Do in-app purchases take advantage of children and inadvertently cost parents way more money than they intended to spend?
Source: FTC asked to investigate kids and in-app purchases | Ars Technica
Links
Which company is biggest? A primer on corporate valuation | Ars Technica
What’s the world’s largest technology company? The answer depends on which measure you use.
Source: Which company is biggest? A primer on corporate valuation | Ars Technica
$15 phone, 3 minutes all that’s needed to eavesdrop on GSM call | Ars Technica
“There is one key used for communication between the operators and the SIM card that is very well protected, because that protects their monetary interest,” Nohl said. “The other key is less well protected, because it only protects your private data.”
Source: $15 phone, 3 minutes all that’s needed to eavesdrop on GSM call | Ars Technica
Just because you pay for a service (or device) doesn’t mean you can trust it.
Job-Killing Labor Costs and the Manufacturing Sector | Mises Institute
If the cost of labor increases, someone has to pay for it. Laborers may pay in the form of decreased work opportunities, investors may pay in the form of decreased returns on capital, or consumers may pay in the form of higher prices required by increased costs.
Source: Job-Killing Labor Costs and the Manufacturing Sector | Mises Institute
US manufacturing output is still enormous, it has simply been achieved with ever higher levels of capital (e.g. machines) as labor has been made more and more expensive (through minimum wages, benefits, etc. that US corporations are taxed or regulated into providing).
The Rise of the New Global Elite – The Atlantic
F. Scott Fitzgerald was right when he declared the rich different from you and me. But today’s super-rich are also different from yesterday’s: more hardworking and meritocratic, but less connected to the nations that granted them opportunity—and the countrymen they are leaving ever further behind.
Source: The Rise of the New Global Elite – The Atlantic
What happened to patriotism? Are today’s super-rich really *all* unsympathetic about the living conditions of other people? I suppose part of the problem is that those other people are seen as “other”, being neither friends, neighbors, peers, fellows, or anything else beyond replaceable employees.