Science and Technology

The First Secret Asteroid Mission Won’t Be the Last
Science and Technology

The First Secret Asteroid Mission Won’t Be the Last

For generations, Western space missions have largely occurred out in the open. We knew where they were going, why they were going there and what they planned to do. But the world is on the verge of a new era in which private interests override such openness, with big money potentially on the line.Sometime in the coming year, a spacecraft from AstroForge, an American asteroid-mining firm, may be launched on a mission to a rocky object near Earth’s orbit. If successful, it will be the first wholly commercial deep-space mission beyond the moon. AstroForge, however, is keeping its target asteroid secret.The secret space-rock mission is the latest in an emerging trend that astronomers and other experts do not welcome: commercial space missions conducted covertly. Such missions highlight gaps in...
Tesla Strike in Sweden Highlights a Culture Clash
Science and Technology

Tesla Strike in Sweden Highlights a Culture Clash

The Tesla technicians who walked off their jobs in Sweden say they still support the mission of the American company and its headline-grabbing chief executive. But they also want Tesla to accept the Swedish way of doing business.They call it the Swedish Model, a way of life that has defined the country’s economy for decades. At its heart is cooperation between employers and employees to ensure that both sides benefit from a company’s profit.Instead, four technicians who walked off their jobs on Oct. 27 said, they have been subjected to what they described as a “typical U.S. model”: six-day workweeks, unavoidable overtime and an unclear evaluation system for promotion.“Just work, work, work,” said Janis Kuzma, one of the technicians on strike.The union representing the Tesla workers, IF Met...
This N.Y.U. Student Owns a  Million Crypto Mine. His Secret Is Out.
Science and Technology

This N.Y.U. Student Owns a $6 Million Crypto Mine. His Secret Is Out.

Jerry Yu has the trappings of what the Chinese call second-generation rich. He boasts a Connecticut prep-school education. He lives in a Manhattan condominium bought for $8 million from Jeffrey R. Immelt, the former General Electric chief executive. And he is the majority owner of a Bitcoin mine in Texas, acquired last year for more than $6 million.Mr. Yu, a 23-year-old student at New York University, has also become — quite unintentionally — a case study in how Chinese nationals can move money from China to the United States without drawing the attention of authorities in either country.The Texas facility, a large computing center, was not purchased with dollars. Instead, it was bought with cryptocurrency, which offers anonymity, with the transaction routed through an offshore exchange, p...
Substack Says It Will Not Ban Nazis or Extremist Speech
Science and Technology

Substack Says It Will Not Ban Nazis or Extremist Speech

Under pressure from critics who say Substack is profiting from newsletters that promote hate speech and racism, the company’s founders said Thursday that they would not ban Nazi symbols and extremist rhetoric from the platform.“I just want to make it clear that we don’t like Nazis either — we wish no one held those views,” Hamish McKenzie, a co-founder of Substack, said in a statement. “But some people do hold those and other extreme views. Given that, we don’t think that censorship (including through demonetizing publications) makes the problem go away — in fact, it makes it worse.”The response came weeks after The Atlantic found that at least 16 Substack newsletters had “overt Nazi symbols” in their logos or graphics, and that white supremacists had been allowed to publish on, and profit...
New Jersey Deli Scheme Leads to Securities Fraud Guilty Plea
Science and Technology

New Jersey Deli Scheme Leads to Securities Fraud Guilty Plea

A man involved in a brazen plot to manipulate the stock price of a New Jersey deli’s parent company pleaded guilty to securities fraud on Wednesday.James T. Patten, 64, of North Carolina, admitted to orchestrating a series of misleading trades in an apparent bid to enrich himself and two co-defendants in U.S. District Court in Camden, N.J.Mr. Patten faces up to 20 years in prison and a fine of up to $5 million for securities fraud. He also pleaded guilty to a charge of conspiracy to commit securities fraud, which carries a maximum sentence of five years in prison and a fine of up to $250,000.Mr. Patten’s lawyer, Ira Lee Sorkin, said in an interview on Wednesday that attention on the case “was exaggerated beyond any perception — that this was some $100 million fraud involving a delicatessen...
The Year in Social Media
Science and Technology

The Year in Social Media

Ozempic ManiaWeight loss drugs made their way to the online set this year, with some influencers casting stigma aside and unabashedly proclaiming their Ozempic use.Djerf Dupe DramaMatilda Djerf, a popular Swedish influencer and a founder of the fashion brand Djerf Avenue, irked fans when her team started reporting TikTok videos that mentioned places to purchase dupes — inexpensive copies — of her pricey designs.Rocky Hockey RomanceDrama rippled through a niche literary community — fans of hockey romance novels — when Felicia Wennberg, the wife of the N.H.L. player Alex Wennberg, said that certain book lovers had become “predatory and exploiting” in their comments about her husband.Bud Light BacklashIn April, the transgender influencer Dylan Mulvaney partnered with Bud Light for a video pro...
Powell, Fed’s Chair, Unleashes the Bulls
Science and Technology

Powell, Fed’s Chair, Unleashes the Bulls

Higher for (not much) longer The “everything rally” has gone global, sending stocks and bonds soaring in Asia and Europe and lifting U.S. stock futures, after investors got their clearest signal yet that the Fed would begin cutting interest rates soon. Hopes are growing, too, on Thursday that other central banks will follow suit.The Fed delivered an unexpectedly dovish forecast on Wednesday, penciling in three rate cuts next year. Those moves are projected to lower the Fed’s prime lending rate to 4.6 percent, a notable drop from the central bank’s last estimate in September.The revision sent the Dow Jones industrial average to a record high. The S&P 500 also achieved that marker on a so-called total return basis — which would take dividends into account — according to Deutsche Bank ana...