Social Networks

Low-Tech Video Game Streams Are Taking Off On TikTok (polygon.com) 14

Ana Diaz writes via Polygon: Jack Morrison logs on to stream, he doesn't boot up Twitch, Streamlabs OBS, or speak into a fancy microphone. Instead, he grabs a basic circular mirror and sets it in front of his desktop monitor, facing the screen. Then he sits in front of his monitor, as usual, and plays the game, propping up his cell phone to face him and setting his camera live. When he boots up Apex Legends, viewers see the gameplay reflected in the mirror as they watch him play. This makeshift setup might have been surprising just a year ago, in an industry that seems to be more and more concerned with having the latest streaming technology. But it's become a rather common practice on TikTok, where video game streaming has picked up in the past few months. In September, the company said that one billion people in total use the app each month, and jokes and sounds riffing on video games have long proliferated widely across TikTok. Now, Morrison (JackMorrisonTV on TikTok) and other streamers with similarly crude setups have taken over the app's "LIVE" section, capturing as many as 2,400 viewers at a time.

These streamers are using low-key setups, in comparison to the complex (and expensive) setups that dominate Twitch, where a DSLR camera and the capture card to use it can cost over $800. The exact build of each TikToker's setup varies, but nearly all of them capture video via an external camera that's focused on a screen, or in Morrison's case, a reflection of a screen. A brief scroll through the gaming section of TikTok's live content shows these streamers' ingenuity; some will stream videos of tablets or phones as they play mobile games, while others will just put the camera in front of a screen. The games also vary widely, with people playing games like Snake, Minecraft, and Wordscapes in addition to shooters like Valorant.

The number of live streams is much smaller than the wave of short-form videos being pushed out every single day on the app, making them stand out more. It also feels like a more accessible platform, especially for people who are just getting started with streaming. TikTok streamers are using more basic technology, such as mirrors, cell phone stands, and the like. It's also less competitive than Twitch, which has over seven million unique streamers go live each month. [...] TikTok is also testing monetization features that might make it more appealing for streamers to use. [...] For now, streams seem like a quick and easy way to take advantage of TikTok's massive audience. Whether or not bona fide TikTok streaming stars will emerge on the platform or find a sustainable home there remains to be seen.

Bitcoin

New NYC Mayor Eric Adams Wants the City To Have Its Own Cryptocurrency (vice.com) 59

An anonymous reader quotes a report from Motherboard: Former police officer, vegan, and mayor-elect of New York City Eric Adams has dreams of putting the Big Apple on the blockchain. In an interview with Bloomberg Radio on Wednesday, Adams bragged that he would finally transform the city into one hospitable to cryptocurrency. "We need to look at what's preventing the growth of bitcoins and cryptocurrency in our city," Adams told Bloomberg on Wednesday. He pointed to Miami, which has recently attempted to attract the cryptocurrency industry to the city, teasing a "friendly competition" on the horizon. "He has a MiamiCoin that is doing very well -- we're going to look in the direction to carry that out."

Adams has been promising to do this since he was a candidate last year, vowing to make the city a hub of all things crypto. "I'm going to promise you in one year, you're going to see a different city," he said at one event last June. "We're going to bring businesses here. We're going to become the center of life science, the center of cybersecurity, the center of self-driving cars and drones, the center of bitcoins, the center of all the technology," It's still not clear what that actually means or would entail. This may mean contending with the state's cryptocurrency regulations -- namely the Bitlicense. Introduced in 2015, the Bitlicense is a requirement for any entity that wants to carry out cryptocurrency-related transactions.

Businesses

Google Wants To Work with the Pentagon Again, Despite Employee Concerns (nytimes.com) 51

Three years after an employee revolt forced Google to abandon work on a Pentagon program that used artificial intelligence, the company is aggressively pursuing a major contract to provide its technology to the military. From a report: The company's plan to land the potentially lucrative contract, known as the Joint Warfighting Cloud Capability, could raise a furor among its outspoken work force and test the resolve of management to resist employee demands. In 2018, thousands of Google employees signed a letter protesting the company's involvement in Project Maven, a military program that uses artificial intelligence to interpret video images and could be used to refine the targeting of drone strikes. Google management caved and agreed to not renew the contract once it expired.

The outcry led Google to create guidelines for the ethical use of artificial intelligence, which prohibit the use of its technology for weapons or surveillance, and hastened a shake-up of its cloud computing business. Now, as Google positions cloud computing as a key part of its future, the bid for the new Pentagon contract could test the boundaries of those A.I. principles, which have set it apart from other tech giants that routinely seek military and intelligence work. The military's initiative, which aims to modernize the Pentagon's cloud technology and support the use of artificial intelligence to gain an advantage on the battlefield, is a replacement for a contract with Microsoft that was canceled this summer amid a lengthy legal battle with Amazon. Google did not compete against Microsoft for that contract after the uproar over Project Maven.

The Pentagon's restart of its cloud computing project has given Google a chance to jump back into the bidding, and the company has raced to prepare a proposal to present to Defense officials, according to four people familiar with the matter who were not authorized to speak publicly. In September, Google's cloud unit made it a priority, declaring an emergency "Code Yellow," an internal designation of importance that allowed the company to pull engineers off other assignments and focus them on the military project, two of those people said. On Tuesday, the Google cloud unit's chief executive, Thomas Kurian, met with Charles Q. Brown, Jr., the chief of staff of the Air Force, and other top Pentagon officials to make the case for his company, two people said. Google, in a written statement, said it is "firmly committed to serving our public sector customers" including the Defense Department, and that it "will evaluate any future bid opportunities accordingly."

Security

Cyber Official Warns 'American Way of Life' at Risk From Hackers (bloomberg.com) 42

A top U.S. cybersecurity official offered a dire warning to members of Congress on Wednesday, saying the "American way of life" faces serious risks amid the drumbeat of ransomware attacks and physical threats to the nation's critical infrastructure. From a report: Jen Easterly, director of the Cybersecurity and Infrastructure Security Agency, known as CISA, told the House Homeland Security Committee Wednesday that "ransomware has become a scourge on nearly every facet of our lives, and it's a prime example of the vulnerabilities that are emerging as our digital and our physical infrastructure increasingly converge." Her appearance, aside National Cyber Director Chris Inglis, comes as the private sector and governments have grappled with pervasive cyberattacks during the last 12 months. Some attacks, including the Colonial Pipeline breach in May, have led to gas shortages, disrupted supply chains and exposed federal systems to significant compromise.

Easterly's testimony came after CISA issued a binding operational directive that would create a catalog of known exploited cybersecurity vulnerabilities and would require federal agencies to fix these flaws within specific time frames. It would apply to all software and hardware on federal information systems, including those managed by an agency or hosted by third parties. While the directive would only apply to federal agencies, Easterly said in a statement she wants every organization to adopt the directive "and prioritize mitigation of vulnerabilities listed in CISA's public catalog." Representative John Katko, a Republican from New York, said, "The volume of alerts, advisories, and directives goes to show the pervasiveness of vulnerabilities affecting owners and operators of critical infrastructure, and federal networks." Inglis said that privately owned critical infrastructure, which accounts for 85% of the total, is "increasingly core to the government's imperative to protect and provide for national security."

United States

Biden Administration Blacklists NSO Group over Pegasus Spyware (therecord.media) 18

The United States on Wednesday added the Israeli spyware company NSO Group to its "entity list," a federal blacklist prohibiting the company from receiving some American technologies, after determining the company's phone-hacking tools had been used by foreign governments to "maliciously target government officials, journalists, businesspeople, activists, academics, and embassy workers." From a report: The move is a significant sanction against a company spotlighted in July by the global Pegasus Project consortium, including The Washington Post and 16 other news organizations worldwide. The consortium published dozens of articles detailing misuse of the Pegasus spyware by customers of NSO. The Commerce Department said in a statement that the action is part of the Biden administration's "efforts to put human rights at the center of U.S. foreign policy, including by working to stem the proliferation of digital tools used for repression." The U.S. has also added Israel's Candiru, Russian security firm Positive Technologies, and Singapore-based Computer Security Initiative Consultancy to the entity list.
Education

Brown University Physics Student Manfred Steiner Earns Ph.D. at Age 89 (brown.edu) 54

Brown University: At 89-years-old Manfred Steiner is finally what he always wanted to be: a physicist. On September 15, 2021, Steiner successfully defended his Ph.D. dissertation, "Corrections to the Geometrical Interpretation of Bosonization" in Brown University's Department of Physics with Professor Brad Marston serving as his adviser and Professors James Valles and Antal Jevicki serving as readers. "It's an old dream that starts in my childhood," says Steiner, "I always wanted to become a physicist." To say that Steiner's path to a Ph.D. in physics was not a traditional one would be an understatement. As a young man, Steiner fled the chaos of his birthplace of Vienna as World War II ended and eventually made his way to the United States. Steiner says, "I knew physics was my true passion by the time I graduated high school. But after the war, my uncle and my mother advised me to take up medicine because it would be a better choice in these turbulent after-war years."

Although he excelled at and loved physics, Steiner followed his family's advice. He says, "my uncle was a physician, an ear, nose and throat specialist, and he had taught in the United States for a while. He taught plastic surgery -- showing people how to make noses smaller or how to straighten them out. My family's advice was that medicine was the best path for me. So I reconciled myself, 'they are older and wiser,' and I followed their advice." Steiner went on to earn a medical doctorate in 1955 from the University of Vienna and soon after his graduation he made his way to Washington, D.C. where he finished his initial training in internal medicine. He next began a traineeship in hematology at Tufts University under Dr. William Damashek, who the American Society of Hematology describes as "the preeminent American clinical hematologist of his time." The traineeship included a three-year training in biology at the Massachusetts Institute of Technology and he earned a Ph.D. in biochemistry there in 1967.

Security

Linux Foundation Adds Software Supply Chain Security To LFX (zdnet.com) 12

An anonymous reader quotes a report from ZDNet: LFX supports projects and empowers open source teams by enabling them to write better, more secure code, drive engagement, and grow sustainable software ecosystems," the Linux Foundation says. Now, to address the growing threat of software supply chain attacks, the foundation is upgrading its LFX Security module to deal with these attacks. Jim Zemlin, the Linux Foundation's executive director, announced this new tooling today at the Linux Foundation Membership Summit.

Enhanced and free to use, LFX Security makes it easier for open source projects to secure their code. Specifically, the LFX Security module now includes automatic scanning for secrets-in-code and non-inclusive language, adding to its existing automated vulnerability detection capabilities. Software security firm BluBracket is contributing this functionality to the LFX as part of its mission to make software safer and more secure. This functionality builds on contributions from open source developer security company Snyk, helping make LFX the leading vulnerability detection platform for the open source community. [...] LFX Security will be further scaled out in 2022, helping to solve challenges for hundreds of thousands of critical open source projects under the Open Source Security Foundation. LFX Security is free and available now.

The Courts

Kleiman v. Wright: $65 Billion Bitcoin Case Has Started (yahoo.com) 77

UnknowingFool writes: The civil trial of Ira Kleiman vs. Craig Wright started on Monday in Miami. The estate of David Kleiman is suing Craig Wright, the self declared inventor of bitcoin, for 50% ownership of 1.1 million bitcoins. The estate claims Kleiman was in a partnership with Wright to mine the coins but after Kleiman died in April 2013, Wright denied any partnership. At over $60,000 each per bitcoin, this case is currently worth $65 billion.

Craig Wright has previously claimed he is the inventor of Bitcoin, Satoshi Nakamoto, which has been met with skepticism based on his inability to show any proof. In this case, Wright has made numerous dubious claims. After the case was filed in 2018, Wright claimed he did not have the keys to the coins but that they would be arriving in January 2020 through a "bonded courier." After January 2020, Wright provided keys to the estate for verification which the estate claims the bitcoins were fake. Expressing skepticism that the courier even existed, the estate asked for more information about the courier. Wright then claimed the identity of the courier and all communications were protected under attorney-client privilege as the courier was an attorney.

United States

The Most Detailed Map of Cancer-Causing Industrial Air Pollution In the US (propublica.org) 41

An anonymous reader quotes a report from Pro Publica: It's not a secret that industrial facilities emit hazardous air pollution. A new ProPublica analysis shows for the first time just how much toxic air pollution they emit -- and how much the chemicals they unleash could be elevating cancer risk in their communities. ProPublica's analysis of five years of modeled EPA data identified more than 1,000 toxic hot spots across the country and found that an estimated 250,000 people living in them may be exposed to levels of excess cancer risk that the EPA deems unacceptable.

The agency has long collected the information on which our analysis is based. Thousands of facilities nationwide that are considered large sources of toxic air pollution submit a report to the government each year on their chemical emissions. But the agency has never released this data in a way that allows the public to understand the risks of breathing the air where they live. Using the reports submitted between 2014 and 2018, we calculated the estimated excess cancer risk from industrial sources across the entire country and mapped it all. The EPA's threshold for an acceptable level of cancer risk is 1 in 10,000, meaning that of 10,000 people living in an area, there would likely be one additional case of cancer over a lifetime of exposure. But the agency has also said that ideally, Americans' added level of cancer risk from air pollution should be far lower, 1 in a million. Our map highlights areas where the additional cancer risk is greater than 1 in 100,000 -- 10 times lower than the EPA's threshold, but still high enough to be of concern, experts say.
The map is interactive, allowing you to click on a hot spot to learn more about the industrial emissions there. You can also type in an address to find the increased estimated cancer risk at that location.
Power

US Charging Infrastructure Is Outpacing Forecasts, Study Finds (arstechnica.com) 75

During the first three months of 2021, the United States installed its 100,000th EV charger. Ars Technica reports on the important electric vehicle milestone: Of course, the actual composition of those chargers is important. It's no good having half a million places to plug in if they're all level 1 (120 V AC) chargers that take days to top up a battery EV. But a new report (PDF) from the National Renewable Energy Laboratory has dug into the data, looking at trends to see whether the nation is on track to meet its goals. At first glance, the news is positive. We added 4,566 new chargers during Q1 2021 for a total of 100,709. That means the US is already 20 percent of the way to Biden's 2030 goal. Most of those were level 2 (240 V AC) chargers, which saw 5.4-percent growth. The number of level 1 chargers actually decreased by 2.4 percent, mostly as ChargePoint decommissioned them in favor of level 2 devices.

Because a level 2 charger usually takes 8-10 hours to fully recharge a 250-300 mile BEV, drivers (particularly those who have yet to convert to an electric car) are probably more interested in the number of the faster level 3 (usually known as DC fast) chargers. Depending upon the car and the power output of the DC fast charger, these can charge a battery to 80 percent in 20-50 minutes. There was essentially no growth in DC fast chargers between Q4 2020 and Q1 2021. After multiple quarters of rapid expansion, the number of public DC fast charging ports grew by just 0.4 percent. The NREL attributes this to the integration between ChargePoint's and Greenlots' APIs [...].

Level 2 chargers can recharge any electric car, but not all BEVs can plug in to all DC fast chargers. All US Teslas use a proprietary charging plug, and 56.7 percent of all public DC fast chargers in the US are part of the Tesla Supercharger network. The various charging network APIs don't all report exactly the same information in exactly the same way, so the NREL was only able to determine the charging power for a limited number (6,821) of DC fast chargers. That led to a rather scary-looking pie chart on the Department of Energy's website showing that 40 percent of DC fast chargers were only able to supply 50 kW or less. However, the chart is based on only 6,821 chargers and excludes almost the entire Tesla Supercharger network from its data set.

Facebook

Zuckerberg's Meta Endgame Is Monetizing All Human Behavior (vice.com) 88

An anonymous reader quotes a report from Motherboard, written by Janus Rose: During a tech demo in 2016, CEO Mark Zuckerberg described VR as "the next major computing platform" -- a space where all our social interactions will play out with new levels of physical presence thanks to headsets and motion-controllers. As I wrote at the time, this could only mean one thing: Zuckerberg wants to build virtual environments where all human behavior can be recorded, predicted, and monetized. At the time, the company told me it had "no current plans" to use physical motion data like head and eye movements as a means of predicting behavior and serving ads. Since then, it has made logging into Facebook a mandatory requirement for users of its Oculus headset -- a requirement it was recently pressured to remove. And earlier this year, the company announced its inevitable entry into VR-based advertising, inspiring enough backlash to cause one Oculus developer to abandon its plans for VR ads altogether.

While the bait-and-switch is a familiar and unsurprising move for The Company Formerly Known As Facebook, the announcement of Meta proves that there is no stopping Zuckerberg's plans to mine every human interaction in the world for data that can then be monetized. The brand shift notably comes at a time when the company is under intense scrutiny for its role in spreading disinformation and violence around the world, reinvigorated by revelations from whistleblower Frances Haugin. With Meta, it's safe to assume the predictive algorithms at work will be functionally the same as its predecessor. Data is collected about human behavior, which is then used to build profiles on users and automatically prioritize content they are more likely to interact with. Facebook itself proved the effectiveness of this manipulation with an "emotional contagion" experiment it secretly conducted on users in 2012, which showed that changing a user's feed to show positive or negative content altered the types of content they were likely to post.

This type of algorithmic manipulation forms the core business model of Facebook and countless other apps and social platforms. [...] Researchers have found that this algorithmic "nudging" is possible in embodied virtual spaces too, where the collection of intimate data about physical body movements provides new ways to influence human behavior on a large scale. Companies like RealEyes and Affectiva have marketed AI that they say can predict human emotions by analyzing body language and facial expressions -- a claim that is fiercely contested by AI experts but being widely deployed anyway. In one notable study, researchers determined that AI-controlled digital avatars can be used in virtual spaces to push people into accepting certain political views. In other words, Meta represents a massive investment into the very kind of algorithmic manipulation for which Facebook has been repeatedly maligned.

Earth

As Earth Warms, Human History Is Melting Away (nytimes.com) 37

Climate change is revealing long-frozen artifacts and animals to archaeologists. But the window for study is slender and shrinking. From a report: Glacial archaeology is a relatively new discipline. The ice was literally broken during the summer of 1991 when German hikers in the Otztal Alps spotted a tea-colored corpse half-embedded on the Italian side of the border with Austria. Initially mistaken for a modern-day mountaineer killed in a climbing accident, Otzi the Iceman, as he came to be called, was shown through carbon-dating to have died about 5,300 years ago.

A short, comprehensively tattooed man in his mid-40s, Otzi wore a bearskin cap, several layers of clothing made of goat and deer hides, and bearskin-soled shoes stuffed with grass to keep his feet warm. The Iceman's survival gear included a longbow of yew, a quiver of arrows, a copper ax and a kind of crude first-aid kit full of plants with powerful pharmacological properties. A chest X-ray and a CT scan showed a flint arrowhead buried deep in Otzi's left shoulder, suggesting that he may have bled to death. His killing is humankind's oldest unsolved cold case. Six years later, in the Yukon's snow fields, hunting tools dating back thousands of years appeared from the melting ice. Soon, similar finds were reported in Western Canada, the Rockies and the Swiss Alps.

In 2006, a long, hot autumn in Norway resulted in an explosion of discoveries in the snowbound Jotunheimen mountains, home to the JÃtnar, the rock and frost giants of Norse mythology. Of all the dislodged detritus, the most intriguing was a 3,400-year-old proto-Oxford most likely fashioned out of reindeer hide. The discovery of the Bronze Age shoe signified the beginning of glacial surveying in the peaks of Innlandet County, where the state-funded Glacier Archaeology Program was started in 2011. Outside of the Yukon, it is the only permanent rescue project for discoveries in ice. Glacial archaeology differs from its lowland cousin in critical ways. G.A.P. researchers usually conduct fieldwork only within a short time frame from mid-August to mid-September, between the thaw of old snow and the arrival of new.

United States

The Free Laptop Program Built Into the Biden Reconciliation Plan (theverge.com) 120

After months of negotiations, President Joe Biden's Build Back Better agenda advanced into its last phase of debate this week. The bipartisan infrastructure bill contains billions to expand high-speed broadband across the country, aiming to close the digital divide over the next 10 years. From a report: But the administration's $65 billion down payment on broadband can only help connect families who can afford a computer. So Biden's latest version of the Build Back Better program goes further, allocating new funds to bring federally funded desktops, laptops, and tablets to poor Americans. Last week, the White House released its latest version of the Build Back Better plan, outlining a $1.75 trillion budget proposal to tackle climate change and invest in other social services like Medicare. Deep within the over 1,600 pages of the bill is a new initiative -- the Connected Device Grant Program -- that would help provide free or discounted desktops, laptops, or tablets to low-income households. To accomplish that goal, the Commerce Department would receive $475 million to award community groups that want to distribute these devices locally.
Education

Code.org and Scratch Access Yanked By Chicago Schools Due To Student Privacy Law 76

theodp writes: Chicago Public School (CPS) teachers were 'blindsided' after access to popular classroom software was yanked due to CPS's interpretation of Illinois' Student Online Personal Protection Act (SOPPA), the Chicago Sun-Times reports. Sneha Dey writes, "Among the software products that violate the law, CPS now says, are programs like Code.org, which is widely used in computer science classes, and Adobe applications used for artistic design and newspaper page layouts. That left has many high school newspapers unable to produce their print editions. Also off limits is Scratch, software to create interactive stores, animations and games. CPS had partnered with the Scratch Foundation to hold family coding nights, among other events."

The Blueprint's Karen Buecking has more on how the new student data protection law has upended the computer science curriculum at CPS, noting that CPS teachers received an email from tech-backed Code.org explaining the situation: "We've already signed student data protection agreements with over 150 districts across the state to comply with the new law," said the Code.org representative. "The bad news is CPS's agreement and application process contains onerous requirements unrelated to student privacy that make it prohibitive for organizations like Code.org to agree to CPS's requirements as written."
Earth

Brazil Pledges To End Illegal Deforestation By 2028 89

An anonymous reader quotes a report from Yahoo News: Brazil said it was raising its climate commitments on Monday at the start of the COP26 summit, including ending illegal deforestation by 2028, marking a change of tone after more than two years of soaring destruction under President Jair Bolsonaro. Speaking by live video link, Brazil's Environment minister, Joaquim Pereira Leite, said on Monday the country would cut its greenhouse gas emissions by 50% by 2030, compared with a previous commitment to reduce emissions by 43% over that period.

In a plan to meet that target presented by the Environment Ministry, Brazil moved forward by two years its existing commitment to end deforestation by 2030. That trajectory includes cutting deforestation 15% annually between 2022 and 2024, 40% in 2025 and 2026 and 50% in 2027. Deforestation hit a 12-year high in Brazil's Amazon rainforest in 2020, with preliminary government data showing a possible single-digit decline for 2021. [...] Pereira Leite also said Brazil would formalize a commitment to become "climate neutral" by 2050 during COP26, a promise first made by Bolsonaro in April.
Brazil announced some ambitious environmental promises, but as CNN points out, the country has a dismal track record. "During Bolsonaro's first year in office, in 2019, deforestation in the Amazon rose 34%. The next year, it rose another 7%, according to INPE, the government agency that monitors deforestation in the country."

Some climate activists are "urging delegates at Cop26 not to trust the 'greenwashing' promises of Jair Bolsonaro's government," reports The Guardian. They say the world "should pay more attention to the destructive policies of the recent past than vague promises about the future, which they say are aimed at securing cash."

"Nowadays Brazil has an anti-environmental policy," says Suely Vaz, a former head of the environment regulator Ibama who now works for the Climate Obsevatory. "They are paralyzing everything. Deforestation and forest fires are out of control. This must change to ensure that climate money -- which is important for our country -- can be used in very detailed, specified way."
Bitcoin

Shiba Inu Passes Dogecoin as No. 10 Cryptocurrency (bloomberg.com) 62

Shiba Inu has entered into the top ten most valuable digital assets by market value, "hitting $40 billion and surpassing its cousin and inspiration, Dogecoin," reports Bloomberg. From the report: Shiba was up another 10% at midday on Monday and has doubled in value in the past week. Most of that gain came in a flurry of trading last Wednesday, when it gained a whopping 66%. Even with its recent meteoric rise -- it's up about 900% in the past month -- each Shiba coin costs just a tiny fraction of one cent. If you bought $1,000 worth of Shiba in late September, your 20 million coins would now be worth around $9,000.

Shiba's rise is similar to Dogecoin's ascent in the spring, when it caught fire and rose jumped from around 5 cents to 57 cents between April 7 and May 7. Like many other crypto currencies, Shiba is shrouded in mystery. According to its white paper -- or "Woof Paper," in this case -- the token was started in 2020 by an anonymous person or group named "Ryoshi." The paper, which describes how Shiba and its progeny works, is also peppered with soaring-but-vague platitudes about community, freedom, revolution and destroying traditional paradigms. A person with limited background knowledge of technology and blockchain vernacular would be hard pressed to decipher much of the technical wording in the white paper.

Bitcoin

Squid Game Cryptocurrency Scammers Make Off With $2.1 Million (gizmodo.com) 49

An anonymous reader quotes a report from Gizmodo: The anonymous hucksters behind a Squid Game cryptocurrency have officially pulled the rug on the project, making off with an estimated $2.1 million. [...] The SQUID cryptocurrency peaked at a price of $2,861 before plummeting to $0 around 5:40 a.m. ET., according to the website CoinMarketCap. This kind of theft, commonly called a "rug pull" by crypto investors, happens when the creators of the crypto quickly cash out their coins for real money, draining the liquidity pool from the exchange.

The SQUID crypto coin was launched just last week and included plenty of red flags, including a three-week old website filled with bizarre spelling and grammatical errors. The website, hosted at SquidGame.cash, has disappeared, along with every other social media presence set up by the scammers. You can see an archived version of the website here. Other red flags included the fact that SQUID's Telegram channel, set up by the unknown scammers, didn't allow comments from outsiders. And the Twitter account made it impossible for anyone to reply to posts.

The Almighty Buck

Stablecoins Are a Compelling Payment Option, But They Need To Be Regulated, Biden Administration Report Says (cnbc.com) 49

Stablecoins, a popular type of digital asset pegged to traditional currencies, could transform the way Americans pay for everything from cell phones and gasoline to haircuts and cups of coffee, according to a long-awaited report released by the Biden administration. From a report: When regulated, stablecoins could "support faster, more efficient, and more inclusive payments options," said the President's Working Group on Financial Markets, which includes several top economic advisors to President Joe Biden. "Moreover," the report reads, "the transition to broader use of stablecoins as a means of payment could occur rapidly due to network effects or relationships between stablecoins and existing user bases or platforms."

Still, Biden's economic advisors said Congress must introduce regulatory oversight and formal market structure as soon as possible to both protect and inform investors, issuers and exchanges. Specifically, the Biden team recommended Congress pass legislation that limits stablecoin issuance to insured banks, a move that would give regulators far greater jurisdiction over the industry. Senior administration officials told CNBC that their report focuses on risks but that the nation's top regulators think stablecoins offer a compelling digital payments option that needs far more oversight from lawmakers.

United States

Biden Says US Will Meet Its Climate Goals, Urges Help for Developing Nations (reuters.com) 142

President Joe Biden on Monday sought to assure world leaders the United States would keep its promise to slash greenhouse gas emissions by more than half by the end of the decade, even as the key policies to ensure those reductions remain uncertain. From a report: Biden joined leaders from over 100 countries in Glasgow for the start of the COP26 climate conference, which kicked off on the heels of the G20 summit in Rome that concluded with a statement that urged "meaningful and effective" action on climate change but left huge work for negotiators to ensure an ambitious outcome. Biden, who succeeded former president Donald Trump in January, acknowledged that the United States had not always led by example on climate change. "That's why my administration is working overtime to show that our climate commitment is action, not words," Biden said. Trump withdrew the United States from the Paris climate accord; Biden returned it when he took office.
Earth

India Will Reach Net-Zero Emissions by 2070, Modi Tells COP26 (bloomberg.com) 48

Indian Prime Minister Narendra Modi said the world's third-biggest emitter will zero out pollution by 2070, the boldest statement of intent at the opening of the COP26 climate summit in Glasgow. From a report: The country will increase its non-fossil fuel power capacity to 500 gigawatts by the end of the decade, he said, raising the country's goal from 450GW. He said half of India's electricity will come from renewable sources by 2030 Modi also committed to increasing India's 2030 carbon intensity goal -- measured as carbon dioxide emissions per unit of gross domestic product -- from 35% to 45%. It will also strive to produce half of its electricity using renewable energy and cut carbon-dioxide emissions 1 billion tons from business as usual by 2030. The Indian leader also demanded that rich countries ramp up their contributions to help less developed nations decarbonize. "It is India's expectation that the world's developed nations make $1 trillion available as climate finance as soon as possible," Modi said. "Justice would demand that those nations that have not kept their climate commitments should be pressured."
Communications

US Telecoms Are Going To Start Physically Removing Huawei Gear (bloomberg.com) 59

All over the country, hardware from Huawei and ZTE keeps American telecom networks humming. In the coming months, many of those networks are going to start ripping it all out. From a report: On Friday, the U.S. Federal Communications Commission officially kicked off the reimbursement program for replacing equipment from the two Chinese companies, both of which have been deemed a threat to national security. That means that telecoms can apply for subsidies to purge the hardware from their networks. A lot has been made of the geopolitical connotations of the technology blacklist, which includes Huawei and ZTE, but the physical logistics of overhauling the nation's connectivity infrastructure is just as complicated given how much banned equipment is currently in the wild.

The process that started last week allows telecoms to file expenses for wiping out the hardware. Whenever those funds are approved and sent, "the clock starts ticking," says John Nettles, president of Alabama-based Pine Belt Communications Inc. "You're expected to complete it within one year after receiving your first reimbursement." For the target recipients of the program, small and usually rural carriers with no more than 10 million customers, that means 2022 is going to be an insanely busy year. Without expansive subsidies, these telecoms have said they would not have been able to afford to comply with the government mandate, but now with federal reimbursements, they'll soon be under the gun to source enough labor and eligible replacement gear to meet the FCC's deadline. Nettles estimates it'll likely take a four-person crew a week to overhaul each of his 67 towers.

Power

'We Mapped Every Large Solar Plant on Earth Using Satellites and Machine Learning' (theconversation.com) 82

A team of researchers built a machine learning system to scan satellite images for solar energy-generating facilities greater than 10 kilowatts and then deployed the system on over 550 terabytes of imagery "using several human lifetimes of computing."

Team-member Lucas Kruitwagen, a climate change/AI researcher at Oxford, reveals what they learned. "We searched almost half of Earth's land surface area, filtering out remote areas far from human populations." In total we detected 68,661 solar facilities. Using the area of these facilities, and controlling for the uncertainty in our machine learning system, we obtain a global estimate of 423 gigawatts of installed generating capacity at the end of 2018. This is very close to the International Renewable Energy Agency's (IRENA) estimate of 420 GW for the same period. Our study shows solar PV generating capacity grew by a remarkable 81% between 2016 and 2018, the period for which we had timestamped imagery. Growth was led particularly by increases in India (184%), Turkey (143%), China (120%) and Japan (119%). Facilities ranged in size from sprawling gigawatt-scale desert installations in Chile, South Africa, India and north-west China, through to commercial and industrial rooftop installations in California and Germany, rural patchwork installations in North Carolina and England, and urban patchwork installations in South Korea and Japan...

Using the back catalogue of satellite imagery, we were able to estimate installation dates for 30% of the facilities. Data like this allows us to study the precise conditions which are leading to the diffusion of solar energy, and will help governments better design subsidies to encourage faster growth. Knowing where a facility is also allows us to study the unintended consequences of the growth of solar energy generation. In our study, we found that solar power plants are most often in agricultural areas, followed by grasslands and deserts.

This highlights the need to carefully consider the impact that a ten-fold expansion of solar PV generating capacity will have in the coming decades on food systems, biodiversity, and lands used by vulnerable populations. Policymakers can provide incentives to instead install solar generation on rooftops which cause less land-use competition, or other renewable energy options.

A note at the end of the article adds that the researchers' code and data repositories have been made available online "to facilitate more research of this type and to kickstart the creation of a complete, open, and current dataset of the planet's solar energy facilities."
Earth

Is Carbon Capture Here? (nytimes.com) 188

"Is carbon capture here?" asks a headline from the New York Times.

A Swiss company named Climeworks "is operating a device in Iceland that sucks CO2 from the air and shoots it into the ground, where it turns into rock." [Stephan] Hitz and his small team of technicians are running Orca, the world's biggest commercial direct air capture (DAC) device, which in September began pulling carbon dioxide out of the air at a site 20 miles from the capital, Reykjavik.

As the wind stirred up clouds of steam billowing from the nearby Hellisheidi geothermal power plant, a gentle hum came from Orca, which resembles four massive air-conditioners, each the size of one shipping container sitting on top of another. Each container holds 12 large round fans powered by renewable electricity from the geothermal plant, which suck air into steel catchment boxes where carbon dioxide or CO2, the main greenhouse gas behind global warming, chemically bonds with a sandlike filtering substance.

When heat is applied to that filtering substance it releases the CO2, which is then mixed with water by an Icelandic company called Carbfix to create a drinkable fizzy water. Several other firms are striving to pull carbon from the air in the United States and elsewhere, but only here in the volcanic plateaus of Iceland is the CO2 being turned into that sparkling cocktail and injected several hundred meters down into basalt bedrock.

Carbfix has discovered that its CO2 mix will chemically react with basalt and turn to rock in just two or three years instead of the centuries that the mineralization process was believed to take, so it takes the CO2 that Climeworks' DAC captures and pumps it into the ground through wells protected from the harsh environment by steel igloos that could easily serve as props in a space movie. It is a permanent solution, unlike the planting of forests which can release their carbon by rotting, being cut down or burning in a warming planet. Even the CO2 that other firms are planning to inject into empty oil and gas fields could eventually leak out, some experts fear, but once carbon turns to rock it is not going anywhere.

Orca is billed as the world's first commercial DAC unit because the 4,000 metric tons of CO2 it can extract each year have been paid for by 8,000 people who have subscribed online to remove some carbon, and by firms including Stripe, Swiss Re, Audi and Microsoft. The rock band Coldplay recently joined those companies in paying Climeworks for voluntary carbon credits to offset some of their own emissions.

The firm hopes to one day turn a profit by getting its costs below the selling price of those credits.

Current cost: about $600 to $800 per metric ton.
Bitcoin

Bitcoin White Paper's 13th Anniversary Celebrated with Decentralized Pizza (and Gilbert Gottfried) (cointelegraph.com) 72

Today the iconic Bitcoin white paper "celebrates thirteen years of financial disruption," notes Cointelegraph, "after being first published on Oct. 31, 2008, by an anonymous person or entity named Satoshi Nakamoto." (Here's a 2013 story from Slashdot about version 0.3.)

Cointelegraph writes: The white paper, titled Bitcoin: A Peer-to-Peer Electronic Cash System, foresaw the need for a peer-to-peer online payment system that is self-governing, secure and limited in quantity. The Bitcoin network was launched on Jan. 3, 2009, with each Bitcoin priced at $0.0008.... Today, Bitcoin maintains a stable trading value well above $60k after experiencing a gradual appreciation of 7,749,999,900% since its launch.
Cointelegraph celebrated the anniversary by embedding a video of the original bitcoin white paper being read by comedian Gilbert Gottfried — but they weren't the only ones. Entrepreneur/investor Anthony Pompliano celebrated with the return of what he describes as a decentralized pizzeria" named Bitcoin pizza. (An interactive online map shows participating locations around the U.S.A. where pizzas can be ordered with cash or with 0.0003 BTC — either through the web site or through the Uber Eats app.)

"If you want to pay for your pizza in bitcoin, I will gladly take your bitcoin," Pompliano says in a video posted to Twitter. "I don't think that you should use your bitcoin to buy the pizza — but we now accept bitcoin." The five available topping combos even have bitcoin-themed names like "No Keys, No Cheese" and "Satoshi's Favorite" — and the pizzas are all delivered in a special commemorative bitcoin-themed pizza box. "Every single dollar that I make from this, I donate to bitcoin developers," Pompliano explains in the video. "I make zero dollars from Bitcoin Pizza."

"And we're going to keep building this until eventually we are the single largest independent pizza chain in the United States. And then after we become the single largest independent pizza chain in the United States, we're going to turn around, and then we're going to go international."
United States

US Copyright Office Broadens Exemptions for Repairing Consumer Devices (theverge.com) 19

The U.S. Copyright Office "is expanding a legal shield for fixing digital devices," reports the Verge, "including cars and medical devices."

Earlier this week the office "submitted new exemptions to Section 1201 of the Digital Millennium Copyright Act, which bars breaking software copy protection. The resulting rules include a revamped section on device repair, reflecting renewed government pressure around 'right to repair' issues." [T]his latest rulemaking adopts repair-related proposals from the Electronic Frontier Foundation, iFixit, and other organizations. The Librarian of Congress adopted the recommendations in a final rule that will take effect [Thursday].

The exemptions replace an itemized list of repairable devices with broad protections for any consumer devices that rely on software to function, as well as land and sea vehicles and medical devices that aren't consumer-focused. The rulemaking doesn't rewrite the exemption to cover all non-consumer devices, and it doesn't cover all "modification," only "diagnosis, maintenance, and repair." For video game consoles specifically, repair only covers repairing the device's optical drives and requires reenabling any technological protection measures that were circumvented afterward.

The Verge notes that Acting General Counsel Kevin Amer told reporters the exemption should prove useful, adding that their decision had been influenced by an earlier executive order from the Biden administration supporting third-party and consumer repair work. The article also notes other U.S. agencies are also moving on the issue. "The Federal Trade Commission, for instance, has pledged to fight business practices that lock out independent repair shops.

"This copyright rulemaking doesn't address those practices, but it helps lift a legal threat hanging over technicians and consumers."
Social Networks

Richard Dawkins, Jimmy Wales - Unlike Facebook, No One Gets Special Treatment on Wikipedia (washingtonpost.com) 212

"In a world of inequality, we are well accustomed to rich, powerful, connected people getting preferential treatment..." argues an opinion piece in the Washington Post.

"The notable exception is Wikipedia." There, VIPs have been shouting "Do you have any idea who you are dealing with?!" for years, only to be told either, not really, or, don't care, and then instructed...to take their objections to a Talk page where the community can weigh in...

One reason the project is different from other digital platforms for VIPs is the absence of a mechanism for "escalating the case to leadership," as one internal Facebook memo, recently published by the Wall Street Journal, euphemistically described the process of Facebook's giving special treatment... The closest approximation to a Wikipedia power player would be Jimmy Wales, the chairman emeritus of the foundation that supports Wikipedias in more than 250 languages and the face of the project for its 20 years of existence. But Wales is not actually in control of anything. When he gets personally involved in helping a petitioner, a crowd of editors track his movements to ensure that he not hold special influence. This tradition began way back in Wikipedia's history, when Wales insisted that the birth date on his own article, and his birth certificate, was wrong. The editors did not take his word for it...

With no bigwig to enlist, people who object to what appears on their article page try to navigate Wikipedia on their own, an often-treacherous experience. In the early days of Wikipedia, the evolutionary biologist Richard Dawkins edited the article about him to correct an error. He confirmed in an email to an editor, Alienus, that "yes, the person who purported to be me is indeed me! But thank you very much for checking. I am bowled over by how good Wikipedia generally is." That same editor followed up, however, by questioning a change Dawkins had made to his article to reduce the number of journals he edits from four to two and to remove any mention of one, Episteme Journal. "Do you have any citations to support this change?" Dawkins was flabbergasted: "It is unreasonable to ask for a positive citation to demonstrate that I did NOT found a journal called Episteme. I am telling you that I never founded a journal called Episteme. I didn't even know that a journal called Episteme existed." Turned out an editor had made an error; the sentence was removed permanently.

The article — by Wikipedia editor Noam Cohen — opens with the story of John C. Eastman, a lawyer advising president Trump, and his argument with Wikipedia editors over his biography (an argument still archived on the biography's "Talk" page).

Eastman complains that their supporting references — which included the New York Times — were biased against him, and yet rather than allowing him to delete them "I had to ask permission from some unknown twentysomething."
United States

Why America is Experimenting With 'Postal Banking' (msn.com) 140

From the editorial board of the Pittsburgh Post-Gazette: In 1947, more than 4 million Americans owned $3.4 billion in saving deposits held not by a bank or credit union, but by the United States Postal Service. It's a largely forgotten part of American banking (and postal) history that the USPS ran the Postal Savings System for 56 years, from 1911 to 1967... [T]o this day postal services around the world provide small-scale financial services, from check cashing to savings accounts to e-commerce solutions, such as allowing refunds for returned goods to be deposited directly into a consumer's postal account. In September, the U.S. Postal Service took the first steps toward restoring its place in Americans' financial lives: At four East Coast post offices, customers can now get paychecks or business checks worth up to $500 cashed for a flat fee of $5.95....

Postal banking has the potential to reorient the American financial landscape for the benefit the most vulnerable. A fifth of Americans are considered "unbanked" or "underbanked," often relying on unscrupulous payday lenders because they lack the week-to-week security to set even a little aside in a traditional account. According to a 2014 USPS report, in 2012 alone these "alternative financial services" wrung $89 billion in interest and fees out of the poorest Americans... Postal banking also has a bipartisan pedigree. While it has most recently been a centerpiece of the progressive platforms of Sen. Bernie Sanders, I-Vt., it has also been promoted by reformist conservatives as a way to get and keep capital in local communities, rather than having it held in the coffers of multinational conglomerates.

And finally, an expansion into basic financial services may be essential to the very survival of the U.S. Postal Service. As Amazon and private shipping companies continue to press their advantage, the Postal Service can press its own: thousands of locations in every nook and cranny of the country, along with broad community trust.

This modest pilot "is the foundation for more expansive contemplated postal banking services that could include bill-paying services, ATM access and money-order and wire-transfer capabilities," argues a follow-up piece in the same newspaper: Local bank branches are shuttering in communities all across our country, and mainstream banks are failing to offer financial services that meet the needs of many communities... Robust postal banking, which should ultimately include checking and savings accounts as well as loan options, could step into the breach and provide equitable, accessible and affordable financial services to people who lack access to traditional bank services and would otherwise have to turn to high-cost and low-value fringe financial institutions... Underbanked households have an average annual income of $25,000 and typically spend approximately 10% of their income on fees and interest to fringe financial institutions simply to access their money — an amount equal to what the average household spends on food annually...

Postal banking provides an economic lifeline to countless Americans living in banking deserts. The Postal Service's 34,000 facilities service every ZIP code in the country. More than two-thirds of the census tracts that have a post office do not have a bank branch. Postal banking also provides transparent and equitable services and costs. Traditional bank fees and requirements — such as minimum balance requirements, activity fees and overdraft charges — exclude low-income and small-balance customers... Postal banking is a key pathway from poverty to economic mobility for millions of Americans and also produces significant revenue and opportunities for the Postal Service to flourish and expand its business model.

Education

Scammers Are Creating Fake Students on Harvard.edu and Using Them to Shill Brands (futurism.com) 18

"According to his bio on Harvard.edu, Mikao John was an erudite scholar: a medical student at the Harvard-MIT Program in Health Sciences and Technology who'd studied statistics and biochemistry at Yale and published research in the prestigious New England Journal of Medicine," reports Futurism: John was also a prolific author of blog posts on Harvard's site... But despite that veneer of academic authenticity, his posts didn't sound much like medical research. nstead, John's recent works carried titles like "KeefX.co: The Cannabis Fintech Company that Provides $1M in Funding a Month," which took the form of an extremely flattering article about a startup that provides financial services to weed businesses, and "Idahome Solar Makes Switching to Solar Power in Idaho a No-Brainer," which praised the "client-first mentality" and "incredible financing program" of a seemingly random solar panel company in Idaho.

As it turns out, there is no Harvard student by the name of Mikao John. Instead, a scammer invented that persona — and, alarmingly, managed to obtain the credentials to insert him into Harvard's web system — in order to sell SEO-friendly backlinks, and the prestige of being hyped up by someone at one of the world's most distinguished universities, to marketing firms with publicity-hungry clients.

The practice of scammers cooking up fake Harvard students to shill brands on the university's site appears to be widespread. In response to questions from Futurism, Harvard removed the Mikao John profile as well as about two dozen similar accounts being used for the same purpose... Swathes of Harvard.edu have become a spammer free-for-all where fake students and other accounts hawk an endless parade of dubious stuff: online casinos, synthetic urine, real estate in Florida, CBD, [42 more examples deleted] and many more incongruous yet trashy brands and services...

Overall, it felt as though if a reporter hadn't been sending numerous emails, the fake students probably would have been allowed to continue posting indefinitely.

Harvard eventually told the reporter that the scammers were signing up for their online classes, then using the email address they received to infiltrate the university's blogging platforms (writing fake posts about everything from bitcoin to concealed carry holsters and even bouncy castles.)

Ironically, Harvard's official motto (first adopted in 1643) is "Veritas" — the Latin word for truth.
Earth

'Ocean Cleanup' Successfully Removes 63,000 Pounds from the Great Pacific Garbage Patch (yahoo.com) 121

More than 63,000 pounds of trash — including a refrigerator — have now been removed from the Great Pacific Garbage Patch, reports USA Today: A half-mile long trash-trapping system named "Jenny" was sent out in late July to collect waste, pulling out many items that came from humans like toothbrushes, VHS tapes, golf balls, shoes and fishing gear. Jenny made nine trash extractions over the 12-week cleanup phase, with one extraction netting nearly 20,000 pounds of debris by itself.

The mountain of recovered waste arrived in British Columbia, Canada, this month, with much of it set to be recycled. But this was not a one-off initiative. In fact, it was simply a testing phase. And the cleanup team is hoping it's only the start of more to come: more equipment, more extractions and cleaner oceans.

The catalyst behind the cleaning is The Ocean Cleanup, a nonprofit trying to rid the world's oceans of plastic. Boyan Slat, who founded the organization in 2013 at the age of 18, called the most recent testing phase a success, but said there's still much to be done. The 27-year-old from the Netherlands said the group can enter a new phase of cleanup after testing eased some scalability concerns and proved that the system could accomplish what it was designed to do: collect debris... It hopes to deploy enough cleaning systems to reduce the size of the Great Pacific Garbage Patch by 50% every five years and to initiate a 90% reduction in floating ocean plastic by 2040... While Jenny tackles the garbage patch, The Ocean Cleanup will work on a larger, full-scale cleaning system set to be released in summer 2022 that expects to be the blueprint for creating a fleet of systems.

Slat projects they will need 10 full-scale systems to clean the patch at a rate of just under 20,000 tons per year, which would put the group on par to reach its goal of reducing the mass by 50% in five years.

The garbage patch now has its own page on Wikipedia, which points out that some of the plastic in the patch is over 50 years old. "The patch is believed to have increased '10-fold each decade' since 1945. Estimated to be double the size of Texas, the area contains more than 3 million tons of plastic." So it's even more amazing that "It's within the realm of possibility for the first time since the invention of plastic that we can clean up the Great Pacific Garbage Patch," Slat tells USA Today.

The group also says that 95% of the plastic it collects can be recycled. And they've already begun turning that plastic into products like sunglasses to be sold on its website.
Open Source

Why Aren't There More Open Source Solutions for Mobile Devices? (increment.com) 90

A Microsoft software engineer working on open-source technologies recently wrote that "you can find an open-source implementation for (almost) anything.

"But the mobile landscape is a notable exception." While there are some open-source success stories, Android being a massive one, only a handful of major companies rule hardware and software innovation for the devices we carry in our pockets. Together, Apple and Samsung hold over 50 percent of the world's market share for mobile devices, a figure that underscores just how few dominant players exist in the space. Numbers like these might leave you feeling somber about the overall viability of mobile open source. But a growing demand for better security and privacy, among other factors, may be turning the tides, and a host of inspectable, open-source solutions with transparent life cycle processes are emerging as promising alternatives....

Along with the open-source messaging app Telegram, Signal has garnered attention as a more privacy-focused alternative to apps like Facebook Messenger. The browser Chromium and the mobile game 2048 are other noteworthy examples, as well as proof that although open-source apps aren't the norm, they can be widely adopted and popular. For example, over 65 percent of mobile traffic flows through Chromium-based browsers...

Despite the many open-source technologies available to help build mobile apps, there's plenty of room to grow in the user-facing space — especially as more people recognize the value of having open-source and open-governance applications that can better safeguard their personal information. That growth isn't likely to extend to the hardware space, where the cost of building open-source implementations isn't as rewarding for developers or users — though we may start to see more devices that allow people to choose individual hardware modules from a variety of providers.

The article does cite the open source mobile hardware company Purism. And there's plenty of interesting open source software for mobile app developers, including frameworks like Apache Cordova (which lets developers use CSS3, HTML5, and JavaScript) and a whole ecosystem of open source libraries. But it all does raise the question...

Why aren't there more open source solutions for mobile devices?
Government

Did Trump's Truth Social Network Skirt US Securities Law? (nytimes.com) 158

To fund the Truth social network, former U.S. president Trump merged it with a special purpose acquisition company (or "SPAC"), reports the New York Times. "The result is that Mr. Trump — largely shut out of the mainstream financial industry because of his history of bankruptcies and loan defaults — secured nearly $300 million in funding for his new business."

But there may be a hitch: To get his deal done, Mr. Trump ventured into an unregulated and sometimes shadowy corner of Wall Street, working with an unlikely cast of characters: the former "Apprentice" contestants, a small Chinese investment firm and a little-known Miami banker named Patrick Orlando. Mr. Orlando had been discussing a deal with Mr. Trump since at least March, according to people familiar with the talks and a confidential investor presentation reviewed by The New York Times.

That was well before his SPAC, Digital World Acquisition, made its debut on the Nasdaq stock exchange last month. In doing so, Mr. Orlando's SPAC may have skirted securities laws and stock exchange rules, lawyers said... SPACs aren't supposed to have a merger planned at the time of their I.P.O. Lawyers and industry officials said that talks between Mr. Orlando and Mr. Trump or their associates consequently could draw scrutiny from the Securities and Exchange Commission.

Another issue is that Digital World's securities filings repeatedly stated that the company and its executives had not engaged in any "substantive discussions, directly or indirectly," with a target company — even though Mr. Orlando had been in discussions with Mr. Trump. Given the politically fraught nature of a deal with Mr. Trump, securities lawyers said that Digital World's lack of disclosure about those conversations could be considered an omission of "material information."

The Times adds that Trump had previously even discussed merging Trump Media with a smaller SPAC created with help from the same Shanghai-based investment bank — which "specialized in helping Chinese companies list on U.S. stock exchanges."
Google

Google Pays Fines to Russia for Failing to Delete Banned Content (msn.com) 23

"U.S. tech giant Google has paid Russia more than 32 million roubles ($455,079) in fines," reports Reuters, "for failing to delete content Moscow deems illegal, the company and a Russian lawmaker said after talks on Monday." Russia last week said it would seek to fine the U.S. tech giant a percentage of its annual Russian turnover later this month for repeatedly failing to delete banned content on its search engine and YouTube, in Moscow's strongest move yet to rein in foreign tech firms... Russia's state communications regulator, Roskomnadzor, on Monday said it has the technical capability to slow down the speed of YouTube, Interfax reported, but that administrative measures are currently sufficient.

In 2020, Google's compliance with requests to delete content was 96.2%, Pancini said, and in the first half of this year, it removed over 489,000 videos, but Russia said too much banned content still remained available.

The Military

The US Is Installing New Power- and Accuracy-Increasing Sensors on Its Nuclear Weapons 147

new nukes "A sophisticated electronic sensor buried in hardened metal shells at the tip of a growing number of America's ballistic missiles reflects a significant achievement in weapons engineering that experts say could help pave the way for reductions in the size of the country's nuclear arsenal," reports the Washington Post, "but also might create new security perils." The wires, sensors, batteries and computing gear now being installed on hundreds of the most powerful U.S. warheads give them an enhanced ability to detonate with what the military considers exquisite timing over some of the world's most challenging targets, substantially increasing the probability that in the event of a major conflict, those targets would be destroyed in a radioactive rain of fire, heat and unearthly explosive pressures.

The new components — which determine and set the best height for a nuclear blast — are now being paired with other engineering enhancements that collectively increase what military planners refer to as the individual nuclear warheads' "hard-target kill capability." This gives them an improved ability to destroy Russian and Chinese nuclear-tipped missiles and command posts in hardened silos or mountain sanctuaries, or to obliterate military command and storage bunkers in North Korea, also considered a potential U.S. nuclear target.

The increased destructiveness of the warheads means that in some cases fewer weapons could be needed to ensure that all the objectives in the nation's nuclear targeting plans are fully met, opening a path to future shrinkage of the overall arsenal, current and former U.S. officials said in a number of interviews, in which some spoke on the condition of anonymity to discuss sensitive technology.

Production of the first of many high-yield nuclear warheads containing the gear, developed over the past decade at a cost of billions of dollars, was completed in July for installation on missiles aboard Navy submarines, the National Nuclear Security Administration announced.

The Post notes that the U.S. has now installed the technology on hundreds of submarine-based warheads, doubling their destructive power (according to estimates by a Georgetown professor).

The acting administrator of America's National Nuclear Security Administration called it "the culmination of over a decade of work."
Windows

Linux Distros Beat Windows 11 in Phoronix Performance Testing (phoronix.com) 58

Phoronix ran some fun performance tests this week. "Now that Windows 11 has been out as stable and the initial round of updates coming out, I've been running fresh Windows 11 vs. Linux benchmarks for seeing how Microsoft's latest operating system release compares to the fresh batch of Linux distributions." First up is the fresh look at the Windows 11 vs. Linux performance on an Intel Core i9 11900K Rocket Lake system... The Windows 11 performance was being compared to all of the latest prominent Linux distributions, including:

- Ubuntu 20.04.3 LTS
- Ubuntu 21.10
- Arch Linux (latest rolling)
- Fedora Workstation 35
- Clear Linux 35150

[...] Each operating system was cleanly installed and then run at its OS default settings for seeing how the out-of-the-box OS performance compares for these five Linux distributions to Microsoft Windows 11 Pro...

The geometric mean for all 44 tests showed Linux clearly in front of Windows 11 for this current-generation Intel platform. Ubuntu / Arch / Fedora were about 11% faster overall than Windows 11 Pro on this system. Meanwhile, Clear Linux was about 18% faster than Windows 11 and enjoyed about 5% better performance overall than the other Linux distributions.

Out of 44 tests, here's a breakdown of how many first-place wins were scored by each OS:
  • Clear Linux: 33 (75%)
  • Fedora Workstation 35: 4 (9.1%)
  • Windows 11 Pro: 3 (6.8%)
  • Ubuntu 20.04.3 LTS: 2 (4.5%)
  • Arch Linux: 1 (2.3%)
  • Ubuntu 21.10: 1 (2.3%)

Youtube

'A Mistake by YouTube Shows Its Power Over Media' (nytimes.com) 147

"Every hour, YouTube deletes nearly 2,000 channels," reports the New York Times. "The deletions are meant to keep out spam, misinformation, financial scams, nudity, hate speech and other material that it says violates its policies.

"But the rules are opaque and sometimes arbitrarily enforced," they write — and sometimes, YouTube does end up making mistakes. (Alternate URL here...) The gatekeeper role leads to criticism from multiple directions. Many on the right of the political spectrum in the United States and Europe claim that YouTube unfairly blocks them. Some civil society groups say YouTube should do more to stop the spread of illicit content and misinformation... Roughly 500 hours of video are uploaded to YouTube every minute globally in different languages. "It's impossible to get our minds around what it means to try and govern that kind of volume of content," said Evelyn Douek, senior research fellow at the Knight First Amendment Institute at Columbia University. "YouTube is a juggernaut, by some metrics as big or bigger than Facebook."

In its email on Tuesday morning, YouTube said Novara Media [a left-leaning London news group] was guilty of "repeated violations" of YouTube's community guidelines, without elaborating. Novara's staff was left guessing what had caused the problem. YouTube typically has a three-strikes policy before deleting a channel. It had penalized Novara only once before... Novara's last show released before the deletion was about sewage policy, which hardly seemed worthy of YouTube's attention. One of the organization's few previous interactions with YouTube was when the video service sent Novara a silver plaque for reaching 100,000 subscribers...

Staff members worried it had been a coordinated campaign by critics of their coverage to file complaints with YouTube, triggering its software to block their channel, a tactic sometimes used by right-wing groups to go after opponents.... An editor, Gary McQuiggin, filled out YouTube's online appeal form. He then tried using YouTube's online chat bot, speaking with a woman named "Rose," who said, "I know this is important," before the conversation crashed. Angry and frustrated, Novara posted a statement on Twitter and other social media services about the deletion. "We call on YouTube to immediately reinstate our account," it said. The post drew attention in the British press and from members of Parliament.

Within a few hours, Novara's channel had been restored. Later, YouTube said Novara had been mistakenly flagged as spam, without providing further detail.

"We work quickly to review all flagged content," YouTube said in a statement, "but with millions of hours of video uploaded on YouTube every day, on occasion we make the wrong call "

But Ed Procter, chief executive of the Independent Monitor for the Press, told the Times that it was at least the fifth time that a news outlet had material deleted by YouTube, Facebook or Twitter without warning.
The Almighty Buck

An NFT Just Sold for $532 Million, But Didn't Really Sell at All 81

A white-haired, green-eyed pixelated character known as a CryptoPunk 9998 just sold for more than half a billion U.S. dollars -- or so it appeared -- the latest wild development in the booming non-fungible token space. But the Ethereum blockchain shows the money from the NFT trade ended up right back where it started, raising the question of why anyone bothered. Bloomberg reports: The process started Thursday at 6:13 p.m. New York time, when someone using an Ethereum address beginning with 0xef76 transferred the CryptoPunk to an address starting with 0x8e39. The process started Thursday at 6:13 p.m. New York time, when someone using an Ethereum address beginning with 0xef76 transferred the CryptoPunk to an address starting with 0x8e39.

To pay for the trade, the buyer shipped the Ether tokens to the CryptoPunk's smart contract, which transferred them to the seller -- normal stuff, a buyer settling up with a seller. But the seller then sent the 124,457 Ether back to the buyer, who repaid the loans. And then the last step: the avatar was given back to the original address, 0xef76, and offered up for sale again for 250,000 Ether, or more than $1 billion.

Larva Labs, which created the CryptoPunks, said on Twitter that "someone bought this punk from themself with borrowed money and repaid the loan in the same transaction." Evidently, this isn't the first time this has happened. "Some recent large bids were done the same way. The ether is offered and removed in a single transaction. So, while technically briefly valid, the bid can never be accepted. We'll add filtering to avoid generating notifications for these kinds of transactions in the future." In conventional, regulated securities markets, this would be called wash trading, which is banned on grounds that trading with yourself can artificially inflate prices and suggest more demand than really exists.
The Courts

The US Government Wants Signal's Private User Data That It Simply Doesn't Have (hothardware.com) 61

According to a post on the Signal blog, a federal grand jury in the Central District of California has subpoena'd Signal for a whole pile of user data, like subscriber information, financial information, transaction histories, communications, and more. HotHardware reports: The thing is, the subpoena is moot: Signal simply doesn't have the data to provide. The company can't provide any of the data that the grand jury is asking for because, as the company itself notes, "Signal doesn't have access to your messages, your chat list, your groups, your contacts, your stickers, [or] your profile name or avatar." The only things that Signal can offer up to the court are Unix timestamps for when the accounts in question were created and last accessed the service.

The announcement (and, we suppose, this news post) essentially amounts to an advertisement for Signal, but it's an amusing -- or possibly distressing -- anecdote nonetheless. While Signal is secure, keep in mind that the messages still originate from your device, which means that other apps on your device (like, say, your keyboard) could still be leaking your data. Lest you doubt Signal's story, the app creators have published the subpoena, suitably redacted, on their blog.

Open Source

Mastodon Puts Trump's Social Network On Notice For Improperly Using Its Code (theverge.com) 134

Mastodon has sent former President Donald Trump's company a formal notification that it's breaking the rules by using Mastodon's open-source code to build its social network, named Truth. The Verge reports: This news comes from a blog post by Mastodon's founder Eugen Rochko, but others have previously pointed out that the organization behind Truth, the Trump Media and Technology Group (or TMTG), was violating Mastodon's software license by not providing the source code for the site built on top of it. Trump's group has 30 days from when the letter was sent to comply with the license or stop using the software, or it could lose the right to do so.

While Truth hasn't officially launched yet, internet users discovered that a test version basically had the same interface as Mastodon, and that some of the code for the site was unchanged from the other social network's code. By itself, that's actually the intended use of open-source software -- but as the Software Freedom Conservancy pointed out last week, apps or websites based on software that uses the AGPLv3 license have to in turn provide their own source code. According to the foundation that wrote AGPL, it's meant to make the community's software better: if you improve on something that someone else made, they should be able to benefit from your work like you did theirs.

As Mastodon and Rochko reiterated on Friday, though, TMTG hasn't done that -- it even went as far as to call its software "proprietary," and seemingly tried to hide the fact that it was based on Mastodon. Now that the Truth has been revealed, however, TMTG will either have to rebuild it without using Mastodon's code -- a tall order, as bootstrapping a social network site isn't particularly easy -- or release its source code and change the terms of service.

Security

Ransomware Has Disrupted Almost 1,000 Schools In the US This Year (vice.com) 7

An anonymous reader quotes a report from Motherboard: So far this year, almost 1,000 schools across the country have suffered from a ransomware attack, and in some cases had classes disrupted because of it, according to tallies by Emsisoft, a cybersecurity company that specializes in tracking and investigating ransomware attacks, and another cybersecurity firm Recorded Future. Brett Callow, a researcher at Emsisoft shared the list with Motherboard. It includes 73 school districts, comprising 985 schools. Callow said that it's very likely there's some schools that are missing from the list, meaning the total number of victims is likely higher than 1,000. The list includes schools such as the Mesquite Independent School District in Texas, which comprises 49 different schools; the Haverhill Public Schools in Massachusetts, which comprises 16 schools; and the Visalia Unified School District in California, which comprises 41 schools.

"There is a huge jump in ransomware attacks hitting schools starting in 2019 and that trend is accelerating," Allan Liska, a researcher at cybersecurity firm Recorded Future who tracks ransomware, told Motherboard in an online chat. [...] Schools are getting hit every other week, and 2021 was worse than 2020, according to Liska, who said that last year he and his company catalogued 56 ransomware attacks impacting almost 700 schools. "The thing is, as bad as it is right now it will likely get worse before it gets better. While most ransomware attacks are not targeted there are two sectors that ransomware groups do seem to enjoy going after are healthcare and schools," Liska said. "It seems like schools are basically proving ground for ransomware actors to test out their skills. Schools pay significantly less in average ransom than most sectors (when they pay, which is rare), so the ransomware groups are not going after schools for the money."

News

Billionaire Seeks To Build Largely Windowless Dorm In 'Social and Psychological Experiment' (vice.com) 136

The University of California, Santa Barbara is preparing to spend $1.5 billion on a new 4,500-person student dorm designed by a billionaire mega-donor whose layout so closely resembles that of a prison a consulting architect resigned in protest, according to the Santa Barbara Independent. From a report: The architect likened it to a "social and psychological experiment with an unknown impact on the lives and personal development of the undergraduates the university serves" in his resignation letter. The building in question is the planned Munger Hall on the university's beachside campus, which the university's website says "will fulfill visions for both UC Santa Barbara and the donor, Charles Munger," a billionaire investor often described as Warren Buffet's "right-hand man." Munger has also financed the construction of graduate residences on the University of Michigan and Stanford campuses fashioned on his architectural ideas to promote collaboration and bonhomie. While the Stanford residences are essentially normal apartments, the Michigan hall resembles its UCSB sibling in that "most bedrooms don't have windows," according to VeryApt.com. The vision Munger Hall is fulfilling is alternately described two ways, depending on who is doing the talking. The universities that take his money -- on condition they use it to build his designs to his exacting specifications, as he reportedly considers himself an amateur architect -- describe such projects as having "a focus on providing ample interactive spaces for students" and "minimizing costs by maximizing the number of beds on a given site, employing the concept of repeatability..."
Microsoft

GAO Recommends Reevaluation of Proposals for $10B NSA Cloud Contract (siliconangle.com) 5

The Government Accountability Office today called for a reevaluation of the proposals submitted by Amazon Web Services and Microsoft in connection with a $10 billion cloud contract to enhance the National Security Agency's technology environment. From a report: The $10 billion NSA contract, code-named WildandStormy, was awarded to public cloud market leader AWS earlier this year. Rival Microsoft, which also competed for the deal, filed a protest with the GAO shortly after AWS was named the winner. The agency's decision today represents a win for Microsoft. "GAO found certain aspects of the agency's evaluation to be unreasonable and, in light thereof, recommended that NSA reevaluate the proposals consistent with the decision and make a new source selection determination," Ralph White, managing associate general counsel for the Procurement Law Division at the GAO, told Nextgov in a statement. "GAO's decision expresses no view as to the relative merits of the AWS and Microsoft proposals." Microsoft submitted its protest to the GAO on July 21. The company followed up the move on Sept. 2 by sending a document known as a supplemental protest. According to Nextgov, the decision that the GAO issued today in response to Microsoft's filings is under a protective order because thereâ(TM)s classified information involved. However, officials reportedly plan to release an unclassified decision down the line that will be accessible for the public.
United States

US Says It's Working With Taiwan To Secure Chip Supply Chain (bloomberg.com) 55

The U.S and Taiwan are working together to secure supply chains, Washington's envoy to Taipei said, as global chip manufacturers face a looming deadline to meet the Biden administration's request for company data. From a report: U.S. officials have met leaders of local semiconductor firms, Sandra Oudkirk, director of the American Institute in Taiwan, told reporters Friday in Taipei, adding that they had "excellent safeguards" to protect proprietary information. "The Commerce Department's request for information is designed to better understand the semiconductor supply chain," Oudkirk, who is the U.S.'s de facto ambassador in the absence of official ties, said at her first news conference since being appointed in July. She added that the drive was designed to enable the department make regulations to "improve or alleviate the disruptions to the supply chain." Those strains are due to a twofold by a surge in demand for goods and labor issues, both caused by the global pandemic. The U.S. Commerce Department's September call for companies to hand over information related to the ongoing chip shortage has faced resistance in Taiwan and South Korea due to concerns over possible leaks of trade secrets.
Education

Google Expands Skills Certificate Training (axios.com) 16

A few years ago, Google started offering a non-college certificate program to help teach basic IT skills to future workers. Now, the tech giant is working to make sure more people -- including community college students -- have access to the curriculum. From a report: The labor market has a big skills mismatch, with companies saying they can't find enough qualified applicants, while plenty of job seekers struggle to find meaningful and lucrative work. As part of the expansion, Google will make the certificate program free for community colleges and vocational high schools across the nation. Connecticut will be the first state to offer Google Career Certificates across its state colleges and universities system. Google is also working with the American Council on Education to allow those who have achieved a certificate to also get college credit for the work.
Earth

Endangered Birds Experience 'Virgin Birth,' a First for the Species (nationalgeographic.com) 60

Female California condors don't need males to have offspring -- joining sharks, rays, and lizards on the list of creatures that can reproduce without mating. From a report: "There's something really confusing about the condor data." Those weren't the words Oliver Ryder wanted to hear as he walked to his car after a long day's work trying to save California condors, one of the most endangered animals on the planet. When his colleague Leona Chemnick explained what she was seeing, his dread quickly changed to fascination. For decades, scientists have been trying to coax the California condor back from the edge of extinction. The entire population of these birds crashed to just 22 animals in 1982. By 2019, captive breeding and release efforts had slowly built the total population up over 500. Doing that has required careful management of captive birds, particularly selecting which males and females can breed to produce healthy offspring. That's how, as the scientists took a closer at genetic data, they discovered that two male birds -- known only by their studbook numbers, SB260 and SB517 -- showed no genetic contribution from the birds that should have been their fathers.

In other words, the birds came into the world by facultative parthenogenesis -- or virgin birth -- according to a peer-reviewed paper published October 28 in the Journal of Heredity. Such asexual reproduction in normally sexually reproducing species occurs when certain cells produced with a female animal's egg behave like sperm and fuse with the egg. Though rare in vertebrates, parthenogenesis occurs in sharks, rays, and lizards. Scientists have also recorded self-fertilization in some captive bird species, such as turkeys, chickens, and Chinese painted quail, usually only when females are housed without access to a male. But this is the first time it's been recorded in California condors.

Patents

US Government Owes Over $100 Million For TSA's Patent Infringement 70

The U.S. government owes a patent holding company at least $103 million because of the Transportation Security Administration's misuse of its technology for handling trays at airport security checkpoints, a Washington, D.C.-based federal court said. Reuters reports: In an opinion (PDF) made public Friday, the U.S. Court of Federal Claims said the TSA used SecurityPoint Holdings Inc's patented methods for most of its security screenings at the largest U.S. airports since 2008 without compensating it. St. Petersburg, Florida-based SecurityPoint's founder Joseph Ambrefe offered the TSA a license to his patent in 2005 in exchange for the exclusive right to advertise on the trays at U.S. airports. The TSA had success testing SecurityPoint's technology and equipment, but refused SecurityPoint's offer.

The court said the TSA began using the same method with its own equipment later that year at most or all of the airports under its control, and SecurityPoint sued the U.S. government for patent infringement in 2011. The government conceded that it had used the technology since 2008 in 10 airports including Dallas/Fort Worth, Boston Logan, Phoenix Sky Harbor and all three major Washington, D.C.-area airports. The court rejected the government's arguments that SecurityPoint's patent was invalid in 2015, leaving questions about the extent of the government's infringement and how much it owed in damages.

After a trial last year, Senior U.S. Judge Eric Bruggink of the Court of Federal Claims said in an August opinion unsealed Friday that the government owes SecurityPoint $103.6 million in royalties from 2008 through the date of the opinion. Bruggink said the TSA's checkpoint design guides, employee testimony and expert testimony showed that with a few exceptions, SecurityPoint's tray-recycling method was "universally used as the default method for all lanes" at the largest U.S. airports.
Medicine

Global Covid Cases and Deaths Rise for the First Time in Two Months, WHO Says (cnbc.com) 184

Covid-19 cases and deaths are climbing across the world for the first time in two months as the virus surges across Europe, World Health Organization officials said at a briefing Thursday. From a report: After weeks of decline, infections in Europe have risen over the last three consecutive weeks, even as cases fall in every other region across the world, according to WHO. There were nearly 3 million new Covid cases reported worldwide for the week ended Sunday, an increase of 4% from the previous seven days, according to WHO's most recent epidemiological update. Globally, Covid cases had fallen 4% the week before, despite a 7% increase across Europe over that same period. Cases in Europe surged by 18% over the last week alone, WHO data shows.

"The global number of reported cases and deaths from Covid-19 is now increasing for the first time in two months, driven by an ongoing rise in Europe that outweighs declines in other regions," WHO Director-General Dr. Tedros Adhanom Ghebreyesus said. "It's another reminder that the Covid-19 pandemic is far from over." Covid has surged sharply in Czechia and Hungary, where the seven-day average of cases swelled more than 100% from the previous week as of Wednesday, according to a CNBC analysis of data from Johns Hopkins University. Croatia, Denmark, Norway and Poland each recorded weekly average case increases of more than 70% on Wednesday, JHU found.

Earth

US Climate Credibility on the Line as Biden Heads To COP26 (reuters.com) 173

President Joe Biden wants to show the U.N. climate conference in Scotland that the United States is back in the fight against global warming. But continued haggling in Congress over legislation to advance his climate goals threatens to undermine that message on the world stage. From a report: Biden leaves for Europe on Thursday for a G20 meeting in Rome followed by a gathering of world leaders in Glasgow aimed at saving the planet from the devastation wreaked by rising temperatures. Biden had hoped to showcase legislation designed to fulfill a U.S. pledge to cut greenhouse gas emissions 50-52% by 2030 compared to 2005 levels, seeking to provide an example that would encourage other nations to take bold, quick action to protect the Earth. The plan includes hundreds of billions of dollars of investments in clean energy, but some aspects such as a program that would reward electricity companies for investing in renewables and penalize those that did not, have been cut from a bill to fund his social and climate change agenda. As of Wednesday evening, Biden's fellow Democrats had still not reached an agreement, forcing him to leave Washington without a deal in hand.
Google

Google Warns Customers About Antitrust Bills (axios.com) 42

Google on Thursday warned some customers that antitrust bills targeting the tech giant could jeopardize the services small businesses rely on. From a report: By turning to its customers, Google could drum up opposition from small businesses that may give lawmakers pause in advancing legislation. Google is emailing small and medium sized businesses that use its advertising, analytics and free business profile tools, to tell them antitrust bills in the House and Senate could "cost your business time and money." Google said the dangers could include: Making it harder for customers to find businesses because listings, including address and business hours, may no longer appear in Google Search results or on Google Maps, and hurting the effectiveness of digital marketing if Google Ads products were broken up and disconnected from Google Analytics.

"[W]e're concerned that Congress' controversial package of bills could have unintended consequences, especially for small businesses who have relied on digital tools to adapt, recover and reach new customers throughout the pandemic," a Google spokesperson told Axios. Google declined to say how many businesses it contacted. Customers using some Google products will also see a prompt encouraging them to opt in to receive more information about the bills.

Businesses

Counting CO2 is Hard and Expensive, But Tech Firms Think They Have a Solution (reuters.com) 61

An anonymous reader shares a report: After spending nearly half a year, every year, gathering and calculating carbon emissions data on spread sheets, Salesforce.com's climate team was fed up. So in 2017 they built an app to crunch the numbers -- and now they sell it for $4,000 a month. As global companies prepare pledges to help stop climate change, one of the first problems they face is quantifying their emissions. The second is understanding if their solutions work. That need is fueling a boom in carbon accounting software by big companies like Salesforce and startups as well, along with some skepticism of parts of the process. Microsoft Corp is previewing a tool for calculating emissions called Microsoft Cloud for Sustainability, aiming to make it available by mid-2022. On Thursday, Arizona-based carbon accounting startup Persefoni said it raised over $100 million, the biggest venture capital funding round so far in the field. That takes total fundraising this year to nearly $300 million, six times the total for 2020 and over 21 times the funds raised in 2019, according to a Reuters review of data from PitchBook and Climate Tech VC.

Carbon accounting is complex, especially when including emissions beyond a company's direct control, such as suppliers and use of products, which many companies are trying to do. How does, for example, an automaker account for the steel it buys and the miles driven by its customers? Some in the accounting business call these indirect emissions, often the bulk of a firm's emissions, the "Pandora's box" of carbon accounting. "You have a massive problem in our world of companies that are creating their own methodologies and then black-boxing them. Those are not auditable. In the worst cases, they're helping companies greenwash," said Kentaro Kawamori, CEO of Persefoni, which uses a system called the Greenhouse Gas Protocol to compute numbers that get added up into total emissions.

The Almighty Buck

Payments Company Stripe Is Kick Starting Market For Carbon Removal 23

An anonymous reader quotes a report from The Wall Street Journal: Stripe is signing up to pay for carbon-removal technologies that haven't been invented yet. The payments company has formed a partnership with Deep Science Ventures, a London investment firm that specializes in building technology companies from the ground up. DSV will recruit scientists to develop ways to remove carbon dioxide from the atmosphere. If they come up with viable concepts, Stripe will be their first customer. It will pay DSV startups $500,000 each up front to capture and store carbon, then a further $1 million if they meet performance milestones.

The new partnership marks an expansion of Stripe's effort to provide a market for unproven technology that could potentially help limit the damage of global warming. The United Nations' scientific panel on climate change says the least-bad global-temperature scenarios depend on people removing billions of tons of planet-warming gases from the atmosphere. It also cautions that companies and governments may never be able to deploy the technology on the scale required to make that happen. Since August 2019, when it promised "to pay, at any available price, for the direct removal of carbon dioxide from the atmosphere and its sequestration in secure, long-term storage," Stripe has committed $9 million to 10 carbon-removal projects.

Stripe's carbon-removal procurement is led by Ryan Orbuch, who was a product manager before focusing on climate, and the team's projects are vetted by a panel of industry experts. Costs vary, with the most expensive service costing more than $2,000 per ton of carbon removed. Scalability is more important than current pricing. Stripe says technologies should have the potential to remove half a gigaton of carbon dioxide a year by 2050 at a cost of $100 per ton, and store it for at least 1,000 years. Stripe has tethered its core business of operating payment infrastructure to its side project. Stripe Climate, a tool introduced in October 2020, lets Stripe's customers divert a percentage of revenue to the carbon-removal pot. Roughly 9,000 of Stripe's millions of business users have enrolled contributing nearly $3 million a year collectively, and roughly 8% of new Stripe users sign up [...].

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