economics – Tech Today w/ Ken May

Anthem To Pay $115 Million In The Largest Data Breach Settlement Ever

An anonymous reader quotes CNET: Anthem, the largest health insurance company in the U.S., has agreed to settle a class action lawsuit over a 2015 data breach for a record $115 million, according to lawyers for the plaintiffs. The settlement still has to be approved by US District Court Judge Lucy Koh, who is scheduled to hear the case on August 17 in San Jose, California. And Anthem, which didn’t immediately respond to a request for confirmation and comment, isn’t admitting any admitting any wrongdoing, according to a statement it made to CyberScoop acknowledging the settlement. But if approved, it would be the largest data breach settlement in history, according to the plaintiffs’ lawyers, who announced the agreement Friday. The funds would be used to provide victims of the data breach at least two years of credit monitoring and to reimburse customers for breach-related expenses. The settlement would also guarantee a certain level of funding for “information security to implement or maintain numerous specific changes to its data security systems, including encryption of certain information and archiving sensitive data with strict access controls, ” the plaintiff attorneys said. The breach compromised data for 80 million people, including their social security numbers, birthdays, street addresses (and email addresses) as well as income data. The $115 million settlement averages out to $1.43 for every person who was affected. Read more of this story at Slashdot.

How Australia Bungled Its $36 Billion High-Speed Internet Rollout

Not very pleased with your internet speeds? Think about the people Down Under. Australia’s “bungled” National Broadband Network (NBN) has been used as a “cautionary tale” for other countries to take note of. Despite the massive amount of money being pumped into the NBN, the New York Times reports, the internet speeds still lagged behind the US, most of western Europe, Japan and South Korea — even Kenya. The article highlights that Australia was the first country where a national plan to cover every house or business was considered and this ambitious plan was hampered by changes in government and a slow rollout (Editor’s note: the link could be paywalled; alternative source), partly because of negotiations with Telstra about the fibre installation. From the report: Australia, a wealthy nation with a widely envied quality of life, lags in one essential area of modern life: its internet speed. Eight years after the country began an unprecedented broadband modernization effort that will cost at least 49 billion Australian dollars, or $36 billion, its average internet speed lags that of the United States, most of Western Europe, Japan and South Korea. In the most recent ranking of internet speeds by Akamai, a networking company, Australia came in at an embarrassing No. 51, trailing developing economies like Thailand and Kenya. For many here, slow broadband connections are a source of frustration and an inspiration for gallows humor. One parody video ponders what would happen if an American with a passion for Instagram and streaming “Scandal” were to switch places with an Australian resigned to taking bathroom breaks as her shows buffer. The article shares this anecdote: “Hundreds of thousands of people from around the world have downloaded Hand of Fate, an action video game made by a studio in Brisbane, Defiant Development. But when Defiant worked with an audio designer in Melbourne, more than 1, 000 miles away, Mr. Jaffit knew it would be quicker to send a hard drive by road than to upload the files, which could take several days.” Read more of this story at Slashdot.

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How Australia Bungled Its $36 Billion High-Speed Internet Rollout

Intel: Our next chips will be a ‘generation ahead’ of Samsung

Intel says that when its long-delayed 10-nanometer Cannon Lake chips finally arrive, they’ll be a “full generation ahead” of rivals Samsung and TMSC, thanks to “hyper scaling” that squeezes in twice as many transistors. That will yield CPUs with 25 percent more performance and 45 percent lower power use than its current Kaby Lake chips when they ship towards the end of 2017. Furthermore, Intel thinks the tech will keep Moore’s Law going and give it a 30 percent cost advantage over competitors like AMD. These are bold words, particularly since its chief rival Samsung is already producing 10-nanometer chips like the Snapdragon 835 , the world’s hottest mobile CPU. However, Intel says that while the chip trace sizes are the same, it has better feature density, letting it squeeze in twice as many transistors as chips from Samsung. That in turn produces smaller die sizes, which “allows Intel to continue the economics of Moore’s Law, ” the company explains in a PowerPoint . Down the road, Intel will also release enhanced 10-nanometer tech called 10+ and 10++. To be sure, that’s mostly marketing-speak that will help it keep consumer’s attention until 7-nanometer chips come along. However, the refinements will offer a further 15 percent performance and 30 percent efficiency boost, it says. Intel laid out all this chip info as part of its Technology and Manufacturing Day yesterday, probably to sooth buyers and investors. Not only did Samsung and Qualcomm beat it to the punch for 10-nanometer chips, AMD also unveiled Ryzen processors that could eat into both its high- and low-end PC markets. However, Intel sounds pretty confident about its next-gen chips and beyond. It’s planning on building 10-nanometer chips for three years before moving on to 7-nanometer tech, about the same cycle length as its current 14-nanometer chips. “We are always looking three generations –- seven to nine years — ahead, ” says Intel Executive VP Stacy J. Smith. “Moore’s Law is not ending at any time we can see ahead of us.” Source: Intel (PDF)

Target Passes Walmart As Top US Corporate Installer of Solar Power

An anonymous reader quotes a report from Electrek: Target is the top corporate installer of solar power in the USA with 147MW installed on 300 stores. Walmart is close behind with 140MW, while Ikea has installed solar on 90% of its retail locations. The Solar Energy Institute of America (SEIA) report shows over 1, 000MW of solar installed in almost 2, 000 unique installations by the largest corporate entities in the country. Additionally these groups have more than doubled their installation volume year on year, with 2015 seeing a total of 130MW, while 2016 is projected to be closer to 280MW. Big box retail locations offer some of the best potential spaces for solar power to be installed — on top of square, flat structures and in previously built parking lots. The average size of an installation by a company in this group is about 500kW — 75X the size of an average residential solar installation. The RE100 organization has signed up 81 global corporations (many on the SEIA list) who have pledged 100% renewable energy. “We’re incredibly proud of the progress we’ve made in improving building efficiencies and reducing environmental impact. Our commitment to installing solar panels on 500 stores and distribution centers by 2020 is evidence of that progress” — said John Leisen, vice president of property management at Target. The geographic breakdown of solar installations is based upon three main drivers — good sunlight, expensive electricity and state level renewable mandates, with Southern California having all three. The northeast USA, with its expensive electricity and aggressive clean energy push, has been on par with California (50% of total solar) for commercial installations. A report put together by the World Wildlife Fund (WWF) and the World Resources Institute (WRI) breaks down the various state level laws that support corporations going green — and, without surprise, it becomes clear that the legal support of renewable energy is a definite driver. Read more of this story at Slashdot.

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Target Passes Walmart As Top US Corporate Installer of Solar Power

First New US Nuclear Reactor In 20 Years Goes Live

An anonymous reader quotes a report from CNN: The Tennessee Valley Authority is celebrating an event 43 years in the making: the completion of the Watts Bar Nuclear Plant. In 1973, the TVA, one of the nation’s largest public power providers, began building two reactors that combined promised to generate enough power to light up 1.3 million homes. The first reactor, delayed by design flaws, eventually went live in 1996. Now, after billions of dollars in budget overruns, the second reactor has finally started sending power to homes and businesses. Standing in front of both reactors Wednesday, TVA President Bill Johnson said Watts Bar 2, the first U.S. reactor to enter commercial operation in 20 years, would offer clean, cheap and reliable energy to residents of several southern states for at least another generation. Before Watts Bar 2, the last time an American reactor had fired up was in 1996. It was Watts Bar 1 — and according to the Atlanta Journal-Constitution, it cost $6.8 billion, far greater than the original price tag at $370 million. In the 2000s, some American power companies, faced with growing environmental regulations, eyed nuclear power again as a top alternative to fossil fuels such as coal and oil. A handful of companies, taking advantage of federal loan guarantees from the Bush administration, revived nuclear reactor proposals in a period now known as the so-called “nuclear renaissance.” Eventually, nuclear regulators started to green light new reactors, including ones in Georgia and South Carolina. In 2007, the TVA resumed construction on Watts Bar 2, according to the International Atomic Energy Agency. The TVA originally said it would take five years to complete. The TVA, which today serves seven different southern states, relies on nuclear power to light up approximately 4.5 million homes. Watts Bar 2, the company’s seventh operating reactor, reaffirms its commitment to nukes for at least four more decades, Johnson said Wednesday. In the end, TVA required more than five years to build the project. The final cost, far exceeding its initial budget, stood at $4.7 billion. Read more of this story at Slashdot.

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First New US Nuclear Reactor In 20 Years Goes Live

Is Elon Musk serious about the Tesla Semi?

Wrightspeed is currently working with Mack Trucks to supply the OEM with electric powertrains for its LM chassis. Wrightspeed Out of all of Elon Musk’s recent “Master Plan Part Deux,” the part that really caught our eye was a short paragraph about a Tesla semi. Much of the rest—solar, autonomous driving, ride-sharing—wasn’t exactly unforeseen. But the idea of a heavy duty Tesla electric vehicle took us by surprise and left us scratching our heads. Tesla isn’t the only company going after this market; Wrightspeed, Proterra, and BYD are already building heavy duty urban electric vehicles, and Mercedes-Benz is about to enter the fray. The Nikola Motor Company (no connection to Tesla Motors) already has 7,000 orders for a zero-emission heavy duty freight hauler that won’t be revealed until December. To find out if our confusion over the Tesla Semi is unwarranted, we spoke to some of the big players in the heavy duty EV market. Even though heavy duty vehicles only account for about eight percent of US carbon emissions (light duty vehicles make up roughly 20 percent), Wrightspeed CEO Ian Wright says electrifying that sector makes more economic sense. In fact, Wright doesn’t think the economics work in favor of electric passenger vehicles. “A Nissan Leaf is twice the price of a Versa and you only save $800 a year,” he told Ars, “that’s a 20-year payback time.” Wright goes on: Read 6 remaining paragraphs | Comments

600,000 Arris Cable Modems Have ‘Backdoors In Backdoors,’ Researcher Claims

An anonymous reader writes: A security researcher using Shodan to probe Arris cable modems for vulnerabilities has found that 600, 000 of the company’s modems not only have a backdoor, but that the backdoor itself has an extra backdoor. Brazilian vulnerability tester Bernardo Rodrigues posted that he found undocumented libraries in three models, initially leading to a backdoor that uses an admin password disclosed back in 2009. Brazilian researcher Bernardo Rodrigues notes that the secondary backdoor has a password derived in part from the final five digits from the modem’s serial number. However, the default ‘root’ password for the affected models remains ‘arris.’ Read more of this story at Slashdot.

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600,000 Arris Cable Modems Have ‘Backdoors In Backdoors,’ Researcher Claims

Inside the Automated UPS Complex That Sorts 7,000 Packages a Minute

Just before midnight, UPS’s Worldport in Louisville, Kentucky begins to come alive. Boeing 757s start roaring overhead. Packages whoosh by on miles of conveyer belts. Before the sun is up, 1.6 million packages will be unloaded and loaded again, sent along toward their final destinations. Read more…

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Inside the Automated UPS Complex That Sorts 7,000 Packages a Minute

Linus Fixes Kernel Regression Breaking Witcher 2

jones_supa writes There has been quite a debate around the Linux version of The Witcher 2: Assassins of Kings and the fact that it wasn’t really a port. A special kind of wrapper was used to make the Windows version of the game run on Linux systems, similar to Wine. The performance on Linux systems took a hit and users felt betrayed because they thought that they would get a native port. However, after the game stopped launching properly at some point, the reason was actually found to be a Linux regression. Linus quickly took care of the issue on an unofficial Witcher 2 issue tracker on GitHub: “It looks like LDT_empty is buggy on 64-bit kernels. I suspect that the behavior was inconsistent before the tightening change and that it’s now broken as a result. I’ll write a patch. Serves me right for not digging all the way down the mess of macros.” This one goes to the bin “don’t break userspace”. Linus also reminds of QA: “And maybe this is an excuse for somebody in the x86 maintainer team to try a few games on steam. They *are* likely good tests of odd behavior..” Read more of this story at Slashdot.

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Linus Fixes Kernel Regression Breaking Witcher 2

Conglomerate Rock From Mars: (Much) More Precious Than Gold

An anonymous reader writes It’s the oldest rock on Earth–and it’s from Mars. A 4.4-billion-year-old martian meteorite, found in a dozen pieces in the western Sahara, has ignited a frenzy among collectors and scientists; prices have reached $10, 000 a gram, and museums and universities are vying for slivers of it. It is the only known martian meteorite made of sediment, a conglomerate of pebbles and other clumps of minerals from when the planet was warm, wet, and possibly habitable. The story of the discovery of the rock and its significance is fascinating, as well as the details presented about the economics of rare space materials. Apropos, this older story about missing moon rocks. Read more of this story at Slashdot.

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Conglomerate Rock From Mars: (Much) More Precious Than Gold