image source Julie Beal Activist Post I hope by now I’m starting to get through to people about online identity management, because here in the UK a whole lotta folk are about to be forced to sign their life over to an Identity Provider. The UK government has decided to host all of its public services online, to fulfill the ‘Digital by Default’ strategy. The Government Digital Strategy is now expected to be up and running by April 2014. Five companies have been chosen to provide identity management for UK citizens, one of which, the Post Office, will serve as registration centers for biometric smart ID enrollment. When I try to tell people about this, and how it’s a global scheme, they just don’t seem to hear me. I can only think that the power of the media is responsible – they simply aren’t informing the public properly about this matter, so because you’re only hearing it from me, it perhaps doesn’t seem as real? Well, it is. Horribly so. There aren’t any glossy adverts for it yet, but if you wade through the documents, and listen to lectures and webinars aimed at industry professionals, it’s all there on the Web. google_ad_client = "pub-1897954795849722"; /* 468x60, created 6/30/10 */ google_ad_slot = "8230781418"; google_ad_width = 468; google_ad_height = 60; Educating the public seems to have been ruled out, and instead, people are being drawn in by only being able to access certain services by using an Identity Provider (IdP) - this rules out debate, and the right to be informed. In the US, Obamacare and access to personal electronic health records will kick off national IdM take-up, while in the UK, it’s beginning with access to government services. No matter how private you’re told IdM makes you, there will always be an audit trail, and a host of exemptions from peeking. Maybe you’re already one of the many victims of the transition to AI government – those wishing to claim Jobseeker’s Allowance must already make their claim online. It is not possible to do this by interacting with a human in any way. The thing is, the next stage is forcing people to sign up with an Identity Provider (IdP) to prove they are who they say they are, when they use government services which are only available online. It was supposed to start next month, i.e. the transition to Universal Credit (the new benefit which will replace most of the current ones) was meant to introduce identity management to the UK, by requiring all claimants to authenticate themselves online by using an IdP. However, the plan has now changed, and the latest news is that instead of starting with Universal Credit, there will be 25 government departments moving their services online, and to access these, citizens will need to sign up with an Identity Provider. The services include online driving licences, and other DVLA documents; State benefits, redundancy payments, and tax matters; civil claims; visa applications; electoral registration; and booking prison visits. In June, the government announced, HM Revenue & Customs (HMRC) will become the first central government department to use Identity Assurance (IDA), one set of secure login details to access all online public services, and will be a key component of Pay As You Earn Online (PAYE Online) which is to move to pre-launch mode in October 2013 with ‘wider IDA capabilities becoming available from October 2014′. The Government Digital Service (GDS), which is developing IDA, has described it such: “Identity assurance is about providing users with a simple, trusted and secure means of accessing public services, so we are working hard to ensure that privacy is at the heart of the service we will provide to users.” According to governmentcomputing.com, “IDA is set to become the default service for all government departments providing public digital services which require the citizen to confirm their identity.” The move comes as part of the Cabinet Office’s strategy to move all government services online in order to save between £1.7bn and £1.8bn a year.” They don’t want to provide staff to man phonelines, or offices –everything will be digitised, and for that you need smart ID. The UK government (Government Digital Services, or GDS) announced this month they have contracted the services of five companies, and we get to choose which one to sign up with! Gosh, thanks! The five IdPs chosen by GDS for the UK are Experian, Verizon, the Post Office, Mydex, and DigIdentity; the first/beta phase is just about to start. There were supposed to be eight IdPs, but PayPal and Cassidian have deferred their involvement for the time being. It was reported last week that a government spokesperson has stated, “Universal Credit remains part of the future delivery plans for the cross-government IDa Service in development at the Cabinet Office." Last year, (September, 2012), the UK Cabinet Office published the Local Authority Review of “Citizen Online Identity Assurance” which acknowledged one of the issues in enforcing the system is that “citizen trust may be difficult to achieve”. Too right!!! It’ll be even harder once people realize how easily they can be spied on, the fact that biometrics aren’t reliable enough, and that many things can go wrong when allowing a third party to handle your ability to live a life. If your global ID doesn’t work, you can’t do a thing. In June the Government and the UK's National Technical Authority on Information Assurance (CESG) also published new guidance on 'identity proofing' and verification. The guide sets out how businesses tasked with verifying the identity of individuals using Government services can achieve various levels of assurance about the identity of such users. The ‘Privacy and Consumer Advisory Group Draft Identity Assurance Principles’ were also published in June, and were actually endorsed by Big Brother Watch and No2ID, but all pretense of privacy is washed away by the exemptions (the “Exceptional Circumstances Principle”), which mean privacy can be violated for the following reasons: in the interests of national security; public safety or the economic well-being of the country; for the prevention of disorder or crime; for the protection of health or morals, for the protection of the rights and freedoms of others. This list kinda covers every excuse under the sun don’t ya think? Besides, there’s always the audit trail, and a whole variety of types of data about you that will be looked at. According to Mike Bracken, director of the Government Digital Service unit (GDS) in the Cabinet Office, “IA data includes “Personal data”, “Audit data, “Attribute data, “Identity data”, “Relationship data”; “Transactional data” and other “General data”…. "Processing” in the context of IA data means “collecting, using, disclosing, retaining, transmitting, copying, comparing, corroborating, aggregating, accessing”… etc … Subject to any audit or legal requirement, the Minimisation Principle requires any aggregation, correlation or corroboration to be of a transient nature. Any decision that requires a risk assessment of the Service-User will need the correlation of data from possibly a number of sources.” The UK has contracted its e-Gov services to one company, owned by only one man, who will host the services in the cloud, using software it has contracted from EMC Global Services, an American corporation. Does this mean the UK government is granting control of all her citizens to a private US company? Identity management enables full personality profiles for each of us, with a unique ID number, which works worldwide, using, for instance, the standards of the Open Identity Exchange (OIX) and ISO certification. Chris Ferguson, the man in charge of ‘Identity Assurance’ here in the UK, is on the board of directors of the OIX. In a workshop called ‘Comparing and Contrasting NSTIC with EU Approaches’ at this year’s World eID Congress, Chris Ferguson is due to give a presentation with the provisional title of “UK, a Laboratory for NSTIC in Europe”. this aligns with Ferguson’s commitment to working with his counterparts on his trip to the White House Colloquium on the NSTIC in May of last year, when the Cabinet Office noted, The internet doesn’t stop at national borders and nor will the identity ecosystem. Identity services and the technical and legal environments in which they work will need to align internationally over time even if there are differences from one country or business context to another. A step closer, perhaps, to an International Strategy for Trusted Identities in Cyberspace? In March, the Open Identity Exchange held a summit at the Microsoft headquarters in London, where Stephen Ufford, the founder of Trulioo (partnered with Verizon to deliver IdM in the UK, the US, and elsewhere) discussed the “problem” in the UK of the five million “unbanked” people – mainly the young and the old – who are classed as being “thin-file” people. Ufford also stated that instead of trying to “educate the public”, citizens could be “eased in” by getting them to use government services online. Trulioo specialises in social ID verification, and Ufford insists the government intends for us to use “social sign-ins” to begin with, such as through Google or Facebook, which would allow them to, “leverage existing consumer behaviour …. to make the verification process more simple”. The social (identity) file, he says, can include an email address, phone number, and even the device ID, and is, “created and aggregated just like a credit file. It’s reported from different identity providers, different instances of your social behaviour….”. Speaking at the Japan Identity and Cloud Summit , Ufford said that only 5% of e-commerce websites use social log-ins at present, but experts expect that over the next three years, this number will rise to over fifty per cent. He also assured the corporate attendees that they needn’t worry about using Trulioo’s product (called ‘Profile Plus’) because, he said, “… this process (the data we’re using to verify the identities) is completely unregulated so you don’t have to worry about the various types of privacy legislation around the world.” Trulioo gathers all of the bits and pieces of your digital footprint and assembles them as an ID, to provide “internet life verification”, i.e. to ‘prove’ the person is still alive. Don Thibeau, Founder of the Open Identity Exchange, and involved in setting up the NSTIC, believes the global identity ecosystem could use social and transactional information from the web and “repurpose it for other applications”. Perhaps he’s thinking of how much identity profiles are worth to marketers, financiers, researchers, and politicians. A webinar by a company (Janrain) partnered with Trulioo (see above), called ‘Leveraging Rich Social Profile Data for Advanced Segmentation’, stated Janrain could get rich profile data, e.g. photo, address, and psychographics, as well as relationship status, declared interests, movies, sports, and even “explicit access to their friends graphs”- this would give marketing companies “close to a 360 degree view” of customers and “could enable one to one marketing” using “centrally stored personality data”. The UK government guide for businesses, ‘Identity Proofing and Verification of an Individual’, describes the four levels of identity verification; a social log-in is the lowest level of authentication, as it is only ‘level 1’ and no evidence is obtained to verify the claimed identity; a level 2 identity has “sufficient evidence …. for it to be offered in support of civil proceedings”; a level 3 identity has been physically identified, meaning the owner of that identity has provided “sufficient confidence for it to be offered in support of criminal proceedings”; whilst the highest level of identity verification adds biometrics, “to further protect the identity from impersonation or fabrication.” A level 4 identity biometric is “a measure of a human body characteristic that is captured, recorded and/or reproduced in compliance with ICAO 9303”. The guide also notes that the following documents may be used, alongside other evidence, to authenticate a level 4 identity: Biometric passports that comply with ICAO 9303 (e-passports) and implement basic or enhanced access control (e.g. UK/EEA/EU/US/AU/NZ/CN) NHS staff card containing a Biometric UK biometric residence permit (BRP) UK asylum seekers Application Registration Card (ARC) EEA/EU Government issued identity cards that comply with Council Regulation (EC) No 2252/2004 that contain a Biometric The government’s Midata initiative, which requires businesses to compile “consumers' consumption and transaction data in a portable, machine readable format” is very close to being made compulsory for all businesses. Midata was developed by the Department for Business, Innovation & Skills (BIS), “using insights and evidence from the Government’s Behaviour Insights Team in the Cabinet Office”. The scheme is already compulsory for the energy, credit card, current account and mobile telephony sectors, but if secondary legislation is passed, all companies would have to comply. It is said to benefit consumers, but it will also facilitate ID authentication for thin-file people, since it is transactional data, and will make all audit investigations of ID far simpler. Our health records will be regularly scrutinised by algorithms trying to understand such things as the spread of disease – for this a full ID profile helps ‘make sense’ of each record. Our profiles will also be collated and spread around by marketers, looking for the golden all-round view of who we are, to create a personalised consumer bubble for each of us. We’re told the UK government won’t have a database of our IDs, but centralisation is no longer the issue – it is the ability to access and aggregate information from across the World Wide Web in real-time that counts, and ‘Identity Assurance’ does precisely this. Worse still, it moves our IDs to the cloud, where we are even less protected by law, leaving us vulnerable to companies from the US, a country which believes it has the right to snoop on us for the sake of ‘national security’. IdA just makes it easier for them. The ‘Privacy Principles’ make it clear our IDs can be checked to ‘prevent crime’, which is effectively giving full clearance for all citizens to be surveilled, just in case. Spread the word and don’t give in – right? Notes:  They then get you into the Job Centre and inform you that you MUST upload your CV (your identity profile) to a ‘government portal’ (called ‘Universal Jobmatch’) so prospective employers may browse them; so you can be monitored to ensure you really are trying to find work; and so the AI system can ‘match’ you with a job. Not having access to the internet is no excuse, and those who do sign up to Universal Jobmatch at home, are probably unaware that one particular cookie will be placed on their device for a full 1000 days. All this is managed by the Monster Corporation. Nice. Jobseekers are also told “you must tell us if you leave your home, even if only for a day”. This article first appeared at Get Mind Smart Julie Beal is a UK-based independent researcher who has been studying the globalist agenda for more than 20 years. Please visit her website, Get Mind Smart, for a wide range of information about Agenda 21, Communitarianism, Ethics, Bioscience, and much more.
Senate-Passed Deal Means Higher Tax on 77% of Households (BBG) Bipartisan House Backs Tax Deal Vote as Next Fight Looms (BBG) Fresh stand-off looms after US cliff deal (FT) Congress Deal Averting Tax Increase Curbs Risk to States (BBG) How Colombian drug traffickers used HSBC to launder money (Reuters) Danes Face New Reality in Struggle to End Crisis, PM Says (BBG) Ban on demanding Facebook passwords among new 2013 state laws (Reuters) Oil Climbs to Three-Month High as U.S. House Passes Budget Bill (BBG) Cameron seeks bold steps from G8 leaders (FT) China to outstrip Europe car production (FT) North Korea Picks Stronger Economy, South Ties as Top 2013 Tasks (BBG) Overnight Media Digest WSJ * Congress broke a rancorous stalemate on Tuesday to pass legislation designed to avert the so-called fiscal cliff. But the compromise bill, which blocked most impending tax increases and postponed spending cuts largely by raising taxes on upper-income Americans, left a host of issues unresolved and guaranteed continued budget clashes between the parties. * Apple Inc was hit New Year's Eve by an armed robbery at one of the company's Paris stores, the first major robbery of an Apple store in France. * South Korean steelmaker Posco said it and its partners have agreed to purchase a 15 percent stake in an ArcelorMittal-controlled iron-ore mining company in Canada for $1.1 billion. * Royal Dutch Shell Plc suffered another potential setback in its attempt to drill for oil in U.S. Arctic waters when an offshore rig ran aground after breaking free from tow ships in high seas. * Time Warner Cable Inc, which had warned of its intention to drop little-watched TV channels, agreed to at least temporarily extend carriage of several such channels ahead of the Dec. 31 deadline for renewal. * Intel Corp's effort to develop an Internet-based TV service and associated hardware is taking longer than expected, people familiar with the company's plans say, in part due to delays in reaching content agreements with media companies. * The recovering U.S. auto industry should hit its stride this year as new vehicle offerings, pickup-truck demand and a stable economy push sales above 15 million, automotive forecasting firm Polk predicts. * Manufacturing activity in China expanded at a mild pace in December, a survey of businesses showed, suggesting the economy is rebounding, but fighting headwinds from weak conditions around the world. * India's capital-markets regulator is taking steps to tame what has been one of the world's wildest IPO markets, with plans including forcing companies' founders to reimburse small investors for some losses. NYT * Ending a climactic fiscal showdown in the final hours of the 112th Congress, the House late on Tuesday passed and sent to President Obama legislation to avert big income tax increases on most Americans and prevent large cuts in spending for the Pentagon and other government programs. * With the House of Representatives approval of a fiscal agreement late on Tuesday, investors were expecting a rally in the markets to start the New Year. But the surge was not expected to last long, with investors and economists quickly shifting their focus to several hurdles the economy faces in the coming months. * Only the most affluent American households will pay higher income taxes this year under the terms of a deal that passed Congress, but most households will face higher payroll taxes because the deal does not extend a two-year-old tax break. * One of Shell Oil's two Arctic drilling rigs is beached on an island in the Gulf of Alaska, threatening environmental damage from a fuel spill and calling into question Shell's plans to resume drilling in the treacherous waters north of Alaska in the summer. The rig, the Kulluk, broke free from a tow ship in stormy seas and ran aground Monday night. * Energy drinks are the fastest-growing part of the beverage industry, with sales in the U.S. reaching more than $10 billion in 2012 - more than Americans spent on iced tea or sports beverages like Gatorade. * The asset forfeiture unit of the United States attorney's office in Manhattan recovered about $3 billion in crime proceeds in 2012, including a Tyrannosaurus skeleton worth more than $1 million. * An important gauge of China's giant manufacturing sector published on Tuesday showed a third successive month of expansion in December and underlined the view that the world's second-largest economy has settled into a mild rebound that is likely to extend into 2013. * After a year of legal wrangling between the designer Tory Burch and her former husband, Chris Burch, who is also the owner of the clothing retailer C. Wonder, Ms. Burch announced that an agreement had been reached to settle all pending legal claims between the couple. Canada THE GLOBE AND MAIL * The next step in the Harper government's transformation of Canada's immigration system will turn Ottawa into an online matchmaker, connecting would-be migrants with employers who want to hire them. The web-based "Expression of Interest" system, to be in place by 2014, will be an invitation-only route for economic immigrants where prospective arrivals advertise their skills and qualifications on a Canadian government database that will be perused by employers. * Ottawa is studying a list of 60 Russian officials who have allegedly gone unpunished over a major corruption and murder case in their home country, and now has to decide whether to ban them from Canada. The situation places the Canadian government in the middle of a diplomatic spat between the United States and Russia that has grown to engulf the emotional issue of international adoptions. Reports in the business section: * A slowing housing market and uncertainty over the shape of a deal on the U.S. "fiscal cliff" are putting a lid on projections for economic growth and stock market gains in 2013. Most forecasts see Canada's GDP expanding by only 1.8 percent or so in 2013, down from an estimated 2.0 percent in 2012. NATIONAL POST * Public confidence in Canada's national police force has dropped "significantly" over the past five years, according to a new poll conducted by Ipsos Reid on behalf of Postmedia News and Global Television. Hong Kong SOUTH CHINA MORNING POST -- An investigation into the setting of Hong Kong's interbank interest rates is unlikely to reveal any misconduct that had a major social impact because rates have been low for years, says the Hong Kong Association of Banks. (link.reuters.com/hub94t) -- After a sharp fall in rentals in the core Central district, the worst for Hong Kong's office leasing market is over, property consultants say. (link.reuters.com/jub94t) -- Stable demand from local luxury home buyers in Beijing may continue to help the capital city's top-end property market grow steadily this year despite the government's ongoing tightening measures. (link.reuters.com/kub94t) HONG KONG ECONOMIC JOURNAL -- Rent of the 10 largest housing estates by turnover increased by about 20 percent over 2012. SING TAO DAILY -- Evergrande Real Estate Group Ltd ranks No.1 in total area sold in the mainland property market in 2012, while China Vanke Co Ltd takes the lead in sales revenue. -- Aluminum Corp of China bought a 23.66 percent stake in Ningxia Electric Power Group from Huadian Power International Corp Ltd for 1.36 billion yuan ($218.29 million). THE STANDARD -- Danish audio equipment maker Bang & Olufsen, in tandem with luxury goods distributor Sparkle Roll Group Ltd, is setting the stage to be seen and heard in the mainland. (link.reuters.com/pub94t) Fly on the Wall 7:00 am Market Snapshot ANALYST RESEARCH Upgrades Brunswick (BC) upgraded to Outperform from Market Perform at BMO CapitalC.R. Bard (BCR) upgraded to Overweight from Neutral at JPMorganMarriott (MAR) upgraded to Buy from Neutral at SunTrustOlympic Steel (ZEUS) upgraded to Neutral from Underperform at Credit SuissePAREXEL (PRXL) upgraded to Buy from Neutral at CitigroupPepco Holdings (POM) upgraded to Outperform from Market Perform at Wells FargoQuidel (QDEL) upgraded to Outperform from Market Perform at Raymond JamesSmithfield Foods (SFD) upgraded to Outperform from Market Perform at BMO CapitalU.S. Steel (X) upgraded to Outperform from Neutral at Credit SuisseUrban Outfitters (URBN) upgraded to Hold from Underperform at JefferiesValspar (VAL) upgraded to Buy from Hold at KeyBancWalgreen (WAG) upgraded to Outperform from Market Perform at Raymond James Downgrades Alliant Energy (LNT) downgraded to Market Perform from Outperform at Wells FargoAmerican Eagle (AEO) downgraded to Hold from Buy at JefferiesAnn Inc. (ANN) downgraded to Hold from Buy at JefferiesAscena Retail (ASNA) downgraded to Neutral from Buy at CitigroupBrown Forman (BF.B) downgraded to Underweight from Equal Weight at Morgan StanleyHovnanian (HOV) downgraded to Neutral from Buy at UBSIDACORP (IDA) downgraded to Market Perform from Outperform at Wells FargoLinkedIn (LNKD) downgraded to Equal Weight from Overweight at BarclaysMindray Medical (MR) downgraded to Neutral from Outperform at Credit SuisseNTELOS (NTLS) downgraded to Neutral from Overweight at JPMorganRoss Stores (ROST) downgraded to Neutral from Buy at CitigroupSkullcandy (SKUL) downgraded to Underperform from Buy at JefferiesStarwood Hotels (HOT) downgraded to Neutral from Buy at SunTrustTarget (TGT) downgraded to Hold from Buy at JefferiesTilly's (TLYS) downgraded to Neutral from Overweight at Piper JaffrayWellpoint (WLP) downgraded to Neutral from Outperform at Credit Suisse Initiations AbbVie (ABBV) initiated with an Outperform at BMO CapitalAbbott (ABT) initiated with an Outperform at BMO CapitalAlon USA Energy (ALJ) initiated with a Neutral at Credit SuisseAlon USA Partners (ALDW) initiated with a Neutral at Credit SuisseFacebook (FB) coverage assumed with a Neutral at CowenWestern Gas Equity (WGP) initiated with an Outperform at RBC CapitalWestern Gas Partners (WES) initiated with an Overweight at Barclays HOT STOCKS House passed 'fiscal cliff' bill, President Obama to signArcelorMittal (MT) to sell 15% interest in ArcelorMittal Mines Canada for $1.1BAvis Budget (CAR) to acquire Zipcar (ZIP) for $12.25 per share in cashScott Griffith to remain Zipcar CEO Live Nation Entertainment (LYV) Chairman Irving Azoff resigned Middleby (MIDD) acquired Viking Range for $380M NEWSPAPERS/WEBSITES The recovering U.S. auto industry (F, GM, FIATY, TM) should hit its stride this year as new vehicle offerings, pickup-truck demand and a stable economy push sales above 15M, the Wall Street Journal reportsGrowth in broadband revenue has helped cable operators offset a stagnant pay-TV market, but the industry (GOOG, VZ, TWC, CMCSA, CALX, CHTR) is resisting pressure from local governments, businesses and universities to offer ultrafast Internet service, opening the door to new competitors, the Wall Street Journal reportsU.S. stocks are poised for gains to begin the year after passage of a bill to avoid harsh tax hikes that would have hit most Americans and crimped economic growth, Reuters reportsU.S. sales of warplanes, anti-missile systems and other weapons to China's and North Korea's neighbors appear set for significant growth (LMT, NOC, GD, BA) amid regional security uncertainty, Reuters reportsMiddle East and North Africa equities are set to outperform emerging markets as higher dividends and state-funded expansion attract investors looking for better returns, says Franklin Templeton Investment Management, Bloomberg reportsOil increased to the highest level in over 10 weeks in New York--as much as 1.1%--after lawmakers reached a deal to avert automatic tax increases and spending cuts that threatened growth in the U.S. economy, Bloomberg reports SYNDICATE Asia Entertainment (AERL) files to sell 7.8M shares for holders
Germany says U.S. debt levels "much too high" (Reuters) Netanyahu ramps up Iran attack threat (Reuters) Burberry plummets by most ever, slashes guidance, rattles Luxury-Goods Industry as Revenue Growth (Bloomberg) FoxConn Again Faces Labor Issue on iPhones (NYT) Southern whites troubled by Romney's wealth, religion (Reuters) China's Xi not seen in public because of ailment (Reuters) Another California muni default: Oakdale, Calif., Restructuring Debt, Planning Rate Raise After Default (Bond Buyer) Spain's PM expects "reasonable" terms for any new aid (Reuters) Bernanke Proves Like No Other Fed Chairman on Joblessness (Bloomberg) - Ineffective like no other? John Lennon’s Island Goes on Sale as Irish Unpick Property Boom (Bloomberg) Wen vows no concession (China Daily) New Deutsche Bank leaders to flesh out strategy and cuts (Reuters) Canadian Banks Grow Amid Cutbacks in London-New York (Bloomberg) Global front page summary: Stricter troika hardens assessement of Portuguese government: Portugal IMF plans to hit our pockets even harder: Ireland Negotiations with troika on retirement at 66: Greece EU plan: ECB must close national banks: Eurozone A ‘Diada’ that looks to Europe: Spain Free at last: Sweden Overnight Media Digest WSJ * Apple Inc is expected to introduce the next iPhone model on Wednesday, setting the stage for a critical test of wireless carriers' efforts to bend the economics of the popular device to their advantage. * Four years before a scandal erupted over banks' attempts to manipulate an important interest rate, the head of a private association of giant banks suggested that perhaps the group shouldn't be responsible for what had come to be known as "the world's most important number." * Glencore International Plc officially put its revised offer for Xstrata Plc to the miner's board and shareholders, seeking to win their approval for new terms and keep the huge merger deal from turning hostile or collapsing. * Eastman Kodak Co replaced its chief financial officer and moved to cut another 1,000 jobs in an effort to slow its consumption of cash and better position the company to emerge from bankruptcy court. * Speculation gathered steam about the health and whereabouts of the man expected to take the reins as China's top leader in a matter of weeks as Chinese authorities keep their usual tight grip on information about the nation's leaders. *On Monday, Chinese authorities failed to explain why Vice President Xi Jinping, who hasn't been seen in public since Sept. 1, had missed another meeting with a visiting foreign dignitary, Denmark's prime minister. FT BARCLAYS TO SHRINK CONTROVERSIAL TAX UNIT Barclays will take the axe to its controversial tax structuring unit, as it seeks to clean up its image in the wake of a succession of scandals. 'HIGH-RISK' GROUPS FACE OUTSOURCING BAN The performance of troubled Olympics contractor G4S will be reviewed "very carefully", the British government has warned. TRAIL BEGINS OF FORMER UBS TRADER Former UBS trader Kweku Adoboli appeared in court on Monday at the start of his fraud trial in a case involving losses of $2.3 billion. RUMOURS SWIRL AS CHINA'S XI VANISHES Xi Jinping has disappeared from public view weeks before his expected takeover of the Chinese Communist Party. GLENCORE MAKES FINAL OFFER FOR XSTRATA Glencore laid out what it said was a final $36 billion takeover offer for Xstrata, warning it would not improve the terms again. UK GOVT BROKER DEAL TO ALLOW 4G PEACE TALKS A deal between the UK's mobile operators has been brokered that will allow for next-generation 4G mobile broadband services to be rolled out. FAST LIBOR REFORM 'RISKS CAUSING CHAOS' Radical and rapid reform of Libor rates could trigger chaos for $300 trillion in existing debt and derivative contracts based on the interbank lending benchmarks. APP DEVELOPER EMERGES AS APPLE LEAK SOURCE A small app developer in Florida was the source of the Apple leak by the hacktivist group Anonymous last week. NYT * As Apple Inc prepares to unveil the latest iPhone this week, the company's manufacturing partner in China, Foxconn Technology, is coming under renewed criticism over labor practices after reports that vocational students were being compelled to work at plants making iPhones and their components. * Glencore International, the world's largest commodities trader, officially unveiled its new offer for the mining company Xstrata Plc on Monday, although the outcome of the merger remains uncertain. * A supporter of Anonymous, the loose confederation of rogue hackers, claimed responsibility on Monday for an attack that brought down GoDaddy, a Web hosting service, and its customers. * Exports from China inched up in August and imports shrank unexpectedly, data released on Monday showed, cementing the view that the Chinese economy has slowed abruptly in recent months despite a string of government measures devised to bolster it. Canada THE GLOBE AND MAIL * An NDP MP is turning to the internet to cover his legal bills in the face of a lawsuit for wrongly accusing an Alberta company of electoral fraud. Supporters and friends of Pat Martin are trying to raise C$250,000 after the Winnipeg MP was sued for comments he made about the 2011 election robo-calls scandal. Reports in the business section: * BCE Inc on Monday began its defence of a proposed C$3.4-billion takeover of Astral Media Inc and immediately faced the pointed scrutiny of the avowedly populist new CRTC boss. * A torrent of oil pumped from new wells across the U.S. is setting in motion a decade of dramatic change that promises to wean the country off OPEC, and threatens the growth of energy imports from Canada. NATIONAL POST * Toronto police have linked the Galloway Boys, a notorious Scarborough street gang, to the July 16 block party shooting that killed two people and injured 23 others, as well as to the December murder of a 24-year-old man and six other shootings around the Toronto area. * The family of a Canadian soldier who committed suicide spent just over C$10,800 in court costs to correct mistakes made in the young soldier's death certificate and registration, errors for which they blamed National Defence. FINANCIAL POST * Talisman Energy Inc on Monday signaled it is changing course rather than putting itself on the block. President and Chief Executive John Manzoni stepped down, and Talisman is now under the steady hand of Hal Kvisle, the former TransCanada Corp president and CEO and a Talisman board member. European Economic Summary Hungary CPI +0.1% m/m +6.0% y/y – lower than expected. Consensus +0.2% m/m +6.0% y/y. Previous: -0.1%m/m +5.8% y/y Turkey Current Account Balance -$3.9bn – higher than expected. Consensus -$4.0bn. Previous -$4.2bn. Czech Republic Current Account Balance -CZK11.5bn – lower than expected. Consensus -CZK8.7bn. Previous: -CZK6.8bn. UK Trade Balance -£1.3bn. Previous -£4.3bn. UK Trade in Goods -£7.1bn – higher than expected. Consensus £-9.0bn. Previous -£10.1bn. Fly on the Wall 7:00 AM Market Snapshot (new service starting as of today) ANALYST RESEARCH Upgrades Bristol-Myers (BMY) upgraded to Conviction Buy from Buy at GoldmanCatamaran (CTRX) upgraded to Conviction Buy from Buy at GoldmanCorporate Office Properties (OFC) upgraded to Neutral from Underweight at JPMorganPacWest Bancorp (PACW) upgraded to Outperform from Neutral at MacquarieSynacor (SYNC) upgraded to Neutral from Sell at Citigroup Downgrades AmerisourceBergen (ABC) downgraded to Neutral from Conviction Buy at GoldmanBemis (BMS) downgraded to Neutral from Buy at CitigroupCoach (COH) downgraded to Hold from Buy at Brean MurrayMajesco (COOL) downgraded to Hold from Buy at NeedhamOwens-Illinois (OI) downgraded to Neutral from Buy at CitigroupQuaker Chemical (KWR) downgraded to Neutral from Buy at Janney CapitalWatson Pharmaceuticals (WPI) downgraded to Buy from Conviction Buy at Goldman Initiations AngloGold (AU) initiated with an Outperform at Credit SuisseBristol-Myers (BMY) reinstated with a Neutral at Credit SuisseCabot Oil & Gas (COG) initiated with an Outperform at BernsteinGold Fields (GFI) initiated with a Neutral at Credit SuisseHarmony Gold (HMY) initiated with an Underperform at Credit SuisseIntellipharmaceutics (IPCI) initiated with a Buy at Brean MurrayIntrepid Potash (IPI) initiated with a Buy at WunderlichLife Technologies (LIFE) initiated with a Buy at WallachBethQEP Resources (QEP) initiated with an Outperform at BMO CapitalRange Resources (RRC) initiated with an Outperform at BernsteinSouthwestern Energy (SWN) initiated with an Outperform at BernsteinYelp (YELP) initiated with a Neutral at Piper Jaffray HOT STOCKS AIG (AIG) said Treasury Department priced offering to sell AIG stock at $32.50 per sharePhilips (PHG) to cut 2,200 more jobs, raised cost-cutting target to EUR1.1BMasterCard (MA) expanded U.S. electronic payments to ATM channelGeneral Electric (GE) and Xtreme Power formed strategic allianceGeneral Dynamics (GD) bought Open Kernal LabsSunstone Hotel (SHO) to sell three properties for about $107MEmerald Oil (EOX) to acquire about 4,500 net operated acres in North DakotaOld Line Bancshares (OLBK), WSB Holdings (WSB) execute merger agreementKEYW Holding (KEYW) to acquire Poole & AssociatesCareerBuilder (GCI, MNI) acquired Economic Modelin Specialists InternationalH.B. Fuller (FUL) acquired EngentNavidea (NAVB) received complete response letter from FDA for LymphoseekFive Below (FIVE) sees FY12 SSS increasing 6%-6.5%Citrix Systems (CTXS) acquired Beetil Genesee & Wyoming (GWR) sees Q3 farm and food traffic lower by 4,000 carloads Acacia Research (ACTG) subsidiary acquired patent on stent graft technology EARNINGS/GUIDANCE Companies that beat consensus earnings expectations last night and today include:Five Below (FIVE), Casey's General Stores (CASY) Companies that missed consensus earnings expectations include:Majesco (COOL), Shuffle Master (SHFL) NEWSPAPERS/WEBSITES Apple’s (AAPL) new iPhone will likely break previous sales records. It also may prove the moment to dump the shares, the Wall Street Journal reportsChrysler Group LLC (FIATY) showed dealers over six new models due to arrive over the next 18 months as part of phase two of CEO Sergio Marchionne’s turnaround plan, the Wall Street Journal reportsQatar, Xstrata's (XSRAY) second biggest investor, has held back immediate support for Glencore's (GLNCY) increased bid for the miner, despite an apparent rapprochement last week, saying in a rare statement today it was still considering its position, Reuters reportsNokia Siemens Networks (NOK, SI) is in talks with several companies to sell its business support systems unit, CEO Rajeev Suri said, Reuters reportsJPMorgan Chase (JPM) and Bank of America (BAC) are helping clients find an extra $2.6T to back derivatives trades amid signs that a shortage of quality collateral will erode efforts to safeguard the financial system, Bloomberg reportsOil traded near the highest close in nearly three weeks in New York amid speculation the U.S. will add to measures to revive its economy, countering concern that Europe’s bailout plan will falter. The Fed begins a two-day meeting tomorrow where it may announce stimulus measures, Bloomberg reports SYNDICATE AIG (AIG) 553.8M share Secondary priced at $32.50El Paso Pipeline (EPB) files to sell 7.1M common units for limited partnersEmerald Oil (EOX) commences public offering of 82M shares of common stockFifth Street Finance (FSC) commences offering of 7.5M shares of common stockSun Communities (SUI) commences offering of 3M shares of common stockTextainer (TGH) files to sell 7.5M shares of common stock ACTIVIST/PASSIVE FILINGS Lavazza raises stake in Green Mountain (GMCR) to 6.8% from 5%Lone Pine Capital reports 6.7% passive stake in Dunkin' Brands (DNKN)