there is no end to the horror some humans can place on other humans..a couple of these i have never heard of..
there is no end to the horror some humans can place on other humans..a couple of these i have never heard of..
Remembering a PIN code may become a thing of the past for credit card holders. MasterCard along with biometrics company Zwipe say that in 2015 they will offer the world’s first credit card which uses fingerprints to confirm payment.
“Our challenge is to ensure the technology offers robust security, simplicity of use and convenience for the customer,” Ajay Bhalla, President of Enterprise Security Solutions at MasterCard said in a press release published Friday.
The new generation cards will include a biometric sensor, the cardholder’s fingerprint data and MasterCard’s contactless application. The card is activated by pressing the holder’s thumb against the scanner. With the card’s fingerprint scanner, the sensor identifies a user’s fingerprint in a second comparing it with data stored in the card’s memory. This procedure makes contactless payment simple, secure and quick.
Fingerprints will no longer be kept in an external database, as is the case with regular bank cards; information will be stored on the card itself. On top of that, biometric authentication will do away with limits on the amount of money transacted.
A card prototype was demonstrated in London on Friday and has undergone tests at Norway’s Sparebanken DIN bank. The sample is thicker than a standard plastic card due to a battery that powers the integrated fingerprint sensor, according to PCWorld (pcworld.com). However, the company plans to create cards of the same format and size as the standard and optimize them for making transactions in any payment terminal.
The designers plan to do without a battery in new biometric cards. They say devices will “harvest energy” from contactless payment terminals, so it will be enough to swipe a card to charge it.
Zwipe and MasterCard are not the only companies to develop a contactless payment system: launching today, Apple Pay is going to allow owners of a new IPhone 6, 6plus and 5S to make non-contact payments by linking cards issued by most US banks through MasterCard to their phones.
“MasterCard along with biometrics company Zwipe say that in 2015 they will offer the world’s first credit card which uses fingerprints to confirm payment.”
biometrics is definitely coming to all facets of our life..apple got the ball rolling..countries like india use it for ID already..in 10 years passwords and pins maybe something from another age..
but nothing is unhackable..
Wall Street’s main regulator on Monday stepped up his campaign to improve the ethical culture of large banks.
A year ago, William C. Dudley, the president of the Federal Reserve Bank of New York, took aim at banker behavior in a speech that revealed his frustration after a string of bank scandals. But on Monday, after more cases of wrongdoing in the industry, Mr. Dudley seemed intent on signaling that he wanted to add actions to his words. In particular, he told bankers assembled at the New York Fed that continued ethical lapses would be a sign that their institutions were too big to manage — and that they might need to be reduced in size.
“If those of you here today as stewards of these large financial institutions do not do your part in pushing forcefully for change across the industry, then bad behavior will undoubtedly persist,” Mr. Dudley said in a speech. “If that were to occur, the inevitable conclusion will be reached that your firms are too big and complex to manage effectively.”
The Wall Street executives at the New York Fed were there for a conference devoted to bank culture. James P. Gorman, chief executive of Morgan Stanley, was named as a participant in a list posted by the New York Fed, but neither Jamie Dimon, chief executive of JPMorgan Chase, nor Lloyd Blankfein, chief executive of Goldman Sachs, were listed in the document.
A participant at the conference said that the executives in attendance were unnerved by the part of Mr. Dudley’s speech in which he talked about downsizing large banks.
“It is up to you to address this cultural and ethical challenge,” Mr. Dudley added. “So let’s get on with it.”
Mr. Dudley, a former Goldman Sachs economist, has attempted to overhaul the culture of his own staff. In the lead up to the financial crisis, the New York Fed failed to spot some of the large risks building up in the banks it regulated. But questions about the Fed’s progress arose recently when a former New York Fed bank regulator, offering audio recordings as evidence, asserted that her fellow bank examiners had lacked resolve.
Dudley worked at Goldman Sachs from 1986 to 2007, holding the position of chief economist for ten years before he was hired by then-president of the New York Federal Reserve Timothy Geithner to oversee the department in charge of buying and selling government securities. According to salary figures released in 2010, Dudley is paid “more than $410,000 per year”, making him one of the two highest-paid of the twelve presidents of the Federal Reserve Banks.
He is member in the Group of Thirty.
The Group of Thirty, often abbreviated to G30, is an international body of leading financiers and academics which aims to deepen understanding of economic and financial issues and to examine consequences of decisions made in the public and private sectors related to these issues. Topical areas within the interest of the group include: the Foreign exchange market, international capital markets, international financial institutions, central banks and their supervision of financial services and markets, and Macroeconomic issues such as product and labor markets.
The group is noted for its advocacy of changes in global clearing and settlement.
The group consists of thirty members and includes the heads of major private banks and central banks, as well as members from academia and international institutions. It holds two full meetings each year and also organises seminars, symposia, and study groups. It is based in Washington, D.C.
The Group of Thirty was founded in 1978 by Geoffrey Bell at the initiative of the Rockefeller Foundation, which also provided initial funding for the body. Its first chairman was Johannes Witteveen, the former managing director of the International Monetary Fund. The G30’s current Chairman is Jean-Claude Trichet. Its current Chairman of the Board of Trustees is Jacob Frenkel, and Paul Volcker is Chairman Emeritus.
pot meet kettle..
when you deal with fed presidents you deal with upper echelon stooges..and this guy is just that..
group of thirty member..ex goldman sachs..attends CFR engagements..tick tick tick..
“executives in attendance were unnerved by the part of Mr. Dudley’s speech in which he talked about downsizing large banks.”
“In the lead up to the financial crisis, the New York Fed failed to spot some of the large risks building up in the banks it regulated.”
incorrect..they saw it..but did nothing..
I obviously don’t know whether we are now seeing the end of the current stock market bubble, during which the S&P index has risen 102 percent since October 2008. But there are people like my friend Peter Grandich of Trinity Financial, who has been excellent at predicting market corrections in the past and who thinks this is the end.
I already brought up the sensitive issue of a market crash in a column on Oct. 9 that began: “Is this the month the stock market will crash?”
October is historically a spooky month for stocks, and in that column I rattled off the crashes and major price corrections of 1929, ’78, ’79, ’87, ’89 and 2008 to prove it.
Will 2014 soon be added to that list? That’ll be the cliffhanger in today’s column.
But let me explain about the unknown forces in the market these days. Call it by a nickname — the Plunge Protection Team. Or call it the President’s Working Group on Financial Markets, the official name given to the group when it was formed by President Ronald Reagan after the market turbulence of 1989.
These forces may be working from a script in the “Doomsday Book,” which the US government recently fought to keep secret when it was brought up last week during the AIG trial in Washington.
Here’s the bottom line: Someone tried to rescue the market last Wednesday. And it’s becoming a regular occurrence.
The details of last Wednesday morning are these: At the same time the Dow was off 350 points, the S&P index was down 43.80 points, That was an enormous decline in just 11 minutes of trading and it was an indication that Wall Street was not having a good day.
Then, someone (or something) started buying S&P futures contracts en masse. Twenty-one minutes later, the S&P index had regained 30 of those lost points and was back at 1,861.
Maybe you’ll believe that there was some manipulation going on if you knew that a guy named Robert Heller, who was a member of the Federal Reserve’s Board of Governors until 1989, proposed just such a rigging as soon as he left the Fed.
Look it up. Oct. 27, 1989, Wall Street Journal. Headline: “Have Fed Support Stock Market, Too.” By Robert Heller, who had just left the Fed to head up the credit card company Visa.
“It would be inappropriate for the government or the central bank to buy or sell IBM or General Motors shares,” Heller wrote. “Instead, the Fed could buy the broad market composites in the futures market.”
In case you don’t know the lingo, Heller is proposing that the Fed or government purchase stock futures contracts that track — and can influence — the major indices.
These contracts are cheap and a government could turn the whole stock market around quickly — but probably not permanently.
Wow! Doesn’t that seem a lot like what happened Wednesday at 9:41 a.m., when S&P futures contracts were suddenly and mysteriously scooped up?
Let me allow Heller to finish his thought because it’s important to anyone who believes in free and fair markets.
“The Fed’s stock-market role ought not to be very ambitious. It should seek only to maintain the functioning of the markets — not to prop the Dow Jones or the New York Stock Exchange averages at a particular level,” he continued.
But times change and so does thinking. In recent weeks, we’ve discovered that the CME Group, the exchange in Chicago, has an incentive program under which foreign central banks could buy stock market derivatives like the S&P contracts at a discount.
It’s not that these foreign banks need a break on the price of their trading. But it does show that there is a back-door way — through foreign emissaries — for the Fed and the US government to prop up stocks like Heller suggested, and — maybe — not get caught.
we know it as the PPT..legatus was a fail this week but how much of that is due to the PPT?
this market is so flimsy it goes up or down a percentage point on sentences or rumours..a castle built on sand..if the PPT werent propping it up..juts how quick and how low would it go?
please note that when he talks of last wednesday he actually means the 15th of october not the 22nd..
“Instead, the Fed could buy the broad market composites in the futures market.”
thats where they lurk and hide..
The Syrian military has stepped up air strikes on rebel areas dramatically, carrying out more than 200 in recent days, opposition activists say.
The Syrian Observatory for Human Rights said the raids took place mostly in western areas between midnight on Sunday and noon on Tuesday.
The UK-based group said there were many casualties, but did not give a figure.
The intensified strikes come as US-led forces continue to bomb Islamic State (IS) militants in Syria and Iraq.
US and Arab jets have been attacking IS positions around the northern Syrian town of Kobane, where Kurdish fighters are under siege.
In an interview with the BBC, the US special envoy for the global coalition to counter IS defended the airdrops of military supplies into Kobane despite some of them ending up in the hands of the jihadist group.
The Syrian air force’s strikes targeted rebel-held areas in Quneitra, Deraa, the Damascus countryside, Hama, Idlib and Aleppo, the Syrian Observatory said.
The provinces stretch from the country’s south-west through the capital, Damascus, to the far north-west.
The eastern province of Deir al-Zour, where government forces have been battling IS militants, was also bombed over the same period.
At least eight people were also reportedly killed on Tuesday in an air raid on a rebel-held town along Syria’s southern border with Jordan.
The Local Co-ordination Committees, an opposition activist network, said government planes had dropped explosives-laden canisters on Nassib.
On Wednesday, warplanes carried out 10 strikes on the towns of Murak and Kafr Zaita, in Hama province, the Observatory said.
The Syrian Observatory says the air force carries out 12 to 20 strikes a day on average so the 210 that took place over 36 hours represent a rapid increase.
Analysts said the military might be stepping up its air campaign in an effort to weaken rebel groups before they began receiving training and equipment from the US and its allies so that they can take the fight to IS on the ground in Syria.
In a separate development, Information Minister Omran al-Zoubi said the Syrian air force had destroyed two of three fighter jets seized by IS.
The jets were bombed as they landed on the runway of the Jarrah air base in the eastern Aleppo countryside, Mr Zoubi told Syrian TV late on Tuesday. The air force was searching for the third jet, he added.
On Friday, activists said IS militants had flown the jets over Aleppo with the help of former Iraqi air force pilots.
The Syrian government has admitted that the ISIL Takfiri militants have conducted flights by three captured planes belonging to the Syrian army.
Syrian Information Minister Omran al-Zoubi said the country’s forces managed to shoot down two of the three after they made trial flights over the northwestern city of Aleppo on Tuesday.
“Regarding… that terrorists control three jets in al-Jarrah military air base in Aleppo, there are three old aircraft that the terrorists were testing so the Syrian Arab Army immediately destroyed two of them on the runway as they were landing,” Zoubi said.
He noted that the Syrian government is not worried about the third plane as it “cannot be used” by the militants.
assad, who has been battling IS for nearly 2 years is still in a huge war to the death..but he cant be beaten..thats been shown..and it looks like IS may have gotten their hands on some jets..2 down and 1 more to go?
“the military might be stepping up its air campaign in an effort to weaken rebel groups before they began receiving training and equipment from the US”
that would be prudent eh?
Serum made from the blood of recovered Ebola patients could be available within weeks in Liberia, one of the countries worst hit by the virus, says the World Health Organization.
Speaking in Geneva, Dr Marie Paule Kieny said work was also advancing quickly to get drugs and a vaccine ready for January 2015.
The Ebola outbreak has already killed more than 4,500 people.
Most of the deaths have been in Guinea, Liberia and Sierra Leone.
Dr Kieny, WHO assistant director general for health system and innovation, said: “There are partnerships which are starting to be put in place to have capacity in the three countries to safely extract plasma and make preparation that can be used for the treatment of infective patients.
“The partnership which is moving the quickest will be in Liberia where we hope that in the coming weeks there will be facilities set up to collect the blood, treat the blood and be able to process it for use.”
It is still unclear how much will become available and whether it could meet demand.
In other developments:
If a person has successfully fought off the infection, it means their body has learned how to combat the virus and they will have antibodies in their blood that can attack Ebola.
Doctors can then take a sample of their blood and turn it into a treatment called serum – by removing the red blood cells but keeping the important antibodies – for other patients.
this will be the front line until the “vaccine” is created..and big pharma will get full indemnity on all of these experimental “cures” they will come up with..
“There are partnerships which are starting to be put in place to have capacity in the three countries to safely extract plasma and make preparation that can be used for the treatment of infective patients.”
i want to know what companies..as always..
A Muslim convert shot dead a Canadian soldier at the National War Memorial in Ottawa today before exchanging dozens of shots with guards inside Parliament in a terrifying attack that left the nation’s capital on lockdown.
Michael Zehaf-Bibeau fatally shot Corporal Nathan Cirillo, a 24-year-old father, as he stood guard at the War Memorial on Wednesday morning.
Zehaf-Bibeau then ran inside the Parliament, where he opened fire before he was shot dead by the House of Commons Sergeant-at-Arms.
Zehaf-Bibeau, who had a criminal history for drug trafficking in Montreal and robbery in Vancouver, was born in Quebec as Michael Joseph Hall but recently converted to Islam, CBS reported.
Sources told the Globe and Mail that he had been designated ‘high-risk traveler’ and government had seized his passport
His attack comes just two days after another Canadian soldier was killed in Quebec by a man with jihadist sympathies.
Authorities initially said they believed ‘two or three’ gunmen were responsible for the attack in Ottawa on Wednesday, but at an afternoon press conference, Chief of Police Charles Bordeleau would not confirm whether or not they are still searching for other shooters.
‘We’re still in the process of clearing Parliament Hill,’ he said. ‘It is a slow and methodical process.’
The shooting spree began at 9.52am when witnesses reported seeing a gunman climb out of a car, grab a rifle, shoot the soldier in the abdomen and then run towards Parliament.
Corporal Cirillo was rushed to hospital but later succumbed to his injuries.
Cirillo, a fitness fanatic and animal lover with a young son, was a reservist serving with the Argyll and Sutherland Highlanders in Hamilton.
‘Nathan was a good man,’ friend Marie Michele told CBC News. ‘He would give anything to anyone.’
Ottawa police then received a call at 9.54am that shots had been heard inside the Parliament, while journalists cowering inside said they heard dozens of rounds and could smell gunpowder in the halls.
The killer today was identified as Michael Zehef-Bibeau a high risk traveller who recently had his passport revoked.
The Globe and Mail reported:
Federal sources have identified the suspected shooter as Michael Zehef-Bibeau, a man in his early 30s who was known to Canadian authorities.
Sources told The Globe and Mail that he was recently designated a “high-risk traveller” by the Canadian government and that his passport had been seized – the same circumstances surrounding the case of Martin Rouleau-Couture, the Quebecker who was shot Monday after running down two Canadian Forces soldiers with his car.
The shooter had recently converted to Islam.
lets see what eventuates..you can guarantee the canadian government will now have all the leverage they want need to do anything they want..and they will..never waste a crisis..