"Dell's strict new RTO mandate excludes fully remote workers from promotion," reports Business Insider.

The site calls it "one of the most abrupt changes to remote work policies," noting that Dell "has had a hybrid working culture in place for more than a decade — long before the pandemic struck." "Dell cared about the work, not the location," a senior employee at Dell who's worked remotely for more than a decade, told Business Insider last month. "I would say 10% to 15% of every team was remote." That flexibility has enabled staff to sustain their careers in the face of major life changes, several employees told BI. It has also helped Dell to be placed on the "Best Place to Work for Disability Equality Index" since 2018. But in February Dell introduced a strict return-to-office mandate, with punitive measures for those who want to stay at home.

Under the new policy, staff were told that from May almost all will be classified as either "hybrid," or "remote." Hybrid workers will be required to come into an "approved" office at least 39 days a quarter — the equivalent of about three days a week, internal documents seen by BI show. If they want to keep working from home, staff can opt to go fully remote. But that option has a downside: fully remote workers will not be considered for promotion, or be able to change roles.
Workers have said Dell's approach might be intended to lower headcount without having to pay severance by inducing some employees to quit. But reached by Business Insider for a comment, Dell defended their approach as instead "critical to drive innovation and value differentiation."

But Professor Cary Cooper, an organizational psychologist and cofounder of the National Forum for Health and Wellbeing at work, tells the site Dell could be following a "pack mentality" among tech companies — or reacting to a sluggish world economy. "Senior execs somehow think that people in the office are more productive than at home, even though there's no evidence to back that up."

Business Insider added that Dell's approach "differs from founder and CEO Michael Dell's previous support for remote workers," who famously said "If you are counting on forced hours spent in a traditional office to create collaboration and provide a feeling of belonging within your organization, you're doing it wrong."

The Street interviewed Chad Anderson, founder/managing partner of the "space economy" investment firm Space Capital, who calls SpaceX's progress "unprecedented," and believes their next launch could carry "operational" payloads like Starlink satellites. Anderson added that Starship reaching orbital velocity and reentering the atmosphere at those speeds (roughly 16,000 miles per hour) was "a really big deal," though it's specifically important for the reusability of the vehicle, which would further cheapen the cost of launch.

"The fact that they did all those things and they can now move into operations as an investor is hugely important and significant," Anderson said. "Having an operational Starship vehicle is really important because, at the moment, they just can't launch Starlink satellites fast enough. Starship is going to be able to launch 10 times more than Falcon 9 can, and that's really important...."

The ship is so big that, according to Anderson, Starship could conceivably serve as a space station, or a hotel, or a manufacturing facility. There is also the potential of Starship actually competing with commercial airlines, flying, for example, from New York to Shanghai in 45 minutes.
Clayton Swope, senior fellow at CSIS, also believes Starship could be used for "last-mile delivery... where you could move something in less than an hour, anywhere from a point on Earth to another point on Earth, and you're just kind of using space as that transit point."

There's also defense applications. Defense One notes the U.S. Defense Department uses SpaceX to launch most of its satellites. "With a payload capacity of 100 to 150 tons, Starship could carry a bunch of satellites simultaneously and increase the Space Force's launch rate as it builds out a network of hundreds of satellites in low-Earth orbit." Once Starship is operational, it will be able to put things into higher orbits, which is key for the Pentagon's push to operate in the cislunar environment, the area between the geosynchronous orbit and the moon. "The Chinese have already begun cislunar operations and have put vehicles on the far side of the moon, which is something the U.S. doesn't really have the ability to do right now," said Bryan Clark, a senior fellow at the Hudson Institute.

However, the advantage the U.S. will get with Starship "won't last forever," and it will take years to build satellites specifically designed to take advantage of the rocket's payload capacity, said Todd Harrison, a senior fellow at the American Enterprise Institute. "At this rate, they will have Starship operational this year. We need payloads to go on that, if we're actually going to take advantage of it during this window of opportunity when it's a capability only we have. If you want those payloads available next year, you needed to start building them five years ago," Harrison said.

Starship could be used to put very large objects into space, such as fuel barges or energy stations, at a reasonable cost. "You could use this to put up an orbital bus that you can then put on and remove payloads from, so you can have a satellite on orbit that's basically a large docking station," Clark said... "[I]t could be a way to do that kind of thing where you establish essentially an unmanned, little space station that can carry various payloads."

"The environment in which kids grow up today is hostile to human development," argues Jonathan Haidt, a social psychologist and business school ethics professor, saying that since the early 2010s, "something went suddenly and horribly wrong for adolescents."

The Atlantic recently published an excerpt from his book The Anxious Generation: How the Great Rewiring of Childhood Is Causing an Epidemic of Mental Illness.: By a variety of measures and in a variety of countries, the members of Generation Z (born in and after 1996) are suffering from anxiety, depression, self-harm, and related disorders at levels higher than any other generation for which we have data... I think the answer can be stated simply, although the underlying psychology is complex: Those were the years when adolescents in rich countries traded in their flip phones for smartphones and moved much more of their social lives online — particularly onto social-media platforms designed for virality and addiction. Once young people began carrying the entire internet in their pockets, available to them day and night, it altered their daily experiences and developmental pathways across the board. Friendship, dating, sexuality, exercise, sleep, academics, politics, family dynamics, identity — all were affected...

There's an important backstory, beginning as long ago as the 1980s, when we started systematically depriving children and adolescents of freedom, unsupervised play, responsibility, and opportunities for risk taking, all of which promote competence, maturity, and mental health. But the change in childhood accelerated in the early 2010s, when an already independence-deprived generation was lured into a new virtual universe that seemed safe to parents but in fact is more dangerous, in many respects, than the physical world. My claim is that the new phone-based childhood that took shape roughly 12 years ago is making young people sick and blocking their progress to flourishing in adulthood. We need a dramatic cultural correction, and we need it now...

A simple way to understand the differences between Gen Z and previous generations is that people born in and after 1996 have internal thermostats that were shifted toward defend mode. This is why life on college campuses changed so suddenly when Gen Z arrived, beginning around 2014. Students began requesting "safe spaces" and trigger warnings. They were highly sensitive to "microaggressions" and sometimes claimed that words were "violence." These trends mystified those of us in older generations at the time, but in hindsight, it all makes sense. Gen Z students found words, ideas, and ambiguous social encounters more threatening than had previous generations of students because we had fundamentally altered their psychological development.
The article argues educational scores also began dropping around 2012, while citing estimates that America's average teenager spends seven to nine hours a day on screen-based activities. "Everything else in an adolescent's day must get squeezed down or eliminated entirely to make room for the vast amount of content that is consumed... The main reason why the phone-based childhood is so harmful is because it pushes aside everything else." (For example, there's "the collapse of time spent interacting with other people face-to-face.")

The article warns of fragmented attention, disrupted learning, social withdrawal, and "the decay of wisdom and the loss of meaning." ("This rerouting of enculturating content has created a generation that is largely cut off from older generations and, to some extent, from the accumulated wisdom of humankind, including knowledge about how to live a flourishing life.") Its proposed solution?

• No smartphones before high school
• No social media before 16
• Phoneâfree schools
• More independence, free play, and responsibility in the real world

"We didn't know what we were doing in the early 2010s. Now we do. It's time to end the phone-based childhood."

Thanks to long-time Slashdot reader schwit1 and sinij for sharing the article.

"Workers at an Amazon air hub in Kentucky celebrated a victory Thursday," reports the Washington Post, "after federal labor regulators found that Amazon violated labor law by trying to prevent workers there from unionizing." The employees have been demanding higher pay, more flexible schedules and safer working conditions since 2022. After a months-long investigation, the National Labor Relations Board issued a complaint against Amazon last week, alleging the e-commerce behemoth illegally attempted to curtail those efforts by interrogating workers, threatening to call the police on them and demoting workers involved in union organizing.

The complaint is a victory for union organizers at a crucial air cargo hub in Kentucky who have been alleging that Amazon has been unfairly interfering with their unionization efforts there for months.... Amazon workers at various sites around the country have been trying to unionize for years, with little to show for it. Many have accused Amazon of using illegal tactics to discourage workers from supporting unions — more than 240 such charges have been filed with the labor board, workers said... Amazon employee Marcio Rodriguez said he was threatened with termination for his union-organizing activity along with 10 co-workers. For two weeks, Rodriguez said, Amazon management would "show up to where I was working out on the ramp in front of my co-workers in a truck and take me to the HR office," where they would interrogate him...

Amazon workers in Kentucky are seeking to form Amazon Labor Union, an independent but associated branch of the group that won a historic victory at an Amazon warehouse on Staten Island in 2021. Lawyers for the union there are still battling Amazon, which has yet to come to the bargaining table and continues to argue that the NLRB unfairly sided with workers during that election. More recently, the company has argued in another New York case that the National Labor Relations Board itself is structured unconstitutionally, following legal arguments set forth by lawyers for SpaceX and Trader Joe's...

Amazon is scheduled to appear at a hearing before labor regulators regarding its alleged anti-union activities in Kentucky on April 22.

The Washington Post reports: Nearly a decade ago, Congress passed a law that allows private American space companies the rights to resources they mine on celestial bodies, including the moon.

Now, there's a private venture that says it intends to do just that.

Founded by a pair of former executives from Blue Origin, the space venture founded by Jeff Bezos, and an Apollo astronaut, the company, Interlune, announced itself publicly Wednesday by saying it has raised $18 million and is developing the technology to harvest and bring materials back from the moon... Specifically, Interlune is focused on Helium-3, a stable isotope that is scarce on Earth but plentiful on the moon and could be used as fuel in nuclear fusion reactors as well as helping power the quantum computing industry.

The company, based in Seattle, has been working for about four years on the technology, which comes as the commercial sector is working with NASA on its goal of building an enduring presence on and around the moon... Rob Meyerson, the former president of Blue Origin, co-founded Interlune with Gary Lai, another former executive at Blue, and Harrison Schmitt, a geologist who flew to the moon during Apollo 17... In an interview, Meyerson said that the company intends to be the first to collect, return and then sell lunar resources and test the 2015 law. There is a large demand for Helium-3 in the quantum computing industry, which requires some of its systems to operate in extremely cold temperatures, and Interlune has already lined up a "customer that wants to buy lunar resources in large quantities," he said.

"We intend to be the first to go commercialize and deliver and support those customers," he said. NASA might want to be a customer as well. In 2020, it said it was looking for companies to collect rocks and dirt from the lunar surface and sell them to NASA as part of a technology development program that would eventually help astronauts "live off the land...." The company's funding round was led by the venture capital firm Seven Seven Six, whose founder and general partner, Alexis Ohanian, said that the space sector has become far more appealing to investors. "The space economy is something we can actually talk about with a straight face now, and I think some of the smartest people on the planet are making those efforts," he said...

He said he was aware that it might take years, or longer for a moon mining business to make money. But he said that, "we're comfortable waiting for a decade plus to see those returns."
NASA is planning more missions like the Intuitive Machines landing earlier this year, according to the article, "which it says will not only help pave the way for humans to return to the moon but for private industry to begin commercial operations there as well." Interlune plans "a prospecting machine" as soon as 2026, followed by an "end-to-end demonstration" in 2028 that harvests and returns a small quanity of Helium-3, and then full-scale operations by 2030.

"China has also said that it is interested in extracting other resources, including Helium-3, which it said was present in a sample it returned from the moon in 2020."

According to Bloomberg, Apple has acquired Canada-based AI startup DarwinAI for an undisclosed sum. Macworld reports: Apple has reportedly folded the DarwinAI staff into its own AI team, including DarwinAI co-founder Alexander Wong, an AI researcher at the University of Waterloo who "has published over 600 refereed journal and conference papers, as well as patents, in various fields such as computational imaging, artificial intelligence, computer vision, and multimedia systems."

According to its LinkedIn profile, DarwinAI is "a rapidly growing visual quality inspection company providing manufacturers an end-to-end solution to improve product quality and increase production efficiency." In layman's terms, that means Apple is likely interested in DarwinAI to streamline its manufacturing to be more efficient. That's something that could save Apple a ton of money in annual costs.

Far more interesting to our consumer devices, however, is Bloomberg's report that DarwinAI's tech can be used to make AI models more efficient in general. Apple has been said to want any generative AI features to run on the device rather than the cloud, so models will need to be as small as possible and DarwinAI could definitely help there. Last month, Apple CEO Tim Cook said the iPhone maker sees "incredible breakthrough potential for generative AI, which is why we're currently investing significantly in this area. We believe that will unlock transformative opportunities for users when it comes to productivity, problem solving and more."

The city council of Minneapolis on Thursday voted 10-3 to allow rideshare drivers to be paid the local minimum wage of $15.57 an hour, overriding the mayor's veto of the bill. As a result, Lyft and Uber said they will cease operations in the city. From a report: Lyft said in a statement the bill was "deeply flawed" and that the ordinance makes its "operations unsustainable." "We support a minimum earning standard for drivers, but it should be done in an honest way that keeps the service affordable for riders," said a Lyft spokesperson. Uber said in a statement obtained by CNN that it's "disappointed the council chose to ignore the data and kick Uber out of the Twin Cities, putting 10,000 people out of work and leaving many stranded."

The ordinance mandates rideshare drivers make at least $1.40 per mile and $0.51 per minute within Minneapolis. However, the analysis Frey referred to showed lower numbers -- $0.89 per mile and $0.49 per minute -- to make minimum wage. The mayor is imploring local politicians to come up with a solution before May 1. The rideshare services say that user prices would double if they stayed in the city.

In a blog post Thursday, Broadcom CEO and President Hock Tan acknowledged the discomfort VMware customers and partners have experienced after the sweeping changes that Broadcom has instituted since it acquired the company nearly four months ago. "Of course, we recognize that this level of change has understandably created some unease among our customers and partners," writes Tan. "But all of these moves have been with the goals of innovating faster, meeting our customers' needs more effectively, and making it easier to do business with us." Ars Technica reports: Tan believes that the changes will ultimately "provide greater profitability and improved market opportunities" for channel partners. However, many IT solution provider businesses that were working with VMware have already been disrupted. For example, after buying VMware, Broadcom took over the top 2,000 VMware accounts from VMware channel partners. In a March earnings call, Tan said that Broadcom has been focused on upselling those customers. He also said Broadcom expects VMware revenue to grow double-digits quarter over quarter for the rest of the fiscal year. [...]

In his blog post, Tan defended the subscription-only licensing model, calling it "the industry standard." He said VMware started accelerating its transition to this strategy in 2019, (which is before Broadcom bought VMware). He also linked to a February blog post from VMware's Prashanth Shenoy, VP of product and technical marketing for the Cloud, Infrastructure, Platforms, and Solutions group at VMware, that also noted acquisition-related "concerns" but claimed the evolution would be fiscally prudent.

Mercedes-Benz is the latest automotive company to trial how humanoid robots could be used to automate "low skill, physically challenging, manual labor." From a report: On Friday, robotics company Apptronik announced it had entered into a commercial agreement with Mercedes to pilot how "highly advanced robotics" like Apollo -- Apptronik's 160-pound bipedal robot -- can be used in manufacturing. The news follows a similar pilot announced by BMW in January.

Apptronik says that Mercedes is exploring use cases like having Apollo inspect and deliver components to human production line workers. Neither company has disclosed any figures for the agreement or how many Apollo robots are being trialed. According to Apptronik, humanoid robots would allow vehicle manufacturers to start automating manufacturing tasks without having to redesign their existing facilities. The company says its approach instead "centers on automating some physically demanding, repetitive and dull tasks for which it is increasingly hard to find reliable workers."

Apple reached a $490 million settlement of a class-action lawsuit brought by a group of investors who accused Chief Executive Officer Tim Cook of misleading them in 2018 about the company's sales prospects. From a report: Cook made false statements about the company's business in China that caused Apple stock to trade at artificially inflated prices, the investors said in their complaint, which alleged violation of securities laws. Lawyers disclosed the proposed settlement in a request for judicial approval filed Friday in federal court in Oakland, California. The settlement comes as Apple continues to face headwinds in China, where iPhone sales fell by a surprising 24% over the first six weeks of this year, according to independent research released earlier this month. Attorneys for the investors described the settlement as the third-largest securities class-action recovery in the district's history.

The Federal Trade Commission and the Department of Justice have urged the US Copyright Office to broaden exemptions to the Digital Millennium Copyright Act's Section 1201. Specifically, the two agencies are advocating for the extension of the right to repair to include "commercial and industrial equipment," which includes McDonald's ice cream machines that are notorious for breaking down. The Verge reports: Exemptions to DMCA Section 1201 are issued every three years, as per the Register of Copyrights' recommendation. Prior exemptions have been issued for jailbreaking cellphones and repairing certain parts of video game consoles. The FTC and DOJ are asking the Copyright Office to go a step further, extending the right to repair to "commercial and industrial equipment." The comment (PDF) singles out four distinct categories that would benefit from DMCA exemptions: commercial soft serve machines; proprietary diagnostic kits; programmable logic controllers; and enterprise IT. 'In the Agencies' view, renewing and expanding repair-related exemptions would promote competition in markets for replacement parts, repair, and maintenance services, as well as facilitate competition in markets for repairable products," the comment reads.

The inability to do third-party repairs on these products not only limits competition, the agencies say, but also makes repairs more costly and can lead to hundreds or thousands of dollars in lost sales. Certain logic controllers have to be discarded and replaced if they break or if the passwords for them get lost. The average estimated cost of "unplanned manufacturing downtime" was $260,000 per hour, the comment notes, citing research from Public Knowledge and iFixit. As for soft serve machines, breakdowns can lead to $625 in lost sales each day. Business owners can't legally fix them on their own or hire an independent technician to do so, meaning they have to wait around for an authorized technician -- which, the comment says, usually takes around 90 days.

Refund fraud groups are exploiting lenient refund policies, resulting in significant losses for retailers like Amazon and prompting civil lawsuits and arrests. The scheme has become so pervasive that groups now market their services on Reddit, TikTok and Telegram. CNBC reports: Fraud groups are taking advantage of retailers' lenient return policies, experts told CNBC, which often include unlimited free returns and sometimes even a preference that customers keep the items. It's ballooned into a massive problem for retailers, costing them more than $101 billion last year, according to a survey by the National Retail Federation and Appriss Retail. The figure includes multiple forms of fraud, such as sending back clothing after it's been worn, known as "wardrobing," and returning shoplifted merchandise, the survey said.

In December, Amazon filed a lawsuit against Page and 47 other people across the globe with alleged ties to Rekk, accusing them of conspiring to steal millions of dollars worth of products in a refund fraud operation. Amazon described these services as "illegitimate 'businesses'" that look to "exploit the refund process for their own financial gain to the detriment of honest consumers and retailers who must bear the brunt of increased costs, decreased inventory, and service disruption that impacts genuine customers." An Amazon spokesperson said the company is addressing the issue "head on" through specialized teams and machine learning tools that detect and prevent refund fraud.

Here's how it works: A shopper buys a product online and sends the order information to a group such as Rekk, which then poses as the customer in requesting a refund. Amazon refunds the money to the customer, who then pays the fraud group usually between 15% and 30% of the refund amount, often via PayPal or with bitcoin. That means the customer ends up buying the product for what amounts to a huge discount. The fraud group then pays the conspiring employee at the retailer, typically a certain amount for a batch of packages the employee scans as returned.

The head of the National Transportation Safety Board (NTSB) says investigators still do not know who worked on a Boeing 737 MAX 9 door plug involved in a Jan. 5 Alaska Airlines midair emergency and that video footage was overwritten. From a report: NTSB Chair Jennifer Homendy said in a letter to senators that investigators sought security camera footage when the door plug was opened and closed in September but were informed the material was overwritten. "The absence of those records will complicate the NTSB's investigation moving forward," Homendy said. "To date, we still do not know who performed the work to open, reinstall, and close the door plug on the accident aircraft."

The NTSB said previously four key bolts were missing from the door plug that blew out on the plane. Last week, Homendy said she spoke to Boeing CEO David Calhoun "and asked for the names of the people who performed the work. He stated he was unable to provide that information and maintained that Boeing has no records of the work being performed." Boeing said it "will continue supporting this investigation in the transparent and proactive fashion we have supported all regulatory inquiries into this accident. We have worked hard to honor the rules about the release of investigative information." A Boeing official, speaking on condition of anonymity, told Reuters the planemaker standard practice is to overwrite security videos after 30 days.

Amazon is telling workers to close their eyes and dream of being somewhere else while they're standing in a warehouse. From a report: A worker in one of Amazon's fulfillment centers, who we've granted anonymity, sent 404 Media a photo they took of a screen imploring them to try "savoring" the idea of something that makes them happy -- as in, not being at work, surrounded by robots and packages. "Savoring," the screen says, in a black font over a green block of color. "Close your eyes and think about something that makes you happy." Under that text -- which I can't emphasize enough: it looks like something a 6th grader would make in Powerpoint -- there's a bunch of white space, and a stock illustration of a faceless person in an Amazon vest. He's being urged on by an anthropomorphic stack of Amazon packages with wheels and arms. There's also a countdown timer that says "repeat until timer ends." In the image we saw, it said 10 seconds.

Outdoor Voices, an athletic apparel company, is closing all its stores on Sunday, The New York Times reported this week, citing four employees at four different stores. From the report: In an internal Slack message reviewed by The New York Times, some employees were notified on Wednesday that "Outdoor Voices is embarking on a new chapter as we transition to an exclusively online business." Products in stores are going to be discounted 50 percent, according to the Slack message. The news came as a surprise, two of the employees said, adding that they were not offered severance.

Outdoor Voices, which lists 16 retail locations on its website, did not immediately respond to a request for comment. Founded in 2014 by Ty Haney, the brand became popular for its muted tones and highly Instagrammable aesthetics. Think matching crop tops and leggings in pale shades of earthy tones. Its hashtag and company mantra, #DoingThings, became popular on social media, where brand loyalists would regularly share images of themselves participating in athletic activities like running or hiking or spinning. The company often hosted events, like group exercise classes, and even built an editorial platform called The Recreationalist. Many Outdoor Voices customers weren't just shoppers; they were devotees. The company was a chic athleisure brand perfectly positioned to attract millennials, but it was also selling a lifestyle. A lifestyle that helped the brand raise millions in funding.

Beijing has hit out at US legislation to ban TikTok as former Treasury secretary Steven Mnuchin said he was assembling a consortium to buy the app from its Chinese owner. From a report: Foreign ministry spokesperson Wang Wenbin said on Thursday that the US had shown a "robber's logic" towards the app (non-paywalled link), which has 170mn users in America. "When you see other people's good things, you must find ways to own them," Wang said.

The US House of Representatives on Wednesday approved a bill that would force TikTok owner ByteDance to sell the app to a non-Chinese company within six months or be banned from US app stores. It still needs Senate approval and President Joe Biden's signature. Mnuchin said in an interview with CNBC on Thursday that he was putting together an investor group to attempt to take over the short-video app. "It's a great business," he said. "It should be owned by a US business. There's no way the Chinese would ever let a US company run something like this in China." He Yadong, spokesperson for the commerce ministry, on Thursday called on Washington to "stop unfairly suppressing foreign companies."

An anonymous reader quotes a report from Fortune: We are often told that setting the bar high is key to success. After all, if you shoot for the moon and miss, at least you'll land with the stars. But Nvidia's CEO Jensen Huang wants privileged Gen Z grads to lower their expectations. "People with very high expectations have very low resilience -- and unfortunately, resilience matters in success," Huang said during a recent interview with the Stanford Graduate School of Business. "One of my great advantages is that I have very low expectations."

Indeed, as the billionaire boss pointed out, those at elite institutions like Stanford probably have higher expectations for their future than your average Joe. The university is one of the most selective in the United States -- it ranks third best in the country, according to the QS World University Rankings, and the few students who get picked to study there are charged $62,484 in tuition fees for the premium, compared to the average $26,027 per annum cost. But, unfortunately for those saddled with student debt, not even the best universities in the world can teach you resilience. "I don't know how to teach it to you except for I hope suffering happens to you," Huang added. [...]

For those fortunate enough to never have personally experienced hardship growing up, Huang doesn't have any advice on how to welcome more of it into your life now. But he did have some advice on embracing tough times. "I don't know how to do it [but] for all of you Stanford students, I wish upon you ample doses of pain and suffering," Huang said. "Greatness comes from character and character isn't formed out of smart people -- it's formed out of people who suffered."It's why despite Nvidia's success -- the company has a $2 trillion market cap -- Huang would still welcome hardship at his organization."To this day I use the phrase 'pain and suffering' inside our company with great glee," he added. "I mean that in a happy way because you want to refine the character of your company." Essentially, if you want your workforce to always be on their A game, don't let them rest on their laurels.

Roman Sterlingov, the founder of a $400 million crypto-mixing service called Bitcoin Fog, has been convicted of money laundering in a United State District Court on Tuesday. Other charges include money laundering conspiracy, operating an unlicensed money-transmitting business, and violations of the D.C. Money Transmitters Act. CoinTelegraph reports: Sterlingov, however, had argued throughout the trial that he was only a user of the service, and not its operator. His attorney, Tok Ekeland said in a March 12 X post that his team will appeal the verdict. According to evidence presented at the trial, Sterlingov operated Bitcoin Fog from October 2011 to April 2021, which acted as a money laundering service for "criminals seeking to hide their illicit proceeds from law enforcement."

The service moved over 1.2 million Bitcoin over the decade-long operation -- worth $400 million at the time of the transactions -- with the bulk of cryptocurrency coming from darknet marketplaces tied to narcotics, computer fraud abuse and identity theft, the government said. Bitcoin Fog also served distributors of child sexual abuse material. Evidence used to convict Sterlingov found that the "vast majority" of crypto deposited to his crypto exchange accounts came from "Bitcoin clusters" associated with Bitcoin Fog. "Evidence presented at trial clearly showed that the defendant laundered hundreds of millions of illicit funds from the dark web through Bitcoin Fog in an attempt to conceal the origin of those funds," said Internal Revenue Service (IRS) Criminal Investigation Chief Jim Lee.

An anonymous reader shares an excerpt from a Wired article: The U.S. economy is showing remarkable health, but in the tech industry, layoffs keep coming. For those out of work, finding a new position can become a full-time job. And in tech -- a sector notoriously always looking for the next hot, new thing -- some people whose days as fresh-faced coders are long gone say that having decades of experience can feel like a disadvantage. Ageism is a longtime problem in the tech industry. Database startup RelevantDB went viral in 2021 after it posted a job listing bragging, "We hire old people," which played off industry stereotypes. In 2020, the US Equal Employment Opportunity Commission found that IBMhad engaged in age discrimination, pushing out older workers to make room for younger ones. (The company has denied engaging in "systemic age discrimination.") A recent LinkedIn ad that shows an older woman unfamiliar with tech jargon saying her son sells invisible clouds triggered a backlash from people who say it unfairly portrayed older people as out of touch. In response, Jim Habig, LinkedIn's vice president of marketing, says: "This ad didn't meet our goal to create experiences where all professionals feel welcomed and valued, and we are working to replace the spot." [...]

Tech companies have laid off more than 400,000 workers over the past two years, according to Layoffs.fyi, which tracks job cuts in the industry. To older workers, the purge is both a reminder of the dotcom bust, and a new frontier. The industry's generally consistent growth in recent decades as the economy has become more tech-centric means that many more senior workers -- which in tech can sometimes be considered to mean over 35 but includes people in their late forties, fifties, or sixties -- may have less experience with job hunting. For decades, tech workers could easily hop between jobs in their networks, often poached by recruiters. And as tech companies boomed during the Covid-19 pandemic's early days, increased demand for skills gave workers leverage. Now the power has shifted to the employers as companies seek to become efficient and correct that over hiring phase, and applicants are hitting walls. Workers have to network, stay active on LinkedIn, join message boards, and stand out. With four generations now clocking in to work, things can feel crowded.

According to Bloomberg (paywalled), the Pentagon has reportedly scrapped its plan to allocate $2.5 billion in grants to Intel, causing the firm's stock to slip in extended-hours trading. From a report: The decision now leaves the U.S. Commerce Department, which is responsible for doling out the funds from the U.S. CHIPs and Science Act, to make up the shortfall, the news outlet said. The Commerce Dept. was initially only supposed to cover $1B of the $3.5B that Intel is slated to receive for advanced defense and intelligence-related semiconductors. The deal is slated to position Intel as the dedicated supplier for processors used for military and intelligence applications and could result in a Secure Enclave inside Intel's chip factory, the news outlet said. With the Pentagon reportedly pulling out, it could alter how much Intel and other companies receive from the CHIPs Act, the news outlet said.