The Almighty Buck

New York's $6 Billion Plan For Offshore Wind Shows That Oil Drilling Really Is On the Way Out (businessinsider.com) 399

An anonymous reader quotes a report from Business Insider: Governor Andrew Cuomo unveiled a plan earlier this month to develop $6 billion of offshore wind projects off the southern coast of Long Island by 2028 and predicted that the industry would bring 5,000 jobs to the state. The plan calls for developing 2.4 gigawatts -- enough to power 1.2 million homes -- by 2030. It's all part of New York's Clean Energy Standard, which requires 50% of the state's electricity come from renewable sources like solar and wind. The move comes as President Donald Trump earlier this month announced a five-year plan to open up areas of the East Coast to offshore drilling.

"While the federal government continues to turn its back on protecting natural resources and plots to open up our coastline to drilling, New York is doubling down on our commitment to renewable energy and the industries of tomorrow," Cuomo said in a statement. Cuomo has asked Secretary of the Interior Ryan Zinke for an exemption from the drilling plan, saying in an open letter that the plan "undermines New York's efforts to combat climate change by shifting from greenhouse gas emitting fossil energy sources to renewable sources, such as offshore wind." The report identifies a 1 million acre site approximately 20 miles south of Long Island that would best support the wind turbines, and "ensure that, for the vast majority of the time, turbines would have no discernible or visible impact from the casual viewer on the shore."
The report also notes that New Jersey announced a similar plan last Wednesday to develop 3.5 gigawatts of offshore wind capacity off its coast.
Bitcoin

Man Sues T-Mobile For Allegedly Failing To Stop Hackers From Stealing His Cryptocurrency (theverge.com) 133

Over the weekend, a lawsuit was filed against T-Mobile claiming that the company's lack of security allowed hackers to enter his wireless account last fall and steal cryptocoins worth thousands of dollars. "Carlos Tapang of Washington state accuses T-Mobile of having 'improperly allowed wrongdoers to access' his wireless account on November 7th last year," reports The Verge. "The hackers then cancelled his number and transferred it to an AT&T account under their control. 'T-Mobile was unable to contain this security breach until the next day,' when it finally got the number back from AT&T, Tapang alleges in the suit, first spotted by Law360." From the report: After gaining control of his phone number, the hackers were able to change the password on one of Tapang's cryptocurrency accounts and steal 1,000 OmiseGo (OMG) tokens and 19.6 BitConnect coins, Tapang claims. The hackers then exchanged the coins for 2.875 Bitcoin and transferred it out of his account, the suit states. On November 7th, the price of Bitcoin was $7,118.80, so had the hackers cashed out then, they would have netted a profit of $20,466.55. Tapang goes on to say, "After the incident, BTC price reached more than $17,000.00 per coin," but given the volatility of bitcoin prices, the hackers may not have benefited from the soar.

The suit alleges T-Mobile is at fault partly because the carrier said it would add a PIN code to Tapang's account prior to the incident, but didn't actually implement it. Tapang also states that hackers are able to call T-Mobile's customer support multiple times to gain access to customer accounts, until they're able to get an agent on the line that would grant them access without requiring further identity verification. The complaint also lists several anonymous internet users who have posted about similar security breaches to their own T-Mobile accounts.

The Courts

What We Learned From Day 1 of the Uber and Alphabet Trial (arstechnica.com) 25

Recode highlights the presentations each side gave on Day 1 in the Waymo v. Uber trial: Alphabet's self-driving arm, Waymo, and Uber gave their opening statements in front of a jury on Monday, commencing the courtroom phase of what has already been a messy legal battle. The day was entirely about opening arguments, but both Uber's and Waymo's strategy centers largely on one thing: Our opponent stooped to the levels they did because they were afraid we would beat them. Uber claims Waymo's lawsuit is baseless and is only suing because they were upset they were losing top talent at a time when competing companies began gaining ground. Waymo claims Uber was worried about getting beat in the self-driving car race so it stole Waymo's trade secrets when it hired one of its former executives. If Uber loses the case, it could have to pay out millions of dollars in damages and potentially stall its self-driving efforts. For Waymo, losing the case will have largely reputational risks. Alphabet rarely, if ever, sues over any issues with people or other companies, which means this litigation carries a lot of weight.

Uber as the defense doesn't have to prove anything, just cast enough doubt on Waymo's claims. Waymo has to prove both motivation on the part of Uber to intentionally steal trade secrets, and that the information Uber stole was proprietary. "That was quite the story," Uber attorney Bill Carmody said in his opening statement. "I want to tell you right up front. It didn't happen, there's no conspiracy, there's no cheating, period end of story." It'll be up to the jury to determine if Waymo has presented enough evidence to prove that not only did Uber steal trade secrets, that the company was using them in their current self-driving technology. Painting Waymo as a company that was growing increasingly concerned over losing top engineers to Uber -- in addition to harboring personal grievances against Levandowski -- could help the ride-hail company convince the jury that Waymo had ulterior motives with its lawsuit.
Recode has a detailed list in their report of all the evidence Uber and Waymo presented against one another, as well as their strategies going forward.
Government

New Jersey Governor Signs Net Neutrality Order (thehill.com) 60

An anonymous reader quotes a report from The Hill: New Jersey on Monday became the latest state to implement its own net neutrality rules following the Federal Communications Commission's repeal of the Obama-era consumer protections. Gov. Phil Murphy (D) signed an executive order prohibiting all internet service providers that do business with the state from blocking, throttling or favoring web content.

"We may not agree with everything we see online, but that does not give us a justifiable reason to block the free, uninterrupted, and indiscriminate flow of information," Murphy said in a statement. "And, it certainly doesn't give certain companies or individuals a right to pay their way to the front of the line. "While New Jersey cannot unilaterally regulate net neutrality back into law or cement it as a state regulation, we can exercise our power as a consumer to make our preferences known," he added. Gurbir Grewal, New Jersey's attorney general, also announced on Monday that the state would be the 22nd to join a lawsuit against the FCC.

Businesses

Samsung Billionaire Gets Off Easy (gizmodo.com) 93

Lee Jae-yong, the Samsung chief found guilty of bribery and embezzlement, was freed from prison after an appeals court reduced and suspended his five-year prison sentence. Gizmodo reports: Lee had pleaded not guilty to all charges and spent nearly a year in jail, CNN reported, before the appeals court reduced his sentence to two and a half years and suspended it for four. The court reportedly found him guilty of one bribery charge, but not of hiding money offshore. It also overturned another bribery charge. It's important to understand that Samsung has a tight grip on the country's economy. Known as a "chaebol," or a (usually family-owned) business conglomerate, Samsung contributes to a little over one-fifth of the country's exports. Its businesses make up about 15 percent of the country's total economy. It is extremely rare for leaders of the country's chaebols to be justly punished for their crimes -- most convicted are ultimately pardoned or granted a commutation. Lee's father, Lee Kun-hee, has been pardoned twice for similar charges.
Facebook

Seattle Finds Facebook in Violation of City Campaign Finance Law (reuters.com) 106

Seattle's election authority said on Monday that Facebook is in violation of a city law that requires disclosure of who buys election ads, the first attempt of its kind to regulate U.S. political ads on the internet. From a report: Facebook must disclose details about spending in last year's Seattle city elections or face penalties, Wayne Barnett, executive director of the Seattle Ethics and Elections Commission, said in a statement. The penalties could be up to $5,000 per advertising buy, Barnett said, adding that he would discuss next steps this week with Seattle's city attorney.
Bitcoin

US Regulators To Back More Oversight of Virtual Currencies (reuters.com) 121

Digital currencies such as bitcoin demand increased oversight and may require a new federal regulatory framework, the top U.S. markets regulators will tell lawmakers at a congressional hearing on Tuesday. From a report: Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC), and Jay Clayton, chairman of the Securities and Exchange Commission (SEC), will provide testimony to the Senate Banking Committee amid growing global concerns over the risks virtual currencies pose to investors and the financial system. Giancarlo and Clayton will say a patchwork of rules for cryptocurrency exchanges may need to be reviewed in favour of a rationalised federal framework, according to prepared testimony published on Monday. Congressional sources told Reuters the hearing will largely be a fact-finding exercise focusing on the powers of the SEC and CFTC to oversee cryptocurrency exchanges, how the watchdogs can protect investors from volatility and fraud, and the risks posed by cyber criminals intent on stealing digital tokens.
United Kingdom

Lauri Love Ruling 'Sets Precedent' For Trying Hacking Suspects in UK (theguardian.com) 222

A high court ruling blocking extradition to the US of Lauri Love, a student accused of breaking into US government websites, has been welcomed by lawyers and human rights groups as a precedent for trying hacking suspects in the UK in future. From a report: The decision delivered by the lord chief justice, Lord Burnett of Maldon, is highly critical of the conditions Love would have endured in US jails, warning of the risk of suicide. Lawyers for the 33-year-old, who lives in Suffolk, had argued that Love should be tried in Britain for allegedly hacking into US government websites and that he would be at risk of killing himself if sent to the US. There was cheering and applause in court on Monday when Burnett announced his decision. He asked supporters to be quiet, saying: "This is a court, not a theatre." In his judgment, Burnett said: "It would not be oppressive to prosecute Mr Love in England for the offences alleged against him. Far from it. Much of Mr Love's argument was based on the contention that this is indeed where he should be prosecuted
Businesses

US Consumer Protection Official Puts Equifax Probe on Ice (reuters.com) 145

From a report on Reuters: Mick Mulvaney, head of the Consumer Financial Protection Bureau, has pulled back from a full-scale probe of how Equifax failed to protect the personal data of millions of consumers, according to people familiar with the matter. Equifax said in September that hackers stole personal data it had collected on some 143 million Americans. Richard Cordray, then the CFPB director, authorized an investigation that month, said former officials familiar with the probe. But Cordray resigned in November and was replaced by Mulvaney, President Donald Trump's budget chief. The CFPB effort against Equifax has sputtered since then, said several government and industry sources, raising questions about how Mulvaney will police a data-warehousing industry that has enormous sway over how much consumers pay to borrow money. The CFPB has the tools to examine a data breach like Equifax, said John Czwartacki, a spokesman, but the agency is not permitted to acknowledge an open investigation. "The bureau has the desire, expertise, and know-how in-house to vigorously pursue hypothetical matters such as these," he said.
Social Networks

Former Google/Facebook/Mozilla Employees Will Fight Addictive Technologies (qz.com) 121

An anonymous reader quotes Quartz: A new alliance made up of former Silicon Valley cronies has aseembled to challenge the technological Frankenstein they've collectively created. The Center for Humane Technology is a group comprising former employees and pals of Google, Facebook, and Mozilla. The nonprofit launches today (Feb. 4) in the hopes that it can raise awareness about the societal tolls of technology, which its members believe are inherently addictive. The group will lobby for a bill to research the effects of technology on children's health... On Feb. 7, the group's members will participate in a conference focused on digital health for kids, hosted by the nonprofit Common Sense.
The group also plans an anti-tech addiction ad campaign at 55,000 schools across America, and has another $50 million in media airtime donated by partners which include Comcast and DirecTV.

The group's co-founder, a former Google design ethicist, told Quartz that tech companies "profit by drilling into our brains to pull the attention out of it, by using persuasion techniques to keep [us] hooked." And the group's web page argues that "What began as a race to monetize our attention is now eroding the pillars of our society: mental health, democracy, social relationships, and our children."
The Media

Hulu, NBC Experience Glitches During Super Bowl Telecast (theverge.com) 98

Variety reports: NBC's coverage of Super Bowl LII briefly went dark for nearly 30 seconds on Sunday night. NBC released a brief statement attributing the outage to an equipment failure... "We had a brief equipment failure that we quickly resolved," the statement read. "No game action or commercial time were missed." The outage happened during a commercial pause in the action between the New England Patriots and the Philadelphia Eagles.
And anonymous reader shared another story from The Verge: Hulu's live TV subscription service cut off the end of tonight's Super Bowl in some markets during the climactic final moments of the Eagles/Patriots game. Tom Brady was making a last-ditch push down the field in hopes of tying the 41-33 contest when Hulu customers lost all video and audio from NBC and U.S. Bank Stadium. Not everyone experienced the abrupt cutoff, which occurred at approximately 10:00PM ET. But those who did received an error screen before the game's conclusion. Error messages ranged from "no content available" to one that said the game couldn't be shown due to rights restrictions. Complaints immediately surged on Twitter and Reddit... In a tweet, the company said there had been "a technical issue" and said users could restart their Hulu app to restore the game feed.

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