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Comment Speculation didn't work out (Score 1) 588

All of the "speculators" were expecting the value of oil to go up so they invest and drive prices up. They were wrong about the then future/now current value of the oil, and as that comes to sight prices are driven to the current expectation of oil's future value.

The price of oil reflects the future value of oil.
Microsoft

Microsoft Programming Contest Hacked and Defaced 151

davidmwilliams writes "Microsoft followed their major annual Tech-Ed event in Australia with a week-long programming contest called 'DevSta,' to find 'star developers.' While the quantity and quality of submissions suggest a poor turnout, it certainly caught the attention of at least two hackers who left their mark. Here is the low-down on the contest, what happened, by whom, and screen shots for posterity in case it's been fixed by the time you read this. And unless the volume of submissions increase dramatically within the next few hours, someone may be awarded an Xbox for doing nothing more than rewriting the Windows calculator as a .NET app."
IT

Dealing With an IT Bully 521

jammag writes "'"You are an idiot." That was how I was greeted on an already gloomy, rainy Monday morning.' Eric Spiegel offer his a first-hand account of dealing with a tech world geek-gone-bad and presents some ideas for coping. 'These bullies are quick to aggressively divert blame for any problem back to someone else, because they couldn't possibly be responsible. Some are passive aggressive, where they will subtly lay blame behind your back. Others enjoy getting in your face and being as confrontational as possible.'" What experiences have others had that defied all logic and possibly made you want to start looking for rifles and bell towers?
GNU is Not Unix

3D Self-Replicating Printer to be Released Under GNU License 313

Rob O'Neill writes "A Kiwi open source developer is working on a self-replicating 3D printer, RepRap, to be made available under the GNU license. 'The 3D printer works by building components up in layers of plastic, mainly polylactic acid (PLA), which is a bio-degradable polymer made from lactic acid. The technology already exists, but commercial machines are very expensive. They also can't copy themselves, and they can't be manipulated by users, says Vik Olliver. RepRap has a different idea. The team, which is spread over New Zealand, the UK and the US, develops and gives away the designs for its much cheaper machine, which also has self-copying capabilities. It wants to make the machine available to anybody — including small communities in the developing world, as well as people in the developed world, says Olliver. Accordingly, the RepRap machine is distributed, at no cost, under the GNU (General Public License).'"
Robotics

Homemade Robot Patrols Atlanta Streets 324

Josh Fink brings news of an Atlanta resident who has created a remote control robot to scare off criminals during the night. Rufus Terrill, an engineer, uses it to patrol the streets and encourage drug dealers and other shady characters to move on. Local residents call it his "Robocop." From CNN: "It's a barbecue smoker mounted on a three-wheeled scooter, and armed with an infrared camera, spotlight, loudspeaker and aluminum water cannon that shoots a stream of icy water about 20 feet. Operated by remote control, the robot spotlights trespassers on property down the street from his bar, O'Terrill's. Using a walkie-talkie, Terrill belts out through the robot's loudspeaker, 'That's private property. You guys need to get out of here.'"
Robotics

Killer Military Robot Arms Race Underway? 332

coondoggie writes to tell us NetworkWorld is reporting that one researcher seems to think that a military robot arms race may be imminent between both governments and terrorists. "We are beginning to see the first steps towards an international robot arms race and it may not be long before robots become a standard terrorist weapon to replace the suicide bomber, according to professor Noel Sharkey, from the Royal United Services Institute Department of Computer Science. [...] Currently there is always a human in the loop to decide on the use of lethal force. However, this is set to change with the US giving priority to autonomous weapons - robots that will decide on where, when and who to kill, according to the professor."
Technology

Should Addictive Tech Come With a Health Warning? 329

holy_calamity writes "Academics researching how technology addiction affects businesses and employees say 'habit-forming' gadgets like Blackberries should be dispensed along with warnings about the effect they can have on your life. 'We don't want to be in a situation in a few years similar to that with fast food or tobacco today. We need to pay attention to how people react to potentially habit-forming technologies.'"
IT

Engineers Have a Terrorist Mindset? 837

An anonymous reader writes "Do engineers have a way of looking at the world not all that different from terrorists? According to an article in the EE Times, they do. The story cites 'Engineers of Jihad,' a paper (pdf download) by two Oxford University sociologists, who found that graduates in science, engineering, and medicine are strongly overrepresented among Islamist movements. The paper also found that engineers are 'over-represented' among graduates who gravitate to violent groups. Authors Diego Gambetta and Steffen Hertog chalk this all up to what they call the 'engineering mindset,' which they define as 'a mindset that inclines them to take more extreme conservative and religious positions.' Is this just pop psychology masquerading as science?"
Programming

Apple Crippled Its DTrace Port 476

Linnen writes in to note that one of developers of Sun's open source system tracing tool, DTrace, has discovered that Apple crippled its port of the tool so that software like iTunes could not be traced. From Adam Leventhal's blog: "I let it run for a while, made iTunes do some work, and the result when I stopped the script? Nothing. The expensive DTrace invocation clearly caused iTunes to do a lot more work, but DTrace was giving me no output. Which started me thinking... did they? Surely not. They wouldn't disable DTrace for certain applications. But that's exactly what Apple's done with their DTrace implementation. The notion of true systemic tracing was a bit too egalitarian for their classist sensibilities..."
Google

Google Gives Up IP of Anonymous Blogger 386

An anonymous reader alerts us to a story out of Israel in which Google (its Israeli subsidiary) gave up the IP address of a Blogger user without being compelled to do so by a court. A preliminary ruling was issued in which a court indicated that the slander the blogger was accused of probably rose to the level of a criminal violation. Google Israel then made a deal with the plaintiffs, local city councilmen whom the blogger had been attacking for a year. Google disclosed the IP address only to the court, which posted a message (Google says the anonymous blogger got it) inviting him/her to contest the ruling anonymously. When no response was received within 3 days, Google turned over the IP address to the plaintiffs' lawyers.
The Internet

Submission + - Honeybees prompt faster Internet server technology (networkworld.com) 1

coondoggie writes: "Honeybee intelligence can be used to improve the speed and efficiency of Internet servers by up to 25% according to Georgia Institute of Technology researchers.Honeybees somehow manage to efficiently collect a lot of nectar with limited resources and no central command. Such swarm intelligence of these amazingly organized bees can also be used to improve the efficiency of Internet servers faced with similar challenges. http://www.networkworld.com/community/node/22045"
Privacy

Submission + - Japan to start fingerprinting foreigners again

rabiddeity writes: "If you're planning to visit Japan sometime in the near future, you may want to reconsider. Last year, Japan's parliament passed a measure requiring foreigners to submit their fingerprints when entering the country. The measures, which apply to all foreigners over 16 regardless of visa status, take effect tomorrow. The worst part: the fingerprints are stored in a national database for an "unspecified time", and will be made available to both domestic police and foreign governments."
Security

Submission + - The Evolving Face of Credit Card Scams

An anonymous reader writes: The 12 Angry Men have a follow up to their piece on the evolving cross sell scam credit card companies have begun using. Their new article concerns another evolving scam being employed, where users are racking up huge fees, and charges on cards which have never even been activated. The article goes deep into the standard way the scam plays out, as well as detailing some interesting history on how credit applications are processed, and where they are typically (and frighteningly) subject to tampering.
The Courts

Submission + - FBI Doesn't Tell Courts About Bogus Evidence

dprovine writes: According to a joint investigation by series of articles in The Washington Post and 60 Minutes, a forensic test used by the FBI for decades is known to be invalid. The National Academy of Science issued a report in 2004 that FBI investigators had given "problematic" testimony to juries. The FBI later stopped using "bullet lead analysis", but sent a letter to law enforcement officials saying that they still fully supported the science behind it. Hundreds of criminal defendants — some already convicted in part on the testimony of FBI experts — were not informed about the problems with the evidence used against them in court. Does anyone at the Justice Department even care about what effect this will have on how the public in general (and juries in particular) regards the trustworthiness of FBI testimony?

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