An anonymous reader shares a report: Amazon has put in a last-minute bid to acquire all of TikTok, the popular video app, as it approaches an April deadline to be separated from its Chinese owner or face a ban in the United States, according to three people familiar with the bid.

Various parties who have been involved in the talks do not appear to be taking Amazon's bid seriously, the people said. The bid came via an offer letter addressed to Vice President JD Vance and Howard Lutnick, the commerce secretary, according to a person briefed on the matter. Amazon's bid highlights the 11th-hour maneuvering in Washington over TikTok's ownership. Policymakers in both parties have expressed deep national security concerns over the app's Chinese ownership, and passed a law last year to force a sale of TikTok that was set to take effect in January.

Representatives Alexandria Ocasio-Cortez and Anna Paulina Luna introduced bipartisan legislation in March to cap credit card interest rates at 10% annually as Americans' debt hits record levels. "Credit cards with high interest rates regularly trap working people in endless cycles of debt," Ocasio-Cortez said in a statement.

Credit card debt has reached $1.2 trillion in Q4 2024, up from $720 billion in the same quarter of 2004, according to Federal Reserve Bank of New York data. Average annual percentage rates nearly doubled to 21% in 2024 from 12% in 2003. The Federal Reserve Bank of Philadelphia reported a record number of cardholders making only minimum payments in Q3 2024, "showing signs of consumer stress."

Further reading: Study Reveals Why Credit Card Interest Rates Remain Stubbornly High.

With the signing of HB25-1040 on Monday, Colorado now defines nuclear as a "clean energy resource" since it doesn't release large amounts of climate-warming emissions. "The category was previously reserved for renewables like wind, solar and geothermal, which don't carry the radioactive stigma that's hobbled fission power plants following disasters like Chernobyl and Fukushima," notes Colorado Public Radio. From the report: In an emailed statement, Ally Sullivan, a spokesperson for the governor's office, said the law doesn't advance any specific nuclear energy project, and no utility has proposed building a nuclear power plant in Colorado. It does, however, allow nuclear energy to potentially serve as one piece of the state's plan to tackle climate change. "If nuclear energy becomes sufficiently cost-competitive, it could potentially become part of Colorado's clean energy future. However, it must be conducted safely, without harming communities, depleting other natural resources or replacing other clean energy sources," Sullivan said.

By redefining nuclear energy as "clean," the law would let future fission-based power plants obtain local grants previously reserved for other carbon-free energy sources, and it would allow those projects to contribute to Colorado's renewable energy goals. It also aligns state law with a push to reshape public opinion of nuclear energy. Nuclear energy proponents promise new reactor designs are smaller and safer than hulking power plants built in the 20th century. By embracing those systems, bill supporters claimed Colorado could meet rising energy demand without abandoning its ambitious climate goals.

Credit card interest rates, which averaged 23% in 2023, are significantly higher than any other major loan product primarily due to non-diversifiable default risk and banks' market power, according to research published by the Federal Reserve Bank of New York.

The comprehensive study, which analyzed 330 million monthly credit card accounts, found that while high default losses contribute to elevated rates, they explain only part of the picture. Even high-FICO borrowers pay spreads exceeding 7% above the federal funds rate. Researchers determined that credit card banks have substantial pricing power, achieved through exceptionally high operating expenses -- about 4-5% of dollar balances annually -- with marketing costs ten times higher than those at other banks.

"Credit card charge-off rates are highly correlated with default rates on banks' other loans as well as on corporate bonds," the researchers said, noting that default risk cannot be diversified away across lending markets, particularly during economic downturns. The study estimated that exposure to aggregate default risk carries a premium of 5.3% per year, which fully explains the relationship between return on assets and credit scores.

Credit cards are ubiquitous in American finance, with 74% of adults owning at least one card, and the payment method accounting for 70% of retail spending. According to the research, 60% of accounts carry balances month-to-month.

Taiwanese authorities have accused 11 Chinese companies, including SMIC, of secretly setting up disguised entities in Taiwan to illegally recruit tech talent from firms like Intel and Microsoft. The Register reports: One of those companies is apparently called Yunhe Zhiwang (Shanghai) Technology Co., Ltd and develops high-end network chips. The Bureau claims its chips are used in China's "Data East, Compute West" strategy that, as we reported when it was announced in 2022, calls for five million racks full of kit to be moved from China's big cities in the east to new datacenters located near renewable energy sources in country's west. Datacenters in China's east will be used for latency-sensitive applications, while heavy lifting takes place in the west. Staff from Intel and Microsoft were apparently lured to work for Yunhe Zhiwang, which disguised its true ownership by working through a Singaporean company.

The Investigation Bureau also alleged that China's largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC), used a Samoan company to establish a presence in Taiwan and then hired local talent. That's a concerning scenario as SMIC is on the USA's "entity list" of organizations felt to represent a national security risk. The US gets tetchy when its friends and allies work with companies on the entity list.

A third Chinese entity, Shenzhen Tongrui Microelectronics Technology, disguised itself so well Taiwan's Ministry of Industry and Information Technology lauded it as an important innovator and growth company. As a result of the Bureau's work, prosecutors' offices in seven Taiwanese cities are now looking into 11 Chinese companies thought to have hidden their ties to Beijing.

California has 11.3% of America's population — but bought 30% of America's new zero-emission vehicles. That's according to figures from the California Air Resources Board, which also reports 1 in 4 Californians have chosen a zero-emission car over a gas-powered one... for the last two years in a row.

But what about chargers? It turns out that California now has 48% more public and "shared" private EV chargers than the number of gasoline nozzles. (California has 178,000 public and "shared" private EV chargers, versus about 120,000 gas nozzles.) And beyond that public network, there's more than 700,000 Level 2 chargers installed in single-family California homes, according to the California Energy Commission.

Of the 178,000 public/"shared" private chargers, "Over 162,000 are Level 2 chargers," according to an announcement from the governor's office, while nearly 17,000 are fast chargers. (A chart shows a 41% jump in 2024 — though the EV news site Electrek notes that of the 73,537 chargers added in 2024, nearly 38,000 are newly installed, while the other 35,554 were already plugged in before 2024 but just recently identified.) California approved a $1.4 billion investment plan in December to expand zero-emission transportation infrastructure. The plan funds projects like the Fast Charge California Project, which has earmarked $55 million of funding to install DC fast chargers at businesses and publicly accessible locations.

The giant financial news site Bloomberg "has been experimenting with using AI to help produce its journalism," reports the New York Times. But "It hasn't always gone smoothly."

While Bloomberg announced on January 15 that it would add three AI-generated bullet points at the top of articles as a summary, "The news outlet has had to correct at least three dozen A.I.-generated summaries of articles published this year." (This Wednesday they published a "hallucinated" date for the start of U.S. auto tariffs, and earlier in March claimed president Trump had imposed tariffs on Canada in 2024, while other errors have included incorrect figures and incorrect attribution.) Bloomberg is not alone in trying A.I. — many news outlets are figuring out how best to embrace the new technology and use it in their reporting and editing. The newspaper chain Gannett uses similar A.I.-generated summaries on its articles, and The Washington Post has a tool called "Ask the Post" that generates answers to questions from published Post articles. And problems have popped up elsewhere. Earlier this month, The Los Angeles Times removed its A.I. tool from an opinion article after the technology described the Ku Klux Klan as something other than a racist organization.

Bloomberg News said in a statement that it publishes thousands of articles each day, and "currently 99 percent of A.I. summaries meet our editorial standards...." The A.I. summaries are "meant to complement our journalism, not replace it," the statement added....

John Micklethwait, Bloomberg's editor in chief, laid out the thinking about the A.I. summaries in a January 10 essay, which was an excerpt from a lecture he had given at City St. George's, University of London. "Customers like it — they can quickly see what any story is about. Journalists are more suspicious," he wrote. "Reporters worry that people will just read the summary rather than their story." But, he acknowledged, "an A.I. summary is only as good as the story it is based on. And getting the stories is where the humans still matter."
A Bloomberg spokeswoman told the Times that the feedback they'd received to the summaries had generally been positive — "and we continue to refine the experience."

Automotive historian Dan Albert loves the "adorable tiny truck" he's driving. It's one of the small Japan-made "kei" pickups and minivans that "make up about a third of car sales in Japan." Americans can legally import older models for less than $10,000, and getting 40 miles per gallon they're "Cheap to buy and run... rugged, practical, no-frills machines — exactly what the American-built pickup truck used to be."

But unfortunately, kei buyers face "bureaucratic roadblocks that states like Massachusetts have erected to keep kei cars and trucks out of the hands of U.S. drivers." Several state departments of motor vehicles (DMVs) have balked at registering the imported machines, saying that they're too unsafe for American streets. Owners have responded with a righteous mix of good humor, lobbying and lawsuits... Kei trucks do not meet the Federal Motor Vehicle Safety Standards, or FMVSS — the highly specific rules US-market new cars must meet. But since 1988, the Imported Vehicle Safety Compliance Act has exempted vehicles that are at least 25 years old from these crash safety standards, allowing drivers to bring over vintage European and Asian market models...

Getting insurance coverage was the next barrier, as the company that had long been underwriting the Albert family's fleet also rejected me, forcing me to seek out a specialty "collector car" insurer. (I did eventually get regular coverage....) Maine, Rhode Island, New York, Pennsylvania, Georgia, Virginia, and Michigan also tightened their rules on registering small Japanese imports in recent years. The culprit, according to the auto enthusiast press, was the American Association of Motor Vehicle Administrators, the trade organization that serves as the lobbying and policy arm of DMVs across North America. Much of AAMVA's work involves integrating the databases of the 69 US and Canadian motor vehicle jurisdictions who are its members, so that a car stolen in one state can't be titled in another... The kei truck's regulatory troubles can be traced to a 2011 AAMVA report, "Best Practices Regarding Registration and Titling of Mini-Trucks," which called for outright bans and encouraged DMVs to lobby state legislatures to outlaw keis entirely.

The Insurance Institute of Highway Safety concurred, telling AAMVA that its recommendation did not go far enough: The IIHS said that keis should join the class of conveyances that the U.S. government calls Low Speed Vehicles, which are mechanically limited to 25 miles per hour or less and should be used only for short local trips on low-speed-limit roads because they can't protect occupants in the event of a collision with a regular vehicle... [But] By 2008, Japan's kei trucks did feature crumple zones and driver airbags in compliance with that country's safety standards...

Despite its name, the Imported Vehicle Safety Compliance Act that lets older cars into the US from overseas isn't really about safety: Car industry lobbyists secured passage of the law to protect dealer profits. Newer keis — which are banned — are safer and cleaner than the 25-year-old ones that can be imported now. (Battery-powered keis debuted in 2009.) But even mine has an airbag, front crumple zone, seatbelt pretensioners, and anti-lock brakes.
The article notes that kie fans have "a distinctly libertarian streak... Some owners I've talked to report forging titles, setting up shell companies in Montana and finding other means of skirting DMV rules."

Thanks to long-time Slashdot reader schwit1 for sharing the article.

A breach of legacy Cerner servers at Oracle Health exposed patient data from multiple U.S. hospitals and healthcare organizations, with threat actors using compromised customer credentials to steal the data before it had been migrated to Oracle Cloud. Despite confirming the breach privately, Oracle Health has yet to publicly acknowledge the incident. BleepingComputer reports: Oracle Health, formerly known as Cerner, is a healthcare software-as-a-service (SaaS) company offering Electronic Health Records (EHR) and business operations systems to hospitals and healthcare organizations. After being acquired by Oracle in 2022, Cerner was merged into Oracle Health, with its systems migrated to Oracle Cloud. In a notice sent to impacted customers and seen by BleepingComputer, Oracle Health said it became aware of a breach of legacy Cerner data migration servers on February 20, 2025.

"We are writing to inform you that, on or around February 20, 2025, we became aware of a cybersecurity event involving unauthorized access to some amount of your Cerner data that was on an old legacy server not yet migrated to the Oracle Cloud," reads a notification sent to impacted Oracle Health customers. Oracle says that the threat actor used compromised customer credentials to breach the servers sometime after January 22, 2025, and copied data to a remote server. This stolen data "may" have included patient information from electronic health records. However, multiple sources told BleepingComputer that it was confirmed that patient data was stolen during the attack.

Oracle Health is also telling hospitals that they will not notify patients directly and that it is their responsibility to determine if the stolen data violates HIPAA laws and whether they are required to send notifications. However, the company says they will help identify impacted individuals and provide templates to help with notifications.

An anonymous reader shares a report: New data recently released by the Environmental Protection Agency indicate that more than 158 million people across the U.S. have drinking water contaminated by toxic "forever chemicals," scientifically known as perfluoroalkyl and polyfluoroalkyl substances (PFAS).

"Drinking water is a major source of PFAS exposure. The sheer number of contaminated sites shows that these chemicals are likely present in most of the U.S. water supply," said David Andrews, deputy director of investigations and a senior scientist at the Environmental Working Group (EWG), a nonprofit advocacy organization, in a recent press release.

An anonymous reader shares a report: Staff at the Federal Trade Commission have been instructed to no longer refer to the agency as "independent" in complaints, according to an email obtained by The Verge.

A Nature survey has found that three-quarters of responding U.S. scientists are considering leaving the nation following disruptions to science under the Trump administration.

Out of 1,608 respondents, 75.3% said they were contemplating leaving the country. Scientists cited concerns over research funding and the general treatment of science as contributing factors for their reasoning. Europe and Canada were mentioned as potential destinations for those looking for opportunities abroad.

theodp writes: "As I prepared for a White House meeting last fall on the nation's electricity needs," begins Microsoft President Brad Smith in The Country Needs More Electricity --And More Electricians, a Fox Business op-ed. "I met with the leaders at Microsoft who are building our AI infrastructure across the country. During our discussion, I asked them to identify the single biggest challenge for data center expansion in the U.S. I expected they would mention slow permitting, delays in bringing more power online or supply chain constraints -- all significant challenges. But instead, they highlighted a national shortage of people. Electricians, to be precise."

Much as Smith has done in the past as he declared crisis-level shortages of Computer Science, cybersecurity, and AI talent, he's calling for the nation's politicians and educators to step up to the plate and deliver students trained to address the data center expansion plans of Microsoft and Big Tech.

"How many new electricians must the U.S. recruit and train over the next decade?" Smith asks. "Probably half a million. [...] The good news is that these are good jobs. The bad news is that we don't have a national strategy to recruit and train the people to fill these jobs. Given the Trump administration's commitment to supporting American workers, American jobs and American innovation, we believe that recruiting and training more electricians should rise to its list of priorities. There are several ways to address this issue, and they deserve consideration. For example, we need to do more as a nation to revitalize the industrial arts and shop classes in American high schools. [...] This should be a priority for local school boards, state governors and appropriate federal support. [..] We must also adopt a broad perspective on where new technology is taking us. The tech sector is most often focused on computer and data science -- people who code. But the future will also be built in critical ways by a new generation of engineers, electricians, plumbers, pipefitters, iron workers, carpenters and other skilled trades.

So, is 'Learn to Wire' the new 'Learn to Code'?

The U.S. has added 80 entities to its export blacklist to prevent China from acquiring advanced American chips for military development, including AI, quantum tech, and hypersonic weapons. The Verge reports: More than 50 of the new entities added to the list are based in China, with others located in Iran, Taiwan, Pakistan, South Africa, and the United Arab Emirates. BIS says the restrictions have been applied to entities that acted "contrary to US national security and foreign policy," and are intended to hinder China's ability to develop high-performance computing capabilities, quantum technologies, advanced artificial intelligence, and hypersonic weapons.

Six of the newly blacklisted entities are subsidiaries of Inspur Group -- China's leading cloud computing service provider and a major customer for US chip makers such as Nvidia, AMD, and Intel -- which BIS alleges had contributed to projects developing supercomputers for the Chinese military. The Beijing Academy of Artificial Intelligence is another addition to the list, which has criticized its inclusion. "American technology should never be used against the American people," said Jeffrey Kessler, Under Secretary of Commerce for Industry and Security. "BIS is sending a clear, resounding message that the Trump administration will work tirelessly to safeguard our national security by preventing U.S. technologies and goods from being misused for high performance computing, hypersonic missiles, military aircraft training, and UAVs that threaten our national security."

An anonymous reader shares a report: After years of decline, the number of applications to the country's two-year MBA programs rebounded in 2024 -- rising 19%, according to a survey by the Graduate Management Admission Council. The pandemic saw a blossoming of new ways to deliver an MBA, but tradition has reasserted itself: The biggest growth last year was in conventional two-year and part-time programs.

As in recent years, the great majority of student demand came from overseas, but applications from the US rose as well. While the two-year class graduating this spring included record levels of international students at many institutions, most of the top 20 schools as ranked by Bloomberg Businessweek welcomed classes last fall with a reduced international presence. Given the Trump administration's hostility to immigration, the graduating class of 2025 could prove to be the high-water mark for international MBA students in the US for at least the near future.

Boeing is seeking to withdraw an earlier agreement to plead guilty in a long-running criminal case that blamed the company for deceiving regulators before two deadly crashes of 737 MAX jets, WSJ is reporting, citing people familiar with the matter. From the report: The aerospace giant is seeking more lenient treatment from the Justice Department, which under the Trump administration is reviewing numerous pending criminal cases that haven't yet gone to trial or been approved by courts. Boeing nearly sealed its fate last year, agreeing in July to plead guilty to defrauding the Federal Aviation Administration. But a federal judge in Texas rejected the proposed deal in December, pushing the resolution beyond the Biden administration.

Now Boeing stands to benefit from fresh eyes at Trump's Justice Department, which is inclined to at least modify parts of the agreement, some of the people said. Allowing Boeing to rescind its plea agreement, or lightening the company's punishment, would mark one of the most prominent examples of the Trump administration's lighter-touch approach to some white-collar enforcement. There were 346 people killed in the two 737 MAX crashes, in 2018 and 2019. The two sides are still negotiating how to propose changes to the deal, expected by April 11, to U.S. District Judge Reed O'Connor, who oversees the case. One possible change under discussion: whether Boeing can forgo hiring an outside monitor to ensure its compliance with the law, the people said.

The Pentagon has canceled its troubled Defense Civilian Human Resources Management System after years of delays and budget overruns, Defense Secretary Pete Hegseth said. The project, launched in 2018 with a one-year timeline and $36 million budget, ultimately ran eight years and exceeded costs by $280 million, reaching 780% over budget. "We're not doing that anymore," Hegseth said in a video announcing the cancellation. Officials have 60 days to develop a new plan to modernize DoD's civilian HR systems. The cuts are part of a broader $580 million spending reduction that includes $360 million in diversity, climate change and COVID-19 grant programs, plus $30 million in consulting contracts with Gartner and McKinsey.

Reuters reported this week that several U.S. national security agencies "have halted work on a coordinated effort to counter Russian sabotage, disinformation and cyberattacks..." The plan was led by the president's National Security Council (NSC) and involved at least seven national security agencies working with European allies to disrupt plots targeting Europe and the United States, seven former officials who participated in the working groups told Reuters... [S]ince Trump took office on January 20 much of the work has come to a standstill, according to eleven current and former officials, all of whom requested anonymity to discuss classified matters... Regular meetings between the National Security Council and European national security officials have gone unscheduled, and the NSC has also stopped formally coordinating efforts across U.S. agencies...

The FBI last month ended an effort to counter interference in U.S. elections by foreign adversaries including Russia and put on leave staff working on the issue at the Department of Homeland Security. The Department of Justice also disbanded a team that seized the assets of Russian oligarchs... Department of Homeland Security Assistant Secretary Tricia McLaughlin told Reuters the agency had placed on administrative leave personnel working on misinformation and disinformation on its election security team, without elaborating further.

"China is considering trying to blunt greater U.S. tariffs and other trade barriers," reports the Wall Street Journal, "by offering to curb the quantity of certain goods exported to the U.S., according to advisers to the Chinese government." Tokyo's adoption of so-called voluntary export restraints, or VERs, to limit its auto shipments to the U.S. in the 1980s helped prevent Washington from imposing higher import duties. A similar move from Beijing, especially in sectors of key concern to Washington, like electric vehicles and batteries, would mitigate criticism from the U.S. and others over China's "economic imbalances": heavily subsidized companies making stuff for slim profits but saturating global markets, to the detriment of other countries' manufacturers...

The Xi leadership has indicated a desire to cut a deal with the Trump administration to head off greater trade attacks... Similar to Japan, the Chinese advisers say, Beijing may also consider negotiating export restraints on EVs and batteries in return for investment opportunities in those sectors in the U.S. In some officials' views, they say, that might be an attractive offer to Trump, who at times has indicated an openness to more Chinese investment in the U.S. even though members of his administration firmly oppose it.
The article notes agreements like this are also hard to enforce, "particularly when Chinese companies export to the U.S. from third countries including Mexico and Vietnam."

"I intend to sue the National Archives," said Joseph diGenova, an 80-year-old former Trump campaign lawyer (and a U.S. Attorney from 1983 to 1988). While releasing 63,000 unredacted pages about the 1963 assassination of President Kennedy, the U.S. government erroneously "made public the Social Security numbers and other sensitive personal information of potentially hundreds of former congressional staffers and other people," reports USA Today. ("It is virtually impossible to tell the scope of the breach because the National Archives put them online without a way to search them by keyword, some JFK files experts and victims of the information release told USA TODAY...")

Mark Zaid, a national security lawyer who represented current and former spies and other officials in cases against the government, told USA Today that he "saw a few names I know and I informed them of the breach... Hundreds were doxxed but of that number I don't know how many are still living." Zaid, who has fought for decades for the JFK records to be made public, said many of the thousands of investigative documents had been made public long ago with everything declassified and unredacted except for the personal information. Releasing that information now, he told USA TODAY, poses significant threats to those whose information is now public, including dates and places of birth, but especially their Social Security numbers. "The purpose of the release was to inform the public about the JFK assassination, not to help permit identity theft of those who actually investigated the events of that day," Zaid said. The Associated Press reported Thursday afternoon that government officials "said they are still screening the records to identify all the Social Security numbers that were released." One of the newly unredacted documents... discloses the Social Security numbers of more than two dozen people seeking security clearances in the 1990s to review JFK-related documents for the Assassination Records Review Board.