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Tech Companies Worried Over China's New Rules For Selling To Banks 93

Posted by Soulskill
from the worried-all-the-way-to-the-bank dept.
An anonymous reader writes: China is putting into place a new set of regulations for how banks interact with technology, and it has many companies worried. While the rules might enhance security for the Chinese government, they devastate it for everyone else. For example, not only will China require that companies turn over source code for any software sold to banks, the companies building the software (and hardware) must also build back doors into their systems. The bad news for us is that most companies can't afford to simply refuse the rules and write China off. Tech industry spending is estimated to reach $465 billion in 2015, and it's projected for a huge amount of growth.

Comment: Re:What are the practical results of this? (Score 4, Insightful) 399

by Penguinisto (#48934623) Attached to: FCC Officially Approves Change In the Definition of Broadband

If only I had mod points...

The closest any third party has come to a presidential election was Ross Perot, in 1993. He had a very well-oiled hype machine and a shitload of money, which is why he got as far as he did. Even after he began stumbling and his campaign imploded (hard), he still got 13% of the vote... pretty impressive by most standards of the modern era.

On lower levels, Bernie Sanders (nominally a member of the Socialist party, but caucuses with the Democrats 99% of the time) is the only national candidate period to have made a national office since what, the 1950's?

It's going to take a radical change in attitudes, a really rotten national situation overall, and an even more radical amount of disgust with the current system before folks wander off to vote for a third party. Even when some ideological icon does run on his own (e.g. Ralph Nader), you will see the immediate (and dishearteningly effective) rallying cry of the threatened major party (in Nader's case, the Democrat party immediately started screaming "OMG you'll split the vote and then they will win!")

It'll take a lot to get a third party off the ground. Not impossible, but it'll take a lot to happen nonetheless.

Comment: Re:Still not good enough. (Score 3, Insightful) 399

by Penguinisto (#48933303) Attached to: FCC Officially Approves Change In the Definition of Broadband

Ask these questions:

How much competition is allowed for providing Internet access in any given US locale?

Why can we not have municipalities plant/string and own the local fiber/cable/POTS lines, then rent them out to competing ISPs for residential access purposes (see also Utah's UTOPIA initiative)?

Find the answers to those questions, and you'll find the root cause of the non-logistics problems that broadband faces in the US.

Comment: Re:Not enough (Score 1) 250

by ebh (#48932119) Attached to: Proposed Disk Array With 99.999% Availablity For 4 Years, Sans Maintenance

Or if you have a Netapp with a decent support contract: A disk fails while you're asleep[1]. The filer notifies Netapp over a dedicated POTS line. Netapp overnights a new disk to you. You find out the next morning that the disk failed, via a call from the loading dock about a package for you. You pop in the new drive, activate one of your other hot spares, and configure the new drive as a new hot spare, all in less time than it took you to walk down to the loading dock and back.

[1] You don't have single disk failure alarms wake you up in the middle of the night because you configured your array to run with two failed disks.

Comment: Re:I'm 4 of 5 (Score 4, Funny) 248

by iggymanz (#48929837) Attached to: One In Five Developers Now Works On IoT Projects

Holly: "Strike a light! I'm a genius again! I know everything! Metaphysics, philosophy, the purpose of being-everything! Ask me a question, any question, and I'll answer it."
Talkie Toaster: "Any question?"
Holly: "Yes."
Talkie Toaster: "How to break the speed of light? How to marry quantum mechanics and classical physics? Any question at all, truly anything and you will answer?"
Holly: "Yes."
Talkie Toaster: "OK, here's my question: Would you like some toast?"
Holly: "No, thank you. Now ask me another."
Talkie Toaster: "Do you know anything about the use of chaos theory in predicting weather cycles?"
Holly: "I know everything there is to know about chaos theory and predicting weather cycles"
Talkie Toaster: "Oh, very well. Here's my second question: Would you like a crumpet?"
Holly: "I'm a computer with an I.Q. of 12,000. You don't seem to understand; I know the meaning of the universe."
Talkie Toaster: "That's not answering my question."
Holly: [irritated] "No, I would not like a crumpet! Now ask me a sensible question, preferably one that isn't bread related."
Talkie Toaster: "Very well. I have a third question. A sensible question. A question that will tax your new I.Q. to its very limits and stretch the sinews of you knowledge to bursting point."
Holly: This is going to be about waffles, isn't it?"
Talkie Toaster: Certainly not. And I resent the implication that I'm a one-dimensional, bread-obsessed electrical appliance."
Holly: I apologise, toaster. What's the question?"
Talkie Toaster: The question is this: Given that God is infinite, and that the universe is also infinite... would you like a toasted teacake?" --- Red Dwarf ep. "White Hole"

Comment: Re:Sort of like shitposting... (Score 1) 293

by Jeremy Erwin (#48927167) Attached to: The iPad Is 5 Years Old This Week, But You Still Don't Need One

I use my iPad to stream Amazon Prime video to my AppleTV-- technically I could use my Macs to watch the same streams, but they wouldn't be HD. This proved a welcome surprise, as many of the other services like Macs-- but demand additional payment for streaming to the iPad.

From Sharp minds come... pointed heads. -- Bryan Sparrowhawk