Government's chief financial expert provides a forewarning that having this guaranteed budget surplus over the next fiscal year will probably be "very, very tough". Treasury secretary Martin Parkinson claims the European recession will definitely hit Australia's base line, and tax receipts will be affected. The Opposition has, declaring Dr Parkinson is installing the surface for the fresh set of tax hikes. Parkinson released the caution after a talk for the Sydney Institute recently. "What we've got is much, much greater uncertainty about revenue numbers," he stated. "Even on the forecasts that we have, it is very, very hard to get back to surplus and then to build the surpluses over time." He explained Europe "will almost certainly" get into recession the coming year. "The only issue is how deep it is and how long it is. And our assessment is, that at the moment, if everything went well, it could be a shallow recession; if everything does not go well it could be long, deep and very drawn out." Treasurer Wayne Swan has prepared a new come back in order to surplus within 2012-13 the central plank regarding his economic plan. However shadow Treasurer Joe Hockey states Dr Parkinson's feedback imply tax hikes may be required in order to raise Australia's finances out of the red. "I am concerned that Dr Parkinson's speech is a way of preparing the ground for even more taxes," Mr. Hockey informed everyone.

Based from Fisher Capital Management research - the latest mobile security menace surfaced recently as cybercriminals aimed at people in the popular Netflix application for Android. The malware, known as Android.Fakeneflic, masquerades being the authentic Netflix software, and tricks people in to installing this application and getting into their Netflix account information. Nevertheless, when exposed, this information is seized by fraudsters who'll turn to exploit that for profit. The Netflix scam is among a variety of latest security threats directed at any well-known Android platform. The truth is, cybercriminals happen to be focusing on mobile devices for quite some time and the security sector has forecasted a surge in mobile malware for the past 10 years. The figures reveal that there is a notable rise in threats aimed towards mobile devices - a worldwide increase of 42 % in 2010. Nevertheless, in spite of this surge, the entire amount of mobile threats stays lower in contrast to computer-based hazards which is not really precise to express the actual expected 'explosion' has transpired.

Greece had already received non-investment grades by credit rating agencies before the most recent downgrade in its sovereign rating by S&P. So large institutional investors had not been able to invest in Greece anyway. Fisher Capital Management Warning: BOK issues blanket warning on debt Bank of Korea Governor Kim Choong-soo, right, holds a meeting with chief executives at the BOK's headquarters in central Seoul yesterday. Korea's central bank governor cautioned companies, individuals and the government yesterday on the danger of taking on an unreasonable level of debt. During a meeting with corporate executives yesterday, Bank of Korea Governor Kim Choong-so said, "corporations, the government and individuals should pay close attention to how much debt they take on." The BOK's 25 basis point rate hike last Friday will increase interest payments for debt holders. Kim also commented on Korea's mounting household debt. "We should keep an eye on those who take out loans that have no ability to pay them back." Yet he expressed confidence that Korea's record household debt - which recently exceeded the 800 trillion won mark - is manageable. A number of the country's largest conglomerates were represented at the meeting, including Kim Young-chul, Dongkuk Steel president & CEO; Alfred S. Koh, Samsung SDS CEO; Huh Chang-soo, GS Engineering & Construction chairman; Huh Myung-soo, GS E&C president & CEO; and Yoon Young-doo, Asiana Airlines chief executive. "The housing market doesn't look so optimistic," said GS E&C's chairman, blaming it on financial authorities' tight management of project financing loans, causing builders to suffer from unsold apartments. Regarding the airline industry's outlook, Asiana Airlines Chief Executive Yoon said: "The industry was sluggish in March and April due to Japan's massive earthquake, but after hitting bottom in April, the number of visitors to Japan is on the rise. And since oil prices have stab