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Businesses

NASA Admits It Gave Jet Fuel Discounts To Google Execs' Company 126

Posted by timothy
from the only-tax-money-after-all dept.
An anonymous reader writes "In a letter to Senator Grassley of the Senate Judiciary Committee, NASA 'admits the agency was selling jet fuel at below market rates to H2-11, a company owned by the founders of Google.' The agency has since raised its rates to reflect market prices but has informed the Senator that it would be impossible for NASA to recoup the money that tax payers have paid in order to subsidize Google's jet fuel discounts."
Earth

Oil From the Exxon Valdez Spill Still Lingers On Alaska Beaches 261

Posted by samzenpus
from the sticking-around dept.
An anonymous reader writes "It's been 25 years since the Exxon Valdez dumped 11 million gallons of crude oil in Prince William Sound, and you can still find oil sticking to rocks. Worse yet, scientists say the oil could be around for decades yet to come. From the article: 'There are two main reasons why there's still oil on some of the beaches of the Kenai Fjords and Katmai National Parks and Preserves in the Gulf of Alaska, explains Gail Irvine, a marine ecologist with the U.S. Geological Survey and lead researcher on the study. When the oil first spilled from the tanker, it mixed with the seawater and formed an emulsion that turned it into a goopy compound, she says. "When oil forms into the foam, the outside is weathering, but the inside isn't," Irvine explains. It's like mayonnaise left out on the counter. The surface will crust over, but the inside of the clump still looks like mayonnaise, she explains.'"
Bitcoin

MtGox Files For Bankruptcy Protection 465

Posted by Soulskill
from the all-about-the-bitjamins dept.
Sockatume writes "The beleaguered MtGox bitcoin exchange has officially filed for bankruptcy protection in Tokyo. According to the Wall Street Journal, Bitcoin held an impromptu press conference that addressed recent rumors. They state that they have over $60m in liabilities against just $30m in assets, and confirm the loss of over $500m worth of Bitcoins, split between customers' balances (750,000 BTC) and company assets (100,000 BTC). Owner Mark Karpeles said, 'There was some weakness in the system, and the bitcoins have disappeared. I apologize for causing trouble.'"
The Internet

ICANN Considers Using '127.0.53.53' To Tackle DNS Namespace Collisions 164

Posted by samzenpus
from the that-doesn't-look-right dept.
angry tapir writes "As the number of top-level domains undergoes explosive growth, the Internet Corporation for Assigned Names and Numbers (ICANN) is studying ways to reduce the risk of traffic intended for internal network destinations ending up on the Internet via the Domain Name System. Proposals in a report produced on behalf of ICANN include preventing .mail, .home and .corp ever being Internet TLDs; allowing the forcible de-delegation of some second-level domains in emergencies; and returning 127.0.53.53 as an IP address in the hopes that sysadmins will flag and Google it."
Businesses

How Jan Koum Steered WhatsApp Into $16B Facebook Deal 136

Posted by timothy
from the ok-today-I-can-supersize-it dept.
First time accepted submitter paulbes writes "Jan Koum picked a meaningful spot to sign the $19 billion deal to sell his company WhatsApp to Facebook [Wednesday]. Koum, cofounder Brian Acton and venture capitalist Jim Goetz of Sequoia drove a few blocks from WhatsApp's discreet headquarters in Mountain View to a disused white building across the railroad tracks, the former North County Social Services office where Koum, 37, once stood in line to collect food stamps. That's where the three of them inked the agreement to sell their messaging phenom –which brought in a minuscule $20 million in revenue last year — to the world's largest social network." Forbes overstates the apparent selling price by a few billion dollars; big numbers, either way. [Update: 02/20 13:51 GMT by T : The $19 billion makes sense, if you include retention bonuses in the form of restricted stock units.] Another reader points out the interesting fact that "Acton — himself a former Apple engineer — applied for jobs at both Twitter and Facebook way before WhatsApp became a wildly popular mobile app. Both times he was rejected."
The Media

Quentin Tarantino Vs. Gawker: When Is Linking Illegal For Journalists? 166

Posted by Soulskill
from the when-it-makes-somebody-mad dept.
Hugh Pickens DOT Com writes "Jon Healey writes in the LA Times that a new lawsuit against the Gawker Media site Defamer for linking to an infringing copy of an unreleased screenplay should send chills down the spines of every reporter who writes about copyright issues. Tarantino had kept the script for his ensemble western The Hateful Eight unpublished, but someone obtained a copy and posted it online. In its piece, Defamer quoted only a brief excerpt and a short summary published earlier that day by the Wrap. But it also included two links to the leaked screenplay on a file-sharing site called AnonFiles. In a complaint filed in federal court in Los Angeles, Tarantino's lawyers say they repeatedly asked Gawker Media to remove the links, to no avail. John Cook, Gawker's editor, responded with a post that rebuts the complaint's most damaging allegations, saying Defamer had no involvement whatsoever in the leak or the script's posting online. Cook also quotes Tarantino's comments last week to Deadline Hollywood, in which the filmmaker said he likes having his work online for people to read and review. 'Reporters often assume that providing links to items of public interest is perfectly aboveboard, even if the items themselves aren't. If this case goes to trial, it could help clarify what links simply can't be published legally, regardless of the news value,' writes Healey. 'I'm not arguing that what Gawker did was legal — that's a judge's decision. I'm just saying that there's a journalistic reason for Gawker to do what it did, and those of us who write about copyrights struggle often with the question of how to report what seems newsworthy without crossing a line that's drawn case by case.'"

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