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Crime

SEC Charges ITT Educational Services With Fraud 85

Posted by Soulskill
from the reaping-what-you-sow dept.
mpicpp writes with news that ITT Educational Services, the company that operates for-profit college ITT Tech, has been charged with fraud over its student loan programs. The U.S. Securities and Exchange Commission accuses the company of concealing poor financial performance from its investors. ITT formed both of these student loan programs, known as the "PEAKS" and "CUSO" programs, to provide off-balance sheet loans for ITT’s students following the collapse of the private student loan market. To induce others to finance these risky loans, ITT provided a guarantee that limited any risk of loss from the student loan pools.

According to the SEC’s complaint filed in the U.S. District Court for the Southern District of Indiana, the underlying loan pools had performed so abysmally by 2012 that ITT’s guarantee obligations were triggered and began to balloon. Rather than disclosing to its investors that it projected paying hundreds of millions of dollars on its guarantees, ITT and its management took a variety of actions to create the appearance that ITT’s exposure to these programs was much more limited.
Crime

Florida Teen Charged With Felony Hacking For Changing Desktop Wallpaper 629

Posted by Soulskill
from the climate-of-fear dept.
colinneagle writes: A 14-year-old middle school student in Holiday, Florida, was arrested this week and charged with "an offense against a computer system and unauthorized access," which is a felony. The student reportedly used an administrator password to log into a teacher's computer and change the background image to a photo of two men kissing.

The student also revealed his secrets after he was caught – the password was the teacher's last name, and the teacher had typed it in in full view of the students. The student said many other students used these administrators' passwords (their teachers' last names) so they can screen-share and video chat with other students. The student was briefly held in a nearby detention center, and the county Sheriff warned that other teenagers caught doing the same thing will "face the same consequences."
NASA

Sierra Nevada's Dream Chaser Could Land At Ellington Space Port Near Houston 24

Posted by samzenpus
from the coming-soon dept.
MarkWhittington writes Despite having been rejected in NASA's commercial crew program, Sierra Nevada has been very busy trying to develop its lift body spacecraft, the Dream Chaser. Having rolled out a smaller, cargo version of the spacecraft for the second round for contracts for commercial cargo to the International Space Station, the company has amended the unfunded Space Act Agreement with NASA to add a closeout review milestone that would help transition the Dream Chaser from the preliminary design review to the critical design review step. Finally, Sierra Nevada announced a new agreement on Tuesday with the Houston Airport System to use Ellington Spaceport as a landing site for the cargo version of the Dream Chaser.
Government

New Bill Would Repeal Patriot Act 188

Posted by Soulskill
from the would-also-bake-cookies-for-every-citizen dept.
schwit1 points out a new piece of bipartisan legislation that aims to repeal the Patriot Act and the FISA Amendments Act, which the NSA has used to justify broad domestic surveillance. House Representatives Thomas Massie (R-KY) and Mark Pocan (D-WI) introduced the bill yesterday, calling it the Surveillance State Repeal Act (PDF). Pocan said, "This isn't just tinkering around the edges. This is a meaningful overhaul of the system, getting rid of essentially all parameters of the Patriot Act." The bill also attempts to dramatically strengthen whistleblower protections, so situations like Edward Snowden's and Thomas Drake's don't happen in the future. This legislation is not expected to get the support of Congressional leaders, but supporters hope it will at least inspire some debate about several provisions of the Patriot Act coming up for renewal in June.
GNU is Not Unix

RMS Talks Net Neutrality, Patents, and More 165

Posted by samzenpus
from the straight-from-the-man dept.
alphadogg writes "According to Richard Stallman, godfather of the free software movement, Facebook is a "monstrous surveillance engine," tech companies working for patent reform aren't going nearly far enough, and parents must lobby their children's schools to keep data private and provide free software alternatives. The free software guru touched on a host of topics in his keynote Saturday at the LibrePlanet conference, a Free Software Foundation gathering at the Scala Center at MIT.
Medicine

Child Psychotherapist: Easy and Constant Access To the Internet Is Harming Kids 353

Posted by samzenpus
from the there's-something-wrong-with-my-brain dept.
First time accepted submitter sharkbiter sends note that one of the UK's foremost psychotherapists has concerns that smartphones may be harmful to the mental health of children. "Julie Lynn Evans has been a child psychotherapist for 25 years, working in hospitals, schools and with families, and she says she has never been so busy. 'In the 1990s, I would have had one or two attempted suicides a year – mainly teenaged girls taking overdoses, the things that don't get reported. Now, I could have as many as four a month.'.... Issues such as cyber-bullying are, of course, nothing new, and schools now all strive to develop robust policies to tackle them, but Lynn Evans’ target is both more precise and more general. She is pointing a finger of accusation at the smartphones - “pocket rockets” as she calls them – which are now routinely in the hands of over 80 per cent of secondary school age children. Their arrival has been, she notes, a key change since 2010. 'It’s a simplistic view, but I think it is the ubiquity of broadband and smartphones that has changed the pace and the power and the drama of mental illness in young people.'”
Businesses

Magic Leap's AR Demo Video 40

Posted by samzenpus
from the worth-a-thousand-words dept.
First time accepted submitter iMadeGhostzilla writes TechCrunch reports: "Magic Leap is showing what it might look like to use its hardware for augmented reality gaming in the future, with a new demo of what the team is apparently 'playing in the office' right now. The brief video shows examples of interacting with YouTube and Gmail apps, along with browsing a menu system for OS-level interaction. The person in the video from whose perspective it's apparently shot then selects a shooter game, tests out a weapon after choosing from a variety of options, does some tower-defense style stuff by placing a current and fights some visually impressive but fairly generic baddies. [...] The video was posted with an apology for Magic Leap's absence at TED." Commenters on reddit and elsewhere believe the video is fake. Magic Leap recently came into the spotlight with its recent $540M backing by Google and others.
Biotech

Scientists: It's Time To Resolve the Ethics of Editing Human Genome 299

Posted by Soulskill
from the but-we-haven't-created-a-real-spiderman-yet dept.
An anonymous reader writes: We've previously discussed a system called CRISPR-cas9, which is dramatically reducing the cost and effort required to do gene editing. In fact, the barrier to entry is now so low that a group of biologists is calling for a moratorium on using the method to modify the human genome. Writing in the journal Science (abstract), the scientists warn that we've reached the point where the ethical questions surrounding DNA alteration can be put off no longer. David Baltimore, one of the group's members, said, "You could exert control over human heredity with this technique, and that is why we are raising the issue. ... I personally think we are just not smart enough — and won't be for a very long time — to feel comfortable about the consequences of changing heredity, even in a single individual." Another group of scientists called for a similar halt to human germline modification, and the International Society for Stem Cell Research says it agrees.
Businesses

Ask Slashdot: What Can Distributed Software Development Teams Learn From FLOSS? 133

Posted by Soulskill
from the don't-swear-at-people-unless-you-can-get-away-with-it dept.
An anonymous reader writes: As a long time free software proponent and leader of a small development team (10+ people) within a mid-sized company, I always try to incorporate my experiences from both worlds. Lately I was confronted with the need to accept new team members from abroad working on the same codebase and I expect to have even more telecommuting people on my team in the future (even though research suggests the failure rate of virtual teams could be as high as 70%). On the other hand, FLOSS does not seem to suffer from that problem, despite being developed in a distributed manner more often than not. What can corporations and managers learn from FLOSS to make their distributed teams more successful? Consequently, what FLOSS tools, methods, rules, and policies can and should be incorporated into the software development process within a company more often? I'm interested in hearing what you think, especially regarding technical issues like source code ownership and revision control systems, but also ways of communication, dealing with cultural differences, etc.
United Kingdom

Swedish Authorities Offer To Question Assange In London 169

Posted by Soulskill
from the my-place-or-yours dept.
An anonymous reader writes: Since 2012, WikiLeaks founder Julian Assange has been holed up inside Ecuador's embassy in London trying to avoid extradition to Sweden, where he faces a sexual assault investigation. Now, after the case has been stalled for years, Swedish prosecutors are arranging to come to London and question Assange within the embassy. According to his lawyer, Assange welcomes this, but Sweden still needs to be granted permission from both the UK and Ecuador. "Assange's lawyers, who are appealing against his arrest warrant in Sweden's highest court, have complained bitterly about the prosecutor's refusal to travel to London to speak to him – an essential step under Swedish jurisprudence to establish whether Assange can be formally charged. [Lead investigator Marianne] Ny's refusal, they say, has condemned Assange to severe limitations on his freedom that are disproportionate to the accusations against him." Ny has also requested a DNA sample from Assange.
Republicans

House Republicans Roll Out Legislation To Overturn New Net Neutrality Rules 550

Posted by Soulskill
from the hooray-politics dept.
An anonymous reader writes: U.S. Representative Marsha Blackburn (R-TN) and 31 Republican co-sponsors have submitted the Internet Freedom Act (PDF) for consideration in the House. The bill would roll back the recent net neutrality rules made by the FCC. The bill says the rules "shall have no force or effect, and the Commission may not reissue such rule in substantially the same form, or issue a new rule that is substantially the same as such rule, unless the reissued or new rule is specifically authorized by a law enacted after the date of the enactment of this Act." Blackburn claims the FCC's rules will "stifle innovation" and "restrict freedom." The article points out that Blackburn's campaign and leadership PAC has received substantial donations. from Comcast, AT&T, and Verizon.

Comment: Re:B0ll0cks... (Score 1) 538

No new laws needed. We've got this totally covered.
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http://en.wikipedia.org/wiki/P....
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http://en.wikipedia.org/wiki/H...
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But then if they go after Clinton they need to go after Bush, Cheney, and Rove and I'll hold their torches while they bang down those gates.
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http://en.wikipedia.org/wiki/B...
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