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Stories · 13,059
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Serious Economic Crisis Looms In Russia, China May Help
jones_supa writes: Russia is facing a "full-blown economic crisis," a former finance minister has warned, as the country is forced to take emergency financial measures. The economy has been battered by a wave of sanctions (set by other countries as a result of tensions over Ukraine), geopolitical uncertainty, and falling oil prices. Analysts have warned that the Russian economy will not improve in the long run until the aforementioned conditions have also improved. The Central Bank of Russia said that a plan to loan Trust bank an amount of up to 30bn rubles ($54m) had been approved. Trust bank has run a series of advertisements featuring actor Bruce Willis in Russia, along with the ironic quote: "When I need money, I just take it." Anna Stupnytska, an economist at Fidelity Solutions, said that "the risk of a sovereign default is low, it's the corporate sector where the main vulnerabilities lie, and banking in particular. Due to sanctions, companies cannot refinance their debt as access to international markets has been essentially cut off." Reader hackingbear adds: Two Chinese ministers offered support for Russia as President Vladimir Putin seeks to shore up the plummeting ruble without depleting foreign-exchange reserves. Commerce Minister Gao Hucheng said expanding a currency swap between the two nations and making increased use of the yuan for bilateral trade would have the greatest impact in aiding Russia. Western governments and experts have been criticizing China for restricting exchange and suppressing the value of its currency, even though anyone who lived in China during the 1990's knew that the value of the yuan was cut to align with the (vibrant) black market. But as grandma has warned us, we should be careful of what we wish for. China has greatly sped up the relaxation of currency exchange and is promoting the yuan as an alternative to the dollar for global trade and finance. They've signed currency-swap agreements with 28 other central banks to encourage this. Once accomplished, and backed by China's growing military might, Renminbi would be a formidable competitor to U.S. Dollar, which would hamper the U.S's ability to borrow almost freely with banks around the world.
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Google Unveils New Self-Driving Car Prototype
colinneagle writes In May, Google released a teaser image showing a mock-up of the autonomous vehicle it planned to build. Today, the company followed up with an image showing the finished product. Google says the first edition of its self-made self-driving car will feature "temporary manual controls as needed while we continue to test and learn." When Google introduced its prototype back in May, the company claimed its self-driving cars "won't have a steering wheel, accelerator pad, or brake pedal because they don't need them." Apparently, it still has yet to reach that point. The development is an important step forward for Google's driverless car efforts, which have been deemed impractical by many of late. Last year, the Financial Times reported that Google had difficulty finding manufacturing partners that would build vehicles featuring the self-driving capabilities used in its Prius. In that light, maybe Google's willingness to build its own hardware just to get the technology on the road means that its self-driving car team knows something the rest of the industry doesn't."
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How Venture Capitalist Peter Thiel Plans To Live 120 Years
HughPickens.com writes Bloomberg News reports that venture capitalist and paypal co-founder Peter Thiel has a plan to reach 120 years of age. His secret — taking human growth hormone (HGH) every day, a special Paleo diet, and a cure for cancer within ten years. "[HGH] helps maintain muscle mass, so you're much less likely to get bone injuries, arthritis," says Thiel. "There's always a worry that it increases your cancer risk but — I'm hopeful that we'll get cancer cured in the next decade." Human growth hormone also known as somatotropin or somatropin, is a peptide hormone that stimulates growth, cell reproduction and regeneration in humans and other animals. Thiel says he also follows a Paleo diet, doesn't eat sugar, drinks red wine and runs regularly. The Paleolithic diet, also popularly referred to as the caveman diet, Stone Age diet and hunter-gatherer diet, is a modern nutritional diet designed to emulate, insofar as possible using modern foods, the diet of wild plants and animals eaten by humans during the Paleolithic era. Thiel's Founders Fund is also investing in a number of biotechnology companies to extend human lifespans, including Stem CentRx Inc., which uses stem cell technology for cancer therapy. With the 70 plus years remaining him and inspired by "Atlas Shrugged," Thiel also plans to launch a floating sovereign nation in international waters, freeing him and like-minded thinkers to live by libertarian ideals with no welfare, looser building codes, no minimum wage, and few restrictions on weapons.
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Librarians: The Google Before Google
An anonymous reader writes NPR has an article about the questions people ask librarians. Before the internet, the librarian was your best bet for a quick answer to anything on your mind. "We were Google before Google existed," NYPL spokesperson Angela Montefinise explains. "If you wanted to know if a poisonous snake dies if it bites itself, you'd call or visit us." The New York Public Library in Manhattan recently discovered a box of old reference questions asked by patrons and plans to release some in its Instagram account. Here are a few of the best:
- I just saw a mouse in the kitchen. Is DDT OK to use? (1946)
- What does it mean when you dream of being chased by an elephant? (1947)
- Can you tell me the thickness of a U.S. Postage stamp with the glue on it? Answer: We couldn't tell you that answer quickly. Why don't you try the Post Office? Response: This is the Post Office. (1963)
- Where can I rent a beagle for hunting? (1963)
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Cuba Says the Internet Now a Priority
lpress writes Cuba first connected to the Internet in 1996 through a Sprint link funded by the US National Science Foundation. A year later the Cuban government decided to contain and control it. Now they say the Internet is a priority. If so, they need a long term plan, but they can get started with low cost interim measures. There is virtually no modern infrastructure on the island, but they could aggressively deploy satellite technology at little cost and, where phone lines could support it, install DSL equipment.
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What Happens To Society When Robots Replace Workers?
Paul Fernhout writes: An article in the Harvard Business Review by William H. Davidow and Michael S. Malone suggests: "The "Second Economy" (the term used by economist Brian Arthur to describe the portion of the economy where computers transact business only with other computers) is upon us. It is, quite simply, the virtual economy, and one of its main byproducts is the replacement of workers with intelligent machines powered by sophisticated code. ... This is why we will soon be looking at hordes of citizens of zero economic value. Figuring out how to deal with the impacts of this development will be the greatest challenge facing free market economies in this century. ... Ultimately, we need a new, individualized, cultural, approach to the meaning of work and the purpose of life. Otherwise, people will find a solution — human beings always do — but it may not be the one for which we began this technological revolution."
This follows the recent Slashdot discussion of "Economists Say Newest AI Technology Destroys More Jobs Than It Creates" citing a NY Times article and other previous discussions like Humans Need Not Apply. What is most interesting to me about this HBR article is not the article itself so much as the fact that concerns about the economic implications of robotics, AI, and automation are now making it into the Harvard Business Review. These issues have been otherwise discussed by alternative economists for decades, such as in the Triple Revolution Memorandum from 1964 — even as those projections have been slow to play out, with automation's initial effect being more to hold down wages and concentrate wealth rather than to displace most workers. However, they may be reaching the point where these effects have become hard to deny despite going against mainstream theory which assumes infinite demand and broad distribution of purchasing power via wages.
As to possible solutions, there is a mention in the HBR article of using government planning by creating public works like infrastructure investments to help address the issue. There is no mention in the article of expanding the "basic income" of Social Security currently only received by older people in the U.S., expanding the gift economy as represented by GNU/Linux, or improving local subsistence production using, say, 3D printing and gardening robots like Dewey of "Silent Running." So, it seems like the mainstream economics profession is starting to accept the emerging reality of this increasingly urgent issue, but is still struggling to think outside an exchange-oriented box for socioeconomic solutions. A few years ago, I collected dozens of possible good and bad solutions related to this issue. Like Davidow and Malone, I'd agree that the particular mix we end up will be a reflection of our culture. Personally, I feel that if we are heading for a technological "singularity" of some sort, we would be better off improving various aspects of our society first, since our trajectory going out of any singularity may have a lot to do with our trajectory going into it. -
Machine Learning Reveals Genetic Controls
An anonymous reader writes with this quote from Quanta Magazine: Most genetic research to date has focused on just 1 percent of the genome — the areas that code for proteins. But new research, published today in Science, provides an initial map for the sections of the genome that orchestrate this protein-building process. "It's one thing to have the book — the big question is how you read the book," said Brendan Frey, a computational biologist at the University of Toronto who led the new research (abstract).
For example, researchers can use the model to predict what will happen to a protein when there’s a mistake in part of the regulatory code. Mutations in splicing instructions have already been linked to diseases such as spinal muscular atrophy, a leading cause of infant death, and some forms of colorectal cancer. In the new study, researchers used the trained model to analyze genetic data from people afflicted with some of those diseases. The scientists identified some known mutations linked to these maladies, verifying that the model works. They picked out some new candidate mutations as well, most notably for autism.
One of the benefits of the model, Frey said, is that it wasn’t trained using disease data, so it should work on any disease or trait of interest. The researchers plan to make the system publicly available, which means that scientists will be able to apply it to many more diseases. -
India Successfully Test Fires Its Heaviest Rocket
vasanth (908280) writes India on Thursday moved forward in rocket technology with the successful flight testing of its heaviest next generation rocket and the crew module . The 630-tonne three-stage rocket, Geo-Synchronous Satellite Launch Vehicle Mark III, carried active solid boosters, liquid core stage and a passive cryo stage and a crew module to test its re-entry characteristics. This rocket is capable of doubling the capacity of payloads India can carry into space and it can deposit up to four tonne class of communication satellites into space. India also plans to use this rocket for ferrying Indian astronauts into space. For India, ISRO (the Indian space agency) perfecting the cryogenic engine technology is crucial as India can save precious foreign exchange by launching heavy duty communication satellites by itself.
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Top Five Theaters Won't Show "The Interview" Sony Cancels Release
tobiasly writes The country's top five theater chains — Regal Entertainment, AMC Entertainment, Cinemark, Carmike Cinemas and Cineplex Entertainment — have decided not to play Sony's The Interview. This comes after the group which carried off a massive breach of its networks threatened to carry out "9/11-style attacks" on theaters that showed the film. Update: Sony has announced that it has cancelled the planned December 25 theatrical release.
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New AP Course, "Computer Science Principles," Aims To Make CS More Accessible
theodp writes: "CS Principles," explains the intro to a Microsoft Research talk on a new Computer Science Toolkit and Gaming Course, "is a new AP course being piloted across the country and by making it more accessible to students we can help increase diversity in computing." Towards this end, Microsoft has developed "a middle school computing toolkit, and a high school CS Principles & Games course." These two projects were "developed specifically for girls," explains Microsoft, and are part of the corporation's Big Dream Movement for girls, which is partnering with the UN, White House, NSF, EU Commission, and others. One of Microsoft's particular goals is to "reach every individual girl in her house." According to a document on its website, Microsoft Research's other plans for Bridging the Gender Gap in computing include a partnership with the University of Wisconsin "to create a girls-only computer science Massive Open Online Course (MOOC)."
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Apple Wins iTunes DRM Case
An anonymous reader sends word that Apple's iTunes DRM case has already been decided. The 8-person jury took only a few hours to decide that the features introduced in iTunes 7.0 were good for consumers and did not violate antitrust laws. Following the decision, the plaintiff's head attorney Patrick Coughlin said an appeal is already planned. He also expressed frustrations over getting two of the security features — one that checks the iTunes database, and another that checks each song on the iPod itself — lumped together with the other user-facing features in the iTunes 7.0 update, like support for movies and games. "At least we got a chance to get it in front of the jury," he told reporters. ... All along, Apple's made the case that its music store, jukebox software, and hardware was simply an integrated system similar to video game consoles from Sony, Microsoft, and Nintendo. It built all those pieces to work together, and thus it would be unusual to expect any one piece from another company to work without issues, Apple's attorneys said. But more importantly, Apple offered, any the evolution of its DRM that ended up locking out competitors was absolutely necessary given deals it had with the major record companies to patch security holes.
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Sir Richard Branson Quietly Shelves Virgin Submarine Plan
An anonymous reader writes with news that Sir Richard Branson's goal of diving to the deepest part of the ocean has been put on indefinite hold. "Sir Richard Branson has quietly shelved his latest adventure: an ambitious plan to pilot a submarine to the deepest points of the world's five oceans. The entrepreneur had a grand scheme to explore both space and sea. But his plan for the first rocket ship charging passengers for trips to the edge of space is in jeopardy after the craft crashed during a test flight, killing a pilot. Now Sir Richard's dream of exploring the lowest points on Earth is also on hold. Virgin Oceanic's DeepFlight Challenger submarine was unveiled in a blaze of publicity in April 2011, with Sir Richard describing its mission as 'the last great challenge for humans.' He had hoped the 18ft-long submarine, designed to 'fly' along the ocean floor, would make its maiden voyage to the bottom of the Pacific's Mariana Trench – at a depth of 36,000ft, the lowest known point on Earth – by the end of 2011, or failing that, by 2012."
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Sony Pictures Leak Reveals Quashed Plan To Upload Phony Torrents
retroworks writes Motherboard.vice offers an interesting scoop from the hacked Sony Pictures email trove. A plan championed by Polish marketing employee Magda Mastalerz was to upload false versions of highly-pirated Sony programming, effectively polluting torrent sites with false positives. For example, a "Hannibal"-themed anti-piracy ad to popular torrent sites disguised as the first episode. Sony Pictures legal department quashed the idea, saying that if pirate sites were illegal, it would also be illegal for Sony Pictures to upload onto them. There were plans in WW2 to drop phony counterfeit currency to disrupt markets, and I wonder why flooding underground markets with phony products isn't widespread. Why don't credit card companies manufacture fake lists of stolen credit card numbers, or phony social security numbers, for illegal trading sites? For that matter, would fake ivory, fake illegal porn, and other "false positives" discourage buyers? Or create alibis?
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Microsoft To Open Source Cloud Framework Behind Halo 4 Services
angry tapir writes Microsoft plans to open-source the framework that helps developers of cloud services like those behind Halo 4. Project Orleans is a framework built by the eXtreme Computing Group at Microsoft Research using .NET, designed so developers who aren't distributed systems experts can build cloud services that scale to cope with high demand and still keep high performance. The Orleans framework was used to build several services on Azure, including services that are part of Halo 4. The code will be released under an MIT license on GitHub early next year.
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Google Earth API Will Be Retired On December 12, 2015
An anonymous reader writes Google [on Friday] announced it plans to retire the Google Earth API on December 12, 2015. The reason is simple: Both Chrome and Firefox are removing support for Netscape Plugin Application Programming Interface (NPAPI) plugins due to security reasons, so the API's death was inevitable. The timing makes sense. Last month, Google updated its plan for killing off NPAPI support in Chrome, saying that it would block all plugins by default in January and drop support completely in September. The company also revealed that the Google Earth plugin had dropped in usage from 9.1 percent of Chrome users in October 2013 to 0.1 percent in October 2014. Add dwindling cross-platform support (particularly on mobile devices), and we're frankly surprised the announcement didn't come sooner.
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Computer Error Grounds Flights In the UK
Rambo Tribble writes: Reuters reports that flights from Heathrow, Gatwick, and many other airports have been shut down "due to a computer failure." The information comes from European air traffic control body Eurocontrol. No official word as yet as to the nature of the failure. "One source told the BBC the problem was caused by a computer glitch that co-ordinates the flights coming into London and puts the flights in sequence as they come into land or take off. He described it as a 'flight planning tool problem.'" Incoming flights are still being accommodated.
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LA Mayor Proposes Earthquake Retrofits On Thousands of Buildings
HughPickens.com writes The LA Times reports that Ls Angeles Mayor Eric Garcetti has proposed the most ambitious seismic safety regulations in California history that would require owners to retrofit thousands of buildings most at risk of collapse during a major earthquake. "The time for retrofit is now," says Garcetti, adding that the retrofits target buildings "that are known killers. Complacency risks lives. One thing we can't afford to do is wait." The mayor's plan calls for thousands of wood buildings to be retrofitted within five years, and hundreds of concrete buildings to be strengthened within 30. The retrofitting requirements must be approved by the City Council, and would have to be paid for by the building owners, with the costs presumably passed on to tenants and renters. The costs could be significant: $5,000 per unit in vulnerable wooden buildings and $15 per square foot for office buildings, Business owners, who have expressed concern in the past that these kinds of programs may be unaffordable, said the cost of retrofitting some buildings could easily exceed $1 million each. "This will cost us billions of dollars in the private and public sector," says Garcetti. "But we cannot afford not to do it."
The last major earthquake in Los Angeles was the 6.7-magnitude Northridge quake, which killed close to 60 people in 1994. But it was not close to the catastrophe that seismologists predict if there is a major shift on the San Andreas fault, and the fact that it has not produced a major quake in recent years has fed a sense of complacency. Seismologists now say a 7.5-magnitude event on the Puente Hills would be "the quake from hell" because it runs right under downtown Los Angeles and have estimated that would kill up to 18,000 people, make several million homeless, and cause up to $250 billion in damage. "We want to keep the city up and running after the earthquake happens," says Lucy Jones aka "The Earthquake Lady," a seismologist with the United States Geological Survey and something of a celebrity in a city that is very aware of the potential danger of its location. "If everything in this report is enacted, I believe that L.A. will not just survive the next earthquake, but will be able to recover quickly." -
Peter Sunde: the Pirate Bay Should Stay Down
An anonymous reader writes: We are on the second day since The Pirate Bay was raided by Swedish police. While it's still unclear how hard the site was hit, not everyone is mourning its troubles. Peter Sunde, one of the well-known founders of TPB, wrote, "The Pirate Bay has been raided, again. That happened over 8 years ago last time. That time, a lot of people went out to protest and rally in the streets. Today few seem to care. And I'm one of them." He paints a rather crusty picture: "The site was ugly, full of bugs, old code and old designs. It never changed except for one thing – the ads. More and more ads were filling the site, and somehow when it felt unimaginable to make these ads more distasteful, they somehow ended up even worse." Adding to that, the plan had always been to pull the plug after 10 years, so others could take over. However, when that day came last year, the site remained online. The big question that remains right now is whether The Pirate Bay will make another comeback, or if this is indeed the end. Peter seems to believe that the latter may be the case, but that others will fill the gap.
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Feds Plan For 35 Agencies To Collect, Share, Use Health Records of Americans
cold fjord writes: The Weekly Standard reports, "This week, the Department of Health and Human Services (HHS) announced the release of the Federal Health IT Strategic Plan 2015-2020, which details the efforts of some 35 departments and agencies of the federal government and their roles in the plan to 'advance the collection, sharing, and use of electronic health information to improve health care, individual and community health, and research.' ... Now that HHS has publicly released the Federal Health IT Strategic Plan, the agency is seeking the input from the public before implementation. The plan is subject to two-month period of public comment before finalization. The comment period runs through February 6, 2015." Among the many agencies that will be sharing records besides Health and Human Services are: Department of Agriculture, Department of Defense, Department of Education, Department of Justice and Bureau of Prison, Department of Labor, Federal Communications Commission, Federal Trade Commission, National Aeronautics and Space Administration, Office of Personnel Management, National Institute of Standards and Technology.
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AdNauseam Browser Extension Quietly Clicks On Blocked Ads
New submitter stephenpeters writes The AdNauseam browser extension claims to click on each ad you have blocked with AdBlock in an attempt to obfuscate your browsing data. Officially launched mid November at the Digital Labour conference in New York, the authors hope this extension will register with advertisers as a protest against their pervasive monitoring of users online activities. It will be interesting to see how automated ad click browser extensions will affect the online ad arms race. Especially as French publishers are currently planning to sue Eyeo GmbH, the publishers of Adblock. This might obfuscate the meaning of the clicks, but what if it just encourages the ad sellers to claim even higher click-through rates as a selling point?