Bitcoin

Bitcoin Surges 10% To All-Time High Above $2,700, Has Now Doubled in May (cnbc.com) 5

An anonymous reader writes: In another intraday jump of more than $200, bitcoin surged to a record Thursday on strong Asian demand overnight. Bitcoin jumped more than 10 percent to an all-time high of $2,752.07, more than twice its April 30 price of $1,347.96 according to CoinDesk. The digital currency last traded near $2,726. At Thursday's record, Bitcoin has now gained more than 45 percent since last Thursday and more than 180 percent for the year so far. "There is no question that we are in the middle of a price frenzy," said Brian Kelly of BKCM, in a note to clients Thursday. "There will be a correction and it could be severe, but it's unclear if that correction will start from current prices of $2700 or from some place much higher."
Earth

8 In 10 People Now See Climate Change As a 'Catastrophic Risk,' Says Survey (trust.org) 169

An anonymous reader quotes a report from the Thomas Reuters Foundation: Nearly nine in 10 people say they are ready to make changes to their standard of living if it would prevent future climate catastrophe, a survey on global threats found Wednesday. The survey of more than 8,000 people in eight countries -- the United States, China, India, Britain, Australia, Brazil, South Africa and Germany -- found that 84 percent of people now consider climate change a "global catastrophic risk." That puts worry about climate change only slightly behind fears about large-scale environmental damage and the threat of politically motivated violence escalating into war, according to the Global Challenges Foundation, which commissioned the Global Catastrophic Risks 2017 report. The survey, released in advance of this week's G7 summit of advanced economies in Italy, also found that 85 percent of people think the United Nations needs reforms to be better equipped to address global threats. About 70 percent of those surveyed said they think it may be time to create a new global organization -- with power to enforce its decisions -- specifically designed to deal with a wide range of global risks. Nearly 60 percent said they would be prepared to have their country give up some level of sovereignty to make that happen.
Space

Boeing Will Make the Military's New Hypersonic Spaceplane (theverge.com) 49

The Department of Defense has selected Boeing to make a new hypersonic spaceplane that can be reused frequently over a short period of time to deliver multiple satellites into orbit. "DARPA, the agency that tests new advanced technologies for the military, has picked Boeing's design concept, called the Phantom Express, to move forward as part of the agency's Experimental Spaceplane (XS-1) program," reports The Verge. From the report: The goal of DARPA's XS-1 program is to create a spacecraft that's something of a hybrid between an airplane and a traditional vertical rocket. The spaceplane is meant to take off vertically and fly uncrewed to high altitudes above Earth. From there, the vehicle will release a mini-rocket -- a booster with an engine that can propel a satellite weighing up to 3,000 pounds into orbit. As the booster deploys the satellite, the spaceplane will then land back on Earth horizontally just like a normal airplane -- and then be fueled up for its next mission. DARPA wants the turnaround time between flights to last just a few hours. But perhaps the most audacious goal is the price DARPA wants for each flight. The agency is aiming for the spaceplane to cost $5 million per mission, a significant bargain considering most orbital rockets cost tens to hundreds of millions of dollars to launch. And Boeing says it's up to the task. "Phantom Express is designed to disrupt and transform the satellite launch process as we know it today, creating a new, on-demand space-launch capability that can be achieved more affordably and with less risk," Darryl Davis, president of Boeing Phantom Works, said in a statement.
The Internet

Manchester Attack Could Lead To Internet Crackdown (independent.co.uk) 273

New submitter boundary writes: The UK government looks to be about to put the most egregious parts of the Investigative Powers Act into force "soon after the election" (which is in a couple of weeks) in the wake of the recent bombing in Manchester. "Technical Capability Orders" require tech companies to break their own security. I wonder who'll comply? The Independent reports: "Government will ask parliament to allow the use of those powers if Theresa May is re-elected, senior ministers told The Sun. 'We will do this as soon as we can after the election, as long as we get back in,' The Sun said it was told by a government minister. 'The level of threat clearly proves there is no more time to waste now. The social media companies have been laughing in our faces for too long.'"
Facebook

Facebook Signs BuzzFeed, Vox, Others For Original Video Shows (reuters.com) 15

Facebook has signed deals with Vox Media, BuzzFeed, ATTN, Group Nine Media and others to make shows for its upcoming video service, which will feature long and short-form content with ad breaks. The social media company is reportedly set to pay up to $250,000 for the longer, scripted shows. Reuters reports: Facebook is planning two tiers of video entertainment: scripted shows with episodes lasting 20 to 30 minutes, which it will own; and shorter scripted and unscripted shows with episodes lasting about 5 to 10 minutes, which Facebook will not own, according to the sources. For the second tier of shorter shows, Facebook will pay $10,000 to $35,000 for each show and give creators 55 percent of revenue from ads, the sources said. Ads will run during both the long-form and short-form shows.
Robotics

Consumers Trust Robots For Surgery Over Savings, Research Finds (bloomberg.com) 54

An anonymous reader shares an article: Andy Maguire faces a challenge: tasked with upgrading HSBC's digital-banking systems, he has discovered that customers are twice as likely to trust a robot for heart surgery than for picking a savings account. "I do find it slightly odd," said the chief operating officer of Europe's largest bank, referring to its survey of more than 12,000 consumers in 11 countries published this week. Just 7 percent of respondents would trust a robot with their savings, versus the 14 percent willing to submit to a machine for heart surgery. "You think, gosh, one would've imagined the world had moved on further or was moving faster than that," Maguire said in an interview. While consumers tend naturally to trust medical professionals, the "bar is pretty high" for banks dealing with people's money, he said. Banks around the world are spending billions of dollars to bolster creaking computer systems in a push to ward off startup competitors and cut long-term operating expenses. But consumers and regulators are holding them to ever-higher standards of security and convenience, driving the cost of overhauls higher and potentially eroding any savings.
Education

Airbnb Is Running Its Own Internal University To Teach Data Science (techcrunch.com) 31

In an effort to fill the demand for trained data scientists, Airbnb will be running its own university-style program, complete with a custom course-numbering system. Since traditional online programs like Coursera and Udacity weren't getting the job done because they weren't tailored to Airbnb's internal data and tools, the company "decided to design a bunch of courses of its own around three levels of instruction for different employee needs," reports TechCrunch. From the report: 100-level classes on data-informed decision making have been designed to be applicable to all teams, including human resources and business development. Middle-tier classes on SQL and Superset have enabled some non-technical employees to take on roles as project managers, and more intensive courses on Python and machine learning have helped engineers brush up on necessary skills for projects. Since launching the program in Q3 2016, Airbnb has seen the weekly active users of its internal data science tools rise from 30 to 45 percent. A total of 500 Airbnb employees have taken at least one class -- and Airbnb has yet to expand the program to all 22 of its offices.
Social Networks

Imzy, the Kinder and Gentler Reddit By Ex Employee, Is Shutting Down (imzy.com) 183

Imzy, a social media site led by ex-Reddit employee Dan McComas, announced on Wednesday that it will be closing its doors next month. The site was launched last year with much fanfare. Imzy sought to offer a community that didn't have trolls, one of the reasons that led McComas to leave Reddit two years ago. Ever since its launch, Imzy struggled to gain traction. According to web analytics firm SimilarWeb, the website was visited less than 400,000 times last month. McComas didn't elaborate why his service was shutting down, though he wrote: Some of you have been here since our launch into beta and some are brand new. We've loved getting to know all of you and seeing you build communities and make new friends. Unfortunately, we were not able to find our place in the market. We still feel that the internet deserves better and hope that we see more teams take on this challenge in the future.
IT

JSON Feed Announced As Alternative To RSS (jsonfeed.org) 188

Reader Anubis IV writes: With Slashdot recently asking whether we still use RSS, it may come as a surprise that something interesting has happened in the world of news feeds this week. JSON Feed was launched as an alternative to RSS and Atom, eschewing the XML they rely on -- which is frequently malformed and difficult to parse -- in favor of a human readable JSON format that reflects the decades of combined experience its authors have in the field. The JSON Feed spec is a simple read that lays out a number of pragmatic benefits the format has over RSS and Atom, such as eliminating duplicate entries, adding the ability to paginate feeds so that old entries remain available, and reducing the need for clients to scrape sites to find images and other resources. Given that it's authored by the developers behind one of the earliest, popular RSS clients and a recently Kickstarted blogging platform, the format is intended to address the common pain points currently faced by developers when producing and parsing feeds.

While it remains to be seen whether JSON Feed will escape the chicken-and-egg stage of adoption, several clients have already added support for the fledging format in the week since its announcement, including Feedbin, Inoreader, and NewsBlur.

Businesses

US International Tourism Market Share Is Falling Under Trump (buzzfeed.com) 385

An anonymous reader writes: The United States' slice of the international tourism pie is declining, according to a new report from Foursquare that looks at data from millions of phones worldwide. The US share of international tourism dropped 16% in March 2017 compared with the previous year. And it declined an average of 11% year over year in months spanning October 2016 to March 2017, according to the report. The drop coincides with the final month of the US election, the Trump transition, and the early months of the Trump administration, which notably imposed a travel ban on people from several majority-Muslim countries in January 2017 that was eventually halted in court but is currently under appeal. Declines in tourism market share from people originating in the Middle East were more pronounced than the rest of the world, down 25% this January, along with a smaller decrease from South America, Foursquare found. The data accounts for the percentage of international tourism coming to the US and not the absolute number of tourists, but Foursquare CEO Jeff Glueck told BuzzFeed News that it's unlikely tourist visits to the US increased while share declined. "I don't think you'd see a 16% decline in international market share and absolute numbers being up. I don't think that's compatible," he said. "The volume of tourism doesn't change that fast."
Books

Amazon Brings Its Physical Bookstore To New York (usatoday.com) 34

Amazon's first New York City bookstore, Amazon Books, will open to the general public on Thursday morning, marking Amazon's highest-profile move into bricks-and-mortar retail to date. Even as the book shop is a physical bookstore, some "Amazon" elements can be felt. From a report: While some may be excited that this is an "Amazon Store," similar to Apple and Microsoft's respective flagship stores located just blocks away, Amazon says its goal for the new store is the same as it was when the online retail giant first started two decades ago: To sell books. "We have this 20 years of information about books and ratings, and we have millions and millions of customers who are passionate," said Jennifer Cast, vice president of Amazon Books. "It really is a different way to surface great books." The 4,000 square-foot-store features roughly 3,000 books, all with their covers facing out in order to better to "communicate their own essence," Cast says. The company's recommendation system makes a physical appearance in the bookstore through an "if you like this" section, which combines the data Amazon gathers on the books listed with human curators to recommend new books. To someone who walks in to browse, it feels like a high-tech Barnes and Noble.
Security

Malicious Subtitles Threaten VLC, Kodi and Popcorn Time Users, Researchers Warn (torrentfreak.com) 118

Millions of people risk having their devices and systems compromised by malicious subtitles, according to a new research published by security firm Check Point. The threat comes from a previously undocumented vulnerability which affects users of popular streaming software, including Kodi, Popcorn-Time, and VLC. Developers of the applications have already applied fixes and in some cases, working on it. From a report: While most subtitle makers do no harm, it appears that those with malicious intent can exploit these popular streaming applications to penetrate the devices and systems of these users. Researchers from Check Point, who uncovered the problem, describe the subtitle 'attack vector' as the most widespread, easily accessed and zero-resistance vulnerability that has been reported in recent years. "By conducting attacks through subtitles, hackers can take complete control over any device running them. From this point on, the attacker can do whatever he wants with the victim's machine, whether it is a PC, a smart TV, or a mobile device," they write.
Security

Wikimedia Is Clear To Sue the NSA Over Its Use of Warrantless Surveillance Tools (engadget.com) 57

The Wikimedia Foundation has the right to sue the National Security Agency over its use of warrantless surveillance tools, a federal appeals court ruled. "A district judge shot down Wikimedia's case in 2015, saying the group hadn't proved the NSA was actually illegally spying on its communications," reports Engadget. "In this case, proof was a tall order, considering information about the targeted surveillance system, Upstream, remains classified." From the report: The appeals court today ruled Wikimedia presented sufficient evidence that the NSA was in fact monitoring its communications, even if inadvertently. The Upstream system regularly tracks the physical backbone of the internet -- the cables and routers that actually transmit our emoji. With the help of telecom providers, the NSA then intercepts specific messages that contain "selectors," email addresses or other contact information for international targets under U.S. surveillance. "To put it simply, Wikimedia has plausibly alleged that its communications travel all of the roads that a communication can take, and that the NSA seizes all of the communications along at least one of those roads," the appeals court writes. "Thus, at least at this stage of the litigation, Wikimedia has standing to sue for a violation of the Fourth Amendment. And, because Wikimedia has self-censored its speech and sometimes forgone electronic communications in response to Upstream surveillance, it also has standing to sue for a violation of the First Amendment."
Security

DEFCON Conference To Target Voting Machines (politico.com) 105

An anonymous reader quotes a report from Politico: Hackers will target American voting machines -- as a public service, to prove how vulnerable they are. When over 25,000 of them descend on Caesar's Palace in Las Vegas at the end of July for DEFCON, the world's largest hacking conference, organizers are planning to have waiting what they call "a village" of different opportunities to test how easily voting machines can be manipulated. Some will let people go after the network software remotely, some will be broken apart to let people dig into the hardware, and some will be set up to see how a prepared hacker could fiddle with individual machines on site in a polling place through a combination of physical and virtual attacks. With all the attention on Russia's apparent attempts to meddle in American elections -- former President Barack Obama and aides have made many accusations toward Moscow, but insisted that there's no evidence of actual vote tampering -- voting machines were an obvious next target, said DEFCON founder Jeff Moss.
Businesses

Renewable Energy Powers Jobs For Almost 10 Million People (bloomberg.com) 120

According to the International Renewable Energy Agency's (IRENA) annual report, the renewable energy industry employed 9.8 million people last year, which is up 1.1 percent from 2015. The strongest growth was seen in the solar photovoltaic category with 3.09 million jobs. Bloomberg reports: Here are some of the highlights from the report: Global renewables employment has climbed every year since 2012, with solar photovoltaic becoming the largest segment by total jobs in 2016. Solar photovoltaic employed 3.09 million people, followed by liquid biofuels at 1.7 million. The wind industry had 1.2 million employees, a 7 percent increase from 2015. Employment in renewables, excluding large hydro power, increased 2.8 percent last year to 8.3 million people, with China, Brazil, the U.S., India, Japan and Germany the leading job markets. Asian countries accounted for 62 percent of total jobs in 2016 compared with 50 percent in 2013. Renewables jobs could total 24 million in 2030, as more countries take steps to combat climate change, IRENA said.
Education

Researchers Find Dozens of Genes Associated With Measures of Intelligence (arstechnica.com) 228

An anonymous reader quotes a report from Ars Technica: We don't know a lot about the biological basis of our mental abilities -- we can't even consistently agree on how best to test them -- but a few things seem clear. One is that performance on a number of standardized tests that purport to measure intelligence tends to correlate with outcomes we'd associate with intelligence, like educational achievement. A second is that this performance seems to have a large genetic component. But initial studies clearly indicated that the effect of any individual gene on intelligence is small. As a result, the first genetics studies found very little, since you needed to look at a large number of people in order to see these small effects. Now, a new study has combined much of the previous work and has turned up 40 new genetic regions associated with intelligence test scores. But again, the effect of any individual gene is pretty minor. The team behind the new work took advantage of open data to pull together information from 13 different studies, which cumulatively looked through the genomes of over 78,000 individuals. While those individuals had been given a variety of tests, the authors focused on measures of general intelligence or fluid intelligence (the two seem to measure similar things). The genomes of these individuals had been scanned for single base pair differences, allowing the authors to look for correlations between regions of the genome and test scores. Two separate analyses were done. The first simply looked at each base difference individually. That turned up 336 individual bases, which clustered into 22 different genes. Half of these had not been associated with intelligence previously. To provide a separate validation of these results, the authors did a similar analysis with educational achievement. They found that nearly all of the sites they identified also correlated with that. In a second analysis, the authors tracked base differences that cluster in a single gene. Since there are more markers for each gene, this tends to be a more sensitive way of looking for effects. And in fact, it produced 47 genes associated with the intelligence test scores. Seventeen of those had been identified in the earlier analysis, which brought the total genes identified to 52, only 12 of which had been previously associated with intelligence test scores.
Advertising

Google Following Your Offline Credit Card Spending To Tell Advertisers If Their Ads Work (consumerist.com) 143

One of the new tools Google has announced for its advertisers today promises to tie your offline credit card data together with all your online viewing to tell advertisers exactly what's working as they try to target you and your wallet. Consumerist reports: That return, for decades, was hard to measure in all but the most vaguely correlative of ways. Did people buy your product after seeing your TV ad? After seeing your billboard? On a whim after seeing neither? Who knows! But in the age of highly targeted, algorithmic advertising, the landscape is completely different. The apps on your phone know what you looked at and when, and can tie that in to what you see on other devices you're also logged into their services on (like your work computer). Meanwhile, you're leaving tracks out in the physical world -- not only the location history of your phone, but also the trail of payments you leave behind you if you pay with a credit card, debit card, or app (as millions of us do). Google also introduced some offline measurements to its online tool suite back in 2014, when it started using phone location data to try to match store visit location data to digital ad views. But a store doesn't make any money when you simply walk into it; you need to buy something. So Google's tracking that very granularly now, too. "In the coming months, we'll be rolling out store sales measurement at the device and campaign levels. This will allow you to measure in-store revenue in addition to the store visits delivered by your Search and Shopping ads," Google explains to advertisers. That's very literally a collection of spending data matched to the people who spent it, matched in turn to people who saw ads.
The Almighty Buck

Uber Plans Millions In Back Pay After Shorting NYC Drivers (bloomberg.com) 32

An anonymous reader quotes a report from Bloomberg: Uber Technologies Inc. said it underpaid its New York City drivers by improperly calculating the company's share of passenger fares, and will pay out an average of $900 per driver in restitution, costing tens of millions of dollars. The back pay could run at least $45 million, based on the approximately 50,000 drivers the Independent Drivers Guild says work in New York City. The ride-hailing company has previously misled drivers about how much they could make and miscalculated fares. In this case, Uber was taking its cut of fares based on the pretax sum, instead of after taxes and fees as stated in its terms of service. The issue was also raised in a lawsuit against San Francisco-based Uber filed by the New York Taxi Workers Alliance. In March, Uber acknowledged that it had underestimated drivers' pay in Philadelphia by millions of dollars. "We are committed to paying every driver every penny they are owed -- plus interest -- as quickly as possible," Rachel Holt, Uber's head of U.S. operations, said in a statement. "We are working hard to regain driver trust, and that means being transparent, sticking to our word, and making the Uber experience better from end to end."
Republicans

President Trump's Budget Includes a $2 Trillion Math Error (time.com) 345

An anonymous reader quotes a report from TIME: President Trump's budget includes a simple accounting error that adds up to a $2 trillion oversight. Under the proposed budget released Tuesday, the Trump Administration's proposed tax cuts would boost economic growth enough to pay for $1.3 trillion in spending by 2027. But the tax cuts are also supposed to be revenue-neutral, meaning that trillion dollars is already supposed to pay for the money lost from the tax cuts. Former Treasury Secretary Lawrence Summers called the oversight an "elementary double count" and "a logical error of the kind that would justify failing a student in an introductory economics course" in an op-ed in the Washington Post.
Sony

'Sony Needs a Fresh Hit' (bloomberg.com) 118

Even as Sony's CEO Kazuo Hirai has done a remarkable job over the past five years -- taking bold decisions on the areas the company should be focusing on, and cutting efforts on those that aren't working -- his company desperately needs a fresh hit to boost its revenue and to become relevant in the mind of most, writes columnist Tim Culpan for Bloomberg. An except from his article: According to a company statement Tuesday for investors' day, the key will be to "remain the 'last one inch' that delivers a sense of 'wow' to customers," expand recurring revenue, and pursue new businesses.Those three strategies are closely linked. With TV sales in decline, its Vaio PC business spun off, and its smartphones barely a blip on the radar, Sony's last inch is heavily dependent on the PlayStation. Sony's Game & Network Services business has grown at both the top and bottom lines over the past five years, but the games console business is stuck in time. [...] Sony needs to build a device that will be far more ubiquitous and can appeal to consumers beyond the current male-skewed slowly aging hard-core gamer base. Amazon and Alphabet, with Echo and Home, are two such examples, and Apple will probably follow suit. With its background in audio, video, sensors and entertainment, Sony has all the right parts to make it happen. For the company that invented the Walkman, dreaming up another hit shouldn't be so hard.

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