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Comment Re:Where is the dispute? (Score 1) 76

Sadly, this is not a new thing. I saw something similar last year. My company received a privacy agreement from a school board. The majority of the document was completely reasonable and did a great job ensuring student data was protected up until the last clause in the agreement. It required that we, as a private company, could not boycott Israel. I had to do a double take. Here was a student records privacy agreement and they had bolted on a completely unrelated policy statement to it. It was amazing.
The Almighty Buck

When Having the US Debt Paid Off Was a Problem 633

Posted by timothy from the problem-I'd-take dept.
Hugh Pickens writes "NPR reports that not so long ago, the prospect of a debt-free U.S. was seen as a real possibility with the potential to upset the global financial system. As recently as 2000, the U.S. was running a budget surplus, taking in more than it was spending every year — and economists were projecting that the entire national debt could be paid off by 2012. So the government commissioned a secret report outlining the possible harmful consequences of retiring the debt completely. For one thing, paying off the national debt would mean the end of Treasury bonds, a pillar of the global economy. Treasury securities are crucially important to the world financial system in a number of ways: banks buy them as low-risk assets, the Fed uses them for executing monetary policy, and mortgage interest rates vary based on Treasury rates. 'It was a huge issue ... for not just the U.S. economy, but the global economy,' says Diane Lim Rogers, an economist in the Clinton administration. In the end, Jason Seligman, the economist who wrote most of the report titled 'Life After Debt (PDF),' concluded it was a good idea to pay down the debt — but not to pay it off entirely. 'There's such a thing as too much debt,' says Seligman. 'But also such a thing, perhaps, as too little.'"
Government

United States Loses S&P AAA Credit Rating 1239

Posted by timothy from the don't-worry-the-next-19-generations-won't-mind dept.
oxide7 writes with this excerpt from the International Business Times: "The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy. S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about the government's budget deficits and rising debt burden. The move is likely to raise borrowing costs eventually for the American government, companies and consumers."
Security

Is Your Antivirus Made By the Chinese Government? 196

Posted by samzenpus from the great-security-wall dept.
guanxi writes "Huawei, a large Chinese telecom and IT company with close ties to the Chinese military has faced obstacles doing business in other countries, because governments are concerned about giving them access to critical infrastructure. Huawei Symantec is a joint venture with one of the world's largest IT security companies which sells security products in the US. Would the Chinese or other governments take the opportunity to create back doors into western IT networks? Wouldn't they be crazy not to?"
Space

China Space Official Confounded By SpaceX Price 276

Posted by samzenpus from the discount-space-travel dept.
hackingbear writes "Declining to speak for attribution, the Chinese officials from Great Wall Industry, a marketing arm of China Aerospace Science and Technology Corp. (CAST), say they find the published prices on the SpaceX website very low for the services offered, and concede they could not match them with the Long March series of launch vehicles even if it were possible for them to launch satellites with U.S. components in them. According to the SpaceX website, launch on a Falcon 9 — which has an advertised lift capacity of 10,450 kg. (23,000 lb.) — from Cape Canaveral costs $54 million — $59.5 million. If the SpaceX price is real and its quality is proven, both are big IFs, it is remarkable to see that US can beat China in term of price. Between August 1996 and August 2009, the Chinese rockets have achieved 75 consecutive successful launches were conducted, ending with a partial failure in the launch of Palapa-D on August 31, 2009. If we all learn from SpaceX, maybe soon China will outsource from the US."
Censorship

Egypt Coming Back On the 'net 137

Posted by CmdrTaco from the welcome-back-to-the-future dept.
An anonymous reader wrote in with the good news that after 5 days of blackout, "Egypt is coming back on-line. Some sites that didn't used to be available and are now back include two telcos: Vodafone Egypt and Etisalat Egypt. Guess that we can't have those IPv4 addresses back after all then."
Businesses

Submission + - Cell Phone Industry's Six Biggest Failed Schemes

Submitted by adeelarshad82
adeelarshad82 writes: The tech world is for dreamers, schemers, and sometimes, scammers. Which is why it's no surprise that the cell phone industry isn't any different. In wake of the recent news about the Israeli mobile-phone firm Modu shutting its doors, mobile analyst Sascha Segan revisits six major failures in the cell phone industry, from using phones to create a peer-to-peer that would eliminate the need for wireless carriers to a company with a $225,000 phone.
Businesses

IT Workers Cushioned From US Economic Downturn 357

Posted by timothy from the employment-tends-to-be-binary-though dept.
DontLickJesus writes "According to the AP, technology has been the least hardest hit by the U.S.'s recent economic downturn. Quote: '"Overall technology employment is up in America and the wages associated with it are up," said John McCarthy, a vice president with Forrester Research.' The article goes on to say that companies realize the worth of their [IT] staff. This paired along with a recent article regarding the value of data centers when selling a company leads one to believe that the business world, while historically not fond of IT workers, is showing its true opinion of the sector."
Spam

Judge Rules That I Own Slashdot 386

Posted by CmdrTaco from the now-wait-a-minute dept.
Bennett Haselton wrote in with this weeks amusing and shocking story of high finance, judicial discretion, and oh so much more... he writes "People still ask me if I make enough money suing spammers in Small Claims court to make it worthwhile. I say: What about the entertainment value? Recently I received an e-mail with the subject line: 'Reminder: Link exchange with your site http://slashdot.org' Finally, I thought, someone else who agrees that I'm carrying the site's entire success on my shoulders. I even hurried off to check the registration of the slashdot.org domain to see if they had made the transfer official in honor of my contributions, but apparently the domain is still being squatted by some outfit calling itself "SourceForge"." I'm shocked that a legitimate businessman would make such an error. Read on to see what Bennett does about it.
The Internet

Do Tiny URL Services Weaken Net Architecture? 270

Posted by CmdrTaco from the huge-gigantic-massive-insignificant-concerns dept.
Indus Khaitan writes "Thanks to twitter, SMS, and mobile web, a lot of people are using the url minimizers like tinyurl.com, urltea.com. However, now I see a lot of people using it on their regular webpages. This could be a big problem if billions of different links are unreachable at a given time. What if a service starts sending a pop-up ad along with the redirect. What if the masked target links to a page with an exploit instead of linking to the new photos of Jessica Alba. Are services like tinyurl, urltea etc. taking the WWW towards a single point of failure? Is it a huge step backward? Or I'm just crying wolf here?"
Encryption

Loophole in Windows Random Number Generator 305

Posted by CmdrTaco from the heads-i-win-tails-you-lose dept.
Invisible Pink Unicorn writes "A security loophole in the pseudo-random number generator used by Windows was recently detailed in a paper presented by researchers at the University of Haifa. The team found a way to decipher how the number generator works, and thus compute previous and future encryption keys used by the computer, and eavesdrop on private communication. Their conclusion is that Microsoft needs to improve the way it encodes information. They recommend that Microsoft publish the code of their random number generators as well as of other elements of the Windows security system to enable computer security experts outside Microsoft to evaluate their effectiveness. Although they only checked Windows 2000, they assume that XP and Vista use similar random number generators and may also be vulnerable. The full text of the paper is available in PDF format."
Space

Crater From 1908 Tunguska Blast Found 192

Posted by kdawson from the fire-came-by dept.
MaineCoasts writes "A team of scientists from the Marine Science Institute in Bologna claims to have found the crater left by the aerial blast of a comet or asteroid in 1908 in the Tunguska region of Siberia. The blast flattened 770 square miles (2,000 square kilometers) of forest, but to date no remains or crater have been found. This has left open the question of what kind of object made the impact. The team believes that, contrary to previous studies, nearby Lake Cheko is only one century old and 'If the body was an asteroid, a surviving fragment may be buried beneath the lake. If it was a comet, its chemical signature should be found in the deepest layers of sediments.' The team's findings are based on a 1999 expedition to Tunguska and appeared in the August issue of the journal Terra Nova."

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