Skip to main content

Billions lost at Australian Share Markets

Do you have a Sustainability Strategy ready?

Australian share prices have plummeted since the start of 2008, driven by the exposure of local banks and financial institutions to the US credit crisis. It is becoming increasingly clear that the Australian economy as a whole is far from immune to the impact of a US recession, despite a prolonged local boom based on mining exports.

By January 19, more than $147 billion had been lost from the value of shares since the beginning of the year, with the S&P/ASX index down some 9 percent. It was the 10th consecutive fall, the longest run since September 1990. The index had fallen 15.8 percent from its peak of 6828.7 points on November 1, also marking the weakest start to a calendar year for 17 years. Since the US sub-prime collapse began in the middle of last year, the market has now fallen twice by more than 10 percent.

The latest price slide, which has been accompanied by large losses across East Asian markets, has exceeded the falls on Wall Street itself. According to the Australian Financial Review, the Australian market has suffered its “worst losing streak since 2000”—when the dot-com bubble burst—“as increasing concerns that the United States is in the grip of recession ramped up the sell-off across global equities”.


Read the rest.
Labels:

Comments

Post a Comment

Popular posts from this blog

Security: VMware Workstation 6 vulnerability

vulnerable software: VMware Workstation 6.0 for Windows, possible some other VMware products as well type of vulnerability: DoS, potential privilege escalation I found a vulnerability in VMware Workstation 6.0 which allows an unprivileged user in the host OS to crash the system and potentially run arbitrary code with kernel privileges. The issue is in the vmstor-60 driver, which is supposed to mount VMware images within the host OS. When sending the IOCTL code FsSetVoleInformation with subcode FsSetFileInformation with a large buffer and underreporting its size to at max 1024 bytes, it will underrun and potentially execute arbitrary code. Security focus
Post a Comment
Read more

OS Virtualization comparison: Parallels' Virtuozzo vs the rest

Virtuozzo's main differentiators versus hypervisors center on overhead, virtualization flexibility, administration and cost. Virtuozzo requires significantly less overhead than hypervisor solutions, generally in the range of 1% to 5% compared with 7% to 25% for most hypervisors, leaving more of the system available to run user workloads. Customers can also virtualize a wider range of applications using Virtuozzo, including transactional databases, which often suffer from performance problems when used with hypervisors. On the administration side, customers need to manage, maintain and secure just a single OS instance, while the hypervisor model requires customers to manage many OS instances. Of course, the hypervisor vendors have worked hard to automate much of this process, but it still requires more effort to manage and maintain multiple operating systems than a single instance. Finally, OS virtualization with Virtuozzo has a lower list price than the leading hypervisor for comme...
Post a Comment
Read more