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Businesses

What Happens To Summer TV Binges If Hollywood Writers Strike (bloomberg.com) 42

An anonymous reader shares a report: There also should be plenty of new video fare if Hollywood's writers and studios can't agree on a new contract by Monday. The beautiful thing about a contract is everyone knows when it ends. In this case, the Alliance of Motion Picture and Television Producers, which represents some 350 production companies, and the Writers Guild of America, which comprises 12,000 professionals in two chapters, have had three years to prepare for a standoff. In these situations, show makers typically rush to complete a pile of scripts before the deadline. Jerry Nickelsburg, an economist at the University of California at Los Angeles, calls this stockpiling "the inventory effect." This is precisely what happened the last time writers walked off the job, from November 2007 to February 2008. If the writers do, in fact, go through with the strike they approved on Monday, jokes and soaps will be the first things to take a hit. Late-night talk shows and soap operas are to entertainment writers what delis are to hungry New Yorkers -- a daily frenzy of high-volume production. If the sandwich makers don't show up, everybody gets hungry quickly.
Businesses

Apple Wants To Turn Its Music App Into a One-Stop Shop For Pop Culture (bloomberg.com) 25

Jimmy Iovine, one of the heads of Apple Music, has long expressed desires to make Apple Music "an entire pop cultural experience." The company, he has previously said, will do so partly by including original video content into its music app. Now, in an interview with Bloomberg, he added that the company plans to include original shows and videos with high-profile partners such as director J.J. Abrams and rapper R. Kelly. Iovine adds, from the interview: A music service needs to be more than a bunch of songs and a few playlists. I'm trying to help Apple Music be an overall movement in popular culture, everything from unsigned bands to video. We have a lot of plans. We have the freedom, because it's Apple, to make one show, three shows, see what works, see what doesn't work until it feels good. The article also sheds light on Iovine's personality: Iovine fidgets when he talks. As his mind wanders, he takes his jacket off, then puts it back on. He frequently clutches his legs, contorting himself into a ball. He's a font of ideas with industry contacts to help execute every one of them. He turned to Pharrell Williams and Gwen Stefani for help picking the model for Beats headphones. Some ideas get Iovine into trouble. He's taken meetings with artists and made arrangements to release music without telling anyone in advance, frustrating colleagues. He's persuaded artists to release music exclusively with Apple, frustrating record labels.
Businesses

Microsoft Co-founder Pledges $30 Million To House Seattle's Homeless (cnn.com) 73

Paul Allen, a founder of Microsoft has pledged $30 million to house Seattle's homeless. From a report: Seattle Mayor Ed Murray said Wednesday the city was partnering with Paul G. Allen's family foundation to build a facility to house homeless families with children. Allen's foundation will provide $30 million toward the development of the facility, while the city of Seattle has pledged $5 million for its maintenance and operation. It will be owned and operated by Mercy Housing Northwest, a nonprofit housing organization. Seattle is in King County, which has 1,684 families that are homeless, according to the mayor's announcement. More than 3,000 homeless children were enrolled in Seattle's public schools during the 2015-2016 year, it said.
The Almighty Buck

Computer Program Prevents 116-Year-Old Woman From Getting Pension (theguardian.com) 120

Bruce66423 quotes a report from The Guardian: Born at the turn of the past century, Maria Felix is old enough to remember the Mexican Revolution -- but too old to get the bank card needed to collect her monthly 1,200 pesos ($63) welfare payment. Felix turns 117 in July, according to her birth certificate, which local authorities recognize as authentic. She went three months without state support for poor elderly Mexicans after she was turned away from a branch of Citibanamex in the city of Guadalajara for being too old, said Miguel Castro, development secretary for the state of Jalisco. Welfare beneficiaries now need individual bank accounts because of new transparency rules, Castro said. "They told me the limit was 110 years," Felix said with a smile in the plant-filled courtyard of her small house in Guadalajara. In an emailed statement, Citibanamex, a unit of Citigroup Inc, said Felix's age exceeded the "calibration limits" of its system and it was working to get her the bank card as soon as possible. It said it was adjusting its systems to avoid a repeat of the situation.
NASA

NASA Inspector Says Agency Wasted $80 Million On An Inferior Spacesuit (arstechnica.com) 51

An anonymous reader quotes a report from Ars Technica: When NASA began developing a rocket and spacecraft to return humans to the Moon a decade ago as part of the Constellation Program, the space agency started to think about the kinds of spacesuits astronauts would need in deep space and on the lunar surface. After this consideration, NASA awarded a $148 million contract to Oceaneering International, Inc. in 2009 to develop and produce such a spacesuit. However, President Obama canceled the Constellation program just a year later, in early 2010. Later that year, senior officials at the Johnson Space Center recommended canceling the Constellation spacesuit contract because the agency had its own engineers working on a new spacesuit and, well, NASA no longer had a clear need for deep-space spacesuits. However, the Houston officials were overruled by agency leaders at NASA's headquarters in Washington, DC. A new report released Wednesday by NASA Inspector General Paul Martin sharply criticizes this decision. "The continuation of this contract did not serve the best interests of the agency's spacesuit technology development efforts," the report states. In fact, the report found that NASA essentially squandered $80.6 million on the Oceaneering contract before it was finally ended last year.
Security

Hacking Group Is Charging German Companies $275 For 'DDoS Tests' (bleepingcomputer.com) 27

An anonymous reader writes: "A group calling itself XMR Squad has spent all last week launching DDoS attacks against German businesses and then contacting the same companies to inform them they had to pay $275 for 'testing their DDoS protection systems,' reports Bleeping Computer. Attacks were reported against DHL, Hermes, AldiTalk, Freenet, Snipes.com, the State Bureau of Investigation Lower Saxony, and the website of the state of North Rhine-Westphalia. The attack against DHL Germany was particularly effective as it shut down the company's business customer portal and all APIs, prompting eBay Germany to issue an alert regarding possible issues with packages sent via DHL. While the group advertised on Twitter that their location was in Russia, a German reporter who spoke with the group via telephone said "the caller had a slight accent, but spoke perfect German." Following the attention they got in Germany after the attacks, the group had its website and Twitter account taken down. Many mocked the group for failing to extract any payments from their targets. DDoS extortionists have been particularly active in Germany, among any other countries. Previously, groups named Stealth Ravens and Kadyrovtsy have also extorted German companies, using the same tactics perfected by groups like DD4BC and Armada Collective.
The Almighty Buck

Most Millennials Have an Unrealistic View of Their Retirement Prospects, Analysts Say (hsbc.com) 450

From a blog post on research firm HSBC: HSBC calls for millennials to wake up to living and working longer, as research finds only 1 in 10 expects to work past 65. Most millennials have an unrealistic view of their retirement prospects according to a new report from HSBC. The latest report in The Future of Retirement series, Shifting sands, finds that on average millennials expect to retire younger than other working age generations. Millennials expect to retire at 59, two years younger than the working age average of 61. The survey of over 18,000 people in 16 countries finds that only 10 percent of millennials expect to continue working after 65 -- even as their generation faces unprecedented financial pressures and state retirement ages continue to rise around the world. This is despite 59 percent of millennials agreeing they will live much longer and will need to support themselves for longer than previous generations.
The Courts

Mylan's Epic EpiPen Price Hike Wasn't About Greed -- It's Worse, Lawsuit Claims (arstechnica.com) 149

Mylan engaged in a campaign to squash a rival to its EpiPen allergy treatment and artificially inflate the price of the drug to maintain a market monopoly, French drugmaker Sanofi said in a lawsuit. From a report: With the lofty prices and near-monopoly over the market, Mylan could dangle deep discounts to drug suppliers -- with the condition that they turn their backs on Sanofi's Auvi-Q -- the lawsuit alleges. Suppliers wouldn't dare ditch EpiPens, the most popular auto-injector. And with the high prices, the rebates wouldn't put a dent in Mylan's hefty profits, Sanofi speculates. Coupled with a smear campaign and other underhanded practices, Mylan effectively pushed Sanofi out of the US epinephrine auto-injector market, Sanofi alleges. The lawsuit, filed Monday in a federal court in New Jersey, seeks damages under US Antitrust laws.
The Almighty Buck

Suicide of an Uber Engineer: Widow Blames Job Stress (sfchronicle.com) 258

An anonymous reader shares a report: Joseph Thomas thought he had it made when he landed a $170,000 job as a software engineer at Uber's San Francisco headquarters last year. [...] But his time at Uber turned into a personal tragedy, one that will compel the ride-hailing company to answer questions before a judge about its aggressive work culture. Always adept with computers, Joseph Thomas worked his way up the ladder at tech jobs in his native Atlanta, then at LinkedIn in Mountain View, where he was a senior site reliability engineer. He turned down an offer from Apple to go to Uber, because he felt he could grow more with the younger company and was excited about the chance to profit from stock options when it went public. But at Uber, Thomas struggled in a way he'd never experienced in over a decade in technology. He worked long hours. He told his father and his wife that he felt immense pressure and stress at work, and was scared he'd lose his job. [...] One day in late August, Zecole (the wife) came home from dropping their boys off at school. Joseph was sitting in his car in the garage. She got into the passenger seat to talk to him. Then she saw the blood. Joseph had shot himself. [...] Uber declined to comment on the legal dispute and said Thomas never complained to the company of extreme stress or racial discrimination.
Math

Oregon Fines Man For Writing a Complaint Email Stating 'I Am An Engineer' (vice.com) 672

pogopop77 quotes a report from Motherboard: In September 2014, Mats Jarlstrom, an electronics engineer living in Beaverton, Oregon, sent an email to the state's engineering board. The email claimed that yellow traffic lights don't last long enough, which "puts the public at risk." "I would like to present these facts for your review and comments," he wrote. This email resulted not with a meeting, but with a threat from The Oregon State Board of Examiners for Engineering and Land Surveying [stating]: "ORS 672.020(1) prohibits the practice of engineering in Oregon without registration -- at a minimum, your use of the title 'electronics engineer' and the statement 'I'm an engineer' create violations." In January of this year, Jarlstrom was officially fined $500 by the state for the crime of "practicing engineering without being registered." Since the engineering board in Oregon said Jarlstrom should not be free to publish or present his ideas about the fast-turning yellow traffic lights, due to his "practice of engineering in Oregon without registration," he and the Institute for Justice sued them in federal court for violating his First Amendment rights. "I'm not practicing engineering, I'm just using basic mathematics and physics, Newtonian laws of motion, to make calculations and talk about what I found," he said. Sam Gedge, an attorney for the Institute for Justice, told Motherboard: "Mats has a clear First Amendment right to talk about anything from taxes to traffic lights. It's an instance of a licensing board trying to suppress speech."
AT&T

AT&T Brings Fiber To Rich Areas While the Rest Are Stuck On DSL, Study Finds (arstechnica.com) 164

According to a new study from UC Berkeley's Haas Institute for a Fair and Inclusive Society, AT&T has been focused on deploying fiber-to-the-home in the higher-income neighborhoods of California, giving wealthy people access to gigabit internet while others are stuck with DSL internet that doesn't even meet state and federal broadband standards. Ars Technica reports: California households with access to AT&T's fiber service have a median income of $94,208, according to "AT&T's Digital Divide in California," in which the Haas Institute analyzed Federal Communications Commission data from June 2016. The study was funded by the Communications Workers of America, an AT&T workers' union that's been involved in contentious negotiations with the company. By contrast, the median household income is $53,186 in California neighborhoods where AT&T provides only DSL, with download speeds typically ranging from 768kbps to 6Mbps. At the low end, that's less than 1 percent of the gigabit speeds offered by AT&T's fiber service. The median income in areas with U-verse VDSL, which ranges from 12Mbps to 75Mbps, is $67,021. In 4.1 million California households, representing 42.8 percent of AT&T's California service area, AT&T's fastest speeds fell short of the federal broadband definition of 25Mbps downloads and 3Mbps uploads, the report said.
China

Netflix Is Now In China Via a Deal With iQiyi (techcrunch.com) 18

randomErr writes: Last year, Netflix tried to go into China but ran into regulatory issues. So Netflix has entered into a licensing deal with iQiyi. iQiyi was founded in 2010 by Baidu in a very similar way that Google owns YouTube. What Netflix content will be shown and how the subscription service will work has yet to be announced.
Music

Streaming Services Help Global Music Industry To Fastest Growth in Nearly 20 Years (billboard.com) 46

The global music industry grew by 5.9 percent in 2016, its fastest rate of growth since 1997, as revenue generated by streaming services surged 60 percent. From a report: The IFPI's Global Music Report (previously known as the Digital Music Report) states that trade revenue generated by the global recorded music industry climbed by 5.9 percent to $15.7 billion, with digital sales up 17.7 percent across the board. After digital revenue surpassed physical for the first time in 2015, digital hits another milestone in 2016, accounting for 50 percent ($7.8 billion) of all music sales for the first time. More importantly, 2016 marked the second successive year that the recorded music market grew after nearly two decades of continually falling sales during which revenues dropped by almost 40 percent at their lowest point. [...] Breaking down the Global Music Report findings, the mass adoption of streaming services such as Spotify, Amazon and Apple Music in both established and emerging markets is -- as expected -- the main driver behind the industry's sustained upturn.
The Almighty Buck

In Costly Bay Area, Even Six-Figure Salaries Are Considered 'Low Income' (mercurynews.com) 346

An anonymous reader shares an article: In the high-priced Bay Area, even some households that bring in six figures a year can now be considered "low income." That's according to the U.S. Department of Housing and Urban Development, which recently released its 2017 income limits -- a threshold that determines who can qualify for affordable and subsidized housing programs such as Section 8 vouchers. San Francisco and San Mateo counties have the highest limits in the Bay Area -- and among the highest such numbers in the country. A family of four with an income of $105,350 per year is considered "low income." A $65,800 annual income is considered "very low" for a family the same size, and $39,500 is "extremely low." The median income for those areas is $115,300. Other Bay Area counties are not far behind. In Alameda and Contra Costa counties, $80,400 for a family of four is considered low income, while in Santa Clara County, $84,750 is the low-income threshold for a family of four.
Bitcoin

BitTorrent Inventor Bram Cohen Will Start His Own Cryptocurrency (torrentfreak.com) 102

Bram Cohen, the creator of BitTorrent, has showed deep interest in cryptocurrency in the past, and now it looks like he is going to start his own. From a report: Without going into technical details, Cohen believes that Bitcoin is wasteful. He suggests that a cryptocurrency that pins the mining value on storage space rather than processor time will be superior. In an interview with TorrentFreak's Steal This Show, Cohen revealed that his interest in cryptocurrencies is not merely abstract. It will be his core focus in the near future. "My proposal isn't really to do something to BitCoin. It really has to be a new currency," Cohen says. "I'm going to make a cryptocurrency company. That's my plan." By focusing on a storage based solution, BitTorrent's inventor also hopes to address other Bitcoin flaws, such as the 51% attack. "Sometimes people have this misapprehension that Bitcoin is a democracy. No Bitcoin is not a democracy; it's called a 51% attack for a reason. That's not a majority of the vote, that's not how Bitcoin works."
Wikipedia

Wikipedia Founder Jimmy Wales is Launching an Online Publication To Fight Fake News (cnn.com) 182

Jimmy Wales, a founder of Wikipedia, is launching a new online publication which will aim to fight fake news by pairing professional journalists with an army of volunteer community contributors. The news site is called Wikitribune. From a report: "We want to make sure that you read fact-based articles that have a real impact in both local and global events," the publication's website states. The site will publish news stories written by professional journalists. But in a page borrowed from Wikipedia, internet users will be able to propose factual corrections and additions. The changes will be reviewed by volunteer fact checkers. Wikitribune says it will be transparent about its sources. It will post the full transcripts of interviews, as well as video and audio, "to the maximum extent possible." The language used will be "factual and neutral."
Yahoo!

Marissa Mayer Will Make $186 Million on Yahoo's Sale To Verizon (cnbc.com) 156

Vindu Goel, reporting for the NYTimes: Yahoo shareholders will vote June 8 on whether to sell the company's internet businesses to Verizon Communications for $4.48 billion. A yes vote, which is widely expected, would end Marissa Mayer's largely unsuccessful five-year effort to restore the internet pioneer to greatness. But Ms. Mayer, the company's chief executive, will be well compensated for her failure. Her Yahoo stock, stock options and restricted stock units are worth a total of $186 million, based on Monday's stock price of $48.15, according to data filed on Monday in the documents sent to shareholders about the Verizon deal. That compensation, which will be fully vested at the time of the shareholder vote, does not include her salary and bonuses over the past five years, or the value of other stock that Ms. Mayer has already sold. All told, her time at Yahoo will have netted her well over $200 million, according to calculations based on company filings.
The Almighty Buck

How Online Shopping Makes Suckers of Us All (theatlantic.com) 247

Thelasko shares an excerpt from a report via The Atlantic, which describes how price discrimination is used in online shopping and how businesses like Amazon try to extract consumer surplus: Will you pay more for those shoes before 7 p.m.? Would the price tag be different if you lived in the suburbs? Standard prices and simple discounts are giving way to far more exotic strategies, designed to extract every last dollar from the consumer. We live in the age of the variable airfare, the surge-priced ride, the pay-what-you-want Radiohead album, and other novel price developments. But what was this? Some weird computer glitch? More like a deliberate glitch, it seems. "It's most likely a strategy to get more data and test the right price," Guru Hariharan explained, after I had sketched the pattern on a whiteboard. The right price -- the one that will extract the most profit from consumers' wallets -- has become the fixation of a large and growing number of quantitative types, many of them economists who have left academia for Silicon Valley. It's also the preoccupation of Boomerang Commerce, a five-year-old start-up founded by Hariharan, an Amazon alum. He says these sorts of price experiments have become a routine part of finding that right price -- and refinding it, because the right price can change by the day or even by the hour. (Amazon says its price changes are not attempts to gather data on customers' spending habits, but rather to give shoppers the lowest price out there.)
Businesses

Square Said To Acquire Team From Struggling Social App Yik Yak (bloomberg.com) 15

According to Bloomberg, Square has acquired the engineering team of Yik Yak for "less than $3 million." From the report: The payments processor paid less than $3 million for between five and ten of Yik Yak's engineers, according to the person. Atlanta-based Yik Yak's Chief Executive Officer Tyler Droll will not join Square, the person added, asking not to be identified talking about a private matter. Atlanta-based Yik Yak, which started in 2013, created a smartphone app that allowed people to contribute to anonymous chat groups in a narrow geographical radius -- like college campuses.
Network

Slashdot Asks: Which Wireless Carrier Do You Prefer? 205

Earlier this year, telecommunications giants like T-Mobile, AT&T, Verizon and Sprint were battling to see who could release the best unlimited data plan(s). T-Mobile started the domino chain reaction with the launch of its "One" unlimited plan in August. But the competition became especially fierce in February when Verizon introduced unlimited data plans of their own, causing Sprint and AT&T to unveil new unlimited data plans that same week, both of which have their own restrictions and pricing. Each of the four major carriers have since continued to tweak their plans to ultimately undercut their competitors and retain as many customers are possible.

Given how almost everyone has a smartphone these days and the thirst for data has never been higher, we'd like to ask you about your current wireless carrier and plan. Which wireless carrier and plan do you have any why? Is there any one carrier or unlimited data plan that stands out from the others? T-Mobile, for example, recently announced that it added 1.1 million customers in Q1 2017, which means that it has added more than 1 million customers every quarter for the past four years. Have they managed to earn your business? MyRatePlan has a good breakdown of the current unlimited data plans on the market today.

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