Domain: washingtonpost.com
Stories and comments across the archive that link to washingtonpost.com.
Stories · 2,444
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Egyptian Forces Capture 3 Divers Trying To Cut Undersea Internet Cable
Egypt's Naval forces claim they have captured three scuba divers who were trying to cut an undersea Internet cable in the Mediterranean. Col. Ahmed Mohammed Ali said in a statement that the divers were caught while “cutting the undersea cable” of Telecom Egypt. Internet services have been disrupted since March 22 in Egypt. From the article: "The statement was accompanied by a photo showing three young men, apparently Egyptian, staring up at the camera in what looks like an inflatable launch. It did not have further details on who they were or why they would have wanted to cut a cable." -
Should Congress Telecommute?
schwit1 writes "Rep. Steve Pearce (R-N.M.) wants to create a 'virtual Congress,' where lawmakers would leverage videoconferencing and other remote work technology to conduct their daily duties in Washington from their home districts. Under a resolution Pearce introduced on Thursday, lawmakers would be able to hold hearings, debate and vote on legislation virtually from their district offices. The big loser would be the DC area and K Street in particular. The change would also be a double-edged sword for security." -
Meteor Streaks Over American East Coast
California doesn't get all the action; The Washington Post is one of many news outlets reporting that the east coast of North America got a good view of a meteor, with more than 300 sightings from Canada to Florida. Did you see it? If so, did you have your dashcam on? Update: 03/23 13:43 GMT by T : The meteor was captured at least by some security cameras, as reported by The Guardian. -
Possible Chemical Weapons Use In Syria
Hugh Pickens writes "Mike Hoffman reports that Syria's Assad regime has accused the rebels of launching a chemical weapons attack in Aleppo that killed 25 people — an accusation the rebel fighters have strongly rebuked. A Reuters photographer said victims he had visited in Aleppo hospitals were suffering breathing problems and that people had said they could smell chlorine after the attack. The Russian foreign ministry says it has enough information to confirm the rebels launched a chemical attack while U.S. government leaders say they have not found any evidence of a chemical attack. White House spokesman Jay Carney says the accusations made by Assad could be an attempt to cover up his own potential attacks. 'We've seen reports from the Assad regime alleging that the opposition has been responsible for use. Let me just say that we have no reason to believe these allegations represent anything more than the regime's continued attempts to discredit the legitimate opposition and distract from its own atrocities committed against the Syrian people,' said State Department spokeswoman Victoria Nuland. 'We don't have any evidence to substantiate the regime's charge that the opposition even has CW (chemical weapons) capability.' President Obama has said the 'red line' to which the U.S. would send forces to Syria would be the use of chemical weapons. However, it was assumed the Assad regime would be the ones using their chemical weapons stockpile, not the rebels." -
As US Cleans Its Energy Mix, It Ships Coal Problems Overseas
Hugh Pickens writes writes "Thomas K. Grose reports that the Environmental Protection Agency (EPA) estimates that greenhouse gas emissions in the US have fallen 8 percent from their 2007 peak to 6,703 million metric tons of CO2 equivalent, due largely to the drop in coal-fired electricity which in 2012 generated 37.4 percent of US electricity, down from 50 percent in 2005. But don't celebrate just yet. A major side effect of that cleaner air in the US has been the further darkening of skies over Europe and Asia as US coal producers have been shipping the most carbon-intensive fuel to energy-hungry markets overseas. US coal exports to China were on track to double last year and demand for US metallurgical coal, the high-heat content coking coal that is used for steelmaking, is so great in Asia that shipments make a round-the-world journey from Appalachia as they are sent by train to the port of Baltimore, where they steam to sea through the Chesapeake Bay, then south across the Atlantic Ocean and around Africa's Cape of Good Hope to reach Asian ports. The Tyndall Center study estimates that the burning of all that exported coal could erase fully half the gains the United States has made in reducing carbon emissions and if the trend continues, the dramatic changes in energy use in the United States — in particular, the switch from coal to newly abundant natural gas for generating electricity — will have only a modest impact on global warming, observers warn. 'Without a meaningful cap on global carbon emissions, the exploitation of shale gas reserves is likely to increase total emissions,' write Dr John Broderick and Prof Kevin Anderson. 'For this not to be the case, consumption of displaced fuels must be reduced globally and remain suppressed indefinitely; in effect displaced coal must stay in the ground (PDF).'" -
Rand Paul Launches a Filibuster Against Drone Strikes On US Soil
Hugh Pickens writes "The Washington Post reports that at about 11:45 am today, Kentucky Republican Rand Paul took the floor of the Senate to launch one of the chamber's rarest spectacles: a genuine filibuster. Paul says he is 'alarmed' at the lack of definition over who can be targeted by drone strikes. He called Attorney General Eric Holder's refusal to rule out drone strikes to kill an American on U.S. soil 'more than frightening,' adding, 'When I asked the president, can you kill an American on American soil, it should have been an easy answer. It's an easy question. It should have been a resounding, an unequivocal, "No." The president's response? He hasn't killed anyone yet. We're supposed to be comforted by that.' Any senator can opt to hold the floor to speak on any matter, but the practice of speaking for hours on end is rare, especially in the modern-day Senate, where the chamber's rules are used more often to block legislation or to hold show votes on trivial matters. Paul has since been joined in his symbolic effort by Republicans Sens. Mike Lee (Utah), Ted Cruz (Tex.), Jerry Moran (Kan.), Marco Rubio (Fla.) and Saxby Chambliss (Ga.). He has also gotten some bipartisan support from Democratic Sen. Ron Wyden (Ore.). Paul suggested that many college campuses in the 1960s were full of people who might have been considered enemies of the state. 'Are you going to drop a Hellfire missile on Jane Fonda?'" -
Researchers Describe First 'Functional HIV Cure' In an Infant
An anonymous reader writes in with news of a breakthrough in the treatment of HIV. "A baby born with the AIDS virus two years ago in Mississippi who was put on antiretroviral therapy within hours of birth appears to have been cured of the infection, researchers said Sunday at a scientific conference in Atlanta. Whether the cure is complete and permanent, or only partial and long-lasting, is not certain. Either way, the highly unusual case raises hope for the more than 300,000 babies born with the infection around the world each year." -
How the U.S. Sequester Will Hurt Science and Tech
Later today, the U.S. government will enter the sequestration process, a series of across-the-board budget cuts put into place automatically because U.S. politicians are bad at agreeing on things. "At that moment, somewhere in the bowels of the Treasury Department, officials will take offline the computers that process payments for school construction and clean energy bonds to reprogram them for reduced rates. Payments will be delayed while they are made manually for the next six weeks." The cuts will directly affect science- and tech-related spending throughout the country. Tom Levenson writes, '[s]equester cuts will strike bluntly across the scientific community. The illustrious can move a bit of money around, but even in large labs, a predictable result will be a reduction in the number of graduate student and post – doc slots available — and as those junior and early-stage researchers do a whole lot of the at-the-bench level research, such cuts will have an immediate effect on research productivity. The longer term risk is obvious too: fewer students and post-docs mean on an ongoing drop from baseline in the amount of work to be done year over year.' The former director of the National Institute of Health says it will set back medical science for a generation. NASA Administrator Charles Bolden has laid out how the cuts will affect the U.S. space program. He said, "The Congress wasn’t able to do what they were supposed to do, so we’re going to suffer." The sequester will also prevent billions of dollars from flowing into the tech industry. This comes at a time when there's a pressing need in the tech sector for professionals versed in the use of Linux, and salaries for those workers are on the rise. -
USPS To Launch Line of Smart Clothing
SpaceGhost writes "The Washington Post reports that the United States Postal Service has contracted with Wahconah Group, Inc. to produce a line of USPS-branded smart clothing. Per USPS Licensing manager Steven Mills 'This agreement will put the Postal Service on the cutting edge of functional fashion... The main focus will be to produce Rain Heat & Snow apparel and accessories using technology to create 'smart apparel' — also known as wearable electronics.' USPS Spokesman Roy Betts reports that the line will be found in premium department stores and specialty stores starting in 2014. The Washington Post points out that the USPS had done a similar retail line in the 1980s sold exclusively at Post Offices, but the line was discontinued after lobbyists complained of competition with the private sector." I hope it has hidden pockets for lost letters, and a loop for the package smashing mallet. -
Are Plastic Bag Bans Making People Sick?
theodp writes "A paper by Wharton's Jonathan Klick and Joshua Wright suggested that San Francisco's eco-friendly ban on plastic bags might actually be killing people. Klick and Wright found that food-borne illnesses in San Francisco increased 46% after the bag ban went into effect in 2007, with no such uptick in neighboring counties. Most likely, the authors concluded, this was due to the fact that people were putting their food into dirty reusable bags and not washing them afterward. But Tomas Aragon, an epidemiologist at UC Berkeley and health officer for the city of San Francisco, begs to differ, arguing that in order to establish a link between the bag ban and illnesses, the authors would have to show that the same people who are using reusable bags are also the ones getting sick. Aragon offers an alternative hypothesis for the recent rise in deaths related to intestinal infections, noting that a large portion of the cases in San Francisco involve C. difficile enterocolitis, a disease that's often coded as food-borne illness in hospitals which has become more common in lots of places since 2005, all around the U.S., Canada, and Europe (for yet-unexplained reasons). 'The increase in San Francisco,' he suggests, 'probably reflects this international increase.'" -
Residents Report Bright Streak Over Bay Area Friday Evening
The Chabot Space and Science Center has received numerous reports of a bright object flying through the sky in over northern California Friday night, as noted by The Washington Post, NBC, and others. According to NBC's version of the story "Chabot astronomers in Oakland said the meteor was not related to the asteroid passing near Earth. Gerald McKeegan, an astronomer at Chabot Space and Science Center in Oakland, said he did not see it, but based on accounts he thinks it was a 'sporadic meteor.' Sporadic meteors bring as much as 15,000 tons of space debris to Earth each year, according to McKeegan. He said it was likely smaller than another meteor that landed in the Bay Area in October, which caused a loud sonic boom as it fell." The eyewitness accounts make it sound pretty spectacular, though; too bad we don't have quite as many dashcams going as there are in Russia. -
President Obama Calls For New 'Space Race' Funding
New submitter dmfinn writes "While his union address covered a wide range of topics, President Obama made sure not to skip over the U.S.'s space program. The talking point was nearly identical to the one he gave in 2009, in which he called for space R&D spending to be increased past the levels seen during the the original cold war space race. Now, 4 years after that speech, it appears things have gone the opposite way. Since 2009 NASA has seen some serious cuts. Not only has the space-shuttle program been deactivated, but the agency was forced to endure harsh funding cuts during the presidents latter term. Despite an ominous history, it now seems that Obama is back on the space objective, pushing congress to increase non-defensive R&D spending to 3% of the U.S. GDP. It's important to keep in mind that not all of this money goes directly to space related programs, though under the proposed budget the National Science Foundation, Department of Energy Office of Science, and the National Institute of Standards and Technology Laboratories will have their budgets doubled. There will also be an increase in tax credits towards companies and organizations working on these R&D projects. Should the U.S. go back to its 'Let's put a man on the moon' ideology, or is the federal government fighting an uphill battle against newly emerging private space expeditions? Either way, the question remains whether or not Obama will act on any of the propositions." -
Obama Proposes 'Meaningful Progress' On Climate Change
astroengine writes "President Barack Obama called for 'meaningful progress' on tackling climate change in his State of the Union speech in Washington, DC on Tuesday night. While acknowledging that 'no single event makes a trend,' the President noted that the United States had been buffeted by extreme weather events that in many cases encapsulated the predictions of climate scientists. 'But the fact is, the 12 hottest years on record have all come in the last 15. Heat waves, droughts, wildfires, and floods — all are now more frequent and intense. We can choose to believe that Superstorm Sandy, and the most severe drought in decades, and the worst wildfires some states have ever seen were all just a freak coincidence. Or we can choose to believe in the overwhelming judgment of science — and act before it's too late,' Obama added." Other significant statements from Obama's speech: 34,000 troops coming back from Afghanistan over the next year; new gun regulations "deserve a vote"; rewards for schools that focus on STEM education; increases in tech research; a proposal to raise the minimum wage to $9.00/hr and tie it to inflation; and a proposal to use oil and gas revenues to fund a move away from oil and gas, -
North Korea Conducts Third Nuclear Test
First time accepted submitter WolfeCanada writes "North Korea apparently conducted a widely anticipated nuclear test Tuesday, strongly indicated by an 'explosion-like' earthquake that monitoring agencies around the globe said appeared to be unnatural." North Korea has confirmed the test, according to the Washington Post, in an article that touches on its political context. Among other things, the Post notes that this "is the first under new North Korean leader Kim Jong Eun and the clearest sign that the third-generation leader, like his father and grandfather, prefers to confront the United States and its allies rather than make peace with them." Adds reader eldavojohn "KCNA news claims that the test was safe and cited the threat of the U.S. for conducting the test, saying 'The test was carried out as part of practical measure of counteraction to defend the country's security and sovereignty in the face of the ferocious hostile act of the U.S. which wantonly violated the DPRK's legitimate right to launch satellite for peaceful purposes.' RT is posting a feed of the many condemnations from governments and organizations." -
Open Spectrum Does Not Mean Free Internet
CowboyRobot writes "FCC Chairman Julius Genachowski recently proposed making RF spectrum publicly available, and many in the media (including the Washington Post) have been mistakenly conflating open access to WiFi signal with free Internet access; anyone can put up a wireless access point but that doesn't give them access to the Internet. The proposal will probably mean more attempts at providing free Internet access to specific neighborhoods or municipalities, but as Larry Seltzer at NetworkComputing points out, these programs also usually forget that access to signal is not the same as access to the Internet. After getting the funding to wire a city, these isn't money left to pay for the actual bandwidth usage." -
Super Bowl Blackout Caused By Defective Protective Relay
New submitter wilby writes "Power company Entergy New Orleans says the Super Bowl blackout was caused by device designed to prevent power outages. A device designed to improve the Superdome electrical system reliability instead caused it to shut down dramatically during Super Bowl 47. [The company] said testing traced the source of the problem to an 'electrical relay device' it had installed in December to protect Superdome equipment in case a cable failure occurred between the company's switchgear and the stadium." -
Fragmentation Leads To Android Insecurities
Rick Zeman writes "The Washington Post writes about how vendor fragmentation leads to security vulnerabilities and other exploits. This situation is '...making the world's most popular mobile operating system more vulnerable than its rivals to hackers, scam artists and a growing universe of malicious software' unlike Apple's iOS which they note has widely available updates several times a year. In light of many companies' Bring Your Own Device initiatives 'You have potentially millions of Androids making their way into the work space, accessing confidential documents,' said Christopher Soghoian, a former Federal Trade Commission technology expert who now works for the American Civil Liberties Union. 'It's like a really dry forest, and it's just waiting for a match.'" -
FCC Proposal Would Cover the US With Public Wi-Fi
pigrabbitbear writes "Internet access is an essential need on par with education access, but at what point do regulators recognize that? When will government officials acknowledge that widespread, guaranteed access is essential to fostering growth in the country? Somewhat surprisingly, that time is now, as the FCC is now calling for nationwide free wi-fi networks to be opened up to the public. The FCC proposes buying back spectrum from TV stations that would allow for what the Washington Post is dubbing 'super wi-fi,' as the commission wants to cover the country with wide-ranging, highly-penetrative networks. Essentially, you can imagine the proposal as covering a majority of the country with open-access data networks, similar to cell networks now, that your car, tablet, or even phone could connect to. That means no one is ever disconnected, and some folks – especially light users and the poor – could likely ditch regular Internet and cell plans altogether." -
School Board Considers Copyright Ownership of Student and Teacher Works
schwit1 writes "A proposal by the Prince George's County Board of Education to copyright work created by staff and students for school could mean that a picture drawn by a first-grader, a lesson plan developed by a teacher or an app created by a teen would belong to the school system, not the individual. It's not unusual for a company to hold the rights to an employee's work, copyright policy experts said. But the Prince George's policy goes a step further by saying that work created for the school by employees during their own time and using their own materials is the school system's property." -
Washington Post: We Were Also Hacked By the Chinese
tsu doh nimh writes "A sophisticated cyberattack targeted The Washington Post in an operation that resembled intrusions against other major American news organizations and that company officials suspect was the work of Chinese hackers, the publication acknowledged on Friday. The disclosure came just hours after a former Post employee shared information about the break-in with ex-Postie reporter Brian Krebs, and caps a week marked by similar stories from The New York Times and The Wall Street Journal. Krebs cites a former Post tech worker saying that the publication gave one of its hacked servers to the National Security Agency for analysis, a claim that the Post's leadership denies. The story also notes that the Post relied on software from Symantec, the same security software that failed to detect intrusions at The New York Times for many months." -
The Human Brain Project Receives Up To $1.34 Billion
New submitter TheRedWheelbarrow writes "The singularity looms as the Human Brain Project gets up to $1.34 billion in funding. 'The challenge in AI is to design algorithms that can produce intelligent behavior and to use them to build intelligent machines. It doesn't matter whether the algorithms are biologically realistic — what matters is that they work — the behavior they produce. In the HBP, we're doing something completely different...we will base the technology on what we actually know about the brain and its circuitry.'" -
Messenger App Brings Free VoIP to US Facebook Users — At a Price
The Washington Post (among many others) reports on a development from Facebook that may excite many more users than does the much-hyped announcement about richer search capabilities: after launching a Canadian trial balloon not long ago, Facebook is expanding the reach of its free in-app VoiP communications with free voice comms via the company's smartphone app. "Excite" for some people will also mean "infuriate": to get the free candy, the recipient will need to have shared his or her number with Facebook, which many people will understandably be loath to do. From the WaPo article: "To use the feature, Facebook users must hit the 'i' info icon in the corner or a conversation or contact information page. That panel has a 'Free Call' button that you can use if your friend has shared a mobile number with Facebook and is available for a call. The company slowly has been building out the features available in chat — most notably with the 2011 Skype partnership that put video calling on the Web version of its site. When it released Facebook Messenger last fall, it became even clearer that messaging and mobile applications were priorities for the company." -
The Atlantic's Scientology Advertorial
magic maverick writes "The Atlantic recently ran an 'advertorial' for the 'Church of Scientology'. During this time, they filtered comments and removed negative comments. While they have since apologized, incisive.nu has an interesting run down of what they did wrong, from both a moral and business perspective." It turns out these sponsored stories are commonplace, and a serious source of revenue: "Native ads are critical to The Atlantic’s livelihood. They are one element of digital advertising revenue, which in 2012 accounted for a striking 59 percent of the brand’s overall advertising revenue haul. Unclear just how much of the digital advertising revenue stems from sponsor content. We’re working on that." -
NASA Releases Orbital Photos of Beijing's Air Pollution
skade88 writes "This story should remind us all that air pollution controls are not just about addressing global warming. They also help us have cleaner air and fewer health problems resulting from smog and haze. Starting earlier this month, Beijing, China started having worse than normal air pollution issues. On January 14, 2013 the U.S. embassy's air pollution sensors in Beijing found the density of the most dangerous small air particles, PM 2.5, at 291 micrograms per cubic meter of air. The World Health Organization's guidelines for air pollution state that PM 2.5 above 25 micrograms per cubic meter of air is dangerous to a person's health. To put the problem into perspective, NASA has released two orbital photos of Beijing showing before-and-during images of the air pollution. The photo from January 4 shows parts of Beijing still visible from space. The photo from January 14 shows nothing but a huge, thick cloud of haze with no buildings visible." -
Magnitude 7.5 Earthquake Off Alaskan Coast
This morning at 08:58 UTC a magnitude 7.5 earthquake struck off the coast of southeastern Alaska. The depth was just shy of 10km. The quake occurred roughly 106km from the city of Craig and about 341km from the capital city of Juneau. A tsunami warning was issued shortly after the quake, but later canceled when it became apparent that sea level changes would be minor, with no widespread destructive wave. The observed tsunami was no more than six inches high. The earthquake was felt on land, shaking houses and tossing objects to the floor, but as yet there are no reports of injuries. The U.S. Geological Survey said, 'At the location of this earthquake, the Pacific plate is moving approximately northwestward with respect to the North America plate at a velocity of 51 mm/yr. This earthquake is likely associated with relative motion across the Queen Charlotte fault system offshore of British Columbia, Canada, which forms the major expression of the Pacific:North America plate boundary in this region. The surrounding area of the plate boundary has hosted 8 earthquakes of magnitude 6 or greater over the past 40 years." -
Facebook Lands Drunk Driving Teen In Jail
Hugh Pickens writes "The Washington Post reports that 18-year-old Jacob Cox-Brown has been arrested after telling his Facebook network that he had hit a car while driving drunk, posting the message: 'Drivin drunk ... classsic ;) but to whoever's vehicle i hit i am sorry. :P' Two of Cox-Brown's friends saw the message and sent it along to two separate local police officers and after receiving the tip, police went to Cox-Brown's house and were able to match a vehicle there to one that had hit two others in the early hours of the morning. Police then charged the teen with two counts of failing to perform the duties of a driver. 'Astoria Police have an active social media presence,' says a press release from Astoria Police. 'It was a private Facebook message to one of our officers that got this case moving, though. When you post ... on Facebook, you have to figure that it is not going to stay private long.'" -
World's Oldest Fossils Found In Australia
Dexter Herbivore sends this quote from the Washington Post: "Scientists analyzing Australian rocks have discovered traces of bacteria that lived a record-breaking 3.49 billion years ago, a mere billion years after Earth formed. If the find withstands the scrutiny that inevitably faces claims of fossils this old, it could move scientists one step closer to understanding the first chapters of life on Earth. The discovery could also spur the search for ancient life on other planets. These traces of bacteria 'are the oldest fossils ever described. Those are our oldest ancestors,' said Nora Noffke, a biogeochemist at Old Dominion University in Norfolk who was part of the group that made the find and presented it last month at a meeting of the Geological Society of America." -
The U.S. Careens Over the Fiscal Cliff, Reaching Only Half of a Deal
New submitter Jetra wrote with word that the House of Representatives failed to vote on the "fiscal cliff" deal before midnight, technically sending the U.S. over the fiscal cliff. The White House and Senate, however, reached an agreement at the last minute to allow for some tax increases, and a House vote approving it is expected in the next day or two: "The agreement came together after negotiators cleared two final hurdles involving the estate tax and automatic spending cuts set to hit the Pentagon and other federal agencies later this week. Republicans gave ground on the spending cuts, known as the sequester, by agreeing to a two-month delay paid for in part with fresh tax revenue, a condition they had resisted. White House officials yielded to GOP wishes on how to handle estate taxes, aides said." The battle over required spending cuts has predictably been delayed for another day, making the deal far from complete. -
Stan Lee Celebrates 90th Birthday
An anonymous reader writes "Congratulatory tweets and missives pour in to honor @theRealStanLee (nee Stanley Lieber), the Romanian immigrant who created or co-created most of Marvel Comics' memorable heroes. Lee celebrated his 90th birthday on Friday. Earlier this year, someone posted a collection of Lee's cameo appearances in Marvel Comics movies, often playing an older gentleman in the crowd ('Superheroes in New York? Give me a break!'), but watch for the time he plays himself, trying to get past a club bouncer ('I'm Stan Lee. I should be on that list!')." -
Bloomberg: Steve Jobs Behind NYC Crime Wave
theodp writes "Rudy Giuliani had John Gotti to worry about; Mike Bloomberg has Steve Jobs. Despite all-time lows for the city in homicides and shootings, NYC Mayor Michael Bloomberg said overall crime in New York City was up 3.3% in 2012 due to iPhone, iPad and other Apple device thefts, which have increased by 3,890 this year. 'If you just took away the jump in Apple, we'd be down for the year,' explained Marc La Vorgna, the mayor's press secretary. 'The proliferation of people carrying expensive devices around is so great,' La Vorgna added. 'It's something that's never had to be dealt with before.' Bloomberg also took to the radio, urging New Yorkers who didn't want to become a crime statistic to keep their iDevices in an interior, hard-to-reach pocket: 'Put it in a pocket in sort of a more body-fitting, tighter clothes, that you can feel if it was — if somebody put their hand in your pocket, not just an outside coat pocket.' But it seems the best way to fight the iCrime Wave might be to slash the $699 price of an iPhone (unactivated), which costs an estimated $207 to make. The U.S. phone subsidy model reportedly adds $400+ to the price of an iPhone. So, is offering unlocked alternatives at much more reasonable prices than an iPhone — like the $299 Nexus 4, for starters — the real key to taking a bite out of cellphone crime? After all, didn't dramatic price cuts pretty much kill car stereo theft?" -
FCC Smooths the Path For Airlines' In-Flight Internet
The Washington Post reports on a development that may push Internet access on commercial aircraft from a pleasant luxury (but missing on most U.S. domestic flights) to commonplace. Writes the Post: "The Federal Communications Commission on Friday approved an application process for airlines to obtain broadband Internet licenses aboard their planes. Previously, airlines were granted permission on an ad hoc basis. Airlines need the FCC’s permission to tap into satellite airwaves while in flight that enable passengers to access the Internet. They also need permission from the Federal Aviation Administration, which oversees the safety of inflight Internet systems." I hope that on-board Internet not only becomes the default, but that free advertising-backed access does, too; especially for short flights, the "24-hour pass" paid access I've seen on United and Delta is tempting, but too pricey. -
World's Longest High-Speed Rail Line Opens In China
An anonymous reader writes "Today China continued rolling out the future of high speed rail by officially unveiling the world's longest high-speed rail line — a 2,298-kilometer (1,428-mile) stretch of railway that connects Beijing in the north to Guangzhou in the south. The first trains on the new route hit 300 kph (186 mph), cutting travel time between the two cities by more than half." -
Lockheed, SpaceX Trade Barbs
Lockheed Martin and Boeing have been getting all government launch contracts for the past six years. That is, until SpaceX demonstrated they could reach the International Space Station successfully this year. Asked about the new competition brought by SpaceX, Lockheed CEO Robert Stevens made light of the younger company's success. "I’m hugely pleased with 66 in a row from [the Boeing-Lockheed alliance], and I don’t know the record of SpaceX yet," he said. "Two in a row?" When he was asked about the skyrocketing price of launching his sky rockets, he said, "You can thrift on cost. You can take cost out of a rocket. But I will guarantee you, in my experience, when you start pulling a lot of costs out of a rocket, your quality and your probability of success in delivering a payload to orbit diminishes." SpaceX CEO Elon Musk was blunt about the source of the price difference between the companies: "The fundamental reason SpaceX’s rockets are lower cost and more powerful is that our technology is significantly more advanced than that of the Lockheed-Boeing rockets, which were designed last century." The Delta IV and Atlas V rockets of Lockheed-Boeing average about $464 million per launch, while SpaceX's Falcon 9 launches for $54 million. Its upcoming Falcon Heavy will go up for $80-125 million. -
The World's Fastest-Growing Cause of Death Is Pollution From Car Exhaust
pigrabbitbear writes "Cars, once again, are killing us. They're killing us in crashes and accidents, yes, and they're encouraging us to grow obese and then killing us a little more slowly. But, more than ever before, they're killing us with their pollution. Particulate air pollution, along with obesity, is now the two fastest-growing causes of death in the world, according to a new study published in the Lancet. The study found that in 2010, 3.2 million people died prematurely from the air pollution – particularly the sooty kind that spews from the exhaust pipes of cars and trucks. And of those untimely deaths, 2.1 million were in Asia, where a boom in car use has choked the streets of India and China's fast-expanding cities with smog." -
People Are Living Longer, With More Disabilities Than Ever
skade88 writes "Worldwide, people are living longer. Their lives are starting to look more like the lives of Americans: too much food is a problem, death in childhood is becoming less common, and so on. Yet with a population that lives through what would once have killed us, disabilities are starting to become the norm. A research report from the Institute for Health Metrics and Evaluation has a good glimpse into the new emerging world we find ourselves in." The Guardian has a nice visualization of the mortality data (but take note of shifting scales on the Y-axis). -
Automation Is Making Unions Irrelevant
dcblogs writes "Michigan lawmakers just approved a right-to-work law in an effort to dismantle union power, but unions are already becoming irrelevant. The problem with unions is they can't protect jobs. They can't stop a company from moving jobs overseas, closing offices, or replacing workers with machines. Indeed, improvements in automation is making the nation attractive again for manufacturing, according to U.S. intelligence Global Trends 2030 report. The trends are clear. Amazon spent $775 million this year to acquire a company, Kiva Systems that makes robots used in warehouses. Automation will replace warehouse workers, assembly-line and even retail workers. In time, Google's driverless cars will replace drivers in the trucking industry. Unions sometimes get blamed for creating uncompetitive environments and pushing jobs overseas. But the tech industry, which isn't unionized, is a counterpoint. Tech has been steadily moving jobs overseas to lower costs." -
China Quietly Unblocks Names of Its Leaders
hackingbear writes "One of the Chinese Web censorship's central features has long been blocking searches for the names of top leaders to maintain their public images. Sina Weibo, China's largest microblog service, unblocked searches for the names of many top political leaders in a possible sign of looser controls a month after new senior officials were named to head the ruling party, though a number of other senior leaders are still blocked on Weibo, including Premier Web Jiabao. That (President) Xi might be leading by example on softening Web censorship could be a promising sign for future reforms. It isn't on a major shift, but it could portend one." -
Washington Post To Go Paywall, Along With Buffett-Owned Local Papers
McGruber writes "The Washington Post reports that the Washington Post, and local newspapers owned by Warren Buffett, are all planning to follow the New York Times and install metered paywalls." Buffett's got more than 80 papers right now, and hasn't quit buying them. There's some time to read the WaPo sans paywall, but by mid-year it may be up. -
Even Capped Prediction Markets Can Be Manipulated
Slashdot regular contributor Bennett Haselton writes "My last article on prediction markets contained an erroneous assumption, one whose implications are far-reaching enough that they deserve their own article. (And if you read to the end, I'm offering $100 to be split between the readers who submit the best alternative solution or the best counter-argument to the points made here.)" Read below for the rest of Bennett's thoughts.In my last article, I wrote:
There could be rules and safeguards to prevent abuses of the system (rules that could be imposed by U.S. law, even if they're not enforced by overseas betting markets), such as not allowing individuals to bet more than $500. (This is already enforced by the Iowa Electronic Markets.) That's small enough to stop individual bettors from trying to manipulate the market through enormous wagers (although they might find ways to do that anyway). It's also small enough that it wouldn't be worth it for any one individual to try and influence a political outcome just to win a bet. You could try to enlist your friends to help you place a collective $10,000 bet on a single outcome, but the more people you rope into your coalition, the greater the chances of someone (a) turning you in for violating the betting laws, or (b) taking the $500 you lent them, and then refusing to pay it back if they win their portion of the wager.
There's an error here, but one subtle enough that even all the commenters (with no shortage of the usual snark) missed it. To begin with, consider what happens if two different betting markets are taking bets at different odds for the same event.
Suppose CappedEx, a futures exchange that limits each user to betting $500, is publishing 4:1 odds of an Obama victory. If you bet $40 that Obama will win and he wins, you get paid $10 (from other users on the exchange), but if he loses, you pay out $40. Meanwhile FreedomEx, an exchange that has no betting limit for any user, is publishing 6:1 odds for Obama winning. Bet $60 on Obama, and you get $10 if he wins, but pay $60 if he loses. On both markets, of course you can bet in the other direction as well.
What do you conclude from this? That the un-capped FreedomEx probably has more accurate odds, and that as James Surowiecki (author of The Wisdom of Crowds) said, betting limits "make [the markets] less accurate" and "real money is what makes it work"? Or that CappedEx, with its safeguards against manipulation, is more reliable, and FreedomEx is being manipulated by someone trying to change the reported odds of their favored candidate winning? Or that there is simply some random fluctuation in the odds as reported by various markets, so they'll naturally diverge at times?
The correct answer is: you should stop wasting time "concluding" things, and get online as soon as possible and make bets in both markets, because if they're allowing bets to be placed at different odds, you can guarantee yourself a profit.
Make a $50 bet in CappedEx on Obama to win (4:1 odds), and a $10 bet in FreedomEx on Romney to win (1:6 odds). If Obama wins, you win $12.50 in the CappedEx market and lose your $10 in FreedomEx, for a $2.50 profit. If Romney wins, you lose $50 in the CappedEx market but win $60 in FreedomEx, for a $10 profit. With a little algebra, you can show that any time the two markets allow you to place bets at different odds ratios, you can make a guaranteed profit by picking a ratio somewhere in the middle (in this case, the two ratios were 1:4 and 1:6, so we picked 1:5) and making separate bets in the two markets in opposite directions, for amounts in that ratio. (A commenter on the Marginal Revolution blog describes exactly how he made an almost risk-free profit through this kind of "pure arbitrage play". He said it was "almost" risk free because of other factors like currency conversion fluctuations.)
Now, any time a good is trading for a lower price in market A than it is in market B, and the costs of shifting the good between the two markets is negligible, traders will start to buy the good in market A and re-sell it for a profit in market B (the traditional definition of "arbitrage"). This increases demand in market A (driving the price up) and increases supply in market B (driving the price down) until the price difference disappears. In the same way, any time two prediction markets have different "market odds" for the same event, as arbitrage players lock in guaranteed profits by placing opposite bets in the two markets, the market odds in the two markets will converge toward each other until the gap is negligible. This is true even if one of the markets has a cap on what people can invest or how much they can stake on any particular outcome.
For Intrade, there couldn't be a worse time for someone to be pointing this out, but it seems logically inescapable: As long as there is a prediction market anywhere in the world that allows unlimited wagering on a particular outcome, all other prediction markets (whether they are capped or not) can be manipulated indirectly, by playing a large wager in the non-capped market. I was wrong to say that you would have to "enlist your friends" to place bets in the capped market, building a large coalition of market-manipulators (and hoping that none of them would rat you out for using them to circumvent wager-limiting rules). By placing a large wager in the non-capped market, and shifting the market odds there so that they're different from the odds in the capped market, you can indirectly "enlist" all the users in the capped market, to place arbitrage bets and make a guaranteed profit. When this happens, the odds in both the capped market and the non-capped market will shift, as the gap between them narrows -- which means you have manipulated the market odds in the capped market, without ever going near it yourself.
In this case, why have caps on the amounts wagered in prediction markets at all? (The Iowa Electronic Markets have a maximum investment balance of $500, and a 2008 paper, "The Promise of Prediction Markets, authored by several prominent economists, advocated the creation of prediction markets with a maximum investment of $2,000.) Presumably the cap is not to prevent unlucky investors from losing their life's savings, since the law already allows multiple ways to do that, by betting on volatile stocks in the stock market. And it won't stop market manipulation, if the capped market can still be manipulated by using another non-capped market as a proxy. Robin Hanson, Professor of Economics at George Mason University and one of the co-authors of the 2008 paper, candidly told me that the cap was just a matter of selling the idea: "As a practical matter, many people's comfort with such markets increases when there is a cap, so they are more likely to accept the proposal with a cap. So it makes one seem more reasonable to propose a cap, if one can get most of the benefits one wanted from such a system that has a cap, relative to one without it."
So is there a solution to the manipulation problem? Actually, is it even a problem? Robin Hansen and Ryan Oprea wrote another paper arguing that manipulators can improve prediction markets, by subsidizing the existing players in the markets and rewarding them for paying attention. (If a "manipulative" bet causes a sudden shift in the reported odds, opportunistic investors can place bets essentially wagering that the odds will return back to their previous level.) Economist Alex Tabarrok makes the same point here. This opportunism also means that the market shift caused by a manipulative bet usually corrects itself within a few minutes.
Presumably, if more people start to take prediction markets seriously, the incentives to manipulate them would increase. As Tabarrok adds, "prediction markets have truly arrived when people think they are worth manipulating". At the same time though, as more people start to take prediction markets seriously, presumably they'll attract more actual users, and since the amount of money required to shift the market is proportional to the amount already invested by everyone else, this means it will require larger amounts of money to shift the market odds to the same degree.
So these economists all seem to think that prediction market manipulation is a good thing, and that the prediction markets themselves are an even better good thing even when they can be manipulated, but now I'm not so sure. If people do think that market odds are worth manipulating, presumably the point is to create a self-fulfilling prophecy: People think that Romney's chances have gone up, so they become more incentivized to support him and vote for him, and soon his chances actually have gone up (although possibly not to the full extent of the boost in the manipulated market odds, so the manipulator may still lose money). If you can boost Romney's market odds even for a few minutes just by spending a few tens of thousands of dollars, how much would it cost to sustain the higher odds for several hours -- and what if those hours were at a crucial time in the election or in the news reporting cycle?
What if, contrary to my last assumption, people start to take prediction markets seriously enough to be influenced by them, but the prediction markets don't see a proportionate influx of actual investors and money -- so the cost of manipulating them remains about the same? IF prediction markets gain more influence in people's actual voting decisions, BUT those markets don't see an influx of new users, AND an election is close enough that the market odds could make a difference depending on when they're reported, AND someone spends enough to sustain the manipulated odds during crucial periods during the election... Well, that's a lot of assumptions you have to grant, but individually they're quite plausible -- and if all of them hold true, you could change the outcome of a presidential election for just a few million dollars spent on the prediction markets.
And in fact, if you successfully swung the election, you'd actually win all the wagers you had just placed -- which means that now rich manipulators can throw their election to their preferred candidate, and make a bundle. It also means that all those opportunists who usually act to "correct" the market odds deviations, by taking your free money when you start placing manipulative bets, could realize that your bets might actually change the outcome, and would decline to take your money -- which in turn means it would be even cheaper for manipulators to change the outcome, creating a self-reinforcing cycle. If smart bettors see that once a behemoth starts the market moving, the behemoth will probably win, they'll just get out of its way and clear an easier path.
The same kind of trick wouldn't normally work on the stock market -- if you're wealthy enough that you can increase the share price of a stock by buying enough of it to shift the market, then when you try to reap your profits by unloading the stock, the price will drift back down as you're selling it off. (Or if your purchases do manage to create a self-fulfilling prophecy -- your infusion of cash into the company enables them to realize their plans and become a genuine success -- well, then you're just a successful angel investor, more power to you.) But a presidential election prediction market would be analogous to a stock where if you can keep the price artificially inflated for several crucial hours on November 6th, 2012, then the price becomes permanently locked in at that point and you can sell it off for a profit, regardless of the value of the underlying company.
So, according to my own reasoning, this idea that I was so gung-ho about a few days ago, could not only be used to create a type of financial instrument that rewards manipulation more perversely than anything we've ever seen, but could also let a Saudi prince pick the next leader of the free world on a bet.
I'm not sure if there's a solution. I'm not a libertarian so I was never in favor of prediction markets as a matter of "personal liberty"; I was in favor of them because they're useful insofar as they can harness the wisdom of crowds to convey important information. But if they can be manipulated to influence real-world events, is it worth it?
In keeping with the theory that money does motivate people to think harder about such things, I'm once again offering $100 to be split between the readers who email me the best-argued solutions to this problem -- or the best counter-argument to any point I've made here. Put "prediction markets" in the subject line. If your submission wins a portion of the award, you can either claim the money for yourself, or to be donated to a preferred charity in your name. (I reserve the right to pay out less than the allotted $100 if there aren't enough worthy submissions, but that didn't happen last time.) Any sufficiently valuable comments are eligible even if they're not strictly counter-arguments or suggested alternatives, and I'll post a follow-up article summarizing what people send in. You can't make as much off of me, as you could have made by taking some market manipulator's intentionally losing bet on Intrade that Romney was going to win the election, but at least it's legal.
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Scientists Develop Sixty Day Bread
Hugh Pickens writes writes "BBC reports that scientists have developed a technique that can make bread stay mold-free for 60 days that could also be used with a wide range of foods including fresh turkey and many fruits and vegetables. At its laboratory on the campus of Texas Tech University in Lubbock, Don Stull of Microzap showed off the long, metallic microwave device that resembles an industrial production line. Originally designed to kill bacteria such as MRSA and salmonella, the researchers discovered it could kill the mold spores in bread in around 10 seconds. 'We treated a slice of bread in the device, we then checked the mold that was in that bread over time against a control,' says Stull. 'And at 60 days it had the same mold content as it had when it came out of the oven.' Food waste is a massive problem in most developed countries. In the US, figures released this year suggest that the average American family throws away 40% of the food they purchase — which adds up to $165 Billion annually. There is some concern that consumers might not take to bread that lasts for so long and Stull acknowledges it might be difficult to convince some people of the benefits. 'We'll have to get some consumer acceptance of that. Most people do it by feel and if you still have that quality feel they probably will accept it.'" -
A Tale of Two Companies
Rick Zeman writes "They've had the best of times, and now they're living through the worst of times. The Washington Post talks about the dissolution of both Kodak's and Polaroid's business models, what Kodak can learn from Polaroid's earlier mistakes, and the resurrection of some classic Polaroid tech by private entrepreneurs." -
Apple Declutters, Speeds Up iTunes With Major Upgrade
Hugh Pickens writes writes "The Washington Post reports that Apple has finally unveiled their new version of iTunes, overhauling its look and feel and integrating it more closely with the company's iCloud Internet- storage service with one of the biggest upgrades Apple has made to the program with 400 million potential users since its debut more than a decade ago. The new design of iTunes moves away from the spreadsheet format that Apple has featured since its debut and adds more art and information about musicians, movies and television shows. It also adds recommendation features so users can find new material. According to David Pogue of the NY Times Apple has fixed some of the dumber design elements that have always plagued iTunes. 'For years, the store was represented only as one item in the left-side list, lost among less important entries like Radio and Podcasts. Now a single button in the upper-right corner switches between iTunes's two personalities: Store (meaning Apple's stuff) and Library (meaning your stuff).' Unfortunately, Apple hasn't fixed the Search box. As before, you can't specify in advance what you're looking for: an app, a song, a TV show, a book. Whatever you type into the Search box finds everything that matches, and you can't filter it until after you search. It feels like a two-step process when one should do. 'Improvements in visual navigation and a more logical arrangement of tools are good, but for me the biggest positive within iTunes 11 remains its vastly improved performance on all three Macs I've tested it on, including a relatively ancient five-year-old MacBook,' writes Jonny Evans." -
US Birthrate Plummets To Record Low
Hugh Pickens writes "The Washington Post reports that the U.S. birthrate is at its lowest since 1920, the earliest year with reliable records. The rate decreased to 63.2 births per 1,000 women of childbearing age — a little more than half of its peak, which was in 1957. The overall birthrate decreased by 8 percent between 2007 and 2010, but the decline is being led by immigrant women hit hard by the recession, with a much bigger drop of 14 percent among foreign-born women. Overall, the average number of children a U.S. woman is predicted to have in her lifetime is 1.9, slightly less than the 2.1 children required to maintain current population levels. Although the declining U.S. birthrate has not created the kind of stark imbalances found in graying countries such as Japan or Italy, it should serve as a wake-up call for policymakers, says Roberto Suro, a professor of public policy at the University of Southern California. 'We've been assuming that when the baby-boomer population gets most expensive, that there are going to be immigrants and their children who are going to be paying into [programs for the elderly], but in the wake of what's happened in the last five years, we have to reexamine those assumptions,' he said. 'When you think of things like the solvency of Social Security, for example, relatively small increases in the dependency ratio can have a huge effect.'" -
NPD Group Analysts Say Windows 8 Sales Sluggish
Nerval's Lobster writes "While Microsoft claims it's sold 40 million Windows 8 licenses in the month since launch—a more rapid pace than Windows 7—new data from research firm The NPD Group suggests that isn't helping sales of actual Windows devices, which, in its estimation, are down 21 percent from last year. Desktops dropped 9 percent year-over-year, while notebooks fell 24 percent. 'After just four weeks on the market, it's still early to place blame on Windows 8 for the ongoing weakness in the PC market,' Stephen Baker, vice president of industry analysis at The NPD Group, wrote in a Nov. 29 statement attached to the data. 'We still have the whole holiday selling season ahead of us, but clearly Windows 8 did not prove to be the impetus for a sales turnaround some had hoped for.'" That seems to match the public grumbling of Acer and Asus about early sales. And though these figures exclude Surface sales, the newly announced prices on for new Windows 8 Pro-equipped Surface tablets might not endear them to anyone. Have you (or has your business?) moved to Windows 8? -
Prediction Market Site InTrade Bans US Customers
MyFirstNameIsPaul writes "In an announcement dated Monday, Nov 26, 2012, Dublin-based InTrade stated 'that due to legal and regulatory pressures, InTrade can no longer allow U.S. residents to participate in our real-money prediction markets.' The Washington Post reports that the Commodity Futures Trading Commission filed a complaint in federal court against InTrade for 'illegally facilitating bets on future economic data, the price of gold and even acts of war,' demonstrating just how far the long arm of U.S. law can reach." -
Israel's Iron Dome Missile Defense Shield Actually Works
Hugh Pickens writes "Sarah Tory reports that the debut of Israel's Iron Dome missile defense shield has added a new element to the conflict between Israel and Palestinians in the Gaza strip, one that military officials are calling a 'game-changer.' Israeli officials are claiming that the shield is destroying 90 percent of missiles and rockets it aims at that have been fired into southern Israel by Hamas. This level of success is unprecedented compared with older missile defense systems such as the American-made Patriot model used during the 1991 Gulf War. The missile-defense system can detect rocket launches and then determine the projectiles' flight paths and only intercepts rocket or artillery shells if they are headed for populated areas or sensitive targets; the others it allows to land. It takes a lot of raw computing power to rapidly build a ballistic profile of a fast-incoming projectile, make a series of quick decisions concerning potential lethality, and launch a countermeasure capable of intercepting said projectile in-flight. One reason Iron Dome is showing a much more robust capability than the Patriot system did is simply that its battle control hardware and software are several generations more advanced than those early interceptor systems. 'Israeli officials point out that Iron Dome saves money despite the fact that the interceptors cost up to $100,000 each,' writes Tory. 'The cost of rebuilding a neighborhood destroyed by a rocket attack — not to mention people wounded and lives lost — would be far greater than the cost of the interceptor.' Most important, the system buys Israel time, allowing it to plan out an appropriate response without the political pressure that would be generated by hundreds of potential deaths." -
Global Warming On Pace For 4 Degrees: World Bank Worried
iONiUM writes "From the article: 'Over the years at the U.N. climate talks, the goal has been to keep future global warming below 2C. But as those talks have faltered, emissions have kept rising, and that 2C goal is now looking increasingly out of reach. Lately, the conversation has shifted toward how to deal with 3C of warming. Or 4C. Or potentially more." Overall it seems that poorer, less developed nations will be largely impacted negatively, while some countries (like Canada and Russia) will actually experience benefits. Where does that leave the rest of the 1st world countries?" -
Legalizing Online Futures Betting
Bennett Haselton writes: "Online political futures betting is in a legal limbo in the United States. But with the lifting of legal sanctions, and with the addition of one simple new feature, online futures betting could not only provide more accurate forecasts of the merits of different candidates, but also provide a tool for quieting partisan blowhards who think the opposing party's candidate is going to drag the country to hell. Let the blowhards bet!" You'll find the rest of Bennett's story below.Did you have a strongly felt prediction about the 2012 elections that went against the conventional wisdom? Then you could have placed a bet at the Iowa Electronic Markets website (with real money); yet most people don't know the website exists. Indeed, it's only able to exist at all because of an exemption from U.S. laws that make other political betting websites illegal. The Irish-based online political betting site Intrade doesn't even accept American customers (you can't wire money to them from a U.S. based account), and their late CEO reportedly told John Stossel he was afraid of being arrested if he set foot in the U.S.
That's too bad, because I think that legalized Web-based betting on political outcomes could serve two valuable purposes in American politics: to provide forecasts of the relative merits of living under either of two candidates, and to force partisan blowhards to seriously consider whether they actually mean what they say. But in order to make this happen, in addition to the government lifting any legal restrictions on the ability of such sites to operate, I think a valuable additional feature would be the ability to place "if-bets", betting on particular events (the level of unemployment, for example) if a particular candidate were elected.
In September I happened to stop by the King County Republicans booth at the Puyallup Fair, and asked one volunteer, just for the sake of argument, what he thought was the best case against re-electing President Obama. (I'm a liberal, but I spend more time reading conservative blogs and opinion pieces than liberal ones, partly just to see what pieces I might agree with.) He said flatly that if President Obama were re-elected, unemployment could rise as high as 20 percent, and listed some other dire figures.
Well, I didn't consider that an "argument", but I asked him, "Would you be willing to bet on it?" -- not proposing that we actually wager, but asking him to think seriously about whether he would be willing to wager, if it were an option. In other words, if Obama is re-elected, and employment rises to 20 percent some time in the next four years (or perhaps if average employment over 4 years is above some designated threshold), then I pay my new Republican friend $100. If Obama is re-elected and no such thing happens, then the Republican pays me $100. If Obama is not re-elected, then the whole wager is void. After I spelled this out, the volunteer got a thoughtful look -- as if he were thinking, for perhaps the first time, whether he really believed what he had been saying. (Of course I've probably made similarly ill-thought-out predictions about politicians that I disliked, where the offer of a wager would have made me stop and think harder about what I actually believed.)
It would be easy for Intrade and similar companies to support these kinds of conditional "if-bets". Then their website could list data on, for example, what the bettors currently think are the odds of unemployment reaching 20% (or 15%, or 25%) if Obama were re-elected, or if Romney were elected. Ideally there would be a different betting market for each percentage point -- and you could aggregate all the market odds for those percentages into one simple graph, with a bell curve showing what the market thinks are the odds of employment hitting 10%, 11%, 12%, etc. under either Obama or Romney.
The first benefit of such a system would be obvious: to the extent that betting markets are an accurate predictor of political outcomes, this would be an easy way to see what conventional wisdom projected for unemployment, inflation, infant morality rates, or any other statistic that Intrade accepted bets on, if either candidate were elected. As long as either candidate had a realistic chance of winning, the people wagering on the "if-bets" would have to take them seriously. (If one candidate had virtually no chance of winning, then the "if-bets" conditional on that candidate's victory might not show anything useful, since everyone expects the bets will be declared void. So it wouldn't work for evaluating the merits of a long-shot candidate like Jill Stein - who might have some good ideas, but the "if-bet" betting markets wouldn't be able to tell us that.)
The second benefit would be that whenever anyone claimed projections that departed radically from the market odds, you could simply ask them, "Why not go to Intrade and bet on it?" If a person really believed that their dire predictions were more likely than the market seemed to think, then they could wager accordingly. Even if they don't think their prediction is likely to come true, as long as they think an event is more likely than the market seems to think, they should still believe that they could make money in the long run by betting accordingly. (For example, if you think there's only a 1-in-3 chance that Romney will win, but the market says 1-in-5, you should bet that Romney will win, at the 4-to-1 odds offered by the market. If you bet on lots of separate events where you think the probability of event occurring is 1/3 but the market says 1/5, then if you're right and the probabilities really are about 1/3, you'll lose 2 out of 3 times, but every 3rd time you'll make back 5 times the amount of your wager, and come out ahead. Assuming that you really are smarter than the market, of course.)
There could be rules and safeguards to prevent abuses of the system (rules that could be imposed by U.S. law, even if they're not enforced by overseas betting markets), such as not allowing individuals to bet more than $500. (This is already enforced by the Iowa Electronic Markets.) That's small enough to stop individual bettors from trying to manipulate the market through enormous wagers (although they might find ways to do that anyway). It's also small enough that it wouldn't be worth it for any one individual to try and influence a political outcome just to win a bet. You could try to enlist your friends to help you place a collective $10,000 bet on a single outcome, but the more people you rope into your coalition, the greater the chances of someone (a) turning you in for violating the betting laws, or (b) taking the $500 you lent them, and then refusing to pay it back if they win their portion of the wager.
At the same time, the $500 limit is large enough that anyone who makes a bold claim about the future, could not plausibly claim that it's not worth their time to go over to Intrade and make a wager. (Well, billionaires could claim it's not worth their time. We could have a higher limit for higher-income individuals, but the problem is that for someone like Donald Trump, any betting limit large enough to get him to take the wager seriously, would also be large enough to allow him to manipulate the market. So we might just have to get by on ignoring Trump the old-fashioned way.)
However, even if Intrade implemented "if-bets", and even if futures betting were made unambiguously legal under U.S. law, we'd have to overcome a certain amount of cultural taboo against betting on politics, especially for members of certain professions. When Joe Scarborough called Nate Silver a "joke" for saying that Obama had a 75% chance of winning, Nate Silver gave exactly the right response: "Wanna bet?" (for charity). However, the New York Times Public Editor (an office that I've dealt with in the past) rebuked Nate Silver for offering the wager, although in a 600-word essay, the Public Editor wrote only one sentence saying why she thought it was a bad idea: because it "[gives] ammunition to the critics who want to paint Mr. Silver as a partisan who is trying to sway the outcome". This doesn't make much sense, since Nate Silver had already staked his reputation on the outcome, which was worth astronomically more to him than the $1,000 (so to the extent that he had any conflict of interest, it would have already been in place anyway). Still, for anyone in a profession that placed a high value on "perceived objectivity", they might be able to use that as an excuse for not placing a wager.
Even for the rest of us not in danger of finger-wagging from the Times Public Editor, I think there would be one big obstacle to using the markets to tell blowhards to "place your bets or shut up": people would come up with dumbass excuses not to do it. I can't even anticipate the kinds of excuses that people might make, because I think I just think too rationally (at least by my own definition), so I tend to anticipate semi-logical objections like, "I think Romney will win, so I don't want to support a system that says he will lose." To that I would say: If you think the market odds are wrong, you should place the bet anyway, and if you win, you'll be taking money from the people who bet that Romney would lose, not "supporting" them. And in fact by placing the bet, you will slightly increase the market-reported odds of Romney winning. So you'll be taking money from the people who bet against your guy, and shifting the reported odds in favor of a Romney victory, which ought to be a win-win. Even better, if you're sure he'll win, you'll have winnings afterward that you can donate to the Republican Party.
So while I don't think that's a valid objection, it at least has the form of a logical argument, which is what makes it possible to answer it. The excuses that I think people would actually give, would be along the lines of, "I don't do that." Well, if you want to support your candidate and you're confident in your predictions, why not? Or, "I think it's wrong to bet against the future of our country." Hey, if you place a bet that unemployment will go up under Obama, then that will be reported in the aggregate forecasts of what the market thinks will happen under the two candidates -- which will actually slightly increase the chance of a Romney win (which is presumably what you want), right? Besides, you realize that if you have life insurance on your spouse, you're "betting" every month that they will die? How much more ethical is that?
But for everyone else who wouldn't come up with excuses not to bet on the outcomes, I wonder, in what might be hopeful naivete, if the available of online political "if-betting" might bring our partisan extremes closer together. When my Republican counterpart and I were discussing the future of the nation under Obama or Romney, if we were forced to confront the possibility of betting on the result (not betting on who would win, but betting on what would happen if a particular candidate won), I think several things would have gone through my mind. First, I might realize that despite any stridently partisan statements I had made, I didn't really know with much confidence what would happen. Second, the humility of realizing that I would want to check the online prediction markets, because I think the rest of the world collectively has more wisdom on the matter than I do. And third, if the online prediction markets showed projected similar outcomes (for unemployment, for example) no matter who is elected, then we could calmly accept the fact that neither candidate is going to be able to perform miracles, but neither candidate is going to destroy the country either, so we can accept the fact that the country will probably do OK no matter who wins, and go have a beer.
Assuming, of course, the other guy felt the same way. I can get along fine with people who don't agree with me, but I don't think I'd get along with someone who didn't even want to seriously consider whether he really believed the things he was saying. However, if the various competing futures markets would implement "if-bets", and if the U.S. government would just give the OK to online futures betting generally, I'd be perfectly happy to take the guy's money.
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US Justice Dept. Sues eBay For Anti-Competitive Hiring Practices
McGruber writes "The Associated Press is reporting that the U.S. Justice Department is suing eBay for allegedly agreeing with Intuit not to hire each other's employees. According to the article, 'eBay's agreement with Intuit hurt employees by lowering the salaries and benefits they might have received and deprived them of better job opportunities at the other company,' said acting Assistant Attorney General Joseph Wayland, who is in charge of the Justice Department's antitrust division. The division 'has consistently taken the position that these kinds of agreements are per se (on their face) unlawful under antitrust laws.'" -
China Blocks Google.com, Gmail, Maps and More During 18th Party Congress
DavidGilbert99 writes "In an extraordinary move, the Chinese authorities have blocked access to Google.com, Gmail, Google Maps, Google Docs, and many more Google services as the Communist Party of China holds the 18th Party Congress. The blocking of these sites was reported by Chinese web monitoring site GreatFire.org, which said, 'Never before have so many people been affected by a decision to block a website.' The latest move in a long line of disputes between the Chinese government and Google, it is unclear yet whether this denial will be temporary (like a similar one in 2010) or permanent."