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Medicine

Canada Will Legalize Medically Assisted Dying For People Addicted To Drugs 265

An anonymous reader quotes a report from VICE News: Canada will legalize medically assisted dying for people who are addicted to drugs next spring, in a move some drug users and activists are calling "eugenics." The country's medical assistance in dying (MAID) law, which first came into effect in 2016, will be expanded next March to give access to people whose sole medical condition is mental illness, which can include substance use disorders. Before the changes take place, however, a special parliamentary committee on MAID will regroup to scrutinize the rollout of the new regulations, according to the Toronto Star.

Currently, people are eligible for MAID if they have a "grievous and irremediable medical condition", such as a serious illness or disability, that has put them in an advanced state of irreversible decline and caused enduring physical or psychological suffering -- excluding mental illness. Anyone who receives MAID must also go through two assessments from independent health care providers, among meeting other criteria. [...] As Canada prepares to legalize MAID for people with mental disorders, each province will have to develop its own protocol for how to assess people. Dr. Simon Colgan, lead physician for the Community Allied Mobile Palliative Partnership which provides palliative care to homeless people, said MAID requests "must be understood within the context of a person's lived experience and this takes time and relationship." He said any MAID protocols for people with substance use disorders should be made with the input of people with lived experiences.
"I don't think it's fair, and the government doesn't think it's fair, to exclude people from eligibility because their medical disorder or their suffering is related to a mental illness," said Dr. David Martell, physician lead for Addictions Medicine at Nova Scotia Health. "As a subset of that, it's not fair to exclude people from eligibility purely because their mental disorder might either partly or in full be a substance use disorder. It has to do with treating people equally."

On the flip side, some drug users and harm reduction advocates say they're upset drug users are being given access to MAID, as they feel other public health measures are lacking. "I just think that MAID when it has entered the area around mental health and substance use is really rooted in eugenics. And there are people who are really struggling around substance use and people do not actually get the kind of support and help they need," said Zoe Dodd, a Toronto-based harm reduction advocate.

Karen Ward, a drug user activist in Vancouver, said she considers the expansion of MAID to include people with substance use disorders a "statement in federal law that some people aren't really human." "The government has made death accessible while a better life remains impossible," she said. "Homes for all, guaranteed dignified incomes, access to healthcare, education and employment: these aren't radical demands."
Education

Code.org Presses Washington To Make Computer Science a High School Graduation Requirement 95

theodp writes: In July, Seattle-based and tech-backed nonprofit Code.org announced its 10th policy recommendation for all states "to require all students to take computer science (CS) to earn a high school diploma." In August, Washington State Senator Lisa Wellman phoned-in her plans to introduce a bill to make computer science a Washington high school graduation requirement to the state's Board of Education, indicating that the ChatGPT-sparked AI craze and Code.org had helped convince her of the need. Wellman, a former teacher who worked as a Programmer/System Analyst in the 80's before becoming an Apple VP (Publishing) in the '90s, also indicated that exposure to CS given to students in fifth grade could be sufficient to satisfy a HS CS requirement. In 2019, Wellman sponsored Microsoft-supported SB 5088 (Bill details), which required all Washington state public high schools to offer a CS class. Wellman also sponsored SB 5299 in 2021, which allows high school students to take a computer science elective in place of a third year math or science course (that may be required for college admission) to count towards graduation requirements.

And in October, Code.org CEO Hadi Partovi appeared before the Washington State Board of Education, driving home points Senator Wellman made in August with a deck containing slides calling for Washington to "require that all students take computer science to earn a high school diploma" and to "require computer science within all teacher certifications." Like Wellman, Partovi suggested the CS high school requirement might be satisfied by middle school work (he alternatively suggested one year of foreign language could be dropped to accommodate a HS CS course). Partovi noted that Washington contained some of the biggest promoters of K-12 CS in Microsoft Philanthropies' TEALS (TEALS founder Kevin Wang is a member of the Washington State Board of Education) and Code.org, as well some of the biggest funders of K-12 CS in Amazon and Microsoft -- both which are $3,000,000+ Platinum Supporters of Code.org and have top execs on Code.org's Board of Directors.
News

Julian Assange To Be Made Honorary Citizen of Rome (reuters.com) 97

Jailed WikiLeaks founder Julian Assange will become an honorary citizen of Rome by early next year following a vote this week by its local assembly, the city's former mayor Virginia Raggi said on Thursday. Reuters reports: Assange, 52, has been in London's high-security Belmarsh prison since 2019 and is wanted in the United States over the release of confidential U.S. military records and diplomatic cables in 2010. His supporters see his prosecution as a politically motivated assault on journalism and free speech. Washington says the release of secret documents put lives in danger.

The motion to make him a citizen of the Eternal City was spearheaded by Raggi, from the left-leaning Five Star Movement, and won cross-party support. "Assange is a symbol of free speech which is essential for any genuine democracy," Raggi, who ran Rome's city hall between 2016 and 2021, told Reuters. "He has been deprived of his own liberty for years, in awful conditions, for doing his job as a journalist," she said.

The motion was approved on Tuesday, kick-starting a process that Raggi said she hoped could be completed by Christmas but may take slightly longer. Other Italian cities have taken similar steps. The northern city of Reggio Emilia granted Assange citizenship last month, while Naples is set to follow shortly.
Further reading: Australian MPs To Lobby US To Drop Julian Assange Prosecution or Risk 'Very Dangerous' Precedent for Russia and China
Privacy

CFPB Moves To Bar Financial Firms From 'Hoarding' a Consumer's Data (politico.com) 9

An anonymous reader quotes a report from Politico: The Consumer Financial Protection Bureau on Thursday released a landmark proposal restricting how financial institutions handle consumer data. [...] The proposed rule -- which faces months of feedback and lobbying from industry and consumer groups before it's approved -- would bar financial firms from "hoarding" a consumer's data, the agency said. It would require companies to share information, at a customer's request, with other businesses offering competing products and prevent them from charging for it.

Banks would be required to make personal financial data available to consumers free of charge, and companies that access a person's data would not be able to use it for targeted advertising. Access to a person's data would have to be reauthorized annually, and consumers would have the right to revoke access at any time. The proposal, which implements Section 1033 of the 2010 Dodd-Frank law, also "seeks to move the market away from risky data collection practices" such as screen scraping, the CFPB said.
"It is often really daunting for a consumer to switch banks, in part because it's difficult to take their financial transaction history data to a new bank," White House National Economic Council Director Lael Brainard said on a call with reporters. "Today's rule will help ensure financial companies compete based on service quality and pricing."
Sci-Fi

US Is Receiving Dozens of UFO Reports a Month, Pentagon Official Says (cnn.com) 59

The U.S. government is receiving dozens of reports of unidentified anomalous phenomena (UAP) each month. "The office has received approximately 800 reports of unidentified objects to investigate as of this past April, up from 650 reports in August 2022, Sean Kirkpatrick, who heads the All-domain Anomaly Resolution Office at the Pentagon told CNN." From the report: The vast majority are benign objects, such as balloons or drones, but some may be the result of America's adversaries trying to spy on the US, said Kirkpatrick. "There are some indicators that are concerning that may be attributed to foreign activity, and we are investigating those very hard," said Kirkpatrick, speaking exclusively to CNN ahead of the release of the annual report on unidentified aerial phenomena.

A portion of the increase in reports comes from the Federal Aviation Administration, which monitors airspace around US airports starting to provide information to the Pentagon. About half of the reports contain enough data that they can be ruled out as "mundane things," such as errant balloons or floating trash, Kirkpatrick said, but 2-4% are truly anomalous and require further investigation.

Asked if the Pentagon could definitively identify a sighting of an unidentified object as belonging to a foreign adversary, Kirkpatrick said that his office is "looking at some very interesting indicators of things, and that's about all I can tell you." But the office, which has more than 40 employees and is expected to grow, can't say that for sure yet. "There are ways to hide in our noise that always concern me," Kirkpatrick said, referring to the extraneous readings picked up by US radars and other sensors. "I am worried from a national security perspective."
"The Pentagon is preparing for a flood of new reports as it readies two new portals for submissions: one for historical sightings from current or former government employees and contractors and a second for public submissions of new reports," notes CNN.

"It is the opening of the public portal, still several months away, that Kirkpatrick says could flood the system with 'hundreds, if not thousands' of new reports to sort through."
Open Source

AlmaLinux Stays Red Hat Enterprise Linux Compatible Without Red Hat Code (zdnet.com) 34

AlmaLinux is creating a Red Hat Enterprise Linux (RHEL) without any Red Hat code. Instead, AlmaLinux OS will aim to be Application Binary Interface (ABI) compatible and use the CentOS Stream source code that Red Hat continues to offer. Additional code is pulled from Red Hat Universal Base Images, and upstream Linux code. Benny Vasquez, chairperson of the AlmaLinux OF Foundation, explained how all this works at the open-source community convention All Things Open. ZDNet's Steven Vaughan-Nichols reports: The hardest part is Red Hat's Linux kernel updates because, added Vasquez, "you can't get those kernel updates without violating Red Hat's licensing agreements." Therefore, she continued, "What we do is we pull the security patches from various other sources, and, if nothing else, we can find them when Oracle releases them." Vasquez did note one blessing from this change in production: "AlmaLinux, no longer bound to Red Hat's releases, has been able to release upstream security fixes faster than Red Hat. "For example, the AMD microcode exploits were patched before Red Hat because they took a little bit of extra time to get out the door. We then pulled in, tested, and out the door about a week ahead of them." The overall goal remains to maintain RHEL compatibility. "Any breaking changes between RHEL and AlmaLinux, any application that stops working, is a bug and must be fixed."

That's not to say AlmaLinux will be simply an excellent RHEL clone going forward. It plans to add features of its own. For instance, Red Hat users who want programs not bundled in RHEL often turn to Extra Packages for Enterprise Linux (EPEL). These typically are programs included in Fedora Linux. Besides supporting EPEL software, AlmaLinux has its own extra software package -- called Synergy -- which holds programs that the AlmaLinux community wants but are not available in either EPEL or RHEL. If one such program is subsequently added to EPEL or RHEL, AlmaLinux drops it from Synergy to prevent confusion and duplication of effort.

This has not been an easy road for AlmaLinux. Even a 1% code difference is a lot to write and maintain. For example, when AlmaLinux tried to patch CentOS Stream code to fix a problem, Red Hat was downright grumpy about AlmaLinux's attempt to fix a security hole. Vasquez acknowledged it was tough sledding at first, but noted: "The good news is that they have been improving the process, and things will look a little bit smoother." AlmaLinux, she noted, is also not so much worried as aware that Red Hat may throw a monkey wrench into their efforts. Vasquez added: "Internally, we're working on stopgap things we'd need to do to anticipate Red Hat changing everything terribly." She doesn't think Red Hat will do it, but "we want to be as prepared as possible."

Transportation

Amazon Plans To Deploy Delivery Drones In the UK and Italy Next Year (theverge.com) 16

Amazon announced today that it plans to expand its Prime Air drone delivery program to Italy and United Kingdom, as well as one more yet-to-be-named U.S. city. "The new Prime Air locations will be announced in the coming months, with an anticipated launch date of late 2024," reports The Verge. From the report: Another step by Amazon today suggests it's ready to make drones a more serious part of its actual delivery network. The company said it plans to add Prime Air delivery to its existing fulfillment network -- specifically by adding delivery drones to some of its same-delivery sites. Prime Air drones currently only operate out of the two standalone sites in Texas and California, so expanding drones to other sites means a wider delivery range and closer integration with Amazon's delivery network.

Amazon also gave us a sneak peek of its new Prime Air delivery drone that it claims flies twice as far as its current model. Even more critically, the drones will be able to operate in light rain and what Amazon calls more "diverse weather." The company released photos of the MK30 drone today, which it said will replace its existing delivery drones by late 2024.

The MK30 is also smaller and quieter than the existing Prime Air model, Amazon claims. The new drone can deliver objects of up to five pounds, with a typical delivery time of "one hour or less." The new drone includes a "sense and avoid" feature that can help it avoid pets, people, and property. The new design will hopefully result in smoother flights.
"Not only will this help boost the economy, offering consumers even more choice while helping keep the environment clean with zero emission technology, but it will also build our understanding how to best use the new technology safely and securely," said UK's Aviation Minister Baroness Vere in a statement in Amazon's announcement.
United States

American Employees Reinvent the Sick Day (msn.com) 314

The bar for taking a sick day is getting lower, and some bosses say that's a problem. From a report: U.S. workers have long viewed an unwillingness to take sick days as a badge of honor. That's a laurel workers care much less about these days. The number of sick days Americans take annually has soared since the pandemic, employee payroll data show. Covid-19 and a rise in illnesses such as RSV, which can require days away from work, are one reason. Managers and human-resources executives also attribute the jump to a bigger shift in the way many Americans relate to their jobs.

For one, more workers are using up sick time often for reasons such as mental health. And unlike older workers, who might have been loath to call in sick for fear of seeming weak or unreliable, younger workers feel more entitled to take full advantage of the benefits they've been given, executives and recruiters say. That confidence has only grown as record low unemployment persists. So far this year, 30% of white-collar workers with access to paid leave have taken sick time, up from 21% in 2019, according to data from payroll and benefits software company Gusto. Employees between ages 25 and 34 are taking sick days most often, with their use rates jumping 45% from before the pandemic.

[...] Younger workers used to follow the example of their older peers and come in even when under the weather, says Crystal Williams, chief human resources officer at global business payments company Fleetcor, which has around 5,000 U.S. employees. She suspects early-career employees aren't taking cues from older co-workers in the same way now that five days a week at the office is no longer the norm. Prepandemic, Fleetcor workers in their 20s and 30s took one or two sick days a year, she says. Now, it's more like three to five.

United Kingdom

Scientists Call on Ministers To Cut Limits For 'Forever Chemicals' in UK Tap Water (theguardian.com) 16

Acceptable levels of "forever chemicals" in drinking water should be reduced tenfold and a new national chemicals agency created to protect public health, the Royal Society of Chemistry (RSC) has told the UK government. From a report: The chartered body wants to see a reduction in the cap on levels of per- and polyfluoroalkyl substances (PFAS) in tap water. PFAS are a family of about 10,000 widely used chemicals that do not break down easily in the environment. Some have been linked to cancers, liver and thyroid disease, immune and fertility problems, and developmental defects in unborn children.

The current limit in UK drinking water, which is a guideline and not a statutory cap, is 100 nanograms a litre for individual PFAS. The RSC wants this reduced to 10ng/l and a new overall limit introduced of 100ng/l for a wider range of PFAS in drinking water. "In the Drinking Water Inspectorate's (DWI) own words, levels above 10ng/l pose a medium or high risk to public health," said Stephanie Metzger, a policy adviser at the RSC. "We're seeing more studies that link PFAS to a range of very serious medical conditions, and so we urgently need a new approach for the sake of public health."

United States

American Work-From-Home Rates Drop To Lowest Since the Pandemic (bnnbloomberg.ca) 147

An anonymous reader quotes a report from Bloomberg: Fewer than 26% of US households still have someone working remotely at least one day a week, a sharp decline from the early-2021 peak of 37%, according to the two latest Census Bureau Household Pulse Surveys. Only seven states plus Washington, DC, have a remote-work rate above 33%, the data shows, down from 31 states and DC mid-pandemic. [...] At the state level, the data shows all 50 have seen work-from-home rates drop from their pandemic highs. But the unevenness in their rates of decline suggests the trend doesn't have one cohesive explanation, and is instead the result of a hodgepodge of migration, socio-economic, gender and race factors, and possibly even politics -- Democratic states tend to have higher remote-work rates than Republican ones. Illustrating the complexity: States whose remote-work rates have fallen by as much as half to around post-pandemic lows include Mississippi and Louisiana, which weren't able to widely embrace remote work due to a reliance on in-person industries like manufacturing and oil and gas, but also more white-collar states that did welcome it, like California and Connecticut.

The latest Census data also underlines that employees' demand for remote jobs is outpacing the number of companies offering them. In 157 of the largest metro areas in the US, more than half of job applications were for fully remote or hybrid roles in August, according to LinkedIn data generated for Bloomberg, but postings for those jobs have been falling since early 2022, data from Indeed Inc. shows. In Colorado -- widely seen as a work-from-home haven and one of the few states that has maintained a rate above one third -- 76% of job applications in Colorado Springs were for fully remote or hybrid roles in August, the LinkedIn data showed.

Some areas are capitalizing on that scarcity. Alabama, with a work-from-home rate of just 15% according to the Pulse data, offers $10,000 to remote workers who move to the state's northwest Shoals area. The program has attracted about the same number of applications so far this year as in all of 2021 and 2022 combined, about 3,400. All 50 states pale in comparison to their largest cities' metro areas. In Washington, DC, where government bureaucrats are loath to go back to their offices, the remote-work rate is above 50%, the data shows. Similarly, Seattle, Boston and San Francisco all had rates near or above 40%. Average office attendance across ten big US cities remains about 50% of pre-pandemic levels, according to security firm Kastle Systems International LLC, no higher than where it was early in 2023.

News

Joseon Becomes First-ever Globally Recognized Cyber Nation-state 115

An anonymous reader quotes a report from U.Today:
The country was reimagined by Joseon King Andrew Lee as a digital nation without territory or borders. In this status, it was recognized by Antigua and Barbuda: the two countries inked a treaty that supports education, economic investment and other developmental initiatives and provides the basis for long-standing friendly relations.

Speaking to U.Today, representatives of the country stressed its unique legal design and state management model:

"Joseon is a crypto safe haven in this world where you can legally engage in crypto without any risk of any kind because sovereignty is the absolute authority in this world and another sovereignty doesn't have authority over another sovereignty"

Per their official statement, cryptocurrencies represent legal tender in Joseon and can be used for investments, daily payments and cross-border transactions.

Another report from Bitcoinist details several companies launching in Joseon, including First Day Out Collective which represents a song from Rundown Spaz and Kanye West:
Let's talk about the banger that's making this all come alive: "First Day Out,: a fire track by Rundown Spaz featuring none other than Kanye West, now owned by a DAO and legally recognized corporation in the progressive cybernation of Joseon, which itself is a legally recognized nation-state.
Government

IRS Will Pilot Free, Direct Tax Filing In 2024 (techcrunch.com) 88

An anonymous reader quotes a report from TechCrunch: The IRS will test a free tax filing service in 2024 for a subset of lucky taxpayers in as many as 13 states, the agency announced today. Direct File, as the service is called, is a shot across the bows of Turbotax, H&R Block, and other paid tax prep services, whose owners have resisted free and simple tax filing for decades. "This is a critical step forward for this innovative effort that will test the feasibility of providing taxpayers a new option to file their returns for free directly with the IRS," said IRS Commissioner Danny Werfel in a press release announcing the news.

Over the last year and a half, the IRS has been building out the pilot program, which it characterizes as being "one more potential option" on the continuum from self-managed Free File, to commercial products like Turbotax, to a tax prep professional. The IRS describes Direct File as "a mobile-friendly, interview-based service" available in English and Spanish, intended for people with simpler tax situations like W-2s and common income credits and deductions. Whether the interviews are with actual people or some kind of automated or semi-automated process is unclear. But this, like many of its specifics, will likely change as the agency receives feedback from this limited scale pilot.

Arizona, California, Massachusetts, and New York are the four states that are integrating with Direct File for 2024 (i.e. the 2023 tax year); Alaska, Florida, New Hampshire, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming "may also be eligible," due to not having state income tax, but it is not final. Every state was given the opportunity to participate in the Direct File program, but not all were "in a position to join." Among the residents of these states, a limited number of individuals with "relatively simple returns" will have the opportunity to try Direct File. This will in turn "allow the IRS to evaluate the costs, benefits and operational challenges associated with providing a voluntary Direct File option to taxpayers." In software terms, we'd probably call this an alpha.

China

20,000 Britons Approached By Chinese Agents On LinkedIn, Says MI5 Head (theguardian.com) 19

An anonymous reader quotes a report from The Guardian: An estimated 20,000 Britons have been approached by Chinese state actors on LinkedIn in the hope of stealing industrial or technological secrets, the head of MI5 has said. Ken McCallum said industrial espionage was happening at "real scale," and he estimated that 10,000 UK businesses were at risk, particularly in artificial intelligence, quantum computing or synthetic biology where China was trying to gain a march. "Week by week, our teams detect massive amounts of covert activity by the likes of China in particular, but also Russia and Iran," the MI5 director general said ahead of a summit of domestic spy chiefs from the Five Eyes agencies hosted by the FBI in California. "Activity not aimed just at government or military secrets. Not even just aimed at our critical infrastructure but increasingly [at] promising startups -- innovative companies spun out of our universities, academic research itself, and people that understandably may not think national security is about them."

A key attack vector, McCallum said, was to try and steal information by Chinese actors posing as recruitment consultants on LinkedIn. "We think we're above 20,000 cases where that initial approach has been made online through sites of that sort," he said, compared to 10,000 two and a half years ago. [...] On Tuesday, the agency said it was aware of 20 instances of Chinese companies considering or pursuing use of "obfuscated investment, imaginative company structures" to circumvent regulations in order to gain access to technology developed by British companies and in universities. Details were scant but MI5 indicated it was aware of at least two Chinese companies trying to identify legal loopholes to access the sensitive technology of UK firms undetected, and another Chinese company acquiring research data stolen from a top UK university.

United States

US Tightens Curbs on AI Chip Exports To China, Widening Rift With US Businesses (wsj.com) 21

The Biden administration is tightening restrictions on China's ability to buy advanced semiconductors, fueling friction with U.S. businesses that sell to the vast Chinese market. From a report: The Commerce Department on Tuesday said it would significantly constrict exports of artificial-intelligence chips, making it tougher for U.S. companies Nvidia and Intel to sell existing products in China -- or to introduce new chips to circumvent the rules. The move aims to close perceived loopholes in export controls announced a year ago, which themselves had faced strong opposition from the global semiconductor industry and escalated tensions with Beijing.

The goal, Commerce Secretary Gina Raimondo told reporters, is to limit China's "access to advanced semiconductors that could fuel breakthroughs in artificial intelligence and sophisticated computers." The chips are critical to Chinese military applications, she said, a nod to concerns that the U.S. could fall behind China in key defense technologies. The updated rules significantly expand the U.S. government's authority to determine what products U.S. companies can and can't sell in the name of national security. Shipments of high-end AI chips, including those developed by Nvidia and Intel for the Chinese market, are banned without a license. And "gray zone" chips just below those thresholds will now require notification to the government, which can then deny their sales.

EU

EU To Crack Down Further on Microplastics After Glitter Ban (theguardian.com) 49

The EU has announced further plans to crack down on microplastics after its ban on glitter came into force. From a report: The proposal, which tackles tiny pellets used in nearly all plastic products, aims to cut plastic pellet pollution by 74% by the end of the decade. Overall, it would lead to a 7% reduction in Europe's microplastic pollution, according to the European Commission. "The most important thing is to cut pollution at the source," said Virginijus Sinkevicius, EU commissioner for the environment, oceans and fisheries, in an interview with the Guardian. "What we are looking to do is basically ensure we drastically cut, at the source, pollution of microplastics."

Tiny, durable pellets of plastic -- also known as nurdles or nibs -- are melted down and reformed into everyday products, from office chairs to water bottles. But they leak into the environment at every stage of the supply chain. Over time, they break down into microplastics that are eaten and drunk by people and animals. The commission estimates between 52,000 and 184,000 tons of plastic pellets are released into the environment in the EU each year.

Google

Google Asks Congress To Not Ban Teens From Social Media (theverge.com) 118

An anonymous reader quotes a report from The Verge: Google responded to congressional child online safety proposals with its own counteroffer for the first time Monday, urging lawmakers to drop problematic protections like age-verification tech. In a blog post, Google released its "Legislative Framework to Protect Children and Teens Online" (PDF). The framework comes as more lawmakers, like Sen. Elizabeth Warren (D-MA), are lining up behind the Kids Online Safety Act, a controversial bill intended to protect kids from dangerous content online.

In the framework, Google rejects state and federal attempts at requiring platforms to verify the age of users, like forcing users to upload copies of their government IDs to access an online service. Some states have recently gone as far as passing laws requiring platforms to obtain parental consent before anyone under 18 is allowed to use their services. Google dismisses these consent laws, arguing that they bar vulnerable teens from accessing helpful information.
"Good legislative models -- like those based on age-appropriate design principles -- can help hold companies responsible for promoting safety and privacy, while enabling access to richer experiences for children and teens," Kent Walker, Google's president of global affairs, said in the blog post.
United Kingdom

Binance To Halt New UK Customers From Using Crypto Exchange (bloomberg.com) 6

Binance has suspended access to its crypto exchange for new users based in the UK, after a partnership with a third party to approve communications on its platform under new local rules was terminated by the country's watchdog. From a report: Any customers based in the UK not already signed up to Binance's platform were no longer able to join the exchange from 5 p.m. in London on Monday, according to a blog post published by Binance. The move puts the world's largest crypto exchange out of reach for new users in the UK, setting the scene for a battle by Binance to return to one of the sector's biggest markets outside of the US.

The UK's financial promotions regime was widened starting on Oct. 8 to include cryptoasset service providers, regardless of their location. All crypto platforms are now required by the regulator to display clear risk warnings to UK-based consumers and meet higher technical standards, with all communications needing to be approved by an FCA-authorized firm. Penalties for not doing so include being added to the FCA's public warning list, as well as unlimited fines and prison time.

Bitcoin

Why the US Government Has $5 Billion in Bitcoin (wsj.com) 34

The U.S. government is one of the world's biggest holders of bitcoin, but unlike other crypto whales, it doesn't care if the digital currency goes up or down in value. From a report: That is because Uncle Sam's stash of some 200,000 bitcoin was seized from cybercriminals and darknet markets. It is primarily offline in encrypted, password-protected storage devices known as hardware wallets that are controlled by the Justice Department, the Internal Revenue Service or another agency. What the federal government does with its bitcoin has long been a topic of interest among crypto traders because any sale could potentially swing prices or cause other ripple effects in the $1 trillion digital-asset market.

The U.S. has been notoriously slow to convert its stash of bitcoin into dollars. It isn't HODLing, crypto parlance for "holding on for dear life" and never intending to sell. Nor is it waiting for bitcoin to go "to the moon" so it can sell its holdings for a hefty profit. Rather, that big pile of bitcoin is more a byproduct of a lengthy legal process than strategic planning. "We don't play the market. We basically are set by the timing in our process," said Jarod Koopman, executive director of the IRS's cyber and forensics services section, which oversees all activities focused on cybercrimes.

United States

Have Economists Contributed to Inequality? (fastcompany.com) 299

A new book by Nobel prize-winning economist Angus Deaton"feels like an existential crisis," writes Fast Company, "as he questions his own legacy — and wonders whether policies prescribed by economists over the years have unintentionally contributed to inequality" in America. Angus Deaton: People who have a four-year college degree are doing pretty well. But if you go to the people who don't have a college degree, horrible things are happening to them... The opportunities are getting bigger and bigger, but the safety net's falling further and further away. . . I think of it as much broader than income inequality: People without a BA are like an underclass. They're dispensable...

Fast Company: Why has Europe been able to avoid so many of these rises in inequality and "deaths of despair" and the U.S. hasn't?

Deaton: Anne [Case, my wife] and I wrestled with that in our book Deaths of Despair. One reason is that we don't have any safety net here... The other story is we've got this hideous healthcare system... we're spending [almost] 20% of GDP. There's no other country that spends anything like that. That money comes out of other things we could have, like a safety net and a better education system. And it's not delivering much, except the healthcare providers are doing really quite well: the hospitals, the doctors, the pharma companies, the device manufacturers. Not only does it cost a lot, but we fund it in this really bizarre way, which is that for most people who are not old enough to qualify for Medicare, they get their health insurance through their employer...

Fast Company : The theme of your new book seems to be something of an existential crisis for you as an economist. How much are economists to blame for some of these issues?

Deaton: [...] I think there are some broad things that we didn't do very well. We bent the knee a little too much to the Chicago libertarian view, that markets could do everything. I'm not trying to say that I was right and everybody else was wrong. I was with the mob. I think we thought that financial markets were much safer than they'd been in the past, and we didn't have to worry about them as much. That was dead wrong. I think we were way overenthusiastic about hyperglobalization. We had this belief that people would lose their jobs but they'd find other, better jobs, and that really didn't happen. So there are a lot of things that I think are going to be seriously reconsidered over the next years.

But he admits economists are short on solutions for economic inequality. "When they say, 'Well, what would work'" there's this uncomfortable silence where you feel foolish. Everybody's quoting [former Italian philosopher and politician Antonio] Gramsci [saying that] the old system is broken but the new system is struggling to be born. No one really knows what it's going to look like."

The book is titled Economics in America: An Immigrant Economist Explores the Land of Inequality. But in the interview Deaton still remains hopeful about America, calling it "a very inventive place," and noting that in the field of economics "there's always hope and there's always change; economics is a very open profession, and it changes very quickly."
Earth

California Begins World's Largest Dam Removal/River Restoration Projects (msn.com) 135

Four California dams are now being dismantled, reports the Arizona Republic: Sometime in January, work crews will start drilling a tunnel at the base of a concrete dam on the Klamath River, near the California-Oregon border. The tunnel will begin the process of drawing down the reservoir behind the dam, known as Copco-1, and prepare the site to remove the dam from the river. Time was, removing a dam in the West was unheard of. Dams were built to store water, generate electricity, manage the use of rivers for growers. But environmental activists started telling the story of how dams damage a river and its ecosystem, and Indigenous communities have told their stories of how dams took away traditional resources and food sources. And so, in recent years, we've seen more dams removed. In Arizona, the removal of a hydroelectric dam on Fossil Creek led to the restoration of a sparkling waterway and a habitat for fish, birds and other wildlife.
California's dam-removal project began in June, reports the Los Angeles Time, when the smallest of the four dams was torn down by crews using heavy machinery. "The other three dams are set to be dismantled next year, starting with a drawdown of the reservoirs in January." "The scale of this is enormous," said Mark Bransom, CEO of the nonprofit Klamath River Renewal Corp., which is overseeing dam removal and river restoration efforts. "This is the largest dam removal project ever undertaken in the United States, and perhaps even the world." The $450-million budget includes about $200 million from ratepayers of PacifiCorp, who have been paying a surcharge for the project. The Portland-based utility — part of billionaire Warren Buffett's conglomerate Berkshire Hathaway — agreed to remove the aging dams after determining it would be less expensive than trying to bring them up to current environmental standards.

The dams were used purely for power generation, not to store water for cities or farms. "The reason that these dams are coming down is that they've reached the end of their useful life," Bransom said. "The power generated from these dams is really a trivial amount of power, something on the order of 2% of the electric utility that previously owned the dams." An additional $250 million came through Proposition 1, a bond measure passed by California voters in 2014 that included money for removing barriers blocking fish on rivers.

Crews hired by the contractor Kiewet Corp. have been working on roads and bridges to prepare for the army of excavators and dump trucks. "We have thousands of tons of concrete and steel that make up these dams that we have to remove," Bransom said. "We'll probably end up with 400 to 500 workers at the peak of the work..."

In addition to tearing down the dams, the project involves restoring about 2,200 acres of reservoir bottom to a natural state.

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