July 19, 2012 0

Cui bono

By News Desk

Cui bono DeSmog brings news that the Norfolk Constabulary has stopped its investigation into the CRU hacking.  In a press release they state: While no criminal proceedings will be instigated, the investigation has concluded that the data breach was the result of a ‘sophisticated and carefully orchestrated attack on the CRU ’s data files, carried out remotely via the internet’. Senior Investigating Officer, Detective Chief Superintendant Julian Gregory, said: “Despite detailed and comprehensive enquiries, supported by experts in this field, the complex nature of this investigation means that we do not have a realistic prospect of identifying the offender or offenders and launching criminal proceedings within the time constraints imposed by law.“The international dimension of investigating the World Wide Web especially has proved extremely challenging.“However, as a result of our enquiries, we can say that the data breach was the result of a sophisticated and carefully orchestrated attack on the CRU ’s data files, carried out remotely via the internet. The offenders used methods common in unlawful internet activity to obstruct enquiries

July 18, 2012 0

Whem

By News Desk

Neven said… He INSISTS on straight odds, and got rather testy with me when i suggested that meant he thought there was an even chance of breaking the record. Oh my, that’s very funny! :-D—This is very difficult

July 18, 2012 0

"China Rebalancing Has Begun"; What are the Global Implications? Michael Pettis on China Rebalancing, Chinese Price Deflation, and Spain…

By News Desk

Please see Target2 and the ELA (Emergency Liquidity Assistance) program; Reader From Europe Asks "Can You Please Explain Target2?" for a more compete description. There is much misinformation floating around on how Target 2 works, what Germany’s liabilities are, so please click on the above link if you are interested in target 2 balances. The following chart from PIMCO article TARGET2: A Channel for Europe’s Capital Flight shows the capital flight through March