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  • Bookies Predict the Future of Tech

    First time accepted submitter machineghost (622031) writes "It's one thing to make predictions about the future of tech; that happens all the time on Slashdot. But it's quite a different thing to put money on the line to back up those predictions, which is exactly what this British bookie has done. Think you know whether Google Glass will beat the iPhone, or whether we'll be ready to go to Mars and back by 2020? Now's your chance to capitalize on those predictions!" Or you could, y'know, invest money in at least some of them, and thereby increase their chances of succeeding.

    39 comments | 11 hours ago

  • MediaGoblin and FSF Successfully Raise Funds For Federation, Privacy Features

    paroneayea writes: "GNU MediaGoblin and the Free Software Foundation have jointly run a campaign for privacy and federation on the web. The campaign is in its last day but has already passed the first two funding milestones, and is hoping to raise more with the possibility of bringing in multiple dedicated resources to the project. The project has also released a full financial transparency report so donors can know how they can expect their money to be used!"

    21 comments | yesterday

  • Bug Bounties Don't Help If Bugs Never Run Out

    Bennett Haselton writes: "I was an early advocate of companies offering cash prizes to researchers who found security holes in their products, so that the vulnerabilities can be fixed before the bad guys exploited them. I still believe that prize programs can make a product safer under certain conditions. But I had naively overlooked that under an alternate set of assumptions, you might find that not only do cash prizes not make the product any safer, but that nothing makes the product any safer — you might as well not bother fixing certain security holes at all, whether they were found through a prize program or not." Read on for the rest of Bennett's thoughts.

    224 comments | yesterday

  • Investors Value Yahoo's Core Business At Less Than $0

    An anonymous reader writes "Yahoo is most known for its search, email, and news services. But its U.S. web presence is only part of its corporate portfolio. It also owns large stakes in Yahoo Japan and Alibaba (a web services company based in China). Yahoo Japan is publicly traded, and Alibaba is heading toward an IPO, so both have a pretty firm valuation. The thing is: when you account for Yahoo's share of each and subtract them from Yahoo's current market cap, you get a negative number. Investors actually value Yahoo's core business at less than nothing. Bloomberg's Matt Levine explains: 'I guess this is fairly obvious, but it leads you to a general theory of the conglomerate discount, which is that a business can be worth less than zero (to shareholders), but a company can't be (to shareholders). ... A fun question is, as fiduciaries for shareholders, should Yahoo's directors split into three separate companies to maximize value? If YJHI and YAHI are worth around $9 billion and $40 billion, and Core Yahoo Inc. is worth around, I don't know, one penny, then just doing some corporate restructuring should create $13 billion in free shareholder value. Why not do that?'"

    147 comments | yesterday

  • Vintage 1960s Era Film Shows IRS Defending Its Use of Computers

    coondoggie (973519) writes "It's impossible to imagine the Internal Revenue Service or most other number-crunching agencies or companies working without computers. But when the IRS went to computers — the Automatic Data Processing system --there was an uproar. The agency went so far as to produce a short film on the topic called Right On The Button, to convince the public computers were a good thing."

    146 comments | 2 days ago

  • Survey: 56 Percent of US Developers Expect To Become Millionaires

    msmoriarty writes: "According to a recent survey of 1,000 U.S.-based software developers, 56 percent expect to become millionaires in their lifetime. 66 percent also said they expect to get raises in the next year, despite the current state of the economy. Note that some of the other findings of the study (scroll to bulleted list) seem overly positive: 84 percent said they believe they are paid what they're worth, 95 percent report they feel they are 'one of the most valued employees at their organization,' and 80 percent said that 'outsourcing has been a positive factor in the quality of work at their organization.'"

    456 comments | 2 days ago

  • Slashdot Asks: How Do You Pay Your Taxes?

    April 15, 2014 isn't just a full moon: it's Tax Day in the U.S. That means most American adults have already submitted a tax return, or an extension request, to the IRS and -- except for a few lucky states -- to their state governments as well. I filed my (very simple) tax return online. After scanning the free options, since I live in a state -- Texas -- that does not collect personal income tax, I chose Tax Act's free services. That meant enduring a series of annoying upgrade plugs throughout the process, but I could live with that; I have no reason to think it was better or worse than TurboTax or any of the other e-Filing companies, but I liked Tax Act’s interface, and it seemed less skeevy in all those upgrade plugs than the others I glanced at. The actual process took an hour and 19 minutes once I sat down with the papers I needed. My financial life is pretty simple, though: I didn't buy or sell a house, didn't buy or sell stocks outside of a retirement account mutual fund, and didn't move from one state to another. How do you do your taxes? Do you have an argument for one or another of the online services, or any cautionary tales? Do you prefer to send in forms on paper? Do you hire an accountant? (And for readers outside the U.S., it's always interesting to hear how taxes work in other countries, too. Are there elements of the U.S. system you'd prefer, or that you're glad you don't need to deal with?)

    385 comments | 3 days ago

  • IRS Can Now Seize Your Tax Refund To Pay a Relative's Debt

    Hugh Pickens DOT Com (2995471) writes "Just in time for the April 15 IRS filing deadline comes news from the Washington Post that hundreds of thousands of taxpayers expecting refunds are instead getting letters informing them of tax debts they never knew about: often a debt incurred by their parents. The government is confiscating their checks, sometimes over debts 20—30 years old. For example, when Mary Grice was 4 (in 1960), her father died ... 'Until the kids turned 18, her mother received survivor benefits from Social Security ... Now, Social Security claims it overpaid someone in the Grice family in 1977. ... Four years after Sadie Grice died, the government is coming after her daughter. ... "It was a shock," says Grice, 58. "What incenses me is the way they went about this. They gave me no notice, they can't prove that I received any overpayment, and they use intimidation tactics, threatening to report this to the credit bureaus."' The Treasury Department has intercepted ... $75 million from debts delinquent for more than 10 years according to the department's debt management service. 'The aggressive effort to collect old debts started three years ago — the result of a single sentence tucked into the farm bill lifting the 10-year statute of limitations on old debts to Uncle Sam.'"

    630 comments | 4 days ago

  • Will This Flying Car Get Crowdfunded?

    cartechboy (2660665) writes "We all just have too much money on our hands, and we really want a flying car, right? Well that's what Skylys thinks, as it's trying to crowdfund a flying car. According to its website, 'In detail we aim to create an urban dual-mode, hybrid flight and electric drive motorized vehicle that fits into sustainable mobility.' How much money does it need? Oh about $3,111,075. Apparently the company has run out of money and needs more to 'start construction on our two prototypes to confirm our technical specifications; pay the chaps in the legal department; industrial engineers and take up occupancy of our future offices in Silicon Valley, where our backers can of course pay us a visit.'"

    157 comments | 4 days ago

  • The Best Parking Apps You've Never Heard Of and Why You Haven't

    Bennett Haselton writes "If you read no further, use either the BestParking or ParkMe app to search all nearby parking garages for the cheapest spot, based on the time you're arriving and leaving. I'm interested in the question of why so few people know about these apps, how is it that they've been partially crowded out by other 'parking apps' that are much less useful, and why our marketplace for ideas and intellectual properly is still so inefficient." Read below to see what Bennett has to say.

    163 comments | 4 days ago

  • Mr. Schmidt Goes To Washington: A Look Inside Google's Lobbying Behemoth

    barlevg (2111272) writes "In May 2012, in the midst of an FTC investigation into Google's search practices, the law school at George Mason University in Northern Virginia hosted a conference attended by congressmen, regulators and staffers. The topic: competition, search and social media. What none of the attendees of the conference knew was that Google was pulling many of the strings behind the event, even going so far as to suggest invited speakers. This event, as documented in The Washington Post is just a snapshot of the operations of one of the largest and highest spending lobbying entities in DC, a far cry from the one-man shop it started out as nine years ago, from a company "disdainful" of Washington's "pay-to-play" culture."

    115 comments | 5 days ago

  • The GNOME Foundation Is Running Out of Money

    An anonymous reader writes "The GNOME Foundation is running out of money. The foundation no longer has any cash reserves so they have voted to freeze non-essential funding for running the foundation. They are also hunting down sponsors and unpaid invoices to regain some delayed revenue. Those wishing to support the GNOME Foundation can become a friend of GNOME."

    687 comments | 5 days ago

  • Apple's Spotty Record of Giving Back To the Tech Industry

    chicksdaddy (814965) writes "Given Apple's status as the world's most valuable company and its enormous cash hoard, the refusal to offer even meager support to open source and industry groups is puzzling. From the article: 'Apple bundles software from the Apache Software Foundation with its OS X operating system, but does not financially support the Apache Software Foundation (ASF) in any way. That is in contrast to Google and Microsoft, Apple's two chief competitors, which are both Platinum sponsors of ASF — signifying a contribution of $100,000 annually to the Foundation. Sponsorships range as low as $5,000 a year (Bronze), said Sally Khudairi, ASF's Director of Marketing and Public Relations. The ASF is vendor-neutral and all code contributions to the Foundation are done on an individual basis. Apple employees are frequent, individual contributors to Apache. However, their employer is not, Khudairi noted. The company has been a sponsor of ApacheCon, a for-profit conference that runs separately from the Foundation — but not in the last 10 years. "We were told they didn't have the budget," she said of efforts to get Apple's support for ApacheCon in 2004, a year in which the company reported net income of $276 million on revenue of $8.28 billion.'"

    266 comments | 5 days ago

  • PC Gaming Alive and Dominant

    An anonymous reader writes "Ars reports on a panel at PAX East which delved into the strength of the PC as a platform for games, and what its future looks like. The outlook is positive: 'Even as major computer OEMs produce numbers showing falling sales, the PC as a platform (and especially a gaming platform) actually shows strong aggregate growth.' The panelists said that while consoles get a lot of the headlines, the PC platform remains the only and/or best option for a lot of developers and gamers. They briefly addressed piracy, as well: 'Piracy, [Matt Higby] said, is an availability and distribution problem. The more games are crowdfunded and digitally delivered and the less a "store" figures into buying games, the less of a problem piracy becomes. [Chris Roberts] was quick to agree, and he noted that the shift to digital distribution also helps the developers make more money — they ostensibly don't have everyone along the way from retailers to publishers to distributors taking their cut from the sale.'"

    245 comments | about a week ago

  • Can You Buy a License To Speed In California?

    Hugh Pickens DOT Com writes: "Alex Mayyasi reports that in the parking lots of Silicon Valley's venture capital firms, expensive cars gleam in the California sun and a closer look reveals that the cars share a mysterious detail: they nearly all have a custom license plate frame that reads, 'Member. 11-99 Foundation.' Are the Bay Area's wealthy all part of some sort of illuminati group that identifies each other by license plate instead of secret handshakes? The answer is the state highway patrol — the men and women that most people interact with only when getting ticketed for speeding. A number of the frames read 'CHP 11-99 Foundation,' which is the full name of a charitable organization that supports California Highway Patrol officers and their families in times of crisis. Donors receive one license plate as part of a $2,500 'Classic' level donation, or two as part of a bronze, silver, or gold level donation of $5,000, $10,000, or $25,000. Rumor has it, according to Mayyasi, that the license plate frames come with a lucrative return on investment. As one member of a Mercedes-Benz owners community wrote online back in 2002: 'I have the ultimate speeding ticket solution. I paid $1800 for a lifetime membership into the 11-99 foundation. My only goal was to get the infamous 'get out of jail' free license plate frame.'

    The 11-99 Foundation has sold license plate frames for most of its 32 year existence, and drivers have been aware of the potential benefits since at least the late 1990s. But attention to the issue in 2006-2008 led the foundation to stop giving out the frames. An article in the LA Times asked 'Can Drivers Buy CHP Leniency?' and began by describing a young man zipping around traffic — including a police cruiser — and telling the Times that he believed his 11-99 frames kept him from receiving a ticket. But the decision was almost irrelevant to another thriving market: the production and sale of fake 11-99 license plate frames. But wait — the CHP 11-99 Foundation also gives out membership cards to big donors. 'Unless you have the I.D. in hand when (not if) I stop you,' says one cop, 'no love will be shown.'"

    325 comments | about a week ago

  • Cost Skyrockets For United States' Share of ITER Fusion Project

    sciencehabit writes: "ITER, the international fusion experiment under construction in Cadarache, France, aims to prove that nuclear fusion is a viable power source by creating a 'burning plasma' that produces more energy than the machine itself consumes. Although that goal is at least 20 years away, ITER is already burning through money at a prodigious pace. The United States is only a minor partner in the project, which began construction in 2008. But the U.S. contribution to ITER will total $3.9 billion — roughly four times as much as originally estimated — according to a new cost estimate released yesterday. That is about $1.4 billion higher than a 2011 cost estimate, and the numbers are likely to intensify doubts among some members of Congress about continuing the U.S. involvement in the project."

    174 comments | about a week ago

  • Michael Bloomberg: You Can't Teach a Coal Miner To Code

    theodp (442580) writes "Gigaom reports that while speaking at the Bloomberg Energy Summit on Wednesday, former NYC Mayor Michael Bloomberg said he gives 'a lot of money to the Sierra Club' to help close dirty coal plants, but added that as a society we have to 'have some compassion to do it gently.' Subsidies to help displaced workers are one option, said Bloomberg, while retraining is another option. But, in a slight to the tech industry's sometimes out-of-touch nature with workers outside of Silicon Valley, he said retraining needs to be realistic, 'You're not going to teach a coal miner to code,' argued Bloomberg. 'Mark Zuckerberg says you teach them to code and everything will be great. I don't know how to break it to you... but no.'"

    578 comments | about a week ago

  • NASA Setting Up $250,000 Mars Lander Competition

    coondoggie (973519) writes "NASA this week said it is exploring setting up one of its iconic Centennial Challenge competitions for companies to build a robotic Mars landing spacecraft. NASA said it would expect to have about $250,000 worth of prize money for a robotic spacecraft that could land on the Red Planet, retrieve a sample and return it to orbit."

    44 comments | about a week ago

  • Comcast PAC Gave Money To Every Senator Examining Time Warner Cable Merger

    An anonymous reader writes in with news about money and politics that is sure to shock no one."It's no surprise that Comcast donates money to members of Congress. Political connections come in handy for a company seeking government approval of mergers, like Comcast's 2011 purchase of NBCUniversal and its proposed acquisition of Time Warner Cable (TWC). But just how many politicians have accepted money from Comcast's political arm? In the case of the Senate Judiciary Committee, which held the first congressional hearing on the Comcast/TWC merger yesterday, the answer is all of them."

    133 comments | about a week ago

  • MA Gov. Wants To Ban Non-Competes; Will It Matter?

    curtwoodward (2147628) writes "Entrepreneurs in Massachusetts say the state's legal enforcement of non-competition agreements hurts innovation — if you're going to get sued by Big Company X, you're probably not going to leave for a startup in the same industry. But those contracts have powerful supporters, including EMC, which is by far the state's largest tech company. Gov. Deval Patrick is finally picking a side in the debate by introducing his own bill to outlaw non-competes and adopt trade-secrets protections instead. Just one catch: he's a lame duck, and will be out of office in January."

    97 comments | about a week ago

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