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Government

Senators Strike Bipartisan Deal For a Ban On Stock Trading By Members of Congress (cnbc.com) 127

A bipartisan group of senators reached a new agreement on legislation that would ban members of Congress, their spouses and dependent children, as well as the president and vice president, from purchasing and selling stocks while in office. According to CNBC, it would also give lawmakers 90 days to sell their stocks. From the report: The proposal is the latest chapter in a yearslong saga in Congress to pass regulations that limit lawmakers' ability to buy and sell stocks, and the first one to get formal consideration by a Senate committee -- in this case the Homeland Security & Governmental Affairs Committee on July 24. Ethics experts say that legislators' access to the kind of information they receive gives them the potential of having an unfair advantage to the investing public.

Sens. Hawley, Jon Ossoff, D-Ga., Jeff Merkley, D-Ore., and Gary Peters, D-Mich., negotiated and announced the new details. If passed, the bill would also prohibit lawmakers' spouses and dependent children from trading stocks, beginning March 2027. Also starting that year, the U.S. president, vice president and all members of Congress would have to divest from any covered investments. The penalty for violating the divestment mandate, as proposed by the senators, would cost a lawmaker the greater amount of either their monthly salary, or 10% of the value of each covered asset in violation.

XBox (Games)

Microsoft Asks Many Game Pass Subscribers To Pay More For Less 63

An anonymous reader shares a report: For years now, Microsoft's Xbox Game Pass has set itself apart by offering subscribers launch-day access to new first-party titles in addition to a large legacy library of older games. That important "day one" perk is now set to go away for all but the highest tier of Game Pass' console subscribers, even as Microsoft asks for more money for Game Pass across the board. Let's start with the price increases for existing Game Pass tiers, which are relatively straightforward:

"Game Pass Ultimate" is going from $16.99 to $19.99 per month.
"Game Pass for PC" is going from $9.99 to $11.99 per month.
"Game Pass Core" (previously known as Xbox Live Gold) is going from $59.99 to $74.99 for annual subscriptions (and remains at $9.99 for monthly subscriptions).
Things get a bit more complicated for the $10.99/month "Xbox Game Pass for Console" tier.

Microsoft announced that it will no longer accept new subscriptions for that tier after today, though current subscribers will be able to keep it (for now) if they auto-renew their subscriptions.
Piracy

Z-Library Admins 'Escape House Arrest' After Judge Approves US Extradition (torrentfreak.com) 28

Andy Maxwell reports via TorrentFreak: On November 4, 2022, the United States Department of Justice and the FBI began seizing Z-Library's domains as part of a major operation to shut down the infamous 'shadow library' platform. A criminal investigation had identified two Russian nationals, Anton Napolsky and Valeriia Ermakova, as the alleged operators of the site. On October 21, 2022, at the U.S. District Court for the Eastern District of New York, Judge Sanket J. Bulsara ordered their arrest. They were detained in Argentina on November 3, 2022. After arriving at the Ambrosio Taravella International Airport, the unsuspecting couple cleared customs and hired a car from a popular rental company. The United States Embassy informed local authorities that the pair were subject to an Interpol Red Notice.

At what point the Russians' phones were tapped is unclear but, under the authority of a Federal Court arrest warrant, Argentinian law enforcement began tracking the couple's movements as they traveled south in their rented Toyota Corolla. [...] [F]ollowing a visit to El Calafate, the pair were arrested by airport security police as they arrived in Rio Gallegos, Santa Cruz. They were later transferred to Cordoba. In January 2023, Judge Miguel Hugo Vaca Narvaja authorized the Russians to be detained under house arrest. Approval from Cordoba prosecutor Maximiliano Hairabedian, who was responsible for the request to extradite Napolsky and Ermakova to the United States, was not obtained. With a federal indictment, alleging criminal copyright infringement, wire fraud, and money laundering offenses, waiting for them in the United States, the priority for Napolsky and Ermakova would soon be their fight against extradition. [...]

Patronato del Liberado (Patronage of the Liberated) is responsible for assisting people who have previously been detained by the authorities with family and social reintegration. It's also tasked with monitoring compliance of those on probation or subject to house arrest. According to unnamed 'judicial sources' cited by La Voz, which receives full credit for a remarkable scoop, when the group conducted a regular visit in May, to verify that Napolsky and Ermakova were in compliance with the rules set by the state, there was no trace of them. Patronato del Liberado raised the alarm and Judge Sanchez Freytes was immediately notified. Counsel for the defense during the extradition hearings said that he hadn't been able to contact the Russians either. The Judge ordered an international arrest warrant although there appeared to be at least some hope the pair hadn't left the country. However, that was many weeks ago and with no obvious news suggesting their recapture, the pair could be anywhere by now.

Transportation

Gig-Economy Drivers Are Turning to EVs to Save Money - and They Need More Public Chargers (hbs.edu) 206

Remember those researchers who spent years training AI tools to analyze the reviews drivers left on the smartphone apps where they pay for EV charging?

There was one more unexpected finding. "Rideshare drivers who work for companies such as Uber are increasingly turning to electric vehicles to reduce fuel costs." That trend is boosting demand for conveniently located, publicly accessible EV chargers... "They are mostly relying on public chargers for their daily Uber needs, usually every day or every couple of days, which dramatically increases electric vehicle miles traveled," [climate fellow Omar Asensio told the Institute's blog], explaining that many drivers live in apartments that lack garages or space for a residential EV charger. Uber CEO Dara Khosrowshahi considers the issue so pressing he urged U.S. policymakers to accelerate plans to improve the nation's EV charging infrastructure in a Fast Co. op-ed in January — during the World Economic Forum in Davos, when media messaging can influence policymakers.

Independent Uber drivers, Khosrowshahi said, are converting to electric vehicles seven times faster than the general public and they tend to be disproportionately from low- and middle-income households that need access to public charging stations. "Charging infrastructure must be more equitable," Khosrowshahi wrote. "Many drivers don't have driveways or garages, so access to nearby overnight charging is essential. Yet our data shows us that Uber drivers often live in neighborhoods lacking this infrastructure. These 'charging deserts' hold countless people back from making the switch."

Transportation

New Research Finds America's EV Chargers Are Just 78% Reliable (and Underfunded) (hbs.edu) 220

Harvard Business School has an "Institute for Business in Global Society" that explores the societal impacts of business. And they've recently published some new AI-powered research about EV charging infrastructure, according to the Institute's blog, conducted by climate fellow Omar Asensio.

"Asensio and his team, supported by Microsoft and National Science Foundation awards, spent years building models and training AI tools to extract insights and make predictions," using the reviews drivers left (in more than 72 languages) on the smartphone apps drivers use to pay for charging. And ultimately this research identified "a significant obstacle to increasing electric vehicle (EV) sales and decreasing carbon emissions in the United States: owners' deep frustration with the state of charging infrastructure, including unreliability, erratic pricing, and lack of charging locations..." [C]harging stations in the U.S. have an average reliability score of only 78%, meaning that about one in five don't work. They are, on average, less reliable than regular gas stations, Asensio said. "Imagine if you go to a traditional gas station and two out of 10 times the pumps are out of order," he said. "Consumers would revolt...." EV drivers often find broken equipment, making charging unreliable at best and simply not as easy as the old way of topping off a tank of gas. The reason? "No one's maintaining these stations," Asensio said.
One problem? Another blog post by the Institute notes that America's approach to public charging has differed sharply from those in other countries: In Europe and Asia, governments started making major investments in public charging infrastructure years ago. In America, the initial thinking was that private companies would fill the public's need by spending money to install charging stations at hotels, shopping malls and other public venues. But that decentralized approach failed to meet demand and the Biden administration is now investing heavily to grow the charging network and facilitate EV sales... "No single market actor has sufficient incentive to build out a national charging network at a pace that meets our climate goals," the report declared. Citing research and the experience of other countries, it noted that "policies that increase access to charging stations may be among the best policies to increase EV sales." But the U.S. is far behind other countries.
Thanks to Slashdot reader NoWayNoShapeNoForm for sharing the article.
Open Source

FreeBSD Contributor Mocks Gloomy Predictions for the Open Source Movement (acm.org) 94

In Communications of the ACM,/em>, long-time FreeBSD contributor Poul-Henning Kamp mocks the idea that the free and open-source software has "come apart" and "will end in tears and regret." Economists and others focused on money — like my bank — have had a lot of trouble figuring out the free and open source software (FOSS) phenomenon, and eventually they seem to have reached the conclusion that it just makes no sense. So, they go with the flow. Recently, very serious people in the FOSS movement have started to write long and thoughtful opinion pieces about how it has all come apart and will end in tears and regret. Allow me to disagree...
What follows is a humorous history of how the Open Source movement bested a series of ill-conceived marketing failures starting after the "utterly bad" 1980s when IBM had an "unimaginably huge monopoly" — and an era of vendor lock-in from companies trying to be the next IBM: Out of that utter market failure came Minix, (Net/Free/Open)BSD, and Linux, at a median year of approximately 1991. I can absolutely guarantee that if we had been able to buy a reasonably priced and solid Unix for our 32-bit PCs — no strings attached — nobody would be running FreeBSD or Linux today, except possibly as an obscure hobby. Bill Gates would also have had a lot less of our money...
The essay moves on to when "that dot-com thing happened, fueled by the availability of FOSS operating systems, which did a much better job than any operating system you could buy — not just for the price, but in absolute terms of performance on any given piece of hardware. Thus, out of utter market failure, the FOSS movement was born."

And ultimately, the essay ends with our present day, and the phenomenon of companies that "make a business out of FOSS or derivatives thereof..." The "F" in FOSS was never silent. In retrospect, it seems clear that open source was not so much the goal itself as a means to an end, which is freedom: freedom to fix broken things, freedom from people who thought they could clutch the source code tightly and wield our ignorance of it as a weapon to force us all to pay for and run Windows Vista. But the FOSS movement has won what it wanted, and no matter how much oldsters dream about their glorious days as young revolutionaries, it is not coming back; the frustrations and anger of IT in 2024 are entirely different from those of 1991.

One very big difference is that more people have realized that source code is a liability rather than an asset. For some, that realization came creeping along the path from young teenage FOSS activists in the late 1990s to CIOs of BigCorp today. For most of us, I expect, it was the increasingly crushing workload of maintaining legacy code bases...

Businesses

Investors Pour $27.1 Billion into AI Startups, Defying a Downturn (msn.com) 17

"For two years, many unprofitable tech startups have cut costs, sold themselves or gone out of business," reports the New York Times.

"But the ones focused on artificial intelligence have been thriving." Now, the AI boom that started in late 2022, has become the strongest counterpoint to the broader startup downturn. Investors poured $27.1 billion into AI startups in the United States from April to June, accounting for nearly half of all U.S. startup funding in that period, according to PitchBook, which tracks startups. In total, U.S. startups raised $56 billion, up 57% from a year earlier and the highest three-month haul in two years. AI companies are attracting huge rounds of funding reminiscent of 2021, when low interest rates pushed investors away from taking risks on tech investments...

The startup downturn began in early 2022 as many money-losing companies struggled to grow as quickly as they did in the pandemic. Rising interest rates also pushed investors to chase less risky investments. To make up for dwindling funding, startups slashed staff and scaled back their ambitions. Then in late 2022, OpenAI, a San Francisco AI lab, kicked off a new boom with the release of its ChatGPT chatbot. Excitement around generative AI technology, which can produce text, images and videos, set off a frenzy of startup creation and funding. "Sam Altman canceled the recession," joked Siqi Chen, founder of the startup Runway Financial, referring to OpenAI's chief executive. Chen said his company, which makes finance software, was growing faster than it otherwise would have because "AI can do the job of 1.5 people...."

An analysis of 125 AI startups by Kruze Consulting, an accounting and tax advisory firm, showed that the companies spent an average of 22% of their expenses on computing costs in the first three months of the year — more than double the 10% spent by non-AI software companies in the same period. "No wonder VCs are throwing money into these companies," said Healy Jones, Kruze's vice president of financial strategy. While AI startups are growing faster than other startups, he said, "they clearly need the money."

Startups receiving funding include CoreWeave ($1.1 billion), ScaleAI ($1 billion), and the Elon Musk-founded xAI ($6 billion), according to the article.

"For investors who back fast-growing startups, there is little downside to being wrong about the next big thing, but there is enormous upside in being right. AI's potential has generated deafening hype, with prominent investors and executives predicting that the market for AI will be bigger than the markets for the smartphone, the personal computer, social media and the internet."
Security

Ransomware Locks Credit Union Users Out of Bank Accounts (arstechnica.com) 27

An anonymous reader quotes a report from Ars Technica: A California-based credit union with over 450,000 members said it suffered a ransomware attack that is disrupting account services and could take weeks to recover from. "The next few days -- and coming weeks -- may present challenges for our members, as we continue to navigate around the limited functionality we are experiencing due to this incident," Patelco Credit Union CEO Erin Mendez told members in a July 1 message (PDF) that said the security problem was caused by a ransomware attack. Online banking and several other services are unavailable, while several other services and types of transactions have limited functionality.

Patelco Credit Union was hit by the attack on June 29 and has been posting updates on this page, which says the credit union "proactively shut down some of our day-to-day banking systems to contain and remediate the issue... As a result of our proactive measures, transactions, transfers, payments, and deposits are unavailable at this time. Debit and credit cards are working with limited functionality." Patelco Credit Union is a nonprofit cooperative in Northern California with $9 billion in assets and 37 local branches. "Our priority is the safe and secure restoration of our banking systems," a July 2 update said. "We continue to work alongside leading third-party cybersecurity experts in support of this effort. We have also been cooperating with regulators and law enforcement."

Patelco says that check and cash deposits should be working, but direct deposits have limited functionality. Security expert Ahmed Banafa "said Tuesday that it looks likely that hackers infiltrated the bank's internal databases via a phishing email and encrypted its contents, locking out the bank from its own systems," the Mercury News reported. Banafa was paraphrased as saying that it is "likely the hackers will demand an amount of money from the credit union to restore its systems back to normal, and will continue to hold the bank's accounts hostage until either the bank finds a way around the hack or until the hackers are paid." Patelco hasn't revealed details about how it will recover from the ransomware attack but acknowledged to customers that their personal information could be at risk. "The investigation into the nature and scope of the incident is ongoing," the credit union said. "If the investigation determines that individuals' information is involved as a result of this incident, we will of course notify those individuals and provide resources to help protect their information in accordance with applicable laws."
While ATMs "remain available for cash withdrawals and deposits," Patelco said many of its other services remain unavailable, including online banking, the mobile app, outgoing wire transfers, monthly statements, Zelle, balance inquiries, and online bill payments. Services with "limited functionality" include company branches, call center services, live chats, debit and credit card transactions, and direct deposits.
Microsoft

Steve Ballmer Surpasses Bill Gates In Wealth (neowin.net) 55

An anonymous reader quotes a report from Neowin: Former Microsoft CEO Steve Ballmer, known for his enthusiastic energy and salesmanship, is now richer than Microsoft co-founder Bill Gates. This is the first time Ballmer has surpassed Bill Gates in wealth. According to the Bloomberg Billionaires Index, Steve Ballmer is now the sixth-richest person in the world with a $157.2 billion net worth.

Steve Ballmer surpassed Bill Gates for two reasons: - Ninety percent of Steve Ballmer's wealth is in Microsoft stock. Ballmer remains the single largest individual shareholder of Microsoft stock. Microsoft's stock continues its strong growth momentum and is up 21% this year alone.
- Bill Gates diversified his portfolio through Cascade Investment. Therefore, his other investments did not yield the returns that Microsoft stock would have provided.
"[T]he Bloomberg Billionaires Index only considers an individual's current personal wealth," notes the report. It doesn't take into consideration each of the executives' various charitable donations, such as Gates' $60 billion donation to the Gates Foundation or Ballmer's million-dollar donations to major universities in the U.S.
United States

Biden Administration Provides $504 Million To Support 12 Tech Hubs Nationwide (apnews.com) 119

The Biden administration said Tuesday that it was providing $504 million in implementation grants for a dozen technology hubs in Ohio, Montana, Nevada and Florida, among other locations. From a report: The money would support the development of quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine and other technologies. The Democratic administration is trying to encourage more technological innovation across the country, instead of allowing it be concentrated in a few metro areas such as San Francisco, Seattle, Boston and New York City.

"The reality is there are smart people, great entrepreneurs, and leading-edge research institutions all across the country," Commerce Secretary Gina Raimondo said in a call previewing the announcement. "We're leaving so much potential on the table if we don't give them the resources to compete and win in the tech sectors that will define the 21st century global economy."

Security

Fintech Company Wise Says Some Customers Affected by Evolve Bank Data Breach (techcrunch.com) 3

An anonymous reader shares a report: The money transfer and fintech company Wise says some of its customers' personal data may have been stolen in the recent data breach at Evolve Bank and Trust. The news highlights that the fallout from the Evolve data breach on third-party companies -- and their customers and users -- is still unclear, and it's likely that it includes companies and startups that are yet unknown.

In a statement published on its official website, Wise wrote that the company worked with Evolve from 2020 until 2023 "to provide USD account details." And given that Evolve was breached recently, "some Wise customers' personal information may have been involved." [...] So far, Affirm, EarnIn, Marqeta, Melio and Mercury -- all Evolve partners -- have acknowledged that they are investigating how the Evolve breach impacted their customers.

The Courts

'Roaring Kitty' Is Sued For Alleged GameStop Manipulation (reuters.com) 123

Keith Gill, the investor known as "Roaring Kitty" online, is being used by GameStop investors for helping spur the meme stock mania of 2021. The plaintiffs said they lost money through his "pump-and-dump" scheme, which led to a "short squeeze" that caused losses for hedge funds betting stock prices would fall. Reuters reports: A proposed class action accusing Gill of securities fraud was filed on Friday in the Brooklyn, New York federal court. Investors led by Martin Radev, who lives in the Las Vegas area, said Gill manipulated GameStop securities between May 13 and June 13 by quietly accumulating large quantities of stock and call options, and then dumping some holdings after emerging from a three-year social media hiatus. They said Gill's activities caused GameStop's share price to gyrate wildly, generating "millions of dollars" in profit for him at their expense. "Defendant still enjoys celebrity status and commands a following of millions through his social media accounts," the complaint said. "Accordingly, Defendant was well aware of his ability to manipulate the market for GameStop securities, as well as the benefits he could reap."

He had on May 12 posted a cryptic meme on the social media platform X that was widely seen as a bullish signal for GameStop, whose stock he cheerleaded in 2021. GameStop's share price more than tripled over the next two days, but gave back nearly all the gains by May 24. On June 2, Gill revealed that he owned 5 million GameStop shares and 120,000 call options, and on June 13 revealed he had shed the call options but owned 9 million GameStop shares. Investors said the truth about Gill's investing became known on June 3 when the Wall Street Journal wrote about the timing of his options trades and said the online brokerage E*Trade considered kicking him off its platform.

AI

Amazon, Built by Retail, Invests in Its AI Future (wsj.com) 26

An anonymous reader shares a report: Amazon built a $2 trillion company through years of aggressive spending on its retail and logistics businesses. Its future gains will likely be determined by the billions designated to fund its artificial-intelligence push. Amazon is planning to spend more than $100 billion over the next decade on data centers, an impressive level of investment even for a company known for its spending ways. The Seattle company is now devoting more investment money to its cloud computing and AI infrastructure than to its sprawling network of e-commerce warehouses.

Amazon Web Services, the arm that manages Amazon's cloud business, has opened data centers for years, but executives said there is a surge in investment now to meet demand triggered by the excitement around AI. "We have to dive in. We have to figure it out," said John Felton, who took over as AWS's chief financial officer this year after spending most of his career in Amazon's retail fulfillment operations. The company's financial commitment reflects the importance and high costs of AI. Felton said building for AI today feels like building that massive delivery network in years past. "It's a little uncertain," he said. AWS is expanding in Virginia, Ohio and elsewhere.

AI

Is AI's Demand for Energy Really 'Insatiable'? (arstechnica.com) 56

Bloomberg and The Washington Post "claim AI power usage is dire," writes Slashdot reader NoWayNoShapeNoForm. But Ars Technica "begs to disagree with those speculations."

From Ars Technica's article: The high-profile pieces lean heavily on recent projections from Goldman Sachs and the International Energy Agency (IEA) to cast AI's "insatiable" demand for energy as an almost apocalyptic threat to our power infrastructure. The Post piece even cites anonymous "some [people]" in reporting that "some worry whether there will be enough electricity to meet [the power demands] from any source." Digging into the best available numbers and projections available, though, it's hard to see AI's current and near-future environmental impact in such a dire light... While the headline focus of both Bloomberg and The Washington Post's recent pieces is on artificial intelligence, the actual numbers and projections cited in both pieces overwhelmingly focus on the energy used by Internet "data centers" as a whole...

Bloomberg asks one source directly "why data centers were suddenly sucking up so much power" and gets back a blunt answer: "It's AI... It's 10 to 15 times the amount of electricity." Unfortunately for Bloomberg, that quote is followed almost immediately by a chart that heavily undercuts the AI alarmism. That chart shows worldwide data center energy usage growing at a remarkably steady pace from about 100 TWh in 2012 to around 350 TWh in 2024. The vast majority of that energy usage growth came before 2022, when the launch of tools like Dall-E and ChatGPT largely set off the industry's current mania for generative AI. If you squint at Bloomberg's graph, you can almost see the growth in energy usage slowing down a bit since that momentous year for generative AI.

Ars Technica first cites Dutch researcher Alex de Vries's estimate that in a few years the AI sector could use between 85 and 134 TWh of power. But another study estimated in 2018 that PC gaming already accounted for 75 TWh of electricity use per year, while "the IEA estimates crypto mining ate up 110 TWh of electricity in 2022." More to the point, de Vries' AI energy estimates are only a small fraction of the 620 to 1,050 TWh that data centers as a whole are projected to use by 2026, according to the IEA's recent report. The vast majority of all that data center power will still be going to more mundane Internet infrastructure that we all take for granted (and which is not nearly as sexy of a headline bogeyman as "AI").
The future is also hard to predict, the article concludes. "If customers don't respond to the hype by actually spending significant money on generative AI at some point, the tech-marketing machine will largely move on, as it did very recently with the metaverse and NFTs..."
United States

Will a US Supreme Court Ruling Put Net Neutrality at Risk? (msn.com) 192

Today the Wall Street Journal reported that restoring net neutrality to America is "on shakier legal footing after a Supreme Court decision on Friday shifted power away from federal agencies." "It's hard to overstate the impact that this ruling could have on the regulatory landscape in the United States going forward," said Leah Malone, a lawyer at Simpson Thacher & Bartlett. "This could really bind U.S. agencies in their efforts to write new rules." Now that [the "Chevron deference"] is gone, the Federal Communications Commission is expected to have a harder time reviving net neutrality — a set of policies barring internet-service providers from assigning priority to certain web traffic...

The Federal Communications Commission reclassified internet providers as public utilities under the Communications Act. There are pending court cases challenging the FCC's reinterpretation of that 1934 law, and the demise of Chevron deference heightens the odds of the agency losing in court, some legal experts said. "Chevron's thumb on the scale in favor of the agencies was crucial to their chances of success," said Geoffrey Manne, president of the International Center for Law and Economics. "Now that that's gone, their claims are significantly weaker."

Other federal agencies could also be affected, according to the article. The ruling could also make it harder for America's Environmental Protection Agency to crack down on power-plant pollution. And the Federal Trade Commission face more trouble in court defending its recent ban on noncompete agreements. Lawyer Daniel Jarcho tells the Journal that the Court's decision "will unquestionably lead to more litigation challenging federal agency actions, and more losses for federal agencies."

Friday a White House press secretary issued a statement calling the court's decision "deeply troubling," and arguing that the court had "decided in the favor of special interests".
The Media

Citing 'Crisis' in Local Reporting, Associated Press Creates Sister Organization to Seek Grants (apnews.com) 25

Founded in 1846, the not-for-profit Associated Press distributes its news stories to other news outlets. But are free online sites putting those outlets at risk?

This week the Associated Press wrote that a "crisis" in local and state news reporting "shows little signs of abating" — and that it's now setting up "a sister organization that will seek to raise money" for those outlets. The organization, which will have a board of directors independent of the AP, will solicit philanthropic spending to boost this news coverage, both within the AP and through outside organizations, the news outlet said Tuesday. "We feel we have to lean in at this point, not pull back," said Daisy Veerasingham, the AP's president and CEO. "But the supporting mechanism — the local newspaper market that used to support this — can't afford to do that anymore." Veerasingham said she's been encouraged by preliminary talks with some funders who have expressed concern about the state of local journalism...

The local news industry has collapsed over the past two decades, with the number of journalists working in newspapers dropping from 75,000 to 31,000 in 2022, according to Northwestern University. More than half of the nation's counties have no local news outlets or only one.

The AP's CEO offered this succinct summary of their goal. "We want to add new products and services to help the industry."
IT

90 Workers Given a Choice: Relocate Across the US, or Leave the Company (businessinsider.com) 172

"The outdoor-apparel brand Patagonia has given 90 U.S. employees a choice," reports Business Insider: "tell the company by Friday that you're willing to relocate or leave your job." [Alternate URL here.] The employees all work in customer services, known at Patagonia as the customer-experience, or CX, team, and have been allowed to work remotely to field calls and inquiries. These workers received a text and email Tuesday morning about an "important" meeting... Two company executives, Amy Velligan and Bruce Old, told staff in a 15-minute video meeting that the team would be moving to a new "hub" model. CX employees are now expected to live within 60 miles of one of seven "hubs" — Atlanta; Salt Lake City; Reno, Nevada; Dallas; Austin; Chicago; or Pittsburgh. Workers were offered $4,000 toward relocation costs and extra paid time off. Those willing to relocate were told to do so by September 30.

If CX staff are not willing to live near a hub city, they must leave the company. They were given 72 hours, until Friday, to confirm their decision... Access to company laptops and phones was shut off later that day until employees either agreed to relocate or said they wanted the severance, one affected CX worker said...

Both employees who spoke to Business Insider believed this was because Patagonia didn't want to handle the increased demands of employees in states with higher costs of living. "We've been asking for raises for a long time, and they keep telling us that your wage is based on a Reno cost of living and where you choose to live is on you."

According to the article, "The company hopes to bring staff together at the hubs at least once every six weeks for in-person training, company gatherings, or 'Activism Hours'." A company spokesperson described the changes as "crucial for us to build a vibrant team culture," and said there were workers who had been complaining about feeling disconnected. Though there may be another motive: "The reality is that our CX team has been running at 200% to 300% overstaffed for much of this year," she added. "While we hoped to reach the needed staffing levels through attrition, those numbers were very low, and retention remained high."
One affected worker told Business Insider that the company's proposal "was very factual. If you don't live in these seven metro areas, you either need to move there or give us your stuff and hit the brick. If we don't respond by Friday, they will assume that we have chosen the severance package and we'll start that process."

One worker added that the severance package they received was generous...

Thanks to Slashdot reader NoWayNoShapeNoForm for sharing the article.
Toys

Lego Bricks Made From Meteorite Dust 3D Printed by Europe's Space Agency (engadget.com) 27

Lego teamed up with the European Space Agency to make Lego pieces from actual meteorite dust, writes Engadget.

"It's a proof of concept to show how astronauts could use moondust to build lunar structures." Consider the sheer amount of energy and money required to haul up building materials from Earth to the Moon. It would be a game changer to, instead, build everything from pre-existing lunar materials. There's a layer of rock and mineral deposits at the surface of the Moon, which is called lunar regolith...

However, there isn't too much lunar regolith here on Earth for folks to experiment with. ESA scientists made their own regolith by grinding up a really old meteorite. [4.5 billion years, according to Lego's site, discovered in Africa in 2000.] The dust from this meteorite was turned into a mixture that was used to 3D print the Lego pieces. Voila. Moon bricks. They click together just like regular Lego bricks, though they only come in one color (space gray obviously.)

"The result is amazing," says ESA Science Officer Aidan Cowley on the Lego site (though "the bricks may look a little rougher than usual. Importantly the clutch power still works, enabling us to play and test our designs.")

"Nobody has built a structure on the Moon," Cowley said in an ESA statement. "So it was great to have the flexibility to try out all kinds of designs and building techniques with our space bricks." And the bricks will also be "helping to inspire the next generation of space engineers," according to the ESA's announcement — since they'll be on display in select Lego stores in the U.S., Canada, the U.K., Spain, France, Germany, the Netherlands, and Australia through September 20th.
The Almighty Buck

Colorado's Universal Basic Income Experiment Gets Surprising Results (coloradosun.com) 370

In November of 2022, "More than 800 people were selected to participate in the Denver Basic Income Project," reports the Colorado Sun, "while they were living on the streets, in shelters, on friends' couches or in vehicles.

One group received $1,000 a month, according to the article, while a second group received $6,500 in the first month, and then $500 for the next 11 months. (And a "control" group received $50 a month.) Amazingly, about 45% of participants in all three groups "were living in a house or apartment that they rented or owned by the study's 10-month check-in point, according to the research." The number of nights spent in shelters among participants in the first and second groups decreased by half. And participants in those two groups reported an increase in full-time work, while the control group reported decreased full-time employment. The project also saved tax dollars, according to the report. Researchers tallied an estimated $589,214 in savings on public services, including ambulance rides, visits to hospital emergency departments, jail stays and shelter nights...

The study, which began in November 2022 with payments to the first group of participants, has been extended for an additional eight months, until September, and organizers are attempting to raise money to extend it further.

Crime

Nearly 4,000 Arrested In Global Police Crackdown On Online Scam Networks (therecord.media) 17

According to Interpol, nearly 4,000 people around the world have been arrested for a variety of online crimes, with $257 million in assets seized. The Record reports: The operation, dubbed First Light, was conducted by police officers from 61 countries and targeted phishing, investment fraud, fake online shopping sites, romance scams, and impersonation scams, according to a statement by Interpol. In addition to arresting thousands of potential cybercriminals, the police also identified over 14,600 other possible suspects across all continents.

During the searches, law enforcement seized suspects' real estate, high-end vehicles, expensive jewelry, and many other high-value items and collections. They also froze 6,745 bank accounts used for transferring money obtained through illegal operations. In one case, the police intercepted $331,000 gleaned from a business email compromise fraud involving a Spanish victim who unknowingly transferred money to someone in Hong Kong. In another case, authorities in Australia successfully recovered $3.7 million on behalf of an impersonation scam victim after the funds were fraudulently transferred to bank accounts in Malaysia and Hong Kong.

The criminal networks identified during the operation were spread around the globe. In Namibia, for example, the police rescued 88 local youths who were forced into conducting scams as part of a sophisticated international crime network, according to Interpol. Law enforcement from Singapore, Hong Kong, and China prevented an attempted tech support scam, saving a 70-year-old victim from losing $281,200 worth of savings.

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