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Submission + - Facebook Updates Privacy Policy, Will Answer Questions Monday 2

An anonymous reader writes: Facebook has outlined significant changes to its privacy (aka Data Use) policy and is asking its users for feedback. The company has also scheduled a live Q&A video for this coming Monday. If you want to give feedback on the changes, pick your language: English, French, Italian, German, Spanish, Japanese, Turkish, Korean, and Portuguese.
United States

Submission + - Facebook Co-Founder Renounces US Citizenship 1

Hugh Pickens writes writes: "MSNBC reports that Eduardo Saverin, who helped Mark Zuckerberg start Facebook while at Harvard University, is giving up his US citizenship in a move that may reduce his tax bill to become a resident of Singapore, where residents pay no capital gain taxes. “Eduardo recently found it more practical to become a resident of Singapore since he plans to live there for an indefinite period of time,” says Tom Goodman, a spokesman for Saverin adding that Saverin renounced his US citizenship “around September” of last year. Renouncing one’s US. citizenship well in advance of an IPO is “a very smart idea,” from a tax standpoint, says Reuven S. Avi-Yonah, director of the international tax program at the University of Michigan’s law school. “Once it’s public you can’t fool around with the value.” Forbes estimated Saverin’s net worth at $2 billion, ranking the 30-year-old No. 634 in its list of billionaires. Renouncing citizenship is an option chosen by increasing numbers of Americans. A record 1,780 US citizens gave up their US passports last year compared with 235 in 2008, according to government records. “It’s a loss for the U.S. to have many well-educated people who actually have a great deal of affection for America make that choice,” says Richard Weisman."

Submission + - Automate Your Way To One-Day Work Week (

gManZboy writes: "If you discovered a way to do your job so efficiently that you could earn four times your base salary in bonuses while working only one day in five, would you tell your employer?

In a post on Reddit earlier this week, a man from the Netherlands claims to come up with a way to automate his payment processing job using a game programming framework called GameMaker and C++. For the past four years, he says, he has been collecting about 90% of the bonus share offered by his company. That has amounted to 160,000 euros each year, for the past four years, on top of his 42,000 euro salary, or almost $260,000 total annually. Neither his employer, nor his bonus-deprived colleagues, are aware of this.

As technology automates more jobs, from taxi driving to editing, interesting ethics questions arise. How would you weigh in on the ethics of the situation?"

The hardest part of climbing the ladder of success is getting through the crowd at the bottom.