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Businesses

Submission + - In Big Buyout, Utility to Limit New Coal Plants

gollum123 writes: "Under a proposed $45 billion buyout by a team of private equity firms, the TXU Corporation, a Texas utility that has long been the bane of environmental groups, will abandon plans to build 8 of 11 coal plants and commit to a broad menu of environmental measures, according to people involved in the negotiations ( http://www.nytimes.com/2007/02/25/business/25coal. html?hp ). The roster of commitments came through an unusual process in which the equity firms asked two prominent environmental groups what measures could be taken to win their support. The result is an about-face from the company's earlier approach to climate-change issues, and includes a goal of returning the carbon-dioxide emissions by TXU to 1990 levels by 2020. Two private equity firms, Kohlberg Kravis Roberts & Company and the Texas Pacific Group, have proposed to buy TXU in what would become the largest leveraged buyout ever. Environmentalists said they hoped that the TXU deal would represent a turning point in the attitude of energy businesses as they adjust to what many anticipate will be a new regulatory and public-relations landscape in an era of climate change."
Google

Submission + - Google aims for desktop plartform with Apps

InfoWorldMike writes: "Ephraim Schwartz takes a bigger pic, day-after look at the Google Apps news this last week, with which it added key business applications — a word processor and spreadsheet — to Google Apps. The company is now offering the kind of support corporate IT would expect: IT management tools, technical support, and service level agreements for uptime. Even all that, however, does not tell the entire story or give the scope of Google's plans, Schwartz writes in his news analysis. In its press announcement and in an interview with a Google executive, Dave Giroud, vice president and general manager of the Enterprise Unit, Google made it clear that it will offer APIs forhttp://weblog.infoworld.com/daily/archives/2007 /02/interview_googl.html business integration, thus creating a business platform not unlike what Salesforce.com offers with AppExchange. An InfoWorld podcast interview with Google's Rajen Sheth, product manager for Apps, also makes it pretty clear. Is this a play on Google's part to go head to head against a player in its own backyard, Salesforce.com and its AppExchange? Despit some roadblocks, sources say Google is buying up a great deal of dark fiber all around the country and at the same time hiring telecommunications engineers and delivering during the past year or two thousands of server blades to what are called Peering Centers, datacenters where networks converge to optimize connectivity."
Space

Iran Launches Payload into Space 698

An anonymous reader writes "BBC is reporting that Iran has launched its first space rocket carrying a payload. Britain's former ambassador to Iran, Sir Richard Dalton, told the BBC that, if confirmed, such a move could destabilise the Middle East: "It is a matter of concern. Iran's potential nuclear military programme, combined with an advanced missile capability, would destabilise the region, and of course if there were a bomb that could be placed on the end of this missile, it would in breach of Iran's obligations under the non-proliferation treaty." From the article: Iranian TV broke the news of the reported test saying :"The first space rocket has been successfully launched into space. It quoted the head of Iran's aerospace research centre, Mohsen Bahrami, as saying that "the rocket was carrying material intended for research created by the ministries of science and defence". In 2005, Iran's Russian-made satellite was put into orbit by a Russian rocket. But shortly afterwards Iranian military officials said they were preparing a satellite launch vehicle of their own and last month, they announced they were ready to test it soon."
It's funny.  Laugh.

Submission + - UK government ministers hacked by impressionist

crush writes: From the social-engineering-101 department: The well-known British impressionist and comedian Rory Bremner pulled off an amazing coup when he managed to get British cabinet ministers Peter Hain and Margaret Beckett to talk to him about highly confidential Labour Party internal matters. Imitating the (inimitable!) gruff scots accent of Gordon Brown (who is the likely succesor to Tony Blair) he was quickly transferred by Downing St. switchboard operators to the private lines of senior cabinet members. Margaret Beckett appears to have divulged 10 minutes of sensitive information to Bremner's tape-recorder. "Security is all about people" is hopefully a message to which this identity-card pushing government will wise up as a result of this exposure. Bremner is going to publish the tapes on the net.
Science

When Were the Americas Populated? 259

evil agent passes along an article in Scientific American reporting that new radiocarbon dating techniques have cast doubt on the accepted story of how the Americas were populated. In the traditional view, "[M]igrants out of northeast Asia slipped into the Americas bearing finely shaped stone projectiles, so-called 'Clovis points,' after the town in New Mexico where they were first uncovered. This Clovis culture rapidly spread throughout the empty continents and by 1,000 years after their arrival had reached the southernmost tip of what is now South America, making them the original ancestors of indigenous Americans." The new dating of Clovis sites suggests that "Clovis" was not a people, but rather a technology. That is, a new and more efficient method of making arrowheads for hunting spread rapidly through a pre-existing population in both North and South America, over at most 350 years.
Space

Submission + - Iran Claims Space Launch

massivefoot writes: Iranian TV claims Iran has launched its first rocket into space. Iran already has a civilian satellite programme but so far it has relied on Russia to put its satellites into orbit. The article contains few details, this appears to be breaking news.
Space

Submission + - Iran Claims Launch of First Space Rocket

chris_bloke writes: "Iranian Students News Agency appears to be claiming that Iran has successfully launched its first space rocket. This claim is being reported in English by Radio Javan and now the Interational Herald Tribune. Sadly the Iranian Space Agency's English Language website is very much under construction and the News link doesn't work (and neither do most of the others)."
Security

A Second Google Desktop Vulnerability 80

zakkie writes "According to InfoWorld, Google's Desktop indexing engine is vulnerable to an exploit (the second such flaw to be found) that could allow crackers to read files or execute code. By exploiting a cross-site scripting vulnerability on google.com, an attacker can grab all the data off a Google Desktop. Google is said to be investigating. A security researcher is quoted: 'The users really have very little ability to protect themselves against these attacks. It's very bad. Even the experts are afraid to click on each other's links anymore.'"
Privacy

Submission + - SWIFT applies for Safe Harbor Protections

KDR_11k writes: The Belgium-based Society for Worldwide Interbank Financial Telecommunication (SWIFT, the system used for all international bank transfers) is now applying for Safe Harbor protections in the US following a dispute with the EU over handing data to US authorities (of course with subpoenas). EU data protection laws don't allow giving peronal information to other entities without the consent of the person the information is about which already caused the dispute over handing passenger data to US authorities. SWIFT hopes that with these Safe Harbor protections they will no longer be forced to give up information they aren't allowed to but Safe Harbor does not apply to banking organizations. Now it depends on whether SWIFT is a banking institution (they claim they aren't) and whether they are a data processor or controller (they claim the former, apparently data protection laws only apply to the latter).

The EU's proposed solution is that SWIFT should abandon its US data center to bring its data out of range of US officials.
Biotech

Merck To Halt Lobbying For Vaccine 544

theodp writes "Reacting to a furor from some parents, advocacy groups, and public health experts, Merck said yesterday that it would stop lobbying state legislatures to require the use of its new cervical cancer vaccine Gardasil, which acts against strains of the sexually-transmitted human papilloma virus. The $400, 3-shot regimen was approved by the FDA in June. Later that month, a federal advisory panel recommended that females 11-26 years old be vaccinated. The governor of Texas has already signed an executive order making its use mandatory for schoolgirls."
The Almighty Buck

IRS May Ask eBay To Snitch On Sellers 418

Makarand writes "The IRS thinks that many sellers on online auction sites are unaware of their obligation to declare their profits and pay their taxes to the IRS. Tax experts are now asking the IRS to require online auction sites like eBay, Yahoo, and Ubid to report the gross sales numbers for their sellers. Such a requirement will surely send a shock wave across the online trading world because it could drastically reduce the profits a seller would make on these sites. The IRS thinks it can collect an extra $2 billion in taxes from this requirement that auctioneers report sellers who complete 100 or transactions a year worth at least $5,000."

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