Businesses

Former Female Oracle Employees Sue Company For Alleged Pay Discrimination (techcrunch.com) 121

Three female, former Oracle employees are suing Oracle for allegedly paying women less than men in similar jobs. Rong Jewett, Sophy Wang and Xian Murray filed a lawsuit August 28, seeking a class-action status to represent all other women who have worked at the company. TechCrunch reports: The lawsuit, first reported by The Information, alleges that Oracle discriminated against women by "systematically paying them lower wage rates than Oracle pays to male employees performing substantially equal or similar work under similar working conditions," the filing states. The time period the lawsuit references is four years prior to the filing and through the date of the trial in California. Referencing how the U.S. Department of Labor sued Oracle in January based on its compliance review that found "systemic discrimination against women" and "gross disparities in pay," the lawsuit states Oracle had known or should have known about the pay disparity between its male and female employees. The plaintiffs are seeking wages due, interest and liquidated damages plus interest. They also want Oracle to guarantee they won't pay women less than men for similar work in the future.
United States

US Slashing Embassy Staff In Cuba Because of Apparent Sonic 'Attacks' (qz.com) 70

PolygamousRanchKid shares a report from The Washington Post (Warning: may be paywalled; alternative source): The United States is yanking more than half its diplomatic personnel from its embassy in Havana and warning Americans not to visit Cuba, saying it is for their own safety after a string of mysterious injuries harmed at least 21 Americans stationed there. "We have no reports that private U.S. citizens have been affected, but the attacks are known to have occurred in U.S. diplomatic residences and hotels frequented by U.S. citizens," Secretary of State Rex Tillerson said in a statement. "The Department does not have definitive answers on the cause or source of the attacks and is unable to recommend a means to mitigate exposure." Investigators are looking into the possibility that they were subjected to some sort of "sonic attack," among other theories, though it is not clear why American diplomats and a handful of Canadian envoys would be the only ones to complain of symptoms. Cuba has denied having anything to do with the injuries. Among the possibilities being explored is that agents acting on behalf of a third country may be responsible.
Bitcoin

South Korea Bans Initial Coin Offerings (reuters.com) 45

An anonymous reader quotes a report from Reuters: South Korea's financial regulator on Friday said it will ban raising money through all forms of virtual currencies, a move that follows similar restrictions in China on initial coin offerings. The Financial Services Commission said all kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored. The decision to ban ICOs as a fundraising tool was made as the government sees such issues as increasing the risk of financial scams.

"Raising funds through ICOs seem to be on the rise globally, and our assessment is that ICOs are increasing in South Korea as well," the regulator said in a statement after a meeting with the finance ministry, the Bank of Korea and the National Tax Service. "Stern penalties" will be issued on financial institutions and any parties involved in issuing of ICOs, the statement added, without elaborating further on the details of those penalties.

Earth

Elon Musk Proposes City-to-City Travel By Rocket, Right Here on Earth (theverge.com) 318

SpaceX CEO Elon Musk unveiled revised plans to travel to the Moon and Mars at a space industry conference today, but he ended his talk with a pretty incredible promise: using that same interplanetary rocket system for long-distance travel on Earth. From a report: Musk showed a demonstration of the idea onstage, claiming that it will allow passengers to take "most long-distance trips" in just 30 minutes, and go "anywhere on Earth in under an hour" for around the same price as an economy airline ticket. Musk proposed using SpaceX's forthcoming mega-rocket (codenamed Big Fucking Rocket or BFR for short) to lift a massive spaceship into orbit around the Earth. The ship would then settle down on floating landing pads near major cities. Both the new rocket and spaceship are currently theoretical, though Musk did say that he hopes to begin construction on the rocket in the next six to nine months. In SpaceX's video that illustrates the idea, passengers take a large boat from a dock in New York City to a floating launchpad out in the water. There, they board the same rocket that Musk wants to use to send humans to Mars by 2024. But instead of heading off to another planet once they leave the Earth's atmosphere, the ship separates and breaks off toward another city -- Shanghai. Just 39 minutes and some 7,000 miles later, the ship reenters the atmosphere and touches down on another floating pad, much like the way SpaceX lands its Falcon 9 rockets at sea. Other routes proposed in the video include Hong Kong to Singapore in 22 minutes, London to Dubai or New York in 29 minutes, and Los Angeles to Toronto in 24 minutes.
Ubuntu

Ubuntu To Stop Offering 32-Bit ISO Images, Joining Many Other Linux Distros (bleepingcomputer.com) 133

An anonymous reader writes: Canonical engineer Dimitri John Ledkov announced on Wednesday that Ubuntu does not plan to offer 32-bit ISO installation images for its new OS version starting with the next release — Ubuntu 17.10 (Artful Aardvark) scheduled for release on October 19. The decision comes after month-long discussions on the dwindling market share of 32-bit architectures. Ledkov made it clear that Canonical does not plan to stop support for 32-bit architectures. The Ubuntu team plans to continue to offer security updates and bug fixes, but they won't be offering new ISO images. Lubuntu and Xubuntu, which are Ubuntu offshoots created to run on older computers, will most likely continue to provide 32-bit ISO images, as this is their bread and butter. Manjaro, Tails, and Arch Linux announced similar decisions. Even Google dropped support for Chrome on 32-bit Linux platforms, way back in 2015, predicting the overall trend.
Bitcoin

Chaos and Hackers Stalk Investors on Cryptocurrency Exchanges (reuters.com) 64

From a report: Dan Wasyluk discovered the hard way that trading cryptocurrencies such as bitcoin happens in an online Wild West where sheriffs are largely absent. Wasyluk and his colleagues raised bitcoins for a new tech venture and lodged them in escrow at a company running a cryptocurrency exchange called Moolah. Just months later the exchange collapsed; the man behind it is now awaiting trial in Britain on fraud and money-laundering charges. He has pleaded not guilty. Wasyluk's project lost 750 bitcoins, currently worth about $3 million, and he believes he stands little chance of recovering any money. [...] Cryptocurrencies were supposed to offer a secure, digital way to conduct financial transactions, but they have been dogged by doubts. Concerns have largely focused on their astronomical gains in value and the likelihood of painful price crashes. Equally perilous, though, are the exchanges where virtual currencies are bought, sold and stored. These exchanges, which match buyers and sellers and sometimes hold traders' funds, have become magnets for fraud and mires of technological dysfunction, a Reuters examination shows, posing an underappreciated risk to anyone who trades digital coins. Huge sums are at stake.
Businesses

Equifax CEO Richard Smith Who Oversaw Breach To Collect $90 Million (fortune.com) 170

An anonymous reader shares a report: The CEO of Equifax is retiring from the credit reporting bureau with a pay day worth as much as $90 million -- or roughly 63 cents for every customer whose data was potentially exposed in its recent security breach. Richard Smith, 57, is the third Equifax executive to retire under pressure following the company's massive data breach revealed earlier this month, putting the personal information of as many as 143 million people at risk. Equifax said Tuesday that as a condition of Smith's retirement, he "irrevocably" forfeits any right to a bonus in 2017, an amount that under normal circumstances would have totaled more than $3 million -- the bonus he received in 2016 -- according to the company's retirement policy. But the CEO is still set to collect about $72 million this year alone (including nine months' worth of his $1,450,000 salary), plus another $17.9 million over the next few years. That's when the rest of Smith's stock compensation hits a few important milestones or "vests," allowing Smith to essentially put it in his bank account. Altogether, it adds up to a total potential paycheck of more than $90.1 million, according to Fortune's calculations based on Equifax securities filings.
IBM

IBM Now Has More Employees In India Than In the US (newsindiatimes.com) 217

New submitter Zorro shares a report from The New York Times (Warning: source may be paywalled; alternative source): Over the last decade, IBM has shifted its center of gravity halfway around the world to India, making it a high-tech example of the globalization trends that the Trump administration has railed against. Today, the company employs 130,000 people in India -- about one-third of its total work force, and more than in any other country. Their work spans the entire gamut of IBM's businesses, from managing the computing needs of global giants like AT&T and Shell to performing cutting-edge research in fields like visual search, artificial intelligence and computer vision for self-driving cars. One team is even working with the producers of Sesame Street to teach vocabulary to kindergartners in Atlanta.

The work in India has been vital to keeping down costs at IBM, which has posted 21 consecutive quarters of revenue declines as it has struggled to refashion its main business of supplying tech services to corporations and governments. The company's employment in India has nearly doubled since 2007, even as its work force in the United States has shrunk through waves of layoffs and buyouts. Although IBM refuses to disclose exact numbers, outsiders estimate that it employs well under 100,000 people at its American offices now, down from 130,000 in 2007. Depending on the job, the salaries paid to Indian workers are one-half to one-fifth those paid to Americans, according to data posted by the research firm Glassdoor.

Mars

Dubai Proposes Giant Simulated Mars City In the Desert (newatlas.com) 104

future guy shares a report from New Atlas: The UAE government has announced it is building the world's largest space simulation city, and to top it off it will be designed by one of the world's flashiest architects, Bjarke Ingels, whose company is literally called BIG. The project is called the Mars Science City and will cover 1.9 million sq ft (176,516 sq m) at a cost of nearly $140 million dollars. The city will span several domes, including a space for a team to live for up to a year as part of a Mars simulation. Several scientific laboratories will be included, focusing on developing methods for a Mars colony to produce food, energy and water. A museum exhibiting great space achievements will also be incorporated into the city with the walls of the museum being 3D printed using sand from the nearby Emirati desert.

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