jones_supa writes: Greece, the country which has been in extreme financial trouble and high debt for years, cannot make debt repayments to the International Monetary Fund (IMF) next month, unless it achieves a deal with creditors. "The four installments for the IMF in June are €1.6 billion ($1.8 billion). This money will not be given and is not there to be given," Interior Minister Nikos Voutsis told Greek Mega TV's weekend show. Shut out of bond markets and with bailout aid locked, cash-strapped Athens has been scraping state coffers to meet debt obligations and to pay wages and pensions. With its future as a member of the 19-nation eurozone potentially at stake, a second government minister accused its international lenders of subjecting it to slow and calculated torture.
TroysBucket writes: One developer who is trying to fund his development work via donations has taken on an "Everyone gets the source code, Donations get you binaries" business model, where he provides installers and binaries directly only to donating users. Anyone seen this work well before with other projects?
busyqth writes: After the injunction against the Galaxy Tab 10.1 earlier in the week, A US district court judge has now also granted an injunction against the sale of Google's flagship ICS phone, the Galaxy Nexus. Is Steve Jobs laughing in the great beyond? Is this the beginning of the end for Android?
Nate the greatest writes: It looks like the little guy is going to win this round. Kobo has just announced that starting next week they'll be taking pre-orders for a Japanese language version of the Kobo Touch. It's going to sell for around $100 USD and yes it will support Japanese. The new Kobo Touch will be getting a firmware update to add support for Epub3, the new ebook format which was only finalized earlier this year. Kobo will be shipping the Kobo Touch in Japan when the local Kobo store opens on 19 July, and that means they may beat Amazon to the punch. The Japanese Kindle has only been hinted at, with Amazon offering to let people sign up to be notified.
paulonline3d writes: "Through the magic of Kickstarter, those dreams of starting your own hologram lab may be coming true, and in full-color. The group behind it is Litiholo, who have had a single-color hologram kit for years using their special "instant hologram" film. If successful, the Kickstarter project will deliver a FULL-COLOR version of the "instant" film, along with holographic lasers in red, green, and blue. No other special equipment is needed. Who doesn't need their own hologram lab?!"
redletterdave writes: "After several years of dominance, Microsoft's Web-based email service, Hotmail, has been unseated by Google's significantly younger webmail service, Gmail. Google announced it had about 350 million monthly active users in January; since then, that number has ballooned to 425 million."
PolygamousRanchKid writes: Netflix (NFLX) warned in its last earnings report that it expects to be unprofitable "for a few quarters" starting at the beginning of 2012. The primary culprit is Netflix's pricey plan to expand its streaming video service into the United Kingdom and Ireland, but a wave of subscribers jumping ship hasn't helped.
The filing also revealed that Netflix is in the process of raising $400 million from investors to help bulk up its cash stash. While that will give Netflix more money to invest in content, secondary offerings are sometimes considered ominous signs. They can signal that expenditures have outpaced expectations and that a company needs to raise more cash.
Netflix, which had $366 million in cash on hand at the end of last quarter, is facing threats from rivals with much deeper pockets. Studios are demanding more money for their valuable content, and the playing field is getting crowded. Meanwhile, Netflix is losing some of those all-important licenses. In September, Starz ended contract renewal negotiations with Netflix and said it will pull its movies and TV shows from Netflix early next year. That loss of content leaves angry customers asking why they're paying more for less.
alphadogg writes: Microsoft will build a Kinect device specifically for use with PCs, as the company prepares to launch a program to support commercial products developed for Kinect and Windows. "Of particular interest to developers will be the new firmware which enables the depth camera to see objects as close as 50 centimeters in front of the device without losing accuracy or precision, with graceful degradation down to 40 centimeters," Craig Eisler, general manager of Kinect for Windows, wrote in a blog post. http://blogs.msdn.com/b/kinectforwindows/archive/2011/11/22/kinect-for-windows-building-the-future.aspx
PolygamousRanchKid writes: In its effort to curb game addiction among adolescents, South Korea pulled the plug this weekend on young gamers after midnight by blocking access to game websites, putting a hotly debated law into practice. The new system called the "shutdown law," also referred to as the "Cinderella law," blocks those under the age of 16 from accessing gaming websites after midnight and has fueled heated anger among younger gamers and avid game fans. Critics point out that many teenagers hold gaming accounts created with their parent's personal information, easily providing them with an alternative log-in option.
"You can say someone is an alcoholic if they drink more than three bottles (of liquor) a day, but you can't call them alcoholic because they drink after midnight. It's the same with gaming," Lee Byung-chan, the lawyer who filed the petition on behalf of parents and a young gamer said."From the parents' point of view, it violates their right to educate their children," Lee added. It is for the parents to decide what time they want to allow their children to play games or not, not for the government to exclude them from that process, the argument goes.
sciencehabit writes: In 2008, the Italian satellite PAMELA picked up an unusual signal: a spike in antimatter particles whizzing through space. The discovery, controversial at the time, hinted that physicists might be coming close to detecting dark matter, an enigmatic substance thought to account for 85% of the matter in the universe. Now, new data from NASA's Fermi Gamma-ray Space Telescope confirm the spike.