Businesses

Unemployment in the UK is Now So Low It's in Danger of Exposing the Lie Used To Create the Numbers (businessinsider.com) 77

Unemployment in Britain is now just 4.5 percent. There are only 1.49 million unemployed people in the UK, versus 32 million people with jobs. This is almost unheard of. Unemployment was most recently this low in December 1973, when the UK set an unrepeated record of just 3.4 percent. From a report: The problem with this record is that the statistical definition of "unemployment" relies on a fiction that economists tell themselves about the nature of work. As the rate gets lower and lower, it tests that lie. Because -- as anyone who has studied basic economics knows -- the official definition of unemployment disguises the true rate. In reality, about 21.5 percent of all working-age people (defined as ages 16 to 64) are without jobs, or 8.83 million people, according to the Office for National Statistics. That's more than four times the official number. For decades, economists have agreed on an artificial definition of what unemployment means. Their argument is that people who are taking time off, or have given up looking for work, or work at home to look after their family, don't count as part of the workforce.
Businesses

Pittsburgh Gets a Tech Makeover (nytimes.com) 23

An anonymous reader shares a report: In 2015, Monocle magazine, a favorite read of the global hipsterati, published an enthusiastic report on Lawrenceville, the former blue-collar neighborhood here filled with cafes, hyped restaurants and brick rowhouses being renovated by flippers. Last year, in a much-publicized development, Uber began testing self-driving cars on the streets, putting this city at the forefront of the autonomous-vehicle revolution. Also last year, in a less publicized development, Jean Yang, 30, returned to this city after more than a decade of living in Boston, finding a Pittsburgh she hardly recognized from her 1990s childhood. And four months ago, Caesar Wirth, a 28-year-old software engineer, moved from Tokyo to work for a local tech start-up, Duolingo. These seemingly unrelated events have one thing in common: Carnegie Mellon University's School of Computer Science. Much has been made of the "food boom" in Pittsburgh, and the city has long had a thriving arts scene. But perhaps the secret, underlying driver for both the economy and the cool factor -- the reason Pittsburgh now gets mentioned alongside Brooklyn and Portland, Ore., as an urban hot spot for millennials -- isn't chefs or artists but geeks. In a 2014 article in The Pittsburgh Post-Gazette, Mayor Bill Peduto compared Carnegie Mellon, along with the University of Pittsburgh, to the iron ore factories that made this city an industrial power in the 19th century. The schools are the local resource "churning out that talent" from which the city is fueled. Because of the top students and research professors at Carnegie Mellon, tech companies like Apple, Facebook, Google and Uber have opened offices here. The big tech firms, along with their highly skilled, highly paid workers, have made Pittsburgh younger and more international and helped to transform once-derelict neighborhoods like Lawrenceville and East Liberty. Indeed, East Liberty has become something of a tech hub, said Luis von Ahn, the co-founder and chief executive of Duolingo, a language-learning platform company with its headquarters in that neighborhood. Google Pittsburgh, with its more than 500 employees, also has part of its offices in East Liberty, as does AlphaLab, a start-up accelerator.
Programming

How a VC-Funded Company Is Undermining the Open-Source Community (theoutline.com) 68

Adrianne Jeffries, reporting for The Outline: Is a $4 million venture capital-funded startup stealthily taking over popular coding tools and injecting ads and spyware into them? That's what some programmers fear may be happening. It is one of the most troubling scandals to hit the open-source community -- a robust network of programmers who work on shared tools for free -- in recent memory. It started back in April, when a programmer noticed a strange change to an open-source tool called Minimap. Minimap has had more than 3.5 million downloads, but like many open-source tools, it was maintained by a single person who no one knew much about other than their username: @abe33. At some point, @abe33, whose real name is Cedric Nehemie, was hired by Kite. Kite was started by Adam Smith, a successful tech entrepreneur who raised funding from a slew of big names including the CEO of Dropbox and the creator of WordPress. It is unclear what Kite's business model is, but it says it uses machine-learning techniques to make coding tools. Its tools are not open source. After being hired by Kite, @abe33 made an update to Minimap. The update was titled "Implement Kite promotion," and it appeared to look at a user's code and insert links to related pages on Kite's website. Kite called this a useful feature. Programmers said it was not useful and was therefore just an ad for an unrelated service, something many programmers would consider a violation of the open-source spirit. "It's not a feature, it's advertising -- and people don't want it, you want it," wrote user @p-e-w. "The least you can do is own up to that." "I have to wonder if your goal was to upset enough people that you'd generate real attention on various news sites and get Kite a ton of free publicity before your next funding round," @DevOpsJohn wrote. "That's the only sane explanation I can find for suddenly dropping ads into the core of one of the oldest and most useful Atom plugins." [...] Although Kite has no business model yet, it's widely thought in Silicon Valley that having users is the first step toward profitability. Adding users potentially benefits the company in another way, by giving it access to precious data. Kite says it uses machine learning tactics to make the best coding helper tools possible. In order to do that, it needs tons of data to learn from. The more code it can look at, the better its autocomplete suggestions will get, for example.
Businesses

Amazon Report Predicts Pet Translation Devices By 2027 (cbslocal.com) 130

An anonymous reader writes: Devices that can talk to our pet dogs and cats could be less than 10 years away, according to a report Amazon commissioned that was co-authored by futurist William Higham. "Innovative products that succeed are based around genuine and major consumer needs," Higham wrote, noting the tremendous amounts already spent on our pets, and concluding, "Somebody is going to put this together." Amazon already sells one dubious device that converts human voices into meows using samples from 25 cats, according to the Guardian. (One reviewer who tested the device wrote that "the cat seems puzzled.") But Amazon's report also cites the work of Con Slobodchikoff, a professor emeritus in Northern Arizona University's biology department, who spent 30 years studying the behavior of prairie dogs. Slobodchikoff discovered prairie dogs have different words for colors and for species of predators, and is now already raising money to develop a translation device for pets.
Although Slobodchikoff concedes that "With cats I'm not sure what they'd have to say. A lot of times it might just be 'you idiot, just feed me and leave me alone.'"
NASA

Kickstarter Campaign Launched To Save NASA's Mission Control (kickstarter.com) 37

Long-time Slashdot reader yzf750 shares sad news about the facility where NASA conducted the Apollo moon landing in 1969: Mission Control at Johnson Space Center is a wreck and this Kickstarter project is trying to save it. The nearby city of Webster, Texas has promised to match Kickstarter funding up to $400,000. The goal is to raise $250,000 to add to the $3.5 million already budgeted by the city of Webster to restore Mission Control.
Contributors on Kickstarter can receive rewards including models of the Apollo 11 command module, lunch with Apollo flight controllers, VIP tours, or a free download of the documentary Mission Control: the Unsung Heroes of Apollo. The Kickstarter campaign was launched by Space Center Houston, which is also contributing $5 million to preserve what's been called a "cathedral of engineering."

In December the Houston Chronicle noted that though Mission Control is listed in America's National Register of Historic Places, "plans to restore it have been discussed for more than 20 years. But its restoration and preservation remain in limbo, with no set date for work to begin."
Music

Steve Jobs' Life Is Now An Opera (cnn.com) 73

An anonymous reader quotes CNN's report on a new project from Pulitzer Prize-winning librettist Mark Campbell: "The (R)evolution of Steve Jobs" is set to open on Saturday night at the Santa Fe Opera, home to the largest summer-opera festival in U.S. The high-tech production, which runs until August 26, jumps in and out of key moments in the Apple founder's life, from early product-development days alongside Steve Wozniak and the launch of the original iPhone, to his wedding day with Laurene Powell Jobs... The opera features an electronic score, developed by Mason Bates, that incorporates sounds from the products Jobs created, including the audio synonymous with turning on an early Macintosh computer. The libretto, or operatic script, doesn't call out words like Apple or iPhone due to copyright issues; instead, it uses descriptors like "one device" to reference the smartphone. "Only one device, does it all," the libretto reads. "In one hand, all your need. One device. Communication, entertainment, illumination, connection, interaction, navigation, inspiration..."
One scene in the high-tech production shows Jobs standing in his family's garage on his 10th birthday. When his father gives him a workbench, the walls around them light up into video screens...
Businesses

Nolan's Cinematic Vision in 'Dunkirk' is Hollywood's Best Defense Against Netflix (marketwatch.com) 189

There's nothing quite like filming a movie on film, according to the director Christopher Nolan. His new WWII film, Dunkirk, was shot entirely on epic 65mm, as opposed to digital. And it's receiving the widest release of that film format in recent history. But Nolan's views on doing things the way "they're meant to be done," isn't limited to just making a film. He also wants you watch the movie in the theatre, and not on streaming service Netflix, which he says he rarely uses. From a report: "Dunkirk," director Christopher Nolan's big budget war epic, is a filmmaker's film and a movie buff's dream with its wide, high-resolution 70mm format. It's like an expressionist painting, said ComScore media analyst Paul Dergarabedian. The Hollywood Reporter even said "Dunkirk" could launch a 70mm film renaissance. "I would always prefer and really recommend that everyone see it on Imax 70mm," Dergarabedian said. "People talk about 'they don't make movies like that anymore.' Well, this is that movie." Dunkirk, which opens across the U.S. this weekend, is a film that everyone will tell you has to be seen on the big screen. And that has rekindled the debate about the pros and cons of films opening in a theater versus being streamed by Netflix. In an interview with Indiewire ahead of the film's premiere, Nolan criticized Netflix for its "bizarre aversion to supporting theatrical films." Netflix, despite doubling down on its film business and looking to make inroads in the industry, has continued its controversial stance against Hollywood's theatrical window model. To the film industry's dismay, Netflix is still adopting a day and date release model -- dropping a movie on the streaming service the same day it hits theaters. Hollywood relies on the money moviegoers spend at the box office, and the industry is reluctant to give up the exclusive window of time that films are only in theaters, fearing it would cripple that income stream. "Dunkirk" is an impressive $150 million argument on behalf of cinema.
The Almighty Buck

Norway, the Country Where No Salaries Are Secret (bbc.com) 209

In Norway, there are no such secrets. Anyone can find out how much anyone else is paid -- and it rarely causes problems. From a report: In the past, your salary was published in a book. A list of everyone's income, assets and the tax they had paid, could be found on a shelf in the public library. These days, the information is online, just a few keystrokes away. The change happened in 2001, and it had an instant impact. "It became pure entertainment for many," says Tom Staavi, a former economics editor at the national daily, VG. "At one stage you would automatically be told what your Facebook friends had earned, simply by logging on to Facebook. It was getting ridiculous." Transparency is important, Staavi says, partly because Norwegians pay high levels of income tax -- an average of 40.2 percent compared to 33.3 percent in the UK, according to Eurostat, while the EU average is just 30.1 percent. "When you pay that much you have to know that everyone else is doing it, and you have to know that the money goes to something reasonable," he says. "We [need to] have trust and confidence in both the tax system and in the social security system."
Businesses

Verizon Accused of Throttling Netflix and YouTube, Admits To 'Video Optimization' (arstechnica.com) 52

New submitter dgatwood writes: According to an Ars Technica article, Verizon recently began experimenting with throttling of video traffic. The remarkable part of this story is not that a wireless ISP would throttle video traffic, but rather that Verizon's own Go90 video platform is also affected by the throttling. From the article, "Verizon Wireless customers this week noticed that Netflix's speed test tool appears to be capped at 10Mbps, raising fears that the carrier is throttling video streaming on its mobile network. When contacted by Ars this morning, Verizon acknowledged using a new video optimization system but said it is part of a temporary test and that it did not affect the actual quality of video. The video optimization appears to apply both to unlimited and limited mobile plans. But some YouTube users are reporting degraded video, saying that using a VPN service can bypass the Verizon throttling."
If even Verizon can get on board with throttling sans paid prioritization, why is Comcast so scared of the new laws that are about to go into effect banning it?

The Courts

Intel Accuses Qualcomm of Trying To Kill Mobile Chip Competition (cnet.com) 50

Intel has jumped into the fray surrounding the Apple-Qualcomm patent spat by accusing the world's biggest maker of mobile phone chips of trying to use the courts to snuff out competition. From a report: The chip giant made the allegation late Thursday in a public statement (PDF) to US International Trade Commission. The commission had requested the statement as part of its investigation into Qualcomm's accusation that Apple's iPhones of infringe six of Qualcomm's mobile patents. Specifically, Intel said, the case is about quashing competition from Intel, which described itself as "Qualcomm's only remaining competitor" in the market for chips for cellular phones. "Qualcomm did not initiate this investigation to stop the alleged infringement of its patent rights; rather, its complaint is a transparent effort to stave off lawful competition from Qualcomm's only remaining rival," Intel said in its statement. "This twisted use of the Commission's process is just the latest in a long line of anticompetitive strategies that Qualcomm has used to quash incipient and potential competitors and avoid competition on the merits."
Businesses

Google, Apple, Amazon Hit Record Lobbying Highs (axios.com) 84

An anonymous reader shares a report: The last three months brought record-high lobbying spending from four major tech companies: Google spent $5.93 million, Apple spent $2.2 million, Amazon spent $3.21 million, Uber spent $430,000. Facebook spent $2.38 million this quarter, up from the same period last year but far from a record. Microsoft's bill for the quarter was just over $2 million.
Microsoft

For the First Time, Microsoft Got More Revenue From Office 365 Subscriptions Than From Traditional Office Software Licensing (axios.com) 246

Ina Fried, reporting for Axios: Shares of Microsoft hit record territory in after-hours trading on Thursday, topping $75 a share, after the software giant's better-than-expected financial results. As has been the case for the last several quarters, strength in Microsoft's cloud business, including Office 365 and Windows Azure, was the key to the company's growth. Of note, Microsoft CFO Amy Hood told analysts that, for the first time, Microsoft got more revenue from Office 365 subscriptions than from traditional Office software licensing. Why it matters: Microsoft has shown an ability to grow its business even as the PC market has stalled, reflecting moves the company made in the cloud both since Satya Nadella took over as CEO as well as some that were in place before he took over the top spot.
Businesses

FTC Probing Allegations of Amazon's Deceptive Discounting (reuters.com) 102

An anonymous reader quotes a report from Reuters: As part of its review of Amazon's agreement to buy Whole Foods, the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe. The FTC is probing a complaint brought by the advocacy group Consumer Watchdog, which looked at some 1,000 products on Amazon's website in June and found that Amazon put reference prices, or list prices, on about 46 percent of them. An analysis found that in 61 percent of products with reference prices, Amazon's reference prices were higher than it had sold the same product in the previous 90 days, Consumer Watchdog said in a letter to the FTC dated July 6. Amazon said in a statement that Consumer Watchdog's study was "deeply flawed." "The conclusions the Consumer Watchdog group reached are flat out wrong," Amazon said. "We validate the reference prices provided by manufacturers, vendors and sellers against actual prices recently found across Amazon and other retailers."
PlayStation (Games)

Sony Using Copyright Requests To Remove Leaked PS4 SDK From the Web (arstechnica.com) 148

An anonymous reader quotes a report from Ars Technica: Sony appears to be using copyright law in an attempt to remove all traces of a leaked PlayStation 4 Software Development Kit (PS4 SDK) from the Web. That effort also seems to have extended in recent days to the forced removal of the mere discussion of the leak and the posting of a separate open source, homebrew SDK designed to be used on jailbroken systems. The story began a few weeks ago, when word first hit that version 4.5 of the PS4 SDK had been leaked online by a hacker going by the handle Kromemods. These SDKs are usually provided only to authorized PS4 developers inside development kits. The SDKs contain significant documentation that, once made public, can aid hackers in figuring out how to jailbreak consoles, create and install homebrew software, and enable other activities usually prohibited by the hardware maker (as we've seen in the wake of previous leaks of PlayStation 3 SDKs). While you can still find reference to the version 4.5 SDK leak on places like Reddit and MaxConsole, threads discussing and linking to those leaked files on sites like GBATemp and PSXhax, for example, appear to have been removed after the fact. Cached versions of those pages show links (now defunct) to download those leaked files, along with a message from KromeMods to "Please spread this as much as possible since links will be taken down... We will get nowhere if everything keeps private; money isn't everything." KromeMods notes on Twitter that his original tweet posting a link to the leaked files was also hit with a copyright notice from Sony.
Microsoft

Apple, Google and Microsoft Are Hoarding $464 Billion In Cash (cnn.com) 256

Apple, Google and Microsoft are sitting on a mountain of cash -- and most of it is stashed far away from the taxman. Those three tech behemoths held a total of $464 billion in cash at the end of last year, according to a Moody's report published this week. From a report: Apple alone had a stunning quarter-trillion dollars of cash thanks to years of gigantic profits and few major acquisitions. That's enough money to buy Netflix three times. It's also more cash than what's sitting on the balance sheet of every major industry except tech and health care. All told, non-financial U.S. companies studied by Moody's hoarded $1.84 trillion of cash at the end of last year. That's up 11% from 2015 and nearly two and a half times the 2008 level. Roughly $1.3 trillion -- 70% of the total -- is being held overseas, where the money isn't subject to U.S. taxes. Apple, Google owner Alphabet, Microsoft, Cisco, and Oracle hold 88% of their cash overseas. Moody's said the tower of money stashed abroad reflects the "negative tax consequences of permanently repatriating money to the U.S."
Microsoft

Windows 10 Will Cut Off Devices With Older CPUs (pcworld.com) 272

Reader Baron_Yam shares a PCWorld report: No Windows 10 Creators Update for you, Microsoft says -- at least, not if you happen to be the unlucky owner of certain older Atom-based Windows devices, and other aging models in the future. After stories arose of failed attempts to upgrade such hardware to the Creators Update, Microsoft confirmed late Wednesday that any hardware device that falls out of the manufacturer's support cycle may be ineligible for future Windows 10 updates. In the case of the four "Clover Trail" processors (part of the Cloverview platform) that have fallen into Intel's End of Interactive Support phase, they will be ineligible for the Windows 10 Creators Update, Microsoft confirmed. Instead, they'll simply be offered the Windows 10 Anniversary Update, plus security updates through January, 2023, the end of the original Windows 8.1 support period. The problem, however, is that Microsoft's language opens up the possibility that any unsupported hardware device could be excluded from future Windows 10 updates. "Recognizing that a combination of hardware, driver and firmware support is required to have a good Windows 10 experience, we updated our support lifecycle policy to align with the hardware support period for a given device," Microsoft said in a statement. "If a hardware partner stops supporting a given device or one of its key components and stops providing driver updates, firmware updates, or fixes, it may mean that device will not be able to properly run a future Windows 10 feature update." The reader adds, it's not a case of "feature updates are not recommended and may not work", it's a case of "we will block feature updates to your device".
Intel

Intel Has Axed the Group Working on Fitness Trackers and Health Wearables (cnbc.com) 62

Intel has axed the division that worked on health wearables, including fitness trackers, CNBC is reporting citing a source. From the report: The company has been slowly de-emphasizing its own line of wearables for the past several years, and has not mentioned wearables on its earnings calls since 2014. In November, TechCrunch reported that the company was planning to take a step back from the business after its acquisition of the Basis fitness watch didn't pan out as expected. Intel denied at the time that it was stepping back. But a source told CNBC that the chip maker in fact let go about 80 percent of the Basis group in November. Many of the people were given the opportunity to relocate to other parts of the business. About two weeks ago, Intel completely eliminated the group, this person said. The company's New Technologies Group, which looks at cutting-edge business areas, is now focusing on augmented reality, another source told CNBC.
Piracy

Game of Thrones Pirates Being Monitored By HBO, Warnings On The Way (torrentfreak.com) 282

HBO is leaving no stones unturned in keeping Game of Thrones' piracy under control. The company is monitoring various popular torrent swarms and sending thousands of warnings targeted at internet subscribers whose connections are used to share the season 7 premiere of the popular TV series, reports TorrentFreak: Soon after the first episode of the new season appeared online Sunday evening, the company's anti-piracy partner IP Echelon started sending warnings targeted at torrenting pirates. The warnings in question include the IP-addresses of alleged BitTorrent users and ask the associated ISPs to alert their subscribers, in order to prevent further infringements. "We have information leading us to believe that the IP address xx.xxx.xxx.xx was used to download or share Game of Thrones without authorization," the notification begins. "HBO owns the copyright or exclusive rights to Game of Thrones, and the unauthorized download or distribution constitutes copyright infringement. Downloading unauthorized or unknown content is also a security risk for computers, devices, and networks." Under US copyright law, ISPs are not obligated to forward these emails, which are sent as a DMCA notification. However, many do as a courtesy to the affected rightsholders. The warnings are not targeted at a single swarm but cover a wide variety of torrents. TorrentFreak has already seen takedown notices for the following files, but it's likely that many more are being tracked.
Bitcoin

Ethereum Co-Founder Says Cryptocurrencies Are 'a Ticking Time Bomb' (bloomberg.com) 64

randomErr writes from a report via Business Insider (alternate source): Ethereum, the rival to bitcoin, has been on a tear. Its founders said the latest trend in the cryptocurrency space may not be as good for the cryptocurrency as some might think. Ethereum is up 1,700% over the last year, and that spike has occurred in tandem with the growth of the hottest new trend in fundraising: initial coin offerings. Approximately $1.2 billion has been raised by the new cryptocurrency-based capital raising method this year, according to Autonomous Next, a financial technology analytics service. It is a trend that has sparked excitement across Wall Street. But the cofounder of the company behind the cryptocurrency, Charles Hoskinson, told Bloomberg that initial coin offerings may not benefit Ethereum. "People say ICOs are great for ethereum because, look at the price, but it's a ticking time-bomb," said Hoskinson. "There's an over-tokenization of things as companies are issuing tokens when the same tasks can be achieved with existing blockchains. People are blinded by fast and easy money."
Security

Hacker Steals $30 Million Worth of Ethereum From Parity Multi-Sig Wallets (bleepingcomputer.com) 67

An anonymous reader quotes a report from Bleeping Computer: An unknown hacker has used a vulnerability in an Ethereum wallet client to steal over 153,000 Ether, worth over $30 million dollars. The hack was possible due to a flaw in the Parity Ethereum client. The vulnerability allowed the hacker to exfiltrate funds from multi-sig wallets created with Parity clients 1.5 and later. Parity 1.5 was released on January 19, 2017. The attack took place around 19:00-20:00 UTC and was immediately spotted by Parity, a company founded by Gavin Wood, Ethereum's founder. The company issued a security alert on its blog. The Ether stolen from Parity multi-sig accounts was transferred into this Ethereum wallet, currently holding 153,017.021336727 Ether. Because Parity spotted the attack in time, a group named "The White Hat Group" used the same vulnerability to drain the rest of Ether stored in other Parity wallets that have not yet been stolen by the hacker. This money now resides in this Ethereum wallet. According to messages posted on Reddit and in a Gitter chat, The White Hat Group appears to be formed of security researchers and members of the Ethereum Project that have taken it into their own hands to secure funds in vulnerable wallets. Based on a message the group posted online, they plan to return the funds they took. Their wallet currently holds 377,116.819319439311671493 Ether, which is over $76 million.

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