With U.S. financial officials poised to to issue a report on stablecoins, former U.S. Treasury Secretary Steven Mnuchin said the cryptocurrencies designed to be pegged to other assets such as the dollar should be regulated and their underlying funds put into banks. From a report: "They shouldn't be like casino chips," Mnuchin said Thursday at the Bloomberg Invest Global virtual conference. "If you are going to issue a stablecoin, the actual money should go be held in a regulated bank, in a trust account and the people who hold the stablecoins should be able to exchange those for real dollars at any time." Stablecoins are a type of cryptocurrency that, by holding reserves, seek to maintain a fixed exchange-rate with a fiat currency. Bloomberg News reported Thursday that reserves of Tether, the largest such coin with a $69 billion market value, include billions of dollars of short-term loans to large Chinese companies, which is something money-market funds typically avoid. "Stablecoins should be invested in U.S. Treasuries or things that look like U.S. Treasuries -- money-markets of highly liquid, backed investments," said Mnuchin.

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Ireland, a low-tax country that is the European headquarters to some of the largest U.S. technology companies, said it would join a global agreement to set a minimum rate of 15% for taxing corporate profits, easing the way to a final agreement on an overhaul of how multinationals are taxed around the world. From a report: Ireland had been one of a small number of holdouts when the outlines of a global agreement were settled in July. That accord, driven by the U.S., aims to overhaul the way multinationals are taxed, the culmination of a yearslong effort to squeeze tax avoidance arrangements. While small, Ireland plays an outsize role in strategies used by companies from the U.S. and elsewhere to lower their global tax bills. Most of the largest U.S. technology firms have their European headquarters in Ireland, and the country has also attracted the largest U.S. pharmaceutical companies. Ireland's decision to raise its corporate tax rate from 12.5% after the agreement is implemented is a concession to key allies, particularly the U.S. "I do believe that where we are now is balanced and represents a fair compromise, reflecting the interests of the many countries involved," said Paschal Donohoe, Ireland's finance minister. Companies that rely on intellectual property can concentrate their profits in Ireland rather than in the higher-tax countries where their consumers live, and that has been a source of frustration for other governments.

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Taiwan chipmaker TSMC will not leak any sensitive company information as part of a White House request for details on the ongoing semiconductor crisis that has forced cuts to U.S. auto production, the company's general counsel said. From a report: The White House made the request to automakers, chip companies and others last month. Secretary of Commerce Gina Raimondo said a voluntary request for information within 45 days on the chips crisis would boost supply chain transparency and that if companies did not answer the voluntary request "then we have other tools in our tool box that require them to give us data." The issue has caused concern in Taiwan that companies like Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker and a major Apple supplier, would have to hand over sensitive data. "Don't worry. We definitely will not leak our company's sensitive information, especially that related to customers," TSMC's general counsel Sylvia Fang said on Wednesday, in comments provided by the company on Thursday. "Customer trust is one of the key elements to our company's success," she added. "If this is to resolve supply chain issues, we will see how best we can do to help them. We have done so many things. For the part of auto chips, we've tried to increase output and prioritize auto chips to a certain degree."

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Russia accounted for most state-sponsored hacking detected by Microsoft over the past year, with a 58% share, mostly targeting government agencies and think tanks in the United States, followed by Ukraine, Britain and European NATO members, the company said. From a report: The devastating effectiveness of the long-undetected SolarWinds hack -- it mainly breached information technology businesses including Microsoft -- also boosted Russian state-backed hackers' success rate to 32% in the year ending June 30, compared with 21% in the preceding 12 months. China, meanwhile, accounted for fewer than 1 in 10 of the state-backed hacking attempts Microsoft detected but was successful 44% of the time in breaking into targeted networks, Microsoft said in its second annual Digital Defense Report, which covers July 2020 through June 2021. While Russia's prolific state-sponsored hacking is well known, Microsoft's report offers unusually specific detail on how it stacks up against that by other U.S. adversaries. The report also cited ransomware attacks as a serious and growing plague, with the United States by far the most targeted country, hit by more than triple the attacks of the next most targeted nation. Ransomware attacks are criminal and financially motivated. By contrast, state-backed hacking is chiefly about intelligence gathering -- whether for national security or commercial or strategic advantage -- and thus generally tolerated by governments, with U.S. cyber operators among the most skilled. The report by Microsoft, which works closely with Washington government agencies, does not address U.S. government hacking.

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waspleg writes: Mozilla is now showing ads in the form of sponsored Firefox contextual suggestions when U.S. users type in the URL address bar. Mozilla says the feature was introduced with Firefox 92 in September to fund development and optimization. Mozilla describes Firefox Suggest contextual suggestions as opt-in, in BleepingComputer's tests and from what users have reported, the feature is on by default. Furthermore, Firefox doesn't tag the ads displayed via Firefox Suggest. There is no clear way to identify what a sponsored suggestion and what a regular unsponsored suggestion should look like. The only way Firefox users will know whether a sponsored suggestion is an ad would be by looking at the URL, but, in many cases, the URL is not clearly visible.

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New submitter myinnerbanjo writes: With plastics in oceans becoming more and more of a global disaster, Microsoft uses recycled ocean plastic to create a new computer mouse:"We wanted to do something that's different," said Corinne Holmes, director of environmental compliance, Windows & Devices. "I don't want the clean stuff. We wanted to push the bar. This plastic wasn't from a collection bin sitting on the beach. It was recovered out of a river. It's dirty. It was sitting there for six months, not three weeks."

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An anonymous reader shares a report: Outsiders have long profited from Africa's riches of gold, diamonds, and even people. Digital resources have proven no different. Millions of internet addresses assigned to Africa have been waylaid, some fraudulently, including through insider machinations linked to a former top employee of the nonprofit that assigns the continent's addresses. Instead of serving Africa's internet development, many have benefited spammers and scammers, while others satiate Chinese appetites for pornography and gambling. New leadership at the nonprofit, AFRINIC, is working to reclaim the lost addresses. But a legal challenge by a deep-pocketed Chinese businessman is threatening the body's very existence. The businessman is Lu Heng, a Hong Kong-based arbitrage specialist. Under contested circumstances, he obtained 6.2 million African addresses from 2013 to 2016. That's about 5% of the continent's total -- more than Kenya has. The internet service providers and others to whom AFRINIC assigns IP address blocks aren't purchasing them. They pay membership fees to cover administrative costs that are intentionally kept low. That left lots of room, though, for graft. When AFRINIC revoked Lu's addresses, now worth about $150 million, he fought back. His lawyers in late July persuaded a judge in Mauritius, where AFRICNIC is based, to freeze its bank accounts. His company also filed a $80 million defamation claim against AFRINIC and its new CEO. It's a shock to the global networking community, which has long considered the internet as technological scaffolding for advancing society. Some worry it could undermine the entire numerical address system that makes the internet work.

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Norway is on track to bid farewell to the sale of new petrol and diesel-powered cars by April 2022, according to new analysis released by the Norwegian Automobile Federation (NAF). From a report: According to monthly new car sales data released by Norway's Road Traffic Information Council (OVF), the last internal combustion engine vehicle is set to leave the dealership next April, almost three years ahead of the Norwegian government's 2025 stated target for the phasing out completely of sales of new petrol and diesel cars. Norway's equivalent of VFACTS tell an interesting story. In the first eight months of 2021, vehicles without any type of electrification -- battery electric vehicle, plug-in hybrid, hybrid -- made up less than 10 per cent of (9.66 per cent) new car sales. Out of a total of 110,864 new car registrations, petrol cars accounted for 4.93 per cent and diesel for just 4.73 per cent. That's down from 21 per cent from the previous year and more than 50 per cent as recently as 2017 where in the first eight months, petrol and diesel cars accounted for over 25 per cent each out of a total of 102,873 registrations.

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Italian winemakers have increasingly relied on migrant workers for the autumn harvest, but travel restrictions and soaring wage costs are pushing many to turn to machines. From a report: Last year's grape harvest was a harrowing scramble at Mirko Cappelli's Tuscan vineyard. With the Italian border closed because of the pandemic, the Eastern European workers he had come to rely on couldn't get into the country. The company he had contracted to supply grape pickers had no one to offer him. He ultimately found just enough workers to bring the grapes in on time. So, this year Mr. Cappelli made sure he wouldn't face the same problem: He spent â85,000, equivalent to $98,000, on a grape-harvesting machine. The coronavirus pandemic is pushing the wine industry toward automation. Covid-related travel restrictions left severe shortages of agricultural workers last year, as Eastern Europeans and North Africans were unable to reach fields in Western Europe. Though the shortages have eased this year, the difficulty of finding workers has accelerated the shift, which was already under way across the agricultural sector. While harvests of some crops, like soybeans and corn, are already heavily automated, winemakers have been slower to make the switch. Vintners debate whether automated harvesting is more likely to damage grapes, which can affect the quality of the wine. The cost is a deterrent for many small farmers. Some European regions even ban machine harvesting. For many vintners in Europe and the U.S., however, the difficulty of finding workers -- a problem they say had grown steadily for years but became acute during the pandemic -- has pushed them to take the robot plunge. It is a change that will outlast the pandemic and could shift longstanding migration patterns that bring tens of thousands of foreign workers to Italy, France and Spain for agricultural harvests each year. Ritano Baragli, president of Cantina Sociale colli Fiorentini Valvirgilio, a winemaker's group in Tuscany, said it has been getting harder to find pickers for several years, as locals increasingly shun the physically demanding, low-paid, short-term work while the demand for pickers has increased. But last year was the worst labor shortage of his half-century career in wine. Use of harvesting machines among the group's members increased 20% this year in response, he said.

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A massive security breach at Twitch has exposed a wealth of information pertaining to the website's source code, unreleased projects, and even how much the top streamers make. As data analysts and journalists work to decipher what exactly is contained in the hundreds of gigabytes of information, others are still wondering how this happened. From a report: Such a breach seemed like it was increasingly likely to some. The Verge has spoken to multiple sources who claim that during their time at Twitch, the company valued speed and profit over the safety of its users and security of its data. This data breach, which Twitch blames on an error to a server configuration, is the latest in a series of security and moderation problems that have plagued the Amazon-owned streaming platform. In August, hate raids in which marginalized streamers were subjected to uncontrollable numbers of bots spamming hate speech erupted across Twitch. Streamers banded together to create the #twitchdobetter hashtag and organized a walkout on September 1st to bring attention to the problem and spur Twitch to deploy safety measures to stem the hate tide. In response, Twitch acknowledged streamers' complaints, urged patience, and promised it was working on tools that would help to better protect streamers and their communities.

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The Dutch antitrust authority has found that Apple's rules requiring software developers to use its in-app payment system are anti-competitive and ordered it to make changes, Reuters reported on Thursday, in the latest regulatory setback for the iPhone maker. From a report: Apple's app-store payment policies, in particular its requirement that app developers exclusively use its payment system where commissions range between 15% and 30%, have long drawn complaints from developers. The Dutch investigation into whether Apple's practices amounted to an abuse of a dominant market position was launched in 2019 but later reduced in scope to focus primarily on dating market apps. They included a complaint from Match Group, owner of the popular dating service Tinder, which said Apple's rules were hindering it from direct communications with its customers about payments. The Netherlands' Authority for Consumers and Markets (ACM) last month informed the U.S. technology giant of its decision, making it the first antitrust regulator to make a finding the company has abused market power in the app store, though Apple is facing challenges in multiple countries.

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Japan's Fair Trade Commission will investigate whether Apple and Google are leveraging their dominance in the smartphone operating system market to eliminate competition and severely limit options for consumers. From a report: The study will involve interviews and surveys with OS operators, app developers and smartphone users, commission Secretary-General Shuichi Sugahisa told reporters Wednesday. The initiative will explore market conditions not only for smartphones, but for smartwatches and other wearables. The antitrust watchdog will compile a report outlining OS market structure and the reason why competition has remained static. The commission will work with the central government's Digital Market Competition Council, which is moving forward with its own market probe. Practices found to be anticompetitive will be itemized in the report, along with possible violations of Japan's law against monopolies. In February, the government implemented the Act on Improving Transparency and Fairness of Digital Platforms. If officials decide that the law applies to the OS market, OS operators will be told to submit regular reports on transactions to the Ministry of Economy, Trade and Industry. In Japan, Apple's iOS commands a nearly 70% share among smartphone operating systems while Android's share stands at 30%. Any developer of apps -- whether they specialize in music, streaming videos, e-books or mobile games -- need to match the software with specifications of the operating systems if they want to appear on smartphones.

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The Transportation Security Administration will introduce new regulations that compel the most important U.S. railroad and airport operators to improve their cybersecurity procedures, Homeland Security Secretary Alejandro Mayorkas said on Wednesday. From a report: The upcoming changes will make it mandatory for "higher-risk" rail transit companies and "critical" U.S. airport and aircraft operators to do three things: name a chief cyber official, disclose hacks to the government and draft recovery plans for if an attack were to occur. The planned regulations come after cybercriminals attacked a major U.S. pipeline operator here, causing localized gas shortages along the U.S. East Coast in May. The incident led to new cybersecurity rules for pipeline owners in July. "Whether by air, land, or sea, our transportation systems are of utmost strategic importance to our national and economic security," Mayorkas said. "The last year and a half has powerfully demonstrated what's at stake." A key concern motivating the new policies comes from a growth in ransomware attacks against critical infrastructure companies.

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It's a fitting moment to flip the switch, because Drummer will open the doors for a new fluid style of blogging, based on outlining. To create a post, you click the big plus icon and start typing. When you're ready to publish, choose a menu command. No more slogging your way through Wordpress or a static site generator. It all happens in a second or two. And making a change to your blog is as easy as making the change in your outline, and publishing -- again -- just one command and a couple of seconds. Wordpress's blogging model is a slog. The command structure is organized to make it a time consuming process. Drummer does away with that. Welcome to the world where tools for thought meets publishing. Blogging at the speed of thought.

Since Sunday is the 27th anniversary of blogging at scripting.com (or anywhere, for that matter), let's make that the day that the doors officially open for Drummer. There will still be things to do at that point, and that's ok. As they say software is a process.