An anonymous reader shared this report from the Wall Street Journal: The rich get richer — and older. People with high salaries and net worth tend to live longer lives, research shows. Once Americans make it to their late 50s, the wealthiest 10% live to a median age of around 86 years, roughly 14 years longer than the least wealthy 10%, according to a study published earlier this year in JAMA Internal Medicine. People with more money can afford healthier food, more healthcare and homes in safer, less-polluted neighborhoods, says Kathryn Himmelstein, a co-author of the study and a medical director at the Boston Public Health Commission.

Though you can't add more months or years to your online shopping cart yet, health and aging researchers say there are ways to spend money to improve your chances of living longer. They suggest favoring purchases that help you track your health, stay active and reduce stress. "We know the things that help us age better, and everyone's always disappointed when you tell them," says Andrew Scott, director of economics at the Ellison Institute of Technology in Oxford, England. "Eat less and eat better, sleep more, exercise more and spend time with friends...." But certain gadgets and luxuries can be worth the cost, some researchers say. Devices such as the Apple Watch and Oura Ring can instill healthy habits and catch worrying patterns that might emerge between annual checkups, says Joe Coughlin, the director of the MIT AgeLab... Coughlin says he once went to the emergency room because his Apple Watch detected a spike in his heart rate that he hadn't noticed himself.

"For the superwealthy, suddenly living longer and living better has become the new prestige," Coughlin says. Higher incomes correlate with longer lives, but there are diminishing returns. Each successive jump in pay is linked to smaller boosts in longevity, a 2016 study from the research group Opportunity Insights found... A key to the relationship between income and longevity is that money doesn't just buy stuff that helps you live longer. It also buys time and reduces stress. "If you've got a nice place to live and you don't have to worry about food on the table, you have the mental head space and resources to prioritize your health," says Steven Woolf, a professor at Virginia Commonwealth University School of Medicine... Moreover, many lower-income jobs are more physically taxing and more prone to workplace accidents and exposure to harmful substances.
The article also includes examples of spending that promotes health, including things like home gym equipment and even swing-dancing lessons.

But it also adds that "plenty of things that are good for you don't come with a bill, such as going on a walk or minimizing screen time before bedtime."

An anonymous reader shared this report from the Washington Post: Archer is aiming to launch its first commercially operated [and electrically-powered] flights with a pilot and passengers within a year in Abu Dhabi. A competitor, Joby Aviation, says it is aiming to launch passenger service in Dubai as soon as late 2025. Advancements in batteries and other technologies required for the futuristic tilt-rotor craft are moving so fast that they could soon move beyond the novelty stage and into broader commercial use in a matter of years. Both companies are laying plans to operate at the 2028 Olympics in Los Angeles...

Scaling the industry from a novelty ride for the wealthy to a broadly available commuter option will take billions more in start-up money, executives said, including building out a network of takeoff and landing areas (called vertiports) and charging stations. Some high-profile ventures have already faltered. A plan for air taxis to transport spectators around the Paris Olympics fizzled... Still, investors, including big names like Stellantis and Toyota, have poured money into Silicon Valley companies like Archer and Joby. Boeing and Airbus are developing their own versions. All are betting that quieter, greener and battery-powered aircraft can revolutionize the way people travel. Major U.S. airlines including American, Delta, Southwest and United also are building relationships and planting seeds for deals with air taxi companies.
Two interesting quotes from the article:

• "It feels like the modern-day American Dream, where you can invent a technology and actually bring it to market even [if it's] as crazy as what some people call flying cars."
  
  — Adam Goldstein, CEO of Archer Aviation.

• "They have created these amazing new aircraft that really 10 or 15 years ago would've been unimaginable. I think there's something innately attractive about being able to leapfrog all of your terrestrial obstacles. Who hasn't wished that if you live in the suburbs that, you know, something could drop into your cul-de-sac and 15 minutes later you're at the office."
  
  — Roger Connor, curator of the vertical flight collection at the Smithsonian's National Air and Space Museum.

A 9-year-old girl born without a left hand had "started asking for a robotic arm to help her feel more confident," her mother told the Washington Post. So her parents met with a consultant from Open Bionics, which fits people with lightweight, 3D-printed prostheses that function more like a natural arm and hand — known as Hero Arms. The bionic arms are manufactured in Britain and cost about $24,000, but the Batemans were hopeful that their health insurance company, Select Health, would pay for one for [their 9-year-old daughter] Remi. Remi said she tried using one of the robotic arms for a few days in Colorado and was thrilled to cut her food with a knife and fork for the first time and carry plates with two hands. "I loved it so much — I could function like a full human," she said. "I was able to steal my dad's hat. When they fit me for my arm, I told them I wanted it to be pink."

On Oct. 1, the Batemans sent a prescription for the robotic arm and office notes from Remi's pediatrician to Select Health for approval. One week later, their request was denied, Jami Bateman said. "They sent us a letter saying it was not medically necessary for Remi to have a Hero Arm and that it was for cosmetic use only," she said. "We appealed twice and were again denied."

"It was very upsetting, and Remi cried when I told her, because we'd all been so hopeful," Bateman added. "It broke our hearts." In mid-December, a frustrated Jami Bateman tried an approach she'd seen other people use when their health insurance failed them: She started a GoFundMe for her daughter, hoping to purchase a robotic arm through the kindness of strangers.... Bateman was stunned when friends and strangers chipped in more than $30,000 in just a few days, surpassing the family's $24,000 goal. People who donated understood the Batemans' predicament, and many were furious on their behalf.

As donations poured in, the Batemans received a call from somebody else who wanted to help. Andy Schoonover is the CEO of CrowdHealth, a subscriber-based resource that helps people negotiate lower costs for medical bills. He told the family on Dec. 16 that his company wanted to pay the entire cost of Remi's bionic arm. "We were looking for some ways to help people during the holiday season, and I stumbled upon Remi's story on social media," Schoonover said. "We were honored to help her out...."

Remi quickly came up with an idea. "She came to me and said, 'Mom, I know how it feels to have one hand. Is there someone else we can help?" Bateman recalled. She said she contacted Open Bionics and learned there was a long list of children who had been turned down for Hero Arms by their health insurance companies for the same reason Remi was denied...
Somewhere in Maryland, the mother of a 9-year-old boy born without a left hand suddenly got a surprise phone call explaining Remi's decision. "I was so proud of Remi that I immediately started crying," she said. "She wanted to give my son an opportunity that I was unable to give him. It just touched my heart."

They had been trying to raise money by running a lemonade stand. But yesterday Remi's GoFundMe page posted an update. The 9-year-old boy's arm had now been paid for.

"And maybe, if more donations roll in we can help a third child!"

Thursday New York's governor signed new legislation "to hold polluters responsible for the damage done to our environment" by establishing a Climate Superfund that's paid for by big fossil-fuel companies.

The money will be used for "climate change adaptation," according to New York state senator Liz Krueger, who notes that the legislation follows "the polluter-pays model" used in America's already-existing federal and state superfund laws. Spread out over 25 years, the legislation collects an average of $3 billion each year — or $75 billion — "from the parties most responsible for causing the climate crisis — big oil and gas companies."

"The Climate Change Superfund Act is now law, and New York has fired a shot that will be heard round the world: the companies most responsible for the climate crisis will be held accountable," said Senator Krueger. "Too often over the last decade, courts have dismissed lawsuits against the oil and gas industry by saying that the issue of climate culpability should be decided by legislatures. Well, the Legislature of the State of New York — the 10th largest economy in the world — has accepted the invitation, and I hope we have made ourselves very clear: the planet's largest climate polluters bear a unique responsibility for creating the climate crisis, and they must pay their fair share to help regular New Yorkers deal with the consequences.

"And there's no question that those consequences are here, and they are serious," Krueger continued. "Repairing from and preparing for extreme weather caused by climate change will cost more than half a trillion dollars statewide by 2050. That's over $65,000 per household, and that's on top of the disruption, injury, and death that the climate crisis is causing in every corner of our state. The Climate Change Superfund Act is a critical piece of affordability legislation that will deliver billions of dollars every year to ease the burden on regular New Yorkers...."

Starting in the 1970s, scientists working for Exxon made "remarkably accurate projections of just how much burning fossil fuels would warm the planet." Yet for years, "the oil giant publicly cast doubt on climate science, and cautioned against any drastic move away from burning fossil fuels, the main driver of climate change."
"The oil giant Saudi Aramco of Saudi Arabia could be slapped with the largest annual assessment of any company — $640 million a year — for emitting 31,269 million tons of greenhouse gases from 2000 to 2020," notes the New York Post.

And "The law will also standardize the number of emissions tied to the fuel produced by companies," reports the Times Union newspaper. "[F]or every 1 million pounds of coal, for example, the program assigns over 942 metric tons of carbon dioxide. For every 1 million barrels of crude oil, an entity is considered to have produced 432,180 metric tons of carbon dioxide." Among the infrastructure programs the superfund program aims to pay for: coastal wetlands restoration, energy efficient cooling systems in buildings, including schools and new housing developments, and stormwater drainage upgrades.
New York is now the second U.S. state with a "climate Superfund" law, according to Bloomberg Law, with New York following the lead of Vermont. "Maryland, Massachusetts, and California are also considering climate Superfund laws to manage mounting infrastructure costs." The American Petroleum Institute, which represents about 600 members of the industry, condemned the law. "This type of legislation represents nothing more than a punitive new fee on American energy, and we are evaluating our options moving forward," an API spokesperson said in an emailed statement... The bills — modeled after the federal Comprehensive Environmental Response, Compensation, and Liability Act, known as Superfund — would almost certainly spur swift litigation from fossil fuel companies upon enactment, legal educators say.

Valerie Warner is 71 years old — and owes $268,000 in student loans.

Roughly 40 years ago she went to law school, but was only able to find work as a legal aid and later work in the public school system, which the Washington Post calls "a rewarding job but one that didn't pay enough to wipe out her loans." Later she earned a masters of education degree: All told, Warner borrowed a total of about $60,000 for her two advanced degrees. The amount seemed reasonable given the career trajectory that both credentials promised, but that path never materialized. Working a series of low-wage jobs, she went in and out of forbearance before ultimately defaulting. The balance ballooned to the current $268,000 total over the years due to collection fees and interest capitalization.
And she's not the only one in debt. "On a dreary December afternoon, a group of senior citizens stood in the rain outside the Education Department pleading for relief from a debt that many fear will burden them for the rest of their lives..." Some sat in rocking chairs, cross-stitching their debt number in a pattern. Others held signs that read, "Time is running out, sunset our debt." Or wore T-shirts saying, "Debt relief before we die...."

[A]ctivists are urging the U.S. Education Department to discharge the student debt of older borrowers who they say are in no position to repay. They say the department could use a little-known federal statute that considers a person's ability to pay within a reasonable time and the inability of the government to collect the debt in full. There are 2.8 million federal student loan borrowers aged 62 and older with a total of $121.5 billion in debt, more than 726,300 of them over the age of 71, according to the Education Department. Older borrowers are one of the fastest-growing segments of the government's student loan portfolio, and their Social Security benefits are subject to garnishment...

The Education Department would only acknowledge receiving a memo from the Debt Collective, the group organizing the campaign, outlining the agency's authority to cancel the debt of older borrowers. The activist organization said it has been meeting with members of Congress, White House committees and Education Department officials about the matter since September. "Many of these folks have been borrowers for 20 or 30 years, with punishingly high interest rates. Their balances and the way they have dragged on for decades is just an indictment of the broken system and the failure of past relief efforts," said Eleni Schirmer, an organizer with the Debt Collective... According to the think tank New America, the number of Americans approaching retirement age with student loan debt has skyrocketed over 500 percent in the last two decades. Some have loans they took out to finance their college educations, while others took out federal Parent Plus loans or co-signed private loans for their children.
The article points out that the U.S. government will garnish up to 15 percent of the Social Security income to recoup student loan debt, even if it means leaving recipients below the poverty line.

But it also includes this quote from Adam Minsky, an attorney who specializes in student debt, about the prospects for federal action that survives challenges in the U.S. court system. "[A]s a practical matter, I don't think that judges and courts that have been hostile to mass debt relief would treat this differently from other programs that have been blocked or struck down."

An anonymous reader quotes a report from TechCrunch: Lyft is suing the city of San Francisco, claiming the city unfairly charged the ride-hailing company over $100 million in taxes, Bloomberg reports. The lawsuit alleges that, over the course of five years, San Francisco unfairly labeled money earned by Lyft drivers as company revenue. In the complaint, Lyft maintains that its drivers are its customers, not employees. "Accordingly, Lyft recognizes revenue from rideshare as being comprised of fees paid to Lyft by drivers, not charges paid by riders to drivers," the complaint reads.

jjslash shares a report from TechSpot: A Valve employee recently provided PC Gamer with a rough calculation of the company's per-employee income, revealing that Valve generates more money per person than several of the world's largest companies. While the data is a few years old and doesn't account for some significant recent trends in the tech sector, Valve's ranking in this metric likely hasn't shifted much over that time. Exact figures for Valve's per-hour and per-employee net income remain redacted. However, a chart from 2018 confirms that Valve's per-employee income exceeded that of companies like Facebook, Apple, Netflix, Alphabet/Google, Microsoft, Intel, and Amazon. Facebook ranks second with a high revenue per employee of $780,400 annually, or $89 per hour, surpassing competitors like Apple and Microsoft due to its relatively smaller workforce of under 70,000. Amazon, by contrast, with over 1.5 million employees, earns significantly less per employee at $15,892 annually, or $1.81 per hour.

Further reading: Valve Runs Its Massive PC Gaming Ecosystem With Only About 350 Employees

The implementation of the Corporate Transparency Act -- a law aimed at getting shell companies to disclose their true ownership -- was paused again just days before a reporting deadline was set to take effect, as a federal appeals court handed the case to a panel for further consideration. From a report: In a court filing late Thursday, the Fifth Circuit Court of Appeals vacated a stay on a national injunction the court had issued Monday that reinstated the Jan. 1 reporting deadline for millions of companies. The lifting of the stay means the January filing deadline will be postponed once again and bars the government and the Treasury Department from enforcing the law, pending oral arguments before the court's so-called merits panel, a group of judges tasked with considering appeals.

The Corporate Transparency Act, a bipartisan law passed in 2021 to curtail the use of anonymous shell companies and help track flows of illicit money, would require companies to file beneficial ownership information with the Treasury's Financial Crimes Enforcement Network or face the possibility of penalties such as fines and jail time. The law could cover more than 32 million small businesses nationwide.

theodp writes: In 2012, now-Microsoft President Brad Smith unveiled Microsoft's National Talent Strategy, a two-pronged strategy that called for tech visa restrictions to be loosened to allow tech companies to hire non-U.S. citizens to fill jobs until more American schoolchildren could be made tech-savvy enough to pass hiring standards. Shortly thereafter, tech-backed nonprofit Code.org emerged (led by Smith's next-door neighbor Hadi Partovi with Smith as a founding Board member) with a mission to ensure that U.S. schoolchildren started receiving 'rigorous' computer science education instruction. Around the same time, Mark Zuckerberg's FWD.us PAC launched (with support from Smith, Partovi, and other tech leaders) with a mission to reform tech visa policy to meet tech's need for talent.

Fast forward to 2024, and Newsweek reports the debate over tech immigration policy has been revived, spurred by the recent appointment of Sriram Krishnan as senior policy adviser for AI at the Trump White House. Comments by far-right political activist Laura Loomer on Twitter about Krishnan's call for loosening Green Card restrictions were met with rebuttals from prominent tech leaders who are also serving as members of the Trump transition team. Entrepreneur David Sacks, who Trump has tapped as his cryptocurrency and AI czar, took to social media to clarify that Krishnan advocates for removing country caps on green cards, not eliminating caps entirely, aiming to create a more merit-based system. However, the NY Times reported that Sacks discussed a much broader visa reform proposal with Trump during a June podcast ("What I will do is," Trump told Sacks, "you graduate from a college, I think you should get automatically, as part of your diploma, a green card to be able to stay in this country"). Elon Musk, the recently appointed co-head of Trump's new Dept. of Government Efficiency (DOGE) had Sacks' and Krishnan's backs (not unexpected -- both were close Musk advisors on his Twitter purchase), tweeting out "Makes sense" to his 209 million followers, lamenting that "the number of people who are super talented engineers AND super motivated in the USA is far too low," reposting claims crediting immigrants for 36% of the innovation in the U.S., and taking USCIS to task for failing to immediately recognize his own genius with an Exceptional Ability Green Card (for his long-defunct Zip2 startup).

Vivek Ramaswamy, who Trump has tapped to co-lead DOGE with Musk, agreed and fanned the Twitter flames with a pinned Tweet of his own explaining, "The reason top tech companies often hire foreign-born -- first-generation engineers over "native" Americans isn't because of an innate American IQ deficit (a lazy -- wrong explanation). A key part of it comes down to the c-word: culture." (Colorado Governor Jared Polis also took to Twitter to agree with Musk and Ramaswamy on the need to import 'elite engineers'). And Code.org CEO Partovi joined the Twitter fray, echoing the old we-need-H1B-visas-to-make-US-schoolchildren-CS-savvy argument of Microsoft's 2012 National Talent Strategy. "Did you know 2/3 of H1B visas are for computer scientists?" Partovi wrote in reply to Musk, Loomer, and Sachs. "The H1B program raises $500M/year (from its corporate sponsors) and all that money is funneled into programs at Labor and NSF without focus to grow local CS talent. Let's fund CS education." The NYT also cited Zuckerberg's earlier efforts to influence immigration policy with FWD.us (which also counted Sacks and Musk as early supporters), taking note of Zuck's recent visit to Mar-a-Lago and Meta's $1 million donation to Trump's upcoming inauguration.

So, who is to be believed? Musk, who attributes any tech visa qualms to "a 'fixed pie' fallacy that is at the heart of much wrong-headed economic thinking" and argues that "there is essentially infinite potential for job and company creation ['We should let anyone in the country who is hardworking and honest and will be a contributor to the United States,' Musk has said]"? Or economists who have found that immigration and globalization is not quite the rising-tide-that-raises-all-boats it's been cracked up to be?

Lost deliveries, shipping delays and theft on the front porch have become such growing problems that companies are making consumers pay for package protection. From a report: Tens of thousands of online retailers now offer the service for a few dollars per order. The fees go to young companies -- Route and Corso, to name two -- that promise to make customers whole without charging the merchant if a delivery doesn't arrive. Consumers are finding that retailers either ask them to pay for package protection or draw a harder line when it comes to replacing a missing item. Some retailers are making the fees mandatory, spreading the burden of package theft among all customers.

To know whether you are paying the fee, review your order before you press purchase. Sometimes it is named after the company offering protection, and sometimes it is called shipping insurance or package protection. Skincare brand Topicals began using Corso two years ago after seeing 30% of its packages were regularly marked delivered but not received, according to customer insights manager Deja Jefferson. By requiring protection, which Topicals discloses on its shipping page, the company doesn't have to worry about convincing customers to opt in. "We actually don't get any complaints on it whatsoever," she said. Further reading: Porch Pirates Steal So Many Packages That Now You Can Get Insurance.

They gave it the old college try, but America's elite universities are facing money problems partly of their own creation. From a report: It might not seem that way compared with the broader world of U.S. higher education. Ivy League institutions and a handful in a similar orbit like Stanford, Duke and the University of Chicago aren't just blessed to have international cachet and their pick of excellent students and professors -- they also have the most money and the richest alumni. By contrast, public and especially smaller private colleges and universities are cutting staff and programs. Many are closing outright.

A school like Harvard, now well into its fourth century, will almost certainly survive for a fifth one. But there are financial problems below the surface that could emerge if the bull market stumbles and especially if some proposed Trump administration policies are enacted. Harvard's $53.2 billion endowment is so huge that the difference between a good and a so-so investment performance translates to sums that would dwarf most colleges' entire nest eggs.

Former Harvard President and former U.S. Treasury Secretary Larry Summers estimated this year that if Harvard had been able to just keep up with other Ivies and "large endowment schools" in the past several years, it would have $20 billion more. For perspective, he says that just $1 billion could fund 100 professorships or permanently cover tuition for 100 students. But even Harvard's peer group isn't doing as well as it could. Veteran investment consultant Richard Ennis wrote this month that high costs and "outdated perceptions of superiority" have stymied Ivy League endowment returns, which could have been worth 20% more since the 2008 financial crisis if invested in a classic stock and bond mix.

Honda sketched plans for a drawn-out deal that amounts to a takeover of Nissan in all but name, as Japan's automakers struggle to keep up in an increasingly competitive global car industry. From a report: The two announced a tentative agreement Monday to set up a joint holding company that will aim to list shares in August 2026. While their executives called the transaction a merger, Honda will take the lead in forming the new entity and nominate a majority of its directors.

Nissan's partner Mitsubishi may also participate in the deal. Honda and Nissan both are having trouble contending with ascendant domestic automakers in China, which surpassed Japan as the world's largest car-exporting nation last year and is pulling further ahead in 2024. Honda Chief Executive Officer Toshihiro Mibe spoke to the level of level of difficulty ahead for the companies when he said during a press conference that their goal is to be competitive by 2030.

An anonymous reader shares a report: In recent months, Telegram, the lightly moderated social media app, has held discussions with investors who lent it more than $2 billion. The goal: to reassure them that the company remains a viable bet after its founder, Pavel Durov, was arrested in France in August on charges related to illicit activities on the platform.

In the conversations, Telegram told investors that it was tackling its legal troubles head-on by policing more user-generated content. The company also said it had paid down a "meaningful amount" of its debt, according to an investor in the talks who was not authorized to discuss confidential information. Telegram has been under increasing scrutiny around the world this year for hosting illicit content from child predators, drug traffickers and other criminals. The company also faces pressure another way: to prove it can make money.

For years, skeptics have questioned if a platform known for hosting toxic material could turn a profit. Unlike social media companies such as Meta, Telegram took an unusual business path: It did not raise money from venture capitalists, sell advertising based on user data or hire aggressively to accelerate growth. Instead, it relied on Mr. Durov's fame and fortune to sustain its business, took on debt and barreled into the cryptocurrency market. [...] The result: Telegram is set to be profitable this year for the first time, according to a person with knowledge of the finances who declined to be identified discussing internal figures. Revenue is on track to surpass $1 billion, up from nearly $350 million last year, the person said.

"From the moment GPT-4 came out in March 2023, OpenAI has been working on GPT-5..." reports the Wall Street Journal. [Alternate URL here.] But "OpenAI's new artificial-intelligence project is behind schedule and running up huge bills. It isn't clear when — or if — it'll work."

"There may not be enough data in the world to make it smart enough." OpenAI's closest partner and largest investor, Microsoft, had expected to see the new model around mid-2024, say people with knowledge of the matter. OpenAI has conducted at least two large training runs, each of which entails months of crunching huge amounts of data, with the goal of making Orion smarter. Each time, new problems arose and the software fell short of the results researchers were hoping for, people close to the project say... [And each one costs around half a billion dollars in computing costs.]

The $157 billion valuation investors gave OpenAI in October is premised in large part on [CEO Sam] Altman's prediction that GPT-5 will represent a "significant leap forward" in all kinds of subjects and tasks.... It's up to company executives to decide whether the model is smart enough to be called GPT-5 based in large part on gut feelings or, as many technologists say, "vibes."

So far, the vibes are off...
OpenAI wants to use its new model to generate high-quality synthetic data for training, according to the article. But OpenAI's researchers also "concluded they needed more diverse, high-quality data," according to the article, since "The public internet didn't have enough, they felt." OpenAI's solution was to create data from scratch. It is hiring people to write fresh software code or solve math problems for Orion to learn from. [And also theoretical physics experts] The workers, some of whom are software engineers and mathematicians, also share explanations for their work with Orion... Having people explain their thinking deepens the value of the newly created data. It's more language for the LLM to absorb; it's also a map for how the model might solve similar problems in the future... The process is painfully slow. GPT-4 was trained on an estimated 13 trillion tokens. A thousand people writing 5,000 words a day would take months to produce a billion tokens.

OpenAI's already-difficult task has been complicated by internal turmoil and near-constant attempts by rivals to poach its top researchers, sometimes by offering them millions of dollars... More than two dozen key executives, researchers and longtime employees have left OpenAI this year, including co-founder and Chief Scientist Ilya Sutskever and Chief Technology Officer Mira Murati. This past Thursday, Alec Radford, a widely admired researcher who served as lead author on several of OpenAI's scientific papers, announced his departure after about eight years at the company...

OpenAI isn't the only company worrying that progress has hit a wall. Across the industry, a debate is raging over whether improvement in AIs is starting to plateau. Sutskever, who recently co-founded a new AI firm called Safe Superintelligence or SSI, declared at a recent AI conference that the age of maximum data is over. "Data is not growing because we have but one internet," he told a crowd of researchers, policy experts and scientists. "You can even go as far as to say that data is the fossil fuel of AI."

And that fuel was starting to run out.

Monday long-time Slashdot reader denelson83 wrote: The crowdsourced, widely-used map database OpenStreetMap has had a hardware failure at its upstream ISP in Amsterdam and has been put into a protective read-only mode to avoid loss or corruption of data. .
The outage had started Sunday December 15 at 4:00AM (GMT/UTC), but by Tuesday they'd posted a final update: Our new ISP is up and running and we have started migrating our servers across to it. If all goes smoothly we hope to have all services back up and running this evening...

We have dual redundant links via separate physical hardware from our side to our Tier 1 ISP. We unexpectedly discovered their equipment is a single point failure. Their extended outage is an extreme disappointment to us.

We are an extremely small team. The OSMF budget is tiny and we could definitely use more help. Real world experience... Ironically we signed a contract with a new ISP in the last few days. Install is on-going (fibre runs, modules & patching) and we expect to run old and new side-by-side for 6 months. Significantly better resilience (redundant ISP side equipment, VRRP both ways, multiple upstream peers... 2x diverse 10G fibre links).
OpenStreetMap celebrated its 20th anniversary in August, with a TechCrunch profile reminding readers the site gives developers "geographic data and maps so they can rely a little less on the proprietary incumbents in the space," reports TechCrunch, adding "Yes, that mostly means Google."

OpenStreetMap starts with "publicly available and donated aerial imagery and maps, sourced from governments and private organizations such as Microsoft" — then makes them better: Today, OpenStreetMap claims more than 10 million contributors who map out and fine-tune everything from streets and buildings, to rivers, canyons and everything else that constitutes our built and natural environments... Contributors can manually add and edit data through OpenStreetMap's editing tools, and they can even venture out into the wild and map a whole new area by themselves using GPS, which is useful if a new street crops up, for example...

OpenStreetMap's Open Database License allows any third-party to use its data with the appropriate attribution (though this attribution doesn't always happen). This includes big-name corporations such as Apple and VC-backed unicorns like MapBox, through a who's who of tech companies, including Uber and Strava... More recently, the Overture Maps Foundation — an initiative backed by Microsoft, Amazon, Meta and TomTom — has leaned heavily on OpenStreetMap data as part of its own efforts to build a viable alternative to Google's walled mapping garden.
The article notes that OpenStreetMap is now overseen by the U.K.-based nonprofit OpenStreetMap Foundation (supported mainly by donations and memberships), with just one employee — a system engineer — "and a handful of contractors who provide administrative and accounting support."

In August its original founder Steve Coast, returned to the site for a special blog post on its 20th anniversary: OpenStreetMap has grown exponentially or quadratically over the last twenty years depending on the metric you're interested in... The story isn't so much about the data and technology, and it never was. It's the people... OpenStreetMap managed to map the world and give the data away for free for almost no money at all. It managed to sidestep almost all the problems that Wikipedia has by virtue of only representing facts not opinions. The project itself is remarkable. And it's wonderful that so many are in love with it.
"Two decades ago, I knew that a wiki map of the world would work," Coast writes. "It seemed obvious in light of the success of Wikipedia and Linux..."

The Consumer Financial Protection Bureau is suing America's three largest banks, accusing the institutions of failing to protect customers from fraud on Zelle, the payment platform they co-own. From a report: According to the suit, which also targets Early Warning Services LLC, Zelle's official operator, Zelle users have lost more than $870 million over the network's seven-year existence due to these alleged failures. "The nation's largest banks felt threatened by competing payment apps, so they rushed to put out Zelle," said CFPB Director Rohit Chopra in a statement. "By their failing to put in place proper safeguards, Zelle became a gold mine for fraudsters, while often leaving victims to fend for themselves."

Among the charges:
1. Poor identity verification methods, which have allowed bad actors to quickly create accounts and target Zelle users.
2. Allowing repeat offenders to continue to gain access to the platform
3. Ignoring and failing to report instances of fraud
4. Failing to properly investigate consumer complaints

The CFPB's suit seeks to change the platform's operations, as well as obtain a civil money penalty, that would be paid into the CFPB's victims relief fund.

Ars Technica's Eric Berger reports: In a wide-ranging interview with a Russian television station, the chief executive of Russia's main space corporation said the country is now planning to participate in the International Space Station project all the way to NASA's desired goal of 2030. "In coordination with our American colleagues, we plan to de-orbit the station sometime around the beginning of 2030," the country's chief space official, Yuri Borisov, said during the interview. "The final scenario will probably be specified after the transition to a new NASA administration."

While the documents for such an extension have not been signed, these comments appear to represent a change in tone from Russia. When he first became head of Roscosmos in 2022, Borisov said Russia would leave the station partnership "after" 2024, which was interpreted as shortly thereafter. Later, Russia committed to working with NASA to keep the orbital outpost flying only through 2028. The US space agency has expressed a consistent desire to keep flying the station until 2030, after which point it hopes that private space station operators can provide one or more replacement facilities.
Borisov said the aging station, elements of which have now been in space for more than a quarter of a century, are becoming difficult to maintain. "Today our cosmonauts have to spend more time repairing equipment and less and less time conducting experiments," he said. Borisov also discussed Russia's challenges of getting private investment in space-related activities, saying: "In the West, particularly in America, 70 percent of space services are provided by satellite constellations created by private companies. This process has only just begun with us. This is a very risky business for potential investors."

"Right now, the dynamic growth of private space is being influenced by the general economic situation (likely referring to Russia's costly war in Ukraine), high inflation and interest rates, which leads to expensive money for private investors. We can hope that this will be a temporary period and more favorable times will come soon."

U.S. authorities are investigating Chinese router manufacturer TP-Link over national security risks and considering banning its devices, WSJ reported Wednesday, citing sources familiar with the matter. The Commerce, Defense and Justice departments have launched separate probes into the company, which controls approximately 65% of the U.S. home and small business router market.

Microsoft reported in October that Chinese hackers had compromised thousands of TP-Link routers to launch cyberattacks against Western targets, including government organizations and Defense Department suppliers. The company's routers are widely used across federal agencies, including the Defense Department and NASA. The Justice Department is also examining whether TP-Link's significantly lower pricing violates federal anti-monopoly laws, the report said.

Apple is preparing a series of major design and format changes to its lineup of iPhones and potentially other products, according to WSJ, a bid to revive growth after years of offering largely incremental upgrades. From the report: Starting next year, Apple plans to introduce an iPhone that will be thinner than the approximately 8-millimeter profile of current models, said people familiar with the company's plans. The model is intended to be cheaper than Pro models, with a simplified camera system to reduce costs.

The company is also planning two foldable devices, the people said. A larger device, intended to serve as a laptop, would have a screen that unfolds to be nearly as large as some desktop monitors, at about 19 inches. A smaller model would unfold to a display size that would be larger than an iPhone 16 Pro Max, intended to serve as a foldable iPhone, the people said.

Both foldable designs have been in development for years, but some key parts weren't ready. Major challenges included improving the hinge, a mechanism that allows the device to fold and unfold, and the display cover, a flexible material protecting the foldable screen. Current foldable phones on the market aren't thin, light or energy-efficient enough to meet Apple's standards, which is why Apple has been slower to enter this segment, said Jeff Pu, an analyst with Hong Kong-based brokerage Haitong International Securities.

An anonymous reader shares a report: Softbank CEO Masayoshi Son will announce a $100 billion investment in the U.S. over the next four years during a Monday visit to President-elect Donald Trump's residence Mar-a-Lago in Palm Beach, Florida, sources familiar with the matter told CNBC's Sara Eisen.

The billionaire investor and founder of the Japanese tech-investing firm will also promise in the joint announcement with Trump to create 100,000 jobs focused on artificial intelligence and related infrastructure, the sources said. The money will be deployed before the end of Trump's term. The funding could come from various sources controlled by Softbank, including the Vision Fund, capital projects or chipmaker Arm Holdings, where the firm is majority owner.