×
Medicine

For First Time, US Task Force Recommends Screening Adults For Anxiety Disorders 174

An anonymous reader quotes a report from CNN: Adults ages 19 to 64 in the United States should be screened for anxiety disorders, according to a new recommendation from the US Preventive Services Task Force released Tuesday. The final recommendation, published in the medical journal JAMA, marks the first time the USPSTF has made a final recommendation on screening for anxiety disorders in adults, including those who are pregnant and postpartum. The task force found "insufficient evidence" to screen for anxiety in older adults. The USPSTF, a group of independent medical experts whose recommendations help guide doctors' decisions and influence insurance plans, also continues to recommend that all adults be screened for major depressive disorder, including those who are pregnant or postpartum and older adults. The recommendation is consistent with the task force's 2016 recommendation on depression screenings.

While rates of clinical depression had been rising steadily in the United States, they jumped significantly during the Covid-19 pandemic. In general, about 1 in 6 adults will have depression at some time in their life, according to the US Centers for Disease Control and Prevention. And although depression and anxiety are different conditions, they commonly can happen together -- and such screening recommendations can help clinicians identify which patients may need treatment for both conditions or one versus the other. "Anxiety disorders are common, and they can really impact people's quality of life, and what the task force found is that screening for anxiety disorders in the general adult population can lead to identifying these conditions early and then, if those people who are identified get linked up with appropriate care, they will benefit," said Dr. Michael Silverstein, vice chair of the USPSTF and director of the Hassenfeld Child Health Innovation Institute at Brown University. "So it really is extremely good news for the delivery of preventive services for the American public," he said. "We also found that in the older adult population, which is defined as age 65 and older, that the task force really needs more evidence to weigh the risks and benefits of screening for anxiety disorders. And for that older adult population, we're calling for urgent new research."

USPSTF researchers noted in their anxiety screening recommendation statement that most people with anxiety disorders don't receive treatment within the first year of symptoms, if ever -- showing a need for more robust screening. "Only 11% of US adults with an anxiety disorder started treatment within the first year of onset; the median time to treatment initiation was 23 years," the researchers wrote. "A US study of 965 primary care patients found that only 41% of patients with an anxiety disorder were receiving treatment for their disorder." Once the new screening recommendations are practiced in the real world, the results may reveal that anxiety disorders are much more prevalent than previously thought, said Dr. Georges Benjamin, executive director of the American Public Health Association, who was not involved in the recommendation statements.
"Anxiety has been way under the radar for a long time, and so I think it's good that they are recommending for the broad population to be screened. When we start screening for anxiety, we're going to find a lot more of it than we thought we had," he said.

"I think it's an opportunity for us to get our hands around this crisis before we have a mental health emergency," Benjamin added. "So we definitely have to do more. We know as a nation, we have under-invested in mental health. We have not put as much money into mental health. We have not been treating mental health at the same level as physical health. And we know that people who need mental health services are really struggling to find providers to care for them."
Power

Texas Power Use To Break Records In Heat Wave, Prices Soar To $2,500 Per Megawatt Hour (reuters.com) 203

The Texas power grid operator, ERCOT, has urged residents and businesses to conserve electricity as the first heat wave of the summer increases air conditioner usage, causing power reserves to potentially fall short. Power prices in the state's day-ahead market reached over $2,500 per MWh, and ERCOT issued a warning about a projected reserve capacity shortage, although controlled outages are not currently necessary. Reuters reports: ERCOT operates the grid for more than 26 million customers representing about 90% of the state's power load. The grid operator issued a "Watch" for what it called a "projected reserve capacity shortage with no market solution available for Tuesday" from 3 p.m. to 9 p.m. local time, which could push ERCOT to take more actions to maintain reliability. Although controlled outages are one of the most extreme actions a grid operator could take to maintain reliability, ERCOT said "controlled outages are not needed at this time."

ERCOT forecast power use would reach 81,348 megawatts (MW) on Tuesday before slipping to 80,991 MW on Wednesday. Tuesday's high, which is a little below a forecast earlier in the day, would still top the grid's current record peak of 80,148 MW on July 20, 2022. Day-ahead power prices for Tuesday settled around $2,500 per MWh at 5 p.m. local time in several zones, including Houston and Dallas, according to the ERCOT website. That compares with next-day prices at the ERCOT North Hub , which includes Dallas, that traded for $37 per MWh for the peak hours during the day on Monday, the U.S. Juneteenth holiday.

KDE

KDE Plasma 6 Is Now 'Fairly Livable' (phoronix.com) 33

Prominent KDE developer Nate Graham believes that Plasma 6 is now "fairly livable" and recommends KDE developers and power users / enthusiasts start giving it a try. Phoronix reports: He characterized Plasma 6 as: "Basically everything in Plasma compiles with Qt 6, and at this point Plasma 6 is fairly livable. To give you a sense of how livable, it's good enough that over the past 2 months, I've gone on three KDE-related trips from the USA to Europe, with my only computer running Plasma 6 in "current git master" state, with work-in-progress merge requests applied! Its stability has been good enough that this has caused me no apprehension, and indeed, it's been totally fine on each trip. So seriously, if you're a KDE developer or an adventurous user, start living on Plasma 6! Jump right in, the water's fine. :)"

He went on to write more about the current development activities around Plasma 6. He also shared his personal beliefs around Plasma 6.0 release timing although no official release schedule is yet to be determined. Nate's belief is that Plasma 6.0 will likely be ready for release sometime between December and March.

United States

'Plan To Save Downtown San Francisco From Doom Loop Approved by Lawmakers' (sfstandard.com) 233

An anonymous reader shared this report from the nonprofit journalism site, the San Francisco Standard: The San Francisco Board of Supervisors on Tuesday approved legislation that aims to shore up the city's beleaguered Downtown by filling empty storefronts and expediting the conversion of underused office buildings into housing. The bill is a major component of Mayor London Breed's recovery agenda. Co-sponsored by Board President Aaron Peskin, it amends the city's planning code to expand residential uses and Downtown office conversions. It also streamlines the review of certain projects, among other changes...

Even with speedier project approvals, converting San Francisco office buildings to housing remains a costly endeavor; few developers have explored the option to date. At an April 3 hearing of the board's Land Use Committee, lawmakers outlined the need for multiple reforms to make conversions economically feasible; Supervisor Dean Preston voiced concerns that even those reforms would not accommodate low-income housing. Many say San Francisco's Downtown is currently caught in a "doom loop" driven by economic knock-on effects of the pandemic, including an office vacancy rate approaching 30% and trophy office towers changing hands at deep discounts...

The bill passed Tuesday is one of several legislative efforts to aid Downtown and the city's overall economy. Initiatives have included legislation to delay tax increases for retail, food service and other businesses hit hard by the pandemic, an "Office Attraction Tax Credit" for new companies opening in the city and a program called "Vacant to Vibrant," which provides grants to businesses which open "pop-up" shops and art spaces in Downtown's empty storefronts.

Earth

North America's Weather Turns Weird, Wild, and Extreme. Here's Why (msn.com) 124

An anonymous reader shared this report from the Washington Post: An outbreak of severe storms, including deadly tornadoes, hail bigger than DVDs and life-threatening flooding, has ravaged the South, coming amid a month of wild weather across North America. Texas is baking beneath heat indexes as high as 120 degrees, the coasts are cool and mostly calm and Canadian wildfire smoke is suffocating much of the northern U.S.

If it seems the weather has been a little bit "off" since the calendar flipped to June, you're not imagining it — things have been downright weird. It's all linked to a bizarre jet stream pattern, which is displacing air masses from their typical positions and disrupting the movement of weather systems across the continent.

Among other things, the jet stream created a sprawling heat dome in Canada which "helped sap the landscape of moisture, leaving it ripe to burn," the article points out.

"Meanwhile in the southern U.S., the roaring southern branch of the jet stream has been energizing storms. That's brewed back-to-back rounds of severe weather, complete with strong winds, tornadoes and 'gargantuan' hail — and the pattern doesn't look to budge soon." [El Niño] historically, has been linked to split-flow jet stream patterns like the one driving wild weather across parts of the Lower 48. Natural variability, a.k.a. randomness, is also a big player, but it stands to reason that the two factors, overlapping together, are in large part culpable for what we've been facing.

Some scientific research also suggests human-caused climate change may increase the chances of slow, wonky jet stream patterns such as the one being observed this summer. The idea is that the disproportionate warming of the high latitudes is reducing the temperature contrast between the north and south, weakening the jet stream and thus causing it to take bigger dips and meander more. It remains a controversial idea.

Communications

Dish Says It Met Its FCC Deadline To Cover 70 Percent of the US Population 13

According to Dish, the company says it now covers 70 percent of the U.S. population and has "also satisfied all other June 14, 2023 FCC commitments." The Verge reports: In meeting this FCC milestone, Dish says it has deployed over 15,000 5G cell sites and would like to remind us that it's still the first wireless provider in the country to launch voice calling over 5G, known as VoNR -- Voice over New Radio. This is all well and good, but Dish's wireless service still doesn't look quite the same as AT&T's or Verizon's. The network itself is very much still in beta testing under its Project Genesis program, which requires you to purchase a new phone specially equipped to use new network features like three-carrier aggregation. The network is available to Boost customers in supported markets, but they need to use a phone that supports band 70 to access Dish's 5G -- and those are still uncommon.
Encryption

The US Navy, NATO, and NASA Are Using a Shady Chinese Company's Encryption Chips (wired.com) 45

New submitter ole_timer shares a report from Wired: TikTok to Huawei routers to DJI drones, rising tensions between China and the US have made Americans -- and the US government -- increasingly wary of Chinese-owned technologies. But thanks to the complexity of the hardware supply chain, encryption chips sold by the subsidiary of a company specifically flagged in warnings from the US Department of Commerce for its ties to the Chinese military have found their way into the storage hardware of military and intelligence networks across the West. In July of 2021, the Commerce Department's Bureau of Industry and Security added the Hangzhou, China-based encryption chip manufacturer Hualan Microelectronics, also known as Sage Microelectronics, to its so-called "Entity List," a vaguely named trade restrictions list that highlights companies "acting contrary to the foreign policy interests of the United States." Specifically, the bureau noted that Hualan had been added to the list for "acquiring and ... attempting to acquire US-origin items in support of military modernization for [China's] People's Liberation Army."

Yet nearly two years later, Hualan -- and in particular its subsidiary known as Initio, a company originally headquartered in Taiwan that it acquired in 2016 -- still supplies encryption microcontroller chips to Western manufacturers of encrypted hard drives, including several that list as customers on their websites Western governments' aerospace, military, and intelligence agencies: NASA, NATO, and the US and UK militaries. Federal procurement records show that US government agencies from the Federal Aviation Administration to the Drug Enforcement Administration to the US Navy have bought encrypted hard drives that use the chips, too. The disconnect between the Commerce Department's warnings and Western government customers means that chips sold by Hualan's subsidiary have ended up deep inside sensitive Western information networks, perhaps due to the ambiguity of their Initio branding and its Taiwanese origin prior to 2016. The chip vendor's Chinese ownership has raised fears among security researchers and China-focused national security analysts that they could have a hidden backdoor that would allow China's government to stealthily decrypt Western agencies' secrets. And while no such backdoor has been found, security researchers warn that if one did exist, it would be virtually impossible to detect it.

"If a company is on the Entity List with a specific warning like this one, it's because the US government says this company is actively supporting another country's military development," says Dakota Cary, a China-focused research fellow at the Atlantic Council, a Washington, DC-based think tank. "It's saying you should not be purchasing from them, not just because the money you're spending is going to a company that will use those proceeds in the furtherance of another country's military objectives, but because you can't trust the product." [...] The mere fact that so many Western government agencies are buying products that include chips sold by the subsidiary of a company on the Commerce Department's trade restrictions list points to the complexities of navigating the computing hardware supply chain, says the Atlantic Council's Cary. "At minimum, it's a real oversight. Organizations that should be prioritizing this level of security are apparently not able to do so, or are making mistakes that have allowed for these products to get into their environments," he says. "It seems very significant. And it's probably not a one-off mistake."

Businesses

iPhone Maker Foxconn To Switch To Cars As US-China Ties Sour (bbc.com) 42

An anonymous reader quotes a report from the BBC: iPhone maker Foxconn is betting big on electric cars and redrawing some of its supply chains as it navigates a new era of icy Washington-Beijing relations. In an exclusive interview, chairman and boss Young Liu told the BBC what the future may hold for the Taiwanese firm. He said even as Foxconn shifts some supply chains away from China, electric vehicles (EVs) are what will drive its growth in the coming decades. As US-China tensions soar, Mr Liu said, Foxconn must prepare for the worst.

"We hope peace and stability will be something the leaders of these two countries will keep in mind," 67-year-old Mr Liu told us, in his offices in Taipei, Taiwan's capital. "But as a business, as a CEO, I have to think about what if the worst case happens?" The scenarios could include attempts by Beijing to blockade Taiwan, which it claims as part of China, or worse, to invade the self-ruled island. Mr Liu said "business continuity planning" was already under way, and pointed out that some production lines, particularly those linked to "national security products" were already being moved from China to Mexico and Vietnam. He was likely to be referring to servers Foxconn makes that are used in data centers, and can contain sensitive information. [...]

Foxconn's hopes to capture about 5% of the global electric vehicle market in the next few years -- an ambitious target given the firm has only made a handful of models so far. But it is a gamble that Mr Liu is confident will pay off. "It doesn't make sense for you to make [EVs] in one place, so regionalized production for cars is very natural," he added. Foxconn car factories will be based in Ohio in the US, in Thailand, Indonesia and perhaps even in India, he said. For now, the company will keep focusing on what it does best -- making electronic products for clients. But perhaps not too far in the future, Foxconn will do the same for clients with electric cars. Either way, with the foray into electric cars, Foxconn is diversifying not just production but also supply lines -- both of which, Mr Liu believes, hold the key to the company's future.

Security

Millions of Americans' Personal Data Exposed in Global Hack (cnn.com) 17

Millions of people in Louisiana and Oregon have had their data compromised in the sprawling cyberattack that has also hit the US federal government, state agencies said late Thursday. From a report: The breach has affected 3.5 million Oregonians with driver's licenses or state ID cards, and anyone with that documentation in Louisiana, authorities said. The Louisiana governor's office did not put a number on the number of victims but over 3 million Louisianians hold driver's licenses, according to public data. The states did not blame anyone in particular for the hack, but federal officials have attributed a broader hacking campaign using the same software vulnerability to a Russian ransomware gang. The sweeping hack has likely exposed data at hundreds of organizations across the globe and also compromised multiple US federal agencies, including the Department of Energy, as well as data from major corporations in Britain like the BBC and British Airways. The Russian-speaking hackers that claimed credit are known to demand multimillion-dollar ransoms, though US and state governments say they have not received any demands.
United States

$930 Million in Grants Announced in Biden's Effort To Expand Internet Access (apnews.com) 58

The massive federal effort to expand internet access to every home in the U.S. took a major step forward on Friday with the announcement of $930 million in grants to shore up connections in remote parts of Alaska, rural Texas and dozens of other places where significant gaps in connectivity persist. From a report: The so-called middle mile grants, announced by the Department of Commerce, are meant to create large-scale networks that will enable retail broadband providers to link subscribers to the internet. Department officials likened the role of the middle mile -- the midsection of the infrastructure necessary to enable internet access, composed of high-capacity fiber lines carrying huge amounts of data at very high speeds -- to how the interstate highway system forged connections between communities. "These networks are the workhorses carrying large amounts of data over very long distances," said Mitch Landrieu, the White House's infrastructure coordinator, in a media Zoom call. "They're the ones that are bridging the gap between the larger networks and the last mile connections, from tribal lands to underserved rural and remote areas to essential institutions like hospitals, schools, libraries and major businesses."
Security

US Government Agencies Hit In Global Cyberattack (cnn.com) 19

An anonymous reader quotes a report from CNN: Several US federal government agencies have been hit in a global cyberattack that exploits a vulnerability in widely used software, according to a top US cybersecurity agency. The US Cybersecurity and Infrastructure Security Agency "is providing support to several federal agencies that have experienced intrusions affecting their MOVEit applications," Eric Goldstein, the agency's executive assistant director for cybersecurity, said in a statement on Thursday to CNN, referring to the software impacted. "We are working urgently to understand impacts and ensure timely remediation." It was not immediately clear if the hackers responsible for breaching the federal agencies were a Russian-speaking ransomware group that has claimed credit for numerous other victims in the hacking campaign.

Agencies were much quicker Thursday to deny they'd been affected by the hacking than to confirm they were. The Transportation Security Administration and the State Department said they were not victims of the hack. CISA Director Jen Easterly told MSNBC on Thursday that she was "confident" that there will not be "significant impacts" to federal agencies from the hacks because of the government's defensive improvements. But the news adds to a growing tally of victims of a sprawling hacking campaign that began two weeks ago and has hit major US universities and state governments. The hacking spree mounts pressure on federal officials who have pledged to put a dent in the scourge of ransomware attacks that have hobbled schools, hospitals and local governments across the US.

The new hacking campaign shows the widespread impact that a single software flaw can have if exploited by skilled criminals. The hackers -- a well-known group whose favored malware emerged in 2019 -- in late May began exploiting a new flaw in a widely used file-transfer software known as MOVEit, appearing to target as many exposed organizations as they could. The opportunistic nature of the hack left a broad swath of organizations vulnerable to extortion. Progress, the US firm that owns the MOVEit software, has also urged victims to update their software packages and has issued security advice.

AI

Bipartisan Bill Denies Section 230 Protection for AI (axios.com) 34

Sens. Josh Hawley and Richard Blumenthal want to clarify that the internet's bedrock liability law does not apply to generative AI, per a new bill introduced Wednesday. From a report: Legal experts and lawmakers have questioned whether AI-created works would qualify for legal immunity under Section 230 of the Communications Decency Act, the law that largely shields platforms from lawsuits over third-party content. It's a newly urgent issue thanks to the explosive of generative AI. The new bipartisan bill bolsters the argument that Section 230 doesn't cover AI-generated work. It also gives lawmakers an opening to go after Section 230 after vowing to amend it, without much success, for years.

Section 230 is often credited as the law that allowed the internet to flourish and for social media to take off, as well as websites hosting travel listings and restaurant reviews. To its detractors, it goes too far and is not fit for today's web, allowing social media companies to leave too much harmful content up online. Hawley and Blumenthal's "No Section 230 Immunity for AI Act" would amend Section 230 "by adding a clause that strips immunity from AI companies in civil claims or criminal prosecutions involving the use or provision of generative AI," per a description of the bill from Hawley's office.

United States

Fed Pauses Rate Hikes But Signals More Tightening To Come (bloomberg.com) 79

Federal Reserve officials paused on Wednesday following 15 months of interest-rate hikes but signaled they would likely resume tightening to cool inflation, projecting more increases than economists and investors expected. From a report: "Holding the target range steady at this meeting allows the committee to assess additional information and its implications for monetary policy," the Federal Open Market Committee said in a statement released in Washington Wednesday. Policymakers also adjusted the language in their post-meeting statement, referring to how they would determine "the extent of additional policy firming that may be appropriate," rather than "the extent to which additional policy firming may be appropriate."

The decision left the benchmark federal funds rate in a target range of 5% to 5.25%. Fresh quarterly Fed forecasts showed borrowing costs rising to 5.6% by year end, according to the median projection, compared with 5.1% in the previous round of projections. The FOMC vote was unanimous. Of the 18 policymakers, 12 penciled in rates at or above the median range of 5.5% to 5.75%, showing most policymakers agree further tightening is needed to contain price pressures.

Government

Microsoft Is Bringing OpenAI's GPT-4 AI Model To US Government Agencies (bloomberg.com) 8

Microsoft will make it possible for users of its Azure Government cloud computing service, which include a variety of US agencies, to access artificial intelligence models from ChatGPT creator OpenAI. From a report: Microsoft, which is the largest investor in OpenAI and uses its technology to power its Bing chatbot, plans to announce Wednesday that Azure Government customers can now use two of OpenAI's large language models: The startup's latest and most powerful model, GPT-4, and an earlier one, GPT-3, via Microsoft's Azure OpenAI service.

The Redmond, Washington-based company plans Wednesday to release a blog post, viewed by Bloomberg, about the program, although its doesn't name specific US agencies expected to use the large language models at launch. The Defense Department, the Energy Department and NASA are among the federal government customers of Azure Government. The Defense Technical Information Center -- a part of the Defense Department that focuses on gathering and sharing military research -- will be experimenting with the OpenAI models through Microsoft's new offering, a DTIC official confirmed.

Patents

US Patent Office Proposes Rule To Make It Much Harder To Kill Bad Patents (techdirt.com) 110

An anonymous reader quotes a report from Techdirt: So, this is bad. Over the last few years, we've written plenty about the so-called "inter partes review" or "IPR" that came into being about a decade ago as part of the "America Invents Act," which was the first major change to the patent system in decades. For much of the first decade of the 2000s, patent trolls were running wild and creating a massive tax on innovation. There were so many stories of people (mostly lawyers) getting vague and broad patents that they never had any intention of commercializing, then waiting for someone to come along and build something actually useful and innovative... and then shaking them down with the threat of patent litigation. The IPR process, while not perfect, was at least an important tool in pushing back on some of the worst of the worst patents. In its most basic form, the IPR process allows nearly anyone to challenge a bad patent and have the special Patent Trial and Appeal Board (PTAB) review the patent to determine if it should have been granted in the first place. Given that a bad patent can completely stifle innovation for decades this seems like the very least that the Patent Office should offer to try to get rid of innovation-killing bad patents.

However, patent trolls absolutely loathe the IPR process for fairly obvious reasons. It kills their terrible patents. The entire IPR process has been challenged over and over again and (thankfully) the Supreme Court said that it's perfectly fine for the Patent Office to review granted patents to see if they made a mistake. But, of course, that never stops the patent trolls. They've complained to Congress. And, now, it seems that the Patent Office itself is trying to help them out. Recently, the USPTO announced a possible change to the IPR process that would basically lead to limiting who can actually challenge bad patents, and which patents could be challenged.

The wording of the proposed changes seems to be written in a manner to be as confusing as possible. But there are a few different elements to the proposal. One part would limit who can bring challenges to patents under the IPR system, utilizing the power of the director to do a "discretionary denial." For example, it would say that "certain for-profit entities" are not allowed to bring challenges. Why? That's not clear. [...] But the more worrisome change is this one: "Recognizing the important role the USPTO plays in encouraging and protecting innovation by individual inventors, startups, and under-resourced innovators who are working to bring their ideas to market, the Office is considering limiting the impact of AIA post-grant proceedings on such entities by denying institution when certain conditions are met." Basically, if a patent holder is designated as an "individual inventor, startup" or "under-resourced innovator" then their patents are protected from the IPR process. But, as anyone studying this space well knows, patent trolls often present themselves as all three of those things (even though it's quite frequently not at all true). [...] And, again, none of this should matter. A bad patent is a bad patent. Why should the USPTO create different rules that protect bad patents? If the patent is legit, it will survive the IPR process.
The Electronic Frontier Foundation issued a response to the proposed changes: "The U.S. Patent Office has proposed new rules about who can challenge wrongly granted patents. If the rules become official, they will offer new protections to patent trolls. Challenging patents will become far more onerous, and impossible for some. The new rules could stop organizations like EFF, which used this process to fight the Personal Audio 'podcasting patent,' from filing patent challenges altogether."

The digital rights group added: "If these rules were in force, it's not clear that EFF would have been able to protect the podcasting community by fighting, and ultimately winning, a patent challenge against Personal Audio LLC. Personal Audio claimed to be an inventor-owned company that was ready to charge patent royalties against podcasters large and small. EFF crowd-funded a patent challenge and took out the Personal Audio patent after a 5-year legal battle (that included a full IPR process and multiple appeals)."
China

US To Allow South Korean, Taiwan Chip Makers To Keep Operations In China (msn.com) 27

According to the Wall Street Journal, the Biden administration is expected to allow leading semiconductor manufacturers from South Korea and Taiwan to continue and expand their chipmaking operations in China. From a report: Alan Estevez, undersecretary of commerce for industry and security, announced the decision at an industry gathering last week. The exemptions, initially granted for one year in October last year, were provided to several companies, including South Korea's Samsung Electronics and Taiwan Semiconductor Manufacturing, who have invested billions in building plants in China.

The decision to extend the exemptions reflects the challenges faced by U.S. authorities in isolating China from high-tech goods in a highly integrated global industry. The U.S. has been trying to keep advanced chips out of Chinese hands by limiting exports not only from American manufacturers but also those made by allies. However, U.S. and foreign chip makers have resisted these efforts, and governments in Asia and Europe have also pushed back. The most vocal criticism has come from South Korea, whose largest export market is China.
Further reading: Ex-Samsung Executive Accused of Stealing Secrets for China Chip Factory
Microsoft

FTC To File Injunction Seeking To Block Microsoft's Acquisition of Activision Blizzard (cnbc.com) 28

The Federal Trade Commission is set to file for an injunction on Monday seeking to block Microsoft's proposed acquisition of Activision Blizzard, CNBC reported Monday, citing a person familiar with the matter. From the report: By filing for an injunction, the FTC is seeking to stop the acquisition from going through before the deal's July 18 deadline.
United States

The US Is Building Factories At a Wildly Fast Rate (businessinsider.com) 98

Factory construction in the United States has experienced significant growth, with construction spending by manufacturers more than doubling over the past year. Insider reports: For April 2023, the annual rate reached nearly $190 billion compared with $90 billion in June 2022, with manufacturing accounting for around 13% of non-government construction. [...] Factories are being constructed everywhere from deserts to resort towns as the US tries to bring back manufacturing of goods commonly imported from lower-cost countries. Many battery and electric vehicle factories have popped up in the Rust Belt, while solar panel and renewable energy factories now span much of the South and Southeast. The US has added around 800,000 jobs in manufacturing employment over the last two years, employing around 13 million workers per the May Bureau of Labor Statistics jobs report (PDF). However, according to the National Association of Manufacturers, the manufacturing skills gap -- caused by the labor market's struggle to find workers with highly technical and manual expertise -- could lead to 2.1 million unfilled jobs by 2030.

Manufacturing, though, has accelerated its move back to the US from other countries over the past year. According to Kearney's 2022 Reshoring Index, 96% of American companies have shifted production to the US or are evaluating reshoring operations -- a spike from 78% in the 2021 index. The sudden rise in factory construction corresponds with passage of the CHIPS and Science Act in July 2022, which provided $280 billion in funding to boost manufacturing of semiconductors, as well as the Inflation Reduction Act in August 2022. The IRA has sought to create new jobs in manufacturing, construction, and renewable energy, estimated to create up to 1.5 million jobs by 2030. Construction spending in most areas of the US economy has fallen in contrast, including office, health care, and educational construction. Residential construction has also declined amid a big cooldown from the pandemic housing market boom. Census Bureau data reveals manufacturing construction spending has escalated from January 2020 until April 2023 in every region except New England and the Mid Atlantic.

AI

Congress To Consider Two New Bills On AI (reuters.com) 13

An anonymous reader quotes a report from Reuters: U.S. senators on Thursday introduced two separate bipartisan artificial intelligence bills on Thursday amid growing interest in addressing issues surrounding the technology. One would require the U.S. government to be transparent when using AI to interact with people and another would establish an office to determine if the United States is remaining competitive in the latest technologies. Senators Gary Peters, a Democrat who chairs the Homeland Security committee, introduced a bill along with Senators Mike Braun and James Lankford, both Republicans, which would require U.S. government agencies to tell people when the agency is using AI to interact with them. The bill also requires agencies to create a way for people to appeal any decisions made by AI.

"The federal government needs to be proactive and transparent with AI utilization and ensure that decisions aren't being made without humans in the driver's seat," said Braun in a statement. Senators Michael Bennet and Mark Warner, both Democrats, introduced a measure along with Republican Senator Todd Young that would establish an Office of Global Competition Analysis that would seek to ensure that the United States stayed in the front of the pack in developing artificial intelligence. "We cannot afford to lose our competitive edge in strategic technologies like semiconductors, quantum computing, and artificial intelligence to competitors like China," Bennet said.

Earlier this week, Senate Majority Leader Chuck Schumer said he had scheduled three briefings for senators on artificial intelligence, including the first classified briefing on the topic so lawmakers can be educated on the issue. The briefings include a general overview on AI, examining how to achieve American leadership on AI and a classified session on defense and intelligence issues and implications.
Further reading: Ask Slashdot: What Are Some Good AI Regulations?
Bitcoin

Binance.US To Halt Dollar Deposits After SEC Crackdown (reuters.com) 6

Binance.US, the U.S. affiliate of cryptocurrency exchange Binance, announced that it would halt dollar deposits and urged customers to withdraw their funds by Tuesday following a request from the U.S. Securities and Exchange Commission (SEC) to freeze its assets. Reuters reports: Binance.US, the purportedly independent partner of Binance, said in a tweet on Thursday that its banking partners were preparing to stop dollar withdrawal channels as early as June 13. The SEC sued Binance, its CEO and founder Changpeng Zhao, and Binance.US's operator on Monday, in a dramatic escalation of a crackdown on the industry by U.S. regulators. The SEC sued major U.S. exchange Coinbase a day later.

Binance.US said in the tweeted customer notice that it would no longer accept dollar deposits as part of plans to change to a "crypto-only exchange". It called the SEC's civil charges "unjustified" and said it would "vigorously defend" itself. The SEC alleged in 13 charges on Monday that Binance had in a "web of deception" artificially inflated trading volumes and diverted customer funds, as well as failing to restrict U.S. customers from its platform. The SEC on Tuesday asked a federal court to freeze Binance's U.S. assets. Binance.US called the motion "unwarranted", saying it had addressed SEC concerns over the safety of customer assets.

The SEC said it had not received "sufficient reassurance" that Binance.US's customer assets were controlled by its operator, BAM Trading, "rather than under the control or influence of Binance or Zhao, a person who has openly expressed his desire to avoid compliance with U.S. law." Zhao and Binance had "free reign" to handle Binance.US assets, the SEC said. "They have exercised this control over U.S. investor assets with no oversight or controls to ensure that those assets are properly secured," it added. . It has said it would "defend our platform vigorously," saying the SEC was limited in reach as Binance was not a U.S. exchange. Binance.US's customer assets total more than $2.2 billion held in crypto and some $377 million in U.S. dollar bank accounts, the SEC said.

Slashdot Top Deals