Home » Archive for August 2012

Old Bridge Shooting: Several Reportedly Killed In Mass Shooting At New Jersey Pathmark

Several people have reportedly been killed in a shooting at a mall in Old Bridge, New Jersey in the early hours of Friday morning.

ABC News reports that police responded to shots fired inside the Pathmark, where employees were stocking shelves, at 1043 Route 9 just before 4 a.m.

NBC New York is reporting that the gunman was killed in the shoot out. It is unclear at this time how many other people have died.

Memorials honor first moon-walker,Neil Armstrong

The late astronaut Neil Armstrong, first man on the moon, will be memorialized in ceremonies around the country on Friday (Aug. 31).

Armstrong, 82, passed away Aug. 25 due to complications resulting from cardiovascular surgery, which he underwent earlier this month.

In July 1969, Armstrong commanded Apollo 11, the first manned lunar landing mission. His first words upon setting foot on the moon were, "That's one small step for (a) man, one giant leap for mankind."

Armstrong's family, together with invited guests including the first moonwalker's fellow astronauts and the leadership of NASA, were gathering for a private memorial service in Cincinnati. The ceremony at the Camargo Club, a private golf course, was scheduled to begin at 11 a.m. EDT (1500 GMT).

The family's service was strictly invitation-only and closed to the press. Among the confirmed attendees are Apollo astronauts Bill Anders, Jim Lovell and Gene Cernan, as well as Senator Rob Portman (R-OH), who was to eulogize Armstrong. NASA's chief Charles Bolden and his deputy Lori Garver were also scheduled to attend. [Neil Armstrong - An Astronaut Icon (Photos)]

National remembrances

According to NASA, planning is underway for a national service to be held in Washington, D.C. sometime in the next two weeks.

In the meantime, two NASA centers were holding public tributes on Friday.

The U.S. Space & Rocket Center, the visitor center for NASA's Marshall Space Flight Center in Huntsville, Ala., announced a 10 a.m. EDT (1400 GMT) ceremony around its vertical Saturn V rocket display, where red, white and blue balloons would be released in memory of Armstrong.

The Kennedy Space Center in Florida was also set to meet around its moon rocket exhibit at the Apollo/Saturn V Center, where center director Robert Cabana was set to lead the remembrance.

President Barack Obama ordered flags be flown at half mast on the day Armstrong was interred, although when that will occur and where the late moonwalker will be laid to rest is not yet public.

Wink at the (blue) moon

Earlier this week, the Armstrong Air and Space Museum in the astronaut's hometown of Wapakoneta, Ohio held a public tribute, where attendees gathered to "wink at the moon," a gesture first suggested by Armstrong's family.

"For those who may ask what they can do to honor Neil, we have a simple request. Honor his example of service, accomplishment and modesty, and the next time you walk outside on a clear night and see the moon smiling down at you, think of Neil Armstrong and give him a wink," the family said in a statement.

In a coincidental bit of cosmic alignment, Friday is a "blue moon," or the second full moon of the month.

More tangible tributes are underway on television and in print.

The Discovery Channel is set to air "One Giant Leap: A Neil Armstrong Tribute," a new one-hour documentary, on Saturday at 8 p.m. EDT (check local listings). The program includes footage from Armstrong's final public appearance and interviews with Apollo 11 crewmates Buzz Aldrin and Mike Collins.

And Easton Press, which specializes in limited edition, leather-bound books, has partnered with LIFE magazine to publish a special 96 page photo retrospective. The book, "Neil Armstrong, 1930-2012," is set for release in October.

Armstrong's family has established the "Neil Armstrong New Frontiers Initiative," a memorial fund benefiting the Cincinnati Children's Hospital Medical Center. They have asked that in lieu of flowers, memorials be made to the Initiative or to two scholarship funds setup in Armstrong's name by the Telluride Foundation and by the American Institute of Aeronautics and Astronautics (AIAA).

For more information about the Neil Armstrong scholarship and memorial funds, see neilarmstronginfo.com.

''Neil Armstrong and the Space Generation''

In Southern California, August 25, 2012, is a beautiful Saturday, all blue sky, warm sunshine, and cool breeze. The semester will begin on Monday, and we are at home revising a book proposal. Neil Armstrong, the first human being to stand on the Moon, is eighty-two years old and living in Cincinnati. Today, Armstrong dies. The first era of U.S. manned spaceflight ends, and we are the adults of this nation now. Armstrong and eleven other men visited the Moon, but those of us who were watching, as young as we might have been then, are the space generation.

The time that has elapsed between the moment Armstrong left humanity's first lunar footprints, permanently enshrined in the Moon's soil, not subject to wind or rain, to the day of his death spans our conscious lives. Our first memories of life include that of Armstrong's bulky white form, gracelessly clambering down the lunar module's ladder leg. As toddlers, we may not have known what the meaning of that moment was, but even young children sense meaning, recognize when a thing or event has meaning.

Armstrong had been just thirty-eight years old when he flew on Apollo 11. We are in our mid-forties ourselves now. We're past middle age. It's time we grow up--or admit that we've grown up. Just as we stood on the shoulders of the previous generation, we must ensure that our shoulders are strong enough to support those will follow us.

Earlier this month, Armstrong celebrated his birthday, then had heart bypass surgery. His arteries were clogged, not an unusual occurrence, not something that made the headlines. He'd shied away from the limelight after the initial hoopla over the Moon landing, so news of his health wasn't something we'd seen. On August 25, the reports on this sunny Saturday are that his recovery appeared to be going well but that complications arose. Complications sound unusual but are not. Complications can even happen to the first person to walk on the Moon. Life is full of complications.

The news stories, public condolences, and commemorations begin to pile up quickly. NASA Administrator Charlie Bolden makes a statement:

"As long as there are history books, Neil Armstrong will be included in them, remembered for taking humankind's first small step on a world beyond our own. Besides being one of America's greatest explorers, Neil carried himself with a grace and humility that was an example to us all. When President Kennedy challenged the nation to send a human to the moon, Neil Armstrong accepted without reservation."

EAT THEM BEFORE THEY EAT EVERYTHING

A growing number of conservationists are advocating the consumption of invasive species in an effort to fend off environmental destruction.

Invasive species, as defined by the USDA’s National Agricultural Library, aren't native to the local ecosystem and may cause economic, environmental or medical harm. They can exist in many forms: plants, animals or even microorganisms.

Many of the invasive plants, such as dandelion and purslane, were originally introduced by settlers for medicinal or ornamental reasons, while many of the invasive animals like Asian carp and green iguanas were brought in as food sources, pets or for pest control.

Mongooses, one example, were originally imported from Southeast Asia to control rodent and snake populations in Caribbean and Hawaiian agricultural fields. The Hawaii Invasive Species Partnerships has since estimated that the species causes $50 million in damages each year in Puerto Rico and Hawaii alone.

From feral hogs running wild in Texas to lionfish eating their way through the Gulf of Mexico to kudzu, whose nickname “the vine that ate the South” speaks for itself, the United States is facing an invasion of the natural resource snatchers.

While kudzu may have swallowed up the South, conservationists and food activists are encouraging American consumers to bite back.

“Why not combine the growing locavore movement with an ecological awareness and try and reduce some of these species?” says Joe Roman, conservation biologist, author and editor of EatTheInvaders.org. “It’s unlikely we’re ever going to eat them to extinction but we can reduce the numbers that are there and also get an excellent meal.”

Because these species typically won’t encounter natural predators, it’s primarily up to humans to control or remove the invaders. Some managerial methods involve mechanical control, like digging or mowing, or chemical control, like pesticides and herbicides. Or, people could eat them.

There are, of course, major hurdles with upping the consumption of invasive species. For one, most could use an image overhaul.

“Here in America, we’ve raised two generations of consumers to think that only luxury cut from the center of the animal is what we should eat,” says Andrew Zimmern, the host of “Bizarre Foods” on the Travel Channel. “And only from three or four animals, I might add.”

Nutria, for example, is a giant water-born rodent – but many chefs compare the taste to that of a succulent rabbit. It’s all about consumer perception.

“You start to stretch our food imagination, we can take it in sorts of great directions,” says Zimmern.

“Think of a species that now shows up on menus that people wouldn’t have dreamed of eating maybe a decade or two ago. There is certainly an ‘ick factor’ we’re going to have to get over to promote this,” says Roman.

Chef Bun Lai, at his restaurant Miya’s in New Haven, Connecticut, actively pursues this sort of rebranding.

Miya’s offers an invasive species menu, with ingredients like European green crabs, lionfish, knotweed and wild swans, that threaten the local ecosystems.

“We hope that this will do a few things. First of all, it could potentially curb the dominance of invasive species in the ecosystem. Secondly, it would provide the seafood industry a greater supply of native seafood and reduce the stresses on those populations already fished,” Lai explains on the restaurant’s website. “Finally, we hope that it would encourage greater balance in the inter-regenerative relationship between man and the oceans.”

As with any strategy though, there are always risks. First, not all invasive species are safe for human consumption. Providing educational resources about how to prepare certain species (for lionfish, remove the poisonous spines) and what is and is not safe to forage is crucial.

Secondly, marketing an invasive species could encourage less scrupulous entrepreneurs to move these species where they didn’t already exist because they are potentially lucrative, Roman says. That could easily backfire and spread the species’ destruction even further.

Then, there are concerns of depleting the population, which Zimmern adds, wouldn’t be a bad thing because, after all, they’re not naturally supposed to be there.

“Let’s get to the point where they’re extinct or nearly extinct and then they’re a manageable resource. Let’s farm them, let’s do other things with it, but we can’t just let these invasive species be out in the wild,” he says.

Although population control is obviously at the forefront of the invasive species battle and consumer appeal is only part of the invasive solution, Zimmern says there is another opportunity: take them out of the ecosystem and find a way to feed hungry people.

“The biggest problem with the invasive species argument - in terms of not eating them - is people are hungry, these are good foods,” he says.

With protein’s high expense and one in six people living in hunger, Zimmern advocates in collecting invasive species and using that meat to feed children, seniors, people in the jail system and other people living below the poverty line.

“I will tell you right now, as someone that’s had a bologna sandwich in jail, I would prefer to eat nutria every day of the week,” he says.

British banks face scandal over toxic insurance products

When businessman Colin Jones approached his local bank for a loan in 2007, he had little idea what an "interest rate swap" was, let alone a "structured collar".

Jones wanted 400,000 pounds ($630,000) to buy a small hotel in North Wales and Royal Bank of Scotland said he could have the money if he also took out a swap - a form of insurance designed to protect him from a rise in interest rates.

Like a growing number of small business owners in Britain, Jones now regrets signing up. His hotel was repossessed in July last year after a sharp drop in rates during the financial crisis pushed charges on the deal to an unaffordable 30,000 pounds a year, the same as the repayments on his loan.

"I've lost my house, my wife and I have separated, I lost my self respect and I lost the respect of my local community because they don't see what's going on in the background. People just assume that you've done something wrong," Jones said.

The 48-year-old is caught up in what could become the UK banking industry's next big scandal. An increasing number of firms that bought the disputed insurance products are claiming compensation and their advisers say the bill could run into billions of pounds. UK banks already face paying 8.8 billion pounds in compensation for disputes over other insurance.

Leading lenders Barclays, HSBC, Lloyds and RBS agreed to review their interest rate swap sales in June after the Financial Services Authority (FSA), Britain's banking regulator, said it had found "serious failings" in the way the instruments were sold to small firms. Seven smaller banks have also agreed to review their swap sales.

But so far the banks have made provisions for only modest sums: Barclays and RBS, the country's biggest small business lenders, have set aside 450 million pounds and 50 million pounds respectively. Others are not so sanguine.

"The banks are underplaying the scale of the problem," said Stuart Brothers, a solicitor at Newport-based law firm SRB Legal whose clients include firms seeking compensation. Small firms say the banks did not properly explain the complex products or warn of the risks involved.

Reuters has spoken to banks, former bank employees and small business owners, and been shown bank emails and phone conversation details. They paint a picture of an aggressive sales culture where bank staff under pressure to hit targets fell short of their obligation under FSA rules to provide "clear, fair and not misleading" information about their products.

The disputes threaten to tarnish further the reputation of banks. While UK lenders are now being accused of starving small businesses of funding in the aftermath of the credit crunch, the swap claims show some banks were previously only too happy to make loans if they could sell profitable insurance at the same time.

"A DEAD CERT"

Interest rate hedging products are supposed to protect bank customers against rates going up by making their future repayments more predictable. They come in many flavors, some called swaps and others "caps", with the more exotic structured collars allowing the repayment rate to fluctuate within a specified band.

The more complex products, especially structured collars, had an important catch: if the Bank of England (BoE) base rate fell significantly, borrowers could suddenly find themselves paying far more than they expected.

This was to prove costly for businesses that took out such hedges in the run-up to the credit crunch, which triggered a dramatic 1.5 percentage point cut in base rates in October 2008 as the BoE scrambled to prop up the economy. Four further cuts brought the base rate down to 0.5 per cent, where it has remained.

The accusation that banks did not make clear the consequences of a drop in rates lies at the heart of many cases of alleged mis-selling among the 28,000 swaps sold to small businesses between 2001 and 2008. Many aggrieved borrowers also allege that banks did not reveal the size of the break fees they would have to pay to terminate their hedge contracts early.

Jones says that in April 2007 he verbally agreed to his deal during a telephone call with an RBS salesman who told him "pretty much the quote has to be done over the phone" because it was a "live market", according to a transcript of the conversation, made from a recording by the bank and seen by Reuters.

During the five-minute call the salesman told him a rise in interest rates was "looking like a dead cert" because of high inflation data published that morning. The salesman told Jones the swap would "essentially" fix the rate on his loan for five years, without spelling out what would happen if rates fell instead. He also failed to give Jones a proper indication of how much it would cost to break the swap early.

Jones is pursuing RBS for redress under the process launched by the FSA in June. RBS declined to comment on his claim.

Rate swap products were marketed most aggressively between 2005 and 2008, before the base rate fell sharply. In the final years of the long credit boom, banks were keen to sell more products to a debt-saturated corporate sector, and the logical next step was to extend lucrative hedging contracts, previously offered mainly to bigger firms, to small businesses.

"I think the loans were used as loss leaders," said Abhishek Sachdev, a former Lloyds Banking Group salesman who left to provide independent advice to businesses through his firm Vedanta Hedging. "If the bank knows every loan it makes has some sort of hedging attached to it, profitability goes up."

In the drive to grow the market for rate swaps, bank managers came under pressure to refer small business clients to their treasury departments, which would try to sell borrowers rate swaps to hedge their loans. They were pitched as providing security, and in some cases presented as a condition of getting a loan.

At the same time, sales staff were offered substantial bonuses to encourage them to hit rising targets.

"The carrot was bonuses. The relationship managers would be incentivized," Sachdev said. "The stick was that if the relationship manager gave a client a loan for a million pounds, and didn't introduce anyone to treasury, they would say you haven't hit your target this month, you'll lose your bonus."

A spokesman for Lloyds disputed that view and said: "Interest rate derivative products were not products that we sold widely to our SME (small and medium size enterprise) customers." He said over 90 percent of Lloyds' SME customers chose simple fixed rate loans.

The spokesman added: "We are fully engaged and participating in the review of interest rate derivative products, which will provide redress to certain customers, as set out by the FSA."

INCOME TARGETS

A sense of the pressures at work is evident in an email chain, seen by Reuters, which shows a regional sales director at one bank (not Lloyds or RBS) celebrating a deal struck in August 2008 by one of his relationship managers, earning the lender an immediate windfall of 180,000 pounds. The emails were shown to Reuters on the condition that those involved remain anonymous.

"Could everyone please go and hug (name redacted) because this deal just got us to our full year income target!" the sales director says, expressing relief that a deal was done after a client unexpectedly proved to be a "particularly strong negotiator".

Another executive writes: "This has been one of my more challenging deals to get executed - and also a very profitable one - all credit to (name redacted) as I know he must have had as many challenges in getting this client across to (name redacted) bank as I have in engineering the final combination of cashflows."

The client is seeking compensation, alleging the product was not properly explained to them.

James Ducker, another former Lloyds salesman who now advises small businesses on hedging, said banks were mesmerized by the high profits they could make on rate swaps, and responded by ratcheting up sales targets.

"If in year one I made a 200,000 pound profit and in year two my target was 500,000, how do I make the extra money? And the answer was penetration, i.e. you need to sell more products to more people, and you need to increase the margins," he said.

"I used to ask on a regular basis where would my individual targets stop. The targets just went up and up."

A spokesman for Lloyds noted that Ducker and Sachdev have an interest in advising claimants in swap disputes and said: "We would always suggest that customers with any concerns come to us direct, as we are keen to resolve them wherever possible."

It is not just former salesmen taking the banks to task. Conservative lawmaker Guto Bebb, who represents businessman Jones in the UK parliament, first became aware of interest rate swaps when Jones approached him during his weekly meeting for constituents in Aberconwy, north Wales. Bebb has since campaigned vigorously on behalf of small businesses who claim they were mis-sold the products.

"There was a drive to get these products sold, and sold to businesses where I would say the banks knew full well they were not sophisticated enough to understand what was being offered," Bebb told Reuters.

Another unhappy customer is Paul Reynolds, general manager of Birmingham-based property developer and estate agent City Estates Midland Limited, who says a hedge his firm bought from HSBC alongside a 4.3 million pound loan has turned into a financial straitjacket.

The cost of the swap soared after the unexpected drop in interest rates in 2008; the company has so far paid 1.2 million pounds, according to Reynolds. The financial burden has forced the firm to shed staff and sell property at "firesale prices", he says.

City Estates was not explicitly warned about the consequences of rates falling, and was not told clearly how much it would cost to exit the arrangement early, alleges Reynolds.

"We've had to make two people redundant and we had planned to hire another nine - that's 11 people claiming (welfare) benefit instead of working," he said.

HSBC declined to comment on the case, citing customer confidentiality, but said it hoped to find a satisfactory resolution through the FSA review process.

It added: "We believe that interest rate protection products are appropriate tools to help businesses to manage the impact of interest rate fluctuations, a view shared with the Financial Services Authority and the UK Government, in a recent white paper on banking reform."

SCALE OF EXPOSURE

Britain's battered banks already face paying 8.8 billion to compensate customers who were encouraged to buy insurance covering repayments on mortgages and other loans if borrowers lost income through unemployment or illness. The banks sold the insurance to many people who were ineligible for it - the policies often did not cover the self-employed, for example - or who did not realize they were getting insurance along with a loan.

The industry is also reeling from investigations into claims that it rigged Libor, the London interbank rate, a scandal that has cost Barclays 290 million pounds.

The final cost of compensation for interest rate swap mis-selling is hard to quantify. Although small firms bought just 28,000 of the contracts, while millions of consumers bought payment protection insurance (PPI), the average cost of settling swap mis-selling cases is likely to be far higher.

Compensation payouts for PPI policies typically run to hundreds or a few thousand pounds; but payouts on interest rate swaps can run to millions. Bebb said he is aware of one firm in his constituency that received an out-of-court settlement worth 16 million pounds after claiming it had been mis-sold a swap.

Chris Hale, a solicitor at Bracewell Law, another legal firm advising small businesses which bought the products, estimates the affair will cost the banks between three and six billion pounds, citing steady growth in his client list.

"The last month has been our busiest in terms of new clients and approaches to us," he said.

If small businesses pursue lenders through the courts rather than the FSA process, the banks' costs could rise substantially if courts make awards for "consequential losses" - business opportunities missed as a result of being locked into expensive swap contracts. The bill could also be pushed up by claims management companies, which carry out legal paperwork in return for a cut of any compensation payout. Such firms are widely seen as encouraging more claimants to come forward.

Against this, payouts on swaps could be mitigated by the process instituted by the FSA. Only "non-sophisticated" customers who bought structured collars qualify for automatic compensation under the scheme. They are defined narrowly as businesses with less than 6.5 million pounds of sales, fewer than 50 employees, or assets worth less than 3.26 million pounds.

Companies deemed to be "sophisticated" and those sold products other than structured collars must have their cases assessed in a process monitored by an independent reviewer. If they don't agree with the eventual decision, they can challenge it in court.

The FSA has also said banks will be allowed to compensate wronged customers by offering them replacement products, a cheaper option than reimbursing them.

Some experts say those measures explain why banks are making relatively modest provisions; they also warn that the FSA process could delay cases coming to court.

The hedging contracts were generally subject to a six-year statute of limitation, leaving a closing window of opportunity for companies to contest rate swap deals through legal channels. As most of the hedges were sold before the base rate began its steep fall in 2008, businesses which believe they were misled only have until 2014 to lodge their claims.

In the meantime, thousands of small business people may be left to rue the day they allowed their banks to talk them into transactions they didn't properly understand.

"I'm angry day and night," said Reynolds of City Estates Midland about his experience with banks. "To put it in plain English, I hate them."
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GOOGLE TO MAKE DEEP CUTS AT MOTOROLA

Google is planning to cut 4,000 jobs from Motorola Mobility, around 20 percent of the division’s 20,000 employees.
In a filing with the Securities and Exchange Commission dated Aug. 3, the company said it plans to trim around one-third of all its facilities - by cutting or consolidating - in order to get Motorola back into the black. Google said it expects to see a charge of no more than $275 million related to the cuts.
Two-thirds of the reduction will happen outside of the United States, the filing said. According to a report from the New York Times, the company is focusing on cutting operations in Asia and India, will focus on development in Beijing and will also make a development push in Chicago and Sunnyvale, Calif.

Google also said that it will be cutting back on the number of devices in Motorola’s lineup as part of its consolidation effort.
The tech giant finalized its $12.5 billion acquisition of Motorola in May, when it named Dennis Woodside as its chief executive. It was Google’s largest-ever acquisition and its first foray into hardware.
As part of the deal, Google got its hands on Motorola’s extensive patent portfolio, though patents only accounted for $5.5 billion of the total pricetag. The acquisition of so many patents is likely to help the company defend against an increasing number of intellectual property lawsuits.

Google’s plans for Motorola could have a large impact on the smartphone ecosystem, since many are trying to figure out how the acquisition will affect other Android partners.
Shares for Google are up slightly in pre-market trading, rising $7.20 to $649.20.

Nokia still Rajai Sales in Indonesia

President Director of PT Trikomsel Oke Tbk, Sugiono Wiyono, disclose, until the first semester of this year, Nokia continues to dominate the mobile phone sales in Indonesia. However, Nokia still lost in the smartphone.

"If the terms of the unit, Nokia is still the most widely sold," said Sugiono to VIVAnews in Jakarta, Tuesday, August 7, 2012. Nokia is still the main factor to be champions, according to him, because the Swedish manufacturer that offers a diversity model.
However, he said, Nokia is still far behind in the smartphone class when compared to their toughest rival, BlackBerry. This, according to Sugiono, because this type of Nokia smartphones are still limited to only a few species, such as Nokia Lumia.
Smartphone sales alone, according to Sugiono, this year is still dominated by the BlackBerry is followed by a smartphone based on Android operating system such as Samsung, HTC, and others.

He added that BlackBerry sales are relatively uniform in all segments, both segments of the low end, middle end and high end. Android-based smartphones, Samsung is still the largest contributor to sales. Meanwhile, an American iPhone sales are still limited. "Sales are still one of the single digit percentage of overall sales," he said.

HP sales ahead of the Lebaran
As in previous years, the number of mobile phone sales will increase ahead of the holiday. If the usual day mobile phone sales reached 100 units, in the month of fasting can reach 130-140 units.
"Usually in the month of fasting and increased sales Lebaran is 30-40 percent," he explained. Though optimistic, he has not received reports of sales before the holiday.

Exchanging Money in the Bank Palu Reaches Rp1.98 Billion Daily

Palu-Indonesia,,,Exchange transactions undertaken in the Bank of Central Sulawesi, Indonesia, Thursday (09/08/2012), reached USD 1.98 billion. According to Bank Indonesia Deputy Representative of Central Sulawesi, Wuryanto, in addition to money changing, conducted at BI, the new can also exchange money at other large banks.

"Including the cash services around, we are every day from 6 to August 16 was in the service of cash around in some instances. Earlier we schedule in several agencies, including the governor's office. However, not until the governor's office has run out. Now back to take funds , "Wuryanto said.

According Wuryanto, working capital for the agency $ 100 million. In addition to cash services around the agency, the Central Sulawesi Bank Indonesia (BI Sulteng) also make cash around in the traditional markets, including markets in Ramadan. About restrictions on currency exchange, Wuryanto was denied. "No restrictions, but equity. Pity other people if you do not miss out," said Wuryanto.

To the needs of the public money and leave Sulteng Lebaran together, at the office of the banking holiday, the Bank of Central Sulawesi has set aside Rp 800 billion, up 22.7 percent compared to last year. "There is no issue of public funds when the leave together later. They remain underserved through direct transactions through automated teller machines," said Wuryanto.

Want to Rob Madrid BARCA title

Barcelona defender, Gerrard Pique, said, "Blaugrana" want to rob the BBVA League title last season, Real Madrid won. This was expressed before the duel "El Clasico" in the Spanish Super Cup on August 23 and 29.
"Last season was pretty good, but does not appear, because we did not win the BBVA League or Champions League," said Pique.

"We did not have any luck in order to win the title in matches against Chelsea and Real Madrid. However, we would still go with the same philosophy, and the title will come," he said.
Pique said that his team will now focus first face Madrid in the Spanish Super Cup. According to former Manchester United player, the motivation of his team next season will be encouraged to welcome if it can win the fight.

"It will be a special game to rival our special and I believe it is vital to win the game. We know how strong Madrid. Therefore, we can win or lose in the match," he said.
"Madrid is the defending champion Liga BBVA and we will continue to try to win the Super Cup, now that the strength of both teams are evenly matched," lid Pique.

Threatened strike, BBVA League Match Schedule Stay

INDONESIA-Threatened strike, BBVA League Match
Despite the threat of the 13 clubs will play in the first week strike BBVA Liga 2012-2013 season, the Spanish Professional Football League (LFP) equipment will start the competition on time, ie, August 18, 2012.Previously, 13 refused the start of league clubs before getting guarantees about the distribution of profits from television rights and competition consistent scheduling. They are Athletic Bilbao, Atletico Madrid, Real Betis, Celta Vigo, Espanyol, Getafe, Granada, Real Mallorca, Osasuna, Rayo Vallecano, Real Sociedad, Sevilla, and Real Zaragoza.

LFP was not found a reason to delay the start of Liga BBVA 2012-2013 season.

"After receiving a statement regarding the delay of a few clubs after consultation with the league and other clubs are also a member of the LFP, we decided to stick to the official competition calendar has been determined. We did not find any reason to change the schedule," he wrote in the release of its official LFP , Thursday (09/08/2012).

Candidates for UI Rector,"Cyber Campaign"

After no more obstacles, the process of selecting the rector of University of Indonesia (UI pilrek) resumed. The UI provost prospective candidates are given time to register and only given the opportunity to conduct cyber campaign or a campaign online.Chairman of the Special Committee (Committee) Pilrek UI, Endriantono Sutarto, said the UI rector candidates are given the right to convey the vision and mission through the internet. Thus, the campaign will be more orderly and accessible by the public.

"Please conduct a campaign to communicate the vision, mission and programs. But only through online," said Endriantono, Tuesday (07/08/2012), on the UI campus, Depok.The campaign will take place August 27 to September 21 next, along with the opening of public access to assess the potential UI rector. Endriantono sure, there will be no campaign rallies or public debate on pilrek UI this time.

"We take advantage of existing technology. All done online, and no public debate," he said.
UI pilrek process resumed after all the problems solved. Registration of candidates for president begins today, Wednesday (08/08/2012). The result will be achieved on 9 October.
Tenure of the current UI Rector, Gumilar Rusliwa Somantri, itself will expire on 14 August. Rectors will be elected to lead the UI until 2017.

Apple, Amazon plug security holes

Amazon and Apple have changed their policies regarding how customers can change account information over the phone following an identity theft attack on Wired journalist Mat Honan.

According to Wired, Apple froze the ability to reset passwords over the phone for at least 24 hours Tuesday, likely in response to Honan’s highly-publicized ordeal. The move followed a similar decision from Amazon to close a security loophole that allowed anyone to add a credit card number to an Amazon account by providing their name, e-mail address and mailing address.Honan, who used to work for Gizmodo, found Friday that his Apple, Amazon and Google accounts had been broken into and that his iPhone, iPad and MacBook had all been remotely wiped out. He also found someone was tweeting messages to his Twitter account as well as to Gizmodo’s Twitter account.

The people behind the attack were able to do all of this because they got a temporary password for Honan’s iCloud account. As Honan reported, strangers were able to convince an AppleCare representative to send them a password reset link without answering security questions because they had Honan’s name, e-mail address, mailing address and the last four digits of his on-file credit card. And once they were into Honan’s iCloud account, they were able to access several of his other accounts.

After the attack, Apple told Wired that it is reviewing all of its processes for resetting passwords and that it appeared the company’s own internal policies weren’t followed to the letter in this instance.

According to the latest Wired piece, reporters who were able to replicate the methods used in Honan’s attack earlier were stymied by the new precautions.

The attack has highlighted concerns not only about security measures at consumer technology companies, but has also become a cautionary tale for those moving their data to the cloud.

Honan has said that he blames himself for the attack, in part, because he didn’t back up his data. But, as GigaOm’s Derrick Harris pointed out, the breach has further lessons for the average consumer contemplating a move to the cloud.For one, Harris noted, moving data to the cloud — particularly one that’s tied to hardware — means that users are giving over a lot of trust to companies to safeguard their data.

This is a common complaint from cloud critics, who say that consumers are moving too quickly when it comes to relinquishing control of their own data to other companies. That’s exactly the sentiment that Apple co-founder Steve Wozniak expressed last week when he said that he expects there will be a lot of “horrible problems” with cloud computing in the future.

While society hammers out the thornier issues of cloud computing, there are some proactive steps you can take to make it more difficult to execute a wide breach of your digital accounts. (Hey, you might as well take control of what you can, right?)

Coming up with different passwords — either through a password manager or on your own — is one common suggestion.

LOCATION VALUBLE INDONESIA LUXURY HOMES TOP

Location Valuable RI Luxury Homes Top

International property consultancy said that the price of condominiums and luxury housing in Jakarta has the highest prices in the world.

The survey results Knight Frank Global Cities Index showed Prime, Jakarta could only be defeated by Bangkok, with the percentage of relatively tight. Index of property price growth rate in Jakarta reached 28.5 percent in the 12 months ended June 30. 28.8 percent while in Bangkok.

INDONESIA LUXURY HOMES

In terms of price rise luxury condominiums, Jakarta beat Hong Kong, Beijing, Mumbai, Kuala Lumpur, Singapore, Sydney, and Shanghai.

Head of Research Jones Lang LaSalle, Anton Sitorus, stated that the survey results it is true, because of rising housing prices in Indonesia could be more than 25 percent annually.

"For luxury homes, the highest increase was still going on around Menteng, Kebayoran Baru, and Pondok Indah," Anton said in Jakarta, Thursday, August 2, 2012.

Occupancy, according to Anton, was and still will be the belle of the developers and prospective home buyers in Indonesia, especially of luxury homes.

However,he admitted that this applies to the home site is not for luxury housing complex. Because, for the residential complex, are now starting to move to the suburbs of Jakarta, such as Bumi Serpong Damai, Bintaro, and Alam Sutera.

House prices in the third complex, according to Anton, is the highest in the suburbs of Jakarta. Therefore, the increase in the price is almost the equivalent of luxury houses in Menteng and Pondok Indah.

"The increase in property values in rural areas is in the range of 10-25 percent per year," he explained.

Pamudji Hasan, Senior Research Manager Knight Frank also said that house prices are highest in Jakarta is in Pondok Indah, Menteng, Kemang, Palm d'Ivoire, Pantai Indah Kapuk, and Puri Kembangan.

As for the segment-rise condominium or a dwelling, according to him, was in the central business district (CBD) Sudirman and Brass. "If outside the CBD, at Jewels Green and yes Pakubuwono," he said.

WASHINGTON DC CITY GRIM

STORY of a city is not just a story about courage and triumph. The story of a city is a story about human beings and find a balance dinamic each other. In humans there are competing and fighting over space in the city. Even in the capital of a country POWER like the United States (U.S.).

A month ago, I traveled to Washington DC with several friends. We entered the city after driving a Greyhound bus from Pittsburgh and Columbus. We both have never been to this city. We are equally bound by the desire for adventure and exploration in the heart of this land of Uncle Sam. Armed with a piece of in-print maps via the Internet, and we wandered through the streets of this city.

Of course, we do not want to focus on the beauty and elegance of the look. We want to penetrate the heart of this, look at the pulse rate and blood flow, and witnessed firsthand how the cells are like the pieces had been building up this city. Our adventure with mediocre funds in order to see instantly the other side of town, that has not been revealed to the public, but exist as part of contemporary history.

We entered the town amid the drizzle. We stopped to rest at the station Amtrax. At that time, a man asked me to come talk. He was familiar pretentious. I replied simply. He wore shabby clothes and holding a plastic bundle containing clothing. It seems, he shared some of her friends have nowhere to live. In America, they called them the menggelandnag the homeless on the streets. Meeting with this man be the beginning for me to see something that does not directly revealed to the public eye a lot. Is this the face of the United States?

City streets is not so wide. The buildings are also not how high. This is the heart of Capitol Hill that became a symbol of U.S. politics. I saw a round dome, dome like a mosque, or too similar to the dome Synagog Jews. At the top of the dome is a statue of women as a symbol of freedom. Sculptor Thomas Crawford, a lover of women who are willing to be burned by a sense of passion, put the statue on behalf of the freedom of his overwhelming. Is the woman synonymous with freedom?

In front of the building, stretched a broad meadow that leads to a monument called the Washington Monument. This obelisk-shaped monument, which is the child of Egyptian culture. Some friends of Indonesia called Monas, because a similar shape in the form of monument towering mast upright. But if the building is not possible to imitate Monas. Because this building was founded in 1840 which aims to commemorate the name of George Washington as the father of the republic and the founding fathers (founding father) the United States. The question hanging dibenakku, why should the obelisk-shaped? Why not take the form of a dug out of the realm of American culture itself? Did not the Mayan buildings mighty enough to be an inspiration for the creation of the monument?

Amazed to see that, I then traced the pasture with a pond in the middle. According to the instructions contained in, the pool was named Reflective Pond. Swimming is a square and obelisk monument is relate to the building bsar named Lincoln Memorial. With friends, I moved toward the Lincoln Memorial and saw the statue of Abraham Lincoln.

I imagine that in the eyes of this man lay on the affection of black people to make himself a martyr in 1865. Kutembus eyes felt like it and unravel the history of U.S. slavery, since the arrival of British immigrants until the arrival of the ship May Flower who brought the blacks of Africa. How great is my desire to trace the footsteps of slavery which is then removed with a bloodied by Lincoln, U.S. President of all time in her growing poverty in Kentucky and Indiana in 1818.

There are many buildings in Washington DC that aims to preserve the memory of the figure of the president. Not only the Lincoln Memorial, there were Thomas Jefferson, Kennedy, to Benjamin Franklin. The president has made a memorial so that their minds remain immortal in history. In some literature that I read, every establishment of a statue, monument, or building giant never be separated from the political workings of memory. Each nation will set up a monument to preserve a certain memory on top of the figure, one incident, a place, or a piece a reality through the buildings.

We might say that the president is positioned similar to the monks whose teachings enshrined in the book, his figure immortalized in a statue, and is expected to be the inspiration for subsequent generations. We can also examine the nation's history begins from the period when the president is present. Before that, they do not have a history of an important note or not there is one event that can inspire the American people. Yup. This is the dynamics or the politicization of history. Sorry for myself I have not been able to explore this idea further ore. As far as Eric Wolf, author of Europe and the People Without History, able to explain what happened here.

The city is a symbol of glory and save a lot of greatness. Are all the views presented here are about the power? Apparently not. When passing in front of the Ronald Reagan World Center, we saw a large field filled with tents and movement activists occupy Washington. In the tent there are many actors and social movements of the poor who are demanding their rights. They call themselves the 99% to symbolize that they are from the majority of the country demanding their right to control group 1% of the economy. They shouted in fury, he said the economy is referred to as the source of poverty residents.

This time, again increasing my conception of this country. The glory and splendor of the outside appearance of the cover is just what is going on here. Greatness is just a lipstick to cover the fact that keeping the case here also that poverty. I remember that guy I met at the station, the man who stayed on the sidelines of the building is only armed with blankets and plastic clothes, to the poor who join in this field.

This is Washington where there are two sides of a coin; no grandeur or glory, but there is also a life of poverty like weeds in between the wall power. This is the city's wealthy residents have been exploring the world and leaving a trail of glory, while the poor citizens to fight for the middle of a bite of rice that still exist. Washington is full of the triumph of memory, but at the same time a sad memory of the town, as sadness citizens who fight for life. The glorious city of Washington, as well as a gloomy city.

SUED BANKRUPTCY PT TELKOMSEL INDONESIA

PT Telkomsel insists it will seek a constructive dialogue to efforts by the bankruptcy filing PT Jaya Prima Informatics.
"Telkomsel is committed to comply with legal process," said Head of Corporate Communication Telkomsel, Ricardo Indra, in a written statement Thursday, August 2, 2012.

Telkomsel judge, the filing of the bankruptcy petition is a form of reasonable dispute in a cooperative business.
However, SingTel has appointed law firm Amir Syamsudin & Partner as attorney of the company in dealing with these problems.

Ricardo asserted, during the process of resolving the case was ongoing, Telkomsel ensure service to customers will not be disturbed.
As reported previously, the CEO of PT Jaya Prima Informatics, Toni Djaya Laksana, Telkomsel sued for bankruptcy, because they freeze Prima card contract unilaterally. Cooperation Prima Card issuance is running for a year suddenly terminated unilaterally by the new directors Telkomsel per June 21, 2012.

Prima Card is a prepaid card the result of cooperation between Indonesia and Telkomsel Athletes Foundation. Prima cards are special cards for the entire sports community in the country, because the theme of sports for the betterment of the national sport. Prima card consists of the Prime Card and Voucher Prima.
Prima Jaya claims it has made a unilateral termination of the company suffered losses Rp5, 3 billion due to various unpaid bills Telkomsel.

BOY TOHIR SIGN IN ASIA MOST SUCCESSFUL BUSINESSMAN

Currently, the innovators, risk takers, and the creator of the company is a group of people who are considered the most glowing in the business world. For this group of people, Asia is rated as warehouse entrepreneur who will become a reliable world-class businessman.
As quoted from page CNN, Tuesday, May 8, 2012, stated, made at least 25 Fortune's brightest entrepreneur in the Asia Pacific region. Admittedly, many businesses on the list is still in business conservative who has something to do with the family.

BOY TOHIR

However, Fortune also revealed that there are many entrepreneurs who run businesses such as odd that a former army captain creates pink tires. This crazy idea is to remind people about the dangers of breast cancer.

Not only that, Fortune also found a business woman like Jennifer Li, dubbed Sheryl Sandberg from China. He succeeded in developing a search engine Baidu. In addition, there is still a young businessman who developed Flipkart. These businesses have created a furore in India retail business.

25 turns of the entrepreneur, Indonesia can contribute to one's name as the most brilliant businessmen in Asia. Boy Garibaldi Thohir who is president director of PT Adaro Energy Tbk is considered to shift the rulers of the coal business in Indonesia.

Fortune rate, under the control of Garibaldi, Adaro is now entrenched in the fifth largest coal producer in the world. Through its action, Garibaldi had also devoured two mining companies to be competitors.

The most astonishing, all the action is made Garibaldi, in the midst of his efforts to spend big to invest in developing the latest generation of power plants. This plant is expected to increase the efficiency derived from the use of coal generators.

In the list this time, India is a country produces the most brilliant businessmen in Asia with the number six. China followed by 5 people. Meanwhile, Malaysia, South Korea, and Japan, each contribute three powerful businessman.

Furthermore, Taiwan and Singapore recorded two proper names considered as a reliable business in Asia. In the final position, Indonesia with only donate one name.

Here is the full list of 25 hottest businesses in Asia:

1. Qiangdong 'Richard' Liu, China, CEO and founder of shopping site 360buy.com.
2. Naveen Jindal, India, Chairman and Managing Director, Jindal Steel & Power.
3. Jennifer Li, China, Baidu's Chief Financial Officer.
4. Cyrus P Mistry, India, Deputy Chairman of Tata Group.
5. GS Sareen, Singapore, CEO and president of Omni United a trendy tire company.
6. Hae-Jin Lee, Korea, Chairman and Chief Strategy Officer of the search engine company NHN.
7. Yoshikazu Tanaka, Japan, CEO of GREE, social networking and gaming company.
8. Sung-Joo Kim, Korea, chairman of the Group and MCM Holding Sungjoo.
9. Charles Chao, China, President and CEO of the Internet portal, Sina.
10. Sachin Bansal and Binny Bansal, India, founder of Flipkart an e-tailer's largest companies.
11. Olivia Lum, Singapore, Hyflux Chairman.
12. Victor Koo, China, Chairman and CEO of Youku online sites.
13. Tony Fernandes, Malaysia, AirAsia CEO.
14. Steve Zhang, Malaysia, President and CEO, AsiaInfo-Linkage.
15. Jackie Hsu, Taiwan, General Manager of Asus.
16. Judy Leissner, China, the leadership of Grace Vineyard wine company.
17. James Hiroshi Nakagawa, Japan, CEO of Mobile Healthcare.
18. Udhayan Challu and Vishal Dhar, India. Vishal Udhayan as CEO and as President and Marketing iYogi.
19. Cher Wang, Taiwan, HTC's chairwoman.
20. Garibaldi Thohir, Indonesia, President Director of Adaro Energy.
21. Nisa Godrej, India, President, Human Capital and Innovation, Godrej Group.
22. Jungju Kim, Korea, Representative Director, NXC, online gaming companies.
23. Junko Nakagawa, Japan, Nomura Holdings Chief Financial Officer.
24. Raviv Bajaj, India, Managing Director of Bajaj Auto.
25. Dato 'Robin Tan Yeong Ching, Malaysia, Chairman and CEO of Berjaya Corporation Berhad.

14 THE RULERS OF LAND LARGEST IN THE WORLD

In the last decade, more than 495 million Are, equivalent to 200.32 million hectares (ha) of land sold or leased in the world cross country. Indonesia is one country that became the target of most developing countries and rich.
It was revealed in the report "Transnational Land Deals for Agriculture in the Global South" issued by the Land Matrix Partnership.
The report revealed the shocking facts about the purchase of land by the action of a number of overseas countries. Course of action that involves the government and companies.

The amount of land acquisition act that is done it is not separated from the world's growing demand for clean water, food, and energy. For that reason, many rich countries, developing, and importing food targeting productive lands, but with low prices in poor countries.

Here are the states 'Landlord' largest landowner abroad:
14. South Africa
Developed countries in Africa has a land area of 1,231,034 overseas ha. One company from the diamond-producing country has enough land area that is Benin. An area of 870 thousand acres to the farm owned by the company through the unknown investor name.

13. Canada
Wealthy countries of North America has a land area of 1,329,793 ha. Most of Canada's land is owned by Alberta Investment Management Corp. in Australia. A land area of 960 thousand are used to build the business of forestry.

12. Sweden
The country has a land area of 1.4347 million overseas ha. The largest land in Mozambique and is managed by the Global Solidarity Forest Fund area of 350 thousand ha. Developed business is forestry.

11. Australia
This former British colony has a land area of 1,547,616 overseas ha. Australia appears to have an area of land outside of the country 880 thousand acres are located in Indonesia.
Managed by large companies, BHP Billiton Limited, the area of land will be developed for the agricultural sector.

10. Saudi Arabia
Oil-rich country, Saudi Arabia, it has a wide area outside the country. No fewer than 2,204,132 ha of land in the state of the country belongs to this kingdom.
Saudi Arabia is barren hopes to obtain food resources from abroad. Through the Eastern Renewable Fuels Corp., Saudi Arabia has an area of 675 thousand acres to be developed as an agricultural area.

9. United Arab Emirates
Countries in the Arabian peninsula has a land area of 2,277,856 overseas ha. Of the area, the largest portion was in Sudan with an area of 4.2 million acres.
The plan, millions of acres of land would be made for the tourist business is managed by the Al Ain National Wildlife.

8. Israel
Israel has an area of 2.388 million ha out of the country. The largest area occupied by Israel in the Republic of Congo with an area of 4.9 million acres. However, the land to be developed for agriculture is not known to investors.

7. Italy
A country known for its food-Pizza is proved to have land abroad to reach 2,614,792 ha. One of the largest land owners from Italy, it has a land area of 4.9 million in Indonesia Are. Unfortunately not know the name of investors who own the land for the gaming sector.

6. South Korea
Developed countries from Asia has land outside the country to reach 2,696,297 ha. Kappa Company Limited is an investor from State Ginseng has an area of land outside the country with the largest area of one million Are.
The land is located in Cambodia, but it is not known specific purpose of use of land.

5. English
The UK has a land area of 3,088,472 overseas Ha. NRG Chemical is the Three Lion investors from countries with a total area of 1.7 million Are in the Philippines. The land is planned to be built for agricultural needs.

4. Malaysia
Indonesia's neighbors are apparently included in the four big as the largest land owners in foreign countries. Neighbor country to have recorded 3,397,607 hectares of land spread across various countries.
However, land owned by Malaysia was the largest in Indonesia with a total area reached 710 thousand ha. This land is owned plantation company Sime Darby Berhad.

3. United States
Have giant companies in the world, making the United States were able to master the 4,136,973 ha. Again, the largest land area of the State of Uncle Sam is in Indonesia covering an area of 900 thousand ha.
BHP Billiton-owned land will be developed to build the agricultural sector.

2. China
Bamboo Curtain countries, China, has Countrys areas outside the area of 5,354,502 hectares. Despite having large estates in several countries, the largest acreage owned Chinese companies only reached 25 thousand Are. The land is located in Cambodia, is owned by Mady Phou Investment Group.
The plan area of 25 thousand hectares of land would be developed for the forestry sector.

1. India
Peak position as the country's largest land owners in foreign countries held by India. Countries that are experiencing rapid economic growth has an area of 5,420,209 hectares spread over various countries.
One company that became the largest landowner is an area of 4.9 million Tata Power Are. It turned out that the land is located in Indonesia and will be built for agricultural purposes.

BUY THE RICH INDONESIA (Garibaldi Thohir) ADARO 8.23 MILLION SHARES

President Director of PT Adaro Energy Tbk, Garibaldi Thohir, increasing the number of shares as much as 8.23 million units in the company he leads. Employers listed in Fortune magazine as the most brilliant businessman in Asia was reached Rp9, 97 billion for the purchase of those shares.
Adaro Energy's Corporate Secretary, Devindra Ratzarwin, said the addition of stock transactions by the Boy Thohir, greeting Garibaldi, was conducted on June 14 and June 15, 2012.

"By this means the number of shares of one of Adaro Energy's board of directors changed," said Devindra in information disclosure in the Indonesia Stock Exchange (BEI), Jakarta, Monday, June 18, 2012.
On June 14, 2012, Boy bought 5.38 million shares and 1.75 million shares with a purchase value of each Rp1.210 per share and per share Rp1.220.

Meanwhile, on June 15, Boy bought back 1.1 million shares at a purchase price per share Rp1.210. "The total shares purchased in the two-day total of 8.23 million shares with a value reaching Rp9, 97 billion. This is done for investment," he said.
Boy buy stake in Adaro on June 14 in accordance with the stock closing price was Rp1.210 per unit. Meanwhile, a day later, Boy buy Rp1.240 below the closing price per share.

Previously, Adaro's president has had 2.49 billion shares, equivalent to 7.8 percent of total shares fully paid. With the addition, the total shares held in company with the Boy Thohir code ADRO trade reached 2.5 billion shares.
As is known, Adaro has now become one of the most calculated in the coal mining business. In 2011, the company posted a net profit of U.S. $ 552 million or an increase of 124 percent over the 2010 value of U.S. $ 247 million.

Meanwhile, operating revenues in 2011 recorded U.S. $ 3.99 billion, an increase of 47 percent of 2010 amounted to U.S. $ 2.72 billion.
To support the business forward, until 1-2012 quarter, the company has absorbed fund capital expenditure of U.S. $ 175-200 million. For information, in 2012, the company budgeted capex of around U.S. $ 600-700 million.
Funds already used the company to absorb operating costs such as maintenance and repair and port infrastructure.

THIS IS THE DIFFERENCE OF RICH AND SUPERRICH

Among the rich that is identical to a group of people with incomes ranging from U.S. $ 250 thousand to U.S. $ 1 million per year, is considered to have the same position with the income of U.S. $ 50 million.
But the assumption is actually not entirely correct. An analysis of high-income people find a striking difference between the super-rich and nearly rich.

Roberton Williams of the Tax Policy Center, the United States, divided among the wealthy into two groups based on the data the IRS in 2009. One group consists of U.S. communities that reported revenues of over U.S. $ 1 million. While other groups are among the 400 Top earner, which have an average income of U.S. $ 271 million.
The results of this analysis, as quoted from page CNBC, Monday, July 16, 2012, showed that over a third of the wealth of the community who has an income of at least U.S. $ 1 million from the salary.

While from the accretion of capital gains (capital gains) which previously contributed up to one third of revenue, continued to sag up to 17 percent. The fall in receipts from capital gains is starting to happen in 2000.
Currently, the group of rich people are much mendapatan money from other revenue sources, especially from their business partnership.
While the Super Rich in the list of top 400 Fortunate, earn more money from capital gains and other income. Wealth from the coffers of these more than the salary or wages that portion only 9 percent.

But with the fall of the U.S. stock market, the share of revenue from capital gains profits continued to fall from 72 percent in 2000 to 46 percent in 2009.
Of this study is known, people who earn U.S. $ 1 million is a rich man's salary (salaried rich), since they depend revenue from traditional sources. While the Super Rich can bring in wealth from the sale of shares or their business.

Since the super-rich are so dependent on capital gains (mainly shares), their income is now lower. This is evident from the fall of the capital gain property to 40 percent between 2007-2009.
As a community, the super-rich is also depend very quickly. At least 73 percent of the members of the superrich is listed only once in the period 1992-2009.

According to William, a source of income for the super-rich are becoming increasingly vulnerable as the world economic recession. As for the rich only, their earnings fell 18 percent.

HIDE THE RICH MONEY TRILIONS OF DOLLARS IN STATE TAX HAVEN

HIDE THE RICH MONEY TRILIONS OF DOLLARS IN STATE TAX HAVEN
Among the world's super-rich hide their wealth is estimated to worth U.S. $ 21 trillion in tax haven countries abroad. Hidden wealth is equivalent to the economic value of the combined U.S. and Japan.
State tax haven is a country or region that imposes low taxes or no taxes at all.
The findings obtained from a report in The Price of Offshore Revisited made James Henry, a former chief economist of the consultancy McKinsey for Tax Justice Network network.

As quoted from Reuters page, Monday, July 23, 2012, the study calculates a number of accounts owned financial companies outside the country. From the calculations it was found that hidden wealth between U.S. $ 21 trillion to U.S. $ 32 trillion.
However, the calculation did not include data non-financial assets such as real estate, gold, cruises, and horse racing.

The data was obtained from a number of financial institutions like the World Bank, International Monetary Fund (IMF), United Nations (UN), and a number of central banks.The study also noted that the wealth of the rich people who come from 139 countries run by private companies, has a value far greater than the taxes collected local government.
Since 1970, the wealthy citizens of developing countries is estimated to have a property abroad is not listed with a value of U.S. $ 7.3 trillion to U.S. $ 9.3 trillion by 2010. "Property management companies that operate in foreign countries showed a 'big hole' in the world economy," said Henry.

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