Slashdot Mirror

Zorro shares a report: Commuters inching through rush-hour traffic in the Holland Tunnel between Lower Manhattan and New Jersey don't know it, but a technology likely to be the future of communication is being tested right outside their car windows. Running through the tunnel is a fiber-optic cable that harnesses the power of quantum mechanics to protect critical banking data from potential spies.

The cable's trick is a technology called quantum key distribution, or QKD. Any half-decent intelligence agency can physically tap normal fiber optics and intercept whatever messages the networks are carrying: They bend the cable with a small clamp, then use a specialized piece of hardware to split the beam of light that carries digital ones and zeros through the line. The people communicating have no way of knowing someone is eavesdropping, because they're still getting their messages without any perceptible delay.

QKD solves this problem by taking advantage of the quantum physics notion that light -- normally thought of as a wave -- can also behave like a particle. At each end of the fiber-optic line, QKD systems, which from the outside look like the generic black-box servers you might find in any data center, use lasers to fire data in weak pulses of light, each just a little bigger than a single photon. If any of the pulses' paths are interrupted and they don't arrive at the endpoint at the expected nanosecond, the sender and receiver know their communication has been compromised.

schwit1 shared an interesting article from Bloomberg: Though genetic tests are frequently marketed as family-friendly entertainment, they sometimes wind up surfacing life-altering surprises. And when those surprises show up in someone's test results, the first move is often a call to customer service.... At 23andMe, those types of calls are so frequent that preparing for them is integrated into the company's months-long training program.... "We always try to steer the conversation toward the data, tell them that this is science," said Kent Hillyer, head of customer care for the genetic-testing firm 23andMe...

Lindsay Grove, a customer-care representative at 23andMe, still remembers one call in particular years later, a dad who took the test only to find out that his child was not, in fact, his child. At first, like most, he was just trying to figure out whether the results were accurate. So Grove explained the science behind the data. The customer then became somber and quiet. He questioned whether he should talk to his wife, and, if he did, how.... "That process of figuring out what to do next is very difficult for customers...."

Such emotional calls can take a toll on employees, too. That's perhaps inevitable when technology interfaces with such sensitive, personal information.... At 23andMe, Hillyer often encourages representatives to go for a walk after an intense call, or cracks open a bottle of wine to help them decompress. "We kind of do these internal therapy sessions,'' he said. "Here, maybe more so than most places, you have to be really supportive of each other."

schwit1 shared this article from Bloomberg: Brain scans of adolescents who are heavy users of smartphones, tablets and video games look different from those of less active screen users, preliminary results from an ongoing study funded by the National Institutes of Health show, according to a report on Sunday by "60 Minutes." That's the finding of the first batch of scans of 4,500 nine- to 10-year-olds. Scientists will follow those children and thousands more for a decade to see how childhood experiences, including the use of digital devices, affect their brains, emotional development and mental health.

In the first round of testing, the scans of children who reported daily screen usage of more than seven hours showed premature thinning of the brain cortex, the outermost layer that processes information from the physical world.... Early results from the $300 million study, called Adolescent Brain Cognitive Development (ABCD), have determined that children who spend more than two hours of daily screen time score lower on thinking and language tests. A major data release is scheduled for early 2019.
The study's director cautions that "It won't be until we follow them over time that we will see if there are outcomes that are associated with the differences that we're seeing in this single snapshot."

The study will ultimately follow over 11,000 nine- to 10-year-olds for a decade.

"Bitcoin miners hit hard by the cryptocurrency's crash may be throwing in the towel," reports Bloomberg: The Bitcoin network's hash rate, one way of gauging the computing power dedicated to mining the digital currency, dropped about 24 percent from an all-time high at the end of August through Nov. 24, according to Blockchain.com. While the decline may have partially resulted from miners switching to other cryptocurrencies, JPMorgan Chase & Co. says some in the industry are losing money after Bitcoin's price tumbled. "This suggests that prices have declined to a point where mining is becoming uneconomical for some," JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a Nov. 23 report, in reference to the falling hash rate...

The break-even cost to mine a single Bitcoin using Bitmain's Antminer S9 rig was estimated at $7,000 in a Nov. 16 report by Fundstrat Global Advisors, though the level is probably lower for some miners with access to cheap electricity and equipment... A big miner shakeout could be bad news for chipmakers including Taiwan Semiconductor Manufacturing Co. and Nvidia Corp. who supply the industry, along with mining-rig designers like Bitmain Technologies Ltd. that are pursuing initial public offerings.
The price of bitcoin dropped 37.4% just in the month of November -- its worst monthly decline in seven years, since August 2011 when it fell from roughly $8 to $4.80. And the decline in bitcoin also dragged down 24 of the top 25 largest cryptocurrencies, reports CoinDesk. "What's more, the average performance of the top 10 cryptocurrencies by market capitalization was -30 percent, while the average performance of all 25 was -37 percent..."

"The total capitalization of the cryptocurrency market has now lost over $690 billion and 83 percent of its value since reaching its all time high north of $820 billion this past January, according to CoinMarketCap."

Zorro shares a report: Silicon Valley researchers are attacking flying bloodsuckers in California's Fresno County. It's the first salvo in an unlikely war for Google parent Alphabet: eradicating mosquito-borne diseases around the world. A white high-top Mercedes van winds its way through the suburban sprawl and strip malls as a swarm of male Aedes aegypti mosquitoes shoot out of a black plastic tube on the passenger-side window. These pests are tiny and, with a wingspan of just a few millimeters, all but invisible. "You hear that little beating sound?" says Kathleen Parkes, a spokesperson for Verily Life Sciences, a unit of Alphabet. She's trailing the van in her car, the windows down. "Like a duh-duh-duh? That's the release of the mosquitoes."

Jacob Crawford, a Verily senior scientist riding with Parkes, begins describing a mosquito-control technique with dazzling potential. These particular vermin, he explains, were bred in the ultra-high-tech surroundings of Verily's automated mosquito rearing system, 200 miles away in South San Francisco. They were infected with Wolbachia, a common bacterium. When those 80,000 lab-bred Wolbachia-infected, male mosquitoes mate with their counterpart females in the wild, the result is stealth annihilation: the offspring never hatch. Better make that 79,999. "One just hit the windshield," says Crawford. Mosquito-borne disease eradication is serious stuff for Alphabet, though it is just one of many of the company's forays into health care and life sciences.

Long-time Slashdot reader Zorro shared this article from Bloomberg: Not long before he died, tech visionary Paul Allen traveled to the south of France for a personal tour of a 35-country quest to replicate the workings of the Sun. The goal is to one day produce clean, almost limitless energy by fusing atoms together rather than splitting them apart. The Microsoft Corp. co-founder said he wanted to view the early stages of the International Thermonuclear Experimental Reactor in Cadarache firsthand, to witness preparations "for the birth of a star on Earth." Allen wasn't just a bystander in the hunt for the holy grail of nuclear power. He was among a growing number of ultra-rich clean-energy advocates pouring money into startups that are rushing to produce the first commercially viable fusion reactor long before the $23 billion ITER program's mid-century forecast. Jeff Bezos, Bill Gates and Peter Thiel are just three of the billionaires chasing what the late physicist Stephen Hawking called humankind's most promising technology.

Scientists have long known that fusion has the potential to revolutionize the energy industry, but development costs have been too high for all but a handful of governments and investors. Recent advances in exotic materials, 3D printing, machine learning and data processing are all changing that. "It's the SpaceX moment for fusion," said Christofer Mowry, who runs the Bezos-backed General Fusion Inc. near Vancouver, Canada. He was referring to Elon Musk's reusable-rocket maker. "If you care about climate change you have to care about the timescale and not just the ultimate solution. Governments aren't working with the urgency needed."

The company Allen supported, TAE Technologies, stood alone when it was incorporated as Tri-Alpha Energy two decades ago. Now it has at least two dozen rivals, many funded by investors with a track record of disruption. As a result, there's been an explosion of discoveries that are driving the kind of competition needed for a transformational breakthrough, according to Mowry.
The article reports one fusion company founded last year by six MIT professors is "confident they'll be able to produce a prototype of a so-called net energy reactor by 2025."

Tech cities and their high housing prices are apparently now driving up home prices in other states. An anonymous reader quotes Bloomberg: For some Californians, the state's punishing housing costs, high taxes, and constant threat of natural disaster have all become too much... In the second quarter, only 26 percent of homebuyers in the state could afford to purchase a median-price single-family house, which was almost $600,000, according to the California Association of Realtors... They're making their escape to areas such as Boise, Phoenix, and Reno, Nevada, fueling some of the biggest home-price gains in the country... Almost 143,000 more people left the state than arrived from elsewhere in the U.S. in 2016....

Boise is becoming an alternative to traditional havens for Californians such as Portland and Seattle that have also gotten too pricey, says Glenn Kelman, chief executive officer of Redfin Inc., a national real estate brokerage that recently opened a Boise outpost. About 29 percent of the Idaho capital's home-listing views are from Californians, according to Realtor.com... In Nevada, where Californians make up the largest share of arrivals, prices jumped 13 percent in August, the biggest increase for any state, according to CoreLogic Inc. data. It was followed closely by Idaho, with a 12 percent gain...

[Boise]'s been particularly attractive to Californians, who accounted for 85 percent of net domestic immigration to Idaho, according to Realtor.com's analysis of 2016 Census data... The median existing-home price in Boise's home of Ada County was $299,950 last month -- up almost 18 percent from a year earlier, but still about half California's. The influx is great news for people who already own homes in the area, says Danielle Hale, chief economist for Realtor.com. "But if you're a local aspiring to homeownership, it feels very much that Californians are bringing high prices with them."

Seattle's increase in the minimum wage "brought benefits to many workers employed at the time, while leaving few employed workers worse off," reports the New York Times -- citing a new study by the same researchers who'd claimed last year that workers were hurt by the wage increase.

"The dire warnings about minimum-wage increases keep proving to be wrong," argues a Bloomberg columnist, in an article shared by gollum123: The authors behind an earlier study predicting a negative impact have all-but recanted their initial conclusions. However, the authors still seem perplexed about why they went awry in the first place.... The increase was an "economic death wish" that was going to tank the expansion and kill jobs, according to the sages at conservative think tanks... Despite their dire forecasts, not only were new restaurants not closing, they were in fact opening; employment in food services and drinking establishments has soared...

As we noted in 2017, the study's fatal flaw was that its analysis excluded large multistate businesses with more than one location. When thinking about the impact of raising minimum wages, one can't simply omit most of the biggest minimum-wage employers in the region, such as McDonald's and other fast-food chains, or Wal-Mart and other major retailers... There were two other glaring defects in the first study that are worth mentioning. The first is that its findings contradicted the vast majority research on minimum wages. As was demonstrated back in 1994 by economists Alan Krueger and David Card, modest, gradual wage increases have not been shown to reduce employment or hours worked in any significant way. Ignoring that body of research without a very good reason made the initial University of Washington study questionable at best. Second, there potentially is a problem with having a lead researcher -- economist Jacob Vigdor, whose affiliations among others include the right-leaning Manhattan Institute -- whose impartiality is open to question. Long-time Slashdot reader Martin S. writes that "When the UK introduced the minimum wage we had the same doom and gloom scenarios," adding that "the reality was very different." He argues that increasing the minimum wage "increased productivity so business did not suffer, reduced government spending on benefits, and increased the the velocity of money improving the overall economy.

"It had no measurable effect on unemployment."

Zorro shares a report from BloombergQuint: The Great Crypto Crash of 2018 looks more and more like one for the record books. As virtual currencies plumbed new depths on Wednesday, the MVIS CryptoCompare Digital Assets 10 Index extended its collapse from a January high to 80 percent. The tumble has now surpassed the Nasdaq Composite Index's 78 percent peak-to-trough decline after the dot-com bubble burst in 2000. Like their predecessors during the Internet-stock boom almost two decades ago, cryptocurrency investors who bet big on a seemingly revolutionary technology are suffering a painful reality check, particularly those in many secondary tokens, so-called alt-coins.

"It just shows what a massive, speculative bubble the whole crypto thing was -- as many of us at the time warned," said Neil Wilson, chief market analyst in London for Markets.com, a foreign-exchange trading platform. "It's a very likely a winner takes all market -- Bitcoin currently most likely." Wednesday's losses were led by Ether, the second-largest virtual currency. It fell 6 percent to $171.15 at 7:50 a.m. in New York, extending this month's retreat to 40 percent. Bitcoin was little changed, while the MVIS CryptoCompare index fell 3.8 percent. The value of all virtual currencies tracked by CoinMarketCap.com sank to $187 billion, a 10-month low. "Crypto bulls dismiss negative comparisons to the dot-com era by pointing to the Nasdaq Composite's recovery to fresh highs 15 years later, and to the internet's enormous impact on society," reports BloombergQuint. "They also note that Bitcoin has rebounded from past crashes of similar magnitude. But even if the optimists prove right and cryptocurrencies eventually transform the world, this year's selloff has underscored that progress is unlikely to be smooth."

An anonymous reader quotes a report from Quartz: Despite its increased focus on India, Apple is all set to see a slower year-on-year growth in iPhone sales in the country in 2018. "iPhone India sales were weak in the first half of 2018, and even if they show a big jump in the traditionally strong second half, Apple will still fall short of last year," Neil Shah, research director at market analytics firm Counterpoint Research, told Bloomberg. Apple has been struggling in India for some time now. In the year ended March 2017, its revenue growth fell to 17%, compared to 53% a year ago. This six-year-low growth was mainly due to a high base and a drop in the average selling price of each phone. Apple's biggest struggle in India has been its high price points. iPhones cost between Rs35,000 ($500) and Rs80,000 ($1,100) in India, compared to the average smartphone price of $157 in the country.

Amid all this, the company is seeing a massive churn in its India leadership. Last December, India head Sanjay Kaul quit after a six-year stint. The company has now reportedly lost three more of its top executives, Bloomberg reported on July 15: national sales and distribution chief, Rahul Jain; head of commercial channels Jayant Gupta, and head of telecom carrier sales, Manish Sharma. The company is also overhauling its India sales team, Bloomberg said, quoting unidentified sources.

An anonymous reader quotes Bloomberg: In 2004, one of the world's most popular social networks, Orkut, was founded by a former Google employee named Orkut Buyukkokten... Orkut was shut down by Google in 2014, but in its heyday, the network had hit 300 million users around the world... "Hello.com is a spiritual successor of Orkut.com," Buyukkokten told BloombergQuint... "People have lost trust in social networks and the main reason is social media services today don't put the users first. They put advertisers, brands, third parties, shareholders before the users," Buyukkokten said. "They are also not transparent about practices. The privacy policy and terms of services are more like black boxes. How many users actually read them?"

Buyukkokten said users need to be educated about these things and user consent is imperative in such situations when data is shared by such platforms. "On Hello, we do not share data with third parties. We have our own registration and login and so the data doesn't follow you anywhere," he said. "You don't need to sell user data in order to be profitable or make money."

An anonymous reader shares a report: Wind power prices fell to its lowest and below the cheapest solar tariffs in the fourth round of auctions, putting more pressure on turbine makers as developers are expected to negotiate already-falling equipment prices. State-run Gujarat Urja Vikas Nigam Ltd. auctioned 500-megawatt of grid-connected projects at as low as Rs 2.43 (3.8 cents) a unit. That was quoted by Actis-backed Sprng Energy that bid for 197.5-megawatt capacity and KP Energy that won 30 MW. That's lower than the lowest solar power tariffs of Rs 2.44 a unit discovered in May and 8 percent lower than wind power prices discovered in earlier national auctions in October, according to Bloomberg New Energy Finance. A decline in auction tariffs will put the manufacturers under even more pressure to innovate and meet the price expectations of developers, Bloomberg New Energy Finance said. Falling tariffs may lead to discovery of even lower bids in the national wind auctions scheduled for January, it added. India aims to auction 28-gigawatt wind projects by March 2020 to take it closer to the total targeted capacity of 60 GW by 2022. That's part of the plan to install 175 GW renewable energy capacity by 2022.

An anonymous reader writes: BlackBerry has filed a patent-infringement lawsuit against Nokia, demanding royalties on the Finnish company's mobile network products that use an industrywide technology standard. Nokia's products including its Flexi Multiradio base stations, radio network controllers and Liquid Radio software are using technology covered by as many as 11 patents, BlackBerry said in a complaint filed in federal court in Wilmington, Delaware. The mobile network products and services are provided to companies including T-Mobile and AT&T for their LTE networks, BlackBerry said in the complaint. "Nokia has persisted in encouraging the use" of the standard- compliant products without a license from BlackBerry, it said.

A total of 32 lakh (3.2 million) debit cards across 19 banks could have been compromised on account of a purported fraud, the National Payment Corporation of India said in a statement. BloombergQuint adds: "The genesis of the problem was receipt of complaints from few banks that their customer's cards were used fraudulently mainly in China and USA while customers were in India," the NPCI said. "The complaints of fraudulent withdrawal are limited to cards of 19 banks and 641 customers. The total amount involved is Rs 1.3 crore as reported by various affected banks to NPCI." SISA Security, a Bengaluru-based company is currently undertaking a forensic study to identify the extent of the problem and will submit a final report in November. Initial reports had suggested that ATMs operated by Hitachi Payment Services had been attacked by malware and were the source of the breach. However, the company has said in a statement that an interim report by the audit agency does not suggest any breach or compromise in its systems.