Nyder writes "Kim Dotcom posted via Twitter, with a link to Torrentfreak, that he owns a security patent US6078908, titled 'Method for authorizing in data transmission systems.'" Techdirt points out that Dotcom isn't just asking for financial help: Instead, he's asking companies which use two-factor authentication "to help fund his defense, in exchange for not getting sued for the patent. He points out that his actual funds are still frozen by the DOJ and (more importantly) that his case actually matters a great deal to Google, Facebook and Twitter, because the eventual ruling will likely set a precedent that may impact them -- especially around the DMCA." Update: 05/23 14:23 GMT by T : Why is this relevant to Twitter? If you're not an active Twitter user, you might not realize that (after some well publicized twitter-account hijackings), the company is trying to regain some ground on security. Nerval's Lobster writes "Twitter is now offering two-factor authentication, a feature that could help prevent embarrassing security breaches. Twitter users interested in activating two-factor authentication will need to head over to their account settings page and click the checkbox beside 'Require a verification code when I sign in.'"

Tesla Motors announced today it has completely repaid the $465 million loan from the U.S. Department of Energy the company received in 2010. The funds were generated by Tesla through a recent sale of their stock, worth close to a billion dollars. The stock price had risen sharply after the company reported its first profitable quarter (and the stock still sits roughly 50% higher than before their earnings release). Today's payment of $451.8 million finished off both the loan's principal and its interest, nine years before the final payment was due. Tesla CEO Elon Musk said, 'I would like to thank the Department of Energy and the members of Congress and their staffs that worked hard to create the ATVM program, and particularly the American taxpayer from whom these funds originate. I hope we did you proud.'

An anonymous reader writes "I run a small software consulting company who outsources most of its work to contractors. I market myself as being able to handle any technical project, but only really take the fun ones, then shop it around to developers who are interested. I write excellent product specs, provide bug tracking & source control and in general am a programming project manager with empathy for developers. I don't ask them to work weekends and I provide detailed, reproducible bug reports and I pay on time. The only 'rule' (if you can call it that) is: I do not pay for bugs. Developers can make more work for themselves by causing bugs, and with the specifications I write there is no excuse for not testing their code. Developers are always fine with it until we get toward the end of a project and the customer is complaining about bugs. Then all of a sudden I am asking my contractors to work for 'free' and they can make more money elsewhere. Ugh. Every project ends up being a battle, so, I think the solution is to finally hire someone full-time and pay for everything (bugs or not) and just keep them busy. But how can I make that transition? The guy I'd need to hire would have to know a lot of languages and be proficient in all of them. Plus, I can't afford to pay someone $100k/year right now. Ideas?"

mspohr writes with news that Apple might be in a bit of hot water over its policy of offshoring revenues to favorable tax jurisdictions. Only they take it a step further, from the article: "Apple relied on a 'complex web of offshore entities' and U.S. tax loopholes to avoid paying billions of dollars in U.S. taxes on $44 billion in offshore income over the past four years ... The maker of iPhones and iPads used at least three foreign subsidiaries that it claims are not 'tax resident in any nation' to help it avoid paying billions in 'otherwise taxable offshore income,' the Senate Permanent Subcommittee on Investigations said in a statement yesterday."

hypnosec writes "The Electronic Frontier Foundation (EFF) has started accepting donations in the form of Bitcoins again after a two year hiatus, stating that the legal uncertainty hovering over the digital currency has all but disappeared. On their blog the EFF noted that a report from U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN), in addition to their own findings, 'have confirmed that, as a user of Bitcoin or any virtual currency, EFF itself is likely not subject to regulation.'"

Nerval's Lobster writes "Location is everything when choosing the site of a data center. Firms such as Microsoft and Google and Facebook spend a lot of time looking into the costs of land, power, regulation and taxes before placing their respective data centers in a particular place. Sometimes, that local tax bill comes into play in a big way. Just ask the National Security Agency which learned it faces a multimillion-dollar annual state tax on the power consumed by its new data center in Camp Williams, south of Salt Lake City. The Salt Lake Tribune obtained a series of email exchanges between the feds and the state, with the NSA protesting a $2.4 million tax on its annual power expenditure, pegged at about $40 million. Harvey Davis, director of installations and logistics for the NSA, sent a letter (subsequently quoted by the newspaper) to state officials that made the logistics argument: 'Long-term stability in the utility rates was a major factor in Utah being selected as our site for our $1.5bn construction at Camp Williams. HP325 [the new law] runs counter to what we expected.'" This would be the data center William Binney et al claim is logging almost all domestic communication.

Nerval's Lobster writes "Yahoo has agreed to acquire Tumblr for $1.1 billion. As you know, Yahoo is a major corporation with a need to monetize its assets in a way that makes its shareholders happy, leaving open the question of whether it'll alter Tumblr's DNA in order to make the latter more of a significant cash generator. But at least for the moment, Yahoo seems content to leave its new property alone. 'Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business,' read the company's press release. 'The product, service and brand will continue to be defined and developed separately with the same Tumblr irreverence, wit, and commitment to empower creators.' Tumblr CEO David Karp, who has been known to make some very anti-advertising comments in the past, will remain in place. Even so, anyone who likes Tumblr may have some cause for concern, because Yahoo has a history of making high-profile acquisitions that subsequently implode. Back in 1999, for example, it paid over $3 billion for GeoCities, another blogging network that it eventually shut down after years of failing the update the property. In 2005, it acquired popular photo-sharing Website Flickr, which it likewise allowed to languish and die. That same year it bought Delicious, a popular Webpage-bookmarking site, and did exactly nothing with it. So when Yahoo starts off its Tumblr press release with a promise not to screw things up, it's a self-deprecating nod toward all that history. New Yahoo CEO Marissa Mayer has been on a bit of a buying spree of late, snatching up startups such as Summly in an attempt to make her company 'cool' and relevant."

TechCrunch reports that Yahoo's string of acquisitions may soon include Tumblr: "The Wall Street Journal is now reporting via Twitter that the rumored $1.1 billion cash acquisition deal for social blogging site Tumblr has been approved by Yahoo’s board of directors. The Tumblr acquisition was rumored last week, with a price tag reportedly north of $1 billion, which appears to be accurate if the WSJ’s sources are correct." The article notes, too, that "Yahoo had only $1.2 billion cash on hand as of its most recent quarterly earnings, which makes an all-cash offer for Tumblr a lot more of a stretch than it would be for someone like Apple, or even Facebook, which acquired Instagram for $1 billion in a mix of both cash and stock."

First time accepted submitter russotto points out the claim of industry group TechAmerican Foundation (reported by Computerworld) that "wages for the software industry are falling, not rising. Wages fell 2% to $99,000 in 2012." Averages are one thing; the article points out though that wages vary vastly within the industry, and that some jobs are harder to fill (thus, better paid) than others. An excerpt: "Victor Janulaitis, CEO of Janco Associates, a research firm that also analyzes IT wage and employment trends, cited a number of reason for the decline in wages for software professionals. First, technology is becoming easier to implement without having an IT professional, he said. Also, the option of turning to outsourcing creates less pressure to increase wages. As the recession continues, companies continue 'to look at productivity and will often look to hire individuals who are lower cost employees,' said Janulaitis. That could include displaced baby boomer workers who have been out of work for some time and 'will take a lower paying job just to get back into the workforce.'"

girlmad writes "Despite moves by government to get Google, Amazon and Apple to admit they make sales in the UK and US, and therefore should pay tax on these earnings, this article argues these are empty threats and that any taxes paid will get returned to the tech giants in government grants and subsidies. Tough luck to the small firms out there."

LeadSongDog writes "The Globe and Mail is reporting that the 'Pebble' smartwatch has matched the $15M record for Kickstarter funding after initially being panned by the VC crowd." One advantage that the Pebble has over rumored watches from big names like Google and Apple is existing.

leathered writes "The BBC reports that some customers of UK retailer Marks and Spencer have reported that the store's contactless payment terminals have debited their cards despite being in their bags or pockets, sometimes paying twice when they have used another payment method. The cards are supposed to work only when the card comes within 4cm of the terminal. Customers of fast-food chain Pret a Manger have been reporting similar problems, and in both cases cited the customers weren't even aware they had been issued with NFC-enabled cards by their bank."

mcleland writes "The BBC reports that Nintendo is now using the content ID match feature in YouTube to identify screencap videos of people playing their games. They then take over the advertising that appears with the video, and thus the ad revenue. Nintendo gets it all, and the creators of these videos (which are like extended fan-made commercials for the games) get nothing. Corporate gibberish to justify this: 'In a statement, the firm said the move was part of an "on-going push to ensure Nintendo content is shared across social media."'"

J.J. Abrams’ 2009 reboot of Star Trek was wildly successful. It raked in hundreds of millions at the box office, and revitalized the Star Trek franchise, which had languished for 7 years without a new film and 4 years without a TV presence (after 18 consecutive years of new shows). It also did something no Trek movie had done before; it made Star Trek ‘cool’ in the public consciousness. Combined, those factors ensured Abrams would get another turn at the helm of a Trek movie, and sooner rather than later. With today's release of Star Trek: Into Darkness, that trend is very likely to continue. It's a movie with all the same strengths and weaknesses of its predecessor, and if it worked before, it'll work again. Read on for our review.

jones_supa writes "Bill Gates is once again the world's richest person. He recaptured the title from Mexican investor Carlos Slim, as Microsoft hit a five-year high. It is the first time Gates has held the mantle since 2007. His fortune is valued at $72.7 billion, up 16 percent year-to-date. At the same time, Mr. Slim's América Móvil, the largest mobile-phone operator in the Americas, has dropped 14 percent this year after Mexico's Congress passed a bill that could quash the billionaire's market dominance. That's helped erase more than $3 billion from the tycoon's net worth. What comes to Bill Gates, most of his fortune is held in Cascade Investment LLC, a holding entity through which he owns stakes in more than a dozen publicly traded companies and several closely held operations. He has donated $28 billion to the Bill & Melinda Gates Foundation."

alphadogg writes "A data center in Sweden has cut its energy bills by a million dollars a year using seawater to cool its servers, though jellyfish are an occasional hazard. Interxion, a collocation company in the Netherlands that rents data center space in 11 countries, uses water pumped from the Baltic Sea to cool the IT equipment at its facilities in Stockholm. The energy used to cool IT equipment is one of the costliest areas of running a data center. Companies have traditionally used big, mechanical chillers, but some are turning to outside air and evaporative techniques as lower-cost alternatives."

New submitter zlives writes in with news that Florida's DOT changed some language in their yellow light timing regulations, leading to a decrease in the yellow delay. Especially at lights with red light cameras. "From the article: 'Red light cameras generated more than $100 million in revenue last year in approximately 70 Florida communities, with 52.5 percent of the revenue going to the state. The rest is divided by cities, counties, and the camera companies. In 2013, the cameras are on pace to generate $120 million.' I wonder what the camera company cut is?" At least one area has promised to undo the reduction now that they have been caught.

wiredmikey tips this AFP report: "Russia on Tuesday said it had detained an alleged American CIA agent working undercover at the U.S. embassy who was discovered with a large stash of money as he was trying to recruit a Russian intelligence officer. Russia's Federal Security Service (FSB, ex-KGB) identified the man as Ryan C. Fogle — third secretary of the political section of Washington's embassy in Moscow — and said he had been handed back to the embassy after his detention. Photographs published show his alleged espionage equipment including wigs, a compass, torch and even a mundane atlas of Moscow as well as a somewhat old fashioned mobile phone. Russia's Federal Security Service (FSB) said Fogle was carrying 'special technical equipment, written instructions for recruiting a Russian citizen, a large sum of money and means for changing a person's appearance.' The FSB also said the U.S. intelligence service has made repeated attempts to recruit the staff of Russian law enforcement agencies and special services. The incident comes amid a new chill in Russian-U.S. relations sparked by the Syrian crisis and concern in Washington over what it sees as President Vladimir Putin's crackdown on human rights."

An anonymous reader sends this excerpt from BetaBeat: "The Department of Homeland Security appears to have shut down the ability to use Dwolla, a mobile payment service, to withdraw and deposit money into Mt. Gox, a Bitcoin trading platform. ... A representative for Dwolla told Betabeat that the company is 'not party' to this matter and encourages those with questions to reach out to Mt. Gox or the DHS. 'The Department of Homeland Security and U.S. District Court for the District of Maryland issued a 'Seizure Warrant' for the funds associated with Mutum Sigillium's Dwolla account (a.k.a. Mt. Gox),' he said. 'In light of the court order, procured by the Department of Homeland Security, Dwolla has ceased all account activities associated with Dwolla services for Mutum Sigillum while Dwolla's holding partner transferred Mutum Sigillium's balance, per the warrant.'"

anzha writes "Horst Simon, Deputy Director of Lawrence Berkeley National Laboratory, has stood up at conferences of late and said the unthinkable: supercomputing is hitting a wall and will not build an exaFLOPS HPC system by 2020. This is defined as one that passes linpack with a performance of one exaFLOPS sustained or better. He's even placed money on it. You can read the original presentation here."