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Many insurance companies are not insured against cyber attacks
Video: Small Business Insurance
A leading organisation is of insurers and underwriters are predicting that the recession and continued job losses will see an increase in white collar extortion against businesses. The organisation also found that many businesses are not insured against cyber crimes which could result in data or business loss.
“According to a DTI Information Security Breaches Survey, a third of UK businesses think general small business insurance provides full cover for damage to the business arising from data loss,” commented a spokesperson, “but the reality is quite different, with very few businesses likely to be insured against the result of cyber attacks on its most crucial management and business tool – corporate and customer information, most of which is today held on corporate IT systems.
Home start-ups face extra risks without small business insurance
Fresh data collected by online small business insurer Insurantz.com shows that an increasing number of entrepreneurs face extra risk of litigation, loss, etc.
The insurer’s research reveals that nearly one million entrepreneurs who are starting their own small businesses from home are unwittingly placing themselves at severe financial risk because of the wrong impression that their businesses are covered by existing home-contents policies.
The study revealed a serious gap between what is needed and the commercial reality.
Credit-card industry may cut $2 trillion lines: analyst
Mon Dec 1, 2008 4:06pm EST (Reuters) - The U.S. credit-card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said. The credit card is the second key source of consumer liquidity, the first being jobs, the Oppenheimer & Co analyst noted.FACT CHECK: Palin Goes Rogue on Some Details
WASHINGTON (AP) -- Sarah Palin's new book reprises familiar claims from the 2008 presidential campaign that haven't become any truer over time. Ignoring substantial parts of her record if not the facts, she depicts herself as a frugal traveler on the taxpayer's dime, a reformer without ties to powerful interests and a politician roguishly indifferent to high ambition.
Palin goes adrift, at times, on more contemporary issues, too.
The Office, "Murder": Best Lines of the Night and Video!
Well, I do declare! This week's The Office was silly good fun. Distraught over rumors of bankruptcy, Michael suggests that the employees engage in a murder mystery game called Belles, Bourbon and Bullets to keep their spirits up.
Closed Shop (or how Obama plans to get folks back to work)
Closed Shop By Kevin Mooney on 11.12.09 @ 6:07AM Non-union construction workers could be locked out of new federal projects thanks to an executive order President Obama signed back in February on the sly as part of a payback to organized labor. The election of Republican governors in Virginia, and especially New Jersey, who are both opposed to union-only favoritism in contracting, could complicate the administration’s efforts, at least on the state level. The loss of New Jersey must be viewed as a particularly acute setback, given how active labor bosses and White House operatives were in their failed effort to secure re-election for a long-time ally.12 reasons unemployment is going to (at least) 12 percent
12 reasons unemployment is going to (at least) 12 percent Posted by: James Pethokoukis (Reuters) Gluskin Sheff economist David Rosenberg, formerly of Merrill Lynch, thinks the unemployment rate is going to at least 12 percent, maybe even 13 percent. Optimists, Rosenberg explains, underestimate the incredible damage done to the labor market during this downturn. And even before this downturn, the economy was not generating jobs in huge numbers.Obamanomics' Backlash Stimulus
Obamanomics' Backlash Stimulus By Ralph R. Reiland What the Democrats should have learned from their losses last Tuesday is that the advice given by political strategist James Carville to candidate Bill Clinton in the 1992 presidential campaign is still valid -- "It's the economy, stupid." More specifically, what hurt Democrats at the polls is the lack of new jobs and the flood of red ink -- plus the doctor-bashing as a strategy to enact Obamacare, the push to cancel a worker's right to a secret ballot during unionization drives, the promise of skyrocketing utility rates via cap-and-trade mandates, and the prospect of higher taxes, more regulations and less liberty by way of an ever-increasing intrusion by government into every aspect of our lives.Electronic Arts cuts 1500 jobs
Electronic Arts Inc (ERTS.O) posted a wider quarterly loss and said it would cut about 1,500 jobs, or about 17 percent of its workforce, in another round of restructuring for the video game publisher. The company, whose shares fell 2 percent in after-hours trade, also plans to narrow its product portfolio to focus on higher margin games and said it expects to publish fewer than 40 titles next fiscal year, down from around 60 last year.Obama's "mild" presidency
Analysis: Where was the downtown rally? Obama’s Madison visit a hallmark of his mild presidency By JOHN NICHOLS Analysis: Where was the downtown rally? Obama's Madison visit a hallmark of his mild presidencyOne year ago Tuesday, Barack Obama redefined American electioneering to such an extent that it was possible to believe that the success of his transformational campaign would lead to a transformational presidency.
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