Chinese Companies Are Buying Up Cash-Strapped US Colleges ( 16

An anonymous reader quotes a report from Bloomberg: Chinese companies are taking advantage of America's financially strapped higher-education system to buy schools, and the latest deal for a classical music conservatory in Princeton, New Jersey, is striking chords of dissonance on campus. Beijing Kaiwen Education Technology Co. agreed in February to pay $40 million for Westminster Choir College, an affiliate of Rider University that trains students for careers as singers, conductors and music teachers. The announcement came just weeks after the government-controlled Chinese company changed its name from Jiangsu Zhongtai Bridge Steel Structure Co. The pending purchase rankles some Westminster faculty and alumni, who question what a longtime maker of steel spans knows about running an elite school whose choirs sang with maestros Leonard Bernstein, Arturo Toscanini and Seiji Ozawa. Alumni are among those suing in New York federal court to block the sale, saying it violates Westminster's 1991 merger agreement with Rider and will trigger the choir college's demise.

SpaceX Indicates It Will Manufacture the BFR Rocket In Los Angeles ( 26

A new document from the Port of Los Angeles indicates that the company is moving ahead with plans to build a "state-of-the-art" industrial manufacturing facility near Long Beach, about 20 miles south of its headquarters. It's possible that the facility may be used to manufacture the company's Big Falcon Rocket, or BFR vehicle, which is expected to measure 106 meters tall and nine meters wide. The Long Beach location makes sense since the BFR will be so large that it needs to be built near water where it can be transported. Ars Technica reports: The company seeks to use an 18-acre site at Berth 240 in the port "for the construction and operation of a facility to manufacture large commercial transportation vessels." Operations at the site would include "research and development of transportation vessels and would likely include general manufacturing procedures such as welding, composite curing, cleaning, painting, and assembly operations." Completed vessels would need to be transported by water due to their size, the document states, as a means to explain why the company needs a facility immediately adjacent to the water. The document also noted that the 10-year lease, with up to two 10-year renewals, would "accommodate recovery operations undertaken by Space Exploration Technologies to bring to shore vehicles returning from space that are retrieved by an autonomous drone ship offshore." This would be for first-stage recoveries of the Falcon 9 rocket and probably payload fairings as well.
The Almighty Buck

Did Stephen Hawking Owe a Nobel Physicist a Subscription To a Softcore Porn Magazine? ( 60

dmoberhaus writes: In 1974, Stephen Hawking made a bet with Nobel Prize-winning cosmologist Kip Thorne about a black hole. The wager was a subscription to the softcore porn magazine Penthouse for Thorne or a subscription to "Private Eye" (basically the British equivalent of The Onion) for Hawking. Hawking ultimately lost the bet, but did he ever pay up? Motherboard dug around to find out if Hawking settled this infamous bet.

Motherboard's Daniel Oberhaus wasn't able to get ahold of Thorne, but did manage to track down a copy of the obscure 1997 straight-to-VHS documentary called Black Holes, which is the only evidence that the wager even happened. "In 1990, Stephen Hawking happened to be visiting Los Angeles and he broke into my office and thumb printed off on this bet," Thorne recalls in the video. Oberhaus writes: "Although the status of Cygnus X-1 was an open question in the 70s, by the 90s mounting evidence had forced Hawking to concede the wager. The bet was recorded in a handwritten note scrawled on a piece of card which is shown in the film. It read: 'Whereas Stephen Hawking has a large investment in general relativity and black holes and desires an insurance policy, and whereas Kip Thorne likes to live dangerously without an insurance policy, therefore be it resolved that Stephen Hawking bets 1 year's subscription to 'Penthouse' as against Kip Thorne's wager of a 4-year subscription to 'Private Eye,' that Cygnus X-1 does not contain a black hole of mass above the Chandrasekhar limit.' 'I had given Thorne a subscription to Penthouse, much to his wife's disgust,' a smiling Hawking says in the film."


Patients Regain Sight After Groundbreaking Trial ( 58

An anonymous reader quotes a report from the BBC: Doctors have taken a major step towards curing the most common form of blindness in the UK -- age-related macular degeneration. Douglas Waters, 86, could not see out of his right eye, but "I can now read the newspaper" with it, he says. He was one of two patients given pioneering stem cell therapy at Moorfields Eye Hospital in London. Cells from a human embryo were grown into a patch that was delicately inserted into the back of the eye.

The macula is the part of the eye that allows you to see straight ahead -- whether to recognize faces, watch TV or read a book. The macula is made up of rods and cones that sense light and behind those are a layer of nourishing cells called the retinal pigment epithelium. When this support layer fails, it causes macular degeneration and blindness. Doctors have devised a way of building a new retinal pigment epithelium and surgically implanting it into the eye. The technique, published in Nature Biotechnology, starts with embryonic stem cells. These are a special type of cell that can become any other in the human body. They are converted into the type of cell that makes up the retinal pigment epithelium and embedded into a scaffold to hold them in place. The living patch is only one layer of cells thick -- about 40 microns -- and 6mm long and 4mm wide. It is then placed underneath the rods and cones in the back of the eye. The operation takes up to two hours.


There Are Still 100,000 Pay Phones In the US ( 75

According to the FCC, there are only about 100,000 phone booths left in the United States, and about a fifth of those are in New York. The number has decreased rapidly over the last couple decades as cellphones have been adopted by 95% of Americans. CNN reports of how these remaining pay phones still remain a steady business for some of the 1,100 companies operating them across the country: Pay phone providers reported $286 million in revenue in 2015, according to the most recent FCC report. They can still be profitable, particularly in places where there isn't cell phone or landline coverage, said Tom Keane, president of Pacific Telemanagement Services. Keane's company operates 20,000 pay phones around the country. "We have phones in Yosemite Valley that are extremely busy when there's not snow on the ground," he said. Victor Rollo said he is still making money off his 170 phones in the San Diego area. Rollo declined to say how much, but he believes pay phones are a lifeline for people who don't have other options and are valuable during emergencies or natural disasters. Rollo says he evaluates how many calls are made on the phones every month, how far away they are from each other, and how much his expenses are per month to determine whether to keep them in the ground. Phones in hospitals and along the border, where cell coverage is weak, are some of his most profitable ones.

Amazon Considers Buying Some Toys R Us Stores ( 48

According to Bloomberg, Amazon has looked at the possibility of expanding its retail footprint by acquiring some locations from bankrupt Toys R Us. "The online giant isn't interested in maintaining the Toys R Us brand, but has considered using the soon-to-be-vacant spaces for its own purposes," reports Bloomberg. From the report: Such a move would let Amazon quickly expand its brick-and-mortar presence, coming on the heels of buying Whole Foods and its more than 450 locations last year. The Seattle-based company also has opened its own line of bookstores and a convenience-store concept. Additional stores would give Amazon space to showcase its popular Echo line of devices, which run on the Alexa voice-activated platform. Amazon sees voice as the next interface for people to access technology -- supplanting computer mouses and touch screens -- and the benefits may be easier to demonstrate in a real-world setting. A bigger network of stores would put inventory closer to where shoppers live, potentially enabling quick delivery to e-commerce customers. The space could also serve as a staging ground for grocery delivery from Whole Foods stores. Amazon is already planning to roll out free two-hour service to Whole Foods customers in four cities, including Dallas and Cincinnati.

Amazon Passes Alphabet To Become the World's Second Most Valuable Company ( 27

Amazon has passed Alphabet to become the second most valuable company in the world. Apple remains the only other company more valuable than Amazon. CNBC reports: The e-commerce giant rose 2.7 percent on Tuesday lifting its stock market value to $768 billion. Alphabet, the parent of Google, fell 0.4 percent and is now valued at $762.5 billion. While the U.S. tech mega-caps have rallied in the past year, Amazon's performance has dwarfed them all, with the stock surging 85 percent over the past 12 months, including 35 percent to start 2018. Investors have been piling into Amazon, betting that the company's growing and very profitable cloud computing business will provide the cash needed for investments in original content, physical stores and continuing to build data centers and warehouses.

African Manufacturing Jobs Could be Threatened by US Based Robots, Report Says ( 80

Within less than two decades it will be cheaper to operate robots in US factories than hire workers in Africa, a new report warns. From the report: Falling automation costs are predicted to cause job losses as manufacturers return to richer economies. Some analysts say poorer countries could be less impacted by this trend, however the Overseas Development Institute (ODI) suggests otherwise. But its report adds African nations have time to prepare for the change. "African countries must not shy away from manufacturing, but instead prepare by increasing access to internet, investing in technical skills and promoting technological innovation," said Karishma Banga a senior research officer at ODI. "If done well, automation can present important opportunities for African countries by improving labour productivity in manufacturing," she said. It has been suggested that poorer countries will not as be affected by automation because they have less money to invest in it.

Google Launches a News Initiative To Fight False News and Help Publishers Make Money ( 95

Google is launching the Google News Initiative, a journalism-focused program that will help publishers earn revenue and combat fake news. From a report: The initiative, announced Tuesday, will offer publications another monetization model online called Subscribe with Google, as well as work with established universities and groups to combat misinformation. It will also introduce an open-source tool called Outline, which will make it easier for news organizations to set up secure access to the internet for their journalists. Google said it was committing $300 million over the next three years to the project, though it did not elaborate on how the resources would be spent.

The company said it paid $12.6 billion to news organizations and drove 10 billion clicks a month to their websites for free last year. Subscribe with Google will make it easier for readers to pay for content from news organizations that have agreed to partner with the company., The Washington Post, and McClatchy Company publications including the Miami Herald are among the 17 launch partners.


FTC Probing Facebook For Use of Personal Data: Bloomberg ( 78

An anonymous reader shares a report: Facebook is under investigation by a U.S. privacy watchdog over the use of personal data of 50 million users by a data analytics firm to help elect President Donald Trump. The U.S. Federal Trade Commission is probing whether Facebook violated terms of a 2011 consent decree of its handing of user data that was transferred to Cambridge Analytica without their knowledge, according to a person familiar with the matter. Under the 2011 settlement, Facebook agreed to get user consent for certain changes to privacy settings as part of a settlement of federal charges that it deceived consumers and forced them to share more personal information than they intended. That complaint arose after the company changed some user settings without notifying its customers, according to an FTC statement at the time. If the FTC finds Facebook violated terms of the consent decree, it has the power to fine the company thousands of dollars a day per violation.
Open Source

LG Releases Open-Sourced Version of webOS in Hopes To Push It Beyond TVs and Smart Refrigerators ( 89

LG has released an open-sourced version of webOS that's freely available to anyone that wants to download and poke around the code. From a report: The release of webOS Open Source Edition is meant to act as a catalyst to drive further adoption of webOS beyond LG televisions, smart refrigerators, and the occasional never-to-be-released smartwatch. So, devices like webOS tablets and set-top boxes as pictured in the LG-supplied image above. This is the second time an open-source version of webOS has been released, the first coming under the failed tenure of HP back in 2011. LG's cross-town rival Samsung develops and uses the open-sourced Tizen operating system on a variety of devices including smartwatches, televisions, Blu-ray players, and robotic vacuums.

China Approves Giant Propaganda Machine To Improve Global Image ( 150

China has approved the creation of one of the world's largest propaganda machines as it looks to improve its global image, Bloomberg reported on Tuesday, citing a person familiar with the matter. From the report: The new broadcaster will be called "Voice of China," the person said, mimicking the U.S. government-funded Voice of America that started up during World War II to advance American interests. Bloomberg News had previously reported the new entity would be created through merging China Central Television, China Radio International and China National Radio. The combined group was designed to strengthen the party's ability to shape public opinion and would serve as a key vehicle for China to project its image to the world.

Lead Exposure Kills Hundreds of Thousands of Adults Every Year in the US, Study Finds ( 197

Bruce66423 shares a report from The Guardian: Last week, a massive new study concluded that lead is 10 times more dangerous than thought, and that past exposure now hastens one in every five U.S. deaths. Researchers at four North American universities, led by Bruce Lanphear, of Simon Fraser University in Vancouver, studied the fate of 14,289 people whose blood had been tested in an official U.S. survey between 1988 and 1994. Four fifths of them had harbored levels of the toxic metal below what has, hitherto, been thought safe. The study found that deaths, especially from cardiovascular disease, increased markedly with exposure, even at the lowest levels. It concluded that lead kills 412,000 people a year -- accounting for 18% of all U.S. mortality, not much less than the 483,000 who perish as a result of smoking. The study has been published in the Lancet Public Health journal.

New York Power Companies Can Now Charge Bitcoin Miners More ( 119

Last Wednesday, the New York State Public Service Commission (PSC) ruled that municipal power companies could charge higher electricity rates to cryptocurrency miners who try to benefit from the state's abundance of cheap hydroelectric power. Ars Technica reports: Over the years, Bitcoin's soaring price has drawn entrepreneurs to mining. Bitcoin mining enterprises have become massive endeavors, consuming megawatts of power on some grids. To minimize the cost of that considerable power draw, mining companies have tried to site their operations in towns with cheap electricity, both in the U.S. and around the world. In the U.S., regions with the cheapest energy tend to be small towns with hydroelectric power. But mining booms in small U.S. towns are not always met with approval. A group of 36 municipal power authorities in northern and western New York petitioned the PSC for permission to raise electricity rates for cryptocurrency miners because their excessive power use has been taxing very small local grids and causing rates to rise for other customers. The PSC responded on Wednesday that it would allow those local power companies to raise rates for cryptocurrency miners. The response noted that New York's local power companies, which are customer-owned and range in size from 1.5 MW to 122 MW, "acquire low-cost power, typically hydro, and distribute the power to customers at no profit." If a community consumes more than what has been acquired, cost increases are passed on to all customers. "In Plattsburgh, for example, monthly bills for average residential customers increased nearly $10 in January because of the two cryptocurrency companies operating there," the PSC document says. The city of Plattsburgh, New York has since imposed an 18-month moratorium on commercial cryptocurrency mining to "protect and enhance the city's natural, historic, cultural and electrical resources."
The Almighty Buck

Google Makes Push To Turn Product Searches Into Cash ( 65

Reuters reports of how Google is working to turn product searches into cash by partnering with some of the largest retailers in the United States: Under a new program, retailers can list their products on Google Search, as well as on the Google Express shopping service, and Google Assistant on mobile phones and voice devices. In exchange for Google listings and linking to retailer loyalty programs, the retailers pay Google a piece of each purchase, which is different from payments that retailers make to place ads on Google platforms. The listings will appear under sponsored shopping results and will not affect regular search results on Google, the company said. Google's pitch to retailers is a better chance to influence shoppers' purchasing decisions, a move that is likely to help them compete with rival Amazon. Google hopes the program helps retailers capture more purchases on desktop, cell phones and smart home devices with voice search -- the next frontier for e-commerce. The previously unreported initiative sprang from Google's observation that tens of millions of consumers were sending image searches of products, asking "Where can I buy this?" "Where can I find it?" "How can I buy it?" "How do I transact?" Daniel Alegre, Google's president for retail and shopping, told Reuters exclusively.

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