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Businesses

Amazon Decides To Start Paying Tax In the UK 241

Posted by Soulskill
from the how-kind-of-them dept.
Mark Wilson sends word that Amazon will begin paying corporate taxes on profits made in the UK. The company had previously been recording most of its UK sales as being in Luxembourg, which let them avoid the higher taxes in the UK. But at the end of last year, UK regulators decided they were losing too much tax revenue because of this practice, so they began implementing legislation that would impose a 25% tax on corporations routing their profits elsewhere. Amazon is the first large corporation to make the change, and it's expected to put pressure on Google, Microsoft, Apple, and others to do the same.
Security

Hacker Warns Starbucks of Security Flaw, Gets Accused of Fraud 107

Posted by Soulskill
from the biting-the-hand-that-doesn't-steal-from-you dept.
Andy Smith writes: Here's another company that just doesn't get security research. White hat hacker Egor Homakov found a security flaw in Starbucks gift cards which allowed people to steal money from the company. He reported the flaw to Starbucks, but rather than thank him, the company accused him of fraud and said he had been acting maliciously.
The Media

WSJ Crowdsources Investigation of Hillary Clinton Emails 231

Posted by timothy
from the tag-this-story-recursive dept.
PvtVoid writes: The Wall Street Journal now has a page up that encourages readers to sift through and tag Hillary Clinton's emails on Benghazi. Users can click on suggested tags such as "Heated", "Personal", "Boring", or "Interesting", or supply their own tags. What could possibly go wrong? I'm tagging this story "election2016."
Firefox

Ads Based On Browsing History Are Coming To All Firefox Users 530

Posted by Soulskill
from the just-what-you-wanted dept.
An anonymous reader writes: Mozilla has announced plans to launch a feature called "Suggested Tiles," which will provide sponsored recommendations to visit certain websites when other websites show up in the user's new tab page. The tiles will begin to show up for beta channel users next week, and the company is asking for feedback. For testing purposes, users will only see Suggested Tiles "promoting Firefox for Android, Firefox Marketplace, and other Mozilla causes." It's not yet known what websites will show up on the tiles when the feature launches later this summer. The company says, "With Suggested Tiles, we want to show the world that it is possible to do relevant advertising and content recommendations while still respecting users’ privacy and giving them control over their data."
Google

NSA Planned To Hijack Google App Store To Hack Smartphones 94

Posted by samzenpus
from the all-the-better-to-see-you-with dept.
Advocatus Diaboli writes: A newly released top secret document reveals that the NSA planned to hijack Google and Samsung app stores to plant spying software on smartphones. The report on the surveillance project, dubbed "IRRITANT HORN," shows the U.S. and its "Five Eyes" alliance: Canada, the United Kingdom, New Zealand and Australia, were looking at ways to hack smartphones and spy on users. According to The Intercept: "The top-secret document, obtained from NSA whistleblower Edward Snowden, was published Wednesday by CBC News in collaboration with The Intercept. The document outlines a series of tactics that the NSA and its counterparts in the Five Eyes were working on during workshops held in Australia and Canada between November 2011 and February 2012."
Education

Microsoft To Teachers: Using Pens and Paper Not Fair To Students 387

Posted by samzenpus
from the are-books-still-allowed? dept.
Freshly Exhumed writes: Pens and paper have no place in the modern classroom, according to Lia De Cicco Remu, director of Partners in Learning at Microsoft Canada. "When was the last time you used a piece of chalk to express yourself?" De Cicco Remu, a former teacher, asked the Georgia Straight by phone from Toronto. "Kids don't express themselves with chalk or in cursive. Kids text." Given the Microsoft Study Finds Technology Hurting Attention Spans story posted to Slashdot in the last few days it would seem that Redmond's Marketing and R&D people are at cross-purposes.
The Almighty Buck

Stock Market Valuation Exceeds Its Components' Actual Value 335

Posted by Soulskill
from the of-wary-bulls dept.
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.
The Internet

Kim Dotcom Calls Hillary Clinton an "Adversary" of Internet Freedom 276

Posted by samzenpus
from the pay-attention-to-me dept.
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."
Government

GCHQ Officials Given Immunity From Hacking Charges 118

Posted by Soulskill
from the government-in-CYA-mode dept.
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.
Canada

Canadian Prime Minister To Music Lobby: Here's Your Copyright Term Extension 121

Posted by timothy
from the plenty-more-where-that-came-from dept.
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.
Advertising

European Telecoms May Block Mobile Ads, Spelling Trouble For Google 198

Posted by timothy
from the scrabble-will-still-show-their-ads-to-me-I-bet dept.
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.
Government

House Science Committee Approves Changes To Space Law 103

Posted by timothy
from the wildcat-days dept.
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.
Graphics

A Look At GTA V PC Performance and Image Quality At 4K 72

Posted by timothy
from the so-you're-saying-more-is-better dept.
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.
Graphics

Oculus Rift Hardware Requirements Revealed, Linux and OS X Development Halted 227

Posted by Soulskill
from the sad-penguin dept.
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.
The Almighty Buck

The Solution To Argentina's Banking Problems Is To Go Cashless 294

Posted by Soulskill
from the why-would-you-carry-around-slips-of-paper-and-shards-of-metal-anyway dept.
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.

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