An anonymous reader writes: James Tobin, a Nobel Prize-winning economist, developed a concept called "Q-value" — it's the ratio between two numbers: 1) the sum of all publicly-traded companies' stock valuations and 2) the value of all these companies' actual assets, if they were sold. Bloomberg reports that the continued strength of the stock market has now caused that ratio to go over 1 — in other words, the market values companies about 10% higher than the sum of their actual assets. The Q value is now at its highest point since the Dot-com bubble. Similar peaks in the past hundred years have all been quickly followed by crashes.

Now, that's not to say a crash is imminent — experts disagree on the Q-value's reliability. One said, "the ratio's doubling since 2009 to 1.10 is a symptom of companies diverting money from their businesses to the stock market, choosing buybacks over capital spending. Six years of zero-percent interest rates have similarly driven investors into riskier things like equities, elevating the paper value of assets over their tangible worth." Others point out that as the digital economy grows, a greater portion of publicly traded companies lack the tangible assets that were the hallmark of the manufacturing boom.

An anonymous reader writes: CNET reports that Kim Dotcom views Hillary Clinton as "an enemy of online freedom." Hilary's candidacy came up when Kim was asked about a tweet he made in which he called himself "Hillary's worse nightmare in 2016." He says now that Wikileaks founder Julian Assange would probably be a bigger headache for Clinton. "I'm aware of some of the things that are going to be roadblocks for her," he added. Dotcom said he hoped to expand the influence of the Internet Party and provide some transparency. Brietbart adds that a conflict between Assange and Clinton may have personal motivations, but it also seems inevitable. Hillary is obsessive about maintaining control of information. She created a personal server in her home to handle her emails as Secretary of State and then deleted all the contents after self-selecting the emails she believed were work-related. Assange is famous for parceling out secret information."

An anonymous reader writes with news that members of British intelligence agency GCHQ have been granted immunity from prosecution for any laws they might have violated while hacking into citizens' computers or cellphones. The immunity was granted by changes to the Computer Misuse Act that weren't noticed until now, and not discussed or debated when implemented. While different legislation has long been thought to grant permission for illegal activities abroad, civil rights groups were unaware that domestic hacking activities were covered now as well. The legislative changes were passed on March 3rd, 2015, long after domestic spying became a hot-button issue, and almost a year after Privacy International and several ISPs filed complaints challenging it.

An anonymous reader writes: The Canadian government's decision to extend the term of copyright for sound recordings in the budget may have taken most copyright observers by surprise, but not the music industry. The extension will reduce competition, increase costs for consumers, and harm access to Canadian Heritage, but apparently all it took was a letter from the music industry lobby to the Prime Minister of Canada. Michael Geist reports on a letter sent by Prime Minister Stephen Harper to the music lobby on the day the change was announced confirming that industry lobbying convinced him to extend the term of copyright without any public consultation or discussion.

Mark Wilson has news that may have a big impact on both advertisers and end-users who use their phones as portals to ad-supported websites. Several European telecom providers are apparently planning to use ad-blocking software at the data-center level, which would mean benefit for users (in the form of less obnoxious advertising, and less data being eaten by it) but quite a pickle for online advertisers, and sites that rely on advertising revenue. From BetaNews's article (based on this Financial Times article, paywalled): Talking to the Financial Times, one wireless carrier said that the software had been installed at its data centers and could be enabled by the end of the year. With the potential to automatically block most ads on web pages and within apps, the repercussion of the ad boycott could be huge as mobile providers try to wrestle control from the likes of Google. I just wish my mobile provider would start testing this out, too.

schwit1 writes: In a series of party line votes, the House Science Committee has approved a number of changes to the laws that govern the private commercial space industry. Almost all of the changes were advocated by the industry itself, so in general they move to ease the regulatory and liability burdens that have been hampering the industry since the 2004 revisions to space law. While it is very unlikely commercial space can ever get free of strong federal regulation, these changes indicate that they can eventually get some of the worst regulations eased.

MojoKid writes: Rockstar's Grand Theft Auto series has been wildly successful for many years now, offering some of the edgiest story lines, game play tactics and objectives the gaming industry has ever seen. With psychopathic main characters, you are left in the depraved communities of Los Santos and Blaine County, to walk a path few would dare choose in real life. And it's rather entertaining of course, that you're tasked with leaving a virtual world worse off than you found it, consequences be damned. But what does it take to run GTA V at 4K (3840X2160) resolution? This article takes a look at that, as well as how it scales over multiple NVIDIA GeForce GTX 980 GPUs, along with some screen shots that look at image quality at Ultra HD resolution. It's safe to say one strong, high-end GPU will get the job done, but two in SLI or CrossFire are better of course, if you want to max out all IQ settings.

An anonymous reader writes: Oculus has selected the baseline hardware requirements for running their Rift virtual reality headset. To no one's surprise, they're fairly steep: NVIDIA GTX 970 / AMD 290 equivalent or greater, Intel i5-4590 equivalent or greater, and 8GB+ RAM. It will also require at least two USB 3.0 ports and "HDMI 1.3 video output supporting a 297MHz clock via a direct output architecture."

Oculus chief architect Atman Binstock explains: "On the raw rendering costs: a traditional 1080p game at 60Hz requires 124 million shaded pixels per second. In contrast, the Rift runs at 2160×1200 at 90Hz split over dual displays, consuming 233 million pixels per second. At the default eye-target scale, the Rift's rendering requirements go much higher: around 400 million shaded pixels per second. This means that by raw rendering costs alone, a VR game will require approximately 3x the GPU power of 1080p rendering." He also points out that PC graphics can afford a fluctuating frame rate — it doesn't matter too much if it bounces between 30-60fps. The Rift has no such luxury, however.

The last requirement is more onerous: WIndows 7 SP1 or newer. Binstock says their development for OS X and Linux has been "paused" so they can focus on delivering content for Windows. They have no timeline for going back to the less popular platforms.

dkatana writes: There is no way back for Argentinian people to trust their own currency. Several governments have used the "Peso/Dollar" exchange to dig into people's savings, reward their friends and limit the freedom of citizens to use other currencies.

Short of Dollarizing the economy again, the only solution for the country is going cashless. People are desperate, and they're looking for alternatives such as mobile payments, Amazon gift cards and Bitcoin to store their savings away from government control. A digital currency could help curb black market exchanges, fight corruption and restore the country's image.

An anonymous reader writes: According to federal prosecutors three women are responsible for an identity theft and wire fraud scheme targeting both the Houston and Atlanta passport agencies. Chloe McClendon, Alicia Myles, and Dominique Thomas are accused of stealing personal information from the passport administration and transmitting it back and forth between one another. The stolen information was used to obtain lines of credit in order to purchase iPhones, iPads and other electronics. The scheme went on for over five years.

An anonymous reader writes with this excerpt from a story at Reuters that gives a rare bit of good news for the Fourth Amendment: The U.S. House of Representatives approved a bill on Wednesday that would end spy agencies' bulk collection of Americans' telephone data, setting up a potential showdown with the U.S. Senate over the program, which expires on June 1. The House voted 338-88 for the USA Freedom Act, which would end the bulk collection and instead give intelligence agencies access to telephone data and other records only when a court finds there is reasonable suspicion about a link to international terrorism.

An anonymous reader writes: The Internet Security Task Force, a group of businesses working to protect content creators and consumers from the negative effects of piracy, has called for an end to the Copyright Alert System, saying the anti-piracy initiative is not only ineffective but actually makes things worse. The group suggest that it be replaced with a new system based on Canada's Copyright Modernization Act. Mark Gill, ISTF chairman and President of member company Millennium films, says "We've always known the Copyright Alert System was ineffective, as it allows people to steal six movies from us before they get an educational leaflet. But now we have the data to prove that it's a sham." The Copyright Alert System (CAS) is set to expire early July.

An anonymous reader writes: Ananta Bijoy Das blogged about science in Bangladesh, also sometimes tackling difficult issues about religion. He won an award in 2006 for "deep and courageous interest in spreading secular and humanist ideals and messages." He's now been murdered for his writings, the third Bangladeshi blogger to die in the past few months. Four masked assailants chased him down in broad daylight and attacked him with cleavers and machetes. The Committee to Protect Journalists says Das is the 20th writer to be murdered globally so far this year. Arrests have been made in Bangladesh for the murders of the previous two bloggers this year, but no convictions have yet been made. Das's murderers remain at large.

An anonymous reader writes: An Amtrak train has derailed in Philadelphia, injuring at least 50 of the roughly 240 people on board. The train was on its way from Washington D.C. to New York City when it derailed around 9:20pm local time. Former congressman Patrick Murphy, who was aboard the train, said, "It wobbled at first and then went off the tracks. There were some pretty banged-up people. One guy next to me was passed out. We kicked out the window in the top of the train car and helped get everyone out."

SonicSpike writes with news of a ruling in U.S. District Court that the seizure and search of a man's laptop without a warrant while he was in an airport during an international border crossing was not justified. According to Judge Amy Jackson's ruling (PDF), the defendant was already the subject of an investigation when officials used his international flight as a pretext for rifling through his laptop. The government argued that a laptop was simply a "container," and thus subject to warrantless searches to protect the homeland. But the judge said the search "was supported by so little suspicion of ongoing or imminent criminal activity, and was so invasive of Kim's privacy and so disconnected from not only the considerations underlying the breadth of the government's authority to search at the border, but also the border itself, that it was unreasonable."

She also noted that laptop searches may require more stringent legal support, since they are capable of holding much more private information than a box or duffel bag. And while a routine search involves a quick look through a container, this search was quite different: "[T]he agents created an identical image of Kim's entire computer hard drive and gave themselves unlimited time to search the tens of thousands of documents, images, and emails it contained, using an extensive list of search terms, and with the assistance of two forensic software programs that organized, expedited, and facilitated the task."