Bill Gates Regains the Position of World's Richest Person
jones_supa writes "Bill Gates is once again the world's richest person. He recaptured the title from Mexican investor Carlos Slim, as Microsoft hit a five-year high. It is the first time Gates has held the mantle since 2007. His fortune is valued at $72.7 billion, up 16 percent year-to-date. At the same time, Mr. Slim's América Móvil, the largest mobile-phone operator in the Americas, has dropped 14 percent this year after Mexico's Congress passed a bill that could quash the billionaire's market dominance. That's helped erase more than $3 billion from the tycoon's net worth. What comes to Bill Gates, most of his fortune is held in Cascade Investment LLC, a holding entity through which he owns stakes in more than a dozen publicly traded companies and several closely held operations. He has donated $28 billion to the Bill & Melinda Gates Foundation."
Records Labels Prepare Massive 'Pirate Site' Domain Blocking Blitz
An anonymous reader writes "In their ongoing battle against websites said to infringe music copyrights, record labels have initiated a fresh wave of actions aimed at forcing UK ISPs to carry out domain blocking. This third wave is set to be the biggest so far, affecting as many as 25 domains and including some of the world's largest torrent sites and file-hosting search engines. Furthermore, the BPI – the entity coordinating the action – will ask courts to block U.S.-based music streaming operation, Grooveshark."
Bing Improves Its People Search With Autosuggest
Bing recently introduced its updated people search feature and today, Microsoft is adding a few improvements to its people search that will make it even easier to find information about celebrities, politicians, athletes and many people with a public LinkedIn profiles. Bing’s search box now autosuggests names as you type. Because many people share the same name, this also means that it’s now easier to tell Bing who exactly you are looking for before you even hit the return key. According to the Bing team, about 10 percent of searches on Bing are currently about people. This makes it the second most important search category on the service, right after navigational queries. Microsoft has invested heavily into improving its people search and other semantic search features on the site, which now compete directly with Google’s Knowledge Graph. Bing’s Satori Entity Engine powers all of these features, which are typically revealed in Bing’s Snapshots bar (that is, in between the regular ...
Offshore 3D Printed Gun Blueprint Protector Kim Dotcom Reportedly Deleting Files
3D printed guns are reportedly even too scary for the infamous free-information hacker, Kim Dotcom. After the U.S. State Department demanded that the designer of the world’s first fully printable gun remove the files from his network, New Zealand-based Dotcom committed to keeping them safely online in his offshore legal safehaven. According to New Zealand’s Newstalk ZB website, “The plans were available on Dotcom’s Mega website, but the New Zealand-based entrepreneur asked his staff to delete the public files. Dotcom says he thinks they are a serious threat to security of the community.” We have reached out to Dotcom and will update readers with more information as we receive it. Last week, Texas law school graduate Cody Wilson made global headlines for freely distributing digital blueprints for manufacturing a lethal weapon with a 3D printer. In a mere week, Senator Chuck Schumer called for immediate regulation and the blueprints themselves had been downloaded over 100,000 times. ...
Data Leak Spurs Huge Offshore Tax Evasion Investigation
New submitter lxrocks writes "Tax authorities in the U.S., Britain, and Australia have announced they are working with a gigantic cache of leaked data that may be the beginnings of one of the largest tax investigations in history. The secret records are believed to include those obtained by the International Consortium of Investigative Journalists that lay bare the individuals behind covert companies and private trusts in the British Virgin Islands, the Cook Islands, Singapore and other offshore hideaways. The IRS said, 'There is nothing illegal about holding assets through offshore entities; however, such offshore arrangements are often used to avoid or evade tax liabilities on income represented by the principal or on the income generated by the underlying assets. In addition, advisors may be subject to civil penalties or criminal prosecution for promoting such arrangements as a means to avoid or evade tax liability or circumvent information reporting requirements.'"