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Claudia Natoli thought she was on to a good thing - so good that when she inquired about a luxury four-bedroom rental villa in Bali, she emailed the owner and asked: ''What's the catch?'' He had offered an attractive discount on the original price and was so obliging, he even helped organise a fully catered pre-wedding party - including drinks, food and waiters - that she planned to host at the property. The deal was too good to be true. Hackers had intercepted her initial email, posed as the accommodation owner and lured her into making a bogus booking. Natoli is among scores of tourists who have been snared in a worldwide travel scam that targets property owners who advertise their rentals on websites including HomeAway, VRBO and FlipKey, which is mostly owned by TripAdvisor. In nearly every case, the victim arrives in paradise only to discover the communication had been faked, the genuine owner has never heard of them and the accommodation is booked out - leaving them broke and stranded. Last week, NSW Fair Trading confirmed it had received complaints about the scam and encouraged others to come forward and lodge a formal complaint. Consumer Affairs Victoria warned that booking overseas private accommodation online was ''much riskier'' than dealing directly with a hotel or travel agent. Reports first surfaced about the multimillion-dollar global swindle in September 2010. Since then, the internet has been awash with blogs and forums about the problem. In the past 12 months, travellers appear to have been increasingly targeted, with luxury Balinese properties used as bait. Travellers' contact details and inquiries are initially netted either by ''phishing'' or acquiring information about a property owner's genuine email account through false advertisements on reputable websites. Souce: http://www.stuff.co.nz/travel/travel-troubles/8555018/Travellers-stranded-by-phishing-scam Discusses: http://www.zotero.org/message/viewdiscussion/182805

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Last Friday, the Dow Jones Industrial Average - the benchmark stock index of America's blue chip companies - closed above 14,000 for the first time since the financial meltdown sent the U.S. economy into the worst crisis in decades. The continued resurgence of the U.S. auto industry and growing optimism about the overall economy helped propel the Dow above the psychologically important 14,000 point level. The surging Dow is an indication of the increasing financial health of the largest American companies, a bright spot in an otherwise shaky U.S. economic recovery, particularly with respect to unemployment. America's blue chip firms - including industrial giants, banks, and auto companies - are healthier than they've been in years. But what about the largest U.S. tech companies? Like the other major stock indices, the tech-heavy Nasdaq index is at or near multi-year highs. On Friday alone, the Nasdaq rose 1%, nearly touching the index's five-year high, which it hit last September, driven in part by tech juggernaut Apple, which had just released the iPhone 5. But Wall Street sentiment has soured on Apple in recent months, somewhat tempering the Nasdaq's continued ascent. How high can tech stocks go? Given Apple's size - it's the largest tech company in the world - it makes sense to begin any forward-looking evaluation of the Nasdaq with the Cupertino, Calif.-based cash machine. Apple constitutes about 12% of the Nasdaq's valuation, and there's no question the company's recent stock swoon has placed a drag on the tech-heavy index. Let's take a look at Apple and three other important Nasdaq companies. Two weeks ago, for the third consecutive quarter, Apple fell short of analyst estimates, sending the company's stock down 10% in after-hours trading, wiping out nearly $50 billion in shareholder value. Source: http://business.time.com/2013/02/04/as-the-dow-soars-how-high-can-tech-stocks-go/

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