maybe this will be of some help At the end of last week, the latest banking scandal started hitting the wires as news broke of a low level trader for the French bank Societe Generale was somehow able to lose the bank $7.2 billion by sneaking around various control and security systems to make a series of complex bets, well beyond what he should have been allowed to do. Many people are comparing it to the case of Nick Leeson, who brought down Barings bank over a decade ago — though, with Leeson, it only took a little over a $1 billion. And, over the weekend, the details got worse. That $7.2 billion loss came on bets up to $73 billion. It certainly raises plenty of questions about the controls that are in place. No matter how sneaky you are, you would think that $73 billion would be pretty hard to trade without anyone noticing. Apparently not. The trader in this case, Jerome Kerviel, supposedly had a detailed understanding of the security systems thanks to an earlier job at the bank, that involved monitoring the trading systems and then used other people’s accounts and falsified documents to hide his tracks. Even so, you would think that someone would have taken notice of $73 billion moving around. Societe Generale claims that, unlike Barings, it can easily survive this fraud and will even turn a profit. Of course, at the same time, it also announced it needs to raise $8 billion — and given the size of the loss, that certainly makes it sound like the bank needs to replace that money pretty quickly.

Permalink | Comments | Email This Story. There is a old saying microsoft makes deal with Russia’s MTS
(Reuters)

Reuters - Microsoft has struck a deal
with MTS , Russia’s largest mobile phone operator, to
offer services and laptops installed with its Vista operating
system on subscription as it reaches out to small businesses.

.Did you know that Deal means informal. Treatment received: a raw deal; a fair deal.. What a great idea microsoft Teams on Subscription PCs in Russia PC World - Unlimited Potential is directly related to Microsoft Chairman Bill Gates’ idea of “creative capitalism,” which suggests that companies worldwide work with governments and nonprofits to find ways to be charitable and solve the problems of the poorest …Did you know that Subscription means an agreement to receive or be given access to electronic texts or services, especially over the Internet. I also noted that

I also heard through the grapvine USATODAY.com - SAN FRANCISCO - BlackBerry smart phone maker Research In Motion said Thursday that its fiscal third-quarter earnings more than doubled because of a strong uptake of the company’s products and services in the business and consumer user market segments. This information might be a better choice microsoft Office Access files targeted for attack
(InfoWorld) InfoWorld - Online criminals are exploiting a flaw in the Microsoft Office Access database to install unauthorized software on computers, the United States Computer Emergency Readiness Team (US-CERT) warned Monday. You can also check this out…. panda feeds safer transactions
(InfoWorld) InfoWorld - Panda Security launched a new application on Tuesday aimed at thwarting customized attacks carried out against users of online transactional systems. This also saved me time uK Copyright Reform Just More Of The Same Over in the UK, some proposals for copyright reform have been announced, and there’s not much interesting there. It takes recommendations from the infamous Gowers report, which we noted at the time was too balanced for its own good. For example, it includes an officially declared right for consumers to make personal copies (something that’s worth mentioning following the recent RIAA kerfuffle), but it also puts in place an anti-circumvention clause a la the DMCA. There are, of course, huge problems with anti-circumvention rules that make it suddenly illegal to do something that is otherwise perfectly legal (like making private copies for personal use). By adding in an anti-circumvention clause, the personal copying clause is effectively meaningless, because the industry just needs to add any DRM, no matter how weak, and claim that any personal copies circumvent. The fact that the UK version of the RIAA has thrown its support behind these changes (while warning that it better not include any lessening of rights to copyright holders) should tell you all you need to know about how much actual “reform” there is in this particular attempt at copyright reform.

Permalink | Comments | Email This Story.Did you know that More means something great or remarkable: The campus wasn’t much to look at. wow… this is such a great idea

I also would consider the fact Daily Mail - Bill Gates: In a £23 billion battle for control of the internet Perhaps if they win they should call it Microhoo. It is certainly causing an almighty hoo-ha in cyberspace and beyond. The battle for the soul of the internet has begun - and the … Okay, okay you may have heard on the news: gates cites work to replace keyboards KARE - Microsoft’s Bill Gates says the days of the computer keyboard may be numbered. He says computer users will increasingly interact with computers using speech or touch screens rather than keyboards. Gates says Microsoft is making a bet on the …Did you know that Gates means the structure surrounding such an opening, such as the monumental or fortified entrance to a palace or walled city. My friends also told me that week in video-game news: Best of ‘07
(AP)

AP - News from the virtual world:

.Did you know that Week means one week from a specified day: I’ll see you Friday week.. Somthing like that payPal buys Fraud Sciences for $169M
(InfoWorld) InfoWorld - EBay’s online payments division, PayPal, will pay $169 million for an Israeli security company specializing in detecting online fraud, the companies said Monday. The deal should close within 30 days.Did you know that Fraud means one who assumes a false pose; an impostor. wow… this is such a great idea

Wow… A friend also told me this Last year, after a very public spat with Intel over its competing Classmate PC, the One Laptop Per Child project appeared to patch up its differences with Intel and welcome them as a supporter. Now, they've had a nasty breakup, with each blaming the other for the separation. Intel said OLPC had demanded it stop selling the Classmate PC as a condition of continuing as a supporter of the OLPC project. OLPC head Nicolas Negroponte countered that Intel had "contributed nothing of value" to the OLPC project in the last six months. Negroponte's claims don't make a lot of sense. If Intel had merely failed to contribute resources to the project, that would hardly justify such a public and acrimonious split. The only other complaint, that Intel "continued to disparage" OLPC's product after joining the project, suggests that Negroponte is tacitly conceding that Intel's Classmate PC was the real sore point. As we said last year, this seems like a case of sour grapes on Negroponte's case. It's ridiculous to think that in a world with hundreds of millions of poor children there should only be one low-cost laptop design. Giving governments in developing countries more options can only be a good thing for poor kids. Negroponte sniffs that "we view the children as a mission; Intel views them as a market." But if Intel is able to provide developing countries with a better laptop at a lower price—and turn a profit in the process—what's wrong with that? Losing those sales might bruise Negroponte's ego, but it's hard to see how it's bad for the kids whose interests Negroponte claims to champion.

Tim Lee is an expert at the Techdirt Insight Community. To get insight and analysis from Tim Lee and other experts on challenges your company faces, click here.

Permalink | Comments | Email This Story. We could also look at these things alternative Minimum Tax filings to increase this year Cleveland Plain Dealer - The alternative minimum tax was crafted in 1969 to go after about 150 people - yes, 150 people - who were Bill Gates-like rich but paid no taxes because they found deduction after deduction. Under AMT, many deductions are eliminated so they can’t be …Did you know that Alternative means the choice between two mutually exclusive possibilities. I have this floating around somewhere gates announces Microsoft won’t raise bid for Yahoo Shropshire Star - Bill Gates has claimed that Microsoft was not been haggling with Yahoo! over the rejected buyout offer for the search engine. “We sent them a letter and said we think that’s a fair offer. There’s nothing that’s gone on other than us stating …Did you know that Gates means a device for controlling the passage of water or gas through a dam or conduit. We have also noted linux-based Android and LiMo Dominate Mobile-Phone Show
(NewsFactor) NewsFactor - Open-source Linux is coming of age for mobile phones. While Google’s Android platform has attracted attention at the World Mobile Congress in Barcelona, Spain, so has LiMo, another Linux-based platform.Did you know that Show means a striking appearance or display; a spectacle. this is worth your time

We also recommend AP - China’s top search engine Baidu.com has been sued by a local music industry group for alleged copyright violation, the second recent similar action from the industry, the group said. On another note: analysis: Yahoo Bid Backfire If Microsoft Can’t Change?
(PC World) PC World - The Yahoo bid is a dramatic statement from Microsoft, a company that delayed acknowledging the importance of emerging Web business models for so long.Did you know that World means a particular way of life: the world of the homeless.. Somthing common facebook To License Its Platform Code
(NewsFactor) NewsFactor - The rapid evolution of social-networking sites now will feature a competition among platforms, with the announcement on Thursday that Facebook will make its platform available to other sites.Did you know that Platform means a thick layer, as of leather or cork, between the inner and outer soles of a shoe, giving added height. I should add that %keyword% microsoft’s piracy fight gains momentum in China CNBC - SHANGHAI/SEATTLE - In his first official visit to the United States in 2006, China President Hu Jintao arrived for dinner at Microsoft Corp. Chairman Bill Gates’ house with a gift for the host. Shortly before Hu’s Seattle visit, the Chinese …Did you know that China means high-quality porcelain or ceramic ware, originally made in China. wow… this is such a great idea

We also can look at this information to… Hindustan Times - … Copper Canyon aboard the “Sierra Madre Express” to $26,500 for a 16-day Vancouver-Montreal excursion aboard the exclusive “Royal Canadian Pacific,” which hosted the likes of Sir Winston Churchill, King G eorge VI, Queen Elizabeth - and Bill Gates. Wow… I love this using this technology Gets Chic
(PC World) PC World - Servers, e-mail applications and other less-than-chic combinations of hardware and software typically inhabit the technology realm. Linen is rarely equated with LEDs, while discussing couture along with the 802.11 Wi-Fi standard is almost laughable.Did you know that World means a class or group of people with common characteristics or pursuits: the scientific world.. On another note: movie star bad boys clean up their act as they strip off for an al Daily Mail - Actresses Cameron Diaz and Olivia Newton-John have wandered through the ancient cobblestone streets, as has Microsoft founder Bill Gates. In August, Wilson was rushed to hospital following a reported suicide attempt. The 38-year-old star was said to …Did you know that Star means something that has no quantitative value; zero: a score of two to nothing.. This is pretty cool napster posts smaller 3Q deficit
(AP) AP - With a 15 percent jump in revenue from subscriptions, online music retailer Napster Inc. said Wednesday it spent less and lost much less in its third quarter than a year earlier.Did you know that Deficit means the amount by which a sum of money falls short of the required or expected amount; a shortage: large budget deficits. I also noted that

Also we can say this Reuters - Chinese online video Web site Hupo.TV,
backed by Internet entrepreneur Brad Greenspan, landed an
exclusive partnership with China government-backed pop radio
station Music Radio, the company said on Wednesday. Please consider the following tips hackers Rig Google to Deliver Malware
(PC World) PC World - The latest malware trend should prompt you to think twice about the links you click next time you search.Did you know that World means a class or group of people with common characteristics or pursuits: the scientific world.. Somthing like that the Year of the New Mobile Operating System
(PC World) PC World - The entrance of two new operating systems from well-known brands shakes up the plans of some mobile operators and indicates some fundamental changes in the mobile industry.Did you know that World means people as a whole; the public: The event amazed the world. read on to check out what awaits you

I could also add that Australian IT - THE European Commission fined Microsoft a record E899 million ($1.4 billion) last night for failing to comply with its 2004 anti-trust ruling against the US software giant. Microsoft boss Bill Gates has had many battles with regulators The fine comes … Wow..this is a neat idea on the house Baltimore Sun - A desktop computer for Bill Gates - the bird entrance is through the monitor. A cowboy hat for Willie Nelson. A Wheel of Fortune for Pat Sajak. A replica of the Barone family’s Queens, N.Y., cottage that went to the cast of Everybody Loves Raymond. … Please check this out with Yahoo, Microsoft faces antitrust fight once again CNET News - No longer do Microsoft executives say “to heck with” the attorney general, and a statement from Bill Gates accusing the government of “trying to slow Microsoft down” has vanished from microsoft.com. Microsoft now outspends by far any other technology …Did you know that Fight means a struggle to achieve an objective. See Synonyms at conflict. wow… this is such a great idea

Additionally AP - RICH OFFER: After two years of on-and-off talks and speculation, Microsoft offers to buy Yahoo for $31 per share, or $44.6 billion. What a great idea on this day Hounslow Guardian - 1927 - British driver Malcolm Campbell breaks the world land speed record in his car, Bluebird, with a speed of 174.88 mph. 1998 - Bill Gates has a pie thrown in his face in Brussels. 1998 - Captain Birdseye, aka James Hewson, retires from … This information might be a better choice report: News Corp., Yahoo in talks to fend off Microsoft
(InfoWorld) InfoWorld - Yahoo may team up with News Corp. to fend off Microsoft’s bid to buy the struggling Web portal, according to a Wall Street Journal report on Wednesday.Did you know that Report means an explosive noise: the report of a rifle. I also noted that

Anyhow As part of Time Warner’s earnings conference call, the company noted that it will be splitting AOL into two parts: cutting the rapidly shrinking access subscriber business from the content/advertising business. Many folks are assuming this is in preparation to finally sell AOL off. Of course, like so much that AOL/Time Warner has done over the years, this is too little too late. Remember the happy days in the 90’s when AOL would come out with a press release announcing every million new subscribers? Funny that they don’t do that for every million lost subscribers… However, it’s been those subscribers that have hindered AOL’s ability to adjust. For years, they were afraid to do too much with free content to lose that subscription base, even as that subscription base was figuring out that they could already go elsewhere and get the same content for free (and buy access for much less). So, when the company finally adopted a free model, it was too late to simply throw the doors open. People just weren’t that interested. The same is true now. Time Warner had a chance to salvage AOL years back, if they had aggressively tied it to a broadband strategy rather than competing with itself and giving lip service to a more complete strategy which never actually seemed to happen. Finally separating out the dwindling access business is hardly going to catapult the rest of the business forward, as most people have simply moved on to other sources. While the sheer size of AOL’s traffic can hold it up for a while (and may make it an attractive buyout for someone looking only to buy some traffic), it’s lack of innovation and growth have pretty much doomed it to also-ran status.

Permalink | Comments | Email This Story. I also noted that; wi-Fi camera card gets a CES prize
(AP)

AP - A memory card that wirelessly sends pictures from a digital camera to a computer — letting you skip the tedium of plugging the camera in to upload images — got bragging rights Wednesday at the International Consumer Electronics Show.

.Did you know that Card means a menu, as in a restaurant. Also you should check this site out japanese study clears mobiles of brain cancer risk
(Reuters)

Reuters - Using a mobile phone does not increase
your risk of brain cansier, according to a new Japanese study
that is the first to consider the effects of radiation on
different parts of the brain.

. This is also the fact microsoft Corporation Company Profile - View Microsoft Corporation Birmingham Business Journal - The company was started by Bill Gates and Paul Allen. Microsoft Corporation Executives Steven A. Ballmer [CEO] Alain Crozier [Corporate Vice President & Interim co-CIO] Brian Kevin Turner [COO] Christopher P. Liddell [CFO & Senior Vice President, Finance … This is also worth to check out