Financial News Wed Jun 6th 2012 – Draghi, Flame Virus, Paulson, Putin
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06. Jun, 2012
Seems like everybody’s angry at Mario Draghi, the ECB President, for stalling on the possibility to cut down interest rates. Looks like DRaghi wants to see more action from the European government’s side before providing some stimulus. The ECB’s interest rates are on hold at 1%. Spain is not yet seeking help from euro zone’s EFSF rescue fund, whose conditions for help would have major political implications for Spain. Meaning that it would put right there on the same level with Ireland, Portugal and Greece.
See now it feel like we are back to normal in Russia! Parliament has just voted on making it very expensive for protesters to go protest. Previously the maximum fine for violations during protests was a maximum of 5000 roubles, which would amount to an approximate $150. Now it’s going to be a whopping $9000!!!for participants and $18,000 for organizers. Apparently this bill is now waiting to be approved by President Putin…oh common, he invented the thing, just in time for the protests that are scheduled to take place next week.
CEO Eugene Kaspersky of Kaspersky Lab, that very same one that discovered the Flame virus, is warning of a new era of “cyber terrorism”, that has the potentional to end the world as we know it. The Flame virus is believed to be one of the most sophisticated cyber weapons ever developed, it is also believed that it was built for the same nations or nations that had commissioned the Stuxnet worm previously, which was supposed to attach computers in Iran and the Middle East specifically. The countries on Kaspersky’s list of suspects are as follows: United States, Britain, Israel, China, Russia, India, Japan and Romania. Take your pick! The scary thing about such viruses is that they can infiltrate software that manages all sorts of grids, like the one used for air traffic control, transportation, power grids. Kaspersky urges governments to develop independent operation systems instead of using Microsoft, Linux and Unix.
Billionaire John Paulson, one of the few who sailed through the credit crisis making his career making fortune, has just bought Hala Ranch in Aspen. Hala Ranch is a 90 acre property, that was originally built and owned by Saudi Prince Bandar bin Sultan. In the year 2006 this property was priced at $135 Million, but with the housing market prices on the descend, Paulson bought this Aspen gem at a discount rate for $49 million. Nice!