Thursday, April 26, 2012

Dynamic Wealth Management Headlines: World Economic Forum on Latin America takes place in Puerto Vallarta

http://dynamicwealthmanagement-updates.com/2012/04/dynamic-wealth-management-headlines-world-economic-forum-on-latin-america-takes-place-in-puerto-vallarta/


MEXICO CITY, Mexico – The seventh World Economic Forum on Latin America will take place in Puerto Vallarta, Mexico, on 16-18 April 2012. The meeting, held under the theme “Regional Transformation in a New Global Context”, will convene a record number of participants for this regional gathering, with close to 900 top regional and global leaders from 70 nations.
With the full support of the Government of Mexico and the Forum’s key Strategic Partners, the World Economic Forum on Latin America will convene key decision-makers from government, industry, civil society and academia. Leaders will shape a strategic vision for the region’s growth, gain understanding of its global potential and align stakeholders around that vision to inspire its realization.
Felipe Calderón, President of Mexico, will open this year’s World Economic Forum on Latin America. The programme is designed to develop insights on the priorities of the region’s agenda and is built on three thematic pillars: Rebalancing Global Economic Recovery; Rising Capabilities towards Regional Transformation; and Creating Innovative Models for a Sustainable Future.
“We need to shape a vision and encourage a strong commitment and collaborative action across generations to transform the region and achieve its full global potential.” said Marisol Argueta de Barillas, Senior Director, Head of Latin America, World Economic Forum; “We would like to align different stakeholders in recognizing the region’s powerful potential, understanding its risks and finding innovative ways to respond adequately to Latin America’s current and future challenges.”
The Co-Chairs of the meeting reflect the international character of the participants: Sally Blount, Dean, Kellogg School of Management, Northwestern University, USA; H.R.H. Crown Prince Haakon of Norway, Crown Prince of Norway; Jeffrey Joerres, Chairman and Chief Executive Officer, ManpowerGroup, USA; Martin Senn, Group Chief Executive Officer, Zurich Insurance Group, Switzerland; Daniel Servitje, Chief Executive Officer, Grupo Bimbo, Mexico; and Juan Jose Suarez Coppel, Chief Executive Officer, Pemex – Petroleos Mexicanos, Mexico.
Public figures participating in this year’s meeting include five heads of state or government: Désiré Bouterse, President of the Republic of Suriname, Felipe Calderón, President of Mexico, Ricardo Martinelli, President of Panama, Otto Perez Molina, President of Guatemala and Mariano Rajoy Brey, Prime Minister of Spain.
Additional public figures participating in this year’s meeting include Bruno Ferrari Garcia de Alba, Secretary of the Economy of Mexico; Pablo Longueira Montes, Minister of Economic, Development and Tourism of Chile; Karel De Gucht, Commissioner for Trade, European Commission; Angel Gurría, Secretary-General, Organisation for Economic Co-operation and Development (OECD); José Miguel Insulza, Secretary-General, Organization of American States (OAS); Alicia Barcena Ibarra, Executive Secretary, United Nations Economic Commission for Latin America and the Caribbean (ECLAC); Luis A. Moreno, President, Inter-American Development Bank; Marlene Malahoo Forte, Senator, Jamaica; Alejandro Poiré Romero, Secretary of the Interior of Mexico; Patricia Espinosa Cantellano, Secretary of Foreign Affairs of Mexico; and Arthur G. Mutambara, Deputy Prime Minister of Zimbabwe.
Latin America is notable for its stability and innovative social, agriculture and renewable energy achievements. As such, the region is providing new models to address the future course of world affairs.
With projected 3.5% economic growth for 2012 and a population of 110 million – with 50% under 27 years of age – Mexico has outstanding potential and attracts impressive levels of investment. In 2012, the country will hold presidential elections and chair the G20. Development and financial resilience, food security, employment and green growth are at the top of the agenda.
In Brazil, the Rio+20 Summit will address sustainable development at the global level; and in Colombia, the sixth Summit of the Americas will focus on the connectivity and regional cooperation as a means to overcome the hemisphere’s challenges.
For the first time, the Young Global Leaders (YGLs) Annual Meeting and YGL Alumni Summit will be hosted in Latin America. The Summit will bring more than 300 YGLs and alumni from more than 69 countries. The Forum of Young Global Leaders is a multistakeholder community of exceptional young leaders between the ages of 30 and 40 who share a commitment to address challenges of public interest with the objective of shaping a better future.
With the participation of the energy ministers of Latin America, the second Sustainable Growth Summit will also take place, and will be structured on three pillars: mobility, resources and energy. A meeting between the ministers of economy and anti-corruption officials from the G20 will take place immediately following the World Economic Forum on Latin America.

Sovereign wealth needs risk management

http://www.ft.com/cms/s/0/b8139694-83ed-11e1-9d54-00144feab49a.html#axzz1sosP1XX6


From WORLD 7:19pm

China reform drive boosted by Bo’s fall

wen jiabao

Wen and allies encouraged to introduce political changes

From COMPANIES 9:50pm

Rupert Murdoch spreads the blame for hacking

Lawyer describes accusation as ‘shameful lie’

A college student takes part in a rally against cuts and unemployment©ReutersFrom WORLD 5:08pm

Korea’s youth face shrinking jobs pool

Fewer positions on offer as conglomerates build new growth abroad

From COMPANIES 10:36pm

US natural gas prices weigh on ExxonMobil

Earnings drop 11% on lower oil production

From WORLD 4:48pm

Brazil wealthy set to double in 11 years

Increase changing country’s social and political fabric

From COMPANIES 6:30pm

Chesapeake to end contentious incentive plan

Chief agrees to end scheme giving stake in wells

Wednesday, April 18, 2012

Dynamic Wealth Management Headlines: Strong Franc Deters Europeans From Visiting Switzerland In Jan

http://dynamicwealthmanagementreports.com/2012/03/dynamic-wealth-management-headlines-strong-franc-deters-europeans-from-visiting-switzerland-in-jan/


ZURICH –  The number of Europeans visiting Switzerland fell again in January because of the strong Swiss franc and sluggish economies in the region, data from the Federal Statistics Office showed Wednesday.
The Alpine country continues, however, to be a more attractive destination for Asian tourists, with the number of Chinese visitors more than doubling from year-earlier levels.
The total number of foreign guests staying overnight in Swiss hotels fell 8.4% in January from a year earlier, with 14% fewer visitors from Europe; of this total, the number of Germans–the most important global target market for Swiss hoteliers–slid 21%, the statistics office said.
Switzerland is traditionally a popular holiday destination for Europeans, particularly for skiing and hiking, but the Swiss currency’s surge to near parity with the euro in August last year has made it increasingly expensive for average-income families.
Switzerland’s tourism industry has received government financial backing as it tries to offset its image as an increasingly pricey holiday destination, but the winter season is likely to be difficult for hotels and restaurants, the BAKBasel economic institute said last year.
Still, many Alpine winter locations are now reporting ideal weather and snow conditions for skiers, which may alleviate some of the drop-off in business associated with the strong franc

Dynamic Wealth Management Headlines: Google patches 9 Chrome bugs, pays more to top researchers

http://dynamicwealthmanagementreports.com/2012/03/dynamic-wealth-management-headlines-google-patches-9-chrome-bugs-pays-more-to-top-researchers/


Computerworld - Google yesterday patched nine vulnerabilities in Chrome in the sixth security update to Chrome 17, the edition that launched Feb. 8.
Wednesday’s update was the first since the Chrome security team issued a pair of quick fixes during the ”Pwnium” hacking event held March 7-9 at the CanSecWest security conference.
Six of the nine bugs patched Wednesday were rated “high,” the second-most dire ranking in Google’s threat system. One was marked “medium,” and the remaining two were labeled “low.”
Google paid $5,500 in bounties to four researchers for reporting five bugs. The four other vulnerabilities were uncovered by members of Google’s own security team or were too minor to be eligible for a bonus.
Three of the four researchers who reported flaws fixed in Chrome 17 yesterday have been recently recognized by Google.
Sergey Glazunov, who received a $2,000 bounty for submitting a bug described by Google as “cross-origin violation with ‘magic iframe,’” was one of two $60,000 prize winners at Pwnium earlier this month.
Glazunov was the first to claim cash at Pwnium, the Chrome-only hacking challenge that Google created after it withdrew from the long-running Pwn2Own contest over objections about the latter’s exploit reporting practices.
Two others, Arthur Gerkis and a researcher known as “miaubiz,” received $1,000 and $2,000, respectively, for bugs that Google patched yesterday.
Gerkis and miaubiz were two of the three outside bug hunters who were given special $10,000 bonuses three weeks ago for what Google called “sustained, extraordinary” contributions to its vulnerability reporting program.
So far this year, Google has paid nearly $200,000 to outside researchers through its bug bounty and Pwnium programs.
Google will not be patching a Chrome bug revealed in “Pwn2Own,” the other hacking contest that ran at CanSecWest.
At Pwn2Own, a team from the French security firm Vupen exploited Chrome by using a one-two punch of a bug in Flash Player — which Google bundles with its browser — and a Chrome “sandbox escape” vulnerability.
Because Pwn2Own sponsor HP TippingPoint’s Zero Day Initiative (ZDI) bug bounty program does not require researchers to disclose sandbox escape vulnerabilities, Google was not told how the Vupen team hacked Chrome.
Yesterday’s update to Chrome 17 can be downloaded for Windows, Mac OS X and Linux from Google’s website. Users running the browser will receive the new version automatically through its silent, in-the-background update service.