Samstag, 18. Juni 2011

Fisher Capital Management Latest News: Hyundai, Kia under probe for forcing suppliers to cut prices


SEOUL, June 9 (Yonhap) — South Korea’s antitrust watchdog is probing top automaker Hyundai Motor Co. and its affiliates over suspicions that they forced subcontractors to cut supply prices by using their market-dominating power, officials said Thursday.
Kia Motors Corp., Hyundai Motor’s sister company and the nation’s second-largest automaker, and Hyundai Mobis Co., an affiliate of Hyundai Motor Group, are also under investigation, according to the officials at the Fair Trade Commission (FTC).
“FTC investigators visited the head offices of the companies in southern Seoul on Tuesday and secured related documents,” they said.
Hyundai Motor and Kia Motors usually have price-setting negotiations with around 2,000 subcontractors twice a year. They completed their latest negotiations last month, industry sources said.
Some industry watchers, however, called such talks a mere “formality,” arguing that the automaking giants use their market power to twist the arms of subcontractors to reduce prices for their parts supplies.
Hyundai and Kia dismissed the allegations, saying price cuts, if any, would be part of efforts to reduce their production costs and that any such price cuts would be carried out through negotiations with their partners.
In 2006, the FTC fined Hyundai Motor about 1.6 billion won (US$1.5 million) on similar charges. The automaker dismissed the charges, but a Seoul court upheld the FTC’s ruling last month.
Shares of Hyundai and Kia dived on the news of the FTC investigation. Hyundai and Kia fell 2.38 percent and 1.41 percent, respectively, on Seoul’s main bourse as of 9:50 a.m.

Fisher Capital Management Latest News: Economist Roubini’s Warning Shot on China: ‘Hard Landing’ Ahead


Advisor One | June 13, 2011 | By Marlene Y. Satter
Nouriel Roubini, the economist who forecast the global economic crisis, says that there is a “meaningful probability” that China will be in for a “hard landing” in 2013, and that in its current handling of its debt crisis, the euro zone is piling up problems that it will have to face in the future.
Roubini, Chairman of Roubini Global Economics, speaking at the Nomura Asia Equity Forum in Singapore, said, according to a Reuters report, thatalthough China managed to avoid trouble during the world credit crisis, its struggle to continue to increase fixed investments will put it into a downturn after 2013. Pointing out that the country’s investment was already 50% of GDP, he said that 60 years of data indicated that overinvestment resulted in hard landings. As examples, he mentioned the 1960s-1970s Soviet Union and pre-1997 East Asia.
In the report, he was quoted saying, “I was recently in Shanghai and I took their high-speed train toHangzhou.” This is a new Maglev train that has shaved the formerly four-hour trip between Shanghai and Hangzhou to less than one hour.
“The brand-new high-speed train is half-empty,” Roubini pointed out, “and the brand-new station is three-quarters empty. Parallel to that train line, there is also a new highway that looked three-quarters empty. Next to the train station is also the new local airport of Shanghai and you can fly to Hangzhou. There is no rationale for a country at that level of economic development to have not just duplication buttriplication of those infrastructure projects.”
Regarding the eurozone and its efforts to deal with its debt crisis, he said, “Kicking the can down the road, muddling through, extending and pretending that Greece will be better and you buy time … may make the collapse more disorderly over time.”
Roubini added that he felt defensive on equities, but did not see a bubble in Treasuries. “At current levels, U.S. Treasuries are fairly valued. I don’t think there is a bond bubble,” he said, but went on to say that U.S. 10-year bond yields at 3% or a bit less were consistent with the current low-growth, and low-inflation outlook.
“Every time there is a global bout of risk aversion, and every other week there is another tail risk or black swan event, people dump the euro, dump yen and go to the safety of the U.S. dollar and U.S. Treasuries,” he said.

Fisher Capital Management Scam Reviews : iTunes hack goes global, new affected games identified


By Ed Oswald | Published THUR June 09, 2011

iTunes Hacked
As coverage of the apparent hack of the iTunes Music Store expands, so have thereports from readers. The newest round of reports indicate that the issue is not limited to the US: Betanews has been able to identify victims in at least five foreign countries. Worse yet? It’s no longer just Sega’s Kingdom Conquestanymore: several other games have now been identified. Betanews first reported about the spreading hacks one week ago.
To date, reports have been received primarily from the US. However, since then reports have been received from Britain, Ireland, and Germany. Betanews has also been able to source reports through its investigation to New Zealand and Canada as well. Since the reports are not centered to one particular region per se, it’s likely this has become a worldwide problem for Apple.
Reader reports also have begun to become more diverse in the games they describe to be the source of their woes. In addition toKingdom Conquest, fraudulent transactions have been sourced to Storm8′s World War, and Kamagame’s Texas Poker. An investigation continues into whether or not other titles could be affected.
With Apple all but silent on the issue, it has been difficult to determine what may be the source of the problem. However, with the quantity of reports received now numbering over three dozen, a pattern has emerged: every game targeted is a free download, and the fraudulent charges are all due to in-app purchases.
For this reason, Betanews now has reason to believe that this particular hack affecting iTunes is likely sourced to an exploit existing in Apple’s in-app purchasing mechanism. It is the only similiarity between every report received.
While a majority of users reporting in as victims have had their iTunes credit balances drained, some also saw fraudulent charges to linked credit card and PayPal accounts. While an issue may exist there as well, it’s likely not the primary cause of the hack.
Repeated requests for comment from Apple have gone unanswered as of press time. Requests for comment from game developers affected were also not returned.
Betanews is still actively collecting reports. If you’ve been hacked, whether it’s Kingdom Conquest or not, we’d like to know. Send your reports to ed at edoswald dot com. We are also asking for your location (city and state is fine) for a future feature we’ll run showing visually where the location of victims of the iTunes hack are.

Fisher Capital Management Scam Reviews : Citigroup Data Breach: A Lesson and Warning For All


http://blogs.forbes.com/ilanagreene/2011/06/13/citigroup-data-breach-a-lesson-and-warning-for-all/
Jun. 13 2011 – 10:04 pm
Hacker insideImage via Wikipedia 
An Online Banker’s Worst Nightmare
As the world’s largest provider of  what is currently marketed as best credit cards, Citigroup has experienced a hack in its system resulting in breaches of personal information of their North American Citi-branded credit card customers. About 200,000 account holders have been affected by this breach, having their names, email addresses, and account numbers exposed to hackers.
Though Citigroup has released a statement saying that “the customer’s social security number, date of birth, card expiration date and card security code (CVV) were not compromised,” the stealing of personal information of hundreds of thousands of customers is enough to trigger paranoia among card users throughout the nation.
“While Citi customers aren’t likely to have fraudulent charges against their accounts as a result of this breach, they are likely to encounter social engineering attempts to enable further crime,” said Chester Wisniewski, senior security advisor at online security firm Sophos.
This is a realistic concern for many of the Citigroup customers because exposure of personal email addresses and account numbers can lead to efforts by hackers to engage in  major fraud. Wisniewski warned customers that having your name and “other sensitive information” in hand, the attackers can easily provide convincing information that might allow them to extract even more personal information from the victims.
Simple Things For  More Secure Online Banking

Before the attackers can do any further harm, Citigroup and its online security team have taken steps to strengthen its system to ward off any additional hacking attempts. But how should individuals try to protect themselves from hackers and fraud in the future? Account holders should create strong passwords that are unique and only used for their banking accounts. It is also a good idea to change the passwords once in awhile, provided the account holder is able to remember the new passwords. It is also important to closely monitor bank accounts when you apply for a credit card, to check for any suspicious activities, purchases, or withdrawals. Other recommendations include taking advantage of the security questions on the banking site and using the system’s anti-virus security software. If strange activity is detected or money is missing from your account, it is crucial to contact the bank or credit card company immediately.
Response From Regulators

The federal government is taking serious notice of the Citigroup incident and planning to take further measures. According to Out-law.com, U.S. banking regulators are considering implementing new policies that improve online banking security. The regulators are becoming concerned that “customer authentication methods implemented several years ago may no longer be effective … [and are] also … aware that some institutions have failed to perform periodic risk assessments and update their control mechanisms appropriately.” The Citigroup breach is clear evidence that new strategies need to be implemented quickly. Hopefully, the regulators will be able to take the lead in strengthening future banking security for the cyber community.

Fisher Capital Management Scam Reviews : Editorial: Greek Crisis Is A Warning To Europe, U.S.


Posted 06/16/2011 06:44 PM ET
Greek communists gather in Athens Thursday to rally against the government's austerity measures. Prime Minister George Papandreou vowed to stay on...Greek communists gather in Athens Thursday to rally against the government’s austerity measures. Prime Minister George Papandreou vowed to stay on… View Enlarged Image 
Financial Crisis: As heavily indebted Greece continues to implode, threatening to drag Europe down with it, Americans should remember one key fact: Repeated bailouts don’t work, only fiscal responsibility does.
Make no mistake: Greece’s wounds are self-inflicted. The socialist government of George Papandreou has been chronically unable to agree on badly needed cuts to push the country onto a sound fiscal path.
Now, Papandreou is fighting for his political life, trying to reshuffle his cabinet and win support for austerity reforms that will bring more European Union bailout money, even as he faces riots in the streets and demonstrations against his government’s austerity.
Problem is, Greece’s debt is unsustainable, yet the public — which voted an economically inept socialist government into office — seems to believe the welfare state gravy train never has to end. But it will. It must.
Greece owes close to $240 billion to European Union governments and banks that it can’t pay. Roughly half of that is owed to France and Germany, and right behind Greece are some much bigger debtors that really scare the Eurocrats. They include Ireland ($870 billion in debts), Italy ($1.4 trillion), Spain ($1.2 trillion) and Portugal ($290 billion).
This is why the EU has decided to throw good money after bad, doubling the size of its bailout fund from $1 trillion to more than $2 trillion. It fears political chaos, widespread bank failures and a collapse of the euro.
The bailout must be big enough, notes European Central Bank governor Nout Wellink, “to frighten the market and to convince the markets that governments are prepared to really defend, to the end of their days, Europe as it is and the monetary union.” That’s panic.
But what, really, are they defending? The Greek government’s right to spend far more than it takes in? Or the Greeks’ pathetic refusal to understand that other Europeans won’t pay for their welfare state?
As the Financial Times noted, “Even if Greece successfully raised ($45 billion) from privatizations, met all its tight budgetary goals and grew in line with the optimistic official forecasts, its government debt would still equal about 150% of gross domestic product in 2014.”
Seen in that light, the bailout really isn’t about Greece’s economy at all. It’s about saving the EU from financial contagion and political chaos. Unfortunately,bailouts merely replace old debt with new. Studies show that cutting spending, not raising taxes, is the way to fix a nation’s finances and get its economy growing.
Time’s running out. At a minimum, the recent crisis means the EU’s cradle-to-grave welfare state is dead.
In its place, Europeans need to restore a sense of self-responsibility, hard work and market discipline, and pare back their demands from government.
As for the U.S., we can neither ignore this crisis nor gloat about it. If we don’t do the same, we’ll be next.

Fisher Capital Management Scam Reviews : iTunes hack goes global, new affected games identified



Fisher Capital Management Scam Reviews : iTunes hack goes global, new affected games identified

http://www.betanews.com/article/iTunes-hack-goes-global-new-affected-games-identified/1307564070

By Ed Oswald | Published THUR June 09, 2011

iTunes Hacked
As coverage of the apparent hack of the iTunes Music Store expands, so have thereports from readers. The newest round of reports indicate that the issue is not limited to the US: Betanews has been able to identify victims in at least five foreign countries. Worse yet? It’s no longer just Sega’s Kingdom Conquestanymore: several other games have now been identified. Betanews first reported about the spreading hacks one week ago.
To date, reports have been received primarily from the US. However, since then reports have been received from Britain, Ireland, and Germany. Betanews has also been able to source reports through its investigation to New Zealand and Canada as well. Since the reports are not centered to one particular region per se, it’s likely this has become a worldwide problem for Apple.
Reader reports also have begun to become more diverse in the games they describe to be the source of their woes. In addition toKingdom Conquest, fraudulent transactions have been sourced to Storm8′s World War, and Kamagame’s Texas Poker. An investigation continues into whether or not other titles could be affected.
With Apple all but silent on the issue, it has been difficult to determine what may be the source of the problem. However, with the quantity of reports received now numbering over three dozen, a pattern has emerged: every game targeted is a free download, and the fraudulent charges are all due to in-app purchases.
For this reason, Betanews now has reason to believe that this particular hack affecting iTunes is likely sourced to an exploit existing in Apple’s in-app purchasing mechanism. It is the only similiarity between every report received.
While a majority of users reporting in as victims have had their iTunes credit balances drained, some also saw fraudulent charges to linked credit card and PayPal accounts. While an issue may exist there as well, it’s likely not the primary cause of the hack.
Repeated requests for comment from Apple have gone unanswered as of press time. Requests for comment from game developers affected were also not returned.
Betanews is still actively collecting reports. If you’ve been hacked, whether it’s Kingdom Conquest or not, we’d like to know. Send your reports to ed at edoswald dot com. We are also asking for your location (city and state is fine) for a future feature we’ll run showing visually where the location of victims of the iTunes hack are.

Donnerstag, 28. April 2011

Fisher Capital Management latest News: All They’re Cracked Up to Be

http://online.wsj.com/article/SB10001424052748704503104576251121705787208.html?mod=googlenews_wsj

By CHARLOTTE DRUCKMAN

eggs
Tara Donne for The Wall Street Journal, Food Styling by Martha Bernabe
eggs
It’s easy to take eggs for granted. They’re always on the supermarket shelf when we need them, ready to do their part when a morning pancake craving or hangover-sandwich hankering hits. Thing is, just like allergies, asparagus and Paschal lambs, eggs have a season—and it starts in now. Birds are biologically wired to commence laying at the onset of spring and continue on until the dark days of winter, which means we’ve got nine months of intensely hued, rich-flavored yolks ahead of us.
According to Paul Dench-Layton, co-owner of Violet Hill Farm in Catskill National Park, N.Y., light and temperature trigger egg production from the feathered set. This ultra-satisfying protein stretches well beyond breakfast and, as any good cook knows, there are few flavors that don’t shine when paired with it.
Herewith, five of the country’s greatest culinary talents share their favorite justifications for getting egg on your face.
Slow-Cooked Eggs With Garden Herbs and Crème Fraîche

eggs3
Photographs by Tara Donne for The Wall Street Journal, Food Styling by Martha BernabeSlow-Cooked Eggs with Garden Herbs and Creme Frache
eggs3
At Shinn Farmhouse on Long Island’s North Fork, David Page cooks up a memorable breakfast daily; these creamy scrambled eggs are the highlight. Serves 4
12 large fresh eggs, beaten
4 tablespoons crème fraîche
2 tablespoons softened sweet butter
3 tablespoons chopped herbs such as chives, tarragon, basil and parsley
What to do:
1. Crack eggs into a mixing bowl and season with salt and pepper.
2. Whisk eggs and add crème fraîche.
3. Place the eggs over a double boiler of simmering water.
4. Whisk eggs vigorously, keeping them creamy. When they begin to set, remove them from the heat and add the butter and herbs. They should have the texture of cottage cheese.
5. Serve with buttered toast or a biscuit.
Variations: Fresh goat cheese can be added instead of crème fraîche; Also consider stirring pesto or roasted garlic in at the end.

eggs4
Photographs by Tara Donne for The Wall Street Journal, Food Styling by Martha BernabeSunshine Baked Eggs
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Sunshine Baked Eggs
As Jenn Louis of Portland, Ore., opens her second eatery, Sunshine Tavern, she introduces an easy, eggy meal with a pungent tomato presence and a porky garnish. Serves 6
½ small onion, finely diced
1 two-inch sprig of rosemary
1 sage leaf
2 bay leaves
2 garlic cloves, minced
1 pinch red chili flakes
1 quart whole peeled tomatoes, crushed by hand to leave chunky
1 tablespoon chopped Italian parsley
12 black oil-cured olives, pitted and cut into halves
12 large eggs
6 quarter-inch slices pancetta, seared in a pan
6 small gratin dishes
What to do:
1. Preheat oven to 375 degrees. Over medium heat, saute onion, rosemary, sage, bay leaves and garlic until onion is translucent and garlic is cooked through, but not brown. Add chili flakes and tomatoes and cook until sauce has reduced to medium thickness. Sauce should not be pasty, dry or watery. Season with parsley and add salt and black pepper to taste.
2. Place ¼ cup of tomatoes in bottom of each gratin dish and sprinkle 4 black olive halves over each. Crack 2 eggs per dish on top of tomatoes. Season with salt and black pepper. Bake for about 6 minutes in oven, covered with aluminum foil, or until egg whites are barely cooked through.
3. Remove from oven, top with warm pancetta and serve.
Variation: If you’d rather skip the pork, or want to try a Provençal spin, switch out the pancetta and put two anchovy slivers on top of each portion.
Korean Rice Salad With a Fried Egg
[eggs5]Photographs by Tara Donne for The Wall Street Journal, Food Styling by Martha BernabeKorean Rice Salad with a Fried Egg
A staple on the menu at Susan Feniger’s Street in Los Angeles, this dish features a fried egg atop a Korean rice salad that’s full of surprising nutty flavors and crunchy textures. Serves 4
2 cups shiitake mushrooms
1½ tablespoons olive oil
2 cups shredded lettuce
1 cup firm tofu, diced
1 cup pickled daikon, julienned (available at edenfoods.com)
1 cup carrot, julienned
1 cup soybean or mung bean sprouts
1 cup dried nori seaweed, cut into ¼-inch-wide strips, soaked and rinsed
8 tablespoons sunflower seeds
2 cups brown rice, steamed
¾ cup (12 tablespoons) sesame dressing (see recipe below)
4 eggs
What to do:
1. Preheat oven to 400 degrees.
2. Sprinkle mushrooms with olive oil, salt and pepper and roast for 10 minutes. When they’re cool, chop them very thin.
3. Place a small pile of shredded lettuce in the bottom of each person’s bowl.
4. Make sesame dressing (recipe below).
5. In a large bowl, toss the mushrooms, tofu, daikon, carrot, sprouts, seaweed, sunflower seeds and rice in the dressing.
6. Heat a frying pan and fry the eggs.
7. Place the dressed rice mixture on the shredded lettuce in each bowl. As soon as the eggs are ready, remove them from the pan and put one atop each individual salad.
Sesame Dressing
1/3 cup lemon juice
1 ounce (approx. 2½ tablespoons) minced ginger
1/8 cup fish sauce
¼ cup rice-wine vinegar
½ cup light-sodium soy sauce
2 tablespoons spicy sesame oil
1 cup regular sesame oil
4 tablespoons Absinthe (or substitute Pernod)
Mix all ingredients.

eggs6
Photographs by Tara Donne for The Wall Street Journal, Food Styling by Martha BernabeRed Wine Poached Eggs
eggs6
Red-Wine Poached Eggs
At The Publican in Chicago, chef Brian Huston poaches eggs not in the usual solution of water and vinegar, but in red wine. A drizzling of Hollandaise sauce goes on top for the win. Serves 4
4 eggs poached in red wine for 3 to 4 minutes, or until the yolk sets
4 large handfuls of fresh bitter greens (arugula, dandelion greens, mizuna or chickory)
8 slices of prosciutto
Hollandaise (recipe below)
Hollandaise Sauce
1 stick unsalted butter
2 tablespoons cider vinegar
2 tablespoons white-wine vinegar
1 shallot, diced
1 sprig tarragon
3 eggs
What to do:
To make Hollandaise sauce, melt butter, cool and set aside. In a small sauce pan, simmer vinegars, shallot and tarragon until liquid is reduced by half. Strain liquid and reserve. Crack eggs into blender, add strained vinegar and mix. Slowly pour in melted butter while whirring. Season with salt and pepper.
To serve: Pile a generous handful of bitter greens on the plate, and rest a poached egg atop the leafy pile. Lay two slices of prosciutto over the egg and spoon generous amount of Hollandaise over the whole.
Early-Spring Vegetable Charlotte with Coddled Egg and Camembert
[eggs5]Early-Spring Vegetable Charlotte with Coddled Egg and Camembert
Pete List, the chef at Denver, Colo.’s Beatrice and Woodlsey, coddles both eggs and lucky diners with this savory, cheese-filled take on a bread-based French dessert. Serves 4
2 medium roasted red peppers (see directions below, or buy the prepared version)
5/6 cups extra virgin olive oil
½ lb. red or Swiss chard, washed and stemmed
2 fresh zucchini
2 young onions with scallion-like tops in tact (or substitute 2 small, sweet onions like Mauis or Vidalias)
4 ripe heirloom tomatoes
1/4 cup crushed garlic (approximately 6-8 cloves)
1/3 cup extra virgin olive oil
¼ teaspoon salt
¼ teaspoon pepper
1 tablespoon sherry vinegar
1 loaf artisan bread sliced thinly (focaccia or ciabatta are preferable)
¼ cup olive oil
4 ounces (¼ lb.) Camembert cheese (or substitute any bloomy rind cheese, such as brie), cut into four slices
12 thin slices of Parma ham (approximately ¼ lb.)
4 large farm fresh chicken eggs
4 fresh basil leaves
What to do:
Make the vegetable filling:
1. Preheat oven to broil.
2. Toss peppers in ¼ cup of olive oil. Place on a cookie sheet and put under the broiler until the skin is blackened and blistering. Place peppers in a bowl, cover with plastic wrap and let steam to loosen the skin. After 10 minutes, uncover bowl and let peppers cool. Peel skin off the peppers and remove the seeds and stem. Slice peppers into 1-inch-wide strips.
3. Place roasted peppers in mixing bowl.
4. Prepare chard: Bring a pot of salted water to a boil while you wash the vegetable’s leaves in cold water to get rid of any sand or grit. Remove stems. Submerge chard in the boiling water for one minute until leaves wilt. Transfer to a bowl of ice water. Once they’re cold, remove and pat dry with a paper towel. Tear the leaves into smaller pieces and add them to the mixing bowl with the roasted peppers.
5. Preheat oven to 400 degrees.
6. Slice zucchini into rounds about ¼-inch thick and place in the mixing bowl with the other vegetables. Do the same for the onions and tomatoes.
7. Crush each garlic clove with the flat edge of your knife and add to the bowl.
8. Add 1/3 cup olive oil, salt and pepper to vegetables. Toss until coated evenly. Place vegetables on a baking sheet or medium-sized roasting pan. Stirring every few minutes to ensure even cooking, roast for 35-40 minutes, or until lightly brown. Remove vegetables from the oven and let cool to room temperature. Place cooled vegetables on a cutting board and rough chop to ¼-inch (or smaller) pieces. Return to mixing bowl and add sherry vinegar. Finally, add salt or pepper as needed and set aside.
To build the charlottes:
9. Preheat oven to 350 degrees.
10. Slice bread about 1/8-inch-thick. For best results use one long slice that will fit all the way around the inner wall of the ramekin; for the bottom, if you can’t cut one circular round, two semi-circular pieces are fine—they should overlap a little. The entire interior of the ramekin should now be covered. Measure the depth and width of the ramekins and trim the bread to fit. Finally, cut one circular piece to fit over the top of the ramekin.
11. Brush the bread with enough olive oil to soften and make pliable (1/4 cup of olive oil should be plenty). Line the inside of the ramekins with the trimmed, moistened pieces of bread; do the sides first, then the bottoms.
12. Fill each ramekin halfway with roasted vegetable mix, add a slice of cheese to each, then fill with the rest of the vegetables. Line the top with circular piece of bread, cover each ramekin with foil and bake for 20 minutes, or until the bread is toasted and the vegetables are hot.
13. When the ramekins go in the oven, coddle the eggs thusly: Place the eggs in makeshift stands fashioned from their respective carton slots in the bottom of a pan or pot that is deep enough to hold water to cover the eggs by 1 inch or so. In a separate pot, boil enough water to cover the eggs and. Once it’s boiling, gently pour it over eggs. Let eggs sit in the water for 22 minutes for large eggs; extra large may take a couple minutes longer. Remove eggs from the water and let rest for 2-3 minutes to cool slightly.
14. Remove ramekins from the oven and let rest a few minutes.
15. To serve, remove each charlotte from the ramekin by turning it upside down onto serving plate (loosen the edges around the side of the container with a knife if necessary). On top of each charlotte, arrange two slices of Parma ham, gently crack the tops of the eggs with a spoon, pull the shell off the top to make a large hole and pour one gently on top of the ham. Wrap the ham around the egg, drizzle whole with olive oil and garnish with a fresh basil leaf.

Fisher Capital Management Latest News: Zener Heim: Dreams of an Energy Zero House Come True

Wednesday, April 13th, 2011
A real life example, the “Zener Heim,” meaning “zero energy” in German, has been built in the city of Hwaseong, Gyeonggi Province.
Zener HeimZener Heim exterior
Located among the townhouses and apartments of Bansong-dong, Zener Heim uses solar, wind and geothermal energy, and minimizes energy waste, allowing visitors a first-hand look at an energy-efficient home.
The two-storey house, which opened in August 2010, has three bedrooms, two bathrooms, living room, kitchen and roof garden. Also, unlike most other energy efficient houses in Korea which were built primarily as show homes, Zener Heim was designed for real-life use, and includes 70 environment-friendly technologies developed by Daewoo Engineering and Construction.
“Many people who visit here actually like this house very much and say it is more comfortable than they expected,” said Lee Ji-yun of Zener Heim Housing Management. Those who are interested in visiting the house can apply through its homepage (Zener Heim) (Korean only).
Many aspects of the home have been designed to both save energy and provide an extra layer of convenience. For example, the taps in the kitchen use solar power to pump water, and are activated by touching a switch at the bottom of the sink.
The veranda on the second floor serves as a roof garden and offers a nice view. The added insulation from the garden helps raise the indoor temperature up to two degrees in winter. Special construction methods kept the weight of the roof garden and the rest of the house down, making the whole home lightweight.
Despite the strong winter chill earlier this year, Zener Heim used little energy for heating, according to Lee, who used statistical data as proof. The house uses both “passive” and “active” technologies to reduce energy consumption and produce renewable energy.
Passive technologies prevent the house from wasting energy. Daewoo Construction used low-emission glass for all the windows in the house, which also provides high levels of insulation and privacy thanks to a special film. To prevent energy waste, aerogel was used to cover the outer wall of the house. The ventilation system also helps people use less energy for heating and cooling by allowing ventilation only when and where it is needed.
Active technologies, including solar, geothermal and wind power energy production, were also used in Zener Heim. Hybrid lights in the garden shine at night from solar and wind power collected during the day. Solar panels installed on the roof provide electricity and hot water. “The temperature of the hot water is around 43 degrees and the boiler is operated only when needed,” said Lee. Geothermal energy also helps maintain the temperature inside the house year-round through 100 meters of heating pipes in the floors.
Zener Heim produces 624 kilowatts of energy per hour and saves 230 kilowatts a month. Compared with a normal house, which uses 700 kilowatts per hour, it saves more than 150 kilowatts of energy every month.
Daewoo plans to apply many of the technologies it used in building Zener Heim to its apartment complexes in the next few years. The dream of zero energy houses may well come true for Koreans in the coming years, bringing about a greener and more sustainable housing market.

Fisher Capital Management Latest News: SFO looks into scam that fooled North Korea

 Sven-Goran Eriksson
Former England manager, Sven Göran-Eriksson, who joined Notts County as director of football, was a victim of the elaborate scam. Photograph Darren Staples/Reuters
The Serious Fraud Office is looking into an elaborate scam that took in the former England football manager Sven Göran-Eriksson, former spymaster Sir John Walker and the North Korean government.
Investigators are also looking at how the same fraudster took control of almost half of a London investment bank without paying for the shares.
First London plc – the investment bank whose shares were listed on the Plus stock exchange and whose advisers included Tim Yeo MP and Air Marshal Sir John Walker, a former head of defence intelligence – subsequently went into administration with debts of £8.7m.
BBC Panorama has discovered that Russell King, a convicted fraudster, took control of 49% of First London by claiming he was managing billions of dollars for the Bahraini royal family. The case has been referred to the SFO – which only looks at the country’s highest value frauds – by the Financial Services Authority.
An FSA spokesman said: “In this case the acquisition of control occurred without the FSA having been given the prior notice which the law requires it to be given. Had it been given proper notice it would have been in a position to consider whether it should use its powers to object to and prohibit the change of control. The FSA subsequently identified a number of concerns and pursued a series of leads into what was an extremely complex corporate structure. It would be inappropriate for us to comment further at this time due to confidentiality issues.”
The Panorama programme will show how King then used the name of the bank and its high-profile advisers to give credibility to deals.
They included an attempt to obtain funding for a new company that claimed to have assets worth $2tn and the short-lived takeover of the Football League’s oldest club. In 2009, King was behind a controversial takeover of Notts County which promised to bring millions of pounds of investment from the Middle East. The investment, which appeared to have been guaranteed by First London, never materialised and the club was left £7m in the red – but not before Eriksson agreed to join County as director of football. Nottingham police are investigating.
The coach’s contract included a clause entitling him to €11m of shares in a little-known company called Swiss Commodity Holding, which had been set up a few months earlier and was claiming to have assets worth $2tn from the exclusive rights to North Korea’s gold, coal and iron ore.
King persuaded the former England manager to visit the rogue state as part of an SCH delegation and Eriksson was present at a meeting with the North Korean leadership. “I was in the palace and they were handing over to the North Korean government so-called shares,” he tells the programme. “I asked them how much and what they told me was not millions, it was billions of dollars. They used my name. Of course they did. At the end it became a big, big mistake.”
Panorama’s investigation shows that King was secretly running SCH, which was considering a public listing.
Documents detailing SCH’s claims were prepared by First London plc. The investment bank also sent Walker, who sat on the bank’s advisory board, to check out King and his associates. The air marshal tells the programme: “What do I think of Russell King? Not a lot. He was good at chat, but that was his business. He was a con man. I was taken the same way Sven was taken. They just wanted names.”
King had gained control over First London plc shares after convincing the bank that he was managing billions of dollars of Bahraini cash by introducing some of its executives to senior members of the royal family. But Fawaz Al Khalifa, president of the Bahraini Information Affairs Authority, says King was lying about his royal connections: “He might have met members of the family here or there, but we have no financial connection to him or his company.”
King, who was jailed for insurance fraud in 1991, denies running Notts County, SCH or First London plc.
However, the programme has obtained dozens of emails and testimonies showing he was secretly pulling the strings, including some where he refers to himself as Lord Voldemort, the character from the Harry Potter books who can never be named.
First London plc’s parent company, First London Group plc, is still in business. In a statement, its lawyers said the failure to notify the FSA about the change in ownership was a mistake: “This was simply an error and not done for any ulterior or questionable motive. As far as our client is aware the FSA were satisfied that the information provided was in compliance with all legal and regulatory requirements. Our client is unaware of any investigation by the FSA or SFO into its activities so far as they relate to or involve Russell King.”