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Government

Russia Writes Off 90 Percent of North Korea Debt 129

Posted by timothy
from the just-passing-through dept.
jones_supa (887896) writes "In Russia, the State Duma (lower house) on Friday ratified a 2012 agreement to write off the bulk of North Korea's debt. It said the total debt stood at $10.96 billion as of Sept. 17, 2012. Russia sees this lucrative in advancing the plans to build a gas pipe and railroad through North to South Korea. The rest of the debt, $1.09 billion, would be redeemed during the next 20 years, to be paid in equal installments every six months. The outstanding debt owed by North Korea will be managed by Russia's state development bank, Vnesheconombank. Moscow has been trying to diversify its energy sales to Asia away from Europe, which, in its turn, wants to cut its dependence on oil and gas from the erstwhile Cold War foe. Russia's state-owned top natural producer Gazprom is dreaming shipping 10 billion cubic meters of gas annually through the Koreas. Russia has written off debts to a number of impoverished Soviet-era allies, including Cuba. North Korea's struggling communist economy is just 2 percent of the size of neighboring South's."
Yahoo!

Investors Value Yahoo's Core Business At Less Than $0 149

Posted by Soulskill
from the but-they-have-a-new-logo dept.
An anonymous reader writes "Yahoo is most known for its search, email, and news services. But its U.S. web presence is only part of its corporate portfolio. It also owns large stakes in Yahoo Japan and Alibaba (a web services company based in China). Yahoo Japan is publicly traded, and Alibaba is heading toward an IPO, so both have a pretty firm valuation. The thing is: when you account for Yahoo's share of each and subtract them from Yahoo's current market cap, you get a negative number. Investors actually value Yahoo's core business at less than nothing. Bloomberg's Matt Levine explains: 'I guess this is fairly obvious, but it leads you to a general theory of the conglomerate discount, which is that a business can be worth less than zero (to shareholders), but a company can't be (to shareholders). ... A fun question is, as fiduciaries for shareholders, should Yahoo's directors split into three separate companies to maximize value? If YJHI and YAHI are worth around $9 billion and $40 billion, and Core Yahoo Inc. is worth around, I don't know, one penny, then just doing some corporate restructuring should create $13 billion in free shareholder value. Why not do that?'"
Science

Mathematicians Devise Typefaces Based On Problems of Computational Geometry 59

Posted by Soulskill
from the extending-comic-sans-into-all-dimensions dept.
KentuckyFC writes: "Typeface design is something of an art. For many centuries, this art has been constrained by the materials available to typographers, mainly lead and wood. More recently, typographers have been freed from this constraint with the advent of digital typesetting and the number of typefaces has mushroomed. Verdana, for example, is designed specifically for computer screens. Now a father and son team of mathematicians have devised a number of typefaces based on problems they have studied in computational geometry. For example, one typeface is inspired by the folds and valleys generated by computational origami designs. Another is based on the open problem of 'whether every disjoint set of unit disks (gears or wheels) in the plane can be visited by a single taut non-self-intersecting conveyor belt.' Interestingly, several of the new typefaces also serve as puzzles in which messages are the solutions."

Comment: Re:Yeah? (Score 2) 347

by Tough Love (#46784245) Attached to: Mercedes Pooh-Poohs Tesla, Says It Has "Limited Potential"

Mass adoption of electric cars is inevitable as soon as electric cars consistently outperform gasoline at a similar price point, which in turn is inevitable. Until then things will move in fits and starts, and for now, "limited" accurately describes the markets. But Daimler-benz would be nuts to deny that the writing on the wall. I suppose they feel the time is right for a bit of FUD.

Transportation

Mercedes Pooh-Poohs Tesla, Says It Has "Limited Potential" 347

Posted by timothy
from the is-it-a-king-george-moment? dept.
cartechboy (2660665) writes "They say you shouldn't bite the hand that feeds you. Maybe it should go you shouldn't trash talk the company you partner with. U.S. head of Mercedes-Benz Steve Cannon was just quoted as saying future service of Tesla's vehicles could be 'limited,' and that while it's great, the market could be more attracted to other luxury automakers once their products hit the market. Cannon also suggests that the current infrastructure isn't up to maintaining and fueling electric vehicles, in particularly Tesla's stores and go-to servicing can't handle high demands. Naturally he said Mercedes has the 'whole network' to put customers minds' at ease. Sounds like fighting words to me. Hey Mercedes, where's your Model S competitor?" There is a reason that Jim Rogers drove around the world in a Mercedes.
Government

Intuit, Maker of Turbotax, Lobbies Against Simplified Tax Filings 416

Posted by timothy
from the rent-seeking-right-on-the-surface dept.
McGruber (1417641) writes "Return-free filing might allow tens of millions of Americans to file their taxes for free and in minutes. Under proposals authored by several federal lawmakers, it would be voluntary, using information the government already receives from banks and employers and that taxpayers could adjust. The concept has been endorsed by Presidents Obama and Reagan and is already a reality in some parts of Europe. Sounds great, except to Intuit, maker of Turbotax: last year, Intuit spent more than $2.6 million on lobbying, some of it to lobby on four bills related to the issue, federal lobbying records show."
GNOME

The GNOME Foundation Is Running Out of Money 689

Posted by samzenpus
from the coffers-are-bare dept.
An anonymous reader writes "The GNOME Foundation is running out of money. The foundation no longer has any cash reserves so they have voted to freeze non-essential funding for running the foundation. They are also hunting down sponsors and unpaid invoices to regain some delayed revenue. Those wishing to support the GNOME Foundation can become a friend of GNOME."
Businesses

Apple's Spotty Record of Giving Back To the Tech Industry 266

Posted by samzenpus
from the giving-back dept.
chicksdaddy (814965) writes "Given Apple's status as the world's most valuable company and its enormous cash hoard, the refusal to offer even meager support to open source and industry groups is puzzling. From the article: 'Apple bundles software from the Apache Software Foundation with its OS X operating system, but does not financially support the Apache Software Foundation (ASF) in any way. That is in contrast to Google and Microsoft, Apple's two chief competitors, which are both Platinum sponsors of ASF — signifying a contribution of $100,000 annually to the Foundation. Sponsorships range as low as $5,000 a year (Bronze), said Sally Khudairi, ASF's Director of Marketing and Public Relations. The ASF is vendor-neutral and all code contributions to the Foundation are done on an individual basis. Apple employees are frequent, individual contributors to Apache. However, their employer is not, Khudairi noted. The company has been a sponsor of ApacheCon, a for-profit conference that runs separately from the Foundation — but not in the last 10 years. "We were told they didn't have the budget," she said of efforts to get Apple's support for ApacheCon in 2004, a year in which the company reported net income of $276 million on revenue of $8.28 billion.'"

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