"Interesting story in the AJC today on a cheating scandal involving hired ringers taking the teacher qualification exam for candidates in Arkansas, Mississippi and Tennessee. The ringers used faked IDs to sit for the Praxis exam, administered by the Educational Testing Service. Praxis exams are required by 40 states and territories to measure the academic achievement and proficiency of newly minted teachers." Continue reading →
"The Linux-powered scope produces a display that looks something like the heads-up display you'd see sitting in the cockpit of a fighter jet, showing the weapon's compass orientation, cant, and incline. To shoot at something, you first 'mark' it using a button near the trigger. Marking a target illuminates it with the tracking scope's built-in laser, and the target gains a pip in the scope's display. When a target is marked, the tracking scope takes into account the range of the target, the ambient temperature and humidity, the age of the barrel, etc. It quickly reorients the display so the crosshairs in the center accurately show where the round will go." Continue reading →
"What makes Bitcoin so interesting is that it flies in the face of payment models that we’re used to today; it’s a push model rather than a pull one. When you give a website your credit card and billing information to buy something, the company is pulling money out of your account. Giving up that personal information isn’t the safest thing, and Bitcoin allows you to 'push' the money to a company to buy something. This means that no personally identifiable information goes with it, making eventual identity theft and fraud nearly impossible during the transaction." Continue reading →
"Schmidt said he told North Korean officials they should open up the country’s Internet 'or they will remain behind'. 'As the world becomes increasingly connected, their decision to be virtually isolated is very much going to affect their physical world, their economic growth and so forth, and it will make it harder for them to catch up economically,' he said. 'Once the Internet starts, citizens in a country can certainly build on top of it. The government has to do something. It has to make it possible for people to use the Internet which the government in North Korea has not yet done.'" Continue reading →
"A new technology shown off at this year’s Consumer Electronics Show in Las Vegas enables regular touch screens to sprout actual, physical buttons. Developed by a company called Tactus, it works by manipulating a transparent fluid inside the screen and causing it to press up against a top polymer layer, which bulges up and creates a button that can be pressed. The effects, shown in the video below, seem to promise that touch screens of the future won’t just be flat interactive displays, but dynamic devices with every bit as much tactile feedback as the keypads of old." Continue reading →
"Moviegoers in China spent 17 billion yuan ($2.7 billion) on tickets last year, turning the country into the second-largest film market in the world, the state news agency Xinhua said on Wednesday. Sales rose 30 percent from 2011, it said, citing the State Administration of Radio, Film and Television (SARFT), underscoring the rapid growth that has long attracted Hollywood despite China’s tight restrictions on foreign films. China in 2012 agreed to increase the number of films allowed in annually from the United States — which is the world’s largest movie market — from 20 to 34, whereas 893 domestic films were produced last year." Continue reading →
"Jacob J. Lew, President Obama’s presumed choice to lead the Treasury Department, has close ties to Wall Street, receiving more than $900,000 in bonus cash from a division of Citigroup just as the company was getting bailed out by U.S. taxpayers[...] Formerly chief operating officer at Citi Alternative Investments, a division of Citigroup, Mr. Lew received a bonus of $944,578 in January 2009, a payment that came days before he joined the State Department and later surfaced in a government ethics form. The bonus came on top of $1.1 million in other Citigroup compensation he reported receiving during 2008 and the first two weeks of 2009." Continue reading →
"I'm an optimist on the future of technology. But the way a lot of it is going to be applied by people in government is a different question. The current developments are quite disturbing, especially the emerging capability of police to use cameras and computers to scan millions and millions of people and identify individuals in seconds. They say it's to track sex offenders or catch terrorists, but what's clearly at stake here is the universal monitoring of everyone all the time – just like in 1984. The bad news is that it's here now, and spreading around the world." Continue reading →
"When an industry is only profitable with government backing it means that the industry uses resources — labor, energy, raw materials — and turns them into finished products that are worth less than the inputs required to make them. The more of these zombie industries the government supports, the poorer the society becomes. 'Rentier' is a French word that has leaked into English. It describes people who have found a way to exploit the system for their own benefit — people who have legal entitlements to income streams. In other words, 'Rentier' describes a class of folks who contribute absolutely nothing to national prosperity — zombies." Continue reading →
"Spain has been quietly tapping the country's richest piggy bank, the Social Security Reserve Fund, as a buyer of last resort for Spanish government bonds, raising questions about the fund's role as guarantor of future pension payouts. Now the scarcely noticed borrowing spree, carried out amid a prolonged economic crisis, is about to end, because there is little left to take. At least 90% of the €65 billion ($85.7 billion) fund has been invested in increasingly risky Spanish debt." Continue reading →