FLORIDA PAYS $600,000 RANSOM TO HACKERS WHO PARALYSED THE CITY’S COMPUTER SYSTEMS

A Florida city agreed to pay $600,000 in ransom to hackers who took over its computer system, the latest in thousands of attacks worldwide aimed at extorting money from governments and businesses. The Riviera Beach City Council voted unanimously this week to pay the hackers’ demands, believing the Palm Beach suburb had no choice if it wanted to retrieve its records, which the hackers encrypted. The council already voted to spend almost $1 million on new computers and hardware after hackers captured the city’s system three weeks ago. The hackers…

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Computer Science’s Gender Gap Will Take More Than A Century To Fix

The gender gap in computer science research won’t reach equality for more than a century, according to new research released Friday that showed computer science isn’t just lagging behind, it’s also going in the wrong direction. An analysis of 2.87 million computer science research papers between 1970 and 2018 shows that “under our most optimistic projection models, gender parity is forecast to be reached by 2100, and significantly later under more realistic assumptions,” researchers wrote. “In contrast, parity is projected to be reached within two to three decades in the…

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Martin Feldstein was a pillar of American economics

For a half-century Martin Feldstein was everywhere you looked in American economics. He was an astoundingly prolific columnist, sometimes churning out several a week, for several newspapers, on the big economic stories of the day. He was a fixture at conferences and seminars and the teacher, for two decades, of Harvard University’s introductory economics course. He served presidents of both parties. In short Mr Feldstein, who died on June 11th aged 79, was an American economic institution. Born in New York City, he spent most of his life in Cambridge, Massachusetts,…

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Snapdeal launches Miniso products on its platform

BENGALURU: Online marketplace Snapdeal said on Monday it has launched over 150 products of Japanese low-cost brand Miniso on its platform. The products will be spread across categories like beauty, baby care, home furnishing, stationery, mobile accessories, and decor. Popular products include towels, brushes, concealers, power banks, and storage boxes, the company said in a press statement. Miniso products have been priced in the ₹190 to ₹790 range on Snapdeal. With the new partnership with the Japanese retailer, Snapdeal has expanded the selection of value priced international brands available on its portal. Miniso buyers on…

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India’s retaliatory tariffs on 28 US products comes into effect

New Delhi: India has raised tariffs on 28 items exported from the US with effect from Sunday in retaliation to America’s withdrawal of preferential access for Indian products from 5 June. The final notification of tariffs issued by the finance ministry late on Saturday night, minutes before the tariffs came into force, does not include one item that was there in the earlier list, artemia, a type of shrimp. The commerce ministry had on Friday made public India’s intention to go ahead with imposition of duty on American products, a move…

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India imposes higher customs duty on 28 US products

The increased customs duties will come into effect from Sunday India on Saturday announced a hike in customs duties on as many as 28 US products, including almond, pulses and walnut, in response to higher tariffs imposed by Washington on Indian products like steel and aluminium. The increased customs duties will come into effect from Sunday, an official notification said. The move will hurt American exporters of these 28 items as they will have to pay higher duties, making those items costlier in the Indian market. Amending its June 30,…

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Why are we still pretending ‘trickle-down’ economics work?

Art Laffer’s career has been heavy on punditry, light in academic rigor, and absolutely destructive for the average American and the long-term health and sustainability of our economy. Photograph: AP Next Wednesday, Donald Trump will award the Presidential Medal of Freedom to the arch-conservative economist Art Laffer. Sadly, Laffer’s career has been heavy on punditry, light in academic rigor, and absolutely destructive for the average American and the long-term health and sustainability of our economy. A number of economists have already dismissed Laffer’s signature supply-side economics theory as pure nonsense. For his…

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Distance education mess

Recently Professor NR Madhava Menon, the founding Vice Chancellor (VC) of my alma mater, the National University of Juridical Sciences (NUJS), Kolkata and one of the founders of the national law university (NLU) project, passed away. Few remember that Professor Menon was also the author of modern regulations governing open and distance learning (ODL) in India. Tragically, this legacy is being tarnished at NUJS, which has been a persistent violator of ODL regulations of the Indira Gandhi National Open University (IGNOU) and University Grants Commission (UGC) since 2008. The regulatory…

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