technology

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#BreakingNews: Fed raises benchmark rate 0.25%. Fed funds rate range now 1.5% to 1.75%. Fed maintains three rate hikes for 2018.

More Than 11 Million Young People Have Fled Facebook Since 2011 According to iStrategy, Facebook has 4,292,080 fewer high-school aged users and 6,948,848 college-aged users than it did in 2011.

March 23, 2018 - Elon Musk joins delete-facebook boycott, deleted Tesla’s and SpaceX’s Facebook pages on Friday. “I didn’t realize there was one. Will do,” Musk tweeted back. He initially said, “What’s Facebook?” to a prior tweet from WhatsApp co-founder Brian Acton urging his followers to delete Facebook because, “It is time.”

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Image courtesy JOEL SAGET / AFP / Getty Images

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Queen Jack Dorsey Says There's Value in Twitter Remaining Independent
Twitter Inc. Chief Executive Officer Jack Dorsey said there’s "strength" in the social-media company remaining independent, deflecting renewed speculation that it may again be an acquisition target.

"There’s a lot of strength to our independence because we can work on every device, work through every medium," Dorsey said Tuesday at the Goldman Sachs Technology and Internet Conference in San Francisco. "We’re not constrained by the particular whims of one platform versus another."

Twitter shares, which rose 8.1 percent at Tuesday’s close in New York, jumped on several trading days last month on takeover speculation. In a January note to investors, BTIG analyst Richard Greenfield predicted that Twitter will be acquired this year, saying it has become too valuable to remain independent. Reports of acquisition talks regarding the microblogging service first emerged in 2016, with potential suitors including Walt Disney Co. and Alphabet Inc.’s Google.

Twitter has made significant improvements since those talks fell apart without a deal. The company’s shares have more than doubled in the past year, driven by stronger financial performance and changes to the app that are bringing users back to the platform more frequently. Earlier this month, San Francisco-based Twitter reported its first revenue growth in four quarters and its first real profit.

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Photo courtesy Bloomberg

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21 Nov, 2017
Uber Paid Hackers $100,000 to Delete Stolen Data on 57 Million People, to Keep Massive Cyberattack Quiet
Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year. This week, the ride-hailing firm ousted its chief security officer and one of his deputies for their roles in keeping the hack under wraps, which included a $100,000 payment to the attackers.

Compromised data from the October 2016 attack included names, email addresses and phone numbers of 50 million Uber riders around the world, the company told Bloomberg on Tuesday. The personal information of about 7 million drivers was accessed as well, including some 600,000 U.S. driver’s license numbers. No Social Security numbers, credit card information, trip location details or other data were taken, Uber said.

21 Nov, 2017
Uber concealed massive hack that exposed data of 57m users and drivers
Firm paid hackers $100,000 to delete data and keep breach quiet
Uber concealed a massive global breach of the personal information of 57 million customers and drivers in October 2016, failing to notify the individuals and regulators, the company acknowledged on Tuesday.

Uber also confirmed it had paid the hackers responsible $100,000 to delete the data and keep the breach quiet, which was first reported by Bloomberg.

21 Nov 2017  read more »

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18 Oct 2017 - First floating wind farm, built by offshore oil company, delivers electricity - Anchored, floating turbines allow offshore wind installations in deep waters.
The world’s first floating offshore wind farm began delivering electricity to the Scottish grid today.

The 30MW installation, situated 25km (15.5mi) from Peterhead in Aberdeenshire, Scotland, will demonstrate that offshore wind energy can be harvested in deep waters, miles away from land, where installing giant turbines was once impractical or impossible. At peak capacity, the wind farm will produce enough electricity to power 20,000 Scottish homes.

The installation, called Hywind Scotland, is also interesting because it was built by Statoil, a Norwegian mega-corporation known for offshore oil drilling. Statoil has pursued offshore wind projects in recent years, using the company's experience building and managing infrastructure in difficult open sea conditions to its advantage.

Hywind Scotland began producing power in September, and today it starts delivering electricity to the Scottish grid.

The five 6MW turbines are the first commercial turbines to lack a firm attachment to the seafloor. The towers extend 176m (577ft) above the water and 78m (256ft) below it. Each tower is capable of pitching its blades to reduce unwanted motion and optimize power output depending on the wind direction and strength.  read more »

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Last Pacific Coast Coal Terminal Nixed - Industry’s dream to export U.S. coal to Asia is dead
The state of Washington's Department of Ecology has rejected a necessary water-quality permit sought by Millennium Bulk Logistics for its proposed coal-export terminal at Longview, Washington. Barring a successful appeal of the decision, this means the end of the line not only for Millennium's dream of building the largest coal-export facility in North America, but also for the coal industry's larger scheme to ship vast amounts of U.S. coal to Asian markets.

"This is the end," says Bruce Nilles, senior campaign director of the Sierra Club's Beyond Coal campaign. "Almost exactly seven years ago, Peabody Coal proposed its first project to move huge amounts of coal around the globe. This is a testament to the tens of thousands of people who raised their voices and said, 'Hell no.'"

Shipping coal abroad was supposed to be a lifeline for the U.S. coal industry, given plummeting domestic demand as renewables became cost-competitive with fossil fuels. With vast coal reserves readily available in the Powder River Basin in Montana and Wyoming, coal companies pinned their hopes on exporting it to Asia via seven proposed terminals on the West Coast. With Longview blocked, coal opponents are now seven for seven in stopping those terminals. (The others were to be at Cherry Point and Grays Harbor in Washington; Port Westward, Coos Bay, and Port of Morrow in Oregon; and Oakland, California.)

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Domino Loft system, designed by Charles Irby of ICOSA and Peter Suen

Zoku Hybrid Live-Work Hotel

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8 clever modern micro-apartments that live big
Micro-apartments are becoming more popular in cities where the demand for housing is growing, and the supply of affordable real estate is shrinking. From New York, to San Francisco and London, micro-living spaces that measure 500 square feet or less are becoming a trend, offering renters and buyers something smaller but less expensive. Nevertheless, these tiny spaces often packed with built-in amenities like transformer furniture, or if they are part of a multi-unit development, generous communal spaces to compensate for the tinier private quarters.

Domino Loft System
Our first look is at the Domino Loft system, designed by Charles Irby of ICOSA and Peter Suen for a young couple. The system consists of prefabricated concrete panels, wood slats and custom-made cabinetry, and is configured as an all-in-one unit that can transform into a dining room, workspace and guest room on the bottom level. On top, one can find the sleeping loft, which also doubles as a perch to watch films projected onto a wall on the other side of the space. Multifunctional designs such as this help to give more privacy to each occupant and augment what would be an other tiny space.

Zoku Hybrid Live-Work Hotel  read more »

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12 September, 2017
Equifax CEO Richard Smith Apologizes for the 'Most Humbling Moment in Our 118-Year History'
Equifax CEO Richard Smith has apologized for the massive cybersecurity breach at the company, which he described as "the most humbling moment in our 118-year history" and resolved to "make changes" to ensure nothing similar happens again.

28 September, 2017
Equifax Promises A New Lifetime Service, As New Leader Offers An Apology
Equifax is promising consumers new control over access to their personal credit data — for free, and for life — as interim CEO Paulino do Rego Barros Jr. apologized to people affected by the company's recent data breach. He said the company had failed to live up to expectations.

"On behalf of Equifax, I want to express my sincere and total apology," Barros wrote in an op-ed for The Wall Street Journal.

In the piece published behind the Journal's online paywall, but that doesn't seem to have been reproduced on Equifax's own site, Barros also unveiled plans for a new credit-monitoring tool:

"By Jan. 31, Equifax will offer a new service allowing all consumers the option of controlling access to their personal credit data. The service we are developing will let consumers easily lock and unlock access to their Equifax credit files. You will be able to do this at will. It will be reliable, safe and simple. Most significantly, the service will be offered free, for life."  read more »