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Idiosyncratic use of punctuation - which of these annoys you the most?

  • Declarations and assignments that end with }; (C, C++, Javascript, etc.)
  • (Parenthesis (pile-ups (at (the (end (of (Lisp (code))))))))
  • Syntactically-significant whitespace (Python, Ruby, Haskell...)
  • Perl sigils: @array, $array[index], %hash, $hash{key}
  • Unnecessary sigils, like $variable in PHP
  • macro!() in Rust
  • Do you have any idea how much I spent on this Space Cadet keyboard, you insensitive clod?!
  • Something even worse...

[ Results | Polls ]
Comments:56 | Votes:103

posted by janrinok on Sunday November 05 2023, @10:32PM   Printer-friendly

The companies still have to settle on Hulu's worth:

The Walt Disney Company, which currently owns two-thirds of Hulu, is buying the remaining third from Comcast's NBCUniversal to "further [its] streaming objectives."

Disney's announcement Wednesday said it's expecting to pay "approximately" $8.61 billion for the remaining 33 percent stake in Hulu. That figure is based on a 2019 valuation of Hulu, pegging the streaming service's value at $27.5 billion.

But Disney noted that it may pay more than $8.61 billion, pending an appraisal. Disney said it's unsure how long the appraisal process will take but expects to complete the deal in 2024.

Disney has owned two-thirds of Hulu since it bought 21st Century Fox in 2019 for $71 billion. Comcast also made a bid for the business.

That same year, Comcast and Disney entered an agreement that enabled either party to force the sale of Comcast's piece of Hulu, starting in January 2024. But the companies announced on September 6 that they were moving up that timeline, so this week's news was expected.

When the companies announced moving up the sales process, Brian Roberts, Comcast CEO, noted that the appraisal procedure would "take a little time ... to play out."

Disney sounds prepared to pay nearly $9 billion for Hulu, if not more, but there's reasonable debate over how much the streaming service is worth. Hulu's minimum valuation was set in 2019 when the streaming landscape looked very different.

Of course, Comcast only thinks Hulu has gained value.

"[$27.5 billion] was just a hypothetical that we picked five years ago because Disney had control of the company. The company is way more valuable today than it was then," Comcast CEO Brian Roberts said in September, as per Deadline.

In September, Steven Cahall, a Wells Fargo analyst, valued Hulu at $30 billion, via a research note, Bloomberg reported.

But the streaming industry's challenges can't be overlooked. Streaming services are struggling with a lack of growth and growing competition, turning to practices like password crackdowns, ad-tiers, and price hikes to drive revenue.

Disney has said Hulu has been profitable some quarters, but anonymous "industry executives" cited in an April report from The Information said they thought Hulu was worth less than its 2019 valuation.

The April report also cited "three people with knowledge of the matter," who claimed that "accounting rules allow entertainment companies to report content costs on their profit statements over a period of years, which is why a service can report a profit even if it is burning cash. And as of last year, Hulu's content, technology, and personnel costs outweighed the revenue it generates," The Information said.

As of July 1, Hulu was said to have 48.3 million subscribers. In May, Disney+ said it had 146.1 million subscribers, but that was after it lost 11.7 million subscribers in Q2 2023. That same quarter, Disney's streaming service losses were $512 million.

As it stands, though, Disney appears to be committed to the minimum price set in 2019.


Original Submission

posted by janrinok on Sunday November 05 2023, @05:44PM   Printer-friendly
from the modern-birth-control-methods dept.

High mobile phone use may impact sperm count, study says

Male sperm count has fallen by more than 50% globally in the last 50 years, leaving researchers scrambling to understand why. Could it be pollution, PFAS and other potential toxins in our food and water, an increase in obesity and chronic disease, or even the ever-present mobile phone?

A new study explored the role of cell phones and found men between the ages of 18 and 22 who said they used their phones more than 20 times a day had a 21% higher risk for a low overall sperm count. The men also had a 30% higher risk for a low sperm concentration, a less important measure of sperm count in a milliliter of semen. The study did not specify whether the men called or texted or used their phones to do both.

[...] "I am intrigued by the observation that the biggest effect was apparently seen with older 2G and 3G phones compared to modern 4G and 5G versions. This is not something I am able to explain," said Allan Pacey, deputy vice president and deputy dean of the faculty of biology, medicine and health at the University of Manchester in the United Kingdom, in a statement. He was not involved in the study.

[...] Results showed that men who used their phones one to five times a day or less than once a week had much higher sperm counts and concentration. As cell phone usage climbed, sperm count dropped, with the lowest levels among men using their phone 20 or more times a day.

Tin foil underwear is an excellent and high fashion accessory to go with tin foil hats.

See Also:


Original Submission

posted by janrinok on Sunday November 05 2023, @04:09PM   Printer-friendly

Our certificates expire in a few hours time and there is nobody available to update them. You may see warnings in your browser. Please accept our apology.

UPDATE: We think that we have succesfully renewed the certificates - but if anyone encounters anything unusual please let us know either here or on IRC.

posted by janrinok on Sunday November 05 2023, @01:04PM   Printer-friendly

Wrong deductions "withheld hard-earned pay from drivers," NY AG says:

Uber and Lyft have agreed to pay $328 million after "cheating drivers out of hundreds of millions of dollars," New York Attorney General Letitia James' office said today. "Uber will pay $290 million and Lyft will pay $38 million into two separate settlement funds which will be entirely distributed to current and former drivers," the AG's office said.

The ride-hailing companies also agreed to provide sick leave and better pay to drivers going forward. "The settlements resolve multi-year investigations into Uber and Lyft, which found that the companies' policies withheld hard-earned pay from drivers and prevented them from receiving valuable benefits available under New York labor laws," the announcement said, calling it the largest back-pay settlement in the NY AG office's history.

The AG's office estimates that over 100,000 drivers, most of whom are immigrants, will be eligible for payments. Notices will be sent to people who are eligible for payments, and links to claims forms are available here.

The AG's announcement has quotes from several New York Taxi Workers Alliance members, including Malang Gassama, a former driver for Uber and Lyft. "I've calculated that Uber and Lyft took at least $25,000 from my pay that they shouldn't have in the form of sales tax and the Black Car Fund surcharge," Gassama is quoted as saying.

The Uber settlement fund is for people who "drove for Uber between November 10, 2014, and May 22, 2017, and had deductions taken for New York sales tax and Black Car Fund fees." The Lyft fund is for people who drove for Lyft between October 11, 2015, and July 31, 2017, and had the same kinds of deductions.

James' office described the companies' violations as follows:

From 2014 to 2017, Uber deducted sales taxes and Black Car Fund fees from drivers' payments when those taxes and fees should have been paid by passengers. Uber misrepresented the deductions made to drivers' pay in their terms of service, telling drivers that Uber would only deduct its commission from the drivers' fare, and that drivers were "entitled to charge [the passenger] for any tolls, taxes or fees incurred," though no method to do this was ever provided via the Uber Driver app. Lyft employed a similar method to shortchange drivers from 2015 to 2017, deducting a 11.4 percent "administrative charge" from drivers' payments in New York equal to the amount of sales tax and Black Car Fund fees that should have been paid by riders. Uber and Lyft also failed to provide drivers with paid sick leave available to employees under New York City and New York state law.

Going forward, Uber and Lyft drivers in New York State will get paid sick leave. The companies must also provide hiring notices that "accurately explain the earnings to which drivers are entitled for their work" and earnings statements that "accurately detail the compensation earned for each pay period," the announcement said.

Uber and Lyft must "notify drivers after each ride of the amount paid by the rider," provide the right to "appeal all deactivations from the Uber and Lyft platforms," and offer in-app chat support in multiple languages.

In parts of the state outside New York City, drivers will receive at least $26 per hour, adjusted annually for inflation. Drivers in New York City will continue to receive minimum per-trip pay under rules set by the city's Taxi & Limousine Commission.

[...] "New York is the first state in the country with which Uber has agreed to a settlement that addresses both past and future unemployment insurance liability," Gov. Kathy Hochul's office said.

Lyft said the settlement "prioritizes the benefits drivers want without sacrificing the independence and flexibility they need." It "builds on the benefits and protections that drivers already enjoy through the state's Black Car Fund, which provides accident disability and workers' compensation, dental and vision coverage, telemedicine services, and more," Lyft said.


Original Submission

posted by hubie on Sunday November 05 2023, @08:19AM   Printer-friendly
from the weird-science dept.

Wild Experiment Reveals What Would Happen if You Touched a Quantum Superfluid

[....] Physicists dunked a special, finger-sized probe into an isotope of helium cooled to just a smidge over absolute zero, and recorded the physical properties therein.

It is, they say, the first time we have gleaned an inkling of what the quantum Universe might feel like. And no one had to get horrific frostbite, or ruin an experiment, to find out for real.

[....] Superfluids are a state of matter that behave like a fluid with zero viscosity or friction. There are two isotopes of helium that can create a superfluid. When cooled to just above absolute zero (−273.15 degrees Celsius or −459.67 degrees Fahrenheit), bosons of the helium-4 isotope slow down enough to overlap into a high-density cluster of atoms that behave like one super-atom.

[... youtube video embedded in article ...]

Helium-3 is a little different. Its nuclei are fermions, a class of particles that spin differently from bosons. When cooled below a certain temperature, fermions become bound together in what are called Cooper pairs, each made up of two fermions that together form a composite boson. These Cooper pairs behave exactly like bosons, and can thus form a superfluid.

Autti and his team have been experimenting with helium-3 fermionic superfluid for some time, and discovered that, although Cooper pairs are quite fragile, researchers can stick a wire inside without breaking the pairs, or even disrupting the superfluid's flow. So the team decided to design a probe to study the properties of the fluid up close and personal.

And, well, it's kind of really weird. The surface of the fluid seems to form an independent two-dimensional layer that transports heat away from the rod. The bulk of the superfluid underneath it acts almost like a vacuum; it's entirely passive and doesn't feel like anything at all, the researchers found.

The only part of the fluid that interacted with the probe was that two-dimensional surface layer. The bulk only becomes accessible if a huge burst of energy is imparted into it. The thermomechanical properties of the superfluid are entirely defined by that two-dimensional layer.

"This liquid would feel two-dimensional if you could stick your finger into it. The bulk of the superfluid feels empty, while heat flows in a two-dimensional subsystem along the edges of the bulk – in other words, along your finger," Autti says.

[....] The research is due to appear in Nature Communications, and is available on arXiv.

The embedded video is interesting.


Original Submission

posted by hubie on Sunday November 05 2023, @03:29AM   Printer-friendly
from the all-the-news-that's-fit-to-print dept.

The company pumps out trash-tier AI content, then waits until it's called out publicly to quietly delete it and move onto the next trainwreck:

We've known that Microsoft's MSN news portal has been pumping out a garbled, AI-generated firehose for well over a year now.

The company has been using the website to distribute misleading and oftentimes incomprehensible garbage to hundreds of millions of readers per month.

As CNN now reports, that's likely in large part due to MSN's decision to lay off most of the human editors at MSN over the years. In the wake of that culling, the company has redirected its efforts toward AI, culminating in a $10 billion stake in ChatGPT maker OpenAI earlier this year.

And if MSN presents a vision of how the tech industry's obsession with AI is going to play out in the information ecosystem, we're in for a rough ride.

Beyond republishing stories by small, unknown publishers — like the one that infamously called former NBA player Brandon Hunter, who passed away unexpectedly at the age of 42 in September, "useless" in its headline — Microsoft using a variety of tactics to shoehorn AI into its MSN.

Sometimes it's even generating AI content itself, like when it published and then deleted a bizarre travel guide to Ottawa, Canada that recommended visiting a food bank "on an empty stomach."

"This article has been removed and we are investigating how it made it through our review process," Microsoft's senior director of communications said in the wake of the embarrassment.

Most recently, the tech giant landed in hot water for running a disgusting AI-generated poll next to a syndicated article by The Guardian about a woman who'd been found dead in Australia.

The tasteless poll questioned whether readers thought the woman had died by suicide, murder, or accident, noting in a disclaimer that the poll was part of Microsoft's "insights from AI."

The Guardian accused Microsoft of "damaging its journalistic reputation" by publishing the poll. In response, a Microsoft spokesperson said that the company has deactivated its poll feature and is "investigating the cause of the inappropriate content."

MSN has also published other junk content, including bogus stories about fishermen catching mermaids and Bigfoot spottings in the wake of ditching its human editors in favor of automation.

Noticing a pattern yet? The company pumps out trash-tier AI content, then waits until it's called out publicly to quietly delete it and move onto the next trainwreck.

[...] Now that Microsoft has transitioned to a "personalized feed" that is "tailored by an algorithm to the interests of our audiences" back in 2020, as a spokesperson told the broadcaster, a lot of badly researched, and easily disproven content has the potential to be seen by millions of users.

"We are committed to addressing the recent issue of low quality articles contributed to the feed and are working closely with our content partners to identify and address issues to ensure they are meeting our standards," a spokesperson told CNN this week, following the ill-advised poll.

Whether the company's concerns will result in meaningful action, however, remains to be seen. It certainly doesn't bode well for the future of AI in media, an industry already facing considerable economic headwinds.


Original Submission

posted by hubie on Saturday November 04 2023, @10:45PM   Printer-friendly

https://techxplore.com/news/2023-10-evaporate-enable-approaches-desalination.html

Evaporation is happening all around us all the time, from the sweat cooling our bodies to the dew burning off in the morning sun. But science's understanding of this ubiquitous process may have been missing a piece all this time.

In recent years, some researchers have been puzzled upon finding that water in their experiments, which was held in a sponge-like material known as a hydrogel, was evaporating at a higher rate than could be explained by the amount of heat, or thermal energy, that the water was receiving. The excess has been significant—a doubling, or even a tripling or more, of the theoretical maximum rate.

After carrying out a series of new experiments and simulations, and reexamining some of the results from various groups that claimed to have exceeded the thermal limit, a team of researchers at MIT has reached a startling conclusion: Under certain conditions, at the interface where water meets air, light can directly bring about evaporation without the need for heat, and it actually does so even more efficiently than heat. In these experiments, the water was held in a hydrogel material, but the researchers suggest that the phenomenon may occur under other conditions as well.

Journal Reference:
Yaodong Tu, Jiawei Zhou, Shaoting Lin, and Gang Chen, Plausible photomolecular effect leading to water evaporation exceeding the thermal limit, PNAS, 120 (45) e2312751120 https://doi.org/10.1073/pnas.2312751120


Original Submission

posted by hubie on Saturday November 04 2023, @05:59PM   Printer-friendly
from the arachnophobists-beware dept.

https://arstechnica.com/science/2023/10/a-wee-spider-needed-a-safe-place-to-molt-it-chose-a-womans-ear-canal/

While brain worms have made many horrifying headlines this year, the good folks at the New England Journal of Medicine offer some fresh nightmare fuel ahead of Halloween: an ear spider. And there's a video.

In a short clinical report published in this week's issue, doctors in Tainan City, Taiwan, detail the case of a 64-year-old woman who sought care at an otolaryngology (ENT) clinic. She came in complaining of having an incessant ruckus in her left ear for the previous four days. On the first day of symptoms, the woman said she was awoken by a feeling of a wee creature crawling in her ear canal. That feeling was then followed by days of clicking, beating, and rustling noises.
[...]
Video of the creepy crawler shows it darting around the canal, just in front of the eardrum. When it spots the medical probe nearing, the spider comes in for a closer look, facing the camera directly for a perfect view of its eyes.

The medical report doesn't identify the type of spider it is, and it's usually very difficult to identify spiders based on pictures. But Ars reached out to two spider experts who both said the spider is, without a doubt, in the family of jumping spiders (Salticidae). The giveaway is "the family-specific arrangement and size ratio of the eyes," Martin Nyffeler, an emeritus senior lecturer in zoology at the University of Basel, told Ars over email. Specifically, this family of spiders has large median front eyes, which can be seen in the ear spider when it looks directly into the camera.
[...]
The doctors treating the woman reported no damage to her eardrum. They sucked the spider and its exuvia out, and the woman's symptoms "immediately abated," they reported


Original Submission

posted by mrpg on Saturday November 04 2023, @01:16PM   Printer-friendly
from the llehS dept.

48 Malicious npm Packages Found Deploying Reverse Shells on Developer Systems:

A new set of 48 malicious npm packages have been discovered in the npm repository with capabilities to deploy a reverse shell on compromised systems.

"These packages, deceptively named to appear legitimate, contained obfuscated JavaScript designed to initiate a reverse shell on package install," software supply chain security firm Phylum said.

[...] "In this particular case, the attacker published dozens of benign-sounding packages with several layers of obfuscation and deceptive tactics in an attempt to ultimately deploy a reverse shell on any machine that simply installs one of these packages," Phylum said.

The findings arrive close on the heels of revelations that two packages published to the Python Package Index (PyPI) under the garb of simplifying internationalization incorporated malicious code designed to siphon sensitive Telegram Desktop application data and system information.


Original Submission

posted by mrpg on Saturday November 04 2023, @08:48AM   Printer-friendly
from the follow-the-electric-money dept.

A rare window into the early American monetary history — thanks to techniques from physics:

Benjamin Franklin may be best known as the creator of bifocals and the lightning rod, but a group of University of Notre Dame researchers suggest he should also be known for his innovative ways of making (literal) money.

During his career, Franklin printed nearly 2,500,000 money notes for the American Colonies using what the researchers have identified as highly original techniques, as reported in a study published this week in the Proceedings of the National Academy of Sciences.

[...] "Benjamin Franklin saw that the Colonies' financial independence was necessary for their political independence. Most of the silver and gold coins brought to the British American colonies were rapidly drained away to pay for manufactured goods imported from abroad, leaving the Colonies without sufficient monetary supply to expand their economy," Manukyan said.

However, one major problem stood in the way of efforts to print paper money: counterfeiting. When Franklin opened his printing house in 1728, paper money was a relatively new concept. [...]

"To maintain the notes' dependability, Franklin had to stay a step ahead of counterfeiters," said Manukyan. "But the ledger where we know he recorded these printing decisions and methods has been lost to history. Using the techniques of physics, we have been able to restore, in part, some of what that record would have shown."

[...] One of the most distinctive features they found was in Franklin's pigments. Manukyan and his team determined the chemical elements used for each item in Notre Dame's collection of Colonial notes. The counterfeits, they found, have distinctive high quantities of calcium and phosphorus, but these elements are found only in traces in the genuine bills.

[...] Another of Franklin's innovations was in the paper itself. The invention of including tiny fibers in paper pulp — visible as pigmented squiggles within paper money — has often been credited to paper manufacturer Zenas Marshall Crane, who introduced this practice in 1844. But Manukyan and his team found evidence that Franklin was including colored silks in his paper much earlier.

The team also discovered that notes printed by Franklin's network have a distinctive look due to the addition of a translucent material they identified as muscovite. The team determined that Franklin began adding muscovite to his papers and the size of this muscovite crystals in his paper increased over time. The team speculates that Franklin initially began adding muscovite to make the printed notes more durable but continued to add it when it proved to be a helpful deterrent to counterfeiters.

Journal Reference:
Khachatur Manukyan et al., Multiscale analysis of Benjamin Franklin's innovations in American paper money, PNAS, 2023. DOI: https://doi.org/10.1073/pnas.2301856120


Original Submission

posted by mrpg on Saturday November 04 2023, @04:20AM   Printer-friendly
from the I-still-haven't-found-what-I'm-looking-for dept.

Satisfaction with online dating app depends on what you're looking for:

With an estimated 75 million active users each month, Tinder is the most popular dating app in the world. But a new study by Stanford Medicine researchers and collaborators has found, surprisingly - though perhaps not to users of the app - that many users are not swiping for dates.

In a survey of more than a thousand Tinder users, half said they were not interested in meeting offline, and nearly two-thirds were already married or "in a relationship."

In fact, the psychological motivations behind people's use of the app varied widely and had a strong influence on their satisfaction with the app and the dates it led to, according to the study published June 23 in Cyberpsychology, Behavior, and Social Networking. For many people, online dating has a similar appeal as social media - a source of entertainment, distraction and self-esteem - and may have similar pitfalls, said Elias Aboujaoude, MD, clinical professor of psychiatry and behavioral sciences and an author of the study.

[...] "The surprising part is that a big percentage, about half, were not going online to find dates," Aboujaoude said. "It becomes an interesting question as to why someone would spend all this time on a dating app if they're not interested in finding a date."

Besides looking for committed romantic partners or uncommitted sex partners, many people reported using the app for social connectedness, for entertainment and distraction, to increase positive emotions, and to cope with negative ones.

"We call them dating apps, but they're clearly serving other functions besides dating," Aboujaoude said.

[...] The results suggest that online dating is an ineffective coping mechanism for those facing mental health challenges, Aboujaoude said. As someone who has studied problematic internet use for 15 years, he drew parallels to social media use, which can exacerbate conditions like depression, anxiety and low self-esteem.

"You need to work on the unhealthy coping mechanism, but you also need to address what it is that you're trying to cope with," he advised. "If it turns out there's an actual mental health condition, be it depression, ADHD, anxiety or something else, we don't want that to go undiagnosed. There are established treatments that can be very effective for those conditions."

The variable that most strongly predicted higher satisfaction with Tinder-generated offline dates was age. Perhaps older people who did not grow up with dating apps approach them with a healthy level of circumspection and tend to be more selective in their matches, Aboujaoude said.

"I think the average user could probably learn from this finding and be happier with their online dating experience," he said.

Journal Reference:
Germano Vera Cruz et al., Finding Intimacy Online: A Machine Learning Analysis of Predictors of Success, Cyberpsychology, Behavior, and Social Networking VOL. 26, NO. 8 2023. https://doi.org/10.1089/cyber.2022.0367


Original Submission

posted by mrpg on Friday November 03 2023, @11:58PM   Printer-friendly
from the return-to-sender dept.

Cross-selling can help retailers avoid lost revenue from returns:

It's become so darn easy to order stuff thanks to the miracles of online shopping. But it's not so simple on the retailer end, especially when more than 16 per cent of those sales are later sent back. In the U.S., that adds up to a staggering $816 billion in lost revenue.

Cross-selling can help, say a pair of researchers. Their experiments show that once we've chosen to buy something, we tend to consider that money as already spent or gone, also called "loss booking." If we decide we want to return the item, retailers can take advantage of that tendency by giving customers enticing options to spend their refund on something else, instead of getting their money back.

In a nutshell, "it hurts less to spend money refunded from a product return than other money, because you feel like you've already lost it," says researcher Chang-Yuan Lee, an assistant professor of marketing at the University of Toronto's Rotman School of Management.

[...] There's a catch though. The shopper has to psychologically mark the initial spend as lost, something that does not happen when they expect to ask for a refund at the time of purchase. Study participants who bought two pairs of shoes in different sizes, expecting to return the poorer-fitting pair, were not so likely to turn around and immediately apply the refund to something else offered.

[...] While consumers could be discouraged from making returns by being charged extra fees, that leaves a bad taste in their mouth and previous research has shown they may take their business elsewhere.

Do you typically want your money back, or do you find something else to spend it on?

Journal Reference:
Chang-Yuan Lee, Carey K. Morewedge, Mental accounting of product returns [open], Journal of Consumer Psychology, 2003. DOI: https://doi.org/10.1002/jcpy.1354


Original Submission

posted by hubie on Friday November 03 2023, @07:22PM   Printer-friendly

Arm Acquires Minority Stake in Raspberry Pi

Arm Holdings plc today announced that it has made a strategic investment, a minority stake in Raspberry Pi Ltd — the arm of Raspberry Pi responsible for the new Raspberry Pi 5 and past Raspberry Pi products.

[...] "Arm technology has always been central to the platforms we create, and this investment is an important milestone in our longstanding partnership," said Eben Upton, CEO, Raspberry Pi.

[...] Arm's minority stake in Raspberry Pi Ltd also shows a firm commitment to the continuation of Arm CPUs in future Raspberry Pis. With the rise of RISC-V CPUs in devices ranging from $9 to hundreds of dollars it is clear to see that we will not be seeing a RISC-V based Raspberry Pi for the foreseeable future.


Original Submission

posted by janrinok on Friday November 03 2023, @04:00PM   Printer-friendly

Arthur T Knackerbracket has processed the following story:

A NASA astronaut who was removed from the ill-fated Apollo 13 mission but helped bring its crew back home safely thanks to his problem-solving efforts from ground control has died at the age of 87.

Thomas K. "TK" Mattingly passed away on October 31, the space agency said in a statement Thursday.

His most dramatic role came when he was assigned as command module pilot for the Apollo 13 flight but was grounded 72 hours prior to launch due to exposure to rubella, NASA Administrator Bill Nelson said.

After an explosion crippled the spacecraft on its way to the Moon, Mattingly, who did not in fact get sick, went to Mission Control and devised procedures to conserve power so the vehicle could successfully re-enter the atmosphere, ensuring astronauts James Lovell, Jack Swigert, and Fred Haise survived.

[...] Mattingly began his career as a US Navy pilot before being selected to the astronaut class of 1966. He later took on the role of command module pilot on the Apollo 16 mission and was the spacecraft commander in two Space Shuttle missions.


Original Submission

posted by hubie on Friday November 03 2023, @02:35PM   Printer-friendly

Sam Bankman-Fried found guilty in FTX crypto fraud case:

FTX founder Sam Bankman-Fried has been found guilty on all seven counts of fraud, conspiracy and money laundering following more than two weeks of testimony in one of the highest-profile financial crime cases in years.

The 31-year-old former cryptocurrency billionaire was convicted of two counts of wire fraud conspiracy, two counts of wire fraud and one count of conspiracy to commit money laundering, charges that each carry a maximum sentence of 20 years in prison. He was also convicted of conspiracy to commit commodities fraud and conspiracy to commit securities fraud, which each carry a five-year maximum sentence.

"Sam Bankman-Fried perpetrated one of the biggest frauds in American history, a multibillion-dollar scheme designed to make him the king of crypto," Damian Williams, U.S. attorney for the Southern District of New York, said in a news briefing following the verdict. "Here's the thing: the cryptocurrency industry might be new. The players like Sam Bankman-Fried might be new. This kind of fraud, this kind of corruption, is as old as time, and we have no patience for it."

The MIT graduate steadfastly maintained his innocence since his arrest late last year after the startling implosion of FTX, the crypto exchange he co-founded, amid an $8 billion shortfall in funds and allegations he had used customer money to prop up his struggling hedge fund, Alameda Research.

[...] Defense attorneys sought to portray Bankman-Fried as a math nerd who made poor management decisions at FTX, but who had nothing criminal in mind while building his crypto empire.

In the end, it was perhaps the hubristic display during Bankman-Fried's own testimony that bore the most weight, and did the most damage. Under the prosecution's cross-examination, Bankman-Fried said "over 140 times" that he couldn't remember a document, conversation or other key details. The government said, again and again, that was because "he was lying."

[...] It is now up to the judge, Lewis Kaplan, to determine what Bankman-Fried's sentence will be. While the charges carry a statutory minimum of 110 years, and sentencing guidelines provide a type of formula, the judge has wide-ranging discretion to rule below that guidance. However, CBS News legal analyst Rikki Klieman says if Judge Kaplan "believes the defendant was committing perjury in his courtroom, he might even go above the guidelines."

For her part, Tien, the former FTX employee, said that jail time might too harsh, wondering if Bankman-Fried could perhaps instead help the government investigate other potential crypto-trading fraud.

The next trial in the saga of the United States vs. Sam Bankman-Fried is scheduled for March, 11, 2024, when other charges that the government did not bring forward will be folded into yet another court proceeding.

This trial concludes almost one year to the day FTX stopped allowing customers to withdraw deposits, which marked the beginning of the end of the so-called crypto king's meteoric rise.


Original Submission