AmiMoJo shares a report from Electrek: The U.S. installed 50 gigawatts (GW) of new solar capacity in 2024, the largest single year of new capacity added to the grid by any energy technology in over two decades. That's enough to power 8.5 million households. According to the U.S. Solar Market Insight 2024 Year in Review report (PDF) released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, solar and storage account for 84% of all new electric generating capacity added to the grid last year.

In addition to historic deployment, surging U.S. solar manufacturing emerged as a landmark economic story in 2024. Domestic solar module production tripled last year, and at full capacity, U.S. factories can now produce enough to meet nearly all demand for solar panels in the U.S. Solar cell manufacturing also resumed in 2024, strengthening the U.S. energy supply chain. [...] Total US solar capacity is expected to reach 739 GW by 2035, but the report forecasts include scenarios showing how policy changes could impact the solar market. [...] The low case forecast shows a 130 GW decline in solar deployment over the next decade compared to the base case, representing nearly $250 billion of lost investment.

An anonymous reader quotes a report from TechCrunch: There's a power crunch looming as AI and cloud providers ramp up data center construction. But a new report suggests that a solution lies beneath their foundations. Advanced geothermal power could supply nearly two-thirds of new data center demand by 2030, according to an analysis by the Rhodium Group. The additions would quadruple the amount of geothermal power capacity in the U.S. -- from 4 gigawatts to about 16 gigawatts -- while costing the same or less than what data center operators pay today. In the western U.S., where geothermal resources are more plentiful, the technology could provide 100% of new data center demand. Phoenix, for example, could add 3.8 gigawatts of data center capacity without building a single new conventional power plant.

Geothermal resources have enormous potential to provide consistent power. Historically, geothermal power plants have been limited to places where Earth's heat seeps close to the surface. But advanced geothermal techniques could unlock 90 gigawatts of clean power in the U.S. alone, according to the U.S. Department of Energy. [...] Because geothermal power has very low running costs, its price is competitive with data centers' energy costs today, the Rhodium report said. When data centers are sited similarly to how they are today, a process that typically takes into account proximity to fiber optics and major metro areas, geothermal power costs just over $75 per megawatt hour. But when developers account for geothermal potential in their siting, the costs drop significantly, down to around $50 per megawatt hour.

The report assumes that new generating capacity would be "behind the meter," which is what experts call power plants that are hooked up directly to a customer, bypassing the grid. Wait times for new power plants to connect to the grid can stretch on for years. As a result, behind the meter arrangements have become more appealing for data center operators who are scrambling to build new capacity.

Spain's government has approved legislation imposing substantial fines of up to 35 million euros or 7% of global turnover on companies that fail to clearly label AI-generated content. Reuters reports: The bill adopts guidelines from the European Union's landmark AI Act imposing strict transparency obligations on AI systems deemed to be high-risk, Digital Transformation Minister Oscar Lopez told reporters. "AI is a very powerful tool that can be used to improve our lives ... or to spread misinformation and attack democracy," he said. Spain is among the first EU countries to implement the bloc's rules, considered more comprehensive than the United States' system that largely relies on voluntary compliance and a patchwork of state regulations. Lopez added that everyone was susceptible to "deepfake" attacks - a term for videos, photographs or audios that have been edited or generated through AI algorithms but are presented as real. [...]

The bill also bans other practices, such as the use of subliminal techniques - sounds and images that are imperceptible - to manipulate vulnerable groups. Lopez cited chatbots inciting people with addictions to gamble or toys encouraging children to perform dangerous challenges as examples. It would also prevent organizations from classifying people through their biometric data using AI, rating them based on their behavior or personal traits to grant them access to benefits or assess their risk of committing a crime. However, authorities would still be allowed to use real-time biometric surveillance in public spaces for national security reasons.

Southwest Airlines boasts that its passengers' "bags fly free" -- but not for long. From a report: Starting May 28 -- just in time for the busy summer travel season -- only Southwest's most elite Rapid Rewards A-List Preferred members and passengers who book their top-tier Business Select fares will receive two free checked bags. Frequent flyer A-List Members, Southwest-branded credit card holders and other select customers will be allowed one checked bag.

Everyone else will be charged for their first and second checked bags on flights booked on or after May 28, the carrier says. It's a break with Southwest's 54 year history -- one that could undermine customer loyalty to the carrier, according to experts. "This is how you destroy a brand. This is how you destroy customer preference. This is how you destroy loyalty. And this, I think, is going to send Southwest into a financial tailspin," airline industry analyst Henry Harteveldt, of Atmosphere Research Group, told CBS News senior transportation correspondent Kris Van Cleave. "Southwest, with these changes, becomes just another airline."

Nearly every country on Earth has dirtier air than doctors recommend breathing, a report has found. From a report: Only seven countries met the World Health Organization's guidelines for tiny toxic particles known as PM2.5 last year, according to analysis from the Swiss air quality technology company IQAir. Australia, New Zealand and Estonia were among the handful of countries with a yearly average of no more than 5ug of PM2.5 per cubic metre, along with Iceland and some small island states.

The most polluted countries were Chad, Bangladesh, Pakistan, the Democratic Republic of the Congo and India. PM2.5 levels in all five countries were at least 10 times higher than guideline limits in 2024, the report found, stretching as much as 18 times higher than recommended levels in Chad. Doctors say there are no safe levels of PM2.5, which is small enough to slip into the bloodstream and damage organs throughout the body, but have estimated millions of lives could be saved each year by following their guidelines. Dirty air is the second-biggest risk factor for dying after high blood pressure.

A critical root certificate expiring on March 14, 2025 will disable extensions and potentially break DRM-dependent streaming services for Firefox users running outdated browsers. Users must update to at least Firefox 128 or ESR 115.13+ to maintain functionality across Windows, macOS, Linux, and Android platforms.

The expiration additionally compromises security infrastructure, including blocklists for malicious add-ons, SSL certificate revocation lists, and password breach notifications. Even those on legacy operating systems (Windows 7/8/8.1, macOS 10.12â"10.14) must update to minimum ESR 115.13+.

The US's largest pension fund has classified more than $3 billion of holdings in oil drillers, coal miners, and other major greenhouse gas producers as climate-friendly investments, according to a new analysis of public records. From a report: Stakes in Saudi Aramco, Chevron Corp. and Chinese coal company Inner Mongolia Dian Tou Energy are among the holdings that California Public Employees' Retirement System labeled as "climate solutions." The findings are part of a report from California Common Good, a coalition of environmental advocates and public sector unions. The group, which has called for Calpers to divest from major oil and gas companies, is staging protests Tuesday at Chevron's San Francisco Bay Area refinery and in the burn zone of the Eaton fire near Los Angeles.

An anonymous reader quotes a report from The Guardian: The pollution of the planet by microplastics is significantly cutting food supplies by damaging the ability of plants to photosynthesize, according to a new assessment. The analysis estimates that between 4% and 14% of the world's staple crops of wheat, rice and maize is being lost due to the pervasive particles. It could get even worse, the scientists said, as more microplastics pour into the environment. About 700 million people were affected by hunger in 2022. The researchers estimated that microplastic pollution could increase the number at risk of starvation by another 400 million in the next two decades, calling that an "alarming scenario" for global food security. [...]

The new study, published in the journal Proceedings of the National Academy of Sciences, combined more than 3,000 observations of the impact of microplastics on plants, taken from 157 studies. Previous research has indicated that microplastics can damage plants in multiple ways. The polluting particles can block sunlight reaching leaves and damage the soils on which the plants depend. When taken up by plants, microplastics can block nutrient and water channels, induce unstable molecules that harm cells and release toxic chemicals, which can reduce the level of the photosynthetic pigment chlorophyll. The researchers estimated that microplastics reduced the photosynthesis of terrestrial plants by about 12% and by about 7% in marine algae, which are at the base of the ocean food web. They then extrapolated this data to calculate the reduction in the growth of wheat, rice and maize and in the production of fish and seafood.

Asia was hardest hit by estimated crop losses, with reductions in all three of between 54 million and 177 million tons a year, about half the global losses. Wheat in Europe was also hit hard as was maize in the United States. Other regions, such as South America and Africa, grow less of these crops but have much less data on microplastic contamination. In the oceans, where microplastics can coat algae, the loss of fish and seafood was estimated at between 1m and 24m tonnes a year, about 7% of the total and enough protein to feed tens of millions of people. Further reading: Are Microplastics Bad For Your Health? More Rigorous Science is Needed

A volunteer group called WikiPortraits is working to address Wikipedia's issue of featuring outdated and unflattering portraits by providing high-quality, openly licensed images. Since 2024, they have covered global festivals, taken thousands of images, and improved representation of underrepresented individuals, though challenges with funding and media credentials remain. 404 Media reports: This portrait problem stems from Wikipedia's mission to provide free reliable information. All media on the site must be openly licensed, so that anyone can use it free of charge. That, in turn, means that most photos of notable people on the site are of notably poor quality. "No professional photographers ever have their photos on Wikipedia, because they want to make money from the photos," said Jay Dixit, a writing professor and amateur Wikipedia photographer. "It's actually the norm that most celebrities have poor photos on Wikipedia, if they have photos at all. It's just some civilian at an airport being like, 'Oh my god, it's Pete Davidson,' click with an iPhone."

Dixit is part of a team of volunteer photographers, called WikiPortraits, that's trying to fix that problem. "It's been in the back of our minds for quite a while now," said Kevin Payravi, one of WikiPortraits' cofounders. "Last year, finally, we decided to make this a reality, and we got a couple of credentials for Sundance 2024 [a major film festival]. We sent a couple photographers there, we set up a portrait studio, and that was our first organized effort here in the U.S. to take good quality photos of people for Wikipedia."

Since last January, WikiPortraits photographers have covered around 10 global festivals and award ceremonies, and taken nearly 5,000 freely-licensed photos of celebrity attendees. And the celebrity attendees are often quite excited about it. [...] WikiPortraits photos are currently used on Wikipedia articles in over 120 languages, and they're viewed up to 80 million times per month from those pages alone. In January, for example, Payravi said that over 1,500 WikiPortraits photos were used on articles that collectively received 140 million views. Many WikiPortraits photos have also been used by a variety of news outlets around the world, including CNN Brasil, Times of Israel, and multiple non-English-language smaller news organizations. "[N]ot being an official news or photo agency means WikiPortraits sometimes faces problems getting media credentials to cover events," notes 404 Media. "Funding poses another main challenge."

"Photographers must already own a professional-quality camera, and usually have to cover the cost of getting to events and at least part of their lodging. Although WikiPortraits sometimes receives rapid grants from the Wikimedia Foundation and private donors to cover costs, Payravi said he still likes to run a 'tight ship.'"

The US will be "central" to solving the climate crisis despite Donald Trump's withdrawal of government support and cash, the president of the next UN climate summit has said. From a report: Andre Correa do Lago, president-designate of the Cop30 summit for the host country, Brazil, hinted that businesses and other organisations in the US could play a constructive role without the White House. "We have no idea of ignoring the US," he told journalists on a call on Friday. "The US is a key country in this exercise. There is the US government, which will limit its participation [but] the US is a country with such amazing technology, amazing innovation -- this is the US that can contribute. The US is a central country for these discussions and solutions."

Brazil has also vowed to hold an "ethical stocktake" aimed at examining climate justice issues, for poor and vulnerable people, and to give Indigenous people a key role at the talks. Correa do Lago wrote to all UN countries on Monday, setting out Brazil's expectations that all governments will draw up national plans for steep cuts in greenhouse gas emissions before the conference starts in Belem, a rainforest city at the mouth of the Amazon, in November.

Red Hat product manager Pau Garcia Quiles (also long-time Slashdot reader paugq) spotted an interesting project on GitHub: Free95, a new lean, Windows-compatible operating system is available from GitHub. In its current form, it can run very basic Win32 GUI and console applications, but its developer promises to keep working on it to reach DirectX and even game compatibility.
"Free95 is your friendly Windows Environment with an added trust of the open source community," according to its README file. (It's licensed under the GPL-3.0 license.) And in answer to the question "Why?" it responds "To remove Windows's bloat, and security problems. Being controlled by a large corporation is unsettling."

"It's still in-development of course," the developer post recently on Reddit, "and I'll appreciate anyone who'd like to contribute." In one comment they claim Free95 is "much more lightweight, simpler and faster than ReactOS." And looking to the future, they add "I might do DirectX stuff and make some games run. Or, what about DOOM?"

Philosophy/ethics professor Troy Jollimore looks at the implications of a world where many students are submitting AI-generated essays. ("Sometimes they will provide quotations, giving page numbers that, as often as not, do not seem to correspond to anything in the actual world...") Ideally if the students write the essays themselves, "some of them start to feel it. They begin to grasp that thinking well, and in an informed manner, really is different from thinking poorly and from a position of ignorance. That moment, when you start to understand the power of clear thinking, is crucial.

"The trouble with generative AI is that it short-circuits that process entirely." One begins to suspect that a great many students wanted this all along: to make it through college unaltered, unscathed. To be precisely the same person at graduation, and after, as they were on the first day they arrived on campus. As if the whole experience had never really happened at all. I once believed my students and I were in this together, engaged in a shared intellectual pursuit. That faith has been obliterated over the past few semesters. It's not just the sheer volume of assignments that appear to be entirely generated by AI — papers that show no sign the student has listened to a lecture, done any of the assigned reading, or even briefly entertained a single concept from the course...

It's other things too... The students who beg you to reconsider the zero you gave them in order not to lose their scholarship. (I want to say to them: Shouldn't that scholarship be going to ChatGPT?â) It's also, and especially, the students who look at you mystified. The use of AI already seems so natural to so many of them, so much an inevitability and an accepted feature of the educational landscape, that any prohibition strikes them as nonsensical. Don't we instructors understand that today's students will be able, will indeed be expected, to use AI when they enter the workforce? Writing is no longer something people will have to do in order to get a job.

Or so, at any rate, a number of them have told me. Which is why, they argue, forcing them to write in college makes no sense. That mystified look does not vanish — indeed, it sometimes intensifies — when I respond by saying: Look, even if that were true, you have to understand that I don't equate education with job training.

What do you mean? they might then ask.

And I say: I'm not really concerned with your future job. I want to prepare you for life...

My students have been shaped by a culture that has long doubted the value of being able to think and write for oneself — and that is increasingly convinced of the power of a machine to do both for us. As a result, when it comes to writing their own papers, they simply disregard it. They look at instructors who levy such prohibitions as irritating anachronisms, relics of a bygone, pre-ChatGPT age.... As I go on, I find that more of the time, energy, and resources I have for teaching are dedicated to dealing with this issue. I am doing less and less actual teaching, more and more policing. Sometimes I try to remember the last time I actually looked forward to walking into a classroom. It's been a while.

Last week Google urged the U.S. government not to break up the company — but apparently, it didn't work.
In a new filing Friday, America's Justice Department "reiterated its November proposal that Google be forced to sell its Chrome web browser," reports the Washington Post, "to address a federal judge finding the company guilty of being an illegal monopoly in August." The government also kept a proposal that Google be banned from paying other companies to give its search engine preferential placement on their apps and phones. At the same time, the government dropped its demand that Google sell its stakes in AI start-ups after one of the start-ups, Anthropic AI, argued that it needed Google's money to compete in the fast-growing industry.

The government's final proposal "reaffirms that Google must divest the Chrome browser — an important search access point — to provide an opportunity for a new rival to operate a significant gateway to search the internet, free of Google's monopoly control," Justice Department lawyers wrote in the filing... Judge Amit Mehta, of the U.S. District Court for the District of Columbia, who had ruled that Google held an illegal monopoly, will decide on the final remedies in April.
The article quotes a Google spokesperson's response: that the Justice Department's "sweeping" proposals "continue to go miles beyond the court's decision, and would harm America's consumers, economy and national security."

U.S. president Donald Trump called Daylight Saving Time "very costly to our nation" and "inconvenient" in December. Today the Washington Post remembers he'd vowed his Republican party would use their "best efforts" to eliminate it.

But it's still proving to be politically difficult... Polls have shown that most Americans oppose the time shifts but disagree on what should replace them... [U.S. political leaders] also say they are grappling with whether the nation should permanently move the clocks forward one hour, an idea championed by lawmakers on the coasts who say it would allow for more sunshine during the winter, or remain on year-round standard time, which is favored by neurologists who say it aligns with our circadian rhythms. That decision would rest with Congress, not the president. The split often reflects regional, not political, differences, based on where time zones fall; a year-round "spring forward" would mean winter sunrises that could creep past 9 a.m. in cities such as Indianapolis and Detroit, prompting many local lawmakers to oppose the idea...

[A 2022 Senate vote to make Daylight Saving Time permanent] awoke a new lobbying effort from advocates such as the American Academy of Sleep Medicine, which warned that year-round daylight saving time would be unhealthy, citing risks such as higher rates of obesity or metabolic dysfunction. Some researchers warned of a condition dubbed "social jetlag," saying that internal body clocks and rhythms would be persistently misaligned if human clocks were permanently set forward an hour. The concerted resistance from the health groups — which some congressional aides jokingly referred to as "Big Sleep" — helped kill the measure in the House and has contributed to a stalemate over how to proceed...

Today, roughly two-thirds of Americans want to end the clock changes, polls show. But even those Americans don't agree on what should come next. An October 2023 YouGov poll found that 33 percent of respondents wanted year-round daylight saving time, 23 percent wanted permanent standard time, and 9 percent had no preference. The remainder weren't sure or preferred to remain on the current system... The political fight is far from over, with Trump allies such as Sen. Tommy Tuberville (R-Alabama) pledging to keep pushing for year-round daylight saving time. Some congressional Republicans also have privately called for a hearing in front of the House Energy and Commerce Committee, with hopes of advancing the Sunshine Protection Act.

This week the Free Software Foundation "backed a lone developer's brave effort to overturn a pivotal court ruling that threatens to undermine the AGPLv3 — the foundation's GNU Affero General Public License, version 3," reports the Register.

"At stake is the future of not just the AGPLv3, but the FSF's widely used GNU Public License it is largely based on, and the software covered by those agreements." A core tenet of the GPL series is that free software remains free forever, and this is woven into the licenses' fine print. This ongoing legal battle is a matter of whether people can alter those licenses and redistribute code as they see fit in a non-free way, or if they must stick to the terms of an agreement that says the terms cannot be changed... If the Ninth Circuit upholds the [original district court] ruling, it's likely to create a binding precedent that would limit one of the major freedoms that AGPLv3 and other GPL licenses aim to protect — the ability to remove restrictions added to GPL licensed code.
"Neo4j appended an additional nonfree commercial restriction, the Commons Clause, to a verbatim version of the GNU AGPLv3 in a version of its software..." according to an FSF announcement this week. "The FSF's position on such confusing licensing practices has always been clear: the GNU licenses explicitly allow users to remove restrictions incompatible with the four freedoms." (You can read their amicus brief here.)

Thanks to Slashdot reader jms00 for sharing the news.

Sam Bankman-Fried — one of the largest donors to the Democratic Party — "was convicted of fraud, sentenced to 25 years in prison and mostly went silent," reports the Wall Street Journal. "Until recently..." Now, from behind bars at the Metropolitan Detention Center in Brooklyn, Bankman-Fried is orchestrating an extraordinary public-relations blitz that looks very much like a campaign to make the most audacious trade of his career: support for President Trump's agenda in return for a presidential pardon...

There is little downside to Bankman-Fried's long-shot effort to secure a pardon. As the appeal that he filed last year works its way through the courts, Bankman-Fried, 33, is staring down a prison sentence that could extend until his 50s... The crowning touch of his campaign came on Thursday, when Bankman-Fried gave a jailhouse interview to "The Tucker Carlson Show," which was released on social-media channels including X and YouTube. Appearing on video in a brown jumpsuit, he criticized Washington bureaucrats and crypto regulators — and suggested that he went to prison out of political retribution... [Carlson's title for the interview? "Sam Bankman-Fried on Life in Prison With Diddy, and How Democrats Stole His Money and Betrayed Him."]

The interview hadn't been approved by the Federal Bureau of Prisons, according to a person familiar with the matter. Bankman-Fried spoke with Carlson through a link that is typically used by inmates to communicate with their lawyers, the person said. After the interview, Bankman-Fried was placed in solitary confinement, but he was out by Friday afternoon, according to a person familiar with the matter... Bankman-Fried is trying to highlight in media appearances and in any interaction with Trump's team that FTX customers are set to be made whole with interest through the bankruptcy proceedings — at least in dollar terms. Many of those creditors remain furious that they missed out on bitcoin's rally since November 2022.
Bankman-Fried "wants to set the record straight on his political beliefs, which he believes have been misconstrued," according to the article. "While he has given heavily to Democrats, he has also donated to Republican causes, including the contribution of millions to a group supporting Senator Mitch McConnell."

But the New York Times, citing "people with knowledge" of his pardon-seeking efforts, reported that "So far, the push does not appear to have gained traction."

The Open Source Initiative's Board of Directors election "has become embroiled in controversy..." writes Steven J. Vaughan-Nichols at The New Stack.

"The real issue is the community's opposition to the open source AI definition (OSAID), which the organization released last October," he adds — but "the election process has been criticized because the OSI has refused to accept the candidacy of Debian developer Luke Faraone, citing a missed application deadline." Faraone claims they submitted their application around 9 p.m. PST on Feb. 17, while the OSI maintains the deadline was 11:59 p.m. UTC (3:59 p.m. PST) on the same day.

The dispute has raised a firestorm about the clarity of communication regarding deadlines and time zones. Critics argue that the deadline's time zone was not clearly specified on the OSI's public-facing website. Tracy Hinds, chair of OSI, acknowledged this oversight but stated that full members received multiple emails with the correct time zone information. "Everyone who is qualified to run for elections (full members of OSI) received emails with the time zone," wrote Hinds, in an email to The New Stack. "The public-facing web page did not have the time zone, and we've now updated it for clarity going forward.

"Extending the deadline would be unfair to the other candidates...."

On LinkedIn, Bruce Perens, one of the OSI's founders wrote, "Open Source Initiative invents rule at the last minute to deny opposition candidate's nomination for their board election."
There are three board sets up for election in March, the article points out. "Two well-known figures in the open source world — Richard Fontana, Red Hat's principal commercial counsel and a former OSI board member, and [Bradley] Kuhn, policy fellow and hacker-in-residence at the Software Freedom Conservancy — are running on a joint platform of repealing the open source AI definition."

In a blog post Faraone promised a similar platform (also supporting a repeal of the definition) — had their candidacy not been rejected.

Equuleus42 (Slashdot reader #723) brings word that the Electronic Frontier Foundation (EFF) is sharing a new tool for fighting back against cellphone surveillance by Stingray cell-site simulators.

Android Authority reports: "Rayhunter" uses an open-source software package designed to look for evidence of IMSI catchers in action, running on an old Orbic Speed RC400L mobile hotspot. The great thing about that choice is that you can pick one up for practically nothing — we're seeing them listed for barely over $10 on Amazon, and you can find them even cheaper on eBay. There's an installation script for Macs and Linux to automate getting set up, but once the Orbic is flashed with the Rayhunter software, it should be ready go, collecting data about sketchy-looking "cell towers" it picks up.

Right now, much of the use of IMSI catchers is still shrouded in mystery, with the groups who regularly employ them extremely hesitant to disclose their methods. As a result, a big focus of this EFF project is just getting more info on how and where these are actually used, giving protestors a better sense of the steps they'll need to take if they want to protect their privacy.

New submitter grandrollerz writes: Despite streaming online since the RealAudio days of the late 1990s, the BBC has announced that most of its radio stations will become unavailable to international users later this year. Starting in Spring 2025, only talk news stations BBC World Service and BBC Radio 4 will remain accessible outside the UK. This change is due to rights issues and the launch of a new BBC audio website and app that will replace BBC Sounds for international users. The BBC Sounds app will be available exclusively to UK audiences, although UK users traveling abroad for short periods will still be able to use it. This move has disappointed many long-time international listeners who will lose access to their favorite BBC radio stations. It follows a similar move to further commercialize its services where in 2024 the BBC and Amazon Music struck a global deal to make BBC podcasts available on Amazon Music outside the UK, but only for subscribers to Amazon's Prime and Amazon Music Unlimited services.

The spectacular collapse of fintech middleman Synapse has left $200 million in customer money frozen and up to $95 million missing, with no clear answers about where the funds went. After Synapse, a financial technology company connecting other fintechs to banks, filed for bankruptcy in April 2024, customers of apps like Yotta, Juno, and Copper found themselves locked out of their savings.

Founded in 2014 by Sankaet Pathak, Synapse connected consumer-facing fintech platforms with banks holding customer deposits. The disaster unfolded after relationships with regional bank Evolve and unicorn client Mercury deteriorated, triggering a chain reaction through the financial infrastructure. Nearly a year later, Fortune reports that a Department of Justice criminal investigation is underway, while the bankruptcy's court-appointed trustee called the situation an "awful, awful" mess. The debacle, the outlet writes, exposes the risks lurking beneath popular financial apps operating in a regulatory frontier where customer funds travel across an invisible bridge of intermediaries.