Public patience with no-jobs govt wearing thin - union

The government?s lack of any plan for jobs has been laid bare this morning, FIRST Union said today.

A Fairfax poll out this morning listed job creation and unemployment as the top issue facing the country.

Unemployment is at a record high of 7.3 per cent, or 175,000 people, and the public are tiring of the government?s weak response of leaving it to the market, FIRST Union General Secretary Robert Reid said.

"National?s approach of sitting back and hoping for the best and has failed New Zealand firms and workers," he said.

"Governments do have options."

"Better use of government procurement to support local jobs, temporary Job Support Schemes like those used at the peak of the recession brought back for sectors facing significant redundancies, and a more responsive approach to monetary policy to protect jobs in the export sector would all help."

"Making sure that its citizens have access to decent work and an income is a basic duty of any government."

"Instead, our government is asleep at the wheel on jobs," Robert Reid said.

Source: http://www.voxy.co.nz/politics/public-patience-no-jobs-govt-wearing-thin-union/5/142922

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Saudi Arabia says cyber attack aimed to disrupt oil, gas flow

1 hr.

Reuters

Saudi Arabia's national oil company, Aramco, said on Sunday a cyber attack against it in August which damaged some 30,000 computers was aimed at stopping oil and gas production at the biggest OPEC exporter.

The attack on Saudi Aramco???which supplies a tenth of the world's oil???failed to disrupt production, but was one of the most destructive cyber strikes conducted against a single business.

"The main target in this attack was to stop the flow of oil and gas to local and international markets and thank God they were not able to achieve their goals," said Abdullah al-Saadan, Aramco's vice president for corporate planning, on al-Ekhbariya television. It was the firm's first comments on the apparent aim of the attack.

Aramco and the Saudi Interior Ministry is conducting an investigation into the cyber strike. Interior Ministry spokesman Mansour al-Turki said the attackers were an organized group operating from different countries on four continents.

The attack used a computer virus known as Shamoon which infected workstations on Aug. 15 and the company shut down its main internal network for more than a week.

Turki said that the investigation had not shown any involvement of Aramco employees but he could not give more details as the investigation was not yet complete.

Saudi Arabia's economy is heavily dependent on oil. Export revenues from oil have accounted for 80-90 percent of total Saudi revenues and above 40 percent of the country's gross domestic product, according to U.S. data.

Shamoon spread through the company's network and wiped computers' hard drives clean. Saudi Aramco said damage was limited to office computers and did not affect systems software that might hurt technical operations.

Hackers from a group called "Cutting Sword of Justice" claimed responsibility for the attack, saying their motives were political and that the virus gave them access to documents from Aramco's computers, which they threatened to release. No documents have so far been published.

In a posting on an online bulletin board the day the files were wiped, the group blamed Saudi Arabia for "crimes and atrocities" in several countries, including Syria and Bahrain.

Saudi Arabia sent troops into Bahrain last year to back the Gulf state's rulers, fellow Sunni Muslims, against Shi'ite-led protesters. Riyadh is also sympathetic to mainly Sunni rebels in Syria while Iran backs the Syrian leader Bashar al-Assad, whose Alawite religion is an offshoot of Shi'ite Islam.

(c) Copyright Thomson Reuters 2012. Click For Restrictions - http://about.reuters.com/fulllegal.asp

Source: http://www.nbcnews.com/technology/technolog/saudi-arabia-says-cyber-attack-aimed-disrupt-oil-gas-flow-1C7511555

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Cheap gas guzzler vs. fuel-efficient car: Which is cheaper long-term?

Is it better to buy a cheap gas guzzler, or a more expensive car that sips gas? It depends on several factors.

By Stacy Johnson,?Contributor / December 9, 2012

In this file photo taken last month, a person takes pictures of chihuahua dogs in costume sitting on the hood of a classic American car at the Fall Canine Expo in Havana, Cuba. A classic car may increase in value as time goes on, but it won;t be as fuel efficient as newer models.

Ramon Espinosa/AP/File

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What?s more important ? a car that doesn?t depreciate, one that?s cheap, or one that gets great mileage? That?s what this reader wants to know; maybe you?ve wondered about it as well?

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Dear Mr. Johnson,
I have started reading your articles after discovering them while learning about classic cars. I really enjoy your writing as it is very informative. I am a young business owner learning about investing my money.

I have recently bought my first classic car, a 65 Mustang. I realized the many benefits of owning a classic car as opposed to a new car, but there is one thing I am having trouble with in my discussions with others: gas?mileage.

These days, everyone wants to know the gas mileage. I can say that my car?s value will remain high, maybe even increase. But some say I will be paying the difference in gas. Does the value purchase of a classic car cover the low gas mileage of a classic car??Will I be paying so much more for gas that the value argument is not worth it?

Thank you.
A.N.A.

While not many people are cruising for classics, I chose this question because it?s about comparing the price of something with the cost to maintain it. A.N.A. is asking whether a car that appreciates is worth it if it costs more to use. But another more common question: Is it better to buy a cheap gas guzzler, or a more expensive car that sips gas?

These are interesting questions, because people are often led to believe that the cost of gas is more important than it really is. Let?s do a little math?

Cheap gas guzzler or expensive high-mileage car?

There are two different reasons to use as little gas as possible. First, to be environmentally responsible. Second, to save money. Since this is a website devoted to money, that?s what I?ll discuss. But that doesn?t mean I don?t care about the environment. Oil is a non-renewable resource as well as a major pollutant and should be regarded as such, budget or no budget.

That being said, let?s look at the numbers. Say you?ve got two choices: a $5,000 car that gets an average of 20 miles per gallon, or a $20,000 car that gets 30. Which is better?

Uncle Sam can provide us with a quick answer. At?this page?of fueleconomy.gov, there?s a calculator that allows you to input the cost of gas, how long you intend to drive the car, average MPG, and how many miles you drive per year. Here?s the math for driving 12,000 miles per year for five years and paying $4/gallon?

$5,000 Car: $2,400 per year, $12,000 total fuel expense
$20,000 Car: $1,600 per year, $8,000 total fuel expense

So the $20,000 car costs $4,000 less to drive over five years. But since it cost $15,000 more, you?re $11,000 worse off.

Obviously this simplistic example ignores other important factors. The $20,000 car might look better, ride better, and be less prone to mechanical issues. On the other side of the coin, the cheaper car would likely depreciate less and cost less to insure. But based on mileage alone, it?s not worth paying an extra $15,000 to save $4,000.

In short, environmental issues aside, an obsession with gas mileage could be penny-wise and pound foolish ? something to keep in mind before using great gas mileage as an excuse to drop a bundle on a new car.

The math behind driving a classic

Now let?s get back to A.N.A.?His question: Does the value purchase of a classic car cover the low gas mileage of a classic car??

The answer will obviously depend on things like the number of miles A.N.A. drives and how bad the mileage is on his Mustang. But?it?s probably a smart move. Depreciation is the biggest expense of a car, and a classic may avoid it.?But there are other considerations when buying an older car?

• You should always buy a classic?for love, not money. Like many non-traditional investments, there?s no guarantee any car will appreciate. So if that?s the only reason you?re buying one, don?t.
• Most older cars aren?t nearly as comfortable as newer ones, and often need more work to keep them on the road.
• Depending on the car,?finding an experienced mechanic may prove challenging.

Bottom line? Driving a classic is fun, and it can turn a car from an expense into an appreciating asset. But there?s no free lunch. Buy the right car, and it could be one of the best moves you?ve ever made. Buy the wrong one, and you?ll be hating life. Take?your time, do?tons of research and hire the right help?to evaluate?potential purchases.

Stacy Johnson is ?the founder and CEO of?Money Talks News, a consumer/personal finance TV news feature that airs in about 80 cities as well as around the Web. This column first appeared in Money Talks News.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/Dbp0-e167Go/Cheap-gas-guzzler-vs.-fuel-efficient-car-Which-is-cheaper-long-term

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Crime writers plot novel ways to raise funds for forensic lab project ...

Given that crime writers have a morbid fascination with dead bodies, it should be no surprise that a group of them are helping to raise funds for a mortuary. It will be no ordinary repository of human remains, however.

A ?million for a morgue? campaign supported by the likes of Val McDermid, Ian Rankin and Stuart MacBride is aimed at creating state-of-the-art forensic research and teaching laboratories at the Centre for Anatomy and Human Identification (Cahid) at the University of Dundee.

The centre is already renowned for groundbreaking techniques in identifying victims of disasters and mass murders, and in prosecuting

Source: http://www.thetimes.co.uk/tto/news/uk/scotland/article3625298.ece

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