United States

Gyro-Copter Lands On West Lawn of US Capitol, Pilot Arrested 324

Posted by samzenpus
from the just-mail-your-taxes-next-time dept.
An anonymous reader writes that Doug Hughes, 61, a mailman from Ruskin, Florida was arrested for landing a gyro-copter on the West Lawn of the U.S. Capitol. "A 61-year-old Florida mailman was arrested Wednesday after he landed a gyrocopter on the U.S. Capitol west lawn. The gyrocopter was carrying the pilot and 535 stamped letters for members of Congress urging 'real reform' to campaign finance laws. Doug Hughes told the Tampa Bay Times ahead of the afternoon stunt that he notified authorities 'well over an hour in advance of getting to the no-fly zone, so they know who I am and what I'm doing.' Capitol police sent dogs and a bomb squad to the scene. Nothing hazardous was found. A city block from the Capitol had been cordoned off."
Google

Google In Talks To Create International Roaming Network 25

Posted by timothy
from the hello-operator dept.
jones_supa writes Google is in talks towards a deal with Hutchison Whampoa, the owner of the mobile operator Three, that will allow United States customers to use their phones abroad at no extra cost. The two giants are discussing a wholesale access agreement that would become an important part of Google's planned attempt to shake up the US mobile market with its own network. It is understood that Google aims to create a global network that will cost the same to use for calls, texts and data no matter where a customer is located. By linking up with Hutchison, it could gain wholesale access to mobile service in the UK, Ireland, Italy and several more countries where the Hong Kong conglomerate owns mobile networks.
AI

Tesla's April Fool's Joke Spoofs Market Algorithms 163

Posted by timothy
from the be-prepared-for-next-year dept.
Okian Warrior writes Yesterday, Tesla's twitter feed and blog announced the new "W" Model. Meaning "Watch" (as in "wristwatch"), the announcement Included a photo of a watch spouting a cumbersome "Big Ben" glued to the face and including this text: "This incredible new device from Tesla doesn't just tell the time, it also tells the date. What's more, it is infinitely adjustable, able to tell the time no matter where you are on Earth. Japan, Timbuktu, California, anywhere! This will change your life. Reality as you know it will never be the same." Clearly, this was an April fool's joke as anyone who reads more than just the headline would immediately guess. The problem is that Bloomberg's fast response team did not. The algos, on massive volume, spiked TSLA stock higher by nearly 1%.
Businesses

Uber Rival Lyft Raises $530M, Will Beef Up IT 54

Posted by samzenpus
from the more-money dept.
jfruh writes "Uber may seem like an unstoppable juggernaut, but its main carhailing service rival Lyft isn't giving up. The company just raised half a billion dollars in funding, much of it from Japanese investors. From the article: "Lyft has raised US$530 million in its latest funding round, and plans to use the money to beef up its IT staff, expand its footprint and boost existing services. Japanese e-commerce company Rakuten led the round. With the latest cash infusion, Lyft has raised a total of $862 million from investors. The ride-hailing company is now reportedly valued at $2.5 billion."
Transportation

Inside Bratislava's Low-Cost, Open Source Bike Share Solution 37

Posted by Soulskill
from the trusting-people-not-to-be-jerks dept.
An anonymous reader writes: The Bike Kitchen started WhiteBikes in Bratislava after a failed attempt by the city to finance a similar program. At first users shared donated bikes with the same lock code. They needed a system that would work somewhat automatically without the need for manual rentals (e.g. somebody giving out bicycles). From there, smsBikeShare was born. Users registered with a mobile phone number and could send basic SMS commands (RENT, RETURN, FREE, WHERE, etc.). The system used an inexpensive SMS gateway API and a local message-back number to receive and respond to messages. Shared bicycles have a coded U-lock with a four-digit number, and upon renting a bike, users receive a code to unlock the bicycle and another to reset it to once they are done. Send a message, receive the answer, unlock the bike, reset the lock, and you're off pedaling.
Businesses

French Nuclear Industry In Turmoil As Manufacturer Buckles 384

Posted by samzenpus
from the bad-times dept.
mdsolar writes with bad news for France and its nuclear industry. "France's nuclear industry is in turmoil after the country's main reactor manufacturer, Areva, reported a loss for 2014 of 4.8 billion euros ($5.3 billion) — more than its entire market value. The government of France, the world's most nuclear dependent country, has a 29% stake in Areva, which is among the biggest global nuclear technology companies. The loss puts its future — and that of France as a leader in nuclear technology — at risk. Energy and Environment Minister Segolene Royal said Wednesday she asked Areva and utility giant Electricite de France to work together on finding solutions, amid reports of a possible merger or other link-up. The government said in a statement that it's working closely with Areva to restructure and secure financing, and would 'take its responsibility as a shareholder' in future decisions about its direction. Areva reported Wednesday 1 billion euros in losses on three major nuclear projects in Finland and France, among other hits. Areva has lost money for years, in part linked to delays on those projects and to a global pullback from nuclear energy since the 2011 Fukushima accident."
Software

How a Kickstarter Project Can Massively Exceed Its Funding Goals and Still Fail 217

Posted by Soulskill
from the optimism-to-a-fault dept.
An anonymous reader writes: In November, 2013, a Kickstarter project for a software-defined camera trigger scored £290,386 (~$450,000) in funding after asking for a mere £50,000. After almost a year of delays, they've now announced the project is dead. Their CEO has published a lengthy article about how such a successful funding round can still turn into a failed product. In short: budgeting. To get their software into a workable state, they ended up spending 940% of the amount they'd originally allocated to software development. Their protoyping went over budget, too, and they had to spend a fair bit in legal fees to fend off a major camera manufacturer complaining about their product's name.

Still, they had more funding than they expected, and would have been able to deal with these costs. Unfortunately, the bill of materials for their final product clocked in way higher than they expected. They would have had to sell the device at about $350 each, when they were originally targeting a $99 price point. (And that figure assumes good sales — with a smaller production run, price per unit goes even higher.) The company is now going to refund the remaining money left over from its Kickstarter campaign — about 20% of the total. They're also open sourcing the software and sharing the PCB designs and schematics.
Businesses

Under US Pressure, PayPal Stops Working With Mega 136

Posted by Soulskill
from the you-wouldn't-download-a-car dept.
New submitter seoras sends news that PayPal is now refusing to handle payments for Mega, Kim Dotcom's cloud storage service. A report (PDF) issued in September of last year claimed Mega and other "cyberlocker" sites made a great deal of illicit money off piracy. Mega disputes this, of course, and says the report caused U.S. Senator Patrick Leahy to pressure credit card companies to stop working with Mega. Those companies then pressured PayPal to stop as well. The hosting company claims, "MEGA provided extensive statistics and other evidence showing that MEGA’s business is legitimate and legally compliant. After discussions that appeared to satisfy PayPal’s queries, MEGA authorised PayPal to share that material with Visa and MasterCard. Eventually PayPal made a non-negotiable decision to immediately terminate services to MEGA."
Displays

Pebble Time Smartwatch Receives Overwhelming Support On Kickstarter 141

Posted by Soulskill
from the will-it-run-crysis? dept.
DJAdapt writes: Pebble Time, the successor to the Pebble & Pebble Steel smartwatches, has gone up on crowdfunding site Kickstarter, hitting its $500,000 goal in 17 minutes and hitting the $2M mark in less than an hour. The new wearable is touting a color e-paper display and microphone for responding to notifications. It also has features Pebble users are already familiar with, such as seven days of battery life, water resistance, and an extensive library of watch faces and apps. Will any of you be jumping on this? Holding out for the Apple Watch? Waiting for wearables to get more capable?
The Almighty Buck

Will Greek Finance Minister Varoufakis Support Cryptocurrency In Greece? 253

Posted by timothy
from the for-health-points dept.
giulioprisco writes New Greek Finance Minister Yanis Varoufakis, former Economist-in-Residence at game developer Valve Corporation, sees something like Bitcoin — or, more likely, a state-controlled "Fedcoin" — possibly playing a role in the (necessarily creative) rescue of the Greek economy. "The technology of Bitcoin, if suitably adapted, can be employed profitably in the Eurozone," he said.
Businesses

No Tech Bubble Here, Says CNN: "This Time It's Different." 252

Posted by timothy
from the don't-forget-apple dept.
ErichTheRed writes I saw this on the Money page of CNN today. Apparently, various stock analysts have declared that this run-up in stock prices is different than the 1999 version. OK, we don't have the pets.com sock puppet, Webvan or theglobe.com anymore, but when Uber is given a valuation of $40 billion, can a crash be far behind?
Movies

Spider-Man Finally Joining the Marvel Cinematic Universe 98

Posted by Soulskill
from the will-live-and-die-and-live-and-die-and-live-again dept.
New submitter Chas writes: After years of Marvel fans screaming for a more unified approach to the Marvel Cinematic Universe between the property-holders (Sony, Marvel, Fox), Marvel has announced that they've reached a deal with Sony to bring Spider-Man into the MCU.

From the announcement: "Under the deal, the new Spider-Man will first appear in a Marvel film from Marvel's Cinematic Universe (MCU). Sony Pictures will thereafter release the next installment of its $4 billion Spider-Man franchise, on July 28, 2017, in a film that will be co-produced by Kevin Feige and his expert team at Marvel and Amy Pascal, who oversaw the franchise launch for the studio 13 years ago. Together, they will collaborate on a new creative direction for the web slinger. Sony Pictures will continue to finance, distribute, own and have final creative control of the Spider-Man films. Marvel and Sony Pictures are also exploring opportunities to integrate characters from the MCU into future Spider-Man films."
Bitcoin

Another Bitcoin Exchange Fraud 53

Posted by timothy
from the whereas-governments-debase-the-money-instead dept.
Ellie K writes Bitcoin exchange MyCoin has vanished — leaving $387 million in investor funds unaccounted for. MyCoin is a Hong Kong-based virtual currency trading exchange. Bitcoin exchanges are no stranger to controversy. Mt. Gox closed in February 2014, filing for bankruptcy and leaving investors approximately $500 million out of pocket. Others were 'cyberattacked' including Flexcoin, Poloniex and Bitcurex.
The Almighty Buck

HSBC Banking Leak Shows Tax Avoidance, Dealings With Criminals 129

Posted by Soulskill
from the all-about-the-benjamins dept.
An anonymous reader writes: Data in a massive cache of leaked secret bank account files lift the lid on questionable practices at a subsidiary of one of the world's biggest financial institutions. HSBC's Swiss banking arm did the following: Routinely allowed clients to withdraw bricks of cash, often in foreign currencies of little use in Switzerland; Aggressively marketed schemes likely to enable wealthy clients to avoid European taxes; Colluded with some clients to conceal undeclared "black" accounts from their domestic tax authorities; and provided accounts to international criminals, corrupt businessmen and other high-risk individuals. For its part, HSBC admits that it is liable for past transgressions but claims its practices have changed.
Bitcoin

Alleged Bitcoin Scam Leaves Millions Missing 148

Posted by samzenpus
from the I-think-I've-heard-this-story dept.
First time accepted submitter OutOnARock writes Yahoo Finance is reporting on the latest Bitcoin scam, this time from Hong Kong. "Investors in a Hong Kong-based Bitcoin trading company fear they have fallen victim to a scam after it closed down, a lawmaker said Monday, adding losses could total HK$3 billion ($387 million). Leung Yiu-chung said his office recently received reports from dozens of investors in Hong Kong who paid a total of HK$40 million ($5.16 million) into the scheme run online by MyCoin, but the total loss may be vastly more. 'The number of cases is increasing. These two days I received calls about more than 30 cases. We estimate more than 3,000 people and HK$3 billion are involved,' he told AFP."
Wireless Networking

US Wireless Spectrum Auction Raises $44.9 Billion 91

Posted by Soulskill
from the all-about-the-wireless-benjamins dept.
An anonymous reader writes: The FCC's recent wireless spectrum auction closed on Thursday, and the agency has raked in far more money than anyone expected. Sales totaled $44.89 billion, demonstrating that demand for wireless spectrum is higher than ever. The winners have not yet been disclosed, but the FCC will soon make all bidding activity public. "The money will be used to fund FirstNet, the government agency tasked with creating the nation's first interoperable broadband network for first responders, to finance technological upgrades to our 911 emergency systems, and to contribute over $20 billion to deficit reduction. In addition, the auction brought 65 Megahertz of spectrum to market to fuel our nation's mobile broadband networks. The wireless industry estimates that for every 10 Megahertz of spectrum licensed for wireless broadband, 7,000 American jobs are created and U.S. gross domestic product increases by $1.7 billion."
Businesses

Alibaba Face Off With Chinese Regulator Over Fake Products 79

Posted by samzenpus
from the clean-up-your-act dept.
hackingbear writes China's State Administration of Industry and Commerce on Wednesday issued a scathing report against one of the country's biggest stars, accusing e-commerce giant Alibaba of failing to do enough to prevent fake goods from being sold on its websites. SAIC said Alibaba allowed "illegal advertising" that misled consumers with false claims about low prices and other details. It claims some Alibaba employees took bribes and the company failed to deal effectively with fraud. Alibaba fired back with charges of bias and misconduct by accusing the SAIC official in charge of Internet monitoring, Liu Hongliang, of unspecified "procedural misconduct" and warned it will file a formal complaint. Such public defiance is almost unheard of in China. Apparently, Alibaba has long attained the too big to fail status.
Businesses

Apple Posts $18B Quarterly Profit, the Highest By Any Company, Ever 534

Posted by Soulskill
from the all-about-the-benjamins dept.
jmcbain writes: Yesterday, Apple reported its financial results for the quarter ending December 27, 2014. The company posted $18 billion in profit (on $74 billion in revenue), the largest quarterly profit by any company, ever. The previous record was $16 billion by Russia's Gazprom (the largest natural gas extractor in the world) in 2011. Apple sold 74.5 million iPhones last quarter, along with 5.5 million Macs and 21.4 million iPads.
The Almighty Buck

Valve's Economist Yanis Varoufakis Appointed Greece's Finance Minister 328

Posted by timothy
from the finger-on-all-the-buttons dept.
eldavojohn writes A turnover in the Greek government resulted from recent snap elections placing SYRIZA (Coalition of the Radical Left) in power — just shy of an outright majority by two seats. Atheist, and youngest Prime Minister in Greek history since 1865, Alexis Tsipras has been appointed the new prime minister and begun taking immediate drastic steps against the recent austerity laws put in place by prior administrations. One such step has been to appoint Valve's economist Yanis Varoufakis to position of Finance Minister of Greece. For the past three years Varoufakis has been working at Steam to analyze and improve the Steam Market but now has the opportunity to improve one of the most troubled economies in the world.
Security

Ed Felten: California Must Lead On Cybersecurity 80

Posted by timothy
from the so-goes-the-nation dept.
An anonymous reader writes In a Sacramento Bee op-ed, (in)famous computer security researcher Ed Felten responds to the State of the Union cybersecurity proposal. He doesn't mince words: "The odds of clearing Congress: low. The odds of materially improving security: even lower. "What he suggests as an alternative, though, is a surprise. "California," he writes, "could blaze a trail for effective cybersecurity policy." He calls for the state government to protect critical infrastructure and sensitive data, relying on outside auditors and experts. It's an interesting idea. Even if it doesn't go anywhere, at least it's some fresh thinking in this area of backward policy. From Felten's essay: Critical infrastructure increasingly relies on industrial automation systems. And those systems are often vulnerable – they keep a default password, for instance, or are accessible from the public Internet. These are not subtle or sophisticated errors. Fixing them requires basic due diligence, not rocket science. Requiring the state’s critical infrastructure providers to undergo regular security audits would be straightforward and inexpensive – especially relative to the enormous risks. Areas of sensitive data are also low-hanging cyber fruit. In health care, education and finance, California already imposes security and privacy requirements that go beyond federal law. Those legal mandates, though, are mostly enforced through after-the-fact penalties. Much like critical infrastructure, sectors that rely upon sensitive data would benefit from periodic outside auditing. Of any state government's, California's policies also have the chance to help (or harm) the most people: nearly 39 million people, according to a 2014 U.S. Census estimate.