S. Korea rejects Japan court proposal in island row

South Korea rejected Japan's formal proposal Tuesday that the two countries ask the International Court of Justice to settle a long-running island dispute, officials said.

The proposal was made to the South Korean foreign ministry through Japan's embassy in Seoul, the foreign ministry in Tokyo said in a statement.

But in Seoul, South Korean Foreign Minister Kim Sung-Hwan immediately dismissed the suggestion, saying it was "not worth consideration".

Kim also told a parliamentary session, even before the diplomatic document about the proposal was sent, that South Korea would take unspecified "stern measures" if Japan continued to raise an "unjustified" issue over the islets.

On August 10, South Korean President Lee Myung-Bak visited the Seoul-controlled islands, known as Takeshima in Japan and Dokdo in Korea, winning plaudits at home but sending relations with Japan plunging.

Lee's visit, with his cabinet members, "does not fit with our policy and it is extremely regrettable", Japanese Prime Minister Yoshihiko Noda told a meeting with his ministers earlier Tuesday.

"We must take a firm stance on this. We must consider possible measures that we may take in the future," he said as he announced the court proposal was being made to Seoul.

South Korea had rejected proposals made by Japan in 1954 and 1962 to seek a ruling from the Hague-based ICJ, the main judicial body of the United Nations.

"Dokdo is Korea's territory historically, geographically and under international law a territorial dispute does not exist," South Korean foreign ministry spokesman Cho Tai-Younghe said before Kim made his comment.

Cho said Seoul would receive any diplomatic missive from Tokyo but would send a similar note back firmly stating its position.

In a bid to pressure South Korea, Tokyo has been considering a review of its currency swap agreement with South Korea.

Under the current deal, the two nations can exchange up to $70 billion worth of dollars, South Korean won and Japanese yen, in a scheme designed to prevent financial crisis.

The swap accord was originally designed for Japan to help South Korea withstand instability on the financial markets, according to Japanese media.

It was not clear, however, how important the mechanism currently is to South Korea, nor what impact any review would have.

Source: http://news.yahoo.com/japan-propose-court-ruling-korea-island-row-064830920.html

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Major iPhone security flaw uncovered by hacker

A major security flaw that has existed in Apple?s (AAPL) iPhone since the device was first released in 2007 has been revealed by a well-known hacker. The iOS security researcher, known publicly only as ?pod2g,? on Friday published details about the vulnerability, which affects all versions of iOS through to the latest beta release of iOS 6.

According to pod2g?s report, the reply-to number that is displayed when an iPhone user views an SMS can easily be manipulated to display a number other than the one sending the message. Using a simple procedure, this exploit can be used by malicious attackers to send messages that appear to be from a trusted source ? a bank, perhaps ? but any replies to the SMS would be routed to a separate phone number without the sender?s knowledge.

Pod2g notes that the iPhone is not the only handset vulnerable to the flaw.

?In the text payload, a section called UDH (User Data Header) is optional but defines lot of advanced features not all mobiles are compatible with,? he explained. ?One of these options enables the user to change the reply address of the text. If the destination mobile is compatible with it, and if the receiver tries to answer to the text, he will not respond to the original number, but to the specified one.?

The researcher?says this security flaw is severe and he urges users to be wary of any SMS messages asking for sensitive information.

Zach Epstein is the Executive Editor of BGR. He has 10 years of industry experience, first in marketing and business development with two private Telcos, then as a writer and editor covering business, technology and telecommunications.

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Can Facebook Learn From Microsoft, Kodak Mistakes?

When I see a company making bold decisions I find it useful to see what happened when other companies made similarly bold decisions in the past.

In Facebook (FB) I am seeing a lot of Microsoft?s tendency toward invasiveness and a lot Kodak?s oblivion.

I?ll start with the ?Microsoft problem.? Facebook has an astronomical number of users, just like Microsoft (MSFT) used to. Not too long ago, about 99% of microcomputer users relied on Windows. It was a giant, swaggering technology company with profits out the wazoo and a stock price to match.

It wasn?t just that a Federal Trade Commission resulted in an order to break up the company. It was the arrogance of the company. With little organized resistance, Microsoft seemed to use it?s marketshare to shove products down customers? throats they didn?t necessarily need or want.

This is what I?m seeing in Facebook. Heck, this is a company that changes its layout more than many people do their laundry. In the process, it appears to me that Facebook has come to view users as marks rather than customers, with privacy thrown to the wind.

Then there?s the ?Kodak problem.?? The world went digital, and Kodak, which made some rather feeble forays into digital, basically stuck to film with disastrous results. I?m seeing the same hubris over at Facebook. While the world goes mobile, Facebook seems stubbornly glued to the desktop.

Investors were clearly warned about this, but in the face of accelerating mobilization, certain parts of the risk factors in the company?s prospectus are worth looking at again. Specifically:

Growth in use of Facebook through our mobile products, where our ability to monetize is unproven, as a substitute for use on personal computers may negatively affect our revenue and financial results . . . We have historically not shown ads to users accessing Facebook through mobile apps or our mobile Web site.

In March 2012, we began to include sponsored stories in users? mobile news feeds. However, we do not currently directly generate any meaningful revenue from the use of Facebook mobile products, and our ability to do so successfully is unproven . . . If users increasingly access Facebook mobile products as a substitute for access through personal computers, and if we are unable to successfully implement monetization strategies for our mobile users, or if we incur excessive expenses in this effort, our financial performance and ability to grow revenue would be negatively affected.

These ?intangible qualities? aside, then there?s the question of valuation.? Facebook is trading at about 32x the average earnings per share estimate for 2013.? Apple (AAPL)?yes, the same Apple that is about to pay a cash dividend?on the other hand, is trading at 12x?the average earnings per share estimate for 2013.

Special Offer: Want a meatier dividend than Apple?s? Check out high-yielding dividend stocks in the new Forbes Dividend Stock Daily service.? It sends out one great dividend-stock idea every trading day.? Click here for details.

If you applied the Apple multiple to Facebook shares, you would get a price per share of about $7.70.? I?m not sure why the market tolerates these imbalances. Regardless, I know I don?t have to, which is why I won?t buy Facebook, even at these prices.

For GMG Defensive Beta Fund disclosures, click?here.

Source: http://www.forbes.com/sites/investor/2012/08/17/can-facebook-learn-from-microsoft-kodak-mistakes/

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Ag Secretary Vilsack on lowered US crop outlook (Providence Journal)

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Photos: Mars rover sends panoramic image ... and a self-portrait

See more Mars rover Curiosity photos on Flickr

This is a portion of the first color 360-degree panorama from NASA's Curiosity rover in Mars, released by NASA August 9, 2012, made up of thumbnails, which are small copies of higher-resolution images. The mission's destination, a mountain at the center of Gale Crater called Mount Sharp, can be seen in the distance, to the left, beginning to rise up. Blast marks from the rover's descent stage are in... more?

See more Mars rover Curiosity photos on Flickr

This is a portion of the first color 360-degree panorama from NASA's Curiosity rover in Mars, released by NASA August 9, 2012, made up of thumbnails, which are small copies of higher-resolution images. The mission's destination, a mountain at the center of Gale Crater called Mount Sharp, can be seen in the distance, to the left, beginning to rise up. Blast marks from the rover's descent stage are in the foreground. REUTERS/NASA/JPL-Caltech/MSSS/Handout less?

Source: http://news.yahoo.com/photos/nasa-s-newest-mars-rover-slideshow/

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How To Save Tax ? India | Finance Business Marketing

There are

different ways to save your tax and save a lot of money. Even there are different plans to save your tax in India. New salary is revealed in India in 2010, people get a higher salary or higher current salary beyond their own expectation and the current salary is dependable upon the cutting of all types of tax. new income tax will depend upon the schemes India finance ministry for government employees as well as for private employees in India. Indian government gives different types of tax discounts and there are different type of popular tax saving options for the people of India as seeking funds, saving bonds and life insurance, etc. There are number of banks in the list of most popular tax saving schemes in India . You can call any of the banks for information about the tax saving options. The tax saver will tell you about the plan and procedure about the tax saving according to your current salary or total CTC. It is better to pay the car loan EMI, home loan EMI and many more in advance because the bank wants to imply the new interest rate at higher level up to 0.50%. So do not take your EMI loan very easily.

A systematic investment plan will help powerful people in India. Reserve Bank of India has various tax saving tools. The bank wants to sign the bond for 3 and 5 years at the rate of interest is 7.5% per annum. There are two types of bonds under the Reserve Bank of India seeking bond as cumulative and non-cumulative bond. There are so many private sector banks in India for tax saving. The best way to get information about saving tax is get in touch with a tax consultant. He has complete information about the implied tax on your salary and how you can save it. It is suggested to give the exact information about the income you receive from all sources. Mutual funds, insurance policies and child health insurance plan can give you benefits and you want Numerous be able to save on tax. agent will come at your place and help you fill the Which documents you need to submit at the time of filing for year?s tax . This is because of the fact that the process may be confusing and tedious.

Getting help from a tax consultant, you will be able to save a lot of time and efforts. It is possible to save tax if you take right steps at the beginning of year. Proper planning and implementation is required that you can save Sun significant amount of money. One of the best options to get the information about tax saving schemes is to get online and browse various sites giving details about tax saving schemes. You do not have anywhere to do to get information as you can get it at the comfort of your home. You can also contact a tax consultant who can give you the best suggestions.

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