Businesses

Andreessen Horowitz Went All In on Crypto at the Worst Possible Time (wsj.com) 41

As cryptocurrency prices soared last year, no investor bet more on the sector than Andreessen Horowitz. The timing wasn't good. From a report: The storied venture-capital firm had developed a reputation as Silicon Valley's greatest crypto bull, thanks largely to a 50-year-old partner named Chris Dixon who was one of the earliest evangelists for how the blockchain technology powering cryptocurrencies could change business. His unit was one of the most-active crypto investors last year, and in May announced a $4.5 billion crypto fund, the largest ever for such investments.

The timing wasn't good. Prices for bitcoin and other cryptocurrencies have plunged this year in the midst of a broad market downturn, erasing billions of dollars in paper gains for Andreessen's funds. Consumer demand has vanished for some of the firm's most-prized crypto startups, while others are facing increased scrutiny from regulators. Andreessen's flagship crypto fund shed around 40% of its value in the first half of this year, according to people familiar with the matter. That decline is much larger than the 10% to 20% drops recorded by other venture funds, which have largely avoided the risky practice of purchasing volatile cryptocurrencies, according to fund investors. Despite the record cash pile, Andreessen has dramatically slowed the pace of its crypto investments this year.

Google

India Fines Google $113 Million, Orders To Permit Third-Party Payment Systems in Play Store (techcrunch.com) 20

India's antitrust watchdog has hit Google with $113 million fine for abusing the dominant position of its Google Play Store and ordered the firm to allow app developers to use third-party payments processing service for in-app purchases or for purchasing apps, the second such penalty on the Android-maker in just as many weeks in its largest market by users. From a report: The Competition Commission of India, which opened the probe into Google in late 2020, said mandating developers to use Google's own billing system for paid apps and in-app purchases through Play Store "constitutes an imposition of unfair condition" and thus violates provisions of the nation's competition act. The regulator -- which interviewed several industry players including Paytm, Zomato, Info Edge, Samsung, Vivo, Xiaomi, Microsoft and Realme as part of the investigation -- said that Google not using its billing system for its own apps such as YouTube amounts to "imposition of discriminatory conditions."
Bitcoin

Apple Has New App Store Rules For NFTs, Cryptocurrency (appleinsider.com) 9

Apple has announced updates to the App Store Review Guidelines, offering guidance for apps offering cryptocurrency and NFTs. Apple Insider reports: The text for the rule has been changed to include the following: "Apps may not use their own mechanisms to unlock content or functionality, such as license keys, augmented reality markers, QR codes, cryptocurrencies and cryptocurrency wallets, etc." The rule change is no surprise, as Apple only allows alternative payment systems in certain countries.

An addition to the 3.11 rule is as follows: "Apps may use in-app purchase to sell and sell services related to non-fungible tokens (NFTs), such as minting, listing, and transferring. Apps may allow users to view their own NFTs, provided that NFT ownership does not unlock features or functionality within the app. Apps may allow users to browse NFT collections owned by others, provided that the apps may not include buttons, external links, or other calls to action that direct customers to purchasing mechanisms other than in-app purchase."

Finally, Apple has revised rule 3.1.5(iii) to include cryptocurrency exchanges. These companies let people buy and sell cryptocurrencies using traditional fiat currency. "Exchanges: Apps may facilitate transactions or transmissions of cryptocurrency on an approved exchange, provided they are offered only in countries or regions where the app has appropriate licensing and permissions to provide a cryptocurrency exchange."

Transportation

United Airlines Hopes to Use Electric Planes for Flights Under 200 Miles By 2030 (futurism.com) 108

It's one of the largest airlines in the world. But now Futurism reports that United Airlines "is projecting it could have electric powered commercial flights by the tail end of this decade, potentially laying the groundwork for a much more environmentally friendly future for air travel." "Initially we want to fly on routes that are 200 miles or less," Mike Leskinen, president of United Airlines Ventures, told CNBC [at CNBC's ESG Impact Virtual Conference on Thursday]. "But as that energy density increases, that same aircraft will have a range of 250 miles, 300 miles, which is going to give us a lot more utility here connecting our hubs."

In other words, the battery-powered planes will get a chance to prove themselves in regional, short-haul flights, according to Leskinen.

United set their plans in motion last year, purchasing 100 battery-powered planes that can seat 19 passengers from the Swedish startup Heart Aerospace. Its founder Anders Forslund, who also attended the conference, said that the planes will be able to recharge in "under half an hour," which is about on par with industry standards. The airplane won't be taking off any time soon, however, as it still requires certification, but Forslund predicts they'll get approval by 2028.

For the long-haul flights, United has already announced plans to use sustainable fuel in its efforts to be carbon neutral by 2050.

Microsoft

New Windows 11 Insider Build Supports Third-Party Widgets, Slick New Teams Video Feature (theverge.com) 33

Microsoft is rolling out support for third-party widget development and new video calling functions for Chat from Microsoft Teams in its latest developer build of Windows 11. The new features in Preview Build 25217 are available for folks enrolled in the Windows Insider program. The Verge reports: Now, developers can create and test widgets that can be added to the Windows 11 widgets panel. New third-party widgets can only be tested locally on the latest Insider Preview build for now, but can later appear in the Microsoft Store for the shipping version of their apps once the build is formally released to the public. Microsoft says that Widgets can only be created for packaged Win32 apps at this time, but support for Progressive Web App (PWA) Widgets is planned as part of Microsoft Edge 108.

The Insider preview also includes a sneak peek (for a limited group of Insiders) at a new video calling experience for Chat from Microsoft Teams on Windows 11. When you open Chat from the taskbar, you'll soon be able to see a preview of your own video feed, allowing you to fix your appearance or spot any background issues before starting a call. Microsoft hopes to make this experience more broadly available in the coming months, but a 'small subset of users' will already have access to the feature as part of a sneak preview release. You can launch Chat from your Windows 11 taskbar yourself to check if you're one of the lucky few selected.

The Insider Preview Build 25217 also contains a few other feature updates, including improved cloud suggestions and integrated search suggestions for Simplified Chinese, and some design changes to the Microsoft Store. Now, the store makes it clearer if a game is included as part of Game Pass to spare you from accidentally purchasing a game you may have free access to. The Game Pass library is also getting a performance boost and some more simplified options.

China

China May Prove Arm Wrong About RISC-V's Role In the Datacenter (theregister.com) 49

Arm might not think RISC-V is a threat to its newfound foothold in the datacenter, but growing pressure on Chinese chipmaking could ultimately change that, Forrester Research analyst Glenn O'Donnell tells The Register. From the report: Over the past few years the US has piled on export bans and trade restrictions on Chinese chipmakers in an effort to stall the country's semiconductor industry. This has included barring companies with ties to the Chinese military from purchasing x86 processors and AI kit from the likes of Intel, AMD, and Nvidia. "Because the US-China trade war restricts x86 sales to China, Chinese infrastructure vendors and cloud providers need to adapt to remain in business," O'Donnell said. "They initially pivoted to Arm, but trade restrictions exist there too. Chinese players are showing great interest in RISC-V."

RISC-V provides China with a shortcut around the laborious prospect of developing their own architecture. "Coming up with a whole new architecture is nearly impossible," O'Donnell said. But "a design based on some architecture is very different from the architecture itself." So it should come as no surprise that the majority of RISC-V members are based in China, according to a report published last year. And the country's government-backed Chinese Academy of Sciences is actively developing open source RISC-V performance processors.

Alibaba's T-Head, which is already deploying Arm server processors and smartNICs, is also exploring RISC-V-based platforms. But for now, they're largely limited to edge and IoT appliances. However, O'Donnell emphasizes that there is no technical reason that would prevent someone from developing a server-grade RISC-V chip. "Similar to Arm, many people dismiss RISC-V as underpowered for more demanding applications. They are wrong. Both are architectures, not specific designs. As such, one can design a powerful processor based on either architecture," he said. [...] One of the most attractive things about RISC-V over Softbank-owned Arm is the relatively low cost of building chips based on the tech, especially for highly commoditized use cases like embedded processors, O'Donnell explained. While nowhere as glamorous as something like a server CPU, embedded applications are one of RISC-V's first avenues into the datacenter. [...] These embedded applications are where O'Donnell expects RISC-V will see widespread adoption, including in the datacenter. Whether the open source ISA will rise to the level of Arm or x86 is another matter entirely.

The Military

Revealed: US Military Bought Mass Monitoring Tool That Includes Internet Browsing, Email Data (vice.com) 37

An anonymous reader shares an excerpt from a report via Motherboard, written by Joseph Cox: Multiple branches of the U.S. military have bought access to a powerful internet monitoring tool that claims to cover over 90 percent of the world's internet traffic, and which in some cases provides access to people's email data, browsing history, and other information such as their sensitive internet cookies, according to contracting data and other documents reviewed by Motherboard. Additionally, Sen. Ron Wyden says that a whistleblower has contacted his office concerning the alleged warrantless use and purchase of this data by NCIS, a civilian law enforcement agency that's part of the Navy, after filing a complaint through the official reporting process with the Department of Defense, according to a copy of the letter shared by Wyden's office with Motherboard.

The material reveals the sale and use of a previously little known monitoring capability that is powered by data purchases from the private sector. The tool, called Augury, is developed by cybersecurity firm Team Cymru and bundles a massive amount of data together and makes it available to government and corporate customers as a paid service. In the private industry, cybersecurity analysts use it for following hackers' activity or attributing cyberattacks. In the government world, analysts can do the same, but agencies that deal with criminal investigations have also purchased the capability. The military agencies did not describe their use cases for the tool. However, the sale of the tool still highlights how Team Cymru obtains this controversial data and then sells it as a business, something that has alarmed multiple sources in the cybersecurity industry.

"The network data includes data from over 550 collection points worldwide, to include collection points in Europe, the Middle East, North/South America, Africa and Asia, and is updated with at least 100 billion new records each day," a description of the Augury platform in a U.S. government procurement record reviewed by Motherboard reads. It adds that Augury provides access to "petabytes" of current and historical data. Motherboard has found that the U.S. Navy, Army, Cyber Command, and the Defense Counterintelligence and Security Agency have collectively paid at least $3.5 million to access Augury. This allows the military to track internet usage using an incredible amount of sensitive information. Motherboard has extensively covered how U.S. agencies gain access to data that in some cases would require a warrant or other legal mechanism by simply purchasing data that is available commercially from private companies. Most often, the sales center around location data harvested from smartphones. The Augury purchases show that this approach of buying access to data also extends to information more directly related to internet usage.
"The Augury platform is not designed to target specific users or user activity. The platform specifically does not possess subscriber information necessary to tie records back to any users," said Team Cymru in a statement to Motherboard. "Our platform does not provide user or subscriber information, and it doesn't provide results that show any pattern of life, preventing its ability to be used to target individuals. Our platform only captures a limited sampling of the available data, and is further restricted by only allowing queries against restricted sampled and limited data, which all originates from malware, malicious activity, honeypots, scans, and third parties who provide feeds of the same. Results are then further limited in the scope and volume of what's returned," Team Cymru said in another email.

Charles E. Spirtos from the Navy Office of Information told Motherboard in an email that NCIS specifically "conducts investigations and operations in accordance with all applicable laws and regulations. The use of net flow data by NCIS does not require a warrant." He added that NCIS has not used netflow during any criminal investigation, but that "NCIS uses net flow data for various counterintelligence purposes."

Meanwhile, the Department of Defense Office of the Inspector General, which the whistleblower alleges referred their complaint to the Navy, told Motherboard it had received Wyden's letter and was reviewing it. The Office of the Naval Inspector General declined to comment and directed Motherboard back to its Department of Defense counterpart. The Defense Counterintelligence and Security Agency also deferred to the Department of Defense.

Submission + - Revealed: US Military Bought Mass Monitoring Tool (vice.com)

An anonymous reader writes: Multiple branches of the U.S. military have bought access to a powerful internet monitoring tool that claims to cover over 90 percent of the world’s internet traffic, and which in some cases provides access to people’s email data, browsing history, and other information such as their sensitive internet cookies, according to contracting data and other documents reviewed by Motherboard. Additionally, Sen. Ron Wyden says that a whistleblower has contacted his office concerning the alleged warrantless use and purchase of this data by NCIS, a civilian law enforcement agency that’s part of the Navy, after filing a complaint through the official reporting process with the Department of Defense, according to a copy of the letter shared by Wyden’s office with Motherboard.

The material reveals the sale and use of a previously little known monitoring capability that is powered by data purchases from the private sector. The tool, called Augury, is developed by cybersecurity firm Team Cymru and bundles a massive amount of data together and makes it available to government and corporate customers as a paid service. In the private industry, cybersecurity analysts use it for following hackers’ activity or attributing cyberattacks. In the government world, analysts can do the same, but agencies that deal with criminal investigations have also purchased the capability. The military agencies did not describe their use cases for the tool. However, the sale of the tool still highlights how Team Cymru obtains this controversial data and then sells it as a business, something that has alarmed multiple sources in the cybersecurity industry.

“The network data includes data from over 550 collection points worldwide, to include collection points in Europe, the Middle East, North/South America, Africa and Asia, and is updated with at least 100 billion new records each day,” a description of the Augury platform in a U.S. government procurement record reviewed by Motherboard reads. It adds that Augury provides access to “petabytes” of current and historical data. Motherboard has found that the U.S. Navy, Army, Cyber Command, and the Defense Counterintelligence and Security Agency have collectively paid at least $3.5 million to access Augury. This allows the military to track internet usage using an incredible amount of sensitive information. Motherboard has extensively covered how U.S. agencies gain access to data that in some cases would require a warrant or other legal mechanism by simply purchasing data that is available commercially from private companies. Most often, the sales center around location data harvested from smartphones. The Augury purchases show that this approach of buying access to data also extends to information more directly related to internet usage.

Crime

Coinbase Exec's Brother Pleads Guilty In Crypto Insider Trading Case (decrypt.co) 16

Nikhil Wahi, brother of former Coinbase product manager Ishan Wahi, pleaded guilty in a Monday hearing to one count of conspiracy to commit wire fraud in connection with an alleged insider trading scheme. Decrypt reports: "Less than two months after he was charged, Nikhil Wahi admitted in court today that he traded in crypto assets based on Coinbase's confidential business information to which he was not entitled," said Damien Williams of the U.S. Attorney's Office in New York in a statement. "For the first time ever, a defendant has admitted his guilt in an insider trading case involving the cryptocurrency markets," Williams continued. "Today's guilty plea should serve as a reminder to those who participate in the cryptocurrency markets that the Southern District of New York will continue to steadfastly police frauds of all stripes and will adapt as technology evolves."

Nikhil now awaits sentencing in December, which could mean up to 20 years in prison. He has also been ordered to give back the money earned as a result of the illicit Coinbase trading, Williams said. Back in July, the Justice Department charged Ishan, Nikhil, and their friend Sameer Ramani with wire fraud conspiracy and wire fraud as it relates to cryptocurrency insider trading. The Securities and Exchange Commission also filed charges against the trio. While he was working at Coinbase, Ishan allegedly shared his insider knowledge of upcoming Coinbase listing announcements with Nikhil and Sameer to then profit from the listings by purchasing the tokens before they went live on Coinbase. In August, Ishan pled not guilty to the DOJ's charges. Now that his brother has pleaded guilty, it's unclear how Ishan's case will proceed and whether he will continue to fight the insider trading case.

According to the DOJ's statement released Monday, Nikhil implicated his brother Ishan and admitted to receiving tips from him. Nikhil then reportedly used numerous different crypto wallets in others' names to anonymize his insider trading. Concerns of insider trading at cryptocurrency exchanges extend beyond just this case, which is considered the first of its kind and is likely to set a precedent. Three Australian finance academics have posited that up to 25% of Coinbase listings in the past four years may have involved some insider trading.

Bitcoin

'El Salvador Had a Bitcoin Revolution. Hardly Anybody Showed Up' (yahoo.com) 64

It's the one-year anniversary of El Salvador's adopting Bitcoin as a legal tender, so Bloomberg follows up, finding a country where "Adoption has moved slowly, and steep declines in Bitcoin's price from those lofty levels last fall have dampened the early euphoria that swept across the nation."

"Bitcoin hasn't replaced El Salvador's hard currency, the U.S. dollar — it's not even close — but it also hasn't brought the financial ruin that some warned of either. Or not yet anyway." "No one really talks about Bitcoin here anymore. It's kind of been forgotten," said former El Salvador central bank chief Carlos Acevedo. "I don't know if you'd call that a failure, but it certainly hasn't been a success...."

As part of the rollout, Salvadorans were offered government-issued digital wallets preloaded with $30 worth of Bitcoin to help kick things off. Under the law, taxes can be paid in Bitcoin and businesses should accept it as a form of payment, unless they are technologically unable to do so. But the coin's volatility has spooked users, and cryptocurrency has seen broader acceptance in countries with poor payment networks or strict currency controls, such as Argentina, Venezuela and Cuba, Acevedo said. "In El Salvador we have a good payments network, so why transfer money with cryptocurrency?" he said.

Most Salvadorans haven't poured large amounts of money into Bitcoin, saving many from the recent bear market, Acevedo said. The same can't be said of the government itself, which started purchasing the token last year in the run-up to its launch as legal tender and has continued to add to its stockpile, conspicuously "buying the dip" during periods when Bitcoin declined. The result? It's sitting on losses. [Later the article points out "The government's 2,381 Bitcoin bought with public funds are worth $47.2 million at current prices, less than half what the administration paid for them."] A series of recent surveys found that only a relatively small minority of respondents continue to use digital wallets and few businesses have registered transactions in Bitcoin. And the central bank says only 2% of remittances have been sent via cryptocurrency wallets.

The government is still claiming victory, however. Bitcoin has attracted foreign investment and tourism and increased financial access to a largely unbanked population, according to Finance Minister Alejandro Zelaya. The government says its digital wallet, Chivo, has more than 4 million users. Tourism is on pace to surpass pre-pandemic levels this year and the central bank says 59 cryptocurrency and blockchain companies have registered offices in El Salvador.

Other observations from Bloomberg:
  • While El Salvador's president remains popular, a May poll by a local university found 71.1% of respondents said the Bitcoin law didn't improve their family's finances.... "If you go to any market in El Salvador, you're more likely to receive an insult than be able to purchase something in Bitcoin," said the director of the university's public opinion institute. "It's not a part of people's daily routine."
  • The IMF "has held off on approving a $1.3 billion program for the country citing risks from Bitcoin."
  • Plans are still on for a Bitcoin-backed "volcano token".

Microsoft

Microsoft Sues Activation Key and Token Sellers For Enabling Customers' Piracy (torrentfreak.com) 41

Software sold by market leaders tend to be primary purchases for regular consumers. Brand comfort is important but so too is affordability, especially when pirate copies are available for free. Some find a middle ground with purchases of discounted activation keys but, as a new Microsoft lawsuit shows, that can amount to copyright infringement for buyers and sellers alike. From a report: In a complaint filed at a Washington court this week, Microsoft targets Canadian company The Search People Enterprises Ltd (TSPE), assumed director Mehtabjit Singh, and 'John Doe' defendants 1-10. The defendants are described as prolific distributors of "black market access devices," aka activation keys and tokens for Microsoft software. Those who bought keys and tokens may have been under the impression that they were purchasing official software but as Microsoft explains, that is not only misleading but a mischaracterization of the things they were sold.

Products including Microsoft Office, Project, Visio, Windows 10, and Windows 11 are all subject to licensing terms that restrict how the products can be used. Microsoft can also provide a product activation key to be entered as part of the installation process, with data about the activation sent to the company's servers. Like software tokens, which enable downloads and automatic software activation, activation keys are anti-piracy tools, and exchanging money for them is not the same as buying a license. Indeed, Microsoft makes itself very clear -- the activation of a piece of software means nothing in the absence of a license. Microsoft's problem is that product activation keys can be 'decoupled' from the software they were meant to authorize and then reused to activate more copies of the software, in some cases more copies than the attached Microsoft license permits.

Submission + - Citing danger of "ink spills" Epson programs printers to stop operating (substack.com)

chicksdaddy writes: Printer maker Epson has programmed some models of its inkjet printers to "stop operating" at a pre-determined time, citing the risk of property damaged linked to "ink spills," the Fight to Repair newsletter reports. (https://fighttorepair.substack.com/p/citing-danger-of-ink-spills-epson).

Epson printer owners have complained (https://twitter.com/marktavern/status/1550605262700122112?s=20&t=8AjU1bZ_f9o-r37VkJn8Ig) that their functioning printers have suddenly stopped working, displaying an error message declaring that a component of the printer has "reached the end of its service life" and that the device needs to be serviced. According to Epson's website (https://epson.com/Support/wa00369), the message is linked to ink pads, which Epson describes as “porous pads in the printer that collect, distribute, and very importantly contain the ink that is not used on printed pages.” Over time, these pads become saturated with ink though generally not “before the printer is replaced for other reasons” (??!)

“Like so many other products, all Epson consumer ink jet products have a finite life span due to component wear during normal use... The printers are designed to stop operating at the point where further use without replacing the ink pads could create risks of property damage from ink spills or safety issues related to excess ink contacting an electrical component,” the company said on its website.

Rather than measure the saturation of the ink pads to determine when that point is reached, however, Epson appears to have programmed a counter on its printers that disables the device when a threshold has been reached. For printer owners who use Windows, Epson makes a reset utility that can reset the counter though it can "only be used once and will allow printing for a short period of time.” For Mac users, or Windows users who have already run the reset utility once, Epson urges them to have the printer serviced by an Epson authorized service shop or — preferably — to replace the printer with a new printer. “Repair may not be a cost-effective option for lower-cost printers because other components may also be near the end of their usable life," the company said. Despite the company's claims about the unfixability of the ink pad issue, YouTube videos suggest that the ink pads are, in fact, simple to replace, as this video illustrates. https://youtu.be/EocI_8awj38

Legal experts say that Epson's hard coding an end of life for its printers may be illegal — an example of "Deceptive trade practices," unless it is clearly disclosing the existence of the programmed end of life to consumers prior to purchase.

“Without some very clear warning to consumers, it wouldn’t surprise me to see some pushback along the lines of the FTC’s intervention in the Revolv bricking incident a few years back,” said Aaron Perzanowski of University of Michigan Law School, referring to Nest’s “smart home hub,” which the company decided to stop supporting in 2016 after purchasing Revolv in 2014. (https://www.perzanow.ski/blog/2016/7/14/ftcs-revolv-investigation)

The decision to shut down servers supporting the Revolv devices effectively “bricked” the devices. That, the FTC decided, caused “unjustified, substantial consumer injury that consumers themselves could not reasonably avoid.” The FTC ultimately refrained from an enforcement action against Nest noting, in a letter, that the company had already offered full refunds to affected customers (after the outcry, it should be noted), but reserved the right to “take further action as the public interest may warrant.”

United States

Why Are People Moving Out of California? (sfgate.com) 401

A report from the Federal Reserve Bank of Chicago analyzed data from a moving company, concluding that 59.4% of the moves in California were out of the state — the second-highest percentage for any state in America (behind only Illinois). And that percentage is growing, reports the Los Angeles Times, since between 2018 and 2019, California had a lower outbound move rate of just 56%. Citing changes in work-life balance, opportunities for remote work and more people deciding to quit their jobs, the report found that droves of Californians are leaving for states like Texas, Virginia, Washington and Florida. California lost more than 352,000 residents between April 2020 and January 2022, according to California Department of Finance statistics [about 15,476 per month].

San Francisco and Los Angeles rank first and second in the country, respectively, for outbound moves as the cost of living and housing prices continue to balloon and homeowners flee to less expensive cities, according to a report from Redfin released this month. [Los Angeles residents] in particular, are flocking to places like Phoenix, Las Vegas, San Diego, San Antonio and Dallas. The number of Los Angeles residents leaving the city jumped from around 33,000 in the second quarter of 2021 to nearly 41,000 in the same span of 2022, according to the report.

California has grappled with extremely high housing prices compared with other states, according to USC economics professor Matthew Kahn. Combined with the pandemic and the rise in remote work, privileged households relocated when they had the opportunity. "People want to live here, but an unintended consequence of the state's environmentalism is we're not building enough housing in desirable downtown areas," Kahn said. "That prices out middle-class people to the suburbs [and creates] long commutes. We don't have road pricing to help the traffic congestion, and these headaches add up. So when you create the possibility of work from home, many of these people ... they say 'enough' and they move to a cheaper metropolitan area." Kahn also pointed out that urban crime, a growing unhoused population, public school quality and overall quality of life are driving out residents.

"In New York City, but also in San Francisco, there are all these fights about which kids get into which elite public schools," he said. "The rich are always able to hide in their bubble, but if the middle class looks at this quality of life declining, that's a push factor to leave."

Redfin chief economist Daryl Fairweather cited a June report that tracked the change in spending power of a homebuyer on a $2,500 monthly budget. While 11.2% of homes in Los Angeles were affordable on that budget, using a 3% interest rate, that amount swelled to about 72% in Houston and about 50% in Phoenix. "It's really an affordability problem," Fairweather said. "California for the longest time has prioritized single-family zoning, which makes it so people stay in their homes longer because their property taxes don't reflect the true value. California is the epicenter of where the housing shortage is so people have no choice but to move elsewhere."

The Times also notes figures from the Public Policy Institute of California showing that the state's population did increase between 2010 and 2020 — but by just 5.8%, "below the national growth rate of 6.8%, and resulting in the loss of a congressional seat in 2021 for the first time in the state's history."

At least part of this seems tied to a sudden curtailing of immigration into California. UCLA economics professor Lee Ohanian points out that immigration had offset California's population outflow over the past two decades, but "Delays in processing migration requests to the U.S. were compounded during the pandemic, resulting in the lowest levels of immigration in decades, according to U.S. Census Bureau data. Estimates showed a net increase of 244,000 new immigrants between 2020 and 2021 — roughly half the 477,000 new immigrant residents recorded between 2019 and 2020 and a drastic reduction from more than 1 million reported from 2015 to 2016." The state is also seeing a dwindling middle class, said Ohanian, who cited a report from the National Association of Realtors, outlining that the national median home sales price has reached $416,000, a record high. Meanwhile, California's median home price has topped $800,000. "(California is) at a risk for becoming a state for very, very wealthy people and very, very low earners who receive state and local and federal aid that allows them to be able to live here," Ohanian said. "We should worry about those in the middle who are earning that $78,000 household median income and is, at the end of the day, really struggling, especially if they have interest in buying a home."

Submission + - TheSpiceDAO to sell Jodorowsky's Dune bible then dissolve (theverge.com)

UnknowingFool writes: In a update to a previous story, TheSpiceDAO, a cryptocurrency collective, which bought a copy of Alejandro Jodorowsky's Dune bible now wants to sell it fourth quarter of 2023 then dissolve. After purchasing the bible at auction in December 2021 for $3M, the group announced plans to make the bible public as well as produce an animated series based upon it. Many pointed out that owning a copy of a book would not grant the collective copyrights to the content thus TheSpiceDAO could not release it publicly nor had a license to create an animated series. Jodorowsky's Dune bible was his vision for adapting Dune into a film but those film rights were sold after all major studios rejected his adaption.
Graphics

SF Writer/Digital Art/NFT Pioneer Herbert W. Franke Dies at Age 95 (artnews.com) 20

On July 7th Art News explained how 95-year-old Austrian artist Herbert W. Franke "has recently become a sensation within the art world the crypto space," describing the digital pioneer as a computer artist using algorithms and computer programs to visualize math as art. Last month, the physicist and science fiction writer was behind one of the most talked about digital artworks at a booth by the blockchain company Tezos at Art Basel. Titled MONDRIAN (1979), the work paid tribute to artist Piet Mondrian's iconic geometric visuals using a program written on one of the first home computers.

Days before this, Franke, who studied physics in Vienna following World War II and started working at Siemens in 1953, where he conducted photographic experiments after office hours, launched 100 images from his famed series "Math Art" (1980-95) as NFTs on the Quantum platform. The drop was meant to commemorate his birthday on May 14 and to raise funds for his foundation. The NFTs sold out in 30 seconds, with the likes of pioneering blockchain artist Kevin Abosch purchasing a few.

In one of his last interviews, Franke told the site that blockchain "is a totally new environment, and this technology is still in its early stages, like at the beginning of computer art. But I am convinced that it has opened a new door for digital art and introduced the next generation to this new technology." It echoed something he'd said in his first book, published in 1957, which he later quoted in the interview (a full 65 years later). "Technology is usually dismissed as an element hostile to art. I want to try to prove that it is not..."

This morning, long-time Slashdot reader Qbertino wrote: The German IT news site heise reports (article in German) that digital art pioneer, SF author ("The Mind Net") and cyberspace avantgardist Herbert W. Franke has died at age 95. His wife recounted on his Twitter account: "Herbert loved to call himself the dinosaur of computer art. I am [...] devastated to announce that our beloved dinosaur has left the earth.

"He passed away knowing there is a community of artists and art enthusiasts deeply caring about his art and legacy."
Among much pioneering work he founded one of the worlds first digital art festivals "Ars Electronica" in Austria in 1979.

Franke's wife is still running the Art Meets Science web site dedicated to Franke's work. Some highlights from its biography of Franke's life: Herbert W. Franke, born in Vienna on May 14, 1927, studied physics and philosophy at the University of Vienna and received his doctorate in 1951... An Apple II was his first personal computer which he bought 1980. He developed a program as early as 1982 that used a midi interface to control moving image sequences through music....

Only in recent years has "art from the machine" begun to interest traditional museums as a branch of modern art. Franke, who from the beginning was firmly convinced of the future importance of this art movement, has also assembled a collection of computer graphics that is unique in the world, documenting 50 years of this development with works by respected international artists, supplemented by his own works....

As a physicist, Franke was predestined to bring science and technology closer to the general public in popular form due to his talent as a writer, which became apparent early on. About one-third of his nearly fifty books, as well as uncounted journal articles...

Franke's novels and stories are not about predicting future technologies, nor about forecasting our future way of life, but rather about the intellectual examination of possible models of our future and their philosophical as well as ethical interpretation. In this context, however, Franke attaches great importance to the seriousness of scientific or technological assessments of the future in the sense of a feasibility analysis. In his opinion, a serious and meaningful discussion about future developments can basically only be conducted on this basis. In this respect, Franke is not a typical representative of science fiction, but rather a visionary who, as a novelist, deals with relevant questions of social future and human destiny on a high intellectual level.

Power

Smart Thermostats Inadvertently Strain Electric Power Grids (cornell.edu) 159

According to a new study from Cornell researchers, smart thermostats are initiating peak demand throughout the network at a bad time of day. From a report: "Many homes have their smart thermostats turn down temperatures at night in the winter," said Max Zhang, a professor in Cornell's Sibley School of Mechanical and Aerospace Engineering and the Kathy Dwyer Marble and Curt Marble Faculty Director at the Cornell Atkinson Center for Sustainability. "The temperature can be programmed to ramp up before you wake up -- and you'll have a warm house. That's the smart thing to do. But if everyone keeps their default setting, let's say 6 a.m., the electric grid suffers synchronized demand spikes and that's not smart for the system. That's the challenge." "As we electrify the heating sector to decarbonize the grid," he said, "this so-called load synchronization will become a problem in the near future."

In 2021, about 40% of U.S. homes had smart thermostats, as utilities encourage adoption, according to the paper. Lee and Zhang examined wintertime smart thermostat data for over 2,200 homes in New York state, noted for its cold winter climate and a mix of urban, suburban and rural communities. Homeowners purchasing a smart thermostat can opt to share their data anonymously with electric utilities for research purposes. Lee and Zhang investigated "setpoint behavior" and learned that most homeowners use the smart thermostat's factory-default settings. Evidence showed that residents remain confused about how to operate their thermostats and are often unable to program it, the authors said. In fact, their data indicates homeowners achieved energy savings of only 5% to 8%, far less than the devices' potential of 25% to 30%, Lee said.

If hundreds of homes have their smart thermostat set to turn on at 6 a.m., the electric grids see a peak at 6:05 a.m., which is about an hour before daylight during New York state winters. While the setpoint schedules are designed to achieve the energy-saving benefit, the peak demands are concentrated primarily when renewable energy is unavailable -- aggravating the peak demand by nearly 50%, according to the paper. "The smart thermostat data shows both an increase in frequency of high daily peak heating demand," Lee said, "as well as an increase in the magnitude of the overall peak demand."

Google

Google Allowed a Sanctioned Russian Ad Company To Harvest User Data For Months (propublica.org) 6

An anonymous reader quotes a report from ProPublica: The day after Russia's February invasion of Ukraine, Senate Intelligence Committee Chairman Mark Warner sent a letter (PDF) to Google warning it to be on alert for "exploitation of your platform by Russia and Russian-linked entities," and calling on the company to audit its advertising business's compliance with economic sanctions. But as recently as June 23, Google was sharing potentially sensitive user data with a sanctioned Russian ad tech company owned by Russia's largest state bank, according to a new report provided to ProPublica.

Google allowed RuTarget, a Russian company that helps brands and agencies buy digital ads, to access and store data about people browsing websites and apps in Ukraine and other parts of the world, according to research from digital ad analysis firm Adalytics. Adalytics identified close to 700 examples of RuTarget receiving user data from Google after the company was added to a U.S. Treasury list of sanctioned entities on Feb. 24. The data sharing between Google and RuTarget stopped four months later on June 23, the day ProPublica contacted Google about the activity.

RuTarget, which also operates under the name Segmento, is owned by Sberbank, a Russian state bank that the Treasury described as "uniquely important" to the country's economy when it hit the lender with initial sanctions. RuTarget was later listed in an April 6 Treasury announcement that imposed full blocking sanctions on Sberbank and other Russian entities and people. The sanctions mean U.S. individuals and entities are not supposed to conduct business with RuTarget or Sberbank. Of particular concern, the analysis showed that Google shared data with RuTarget about users browsing websites based in Ukraine. This means Google may have turned over such critical information as unique mobile phone IDs, IP addresses, location information and details about users' interests and online activity, data that U.S. senators and experts say could be used by Russian military and intelligence services to track people or zero in on locations of interest.
Google spokesperson Michael Aciman told ProPublica that the company blocked RuTarget from using its ad products in March, and that RuTarget has not purchased ads directly via Google since then. "He acknowledged the Russian company was still receiving user and ad buying data from Google before being alerted by ProPublica and Adalytics," adds the report.

"Aciman said this action includes not only preventing RuTarget from further accessing user data, but from purchasing ads through third parties in Russia that may not be sanctioned. He declined to say whether RuTarget had purchased ads via Google systems using such third parties, and he did not comment on whether data about Ukrainians had been shared with RuTarget."
Transportation

Ford Says You Can Never Own Leased EVs (thetruthaboutcars.com) 257

schwit1 shares a report from The Truth About Cars: Ford Motor Co. will be suspending end-of-lease buyout options for customers driving all-electric vehicles, provided they took possession of the model after June 15, 2022. Those who nabbed their Mach-E beforehand will still have the option of purchasing the automobile once their lease ends. However, there are some states that won't be abiding by the updated rules until the end of the year, not that it matters when customers are almost guaranteed to have to wait at least that long on a reserved vehicle.

The change, made earlier in the month, cruised under our radar until a reader asked for our take over the weekend. Ford could be wanting to capitalize on exceptionally high used vehicle prices, ensuring that more vehicles make it back into rotation. The broader industry has likewise been talking about abandoning traditional ownership to transition the auto market into being more service-oriented where manufacturers ultimately retain ownership of all relevant assets. But it may not be that simple as this being another step in the business sector's larger plan to maximize profitability by discouraging private vehicle ownership.

[...] While leasing customers will not be able to buy their EV, Ford Credit will allow them to renew an expiring contract in exchange for a brand-new model. Amazingly, the manufacturer is trying to frame this as environmentally responsible. But it smells like planned obsolescence and desperation from where I'm sitting. Ford knows that electrics require far less labor to produce. By also retaining/recycling the most-expensive component (the battery) it can effectively maximize profitability on a three or four-year turnaround. For now, the updated leasing scheme is limited exclusively to all-electric products (e.g. Ford Lightning or Mach-E "Mustang") sold in 37 individual states. But the long wait times for new EVs and Ford's desire to expand the plan through the rest of the year effectively means it'll be national by the time most people take ownership.

Television

Inside Roku, Talk is Heating Up About an Acquisition By Netflix (businessinsider.com) 41

An anonymous reader shares a report: At Roku, a video-streaming platform operator that's suffered a punishing stock plunge, employees are buzzing about the possibility of an acquisition -- and their talk and hopes are pinned on Netflix. Employees at Roku have been discussing the possibility of a Netflix acquisition in recent weeks, according to people familiar with the matter. The chatter comes as Roku's stock has dropped about 80% since late July on weaker demand for video streaming and lower set-top-box sales.

Roku competes with Apple, Amazon, Google, and Samsung in the market for streaming devices, and some of those industry titans are battling with the smaller company for lucrative video-ad dollars. The collapse in Roku's stock made it hard to compete with its larger tech rivals on pay in a tight labor market. The result has been a staggering increase in equity grants to employees, leaving Roku well underwater on stock-based compensation. Roku has been seen as an acquisition target before -- including last year, when, according to The Wall Street Journal, Comcast CEO Brian Roberts considered purchasing the company. In January, the departure of a top Roku executive stoked questions about the company's future.

Science

Consumers Embrace Milk Carton QR Codes, May Cut Food Waste (phys.org) 224

The "use-by" and "best-by" dates printed on milk cartons and gallon jugs may soon become a thing of the past, giving way to more accurate and informative QR codes. Phys.Org reports: A new Cornell University study finds that consumers will use the QR codes to better depict how long the milk is drinkable and create substantially less agricultural and food waste. In the U.S., dairy products are among the top three food groups with the largest share of wasted food, said Samantha Lau, a doctoral student in food science who works in the lab of Martin Wiedmann, the professor of food safety in the College of Agriculture and Life Sciences.

In the early spring semester, Lau, also working with Cornell's Milk Quality Improvement Program, connected with the Cornell Dairy Bar, which sells fluid milk in addition to ice cream on campus. She wanted to assess consumer acceptance for QR code technology that may one day replace the static best-by or sell-by dates commonly found on food products. Customers had a choice: purchasing milk with printed best-by dates, or buying containers with QR codes, which when scanned by a smart phone, would display the best-by date.

In the same Cornell Dairy Bar study, Lau placed a dynamic pricing element where consumers were encouraged to purchase milk with a shorter remaining shelf life -- by offering a price discount as the best-by date approached. "During two-month study, over 60% of customers purchased the milk with the QR code, showing a considerable interest in using this new technology," Lau said. "This revealed that the use of QR codes on food products can be an innovative way to address the larger issue of food waste."
Wiedmann says the technology also exists where smart milk cartons could communicate with smart refrigerators to inform a household of the need for fresh milk.

The study has been published in the Journal of Dairy Science.

Slashdot Top Deals