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Comment Re:Billionaire. (Score 0) 418

He made billions by luring thousands of unsuspecting investors (including home 'mom and pop' type investors) into buying his overvalued bubble stock

I thought that getting shares from an IPO like the Facebook's one was very difficult for small investors, because the big banks or brokerage firms responsible of the IPO kept the stocks for their big clients. I guess the people who had enough money to be one of those clients had a clue of what they were buying.

Can you elaborate on those "thousands of unsuspecting investors (including home 'mom and pop' type investors)" ?

Comment Re:What's new? (Score 1) 234

I really don't see what's news here.

There is nothing new. This is Apple business model applied here: to take a preexisting concept, add a couple feature to it, wrap it in a white case with round corners and find a "cool" name for it.

Apple is 95% marketing and 5% innovation.

News

Submission + - Taxing junk food: A new public health campaign against obesity (patexia.com) 2

ericjones12398 writes: "Today, many developed and developing countries including European Union nations, Australia, South Africa, Egypt, Turkey, Bangladesh and Vietnam apply excise taxes on unhealthy products. Research has shown that both for tobacco and alcohol, excise taxes are an effective way of reducing consumption. With respect to tobacco, a 10 percent price increase in cigarettes is shown to reduce demand by 4 percent in high-income countries and by 8 percent in low-middle income countries. Taxes imposed on cigarettes have not only prevented people from starting to smoke, but have also reduced rates of relapse for those who recently quit smoking."
Displays

Submission + - MIT Researchers Invent 'Super Glass' (ibtimes.com) 1

redletterdave writes: "On Thursday, researchers at MIT announced a breakthrough in glass-making technology, which basically involves a new way to create surface textures on glass to eliminate all of the drawbacks of glass, including unwanted reflections and glare. The research team wanted to build glass that could be adaptable to any environment: Their "multifunctional" glass is not only crystal clear, but it also causes water droplets to bounce right off its surface, "like tiny rubber balls." The glass is self-cleaning, anti-reflective, and superhydrophobic. The invention has countless applications, including TV screens, as well as smartphone and tablet displays that benefit from the self-cleaning ability of the glass by resisting moisture and contamination by sweat."

Submission + - Google Demonstrates 5s cold-boot using Coreboot at IDF (geek.com)

DeathPenguin writes: "Google recently demonstrated an upcoming Chromebook at IDF which is getting closer to the ever-elusive promise of instant-on functionality. The video demonstrates amazingly fast ~5s cold boot to login prompt time using Coreboot, a fully open-source x86 firmware implementation, without using suspend or hibernate tricks. The Coreboot portion takes roughly 650ms, the remainder is Linux kernel, system services, and X. Additionally, all stages of boot are verified for integrity to prevent malware and rollback attacks.

This follows the check-in of thousands of lines of Intel Sandy Bridge and and Panther Point support code to the Coreboot code repository."

Medicine

Submission + - Scientists Engineer Stem Cells That Can Identify and Destroy HIV (medicaldaily.com)

An anonymous reader writes: Genetically engineered human stem cells have been shown to be capable of suppressing HIV by virus-infected cells in living mice, according to scientists who hope that the recent breakthrough will lead to a cure for HIV patients.
Crime

Submission + - iPhone users sue AT&T for letting thieves re-activate their stolen devices (forbes.com)

An anonymous reader writes: Following on the heels of the FCC and U.S. mobile carriers finally announcing plans to create a national database for stolen phones, a group of iPhone users filed a class action lawsuit against AT&T on Tuesday claiming that it has aided and abetted cell phone thieves by refusing to brick stolen cell phones.

AT&T has “[made] millions of dollars in improper profits, by forcing legitimate customers, such as these Plaintiffs, to buy new cell phones, and buy new cell phone plans, while the criminals who stole the phone are able to simply walk into AT&T stories and ‘re-activate’ the devices, using different, cheap, readily-available ‘SIM’ cards,” states their complaint.

AT&T, of course, says the suit is "meritless."

Submission + - Study Shows Alcohol Buzz Prompts Intuitive Insights (sciencenews.org)

Sez Zero writes: A moderate alcoholic high loosens a person’s focus of attention, making it easier to find connections among remotely related ideas, Andrew Jarosz of the University of Illinois at Chicago and his colleagues propose online January 28 in Consciousness and Cognition.

On average, participants at peak intoxication solved about nine problems correctly, versus approximately six winners for the sober crowd. It took an average of 11.5 seconds for intoxicated men to generate a correct solution, compared with 15.2 seconds for sober men.

Science

Submission + - Magical Thinking Is Good for You 2

Hugh Pickens writes writes: "Natalie Wolchover writes that even the most die-hard skeptics among us believe in magic. Humans can't help it: though we try to be logical, irrational beliefs — many of which we aren't even conscious of — are hardwired in our psyches. "The unavoidable habits of mind that make us think luck and supernatural forces are real, that objects and symbols have power, and that humans have souls and destinies are part of what has made our species so evolutionarily successful," writes Wolchover. "Believing in magic is good for us." For example, what do religion, anthropomorphism, mysticism and the widespread notion that each of us has a destiny to fulfill have in common? According to research by Matthew Hutson, underlying all these forms of magical thinking is the innate sense that everything happens for a reason. And that stems from paranoia, which is a safety mechanism that protects us. "We have a bias to see events as intentional, and to see objects as intentionally designed," says Hutson. "If we don't see any biological agent, like a person or animal, then we might assume that there's some sort of invisible agent: God or the universe in general with a mind of its own." According to anthropologists, the reason we have a bias to assume things are intentional is that typically it's safer to spot another agent in your environment than to miss another agent. "It's better to mistake a boulder for a bear than a bear for a boulder," says Stewart Guthrie. In a recent Gallup poll, three in four Americans admitted to believing in at least one paranormal phenomenon--clairvoyance, haunted houses, witches, etc. and in nearly every country around the world, the percentage of self-described atheists is only in the single digits. "But even for those few of us who claim to be complete skeptics, belief quietly sneaks in. Maybe you feel anxious on Friday the 13th. Maybe the idea of a heart transplant from a convicted killer weirds you out. Or maybe you're convinced that if you wear your sweats to Target you'll run into at least three people you know. If so, on some level you believe in magic.""

Submission + - Whistle Blower in limbo after reporting H-1B Visa fraud at Infosys (nytimes.com)

McGruber writes: The New York Times has the sad story (http://www.nytimes.com/2012/04/13/us/whistle-blower-claiming-visa-fraud-keeps-his-job-but-not-his-work.html?hpw) of Jack B. Palmer, an employee of Infosys, the giant Indian outsourcing firm.

17 months ago, Mr. Palmer made a quiet internal complaint that Infosys was committing visa fraud by bringing "in Indian workers on short-term visitor visas, known as B-1, instead of longer-term temporary visas, known as H-1B, which are more costly and time-consuming to obtain."

Since making his complaint, Mr. Palmer "has been harassed by superiors and co-workers, sidelined with no work assignment, shut out of the company’s computers, denied bonuses and hounded by death threats."

Submission + - Skyrim is Getting Kinect Support, Dragon Shouts Included (techzwn.com)

jjp9999 writes: Bethesda announced they're bringing Kinect support to Skyrim. It doesn't sound like this will include motion detection. Rather, it will be around voice commands—tons of voice commands. It supports dragon shouts, trading, navigation, switching weapons, and a whole lot of other features that usually require you to assign hotkeys or to sort through menus. They also gave a brief hint at new content, stating they've 'been hard at work on creating the first set of game add-ons that will be exclusive to the Xbox 360. This additional content will add new quests, locations, features, and much more to the world of Skyrim.'

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