An anonymous reader writes "Two MIT students have successfully photographed the earth from space on a strikingly low budget of $148. Perhaps more significantly, they managed to accomplish this feat using components available off-the-shelf to the average layperson, opening the door for a new generation of amateur space enthusiasts. The pair plan to launch again soon and hope that their achievements will inspire teachers and students to pursue similar endeavors."

After watching the stock market struggle for the past year, financial experts from Wall Street and academia are putting more effort into bringing behavioral modeling into their complex financial calculations. "The risk models proved myopic, they say, because they were too simple-minded. They focused mainly on figures like the expected returns and the default risk of financial instruments. What they didn't sufficiently take into account was human behavior, specifically the potential for widespread panic." Analysts are looking at research from other fields to supplement the hard mathematics of risk assessment. "Financial markets, like online communities, are social networks. Researchers are looking at whether the mechanisms and models being developed to explore collective behavior on the Web can be applied to financial markets." Another avenue they're exploring is how we react to the spread of disease. Jon M. Kleinberg, a computer scientist at Cornell, said, "The hope is to take this understanding of contagion and use it as a perspective on how rapid changes of behavior can spread through complex networks at work in financial markets."

zakkie writes "Ford is releasing new safety-enhancing radar equipment for its 2010 Taurus sedan. The radar itself is based on F22 fighter radar, but interestingly, it's claimed that the software is built from open source. What that may mean, in the vague, waffling context of the article, is unclear, but it's interesting simply because they've gone to the effort of stating it in those words. Clearly, 'open source' is being thought of outside the IT world as a good thing, and that surely is itself a good thing. The purpose of the radar device is to help 'avoid crashes by sounding an alarm and flashing red lights when the driver gets too close to another car.'"

oDDmON oUT writes "'Maintaining a reliable command and control (C&C) structure is a priority for back door Trojan writers. ... Symantec has observed an interesting variation on this concept in the wild. A back door Trojan that we are calling Trojan.Grups has been using the Google Groups newsgroups to distribute commands,' writes Symantec employee Gavin O Gorman. He goes on to state that 'the Trojan itself is quite simple. It is distributed as a DLL,' and while the decrypted commands indicate it is used 'for reconnaissance and targeted attacks,' he does go on record as saying, 'It's worth noting that Google Groups is not at fault here; rather, it is a neutral party. The authors of this threat have chosen Google Groups simply for its bevy of features and versatility.'"

An anonymous reader writes "The Boston Globe, covering a battle to unseat the 16-year incumbent mayor, has found out that the city has no email retention policy. A city official who receives hundreds of emails a day was found to have only 18 emails in his mailbox. The city has enabled journaling on its Exchange server in response. The Globe also notes that they had to curtail requests for emails under the Open Records law because for each mailbox, 'City officials estimated they would charge $5,000 for six months worth of email.'"

Dagondanum writes "Armadillo Aerospace has officially won the 2009 Northrop Grumman Lunar Lander Challenge Level 2, on a rainy day at Caddo Mills, Texas. Reports came in from various locations during the day and spectators posted videos and images using social networking tools such as Twitter. The Level 2 prize requires the rocket to fly for 180 seconds before landing precisely on a simulated lunar surface constructed with craters and boulders. The minimum flight times are calculated so that the Level 2 mission closely simulates the power needed to perform a real descent from lunar orbit down to the surface of the Moon. First place is a prize of $1 million while second is $500,000."

ramen99 writes "Our new car insurance company offered us discounts for our teenage driver if we agree to install a 'drive-cam' that records driving habits and wirelessly transmits video footage to a 'neutral driving coach' for evaluation and comment. While this might be great to monitor a new teen driver, it will also monitor other adult drivers. The insurance company claims that they would never use any information obtained to consider changes in insurance rates, but that really sounds unbelievable. Would you give up your privacy to save some dough? Installation is free, and the camera mounts just under the rear-view mirror. Something seems fishy about this..." Especially when, according to a British insurance firm, computer engineers are most likely to crash (sent in by antdude).

elyons sends word out of UCLA of a completely unexpected discovery in the physics of the Sun-Earth interaction — a previously unknown basic mode of energy transfer from the solar wind to the Earth's magnetosphere. "'It's like something else is heating the atmosphere besides the sun. This discovery is like finding it got hotter when the sun went down,' said Larry Lyons, UCLA professor of atmospheric and oceanic sciences. 'We all have thought for our entire careers — I learned it as a graduate student — that this energy transfer rate is primarily controlled by the direction of the interplanetary magnetic field. The closer to southward-pointing the magnetic field is, the stronger the energy transfer rate is, and the stronger the magnetic field is in that direction. [It turns out that] if it is both southward and big, the energy transfer rate is even bigger.'" The researchers have two papers on the discovery coming out in the Journal of Geophysical Research.

krick-zero writes "eBay recently rolled out a new page design. Many eBay sellers are reporting issues with missing description text, resulting in lost sales. Buyers are reporting the same intermittent issue, on multiple platforms, with multiple browsers. After complaining to eBay customer service, one user got this response: 'I have reviewed several of your listings using my computer and had several of my coworkers view your listings as well and we are seeing the complete listings. Many times when buyers are not able to see the whole description or just bits and pieces it is due to browser issues they are having. A lot of times if they simply clear out their cache and cookies or change browsers (i.e. change from Internet explorer to Firefox or vice versa) they no longer have this problem.'"

theodp writes "Despite layoffs and a blip in earnings, the Chicago Trib reports that Microsoft's summer interns still enjoy the VIP treatment. Although there were 20% fewer of them this year than last, still 85% of the interns are offered full-time jobs. In addition to being paid $4,600-$6,000 a month, a housing stipend, and relocation costs for the summer, the 600 or so Microsoft apprentices enjoyed other perks — such as a police escort to speed their way to a private museum party where they screened the most recent Harry Potter movie and were given a free Xbox 360. 'You feel like royalty to be escorted by police,' said Joriz De Guzman, an intern working toward his MBA at Wharton. BTW, before he got mixed up with those MBA-types, De Guzman earned some fame as the Doogie Howser of computer science."

goran72 sends along the story of the world's oldest living organism, a shrub that grows in Tasmania and reproduces only by cloning. Tasmanian scientists have cloned Lomatia tasmanica as part of a battle to save it from a deadly fungus. From the RTBG's press release (which seems to load slowly in the US):"The Royal Tasmanian Botanical Gardens [RTBG] is working towards securing the future of a rare and ancient Tasmanian native plant... Lomatia tasmanica, commonly known as King's Lomatia, is critically endangered with less than 500 plants growing in the wild in a tiny pocket of Tasmania's isolated south west. The RTBG has been propagating the plant from cuttings since 1994... 'Fossil leaves of the plant found in the south west were dated at 43,600 years old and given that the species is a clone, it is possibly the oldest living plant in the world,' [Botanist Natalie Tapson] said."

Foot-in-Mouth writes "Physorg has an article about a researcher, Dr. Simon Scarle at the University of Warwick's WMG Digital Laboratory, who needed to model some cardiological processes. Conventionally, he would requisition time on a university parallel-processing computer or use a network of PCs. However, Dr. Scarle's work history included gaming industry experience as a software engineer at a company associated with Microsoft Games Studio. His idea was that researchers could use Xbox 360s as an inexpensive parallel computing platform due to the console's hefty parallel processing-enabled GPU. He said, 'Although major reworking of any previous code framework is required, the Xbox 360 is a very easy platform to develop for and this cost can easily be outweighed by the benefits in gained computational power and speed, as well as the relative ease of visualization of the system.'"

eggboard writes "iFixIt has discovered a Broadcom 802.11a/b/g/n chip in the just-announced iPod touch (32 GB and 64 GB) models that uses single-stream 802.11n. Single-stream doesn't get the full power of N, but it boosts speed enough that — along with space-time block encoding, a feature coming soon to Wi-Fi access points with two or more radios — the iPod touch could be an effective networked media server, for streaming and transfer, possibly through the new iTunes Home Sharing feature."

The Register writes up a Russian security researcher who has uncovered a Linux webserver botnet that is coordinating with a more conventional home-based botnet of Windows machines to distribute malware. "Each of the infected machines examined so far is a dedicated or virtual dedicated server running a legitimate website, Denis Sinegubko, an independent researcher based in Magnitogorsk, Russia, told The Register. But in addition to running an Apache webserver to dish up benign content, they've also been hacked to run a second webserver known as nginx, which serves malware [on port 8080]. 'What we see here is a long awaited botnet of zombie web servers! A group of interconnected infected web servers with [a] common control center involved in malware distribution,' Sinegubko wrote. 'To make things more complex, this botnet of web servers is connected with the botnet of infected home computer(s).'"

Mike writes "San Francisco recently saw the unveiling of the world's first algae fuel-powered vehicle, dubbed the Algaeus. The plug-in hybrid car, which is a Prius tricked out with a nickel metal hydride battery and a plug, runs on green crude from Sapphire Energy — no modifications to the gasoline engine necessary. The set-up is so effective, according to FUEL producer Rebecca Harrell, that the Algaeus can cross the US on approximately 25 gallons of fuel — a figure which is currently being tested on a coast-to-coast road trip."