wants the restaurants to pay the extra tax on their old stock  by Dec. 22 — a kind of Christmas gift of cash to the state treasury — and, of  course, pay it on any new bottles they buy from now on, too.
It's all left a bad taste in the mouth of many a purveyor of food and  drink.
"It's a big hassle — for us, especially," said Marco Mendes, co-owner of Le  Latini, a fancy Italian restaurant in downtown Montreal with a huge wine  cellar.
"We have close to 30,000 bottles," he said, and they're not all the usual  750-ml size; there are magnums (1.5 litres) and double magnums, right on up to  20-litre solomons.
"We're talking about a lot of litres," Mendes said. "They're (inventoried) in  the computer, but it's still going to take a lot of time to count the  bottles."
Some have been aging in the cellar a long time, too, purchased as far back as  the early 1980s. Some sell for $1,000, $2,000, $3,000 — one double magnum goes  for nearly $7,000.
Luckily, the tax is a flat rate per bottle, not a percentage..
"Thank God for that," said Mendes, who started managing the cellar — one of  Quebec's largest — three years ago for his father, Joao, the restaurant's  founder.
The tax increase — which, in lesser amounts, also applies to booze sold in  stores — was a feature of the budget that new Finance Minister Nicolas Marceau  unveiled Tuesday.
The minority PQ government expects to rake in an additional $33 million in  2012-2013 from the hike, and another $100 million in 2013-2014 and 2014-2015. In  total, Quebec took in $438 million in alcohol taxes last year.
It didn't make the full extent of the increase immediately apparent, however.  Only buried deep near the end of the budget was the fact it applied not just to  future purchases but also to current inventories.
And it's that backhanded tax grab that has most upset restaurateurs, led by  the Association des restaurateurs du Québec.
"We've had an enormous number of calls and emails from our members," said  François Meunier, who's in charge of public and governmental affairs at the  association.
"People are insulted by the way the government is going ahead with this,"  said Meunier, whose organization represents close to 4,500 owners of some 6,500  restaurants across the province.
A sign of the gall is apparent in the comments section of the association's  website, restaurateurs.ca. Under a communiqué decrying the tax increase, Claude  Gauthier writes:
"Oh, yes, the PQ government is back (with) a retroactive tax on stock that's  already been taxed and paid for in cash and at too high a price (to) a greedy  state monopoly," the Société des alcools du Québec, which last year had $1  billion in net revenues.
"You've heard of the PQ dictatorship? Well, here's proof."
In general, beer and spirits are cheaper in Quebec than in most other  provinces, but wine — at least, the lower-to-medium-priced ones — is more  expensive.
The fine print of Tuesday's tax hike came as a surprise to many in the wine  business.
Read more: http://www.montrealgazette.com/life/Parti+Qu%c3%a9b%c3%a9cois+retroactive+alcohol+hike+gives+restaurants+headache/7591043/story.html#ixzz2D6eDJmEH

Enhanced by Zemanta

Disney, Wal-Mart, Sears used deadly Bangladeshi factory

Disney, Wal-Mart, Sears used deadly Bangladeshi factory

Tuesday, November 27, 2012

Ex-Muslin atheists


No God, not even Allah

Ex-Muslim atheists are becoming more outspoken, but tolerance is still rare



A MOB attacked Alexander Aan even before an Indonesian court in June jailed him for two and a half years for “inciting religious hatred”. His crime was to write “God does not exist” on a Facebook group he had founded for atheists in Minang, a province of the world’s most populous Muslim nation. Like most non-believers in Islamic regions, he was brought up as a Muslim. And like many who profess godlessness openly, he has been punished.
In a handful of majority-Muslim countries atheists can live safely, if quietly; Turkey is one example, Lebanon another. None makes atheism a specific crime. But none gives atheists legal protection or recognition. Indonesia, for example, demands that people declare themselves as one of six religions; atheism and agnosticism do not count. Egypt’s draft constitution makes room for only three faiths: Christianity, Judaism and Islam.
In reality such punishments are rarely meted out. Most atheists are prosecuted for blasphemy or for inciting hatred. (Atheists born to non-Muslim families are not considered apostates, but they can still be prosecuted for other crimes against religion.) Even in places where laws are lenient, religious authorities and social attitudes can be harsh, with vigilantes inflicting beatings or beheadings.
Many, like Kacem el-Ghazzali, a Moroccan, reckon the only solution is to escape abroad. The 23-year-old was granted asylum in Switzerland after people found out he was the author of an anonymous blog, Atheistica.com. Even in non-Muslim lands ex-believers are scared of being open, says Nahla Mahmoud, a 25-year-old Sudanese atheist who fled to Britain in 2010. “Muslim communities here don’t feel comfortable with having an ex-Muslim around,” she says, noting that extremists living in the West may harass non-believers there too.
Facebook groups for atheists, mostly pseudonymous, exist in almost every Muslim country. Social media give non-believers more clout—but also make them more conspicuous, and therefore vulnerable. But the real blame lies with religious intolerance. In the 1950s and 1960s secularism and tolerance prevailed in many majority-Muslim countries; today religion pervades public and political life. Sami Zubaida, a scholar at London’s Birkbeck College, speaks of increasing polarisation, with “growing religiosity at one end of the spectrum and growing atheism and secularism at the other.”
The rise to power of Islamist parties after the Arab revolutions is likely to make life more miserable still for those who leave Islam. New rulers in Tunisia and Egypt have jailed several young people who have been outspoken about their lack of belief. Such cases occurred before the revolutions, but seem to have become more common. Alber Saber Ayad, an Egyptian Christian activist who ran a Facebook page for atheists, has been in custody since September for “insulting religion”. His alleged offence was posting a link to an infamous YouTube video that caused protests in the Islamic world that month. He was arrested by a Christian policeman: Egypt’s Coptic church does not look kindly on atheism either.

Enhanced by Zemanta

Monday, November 26, 2012

Salesforce generates $788 million in third quarter

Image representing Salesforce as depicted in C...
Image via CrunchBase

The SaaS provider brought in $788 million in the third quarter and is expected to record its first fiscal year with more than $3 billion in revenue.

Salesforce.com, which generated $788 million in revenues during its fiscal year 2013 third quarter, up 35 percent over the same period last year, expects to break the $3 billion revenue mark by the time the fiscal year ends in January.
Marc Benioff, chairman and CEO of Salesforce, used words like “awesome” and “fantastic” in an earnings conference call Nov. 20 to describe the results in his usual bombastic way.
“Salesforce has always been a catalyst and an evangelist for changing enterprise software and we have pioneered the shift to cloud, we’ve pioneered the shift to social and we’ve pioneered the shift to mobile,” Benioff said.
The company, which delivers software-as-a-service (SaaS) to business and enterprise customers, reported a net loss of $220.3 million, or $1.55 a share based on generally accepting accounting principles (GAAP). However, it earned 33 cents a share on a non-GAAP basis in which certain exceptions are factored in, such as $149 million for a tax valuation allowance and $105 million in stock options expense.
Salesforce exceeded Wall Street analyst estimates of $777 million in revenue and 32 cents in non-GAAP earnings per share (EPS).
The company anticipates revenue of between $825 million and $830 million in the current fourth quarter of its fiscal year, which ends Jan. 31, 2013. The revenue forecast is about 31 percent greater than in the year ago quarter. Salesforce anticipates non-GAAP EPS of 38 to 40 cents a share. For all of fiscal 2013, Salesforce forecasts a non-GAAP profit of $1.50-$1.52 a share on revenue of $3.041 billion to $3.046 billion, an increase of 34 percent year-over-year.
Benioff was eager to point out that the cloud-based software company—facing growing competition from legacy on-premise vendors such as SAP, Oracle and Microsoft, which are also pursuing the cloud market—expects to pass the $3 billion revenue mark this fiscal year.

Enhanced by Zemanta

Saturday, November 24, 2012

credit rating mistakes costing Canadians


Credit rating mistakes are costing unsuspecting consumers thousands of dollars in higher interest rates and preventing some from getting much needed loans, a CBC News investigation has found.
In the past few years, more than 500 complaints have been filed with provincial consumer affairs agencies across Canada about credit reporting agencies, many alleging errors by companies led to their poor credit scores.
"I feel like a guy who is made to pay for the sins of something I didn't do," said Mervin Smith. "It's like being wrongfully accused of something."
Smith is one of many Canadians who told CBC News about how unknown errors on their credit rating reports caused them financial strife. In some cases, even after creditors and collection agencies admitted to a mistake, it took several months to restore a credit rating.
The Brampton, Ont., truck driver, spent months trying to get his credit rating fixed after an error appeared on his credit report.
When applying for a mortgage in late 2011, Smith learned that an unpaid Rogers bill for a “Marvin Smith” had been listed on his report since 2007.
He says his bank granted him the mortgage but denied him an overdraft, a credit card and a line of credit.
Smith sued debt collection agency iQor in small claims court over the name mix-up and won a $3,000 settlement in May of 2012.

Enhanced by Zemanta

Friday, November 23, 2012

Credit Suisse handed lawsuit


New York Attorney General Eric Schneiderman brought a lawsuit on Tuesday accusing Credit Suisse Group AG (CSGN.VX) of misleading investors in mortgage-backed securities.
Credit Suisse, Switzerland's second-largest bank, misrepresented the quality of loans underlying residential mortgage-backed securities it sponsored and underwrote in 2006 and 2007, leading to $11.2 billion in losses to investors, according to the lawsuit.
The Zurich-based bank failed to adequately evaluate the loans and ignored defects its limited review did uncover, the lawsuit said It also failed to perform due diligence it promised. The lawsuit was brought under a New York securities fraud statute known as the Martin Act.
Jack Grone, a spokesman for Credit Suisse in the United States, declined to make an immediate comment. The bank announced a management shake-up on Tuesday.
The action is the latest to come out of a working group created by President Barack Obama to go after wrongdoing that led to the 2008 financial crisis.
The lawsuit "marks another significant step in our efforts to hold financial institutions accountable for the misconduct that led to the worst financial crisis in nearly a century," Schneiderman said in a statement. He is co-chair of the group.
On Friday, the bank agreed to pay $120 million to settle U.S. civil charges that it misled investors in the sale of risky mortgage bonds prior to the crisis. JPMorgan Chase & Co (JPM.N), in a separate but similar case, agreed to pay $296.9 million. The banks settled without admitting wrongdoing.
Schneiderman also brought a lawsuit against JPMorgan Chase last month over mortgage-backed securities packaged and sold by Bear Stearns & Co, which JPMorgan acquired during the financial crisis.
The working group's actions are viewed as a last shot for the government to hold banks and others responsible for misconduct in the run-up to the mortgage meltdown.
Credit Suisse, JPMorgan and other banks have already been sued by pension funds, insurers and others who claim they misrepresented the quality of mortgages underlying securities.

Enhanced by Zemanta

Thursday, November 22, 2012

Black Friday shopping creeps into Thursday

Black Friday shopping creeps into Thursday

Australian Tax Office seeking Apple Taxes

Image representing Apple as depicted in CrunchBase
Image via CrunchBase
The Australian Tax Office (ATO) has reportedly sought to collect AU$28.5 million in back taxes from tech giant Apple in a sign that the government is cracking down on foreign tech companies.
The Sydney Morning Herald reported over the weekend that statements lodged with the corporate regulator show that Apple's Australian arm was hit with an AU$28.5 million bill for back taxes in April this year. According to the report, Apple Australia pulled in AU$4.9 billion in revenue in the last year, and its total tax bill to September 24, 2011, was AU$94.7 million.
According to figures released this year, Apple earned non-US profits of US$36.87 billion for the 2012 financial year ending September, and only paid US$713 million in overseas taxes.
Google came under criticism earlier this year, when it was revealed that Google said its Australian division is making a loss. The company only paid AU$74,176 in taxes in the last financial year, despite estimations that Australia is worth around AU$1 billion to Google every year.
Legislation regarding transfer pricing rules was passed earlier this year. The change aims to make it tougher for multinational companies such as Apple and Google to transfer their money out of Australia to a country with a lower corporate tax rate, such as Ireland.
Enhanced by Zemanta

Wednesday, November 21, 2012

MP McGuinty drops critic role over 'go back to Alberta' gibe

MP McGuinty drops critic role over 'go back to Alberta' gibe

killing the password


It’s not a well-kept secret, either. Just a simple string of characters—maybe six of them if you’re careless, 16 if you’re cautious—that can reveal everything about you.
Your email. Your bank account. Your address and credit card number. Photos of your kids or, worse, of yourself, naked. The precise location where you’re sitting right now as you read these words. Since the dawn of the information age, we’ve bought into the idea that a password, so long as it’s elaborate enough, is an adequate means of protecting all this precious data. But in 2012 that’s a fallacy, a fantasy, an outdated sales pitch. And anyone who still mouths it is a sucker—or someone who takes you for one.
No matter how complex, no matter how unique, your passwords can no longer protect you.
Look around. Leaks and dumps—hackers breaking into computer systems and releasing lists of usernames and passwords on the open web—are now regular occurrences. The way we daisy-chain accounts, with our email address doubling as a universal username, creates a single point of failure that can be exploited with devastating results. Thanks to an explosion of personal information being stored in the cloud, tricking customer service agents into resetting passwords has never been easier. All a hacker has to do is use personal information that’s publicly available on one service to gain entry into another.

Enhanced by Zemanta

Tuesday, November 20, 2012

Wozniak concerned about Apple


The co-founder of Apple, Steve Wozniak was interviewed at TEDx Brussels by TechCrunch, where the technological genius was asked how he felt about the advances Microsoft is making in both the PC and smartphone markets. So how does Wozniak view the new Microsoft? He's worried for Apple, and for good reason.
The Apple guru has previously picked up a Lumia 900, choosing the Windows Phone over Android and stating that the operating system is "intuitive and beautiful". Wozniak also was recorded in revealing he's excited about Microsoft and sees a new company re-entering the PC and mobile markets. This is all leading up to him being concerned for Apple.
Apple has continuously been viewed as the innovative technology giant that surpassed Microsoft in many ways, including public interaction (the Apple stores) and presentation (Steve Jobs and his famous keynotes). The advertisement campaign that Apple launched attacking PC as a boring platform was true in a way - it's how consumers viewed Microsoft. Office, spreadsheets and Vista.
Microsoft has since changed. In more ways than one. The launch of Windows Phone brought something new to the table. Everyone wondered what the then software giant was planning for the future. Then Windows 8 was unveiled with multiple public previews. This is when the game changed, when Microsoft fought back against Apple.

Enhanced by Zemanta

Monday, November 19, 2012

Credit reporting errors costing Canadians

Credit reporting errors costing Canadians

spammers are using the popularity of e-mailed advertisements


Kaspersky Lab
Kaspersky Lab (Photo credit: Wikipedia)
Kaspersky Lab (Photo credit: Wikipedia)
Be sure to double check that Groupon you received in your e-mail -- spammers are using the popularity of e-mailed advertisements for group discount deals to send more malware.
The rise of malware through fake e-mail advertisements and notifications are on the rise, according to a study released today by security firm Kaspersky Lab.
"They are primarily doing so by sending out malicious e-mails designed to look like official notifications. Kaspersky Lab is seeing more and more malicious spam designed to look like coupon service notifications," the report said.
The firm said it also noted these coupon spam mail in its spring report but has found that the trend is increasing. Instead of attaching viruses as files to these types of e-mails, spammers are now adding malicious links. Ads mimicking Groupon seem to be most prevalent, the firm said.
"Kaspersky Lab experts expected to see the appearance of this type of spam since coupons are very popular among Internet users and they trust coupon services," the study said. "An e-mail from a coupon service is an ideal disguise for malicious users."
Related articles

Enhanced by Zemanta

Sunday, November 18, 2012

Alternative credit card processing


Get your pre-application today
eComTechnology offer services that allow you to target consumers in North America, Europe and Asia.
Put one button on your site, click on it and be taken to 50+ payment options, it is that easy!
-not uncommon for us to see our clients experience a 30% or more increase in their sales.
-a great solution for start-ups and a solution for established merchants to increase sales.
-payment solutions are GEO-IP based, which means that automatically each payment page is translated into the consumer’s local language and a local phone number and email address is posted for support.
Whether you have a subscription website or sell goods and services, we provide a variety of methods that makes adding our services a simple process. We have incorporated our billing solutions into thousands of websites and our experienced tech staff can get you setup quickly.
Use of 50+ payment options in 40+ countries in 40 languages.
We are the One-Stop Solution for all your Alternative Payment needs.
eComTechnology provide merchants with a payment network that supports a vast array of national cards and non-card based payment schemes - among them direct debits, bank transfers, real-time banking, cash based payments, eWallets, prepaid cards and checks.
Alternative Payment Solutions

Enhanced by Zemanta

Saturday, November 17, 2012

BYOD security problems

BYOD iPhone
BYOD iPhone (Photo credit: IntelFreePress)
Although bring-your-own-device, or BYOD, initiatives can bring a multitude of benefits to businesses, security remains a major concern for companies with limited IT resources. Most organizations that allow employees to bring their own devices are experiencing high rates of mobile threats, including lost or stolen devices, malware and compromised company data, according to the findings of a study sponsored by security specialist Webroot.
The study, based on a survey of endpoint and mobile-security decision makers in companies with 10 or more employees in the U.S., U.K. and Australia, found that more than half reported mobile threats, reduced employee productivity and disrupted business activities; 61 percent of survey respondents said they required additional IT resources to manage mobile security, resulting in higher costs.
Further, 63 percent of companies surveyed reported significant increases in demand for help desk support to repair, replace or manage the security of smartphones and tablets in the company, consuming as much as 36 percent of one help desk technician's time resolving these issues each month.
The study also found an overwhelming 82 percent of respondents said they believe that mobile devices create a high security risk within the corporate environment. Results indicated that mobile security is a high priority for half the companies supporting BYOD, equating to increased help desk support and consumption of valuable IT resources. In addition, 45 percent reported lost or stolen devices in the past year and 24 percent experienced mobile malware infections, crippling productivity and potentially compromising company and customer data.
While 46 percent of BYOD companies have implemented mobile security, only 40 percent of companies with fewer than 100 employees have mobile security. Despite having access to more IT resources, larger organizations--those with 500 or more employees--are at even higher risk.
Enhanced by Zemanta

Friday, November 16, 2012

RBC blocks senior getting money

English: A self-taken photo of the RBC banking...
English: A self-taken photo of the RBC banking plaza in Vancouver, Canada, as reflected onto a neighbouring building. (Photo credit: Wikipedia)
English: RBC Building, West Hastings Street, V...
English: RBC Building, West Hastings Street, Vancouver. (Photo credit: Wikipedia)

Some bedridden or housebound elderly people have been denied service by Canadian banks, which refuse to cash cheques and do other transactions on their behalf, unless they come to the bank.
“It’s cruel — and there is no need of it,” said Linda Graham, whose 94-year-old mother went without her pension money for seven months, because RBC refused to cash the cheques. “They need to change their policies. They really do.”
In Graham’s case and others, customers say banks are simply refusing to honour power of attorney documents — in place so children or others can do their banking — because they are concerned seniors are being taken advantage of.
Nellie Graham uses a wheelchair, has poor eyesight and can't leave the house. Her 85-year-old husband Reg also has health problems.
Until April, their daughter had regularly cashed her mother’s government pension cheques for her, at an RBC branch in Vancouver, by depositing them into the account her father has held there for 54 years. Her mother has never had her own bank account.
Nellie said her daughter always handed over all the money immediately, with updated bank records, so there was no reason for anyone to be concerned.
“She’s a wonderful girl. And I don’t know what we’d do without her,” said Nellie Graham. “I know what I’m doing. You bet I do. I may be 94 —but I know what I am doing.”
RBC approved the arrangement two years ago, after the branch manager came to the elderly couple’s house and inspected their power of attorney documents.

Enhanced by Zemanta

Thursday, November 15, 2012

Venezuela causes outrage at U.N. General Assembly

United Nations Human Rights Council logo.
United Nations Human Rights Council logo. (Photo credit: Wikipedia)

The U.N. General Assembly will select 18 new members for its Human Rights Council, and outrage is roaring in some circles over the fact that Venezuela is one of the candidates.
Other countries human rights groups have criticized as unqualified candidates are Ivory Coast, Ethiopia, Gabon, Kazakhstan and Pakistan.
The Human Rights Council was created in March 2006 to replace the U.N.'s widely discredited and highly politicized Human Rights Commission. But the council has also been widely criticized for failing to change many of the commission's practices, including putting much more emphasis on Israel than on any other country and electing candidates accused of serious human rights violations.
Among those leaving the 47-member council at the end of this year are China, Cuba and Russia.
In the case of Venezuela, critics say President Hugo Chávez accumulated near-absolute power over the past decade thanks to his control of the National Assembly and the media, friendly judges in the courts, and pliant institutions such as the Central Bank. “Venezuela under Mr. Chávez has no place at this table,” said the Washington Post in its editorial page Sunday.
Chávez, who last month won one of the closest elections in Venezuela's history, announced in July his decision to pull out Venezuela from the American Convention on Human Rights, considered one of the pillars of the legal regulations aimed at defending human rights in the Americas. The announcement was followed a few days later by a Human Rights Watch report stating that Venezuelan government "freely intimidates, censors and prosecutes its critics."
Regarding the controversial U.N. vote scheduled for Monday, Amnesty International's U.N. representative, Jose Luis Dias, said member states "should return a blank ballot if they feel a candidate does not meet the high human rights standards expected of council members."


Read more: http://latino.foxnews.com/latino/news/2012/11/12/venezuela-aspires-to-un-human-rights-council-sparking-outrage/#ixzz2C2esXaZW
Enhanced by Zemanta

Wednesday, November 14, 2012

Cray’s massive Titan system is now the world’s fastest supercomputer


Cray’s massive Titan system is now the world’s fastest supercomputer, knocking off IBM’s Sequoia after only six months in the top position.
The Top500 list of the fastest supercomputers was released Nov. 12 at the SC12 supercomputing show in Salt Lake City, Utah, and Titan—a Cray XK7 system installed at the Oak Ridge National Laboratory in Tennessee—took the number-one spot with a performance of 17.59 petaflops, or quadrillions of calculations per second. The system boasts 560,640 processors, including 261,632 of Nvidia’s Tesla K20x GPU accelerators, which also were announced at the show Nov. 12. It runs Advanced Micro Device’s Opteron 6274 processors.
According to Nvidia officials, 90 percent of Titan’s performance was delivered by the company’s K20X accelerators. Such GPU accelerators from the likes of Nvidia and AMD—which on Nov. 12 introduced its new FirePro S10000 graphics card—are becoming increasingly important in the supercomputer and high-performance computing (HPC) segments. They offer increased computing power and greater energy efficiency when working with traditional CPUs for highly parallel and compute-intensive workloads found in such industries as pharmaceuticals, oil exploration and climate studies.
Intel officials are pushing their upcoming x86-based Xeon Phi co-processors as alternatives or complements to GPUs in supercomputers, including the massive Stampede system being built at the Texas Advanced Computing Center (TACC) in Austin.
In all, 62 supercomputers on the list leveraged GPU accelerators or co-processors.

Enhanced by Zemanta

Tuesday, November 13, 2012

HSBC providing Jersey Island accounts


British banking giant HSBC has been accused of providing accounts on the island of Jersey for alleged drug dealers and gun runners.
HM Revenue & Customs, the U.K. tax authority, has obtained details on every British client of HSBC in Jersey after a whistleblower leaked the data, according to the Daily Telegraph.
The newspaper claims that the list of more than 4,000 clients includes drug dealers, gun runners, bankers accused of fraud and cyber criminals.
HMRC confirmed Friday that it has received and is studying the data. The tax authority did not comment on specific HSBC clients, but pledged to "crack down" on tax cheats if it finds evidence of wrongdoing.
"Clamping down on those who try to cheat the system through evading taxes and over claiming benefits is a top priority for us and we value the information we receive from the public and business community," said an HMRC spokesman in a statement.
Jersey, a 5-by-9-mile island just off the coast of France belonging to the British Crown, is one of the richest tax havens in the world.

Enhanced by Zemanta

Monday, November 12, 2012

RBC blocks housebound senior from getting her money

RBC blocks housebound senior from getting her money

solitary world of online foreign exchange trading


The solitary world of online foreign exchange trading is emerging from the shadows as solo investors turn to specialist social media networks to link up with their peers and seek market-beating strategies.
Individual or retail trading, estimated at 8-10 percent of the $2.5 trillion daily spot FX market, used to conjure an image of a lone trader with little contact with the outside world.
But that is changing. Thanks to specially tailored websites known as social trading networks, users are able to see and even copy the trades of top-ranked rivals, swap ideas and gauge the market mood in online chat with a community of contacts.
"In the world of trading there are a lot of signals but social media gives us the market sentiment and it is ideal for chatting to people across the world for trade ideas," said Patrick Orini, who has been trading FX online since 2004.
Retail forex traders make their deals using personal accounts through brokers such as Alpari, FxPro and IronFX. Increasingly, traders are hooking up their broker accounts with social trading networks, such as eToro, Currensee and Tradeo.
Traders usually pay a subscription to use the service while the social network and the broker might share revenue on trades.

Enhanced by Zemanta

Sunday, November 11, 2012

High Risk International Merchant Account


eComTechnology payment processing - High Risk Credit Card Processing .
Payment Processing Solutions
Since 2003 eComTechnology  provides merchant account credit card processing services to businesses, working with not only traditional businesses but high risk and high volume businesses as well. eComTechnology is established with many International Business and Banking Services and will match your company with a Bank worldwide.

High Risk Merchant Account

In the world of merchant services providers, some businesses are considered more high risk than others. This doesn’t mean these businesses can’t obtain merchant accounts or process credit cards, but they may be required to provide additional documentation in order to do so.
If you want to accept credit cards for your business but you’ve had trouble finding a credit card processor that will approve you, eComTechnology may be able to help. As long as your business is legal, we may be able to set you up with either a high risk merchant account or an international merchant account.
We welcome both U.S.-based and international businesses. Most business types — can be accepted, and multi-currency processing is available.
Asia, United States, Canada or based in Europe inquire or apply below today and in most cases you can be processing in less than 10 days through your own virtual terminal or gateway.
eComTechnology is a registered ISO/MSP for BMO Harris Bank, N.A., Chicago, IL., and Wells Fargo Bank, N.A., Walnut Creek, CA.

Enhanced by Zemanta

Ontario won't stop double-ending

Ontario moves to tighten rules around real estate agents 'double-ending,' but won't ban the practice If legislation is pa...