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Press

Computers Screw Stock Market Even More Than It's Already Screwed

Posted by Jesus Diaz at 2:42 AM on October 11, 2008

As if we didn't have enough with the stock market going down in flames on its own, computers have decided to screw them a little bit more and make everyone go "WTF" for a few minutes this morning. After dropping around two hundred gazillion points yesterday, today the Dow Jones industrials saw another drop of 700 points, which was suddenly reduced to 125 and then went down again. Everyone thought "rebound" for a second there, until they realised what was really happening.


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Press

Presenting the Latest in ATM Scam Gear: The SMS-Sending Card Skimmer

Posted by John Mahoney at 11:30 PM on October 10, 2008

NYC is full of ATMs. It's one of the great things about living in this city--you're never more than a block or two away from cash. But a large, large percentage of NYC's ATMs are cut-rate bodega models that look like your card could catch something nasty from them once dipped. Helping spread the nasty is this, the newest development in ATM skimmers, with SMS capability. So now, if he's got $US8,500 to drop on the top of the line scam gear, the asshole who just jacked your card number and PIN doesn't even have to come back to the scene of the crime to retrieve it.


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Press

Qantas Looking To Blame A330's Sudden Drop in Altitude On Passengers' Gadgets?

Posted by John Mahoney at 3:45 AM on October 10, 2008

Earlier this week, a Qantas A330 inexplicably climbing 300 feet then nose-diving back down. In the cabin, 71 people were injured. Interestingly, the ATSB is now looking at in-cabin interference from personal electronics as a possible cause of the "irregularity with the aircraft's elevator control system." Wait, what? Really?

AU: I feel the need to clarify this: the original article on this stated that investigators were looking at "onboard computers" being the cause of the sudden dive. An enterprising (and unnamed) journo at AAP decided that "onboard computers" must mean "passenger laptops" and hence the rumour was born. While the investigators havent ruled out passenger laptops as a possible cause, they also haven't ruled out the possibility that the co-pilot rendered the entire cockpit unconscious with a stench-laden, in-flight meal-fuelled fart (okay, they may have ruled that out). My point is that this is a media beatup fuelled by some shoddy journalism. You may continue flying with your gadgets without fear of dying.
UPDATE: Check out this APC piece by David Braue about the whole incident. It's a good look at the real facts involved with the story.


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Press

Sarah Palin Email Hacker Faces 5 Year Prison Term

Posted by Sean Fallon at 7:30 AM on October 9, 2008

If prosecutors have their way, David Kernell, the 20 year old son of a Tennessee state representative and prime suspect in the Sarah Palin email hack will make an inmate looking for a young, supple jailhouse bride very happy. He was indicted today by a federal grand jury in Knoxville, Tenn for illegally accessing the account and faces up to 5 years in prison, a $US250,000 fine and a three-year term of supervised release. A trial date has not been set, but it is safe to say that things don't look good. [USDOJ via Crunchgear]

Press

Damn The Economy - Aussies Still Spending Up Big

Australian Post Posted by Nick Broughall at 1:00 PM on October 8, 2008

lcd shopping.jpgThe results of Canon's Digital Lifestyle Index were released today, and despite all the recent economic doom and gloom, the situation doesn't look too bad for consumer tech companies in Australia. In the first half of this year, we Aussies spent a total of $2.424 billion on gadgets, which is a 12.1% increase on the same period in 2007.

More and more games consoles, digital music players, digital cameras and multifunction devices are being sold than ever before, but at the same time, DVD players and single-function inkjet printers seem to be dying a painful death, mostly due to market saturation.

Flat-panel TVs are the biggest earners, thanks to dropping prices and big events like the Olympics. LCD accounts for more revenue than plasma (not really a big surprise there) and digital cameras are actually worth a crapload of money each year, considering their low cost relative to TVs.

The full press release is below the fold. It's fascinating reading if you've got a few minutes to spare:

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Online

iTunes Shutdown Scare Officially Over, Officially Dumb

Posted by John Herrman at 9:10 PM on October 3, 2008

The National Music Publishers Board didn't get their request to the Copyright Royalty Board for a larger cut of digital music sales, putting a definitive end to a miniature media crisis over the "possible" shutdown of iTunes. Apple threw a minor shit-fit over the prospective hike last year, insinuating that they might not be able to continue business if they were "no longer able to do so profitably" (what business sense!), after which the British press decided that music was going to go away forever, or something. In any case, iTunes' profitability was never really at stake, Apple wasn't actually planning to shut down the largest music retailer in the US, and the press needs to calm down. [BBC]


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Press

Aviation Adventurer Steve Fossett's Aeroplane Wreckage Found

Posted by John Mahoney at 1:15 AM on October 3, 2008

After a hiker found some of Fossett's ID documents in eastern California while on a trail in the Sierra Nevadas, a search team has found what looks to be the wreckage of the record-breaking pilot's single-engine Bellanca plane. Fossett, who became the first person to fly solo around the world in a balloon among other feats, took off for a quick leisure flight in September of last year and never came back. He was declared legally deceased in February by his family, and now, finally a bit more closure. [Reuters]


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Press

Glitch Drops Google Stock Price $US200 in Four Minutes, Wiping Out $62 Billion

Posted by Matt Buchanan at 9:40 AM on October 1, 2008

At probably like the worst time ever for your stock to plummet harder than a meteor on a collision course with Bruce Willis, a glitch knocked $US200 off of Google's stock price—that's half—in the span of four minutes as the markets were closing today. $US62 billion. Erased. In four minutes. The glitch has been fixed, bringing it back to the correct price of $US407, but some trades actually did go through at the bargain basement price. While they'll be repealed, it shows you that it's so crazy out there even computers are going nuts right now. [TechCrunch]

Press

Norway Forgets Who They're Dealing With, Demands Apple Open Up FairPlay DRM (Again)

Posted by Matt Buchanan at 8:20 AM on October 1, 2008

Norway is ostensibly big on neutrality, even when it gets them invaded and pulverised, so not surprisingly it hates Apple's FairPlay DRM, which only lets songs play on iPods. It even has a law requiring that consumers be able to use digital media with whatever device they choose, which FairPlay obviously pees all over. After a lovely chat with Apple in February, not much has changed, so gentle Norway is going to play war against Apple over FairPlay for the rest of hapless Europe.

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Press

Pandora, Nearing Survival Deal, Gets New Threat From NAB

Posted by Wilson Rothman at 9:16 AM on September 27, 2008

CNet earlier today broke a story about how the National Association of Broadcasters—traditional broadcasting conglomerates and others who think HD Radio is more vital than the internet—is trying to kill a brand new bill that could save Pandora and other web radio services. We've done some reporting of our own, and the situation does indeed seem dire. If you love your Pandora, here's what's going on, and how you can help save its very existence:


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