| The black box explodes
Shortly past 8 a.m. on an already sweltering August Monday, a small team of financiers hurried down a flight of stairs in one of Montreal's most historic office buildings to watch a modern disaster unfold. The men, senior executives with National Bank Financial, were hurrying to a cavernous room on the main floor of the beaux-arts Sun Life building where more than 100 traders buy and sell billions of dollars of stocks, currencies and debt instruments every day. Leading the group was Ricardo Pascoe, a wiry, soft-spoken derivatives specialist who was named co-chief executive officer of National Bank of Canada's securities arm a year earlier. At his side was his top legal executive, Brian Davis. Mr. Pascoe whisked the group past long lines of noisy trading desks to a normally quiet corner where a half dozen men and women were feverishly working the phones.
GlobalSCAPE branching out into the credit-card payment market
GlobalSCAPE Inc. is pooling its expertise in data transfer and storage technologies on a new tool that will allow merchants to securely transmit payment data over the Internet. Even though the financial data-security market is not new, merchants now are facing even more stringent requirements for accepting and processing credit-card payments. Companies that fail to meet Payment Card Industry - Data Security Standard (PCI-DSS) requirements could face fines up to $500,000 per incident and could lose their processing privileges for not keeping customer's account data secure. To capture a slice of this security market, the San Antonio-based company has developed a new system called GlobalSCAPE High Security-PCI that will be marketed to merchants.
International Forecaster November 2007 (#4) - Gold, Silver, Economy + More
The following are some snippets from the most recent issue of the International Forecaster. For the full 27 page issue, please see subscription information below. THE INTERNATIONAL FORECASTER WEDNESDAY 111407(4)_IF P. O. Box 510518, Punta Gorda, FL 33951-0518 An international financial, economic, political and social commentary. Published and Edited by: Bob Chapman E-Mail Address: International_forecaster@yahoo.com CHECK OUT OUR WEBSITE www.theinternationalforecaster.com 1-YEAR $159.95 U.S. Funds US AND CANADIAN SUBSCRIBERS: Make check payable to Robert Chapman (NOT International Forecaster), and mail to P.O. Box 510518, Punta Gorda, FL 33951-0518. Please include name, address, telephone number and e-mail address.
Stem cell pioneer cleared by review
STEM cell research pioneer Alan Trounson has accepted ultimate responsibility for the misconduct of a senior researcher in one of his laboratories at Monash University. The unnamed researcher, who was working on a project to reverse smoking-induced lung damage with stem cells, was found guilty of research misconduct and will be counselled. Monash University will repay the Australian Stem Cell Centre up to $300,000 in compensation for research a Monash investigating committee found was negligent and careless. Monash University vice-chancellor Richard Larkins told The Weekend Australian yesterday that Professor Trounson -- who he described as "an international star of reproductive medicine" -- was "pleased to be cleared of any finding of research misconduct".
|
