2011 Newsletters

Volume 4

• Number 1 (1/2/2011)
  • So far 2% of financial institutions receiving TARP funds failed
  • American companies are hiring overseas
  • China vice commerce minister calls for continued trade surpluses to gain market share  
• Number 2 (1/16/2011)
  • China rebuffs U.S. talks on nuclear weapons
  • Three financial institutions shuttered  
• Number 3 (1/30/2011)
  • GM sold more cars in China than in the U.S
  • Japan’s credit rating lowered
  • $45 Billion more going out of Social Security fund than taxes coming in
  • 11^th financial institution shuttered  
• Number 4 (2/13/2011)
  • Hackers broke into the company that runs the NASDAQ network
  • Apple stock fell $10 billion during 4 minutes
  • 18^th financial institution shuttered
  • China hackers compromise U.S. oil and gas
  • Pakistan has over 100 nuclear weapons  
• Number 5 (2/27/2011)
  • Somali pirates kill four American captives
  • Number of troubled bank increased to 884
  • Brent crude oil reached $119 per barrel
  • 23^rd bank closed  
• Number 6 (3/13/2011)
  • China holds $1.16 trillion worth of U.S. treasuries
  • Chinese hackers penetrated Morgan Stanly
  • Gold hits a new all time high
  • 25^th Bank Shuttered
  • Middle East turmoil continues  
• Number 7 (3/27/2011)
  • Security company SecureID suffers data breach
  • Oil reaches 2½ year high
  • Gold futures reaches new record high
  • Silver reaches 31-year high
  • Japan struggles to restart its industry  
• Number 8 (4/10/2011)
  • Oil reaches 2½ year high, passes $112 per barrel
  • Gold hit new all-time high
  • 28^th Bank Closed  
• Number 9 (4/24/2011)
  • U.S. Vogtle nuclear reactor unexpectedly shutdown
  • U.S. readies another job exporting one-sided trade agreement with South Korea
  • Standard and Poor’s downgrades U.S. economic outlook
  • Gold hit new all-time high
  • 34^th Bank Closed  
• Number 10 (5/8/2011)
  • IMF predicts China will overtake U.S. economy by 2016
  • Gold and oil reach new highs then fell
  • 40^th Bank Closed  
• Number 11 (5/22/2011)
  • Greece’s credit rating lowed three levels deeper into junk status by Fitch
  • Japan’s Fukushima nuclear reactor 1 was a complete meltdown
  • 43^rd Bank Closed  
• Number 12 (6/5/2011)
  • Duplicate Secure ID  tokens used in cyber-attack against Lockheed Martin and L-3
  • Six million pieces of new malware introduced during the first quarter
  • 45^th Bank Closed  
• Number 13 (6/19/2011)
  • China Won’t Help Investigate Counterfeit Parts In U.S. Weapons
  • April U.S. Trade Deficit With China Increased 20%
  • Citi Raises Hacked Count To 360,000
  • Radioactive Whales Off Japan
  • 47^th Bank Closed  
• Number 14 (7/3/2011)
  • China caught buying more U.S. debt than disclosed
  • First FFIEC Security Rule Update Since 2005
  • 48^th Bank Closed  
• Number 15 (7/19/2011)
  • Foreign hardware and software made with security back doors
  • 35% of Boeing 787 Dreamliner made in Japan
  • U.S. June trade deficit with China increased to $19.1 Billion
  • Morgan Stanley Smith Barney loses 34,000 client’s private information
  • 55^th Bank Closed
  • Gold hits new all-time high  
• Number 16 (7/31/2011)
  • 61^st Bank Closed
  • Gold hits new all-time high
  • More US medical equipment jobs go to China  
• Number 17 (8/14/2011)
  • S&P lowers US AAA credit rating
  • China demand US cut military to balance deficit
  • China sponsoring massive cyber-attack
  • Gold hit new record high above $1,800 per Troy ounce
  • 38,000 fewer Americans worked in July than did in June  
• Number 18 (8/28/2011)
  • FDIC faces $10 billion Deutsche Bank lawsuit
  • China state sponsored TV accidentally showed Chinese military cyber-attack against U.S. computers
  • Martin Luther King memorial was made in China
  • China expanding nuclear stockpile
• Number 19 (9/11/2011)
  • Vulnerable power grid leaves millions in the dark
  • FHFA sues 17 large banks for $196 Billion
  • China offered to sell Qaddafi official weapons in violation of UN agreement
  • Cybercrime losses estimated at $114 billion last year  
• Number 20 (9/25/2011)
  • 46 million Americans live in poverty
  • Cyber-theft loss estimated at $1 trillion
  • UBS investment bank losses $2 billion in unauthorized trades
  • Dodd-Frank Act hurting large bank ratings
  • Dutch security company DigiNotar bankrupt  
• Number 21 (10/9/2011)
  • Chinese Communist newspaper calls for war against Vietnam and Philippines
  • Algos drive up market 4% in under one hour
  • 76^th financial institution shuttered
• Number 22 (10/23/2011)
  • China pledges to keep the yuan value low to help  exporters
  • New record Chinese trade deficit of $29 billion for August
  • China’s GDP up 9.1% for the third quarter
  • 84^th bank shuttered  
• Number 23 (11/6/2011)
  • In 2007 & 2008 China uploaded commands to US satellites
  • XML encryption cracked
  • Duqu zero-day exploits Windows software
  • 87^th bank shuttered  
• Number 24 (11/20/2011)
  • US poverty hits new high of 49.1 million
  • Oil back over $100 per barrel
  • SCADA attack destroys utility pump
  • 90^th bank shuttered  
• Number 25 (12/4/2011)
  • Chicken jerky treats imported from China killing US dogs
  • Hackers supporting terrorist groups
  • Security spending estimate is $60 Billion  
• Number 26 (12/19/2011)
  • China likely has 3,000 nuclear weapons; U.S. limited by treaty to 1,550
  • China to increase tariffs on U.S. made cars
  • 92^th bank closed