Hugh Pickens writes "With the 'fiscal cliff' just weeks away, Chris O'Brien writes that venture capital fundraising in silicon valley is down, the amount invested is down, the number of folks investing in venture capital is down, and the number of VC firms and partners are down. 'The people I talked to in the industry sounded grim even as they tried to make the case for optimism,' writes O'Brien. 'Still, it remains difficult to identify a clear path for turning things around for the battered venture capitalists who make Silicon Valley hum.' So what's wrong with the VC industry? The problems are many and complex but they can be boiled down to one thing: Not enough exits. For the size of venture capital being raised and invested, there simply aren't enough initial public offerings of stock or mergers and acquisitions to generate the returns that funds need. Venture insiders blame the global economic uncertainty. They believe that is part of the reason that giant corporations, which have amassed huge piles of cash, are just sitting on it, rather then using it to acquire startups. 'The numbers are way down,' said Ray Rothrock, a partner at Venrock. 'All these companies with these fantastic balance sheets, and nobody is really buying anything. With all the uncertainty they're facing with the economy and taxes, buying little companies is way down on their list.'"
Slashdot is powered by your submissions, so send in your scoop
KermMartian writes "It has been nearly two decades since Texas Instruments released the TI-82 graphing calculator, and as the TI-83, TI-83+, and TI-84+ were created in the intervening years, these 6MHz machines have only become more absurdly retro, complete with 96x64-pixel monochome LCDs and a $120 price tag. However, a student member of a popular graphing calculator hacking site has leaked pictures and details about a new color-screen TI-84+ calculator, verified to be coming soon from Texas Instruments. With the lukewarm reception to TI's Nspire line, it seems to be an attempt to compete with Casio's popular color-screen Prizm calculator. Imagine the graphs (and games!) on this new 320x240 canvas."
dryriver writes "George Entwistle, the new Director General of the BBC who had been on the job for a mere 54 days, has voluntarily resigned over a BBC program that featured 'poor journalism'. The program in question was 'Newsnight', which typically features hard-hitting investigative journalism similar to American programs like '60 Minutes'. On Friday night, Newsnight accused a prominent Conservative MP and former adviser to Margaret Thatcher, Lord Alistair McAlpine, of having sexually abused a number of young boys at Bryn Estyn Children's Home in the 70s and 80s. Only after Newsnight aired with the allegations in the UK did the BBC realize that 'the wrong photographs were shown' to the alleged sexual abuse victims, who are now adults, and that Lord Alistair McAlpine had nothing whatsoever to do with the abuses committed. Newsnight's 'poor journalism' caused George Entwistle, the Director General of the British Broadcasting Corporation, to resign voluntarily over the scandal caused by the erroneous allegations. This example of an important media chief 'resigning voluntarily due to bad journalism' is interesting, because many TV, Web and Print journalists make 'serious mistakes' in their coverage at some point or the other, and quite often no heads roll whatsoever as a result."
First time accepted submitter GinaSmith888 writes "This is a deep dive in the BP protocol Vint Cerf developed that is the heart of NASA's Delay-Tolerant Networking, better known as DTN. From the article: 'The big difference between BP and IP is that, while IP assumes a more or less smooth pathway for packets going from start to end point, BP allows for disconnections, glitches and other problems you see commonly in deep space, Younes said. Basically, a BP network — the one that will the Interplanetary Internet possible — moves data packets in bursts from node to node, so that it can check when the next node is available or up.'"
Hugh Pickens writes "Megan Garber writes that in the age of the quantified self, biases are just one more thing that can be measured, analyzed, and publicized. The day after Barack Obama won a second term as president of the United States, a group of geography academics took advantage of the fact that many tweets are geocoded to search Twitter for racism-revealing terms that appeared in the context of tweets that mentioned 'Obama,' 're-elected,' or 'won,' sorting the tweets according to the state they were sent from and comparing the racist tweets to the total number of geocoded tweets coming from that state during the same time period. Their findings? Alabama and Mississippi have the highest measures followed closely by Georgia, Louisiana, and Tennessee forming a fairly distinctive cluster in the southeast. Beyond that cluster North Dakota and Utah both had relatively high scores (3.5 each), as did Missouri, Oregon, and Minnesota. 'These findings support the idea that there are some fairly strong clustering of hate tweets centered in southeastern U.S. which has a much higher rate than the national average,' writes Matthew Zook. 'But lest anyone elsewhere become too complacent, the unfortunate fact is that most states are not immune from this kind of activity. Racist behavior, particularly directed at African Americans in the U.S., is all too easy to find both offline and in information space.'"
dryriver sends this excerpt from the Guardian: "Scientists have pinpointed a new treasure trove in our oceans: micro-organisms that contain millions of previously unknown genes and thousands of new families of proteins. These tiny marine wonders offer a chance to exploit a vast pool of material that could be used to create innovative medicines, industrial solvents, chemical treatments and other processes, scientists say. Researchers have already created new enzymes for treating sewage and chemicals for making soaps from material they have found in ocean organisms. 'The potential for marine biotechnology is almost infinite,' says Curtis Suttle, professor of earth, ocean and atmospheric sciences at the University of British Columbia. 'It has become clear that most of the biological and genetic diversity on Earth is – by far – tied up in marine ecosystems, and in particular in their microbial components. By weight, more than 95% of all living organisms found in the oceans are microbial. This is an incredible resource.'"
Penurious Penguin writes "The Wall Street Journal, in correspondence with Chevron representatives, reveals that back in 2010, Stuxnet reached Chevron, where it managed to infect — but not significantly affect — the oil giant's network. According to a Chevron representative speaking to CNET, the issue was 'immediately addressed ... without incident.' The Stuxnet worm is believed to be the work of the U.S. and Israel, and this report is confirmation that it struck well wide of its intended targets. Chevron's general manager of the earth sciences department, Mark Koelmel, said to CIO Journal, 'I don't think the U.S. government even realized how far it had spread ... I think the downside of what they did is going to be far worse than what they actually accomplished.'"
SternisheFan writes with this excerpt from NBC News: "The killer storm that hit the East Coast last month and left the nation's largest city with a crippled transit system, widespread power outages and severe flooding has resurfaced the debate about how best to protect a city like New York against rising storm surges. In a 2011 report called 'Vision 2020: New York City Comprehensive Waterfront Plan,' NYC's Department of City Planning listed restoring degraded natural waterfront areas, protecting wetlands and building seawalls as some of the strategies to increase the city's resilience to climate change and sea level rise. 'Hurricane Sandy is a wake-up call to all of us in this city and on Long Island,' Malcolm Bowman, professor of physical oceanography at State University of New York at Stony Brook, told NBC News' Richard Engel. 'That means designing and building storm-surge barriers like many cities in Europe already have.' Some of the projects showcased at Rising Currents include: Ways to make the surfaces of the city more absorptive (through porous sidewalks) and more able to deal with water, whether coming from the sea or sky; Parks and freshwater and saltwater wetlands in Lower Manhattan; Artificial islands or reefs (including ones made of recycled glass) to make the shoreline more absorptive and break the waves."
WOOFYGOOFY writes "The NY Times and Voice Of America are reporting on a study by the U.S. National Research Council (PDF) which was released Friday linking global climate change to national security. The report, which was developed at the request of the C.I.A., characterizes the threats posed by climate change as 'similar to and in many cases greater than those posed by terrorist attacks. 'Climate-driven crises could lead to internal instability or international conflict and might force the United States to provide humanitarian assistance or, in some cases, military force to protect vital energy, economic or other interests, the study said.' If the effect of unaddressed climate change is the functional equivalent of terrorist attacks on the nation, does the Executive Branch, as a matter of national security, have a duty and a right to begin to act unilaterally against climate change irrespective of what Congress currently believes?"
theodp writes "Online education has had a fifty-year road to 'overnight' success. MIT Technology Review calls the emergence of free online education, particularly massive open online courses (MOOCs), The Most Important Education Technology in 200 Years. 'If you were asked to name the most important innovation in transportation over the last 200 years,' writes Antonio Regalado, 'you might say the combustion engine, air travel, Henry Ford's Model-T production line, or even the bicycle. The list goes on. Now answer this one: what's been the single biggest innovation in education? Don't worry if you come up blank. You're supposed to.' Writing about MOOC Mania in the Communications of the ACM, Moshe Y. Vardi worries that 'the enormous buzz about MOOCs is not due to the technology's intrinsic educational value, but due to the seductive possibilities of lower costs.' And in MOOCs Will Eat Academia, Vivek Haldar writes, 'MOOCs will almost certainly hollow out the teaching component of universities as it stands today...But all is not lost, because the other thing universities do is research, and that is arguably as important, if not more, than teaching.' So, are MOOCs the best thing since sliced bread, or merely the second coming of 1920s Postal Course Mania?"
An anonymous reader writes "Car dealers in New York and Massachusetts have filed a lawsuit that seeks to block Tesla from selling its pricey electric vehicles in those states. The dealers say they are defending state franchise laws, which require manufacturers to sell cars through dealers they do not own. Robert O'Koniewski of the Massachusetts State Automobile Dealers Association says, 'Those dealers are investing millions of dollars in their franchises to make sure they comply with their franchise agreements with the manufacturers. Tesla is choosing to ignore the law and then is choosing to play outside that system.'"
Hugh Pickens writes "Coffee is the world's favorite beverage and the second-most traded commodity after oil. Now Nick Collins reports that rising global temperatures and subtle changes in seasonal conditions could make 99.7 per cent of Arabica-growing areas unsuitable for the plant before the end of the century and in some areas as soon as 2020. Even if the beans do not disappear completely from the wild, climate change is highly likely to impact yields. The taste of coffee, a beverage of choice among Slashdot readers, will change in future decades. 'The worst case scenario, as drawn from our analyses, is that wild Arabica could be extinct by 2080,' says Justin Moat. 'This should alert decision makers to the fragility of the species.'" Read more, below.
jfruh writes "In the mid-00s, more and more people started learning about Android, a Linux-based smartphone OS. Open source advocates in particular thought they could be seeing the mobile equivalent of Linux — something you could download, tinker with, and sell. Today, though, the Android market is dominated by Google and the usual suspects in the handset business. The reason nobody's been able to launch an Android empire from the garage is fairly straightforward: the average smartphone is covered by over 250,000 patents."
pigrabbitbear writes with an update to the story, based on a DigiTimes report, that iPhone maker Foxconn would be opening a new factory in the U.S. "Foxconn makes a lot of stuff, but as it's one of Apple primary manufacturing partners, lots of people jumped to the salacious conclusion that a U.S.-based Foxconn factory could finally produce an American-made iPhone. Foxconn denied the DigiTimes report today. A company spokeswoman told CNET that the company actually 'already has multiple facilities based in the U.S.' but that 'there are no current plans to expand our operations there at this time.' Foxconn doesn't make iPhones in the existing U.S. factories, and they don't plan to."
An anonymous reader writes "Now that Windows 8 is on sale and has already been purchased by millions, expect very close scrutiny of Microsoft's latest and greatest security features. 0-day vulnerabilities are already being claimed, but what about the malware that's already out there? When tested against the top threats, Windows 8 is immune to 85 percent of them, and gets infected by 15 percent, according to tests run by BitDefender."