posted on Dec, 19 2008 @ 11:13 AM
"Interoute, the internet networks company, report that three of the four internet sub-cables that carry run from Asia to North America have been
damaged.
These carry more than 75 per cent of traffic between the Middle East, Europe and America. It's hard to gather what this actually means - does that
mean that the internet is down or (more likely) significantly slower than usual between the Middle East and America? (If you're reading this, lets
face it, the internet has not shut down altogether)"
Times online
Btw, I checked, the date of the article "IS" December 19, 2008!!!
"Here's the big problem right now:
Finance companies [are] looking to settle trades on European and American exchanges. This cable outage means there is no real-time access to, for
example, trading ticker services. This means branch offices are compromised when trying to place trades. As private networks are being affected, these
organisations are forced to rely on public internet services that may have more latency and may not update as quickly. The loss of time even precious
seconds is hugely important to trading exchanges. These public internet services are now struggling to cope with peak in demand – leading to
increased latency, and further compromising the integrity of the trading data."
Times Online
Could this have anything to do with "CITI" banks computer outage???
This looks tom be hurting International banking as well as everything else, like routing voip phone calls.
It was but a year ago or so when all the undersea cables broke/were cut.
History repeating itself???