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26 Oct 01:31

McDonald's Is Cutting Ties With Heinz For Hiring Former Burger King CEO

by Reuters

ketchup mcdonald's

(Reuters) - World's biggest fast-food chain seeks new ketchup for its famous french fries.

McDonald's Corp on Friday said it plans to end its 40-year relationship with ketchup maker H.J. Heinz Co, since that company is now led by Bernardo Hees, the former chief executive of hamburger rival Burger King Worldwide Inc.

"As a result of recent management changes at Heinz, we have decided to transition our business to other suppliers over time," McDonald's said in a statement.

"We have spoken to Heinz and plan to work together to ensure a smooth and orderly transition," said McDonald's, which has more than 34,000 restaurants around the globe.

A spokesman for Heinz did not immediately respond to requests for comment.

The switch will be more apparent overseas than in the United States, since McDonald's only serves Heinz ketchup in two domestic markets - Pittsburgh and Minneapolis, the Pittsburgh Post-Gazette reported on Friday.

The move from McDonald's could benefit Heinz ketchup rivals Hunt's, owned by ConAgra Foods Inc, and Del Monte.

Warren Buffett's Berkshire Hathaway and an investment fund affiliated with 3G Capital bought Heinz for $28 billion in June and immediately named Hees CEO.

Burger King went public in June 2012, less than two years after it was taken private by 3G Capital Management LLC, which retains a stake in the fast-food chain.

(Reporting by Lisa Baertlein in Los Angeles; Editing by Leslie Adler)

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26 Oct 01:30

The Pentagon's Report On The Importance Of Not Classifying Everything Is Redacted

by Brian Jones

redacted

Can the Pentagon inspector general investigate irony?

After the Pentagon released a report on over-classification, and saw fit to redact portions of it, it may be time to launch an official irony inquiry. 

Misclassification is a serious issue in the armed services. Executive Order 13526, signed Dec. 29, 2009, dictates that information be classified at the lowest possible level, to prevent creating a culture of secrecy without public access to information.

The report found that for the most part, the guidelines for classification were followed, but there is definite room for improvement.

Not much of the IG's report is redacted, but it should have occurred to someone that the optics of this are terrible.And who are we supposed to contact for more information, since that's apparently a state secret?

The irony wasn't lost on the foreign affairs community either, but not much gets past Noah Shachtman, Foreign Policy's executive editor:

The Pentagon's internal review of over-classification is redacted. Of course. http://t.co/cKalaCrPjY

— Noah Shachtman (@NoahShachtman) October 25, 2013

SEE ALSO: Man Sits Behind Ex-CIA Director On The Train, Eavesdrops, And Live-Tweets His Conversation

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26 Oct 01:30

Koffers vol harddrugs na 'gewonnen vakantie'

SYDNEY - Criminelen zetten vermoedelijk nietsvermoedende Australische ouderen in om drugs te smokkelen. Dat berichtte de BBC vrijdag. Een Canadees nep-reisbureau lokt pensionado's de grens over, waarna de ouderen terugkeren met koffers vol harddrugs.

26 Oct 01:30

Boeing en Lockheed willen samen bommenwerper bouwen

SEATTLE - De luchtvaart- en defensieconcerns Boeing en Lockheed Martin willen samen een nieuwe bommenwerper ontwerpen en bouwen voor de Amerikaanse luchtmacht. Dat maakten de twee bedrijven vrijdag bekend. De waarde van de order voor bommenwerpers voor de lange afstand kan in de tientallen miljarden dollars lopen.

26 Oct 01:30

How The Hardest Hit Areas From Hurricane Sandy Look One Year Later

by Christina Sterbenz

A year ago this week, Hurricane Sandy devastated coastal communities from Jamaica to Canada. In the U.S. alone, the storm caused an estimated $65 billion in damages.

The Tri-State area was arguably hit the hardest, and some families still haven't recovered. To show the devastation and recovery — or lack thereof — Getty photographers published a series of shots from the disaster and a year later. Here are some of the comparisons:

Floodwaters rushed through New York City's Carey Tunnel; a year later, it's back to normal.

flooding New York City Hurricane Sandy now and then

Cars were destroyed in the storm, but this corner of New York City held up.

floating cars hurricane sandy now and then

Hurricane Sandy hit residential areas the hardest.

red house flooded Hurricane Sandy now and then

The superstorm obliterated this man's house. He and his wife have lived in RV on their property for the last year.

house destroyed trailer hurrican sandy

Other families left their homes entirely.

home destroyed abandoned lot Hurricane Sandy

The lucky few avoided serious damage but still faced fallout from the storm. Below, a woman walks her dog in Staten Island where Sandy had shoved boats ashore.

Before and After Hurricane Sandy

Some communities, like Seaside Heights in New Jersey, have slowly rebuilt.

Hurricane Sandy rebuilt Seaside Heights

Other places remain untouched.

abandoned house Hurricane Sandy

This Jersey woman placed her house on stilts to avoid heartbreak from future disasters.

house on stilts Hurricane Sandy now and then

Beach communities, like this one in Breezy Point, Queens, suffered terrible loss.

beach now and then Hurricane Sandy

The area won't get back to normal for a long time.

185658422

Sandy clobbered the Seaside Heights boardwalk too, taking memories down with it. The amusement park is still under construction.

destroyed board walk Hurricane Sandy

Some areas, like Monmouth Beach in New Jersey, recovered more quickly.

monmouth beach before and after

SEE ALSO: Incredible pictures of Sandy damage from New York City

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26 Oct 01:11

FBI seizes over $27 million in bitcoins, likely from Silk Road suspect

by Cyrus Farivar

When we left off earlier this month, the FBI had acknowledged that it seized over 26,000 bitcoins as part of its case against the Silk Road, the infamous Bitcoin- and Tor-fueled illicit marketplace.

But on Friday, an anonymous source at the FBI told Forbes that the agency has now also seized 144,000 bitcoins, worth over $27 million at current exchange rates.

The magazine reports:

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26 Oct 00:54

'Propellertijdperk' bij Lufthansa ten einde

FRANKFURT - Met de start van het nieuwe winterseizoen verdwijnen dit weekend de laatste propellervliegtuigen de Lufthansa-vloot. Naast drie ATR 72-500’s bij het Italiaanse dochterbedrijf Air Dolomiti verlaten ook vijf Bombardier Q400’s de vloot. Beide typen werden onder de vlag van Lufthansa Regional ingezet op vluchten van en naar München.

26 Oct 00:42

US Charges Man For Trying To Buy Missiles For Iran

by Agence France Presse

Iran Missile

A man with dual US and Iran citizenship was indicted in a New York court Friday on charges of conspiring to buy surface-to-air missiles on behalf of the Iranian government.

Reza Olangian, 53, was arrested in Estonia in October 2012 as part of a sting operation and extradited to the United States on March 26, 2013.

US attorney Preet Bharara in the South District of New York said the suspect first tried to buy 100 surface-to-air missiles for Tehran in 2007, but the deal fell through.

In early 2012, he is accused of negotiating a separate deal for aircraft parts and 200 surface-to-air missiles with an undercover DEA agent who posed as a broker.

From Tehran, he allegedly detailed plans for procuring the order and smuggling it overland into Iran through Afghanistan or another neighboring country.

After Olangian's arrest, he allegedly confessed that the missiles were intended for the Iranian government and the aircraft parts for Iranian military aircraft.

There have been no diplomatic relations between Tehran and Washington since Iran's 1979 Islamic revolution.

Copyright (2013) AFP. All rights reserved.

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26 Oct 00:42

DOA: The Galaxy Gear reportedly has a 30 percent return rate at Best Buy

by Ron Amadeo
Ron Amadeo

If you hesitated to call the Galaxy Gear a flop after all of the negative reviews, consumers have weighed in with their opinion of the device too, and it's not pretty: nearly a third of Galaxy Gear owners return the device.

Geek.com has obtained an internal memo from Best Buy and Samsung pegging the return rate at "above 30 percent." It sounds like the companies are somewhat puzzled by this, as the memo asks employees to help figure out why customers are so dissatisfied. Consumers are probably running into the same problems we found in our review: The Galaxy Gear requires a smartphone, but is incompatible with most smartphones. It's supposed to relay notification information from apps, but it doesn't support the vast majority of apps, including apps made by Google, which are among the most popular on Android.

While several Samsung phones will eventually be updated to work with the Gear, Samsung only controls about 24 percent of the US market. Even if the Gear worked with every Samsung phone, it would still be incompatible with 76 percent of smartphones.

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26 Oct 00:40

McDonalds zet Heinz-ketchup opzij

Fastfoodketen McDonalds verbreekt na 40 jaar het contract met Heinz omdat de ketchupfabrikant sinds juni een nieuwe topman heeft. Het gaat om de voormalige baas van concurrent Burger King.
26 Oct 00:25

Microsoft’s IE11 doesn't work well with Google or Outlook

by Dave Neal
Microsoft’s IE11 doesn't work well with Google or Outlook

Business as usual


    


26 Oct 00:04

The Verge Book Club Podcast: 'Ship Breaker' with Paolo Bacigalupi

by Adi Robertson

September's book club was Ship Breaker, a young adult novel set in a world ravaged by the effects of global warming. It's a fast-paced, thoughtful story about family, environmental disaster, and parasailing clipper ships. A month later, Adi and Laura sat down with the book's author, Paolo Bacigalupi. Among other things, Bacigalupi is known for The Windup Girl, which won the Hugo and Nebula awards for best novel in 2009 and was named one of the top ten fiction books of the year by Time magazine.

With October almost behind us, we'll be meeting again soon to discuss Doctor Sleep, and there's still time to vote for our November pick.

Continue reading…

26 Oct 00:04

Leaked Moga Ace Power game controller tops off your iPhone's battery

by Sean Hollister

It looks like it won't be long before you'll be able to buy a standardized iOS game controller for your iPhone or iPod touch. Logitech's alleged upcoming controller leaked out just last month, and today, @evleaks revealed that Moga is working on a gamepad as well — one that can charge your iPhone while you play. It's called the Moga Ace Power, and it includes an 1800mAh battery pack alongside a fairly complete set of Xbox 360-style controls. Unlike the company's previous controllers, though, there's no arm that flips out to hold your phone: you simply pull the two halves of the controller apart wide enough to fit your device, stretching them apart like extremely springy pizza dough.

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26 Oct 00:01

Now Available on Steam - RIFT Free to Play

by Valve
RIFT is Now Available Free to Play on Steam!

Join thousands in the award-winning free-to-play MMORPG RIFT® and enter the world of Telara as an immortal Ascended. Go to war against the primal armies of the elemental planes in an ever-changing landscape full of massive dynamic battles and countless dungeons and raids. Build your own class using the Ascended Soul system and embark on epic conflicts that bring you into the story, taking your RPG experience to new heights of achievement and excitement!

25 Oct 23:53

Hackers lokken PHP-ontwikkelaars in de val

by Henk-Jan Buist
Hackers hebben toegang gekregen tot 2 servers van PHP.net en gezorgd dat bezoekers werden doorgeleid naar een exploitkit.
25 Oct 23:14

US spying 'may harm terror fight'

EU leaders meeting in Brussels say distrust of the US over spying could harm intelligence-gathering in the fight against terrorism.
25 Oct 23:13

North Korea returns six S Koreans

North Korea returns six South Korean men, aged between 27 and 67, to their homeland, South Korean officials say, in a rare handover.
25 Oct 23:12

Car bomb targets Syrian mosque

At least 40 people, some of them children, have been killed in a car bomb blast outside a mosque in Syria's Damascus province, activists say.
25 Oct 23:12

Small tsunami hits Japan after quake

A small tsunami triggered by a quake hits Japan's eastern coast - where the crippled Fukushima nuclear plant is located - but no damage is reported.
25 Oct 23:12

Batman: Arkham Origins Blackgate review: Trust

by Danielle Riendeau

Batman: Arkham Origins Blackgate is a leaner, scrappier Arkham game.

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25 Oct 22:13

GTA Online stimulus package delayed due to ongoing technical issues

by Andrew Webster

Earlier this month Rockstar announced that it would be giving GTA Online players $500,000 of in-game currency to make up for the title's rocky launch. That money was expected to be available not long after a recent title update, but due to ongoing technical problems the developer has decided to delay the cash gift. "We of course want to ensure that game progress loss issues are sufficiently sorted before distributing the GTA$ to everyone," Rockstar explained. "We have a few more tweaks and fixes to make in a new title update that will hit sometime next week and then we will distribute the cash." No specific date was given, but considering GTA Online's ongoing troubles, you may want to just stick to playing Grand Theft Auto V in...

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25 Oct 22:12

Two decades after he vanished, Red Baron's creator is back

by Emily Gera

In 1994, Damon Slye - the man best known as creator of a series of historic flight simulator that included Red Baron - got his pilot's license, bought a plane and left the industry for good.

At least it seemed that way. "I needed a break," he tells Polygon, now officially returning to the Red Baron license he first helped develop in 1990. Slye started in the industry at 18 and later co-founded the games development studio Dynamix. "I was burnt out," he says.


"We started a game company and grew it from two people to two hundred. It was a great ride, but I needed a break. We sold to Sierra, who by the way, were great partners, and I did the work I'm most proud of after the acquisition. But, I had been making games pretty much 24-7...

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25 Oct 22:12

How a video game could help children with food allergies

by Dave Tach

Elizabeth McQuaid, a psychologist at Bradley Hasbro Children's Research Center, is overseeing the trial launch of a video game designed to help children with food allergies.

McQuaid teamed up with developer Virtually Better to test a web-based game for children 8-12. Researchers hope the software, which puts players in scenes intended to help them learn more about food allergies, symptoms and reaction management, will reduce the risk of allergic reactions.

During the trial, 32 children and their families will use the software three times a week for four weeks. Participants will then be questioned about their overall knowledge and confidence about food allergy management.

"Pediatric food allergy is a serious health issue that now...

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25 Oct 22:11

Opinion: Why sequels are sometimes good for gamers — and how they can be better

by L. Rhodes

Which is not to dismiss the satisfaction to be had from fighting off a grizzly bear attack with an 8-hit sequence.That minor dose of achievement — of having used a specialized skill to overcome an obstacle — may well be the fuel that drives us back to a game time after time.

It may also help explain why the medium sometimes seems so repetitious. The biggest game of the year so far — Grand Theft Auto 5 — is the 5th installment of a franchise that's been around since 1997. But that's just counting the series' core titles. All told, there have been fifteen Grand Theft Auto releases over the span of sixteen years, including major expansions, mission packs and portable incarnations.

Achievement may be the fuel that drives us back to...

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25 Oct 22:07

South Koreans Spend Way Too Much Money On Education

by Business Insider

south korea school students

MIRIM HIGH SCHOOL for girls in Seoul is living proof that South Koreans take education seriously. The students, aged 15 to 18, bow respectfully whenever a teacher passes. Many of them board, and all attend extra-curricular classes from 6pm to 9pm. Do they work too hard? Chang Byong-gap, the headmaster, laughs at the question.

South Korea’s passion for education has historical roots. In the early years of the Choson dynasty, which lasted from 1392 to 1910, those who passed a civil-service exam could gain entry to the privileged yangban class, a scholarly aristocracy. Those roots were reinforced by more recent history, notes Michael Seth, author of "Education Fever". Under Japanese colonial rule between 1910 and 1945, Koreans’ educational aspirations were frustrated, resulting in pent-up demand. In the carnage of the Korean war of 1950-53, many of the old social hierarchies crumbled, convincing people they could succeed by their own efforts. Before 1971 children were taught in two shifts because school-building could not keep up with the numbers. By 1980 almost every primary-school student was going on to middle school at age 11. In 1995 the government promised to usher in an "edutopia", encouraging the entry of private universities.

In response, higher education boomed. The proportion of high-school graduates going on to higher education rose from 40% in the early 1990s to almost 84% in 2008. But since then, remarkably, the rate has declined (see chart 2). South Korea’s national obsession with ever higher levels of education appears to have reached a ceiling.

Despite their top-notch schooling, none of the girls graduating from Mirim High School this year went straight on to a full-time university degree. The school is one of 35 "Meister" schools introduced by the previous president, Lee Myung-bak, in an effort to raise the prestige of vocational education and break the grip of universities on the minds of South Korean parents, 93% of whom expect their children to go to college. The schools, modelled on Germany’s example, aim to produce masters of a trade (known as Meister in German) rather than bookish swots. Mirim High School concentrates on the programming and design of apps that people download onto their smartphones and tablets.

In the past, parents pushed children to enter university whatever their aptitude or inclination, says Seo Nam-soo, the education minister. Some wanted their children to go on to higher education because they never had the chance themselves. But a growing number now believe their children should do what makes them happy, he says.

Parents may also be deterred by the cost. Throughout their children’s school years, they spend an extraordinary amount preparing them for the brutally competitive day-long university entrance exam, the suneung. All told, education accounted for nearly 12% of consumer spending last year.

A big chunk of that went on extra English classes. Learning the language has become a "collective neurosis", according to one professor. Some mothers move with their children to an English-speaking country. A cheaper alternative is to spend a summer at a mock-English village in South Korea, such as the Gyeonggi English Village, a place with red telephone boxes where only English is spoken.

The cost of education may be the main reason why South Koreans are having so few babies. In surveys, they cite financial burdens as the biggest obstacle and single out education as one of the heaviest components. Thomas Anderson and Hans-Peter Kohler of the University of Pennsylvania have shown that the South Korean provinces with the lowest fertility rates are also the places where families spend the most on education.

This spending, however, no longer yields rich returns. Going to university racks up tuition fees and keeps young people out of the job market for four years. After graduation it takes an average of 11 months to find a first job. Once found, the jobs remain better paid and more secure than the positions available to high-school graduates, but the gap is narrowing. The McKinsey Global Institute reckons that the lifetime value of a college graduate’s improved earnings no longer justifies the expense required to obtain the degree. The typical Korean would be better off attending a public secondary school and diving straight into work.

If the private costs are no longer worthwhile, the social costs are even greater. Much of South Korea’s discretionary spending on private tuition is socially wasteful. The better marks it buys do not make the student more useful to the economy. If one student spends more to improve his ranking, he may land a better job, but only at the expense of someone else.

In the first decades of the South Korean republic the government tried to keep up with the education fever, building schools and hiring teachers at a frantic pace. In more recent decades it has tried to cool it down. In 1971 it abolished the entrance exam for middle school, but that only heightened the competition for high-school places, so a few years later it replaced the high-school entrance exam with a lottery. The result was the insanely competitive university entrance exam. By easing competition at one stage of education, it only intensified it at the next.

In 1980 the government outlawed private out-of-school tutoring, which drove the industry underground. The ban was declared unconstitutional in 2000. Since then efforts to soothe the education fever have been more modest. Seoul imposes a 10pm curfew on cramming schools, but pupils can dodge the curfew by learning online after hours. The government will introduce test-free semesters in all middle schools by 2016 to give pupils some relief from rote learning.

South Korea’s education arms race poses a puzzle. Students spend vast amounts of time and money to move up in the queue for good jobs. But queues are needed only for things that are in short supply. Why should good jobs be rationed? The number of "good" employers should, in principle, expand in line with the scale and skill of the available workforce. So perhaps the preoccupation with educational qualifications reflects problems in the labour market.

As South Koreans see it, good jobs are indeed rationed. The university-educated aspire to work in the government and its allied enterprises, the banks or the chaebol, South Korea’s family-owned conglomerates. These employers provide the kind of secure, well-paid and prestigious jobs with which the rest of the labour market cannot compete. South Koreans refer to some of them as "God’s place". The very best are known as "the place that even God does not know".

Queuing for God’s place

The well-educated are prepared to "queue" for these jobs by adding to their educational credentials and even by enduring post-graduation unemployment until a job becomes available. Of the 5.4m South Koreans aged 15-29 who are not economically active, 11% are preparing for various kinds of professional exams to enter God’s place.

A similar division prevails among blue-collar workers. Hyundai Motor, which makes about 40% of the cars sold in South Korea, has 59,800 regular workers as well as over 6,000 "temporary" workers, often hired by companies set up expressly for that purpose. The two kinds of employees do identical amounts of the same work on the same site, but the temporary staff get paid only 70% of the regulars’ wages, according to union leaders, or 85%, according to the management.

The regular workers are represented by a union with 19 full-time leaders, paid for by the company. In the stairwell of the union offices a cartoon strip depicts a huddle of flagellated men turning on their whipmaster. Inside, union members are voting on a settlement to end their latest strike, one of many in recent years. They had drawn up a long list of demands, one of which in particular caused public outrage. Hyundai Motor subsidises the university education of its workers’ children. The union wanted it also to subsidise the vocational education of children who do not go to college. Moon Young-moon, a union leader who has worked at Hyundai Motor for 27 years, says he is just moving with the times. It is, after all, government policy to "remove the social pressure to go to university".

Not all chaebol jobs are good jobs, but as far as South Koreans are concerned, most good jobs are still chaebol jobs. Will that remain true?

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25 Oct 21:06

Twitters aandelenwaarde valt veel lager uit

by Chris Koenis
De aanstaande beursgang van Twitter is ook qua aandeelprijs erg voorzichtig te noemen. Dat is verstandig gezien de winstcijfers.
25 Oct 21:06

Nederlandse TorRAT-bende maakte bankingmalware zelf

by René Schoemaker
De Nederlandse bende achter TorRAT, die gisteren is opgepakt, heeft de malware zelf ontwikkeld, blijkt uit onderzoek.
25 Oct 21:06

PHP.net hacked and malware injected

by Dave Neal
PHP.net hacked and malware injected

Visitors are in a compromised position


    


25 Oct 21:05

Daylight Saving Time Is Bad For Health

by Jennifer Welsh

Daylight Saving Time

Daylight saving time (DST) is about to end, and an interesting thing that you might not realize is how such a small shift in our time can have a large impact on our body clock and our health.

These negative impacts of daylight saving time even cost us real money in lost productivity.

DST starts at 2:00 a.m. (the clock gets turned forward to 3:00 a.m.) on the second Sunday in March and ends at 2:00 a.m. (the clock gets turned back to 1:00 a.m.) on the first Sunday of November.

It was enacted during World War I to decrease energy use. Benjamin Franklin first advocated for the practice in 1784 because he noticed that people used candles at night and slept past dawn in the mornings. By shifting time by an hour during the summer, they would burn fewer candles and not sleep through the morning sunlight.

The debate still rages as to if this time-switch does save energy, but along the way we've seen signs that it has negative effects on our health and the economy. 

Surprising health impacts

tired at workTransitions associated with the start and end of DST disturb sleep patterns, and make people restless at night, which results in sleepiness the next day, even during a "Fall back" period, since when we Fall Back, we might have trouble adjusting to going to sleep "later" after the time change.

This sleepiness leads to a loss of productivity and an increase in "cyberloafing" in which people muck around more on the computer instead of working. That finding was from a 2012 report in the Journal of Applied Psychology.

During the first week of DST (in the late winter) there's a spike in heart attacks, according to a study in the The American Journal of Cardiology (and other previous studies). That's because losing an hour of sleep increases stress and provides less time to recover overnight. 

The opposite is true when we gain an extra hour of sleep. The end of daylight saving time causes a decrease in heart attacks

Deadly car crashes decrease during DST (the spring, summer, and fall), because it's more likely to be light out when there are more people on the road, for example going to and returning from work or school.

But, that's not likely true on the Monday after DST starts. Groggy people driving in the dark are more prone to accidents. Getting some extra sun in the morning or going to sleep earlier or sleeping in slightly could help.

car accident crashResearch has found that having DST all year round could decrease deaths from traffic accidents even more — saving up to 366 lives, according to a 2004 study in the journal Accident Analysis & Prevention.

Accidents at work happen more often and are more severe after springing forward, according to a study of miners published in the Journal of Applied Psychology in 2009.

A study published in 2008 in the journal Sleep and Biological Rhythms found an uptick in suicides in Australian men during the first weeks after daylight saving time.

Why?

The impacts of DST are likely related to our body's internal circadian rhythm, the still-slightly-mysterious molecular cycles that regulate when we feel awake and when we feel sleepy, as well as our hunger and hormone production schedules.

Light dictates how much melatonin our bodies produce. When it's bright out, we make less. When it's dark, our body ramps up synthesis of this sleep-inducing substance.

Just like how jet-lag makes you feel all out of wack, daylight saving time is similar to just scooting one time zone over for a few months.

The problems with DST are the worst in the spring, when we've all just lost one hour of sleep. The sun rises later, making it more difficult to wake in the morning. This is because we reset our natural clocks using the light. When out of nowhere (at least to our bodies) these cues change, it causes big confusion.

Like anytime you loose sleep, springing forward causes decreases in performance, concentration, and memory common to sleep-deprived individuals, as well as fatigue and daytime sleepiness.

Night owls are more bothered by the time changes than morning people. For some, it can take up to three weeks to recover from the sleep schedule changes, according to a 2009 study in the journal Sleep Medicine. For others, it may only take a day to adjust to this new schedule.

That's not all

All of these impacts have economic costs too. An index from Chmura Economics & Analytics, released in March suggests that the cost could be up to $434 million in the U.S. alone. That's an added up figure from all of the health and lost productivity mentioned above. 

Other calculations suggest this cost could be up to $2 billion — just from the 10 minutes twice a year that it takes for every person in the U.S. to change their clocks. (If you calculate 10 minutes per household instead of per person this "opportunity cost" is only $1 billion.)

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25 Oct 21:05

Pinterest's Eventual Monetization Strategy Should Focus On Mobile

by Tony Danova

Mobile Insights is a daily newsletter from BI Intelligence delivered first thing every morning exclusively to BI Intelligence subscribers. Sign up for a free trial of BI Intelligence today.


pinterest

Over Three-Fourths Of Pinterest Usage Comes From Mobile (All Things Digital)
Pinterest revealed it is raising a Series E round of funding worth $225 million, to bring its total funding to $564 million since 2010.

On top of this, the latest valuation sets Pinterest as a $3.8 billion company. 

Along with this news, Pinterest also shared a few new stats:

  • It's mobile audience has grown 50% during 2013 and now makes up three-fourths of total Pinterest usage. 
  • Pinterest's international audience grew 125%, and the company plans to launch in 10 more countries before the end of the year. 
  • They will expand their monetization program from test phase into a global program.

With mobile usage soaring, it would behoove Pinterest to target its mobile platform first when expanding the next phase of its monetization program. Pinterest also struck another beneficial deal for its mobile platform — Latin American and European carrier Telefonica will pre-install Pinterest on all Google Android phones sold in those regions. Read >

In other news...

Microsoft released its third quarter earnings. Its Surface line of tablets generated $400 million in revenue. (TechCrunch)

Twitter announced it will offer 70 million shares at $17-$20 per share to raise up to $1.4 billion in its IPO. (TechCrunch)

Zynga's earnings are out, and its monthly active user base fell 57% year-over-year to 133 million in another disappointing quarter. (CNet)

Instagram posted a preview of how its ads will look. The company will roll out a test phase in the U.S. next week. (Instagram)

Google's new banner ads for brands push actual Google search results to the very bottom of the screen. (ARS Technica)

The 2 1/2 year old iPad 2 made up almost one-quarter of Apple's iPad sales in the third quarter, according to Consumer Intelligence Research Partners. (All Things Digital)

Same Old Amazon: All Sales, No Profit (Bloomberg Businessweek)

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