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In a Cashless World, You'd Better Pray the Power Never Goes Out

Slashdot - Sun, 10/15/2017 - 05:54
schwit1 quotes the Mises Institue: When Hurricane Maria knocked out power in Puerto Rico, residents there realized they were going to need physical cash — and a lot of it. Bloomberg reported that the Fed was forced to fly a planeload of cash to the Island to help avert disaster. "William Dudley, the New York Fed president, put the word out within minutes, and ultimately a jet loaded with an undisclosed amount of cash landed on the stricken island. [Business executives in Puerto Rico] described corporate clients' urgent requests for hundreds of thousands in cash to meet payrolls, and the challenge of finding enough armored cars to satisfy endless demand at ATMs... As early as the day after the storm, the Fed began working to get money onto the island." For a time, unless one had a hoard of cash stored up in ones home, it was impossible to get cash at all. 85 percent of Puerto Rico is still without power... Bloomberg continues: "When some generator-powered ATMs finally opened, lines stretched hours long, with people camping out in beach chairs and holding umbrellas against the sun." In an earlier article from September 25, Bloomberg noted how, without cash, necessities were simply unavailable: "Cash only," said Abraham Lebron, the store manager standing guard at Supermax, a supermarket in San Juan's Plaza de las Armas. He was in a well-policed area, but admitted feeling like a sitting duck with so many bills on hand. "The system is down, so we can't process the cards. It's tough, but one finds a way to make it work."

Read more of this story at Slashdot.

Yellen Calls Inflation the 'Biggest Surprise' in the Economy - Bloomberg

Business News - Sun, 10/15/2017 - 05:45

Bloomberg

Yellen Calls Inflation the 'Biggest Surprise' in the Economy
Bloomberg
Federal Reserve Chair Janet Yellen said that the U.S. central bank expects to continue to raise interest rates gradually as solid growth, a strong labor market and a healthy global economy lift prices even as she recognized that inflation has been ...
Yellen sounds upbeat on economy, signaling likely rate hikeCNBC
Why Ben Bernanke is worriedWashington Post
Janet Yellen expects healthy inflation to returnKPRC Houston
Financial Times -The Hill (blog) -The Australian -Scoop.co.nz (press release) (blog)
all 32 news articles »

Take a look at the world's newest biggest cruise ship - Bradenton Herald

Business News - Sun, 10/15/2017 - 04:32

Bradenton Herald

Take a look at the world's newest biggest cruise ship
Bradenton Herald
Royal Caribbean International's new ship, Symphony of the Seas, will be an ode to the family vacation. The massive vessel will begin sailing from PortMiami in November 2018, carrying with it the title of biggest ship in the world and, inside it, a bevy ...
The World's Largest Cruise Ship Has Been Revealed—Here's What to ExpectCondé Nast Traveler
World's largest cruise ship has robot bartenders, 10-storey slideLivemint
World's largest cruise ship to feature seven different 'neighborhoods'Fox 32 Chicago
Cruise Fever -Verdict
all 56 news articles »

Microsoft Edge Beats Chrome and Firefox in Malware-Blocking Tests

Slashdot - Sun, 10/15/2017 - 03:49
An anonymous reader quotes Computerworld:Microsoft's Edge easily beat rival browsers from Google and Mozilla in third-party tests of the behind-the-scenes services which power anti-malware warnings and malicious website-blocking... NSS Labs says Windows 10's default browser is better at blocking phishing and socially-engineered malware attacks than Google Chrome or Mozilla Firefox... According to NSS Labs of Austin, Texas, Edge automatically blocked 92% of all in-browser credential phishing attempts and stymied 100% of all socially-engineered malware (SEM) attacks. The latter encompassed a wide range of attacks, but their common characteristic was that they tried to trick users into downloading malicious code. The tactics that SEM attackers deploy include links from social media, such as Facebook and Twitter, and bogus in-browser notifications of computer infections or other problems. Edge bested Chrome and Firefox by decisive margins. For instance, Chrome blocked 74% of all phishing attacks, and 88% of SEM attacks. Meanwhile, Firefox came in third in both tests, stopping just 61% of the phishing attacks and 70% of all SEM attempts... Both Chrome and Mozilla's Firefox rely on the Safe Browsing API (application programing interface), but historically, Mozilla's implementation has performed poorly compared to Google's. No shock: Google created the API. Edge also took top prize in blocking attacks from the get-go. In NSS's SEM attack testing, for example, the Microsoft browser stopped nearly every attempt from the first moments a new attack was detected. Chrome and Firefox, on the other hand, halted 75% and 54% of the brand-new attacks, respectively. Over a week's time, Chrome and Firefox improved their blocking scores, although neither reached Edge's impressive 99.8%. The researchers spent three weeks continuously monitoring the browsers on Windows 10 computers. But in the real world, Edge runs on just 5% of all personal computers, while Firefox runs on 13% and Chrome on 60%.

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Cities throw themselves at Amazon as deadline looms - The Hill

Business News - Sun, 10/15/2017 - 03:30

The Hill

Cities throw themselves at Amazon as deadline looms
The Hill
Cities across the country are racing to win the affections of Amazon as it seeks a home for what could be the largest corporate relocation project in modern history. The project, Amazon's new HQ2, has city officials salivating over the chance to ...
Commentary: Amazon wants its HQ2 in utopia — and tax breaks, tooMyStatesman.com
The perils of chasing big fishGreenville Daily Reflector

all 5 news articles »

Saudi Aramco said its flotation remains on track for 2018 - BBC News

Business News - Sun, 10/15/2017 - 02:25

BBC News

Saudi Aramco said its flotation remains on track for 2018
BBC News
Saudi Aramco has insisted that its plans for what is likely to be the world's biggest stock market listing remain on track. There are reports Aramco might shelve the initial public offering (IPO) in favour of private share placings. But the state-owned ...
Saudis Consider Delaying Foreign Part of Aramco IPOBloomberg
Saudi Aramco in stake sale talks with Chinese investor - sourcesReuters
Sunday newspaper round-up: Saudi Aramco, IMF, new pound coins, Bank of England, EDFDIGITALLOOK
MarketWatch -Financial Times -CNBC -Seeking Alpha
all 137 news articles »

SUSE Shares Linux-Themed Music Video Parodies

Slashdot - Sat, 10/14/2017 - 23:44
Long-time Slashdot reader troublemaker_23 quotes ITWire: German Linux company SUSE Linux is well-known for its Linux and other open source solutions. It is also known for producing videos for geeks and debuting them at its annual SUSECon conference. This year, in Prague, was no different. The company, which marked its 25th year on 2 September, came up with two videos, one to mark the occasion and the other all about Linux and open source. Both videos are parodies of well-known songs: the video Linus Said is based on "Momma Said", while 25 Years is a parody of "7 Years". Some of the lyrics in both SUSE videos would be meaningless to the average person -- but every word will ring a bell, sometimes a very poignant one, with geeks. And that's the primary audience it targets. The article embeds both videos -- and also links to the music videos they're parodying. And it includes links to SUSE's two previous annual music video parodies -- Uptime Funk (based on Bruno Mars' blockbuster hit "Uptown Funk"), and Can't Stop the SUSE, a parody of Justin Timberlake's "Can't Stop the Feeling".

Read more of this story at Slashdot.

IMF chief says Indian economy on 'solid track' - The Indian Express

Business News - Sat, 10/14/2017 - 23:06

The Indian Express

IMF chief says Indian economy on 'solid track'
The Indian Express
IMF chief Christine Lagarde described demonetisation and the rolling out of GST as a "monumental effort" and said it is hardly surprising that here "is a little bit of a short-term slowdown" as a result. 832. Shares. Share. By: Express Web Desk | New ...
Improving world economy still needs help from low ratesWashington Post
No room for complacency, global economic recovery incomplete: IMFCDeccan Chronicle
US-world divide spills out at IMF-World Bank meetingsGeo News, Pakistan
The Hindu -Business Standard -Sputnik International -Jakarta Post
all 84 news articles »

Tesla Inc. fires several hundred - Boston Herald

Business News - Sat, 10/14/2017 - 20:26

Boston Herald

Tesla Inc. fires several hundred
Boston Herald
LOFTY GOAL: Despite cutting several hundred workers after performance reviews, Tesla CEO Elon Musk is aiming to make 500,000 electric cars next year. comments. SAN FRANCISCO — Tesla Inc. fired hundreds of workers after completing its annual ...
Report: Tesla Fires Hundreds Of WorkersNasdaq
Tesla Inc. - TSLA - Stock Price Today - ZacksZacks Investment Research
Tesla fires hundreds after company-wide performance reviewsThe Mercury News

all 434 news articles »

Ask Slashdot: How Can You Apply For A Job When Your Code Samples Suck?

Slashdot - Sat, 10/14/2017 - 19:39
An anonymous Slashdot reader ran into a problem when looking for a new employer: Most ask for links to "recent work" but the reason I'm leaving my current job is because this company doesn't produce good code. After years of trying to force them to change, they have refused to change any of their poor practices, because the CTO is a narcissist and doesn't recognize that so much is wrong. I have written good code for this company. The problem is it is mostly back-end code where I was afforded some freedom, but the front-end is still a complete mess that doesn't reflect any coherent coding practice whatsoever... I am giving up on fixing this company but finding it hard to exemplify my work when it is hidden behind some of the worst front-end code I have ever seen. Most job applications ask for links to live code, not for code samples (which I would more easily be able to supply). Some of the websites look okay on the surface, but are one right click -> inspect element away from giving away the mess; most of the projects require a username and password to login as well but account registration is not open. So how do I reference my recent work when all of my recent work is embarrassing on the front-end? The original submission's title asked what to use for work samples "when the CTO has butchered all my work." Any suggestions? Leave your best thoughts in the comments. How can you apply for a job when your code samples suck?

Read more of this story at Slashdot.

Cord-Cutters Drive Cable TV Subscribers to a 17-Year Low

Slashdot - Sat, 10/14/2017 - 17:34
An anonymous reader quotes the Washington Post: On Wednesday, AT&T told regulators that it expects to finish the quarter with about 90,000 fewer TV subscribers than it began with. AT&T blamed a number of issues, including hurricane damage to infrastructure, rising credit standards and competition from rivals. The report also shows AT&T lost more traditional TV customers than it gained back through its online video app, DirecTV Now. And analysts are suggesting that that's evidence that cord-cutting is the main culprit... "DirecTV, like all of its cable peers, is suffering from the ravages of cord-cutting," said industry analyst Craig Moffett in a research note this week. Moffett added that while nobody expected AT&T's pay-TV numbers to look good, hardly anyone could have predicted they would look "this bad." The outlook doesn't look much healthier for the rest of the television industry. Over the past year, cable and satellite firms have collectively lost nearly 3 million customers, according to estimates by market analysts at SNL Kagan and New Street Research. The number of households with traditional TV service is hovering at about the level it was in 2000, according to New Street's Jonathan Chaplin, in a study last week. Other analysts predict that, after factoring in AT&T's newly disclosed losses, the industry will have lost 1 million traditional TV subscribers by the end of this quarter.

Read more of this story at Slashdot.

Not Just Equifax. Rival Site Transunion Served Malware Too -- and 1,000 More Sites

Slashdot - Sat, 10/14/2017 - 15:34
An anonymous reader quotes Ars Technica: Equifax isn't the only credit-reporting behemoth with a website redirecting visitors to fake Adobe Flash updates. A security researcher from AV provider Malwarebytes said transunioncentroamerica.com, a TransUnion site serving people in Central America, [was] also sending visitors to the fraudulent updates and other types of malicious pages... Malwarebytes security researcher Jerome Segura says he was able to repeatedly reproduce a similar chain of fraudulent redirects when he pointed his browser to the transunioncentroamerica.com site. On some occasions, the final link in the chain would push a fake Flash update. In other cases, it delivered an exploit kit that tried to infect computers with unpatched browsers or browser plugins... "This is not something users want to have," Segura told Ars... Equifax on Thursday was quick to say that its systems were never compromised in the attacks. TransUnion said much the same thing. This is an important distinction in some respects because it means that the redirections weren't the result of attackers having access to restricted parts of either company's networks. At the same time, the incidents show that visitors to both sites remain much more vulnerable to malicious content than they should be. Both sites hosted fireclick.js, an old script from a small web analytics company which pulls pages from sites like Akamai, SiteStats.info, and Ostats.net. "It appears that attackers have compromised the third-party library," writes BankInfoSecurity, adding that Malwarebytes estimates over a 1,000 more sites are using the same library.

Read more of this story at Slashdot.

8.5-Ton Chinese Space Station Will Crash To Earth In a Few Months

Slashdot - Sat, 10/14/2017 - 14:34
dryriver writes: China launched a space laboratory named Tiangong 1 into orbit in 2011. The space laboratory was supposed to become a symbol of China's ambitious bid to become a space superpower. After two years in space, Tiangong 1 started experiencing technical failure. Last year Chinese officials confirmed that the space laboratory had to be scrapped. The 8.5 ton heavy space laboratory has begun its descent towards Earth and is expected to crash back to Earth within the next few months. Most of the laboratory is expected to burn up in earth's atmosphere, but experts believe that pieces as heavy as 100 kilograms (220 pounds) may survive re-entry and impact earth's surface. Nobody will be able to predict with any precision where those chunks of space laboratory will land on Earth until a few hours before re-entry occurs. The chance that anyone would be harmed by Tiangong-1's debris is considered unlikely. When NASA's SkyLab fell to earth in 1979, an Australian town fined them $400 -- for littering.

Read more of this story at Slashdot.

Ransomware Sales On the Dark Web Spike 2,502% In 2017

Slashdot - Sat, 10/14/2017 - 13:34
Slashdot reader rmurph04 writes: Ransomware is a $6.2 million industry, based on sales generated from a network of more than 6,300 Dark Web marketplaces that sell over 45,000 products, according to a report released Wednesday by cybersecurity firm Carbon Black. While the authors of the software are earning six-figure incomes, ransom payments totalled $1 billion in 2016, according to FBI estimates -- up from just $24 million in 2015. Carbon Black, which was founded by former U.S. government "offensive security hackers," argues that ransomware's growth has been aided by "the emergence of Bitcoin for ransom payment, and the anonymity network, Tor, to mask illicit activities.. Bitcoin allows money to be transferred in a way that makes it nearly impossible for law enforcement to 'follow the money.'"

Read more of this story at Slashdot.

What Will Replace Computer Keyboards?

Slashdot - Sat, 10/14/2017 - 12:34
jeffengel writes:Computer keyboards will be phased out over the next 20 years, and we should think carefully about what replaces them as the dominant mode of communicating with machines, argues Android co-founder Rich Miner. Virtual reality technology and brain-computer links -- whose advocates include Elon Musk -- could lead to a "dystopian" future where people live their lives inside of goggles, or they jack directly into computers and become completely "de-personalized," Miner worries. He takes a more "humanistic" view of the future of human-machine interfaces, one that frees us to be more expressive and requires computers to communicate on our level, not the other way around. That means software that can understand our speech, facial expressions, gestures, and handwriting. These technologies already exist, but have a lot of room for improvement. One example he gives is holding up your hand to pause a video.

Read more of this story at Slashdot.

How Open Source Software Helps The Federal Reserve Bank of New York

Slashdot - Sat, 10/14/2017 - 11:34
Long-time Slashdot reader Esther Schindler quotes Hewlett Packard Enterprise: When you handle trillions of dollars a year in transactions and manage the largest known vault of gold in the world, security and efficiency are top priorities. Open source reusable software components are key to the New York Fed's successful operation, explains Colin Wynd, vice president and head of the bank's Common Service Organization... The nearly 2,000 developers across the Federal Reserve System used to have a disparate set of developer tools. Now, they benefit from a standard toolset and architecture, which also places limits on which applications the bank will consider using. "We don't want a third-party application that isn't compatible with our common architecture," said Wynd. One less obvious advantage to open source adoption is in career satisfaction and advancement. It gives developers opportunities to work on more interesting applications, said Wynd. Developers can now take on projects or switch jobs more easily across Federal Reserve banks because the New York Fed uses a lot of common open source components and a standard tool set, meaning retraining is minimal if needed at all." Providing training in-house also creates a more consistent use of best practices. "Our biggest headache is to prove to groups that an application is secure, because we have to defend against nation state attacks."

Read more of this story at Slashdot.

Oil spills into Gulf of Mexico after underwater pipe bursts - The Daily Advertiser (blog)

Business News - Sat, 10/14/2017 - 11:09

The Daily Advertiser (blog)

Oil spills into Gulf of Mexico after underwater pipe bursts
The Daily Advertiser (blog)
NEW ORLEANS - Federal authorities are responding to an oil spill off the coast of Louisiana. The Bureau of Safety and Environmental Enforcement said in a news release Friday that oil spewed out of an underwater fractured pipe in the Gulf of Mexico ...

and more »

Oil spills into Gulf of Mexico after underwater pipe bursts off coast of Louisiana - Chicago Tribune

Business News - Sat, 10/14/2017 - 10:51

WEAR

Oil spills into Gulf of Mexico after underwater pipe bursts off coast of Louisiana
Chicago Tribune
The U.S. Coast Guard is responding to an oil spill off the coast of Louisiana. The Bureau of Safety and Environmental Enforcement said in a news release Friday that oil spewed out of an underwater fractured pipe in the Gulf of Mexico about 40 miles ...
Coast Guard responds to oil spill off Louisiana coastThe Hill (blog)
Agencies responding to offshore oil spill reported on FridayThe Advocate
Almost 400000 gallons of oil spilled into Gulf of MexicoThe Sun Herald
NOLA.com
all 116 news articles »

Startup Plans To Clean Up Cigarette Butts Using Crows

Slashdot - Sat, 10/14/2017 - 10:34
AmiMoJo writes: A startup in the Netherlands is developing the "Crowbar," a bird feeder that takes discarded cigarette butts as payment for dispensing food. A camera recognises cigarette filters and rejects any other objects placed in the Crowbar. The idea isn't entirely original, a gentleman in the US has already built a similar device and trained crows to deposit coins. The hope is that crows will be able to keep cities clean, sort through refuse and perform other tasks for our mutual benefit. Popular Mechanics notes that crows "are some of the smartest animals in the world," suggesting this means "we could harness their abilities for the greater good of our planet."

Read more of this story at Slashdot.

La Guardia Airport Terminal Partially Evacuated After Bomb Threat - New York Times

Business News - Sat, 10/14/2017 - 10:01

New York Times

La Guardia Airport Terminal Partially Evacuated After Bomb Threat
New York Times
La Guardia airport. A disgruntled customer claimed to have a bomb in his bag, causing hours of delays on Saturday. Credit Karsten Moran for The New York Times. A disgruntled customer prompted a partial shutdown of a terminal at La Guardia Airport on ...
Bomb Threat Forces Partial LaGuardia EvacuationTravelPulse
Man arrested after making bomb threat, leaving package at LaGuardia AirportNew York's PIX11 / WPIX-TV
Concourses Shut Down, Flights Disrupted At LaGuardia After Man Allegedly Says There's Bomb In LuggageCBS New York
Evening Standard -Fox5NY -Newburgh Gazette -Fortune
all 36 news articles »
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