Only in the Obamaphate....
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H/T Drudge
Name The New Reserve Currency: China Imports More Gold In 2012 Than All ECB Holdings
Submitted by Tyler Durden on 09/08/2012 - 08:53 China European Central Bank Eurozone Hong Kong International Monetary Fund Portugal Reserve Currency United Kingdom Yuan
The last time we looked at monthly Chinese imports of gold from Hong Kong in 2012, the comparable country in question was Portugal (whose citizens, if not central bank, incidentally have run out of gold to sell), because that is whose total gold holdings (at 382.5 tons) Chinese imports had just surpassed. Fast forward a month later, and the update is even more disturbing. In July, Chinese gold imports from HK, after two months of declines, have picked up once more and hit a 3-month high of 75.8 tons. While it is notable that this number is double the 38.1 tons imported a year prior, and that year-to-date imports are now a record 458.6 tons, well over four times greater than the seven month total in 2011 which was 103.9 tons, what is far more important is that in the first seven months of 2012 alone China has imported nearly as much gold as the total holdings of the hedge fund at the heart of the Eurozone, elsewhere known simply as the European Central Bank, and just as importantly considering the import run-rate has hardly slowed down in August, which data we will have in a few weeks, it is now safe to say that in 2012 alone China has imported more gold than the ECB's entire official 502.1 tons of holdings.
Barack, I suggest you start making those moving quote calls and look into nice all girl private schools for your wonderful daughters.Poll: Angry with economy, youth vote to jump 50%
Connecticut Senate: McMahon (R) 49%, Murphy (D) 46%
Kaspersky Lab Discovers ‘Gauss’ – A New Complex Cyber-Threat Designed to Monitor Online Banking Accounts
Woburn, MA – August 9, 2012 - Kaspersky Lab announces the discovery of ‘Gauss’, a new cyber-threat targeting users in the Middle East. Gauss is a complex, nation-state sponsored cyber-espionage toolkit designed to steal sensitive data, with a specific focus on browser passwords, online banking account credentials, cookies, and specific configurations of infected machines.
The online banking Trojan functionality found in Gauss is a unique characteristic that was not found in any previously known cyber-weapons.
Gauss was discovered during the course of the ongoing effort initiated by the International Telecommunication Union (ITU), following the discovery of Flame. The effort is aimed at mitigating the risks posed by cyber-weapons, which is a key component in achieving the overall objective of global cyber-peace.
ITU, with expertise provided by Kaspersky Lab, is taking important steps to strengthen global cyber-security by actively collaborating with all relevant stakeholders such as governments, the private sector, international organizations and civil society, in addition to its key partners within the ITU-IMPACT initiative.
Kaspersky Lab’s experts discovered Gauss by identifying commonalities the malicious program share with Flame. These include similar architectural platforms, module structures, code bases and means of communication with command & control (C&C) servers.
Quick facts:
● Analysis indicates that Gauss began operations in the September 2011 timeframe.
● It was first discovered in June 2012, resulting from the knowledge gained by the in-depth analysis and research conducted on the Flame malware.
● This discovery was made possible due to strong resemblances and correlations between Flame and Gauss.
● The Gauss C&C infrastructure was shutdown in July 2012 shortly after its discovery. Currently the malware is in a dormant state, waiting for its C&C servers to become active.
● Since late May 2012, more than 2,500 infections were recorded by Kaspersky Lab’s cloud-based security system, with the estimated total number of victims of Gauss probably being in the tens of thousands. This number is lower compared to the case of Stuxnet but it’s significantly higher than the number of attacks in Flame and Duqu.
● Gauss steals detailed information about infected PCs including browser history, cookies, passwords, and system configurations. It is also capable of stealing access credentials for various online banking systems and payment methods.
● Analysis of Gauss shows it was designed to steal data from several Lebanese banks including the Bank of Beirut, EBLF, BlomBank, ByblosBank, FransaBank and Credit Libanais. In addition, it targets users of Citibank and PayPal.
The new malware was discovered by Kaspersky Lab’s experts in June 2012. Its main module was named by the unknown creators after the German mathematician Johann Carl Friedrich Gauss. Other components bear the names of famous mathematicians as well, including Joseph-Louis Lagrange and Kurt Gödel. The investigation revealed that the first incidents with Gauss date back as early as September 2011. In July 2012 the command and control servers of Gauss stopped functioning.
Multiple modules of Gauss serve the purpose of collecting information from browsers, which include the history of visited websites and passwords. Detailed data on the infected machine is also sent to the attackers, including specifics of network interfaces, the computer’s drives and BIOS information. The Gauss module is also capable of stealing data from the clients of several Lebanese banks including the Bank of Beirut, EBLF, BlomBank, ByblosBank, FransaBank and Credit Libanais. It also targets users of Citibank and PayPal.
Another key feature of Gauss is the ability to infect USB thumb drives, using the same LNK vulnerability that was previously used in Stuxnet and Flame. At the same time, the process of infecting USB sticks is more intelligent. Gauss is capable of “disinfecting” the drive under certain circumstances, and uses the removable media to store collected information in a hidden file. Another activity of the Trojan is the installation of a special font called Palida Narrow, and the purpose of this action is still unknown.
While Gauss is similar to Flame in design, the geography of infections is noticeably different. The highest number of computers hit by Flame was recorded in Iran, while the majority of Gauss victims were located in Lebanon. The number of infections is also different. Based on telemetry reported from the Kaspersky Security Network (KSN), Gauss infected approximately 2,500 machines. In comparison, Flame was significantly lower, infecting closer to 700 machines.
Although the exact method used to infect the computers is not yet known, it is clear that Gauss propagates in a different manner to Flame or Duqu; however, similar to the two previous cyber-espionage weapons, Gauss’ spreading mechanisms are conducted in a controlled fashion, which emphasize stealth and secrecy for the operation.
Alexander Gostev, Chief Security Expert, Kaspersky Lab, commented: “Gauss bears striking resemblances to Flame, such as its design and code base, which enabled us to discover the malicious program. Similar to Flame and Duqu, Gauss is a complex cyber-espionage toolkit, with its design emphasizing stealth and secrecy; however, its purpose was different to Flame or Duqu. Gauss targets multiple users in select countries to steal large amounts of data, with a specific focus on banking and financial information.”
At the present time, the Gauss Trojan is successfully detected, blocked and remediated by Kaspersky Lab’s products, classified as Trojan-Spy.Win32.Gauss.
The company’s experts have published in-depth analysis of the malware at Securelist.com: http://www.securelist.com/en/analysis/204792238/Gauss_Abnormal_Distribution
Vice President Joe Biden identified with the struggles of ordinary American in an Iowa campaign speech today.
"The unemployed are really in trouble," Biden said in a campaign stop in Dubuque."My grandpop used to say — from Scranton — he said, Joey, the guy in Dunmore, the next town over, when the guy in Dunmore is out of work it's an economic slowdown. When your brother in law is out of work it's a recession. When you're out of work it's a depression. It's a depression for millions and millions of Americans."
Biden then launched into a critique of Mitt Romney's record and outsourcing, saying he believes that the American worker is part of the problem. Story here with video.
"The net worth of the American family has fallen to its lowest level in two decades, according to government data released Monday, driven by a more than 40 percent drop in their stakes in their homes.
The Federal Reserve’s detailed survey of consumer finances showed families’ median wealth plunged from $126,400 in 2007 to $77,300 in 2010 — a 39 percent decline. That put them on par with median wealth in 1992."
For the whole story, click HERE
Woman charged with prostituting teenage girl
By PAT GROSSMITH
For the rest of the story, click hereMANCHESTER - A city woman is accused of pimping out a 16-year-old girl she met in Victory Park during the Occupy NH demonstrations.
Police said the teen's mother called them Thursday about noon to say her daughter was missing and that her photograph had been posted on a website advertising adult party entertainment.
Investigators looked at the website, found the girl's photo was posted there, along with pictures of three other women, in an advertisement offering men to “come and have fun with four beautiful ladies” in Manchester.