A Russian court has fined Google an astronomical sum of around $20 decillion for YouTube's blocking of Russian media channels tied to sanctioned entities. The amount compounds weekly as Google continues to disregard the ruling. The Register reports: To put that into perspective, the World Bank estimates global GDP as around $100 trillion, which is peanuts compared to the prospective fine. Google might be one of the most valuable businesses on the planet, but even if Sundar Pichai rummages around the back of the sofa he won't be able to raise the funds to pay the penalty. The bizarre amount has been calculated after a four-year court case that started after YouTube banned the ultra-nationalist Russian channel Tsargrad in 2020 in response to the US sanctions imposed against its owner. Following Putin's illegal invasion of Ukraine in 2022 more channels were added to the banned list and 17 stations are now suing the Chocolate Factory, including Zvezda (a TV channel owned by Putin's Ministry of Defence), according to local media.

"Google was called by a Russian court to administrative liability under Art. 13.41 of the Administrative Offenses Code for removing channels on the YouTube platform. The court ordered the company to restore these channels," lawyer Ivan Morozov told state media outlet TASS. The court imposed a fine of 100 thousand rubles ($1,025) per day, with the total fine doubling every week. Owing to compound interest (Einstein's eighth wonder of the world), Google is now on the hook for an insane amount of money, or what the judge on Monday called "a case in which there are many, many zeros."

Google has integrated AI deeply across its operations, with over 25% of its new code generated by AI. CEO Sundar Pichai announced the milestone during the company's third quarter 2024 earnings call. The Verge reports: AI is helping Google make money as well. Alphabet reported $88.3 billion in revenue for the quarter, with Google Services (which includes Search) revenue of $76.5 billion, up 13 percent year-over-year, and Google Cloud (which includes its AI infrastructure products for other companies) revenue of $11.4 billion, up 35 percent year-over-year. Operating incomes were also strong. Google Services hit $30.9 billion, up from $23.9 billion last year, and Google Cloud hit $1.95 billion, significantly up from last year's $270 million. "In Search, our new AI features are expanding what people can search for and how they search for it," CEO Sundar Pichai says in a statement. "In Cloud, our AI solutions are helping drive deeper product adoption with existing customers, attract new customers and win larger deals. And YouTube's total ads and subscription revenues surpassed $50 billion over the past four quarters for the first time."

NASA's economic impact report highlights that in fiscal year 2023, the agency's initiatives contributed $75.6 billion to the U.S. economy, created over 300,000 jobs, and drove advancements in areas like space exploration, climate research, and technology innovation. The agency's budget for that year was $25.4 billion. Space.com reports: The Moon to Mars program alone created $23.8 billion in economic output and 96,479 jobs, while investments in climate research and technology contributed $7.9 billion and 32,900 jobs. The report also drills down into impacts in each state, with 45 states seeing over $10 million in impact and eight states surpassing the $1 billion mark. [...]

NASA's missions supported 304,803 jobs across America, according to the report -- the third agency-wide study of its kind -- generating an estimated total of $9.5 billion in federal, state, and local taxes. Additionally, NASA's technological innovations and transfers in 2023 led to 40 new patent applications, 69 patents issued, and thousands of software usage agreements. A number of NASA technology spinoffs have become everyday household items. The full NASA economic impact report can be found here.

JPMorgan Chase is suing customers who exploited an ATM glitch that allowed them to withdraw funds before a check bounced. CNBC reports: The bank on Monday filed lawsuits in at least three federal courts, taking aim at some of the people who withdrew the highest amounts in the so-called infinite money glitch that went viral on TikTok and other social media platforms in late August. [...] JPMorgan, the biggest U.S. bank by assets, is investigating thousands of possible cases related to the "infinite money glitch," though it hasn't disclosed the scope of associated losses. Despite the waning use of paper checks as digital forms of payment gain popularity, they're still a major avenue for fraud, resulting in $26.6 billion in losses globally last year, according to Nasdaq's Global Financial Crime Report.

The infinite money glitch episode highlights the risk that social media can amplify vulnerabilities discovered at a financial institution. Videos began circulating in late August showing people celebrating the withdrawal of wads of cash from Chase ATMs shortly after bad checks were deposited. Normally, banks only make available a fraction of the value of a check until it clears, which takes several days. JPMorgan says it closed the loophole a few days after it was discovered.

The lawsuits are likely to be just the start of a wave of litigation meant to force customers to repay their debts and signal broadly that the bank won't tolerate fraud, according to the people familiar. JPMorgan prioritized cases with large dollar amounts and indications of possible ties to criminal groups, they said. The civil cases are separate from potential criminal investigations; JPMorgan says it has also referred cases to law enforcement officials across the country. "Fraud is a crime that impacts everyone and undermines trust in the banking system," JPMorgan spokesman Drew Pusateri said in a statement to CNBC. "We're pursuing these cases and actively cooperating with law enforcement to make sure if someone is committing fraud against Chase and its customers, they're held accountable."

Russia has enacted a new law expanding control over cryptocurrency mining, granting multiple federal agencies access to digital currency identifier addresses, among other things. The country is also advancing its regulatory framework and experimenting with crypto in international trade. From a report: Taking effect on Nov. 1, the legislation includes several amendments designed to strengthen oversight and impose limitations on crypto mining activities based on regional needs. The law enables the Russian government to implement mining restrictions by location and define specific procedures and circumstances for banning mining operations. A notable provision in the law gives the government the power to stop digital currency mining pools from functioning in certain areas. Additionally, the government now has the authority to regulate infrastructure providers supporting mining operations.

This legislation also grants multiple federal agencies, beyond the Federal Financial Monitoring Service (Rosfinmonitoring), access to digital currency identifier addresses. This expansion includes federal executive agencies and law enforcement, bolstering their capability to track transactions that may be linked to money laundering or terrorist financing activities. Moreover, the amendments transfer responsibility for the national mining register from the Ministry of Digital Development to the Federal Tax Service, which will now oversee mining registrations for businesses and remove those with repeated infractions. While individual miners can continue without registering if they adhere to specific electricity consumption limits, companies and individual entrepreneurs must comply with new registration requirements.

An anonymous reader shares a report:Around 1.5 million of Britain's 7.2 million lampposts could be removed to save money and reduce carbon emissions and replaced with lighting that will make it safer for pedestrians.

Under existing rules, there is no requirement to light pavements for pedestrians. They are only lit because light spills over from lampposts, which were principally installed to make it safer for motorists. But today's cars have such effective headlights that lampposts, which are generally 10m tall on A-roads and 6m tall on residential roads, are not necessary in many parts of Britain. Lampposts will remain in place in many locations where they are necessary, such as in cities where CCTV cameras rely on good lighting.

A writer for the New York Times editorial board argues we don't yet fully understand the impact of warehouses. "Thanks to the rise of online shopping and the proximity to so many American doorsteps, warehouses have become a major source of blue-collar employment," both in Bethlehem, Pennsylvania and beyond. "In Pennsylvania's Lehigh Valley, more than 19,000 people work in the warehouses that prepare our packages. Thousands more drive the trucks that deliver them."

But while the total number of warehouse-related jobs almost replaces the jobs lost from the closure of a major steel plant, "the political power that blue-collar workers once wielded has not been replaced." Despite their large numbers, their importance to the economy, and their presence in Northampton — a swing county in a crucial battleground state — warehouse workers don't form an influential voting bloc in the way that steelworkers did... It turns out that making stuff isn't the same as distributing it. Working in a steel mill is a communal act that lends itself to the pursuit of political power in a way that warehouse jobs do not. Steelworkers toiled alongside one another, forming lifelong bonds, bowling leagues and unions that delivered a reliable voting bloc. Back when thousands of workers streamed out of the gates of Bethlehem Steel at quitting time, "politicians would come out to shake our hands," Jerry Green, retired president of United Steelworkers Local 2599, told me.

Factories were so good at political mobilization, in fact, that some credit them for democracy itself. Women and working-class men won the right to vote in the United States, Western Europe and much of East Asia after about a quarter of those populations were employed in factories, according to recent research by Sam van Noort, a lecturer at Princeton. Warehouses, by contrast, have no such mystique. Nobody campaigns outside the Walmart distribution centers here. Workers tend to be hired by staffing agencies and many stay for only a few months. They work on their own and rarely socialize. They are notoriously difficult to organize. Alec MacGillis, author of "Fulfillment: America in the Shadow of Amazon," told me that the biggest challenge for labor organizers at Amazon warehouses was getting workers to stay on the job long enough to feel a sense of solidarity.

Malenie Tapia, who moved to Bethlehem from Queens, N.Y., five years ago and took a job as a "picker" in a Zara warehouse, explained why. For eight hours a day, she grabbed items off numbered shelves and delivered them to packers who packed them into boxes. Talking to co-workers was forbidden, she said, except during a brief lunch break. "Sometimes I would go to the section in the back, where there would be less eyes on you, and sneak in a little moment of conversation," she said.
Here's what happened when the reporter asked a pair of Latino workers about their political opinions: Most of all, they fretted about being replaced by machines. They spoke with dread about a fully automated McDonald's and a robot that unloads container ships. They didn't seem to see themselves as part of a working class that could band together to demand protections for their jobs.

The hot political issue around warehouses isn't the workers at all; it's the traffic and loss of green space associated with them. Both the Democratic and Republican candidates in the race for a state representative seat in Northampton have vowed to stop the proliferation of warehouses, which some citizens' groups say destroys their rural way of life. If warehouse workers had a political voice, they might push back. But they don't, so they won't. Warehouses have been an economic boon. But politically, for workers, they are a loss.

"In the early hours of Thursday, March 23, 2023, residents in the German town of Kronberg were woken from their sleep by several explosions," reports CNN .

"Criminals had blown up an ATM located below a block of flats in the town center..." According to local media reports, witnesses saw people dressed in dark clothing fleeing in a black car towards a nearby highway. During the heist, thieves stole 130,000 euros in cash. They also caused an estimated half a million euros worth of collateral damage, according to a report by Germany's Federal Criminal Police Office, BKA.

Rather than staging dramatic and risky bank robberies, criminal groups in Europe have been targeting ATMs as an easier and more low-key target. In Germany — Europe's largest economy — thieves have been blowing up ATMs at a rate of more than one per day in recent years. In a country where cash is still a prevalent payment method, the thefts can prove incredibly lucrative, with criminals pocketing hundreds of thousands of euros in one attack.

Europol has been cracking down on the robberies, carrying out large cross-border operations aimed at taking down the highly-organized criminal gangs behind them. Earlier this month, authorities from Germany, France and the Netherlands arrested three members of a criminal network who have been carrying out attacks on cash machines using explosives, Europol said in a statement. Since 2022, the detainees are believed to have looted millions of euros and run up a similar amount in property damage, from 2022 to 2024, Europol said...

Unlike its European neighbors, who largely transitioned away from cash payments due to the Covid-19 pandemic, cash still plays a significant role in Germany. One half of all transactions in 2023 were made using banknotes and coins, according to Bundesbank. Germans have a cultural attachment to cash, traditionally viewing it as a safe method of payment. Some say it allows a greater level of privacy, and gives them more control over their expenses.

The cost of cleaning up the U.K.'s largest nuclear site, "is expected to spiral to £136 billion" (about $176 billion), according to the Guardian, creating tension with the country's public-spending watchdog.

Projects to fix the state-owned buildings with hazardous and radioactive material "are running years late and over budget," the Guardian notes, with the National Audit Office suggesting spending at the Sellafield site has risen to more than £2.7 billion a year ($3.49 billion). Europe's most hazardous industrial site has previously been described by a former UK secretary of state as a "bottomless pit of hell, money and despair". The Guardian's Nuclear Leaks investigation in late 2023 revealed a string of cybersecurity problems at the site, as well as issues with its safety and workplace culture. The National Audit Office found that Sellafield was making slower-than-hoped progress on making the site safe and that three of its most hazardous storage sites pose an "intolerable risk".

The site is a sprawling collection of buildings, many never designed to hold nuclear waste long-term, now in various states of disrepair. It stores and treats decades of nuclear waste from atomic power generation and weapons programmes, has taken waste from countries including Italy and Sweden, and is the world's largest store of plutonium.

Sellafield is forecast to cost £136bn to decommission, which is £21.4bn or 18.8% higher than was forecast in 2019. Its buildings are expected to be finally torn down by 2125 and its nuclear waste buried deep underground at an undecided English location. The underground project's completion date has been delayed from 2040 to the 2050s at the earliest, meaning Sellafield will need to build more stores and manage waste for longer. Each decade of delay costs Sellafield between £500m and £760m, the National Audit Office said.

Meanwhile, the government hopes to ramp up nuclear power generation, which will create more waste.
"Plans to clean up three of its worst ponds — which contain hazardous nuclear sludge that must be painstakingly removed — are running six to 13 years later than forecast when the National Audit Office last drew up a report, in 2018... "

"One pond, the Magnox swarf storage silo, is leaking 2,100 litres of contaminated water each day, the NAO found. The pond was due to be emptied by 2046 but this has slipped to 2059."

Thanks to long-time Slashdot reader AmiMoJo for sharing the news.

An anonymous reader quotes a report from TechCrunch: Ahead of the debut of Apple's private AI cloud next week, dubbed Private Cloud Compute, the technology giant says it will pay security researchers up to $1 million to find vulnerabilities that can compromise the security of its private AI cloud. In a post on Apple's security blog, the company said it would pay up to the maximum $1 million bounty to anyone who reports exploits capable of remotely running malicious code on its Private Cloud Compute servers. Apple said it would also award researchers up to $250,000 for privately reporting exploits capable of extracting users' sensitive information or the prompts that customers submit to the company's private cloud.

Apple said it would "consider any security issue that has a significant impact" outside of a published category, including up to $150,000 for exploits capable of accessing sensitive user information from a privileged network position. "We award maximum amounts for vulnerabilities that compromise user data and inference request data outside the [private cloud compute] trust boundary," Apple said. You can learn more about Apple's Private Cloud Computer service in their blog post. Its source code and documentation is available here.

The top U.S. consumer finance watchdog warned businesses about potential legal problems they could face from using new technology such as artificial intelligence or algorithmic scores to snoop on and evaluate their employees. From a report: The Consumer Financial Protection Bureau on Thursday said "invasive" new tools to monitor workers are governed by a law designed to ensure fairness in credit reporting, giving employees specific rights. Employees have the right to consent to the collection of personal information, to receive detailed information and to dispute inaccurate information, the CFPB said in the newly released guidance.

"Workers shouldn't be subject to unchecked surveillance or have their careers determined by opaque third-party reports without basic protections," CFPB Director Rohit Chopra said. More companies are leaning on AI and other powerful tools throughout the employment process, using software that can, for example, interview candidates and surveillance tools that can look for unsafe behavior. Americans have expressed concerns about Big Brother-style surveillance while they are on the job.

PayPal will begin sharing detailed customer purchase data, including clothing sizes and shopping preferences, with retailers for targeted advertising starting November 27, the payments company announced in a recent privacy update. The initiative affects PayPal's 391 million active consumer accounts worldwide. While customers can opt out through the app's settings, the GAO reports such opt-out rates typically remain below 7% across financial services.

Seven Spirals writes: A working paper [PDF], published by the National Bureau of Economic Research, studies the employment effects of a guaranteed income by providing $1,000 per month to 1,000 low-income participants for three years, compared to a control group receiving $50 per month. The results show a decrease in labor market participation by 2 percentage points and a reduction of 1.3-1.4 hours in weekly work hours. Most of the additional free time was spent on leisure, and there were no significant improvements in job quality or human capital investments. Overall, the guaranteed income led to a moderate reduction in labor supply without other substantial productive benefits.

Ireland's data-protection watchdog fined LinkedIn 310 million euros ($334.3 million), saying the Microsoft-owned career platform's personal-data processing breached strict European Union data-privacy and security legislation. From a report: The Irish Data Protection Commission in 2018 launched a probe into LinkedIn's processing of users' personal data for behavioral analysis and targeted advertising after its French equivalent flagged a complaint it received from a non-profit organization. Irish officials raised concerns on the lawfulness, fairness and transparency of the practice, saying Thursday that LinkedIn was in breach of the EU's General Data Protection Regulation.

"The lawfulness of processing is a fundamental aspect of data protection law and the processing of personal data without an appropriate legal basis is a clear and serious violation of a data subjects' fundamental right to data protection," said Graham Doyle, deputy commissioner at the Irish Data Protection Commission. In their decision, Irish officials said LinkedIn wasn't sufficiently informing users when seeking their consent to process third-party data for behavioral analysis and targeted advertising and ordered the platform to bring its processing into compliance.

An anonymous reader quotes a report from SecurityWeek.com: White hat hackers taking part in the Pwn2Own Ireland 2024 contest organized by Trend Micro's Zero Day Initiative (ZDI) have earned half a million dollars on the first day of the event, for exploits targeting NAS devices, cameras, printers and smart speakers. The highest single reward, $100,000, was earned by Sina Kheirkhah of Summoning Team, who chained a total of nine vulnerabilities for an attack that went from a QNAP QHora-322 router to a TrueNAS Mini X storage device. Another exploit chain involving the QNAP QHora-322 and TrueNAS Mini X products was demonstrated by Viettel Cyber Security, but this team earned only $50,000.

A significant reward was also earned by Jack Dates of RET2 Systems, who received $60,000 for hacking a Sonos Era 300 smart speaker. QNAP TS-464 and Synology DiskStation DS1823XS+ NAS device exploits earned $40,000 each for two different teams. Participants also successfully demonstrated exploits against the Lorex 2K WiFi, Ubiquity AI Bullet, and Synology TC500 cameras, and HP Color LaserJet Pro MFP 3301fdw and Canon imageCLASS MF656Cdw printers. These attempts earned the hackers between $11,000 and $30,000. According to ZDI, a total of $516,250 was paid out on the first day of Pwn2Own Ireland for over 50 unique vulnerabilities.

An anonymous reader quotes a report from Ars Technica: It's been just a week since US telecom regulators announced a formal inquiry into broadband data caps, and the docket is filling up with comments from users who say they shouldn't have to pay overage charges for using their Internet service. The docket has about 190 comments so far, nearly all from individual broadband customers.

Federal Communications Commission dockets are usually populated with filings from telecom companies, advocacy groups, and other organizations, but some attract comments from individual users of telecom services. The data cap docket probably won't break any records given that the FCC has fielded many millions of comments on net neutrality, but it currently tops the agency's list of most active proceedings based on the number of filings in the past 30 days. "Data caps, especially by providers in markets with no competition, are nothing more than an arbitrary money grab by greedy corporations. They limit and stifle innovation, cause undue stress, and are unnecessary," wrote Lucas Landreth.

"Data caps are as outmoded as long distance telephone fees," wrote Joseph Wilkicki. "At every turn, telecommunications companies seek to extract more revenue from customers for a service that has rapidly become essential to modern life." Pointing to taxpayer subsidies provided to ISPs, Wilkicki wrote that large telecoms "have sought every opportunity to take those funds and not provide the expected broadband rollout that we paid for."

In response to Trump-appointed FCC Commissioner Nathan Simington's coffee refill analogy, internet users "Jonathan Mnemonic" and James Carter wrote, "Coffee is not, in fact, internet service." They added: "Cafes are not able to abuse monopolistic practices based on infrastructural strangleholds. To briefly set aside the niceties: the analogy is absurd, and it is borderline offensive to the discerning layperson."

If you want to sign up for a subscription to Hulu or Disney+, don't bother taking out your iPhone. Disney is now telling would-be customers to pay for subscriptions on Disney's own site, instead of on Apple's App Store -- though people who've already started paying for either service via Apple can keep doing that. From a report: The two companies are still working together on some projects. But the App Store split does represent a rift between two longtime partners, so it's definitely worth noting.

Disney's rationale is clear here: When customers sign up for Disney subscription services via Apple, Apple takes up to 15% of the monthly fees those services generate. And Disney CEO Bob Iger has made it clear that he doesn't want to pay that anymore. "We have to look at the way we're distributing," Iger said at an investor conference in May. "Unlike Netflix, we distribute largely through third-party app stores. There's obviously an advantage to that to some extent, but there's a cost to that, too. And we're looking at that."

Applications to MBA programs jumped 12% in 2024, with full-time programs surging 32% to decade-high levels, WSJ is reporting, citing the Graduate Management Admission Council's latest survey. Top-tier U.S. schools reported significant gains, with Columbia Business School seeing a 27% rise and Harvard Business School applications climbing 21%. So what's behind the surge? The story adds: Today, the U.S. job market is strong, and unemployment remains low. But lower wage positions in retail and dining, as well as healthcare and government, have fueled much of the labor market's growth over the past two years.

A white-collar job market downturn that began with tech workers in 2022 has spread to other sectors. Major employers including Goldman Sachs, Lyft, Microsoft and PricewaterhouseCoopers have laid off a combined tens of thousands of workers this year. Hiring for roles that usually require a bachelor's degree dropped below 2019 levels in recent months, according to payroll provider ADP. That slump has been steeper for 20-somethings, who are running into a bottleneck on the lower rungs of the corporate ladder as more established professionals stay put.

An anonymous reader quotes a report from Wired: When Canadian developer Peter Todd found out that a new HBO documentary, Money Electric: The Bitcoin Mystery, was set to identify him as Satoshi Nakamoto, the creator of Bitcoin, he was mostly just pissed. "This was clearly going to be a circus," Todd told WIRED in an email. The identity of the person -- or people -- who created Bitcoin has been the subject of speculation since December 2010, when they disappeared from public view. The mystery has proved all the more irresistible for the trove of bitcoin Satoshi is widely believed to have controlled, suspected to be worth many billions of dollars today. When the documentary was released on October 8, Todd joined a long line of alleged Satoshis.

Documentary maker Cullen Hoback, who in a previous film claimed to have identified the individual behind QAnon, laid out his theory to Todd on camera. The confrontation would become the climactic scene of the documentary. But Todd nonetheless claims he didn't see it coming; he alleges he was left with the impression the film was about the history of Bitcoin, not the identity of its creator. Since the documentary aired, Todd has repeatedly and categorically denied that he created Bitcoin: "For the record, I am not Satoshi," he alleges. "I think Cullen made the Satoshi accusation for marketing. He needed a way to get attention for his film."

For his part, Hoback remains confident in his conclusions. The various denials and deflections from Todd, he claims, are part of a grand and layered misdirection. "While of course we can't outright say he is Satoshi, I think that we make a very strong case," says Hoback. Whatever the truth, Todd will now bear the burden of having been unmasked as Satoshi. He has gone into hiding. [...] Todd expects that "continued harassment by crazy people" will become the indefinite status quo. But he says the potential personal safety implications are his chief concern -- and the reason he has gone into hiding. "Obviously, falsely claiming that ordinary people of ordinary wealth are extraordinarily rich exposes them to threats like robbery and kidnapping," says Todd. "Not only is the question dumb, it's dangerous. Satoshi obviously didn't want to be found, for good reasons, and no one should help people trying to find Satoshi." "I think the idea that it puts their life [at risk] is a little overblown," says Hoback. "This person is potentially on track to become the wealthiest on Earth."

"If countries are considering adopting this in their treasuries or making it legal tender, the idea that there's potentially this anonymous figure out there who controls one twentieth of the total supply of digital gold is pretty important."

A federal rule banning fake online reviews is now in effect. The Federal Trade Commission issued the rule in August banning the sale or purchase of online reviews. The rule, which went into effect Monday, allows the agency to seek civil penalties against those who knowingly violate it. AP: "Fake reviews not only waste people's time and money, but also pollute the marketplace and divert business away from honest competitors," FTC Chair Lina Khan said about the rule in August. She added that the rule will "protect Americans from getting cheated, put businesses that unlawfully game the system on notice, and promote markets that are fair, honest, and competitive."