Archive for January, 2010

China cuts 2008 bank lending growth target: report

Thursday, January 7th, 2010

China’s central bank has set a lower target for loan growth rate of 12 percent for 2008 in efforts to curb lending growth and cool the economy, state media reported Thursday.

Lending growth would be strictly controlled and branches required to report new loans monthly, the Shanghai Securities News reported, citing a source with a major state-owned bank.

The lending growth target for this year was 15 percent.

But that has already been overshot with new yuan loans totalling 3.58 trillion yuan from January to November, up nearly 21 percent from the same period a year earlier.

China is attempting to curb lending growth and investment spending as part of broader efforts to cool an economy that is likely to expand by about 11.5 percent in 2007, marking the fifth consecutive year of double-digit growth.

The newspaper said 2008 new loan quotas for Bank of China would be cut to 260 billion yuan from the 280 billion it notched-up in 2007.

It said ICBC, China Construction Bank and the Agricultural Bank of China were told to keep new loans in 2008 within targets set for 2007, which were 365 billion yuan, 350 billion and 310 billion respectively.

Int’l custody battle over little Sean rages on

Tuesday, January 5th, 2010

To stay with his maternal grandmother or his biological father may involve a lot of soul-searching for 9-year-old Sean Goldman.

So the custody battle over the American-born Brazilian boy continues, and once again made headlines on Thursday when Brazil’s Supreme Federal Court delayed Sean’s return to his U.S. father the day David Goldman flew in from New Jersey in the hope of taking the boy home for Christmas.

The lawsuit, which has been already dragging on for five years, witnessed an overnight twist as the Supreme Court suspended the previous day’s appellate court decision ordering the child be handed over to David.

Marco Aurelio Mello, a justice on the Supreme Federal Court decision panel, cited habeas corpus as the consideration behind the court’s suspension.

“The habeas corpus review which seeks to ensure the child’s own right has not happened,” the judge argued. “He is, initially, old enough to decide if he returns to the United States, or if he stays in Brazil.”

The judge also cited the United Nations Convention on the Rights of Child.

Sean’s grandmother, Silvana Bianchi, elated with the Supreme Court ruling, told the press: “His testimony has never been heard. As a Brazilian citizen, he deserves it. He is a child of nearly 10,and he knows quite well what he wants.”

The lawyer for the Brazilian family has shown the press a card allegedly drawn by Sean. It reads in large green letters: “I want to stay in Brazil forever.”

The lawyer of Sean’s father has confirmed that the Supreme Court ruling meant that Goldman would not be able to pick up his son at the American Consulate in Rio de Janeiro on Friday.

“The Court of Appeals, the three judges, recognized the urgency of my son to come home. This stay is ridiculous,” Goldman fumed.

Sean will most likely remain in Brazil until at least Feb. 1 of next year, when local judges end their year-end recess which starts on Monday next week.

Mello explained to the press that the Supreme Court would question the necessity of Sean’s being heard directly by a judge to make sure what his will is.

The legal battle started not long after Goldman’s Brazilian wife took Sean back to Brazil in 2004 for a vacation.

But the woman later changed her mind, stayed, and eventually obtained a Brazilian divorce and then remarried.

Goldman and his son were reunited for the first time in February this year, the only time since Sean was taken to Brazil.

Goldman started the lawsuit citing the Hague Convention on the Civil Aspects of International Child Abduction, which has been adopted by the United States.

The convention seeks the return of children wrongfully removed or retained in any contracting state and ensures that the rights of custody in the contracting state be respected.

U.S. Congressman Rep. Chris Smith on Thursday traveled to Brazil to lobby the case and said: “We have a reciprocity agreement when it comes to abducted children. We all have an international obligation to work to get children back to their habitual residence.”

During the lawsuit, U.S. President Barack Obama and U.S. Secretary of State Hillary Rodham Clinton both urged the return of Sean to the United States.

Sergio Tostes, attorney for Sean’s stepfather, said that the lawsuit should never have attained such high political levels.

“This is not a fight between two countries. This is just the pursuit of the truth and the pursuit of what is the best interest of the boy.”

BRASILIA, Dec. 17 (Xinhua) — The Brazilian Supreme Federal Court Thursday suspended the return of 9-year-old Sean Goldman to the United States, where his father lives.

Marco Aurelio de Mello, a judge of the supreme court, shelved the Wednesday decision of the Federal Regional Court of Rio de Janeiro to send Goldman, saying the will of the child himself must be heard and made known.

Want privacy on Facebook? Here is how to get some

Tuesday, January 5th, 2010

Over the past week, Facebook has been nudging its users — first gently, then firmly — to review and update their privacy settings.

You may have procrastinated by hitting “skip for now,” but Facebook eventually took away that button and forced you to update your settings before continuing to use the site.

After finally accepting Facebook’s recommendations or tweaking the privacy settings yourself, though, you might have made more information about you public than what you had intended.

At the same time, Facebook has given users many granular controls over their privacy, more than what’s available on other major social networks.

So if you want to stay out of people’s view, but still want to be on Facebook, here are some things to look out for as you take another look at your settings.

1. Some of your information is viewable by everyone.

Everyone can see your name, your profile photo and the names of work and school networks you’re part of. Ditto for pages you are a fan of. If you are worried about a potential employer finding out about a quirky fetish or unorthodox political leaning, avoid becoming a Facebook fan of such groups. You can’t tell Facebook you don’t want those publicly listed. Your gender and current city are also available, if you choose to specify them. You can uncheck “Show my sex in my profile” when you edit your profile if you don’t want it listed, and you can leave “Current City” blank.

2. Your list of friends may also be public.

Facebook also considers your friends list publicly available information. Privacy advocates worry that much can be gleaned from a person’s list of friends — even sexual orientation, according to one MIT study. But there is a way to hide the list. Go to your profile page and click on the little blue pencil icon on the top right of your box of friends. Uncheck “Show Friend List to everyone.” Either way, those you are already friends with can always see your full list.

3. You can hide yourself from Web searches.

There is a section for “Search” under Facebook’s privacy settings page, which is accessible from the top right corner of the Web site under “Settings.” If you click the “Allow” box next to “Public Search Results,” the information that Facebook deems publicly available (such as photo, fan pages and list of friends), along with anything else you have made available to everyone, will show up when someone looks up your name on a search engine such as Google. The stuff you’ve limited access to in your profile will not show up.

This is useful if you want people you’ve lost touch with, or potential work contacts, to be able to find your Facebook page. If you’d rather not be found, uncheck this box.

A second setting, controlling searches within Facebook, lets you refine who can find you once that person has logged on. Limit searches to friends only if you think you have all the friends you need and don’t want anyone to find you when they type in your name to Facebook.

4. Beware of third-party applications.

Quizzes and games are fun, but each time you take one, you first authorize it to access your profile information, even if you have made that available only to your friends. You’re also letting the app access some information on your friends.

Under “Application Settings,” Facebook lists all the apps you have opened your profile up to. If you no longer want to authorize access to “Which Golden Girl Are You?” you can always remove it by clicking on the “X” next to its name. Apps you use regularly, such as Facebook for Android if you update your status from your mobile phone, should stay.

Next, by clicking on “Applications and Websites” on the privacy settings page, you can edit whether your friends can share your birthday, photos and other specific information. Remember that applications can access your “publicly available information” no matter what.

The security firm Sophos recommends users set their privacy settings for two of Facebook’s own popular applications, notes and photos, to friends only.

5. Go over your list of friends.

The average Facebook user has 130 friends. But many people interact with a much smaller group when commenting on status updates, photos and links. So it doesn’t hurt to occasionally review your list of your friends to get an idea of just who can view your status posts, vacation photos and funny links you’ve shared over the years. Don’t feel obligated to add anyone as a friend, even if that person adds you first. For professional acquaintance you don’t want to snub, send them to a LinkedIn profile you can set up. Some workplaces and schools have rules about Facebook interactions between bosses and employees or students and teachers.

6. Create custom friends groups.

If you have friended a lot of people, sort them. Think of the groups you interact with in real life — co-workers, college buddies, girlfriends, grandma and grandpa — and organize your Facebook friends in these groups, too. Go to “All Friends” under the “Friends” button up top, click on “Create New List” and fire away. Then decide what aspects of your profile, and which status posts and photos, these people will have access to. Or, simply create a “limited” list for acquaintances or distant relatives and limit their access.

7. Customize your status posts.

Type “I’m hungry” into your status update box. Click on the little lock icon. You’ll see a range of privacy controls pop up, letting you either allow or limit access to the post. If you want, you can even hide it from everyone by clicking “Only Me” under the custom settings. Click on “Save Setting.” Repeat with each post, or create a default setting for most updates and increase or decrease privacy as you see fit.

8. Let your friends know you have boundaries — in person.

Many of us have woken up on a Sunday morning to find that an overzealous friend has posted dozens of photos from that wild party we barely remembered — the good, the bad and the hideous. Chances are, they didn’t do this to embarrass you, though if they did you have bigger problems. Rather, they probably don’t know that you don’t want these photos posted. Sure, tweak your photo privacy settings on Facebook. But if someone starts snapping pictures of you at a party, ask them to check with you before posting it anywhere.

9. Never assume complete privacy.

Even for the most tech-savvy person, unflattering photos, incriminating text messages or angry status posts about work have a way of worming their way out in the open. Just saying.