June 2004 Archives

Annotatable UK ID Card consultation

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Mark sez, "As you may know in the UK, ID cards are being debated
again. A document with a draft Bill has been produced
and the public consultation process is now underway. I have taken this document and converted it into a
Moveable Type blog, pretty much every parachraph in
the document is linkable, commentable and
trackbackable."

Link

(Thanks, Mark!)


Dymaxion adds: This should catch on big time! Incredible use of interactive publishing. Hopefully, somebody will pick this up for draft bills in the US Congress.

Canada's highest court has just ruled that ISPs cannot be forced to pay royalties on music downloaded by users:


In a unanimous 9-0 decision, the court ruled that although ISPs provide the hardware and technology, they aren't responsible for what people download. The court ruled that companies providing wide access to the web are "intermediaries" who are not bound by federal copyright legislation.

Link (Thanks, Michael)

New DVD/CD format just in time for summer

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Big name music labels are all set to release a new media format this summer. It is a combination of a DVD and a CD. One side will have the great CD sound that we have all come to know and love while the reverse side will contain video or other types of content needing the large storage capacity of a DVD.

Indian Railways to offer Wi-Fi

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The BBC reports that Indian Railways will be offering their luxury passengers internet access as soon as June 30th. Internet will be accessed both via Wi-Fi and from a kiosk with two PCs located on it. Indian Railways has worked to extensivly computerize most of their operations.

While access to the internet will be free at first, there are plans to start charging after enough time has passed to allow passengers to become accustomed to having internet access while riding the rails.

The BBC has submitted its Charter Renewal documents to the UK Government, outlining its plans for the next ten years. It's a long and comprehensive document, and most excitingly, it describes a free and open Creative Archive intended to provide Britons with access to the material in the BBC's vaults for free viewing, remixing and reuse.

Imagine being able to view and listen -- and even download and own -- extracts from the world's largest television and radio archive.

53% of internet users download content for their own compilations 55. For the first time, the BBC will open up its treasure chest of programmes to the public who own it and make its contents available to individuals and to families for learning, for creativity and for pleasure. Two-thirds of current and prospective broadband users say they are interested in the Creative Archive service.

The BBC Creative Archive will establish a pool of high-quality content which can be legally drawn on by collectors, enthusiasts, artists, musicians, students, teachers and many others, who can search and use this material non-commercially. And where exciting new works and products are made using this material, we will showcase them on BBC services.

Initially we will release factual material, beginning with extracts from natural history programmes. As demand grows, we are committed to extending the Creative Archive across all areas of our output.

1MB PDF Link


Update: Check out this quote from new BBC Director General Mark Thompson, from today's press conference: "We want to builld a digital world based on universal access, open standards and unencryption [sic?]. Encryption, subscription and other forms of digital exclusion lead to widespread welfare losses. They may have a role within the total broadcasting ecology, but the idea that they can successfully replace free-to-air public service broadcasting flies in the face both of economic theory and real-world experience." (Thanks, Adam!)

Intel Releases Next-Generation Xeon

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Processor will compete against AMD's Opteron, but has key differences. [PCWorld.com - Latest News Stories]

The consumer 64 bit horse race is officially running. We the consumers are the winners!

...John

Microsoft Settles Arizona Antitrust Suit

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LOS ANGELES (Reuters) - Microsoft Corp. will offer as much as $105 million in product vouchers to settle an Arizona class-action lawsuit accusing it of using its monopoly power to overcharge for software. [Reuters: Technology]

Product vouchers are down there with mail in rebates. Getting the money is a sometime thing. Microsoft seems to be embracing and enhancing the Ferengi first rule Rules of Acquisition, "Once you have their money, you never give it back."

...John


During the June 18 Gillmor Gang show, I asked Hummer Winblad's Mitchell Kertzman about open source business models. Kertzman said 1 that the key factor, from his perspective, is the way in which the open source stack frees commercial software companies from the burden of "dragging around an expensive platform." He also questioned the need 2 for the JVM, citing two reasons. First, that Java's portability has become a non-issue now that there are only two platforms that matter: .NET and Linux. Second, that the rise of XML Web services has given a boost to the text-savvy scripting languages: Perl/Python/PHP, the "P" in LAMP.
...

Firefox 0.9.1 and Thunderbird 0.7.1 Released

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Dave writes "The Mozilla Foundation has just made available interim releases of Firefox 0.9.1 and Thunderbird 0.7.1. Apparently: 'These releases are designed ...

Wireless Hackers Leave No Tracks

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“…Before WLANs, if I were a hacker or virus writer or if I wanted to download or share illegal material, I had limited options. I could use my own account and eventually get caught after the feds tracked the abuse back to me. I could steal an AOL account by phishing until the feds used phone traces to catch me. Or I could wander into a Web cafe, do my evil deeds and flee, leaving closed-circuit TV footage, fingerprints and physical evidence the feds could use to put me behind bars. With WLANs, things have changed. On most streets in big metropolitan areas, a few people have broadband, and at least one uses it with an insecure wireless connection. Perhaps half of those people turn on the Windows XP firewall, but that won’t stop an attacker. They just get within range and connect. There’s no physical evidence, no closed-circuit TV, and the poor schmuck whose broadband connection gets used is the one whom the feds raid.”

IE flaw may boost rival browsers

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“A major security hole discovered in Microsoft’s Internet Explorer last week has become a golden marketing opportunity for alternative browsers such as Mozilla and Opera unaffected by the flaw.”

Mac OS X 10.4 Tiger: 150 new features in 2005

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“Apple previewed Mac OS X version 10.4, code-named ‘Tiger’, during the opening keynote address of its Worldwide Developers Conference at San Francisco’s Moscone Center. Tiger is the fifth major version of Mac OS X. It will ship in the first half of 2005. Apple claims that the forthcoming version has more than 150 ‘breakthrough’ new features, including: Spotlight, a ‘revolutionary’ new way to instantly find any file, document or information created by any application on the Mac; Safari RSS, a new version of Apple’s Web browser that incorporates instant access to RSS (Really Simple Syndication) data feeds on the web; Dashboard, a ‘dazzling’ new way to instantly access a new collection of accessory ‘Widgets’; and a new version of Apple’s iChat instant-messaging client with the industry’s first multi-person audio and video conferencing in a 3D interface.”

“Senator Orrin Hatch’s new Inducing Infringement of Copyright Act
(S.2560, Induce Act) would make it a crime to aid, abet, or
induce copyright infringement. He wants us all to think that the
Induce Act is no big deal and that it only targets “the bad guys”
while leaving “the good guys” alone. He says that it doesn’t
change the law; it just clarifies it.He’s wrong.Right now, under the Supreme Court’s ruling in Sony Corp. v.
Universal City Studios, Inc. (the Betamax VCR case), devices
like the iPod and CD burners are 100% legal - not because
they aren’t sometimes used for infringement, but because they
also have legitimate uses. The Court in Sony called these
“substantial non-infringing uses.” This has been the rule
in the technology sector for the last 20 years. Billions of
dollars and thousands of jobs have depended on it. Industries
have blossomed under it. But the Induce Act would end that
era of innovation. Don’t let this happen on your watch - tell
your Senators to fight the Induce Act!”Read more…

Guess What -- You Asked for Those Pop-Up Ads

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Software lodged in your PC follows your Web wanderings and slings up relevant pitches[Business Week: Technology]

'-- According to advertising agencies, for every 97 people who zap such an ad, three click on it. That's a sky-high hit rate for the $7.2 billion Internet ad industry. --'

...John

Busting the Biggest PC Myths

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We expose the bad advice that wastes your time and money. [PCWorld.com - Latest News Stories]

The "Bogus-O-Meter" rates the myths.

...John

VeriSign shows off new email protection service

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Verisign announced on Monday their new e-mail security service to stop spam and viruses. The service uses heuristic tools, custom blacklists, and fingerprinting to calculate the probability that a particular e-mail message is spam after looking at a pattern of characteristics. The heuristic tools use over 10,000 rules to see if a message is spam. The service also uses three antivirus engines to block malicious mail. VeriSign has started free trials of the service, which will be available on July 12. Pricing details were not announced today.

“…Novell has agreed to make the RealPlayer 10 for Linux the default media player for RealAudio, RealVideo, Ogg Vorbis and Theora codecs.” “Red Hat, Inc. (NASDAQ: RHAT), and RealNetworks, Inc. (NASDAQ: RNWK), today announced an agreement to ship the completely open source Helix Player with Red Hat’s desktop products. Red Hat will also offer a no-cost upgrade to RealPlayer 10 for Linux to Red Hat customers upon their initial installation of the Red Hat Desktop when the player is available later this summer.”

Desktop Linux: Sun Shines

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Sun's Java Desktop System 2 edges Red Hat Desktop for enterprise readiness. [Ziff Davis Channel Zone]

'-- Desktop Linux is good enough to supplant Windows in a number of enterprise desktop roles, and it has been for some time now. However, major enterprise Linux vendors—most notably Red Hat Inc.—have been too busy until recently with server-room Linux to produce desktop products with the sort of management frameworks and stable product road maps that enterprises require. That changed with the release last month of two desktop Linux variants from major enterprise players: Sun Microsystems Inc.'s Java Desktop System 2 and Red Hat's Red Hat Desktop. --'

PC's take more sick days than their users

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The average PC is 'sick' for more days annually because of virus infection and spam overload than the average human
[ZDNet]

'-- The average UK PC is rendered unusable for the equivalent of around nine working days every year because the owner is cleaning up spam or fighting viruses. This is two days a year more than the average UK worker takes off as sick leave --'

...John

Who's On Broadband?

| | Comments (0)

The OECD (Organisation for Economic Development) recently released the results of a study
(See Survey)
it did in December 2003 noting broadband access in its member countries. South Korea, it turns out are world bandwidth champions with 23.2 users per 100 inhabitants.

Canada and Iceland vie closely for second and third place at 14.8 and 14.5 respectively followed by Denmark at 13.1. Still in northern Europe, Belgium and the Netherlands trail at close to 12% followed by Switzerland and Sweden in the 11% range.

Where's the US? Well, slightly behind Japan, which rounds out the top 10 at 10.7. The US follows its major Far East economic partner at 9.8 per hundred but, unlike any of the other 32 countries on the list, interestingly, has more subscribers through cable (5.7) than DSL (3.3). Here at DW, we expect that equation to change in favor of the telcos, which appear to have finally caught on.

RIAA squats and dumps on nation's libraries

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As part of the antitrust settlement against the RIAA, the record labels are obliged to donate a large number of discs to public libraries. Rather than giving America's libraries decent music, the RIAA is dumping the worst deletes and cutouts in their warehouses, dumpsterloads of reeking liquid shit, and blaming it all on a computer error:

The Des Moines (Iowa) Public Library was on track to take the lead in redundancies, though the identification of the programming bug may come in time to avert what might have been a record overkill. Its crate of 2,647 CDs, due to arrive in the next couple weeks, was listed as containing 430 single-song discs -- 16 percent of the total -- of Whitney Houston singing "The Star Spangled Banner" at the 1991 Super Bowl, according to Steve Cox, of the Iowa State Library.

Link

(Thanks, Jason!)

SBC Planning 15-25Mbps DSL Networks

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Tuxedo Jack writes "The Register reports that SBC has begun planning a massive network upgrade which will push fiber connections deeper into subdivisions and ...

Texas Using WiFi to Encourage Driving Breaks

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squidfrog writes "An AP article reports: 'To encourage drivers to take more frequent breaks, the Texas Department of Transportation wants to set up free ...

Google Plans to Reveal Some of its Code

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Andy Beal writes "According to Australia's The Age, Google plans to reveal some of the code it uses to great success. It says ' "The time has come for Google ...

SpaceShipOne Flight Not as Perfect as it Seemed

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ArbiterOne writes "SpaceShipOne's flight wasn't as perfect as it seemed, according to Burt Rutan and New Scientist. Apparently, at one point in the descent, ...

ATi HDTV Tuner For The PC Arrives

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Chi-Energy writes "ATi has released their new HDTV Tuner card for the PC today, which allows High Def broadcasts and cable content to be displayed on any PC ...

Dan Gillmor has written an insightful column about Sprint's announcement that it will soon sell camera-free Treo 600 camera phones. Sprint wants to satisfy customers fearful of internal corporate espionage, but Gillmor says resistance is futile:


I suppose it's always better to sell what the customer wants. But I have bad news for Sprint's worried customers: This won't help much, because the pace of technology means cameras will soon disappear from view, embedded in clothing and eyeglasses, not just phones.


Sprint's move highlights one more set of issues we have to confront in a world of digital information. Whether we're talking about photos or videos or documents or just about anything else that can be converted into zeroes and ones, we're entering a changed world.


Link

Go back more than a few years ago and Linux had zero representation among the world's fastest supercomputers, which relied on traditional, monolithic mainframe machines running Sparc, HP-UX, Unix or other operating systems. In the last few years, however, the open source operating system has begun dominating the list, thanks to clustering and Intel hardware in the supercomputing market. [Linux.Com: NewsForge Reports]

Way to go Linux!

...John

DMCA to be possibly toned down

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The infamous Digital Millenium Copyrights Act may have some of its parts toned down or taked out. The “Digital Media Consumers Right Act of 2003” was introduced by Representative Rick Boucher and has the support of 24 other representatives. The bill is also being supported by The Personal Technology Freedom Coalition, including companies like Intel, Sun Microsystems, Verizon, Qwest, Gateway, and BellSouth. The EFF and the ALA are also supporting the new bill.

FLASH! Space Ship One makes space history

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“SpaceShipOne has rocketed into the history books to become the first private manned spacecraft to fly to the edge of space and back. The craft, built by aviation pioneer Burt Rutan, went over space’s 100km (62 mile) boundary, said mission control. It was carried to 50,000ft (15km) by its launcher White Knight at which point it was unleashed. It fired its rockets to continue its trip.” The BBC’s servers are being hit hard at the moment - if you can’t get the story, try again later.






Google
Lockergnome





Intel Readies New Chip Sets

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“Two new chip sets for consumer PCs will be the centerpiece of one of Intel’s most significant product launches of the year this weekend.”

A Survey of DVD Recording Formats

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Wei-Meng Lee writes of his quest for the right DVD writer to buy. After surveying the various DVD recording formats (DVD-R, DVD-RW, DVD+RW, DVD+R, DVD-RAM, and DVD-RW DL), as well as some of the DVD writers currently available on the market, Wei-Meng offers his recommendations. [O'Reilly Network Articles]

Well done summary.

...John

Released just over a month ago, the video recording of this April 2004 seminar held at UC Berkeley, provides some very interesting insight and commentary by a panel of qualified experts of traditional and online journalism: Neil Chase, managing editor...

Are Blogs Ready For Prime-Time? Blogads Speaks

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"A Blogads survey claims that blog readers are more mature and affluent than expected and more prone to click on ads and buy online. Many advertisers think bloggers—and blog readers—inhabit some kind of cyber backwater, full of stagnant, egotistical, overwritten...

Biggest ever Windows to Linux migration announced

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Munich confirms Microsoft snub for 14,000 machines [silicon.com]

'-- Munich – the city whose switch to Linux was seen as so significant it attracted a personal visit from Steve Ballmer – has announced that its year-long trial has proved a success and the local government is sticking with open source for its desktops. -- According to a document seen by USA Today, among the concessions the software behemoth was prepared to punt Munich's way were undercutting a Linux bid by $12m; letting Munich license some stripped-down Windows and offering training and support for nothing. --'

Woe is Microsoft when it can't even give it away.

...John

The recording industry on Wednesday asked federal regulators to help make it harder for people to copy and redistribute songs heard on digital radio.

(06/16/2004 02:54 PM PDT) [Silicon Valley: Top of the Wires]

Looks to me like the Hollywood Greed Alliance views anything digital as mortal threats. They seem to be longing for the good old analog days.

...John

Word Refuseniks: Never Upgrade

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The new version of Microsoft's Office has been widely praised, but some say the company will never produce software as good as Word 5.1, which blended power with ease of use. Plenty of fans are still running vintage software on new iron. By Leander Kahney. [Wired News]

Looks like Microsoft product churn doesn't matter to some.

...John

All The News In An Image

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Imagenews gathers images from all over the world on news categories ranging from Business and Financial Information to Science, Technology, Sports and Entertainment. Updated every hour, Imagenews provides direct links from each image to the news story from where it...

One in three PCs hosts spyware or Trojans

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An average of one in three PCs scanned in March and April was carrying a system monitor or Trojan horse hidden on its hard drive. [SecurityFocus]

'-- "Based on the overwhelming number of spyware traces identified in just four months, we continue to urge consumers to run an audit as soon as possible to determine if they have spyware on their PCs and then take action to manage it." --'

It's everywhere.

...John

Open source cracks publishing wide open

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Once upon a time, publishing was the domain of large corporations. Then came desktop publishing and the tools to produce a book shrank from the cost of an aircraft carrier to the price tag of a PT boat. Now, small publishers on the bleeding edge of technology are fomenting a revolution that may change the publishing market forever. Open source publishing tools, long derided as not being ready for battle, are proving themselves in the trenches of small publishing. [Linux.Com: NewsForge Reports]

'-- Anything that brings down the cost of production makes it possible for large publishers to take a few more chances on a few more books. Open source tools mean more opportunity for authors of all stripes. Open source tools lower the barriers to entry. More self-publishers and more small publishers in business -- and profitable because of lower costs -- widens the market for books of all kinds. This is an increase to freedom of expression across the board. Instead of just the same old same old King, Jordan, and Roberts, new voices get heard. --'

...John

Microsoft stock buyback may be in works

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“Microsoft Corp. may be poised to repurchase billions of dollars worth of its stock to reduce its huge cash balance and improve its share price, a Goldman Sachs analyst says.”

3,000 blogs lose their voice

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“Software developer Dave Winer disabled roughly 3,000 Web logs from his former company this weekend, a move that drew sharp criticism from some people in the publishing community. “Read more…

Microsoft on Track to Offer Anti-Virus Software

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“Microsoft Corp. MSFT.O is still on track to offer an anti-virus product that will compete against similar software offered by Symantec Corp. SYMC.O and Network Associates Inc. NET.N , the world’s largest software maker said late on Monday.”

Sheesh, of all the things they’ve decided to bundle with Windowsfor free, this is what they choose to sell seperately?

DVD Forum approves HD-DVD-ROM spec

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“Chicago (IL) - A steering committee of the DVD Forum has approved the final specification of one potential successor of today’s DVD. The HD-DVD-ROM will carry one or two data layers with a total capacity of up to 30 GByte. First drives are expected within the next twelve months.”Read more…

Akamai outage hobbles Google, Microsoft, others

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A service disruption at content hosting company Akamai Technologies Inc. cut off access to some of the Internet's major Web sites Tuesday, including Google.com, and Microsoft.com, according to The SANS Institute's Internet Storm Center. [InfoWorld]

'-- An investigation into the problem revealed that Akamai's DNS servers were not responding to requests. The problem appeared to affect the company's worldwide network of DNS servers, suggesting that the problem may have been with caused by a problem within Akamai rather than an external attack on its DNS servers, Ullrich said. -- "It could be anything -- somebody tripping on an power cord. I think an attack is unlikely, unless somebody was able to hit a central control node," he said. --'

If tripping on a power cord brings down Akamai, there seems to be something terribly wrong with their network architecture.

...John

IT morale drops to all-time low, study says

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Morale among IT workers has dipped to an all-time low, even though demand for certain skills is rising, according to a new study from Meta Group. [CNET News.com - Front Door]

Well Duh! Offshoring, demanding more with less people, and general management stupidity, will drop morale.

...John

Quis custodiet ipsos custodes?

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Tim Bray points to Sun's John Clingan who asks the important question (in English, not Latin): Who analyzes the analysts? This bit caught my eye:


I remember back in ~1990 when Windows NT was being talked about taking over the world. My girlfriend at the time (now my wife) saw it on a magazine rack and said "I saw a Byte magazine cover which said, 'Is Unix Dead?'". "Uh oh, are you going to have a job next year?" Ironically, Byte magazine is dead (although byte.com is still around). Is this the enforcement of accountability for journalists and analysts? [John Clingan]

Yup, in the long run it is. But things have gotten a whole lot more interactive than that. As I mentioned on Friday, Sean McCown's SQL/XML story for InfoWorld, and Michael Rys' commentary on it, combine in an interesting way. Every analyst ought to be a part-time practitioner, and every practitioner ought to be a part-time analyst.
...

Saturn's Dark Moon Phoebe Reveals Battered Past

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“Saturn’s moon, Phoebe, has been battered for billions of years by interplanetary debris, and the signs of past violence are clear in images snapped by a spacecraft headed for orbit around the ringed planet.”

“Texas Instruments Inc. says it is working on technology to help phone companies offer high-definition television and voice over high-speed Internet lines within about three years.”

New Preview Release of Firefox

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My name is Rafael Ebron, I’m a new addition to the Mozilla Foundation and
helping spread the word. We would love to get a mention on your blog.Tomorrow, the Mozilla Foundation is releasing Firefox 0.9, a new preview
release of our next generation web browser. Firefox 0.9 is the “feature
complete” version of Firefox, and includes a number of exciting new features
(new default theme, easy migration from Internet Explorer, new extensions
framework) as well as a big reduction in download size (now just 4.7 MB on
Windows) and numerous bug fixes, security and speed improvements.Later this week, we’ll also be releasing Mozilla 1.7, the lastest version of
our Internet suite (including web browser, mail client, IRC client, HTML
editor) and Thunderbird 0.7 (our new standalone email client). Our friends
at Lindows and Disruptive Innovations also just announced the release of
version 0.3 of their Mozilla-based standalone HTML editing tool, Nvu (more
information about Nvu 0.3 is available www.nvu.com/download.html).

Nokia Series 60 worm on the loose

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EPOC.Cabir is a new worm that replicates on Nokia Series 60 phones. It drains the users battery by scanning for Bluetooth devices and sending itself to any nearby Bluetooth devices. It is spread as a .SIS file, which installs into the “Apps” directory. Once opened it copies itself to a directory that is not visible by default. It then runs from the new directory and requires a file manager applicated to be installed in order for it to be removed.

U.S. broadband access leaped 42 percent in 2003

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Demand for faster Internet connections fueled the sharp spike to more than 28 million broadband lines nationwide, which was led by DSL sales, according to a new FCC report. [CNET News.com - Front Door]

Great! This strong broadband growth is most likely putting more of a dent in the TV industry. I'm wishfully thinking this may be a wake up call that dummy-down TV programming isn't working.

...John

SBC told to unhook phone from broadband

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“SBC Communications must sell local phone and broadband services separately in California, state regulators have ruled, forcing a showdown with the telecom giant over forced bundling practices in its largest market. “Read more…

John Mauldin --The Unwinding of the Carry Trade

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The Fed Gets What It Wants The Employment Numbers:
A Good Story # 14 on Business Week Vancouver,
New York, Orange County, Vacation

Will rising rates cause the hedge fund world to blow up and bring down the economies of the world?
What about the huge recent rise in the money supply? Are the large employment numbers for real? Is inflation coming back? Will the economy continue to grow? All good questions upon which we will muse. (Yes, I know I was supposed to write about the housing bubble, but my associates keep bringing in important new research which must be read. Unfortunately, they are all quite long and written by PhD economists, which is to say, dense and complex. I will get to it, I promise.) The Unwinding of the Carry Trade First, a few thoughts about the risk to world markets caused by highly leveraged hedge funds as interest rates rise. Hedge funds have been some of the prime beneficiaries and users of the carry trade (borrowing at ultra low short terms rates and investing in longer term instruments with higher rates to make the difference in the coupons). Knowing that the Fed was committed to keeping rates low for a "considerable period" of time, hedge funds, major banking houses, active managers and corporations borrowed at very low rates to invest in all manner of investments: longer term bonds, foreign bonds and currencies, commodities, all manner of derivative debt, etc. Corporations swapped out long-term debt for short term debt. Let us be sure that the carry trade in the world was huge as of the middle of March, 2004. Further, the markets only thought that the Fed would raise rates by 50 basis points by the end of the year in mid-March. Count me in that group, as I did not think the Fed would raise rates until after the election. Hedge funds and the groups mentioned above, although their hands were on the trigger, were enjoying the nice spread. Life had been very good for some time and Sir Alan was their best friend. Except that Alan and crew started giving speeches warning about inflation and hinting at the end of low rates. As I wrote then it was a blatant move to get hedge funds to begin to unwind their carry trades. It worked. Then employment started to pick up. Economic numbers continued to look good and a whiff of inflation began to actually appear on the world scene. The facts changed, and the very real suspicion that the Fed would start tightening in June became the theme throughout the investment world. Now, the markets are pricing in interest rate hikes to begin in June and a full 175 basis points by the end of the year. Fed members are still using words like "measured" and "patient" when they talk about hikes, but they are clearly letting people know they are ready to begin the rate raising cycle. Today's employment numbers (more later) were quite good. It has been my contention that the Fed would not raise rates until either strong inflation or solid employment numbers (or both) were evident. Now they are. There are a number of questions we need to think about. Why is the Fed likely to go slowly, raising only 25 basis points at a time? How high will rates ultimately rise? Will such a stimulating go-slow policy, if pursued, result in rising inflation? Nearly everyone agrees that the "natural" rate for Fed funds should be between 3 and 4 percent. Anything less is still stimulating the economy. Such an environment encourages more inflation and is boosting the economy. Normally, when the economy is growing as well as it is now and inflation starts to come back, the Fed starts to tap on the brake pedal to slow things down. A rate of 1.5% or 2% or even 3% in an economy growing 4% with well over 2% inflation cannot be called putting on the brakes. 25 basis point rate increases are very gentle tapping indeed. Why would the Fed risk a return of inflation? A number of bearish observers have written that they expect a financial crisis, if not a meltdown, to result from hedge funds and investment banks all procrastinating and then trying to exit their carry trades at the same time at the last minute. And indeed, if that were the case, we could (probably would) see a crisis.

Verizon Broadens Its Offerings

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Verizon to offer ?naked? DSL
The company confirms plans to allow customers to buy DSL services
without also buying local phone service.Wed May 26 13:56:00 PDT 2004Read more?

Porn more important than knowledge

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Evolution of the species [the INQUIRER]

'-- online porn sites get about three times more visits than the top Web search engines, including market leader Google --'

Like in most other venues, sex sells.

...John

Linux is inching into college curriculums

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American colleges and universities are often on the cutting edge of Linux and open source use -- collaborating across campuses, enabling student and faculty open source projects, and providing unique experimentation and testing environments -- but when it comes to teaching Linux and open source development, administration, or other knowhow, it appears higher education has just been accepted for early admission. [NewsForge]

'-- "We tell our students that the software they'll use throughout most of their career hasn't been written yet, so they'd better learn the general principles and learn how to learn details as they go along, not feeling that they're limited to the tools they use in our courses," --'

Sounds to me like a very practical approach to the real world of software.

...John

"Microsoft is flush with $56 billion in cash and short-term investments. Income of $16 billion is expected in fiscal year 2005. It dominates the most profitable segments of the software industry— operating systems and productivity applications. It attracts talented, creative...

"...the elephant in the room: RSS. While INBOX wrestles with the intractable problems of blurred international boundaries, too-complex authentication solutions and too-expensive computational and payment schemes, more and more of us are routing around e-mail for all but the most...

“AVerMedia has created a pocket-sized device, the AverMe3dia UltraTV USB 300, that can capture video and tune in cable or broadcast TV, as well as enabling virtually any decently powered PC desktop or laptop to time-shift television and capture video from other sources, like DVD players and VCRs. Read our full review of this fabulous $120 device.”

A Big Mac and a signal please

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SBC announced plans to install Wi-Fi access at 6,000 McDonalds locations. This is part of SBC’s goal to have 20,000 Wi-Fi hotspots built in three years.
Daily access to use the SBC Wi-FI network will cost $7.95 and monthly access will cost $19.95.
Full Story

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