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Google

Google Exec Testifies Innovation Key To Avoid Becoming 'Next Road Kill' (reuters.com) 17

Google executive Prabhakar Raghavan on Thursday detailed challenges the search and advertising giant faces from smaller rivals, describing efforts to avoid becoming "the next road kill." From a report: Raghavan testified at the ongoing antitrust trial in the suit brought by the U.S. Justice Department and a coalition of state attorneys general, alleging Alphabet's Google unlawfully abused its dominance in the search-engine market to maintain monopoly power. Raghavan, asked about a 1998 article about Yahoo!'s dominance of search at the time, said he was acutely aware rivals from Expedia.com to Instagram to TikTok competed for users' attention.

"I feel a keen sense not to become the next road kill," said Raghavan, a senior vice president at Google who reports to chief executive Sundar Pichai. Raghavan said Google had some 8,000 engineers and product managers working on search, with about 1,000 involved in search quality. Raghavan's description of Google struggling to stay relevant clashed with the Justice Department's depiction of a behemoth that broke antitrust law to retain dominance of online search and some aspects of advertising, including paying an estimated $10 billion annually to smartphone makers and wireless carriers to be the default search engine on devices. Google's share of the search engine market is near 90%.

Social Networks

Online 'Information War' in Africa Rages on Social Media (yahoo.com) 46

The Washington Post tells the story of a veteran political operative and a former army intelligence officer hired to help keep in power the president of the west African nation Burkina Faso: Their company, Percepto International, was a pioneer in what's known as the disinformation-for-hire business. They were skilled in deceptive tricks of social media, reeling people into an online world comprised of fake journalists, news outlets and everyday citizens whose posts were intended to bolster support for [president Roch Marc] Kaboré's government and undercut its critics. But as Percepto began to survey the online landscape across Burkina Faso and the surrounding French-speaking Sahel region of Africa in 2021, they quickly saw that the local political adversaries and Islamic extremists they had been hired to combat were not Kaboré's biggest adversary. The real threat, they concluded, came from Russia, which was running what appeared to be a wide-ranging disinformation campaign aimed at destabilizing Burkina Faso and other democratically-elected governments on its borders.

Pro-Russian fake news sites populated YouTube and pro-Russian groups abounded on Facebook. Local influencers used WhatsApp and Telegram groups to organize pro-Russian demonstrations and praise Russian President Vladimir Putin. Facebook fan pages even hailed the Wagner Group, the Russian paramilitary network run by Yevgeniy Prigozhin, the late one-time Putin ally whose Internet Research Agency launched a disinformation campaign in the United States to influence the 2016 presidential election... Percepto didn't know the full scope of the operation it had uncovered but it warned Kaboré's government that it needed to move fast: Launch a counteroffensive online — or risk getting pushed out in a coup.

Three years later, the governments of five former French colonies, including Burkina Faso, have been toppled. The new leaders of two of those countries, Mali and Burkina Faso, are overtly pro-Russian; in a third, Niger, the prime minister installed after a July coup has met recently with the Russian ambassador. In Mali and the Central African Republic, French troops have been replaced with Wagner mercenaries...

Percepto's experience in French-speaking Africa offers a rare window into the round-the-clock information warfare that is shaping international politics — and the booming business of disinformation-for-hire. Meta, the social media company that operates Facebook, Instagram and WhatsApp, says that since 2017 it has detected more than 200 clandestine influence operations, many of them mercenary campaigns, in 68 countries.

The article also makes an interesting point. "The burden of battling disinformation has fallen entirely on Silicon Valley companies."
The Media

What Happens When Major Online Platforms Lower Traffic to News Sites? (yahoo.com) 101

"The major online platforms are breaking up with news," reports the New York Times: Campbell Brown, Facebook's top news executive, said this month that she was leaving the company. Twitter, now known as X, removed headlines from the platform days later. The head of Instagram's Threads app, an X competitor, reiterated that his social network would not amplify news. Even Google — the strongest partner to news organizations over the past 10 years — has become less dependable, making publishers more wary of their reliance on the search giant. The company has laid off news employees in two recent team reorganizations, and some publishers say traffic from Google has tapered off... Some executives of the largest tech companies, like Adam Mosseri at Instagram, have said in no uncertain terms that hosting news on their sites can often be more trouble than it is worth because it generates polarized debates...

Publishers seem resigned to the idea that traffic from the big tech companies will not return to what it once was. Even in the long-fractious relationship between publishers and tech platforms, the latest rift stands out — and the consequences for the news industry are stark. Many news companies have struggled to survive after the tech companies threw the industry's business model into upheaval more than a decade ago. One lifeline was the traffic — and, by extension, advertising — that came from sites like Facebook and Twitter. Now that traffic is disappearing. Top news sites got about 11.5% of their web traffic in the United States from social networks in September 2020, according to Similarweb, a data and analytics company. By September this year, it was down to 6.5%...

The sharp decline in referral traffic from social media platforms over the past two years has hit all news publishers, including The New York Times. The Wall Street Journal noticed a decline starting about 18 months ago, according to a recording of a September staff meeting obtained by the Times. "We are at the mercy of social algorithms and tech giants for much of our distribution," Emma Tucker, the Journal's editor-in-chief, told the newsroom in the meeting...

Google cut some members of its news partnership team in September, and this week it laid off as many as 45 workers from its Google News team, the Alphabet Workers Union said. (The Information, a tech news website, reported the Google News layoffs earlier.) "We've made some internal changes to streamline our organization," Jenn Crider, a Google spokesperson, said in a statement... Jaffer Zaidi [Google's vice president of global news partnerships], wrote in an internal memo reviewed by the Times that the team would be adopting more artificial intelligence. "We had to make some difficult decisions to better position our team for what lies ahead," he wrote...

Privately, a number of publishers have discussed what a post-Google traffic future may look like and how to better prepare if Google's AI products become more popular and further bury links to news publications.

Earth

Long-Dormant Viruses Are Now Waking Up After 50,000 Years as Planet Warms (yahoo.com) 171

This week Bloomberg explored so-called "zombie viruses" — that is, long-dormant microbes which they call "yet another risk that climate change poses to public health" as ground that's been frozen for "milleniums" suddenly starts thawing — for example, in the Arctic, which they write is warming "faster than any other area on earth." With the planet already 1.2C warmer than pre-industrial times, scientists are predicting the Arctic could be ice-free in summers by 2030s. Concerns that the hotter climate will release trapped greenhouse gases like methane into the atmosphere as the region's permafrost melts have been well-documented, but dormant pathogens are a lesser explored danger. Last year, virologist Jean-Michel Claverie's team published research showing they'd extracted multiple ancient viruses from the Siberian permafrost, all of which remained infectious...

Ways in which this could present a threat are still emerging. A heat wave in Siberia in the summer of 2016 activated anthrax spores, leading to dozens of infections, killing a child and thousands of reindeer. In July this year, a separate team of scientists published findings showing that even multicellular organisms could survive permafrost conditions in an inactive metabolic state, called cryptobiosis. They successfully reanimated a 46,000-year-old roundworm from the Siberian permafrost, just by re-hydrating it...

Claverie first showed "live" viruses could be extracted from the Siberian permafrost and successfully revived in 2014. For safety reasons his research focused only on viruses capable of infecting amoebas, which are far enough removed from the human species to avoid any risk of inadvertent contamination. But he felt the scale of the public health threat the findings indicated had been under-appreciated or mistakenly considered a rarity. So, in 2019, his team proceeded to isolate 13 new viruses, including one frozen under a lake more than 48,500 years ago, from seven different ancient Siberian permafrost samples — evidence to their ubiquity. Publishing the findings in a 2022 study, he emphasized that a viral infection from an unknown, ancient pathogen in humans, animals or plants could have potentially "disastrous" effects.

"50,000 years back in time takes us to when Neanderthal disappeared from the region," he says. "If Neanderthals died of an unknown viral disease and this virus resurfaces, it could be a danger to us."

Google

Google Tests a News-Filled Homepage 38

Google is still wondering if it should make major changes to its homepage. The last experiment we saw filled the usually stark white page with info cards showing things like the weather and stocks, but this new experiment has a much bigger focus on news. From a report: Instead of a homepage featuring only the Google logo, a search box, and a few buttons, this latest experiment looks a lot more like the "Google Discover" newsfeed you get on the Google mobile app. That means rows of news articles that Google has algorithmically detected will interest you, often with wild month-to-month quality swings in the sites it promotes. To the right of the newsfeed is a stack of "at a glance" cards featuring sports scores, stocks, and the weather. The change makes Google look a lot busier -- and a lot more like Bing and Yahoo.
Google

Google Made Billions With Secret Change to Ad-Auction Algorithm, Witness Testifies (yahoo.com) 46

An economist testified that Google made billions of dollars in extra ad revenue starting in 2017 — by making a secret change to its auction algorithm that bumped their revenues up 15%. Bloomberg reports: Michael Whinston, a professor of economics at the Massachusetts Institute of Technology, said Friday that Google modified the way it sold text ads via "Project Momiji" — named for the wooden Japanese dolls that have a hidden space for friends to exchange secret messages. The shift sought "to raise the prices against the highest bidder," Whinston told Judge Amit Mehta in federal court in Washington.

Google's advertising auctions require the winner to pay only a penny more than the runner-up. In 2016, the company discovered that the runner-up had often bid only 80% of the winner's offer. To help eliminate that 20% between the runner-up and what the winner was willing to pay, Google gave the second-place bidder a built-in handicap to make their offer more competitive, Whinston said, citing internal emails and sealed testimony by Google finance executive Jerry Dischler earlier in the case...

About two-thirds, more than 60%, of Google's total revenue comes from search ads, Dischler said previously, amounting to more than $100 billion in 2020.

In 2021 Google was also accused of running "a secret program to track bids on its ad-buying platform," according to the New York Post (citing reporting by the Wall Street Journal). A Texas-led antitrust suit accused Google "of using the information to gain an unfair market advantage that raked in hundreds of millions of dollars annually, according to a report."

And the Post's article also mentioned "an alleged hush-hush deal in which Google allegedly guaranteed that Facebook would win a fixed percentage of advertising deals."
Google

Google Mandates Unsubscribe Button in Emails For Those Sending Over 5,000 Daily Messages (cnbc.com) 91

Google plans to make it harder for spammers to send messages to Gmail users. From a report: The company said it will require emailers who send more than 5,000 messages per day to Gmail users to offer a one-click unsubscribe button in their messages. It will also require them to authenticate their email address, configuring their systems so they prove they own their domain name and aren't spoofing IP addresses. Alphabet-owned Google says it may not deliver messages from senders whose emails are frequently marked as spam and fall under a "clear spam rate threshold" of 0.3% of messages sent, as measured by Google's Postmaster Tools.

Google says it has signed up Yahoo to make the same changes, and they'll come into effect in February 2024. The moves highlight the ongoing fight between big tech companies and spammers who use open systems such as email to send fraudulent messages and annoy users. For years, machine learning techniques have been used to fight spam, but it remains a back-and-forth battle as spammers discover new techniques to get past filters.

IT

Millions of Digital Nomads are Traveling the World -- and Sometimes Working at Night (yahoo.com) 68

"Almost 17 million U.S. employees describe themselves as digital nomads," reports Bloomberg, "more than double the pre-pandemic number, according to MBO Partners, a firm that connects companies with freelance talent."

Bloomberg says one worker sees their lifestyle as less of a vacation and "more about forming a genuine connection with a place and the people who live there." [T]he abrupt shift to remote work during the pandemic pulled what was long an idle fantasy for many into the realm of the possible... The trend of longer work-leisure trips has accelerated as pent-up demand for international travel has boomed after years of restrictions. That's giving some digital nomads a bad reputation for driving up prices and trampling local culture in popular vacation destinations, but it hasn't slowed them down. Dozens of countries are marketing a new class of visas to these professionals to compete for tourism dollars. And despite many highly publicised return-to-office announcements in recent months, some degree of remote work remains a fixture at most companies.
"You hear stories all the time like, 'I went skydiving before I started my workday,'" one digital nomad told Bloomberg. They're participating in Remote Year, which Bloomberg describes as "a program that functions like a kind of study abroad trip for working adults."

But here's the catch. Because they're working in distant timezones, many far-flung remote workers "work a split shift, logging on for a few hours in the evening through midnight, before taking a few hours to sleep and then waking up to log back on for another round." Tue Le, chief executive officer of Remote Year, estimates that somewhere around 15% of program participants traveling in Asia keep strict U.S. hours by staying up overnight. Roughly another third work flexible hours with a mix of evenings or early mornings to collaborate with coworkers back home.
While it may be challenging, one digital nomad took naps as needed — offering this advice. "Don't let people nap-shame you."
Crime

FBI Indicts Goldman Sachs Analyst Who Tried Using Xbox Chat for Insider Trading (kotaku.com) 38

Kotaku reports: A newly unsealed FBI indictment accuses a former analyst at Goldman Sachs of insider trading, including allegedly using an Xbox to pass tips onto his close friends. The friend group earned over $400,000 in ill-gotten gains as a result, federal prosecutors claim. "There's no tracing [Xbox 360 chat]," the analyst allegedly told his friend who was worried they might be discovered.

He appears to have made a grave miscalculation.

The FBI arrested Anthony Viggiano and alleged co-conspirator Christopher Salamone, charging them with securities fraud on September 28. Viggiano is accused of using his previous position at Goldman Sachs to share trading tips with Salamone and others. Salamone has already pleaded guilty. Bloomberg reports that this is the fifth incident in recent years of a person associated with the investment bank allegedly using their position to do crimes...

Probably best to keep the crime talk on Xbox to a minimum either way, especially now that Microsoft is using AI to monitor communications for illicit and toxic activities.

In a statement an FBI official said "This indictment is yet another example of individuals believing they can get away with benefiting from trading on material non-public information.
Earth

Mosquitoes Are a Growing Public Health Threat, Reversing Years of Progress (yahoo.com) 89

The New York Times reports that a "squadron of young scientists and an army of volunteers" are "waging an all-out war on a creature that threatens the health of more people than any other on earth: the mosquito." They are testing new insecticides and ingenious new ways to deliver them. They are peering in windows at night, watching for the mosquitoes that home in on sleeping people. They are collecting blood — from babies, from moto-taxi drivers, from goat herders and from their goats — to track the parasites the mosquitoes carry. But Eric Ochomo, the entomologist leading this effort on the front lines of global public health, stood recently in the swampy grass, laptop in hand, and acknowledged a grim reality: "It seems as though the mosquitoes are winning."

Less than a decade ago, it was the humans who appeared to have gained the clear edge in the fight — more than a century old — against the mosquito. But over the past few years, that progress has not only stalled, it has reversed. The insecticides used since the 1970s, to spray in houses and on bed nets to protect sleeping children, have become far less effective; mosquitoes have evolved to survive them. After declining to a historic low in 2015, malaria cases and deaths are rising... This past summer, the United States saw its first locally transmitted cases of malaria in 20 years, with nine cases reported, in Texas, Florida and Maryland. "The situation has become challenging in new ways in places that have historically had these mosquitoes, and also at the same time other places are going to face new threats because of climate and environmental factors," Ochomo said...

Malaria has killed more people than any other disease over the course of human history. Until this century, the battle against the parasite was badly one-sided. Then, between 2000 and 2015, malaria cases dropped by one-third worldwide, and mortality decreased by nearly half, because of widespread use of insecticides inside homes, insecticide-coated bed nets and better treatments. Clinical trials showed promise for malaria vaccines that might protect the children who make up the bulk of malaria deaths. That success lured new investment and talk of wiping the disease out altogether.

But malaria deaths, which fell to a historic low of about 575,000 in 2019, rose significantly over the next two years and stood at 620,000 in 2021, the last year for which there is global data.

Thanks to antdude (Slashdot reader #79,039) for sharing the article.
Television

Hollywood Studios and Writers Guild Reach Tentative Deal to End Writer's Strike (yahoo.com) 154

"After several long consecutive days of negotiations, the Writers Guild of America and the labor group representing studios and streamers have reached a tentative deal on a new contract," according to the Hollywood Reporter.

"We can say, with great pride, that this deal is exceptional," the Guild's negotiating committee told its members in an email, "with meaningful gains and protections for writers in every sector of the membership." The Hollywood Reporter calls the news "a major development that could precipitate the end of a historic, 146-day writers' strike."

Details from the Los Angeles Times: The proposed three-year contract, which would still have to be ratified by the union's 11,500 members, would boost pay rates and residual payments for streaming shows and impose new rules surrounding the use of artificial intelligence...

With the tentative pact with the WGA done, entertainment company leaders are expected to turn their attention to the 160,000-member performers union, SAG-AFTRA, to accelerate those stalled talks in an effort to get the industry back to work. Actors have been on strike since mid-July...

The writers' strike was, in many ways, a response to the tectonic changes wrought by streaming. Shorter seasons for streaming shows and fewer writers being hired have cut into guild members' pay and job stability, making it harder to earn a sustainable living in the expensive media hubs of Los Angeles and New York, guild members have said.

The studios came into negotiations with their own set of challenges. The pay-TV business is in decline because of cable cord-cutting and falling TV ratings, which have eroded vital sources of revenue. At the same time, the traditional companies have spent massively to launch robust streaming services to compete with Netflix, losing billions of dollars in the process.

Earth

California Startup Hopes to Harvest Desalinated Drinking Water from the Ocean Floor (yahoo.com) 135

A startup named OceanWell has partnered with southern California's Las Virgenes Municipal Water District "to study the feasibility of harvesting drinking water from desalination pods placed on the ocean floor," reports the Los Angeles Times: The company says that by combining desalination with off-shore energy technology, it can solve many of the challenges associated with traditional, land-based desalination, including high energy costs and salty byproducts that threaten marine life. The process could produce as much as 10 million gallons of fresh water per day — a significant gain for an inland district almost entirely reliant on imported supplies...

OceanWell says its technology can use up to 40% less energy by harvesting the water in pods placed at depths of about 1,400 feet, where naturally immense water pressure can help power the filtration process... Land-based facilities try to squeeze out as much freshwater as possible to help balance high energy costs, with typical targets of 50% freshwater and 50% brine from every gallon processed. But because OceanWell uses "free" pressure from the ocean, it can operate at a lower recovery rate of 10% to 15%, producing a much less salty byproduct that can be dissolved back into ambient conditions within seconds, she said...

The partnership with Las Virgenes will allow OceanWell to "stress test" the technology's capabilities in the reservoir and collect more data, said Kalyn Simon, OceanWell's director of engagement. The current goal is to be fully operational by 2028, producing an estimated 10 million gallons of freshwater per day.

Thanks to Slashdot reader Bruce66423 for sharing the article.
IT

Return to the Office? These Workers Quit Instead (yahoo.com) 159

"As more companies enforce their office mandates, some workers are choosing to quit instead of complying and returning to the office," reports the Washington Post. Workers say their reasons for quitting include everything from family to commuting expenses to being required to relocate. And many workers worry that people like those with disabilities or who are primary caregivers may be left behind due to their inability to successfully work from the office... Workers are pushing back, penning letters to executives, staging walkouts and quitting despite the tight labor market. "I'm not surprised at all," Prithwiraj Choudhury, a Harvard Business School professor who studies the future of work, said about workers quitting. "By mandating these rigid policies, you're risking your top performers and diversity. It just doesn't make economic sense."

Choudhury said companies should provide overall guidance that allows each to determine how they best work after analysis and feedback from workers. That's especially important for women, whom Choudhury said are resigning in large numbers — a notion multiple surveys support... For some workers who moved or were hired remotely during the pandemic, commuting is a nearly impossible task, they say.

In a related note, Grindr tells the Post they're still requiring two-days-per-week in the office starting in October. Grindr they're looking forward to "further improving productivity and collaboration."
Security

Hackers Claim It Only Took a 10-Minute Phone Call To Shut Down MGM Resorts (engadget.com) 51

An anonymous reader quotes a report from Engadget: The ALPHV/BlackCat ransomware group claimed responsibility for the MGM Resorts cyber outage on Tuesday, according to a post by malware archive vx-underground. The group claims to have used common social engineering tactics, or gaining trust from employees to get inside information, to try and get a ransom out of MGM Resorts, but the company reportedly refuses to pay. The conversation that granted initial access took just 10 minutes, according to the group.

"All ALPHV ransomware group did to compromise MGM Resorts was hop on LinkedIn, find an employee, then call the Help Desk," the organization wrote in a post on X. Those details came from ALPHV, but have not been independently confirmed by security researchers. The international resort chain started experiencing outages earlier this week, as customers noticed slot machines at casinos owned by MGM Resorts shut down on the Las Vegas strip. As of Wednesday morning, MGM Resorts still shows signs that it's experiencing downtime, like continued website disruptions.
In a statement on Tuesday, MGM Resorts said: "Our resorts, including dining, entertainment and gaming are currently operational." However, the company said Wednesday that the cyber incident has significantly disrupted properties across the United States and represents a material risk to the company.

"[T]he major credit rating agency Moody's warned that the cyberattack could negatively affect MGM's credit rating, saying the attack highlighted 'key risks' within the company," reports CNBC. "The company's corporate email, restaurant reservation and hotel booking systems remain offline as a result of the attack, as do digital room keys. MGM on Wednesday filed a 8-K report with the Securities and Exchange Commission noting that on Tuesday the company issued a press release 'regarding a cybersecurity issue involving the Company.'" MGM's share price has declined more than 6% since Monday.
Security

How a Breached Microsoft Engineer Account Compromised the Email Accounts of US Officials (yahoo.com) 38

An anonymous reader shared this report from Bloomberg: China-linked hackers breached the corporate account of a Microsoft engineer and are suspected of using that access to steal a valuable key that enabled the hack of senior U.S. officials' email accounts, the company said in a blog post. The hackers used the key to forge authentication tokens to access email accounts on Microsoft's cloud servers, including those belonging to Commerce Secretary Gina Raimondo, Representative Don Bacon and State Department officials earlier this year.

The U.S. Cybersecurity and Infrastructure Security Agency and Microsoft disclosed the breach in June, but it was still unclear at the time exactly how hackers were able to steal the key that allowed them to access the email accounts. Microsoft said the key had been improperly stored within a "crash dump," which is data stored after a computer or application unexpectedly crashes...

The incident has brought fresh scrutiny to Microsoft's cybersecurity practices.

Microsoft's blog post says they corrected two conditions which allowed this to occur. First, "a race condition allowed the key to be present in the crash dump," and second, "the key material's presence in the crash dump was not detected by our systems." We found that this crash dump, believed at the time not to contain key material, was subsequently moved from the isolated production network into our debugging environment on the internet connected corporate network. This is consistent with our standard debugging processes. Our credential scanning methods did not detect its presence (this issue has been corrected).

After April 2021, when the key was leaked to the corporate environment in the crash dump, the Storm-0558 actor was able to successfully compromise a Microsoft engineer's corporate account. This account had access to the debugging environment containing the crash dump which incorrectly contained the key. Due to log retention policies, we don't have logs with specific evidence of this exfiltration by this actor, but this was the most probable mechanism by which the actor acquired the key.

Bitcoin

Whatever Happened to El Salvador's Bitcoin Experiment? Two Years Later... (yahoo.com) 62

Agence France-Presse reports that "Two years ago, El Salvador shrugged off a chorus of warnings and adopted Bitcoin as legal tender in a bid to revitalize its economy and improve access to financial services.

"It has not worked... Economist Cesar Villalona told AFP that Bitcoin 'does not exist in the local economy' in any significant way, because in El Salvador 'everything' is paid in dollars: wages, services and goods." Bitcoin has lost more than half its value since then and though President Nayib Bukele is wildly popular for his clampdown on criminal gangs, his currency gamble has not gone down equally well... [T]wo years after El Salvador became the first country in the world to adopt Bitcoin as its currency, alongside the U.S. dollar, "the goals that were pursued... have not been achieved, people hardly use it, they don't have much trust" in crypto, economist and former Reserve Bank governor Carlos Acevedo told AFP. "The experiment has not worked, it is a crypto winter," he said.

There are no figures available on how many Salvadorans have taken up Bitcoin. But a poll conducted in May by the Central American University found that 71 percent believed the cryptocurrency "has in no way helped to improve their family economic situation."

On the streets of San Salvador, the verdict is harsh. "I don't see that money working, it's just propaganda. Where's the benefit? There's no benefit. It's a bad investment," newspaper vendor Juan Antonio Salgado, 65, told AFP. "It's robbery," he added, in reference to the currency's volatility.

Even a video report from Al Jazeera opens by asking "So has the experiment succeeded? The general verdict — not yet, at least."

They report that even though one fifth of El Salvador's GDP comes from remittances, less than 2% of its remittances went through crypto currency and digital wallets so far this year. Building has yet to begin on "Bitcoin City" — and the country has yet to actually issue the "Volcano Bonds" that would fund its creation.

And meanwhile, the government's bitcoin purchases have now lost an estimated $45.4 million.
Space

How a Billion-Dollar Satellite Risks Upending the Space Insurance Industry (yahoo.com) 86

"Viasat Inc. has more than $1 billion of orbiting satellites in trouble," reports Bloomberg, "and space insurers are girding for market-rattling claims." The company's roughly $1 billion ViaSat-3 Americas satellite, central to expanding its fixed-broadband coverage and fending off rivals including Elon Musk's Starlink, suffered an unexpected problem as it deployed its antenna in orbit in April. Should Viasat declare it a total loss, industry executives estimate the claim would reach a record-breaking $420 million and, in turn, make it harder — and more expensive — for other satellite operators to get insurance... Viasat on Aug. 24 reported another stricken spacecraft, saying its Inmarsat-6 F2 satellite launched in February suffered a power problem. The failure may end the craft's useful life and result in a $350 million insurance claim, Space Intel Report said.

Viasat's troubles in orbit come a few years after big-name insurers like American International Group Inc. and Allianz SE have shuttered their space portfolios. That's left a smaller pool of providers to absorb the risks in the notoriously high-stakes $553 million market...

Following news of the Inmarsat-6 anomaly, Viasat and other industry participants "will likely experience significant challenges with obtaining insurance for future satellite launches," [investment banking firm] William Blair's Louie DiPalma said in an Aug. 25 note... In 2019, the total losses from satellite claims amounted to $788 million, which overwhelmed the total premiums for the year at $500 million, according to launch and satellite database Seradata. In the years that followed, big names like American International Group Inc., Swiss Re AG, and Allianz SE all closed the door on satellite insurance.

Earlier this month Viasat's CEO says before deciding whether they'll file a claim, "There's no consequences to us taking another couple or three months to get good measurements and then making those decisions."
Microsoft

Leaked Microsoft Memo Tells Managers Not To Use Budget Cuts as Explainer for Lack of Pay Rises (yahoo.com) 73

An anonymous reader shares a report: Microsoft employees were already expecting lackluster pay rises. In a company-wide email sent earlier this year, the tech company's CEO Satya Nadella warned staff of salary freezes and cuts to the bonusbudget. But despite previous transparency around the cost-cutting measures, employees enquiring about how the budget cuts have impacted their performance review will now be fobbed off. According to leaked guidance, managers are being ordered to dodge such questions in the name of company culture. "It's natural for employees to ask questions about budget given the decisions shared in Satya's email," the guidance reportedly states. "However, it's most important to focus discussions with direct reports on their impact for the past fiscal year and directly tie it to their rewards."

Managers should not use the budget cuts as an "explanation" for compensation decisions for individual employees and instead should emphasize that the employee's own "impact" determines "rewards." "Using budgets or factors besides the employee's impact as an explanation for an employee's rewards will erode trust and confidence within your team," the guide cautions. "Reinforce that every year offers unique opportunity for impact, and we increase our high expectations, regardless of our budget."

Transportation

Airline Close Calls Happen Far More Often in the US Than Previously Known (yahoo.com) 36

The New York Times explores harrowing stories about recent airplane near-miss "close calls" on U.S. runways: The incidents — highlighted in preliminary F.A.A. safety reports but not publicly disclosed — were among a flurry of at least 46 close calls involving commercial airlines last month alone... While there have been no major U.S. plane crashes in more than a decade, potentially dangerous incidents are occurring far more frequently than almost anyone realizes — a sign of what many insiders describe as a safety net under mounting stress. So far this year, close calls involving commercial airlines have been happening, on average, multiple times a week, according to a Times analysis of internal F.A.A. records, as well as thousands of pages of federal safety reports and interviews with more than 50 current and former pilots, air traffic controllers and federal officials.

The incidents often occur at or near airports and are the result of human error, the agency's internal records show... The close calls have involved all major U.S. airlines and have happened nationwide... In addition to the F.A.A. records, The Times analyzed a database maintained by NASA that contains confidential safety reports filed by pilots, air traffic controllers and others in aviation. The analysis identified a similar phenomenon: In the most recent 12-month period for which data was available, there were about 300 accounts of near collisions involving commercial airlines... One problem is that despite repeated recommendations from safety authorities, the vast majority of U.S. airports have not installed warning systems to help prevent collisions on runways.

But the most acute challenge, The Times found, is that the nation's air traffic control facilities are chronically understaffed. While the lack of controllers is no secret — the Biden administration is seeking funding to hire and train more — the shortages are more severe and are leading to more dangerous situations than previously known. As of May, only three of the 313 air traffic facilities nationwide had enough controllers to meet targets set by the F.A.A. and the union representing controllers, The Times found. Many controllers are required to work six-day weeks and a schedule so fatiguing that multiple federal agencies have warned that it can impede controllers' abilities to do their jobs properly.

Australia

Australia's ISPs Will Stop Offering Free Email Addresses, to the Disgust of Older Customers (theguardian.com) 69

Remember when your email address came from your ISP?

Now the cost for small companies to offer email service "has gone up in server and administration costs," reports the Guardian, "without the economies of scale." But in Australia, this has created a problem for people like the Canberra-based customer of iiNet who's had the same email address since the 1990s... TPG — which owns brands that have historically offered email including iiNet all the way back to OzEmail — informed customers in July that it would migrate their email to a separate private service, the Messaging Company, by the end of November. Users will keep their exisiting email addresses on this service, and would get it free for the first year. After that, there will be options of paying for a service, or an ad-based free service after that. The amount to be charged from next year has not yet been decided.

The announcement was met with outrage among users of the long-running web forum Whirlpool. "It's a shitty move. My wife has never set up a Gmail or Yahoo and only ever used her iiNet email address for her business as well as personal. This screws us royally," one user said.

"Us oldies couldn't start out using Gmail etc because they weren't in existence 25 years ago," another said.

"It's a nightmare trying to change logins at many places...."

The other factor is the increasing security risk. Legacy systems, particularly those managed under a variety of absorbed companies, as with TPG, can over time become more at risk of a cybersecurity attack or breach. External providers who offer this service either in place of, or on behalf of the internet service provider are becoming seen as the more secure option....

The Australian Communications Consumer Action Network chief executive, Andrew Williams, says that ultimately internet providers getting out of the email game is a good thing because it means customers don't feel locked into one internet company...

With the rise in data breaches, and the avalanche of spam and scams, the shift offers people the opportunity of a clean email slate, according to Andrew Williams, of the Australian Communications Consumer Action Network.

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