jeudi 28 juillet 2011

Shaw Capital Management Financial News:Sony Clouds Badly Compromised

http://shawcapitalmanagementfinancialnews.com/2011/04/28/shaw-capital-management-financial-newssony-clouds-badly-compromised/


Tuesday might not have been the absolutely best time for Sony to divulge that it, like so many others, is going to go skipping after Apple into the media tablet business later this year with two Android Honeycomb models code named S1 and S2.
See, as the last of the top 10 laptop makers to declare its intentions, by fall when the widgets are due, it’ll be coming from behind and to differentiate itself in an already overcrowded field it intended to borrow or piggyback on the cloud-ified media services in its PlayStation franchise.
A sensible idea up to the point late Tuesday that it found itself confessing that its great PlayStation Network for multi-player gaming as well as its streaming Qriocity online entertainment service, the cloud that pipes music, Netflix movies, sports and TV shows to Sony widgets, had been hacked – and hacked badly – sometime between April 17 and April 19 – which caused a catastrophic failure.
Sony now says that some unknown felon made off last week with the personal data in its 77 million PlayStation accounts – let me repeat that – 77 million accounts plus the “sub-accounts” data on any kids you might have signed up. How many Qriocity subscribers it’s got is unclear.
The personal data includes the accounts’ name, complete street address down to the Zip Code, e-mail address, birth date, PlayStation Network and Qriocity password and login and handle or PSN online name.
Sony’s also afraid that the hacker got everybody’s profile data, including purchase history, billing address and password security answers, as well as their credit card numbers.
It’s not sure the thief stole the credit card data but, it said, “We cannot rule out the possibility. If you have provided your credit card data through PlayStation Network or Qriocity, out of an abundance of caution we are advising you that your credit card number (excluding security code) and expiration date may have been obtained.”
Because of the intrusion Sony has hired itself an investigator. It’s also trying to get the rebuilt and presumably less penetrable services back up in the next week.
It’s “strongly” recommending that when the services are restored, users l on and change their password and, if they use the passwords elsewhere, they change them too. It thinks it might be a good idea for US users to contact the three main credit bureaus and have them put a free “fraud alert” on their accounts.
As far as the Tegra 2-based tablets go, well, the S1 is a tapered 9.4-inch slate and the S2 is a clamshell device with two 5.5-inch displays that can function as one screen. They include Wi-Fi or 3G/3G.


Sony described the first as “optimized for media entertainment” and the second as targeted at “mobile communication and entertainment.” Besides games and movies it’s also thinking Sony Reader e-books, e-mail and social networking.
It didn’t mention price other than to suggest the widgets would be competitive.
It will also introduce a Windows version by the end of the year.
Sony wants to be number 2 after Apple by next year.
See here.

Shaw Capital Management Financial News:IMF: China’s Economy to Surpass America in 2016

http://shawcapitalmanagementfinancialnews.com/2011/04/28/shaw-capital-management-financial-newsimf-chinas-economy-to-surpass-america-in-2016/


The date has been set for when the Chinese economy will officially overtake that of the United States — and it’s only five years away! The International Monetary Fund forecasts that the so-called “Age of America” will end in 2016, The Wall Street Journal reports.
IMF,International Monetary Fund,Chinese economy,Age of America,yuan
“Most people aren’t prepared for this. They aren’t even aware it’s that close. Listen to experts of various stripes, and they will tell you this moment is decades away. The most bearish will put the figure in the mid-2020s,” says the Journal.
The reason for the discrepancy is all in exchange rates, says the Journal. Because the Chinese Yuan is held artificially low, most figures are misleading.
Under the more realistic figure, Chinese purchasing power will rise from $11.2 trillion this year to $19 trillion in 2016, says the IMF forecast. During the same time, U.S. purchasing power will rise only from $15.2 trillion to $18.8 trillion.
“That would take America’s share of the world output down to 17.7 percent, the lowest in modern times. China’s would reach 18 percent, and rising,” according to the Journal.

mardi 26 juillet 2011

SHAW CAPITAL MANAGEMENT ONLINE-BLOG

http://shawcapitalmanagementonline.com/blog/


While the rest of the world is enamored with the arrival of Google+ and caught up in the churning activity room that is Facebook, we’d like to at least wave a red flag of reality through a weekly scam list we put up.
The week started in a rather gross manner with a scam named “OMG! A Spider under the skin!”. Anyone drunk enough to click on the link after seeing the unintelligible thumbnail accompanying the post is in for something more than a scare. Instead of seeing a more detailed backstory on the claim or some sort of explanation on the photo, the user will be redirected to another page. And guess what, as a sort of test or verification, they require you to fill up a survey form first.
A particularly nasty one is a video of a fan who died at a baseball game. That’s because the story really happened and referring to it in such a manner seems very unethical. It was about a fan who fell to his death trying to catch a baseball in a particular game. Scammers trying to take advantage of such a situation can only be regarded as dangerously single-minded.
And because these scammers are easy to catch on, with the soft launch of Google+ came the pretentious invites for a privileged access to the popular social networking site. People are practically clamoring for Google+ invites; and upon seeing the profitable market, scammers jumped in the scene. End result: personal information ending in the hands of the wrong guys.
Shaw Capital Management Online is also keen on issuing a scam warning on the very tempting “1000 free Facebook credits” scheme. A message making the rounds in the Facebook-verse (or simply self-propagating virus), entices users by promising a thousand credits. It just calls a URL to be manually pasted on the address bar, which effectively draws you out of the Facebook fence and into the den of the scammers where your details could be compromised.
Most of the scams in Facebook are actually common survey nuisances which the perpetrators propagate in hopes of collecting money or other perks when they hit a certain threshold. One such scam calls attention for the users to click it by putting a “Who had blocked you?” title. For the curious Facebook users, this could potentially spell data compromise as the scammer plays on the curiosity nerve of people.
Seeing it in your friend’s wall doesn’t mean you have to lower your guard. Actually, the reason most of the scams in social networking sites have such a great exposure is that once a user clicked the malicious link, his profile will automatically display a copy of the same scam (which is, in a way, like signalling to his friends it’s legit or something). Living in the Information Age, possessing the right information is something that can save you from dealing with lots of troubles.
Hopefully, we’ve warned and informed you enough to take action and click those Report Page as Scam links in Facebook instead of the interesting links.

SHAW CAPITAL MANAGEMENT ONLINE

http://shawcapitalmanagementonline.com/index/


Welcome to SCM Online, your sleek and no-frills alternative to the oh-so-cluttered news blogs that currently tops the search results. As a debut post, let me give you a rundown on how this whole thing works.
SCM Online conveniently groups incoming news into three categories that proves to be the most significant ones for the online community in general:
Technology. Keep tabs on the heating competition between search engine giant Google and social networking star Facebook. (Occasionally, we feature certain websites or software products and do some pros-and-cons analysis. Otherwise, anything new and newsworthy concerning consumer gadgets and the collective web.)
Lifestyle. Useful health and diet tips for those conscious with their well-being, with lots of other cool and practical stuff for everyday life thrown in for good measure.
Finance. Daily reports on the state of the market, notable fluctuations on stock prices, commodity updates, scam MOs, and several business and political factors that comes in to play.
We do host a whole lot of other stuff outside of those categories but only if they are totally interesting, amusing or informational (we don’t want to overwhelm you with useless news!).
Above all, we welcome active participation from our visitors (yeah, you!), so if you find something interesting, erroneous, terrible or inspiring, feel free to leave your two cents.
Stay tuned!

dimanche 24 juillet 2011

Shaw Capital Management Financial News

http://shawcapitalmanagementfinancialnews.com/

A picture illustration taken in Warsaw on January 18, 2011, shows a one euro coin. REUTERS/Kacper Pempel


SYDNEY | Sun Jul 17, 2011 7:22pm EDT
(Reuters) – The euro and dollar both struck record lows against the Swiss franc in Asia on Monday while gold reached new highs as investors sought safety from debt problems plaguing the European Union and United States.
The euro gapped lower against the Swiss franc to change hands at a trough of 1.1365 according to dealers, down from 1.1501 late in New York on Friday.
Likewise the dollar traded as low as $0.8034 on EBS, against $0.8129 late on Friday, while gold popped as high as $1,598.41.
“We have limited hope that a comprehensive solution to the European and US problems will emerge in the next few days, or that there will be increased clarity in the global economic outlook,” said analysts at Barclays.
“Hence, we expect the very nervous, illiquid trading conditions of recent weeks to continue…we recommend limited risk exposures.”
All of which kept the euro pinned at $1.4124, against $1.4144 late on Friday. Immediate support was put at $1.4063 with resistance at $1.4199.
The single currency escaped relatively unscathed from the EU bank stress tests released on Friday, though dealers said the market had little confidence in the results.
Attention had shifted to the next emergency meeting of EU leaders scheduled for Thursday, amid signs they are edging nearer to a proposal to buy back Greek debt.
German Chancellor Angela Merkel called on Sunday for private investors to make a major contribution to bailing out Greece. Officials proposed a range of schemes for the European Financial Stability Facility to finance a buy-back or a swap in which private owners of Greek government bonds would accept cuts in the face value of their holdings.
Meanwhile, in the United States there was little evidence of progress on raising the country’s borrowing ceiling ahead of a deadline of August 2.
Republican and Democratic senators sought on Sunday to craft a plan that could avert a government debt default should the talks remain stalemated.
Senior Democratic aides said the U.S. Senate will likely begin considering the compromise measure this week. They predicted the Democratic-led Senate would pass the legislation, but winning over the Republican-led House of Representatives would pose a bigger challenge.
Both Standard & Poor’s and Moody’s have warned they could downgrade the country should the debt limit not be raised.
One early mover in Asia was the New Zealand dollar, which climbed after domestic inflation data proved higher than expected, adding to speculation that interest rates might rise before year end.
The kiwi rose to $0.8470, from $0.8445 before the government reported consumer prices rose 1 percent in the second quarter. Last week, it hit a 30-year peak of $0.8507 as growth figures showed the economy faring better than expected.

shaw capital management financial news: Facebook update: I’m vulnerable to fraud

http://shawcapitalmanagementfinancialnews.com/2011/03/23/shaw-capital-management-financial-news-facebook-update-im-vulnerable-to-fraud-2/


DIANNE NICE

Globe and Mail Blog
Posted on Monday, March 21, 2011 1:07PM EDT
An old high school friend of mine is going to the Mayan Riviera this week, leaving her home unoccupied. Her boyfriend is going with her. She doesn’t have a guard dog.


How do I know all this? She told me and the rest of the world about it on Facebook. OK, maybe not the dog part, but I can tell from the hundreds of personal photos she’s posted that she has a very docile-looking cat and some really nice jewellery.

MORE RELATED TO THIS STORY

    It’s scary how much you can find out about someone on the Internet, isn’t it? I’m wondering if I should post a link on her Facebook page to the story I wrote recently about the dangers of over-sharingon social networking sites.
    With March being fraud prevention month in Canada, it’s a good time to go over some of the precautions we should take when posting personal information online, even when it’s not financial data.
    Revealing too much information can open the door to theft. For example, a common Facebook scam is for criminals to track a potential victim’s online behaviour, wait until she brags about going away on vacation, and then hack into her account and tell her friends she has been robbed in a foreign country and needs a money transfer.
    In 2010, Canadians reported $53.8-million in losses from mass-marketing fraud, defined by theCanadian Anti-Fraud Centre as fraud committed by phone, mail or the Internet. Fraud-related offences net between $10-billion to $30-billion annually, the RCMP say.
    How can we protect ourselves? For starters, we can wait until we return from our vacations to start bragging about them. Here are a few other tips:
    1. Avoid quizzes, free apps, pictures and links
    Those cute little games that circulate social networking sites are designed to collect your personal information, which is then shared with marketers and tracking companies. Who knows how safe those companies are and what they do with that information? Don’t click on pictures or links either. They are often malware in disguise, which allows hackers to install malicious codes on your computer.
    2. Keep passwords safe
    Yes, it’s a hassle, but you need to use strong passwords that include numbers, letters and symbols, and you need to change them regularly. Use different passwords for your social websites, personal life and financial life, so that if one of them is breached, the rest are still secure. If you can’t remember all your passwords, use a secure program for their storage. You don’t want to make it easy to access your accounts if your computer is stolen, so don’t allow your computer to save your passwords.
    3. Browse safely
    Make sure you have a secure, password-encrypted Internet connection, the latest security software and the most recent version of your Web browser installed on your computer. Avoid opening a second tab or browser while doing financial transactions online because while financial websites are encrypted, visiting a non-secure website simultaneously could open up access to information from the secure content. And clear your computer’s memory cache when you’re done.
    4. Check site URLs carefully
    Your financial institution will never ask for personal information online, so don’t trust a link you receive by e-mail. It may be a phishing attempt directing you to a fraudulent website. Look for signs a site is secure before doing business with them. Secure sites begin with “https.” Some browsers may also display a closed padlock icon, or the address bar may appear green to indicate it is safe.
    5. Watch your transactions
    Be your own credit-monitoring service. At least once a week, check your debit and credit card transactions either by phone or online. This will allow you to catch fraudulent transactions quickly, report them and avoid financial liability.


    6. Review your credit report
    At least once a year, order a free credit report from Equifax or TransUnion and check it for discrepancies. If someone has stolen your identity and used it to access credit in your name, this may be the only way to find out and have it rectified.
    7. Report fraud attempts
    To avoid financial liability, it’s important to report fraud quickly. First, notify your financial institution. Then contact the two credit bureaus,TransUnion and Equifax, to have a fraud alert placed on your file to minimize damage to your credit history. Be sure to also notify your local police and the Canadian Anti-Fraud Centre to help prevent further fraud.

    jeudi 21 juillet 2011

    shaw capital management financial news: tumblr

    http://beckymaccery.tumblr.com/post/7878420885/shaw-capital-management-financial-news


    (Reuters) – The euro and dollar both struck record lows against the Swiss franc in Asia on Monday while gold reached new highs as investors sought safety from debt problems plaguing the European Union and United States.
    The euro gapped lower against the Swiss franc to change hands at a trough of 1.1365 according to dealers, down from 1.1501 late in New York on Friday.
    Likewise the dollar traded as low as $0.8034 on EBS, against $0.8129 late on Friday, while gold popped as high as $1,598.41.
    “We have limited hope that a comprehensive solution to the European and US problems will emerge in the next few days, or that there will be increased clarity in the global economic outlook,” said analysts at Barclays.
    “Hence, we expect the very nervous, illiquid trading conditions of recent weeks to continue…we recommend limited risk exposures.”
    All of which kept the euro pinned at $1.4124, against $1.4144 late on Friday. Immediate support was put at $1.4063 with resistance at $1.4199.
    The single currency escaped relatively unscathed from the EU bank stress tests released on Friday, though dealers said the market had little confidence in the results.
    Attention had shifted to the next emergency meeting of EU leaders scheduled for Thursday, amid signs they are edging nearer to a proposal to buy back Greek debt.
    German Chancellor Angela Merkel called on Sunday for private investors to make a major contribution to bailing out Greece. Officials proposed a range of schemes for the European Financial Stability Facility to finance a buy-back or a swap in which private owners of Greek government bonds would accept cuts in the face value of their holdings.
    Meanwhile, in the United States there was little evidence of progress on raising the country’s borrowing ceiling ahead of a deadline of August 2.
    Republican and Democratic senators sought on Sunday to craft a plan that could avert a government debt default should the talks remain stalemated.
    Senior Democratic aides said the U.S. Senate will likely begin considering the compromise measure this week. They predicted the Democratic-led Senate would pass the legislation, but winning over the Republican-led House of Representatives would pose a bigger challenge.
    Both Standard & Poor’s and Moody’s have warned they could downgrade the country should the debt limit not be raised.
    One early mover in Asia was the New Zealand dollar, which climbed after domestic inflation data proved higher than expected, adding to speculation that interest rates might rise before year end.
    The kiwi rose to $0.8470, from $0.8445 before the government reported consumer prices rose 1 percent in the second quarter. Last week, it hit a 30-year peak of $0.8507 as growth figures showed the economy faring better than expected

    You Say Too-Shaw Capital Management Financial News

    http://www.yousaytoo.com/shaw-capital-management-financial-news/911690


    (Reuters) – The euro and dollar both struck record lows against the Swiss franc in Asia on Monday while gold reached new highs as investors sought safety from debt problems plaguing the European Union and United States.
    The euro gapped lower against the Swiss franc to change hands at a trough of 1.1365 according to dealers, down from 1.1501 late in New York on Friday.
    Likewise the dollar traded as low as $0.8034 on EBS, against $0.8129 late on Friday, while gold popped as high as $1,598.41.
    “We have limited hope that a comprehensive solution to the European and US problems will emerge in the next few days, or that there will be increased clarity in the global economic outlook,” said analysts at Barclays.
    “Hence, we expect the very nervous, illiquid trading conditions of recent weeks to continue…we recommend limited risk exposures.”
    All of which kept the euro pinned at $1.4124, against $1.4144 late on Friday. Immediate support was put at $1.4063 with resistance at $1.4199.
    The single currency escaped relatively unscathed from the EU bank stress tests released on Friday, though dealers said the market had little confidence in the results.
    Attention had shifted to the next emergency meeting of EU leaders scheduled for Thursday, amid signs they are edging nearer to a proposal to buy back Greek debt.
    German Chancellor Angela Merkel called on Sunday for private investors to make a major contribution to bailing out Greece. Officials proposed a range of schemes for the European Financial Stability Facility to finance a buy-back or a swap in which private owners of Greek government bonds would accept cuts in the face value of their holdings.
    Meanwhile, in the United States there was little evidence of progress on raising the country’s borrowing ceiling ahead of a deadline of August 2.
    Republican and Democratic senators sought on Sunday to craft a plan that could avert a government debt default should the talks remain stalemated.
    Senior Democratic aides said the U.S. Senate will likely begin considering the compromise measure this week. They predicted the Democratic-led Senate would pass the legislation, but winning over the Republican-led House of Representatives would pose a bigger challenge.
    Both Standard & Poor’s and Moody’s have warned they could downgrade the country should the debt limit not be raised.
    One early mover in Asia was the New Zealand dollar, which climbed after domesticinflation data proved higher than expected, adding to speculation that interest rates might rise before year end.
    The kiwi rose to $0.8470, from $0.8445 before the government reported consumer prices rose 1 percent in the second quarter. Last week, it hit a 30-year peak of $0.8507 as growth figures showed the economy faring better than expected.

    mercredi 20 juillet 2011

    Government bond Markets Part 2 of 3:Shaw Capital Management Newsletter

    http://www.free-press-release.com/news-government-bond-markets-part-2-of-3-shaw-capital-management-newsletter-1277127310.html


    Shaw Capital Management Korea February Newsletter: Article two of three - Bond markets in mainland Europe have also fallen back towards year-end. There are signs of a modest improvement in the background economic situation in the euro-zone; and this seems to be persuading the European Central Bank to withdraw some of the liquidity measures that it introduced to counter the recession as part of a general tightening of monetary policy that might soon include higher short-term interest rates. 

    Shaw Capital Management Korea February Newsletter: Article two of three - But a more serious immediate consideration for the markets has been the decision by some of the rating agencies to downgrade the credit rating of Greek government bonds, and to warn that other periphery member countries of the euro-zone have been placed on “credit watch” and might suffer the same fate. Investors have responded by widening the yield spreads between the bonds of member countries, and by pushing the overall level of yields higher. The markets appear to be expecting that the process will continue. The Fed appears to agree with this more optimistic view, arguing that economic activity is continuing to pick up, and that the deterioration in the labour market is abating. for weaknesses elsewhere. 

    Shaw Capital Management Korea February Newsletter: Article two of three - There is also a fear that the contraction that is occurring in banking lending, and in the money supply, may be leading to another credit crunch this year that could extend the economic slowdown. Bank loans to businesses were 1.9% lower in November 2009 than in same month in 2008, and M3 money supply was 0.2% lower, and has been shrinking now for several months. Since an expansion in banking lending was a major plank in the European Central Bank’s efforts to combat the recession, this latest evidence of a contraction is a major policy failure, and should be persuading the ECB to move very slowly in dismantling its emergency measures; but all the evidence suggests that it is preparing to act. The latest meeting of its governing council left short-term interest rates and overall monetary policy unchanged; but subsequently the bank chairman argued that some of the existing liquidity measures were no longer needed and would be gradually replaced. This was a disappointment for bond investors, not only because such action might be premature and extend the recession, but also because some of the funds that had been made available had been used to support government bond issues. 

    Shaw Capital Management Korea February Newsletter: Article two of three - However the more serious consideration was the downgrade of Greece’s credit rating, and the threat that other member countries of the euro-zone might receive similar treatment because of the increased risk of defaults. Bond issues in the zone reached the equivalent of $1350 billion in 2009, and are likely to exceed that figure this year, with Greece alone needing to sell $83 billion, and likely to try to rely on overseas investors for at least half the funds. 

    Article part two of three. 

    Shaw Capital Management Korea - Investment Innovation & Excellence. We provide the information, insight and expertise that you need to make the right investment choices. Shaw Capital Management based in Korea typically offers its clients such services as asset allocation and portfolio design; traditional and non-traditional manager review and selection; portfolio implementation; portfolio monitoring and consolidated performance reporting; and other wealth management services, including estate, tax, trust and insurance planning, asset custody, closely held business issues associated with the establishment or expansion of a family office, the formation of family investment partnerships or LLCs, philanthropy, family dynamics and inter-generation issues, etc. 
    Every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor. 

    Shaw Capital Management: South Korea's Economy

    http://business.ezinemark.com/shaw-capital-management-south-korea-s-economy-3197db46a11.html

    South Koreas output is continuing to accelerate, and the government needs to exit from its accommodative economic policies earlier than anticipated. The HSBC Koreas purchasing managers index (PMI) rose from 55.6 in January to 58.2 in February the highest since December 2007. New orders are coming in, and there are rising backlogs of unfulfilled orders.

    Shaw Capital Management: South Koreas Economy - Employment too is rising suggesting that the current pace of growth will be sustained for the next several months. Inflation paced a little with consumer prices up 3.1% in January from a year earlier. But inflation in Korea is likely to remain stable for some months.

    The central bank is expected to tighten its monetary policy by starting to raise interest rates from the current record low of 2% in the later part of the second quarter as the government retains its focus on job creation and growth.

    Shaw Capital Management: South Koreas Economy - Exports expanded 31% year on year, better than Reuters forecast of 22.7%. 
    South Korea posted a much larger-than-expected
    trade surplus of $2.33 billion in February as ship deliveries boosted exports, while imports fell as holidays reduced crude oil and natural gas demand.

    The government expects a monthly trade surplus of more than $1 billion from March as demand improves. The current-account surplus is most likely to dwindle to around $17 billion this year from $42.7 billion in 2009 as imports rise. A new Bank of Korea governor, widely expected to be a more pro-government figure, will not rush to raise rates after taking office
    in April.

    Exports grew 31% from a year earlier to $33.27 billion, faster than the expected rise of 21%, while imports climbed 36.9% to $30.94 billion, exceeding a forecast of an expansion of 34.0%.

    South Korea, which is heading the G20 group of leading economies wants to leave an imprint of its presidency.

    Shaw Capital Management: South Koreas Economy - It is trying to introduce a system of international currency swaps which it hopes will reduce global imbalances by lessening the need for countries to accumulate reserves, seen as one of the causes of last years financial and
    economic crisis.

    Shaw Capital Management - Every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor. 
    Our philosophy is simple: almost every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor.

    Before Shaw Capital launched the open architecture revolution, investors had to make the unhappy choice between selecting an advisor who was independent, but unsophisticated (the traditional pension and endowment consulting firms), or selecting an advisor who was sophisticated but had conflicting interests (global banks, trust companies, money management firms).

    Today, virtually all investors faced with the challenge of managing a significant pool of capital can access open architecture advice.

    A true open architecture firm is completely independent of the rest of the financial services industry and accepts compensation only from its clients.

    In addition, open architecture firms must make the financial commitment to hire only the most experienced advisors, and those advisors must apply their experience to the issues that will most affect their clients' wealth.

    Matters like asset allocation and manager search are simply too important to be left in the hands of young analysts.

    We are proud of our role in leading the open architecture revolution, and look forward to introducing you to its benefits.