101113 WGM English Subs

Hi all,

There will be no WGM episodes this week.

MBC has postponed it to the following week.

Sorry

Gold Prices soar

Gold rose to a record for the fourth straight session on Tuesday as inflation worries and euro zone sovereign debt woes continue to lure investors to precious metals

Spot silver hit a new 30-year high of $28.16, and palladium extended gains to a new nine-year peak of $714.25. Spot gold rose to an all-time high of $1,414.60 an ounce, before easing to $1,413.50 by 0706 GMT.

"Liquidity is being thrown into the market place, the dollar is being debased as a way the U.S. government can get out of debt obligations, while Asian central banks keep buying dollars and keep their currencies cheap," said a Singapore-based trader.

Baskets of currencies around the world includes US currencies but because the currencies are unstable, some of the countries are contemplating whether to de-peg their currency from the US currency.

We will see in due time whether more countries will move away from the US and stick to the Asian currencies instead. 

Gold has always been seen as the alternative choice to US dollars whenever the latter is unstable and judging from the gold prices now, it can be surmised that the US dollars will probably not come to a stable point any time soon.

Credits -australianminesatlas

South Korea's Cybercrime power

On an MBC special which aired on November 8th, the show ran an investigation on the power of netizens.

Under the permission of gagwoman Lee Guk Ju, five students from a cyber-security school were given her name, her age, and her internet ID. With just these three pieces of information, what the students managed to find was shocking. Within 15 minutes, the students were able to find her internet password, and within an hour, her friends’ phone numbers, her education history, her home address, photos from her high school career, and email content sent to and from her friends.

All of this was done without the use of any illegal hacking programs, and the feat was attributed to the power of a new internet phenomenon, and what is now nicknamed the NCSI (Netizen Crime Scene Investigation).

South Korea is a unique case, at least in the sense that in other countries, especially America, the personal lives and other breaking news of celebrities are found through professional paparazzis and news agencies. However, South Korea, being one of the strongest IT nations in the world, puts netizens at the front of the investigations.

Netizens have made headlines on more than one occasion lately, and mostly for their ultra-fast pace in finding information. They are able to solve cases before police investigations even know where to start, making the confessions made by celebrities seem like child’s play.

A representative of a security enterprise stated, “As long as you’re skilled in making searches, finding personal information on a specific person isn’t that hard. People use their name, age, gender, and phone number without any suspicion online. All you need is one of those pieces, and it’s easy to gather all of the scattered data.”

Credits -allkpop

Blackberry, iPhone, Android

Contributed by Wei Kuan

Credits -techcrunch

EA signs five-year Facebook deal

Woah! This is HUGE!!!!!!




Electronic Arts is definitely a power house and now it has established a 5 year contract with Facebook.




Looks like Facebook is on its way to become a profitable corporation.

Electronic Arts has signed a five-year deal to use Facebook Credits as the only accepted method of payment for its games on the social networking site.




Under the terms of the deal, EA will receive 70% of revenue from Facebook Credits and Facebook gets the other 30%. Consumers use the credits to play games and buy virtual goods within the apps.

The deal announced Tuesday is a boon for Facebook, which has made a big push for Facebook Credits. Facebook has been trying to formalize relationships with gaming companies -- and get rid of bad blood.

For example, Zynga was reportedly threatening to pull its games off Facebook and start its own platform earlier this year.

The Credits revenue split was reportedly one of the main sticking points, but Zynga signed its own five-year deal with Facebook in September. It, like EA, will also receive 70% of revenue from Facebook Credits.

Keep up the good work facebook!

Credits -cnn, -digitalbattle, -farmvillefreak