×
Software

Software Firms Across US Facing Massive Tax Bills That Threaten Tech Startup World Survival (cnbc.com) 77

Across the software development field, founders are experiencing an income tax season that has become an existential threat to their company's survival. Software startups say they were blindsided by shocking tax bills as a result of a change in law related to research and development costs, and if Congress does not provide a retroactive fix, business failures will spread throughout the industry. From a report: The root of the issue is the inability of lawmakers to extend a key tax provision that had bipartisan support at the end of last year that allows for full expensing of research and development costs under Section 174 of the tax code. That did not come out of nowhere, and was a big disappointment to major corporations that had lobbied for the measure. But for many small business owners who often wear multiple hats, don't have lobbying arms or relationships with big four CPA firms, the change to require R&D amortization over a period of five years first became known this spring when accountants showed them the massive tax bills they owed the government. As word has spread throughout the software community, some owners remain too afraid to look at the full tax cost as they file for tax extensions and accountants revise their returns.

The pain is being felt from the smallest software developers of a dozen or less employees to large venture-backed companies sitting on pre-2022 frothy valuations, with tax bills rising to a level where cash flow is being drained, forcing painful financial decisions. Startups need to take out loans or extend lines of credit at a time of tighter bank lending and higher rates, ask VCs for more money during the worst fundraising environment in over a decade, freeze hiring and contemplate layoffs -- if they have not started making them already within a sector leading the economy in job losses and running at a rate higher than the worst layoffs of the dotcom bubble. Many software firms will make it through this year, but if R&D full expensing treatment is not brought back, they say survival will become an issue. The software development field is the starkest example of the fallout from the R&D tax change because its biggest expense is software development talent. Developers don't come cheap, and until tax year 2022, these companies could fully expense those costs as R&D rather than having to amortize them over multiple years. Industry success relies on the contribution of software talent, but when that cost overwhelms cash flow and profits, it potentially makes the business model untenable.

Social Networks

Scammers are Tricking Instagram Into Banning Influencers (propublica.org) 53

ProPublica looks at "a booming underground community of Instagram scammers and hackers who shut down profiles on the social network and then demand payment to reactivate them." While they also target TikTok and other platforms, takedown-for-hire scammers like OBN are proliferating on Instagram, exploiting the app's slow and often ineffective customer support services and its easily manipulated account reporting systems. These Instascammers often target people whose accounts are vulnerable because their content verges on nudity and pornography, which Instagram and its parent company, Meta, prohibit.... In an article he wrote for factz.com last year, OBN dubbed himself the "log-out king" because "I have deleted multiple celebrities + influencers on Meta & Instagram... I made about $300k just off banning and unbanning pages," he wrote.

OBN exploits weaknesses in Meta's customer service. By allowing anyone to report an account for violating the company's standards, Meta gives enormous leverage to people who are able to trick it into banning someone who relies on Instagram for income. Meta uses a mix of automated systems and human review to evaluate reports. Banners like OBN test and trade tips on how to trigger the system to falsely suspend accounts. In some cases OBN hacks into accounts to post offensive content. In others, he creates duplicate accounts in his targets' names, then reports the original accounts as imposters so they'll be barred for violating Meta's ban on account impersonation. In addition, OBN has posed as a Meta employee to persuade at least one target to pay him to restore her account.

Models, businesspeople, marketers and adult performers across the United States told ProPublica that OBN had ruined their businesses and lives with spurious complaints, even causing one woman to consider suicide. More than half a dozen people with over 45 million total followers on Instagram told ProPublica they lost their accounts temporarily or permanently shortly after OBN threatened to report them. They say Meta failed to help them and to take OBN and other account manipulators seriously. One person who said she was victimized by OBN has an ongoing civil suit against Meta for lost income, while others sent the company legal letters demanding payment....

A Meta spokesperson acknowledged that OBN has had short-term success in getting accounts removed by abusing systems intended to help enforce community standards. But the company has addressed those situations and taken down dozens of accounts linked to OBN, the spokesperson said. Most often, the spokesperson said, OBN scammed people by falsely claiming to be able to ban and restore accounts.... After banning an account, OBN frequently offers to reactivate it for a fee as high as $5,000, kicking off a cycle of bans and reactivations that continues until the victim runs out of money or stops paying.

A Meta spokesperson told the site they're currently "updating our support systems," including a tool to help affected users and letting more speak to a live support agent rather than an automated one. But the Meta spokesperson added that "This remains a highly adversarial space, with scammers constantly trying to evade detection by social media platforms."

ProPublica ultimately traced the money to a 20-year-old who lives with his mother (who claimed he was only "funnelling" the money for someone else). After that conversation OBN "announced he would no longer offer account banning as a service" — but would still sell his services in getting your account verified.
Television

Meet DTV's Successor: NextGen TV (cnet.com) 135

Around 2009 Slashdot was abuzz about how over-the-air broadcasting in North America was switching to a new standard called DTV. (Fun fact: North America and South America have two entirely different broadcast TV standards — both of which are different from the DVB-T standard used in Europe/Africa/Australia.) But 2022 ends with us already talking about DTV's successor in North America: the new broadcast standard NextGen TV.

This time the new standard isn't mandatory for TV stations, CNET points out — and it won't affect cable, satellite or streaming TV. But now even if you're not paying for a streaming TV service, another article points out, in most major American cities "an inexpensive antenna is all you'll need to get get ABC, CBS, Fox, NBC and PBS stations" — and often with a better picture quality: NextGen TV, formerly known as ATSC 3.0, is continuing to roll out across the U.S. It's already widely available, with stations throughout the country broadcasting in the new standard. There are many new TVs with compatible tuners plus several stand-alone tuners to add NextGen to just about any TV. As the name suggests, NextGen TV is the next generation of over-the-air broadcasts, replacing or supplementing the free HD broadcasts we've had for over two decades. NextGen not only improves on HDTV, but adds the potential for new features like free over-the-air 4K and HDR, though those aren't yet widely available.

Even so, the image quality with NextGen is likely better than what you're used to from streaming or even cable/satellite. If you already have an antenna and watch HD broadcasts, the reception you get with NextGen might be better, too.... Because of how it works, you'll likely get better reception if you're far from the TV tower.

The short version is: NextGen is free over-the-air television with potentially more channels and better image quality than older over-the-air broadcasts.

U.S. broadcast companies have also created a site at WatchNextGenTV.com showing options for purchasing a compatible new TV. That site also features a video touting NextGen TV's "brilliant colors and a sharper picture with a wider range of contrast" and its Dolby audio system (with "immersive, movie theatre-quality sound" with enhancements for voice and dialogue "so you get all of the story.") And in the video there's also examples of upcoming interactive features like on-screen quizzes, voting, and shopping, as well as the ability to select multiple camera angles or different audio tracks.

"One potential downside? ATSC 3.0 will also let broadcasters track your viewing habits," CNet reported earlier this year, calling the data "information that can be used for targeted advertising, just like companies such as Facebook and Google use today...

"Ads specific to your viewing habits, income level and even ethnicity (presumed by your neighborhood, for example) could get slotted in by your local station.... but here's the thing: If your TV is connected to the internet, it's already tracking you. Pretty much every app, streaming service, smart TV and cable or satellite box all track your usage to a greater or lesser extent."

But on the plus side... NextGen TV is IP-based, so in practice it can be moved around your home just like any internet content can right now. For example, you connect an antenna to a tuner box inside your home, but that box is not connected to your TV at all. Instead, it's connected to your router. This means anything with access to your network can have access to over-the-air TV, be it your TV, your phone, your tablet or even a streaming device like Apple TV....

This also means it's possible we'll see mobile devices with built-in tuners, so you can watch live TV while you're out and about, like you can with Netflix and YouTube now. How willing phone companies will be to put tuners in their phones remains to be seen, however. You don't see a lot of phones that can get radio broadcasts now, even though such a thing is easy to implement.

But whatever you think — it's already here. By August NextGen TV was already reaching half of America's population, according to a press release from a U.S. broadcaster's coalition. That press release also bragged that 40% of consumers had actually heard of NextGen TV — "up 25% from last year among those in markets where it is available."
The Almighty Buck

Remittances Grow 5% in 2022, Despite Global Headwinds (worldbank.org) 22

Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5% to $626 billion. This is sharply lower than the 10.2% increase in 2021, according to the latest World Bank Migration and Development Brief. World Bank: Remittances are a vital source of household income for LMICs. They alleviate poverty, improve nutritional outcomes, and are associated with increased birth weight and higher school enrollment rates for children in disadvantaged households. Studies show that remittances help recipient households to build resilience, for example through financing better housing and to cope with the losses in the aftermath of disasters.

Remittance flows to developing regions were shaped by several factors in 2022. A reopening of host economies as the COVID-19 pandemic receded supported migrants' employment and their ability to continue helping their families back home. Rising prices, on the other hand, adversely affected migrants' real incomes. Also influencing the value of remittances is the appreciation of the ruble, which translated into higher value, in U.S. dollar terms, of outward remittances from Russia to Central Asia. In the case of Europe, a weaker euro had the opposite effect of reducing the U.S. dollar valuation of remittance flows to North Africa and elsewhere. In countries that experienced scarcity of foreign exchange and multiple exchange rates, officially recorded remittance flows declined as flows shifted to alternative channels offering better rates.

Security

FTC Accuses Ed Tech Firm Chegg of 'Careless' Data Security (nytimes.com) 20

The Federal Trade Commission on Monday cracked down on Chegg, an education technology firm based in Santa Clara, Calif., saying the company's "careless" approach to cybersecurity had exposed the personal details of tens of millions of users. From a report: In a legal complaint, filed on Monday morning, regulators accused Chegg of numerous data security lapses dating to 2017. Among other problems, the agency said, Chegg had issued root login credentials, essentially an all-access pass to certain databases, to multiple employees and outside contractors. Those credentials enabled many people to look at user account data, which the company kept on Amazon Web Services' online storage system.

As a result, the agency said, a former Chegg contractor was able to use company-issued credentials to steal the names, email addresses and passwords of about 40 million users in 2018. In certain cases, sensitive details on students' religion, sexual orientation, disabilities and parents' income were also taken. Some of the data was later found for sale online. Chegg's popular homework help app is used regularly by millions of high school and college students. To settle the F.T.C.'s charges, the agency said Chegg had agreed to adopt a comprehensive data security program.

The Internet

FCC Chair Proposes Raising Broadband Standard To 100Mbps (engadget.com) 76

Chairwoman Jessica Rosenworcel has proposed raising the minimum definition of broadband to 100Mbps for downloads and 20Mbps for uploads. Engadget reports: The previous 25/3 benchmark is both outdated and hides just how many low-income and rural internet users are being "left behind and left offline," Rosenworcel said. The chair said multiple pieces of evidence supported the hike, including requirements for new network construction stemming from the Infrastructure Investment and Jobs Act. The FCC had already proposed upgrades to rural speeds through a special program, but this would affect the definition of broadband regardless of where users live in the country.

Rosenworcel also wanted the minimum speed to evolve over time. She proposed setting a much higher standard of 1Gbps down and 500Mbps up for some point in the future. The leader further suggested more criteria for determining the "reasonable and timely" rollout of broadband, including adoption rates, affordability, availability and equitable access.

Facebook

How Facebook and Google Actually Fund the Creation of Misinformation (technologyreview.com) 196

MIT's Technology Review shares data from a Facebook-run tool called CrowdTangle. It shows that by 2018 in the nation of Myanmar (population: 53 million), " All the engagement had instead gone to fake news and clickbait websites.

"In a country where Facebook is synonymous with the internet, the low-grade content overwhelmed other information sources." [T]he sheer volume of fake news and clickbait acted like fuel on the flames of already dangerously high ethnic and religious tensions. It shifted public opinion and escalated the conflict, which ultimately led to the death of 10,000 Rohingya, by conservative estimates, and the displacement of 700,000 more. In 2018, a United Nations investigation determined that the violence against the Rohingya constituted a genocide and that Facebook had played a "determining role" in the atrocities. Months later, Facebook admitted it hadn't done enough "to help prevent our platform from being used to foment division and incite offline violence." Over the last few weeks, the revelations from the Facebook Papers, a collection of internal documents provided to Congress and a consortium of news organizations by whistleblower Frances Haugen, have reaffirmed what civil society groups have been saying for years: Facebook's algorithmic amplification of inflammatory content, combined with its failure to prioritize content moderation outside the US and Europe, has fueled the spread of hate speech and misinformation, dangerously destabilizing countries around the world.

But there's a crucial piece missing from the story. Facebook isn't just amplifying misinformation.

The company is also funding it.

An MIT Technology Review investigation, based on expert interviews, data analyses, and documents that were not included in the Facebook Papers, has found that Facebook and Google are paying millions of ad dollars to bankroll clickbait actors, fueling the deterioration of information ecosystems around the world.

Facebook pays them for permission to open their content within Facebook's app (where Facebook controls the advertising) rather than having users clickthrough to the publisher's own web site, reports Technology Review: Early on, Facebook performed little quality control on the types of publishers joining the program. The platform's design also didn't sufficiently penalize users for posting identical content across Facebook pages — in fact, it rewarded the behavior. Posting the same article on multiple pages could as much as double the number of users who clicked on it and generated ad revenue. Clickbait farms around the world seized on this flaw as a strategy — one they still use today... Clickbait actors cropped up in Myanmar overnight. With the right recipe for producing engaging and evocative content, they could generate thousands of U.S. dollars a month in ad revenue, or 10 times the average monthly salary — paid to them directly by Facebook. An internal company document, first reported by MIT Technology Review in October, shows that Facebook was aware of the problem as early as 2019... At one point, as many as 60% of the domains enrolled in Instant Articles were using the spammy writing tactics employed by clickbait farms, the report said...

75% of users who were exposed to clickbait content from farms run in Macedonia and Kosovo had never followed any of the pages. Facebook's content-recommendation system had instead pushed it into their news feeds.

Technology Review notes that Facebook now pays billions of dollars to the publishers in their program. It's a long and detailed article, which ultimately concludes that the problem "is now happening on a global scale." Thousands of clickbait operations have sprung up, primarily in countries where Facebook's payouts provide a larger and steadier source of income than other forms of available work. Some are teams of people while others are individuals, abetted by cheap automated tools that help them create and distribute articles at mass scale...

Google is also culpable. Its AdSense program fueled the Macedonia- and Kosovo-based farms that targeted American audiences in the lead-up to the 2016 presidential election. And it's AdSense that is incentivizing new clickbait actors on YouTube to post outrageous content and viral misinformation.

Reached for comment, a Facebook spokesperson told Technology Review that they'd misunderstood the issue. And the spokesperson also said "we've invested in building new expert-driven and scalable solutions to these complex issues for many years, and will continue doing so."

Google's spokesperson confirmed examples in the article violated their own policies and removed the content, adding "We work hard to protect viewers from clickbait or misleading content across our platforms and have invested heavily in systems that are designed to elevate authoritative information."
IT

Digital Nomad Communities Want to Build the Infrastructure for an Internet Country (thenextweb.com) 61

It's estimated there are 10.9 million digital nomads just in the U.S. — and two digital nomads writing for The Next Web point out they're just part of a larger trend. "As of 2021, there are over 35 million digital nomads

Are they also about to start changing the world? Digital nomads' growing numbers and financial clout have caused dozens of tourist-starved countries to update their travel policies for borderless workers. In Summer 2020, a handful of nations launched visa programs to attract digital nomads, starting with Estonia in June, then Barbados, Bermuda, Costa Rica, Anguilla, Antigua, and later, most of Eastern Europe. Now, 30+ nations offer some form of incentive for traveling remote workers. Sweetheart deals like income tax breaks, subsidized housing, and free multiple entry have become as popular as employee work benefits. The opportunities are so numerous, solutions exist just to help you "amenity shop" the perfect country Airbnb style...

Some ambitious nomads, like activist and author Lauren Razavi, have also started to advocate for their rights as global citizens and the future of borderless work... Remote workers like Lauren (and us) want to completely redefine the role governments play in digital nomads' movement and regulation. How? By laying the foundation for the next generation of travel and work, an internet country called Plumia... Plumia wants to build the alternative using decentralized technologies, while also working with countries and institutions on policies that achieve common goals... Begun in 2020 as an independent project by remote-first travel insurance company, SafetyWing, Plumia's plan is to combine the infrastructure for living anywhere with the functions of a geographic country...

Blockchain enthusiasts are also testing an approach that begs the question: are traditional countries still necessary? Bitnation advocates for decentralizing authority by empowering voluntary participation and peer-to-peer agreements. They've âhosted the world's first blockchain marriage, birth certificate, refugee emergency ID, and more as proof of concept... Currently in development, Plumia is focusing on developing member-focused services and content... Verifying a digital identity, maintaining a 'permanent address' whilst on the move, switching service providers and jurisdictions on the fly, complying with complicated tax and labor laws — these are all thorny issues to solve. Initiatives like Plumia are jumping into quite an active ring, however.

In addition to countries competing to serve and attract digital nomads, a number of well-financed startups such as Jobbatical, Remote, and Oyster are creating private-sector solutions to issues posed by people and companies going remote.

Power

Reducing Poverty Can Actually Lower Energy Demand, Finds Research (arstechnica.com) 196

An anonymous reader shares a report from The Conversation: As people around the world escape poverty, you might expect their energy use to increase. But my research in Nepal, Vietnam, and Zambia found the opposite: lower levels of deprivation were linked to lower levels of energy demand. What is behind this counterintuitive finding? [...] We found that households that do have access to clean fuels, safe water, basic education and adequate food -- that is, those not in extreme poverty -- can use as little as half the energy of the national average in their country. This is important, as it goes directly against the argument that more resources and energy will be needed for people in the global south to escape extreme poverty. The biggest factor is the switch from traditional cooking fuels, like firewood or charcoal, to more efficient (and less polluting) electricity and gas.

In Zambia, Nepal, and Vietnam, modern energy resources are extremely unfairly distributed -- more so than income, general spending, or even spending on leisure. As a consequence, poorer households use more dirty energy than richer households, with ensuing health and gender impacts. Cooking with inefficient fuels consumes a lot of energy, and even more when water needs to be boiled before drinking. But do households with higher incomes and more devices have a better chance of escaping poverty? Some do, but having higher incomes and mobile phones are not either prerequisites or guarantees of having basic needs satisfied. Richer households without access to electricity or sanitation are not spared from having malnourished children or health problems from using charcoal. Ironically, for most households, it is easier to obtain a mobile phone than a clean, nonpolluting fuel for cooking. Therefore, measuring progress via household income leads to an incomplete understanding of poverty and its deprivations.

So what? Are we arguing against the global south using more energy for development? No: instead of focusing on how much energy is used, we are pointing to the importance of collective services (like electricity, indoor sanitation and public transport) for alleviating the multiple deprivations of poverty. In addressing these issues we cannot shy away from asking why so many countries in the global south have such a low capacity to invest in those services. It has to do with the fact that poverty does not just happen: it is created via interlinked systems of wealth extraction such as structural adjustment, or high costs of servicing national debts. Given that climate change is caused by the energy use of a rich minority in the global north but the consequences are borne by the majority in the poorer global south, human development is not only a matter of economic justice but also climate justice. Investing in vital collective services underpins both.

Wireless Networking

Broadband Use Surged More Than 30% During Pandemic (cnet.com) 13

Broadband use surged 30% to 40% during the COVID-19 pandemic in the US, and even reached 60% in some areas, an industry group has concluded. CNET reports: The Broadband Internet Technical Advisory Group released data this week that it gathered from internet service providers, broadband analytics firms, and networking companies that help deliver data. We all consumed more downstream data -- the flow from the internet to the home -- but upstream use grew faster. That's an important consideration given that most cable and DSL services offer much higher downstream capacity. All those videoconferences for work meetings and online schooling likely were involved in the upstream data traffic. "Some networks saw more than 300% increase in the amount of video conferencing traffic from February to October 2020," the report said.

Though the internet itself held up well overall, there are problems. "Rural and low-income households have struggled" with broadband access to online services, the report said, and some households suffered with older equipment that couldn't handle heavy traffic or the increase in networked devices in the home. If you're having problems at home, you should consider an Ethernet cable connection to your network router, upgrading to a mesh network with multiple network access points, upgrading your PC or phone, or paying for a faster internet connection if it's available.

United States

Antitrust Advocate Who Coined the Phrase 'Net Neutrality' Joins Biden's White House (sfgate.com) 70

Tim Wu coined the phrase "net neutrality". He's the author of The Curse of Bigness: Antitrust in the New Gilded Age , and Bloomberg calls him an "outspoken advocate for aggressive antitrust enforcement against U.S. technology giants."

They add that now the Columbia University media law professor "is joining the White House an adviser, signaling that the Biden administration is preparing to square off against the industry's biggest companies." Wu will join the National Economic Council as a special assistant on technology and competition policy, the White House said Friday. Wu's appointment elevates to a senior position in the administration a leading antitrust expert, favored by progressives, who has assailed the power of dominant tech companies like Alphabet Inc.'s Google and Facebook Inc. Both companies were sued by U.S. antitrust enforcers last year for allegedly abusing their monopoly power...

After the Federal Trade Commission and state attorneys general sued Facebook in December, Wu wrote a column in the New York Times comparing Facebook's strategy of buying competitors to Standard Oil's tactics in the 19th century. "What the federal government and states are doing is reasserting a fundamental rule for all American business: You cannot simply buy your way out of competition," Wu wrote. "Facebook, led by its chief executive, Mark Zuckerberg, has taken that strategy to a smirking and egregious extreme, acquiring multiple companies to stifle the competitive threat they pose."

Wu joins the Biden administration as tech giants are grappling with a reckoning in Washington that could transform the industry. The Facebook lawsuit could lead to the breakup of the company, while the Justice Department's complaint against Google targets the heart of its business — Internet search. Antitrust enforcers have also opened investigations of Apple Inc. and Amazon... Wu argued in his book, The Curse of Bigness: Antitrust in the New Gilded Age, that rising concentration across the economy has led to concentrated wealth and power as well as radicalized politics that threatens American democracy.

A White House press briefing Friday included this response to a question about Biden's plans for big tech companies: The President has been clear — on the campaign, and, probably, more recently — that he stands up to the abuse of power, and that includes the abuse of power from big technology companies and their executives. And Tim will help advance the President's agenda, which includes addressing the economic and social challenges posed by the growing power of tech platforms; promoting competition and addressing monopoly and market power issues; expanding access to broadband for low-income and rural communities across the country...

We don't have new policy to announce here... Just that the President believes, as he's talked about before, that it's important to promote competition and address monopoly and market power issues.

Interestingly, last August Wu also wrote an op-ed in the New York Times titled "A TikTok Ban is Overdue," arguing that China's "extensive blocking, censorship and surveillance violate just about every principle of internet openness and decency. China keeps a closed and censorial internet economy at home while its products enjoy full access to open markets abroad..." The asymmetry is unfair and ought no longer be tolerated. The privilege of full internet access — the open internet — should be extended only to companies from countries that respect that openness themselves...

[China] bans not only most foreign competitors to its tech businesses but also foreign sources of news, religious instruction and other information, while using the internet to promote state propaganda and engage in foreign electoral interference... Few foreign companies are allowed to reach Chinese citizens with ideas or services, but the world is fully open to China's online companies...

The idealists who thought the internet would automatically create democracy in China were wrong. Some think that it is a tragic mistake for the United States to violate the principles of internet openness that were pioneered in this country. But there is also such a thing as being a sucker. If China refuses to follow the rules of the open internet, why continue to give it access to internet markets around the world...?

We need to wake up to the game we are playing when it comes to the future of the global internet. The idealists of the 1990s and early '00s believed that building a universal network, a kind of digital cosmopolitanism, would lead to world peace and harmony. No one buys that fantasy any longer. But if we want decency and openness to survive on the internet — surely a more attainable goal — the nations that hold such values need to begin fighting to protect them.

United States

Share of US Workers Holding Multiple Jobs is Rising, New Census Report Shows (reuters.com) 140

The share of Americans working more than one job to make ends meet has been growing over the past two decades, and the pay from second jobs make up a substantial share of workers' earnings, according to a paper published by the U.S. Commerce Department on Wednesday. From a report: An estimated 7.8% of U.S. workers had more than one job as of the first quarter of 2018, up from 6.8% in 1996, according to new data unveiled by the Census bureau, which provides a more detailed analysis of multiple job holders than was previously available. The findings were based on data from 18 states.

The earnings from the workers' second jobs make up an average 28% of their total earnings, showing that workers are likely relying on that pay, researchers said. In general, women were more likely to have multiple jobs than men, with 9.1% of women holding multiple jobs as of 2018, compared with 6.6% of men. They also noted that multiple-job holding occurred at all levels of income, but was more common for low-wage workers. Those juggling more than one occupation earned less, on average, than people who had only one job.

The Almighty Buck

Andrew Yang Proposes a Local Currency, Sees Growing Support for Universal Basic Income (newyorker.com) 196

In March Andrew Yang's nonprofit gave $1,000 one-time grants to a thousand residents in the Bronx. This week a new article in the New Yorker asks one of those grant recipients how they feel about Yang's newest proposal as he runs to be New York's mayor: to give the city's public-housing residents billions of dollars in a "Borough Bucks" currency that would hopefully recirculate in the community: "I was like, you know, am I the only person here that would love to live in a society where we can actually barter our talents and skills, instead of depending on this economy that's not working for us?"

Yang made a similar point when I asked him about the origins of the Borough Bucks proposal. "If you're going to invest resources in a community, your preference is that the resources circulate within the community, particularly if you can serve multiple goals," he said. "They're just imaginative ways for communities to unlock resources."

The article also notes that in an earlier run for the U.S. presidency, "his pitch was that the economy needed to be modernized to account for automation and other technological advances. In his mayoral run, his pitch is that New York City should become the 'anti-poverty' city." But they explored the larger question of whether Yang sees a growing acceptance for universal basic incomes: I asked Yang about the debate, now happening in Congress, about whether Biden should push for fourteen-hundred-dollar stimulus checks in the next bailout package, or two-thousand-dollar checks, or two thousand dollars a month until the economy rebounds. Yang said that he favored the last proposal.

I asked him how he felt about the fact that even as other candidates in the race were attacking him, several — Eric Adams, the former nonprofit executive Dianne Morales, and the City Council member Carlos Menchaca — had expressed interest in the U.B.I. policies he had championed. "I would love to check out their plans," Yang said. "It's an idea whose time has come. I'm certainly very proud to have contributed to the idea's popularity, but anyone who wants to adapt a version of it, like, fantastic."

AI

From a Small Town in North Carolina To Big-City Hospitals, How Software Infuses Racism Into U.S. Health Care (statnews.com) 242

An anonymous reader shares a report: The railroad tracks cut through Weyling White's boyhood backyard like an invisible fence. He would play there on sweltering afternoons, stacking rocks along the rails under the watch of his grandfather, who established a firm rule: Weyling wasn't to cross the right of way into the white part of town. The other side had nicer homes and parks, all the medical offices, and the town's only hospital. As a consequence, White said, his family mostly got by without regular care, relying on home remedies and the healing hands of the Baptist church. "There were no health care resources whatsoever," said White, 34. "You would see tons of worse health outcomes for people on those streets." The hard lines of segregation have faded in Ahoskie, a town of 5,000 people in the northeastern corner of the state. But in health care, a new force is redrawing those barriers: algorithms that blindly soak up and perpetuate historical imbalances in access to medical resources. A STAT investigation found that a common method of using analytics software to target medical services to patients who need them most is infusing racial bias into decision-making about who should receive stepped-up care. While a study published last year documented bias in the use of an algorithm in one health system, STAT found the problems arise from multiple algorithms used in hospitals across the country.

The bias is not intentional, but it reinforces deeply rooted inequities in the American health care system, effectively walling off low-income Black and Hispanic patients from services that less sick white patients routinely receive. These algorithms are running in the background of most Americans' interaction with the health care system. They sift data on patients' medical problems, prior health costs, medication use, lab results, and other information to predict how much their care will cost in the future and inform decisions such as whether they should get extra doctor visits or other support to manage their illnesses at home. The trouble is, these data reflect long-standing racial disparities in access to care, insurance coverage, and use of services, leading the algorithms to systematically overlook the needs of people of color in ways that insurers and providers may fail to recognize.

Facebook

Facebook Will Donate 720,000 Masks and 1.5 Million Gloves to Healthcare Workers (sfchronicle.com) 37

The San Francisco Chronicle reports: Facebook plans to donate 720,000 masks — a combination of the coveted N95 respirators and more basic surgical masks — and 1.5 million pairs of gloves to health care workers around the world. Facebook officials said they bought the masks for their offices' emergency disaster kits following wildfires in California. Facebook has already donated 375,000 masks and 867,000 pairs of gloves to county officials in Alameda, Contra Costa, Marin, San Francisco, San Mateo, Santa Clara and Santa Cruz counties, who are expected to distribute them to hospitals...

Facebook also said it has donated $650,000 worth of food to more than a dozen Bay Area senior centers, schools and other organizations, including Food Runners SF, Peninsula Volunteers Meals on Wheels and the East Palo Alto Senior Center. Meanwhile, the company sent $250,000 to the Sequoia Union High School District in San Mateo County to pay for 2,000 Wi-Fi hotspots and a year of Wi-Fi for low-income students who need to complete their work online during shelter in place but don't have a reliable connection.

The company, which is the dominant employer in its headquarters city but also has large offices in San Francisco, Mountain View and other Bay Area cities, also pledged to give $500,000 to multiple homelessness prevention organizations in the Bay Area — and promised more local support.

The article notes America's scarcity of masks and other gear "became so dire in Washington state that medical workers made 500 masks out of vinyl, tape, foam and elastic purchased at Home Depot."

And it also has an update on how other companies are pitching in around America. "[F]actories that crank out cars and trucks were looking into making much-needed ventilators. Distilleries intended for beer, whiskey and rum transformed to instead turn out hand sanitizers and disinfectants. And an electronics maker that builds display screens was repurposed for surgical masks."
Businesses

Canada's OpenText To Buy Cloud Security Firm Carbonite For $1.42 Billion (venturebeat.com) 15

An anonymous reader quotes a report from VentureBeat: Enterprise information management (EIM) company OpenText is acquiring cloud data backup and protection service Carbonite in a deal worth $1.42 billion. Carbonite, which offers a number of data backup and protection services for consumers and businesses, had become the subject of significant takeover rumors over the past few months after its revenue dropped. CEO Mohamad Ali stepped down in July and was replaced on an interim basis by board chair Steve Munford.

Carbonite's announcement was timed to coincide with its Q3 2019 financials, which revealed a net loss of $14 million, compared to a small net income of $600,000 during the same period last year. Founded in 1991, OpenText is among Canada's biggest software companies, specializing in helping enterprises manage all their content and unstructured data in the cloud or on-premises. The company has made a number of other notable acquisitions in the recent past, including Dell EMC's enterprise content division, which it bought for $1.6 billion in 2017, and file-sharing service Hightail, formerly YouSendIt, which it bought for an undisclosed amount last year. OpenText hasn't offered any specifics around how it will leverage Carbonite's technology post-acquisition. But the latter's focus on backing up and protecting data stored in the cloud makes it easy to imagine the two platforms complementing each other as a growing number of businesses migrate to the cloud.
"Following expressions of interest from multiple parties, the Carbonite board conducted a thorough and comprehensive process, which included contact with a number of strategic and financial parties, to identify the best way to maximize shareholder value," Munford said in a press release. "The board strongly believes that a transaction with OpenText delivers compelling, immediate, and substantial cash value to shareholders."
Businesses

'General Motors, Sears and Toys R Us: Layoffs Across America Highlight Our Shredding Financial Safety Net' (nbcnews.com) 554

New submitter Bruce Henry shares a story: Today's aging workforce faces an uncertain future. The announcement this week that General Motors will lay off 15 percent of its salaried workforce and shutter multiple plants in North America was a sobering reminder of how far the American worker has fallen. Unlike most large private sector corporations today, thousands of employees at GM still enjoy some union benefits. The company has reportedly set aside $2 billion for layoffs and buyouts. It's not much, but it's something -- many workers, if they are laid off en masse, will be far less lucky. Some older Americans are lucky enough to have been grandfathered into generous pension plans and others hope social security and personal savings will be enough to sustain themselves. But for millions of younger people, the outlook is bleaker -- an ever-diminishing social safety net, with retirement dependent almost entirely on how well they manage savings. Two-thirds of millennials have nothing saved for retirement.

The private sector pension as we once knew it is all but dead. Public sector pensions, meanwhile, are under attack at the state level. "Companies don't offer pensions anymore. Social security, when it was established, was meant to be one leg of a stool," says Gerald Friedman, an economist at the University of Massachusetts at Amherst. "One leg would be the private pension through employment, a second leg personal savings, and a third leg social security. Social security is now the only source of income of a lot elderly have." What, if anything, are our politicians doing about this? Progressives rail against President Donald Trump, but real retirement security has not been a big enough part of the conversation on either side of the political spectrum. Millions of Americans are in danger of entering their final decades unable to afford ballooning medical bills and cost-of-living expenses. This is a huge problem, and one that liberals in particular should have capitalized on this election cycle.

The Almighty Buck

Unlike Most Millennials, Norway's Are Rich (bbc.com) 530

An anonymous reader quotes a report from the BBC: Best known for its Viking history, snow sports and jaw-dropping fjords, Norway is making a new name for itself as the only major economy in Europe where young people are getting markedly richer. People in their early thirties in Norway have an average annual disposable household income of around 460,000 kroner (around $56,200). Young Norwegians have enjoyed a 13% rise in disposable household income in real terms compared to Generation X (those born between 1966 and 1980) when they were the same age. These startling figures come from the largest comparative wealth data set in the world, the Luxembourg Income Database, and were analyzed in a recent report on generational incomes for the UK Think Tank The Resolution Foundation.

Compare this with young people in other strong economies: U.S. millennials have experienced a 5% dip, in Germany it's a 9% drop. For those living in southern Europe (the southern Eurozone suffered the brunt of the global economic crisis in 2008), disposable incomes have plunged by as much as 30%. Norway's youth unemployment rate (among 15- to 29-year-olds) is also relatively low at 9.4% compared to an OECD average of 13.9%.
According to the BBC, this can be attributed to the country's rapid economic growth, thanks largely to their huge oil and gas sectors. "After seeing the biggest increase in average earnings of any large high-income economy between 1980 and 2013, it now leads multiple global rankings for wealth and wellbeing."
United States

Petition Calls for Ouster of FCC Chairman Pai (whitehouse.gov) 174

Long-time Slashdot reader speedplane writes: Yes, we've all heard that net neutrality is on its way out, and it seems NPR was able to snag one of the few (the only?) interview's of Ajit Pai on its effect. Sadly, NPR's Rachel Martin stuck to very broad and basic questions, and failed to press Pai on the change of policy. That said, it's worth a listen.
Pai insists that "We saw companies like Facebook, and Amazon and Google become global powerhouses precisely because we had light-touch rules that applied to this Internet. The Internet wasn't broken in 2015 when these heavy-handed regulations were adopted, and once we remove them, I think we'll continue to see the infrastructure investment that will benefit digital consumers and entrepreneurs alike... I've talked to a lot of companies that say, look, we want to be able to invest in these networks, especially in rural and low-income urban areas, but the more heavy-handed the regulations are, the less likely we can build a business case for doing it."

But New York's Attorney General Eric Schneiderman says he's spent six months investigating "a massive scheme to corrupt the FCC's notice and comment process" for net neutrality, adding that "the FCC has refused multiple requests for crucial evidence." (Nine requests over five months were ignored.) And now over 65,000 people have signed a new online petition at WhiteHouse.gov calling for the immediate removal of Ajit Pai as the FCC's chairman, calling him "a threat to our freedoms."

Meanwhile, The Verge has compiled "a list of the lawmakers who voted to betray you," with each listing also including "how much money they received from the telecom industry in their most recent election cycle."

Slashdot Top Deals