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Submission Summary: 0 pending, 11 declined, 3 accepted (14 total, 21.43% accepted)

Education

Submission + - Saylor Foundation awards prizes to free college textbooks (saylor.org)

Brad Lucier writes: "The Saylor Foundation has a vision: Free and open materials for a complete undergraduate university education. To that end, they've announced the first winners in their Open Textbook Challenge: Four textbooks were relicensed under a Creative Commons Attribution 3.0 (CC-BY 3.0) Unported license, the most open of the CC licenses, and in return the authors were awarded a prize of $20,000 for each book. See the blog entries and the accompanying press releases for details. The second wave of submissions will be accepted until May 31, 2012."
Businesses

Submission + - Citigroup plans thumbprint ATMs for India's poor

Brad Lucier writes: "The Financial Times (through MSN Money) reports that "Citigroup is rolling out a network of biometric automatic cash machines aimed at illiterate Indian slum dwellers. ... The machines will recognise account holders' thumbprints, eliminating the need for a personal identification number, and will have colour-coded screen instructions and voiceovers to help guide them through transactions." Citigroup recognizes that it can make money bringing banking to more people; from the article:
"Though India's population exceeds 1bn, Citigroup estimates that there are only about 300m bank accounts in the country. ... "It's not a philanthropic exercise," [PS Jayakumar, a Citigroup business manager in India] said. "For it to be sustainable, we should break even and make a little bit of money."
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