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Melvin Capital, the hedge fund run by Gabe Plotkin that struggled with heavy losses last year as it reeled from wrong-way bets on GameStop, is shutting down, according to a letter sent to investors on Wednesday that was reviewed by The New York Times. From the report: Mr. Plotkin wrote to his investors that he had decided that the "appropriate next step" was to liquidate the fund's assets and return cash to all investors. Mr. Plotkin, who founded Melvin in 2014, also wrote that he recognized he needed to "step away from managing external capital." Mr. Plotkin, a protege of the hedge fund billionaire and New York Mets owner Steven A. Cohen, had wagered that shares GameStop, AMC Entertainment and other mall mainstays from the 1990s would fall as their businesses shrank. Instead, the stocks skyrocketed when amateur investors, coordinating via Reddit, Twitter and other social media sites and determined to outsmart big Wall Street funds, kept buying up shares and propping up their price. That caused Melvin, which started 2021 with more than $12 billion, to lose 53 percent in January, forcing it to scramble to cover its so-called short positions. It was propped up by a $2.75 billion bailout from the hedge funds Point72, run by Mr. Cohen, and Citadel, as well as fresh capital from new investors.Read more of this story at Slashdot.

The Biden administration has charged the Federal Communications Commission with prohibiting digital discrimination -- but without a third Democratic commissioner to break the agency's partisan deadlock, those plans are in trouble. From a report: One of President Biden's key domestic priorities, improving internet access and affordability, can't advance unless the Senate confirms his FCC nominee. The Federal Communications Commission has been deadlocked at 2 Democrats and 2 Republicans since Biden took office, and his nominee for the third seat, Gigi Sohn, has been awaiting a Senate vote for months amid Republican opposition. The agency is required by the Infrastructure Investment and Jobs Act to craft rules preventing digital discrimination on broadband access. The rules would prohibit internet service providers such as Comcast or Verizon from deployment discrimination based on the income level or predominant race or ethnicity of the people living in an area. A 2020 study of internet access in Oakland, Calif., found that areas that were redlined by banks in the past -- denied loans or investment -- now have less ISP competition and fiber-based services than their wealthier counterparts. FCC Chairwoman Jessica Rosenworcel launched an inquiry in March, with support from the agency's Republicans, on how to create rules preventing digital discrimination and facilitating equal access to high-speed internet. A major question is how the agency will interpret a part of the law that says the rules should take into account issues of "technical and economic feasibility."Read more of this story at Slashdot.

The 5th Circuit Court of Appeals has ruled the Securities and Exchange Commission (SEC) is denying defendants their constitutional right to a jury trial by putting them in front of its own internal judges. From a report: In a 2-1 ruling, the court ruled for George Jarkesy and Patriot28 LLC, who sued the SEC in 2011 after the agency imposed a $300,000 fine and other punishments in a securities fraud case. Judge Jennifer Walker Elrod wrote in the majority opinion that the SEC violated the Seventh Amendment's right to a jury trial by bringing defendants before in-house judges and allowing the agency to "act as both prosecutor and judge." Congress also unconstitutionally delegated power to the SEC to act as a legislative body, Elrod wrote. "'We the People' are the fountainhead of all government power. Through the Constitution, the people delegated some of that power to the federal government so that it would protect rights and promote the common good," Elrod said. "But that accountability evaporates if a person or entity other than Congress exercises legislative power." In a dissenting opinion, Judge Eugene Davis disagreed, saying the right to a jury trial did not pertain to administrative proceedings and that the SEC was enforcing laws and statutes in the public interest.Read more of this story at Slashdot.

Microsoft is adding an optional web search to the Windows 11 desktop in the operating system's latest Insider Preview Build. From a report: The company describes the feature as "lightweight interactive content" -- the first, it says, of many such tools it's considering adding to Windows 11 -- but let's call the thing what it really is: a widget. Not everyone signed up to the latest Windows 11 preview build will see the new search box, but anyone who does and doesnâ(TM)t like it can disable the feature by right-clicking on the desktop, selecting "Show more options," and then toggling "Show search." If you are running the latest preview build, you'll also have to restart your computer to give the search box a chance to show up.Read more of this story at Slashdot.

An anonymous reader shares a report: Humaira Asghar, known as "Dolly" to her 11.5 million TikTok fans, faces charges for allegedly setting a forest fire while shooting a TikTok video in Pakistan's capital city Islamabad. In the 11-second clip that has since been taken down, Asghar dramatically walks down a forested hill covered in flames in slow motion with a trending pop song that mentions "setting fire" playing in the background. The caption posted with the video shot in the Margalla Hills National Park reads, "fire erupts wherever I am." Asghar is not the only Pakistani TikToker who has been accused of setting a forest fire for views. Officials say it is an emerging trend in a country that is suffering from a record-breaking heatwave. "Young people desperate for followers are setting fire to our forests during this hot and dry season," tweeted Islamabad Wildlife Management Board chairperson Rina S Khan Satti. "These psychotic young people have to be caught and put behind bars immediately." Earlier this month, a man in Abbottabad city was arrested for intentionally starting a forest fire to use as a backdrop in his video. In another recently released video, two men are seen appearing to start a forest fire then running away from it while music plays in the background.Read more of this story at Slashdot.

An anonymous reader quotes a report from NewsNation: Blackouts could plague a number of states in the U.S. this summer, regulators warn, as a combination of drought, heat, potential cyber attacks, geopolitical conflicts and supply chain problems could disrupt the power supply, according to a grim new report (PDF) from the North American Electric Reliability Corporation (NERC). The regulatory body found that large swathes of the U.S. and parts of Canada are at an elevated or high risk of energy shortfalls during the summer's hottest months. The Midwest is at especially high risk due to the retirement of older plants, which has caused a 2.3% decrease in capacity from last summer, as well as increased demand, according to NERC. In the Southwest, plummeting river levels may cripple hydropower production, the group warned, and in Texas drought-related heat events could cause extreme energy demand. A NERC map shows all states in the western half of the continental U.S., including North Dakota, South Dakota, Nebraska, Kansas, Oklahoma and Texas are at least under elevated risk of energy shortfalls, with parts of the northeastern-most states under high risk. Many states under the Midcontinent Independent System Operator (MISO), such as Arkansas, Louisiana, Michigan, Wisconsin, Iowa, Minnesota, Iowa, Illinois and Indiana are either entirely or partly at high risk. "Industry prepares its equipment and operators for challenging summer conditions. Persistent, extreme drought and its accompanying weather patterns, however, are out-of-the-ordinary and tend to create extra stresses on electricity supply and demand," said Mark Olson, NERC's manager of Reliability Assessments. "Grid operators in affected areas will need all available tools to keep the system in balance this summer."Read more of this story at Slashdot.

The engineering team with NASA's Voyager 1 spacecraft is trying to solve a mystery: The interstellar explorer is operating normally, receiving and executing commands from Earth, along with gathering and returning science data. But readouts from the probe's attitude articulation and control system (AACS) don't reflect what's actually happening onboard. NASA's Jet Propulsion Laboratory reports: The AACS controls the 45-year-old spacecraft's orientation. Among other tasks, it keeps Voyager 1's high-gain antenna pointed precisely at Earth, enabling it to send data home. All signs suggest the AACS is still working, but the telemetry data it's returning is invalid. For instance, the data may appear to be randomly generated, or does not reflect any possible state the AACS could be in. The issue hasn't triggered any onboard fault protection systems, which are designed to put the spacecraft into "safe mode" -- a state where only essential operations are carried out, giving engineers time to diagnose an issue. Voyager 1's signal hasn't weakened, either, which suggests the high-gain antenna remains in its prescribed orientation with Earth. The team will continue to monitor the signal closely as they continue to determine whether the invalid data is coming directly from the AACS or another system involved in producing and sending telemetry data. Until the nature of the issue is better understood, the team cannot anticipate whether this might affect how long the spacecraft can collect and transmit science data. Voyager 1 is currently 14.5 billion miles (23.3 billion kilometers) from Earth, and it takes light 20 hours and 33 minutes to travel that difference. That means it takes roughly two days to send a message to Voyager 1 and get a response -- a delay the mission team is well accustomed to.Read more of this story at Slashdot.

The American Institute of Physics reports via Phys.Org: In Physics of Fluids, researchers from the University of Nicosia in Cyprus assessed the potential impact of a rocket launch on atmospheric pollution by investigating the heat and mass transfer and rapid mixing of the combustion byproducts for altitudes up to 67 kilometers into the atmosphere. The team modeled the exhaust gases and developing plume at several altitudes along a typical trajectory of a standard present-day rocket. They did this as a prototypical example of a two-stage rocket to transport people and payloads into Earth's orbit and beyond. The researchers found the production of thermal nitrogen oxides (NOx), components of the combustion exhaust, can remain high up to altitudes with an ambient atmospheric pressure above or even slightly below the nozzles' exit pressure, i.e., below an altitude of approximately 10 km. At the same time, the emitted mass of carbon dioxide as the rocket climbs 1 kilometer in altitude in the mesosphere is equivalent to that contained in 26 cubic kilometers of atmospheric air at the same altitude. They found the impact on the atmosphere locally and momentarily in the mesosphere can be significant. While air currents will gradually transport and mix the exhaust CO2 throughout the atmosphere, eventually bringing the CO2 back down to its naturally occurring levels, the time scale over which this happens is not clear. The scientists believe a certain number of rocket launches might still exist above which mesospheric carbon dioxide could accumulate over time, thus increasing the naturally occurring levels and affecting our climate. Their results suggest that in the worst-case scenario, sufficient NOx could be produced over the time it takes the rocket to reach an altitude of 10 kilometers to pollute over 2 cubic kilometers of atmospheric air with a NOx concentration that, according to the World Health Organization, would be at a level hazardous to human health.Read more of this story at Slashdot.

An anonymous reader quotes a report from Ars Technica: When you use your phone to unlock a Tesla, the device and the car use Bluetooth signals to measure their proximity to each other. Move close to the car with the phone in hand, and the door automatically unlocks. Move away, and it locks. This proximity authentication works on the assumption that the key stored on the phone can only be transmitted when the locked device is within Bluetooth range. Now, a researcher has devised a hack that allows him to unlock millions of Teslas -- and countless other devices -- even when the authenticating phone or key fob is hundreds of yards or miles away. The hack, which exploits weaknesses in the Bluetooth Low Energy standard adhered to by thousands of device makers, can be used to unlock doors, open and operate vehicles, and gain unauthorized access to a host of laptops and other security-sensitive devices.[...][The] attack uses custom software and about $100 worth of equipment. [Sultan Qasim Khan, a principal security consultant and researcher at security firm NCC Group] has confirmed it works against the Tesla Model 3 and Model Y and Kevo smart locks marketed under the Kwikset and Weiser brand names. But he says virtually any BLE device that authenticates solely on proximity -- as opposed to also requiring user interaction, geolocation querying, or something else -- is vulnerable. "The problem is that BLE-based proximity authentication is used in places where it was never safe to do so," he explained. "BLE is a standard for devices to share data; it was never meant to be a standard for proximity authentication. However, various companies have adopted it to implement proximity authentication." Because the threat isn't caused by a traditional bug or error in either the Bluetooth specification or an implementation of the standard, there's no CVE designation used to track vulnerabilities. Khan added: "In general, any product relying on BLE proximity authentication is vulnerable if it does not require user interaction on the phone or key fob to approve the unlock and does not implement secure ranging with time-of-flight measurement or comparison of the phone/key fob's GPS or cellular location relative to the location of the device being unlocked. GPS or cellular location comparison may also be insufficient to prevent short distance relay attacks (such as breaking into a home's front door or stealing a car from the driveway, when the owner's phone or key fob is inside the house)." There's a few countermeasures one can take to mitigate this attack. "One mechanism is to check the location of the authenticating device to ensure that it is, in fact, physically close to the locked car or other device," reports Ars. "Another countermeasure is to require the user to provide some form of input to the authenticating device before it's trusted." The phone's accelerometer could also be used to measure its movements. The advisories published by NCC Group can be found here, here, and here.Read more of this story at Slashdot.

The winner of this year's MIT $100K Entrepreneurship Competition is commercializing a new water desalination technology. MIT News reports: Nona Desalination says it has developed a device capable of producing enough drinking water for 10 people at half the cost and with 1/10th the power of other water desalination devices. The device is roughly the size and weight of a case of bottled water and is powered by a small solar panel. The traditional approach for water desalination relies on a power-intensive process called reverse osmosis. In contrast, Nona uses a technology developed in MIT's Research Laboratory of Electronics that removes salt and bacteria from seawater using an electrical current. "Because we can do all this at super low pressure, we don't need the high-pressure pump [used in reverse osmosis], so we don't need a lot of electricity," says Crawford, who co-founded the company with MIT Research Scientist Junghyo Yoon. "Our device runs on less power than a cell phone charger." The company has already developed a small prototype that produces clean drinking water. With its winnings, Nona will build more prototypes to give to early customers. The company plans to sell its first units to sailors before moving into the emergency preparedness space in the U.S., which it estimates to be a $5 billion industry. From there, it hopes to scale globally to help with disaster relief. The technology could also possibly be used for hydrogen production, oil and gas separation, and more.Read more of this story at Slashdot.

Older TikTok users are using the online platform, regarded as the virtual playground of teenagers, to defy ageist stereotypes of elderly people as technophobic and frail. The Guardian reports: Research has found increasing numbers of accounts belonging to users aged 60 and older with millions of followers. Using the platform to showcase their energy and vibrancy, these TikTok elders are rewriting expectations around how older people should behave both on and off social media. "These TikTok elders have become successful content creators in a powerful counter-cultural phenomenon in which older persons actually contest the stereotypes of old age by embracing or even celebrating their aged status," said Dr Reuben Ng, the author of the paper Not Too Old for TikTok: How Older Adults are Reframing Ageing, and an assistant professor at Yale University. Interestingly, said Ng, most TikTok elders are women who "fiercely resist common stereotypes of older women as passive, mild-mannered and weak, instead opting to present themselves as fierce or even foul-mouthed," he said. [...] The paper looked at 1,382 videos posted by TikTok users who were aged 60 or older and had between 100,000 and 5.3 million followers. In total, their videos, all of which explicitly discussed their age, had been viewed more than 3.5 billion times. Ng found that 71% of these videos -- including those from accounts such as grandadjoe1933, who has 5.3 million followers, and dolly_broadway, who has 2.4 million followers -- were used to defy age stereotypes. A recurring motif was the "glamma", a portmanteau combining "glamorous" and "grandma", with videos including those of a 70-year-old woman joyfully parading around the streets in a midriff-bearing top. Almost one in five of the videos analyzed made light of age-related vulnerabilities, and one in 10 called out ageism among both younger people and their own contemporaries. Other videos positioned older users as superior to younger people. "I may be 86 but I can still drink more than you lightweights" says one clip. "I may be 86 but I can still twerk better than you," says another, showing an octogenarian leaping up from a fall down the stairs with a twerk.Read more of this story at Slashdot.

Netflix lost 200,000 subscribers last quarter and potentially two million this current period, according to a note to shareholders from last month. Now, new research highlights that the number of long-standing subscribers canceling Netflix rose precipitously in the past few years. 9to5Mac reports: The data provided by the research firm Antenna to The Information shows that people who had been subscribers for more than three years accounted for just 5% of total cancelations at the start of 2022, while it hit 13% in the first quarter of 2022: "Newbie subscribers, meantime, accounted for only 60% of cancellations in the quarter, down from 64% in the fourth quarter. Also in the first quarter, overall cancellations rose to 3.6 million people, compared with around 2.5 million in each of the preceding five quarters. Antenna says it draws its data from a panel of 5 million Americans who anonymously contribute their streaming subscriptions." While Netflix is losing ground, the streaming market as a whole is gaining more subscribers, and Antenna's data suggest a connection between the price increase and Netflix's subscriber losses: "'Consumers vote with their wallets on a monthly basis, and now there are just more viable candidates on the ballot,' said Brendan Brady, media and entertainment lead at Antenna. Also, since many entertainment companies, like NBCUniversal and Disney, have pulled their shows off Netflix and put them on their own services, Netflix has had to rely more on its originals, which have been hit or miss, he said."Read more of this story at Slashdot.

An anonymous reader quotes a report from Gizmodo: One of Apple's highest-profile return-to-office detractors reportedly landed a new gig at Alphabet's DeepMind, marking the latest drama over Big Tech's remote work scuffles. That move, ironically, comes right around the same time Apple decided to walk back its most recent return-to-office push. In an internal memo viewed by Bloomberg Tuesday, the company said it will delay its three-day in-office work requirement set to take effect on May 23. The memo reportedly cited the recent uptick in covid-19 cases for the delay and didn't provide any hard date for when they'd try again. Apple workers are still required to work in the office two days per week and will now have to wear masks in common areas. At the same time, Ian Goodfellow, Apple's former Director of Machine Learning, who dramatically left the company at least in part over its remote work restrictions, will reportedly join Alphabet's DeepMind. Sources told Bloomberg Goodfellow will join DeepMind as an "individual contributor." He had previously worked as a senior researcher at Google back in 2019. That job switch marks a major blow for Apple, a company that's struggled to appease workers at odds with its return to work strategy. Goodfellow, who's the most senior member known to have jumped ship over remote work so far, reportedly addressed the issue directly in a note to staff obtained by The Verge's Zoe Schiffer. "I believe strongly that more flexibility would have been the best policy for my team," Goodfellow reportedly wrote. The report notes that Alphabet hasn't fully embraced a remote-first office either, "thought previous reports suggest Google more regularly approves remote requests [than Apple]." As office returns accelerate, many workers are willing to give up their jobs over workplace flexibility. According to a survey of 1,000 U.S. adults last year, 39% said they "would consider quitting if their employers weren't flexible about remote work." That figure was 49% among millennials and Gen Z.Read more of this story at Slashdot.

A recent cybersecurity report shows how immensely idiotic many CEOs and business owners can be, considering the strength of their chosen account passwords. PC Gamer reports: The research comes from NordPass password manager which identified back in 2020 that the general public's most commonly used passwords were sequential numbers like '123456', 'picture1', and yep, you guessed it: 'password'. The more recent research sample consists of 290 million cybersecurity data breaches around the globe, and denotes the job level of those affected. Turns out, when it comes to CEOs and other high-ranking businesses execs, their password choices are much the same as the general public, although many often feature names. Tiffany was spotted in 100,534 breaches; then there was Charlie with 33,699; Michael was found 10,647 times; and Jordan, 10,472 times. The report also ranks mythical creatures and animals as some of the top passwords to have been cracked in data breaches. 'Dragon' was spotted 11,926 times, and 'monkey' comes in at 11,675. I spoke to IT support engineer Ash Smith, who recommends that companies should consider handing out randomly generated passwords as new accounts are created. "Arguably the strongest passwords are 3 random words, something that you can make a story about in your head to help you remember," he says.Read more of this story at Slashdot.

Over the past few weeks, Google Messages users in India have been reporting more and more ads showing up through RCS messaging. 9to5Google reports: While many brands -- even in the US and other countries -- have used messaging apps and SMS texts to advertise new products to former customers, these ads going on in India are not necessarily the result of a user's buying activity. Business messaging on RCS, as Google's Jibe website points out, is supposed to be used for things such as sending copies of your travel tickets or sending links for buying additional products based on a past purchase based on a user's request. [...] That is very much not what is happening in India right now. Brought to our attention by Ishan Argwal on Twitter, RCS ads in Google Messages appear to be coming from "Verified Business" accounts. Google first announced that functionality back in 2020, for the purposes of allowing customers to talk to businesses. Advertising was surely part of the functionality, but it's clearly being abused in India. Android Police says these ads have been going out for almost a year now, citing examples of ads sent by Kotak Mahindra Bank, Bajaj Finserv, Buddy Loan, and PolicyBazaar. From what we can tell from user reports, it appears the frequency of these ads has been picking up over the past few months especially. These ads are not harmless, either, with many of the examples we've seen being for personal loans, a category that tends to be full of predatory practices. One user reports that they were sent one of these ads on a phone that didn't even have an active SIM card in it. Currently, it seems as though this practice is primarily happening in the Indian market, at least in this quantity. What can be done about these ads in Google Messages? The solutions are all not quite ideal, unfortunately. You can report these businesses and block them from sending future messages [...]. Alternatively, you can turn off RCS features entirely within the Google Messages app.Read more of this story at Slashdot.

An anonymous reader quotes a report from CNBC: The S&P 500 booted electric vehicle maker Tesla from its ESG Index as part of an annual update to the list. Meanwhile, Apple, Microsoft, Amazon and even oil and gas multinational Exxon Mobil were still included on the list. The S&P 500 ESG Index uses environmental, social and governance data to rank and effectively recommend companies to investors. Its criteria include hundreds of data points per company that pertain to the way businesses affect the planet and treat stakeholders beyond shareholders -- including customers, employees, vendors, partners and neighbors. Changes to the index took effect on May 2, and a spokesperson for the index explained why they were made in a blog post published Wednesday. It said that Tesla's "lack of a low-carbon strategy" and "codes of business conduct," along with racism and poor working conditions reported at Tesla's factory in Fremont, California, affected the score. Tesla's handling of an investigation by the National Highway Transportation Safety Administration also weighed on its score. "While Tesla may be playing its part in taking fuel-powered cars off the road, it has fallen behind its peers when examined through a wider ESG lens," the S&P spokesperson wrote. The CNBC report cited Tesla's settlement with the EPA in February "after years of Clean Air Act violations and neglecting to track its own emissions." They also mentioned last year's Toxic 100 Air Polluters Index, where Tesla ranked 22nd -- "worse than Exxon Mobil, which came in 26th." Tesla has notoriously scored poorly, "though it's not just about the environmental aspect but the assessments that have also criticized Tesla's company culture," notes Electrek's Fred Lambert. "ESG doesn't really take into account the fact that Tesla's entire business is about transitioning the world to sustainable energy but rather looks at strategies to decarbonize operations." On Twitter, Tesla CEO Elon Musk said S&P Global Ratings has "lost their integrity" and has been "weaponized by phony social justice warriors."Read more of this story at Slashdot.

Department of Homeland Security said it will pause on the agency's weeks-old Disinformation Governance Board. From a report: The board -- which had stated it's intended goal was to "coordinate countering misinformation related to homeland security." -- was widely criticized by Republicans and right-wing media outlets. A DHS spokesperson said in a statement to Axios that the board was "grossly and intentionally mischaracterized: it was never about censorship or policing speech in any manner. It was designed to ensure we fulfill our mission to protect the homeland, while protecting core Constitutional rights. However, false attacks have become a significant distraction from the Department's vitally important work to combat disinformation that threatens the safety and security of the American people." DHS tasked the Homeland Security Advisory Council to conduct a "thorough review and assessment" of the board's ability to deal with disinformation "while protecting free speech, civil rights, civil liberties, and privacy."Read more of this story at Slashdot.

The Centers for Disease Control and Prevention has expressed concern about an unusual outbreak of monkeypox in the United Kingdom, suggesting there appears to be at least some undetected transmission of the virus there and warning of the possibility that the outbreak could spread beyond U.K. borders. From a report: "We do have a level of concern that this is very different than what we typically think of from monkeypox. And I think we have some concern that there could be spread outside the U.K associated with this," Jennifer McQuiston, a senior CDC official, told STAT in an interview. Seven confirmed and one probable case of monkeypox have been discovered in the U.K. since early May -- an unusually large number given that human monkeypox cases are uncommon, and are especially rare outside West and Central Africa. While one of the cases had recently traveled to Nigeria, where monkeypox is endemic, the others appear to have contracted the virus in the U.K. None of the people infected domestically has any known connections with the traveler and the timing of the onset of the cases suggest he was not the source of those infections. Further reading: Spain, Portugal report monkeypox cases, raising specter of wider outbreak.Read more of this story at Slashdot.

During his lifetime, Einstein resisted the attempts to commercialise his identity. Now someone makes more than $12 million a year on image licensing. Even the law that allows this profiteering is contentious. Can an heir inherit rights that did not yet exist during the originator's lifetime? More on this on a long read from The Guardian.Read more of this story at Slashdot.

Japanese conglomerate Sony said it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and establish new powerhouses. From a report: "The metaverse is at the same time a social space and live network space where games, music, movies and anime intersect," Chief Executive Kenichiro Yoshida said at a strategy briefing on Wednesday, pointing to the use of free-to-play battle royale title Fortnite from Epic Games as an online social space. Sony's game, music and movie units contributed two-thirds of operating income in the year ended March, underscoring the group's transformation from consumer electronics maker into a metaverse-ready entertainment juggernaut under Yoshida and predecessor Kazuo Hirai. The firm is a gaming gatekeeper with its PlayStation 5 console, however observers point to the risk presented by the growth of cross-platform, cloud-based titles and their potential to reduce the influence of proprietary platforms. Sony has been adjusting its approach, enabling cross-play in Fortnite in 2018.Read more of this story at Slashdot.

An anonymous reader shares a report: Total Commander has been around since the 90s, eventually expanding into Android after the platform launched over a decade ago. The app has more than 10 million downloads on the Play Store, still supporting OS versions as far back as Android 2.2. With a new update, developer Christian Ghisler has removed the ability to install APK files on Android, blaming Google Play policies in the patch notes for the app. It's a shocking twist for the service and, seemingly, a bad omen of things to come for other mobile file managers. A forum post from Ghisler sheds some more light on what's going on here, as Google sent him a notice warning of his app's removal from the Play Store within a week if the app went unmodified. The company's automated response pointed the developer to the "Device and Network Abuse" policy.Read more of this story at Slashdot.

Some of more tech-savvy Democrats in the U.S. Senate are asking the Federal Trade Commission (FTC) to investigate identity-proofing company ID.me for "deceptive statements" the company and its founder allegedly made over how they handle facial recognition data collected on behalf of the Internal Revenue Service, which until recently required anyone seeking a new IRS account online to provide a live video selfie to ID.me. From a report: In a letter to FTC Chair Lina Khan, the Senators charge that ID.me's CEO Blake Hall has offered conflicting statements about how his company uses the facial scan data it collects on behalf of the federal government and many states that use the ID proofing technology to screen applicants for unemployment insurance. The lawmakers say that in public statements and blog posts, ID.me has frequently emphasized the difference between two types of facial recognition: One-to-one, and one-to-many. In the one-to-one approach, a live video selfie is compared to the image on a driver's license, for example. One-to-many facial recognition involves comparing a face against a database of other faces to find any potential matches.Read more of this story at Slashdot.

Napster has been acquired again, this time by two companies from the web3 sector: Hivemind and Algorand. "Dear friends, we are excited to share that we've taken Napster Group private, and to bring the iconic music brand to web3," wrote Hivemind founder Matt Zhang on LinkedIn. From a report: "Volatile market and uncertain times often bring exciting opportunities. At Hivemind, we believe in developing thesis and building enduring value. Music x Web3 is one of the most exciting spaces we've come across, and we are thrilled to work with Emmy Lovell and many talents to unlock value for the entire ecosystem and revolutionize how artists and fans enjoy music." Lovell has been named interim CEO of Napster, with the former WMG exec stepping up from her previous role as chief strategy officer, having joined the company in April 2021 shortly after its last acquisition by music VR company MelodyVR. The newly-merged company then delisted from the AIM stock exchange in the UK as part of its plan to relaunch a hybrid music streaming / video / VR service later this year, and then go public again in the US. The new owners appear to be pivoting that strategy with a web3 focus. There will be plenty to unpack around these plans. For example, Hivemind and Algorand aren't the only companies involved: they have an 'investor consortium' that includes ATC Management, BH Digital and G20 Ventures.Read more of this story at Slashdot.

Zambia's central bank said it refused to pay ransom to a group known as Hive that was behind a cybersecurity breach that caused minimal damage to its systems. From a report: "All of our core systems are still up and running," Greg Nsofu, information and communications technology director at the Bank of Zambia, told reporters in Lusaka, the capital. "Not much sensitive data has actually been shipped out." Only some test data may have been leaked, he said. "Knowing that we had protected our core systems, it wasn't really necessary for us to even engage" in a ransom conversation, Nsofu said. "So we pretty much told them where to get off." The central bank said May 13 that it had suffered a suspected cyberattack, which disrupted some information technology applications on May 9, including its website and bureau de change monitoring system.Read more of this story at Slashdot.

An anonymous reader shares a report: Ming-Chi Kuo is one of a handful of Apple analysts whose reports always warrant a second look, regardless of how strange they might seem at first blush. We've heard plenty of reports that the company is testing its own version of a foldable device, in its customary style of being fashionably late to the party, while also being the best dressed there. It stands to reason that the company is experimenting with all sorts of takes on the form factor. While companies like Samsung and Huawei have made great strides since the first generation of foldable devices, one can certainly make the argument that no one has perfectly cracked the code just yet. The screen technology has improved a good bit in recent years -- and so, too, has E Ink technology. "Apple is testing E Ink's Electronic Paper Display (EPD) for future foldable device's cover screen and tablet-like applications," Kuo reported on Twitter earlier today. "The color EPD has the potential to become a mainstream solution for foldable devices' must-have cover/second screen thanks to its excellent power-saving."Read more of this story at Slashdot.

While the US extended its leading position as the dominant location for Bitcoin mining, China has reemerged as the second-largest locale despite a government ban on the activity last year. From a report: The US accounted for 37.84% of global hashrate, a measure of computing power used to extract the digital currency, between September 2021 to January, according to the Cambridge Centre for Alternative Finance, in a report released on Tuesday. The hashrate, also responsible for securing the Bitcoin network, has made a strong comeback to new highs after falling last year. Following the mining ban in China last year, the country has seen a sudden surge in activity through "covert mining operations" and has "re-emerged as a major mining hub" grabbing 21.11% of global hashrate, according to the CCAF. "This strongly suggests that significant underground mining activity has formed in the country, which empirically confirms what industry insiders have long been assuming," CCAF wrote in the report. In May (2021), Beijing intensified its efforts to curb the cryptocurrency market. It seems covert mining is still happening in China through routed through virtual private networks that make it appear the computers are operating in another country.Read more of this story at Slashdot.

The Russian subsidiary of Alphabet's Google plans to file for bankruptcy, saying it had become impossible for the company to pay employees and suppliers. From a report: Google submitted a notice of intent to declare itself bankrupt, according to a message published Wednesday on Russia's Fedresurs registry. A Google spokesperson separately said an earlier move by authorities to seize its bank account made continuing operations in the country impossible. "The Russian authorities' seizure of Google Russia's bank account has made it untenable for our Russia office to function, including employing and paying Russia-based employees, paying suppliers and vendors, and meeting other financial obligations," the Google spokesperson said. The company had already paused most of its commercial operations in Russia, including all advertising, after the country's communications censor accused the company's YouTube video service of spreading misinformation and stoking protests.Read more of this story at Slashdot.

India is pushing ahead with its new cybersecurity rules that will require cloud service providers and VPN operators to maintain names of their customers and their IP addresses and suggested firms unwilling to comply to pull out of the world's second largest internet market. From a report: The Indian Computer Emergency Response Team clarified (PDF) on Wednesday that "virtual private server (VPS) providers, cloud service providers, VPN service providers, virtual asset service providers, virtual asset exchange providers, custodian wallet providers and government organisations" shall follow the directive, called Cyber Security Directions, that requires them to store customers' names, email addresses, IP addresses, know your customer records, financial transactions for a period of five years. The new rules, which were unveiled late last month and go into effect late June, won't be applicable to corporate and enterprise VPNs, the government agency clarified. Several VPN providers have expressed worries about India's new cybersecurity rules. NordVPN, one of the most popular VPN operators, said earlier that it may remove its services from India if "no other options are left." Rajeev Chandrasekhar, the junior IT minister of India, said that VPN providers who wish to conceal who uses their services "will have to pull out."Read more of this story at Slashdot.

A delivery app marketing campaign offering a "free lunch" -- aka a $15 promo code valid for three hours -- sent customers and restaurant workers alike into a spiral on Tuesday as thousands of orders jammed the system and disgruntled New Yorkers tweeted through their hunger pains. BuzzFeed News reports: GrubHub's New York City campaign on May 17 touted the physical and mental benefits of eating lunch, but yielded dozens of complaints, cancelled orders and service workers telling BuzzFeed News they were "exhausted" trying to keep up. GrubHub told BuzzFeed News that at times during the promotion that ran from 11 a.m. to 2 p.m. the app was averaging 6,000 orders per minute. "It got overwhelming," said Brandon Ching, who was working the counter at Greenberg's Bagels, a popular sandwich spot in Bedford-Stuyvesant, Brooklyn. "We were short-staffed today so it really added extra stress to my day." And customers were frustrated at the delays. Ebenezer Ackon told BuzzFeed News he was in 3,630th place in line to talk to GrubHub's customer service when he gave up, after waiting more than an hour for food, and went to get something from across the street from his apartment. Blake, who didn't want to use his last name, said the small Brooklyn cafe he ordered from received 200 orders in five minutes as soon as the promo began, so they reluctantly had to cancel orders -- including his. [...] Customers may be frustrated about not getting a product they wanted, but for service industry workers it was a day of non-stop stress. A spokesperson from GrubHub sent BuzzFeed News a statement following the fiasco: "It's clear, New Yorkers were hungry for lunch! While we knew 72% of New York workers call lunch the most important meal of the day, our free lunch promotion exceeded all expectations." Tuesday's campaign received six times more orders than a similar promo last year, they said. The company's statement mentioned that "initial demand temporarily overwhelmed" the app and served customers an error message that was "rectified so New Yorkers could enjoy their much-deserved lunch."Read more of this story at Slashdot.

An anonymous reader quotes a report from The Guardian: Researchers in China revealed they have developed a contact lens that can sense an increase in pressure within the eye and release an anti-glaucoma drug should the pressure exceed a certain level. Writing in the journal Nature Communications, the team describe how they created the device using an upper and lower lens, with a snowflake-shaped pressure sensor and wireless power transfer device sandwiched between them around the rim of the lenses. The arrangement appears to give the effect of the wearer having golden irises. However, the team say the design allows the necessary components to be included in the device without blocking the wearer's view or irritating the eye. When the pressure inside the eye increases, the gap between the upper and lower lenses decreases. This is detected by the pressure sensor by means of a cantilever. The sensor then sends a signal to the wireless system which subsequently triggers the release of an anti-glaucoma drug, from a hydrogel attached to an electrode, and enables it to cross the cornea of the eye. The drug, brimonidine, acts to reduce the pressure within the eye. The study reveals that the contact lenses have so far been tested on pigs' eyes and on the eyes of living rabbits -- albeit with smaller-sized lenses -- although trials have yet to be carried out in humans. The researchers note the lenses are not only soft and minimally invasive but are also battery-free, adding that the approach could be expanded to help tackle other eye diseases. "We can now imagine that a glaucoma sufferer wearing these contact lenses will not only receive real-time information about the pressures within the eye, since the contact lens has built-in wireless capacity and can easily communicate with an app on your smartphone, but also receive, for example, pressure-relieving drugs when needed," said Prof Zubair Ahmed from the Institute of Inflammation and Aging at the University of Birmingham. "The materials required to create such contact lenses are inexpensive and soon could be mass-produced," he added.Read more of this story at Slashdot.

After scandals in which doctors let unsupervised assistants operate on patients, South Korea is becoming one of the first to require cameras in operating rooms. The New York Times reports: Ethicists and medical officials, including those at the American College of Surgeons, have cautioned that surveilling surgeons to deter malpractice may undermine trust in doctors, hurt morale, violate patient privacy and discourage physicians from taking risks to save lives. The Korea Medical Association, which is opposed to the new mandate, has lobbied to limit its impact. But supporters of the law said the move would help protect patients, build the public's trust in doctors and provide victims of medical malpractice with evidence to use in court. "People are dying in operating rooms," said An Gi-jong, an advocate for patients. "We can't rely on doctors to solve problems on their own anymore." About five patients have died from ghost surgeries in the past eight years, he said. They include Kwon Dae-hee, a college student in Seoul who died of a hemorrhage in 2016 after jawline surgery. His mother, Lee Na-geum, who obtained footage of his operation and reviewed it hundreds of times, found evidence that the operation had been botched because parts of it had been conducted by an unsupervised nursing assistant. Ms. Lee, 62, who has held a public vigil denouncing ghost surgeries since her son's death, said in an interview: "Once the cameras are installed, your lies will be exposed if you're a ghost doctor. Cameras reveal truth." [...] Under the new law, hospitals performing surgeries on unconscious patients must install video cameras in their operating rooms. If a patient or a relative requests that a surgery be filmed, the hospital must comply. Doctors can refuse for certain reasons, such as if a delay in the operation would put the patient's life at risk, or if the filming would significantly impede residents' training. The recorded footage can be viewed for criminal investigations, prosecutions, trials, medical disputes or mediation.Read more of this story at Slashdot.

An anonymous reader quotes a report from Curbed: The fever isn't breaking. There are now bidding wars for one in every five Manhattan rental apartments (and one in three luxury units), according to the most recent Douglas Elliman report. Inventory in all of Manhattan, Brooklyn, and northwest Queens has been hovering well below 10,000 units -- as of April, the number was just 7,669. Which is several thousand less than the number of entire-apartment and entire-home Airbnb rentals available in New York City right now: 10,572, according to AirDNA, a third-party site that tracks short-term rentals. Inside Airbnb, another site that scrapes Airbnb for listings data, puts the number even higher, at 20,397. Ever since Airbnb came on the scene in 2008, there have been concerns that the short-term-rental company would deplete the housing stock by sucking up available rooms, causing prices to rise in cities like New York and San Francisco, where there were already severe housing shortages. The absolute number of available apartments and houses on the site peaked before the pandemic and has since dropped back, according to both Inside Airbnb and AirDNA. But there's a difference now: There are just so few apartments to be had that Airbnbs make up the majority of the city's available rentals. The company doesn't release listings or bookings data and wouldn't comment on the data collected by AirDNA and Inside Airbnb. They did however confirm that its NYC listing inventory has fallen since the start of the pandemic, citing factors that may have contributed to the housing shortage but weren't related to Airbnb. "Over the past two years, our entire space listing supply citywide has decreased, and it now represents a fraction of a percent of the city's rental units -- and all while rent prices have trended upward and city-issued permits for new-unit development remain down by a double-digit percentage," a spokesperson for the company wrote. Curbed notes that this number is "somewhat gamed," adding: "Airbnb is comparing its inventory to the total number of rental units in New York, not just the available ones, which as of 2017 was 2.18 million. But, of course, only a tiny fraction of those are open in any given year, let alone any given month."Read more of this story at Slashdot.

Hong Kong is planning a ban on the Telegram messaging service, which is widely used by pro-democracy activists. International Business Times reports: Local media reported that the ban on Telegram was being considered as a means to crack down on rampant doxing, under which pro-democracy campaigners are exposing online sensitive personal data of government officials and citizens. Hong Kong's privacy commissioner for personal data might decide in favor of blocking or restricting access to Telegram in the first such move, the Sing Tao Daily reported, according to Bloomberg. The execution of such a ban would mean that the former British colony has taken a step closer to China-style smothering of personal and civil liberties.Read more of this story at Slashdot.

Eric Migicovsky, founder of smartwatch company Pebble and lover of small Android phones, decided to take matters into his own hands and "rally other fans of small phones together" to put pressure on phone manufacturers to consider making a small Android phone -- complete with all the premium features one could expect to find in a larger device. Essentially, what he wants is an iPhone Mini-sized phone running Android. Is that too much to ask? Here's an excerpt from his manifesto (via smallandroidphone.com): My Dream Small Android phoneOptimizes for only 3 things: - Sub 6" display, matching size and design of iPhone 13 Mini- Great cameras- Stock Android OS If you can hit these three bullets, you've built the perfect phone. Currently there are ZERO premium Android phones with less than 6" displays. No amount of money can buy one right now. Focus on these three bullets, all other specs are flexible. Price: $700-800 (again, we have no alternatives so we should be willing to pay a bit more!) In a call-to-action, Migicovsky asks readers who agree with him to sign up on this page to help "convince a manufacturer to build us our dream phone." He adds: "If no one else makes one I guess I will be forced to make it myself, but I really really don't want it to come to that!"Read more of this story at Slashdot.

FreeBSD 13.1 has been released today. Some of the new features include UEFI boot improvements for AMD64, a wide variety of hardware driver improvements, and support for freebsd-update to allow creating automated snapshots of the boot environment to try to make operating system updates foolproof. Phoronix reports: Some of the other changes with FreeBSD 13.1 include enabling Position Independent Executable (PIE) support by default on 64-bit architectures, a new "zfskeys" service script for the automatic decryption of ZFS datasets, NVMe emulation with Bhyve hypervisor, chroot now supports unprivileged operations, various POWER and RISC-V improvements, big endian support improvements, support for the HiFive Unmatched RISC-V development board, updating against OpenZFS file-system support upstream, and many other changes throughout this BSD open-source ecosystem. Downloads and the full change-log for FreeBSD 13.1 can be found here.Read more of this story at Slashdot.

An anonymous reader quotes a report from The Independent: Human-level artificial intelligence is close to finally being achieved, according to a lead researcher at Google's DeepMind AI division. Dr Nando de Freitas said "the game is over" in the decades-long quest to realize artificial general intelligence (AGI) after DeepMind unveiled an AI system capable of completing a wide range of complex tasks, from stacking blocks to writing poetry. Described as a "generalist agent," DeepMind's new Gato AI needs to just be scaled up in order to create an AI capable of rivaling human intelligence, Dr de Freitas said. Responding to an opinion piece written in The Next Web that claimed "humans will never achieve AGI," DeepMind's research director wrote that it was his opinion that such an outcome is an inevitability. "It's all about scale now! The Game is Over!" he wrote on Twitter. "It's all about making these models bigger, safer, compute efficient, faster at sampling, smarter memory, more modalities, innovative data, on/offline... Solving these challenges is what will deliver AGI." When asked by machine learning researcher Alex Dimikas how far he believed the Gato AI was from passing a real Turing test -- a measure of computer intelligence that requires a human to be unable to distinguish a machine from another human -- Dr de Freitas replied: "Far still." [...] Fielding further questions from AI researchers on Twitter, Dr de Freitas said "safety is of paramount importance" when developing AGI. "It's probably the biggest challenge we face," he wrote. "Everyone should be thinking about it. Lack of enough diversity also worries me a lot." DeepMind describes Gato in a blog post: "The agent, which we refer to as Gato, works as a multi-modal, multi-task, multi-embodiment generalist policy. The same network with the same weights can play Atari, caption images, chat, stack blocks with a real robot arm and much more, deciding based on its context whether to output text, joint torques, button presses, or other tokens.Read more of this story at Slashdot.

Apple today informed developers that it is implementing a new subscription feature that will allow customers to be charged automatically when an app's subscription price goes up, which is not the way that subscriptions work at the current time. MacRumors reports: Right now, customers must explicitly agree to a pricing change when the cost of a subscription increases through an "Agree to New Price" interface. If a customer does not tap on agree when the warning comes up, their subscription is automatically canceled, but that's changing. Going forward, developers will be able to increase the price of a subscription and have it auto renew, with customers simply being informed rather than needing to outright agree. Apple says that "under specific conditions and with advance user notice" developers can offer an auto-renewable subscription price increase without the user needing to take action and without their subscription being impacted. There are specific limits that Apple is placing on developers to make sure this functionality is not abused. A pricing increase cannot occur more than once per year, and it cannot exceed $5 and 50 percent of the subscription price, or $50 and 50 percent for an annual subscription price. Apple says that it will always notify users of the pricing increase in advance, via email, push notification, and a message within the app. Apple will also provide instructions on how to view, manage, and cancel subscriptions. [...] In situations where prices increase more often than once a year or exceed Apple's thresholds, subscribers will need to opt in as usual before the pricing increase is applied. Apple says that this will also happen in territories where the law requires it.Read more of this story at Slashdot.

Top Chinese chipmaker Semiconductor Manufacturing International Co. says demand for mobile phones, personal computers and home appliances has dropped "like a rock" and shows no signs of recovering. From a report: Speaking to investors on Friday, CEO Zhao Haijun said the Russia-Ukraine war and China's COVID lockdowns have massively dented demand for consumer electronics and home appliances, which in turn has led to a "serious" adjustment in chip orders for those segments. "Many smartphone, PC and home appliance companies had exposure in Russia and Ukraine, and their revenues [from those markets] are now gone. Sales in their home market [of China] have also fallen due to the COVID situation domestically," Zhao said. "We cannot yet see an end to the downtrends in these segments," Zhao added. "There are at least 200 million units of smartphones that will disappear suddenly this year and the majority of them are from our domestic Chinese phone makers." Demand for consumer electronics "dropped like a rock, very seriously," the executive said. "Some of our customers are holding more than five months of that type of inventory." However, Zhao said SMIC's factories are still running at 100% capacity, as the company has been allocating resources to products that are still in great shortage, such as power management chips and microcontrollers used in green energy, electric vehicles and industrial applications.Read more of this story at Slashdot.

Han Bing, a former database administrator for Lianjia, a Chinese real-estate brokerage giant, has been sentenced to 7 years in prison for logging into corporate systems and deleting the company's data. BleepingComputer reports: Bing allegedly performed the act in June 2018, when he used his administrative privileges and "root" account to access the company's financial system and delete all stored data from two database servers and two application servers. This has resulted in the immediate crippling of large portions of Lianjia's operations, leaving tens of thousands of its employees without salaries for an extended period and forcing a data restoration effort that cost roughly $30,000. The indirect damages from the disruption of the firm's business, though, were far more damaging, as Lianjia operates thousands of offices, employs over 120,000 brokers, owns 51 subsidiaries, and its market value is estimated to be $6 billion.Read more of this story at Slashdot.

Russia is not planning to block Alphabet's YouTube, the minister for digital development said on Tuesday, acknowledging that such a move would likely see Russian users suffer and should therefore be avoided. From a report: Russia has blocked other foreign social media platforms, but despite months of fines and threats against YouTube for failing to delete content Moscow deems illegal and for restricting access to some Russian media, it has stopped short of delivering a killer blow to the video-hosting service.Read more of this story at Slashdot.

An anonymous reader quotes a report from ZDNet: The Software Freedom Conservancy (SFC), a non-profit organization that promotes open-source software and defends the free software General Public License (GPL), recently sued major TV vendor Vizio for abusing the GPL with its Linux-based SmartCast OS. Vizio replied that the SFC had no right to ask for the source code. On May 13, however, the SFC succeeded in federal court with its motion to have its lawsuit against Vizio remanded back to Superior Court in Orange County, CA. Doesn't sound like that big a deal? Think again. The important part of the decision by U.S. District Court Judge Josephine L. Staton stated that SFC's claim "that the [GPLv2] enforcement of 'an additional contractual promise separate and distinct from any rights provided by the copyright laws' amounts to an 'extra element,' and therefore, SFC's claims are not preempted." Karen M. Sandler, SFC's executive director, explained, "The ruling is a watershed moment in the history of copyleft licensing. This ruling shows that the GPL agreements function both as copyright licenses and as a contractual agreement." Sandler added that even in the Free and Open Source Software (FOSS) legal community people argue incorrectly that the GPL and other copyleft licenses only function as copyright licenses. This decision clearly states that the GPL also acts as a contract. Further, this decision makes it the first case to show individual consumers have rights to the source code as third-party beneficiaries of the GPL.Read more of this story at Slashdot.

A ransomware gang that infiltrated some Costa Rican government computer systems has upped its threat, saying its goal isnow to overthrow the government. From a report: Perhaps seizing on the fact that President Rodrigo Chaves had only been in office for a week, the Russian-speaking Conti gang tried to increase the pressure to pay a ransom by raising its demand to $20 million. Chaves suggested Monday in a news conference that the attack was coming from inside as well as outside Costa Rica. "We are at war and that's not an exaggeration," Chaves said. He said officials were battling a national terrorist group that had collaborators inside Costa Rica. Chaves also said the impact was broader than previously known, with 27 government institutions, including municipalities and state-run utilities, affected. He blamed his predecessor Carlos Alvarado for not investing in cybersecurity and for not more aggressively dealing with the attacks in the waning days of his government. In a message Monday, Conti warned that it was working with people inside the government.Read more of this story at Slashdot.

Microsoft blog: The steep rise in cryptocurrency market capitalization, not surprisingly, mirrors a marked increase in threats and attacks that target or leverage cryptocurrencies. But Microsoft researchers are observing an even more interesting trend: the evolution of related malware and their techniques, and the emergence of a threat type we're referring to as cryware. Cryware are information stealers that collect and exfiltrate data directly from non-custodial cryptocurrency wallets, also known as hot wallets. Because hot wallets, unlike custodial wallets, are stored locally on a device and provide easier access to cryptographic keys needed to perform transactions, more and more threats are targeting them.Read more of this story at Slashdot.

Federal Reserve Chair Jerome H. Powell acknowledged in an interview with Marketplace on Thursday that the central bank could have moved faster to raise interest rates and cut inflation, as the central bank comes under increasing scrutiny over whether it waited too long to act on prices. From a report: "If you had perfect hindsight you'd go back, and it probably would have been better for us to have raised rates a little sooner," Powell said in an interview released Thursday with Marketplace's Kai Ryssdal. "I'm not sure how much difference it would have made, but we have to make decisions in real time, based on what we know then, and we did the best we could." Powell's comments mark a sharper sentiment of regret than his past remarks when it comes to whether the Fed should have stepped in sooner. The Fed has faced criticism, primarily from Republicans and some prominent economists, such as Lawrence H. Summers, for delaying interest rate hikes and ending stimulus-era financial supports, which work together to cool off the economy and bring inflation down. Powell, who was confirmed by the Senate for a second term as Fed chair earlier Thursday, lost a handful of votes from lawmakers who said their constituents were suffering too much from high prices on his watch. For much of the last year, the Fed stuck to its message that rising inflation would be "transitory," or temporary, and more limited to pockets of the economy hit hard by the coronavirus pandemic and related shutdowns and supply chain disruptions. At WSJ conference on Tuesday, Powell emphasized his resolve to get inflation down, saying he won't hesitate to back interest rate increases until prices start falling back toward a healthy level. "We'll go to that point. There won't be any hesitation about that," he added.Read more of this story at Slashdot.

Two senior U.S. defense intelligence officials said on Tuesday the Pentagon is committed to determining the origins of what it calls "unidentified aerial phenomena" -- commonly termed UFOs -- but acknowledged many remain beyond the government's ability to explain. From a report: The two officials, Ronald Moultrie and Scott Bray, appeared before a House of Representatives intelligence subcommittee for the first public U.S. congressional hearing on the subject in a half century. It came 11 months after a government report documented more than 140 cases of unidentified aerial phenomena, or UAPs, that U.S. military pilots had observed since 2004. Bray, deputy director of naval intelligence, said the number of UAPs officially cataloged by a newly formed Pentagon task force has grown to 400 cases. Both officials chose their words carefully in describing the task force's work, including the question of possible extraterrestrial origins, which Bray said defense and intelligence analysts had not ruled out. Bray did say that "we have no material, we have detected no emanations, within the UAP task force that would suggest it is anything non-terrestrial in origin."Read more of this story at Slashdot.

Google announced a new initiative Tuesday aimed at securing the open-source software supply chain by curating and distributing a security-vetted collection of open-source packages to Google Cloud customers. From a report: The new service, branded Assured Open Source Software, was introduced in a blog post from the company. In the post, Andy Chang, group product manager for security and privacy at Google Cloud, pointed to some of the challenges of securing open-source software and stressed Google's commitment to open source. "There has been an increasing awareness in the developer community, enterprises, and governments of software supply chain risks," Chang wrote, citing last year's major log4j vulnerability as an example. "Google continues to be one of the largest maintainers, contributors, and users of open source and is deeply involved in helping make the open source software ecosystem more secure." Per Google's announcement, the Assured Open Source Software service will extend the benefits of Google's own extensive software auditing experience to Cloud customers. All open-source packages made available through the service are also used internally by Google, the company said, and are regularly scanned and analyzed for vulnerabilities.Read more of this story at Slashdot.

Apple delayed a plan to require workers to come back to the office three days a week, citing a resurgence in Covid-19 cases, marking the latest setback in its efforts to return to normal. From a report: The company informed employees Tuesday that it's delaying the requirement, which had been slated to go into effect on May 23, according to a memo seen by Bloomberg. However, the company is still expecting workers to come to the office two days per week. The company said the requirement is being delayed for "the time being" and didn't provide a new date. Apple was set to require employees to work from the office on Mondays, Tuesdays and Thursdays beginning next week -- a policy that had been controversial among some staff. Already, employees have been coming in two days a week as part of a ramp-up effort that began in April. For now, that mandate isn't changing.Read more of this story at Slashdot.

Mental health startup Cerebral will no longer prescribe most controlled substances, The Wall Street Journal reported. From a report: The embattled company is facing investigations from the US Department of Justice and the Drug Enforcement Administration over its prescribing practices, which, until this week, included offering prescriptions for stimulants like Adderall. Company co-founder Kyle Robertson wrote in an email reviewed by The Wall Street Journal that it would stop prescribing most controlled substances to new customers on Friday and transition existing patients off of the drug or out of its care by October. Cerebral will still offer drugs that treat opioid-use disorder, like Suboxone. Robertson said in the email that the company only started prescribing controlled substances to customers in 2020 because people weren't able to get in-person care. It's stopping that program, he said, because of "the ability for patients to return to an in-person or hybrid care model for this treatment."Read more of this story at Slashdot.

The White House slammed Amazon founder Jeff Bezos on Monday after the billionaire accused President Biden of "misdirection" in his comments on inflation and corporate taxes. From a report: Biden tweeted Friday that the wealthiest corporations must "pay their fair share" to help bring down record-high inflation. Biden also recently met with Amazon labor organizers after their union victory. Bezos responded to Biden claiming inflation and corporate taxes aren't related. "Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection," he tweeted. "It doesn't require a huge leap to figure out why one of the wealthiest individuals on Earth opposes an economic agenda for the middle class that cuts some of the biggest costs families face, fights inflation for the long haul, and adds to the historic deficit reduction the President is achieving by asking the richest taxpayers and corporations to pay their fair share," deputy White House press secretary Andrew Bates said in a statement per the Washington Post. "It's also unsurprising that this tweet comes after the President met with labor organizers, including Amazon employees." Bezos fired back shortly after, saying the White House is trying to "muddy the topic." "They know inflation hurts the neediest the most. But unions aren't causing inflation and neither are wealthy people. Remember the Administration tried their best to add another $3.5 TRILLION to federal spending," he tweeted. "They failed, but if they had succeeded, inflation would be even higher than it is today, and inflation today is at a 40 year high."Read more of this story at Slashdot.

Cryptocurrency exchange Coinbase has reined in a plan to triple its headcount this year in response to turbulent market conditions. From a report: Emilie Choi, Coinbase's president and chief operating officer, said in a blog post on Tuesday that the firm would be slowing hiring to "reprioritize our hiring needs against our highest-priority business goals." The note had been circulated among staff earlier. "Heading into this year, we planned to triple the size of the company. Given current market conditions, we feel it's prudent to slow hiring and reassess our headcount needs against our highest-priority business goals," she said. "Headcount growth is a key input to our financial model, and this is an important action to ensure we manage our business to the scenarios we planned for, specifically the potential adjusted Ebitda we are aiming to manage to."Read more of this story at Slashdot.