Online Critics Decry Even More Wells Fargo Fraud Scandals

On Saturday author/blogger Cory Doctorow launched a new barrage of criticism towards Wells Fargo: It’s been a whole day since we learned about another example of systematic, widespread fraud by America’s largest bank Wells Fargo (ripping off small merchants with credit card fees), so it’s definitely time to learn about another one: scamming mortgage borrowers out of $43/month for an unrequested and pointless “home warranty service” from American Home Shield, a billion-dollar scam-factory that considers you a customer if you throw away its junk-mail instead of ticking the “no” box and sending it back. $43/month gets you pretty much nothing: people who tried to actually use their AHS insurance found it impossible to get them to actually do anything in exchange for this money. Here’s a quick Wells Fargo fraud scorecard: stealing thousand of cars with fraudulent repos; defrauding mortgage borrowers; blackballing whistelblowers; creating 2, 000, 000+ fraudulent accounts, and stealing millions with fraudulent fees and penalties. Life Pro Tip: if you don’t like banks, join a credit union. Read more of this story at Slashdot.

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Online Critics Decry Even More Wells Fargo Fraud Scandals

90 Cities Install A Covert Technology That Listens For Gunshots

An anonymous reader quotes Business Insider: In more than 90 cities across the US, including New York, microphones placed strategically around high-crime areas pick up the sounds of gunfire and alert police to the shooting’s location via dots on a city map… ShotSpotter also sends alerts to apps on cops’ phones. “We’ve gone to the dot and found the casings 11 feet from where the dot was, according to the GPS coordinates, ” Capt. David Salazar of the Milwaukee Police Dept. told Business Insider. “So it’s incredibly helpful. We’ve saved a lot of people’s lives.” When three microphones pick up a gunshot, ShotSpotter figures out where the sound comes from. Human analysts in the Newark, California, headquarters confirm the noise came from a gun (not a firecracker or some other source). The police can then locate the gunshot on a map and investigate the scene. The whole process happens “much faster” than dialing 911, Salazar said, though he wouldn’t disclose the exact time. The company’s CEO argues their technology deters crime by demonstrating to bad neighborhoods that police will respond quickly to gunshots. (Although last year Forbes discovered that in 30% to 70% of cases, “police found no evidence of a gunshot when they arrived.”) And in a neighborhood where ShotSpotter is installed, one 60-year-old man is already complaining, “I don’t like Big Brother being in all my business.” Read more of this story at Slashdot.

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90 Cities Install A Covert Technology That Listens For Gunshots

Just 14 People Make 500,000 Tons of Steel a Year in Austria

An anonymous reader shares a Bloomberg Businessweek feature: The Austrian village of Donawitz has been an iron-smelting center since the 1400s, when ore was dug from mines carved out of the snow-capped peaks nearby. Over the centuries, Donawitz developed into the Hapsburg Empire’s steel-production hub, and by the early 1900s it was home to Europe’s largest mill. With the opening of Voestalpine AG’s new rolling mill this year, the industry appears secure. What’s less certain are the jobs. The plant, a two-hour drive southwest of Vienna, will need just 14 employees to make 500, 000 tons of robust steel wire a year — vs. as many as 1, 000 in a mill with similar capacity built in the 1960s. Inside the facility, red-hot metal snakes its way along a 700-meter (2, 297-foot) production line. Yet the floors are spotless, the only noise is a gentle hum that wouldn’t overwhelm a quiet conversation, and most of the time the place is deserted except for three technicians who sit high above the line, monitoring output on a bank of flatscreens. “We have to forget steel as a core employer, ” says Wolfgang Eder, Voestalpine’s chief executive officer for the past 13 years. “In the long run we will lose most of the classic blue-collar workers, people doing the hot and dirty jobs in coking plants or around the blast furnaces. This will all be automated.” Read more of this story at Slashdot.

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Just 14 People Make 500,000 Tons of Steel a Year in Austria

Airbnb Announces Its Plan To House 100,000 People In Need

New submitter mirandakatz writes: Airbnb has just unveiled its Open Homes Platform, a home-sharing site for hosts motivated by goodwill instead of profits — and for guests motivated by need rather than wanderlust. Specifically, Airbnb is going to begin by connecting refugees with hosts in Canada, France, Greece, and the United States. Ultimately, refugees will be just one group that the site aims to help: Site visitors can also nominate other groups of people for temporary placements, and the platform will expand to include them eventually. At Backchannel, Jessi Hempel dives into the home-sharing platform’s latest effort, and places it in the context of the company’s broader business strategy. Read more of this story at Slashdot.

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Airbnb Announces Its Plan To House 100,000 People In Need

Verizon Expected To Cut Up To 1,000 Yahoo, AOL Jobs After Acquisition

Verizon’s acquisition and merger of AOL and Yahoo will result in many job cuts. According to Recode, up to 1, 000 AOL and Yahoo jobs are expected to take place across the two companies as the merger is completed. From the report: This action is not unexpected, given that both companies have a lot of redundancies, including in human resources, finance, marketing and general administration. The merger between the two companies — after Verizon bought both in succession to add tech and content to its mobile services — is expected to be completed in the next week. The shareholder meeting to approve the deal takes place tomorrow. Plans to combine both companies have been in the works for a while, as the pair attempt to make a cohesive unit out of two entities that have multiple assets and also multiple problems. It will be headed by AOL CEO Tim Armstrong, who will become the CEO of Oath, the new name for the Verizon subsidiary. Read more of this story at Slashdot.

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Verizon Expected To Cut Up To 1,000 Yahoo, AOL Jobs After Acquisition

US Senate approves encrypted chat app Signal for staff use

The United States Senate has been taking cybersecurity more seriously than ever before, thanks to the DNC leaks and various government cyberattacks. Senate Sergeant at Arms Frank J. Larkin and his team have recently finished encrypting all Senators’ websites, and it turns out he has also approved Signal for official use by Senate staff members. Sen. Ron Wyden, a privacy and encryption advocate, has revealed that Larkin’s office has given one of the most secure messaging apps out there its seal of approval in a letter thanking the Sergeant at Arms for his efforts. While the letter was sent on May 9th, ZDNet says staff members were first allowed to use the app for official business back in March. That the current administration would approve Signal for official use came as somewhat of a surprise. Back in February, House Republicans Darin LaHood and Lamar Smith demanded an investigation into the EPA’s use of secure messaging apps to secretly express their dissatisfaction with President Trump’s policies. They said encrypted conversations can “run afoul” of the government’s record-keeping rules. Nevertheless, Signal’s approval isn’t really groundbreaking. The National Archives and Records Administration told ZDNet that Senate staff members are exempt from those rules, so long as they don’t use encrypted apps for anything considered “historically valuable.” Via: ZDNet Source: Senator Ron Wyden

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US Senate approves encrypted chat app Signal for staff use

Germany Sets New National Record With 85 Percent of Its Electricity Sourced From Renewables

Germany was able to set a new national record for the last weekend of April with 85 percent of all electricity consumed in the country being produced from renewables — wind, solar, biomass, and hydroelectric power. Digital Trends reports: Aided by a seasonal combination of windy but sunny weather, during that weekend the majority of Germany’s coal-fired power stations weren’t even operating, while nuclear power stations (which the country plans to phase out by the year 2022) were massively reduced in output. To be clear, this is impressive even by Germany’s progressive standards. By comparison, in March just over 40 percent of all electricity consumed in the country came from renewable sources. However, while the end-of-April weekend was an aberration, the hope is that it won’t be for too much longer. According to Patrick Graichen of the country’s sustainability-focused Agora Energiewende Initiative, German renewable energy percentages in the mid-80s should be “completely normal” by the year 2030. Read more of this story at Slashdot.

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Germany Sets New National Record With 85 Percent of Its Electricity Sourced From Renewables

Germany Sets New National Record With 85 Percent of Its Electricity Sourced From Renewables

Germany was able to set a new national record for the last weekend of April with 85 percent of all electricity consumed in the country being produced from renewables — wind, solar, biomass, and hydroelectric power. Digital Trends reports: Aided by a seasonal combination of windy but sunny weather, during that weekend the majority of Germany’s coal-fired power stations weren’t even operating, while nuclear power stations (which the country plans to phase out by the year 2022) were massively reduced in output. To be clear, this is impressive even by Germany’s progressive standards. By comparison, in March just over 40 percent of all electricity consumed in the country came from renewable sources. However, while the end-of-April weekend was an aberration, the hope is that it won’t be for too much longer. According to Patrick Graichen of the country’s sustainability-focused Agora Energiewende Initiative, German renewable energy percentages in the mid-80s should be “completely normal” by the year 2030. Read more of this story at Slashdot.

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Germany Sets New National Record With 85 Percent of Its Electricity Sourced From Renewables

Germany Sets New National Record With 85 Percent of Its Electricity Sourced From Renewables

Germany was able to set a new national record for the last weekend of April with 85 percent of all electricity consumed in the country being produced from renewables — wind, solar, biomass, and hydroelectric power. Digital Trends reports: Aided by a seasonal combination of windy but sunny weather, during that weekend the majority of Germany’s coal-fired power stations weren’t even operating, while nuclear power stations (which the country plans to phase out by the year 2022) were massively reduced in output. To be clear, this is impressive even by Germany’s progressive standards. By comparison, in March just over 40 percent of all electricity consumed in the country came from renewable sources. However, while the end-of-April weekend was an aberration, the hope is that it won’t be for too much longer. According to Patrick Graichen of the country’s sustainability-focused Agora Energiewende Initiative, German renewable energy percentages in the mid-80s should be “completely normal” by the year 2030. Read more of this story at Slashdot.

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Germany Sets New National Record With 85 Percent of Its Electricity Sourced From Renewables

Germany Sets New National Record With 85 Percent of Its Electricity Sourced From Renewables

Germany was able to set a new national record for the last weekend of April with 85 percent of all electricity consumed in the country being produced from renewables — wind, solar, biomass, and hydroelectric power. Digital Trends reports: Aided by a seasonal combination of windy but sunny weather, during that weekend the majority of Germany’s coal-fired power stations weren’t even operating, while nuclear power stations (which the country plans to phase out by the year 2022) were massively reduced in output. To be clear, this is impressive even by Germany’s progressive standards. By comparison, in March just over 40 percent of all electricity consumed in the country came from renewable sources. However, while the end-of-April weekend was an aberration, the hope is that it won’t be for too much longer. According to Patrick Graichen of the country’s sustainability-focused Agora Energiewende Initiative, German renewable energy percentages in the mid-80s should be “completely normal” by the year 2030. Read more of this story at Slashdot.

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Germany Sets New National Record With 85 Percent of Its Electricity Sourced From Renewables