Slashdot Mirror

Hugh Pickens DOT Com (2995471) writes "Bloomberg reports that humans are taking the place of machines in plants across Japan so workers can develop new skills and figure out ways to improve production lines and the car-building process. "We need to become more solid and get back to basics, to sharpen our manual skills and further develop them," says Mitsuru Kawai, a half century-long company veteran tapped by President Akio Toyoda to promote craftsmanship at Toyota's plants. "When I was a novice, experienced masters used to be called gods (Kami-sama in Japanese), and they could make anything."

According to Kawai, learning how to make car parts from scratch gives younger workers insights they otherwise wouldn't get from picking parts from bins and conveyor belts, or pressing buttons on machines. At about 100 manual-intensive workspaces introduced over the last three years across Toyota's factories in Japan, these lessons can then be applied to reprogram machines to cut down on waste and improve processes. In an area Kawai directly supervises at the forging division of Toyota's Honsha plant, workers twist, turn and hammer metal into crankshafts instead of using the typically automated process. Experiences there have led to innovations in reducing levels of scrap and shortening the production line and Kawai also credits manual labor for helping workers improve production of axle beams and cut the costs of making chassis parts. "We cannot simply depend on the machines that only repeat the same task over and over again," says Kawai. "To be the master of the machine, you have to have the knowledge and the skills to teach the machine.""

squiggleslash writes: "One question arose almost immediately upon the exposure of Heartbleed, the now-infamous OpenSSL exploit that can leak confidential information and even private keys to the Internet: Did the NSA know about it, and did they exploit if so? The answer, according to Bloomberg, is 'Yes.' 'The agency found the Heartbeat glitch shortly after its introduction, according to one of the people familiar with the matter, and it became a basic part of the agency's toolkit for stealing account passwords and other common tasks.'" The NSA has denied this report. Nobody will believe them, but it's still a good idea to take it with a grain of salt until actual evidence is provided. CloudFlare did some testing and found it extremely difficult to extract private SSL keys. In fact, they weren't able to do it, though they stop short of claiming it's impossible. Dan Kaminsky has a post explaining the circumstances that led to Heartbleed, and today's xkcd has the "for dummies" depiction of how it works. Reader Goonie argues that the whole situation was a failure of risk analysis by the OpenSSL developers.

An anonymous reader sends this news from Bloomberg: "The U.S. government will treat Bitcoin as property for tax purposes, applying rules it uses to govern stocks and barter transactions, the Internal Revenue Service said in its first substantive ruling on the issue. Today's IRS guidance will provide certainty for investors, along with potential income-tax liability. Under the ruling, purchasing a $2 cup of coffee with Bitcoins bought for $1 would trigger $1 in capital gains for the coffee drinker and $2 of income for the coffee shop. ... Under the IRS ruling, Bitcoin investors would be treated like stock investors. Bitcoins held for more than a year and then sold would pay the lower tax rates applicable to capital gains — a maximum of 23.8 percent compared with the 43.4 percent top rate on property sold within a year of purchase. For investors with losses, U.S. tax law allows taxpayers to subtract capital losses from any capital gains. They can also subtract up to $3,000 of capital losses a year from ordinary income.'"

An anonymous reader writes with a Ukraine news roundup. "'Russia is the only country in the world realistically capable of turning the United States into radioactive ash,' anchor Dmitry Kiselyov said on his weekly news show on state-controlled Rossiya 1 television. ... His programme was broadcast as the first exit polls were being published showing an overwhelming majority of Crimeans voting to leave Ukraine and join Russia. He stood in his studio in front of a gigantic image of a mushroom cloud produced after a nuclear attack, with the words 'into radioactive ash.' ... Kiselyov has earned a reputation as one of Russia's most provocative television news hosts, in particularly with his often blatantly homophobic remarks. But he is also hugely influential with his weekly news show broadcast at Sunday evening prime time. Putin last year appointed Kiselyov head of the new Russia Today news agency that is to replace the soon to be liquidated RIA Novosti news agency with the aim of better promoting Russia's official position. — Russia has threatened to stop nuclear disarmament treaty inspections and cooperation. Russian troops are reported to have seized a natural gas terminal in Ukraine outside of Crimea. There are reported to be 60,000 Russian troops massing on Russia's border with Ukraine."

hcs_$reboot writes "Masatoshi Son, SoftBank CEO, remembers the early days when he tried to cut a deal with Steve Jobs in order to be the first to offer the not-even-named-iPhone-yet- 'new phone' from Apple, back in 2005. At the time, Son didn't even own a mobile carrier. He then purchased Vodafone, and was indeed the first to sell the iPhone in 2008 (then Au-Kddi in 2011, and DoCoMo in 2013). Today, 75% of smartphones sold in Japan are iPhones."

Hugh Pickens DOT Com writes "Marcus Stern and Sebastian Jones report on Bloomberg that as federal regulators continue investigating why tank cars on three trains carrying North Dakota crude oil have exploded in the past eight months, energy experts say part of the problem might be that some producers are deliberately leaving too much propane in their product, making the oil riskier to transport by rail. Sweet light crude from the Bakken Shale formation has long been known to be especially rich in volatile natural gas liquids like propane and while there's no way to completely eliminate natural gas liquids from crude, well operators are supposed to use separators at the wellhead to strip out gases before shipping the oil. The worry is that some producers are adjusting the pressure settings to leave in substantial amounts of natural gas liquids and purposefully selling their crude "fluffed up" with propane to maximize their profits." (Read more, below.) "'There is a strong suspicion that a number of producers are cheating. They generally want to simply fill up the barrel and sell it—and there are some who are not overly worried about quality,' says Alan J. Troner. 'I suspect that some are cheating and this is a suspicion that at least some refiners share.' As an oil train shakes, rattles and rolls toward the refinery, the propane begins to separate from the liquid and turning into gas. If one of those cars ruptures, the propane gas inside will likely make contact with outside air. If the gas is ignited—perhaps by a spark thrown off when the car rips open or maybe a spark thrown up from steel wheels scraping over steel tracks—the car can explode. Then the burning car can act like a blowtorch on the tanker next to it and at that point, railcars can explode in domino fashion. The Pipeline and Hazardous Materials Safety Administration (PHMSA) recently issued a safety alert that recent derailments and resulting fires indicate that the type of crude oil being transported from the Bakken region may be more flammable than traditional heavy crude oil. 'It's typical of this type of oil. So it's not surprising. There's no mystery to it especially if it were in a tanker not meant to carry that type of fluid,' says Ramanan Krishnamoorti referring to the much-criticized DOT-111, a black, torpedo-shaped railcar designed in the 1960s that has become the workhorse of the crude-rail industry. Washington doesn't appear to be in a rush to address the problem. On January 23, investigators at the US National Transportation Safety Board made broad recommendations that would have big consequences: They said crude oil should meet the same restrictions as toxic chemicals, which must be routed on tracks away from population centers. 'The large-scale shipment of crude oil by rail simply didn't exist 10 years ago, and our safety regulations need to catch up,' says NTSB Chairman Deborah Hersman. 'While this energy boom is good for business, the people and the environment along rail corridors must be protected from harm.'"

Hugh Pickens DOT Com writes "Bloomberg reports that the oil industry is pressuring President Barack Obama to end the 41-year-old ban on most crude exports but British Petroleum (BP) isn't waiting for a decision. The British oil giant has signed on to take at least 80 percent of the capacity of a new $360 million mini-refinery in Houston that will process crude just enough to escape restrictions on sales outside the country. 'It's a relatively inexpensive way around the export prohibition,' says Judith Dwarkin 'You can lightly ruffle the hydrocarbons and they are considered processed and then they aren't subject to the ban.' Amid a flood of new US oil, the demand for simple, one-step plants capable of transforming raw crude into exportable products such as propane is feeding a construction boom along the Gulf Coast. The first such mini-refinery, built for 1/10 the cost of a complex, full-scale refinery, is scheduled to open the first phase of its 100,000 barrel-a-day crude processing plant in July, The mini-refineries take advantage of the law that allows products refined from oil to be sold overseas, though not the raw crude itself. 'The international buyers of these products will likely need to refine them further, so this is basically a veiled form of condensate exports,' says Leo Mariani."

kc123 writes in with news that Rolls Royce is designing unmanned cargo ships."Rolls-Royce's Blue Ocean development team has set up a virtual-reality prototype at its office in Alesund, Norway, that simulates 360-degree views from a vessel's bridge. Eventually, the London-based manufacturer of engines and turbines says, captains on dry land will use similar control centers to command hundreds of crewless ships. Drone ships would be safer, cheaper and less polluting for the $375 billion shipping industry that carries 90 percent of world trade, Rolls-Royce says."

mrspoonsi writes "BBC Reports: 'Defense Secretary Chuck Hagel has unveiled plans to shrink the U.S. Army to its smallest size since before World War Two. Outlining his budget plan, the Pentagon chief proposed trimming the active-duty Army to between 440,000 and 450,000 personnel — from 520,000 currently. The U.S. currently spends more on defense than the combined total of the next 12 countries, as ranked by defense spending.'"

kc123 writes with this except from Bloomberg News: "Microsoft is cutting the price of Windows 8.1 by 70 percent for makers of low-cost computers and tablets as they try to fend off cheaper rivals like Google's Chromebooks, people familiar with the program said. Manufacturers will be charged $15 to license Windows 8.1 and preinstall it on devices that retail for less than $250, instead of the usual fee of $50. The discount will apply to any products that meet the price limit, with no restrictions on the size or type of device."

Nerval's Lobster writes "Tesla CEO Elon Musk admitted in a Bloomberg interview that he had engaged in 'conversations' with Apple, but refused to disclose the content of those talks. Rumors have circulated for several days that Apple executives met with Musk last spring about a possible acquisition. An anonymous source with knowledge of those discussions told SFGate.com that discussions included Adrian Perica, who heads up Apple's M&A division, and possibly Apple CEO Tim Cook. 'Both [Tesla and Apple] have built brands based on advanced engineering and stylish user-friendly design,' the newspaper noted. 'And each company has become a symbol of Silicon Valley innovation—even among people who don't own their products.' But in the interview, Musk framed an acquisition as 'very unlikely,' mostly because it would distract Tesla from its goal of building an affordable electric car. 'I don't see any scenario,' he added, in which Tesla could juggle the issues associated with a takeover while producing vehicles that met his perfectionist standards. He did suggest, however, that Apple's iOS and Google Android could find their respective ways into Tesla's in-vehicle software. Tesla executives once considered integrating an early version of Android into the company's first electric cars, but the software ultimately wasn't ready to serve as an automotive application. Nonetheless, Musk could see iOS or Android within the context of a 'projected mode or emulator' that would allow someone to use applications while driving, although 'that's peripheral to the goal of Tesla.'"

An anonymous reader writes "When we last checked in with Tim Armstrong, the AOL CEO was demonstrating 'Leadership with a Capital L' to employees of the company's Patch local news subsidiary by summarily firing an employee in the middle of a conference call for taking photos. Armstrong continued to serve up tasty material for tech bloggers this past week, blaming $7.1 million in extra expenses from Obamacare, and for $2 million in expenses for 'two AOLers that had distressed babies', for a decision to hold all matching funds for employee 401K programs until the end of each calendar year. After a small firestorm in the press, and a petition from AOL employees unhappy with both the policy change and the way it was presented, Armstrong reversed course, reinstating the per-period match and apologizing for mentioning the individual employee cases (TechCrunch is an AOL subsidiary). Incidentally, Armstrong was originally following in the footsteps of IBM, which made similar changes to its 401K program that went into effect last year."

krakman writes with this excerpt from Bloomberg News: "Bitcoin plunged more than 8 percent [Friday] after a Tokyo-based exchange halted withdrawals of the digital currency, citing technical malfunction. Mt. Gox, claimed in a blog post it needed to 'temporarily pause on all withdrawal requests to obtain a clear technical view of the currency processes.' It promised an 'update' — not a reopening — on Monday, Feb. 10, Japan time. This is day after Russia's Prosecutor General concluded Bitcoin and other digital currencies are illegal under current law."

Nerval's Lobster writes "Microsoft's next CEO will be Satya Nadella, if current reports prove accurate. According to Re/code, which drew its information from "numerous sources close to Microsoft," Nadella could officially assume the role in early February. Meanwhile, anonymous sources speaking to Bloomberg suggested that co-founder Bill Gates could be forced to give up his longtime chairman role. Nadella (again, if confirmed) seems a logical choice for Microsoft. He's been with the company for more than twenty years, eventually becoming executive vice president of its Cloud and Enterprise division. The enterprise remains a key—perhaps the key — customer segment for Microsoft, especially as its mobile and consumer efforts (excluding the Xbox) have floundered in recent years; in order to retain those business clients, Nadella and his team embarked on the creation of 'Cloud OS,' the platform that powers Microsoft's large-scale cloud services such as SkyDrive, Azure, and Office 365. Under his guidance, Microsoft's revenue from cloud services has grown by several billion over the past few years, so he's shown that he can expand a business. In addition, his technical background could afford him a measure of respect from Microsoft's legions of engineers and developers. But if he's ultimately tapped for the CEO seat, Nadella faces one of the toughest jobs in the technology industry: not only does he need to craft a plan that will allow Microsoft to grow and prosper in an integrated, holistic manner—he'll need to do it while guiding the company through the massive internal reorganization initiated by his predecessor, Steve Ballmer."

SmartAboutThings writes "Edward Snowden has a chance of getting the 2014 Nobel Peace Prize, as two Norwegian members of the Parliament have nominated him — Baard Vegard Solhjell (a former environment minister) and Snorre Valen. So, the fact that members of the Norwegian Parliament have proposed him for the Nobel Peace Prize could improve his chance of winning. After all, if Obama got this prize, why wouldn't Snowden get it?"

coondoggie writes "The U.S. Customs and Border Protection service said today it has grounded its nine remaining unmanned aircraft after one of them was forced to ditch in the Pacific Ocean. The unmanned aircraft had an unknown mechanical failure while on patrol off the southern California coast. The crew determined that it wouldn't make it back to Sierra Vista, Arizona, 'and put the aircraft down in the water.' The drone cost about $12 million. 'The Predator B, also known as the MQ-9 Reaper in the U.S. Air Force, can fly as many as 27 hours and reach an altitude of 50,000 feet (15,240 meters), according to the website of Poway, California-based General Atomics. It has a wingspan of 66 feet (20 meters) and can carry more than 3,000 pounds (1,361 kilograms) of cameras, weapons or other payload, according to the company.'"

Nerval's Lobster writes "Nintendo's revenue and profits are tumbling faster than Mario into a bottomless pit. Company executives recently suggested the next-generation Wii U console would sell 2.8 million units between April 2013 and March 2014 — significantly below the 9 million units predicted in previous estimates. Contrast that with Sony's PlayStation 4 and Microsoft's Xbox One, which sold 4.2 million and 3 million units, respectively, in their first six weeks of release. In lowering its hardware and software estimates, Nintendo also expects to take a loss by the end of its fiscal year in March. Nintendo's attempt to carve a niche for itself as an ecosystem for casual gamers has also run into a massive obstacle in the form of smartphones and tablets, which quickly developed into popular gaming platforms. Nintendo is reportedly considering a 'new business model,' according to Bloomberg, with its CEO telling a gathering of reporters in Osaka: 'Given the expansion of smart devices, we are naturally studying how smart devices can be used to grow the game-player business. It's not as simple as enabling Mario to move on a smartphone.' While Nintendo could probably made some good money off legacy gamers by bringing its (much loved) portfolio of older titles to iOS, Android, and other platforms, that move to mobile might further weaken its hardware sales. So what do you think? If you were in charge of Nintendo, how would you turn it around?"

JoeyRox writes "Tesla is sending its customers new home charging connectors after recent reports of chargers overheating in garages and one instance of a fire inside a wall socket that held one of the chargers. Tesla CEO Elon Musk said the new charging adapter will contain a thermal fuse capable of terminating the charging process if it gets too hot. 'These are very rare events, but occasionally the wiring isn't done right. We want people to have absolute comfort, so we're going to be providing them with an upgraded adapter.' The company also issued a software update in December to address the overheating issue."

An anonymous reader writes "The smartphone and tablet rivals will work with a mediator in an effort to settle their patent disputes in advance of a second trial on the issues scheduled for this spring, according to Bloomberg News. The agreement, filed in federal court in San Jose today, was in response to U.S. District Judge Lucy Koh's request in November that both sides submit a settlement discussion proposal before trial. Senior legal executives at the companies met Jan. 6 to discuss 'settlement opportunities,' according to the proposal. The companies agreed to retain a mediator 'who has experience mediating high profile disputes,' according to the filing, which doesn't name the person. The chief executive officers and three to four company lawyers, but no outside lawyers, will attend the mediation before Feb. 19, according to the filing."

Hugh Pickens DOT Com writes "USA Today reports that Ford's next F-150 pickup truck will be made mostly of aluminum, instead of steel, in a bid to save weight. It will likely either be hailed as a breakthrough product to buyers who've made F-150 the bedrock of its business or one that draws comparisons to a 'rolling beer can.' The automaker has asked Alcoa, which makes aluminum blast shields for battlefield-bound vehicles, to lend some of its military-grade metal for the automaker's display, according to people familiar with Ford's plans. Ford's sales job will be considerable: The company is eager to demonstrate the toughness of aluminum, which is lighter than steel, to pickup buyers at next month's Detroit auto show. 'This is already the most significant debut at the auto show,' says Joe Langley. 'Everybody's going to be dissecting that thing for a long time, especially since Ford will be taking such a big gamble.' As a transformative product with a potentially troublesome introduction, the new F-150 has drawn comparisons with Boeing Co.'s 787 Dreamliner — an aircraft developed under the company's commercial airplane chief at the time, Alan Mulally, who in 2006 became Ford's chief executive officer. Because of the complicated switch to aluminum from steel in the F-150's body, IHS Automotive estimates Ford will need to take about six weeks of downtime at each of its two U.S. truck plants to retool and swap out robots and machinery. Ford is apparently trying to squeeze more than 700 pounds out of its next generation of pickup trucks. Using aluminum to cut weight would help meet rising fuel economy standards in the United States, which is requiring a fleetwide average of 54.5 miles per gallon by 2025."

Hugh Pickens DOT Com writes "USA Today reports that Ford's next F-150 pickup truck will be made mostly of aluminum, instead of steel, in a bid to save weight. It will likely either be hailed as a breakthrough product to buyers who've made F-150 the bedrock of its business or one that draws comparisons to a 'rolling beer can.' The automaker has asked Alcoa, which makes aluminum blast shields for battlefield-bound vehicles, to lend some of its military-grade metal for the automaker's display, according to people familiar with Ford's plans. Ford's sales job will be considerable: The company is eager to demonstrate the toughness of aluminum, which is lighter than steel, to pickup buyers at next month's Detroit auto show. 'This is already the most significant debut at the auto show,' says Joe Langley. 'Everybody's going to be dissecting that thing for a long time, especially since Ford will be taking such a big gamble.' As a transformative product with a potentially troublesome introduction, the new F-150 has drawn comparisons with Boeing Co.'s 787 Dreamliner — an aircraft developed under the company's commercial airplane chief at the time, Alan Mulally, who in 2006 became Ford's chief executive officer. Because of the complicated switch to aluminum from steel in the F-150's body, IHS Automotive estimates Ford will need to take about six weeks of downtime at each of its two U.S. truck plants to retool and swap out robots and machinery. Ford is apparently trying to squeeze more than 700 pounds out of its next generation of pickup trucks. Using aluminum to cut weight would help meet rising fuel economy standards in the United States, which is requiring a fleetwide average of 54.5 miles per gallon by 2025."

JoeyRox writes "The exponential growth of rooftop solar adoption has utilities concerned about their financial future. Efficiency gains and cost reductions has brought the price of solar energy to within parity of traditional power generation in states like California and Hawaii. HECO, an electric utility in Hawaii, has started notifying new solar adopters that they will not be allowed to connect to the utility's power grid, citing safety concerns of electric circuits becoming oversaturated from the rapid adoption of solar power on the island. Residents claim it's not about safety but about the utility fighting to protect its profits." We mentioned earlier the connection fee recently approved in Arizona. Do you have a solar system? If not (or if so, for that matter), does this make you think twice about it?

recoiledsnake sends this news from Bloomberg: "Italy's Parliament today passed a new measure on web advertising, the so-called 'Google tax,' which will require Italian companies to purchase their Internet ads from locally registered companies, instead of from units based in havens such as Ireland, Luxembourg and Bermuda. Google, for example, says that it sells nearly all its advertising in Europe from an Irish unit, leaving little taxable profits in the countries where its customers are based. That unit in turn pays royalties to a second Irish subsidiary, which says its headquarters are in Bermuda. Google last year moved nearly $12 billion to the Bermuda unit, the majority of its worldwide income, cutting more than $2 billion off its global income tax bill. Google's Italian unit last year reported total income taxes of just 1.8 million euros, corporate filings show."

quantr writes with this excerpt from Bloomberg: "China's central bank barred financial institutions from handling Bitcoin transactions, moving to regulate the virtual currency after an 89-fold jump in its value sparked a surge of investor interest in the country. Bitcoin plunged more than 20 percent to below $1,000 on the BitStamp Internet exchange after the People's Bank of China said it isn't a currency with 'real meaning' and doesn't have the same legal status. The public is free to participate in Internet transactions provided they take on the risk themselves, it said. The ban reflects concern about the risk the digital currency may pose to China's capital controls and financial stability after a surge in trading this year made the country the world's biggest trader of Bitcoin, according to exchange operator BTC China. Bitcoin's price jumped more than ninefold in the past two months alone, prompting former Federal Reserve Chairman Alan Greenspan to call it a 'bubble.' 'The concern is that it interferes with normal monetary policy operation,' said Hao Hong, head of China research at Bocom International Holdings Co. in Hong Kong. 'It represents an unofficial leakage to the current monetary system and trades globally. It is difficult to regulate and could be used for money laundering.'"

Hugh Pickens DOT Com writes "Bloomberg reports that 23andMe Inc., the Google-backed DNA analysis company, has been told by US regulators to halt sales of its main product, the Saliva Collection Kit and Personal Genome Service, or PGS that tells users whether they carry a disease, are at risk of a disease and would respond to a drug because the kit is being sold without FDA's marketing clearance or approval. 'FDA is concerned about the public health consequences of inaccurate results from the PGS device,' says the agency. 'The main purpose of compliance with FDA's regulatory requirements is to ensure that the tests work.' 23andMe was founded six years ago by Anne Wojcicki, who recently separated from her husband, Google co-founder Sergey Brin. The FDA decided in 2010 that services claiming to evaluate a customer's risk of disease must be cleared by regulators if the companies sell directly to consumers. Most FDA-cleared genetic tests are for a single disease while 23andMe's would be the first to test for multiple conditions. 23andMe submitted FDA applications in July and September of 2012 for the least stringent of two types of medical device reviews but the FDA said the company failed to address 'the issues described during previous interactions'."

Hugh Pickens DOT Com writes "John Sutter writes at CNN that as Swiss citizens vote on November 24 to consider capping executive pay at 12 times what the lowest-paid worker at a company makes in a referendum. Some say the idea of tethering top executive pay to some sort of concrete metric might stop American execs from floating further into the stratosphere. 'Here in America, the land of unequal opportunity, the CEOs of top-500 companies make in a single day about what it takes an average "rank-and-file" worker a year to earn, according to the AFL-CIO, the federation of unions,' writes Sutter. 'Democracy starts to unravel if a few people become wildly, ethereally successful, while the rest of a country struggles.' A $1 million salary worked for American CEOs from the 1930s to 1980s, says Lynn Stout. But CEO pay, including options realized that year, jumped about 875%, to $14.1 million, from 1978 to 2012, according to the Economic Policy Institute. 'What we've got is basically an arms race,' Stout says, 'where the CEOs are competing on pay because they each want to have higher status than the others.' Peter Drucker, the father of business management, famously said the CEO-to-worker salary ratio should not exceed 20:1, which is what existed in the United States in 1965. Beyond that, managers will see an increase in 'resentment and falling morale,' said Drucker. Stout has suggested that the IRS make CEO pay a non-deductible business expense when it's higher than 100 times the minimum wage. 'Limiting CEO pay to 100 times the minimum wage would still allow top execs to be millionaires,' concludes Sutter. 'And here's the best part: If the fat cats wanted a pay increase, maybe the best way for them to get it would be to throw political weight behind a campaign to boost the minimum wage.'"

Daniel_Stuckey writes "Congress held its first-ever hearing on virtual currencies this afternoon, and it may have been the best PR boost bitcoin's had yet. The tone at the hearing held before the Senate Homeland Security and Government Affairs Committee was overwhelmingly positive as the panel weighed the risks of the technology that grew out of the criminal underbelly of the web, with the potential economic value of the now-booming futurist money. The prevailing sentiment over the two-hour deep dive into the pros and cons of the digital coins boils down to this: We need to uphold America's position as center of technical innovation by welcoming the new currency—but that that can't be done without government safeguards and regulations." SonicSpike wrote in with a link to another report in Bloomberg. The Federal Reserve has no plans to regulate Bitcoin (lacking regulatory authority), but the SEC chair wrote "Regardless of whether an underlying virtual currency is itself a security, interests issued by entities owning virtual currencies or providing returns based on assets such as virtual currencies likely would be securities and therefore subject to our regulation."

mdsolar writes with this excerpt from Bloomberg News: "Arizona will permit the state's largest utility to charge a monthly fee to customers who install photovoltaic panels on their roofs, in a closely watched hearing that drew about 1,000 protesters and may threaten the surging residential solar market. The Arizona Corporation Commission, which regulates utilities in the state, agreed in a 3-to-2 vote at a meeting [Thursday] in Phoenix that Arizona Public Service Co. may collect about $4.90 a month from customers with solar systems. Arizona Public is required to buy solar power from customers with rooftop panels, and the commission agreed with its argument that the policy unfairly shifts some of the utility's costs to people without panels. Imposing a fee designed to address this issue may prompt power companies in other states to follow suit, and will discourage some people from installing new systems, according to the Sierra Club."

mdsolar writes in with news about a new wind-energy project off the coast of Fukushima. "A project to harness the power of the wind about 20 kilometers (12 miles) off the coast of Fukushima, site of the March 2011 nuclear disaster, began generating power on an operational basis today. The project, funded by the government and led by Marubeni Corp. (8002), is a symbol of Japan's ambition to commercialize the unproven technology of floating offshore wind power and its plan to turn quake-ravaged Fukushima into a clean energy hub. 'Fukushima is making a stride toward the future step by step,' Yuhei Sato, governor of Fukushima, said today at a ceremony in Fukushima marking the project's initiation. 'Floating offshore wind is a symbol of such a future.'"

An anonymous reader writes "An Apple insider who asked not to be identified because the information is classified told Bloomberg that Apple's next iPhone models will come with curve displays and enhanced touchscreen sensors that can detect heavy and light touches. The two models -- 4.7-inches and 5.5-inches -- would be Apple's largest iPhones. Apple is still developing the two models and the person disclosed that Apple could launch the devices in the third quarter of next year."

Hugh Pickens DOT Com writes "Matthew Philips writes at Bloomberg that US Secretary of State John Kerry landed in Geneva on Friday to begin negotiations with Iran over its nuclear weapons program and there is sudden optimism that a deal is in the offing. But the simple fact is that Iran would not be coming to the negotiating table without the US oil boom. Over the last two years, the US has increased its crude production by about 2 million barrels a day. According to a recent report from the Congressional Research Service (pdf), Iran's oil exports have been cut in half since 2011 (PDF), from 2.5 million barrels per day to a bit more than 1 million today. As a result, Iran has had to halt an equal amount of production. 'I think it's pretty clear that without the U.S. shale revolution, it never would have been possible to put this kind of embargo on Iran,' says Julius Walker. 'Without US production gains, I think we'd be looking at $150 a barrel.' Instead, international prices have hovered around $110, and are less than $100 in the US. According to data from Bloomberg, the combined carrying capacity of oil tankers leaving Iranian ports last month dropped 22 percent from September. 'They're having a very hard time finding buyers,' says Walker. If a deal gets done, the trick will be to ease Iranian oil back onto the broader market without disrupting prices. If not managed properly, flooding the market with Iranian crude could carry its own negative consequences by suddenly making fracked oil in the US unprofitable."

Nerval's Lobster writes "A new Bloomberg report suggests that Stephen Elop, who's apparently on the short list of candidates to replace Steve Ballmer as Microsoft's CEO, would eliminate company projects such as Xbox and Bing while focusing resources on Office. Before he left Microsoft to join Nokia, Elop headed Microsoft's Business Division, so it's no surprise he'd want to focus on Office and the company's other, highly profitable enterprise software. But as head of Nokia, Elop made similarly bold strategic realignments that, while they probably looked good on paper, didn't quite work out. Specifically, Elop decided to abandon Nokia's popular homegrown operating systems, including Symbian, in favor of Microsoft's Windows Phone. That caused Nokia's share of the overall mobile-device market to dive into the single digits. At the time, Elop insisted he made the decision because Symbian and its ilk were incapable of competing in the broader market against Android and iOS; revelations by the Finnish media over the past few months, however, suggest that he'd been offered a generous cash incentive for selling off the company, which gives his 'strategic realignment' (which everyone knew would initially collapse Nokia's market-share, as its product pipeline emptied out) a whiff of self-interest. So while it's likely that a Microsoft run by Elop would make some decisive moves, his previous attempt at game-changing quickly transformed Nokia from a communications powerhouse into a second-tier competitor and (eventually) a Microsoft subsidiary. And by eliminating Bing and Xbox, Microsoft would be giving up completely on the search and gaming markets in favor of becoming more of an enterprise-centric company—something that could please analysts mostly interested in the company's bottom line, but basically an admission of defeat in the consumer realm."

UnknowingFool writes "Blockbuster announced that it will close its remaining 300 U.S. locations by January and discontinue the DVD by mail service. Before being bought out by Dish, the chain was slowly closing locations. Dish's CEO said, 'This is not an easy decision, yet consumer demand is clearly moving to digital distribution of video entertainment.' From an all-time high of 9,000 locations in 2004, the chain has fallen on hard times and had emerged from bankruptcy in 2011."

Daniel_Stuckey writes "According to a Bloomberg report, Canadian oil sands giant Suncor, which is "Canada's largest energy company by market value," is currently testing haul trucks that are run by computers. Extracting bitumen from sands requires first digging up an enormous amount of the sand itself, with about two tons of sands required to produce one barrel of oil. Digging up all of that sand is the job of huge excavators, which then offload into gigantic haul trucks that transport sands to extraction plants. Time is money, and in this case being faster means carrying as much sand as possible. Haul trucks can carry hundreds of tons at a time, and are in constant motion, moving back and forth between excavator and extraction plant."

McGruber writes "The U.S. government fined Infosys $35 million after an investigation by the Department of Homeland Security and the State Department found that the Indian company used inexpensive, easy-to-obtain B-1 visas meant to cover short business visits — instead of harder-to-get H-1B work visas — to bring an unknown number of its employees for long-term stays. The alleged practice enabled Infosys to undercut competitors in bids for programming, accounting and other work performed for clients, according to people close to the investigation. Infosys clients have included Goldman Sachs Group, Wal-Mart Stores Inc. and Cisco Systems Inc. Infosys said in an email that it is talking with the U.S. Attorney's office, 'regarding a civil resolution of the government's investigation into the company's compliance' with employment-record 'I-9 form' requirements and past use of the B-1 visa. A company spokesman, who confirmed a resolution will be announced Wednesday, said Infosys had set aside $35 million to settle the case and cover legal costs. He said the sum was 'a good indication' of the amount involved."

Chris453 writes "In August 2013, President Obama issued a veto to an import ban of the iPhone 4S after Samsung won several court battles against Apple claiming that the iPhone 4S violated several of Samsung's patents. A few months ago, Samsung was on the receiving end of a very similar case filed by Apple. The International Trade Commission decided that several of Samsung's phones (Transform, Acclaim, Indulge, and Intercept models) violated Apple's patents, and should face import bans. Despite the similarities between the two cases, the Obama administration today announced that it would not veto the International Trade Commission import ban against Samsung products. The move that could spark a trade dispute between the U.S. and South Korea."

quantr draws your attention to a Bloomberg report that Microsoft has reached out to HTC to see if the company would be interested in adding Windows as a second OS to its Android handsets. From the Bloomberg story: "Its willingness to add Windows as a second operating system underscores the lengths to which Microsoft will go to get manufacturers to carry its software. HTC, the first company to make both Windows and Android phones, hasn’t unveiled a new Windows-based handset since June and has no current plans to release any more, said one person. Microsoft, with 3.7 percent of the market, is finding it necessary to make concessions after agreeing to acquire Nokia Oyj’s handset unit, which competes with other smartphone makers. [Microsoft operating systems head Terry] Myerson was planning to visit Asia this month and meet with senior executives at Taoyuan, Taiwan-based HTC to discuss his proposal, one of the people said."

cold fjord writes with this Business Week report: "LinkedIn Corp. ... was sued by customers who claim the company appropriated their identities for marketing purposes by hacking into their external e-mail accounts and downloading contacts' addresses. The customers, who aim to lead a group suit against LinkedIn, asked a federal judge in San Jose, California, to bar the company from repeating the alleged violations and to force it to return any revenue stemming from its use of their identities to promote the site ... 'LinkedIn's own website contains hundreds of complaints regarding this practice,' they said in the complaint filed Sept. 17. ... LinkedIn required the members to provide an external e-mail address as their username on its site, then used the information to access their external e-mail accounts when they were left open ... 'LinkedIn pretends to be that user and downloads the e-mail addresses contained anywhere in that account to LinkedIn's servers,' they said. 'LinkedIn is able to download these addresses without requesting the password for the external e-mail accounts or obtaining users' consent.'" "This puts an interesting twist on LinkedIn's recent call for transparency," adds cold fjord. (More at Bloomberg.)

cagraham writes with this excerpt from Technology Advice: "In an interview with Bloomberg, CEO Mark Bartels says that StumbleUpon is now profitable, and expects to grow their revenue by 33% this year, up to $40 million. The service has been around since 2001, was briefly owned by eBay,and earlier this year cut its staff from 120 to 70. According to Bartels, a huge increase in mobile usage has led to the turn-around, and they now have over 100,000 advertising clients. Still, they didn't provide any hard profit numbers to Bloomberg, so you'll have to take them on their word that they've successfully monetized."

jones_supa writes with an update on the Microsoft purchase of Nokia. From the article: "Stephen Elop, the former Nokia Oyj chief executive officer who is rejoining Microsoft, is set to get more than $25 million if the Finnish company completes the sale of its handset business to the software maker. Microsoft will pay 70 percent of the projected total amount of about 18.8 million euros ($25.5 million), and Nokia the remainder, according to a proxy filing by Nokia today. The value of Elop's reward is estimated using Nokia's Sept. 6 closing share price and may still change. Nokia shares have dropped by more than a third since Elop was hired on Sept. 10, 2010, even with the stock's gain since the sale to Microsoft was announced. Nokia shareholders are set to vote on the transaction Nov. 19. Elop will move back to Microsoft as part of the $7.2 billion takeover. He is also a candidate to succeed Microsoft CEO Steve Ballmer."

cartechboy writes "Follow the thinking for a second. Google drops $258 million into the car-taxi app Uber. Google says it will make self-driving cars available within four years, based on its ground-breaking research into self-driving cars. Tesla CEO Elon Musk has spoken with Google about driverless technology for future Tesla vehicles. So, are we watching the assembly of a massive driverless taxi service of the future? Battery-electric vehicles make excellent autonomous taxis (very few moving parts, low per-mile energy cost, and zero noise or emissions) Could Google use some of its cash hoard to buy Tesla outright (making Elon Musk its third largest shareholder in the process), then grab Uber and turn the whole thing into an app? Musk's goal has always been to transform the very nature of transportation. This might just do that."

Exxon has been charged with illegally dumping over 50,000 gallons of wastewater at a shale-gas drilling site in Pennsylvania. From the article: 'Exxon unit XTO Energy Inc. discharged the water from waste tanks at the Marquandt well site in Lycoming County in 2010, according to a statement on the website of Pennsylvania’s attorney general. The pollution was found during an unannounced visit by the state’s Department of Environmental Protection. The inspectors discovered a plug removed from a tank, allowing the wastewater to run onto the ground, polluting a nearby stream. XTO was ordered to remove 3,000 tons of soil to clean up the area. Wastewater discharged from natural-gas wells can contain chlorides, barium, strontium and aluminum, the attorney general’s statement showed. “Criminal charges are unwarranted and legally baseless,” the XTO unit said yesterday in a statement posted on its website. “There was no intentional, reckless or negligent misconduct by XTO.”'

"Taking a drag from an e-cigarette may be just as safe and effective as slapping on a nicotine patch for smokers struggling to quit, according to the first physician-run trial to compare the two products." That's according to research recently published in The Lancet (PDF) and reported by Bloomberg. Why is this significant? From the article: "If European and U.S. regulators treat e-cigarettes as medical devices, yet leave cigarettes on general sale, tobacco makers 'will retain their market monopoly, and we will never learn whether e-cigarettes would replace traditional cigarettes if allowed to continue evolving and competing with smoked tobacco on even terms,' [wrote clinical psychology professor Peter Hajek]. The results will also be presented today at the European Respiratory Society’s annual meeting in Barcelona. E-cigarettes have taken Europe and the U.S. by storm. In France, there are more than 1 million regular users, according to a government-commissioned report published in May. Sales worldwide will probably approach $2 billion by the end of this year and top $10 billion by 2017, according to a forecast by Wells Fargo & Co."

mdsolar sends this quote from Bloomberg: "More than 50 years into the age of nuclear energy, one of the biggest growth opportunities may be junking old reactors. Entergy Corp. (ETR) said Aug. 27 it will close its 41-year-old Vermont Yankee nuclear plant in 2014, making the reactor the fifth unit in the U.S. marked for decommissioning within the past 12 months, a record annual total. Companies that specialize in razing nuclear plants and hauling away radioactive waste are poised to benefit. Disposal work is 'where companies are going to make their fortune,' Margaret Harding, an independent nuclear-industry consultant based in Wilmington, North Carolina, said in an phone interview. Contractors that are usually involved in building reactors ... 'are going to be looking very hard at the decommissioning side of it.' [T]he U.S. nuclear fleet of 104 units is shrinking, even as Southern Co. and Scana Corp. build two units each. ... During a reactor decommissioning, the plant operator transfers radioactive fuel rods to cooling pools and, ultimately, to so-called dry casks for storage. Workers clean contaminated surfaces by sandblasting, chemical sprays and hydrolasing, a process that involves high-pressure water blasts, according to King. 'You do get to a point that you need someone to come in that has the equipment and the technology to actually dismantle the components,' she said. 'That typically is hired out.'"

Hugh Pickens DOT Com writes "Cass R. Sunstein writes at Bloomberg that an understanding of human psychology — specifically, what human beings fear and what they do not — helps to explain why nations haven't insisted on more significant emissions reductions even as scientists warn that if the world continues on its current course, we will face exceedingly serious losses and threats including a significant rise in sea levels by century's end. First, people tend to be especially focused on risks or hazards that have an identifiable perpetrator, and for that reason produce outrage. 'Warmer temperatures are a product not of any particular human being or group, but the interaction between nature and countless decisions by countless people. There are no obvious devils or demons — no individuals who intend to create the harms associated with climate change.' The second obstacle is that people tend to evaluate risks by way of 'the availability heuristic,' which leads them to assess the probability of harm by asking whether a readily available example comes to mind. For example, an act of terrorism is likely to be both available and salient, and hence makes people fear that another such event will occur. A recent crime or accident can activate attention and significantly inflate people's assessment of risk. Finally, human beings are far more attentive to immediate threats than to long-term ones. They may neglect the future, seeing it as a kind of foreign country, one they may not ever visit. For this reason, they might fail to save for retirement, or they might engage in risk-taking behavior such as smoking or unhealthy eating that will harm their future selves. 'All the obstacles are daunting skepticism about the science, economic self-interest, and the difficulties of designing cost-effective approaches and obtaining an international agreement,' concludes Sunstein, 'But the world is unlikely to make much progress on climate change until the barrier of human psychology is squarely addressed.'"

coondoggie writes "Talk about starting a business on shaky ground. The Manhattan District Attorney's office says former Wall Street traders stole electronic trading source code and data from their then trading firm in an effort to start up their own financial business." Sending yourself pilfered code through your company email account is probably not the wisest plan.

Google has captured lots of attention with its municipal fiber efforts in Kansas City and Austin; Amazon, say some anonymous sources, is experimenting with a networking project of its own (distinct from its Whispernet 3G content delivery service) to connect users' devices to the internet. Rather than fiber, though, Amazon's tests involve spectrum controlled by satellite communications company Globalstar Inc., according to sources "who asked not to be identified because the test was private. ... Amazon continually tries various technologies, and it’s unclear if the wireless network testing is still taking place, said the people. The trial was in the vicinity of Amazon’s Lab126 research facilities in Cupertino, the people said. Lab126 designs and engineers Kindle devices."

An anonymous reader writes "The New York Times announced this morning that it has sold the Boston Globe newspaper and related assets, including the Boston.com website and the Worcester Telegram & Gazette daily paper, to John Henry, the principal owner of the Boston Red Sox. The price was $70 million in cash, a small fraction of the $1.1 billion the Times paid to acquire the Globe in 1993, and does not include assumption of the Globe's pension liabilities, estimated at $110 million, which will remain with the Times. Since then the paper's weekday circulation has fallen from 507,000 to 246,000 (including digital), mirroring the declining fortunes of many other daily newspapers across the country. Henry, who also owns the Liverpool FC and various other sports- and media- related properties, made his fortune in the investment industry; however, his hedge fund company recently closed after several years of poor performance."

Nerval's Lobster writes "Microsoft has earned $853 million from sales of its Surface tablets, according to the company's annual Form 10-K filed with the SEC. That's a bit of a disaster, to put it bluntly. Earlier estimates put Surface sales at roughly 1.5 million units; the $853 million figure reinforces that projection. By comparison, Apple sold 14.6 million iPads in its last quarter alone. Adding insult to injury, Microsoft spent quite a bit producing and marketing Surface. The Windows division's 'cost of revenue increased $1.8 billion, reflecting a $1.6 billion increase in product costs associated with Surface and Windows 8, including a charge for Surface RT inventory adjustments of approximately $900 million,' read the Form 10-K. 'Sales and marketing expenses increased $1.0 billion or 34 percent, reflecting an $898 million increase in advertising costs associated primarily with Windows 8 and Surface.' Overall, Microsoft's Windows division earned $19.2 billion in its fiscal 2013."

An anonymous reader writes "One of the arguments for continuing and even expanding the H1-B visa program (pdf) is that it enables highly-skilled immigrants to work in the U.S. and grow the U.S. economy. Counterarguments state that the H1-B visa program does not bring in the 'best and brightest' and is used to drive down wages, particularly in the STEM fields. This Bloomberg article, discussing pending H1-B legislation, quotes some of the salaries of current workers in the U.S. on H1-B visas: $4,800/month and $5,500/month which work out to $57,600/year and $66,000/year; only slightly higher than the average entry-level salaries of newly-graduated engineering or computer science majors."