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Comment Re: China (Score 3, Insightful) 70

China accumulates USD by selling the US stuff. They trade that USD for US bonds so they can earn interest. The bonds aren't redeemable before maturity. At any time, the US govt can create $14T to repay the bonds in cash. The Chinese bondholders don't really want to redeem their bonds, since then they're back to holding cash, which isn't paying interest.

US stuff buyers also ended up with $14T worth of stuff, which matches exactly the $14T that Chinese stuff sellers exchanged for the bonds.

Around it goes. That's a trade deficit.

Submission + - TV's Future doesn't include broadcasting.. 1

hhawk writes: I've written about the future of TV since the early 1990's. I was inspired by Google's Chromecast, which I feel will help accelerate the demise of Broadcast TV. Models like YouTube, which provide free distribution and monetization is the classic "free" TV business model adapted for IP transport. I blog how at $35 the Chromecast makes model viable for 10's of millions of TV screens.
Censorship

Amazon Censorship Expands 764

Nom du Keyboard writes "Recently word leaked out about Amazon removing titles containing fictional incest. Surprisingly that ban didn't extend to the 10 titles of Science Fiction Grand Master Robert A. Heinlein that incorporate various themes of incest and pedophilia. Now, it seems that the censorship is expanding to m/m gay fiction if it contains the magic word 'rape' in the title. Just how far is this going to be allowed to proceed in relative silence, and who is pushing these sudden decisions on Amazon's part?"
Canada

Canada To Mandate ISP Deep Packet Inspection 313

An anonymous reader writes "The Canadian government has proposed new legislation that would require ISPs to install deep-packet inspection capabilities. The proposal includes a laundry list of surveillance requirements, police review of ISP employees and technologies, and the mandated disclosure of a broad range of subscriber information without any court oversight."
Hardware Hacking

Building a Telegraph Using Only Stone Age Materials 238

MMBK writes "It's the ultimate salvagepunk experiment, building a telegraph out of things found in the woods. From the article: 'During the summer of 2009, artist Jamie O’Shea of the organization Substitute Materials set out to test whether or not electronic communication could have been built at any time in history with the proper knowledge, and with only tools and materials found in the wilderness of New Jersey.'"
Canada

Scientists Fight Back In Canada 277

Trufagus writes "The current Canadian government is widely regarded as 'anti-science,' and this year they have stepped up their efforts to undermine scientists and control their contact with the media. But now the federal scientists are fighting back and have just launched their own website. Gary Corbett, president of the Professional Institute of the Public Service of Canada, said, 'If science isn't supported then you're going to find that decisions are going to be made more at the political level,' on Monday as the union launched their website."
Earth

US Military Orders Less Dependence On Fossil Fuel 317

Hugh Pickens writes "The NY Times reports that it can cost hundreds of dollars to get each gallon of traditional fuel to forward base camps in Afghanistan, so with enemy fighters increasingly attacking American fuel supply convoys crossing the Khyber Pass from Pakistan, the military is pushing aggressively to develop, test and deploy renewable energy to decrease its need to transport fossil fuels. 'Fossil fuel is the No. 1 thing we import to Afghanistan,' says Ray Mabus, the Navy secretary, 'and guarding that fuel is keeping the troops from doing what they were sent there to do, to fight or engage local people.' The 150 Marines of Company I, Third Battalion, Fifth Marines, will be the first to take renewable technology into a battle zone, bringing portable solar panels that fold up into boxes; energy-conserving lights; solar tent shields that provide shade and electricity; solar chargers for computers and communications equipment replacing diesel and kerosene-based fuels that would ordinarily generate power to run their encampment."
Spam

Canadian Spammer Fined Over $1 Billion 379

innocent_white_lamb writes "A man has been fined ONE BEELYUN DOLLARS (yes, really) for sending 4,366,386 spam messages that were posted on Facebook. He was fined $100 for each message, and including punitive damages he now owes $1,068,928,721.46. A ruling by a US District Court judge in San Jose, California has now been upheld by the Quebec Superior Court (the defendant lives in Montreal)."
Hardware

It's Time To Build the Analytical Engine 127

macslocum writes "John Graham-Cumming is launching a project to finish Charles Babbage's dream and build an Analytical Engine for public display. The goal: inspire future generations of scientists to work on their own 100-year leaps."
Medicine

15-Year-Old Boy Fitted With Robotic Heart 241

An anonymous reader writes "What do you do when a 15-year-old boy is close to death and ineligible for a heart transplant? If you're Dr. Antonio Amodeo you turn to an artificial solution and transplant a robotic heart, giving the boy another 20-25 years of life. The Italian boy in question suffers from Duchenne muscular dystrophy, which rapidly degenerates the muscles and eventually leads to death. Having such a disease renders the boy ineligible for a heart transplant, meaning almost certain death without an alternative solution. Dr. Amodeo found such an alternative in the form of a 90-gram, fully-robotic heart that took 10 hours to fit inside the boy's left ventricle. It is a permanent solution offering as much as 25 years of life and is powered by a battery worn as a belt."
Canada

The Binary Code In Canada's Gov-Gen Coat of Arms 486

Lev13than writes "Dr. David Johnston, formerly the president of the University of Waterloo, was installed as Canada's new Governor-General on Friday. As de facto head of state and the Queen's representative in Canada he is required to design a personal coat of arms. One modern detail has attracted particular attention - a 33-digit palindromic binary stream at the base. Efforts to decode the meaning of the number using ASCII, Morse, grouping by 3/11 and other theories has so far come up empty (right now it's a toss up between random, the phone number 683-077-0643 and Morse code for 'send help - trapped in a coat of arms factory.') Is 110010111001001010100100111010011 the combination to his luggage, or just a random stream of digits?"
Google

Hunters Shot Down Google Fiber 1141

aesoteric writes "Google has revealed that aerial fiber links to its data center in Oregon were 'regularly' shot down by hunters, forcing the company to put its cables underground. Hunters were reportedly trying to hit insulators on electricity distribution poles, which also hosted aerially-deployed fiber connected to Google's $600 million data center in The Dalles. 'I have yet to see them actually hit the insulator, but they regularly shoot down the fiber,' Google's network engineering manager Vijay Gill told a conference in Australia. 'Every November when hunting season starts invariably we know that the fiber will be shot down, so much so that we are now building an underground path [for it].'"
Censorship

Canadian Government Muzzling Scientists 352

IllogicalStudent writes with this excerpt from The Vancouver Sun: "The Harper government has tightened the muzzle on federal scientists, going so far as to control when and what they can say about floods at the end of the last ice age. Natural Resources Canada scientists were told this spring they need 'pre-approval' from Minister Christian Paradis' office to speak with journalists. Their 'media lines' also need ministerial approval, say documents obtained by Postmedia News through access-to-information legislation. The documents say the 'new' rules went into force in March and reveal how they apply not only to contentious issues, including the oilsands, but benign subjects such as floods that occurred 13,000 years ago. They also give a glimpse of how Canadians are being cut off from scientists whose work is financed by taxpayers, critics say, and is often of significant public interest — be it about fish stocks, genetically modified crops or mercury pollution in the Athabasca River."
The Courts

Facebook Says It Owns 'Book' 483

An anonymous reader writes "The Chicago Tribune is reporting that Facebook has sued a tiny start-up called Teachbook.com over the use of 'book' in its name. The start-up, which has two employees, aims to provide tools for teachers to manage their classrooms and share lesson plans and other resources. 'Effectively they're bombing a mosquito here, and we're not sure why they want to do that,' Teachbook.com co-director Greg Shrader told the Tribune. Facebook said its use of 'book' in its name is 'highly distinctive in the context of online communities and networking websites.' Facebook apparently is alleging that no other online 'network of people' can use the word 'book' in its name without violating its trademark."

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