sfcrazy writes "The newly formed company has opened the next chapter of its history by bagging $23 million financing from A16Z (Andreessen Horowitz). CyanogenMod was recently incorporated as a company after getting Benchmark Capital and Redpoint Ventures as partners and raising $7 million in funding."
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An anonymous reader writes "Gates fulfilled a Reddit users wish-list by buying several items and donating to a listed charity organization, although he did pass on getting the iPad on the list. From the article: 'The true identity of Rachel's Secret Santa was finally revealed when she found a photo of Gates holding the stuffed animal and the signed donation sent to Heifer International. An inscription in the book with a "really nice message" and note from Gates wishing Rachel a Merry Christmas and a Happy Birthday was the topper.'"
mrspoonsi writes with this excerpt from Business Insider: "This morning, Mark Zuckerberg announced plans to give 18 million Facebook shares to charity by the end of the month. Facebook is currently trading at $55 per share, so Zuckerberg's gift is worth just under $1 billion. The money will go toward Zuckerberg's foundation, the Silicon Valley Community Foundation and The Breakthrough Prize In Life Science, a [Nobel] Prize-like award. Zuckereberg is giving his shares away as part of a secondary stock offering from Facebook. Reuters says Zuckerberg will sell 41.4 million shares, reducing his voting power in the company from 58.8% to 56.1%. Other insiders selling include board member Marc Andreessen, who will sell 1.65 million shares. Facebook is selling 27 million."
DavidGilbert99 writes "A report from Dell Secureworks earlier this week reported that up to 250,000 systems have been infected with the pernicious ransomware known as CryptoLocker. Digging a little deeper, David Gilbert at IBTimes UK found that the average ransom being paid was $300, and than on a very conservative basis just 0.4% of people paid the ransom. What does this all add up to? $30 million for the gang controlling CryptoLocker — and this could be 'many times bigger.'"
An anonymous reader writes with this excerpt from a Reuters report shedding light on one consequence of increasing knowledge of the extent of U.S. government spying: "Brazil awarded a $4.5 billion contract to Saab AB on Wednesday to replace its aging fleet of fighter jets, a surprise coup for the Swedish company after news of U.S. spying on Brazilians helped derail Boeing's chances for the deal. ... The timing of the announcement, after more than a decade of off-and-on negotiations, appeared to catch the companies involved by surprise. Even Juniti Saito, Brazil's top air force commander, said on Wednesday that he only heard of the decision a day earlier in a meeting with President Dilma Rousseff. Until earlier this year, Boeing's F/A-18 Super Hornet had been considered the front runner. But revelations of spying by the U.S. National Security Agency in Brazil, including personal communication by Rousseff, led Brazil to believe it could not trust a U.S. company."
Hugh Pickens DOT Com writes "SF writer Charles Stross writes on his blog that like all currency systems, Bitcoin comes with an implicit political agenda attached and although our current global system is pretty crap, Bitcoin is worse. For starters, BtC is inherently deflationary. There is an upper limit on the number of bitcoins that can ever be created so the cost of generating new Bitcoins rises over time, and the value of Bitcoins rise relative to the available goods and services in the market. Libertarians love it because it pushes the same buttons as their gold fetish and it doesn't look like a "Fiat currency". You can visualize it as some kind of scarce precious data resource, sort of a digital equivalent of gold. However there are a number of huge down-sides to Bitcoin says Stross: Mining BtC has a carbon footprint from hell as they get more computationally expensive to generate, electricity consumption soars; Bitcoin mining software is now being distributed as malware because using someone else's computer to mine BitCoins is easier than buying a farm of your own mining hardware; Bitcoin's utter lack of regulation permits really hideous markets to emerge, in commodities like assassination and drugs and child pornography; and finally Bitcoin is inherently damaging to the fabric of civil society because it is pretty much designed for tax evasion. "BitCoin looks like it was designed as a weapon intended to damage central banking and money issuing banks, with a Libertarian political agenda in mind—to damage states ability to collect tax and monitor their citizens financial transactions," concludes Stross. "The current banking industry and late-period capitalism may suck, but replacing it with Bitcoin would be like swapping out a hangnail for Fournier's gangrene.""
coondoggie writes "In its annual look at what challenges NASA faces in the coming year, the agency's Office of the Inspector General (OIG) this year outlined nine key areas it says will cause the most angina. Leading the way in pain is money. NASA's current money story starts off bad and just gets worse. From the article: '"Along with the rest of the Federal Government, NASA began FY 2013 under a 6-month continuing resolution that funded the Agency at FY 2012 levels. This was followed by a budget for the remainder of the fiscal year that reduced the Agency's enacted funding level of $17. 5 billion by $626.5 million, or approximately 4% due to sequestration. These financial pressures look to repeat themselves in FY 2014, with no annual budget in place at the beginning of the fiscal year and potential sequestration impacts that could reduce NASA's budget request of $17.7 billion by $1.5 billion to $16.2 billion. As the National Research Council noted in its 2012 report examining NASA's strategic direction and management, NASA's budget is 'mismatched to the current portfolio of missions, facilities, and staff,'" the OIG report stated.'"
schwit1 sends this news from the Washington Times: "Pennsylvania police this week were pulling people to the side of the road, quizzing them on their driving habits, and asking if they'd like to provide a cheek swap or a blood sample — the latest in a federally contracted operation that's touted as making roads safer. The same operation took place last month at a community in Texas. Then, drivers were randomly told to pull off the road into a parking lot, where white-coated researchers asked if they'd like to provide DNA samples for a project that determines what percentage of drivers are operating under the influence of drugs or alcohol at given times. With uniformed police in the background, the researchers also offered the motorists money — up to $50 or so — for the blood or saliva samples."
theodp writes "Speaking at a memorial event for the legendary Douglas Engelbart at the Computer History Museum, Ted Nelson was pissed-with-a-capital-P. Nelson in effect gave two powerful eulogies — one for his friend Dr. Engelbart, who left this Earth in July, and a second for Engelbart's career, which essentially began 'dying' four decades earlier due to short-sighted organizations' failure to fund the brilliant guy who gave the world The Mother of All Demos in 1968. 'Let us never forget that Doug Engelbart was dumped by ARPA,' Nelson laments. 'Doug Engelbart was dumped by SRI, Doug Engelbart was snubbed by Xerox PARC, and for the rest of his working life he had no chance to take us further...Just as we can only guess what John Kennedy might have done, we can only guess what Doug Engelbart might have done had he not been cut down in his prime.' It's a very moving and passionate speech (despite some oddly inappropriate audience laughter). And, alas, a very sad one in a world that throws $4 billion at the likes of Snapchat and Pinterest."
An anonymous reader writes "A 28-year-old man in Sweden has been fined 4.3 million SEK (~650,000 USD) for uploading one movie. 300,000 SEK of that was added because of the upload's low technical quality (Google translation of Swedish original). The court ruled that the viewer watching the pirated version of the movie had a worse experience than people watching it legally, thereby causing damage to the movie's reputation (full judgement in Swedish)."
schwit1 sends this excerpt from CBS: "'Enough' with the multivitamins already. That's the message from doctors behind three new studies and an editorial that tackled an oft-debated question in medicine: Do daily multivitamins make you healthier? After reviewing the available evidence and conducting new trials, the authors have come to a conclusion of 'no.' 'We believe that the case is closed — supplementing the diet of well-nourished adults with (most) mineral or vitamin supplements has no clear benefit and might even be harmful,' concluded the authors of the editorial summarizing the new research papers, published Dec. 16 in the Annals of Internal Medicine. 'These vitamins should not be used for chronic disease prevention. Enough is enough.' They went on to urge consumers to not 'waste' their money on multivitamins."
tsu doh nimh writes "Security experts have long opined that one way to make software more secure is to hold software makers liable for vulnerabilities in their products. This idea is often dismissed as unrealistic and one that would stifle innovation in an industry that has been a major driver of commercial growth and productivity over the years. But a new study released this week presents perhaps the clearest economic case yet for compelling companies to pay for information about security vulnerabilities in their products. Stefan Frei, director of research at NSS Labs, suggests compelling companies to purchase all available vulnerabilities at above black-market prices, arguing that even if vendors were required to pay $150,000 per bug, it would still come to less than two-tenths of one percent of these companies' annual revenue (PDF). To ensure that submitted bugs get addressed and not hijacked by regional interests, Frei also proposes building multi-tiered, multi-region vulnerability submission centers that would validate bugs and work with the vendor and researchers. The questions is, would this result in a reduction in cybercrime overall, or would it simply hamper innovation? As one person quoted in the article points out, a majority of data breaches that cost companies tens of millions of dollars have far more to do with other factors unrelated to software flaws, such as social engineering, weak and stolen credentials, and sloppy server configurations."
PolygamousRanchKid writes with news that GM's outgoing CEO doesn't agree with the National Law and Policy Center's call for GM to repay the loss made by the Treasury from their bailout. From the article: "GM CEO Dan Akerson rejects any suggestion that the company should compensate for the losses. He says Treasury officials took the same risk assumed by anyone who purchases stock. Akerson said that GM repaid all the debt issued by the government beginning in December 2008 when George W. Bush was still president and extending into the first year of Barack Obama's presidency. He added that it was the Treasury's decision ... to take an ownership stake in the form of company shares."
Sockatume writes "Since 2011, Amazon Instant Video has sold a series of Christmas shorts from Disney called 'Prep and Landing'. Unfortunately this holiday season, Disney has had a change of heart and has decided to make the shorts exclusive to its own channels. The company went so far as to retroactively withdrawn the shows from Amazon, so that customers who have already paid for them no longer have access. Apparently this reverse-Santa ability is a feature Amazon provides all publishers, and customers have little recourse but to go cap-in-hand to a Disney outlet and pay for the shows again."
An anonymous reader writes "Bitcoin creator Satoshi Nakamoto could be a group from Europe which has a strong footing in the financial sector. From the article: 'Josh Zerlan, the Chief Operating Officer of Butterfly Labs and a person familiar with the Bitcoin network, has said it is highly likely that Nakamoto could be a group of people working the financial sector. Speaking to IBTimes UK on the sidelines of a Global Bitcoin Conference in Bangalore, India, Zerlan said: "One of the prevailing theories, I think has credibility, is that it was some group of people from financial sector that created this. They released it and stepped back and let it go. So, Satoshi Nakamoto is a group of people, I think, is a reasonable possibility."'"
Hugh Pickens DOT Com writes "Alan Schwarz writes in the NYT that the rise of ADHD diagnoses and prescriptions for stimulants over the years have coincided with a remarkably successful two-decade campaign by pharmaceutical companies to publicize the syndrome and promote the pills to doctors, educators and parents. 'The numbers make it look like an epidemic. Well, it's not. It's preposterous,' says Dr. Keith Conners, a psychologist who has led the fight to legitimize attention deficit hyperactivity disorder for more than fifty years. Few dispute that classic ADHD, historically estimated to affect 5 percent of children, is a legitimate disability that impedes success at school, work and personal life. But recent data from the CDC show that the diagnosis had been made in 15 percent of high school-age children, and that the number of children on medication for the disorder had soared to 3.5 million from 600,000 in 1990." (Read on for more.)
An anonymous reader writes "Norway is the latest country to consider the legal implications of cryptocurrencies like Bitcoin. Norway's director general of taxation has come out and said '[Bitcoin] doesn't fall under the usual definition of money,' which means that it will be considered as assets and charged under capital gains laws. This sentiment was echoed last week by the European banking authority as well, where citizens were warned of using the cyrptocurrency."
SonicSpike writes "Light bulb manufacturers will cease making traditional 40 and 60-watt light bulbs — the most popular in the country — at the start of 2014. This comes after the controversial phasing out of incandescent 75 and 100-watt light bulbs at the beginning of 2013. In their place will be halogen bulbs, compact fluorescent bulbs, LED bulbs and high efficiency incandescents — which are just regular incandescents that have the filament wrapped in gas. All are significantly more expensive than traditional light bulbs, but offer significant energy and costs savings over the long run. (Some specialty incandescents — such as three-way bulbs — will still be available.) ... The rules were signed into law by President George W. Bush in 2007. They are designed to address gross inefficiencies with old light bulbs — only 10% of the energy they use is converted into light, according to the Environmental Protection Agency, which has a handy fact sheet about the changes. The rest is wasted as heat. But the rules have drawn fire from a number of circles — mainly conservatives and libertarians who are unhappy about the government telling people what light bulbs they can use. They argue that if the new ones really are so good, people will buy them on their own without being forced to do so."
An anonymous reader writes "I'm not a big fan of heat maps, but the US Census Bureau has just released a set of maps that succinctly capture average income distribution across the US. BusinessInsider points out that well over half of the most affluent counties in the US are concentrated in the Northeast (counting Virginia, presumably for the suburbs of Washington, D.C. located in that southern state). Of course, the cost of living is higher in those counties as well. Meanwhile, poor counties tend to be clustered in the southeast and in southwestern states on the Mexican border. There is good news for the northern prarie states, though, particularly North and South Dakota, as they lead in the number of counties with gains in household income over the past five years."
New submitter Kenseilon writes "Extremetech reports that the recent price hike of Litecoins has triggered yet another arms race for the *coinminers out there, leading to a shortage of AMD graphics cards. While Bitcoin mining is quickly becoming unfeasible for GPU rigs with general purpose graphics cards, there are several alternative currencies with opportunities. The primary candidate is now Litecoin, which has the aim of 'being silver if Bitcoin is gold' Swedish Tech site Sweclockers also reports [in Swedish] that GPU manufacturer Club3D have told them that miners are becoming a new important group of potential customers. However, concerns are being raised that this is a temporary boom that may hurt AMD in the long run, since gamers, their core consumer group, may not be able to acquire the cards and instead opt for Nvidia."