Boiler Room System News Update

http://corp.fishercapitalmanagement-corporatenews.com/2011/06/09/201106152011fisher-capital-management-warning-standard-life-issue-inflation-warning/
Joe McGrath, 14 June 2011

Investors buying a level annuity with a pension pot of £80,000 will spend their entire monthly income on basic living costs within seven years of retirement, according to new statistics.
Standard Life researchers have warned that many people could see their retirement income consumed by the basic costs of living as the effect of inflation eats into the money they set aside for retirement.
The FTSE 100 company’s retirement team today warned that investors to take financial advice or risk losing out from inflation restricting living standards in the future.
John Lawson, head of pensions policy at Standard Life, said the cost of living is rising fast for most people in the UK, but this can be particularly acute for pensioners.
He explained, ‘Their spending habits are driven by commodities such as food and fuel bills and these inflation rates are much higher than the overall UK inflation rate.
‘People need to consider how to protect their buying power in retirement from the ravages of inflation over a long period of time, which could be 30 years or more.
‘If pensioner inflation remains at around 6 per cent a year, people with a fixed income could lose almost half of their spending power within a ten year period.
‘There are many options...

http://www.business-standard.com/india/news/euro-zone-leaders-get-warningcentral-bankers/448231/



Germany is divided over Europe’s bailout fund. Finland may be jeopardising Greece’s latest rescue. And Italy is suddenly backpedaling on austerity.

Jean-Claude Trichet and Mario Draghi, the current and incoming presidents of the European Central Bank, had a sharp message for Europe’s leaders on Monday as financial markets swooned: Get your act together.



At a conference in Paris focusing on the world three years after the collapse of Lehman Brothers, Europe’s top central bankers couched their admonishment in diplomatic terms. But the warning was clear: Politicians are still not moving quickly enough to ensure that the European debt crisis doesn’t become seriously worse.



“The solvency of sovereign states should not be taken for granted,” Draghi said as the bond yields of Greece, Italy and other countries with weak finances jumped amid increased investor nervousness. Global stocks also posted steep declines amid worries about the health of the US economy and Europe’s sovereign debt woes.

Europe needs to “make a quantum step up in economic and political integration,” Draghi said.

Trichet, who will be replaced by Draghi when his term expires at the end of October, renewed his call for European politicians to “imagine a federal government, with...

http://www.business-standard.com/india/news/euro-zone-leaders-get-warningcentral-bankers/448231/



Germany is divided over Europe’s bailout fund. Finland may be jeopardising Greece’s latest rescue. And Italy is suddenly backpedaling on austerity.

Jean-Claude Trichet and Mario Draghi, the current and incoming presidents of the European Central Bank, had a sharp message for Europe’s leaders on Monday as financial markets swooned: Get your act together.



At a conference in Paris focusing on the world three years after the collapse of Lehman Brothers, Europe’s top central bankers couched their admonishment in diplomatic terms. But the warning was clear: Politicians are still not moving quickly enough to ensure that the European debt crisis doesn’t become seriously worse.

Hackers who obtained a fraudulent digital certificate for Google may have actually obtained more than 200 digital certificates for other top internet entities such as Mozilla, Yahoo and even the privacy and anonymizing service Tor.
Dutch certificate authority DigiNotar, which was hacked in July, has never acknowledged the number of fraudulent certificates the hackers managed to obtain, nor identified the possible targets other than Google.
But a Dutch security consultant told ComputerWorld this week that “about 200 certificates were generated by the attackers.”