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The Almighty Buck

Women Founders Outpace Male Counterparts In Certain Types of Kickstarter Funding 98

Posted by samzenpus from the gathering-the-cash dept.
Nerval's Lobster writes Women outpace men when it comes to raising money for technology projects through crowdfunding sites such as Kickstarter, according to a new study by researchers at New York University and the Wharton School at the University of Pennsylvania. Jason Greenberg (NYC) and Ethan Mollick (Wharton/UPenn) chose 1,250 Kickstarter projects in five categories: games and technology, where founders were predominantly male; film, with an even gender distribution; and fashion and children's books, both populated with more female founders and backers. They analyzed additional factors such as "industry typing" (a theory in which people 'often hold conscious or unconscious biases about what gender is the archetype employee in a particular occupation or industry') and restricted the data set by geography and how much money each Kickstarter project wanted (a project aiming for less than $5,000 may attract an inordinate percentage of family and friends as funders, skewing results). After crunching the data, they found that female founders of technology projects were more likely than males to achieve their Kickstarter goals, a finding that didn't extend to the other four categories. "It appears female backers are responsible for helping female founders succeed in specific industry categories that women backers generally disfavor," they theorized, adding a little later: "The value of crowdfunding is that it enables access to a pool of potential female backers particularly inclined to support women in industry categories in which they believe women to be underrepresented."
Crime

WikiLeaks' Assange Hopes To Exit London Embassy "Soon" 299

Posted by samzenpus from the leaving-the-building dept.
An anonymous reader writes Julian Assange has hosted a press conference in which he indicated he is soon about to leave the embassy of Ecuador in London. From the article: "WikiLeaks founder Julian Assange, who has spent over two years in Ecuador's London embassy to avoid a sex crimes inquiry in Sweden, said on Monday he planned to leave the building 'soon', but Britain signaled it would still arrest him if he tried. Assange made the surprise assertion during a news conference alongside Ecuador's Foreign Minister Ricardo Patino. But his spokesman played down the chances of an imminent departure, saying the British government would first need to revise its position and let him leave without arrest, something it has repeatedly refused to do.
The Internet

Web Trolls Winning As Incivility Increases 457

Posted by Soulskill from the i-might-know-where-you-can-find-a-moderation-system-for-a-good-price dept.
mdsolar sends this story from the NY Times: The Internet may be losing the war against trolls. At the very least, it isn't winning. And unless social networks, media sites and governments come up with some innovative way of defeating online troublemakers, the digital world will never be free of the trolls' collective sway. That's the dismal judgment of the handful of scholars who study the broad category of online incivility known as trolling, a problem whose scope is not clear, but whose victims keep mounting. "As long as the Internet keeps operating according to a click-based economy, trolls will maybe not win, but they will always be present," said Whitney Phillips, a lecturer at Humboldt State University and the author of This Is Why We Can't Have Nice Things, a forthcoming book about her years of studying bad behavior online. "The faster that the whole media system goes, the more trolls have a foothold to stand on. They are perfectly calibrated to exploit the way media is disseminated these days."
Patents

Patents That Kill 240

Posted by Unknown Lamer from the no-medicine-for-you dept.
wabrandsma (2551008) writes From The Economist: "The patent system, which was developed independently in 15th century Venice and then in 17th century England, gave entrepreneurs a monopoly to sell their inventions for a number of years. Yet by the 1860s the patent system came under attack, including from The Economist. Patents, critics argued, stifled future creativity by allowing inventors to rest on their laurels. Recent economic research backs this up."
United States

Every Day Is Goof-Off-At-Work Day At the US Patent and Trademark Office 327

Posted by samzenpus from the I'll-do-it-later dept.
McGruber writes An internal investigation by the U.S. Patent and Trademark Office found that some of its 8,300 patent examiners repeatedly lied about the hours they were putting in and many were receiving bonuses for work they did not do. While half of the USPTO's Patent Examiners work from home full time, oversight of the telework program — and of examiners based at the Alexandria headquarters — was "completely ineffective," investigators concluded. The internal investigation also unearthed another widespread problem. More than 70 percent of the 80 managers interviewed told investigators that a "significant" number of examiners did not work for long periods, then rushed to get their reviews done at the end of each quarter. Supervisors told the review team that the practice "negatively affects" the quality of the work. "Our quality standards are low," one supervisor told the investigators. "We are looking for work that meets minimal requirements." Patent examiners review applications and grant patents on inventions that are new and unique. They are experts in their fields, often with master's and doctoral degrees. They earn at the top of federal pay scale, with the highest taking home $148,000 a year.
Government

Snowden Granted 3 More Years of Russian Residency 266

Posted by timothy from the backwards-world dept.
SiggyRadiation writes Edward Snowden is allowed to stay in Russia for three more years. According to the NYPost:"His lawyer, Analtoly Kucherena, was quoted by Russian news agencies on Thursday as saying Snowden now has been granted residency for three more years, but that he had not been granted political asylum. That status, which would allow him to stay in Russia permanently, must be decided by a separate procedure, Kucherena said, but didn't say whether Snowden is seeking it." The question that remains, of course, is did the Russians use this as leverage over him to get to more information or influence him? Or is the positive PR in itself enough for the Russians in the current climate of tensions and economic sanctions relating to the Ukraine crisis?"
The Courts

Apple and Samsung Agree To Drop Cases Outside the US 46

Posted by samzenpus from the why-can't-we-be-friends? dept.
mrspoonsi writes Apple and Samsung have agreed to withdraw all legal cases against each other outside the United States. The two rivals have sued each other over a range of patent disputes in nine countries outside the US, including the UK, South Korea, Japan and Germany. A joint statement said the agreement "does not involve any licensing arrangements", and they would continue to pursue existing cases in US courts. The two firms are the biggest players in the smartphone and tablet PC market. But they have been involved in a bitter legal battle, spread across various countries, which has escalated in recent years.
Privacy

40% Of People On Terror Watch List Have No Terrorist Ties 256

Posted by Unknown Lamer from the friendly-neighborhood-terrorist dept.
Advocatus Diaboli (1627651) writes with the chilling, but not really surprising, news that the U.S. government is aware that many names in its terrorist suspect database are not linked to terrorism in any way. From the article: Nearly half of the people on the U.S. government's widely shared database of terrorist suspects are not connected to any known terrorist group, according to classified government documents obtained by The Intercept. Of the 680,000 people caught up in the government's Terrorist Screening Database — a watchlist of "known or suspected terrorists" that is shared with local law enforcement agencies, private contractors, and foreign governments — more than 40 percent are described by the government as having "no recognized terrorist group affiliation." That category — 280,000 people — dwarfs the number of watchlisted people suspected of ties to al Qaeda, Hamas, and Hezbollah combined.
Government

Edward Snowden Is Not Alone: US Gov't Seeks Another Leaker 204

Posted by timothy from the well-maybe-he's-just-that-good dept.
bobbied (2522392) writes Apparently Edward Snowden is not alone. CNN is reporting that recent leaked documents published by The Intercept (a website that has been publishing Snowden's leaked documents) could not have been leaked by Snowden because they didn't exist prior to his fleeing the USA and he couldn't possibly have accessed them. Authorities are said to be looking for a new leaker.
Microsoft

Microsoft Files Legal Action Against Samsung Over Android Patent Dispute 83

Posted by Soulskill from the ready-for-a-rematch dept.
DroidJason1 writes: Microsoft has filed a contract dispute lawsuit against Samsung over what Microsoft claims is a breach of contract by Samsung involving Android patent royalties. Back in 2011, Samsung voluntarily entered into a legally binding contract with Microsoft in a cross-licensing IP agreement involving Android patents. Samsung has grown over the past few years and now believes that Microsoft's recent acquisition of Nokia nulls the agreement. Microsoft has gone to court and is asking to settle the disagreement with Samsung in order to continue the original agreement.
The Courts

Judge: US Search Warrants Apply To Overseas Computers 502

Posted by Unknown Lamer from the prepare-for-extradition-to-north-korea dept.
jfruh (300774) writes Investigators in a criminal case want to see some emails stored on Microsoft's servers in Ireland. Microsoft has resisted, on the grounds that U.S. law enforcement doesn't have jurisdiction there, but a New York judge ruled against them, responding to prosecutors' worries that web service providers could just move information around the world to avoid investigation. The case will be appealed.
Security

The CIA Does Las Vegas 124

Posted by Unknown Lamer from the join-the-darker-side dept.
Nicola Hahn (1482985) writes Despite the long line of covert operations that Ed Snowden's documents have exposed, public outcry hasn't come anywhere near the level of social unrest that characterized the 1960s. Journalists like Conor Friedersdorf have suggested that one explanation for this is that the public is "informed by a press that treats officials who get caught lying and misleading (e.g., James Clapper and Keith Alexander) as if they're credible."

Certainly there are a number of well-known popular venues which offer a stage for spies to broadcast their messages from while simultaneously claiming to "cultivate conversations among all members of the security community, both public and private." This year, for instance, Black Hat USA will host Dan Greer (the CISO of In-Q-Tel) as a keynote speaker.

But after all of the lies and subterfuge is it even constructive to give voice to the talking points of intelligence officials? Or are they just muddying the water? As one observer put it, "high-profile members of the intelligence community like Cofer Black, Shawn Henry, Keith Alexander, and Dan Greer are positioned front and center in keynote slots, as if they were glamorous Hollywood celebrities. While those who value their civil liberties might opine that they should more aptly be treated like pariahs."
Lord of the Rings

The Hobbit: the Battle of Five Armies Trailer Released 156

Posted by Soulskill from the defining-chapter-in-a-very-literal-sense dept.
An anonymous reader writes: The first teaser trailer for the final installment of the Middle Earth saga, The Hobbit: The Battle of Five Armies, debuted at Comic-Con, and now Warner Bros have made it available online. While the trailer contains some nice shots on a visual level, very much in keeping with the Lord of the Rings trilogy, about 80% of the trailer's awesomeness is provided by the background music. Pippin's mournful song from Return of the King plays intercut with the doomed mission that Faramir leads on his father Denethor's orders.
The Almighty Buck

35% of American Adults Have Debt 'In Collections' 570

Posted by Soulskill from the all-the-cool-kids-are-doing-it dept.
New submitter meeotch writes: According to a new study by the Urban Institute, 35% of U.S. adults with a credit history (91% of the adult population of the U.S.) have debt "in collections" — a status generally not acquired until payments are at least 180 days past due. Debt problems seem to be worse in the South, with states hovering in the 40%+ range, while the Northeast has it better, at less than 30%. The study's authors claim their findings actually underrepresent low-income consumers, because "adults without a credit file are more likely to be financially disadvantaged."

Oddly, only 5% of adults have debt 30-180 days past due. This latter fact is partially accounted for by the fact that a broader range of debt can enter "in collections" status than "past due" status (e.g. parking tickets)... But also perhaps demonstrates that as one falls far enough along the debt spiral, escape becomes impossible. Particularly in the case of high-interest debt such as credit cards — the issuers of which cluster in states such as South Dakota, following a 1978 Supreme Court ruling that found that states' usury laws did not apply to banks headquartered in other states.

Even taking into account the folks who lost a parking ticket under their passenger seat, 35% is a pretty shocking number. Anyone have other theories why this number is so much higher than the 5% of people who are just "late"? How about some napkin math on the debt spiral?
Crime

A 24-Year-Old Scammed Apple 42 Times In 16 Different States 419

Posted by timothy from the fool-me-42-times-won't-get-fooled-again dept.
redletterdave (2493036) writes "Sharron Laverne Parrish Jr., 24, allegedly scammed Apple not once, but 42 times, cheating the company out of more than $300,000 — and his scam was breathtakingly simple. According to a Secret Service criminal complaint, Parrish allegedly visited Apple Stores and tried to buy products with four different debit cards, which were all closed by his respective financial institutions. When his debit card was inevitably declined by the Apple Store, he would protest and offer to call his bank — except, he wasn't really calling his bank. So he would allegedly offer the Apple Store employees a fake authorization code with a certain number of digits, which is normally provided by credit card issuers to create a record of the credit or debit override. But that's the problem with this system: as long as the number of digits is correct, the override code itself doesn't matter."

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