"It's estimated that somewhere between about $3.5 and $5 billion in Australia every year is lost in tax revenue due to the sort of cash economy," says an economics professor at the University of New South Wales, who predicts Australia could be cash-free by 2020. The Australian Payments Association reports that over 75% of the country's face-to-face payments are already tap-and-go, and ATM withdrawals have sunk to a 15-year low.
The head of farm operations for a sugar producer says it's now 30% cheaper to pump water with diesel than electricity, even before you count the subsidy from the federal government, and they expect to save even more money as energy prices go up.
Village Roadshow joined six other studios in requesting an injunction Friday in federal court, reports Computerworld. And meanwhile, "a separate site-blocking application has been launched by Australian music labels, which are seeking to have Telstra, Optus, TPG and Foxtel's broadband arm block access to Kickass Torrents."
rickyslashdot writes: Because of the simplicity of this system, it is bound to be tested again -- hopefully sooner than later... This process is inherently safer than using rocket engines (to be attached to the junk), and is much less of a 'mass-to-orbit' cost, since it only requires a grappling system, and a spool of wire/cable. Hopefully, there will be a follow-up / re-try in the near future for this orbital debris clean-up process.