thecarchik writes "Doug Parks, vehicle line executive for the 2011 Chevrolet Volt, GM's range-extended electric vehicle, confirmed Tuesday that the company loses money on every Volt it sells. The expensive 16-kilowatt-hour battery pack, which likely costs GM somewhere between $8,000 and $12,000, is clearly too expensive to let the company build hundreds of thousands of Volts right away. Just 10,000 Volts will be built in 2011, though GM is working to increase that number. GM plans to chip away incrementally to lower the costs of the specialized components in the Volt, especially the power electronics. The price of consumer lithium-ion cells has fallen 6 to 8 percent annually since their 1989 launch; the large-format cells in automotive packs seem likely to follow the same curve and as costs are lowered the Volt may stop being a loss for the company."

adeelarshad82 writes "Verizon's new 4G LTE network is so fast that you can use up your entire 5GB in as little as 32 minutes. The 2010-era speeds are soured by the 2005-era thinking on data plans. Verizon has priced LTE pretty much like 3G to encourage data sipping, not guzzling. As soon as you start using the latest high-bandwidth Internet services, your whole month's allotment can evaporate in no time. According to a test, the network's speed maxed out at 21Mbps, which means that it takes only 32 minutes to smoke up the 5GB monthly data cap on the plan. While the 21Mbps speed was hit on a low traffic network, Verizon estimates you'll be able to get around 8.5Mbps with a loaded network which still means that the cap can be exhausted in about an hour and a half."

Translation Error writes "Two and a half years ago, the Borings sued Google for invading their privacy by driving onto their private driveway and taking pictures of their house to display on Google Street View. Now, the case has finally come to a close with the judge ruling in favor of the Borings and awarding them the princely sum of $1. While the judge found the Borings to be in the right, she awarded them only nominal damages, as the fact that they had already made images of their home available on a real estate site and didn't bother to seal the lawsuit to minimize publicity indicated the Borings neither valued their privacy nor had it been affected in any great way by Google's actions."

Google has announced a "developer preview" of a new search infrastructure, though one wouldn't have to be a developer to try it out. Google is asking for feedback on how the search results in the new regime stack up against the old. Matt Cutts has posted a mini FAQ. Some early testing indicates that the new search may be faster in some cases, and return more relevant results, than the old one. Those who attempt to game Google search for a living will be scrambling henceforth. Has anyone identified the new crawler bot in log files?

An anonymous reader writes "Highly sensitive financial information, including credit card details, bank account numbers, telephone numbers, and even PINs are available to the highest bidder. The information being traded on the Web has been intercepted by a British company and collated into a single database for the first time. The Lucid Intelligence database contains the records of 40 million people worldwide, mostly Americans; four million are Britons. Security experts described the database as the largest of its kind in the world. The database is in the hands of Colin Holder, a retired senior Metropolitan police officer who served on the fraud squad. He has collected the information over the past four years. His sources include law enforcement from around the world, such as British police and the FBI, anti-phishing and hacking campaigners, and members of the public. Mr. Holder said he has invested £160,000 in the venture so far. He plans to offset the cost by charging members of the public for access to his database to check whether their data security has been breached."

selven was one of several readers to send in the news that Bernie Madoff was sentenced to 150 years in prison. "Bernard Madoff's victims gasped and cheered when he was sentenced to 150 years in prison, but they walked away knowing little more about how he carried out the biggest robbery in Wall Street history. In one of the most dramatic courtroom conclusions to a corporate fraud case, the 71-year-old swindler was unemotional as he was berated by distraught investors during the 90-minute proceeding. Many former clients had hoped he would shed more light on his crime and explain why he victimized so many for so long. But he did not. Madoff called his crime 'an error of judgment' and his 'failure,' reiterating previous statements that he alone was responsible for the $65 billion investment fraud. His victims said they did not hear much new from Madoff in his five-minute statement. They also said they did not believe anything he said. As he handed down the maximum penalty allowed, US District Judge Denny Chin... [said], 'I simply do not get the sense that Mr. Madoff has done all that he could or told all that he knows.'"

An anonymous reader points out a column by James Boyle, who knows a thing or two about copyright, analyzing the Obama Administration's policy choices about intellectual property and high tech. "Traditionally, Democratic administrations take their copyright policy direct from Hollywood and the recording industry. Unfortunately, so do Republican administrations. The capture of regulators by the industry they regulate is nothing new, of course, but in intellectual property there is the added benefit that incumbents can frequently squelch competing technologies and business methods before they ever come into existence. ... The Obama administration's warm embrace of Silicon Valley, and Silicon Valley's checkbook, had given some hope that this pattern would change — and I think it will. Now, instead of taking copyright policy direct from the media conglomerates (who, after all, have a very legitimate point of view — even if not the only point of view) it is quite likely that the administration will construct it as a contract between content companies and high-technology companies such as Google. In some places, citizens and consumers will probably benefit, simply because optimizing for the interests of two economic blocs rather than one is likely to give us a slightly more balanced, and less technology-phobic, set of rules. And perhaps the administration will go further. But recent actions make me doubt that this is the case."

I Don't Believe in Imaginary Property writes "The Chinese government has asked Google to disable Google Suggest because it has been suggesting that people search for pornography based on its analysis of the most popular search terms in China. This comes on the heels of a fake CCTV interview being used to support the government requirement that all new computers ship with the 'Green Dam' Internet censoring program, which is still in force, despite reports to the contrary." The story on the chinaSMACK site demonstrates that Chinese search engine Baidu features a comparable search-suggestion function, which similarly recommends adult-themed sites, but that the government has not attacked Baidu over the issue of porn.

Miasik.Net writes "A fully licensed Commodore 64 iPhone emulator has been rejected from the App Store. The excuse Apple used is a clause in the SDK agreement which doesn't allow for applications that run executable code. It seems Sega is exempt from that clause, because some of its games on the iPhone are emulators running original ROM code."

theodp writes "Barack Obama apparently didn't return CmdrTaco's call. BusinessWeek reports that the choices for the first US CTO have narrowed, and it's now a two-horse race between Padmasree Warrior, Cisco's CTO, and Vivek Kundra, who holds the same title for the Government of the District of Columbia. Two very different resumes — which would you advise Obama to pick?" I just know I was #3 on the list.

An anonymous reader writes "In a study conducted by TNO for the Dutch government the economic effects of filesharing are found to be positive. According to the 146 page report (available for download, but in Dutch) filesharing is good for the prosperity of the Dutch: with filesharing more media are available, even though this costs the media industry some profit. One of the most noticeable conclusions is that downloading and buying are not mutually exclusive: downloaders on average buy just as much music as non-downloaders, but they buy more DVDs and games then people who don't download. They also tend to visit more concerts and buy more merchandise."