Creator of hacking software announces retirement

Creator of hacking software announces retirementThe Russian creator of the malicious software that has been used to steal an estimated $100 million so far this year from U.S. towns, companies and individuals, has announced to retire from the world of hacking computers.
But security experts believe there is a good chance he will soon emerge with even more powerful ways to steal, a pattern of behavior seen after previous retirements in 2007 and 2008.
ZeuS’ anonymous programmer, who lives in Russia and seems to like nice cars and powerful trucks, first introduced ZeuS in 2007 as spyware that would hide in users’ computers and log keystrokes to steal passwords, said Don Jackson, director of threat intelligence at the security firm SecureWorks.The programmer, rather than doing the stealing himself, used a middleman to sell the spyware software to criminal gangs. A basic version would run as low as $1,000 but could be customized for an extra fee. He would also offer 24/7 support.

Angelina Jolie defends daughter style

NEW YORK: It’s never easy being a style trendsetter, opening yourself up for criticism from the world’s fashionista.

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Angelina Jolie defends daughter style

Stocks rise; rupee eases further to new low

KARACHI: The Karachi Stock Exchange”s (KSE) benchmark 100-share index, ended 0.73 percent, or 71.30 points, higher at 9,860.99. Turnover was 77.94 million shares, up from 50.55 million shares traded on Wednesday.

The index edged higher amid renewed interest from local investors on hopes that margin buying would soon be reintroduced in the market.

KSE authorities and the Securities and Exchange Commission of Pakistan (SECP) met last month to discuss margin buying and other leveraged products, and decided to form a committee required to submit its recommendations within 15 working days.

A meeting of the stakeholders to discuss the issue took place on Thursday, dealers said, though further details were not immediately available.

“The ongoing meeting regarding leverage products enticed Investors enough to remain active through out the day,” said Samar Iqbal, a dealer at Topline Securities.

“Continued institutional support enhanced volumes, while modest profit taking from retailers was also witnessed towards the end of the session.”

The rupee edged further lower on Thursday to close at yet another record closing low against the dollar – its third in as many days – but dealers said sharp falls were unlikely in coming days.

The rupee ended at a record 85.65/70 to the dollar, down from 85.61/66 on Wednesday.

“The demand for the dollar from importers is persisting, therefore, we saw the rupee slide further today,” said a dealer at a local bank.

“However, we also saw some exporters selling dollars in the market to take advantage of the higher values, which improved dollar supplies,” he said.

Dealers said they expected the rupee to hover around current levels in days ahead, and said while it can ease slightly further, any major fall was unlikely as dollar supplies improved and demand also expected to subside.

In the money market, overnight rates rose to end at 12 percent from 11.0-11.5 percent a day earlier, and dealers expected them to remain around current levels near-term.

Forex reserves jump to record $16.77bn

KARACHI: Pakistan”s foreign exchange reserves rose to a record $16.77 billion in the week ending July 2, thanks to foreign inflows worth $750 million received during the week, the central bank said on Thursday.

The reserves stood at $15.83 billion the previous week.

“We received $470 million from the Asian Development Bank, $95 million from the World Bank and $185 million from USAID, which has pushed the reserves to a record level,” said Syed Wasimuddin, the State Bank of Pakistan”s (SBP) chief spokesman.

The previous record high was $16.45 billion, hit in October 2007, he said.

Reserves held by the SBP rose to $12.95 billion from $12.06 billion a week earlier, while those held by commercial banks edged up to $3.82 million from $3.77 billion, said Wasimuddin.

SBP receives $710 mln from world donors

KARACHI: The State Bank of Pakistan (SBP) has received 710 million dollars from international donors during the last few days of the fiscal year 2009-10.

SBP spokesman, Syed Wasimuddin told Geo News that 470 million dollars have been received from the World Bank and 175 million dollars from Asian Development Bank as latest installments of loans while USAID has provided grant of 65 million dollars.

According to experts, the international financial assistance will help Pakistan meet its budget deficit.

Portfolios of new federal ministers announced

ISLAMABAD: The federal government has announced the portfolios of three new federal ministers took oath earlier today, ARY NEWS reported here Saturday.

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Portfolios of new federal ministers announced

2 British troops killed in Afghanistan

LONDON: Britain’s military says two soldiers have been killed in a gun battle with Taliban fighters in Afghanistan.

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2 British troops killed in Afghanistan

G-20 finmins agree on need to curb deficits

BUSAN, South Korea: Finance ministers and central bankers from the world’s leading economies agreed Saturday on the need to cooperate in fending off financial market turmoil and keeping the world economic recovery on track.

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G-20 finmins agree on need to curb deficits

G20 set to delay banking reform

BUSAN: Finance ministers from the world”s leading nations sought Saturday to narrow differences on key banking reforms before wrapping up a two-day meeting aimed at safeguarding a fragile recovery.

The G20 ministers meeting in South Korea”s southern port city of Busan are engaged in a delicate balancing act: nursing a fragile global recovery from the 2008-9 crisis while reining in massive deficits in some member nations.

The issue of new capital and liquidity standards for banks has been divisive going into the meeting, but signs emerged that the group was edging towards consensus in allowing more time for implementation.

“I think that can be worked out over time. There could be a compromise over that,” Canadian Finance Minister Jim Flaherty told reporters.

The International Monetary Fund is expected to present a revised draft proposal on a banking tax at the meeting, which is being held to prepare for a Toronto summit on June 26-27.

Many argue more time is needed to assess the implications of tighter banking requirements and how any global standard can be reconciled with an array of different national regulatory plans and tax regimes.

“I hope we will reach a consensus on principles. But as for the timing, we will see,” French economy minister Christine Lagarde said late Friday, adding it was “an open secret” that Canada and Australia oppose rushing a bank tax.

The proposed global tax is supported by European powers and the United States but resisted by some developing nations plus Canada and Australia, who argue that they should not have to pay to clear up a mess they did not create.

However, such opposition is “short-sighted”, said one official who did not wish to be named.

“The argument that ”we didn”t have a crisis, so we don”t have to do anything” is very short-sighted. You didn”t but you might next time,” the official said.

“In the same way traffic laws are designed to guarantee safety, there are enforcement mechanisms and still there are traffic accidents. You can”t design a system where there are no accidents.”

US Treasury Secretary Timothy Geithner this week said it would be “perfectly reasonable to use transition periods to make it easier for countries to adjust” to stricter banking rules.

The eurozone debt crisis has cast doubt over the durability of a fragile global economic recovery, with ministers at the Busan meeting working to prepare a path towards sustainable and balanced growth.

Markets remain ruffled despite the European Union”s move to craft a 750-billion-euro (913 billion dollar) rescue plan and a European Central Bank effort to buy the bonds of troubled countries such as Greece.

century 21 department store

Century 21 department store is a chain of department stores. All of its products is sold less than the usual department store price. There are Century 21 department store located in Long Island/Westbury (NY), Brooklyn (NY), Morristown (NJ), and Paramus (NJ), but the largest location is in Lower Manhattan, across the street from the World Trade Center site. Century 21 Department Store is well-known for having extremely discounted designer clothing, accessories, shoes, and housewares.
Not to be confused with the chain Forever 21, Century 21 is also the name used for the giant real estate holding company.
The reason Century 21 Department Store in New York is so hot on Google today is because the women on ABC’s “The View” discussed it this morning during their show!

Monday, May 10, 2010 kicked off Budget Week on “The View” and to help do so, the women were all wearing designer outfits that were purchased at the popular discount retailer, Century 21. Best of all, every one of their outfits was purchased for less than $100!

Barbara Walters, who made a big announcement during the show today, was wearing a stylish pink blazer that was purchased at Century 21, and Elizabeth’s cream-colored jacket, and Joy’s v-neck sweater, as well as all the other looks the ladies were wearing this morning were pulled from Century 21’s racks.

The department store, very popular in New York City, offers designer duds at discount prices, and is well known among stylish men and women as the best place in the city to find inexpensive and unique designer clothes, accessories and home goods.

I love Century 21 and have snagged some great shoes and handbags from there over the years.

Visit Century 21’s website for locations in New York City and surrounding areas.

Another big event on today’s episode of “The View” was Barbara Walter’s surprise announcement that she will be having heart surgery in just a few days. She said, “Later this week I’m going to have surgery to replace one faulty heart valve. Now, lots of people have done this and I have known of this condition for a while now. And my doctor’s and I have decided that this is the best time to do the surgery. And since the summer is coming up, I can take a nice vacation.”

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