How to Lose $172,222 a Second for 45 Minutes
October 21st, 2013Via: python sweetness:
This is probably the most painful bug report I’ve ever read, describing in glorious technicolor the steps leading to Knight Capital’s $465m trading loss due to a software bug that struck late last year, effectively bankrupting the company.
The tale has all the hallmarks of technical debt in a huge, unmaintained, bitrotten codebase (the bug itself due to code that hadn’t been used for 8 years), and a really poor, undisciplined devops story.
NSA Intercepts Millions of Telephone Calls… In France
October 21st, 2013Via: AFP:
France and Mexico have angrily demanded prompt explanations from the United States following “shocking” new spying allegations leaked by former US security contractor Edward Snowden.
The reports published in French daily Le Monde and German weekly Der Spiegel reveal that the US National Security Agency secretly monitored tens of millions of phone calls in France and hacked into former Mexican President Felipe Calderon’s email account.
Outsourcing Chicken Processing to China
October 21st, 2013[???]
Via: Bloomberg:
Food-safety advocates are raising alarms over a decision by the Obama administration to permit chicken processed in China to be sold in the U.S. even after several high-profile incidents of food contamination.
The U.S. Department of Agriculture, in addressing a decade-long trade dispute over farm imports, said it will allow poultry slaughtered in the U.S. and Canada to be processed in China and returned to the U.S. for consumption. Critics are vowing to fight the decision, which they say puts consumers at risk due to lax Chinese factory oversight.
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Poultry producers say almost all the chicken eaten in the U.S. will still be produced and processed domestically. The U.S. government currently allows Canada, Chile, France and Israel to export processed poultry to the U.S.
“Ninety-nine percent of the chicken we consume here is hatched, raised and processed in the U.S.,” Tom Super, a spokesman for the National Chicken Council, a Washington-based industry group, said in an e-mail. “We don’t expect that to change any time soon.”
Officials from the Chinese embassy in Washington didn’t respond to e-mail or phone requests for comment.
China: Smog Emergency Shuts City of 11 Million People
October 20th, 2013Via: Reuters:
Choking smog all but shut down one of northeastern China’s largest cities on Monday, forcing schools to suspended classes, snarling traffic and closing the airport, in the country’s first major air pollution crisis of the winter.
An index measuring PM2.5, or particulate matter with a diameter of 2.5 micrometers (PM2.5), reached a reading of 1,000 in some parts of Harbin, the gritty capital of northeastern Heilongjiang province and home to some 11 million people.
A level above 300 is considered hazardous, while the World Health Organisation recommends a daily level of no more than 20.
The smog not only forced all primary and middle schools to suspend classes, but shut the airport and some public bus routes, the official Xinhua news agency reported, blaming the emergency on the first day of the heating being turned on in the city for winter. Visibility was reportedly reduced to 10 meters.
Related: Beijing Pollution So Bad That International Schools Build Filtered Air Domes for Children
Japan: Celibacy Syndrome
October 20th, 2013Via: Guardian:
45% of Japanese women aged 16-24 are ‘not interested in or despise sexual contact’. More than a quarter of men feel the same way.
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Japan’s under-40s appear to be losing interest in conventional relationships. Millions aren’t even dating, and increasing numbers can’t be bothered with sex. For their government, “celibacy syndrome” is part of a looming national catastrophe. Japan already has one of the world’s lowest birth rates. Its population of 126 million, which has been shrinking for the past decade, is projected to plunge a further one-third by 2060.
Robot Baristas
October 20th, 2013Via: Quartz:
In a common area at the University of Texas at Austin, the Briggo coffee kiosk, covered in fake wood paneling and a touch screen and not much else, takes up about as much space as a pair of phone booths. Its external appearance was designed by award-winning industrial designer Yves Behar, with the intention that it radiate authenticity and what Briggo says is its commitment to making coffee that is the equal of what comes out of any high-end coffee shop.
The kiosk at the university is the second version, the one that will be rolling out across the country in locations that are still secret. It needs just 50 square feet (4.6 sq m) of floor space, and it can be dropped anywhere—an airport, a hospital, a company campus, a cafe with tables and chairs and WiFi just like Starbucks. It’s manufactured in Austin.
Inside, protected by stainless steel walls and a thicket of patents, there is a secret, proprietary viscera of pipes, storage vessels, heating instruments, robot arms and 250 or so sensors that together do everything a human barista would do if only she had something like perfect self-knowledge. “How is my milk steamer performing? Am I a half-degree off in my brewing temperature? Is my water pressure consistent? Is there any residue buildup on my brewing chamber that might require me to switch to a backup system?”
The Briggo coffee kiosk knows how to make a perfect coffee because it was “trained” by an award-winning barista, Patrick Pierce. He’s since left the company, but no matter: as in the techno-utopian Singularity, whose adherents believe that some day we will all upload our brains to computers, once a barista’s essence has been captured by Briggo, his human form is just a legacy system.
Besides, baristas, especially the ones at America’s favorite “high end” coffee shop, don’t often stick around long enough to become as good as Pierce. Turnover at Starbucks, which is typical of all demanding retail environments, leads to what Nater calls “variation,” and not the kind that’s exciting—the kind that coffee connoisseurs frown upon, because it means coffee isn’t being extracted from beans in the optimal way.
“What we’ve created is in essence a small food factory that absolutely replicates what a champion barista does,” says Nater. Briggo roasts its own beans—sourced by a pair of coffee supply veterans who between them spent a combined 40 years at Starbucks. “We have calibrated this machine to pull espresso shots to the same specification as an Illy or a Stumptown or an Intelligentsia. We’ve just done it without the human element.”
Related: Momentum Machines Robots Will Prepare Hamburgers, Eliminate Fast Food Jobs
Level 3 Outage Disrupts East Coast Internet Traffic
October 19th, 2013Via: Wall Street Journal:
Internet users from Brooklyn to Philadelphia suffered slow to nonexistent service Saturday after equipment at a New York-area network hub broke down, disrupting service for several hours.
A spokesman for the Internet service provider Level 3 Communications Inc. said technicians were working quickly to fix the outage, which cascaded down to customers using Cablevision Systems Corp.’s Optimum service and Time Warner Cable Inc., among others.
JPMorgan Agrees to Tentative $13 Billion Settlement with U.S. Over Bad Mortgages
October 19th, 2013Woh. It they are agreeing to a $13 billion settlement, one has to wonder about the true magnitude of the damage caused by JPM’s behavior. These settlements typically represent pennies-on-the-dollar wrist slaps which seem to encourage companies to attempt even greater frauds.
Via: Washington Post:
JPMorgan Chase, the nation’s largest bank, has reached a tentative agreement with the Justice Department to pay a record $13 billion to resolve allegations that it knowingly sold faulty mortgage securities that contributed to the financial crisis, a person familiar with the talks said Saturday.
If finalized, the deal would be the largest penalty ever paid by a single company, representing a tremendous win for the government after years of public criticism over its struggle to hold Wall Street accountable for its crisis-era misdeeds.
It would also leave JPMorgan and its executives still at risk of criminal prosecution, a humbling concession. The bank emerged from the financial crisis relatively unscathed but has struggled to shake off the vestiges of that era. Like many banks, it has been accused of selling bad residential mortgages to investors, including Fannie Mae and Freddie Mac, which lost billions when the housing market crashed.
Mexico Bans GE Corn
October 19th, 2013Via: Care2:
Just when you think there’s no winning against the biotech industry, news out of Mexico City shows that all is not lost. After years of deliberation, a Mexico judge has placed an indefinite ban on genetically-engineered corn. Effective immediately, companies like Monsanto and DuPont/Pioneer will no longer be allowed to plant or sell their corn within the country’s borders.
The decision comes nearly two years after Care2 reported that the Mexican government had put Monsanto’s GE corn on hold, citing the need for more tests.
“Corn is a staple food crop in Mexico, intricately intertwined with the country’s cuisine, history, and culture. Authorities are concerned that Monsanto’s genetically modified corn will contaminate native species, and could cause both health and environmental issues,” Care2 reported at the time.
Now, it appears that Mexican authorities have finally made their decision. According to Environmental Food and Justice, Judge Jaime Eduardo Verdugo J. of the Twelfth Federal District Court for Civil Matters of Mexico City ruled that the genetically-engineered corn posed ”the risk of imminent harm to the environment.” He also ordered Mexico’s Secretary of Agriculture and SEMARNAT (Secretaría de Medio Ambiente y Recursos Naturales), equivalent to the U.S. EPA, to immediately “suspend all activities involving the planting of transgenic corn in the country and end the granting of permission for experimental and pilot commercial plantings.”
The ruling means that Monsanto and other biotech companies will be required to halt all activities in the country, giving collective action lawsuits initiated by citizens, farmers, scientists and other concerned parties a chance to work their way through the judicial system.
Recovery: “4 in 5 in USA Face Near-Poverty, No Work”
October 19th, 2013Via: AP:
Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.
Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons for the trend.
