Gordhan congratulates new IMF head

first_img30 June 2011 South African Finance Minister Pravin Gordhan has congratulated Christine Lagarde on her appointment as managing director of the International Monetary Fund, while calling for the body to give more say to emerging countries.“As the global economy continues to be plagued with persistent economic challenges, the role of the IMF has and will continue to become crucial to global co-ordination and crisis management,” Gordhan said in a statement on Wednesday.“I am confident that Ms Lagarde will be able to actively enhance that role even-handedly and effectively.”The French finance minister was named the first ever woman head of the IMF on Tuesday.The IMF should continue to focus on certain issues to “further strengthen its relevance and legitimacy among all member countries”, Gordhan said.This included transferring quota shared to emerging and developing countries to give them more weight in IMF decisions.He also called for a commitment that the next head of the IMF need not come from Europe.“Small countries should have appropriate voice. Since the global crisis, small countries have faced particular challenges that require greater attention from the IMF,” Gordhan said.He called for more diversity in IMF staff in terms of their nationality, gender, and academic and professional backgrounds and improved surveillance of important advanced economies.The IMF’s top job has been held by a European for 65 years.Sapalast_img read more

Cloud Computing Security: The Road to a Secure Cloud is Likely to be a Long One

first_imgSecurity threats are becoming increasingly common and sophisticated.  A survey by Arbor Networks about Infrastructure Security found that:30 percent of organizations report seeing Advanced Persistent Threats (APT) against their internal networks over the last year.All organizations reported seeing at least some level of application-layer attacksOrganizations reported a dramatic rise in the number of DDoS attacks10 percent of Data Centers surveyed saw more than 100 DDoS attacks per month20 percent report having had a mobile outage over the past year as a result of a security incidentAttacks against Web Services up 17 percent over the previous yearIt’s no wonder that security is still ranked top or very high on the list of concerns of organizations when considering cloud computing.58 percent of IT professionals rank security as their biggest concern when considering to adopt cloud services, and 60 percent say that the security procedures and policies provided is an important factor that is considered when selecting a cloud provider, according to the recently reported Data Health Check report prepared by Databarrack.Similar concerns about security were reflected in a different survey of IT professionals taken by Avere Systems.  That report found that 60 percent of organizations said that cloud security is one of their top concerns when considering cloud adoption.  Other challenges/barriers related to cloud adoption mentioned were organizational resistance (53 percent) and performance issues (29 percent).  The major benefits of moving to the cloud cited by 60 percent of professionals in the Avere survey were cost savings, and data recovery and business continuity.Reports by 451 Research, CloudPassage and IDG Enterprise also all found that IT groups rank security as their major concern.Peter Groucutt, managing director for Databarracks, said that “security is always going to be the major priority for those considering a move to cloud services, as you are often trusting a third party with your company’s most sensitive data.  However… organizations are no longer seeing this as a roadblock, but rather an opportunity to review their current security practices and implement effective new policies that protect their data and enable a more confident move to cloud services.”last_img read more

Mark Zuckerberg’s Mythic T-Shirt And Fake Silicon Valley Do-Goodery

first_imghelen popkin 8 Best WordPress Hosting Solutions on the Market Top Reasons to Go With Managed WordPress Hosting Tags:#Facebook#Mark Zuckerberg#Silicon Valley#Truth#Truthiness A Web Developer’s New Best Friend is the AI Wai…center_img Why Tech Companies Need Simpler Terms of Servic… Mark Zuckerberg wears a version of the same gruel-toned T-shirt every day not because media handlers suggested he rock a signature look in the manner of visionary icons Albert Einstein and Steve Jobs. Nor does the Zuck don apparel of a color that exists only in dystopian tales (sort of a 1984-gray) simply because he’s a really busy guy who can’t be bothered. According to Zuckerberg, in his first public Q&A conducted in English, the lack of diversity in his personal wardrobe is because he cares.  See also: Thanks Mark Zuckerberg! Now China Knows We’re Stupid“I really want to clear my life to make it so that I have to make as few decisions as possible about anything except how to best serve the community,” Zuckerberg told the audience during Thursday’s town hall on the Facebook campus in Menlo Park. “I’m in this really lucky position where I get to wake up every day and help serve more than 1 billion people, and I feel like I’m not doing my job if I spend any of my energy on things.” Things like the color spectrum, clearly.Is Zuckerberg ingesting nothing but soylent, too? Think of time saved! Does the Zuckerberg uniform include astronaut diapers, so he can “go” on the go? And by serving “the community” does Zuckerberg mean “capitalism”?The Truth Is Out ThereTruth in Silicon Valley, like Einstein’s Spacetime theory, is relative.Running a multi-billion dollar for-profit corporation with a dodgy history of hiring practices, privacy rights, and “customer service” is neither a priestly calling nor noble endeavor. Mother Theresa, Zuckerberg ain’t. Doctors Without Borders serves humanity. Teachers and firefighters serve humanity. Building shareholder value when you are yourself the biggest shareholder is a somewhat less selfless undertaking. Nonetheless, do-goodery—the marketing tool du-jour in Silicon Valley—saturates every aspect of Zuckerberg’s media-honed public persona. The reason is obvious. Public acts of charity are more than a sweet tax-write off if you’re a billionaire CEOs who can easily afford to flip a few couch cushions in the name of, say, eradicating Ebola.See also: Facebook Wants You To Help Eradicate EbolaIt shows your “community”—who may feel burned by your company more than a few times—that you care. It also plays great with shareholders, at least one of whom recently expressed concern that despite the social network’s public support of the gay and transgender community, its political action committee “has donated 41% of contributions since its inception to politicians voting against LGBT rights.”Trust No OneThat shareholder’s concern that Facebook’s fiduciary hypocrisy could cause it to fall from public favor is documented in Facebook’s April filing with the Securities and Exchange Commission. That same filing includes a note about how 30% of the PAC’s contributions have gone to “politicians voting to deregulate greenhouse gases,” the filing states, “despite Facebook’s public support for the environment.”Zuckerberg, one of the richest men on the planet trying to pass himself off as a do-gooder, is one of the most spectacular cases of personality overreach ever.  That doesn’t mean you should quit Facebook. But just because you use Zuckerberg’s product doesn’t mean you have to drink his Kool-Aid.Screengrab by Facebook Related Posts last_img read more

List of unsold players in the IPL auction-5

first_imgThe following is the list of unsold players in the Indian Premier League (IPL) auction-5 in Bangalore on Saturday:  PLAYERS UNSOLD James Anderson base price $300,000 Tamim Iqbal base price $50,000 Adrian Barath base price $50,000 Ramnaresh Sarwan base price $100,000 Ian Bell base price $200,000 Owais Shah base price $200,000 Upul Tharanga base price $50,000 VVS Laxman base price $400,000 Matt Prior base price $200,000 Brendan Taylor base price $100,000 Mark Boucher base price $100,000 Justin Kemp base price $100,000 Marlon Samuels base price $100,000 Steven Smith base price $200,000 Ravi Bopara base price $100,000 Luke Wright base price $200,000 Kevin O’Brien base price $50,000 Dwayne Smith base price $100,000 Lonwabo Tsotsobe base price $50,000 VRV Singh base price $100,000 Vernon Philander base price $200,000 Fidel Edwards base price $100,000 Ravi Rampaul base price $100,000 Peter Siddle base price $200,000 Tim Southee base price $100,000 Graeme Swann base price $400,000 Rangana Herath base price $50,000 Ajantha Mendis base price $50,000 Steve O’Keefe base price $100,000 Xavier Doherty base price $100,000 Michael Klinger base price $50,000 Richard Levi base base price $50,000 Alviro Petersen base price $100,000 Lendl Simmons base price $50,000 Farveez Maharoof base price $50,000 Jacob Oram base price $100,000 Moises Henriques base price $50,000 Ben Laughlin base price $50,000 Ryan McLaren base price $100,000 Nicky Boje base price $200,000 Jacques Rudolph base price $20,000 Andy McKay base price $50,000 Alister McDermott base price $20,000 Michael Neser base price $50,000last_img read more