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22.12.2024 02:50 The US Department of Commerce on Friday announced its awards for Samsung, Texas Instruments and Amkor Technology under the CHIPS Incentives Program, which come to more than $6.75 billion altogether. The program is meant to help expand domestic semiconductor production. Samsung was awarded up to $4.745 billion in direct funding — a smaller amount than the preliminary award of up to $6.4 billion that was announced earlier this year — while Texas Instruments was granted up to $1.61 billion and Amkor up to $407 million. Samsung plans to invest $37 billion over the next few years to ramp up chip development and production in the US, the DOC said. The company will expand its operations in Texas to include two new production facilities and a site for research and development. It also plans to expand an existing facility in Austin. Texas Instruments is working to build three new facilities — two in Texas and one in Utah — which it’s said it will invest over $18 billion in through 2029. Amkor is planning a $2 billion investment to create an advanced packaging and test facility in Peoria, Arizona. According to Reuters, it’ll be the country’s largest facility of its kind. The Commerce Department says the awards will be doled out as the companies complete certain project milestones. It expects the funding to support the creation of thousands of jobs per project.This article originally appeared on Engadget at https://www.engadget.com/big-tech/doc-finalizes-semiconductor-awards-totaling-nearly-7-billion-for-samsung-texas-instruments-and-amkor-235749200.html?src=rss

22.12.2024 02:50 After announcing this week that it furloughed 82 employees, EV startup Canoo emailed remaining workers to inform them they were being placed on a “mandatory unpaid break” and would be locked out of the company’s systems at the end of the day Friday, TechCrunch reports. The email viewed by TechCrunch reportedly said the break would last at least through the end of the year. Canoo announced on Wednesday that it was idling its Oklahoma factories “while it works to finalize securing the capital necessary to move forward with its operations.” Canoo has faced financial difficulties, lawsuits and the departure of multiple executives over the last year. It previously announced it was furloughing 30 employees just this fall. Canoo’s announcement on Wednesday said that the company is now in “advanced discussions with various capital sources.” In a statement about the cuts, Canoo said, “We regret having to furlough our employees, especially during the holidays, but we have no choice at this point. We are hopeful that we will be able to bring them back to work soon.” This article originally appeared on Engadget at https://www.engadget.com/transportation/evs/canoo-put-employees-on-a-mandatory-unpaid-break-after-pausing-work-at-oklahoma-factories-this-week-221912555.html?src=rss

21.12.2024 21:50 Google has filed a proposal outlining how it would remedy the antitrust violations it’s been accused of by the Department of Justice, after the DOJ called for Google to sell off Chrome and face restrictions that would prevent it from favoring its own search engine in Android. Judge Amit Mehta of the US District Court for the District of Columbia ruled in August that Google has violated Section 2 of the Sherman Act, and called Google “a monopolist.” Google said in the proposal filed on Friday night that it disagreed with the ruling but suggested ways to make its contracts with browser companies and Android device makers more flexible. In a blog post summarizing the filing, Google’s VP of regulatory affairs Lee-Anne Mulholland wrote that the proposal would let browser companies like Apple and Mozilla “continue to offer Google Search to their users and earn revenue from that partnership,” while allowing them to have “multiple default agreements across different platforms and browsing modes.” And browsers would be able to change their default search provider every 12 months. The proposal would also give device makers “additional flexibility in preloading multiple search engines, and preloading any Google app independently of preloading Search or Chrome.” Google said it plans to appeal the judge’s decision ahead of a hearing in April, and will submit a revised proposal on March 7. In the blog post, Mulholland called the DOJ’s proposal “overboard,” going on to write that it reflects an “interventionist agenda” and “goes far beyond what the Court’s decision is actually about — our agreements with partners to distribute search.”This article originally appeared on Engadget at https://www.engadget.com/big-tech/google-proposes-alternative-remedies-for-its-search-monopoly-after-doj-demands-radical-changes-185253526.html?src=rss

21.12.2024 16:22 We may be a bit technology-obsessed here, but the Engadget team does occasionally get around to low-tech activities, like reading. Well, some of us read on ereaders or our smartphones, but you get the point — books are great, and we read some exceptional ones this year that each deserve a shoutout. These are some of the best books we read in 2024. This article originally appeared on Engadget at https://www.engadget.com/entertainment/our-favorite-books-we-read-in-2024-151514842.html?src=rss

21.12.2024 16:22 A federal judge in California has agreed with WhatsApp that the NSO Group, the Israeli cybersurveillance firm behind the Pegasus spyware, had hacked into its systems by sending malware through its servers to thousands of its users' phones. WhatsApp and its parent company, Meta, sued the NSO Group back in 2019 and accused it of spreading malware to 1,400 mobile devices across 20 countries with surveillance as its purpose. They revealed back then some of the targeted phones were owned by journalists, human rights activists, prominent female leaders and political dissidents. The Washington Post reports that District Judge Phyllis Hamilton has granted WhatsApp's motion for summary judgement against NSO and has ruled that it had violated the US Computer Fraud and Abuse Act . The NSO Group disputed the allegations in the "strongest possible terms" when the lawsuit was filed. It denied that it had a hand in the attacks and told Engadget back then that its sole purpose was to "provide technology to licensed government intelligence and law enforcement agencies to help them fight terrorism and serious crime." The company argued that it should not be held liable, because it merely sells its services to government agencies, which are the ones that determine their targets. In 2020, Meta escalated its lawsuit and accused the firm of using US-based servers to stage its Pegasus spyware attacks. Judge Hamilton has ruled that the NSO Group violated the CFAA, because the firm appears to fully acknowledge that the modified WhatsApp program its clients use to target users send messages through legitimate WhatsApp servers. Those messages then allow the Pegasus spyware to be installed on users' devices — the targets don't even have to do anything, such as pick up the phone to take a call or click a link, to be infected. The court has also found that the plaintiff's motion for sanctions must be granted on account of the NSO Group "repeatedly to produce relevant discovery," most significant of which is the Pegasus source code. WhatsApp spokesperson Carl Woog told The Post that the company believes this is the first court decision agreeing that a major spyware vendor had broken US hacking laws. "We’re grateful for today’s decision," Woog told the publication. "NSO can no longer avoid accountability for their unlawful attacks on WhatsApp, journalists, human rights activists and civil society. With this ruling, spyware companies should be on notice that their illegal actions will not be tolerated." In her decision, Judge Hamilton wrote that her order resolves all issues regarding the NSO Group's liability and that a trial will only proceed to determine how much the company should pay in damages. This article originally appeared on Engadget at https://www.engadget.com/cybersecurity/judge-finds-spyware-maker-nso-group-liable-for-attacks-on-whatsapp-users-140054522.html?src=rss

21.12.2024 01:31 Another day, another Tesla recall. This time, the National Highway Traffic Safety Administration informed the owners of almost 700,000 Tesla vehicles warning them of a problem with a warning light for the tire pressure monitoring system as reported by the Associated Press. The recall affects the 2024 Cybertruck, 2017-2025 Model 3 and 2020-2025 Model Y Vehicles. The NHTSA says the warning light for the tire pressure monitoring system may not stay illuminated between drives. Tesla says it will send out an over-the-road update to vehicles affected by the warning light issue. Owner notification letters are expected to be mailed on Feb. 15, 2025. The past year has seen more than a few Tesla recalls and OTRs. The NHTSA recorded seven recalls in the last year for the Cybertruck to address problems involving the rear-view camera, faulty windshield wipers and loose trunk beds. Tesla issued an over-the-air update in June for 1.8 million vehicles including select 2021-2024 Model 3, S and X vehicles and 2020-2024 Model Y vehicles to fix hoods that could come loose during drives if closed improperly.This article originally appeared on Engadget at https://www.engadget.com/transportation/evs/tesla-is-recalling-almost-700000-vehicles-over-a-tire-pressure-monitor-issue-223639361.html?src=rss

21.12.2024 01:31 Movie icon and super spy James Bond seemed to be on another rise to the top of the box office just a few years ago, but things have been almost as quiet as a shot from a Walther PPK with a silencer ever since then. Daniel Craig took on the role in 2006 with Casino Royale and passed the baton with 2021’s No Time to Die in one of the most heart-wrenching endings in Bond’s cinematic history . The only thing sadder is the reason why we haven’t seen a new Bond movie since then. The Wall Street Journal reports that Amazon and Barbara Broccoli, the producer who inherited the franchise from her father and film producer Albert “Cubby” Broccoli when he died in 1996, are in the middle of an ugly fight that’s halted production on the next Bond film. Apparently, Barbara doesn’t trust Amazon with her family’s famous film franchise. How bad is it? Well, here’s a quote from Barbara to some of her friends explaining how she feels about the people who run Amazon’s media empire: “These people are f—ing idiots.” Man, that’s awkward with a capital “awk.” The stalemate started back in 2021 when Amazon bought MGM for $8.5 billion and thus acquired the rights to distribute Bond films, according to Variety. The deal seemed like a big move for Amazon to weave its way into Hollywood using one of its most storied and rock solid film franchises. Unfortunately for Amazon, the true power over the James Bond films lies with Broccoli. She supplies the ideas for Bond’s big screen adventures and when they go into production, and Broccoli isn’t keen on working with Amazon anytime soon. The WSJ spoke to 20 people familiar with the feud who say Broccoli feels Amazon isn’t the right place for a Bond movie because its core business is retail and ecommerce. When Amazon purchased MGM, clinching the rights to the Bond franchise was a key part of the deal’s value. Broccoli and co-producer Michael Wilson had some reservations but were assured they would still retain creative control. COVID lockdowns were already making it hard to jump into the next Bond film production as well. However, things seemed to be smoothing over between the two parties when Amazon also insisted that its next Bond movie No Time to Die would get a theatrical release. But as soon as the deal closed, Amazon executives started thinking of ways to expand the Bond film franchise to other mediums like a Moneypenny spinoff series for Prime Video or a separate spy film or TV show that took place in the Bond universe. Broccoli refused to let any of these projects go forward. She also took umbrage with Amazon entertainment executive Jennifer Salke’s use of the word “content” to describe new James Bond projects and any ideas Amazon had for Bond were labeled “TBD” in memos. To date, the only Bond property Amazon could get Broccoli to sign off on is a reality series 007: Road to a Million that’s entering its second season. Broccoli and her family have been part of the Bond movie franchise for almost as long as she lived so she’s fiercely protective of the brand and her father’s cinematic legacy. She’s also started training Wilson’s son Gregg to produce recent installments and possibly prepare him to take over the franchise someday. Even that has led to disagreements over who should play Bond in the next film. That’s assuming we get one and it doesn’t look like that will happen anytime soon.This article originally appeared on Engadget at https://www.engadget.com/entertainment/tv-movies/james-bond-the-movie-franchise-not-the-spy-may-be-in-deep-jeopardy-211608094.html?src=rss

21.12.2024 01:31 A little more than a week after announcing Gemini Deep Research, Google is making the tool available to more people. As of today, the feature, part of the company’s paid Gemini Advanced suite, is available in every country and language where Google offers Gemini. In practice, that means Gemini Advanced users in more than 100 countries globally can start using Deep Research right now. Previously, it was only available in English. As a refresher, Deep Research takes advantage of Gemini 1.5 Pro’s ability to reason through “long context windows” to create comprehensive but easy-to-read reports on complex topics. Once you provide the tool a prompt, it will generate a research plan for you to approve and tweak as you see fit. After it has your go-ahead, Gemini 1.5 Pro will search the open web for information related to your query. That process can sometimes take several minutes, but once Gemini is done, you’ll have a multi-page report you can export to Google Docs for later viewing. This article originally appeared on Engadget at https://www.engadget.com/ai/googles-gemini-deep-research-tool-is-now-available-globally-210151873.html?src=rss

21.12.2024 01:31 Instagram is still thought of as a feed of algorithmically-suggested photos first and foremost, but the app is also pretty popular for messaging, too. If you want to take some of the stress out of remembering to send a birthday message to a friend, as part of a recent update, you can now schedule Instagram messages in advance. Scheduled messages can't contain media like GIFs, photos or videos, but you can schedule them up to 29 days in advance on both the Android and iOS versions of the app. What are Instagram DMs? If you've stuck to using Instagram as a repository for your smartphone photos, you might have missed out on the introduction of Instagram Direct back in 2013, a direct messaging system integrated right in the Instagram app for sharing photos and videos with friends and family. Meta has changed the look, location, and features of Instagram DMs over the years, hooking it up with Messenger in 2020, and more recently adding location-sharing abilities in November 2024. Adding scheduled messages brings Instagram more line with messaging tools like iMessage and Gmail. How to schedule an Instagram message You can access DMs by tapping on the arrow or chat bubble icon in the top right corner of your feed. To schedule a message, choose an existing chat or create a new message by tapping on the new message icon in the top right corner. Then fill out the text box with whatever you want to say, and tap and hold on the blue arrow icon to the right of the text box. Instagram will then pull up a series of dials you can use to set the date and time you want your message to be sent. Once you're happy, tap the blue send button at the bottom of the menu and the message will be scheduled. Ian Carlos Campbell for Engadget How to delete a scheduled Instagram message If you change your mind about a scheduled message, you can delete them directly from your chat. From inside a chat, tap on the small text that says "scheduled messages" above the text box. Then tap and hold on the message you want to delete. From the dropdown menu that appears, tap on "Delete" to remove the message. How to edit a scheduled Instagram message If you want to edit your message instead of deleting it, things get more complicated. It became possible to edit normal Instagram messages in March 2024, but editing a scheduled message currently isn't possible. There is a way to achieve the same effect if you're willing to do some extra work, though. First, open the chat were the scheduled message you want to edit is. Then tap on "scheduled messages" near the bottom of the screen above the text box. Find the message you want to edit, then tap and hold on it. Tap on "Copy" from the menu that menu to copy the text to your clipboard, then repeat the process and tap on "Delete." With your copied message in hand, paste it into the text box of your existing chat or a new message. Edit it however you see fit, then tap and hold on the blue arrow to the right of the text box to schedule it again for your desire date and time. Tap on the send button at the bottom of the menu, and it will be scheduled.This article originally appeared on Engadget at https://www.engadget.com/social-media/how-to-schedule-messages-on-instagram-205659294.html?src=rss

20.12.2024 21:10 When Intel debuted its first Arc video cards two years ago, I was more than a little skeptical. Could a company that famously gave up on its last major desktop GPU project in 2009 actually make a dent in a market dominated by NVIDIA and AMD? Well, when I reviewed them in 2022, the Arc A750 and A770 turned out better than I thought, though they were also held back by Intel's poor drivers. But it seems Intel has learned from its mistakes. The new $250 Arc B580 performs better than AMD's low-end Radeon 7600, and it can even tangle a bit with NVIDIA when it comes to budget ray tracing. The only question is if it's worth investing in an Intel video card given its rocky corporate outlook. But for such a cheap video card, with a price that harkens back to the early 2000s, the risk may be worth it. The B580 marks the debut of Intel's second-generation Arc Xe2 GPUs, and it'll be joined by the $219 B570 next month. Based on their specs alone, it's easy to see why they're compelling for budget games. The B580 features 20 Xe cores, 20 ray tracing units and a faster clock speed than the previous Arc cards. Most importantly, though, it's rocking 12GB of VRAM with a 192-bit memory interface, giving it more than enough room to pump out 1440p gameplay. The $299 NVIDIA RTX 4060, in comparison, is stuck with 8GB of VRAM and a far more limited 128-bit interface. Even the RTX 4060 Ti sports that meager amount of VRAM, limiting both of those GPUs mostly to 1080p gameplay . AMD's Radeon RX 7600, which goes for around $269, is also burdened with 8GB of RAM and weaker ray tracing performance than NVIDIA and Intel's cards. While Intel has a clear hardware advantage, timing is once again a major concern. The Arc B580 launched as we're preparing for CES 2025, where both NVIDIA and AMD are expected to show off new desktop GPUs. Given NVIDIA's ever-increasing prices, I wouldn't bet on seeing an RTX 5060 around $250, but AMD is another story. It's been trying to make an impact in the low- and mid-range GPU market for years, and that’s reportedly still the case with its RDNA 4 cards. There's a good chance we'll eventually see some sort of inexpensive next-gen GPU from AMD. Intel If you need to build a budget gaming rig in the next few months or so, though, the Arc B580 will serve you well. In my testing, it scored slightly higher than the RTX 4060 Ti in 3DMark's Timespy Extreme Benchmark, and it was also noticeably faster than the Radeon 7600. The B580 shone even brighter with ray tracing. I hit a 58 fps average in the Cyberpunk 2077 benchmark running at 1080p with Ultra graphics settings and mid-range ray tracing. The Radeon 7600, on the other hand, sometimes struggled to stay above 40 fps with similar settings. GPU Timespy Extreme 3Dmark Speedway Port Royal Ray Tracing Intel Arc B580 7,287 2,443 7,872 Intel Arc A770 6,718 N/A 6,960 NVIDIA RTX 4060 Ti 6,599 3,217 8,170 AMD Radeon 7600 5,526 1,969 5,478 I was genuinely surprised by how well the Arc B580 tackled 1440p gaming. In Dragon Age: The Veilguard, I hit 70 fps on average with high graphics settings, mid-range ray tracing and Intel's XeSS upscaling flipped on. That's better performance than you'll see on the $700 PlayStation 5 Pro . I also hit 85 fps on average while playing Halo Infinite in 1440p with maxed out graphics, which was slightly better than the 4060 Ti. While we're used to budget cards being mainly limited to 1080p gaming, the Arc B580's additional memory clearly makes it well suitedfor 1440p. Photo by Devindra Hardawar/Engadget Still, there are benefits that the competition offers. NVIDIA's RTX GPUs can also work with its specialized apps, like NVIDIA Broadcaster, which can clean up your audio and video for streams and recordings. Additionally, NVIDIA's DLSS 3 upscaling is available on over 500 games, while Intel's XeSS just cracked 200. And then there’s the driver issue: NVIDIA has decades of experience crafting solid GPU software, whereas Intel is still recovering from its recent driver missteps. At least the XeSS 2 AI upscaling seems more useful than AMD's FSR 3 , as Intel's tech looks dramatically better and can often increase a game's performance by 30 percent or more. The Arc B580 also survived several hours of benchmarking and gaming without any hardware or driver issues. When I first tested the Arc A750 and A770, they would often crash within an hour of testing. Intel's software has clearly made some progress. The B580 reference model I tested also stayed relatively cool under load, and it never surpassed 64 degrees celsius . While there will be third-party cards available, I was also impressed by Intel’s reference design: The B580 feels premium and sturdy, not cheap and plasticky like many other budget GPUs. Photo by Devindra Hardawar/Engadget At this point, it seems like Intel is already having trouble keeping the Arc B580 in stock, a rare good problem for the beleaguered chip giant. It’s easy to see why gamers are smitten: It delivers solid 1080p and 1440p performance for most new titles, even with a bit of ray tracing. Finally, there’s a viable $250 GPU that doesn’t make you feel like you’re desperately behind the pack. It’s a clear win for Intel – at least until we see what’s new from AMD.This article originally appeared on Engadget at https://www.engadget.com/gaming/pc/intel-arc-b580-review-the-new-king-of-250-gpus-for-now-200047482.html?src=rss

20.12.2024 21:10 Hisense has officially unveiled its new HT Saturn audio system just ahead of CES, and it's a doozy. This five-piece surround system includes four identical satellite units and a single 6.5-inch subwoofer. All told, it ships with 13 speakers spread across the five units, each of them wireless. The company says this system has been “purpose-built to complement” extra-large screens, with Hisense announcing its the perfect companion to its own TVs that are 85-inches or bigger. The HT Saturn is especially feature-rich, as it’s compatible with both Dolby Atmos and DTS:X technology. Hisense It also includes a room calibration system, to ensure the best possible audio, and can use the TV’s onboard speaker as an additional component. The system features plenty of useful connection options, including HDMI eARC, optical and Bluetooth 5.3. Everything is wall-mountable, which is great because it can be tough to find space for five cube-shaped speakers. The system also features five unique EQ modes that optimize sound for movies, music, games and more. We don’t know the cost or when it’ll come out. The Hisense HT Saturn wireless audio system will officially debut at CES 2025, so we’ll likely get pricing and availability details early next year. If you have an immediate hankering for a new entertainment-based sound system, Sony put out some good stuff this year.This article originally appeared on Engadget at https://www.engadget.com/audio/speakers/hisenses-ht-saturn-speakers-feature-wireless-dolby-atmos-and-room-calibration-192952302.html?src=rss

20.12.2024 21:10 Hey, gamers! Do you like Rayman? Do you like Far Cry 3: Blood Dragon? Do you wish they’d make a new Rayman or Blood Dragon game? Well, you got your wish if you’re willing to give your wish a lot of leeway and a bit of money. Journalist Stephen Totilo’s Game File newsletter reported that Ubisoft secretly released a new Web3 game with NFTs featuring Captain Laserhawk from the Blood Dragon animated series spinoff on Netflix and Rayman . Captain Laserhawk: The G.A.M.E. looks like a generic top down shooter set in the bright neon futureworld of the Blood Dragon universe. You compete in an arena-style bloodsport where getting the most kills gets you the win. Totilo describes it as “the most basic top-down shooter imaginable.” You’ll need a Niji Warrior NFT to play the game. Totilo reported that Ubisoft offered 10,000 of the special NFTs for free with some Web3 transaction fees earlier this month. The Niji Warrior NFT serves as a kind of ID card, and if you missed your chance to snag one for free, you’ll have to fork over a minimum of $14.38 just to get in the game. Then to add digital insult to injury, Rayman serves as the announcer for these gladiatorial deathmatches of the future. Rayman appears in the game but you don’t even get to play as the wily, cartoon-ish game hero. He’s forced to be the Marv Albert of this bloodthirsty cryptocash grab. There’s only one compelling reason to play the game: You won’t need to exert much effort to get on the leaderboard. Totilo said he got into the top 10 of the global leaderboard — on a leaderboard that showed less than 100 players. I wouldn’t call the game a runaway hit just yet. This isn’t the first time that Ubisoft has quietly pushed out a Web3-based game to cash in on the NFT craze that petered out of popularity years ago. Ubisoft Quartz released the tactical RPG Champions Tactics: Grimoria Chronicles in October in which players could buy NFTs for as much as $6,300.This article originally appeared on Engadget at https://www.engadget.com/gaming/pc/ubisoft-quietly-squeezes-out-another-nft-game-featuring-rayman-blood-dragon-192102438.html?src=rss

20.12.2024 21:10 After nearly two weeks of announcements, OpenAI capped off its 12 Days of OpenAI livestream series with a preview of its next-generation frontier model. “Out of respect for friends at Telefónica , and in the grand tradition of OpenAI being really, truly bad at names, it’s called o3,” OpenAI CEO Sam Altman told those watching the announcement on YouTube. The new model isn’t ready for public use just yet. Instead, OpenAI is first making o3 available to researchers who want help with safety testing. OpenAI also announced the existence of o3 mini. Altman said the company plans to launch that model “around the end of January,” with o3 following “shortly after that.” As you might expect, o3 offers improved performance over its predecessor, but just how much better it is than o1 is the headline feature here. For example, when put through this year's American Invitational Mathematics Examination, o3 achieved an accuracy score of 96.7 percent. By contrast, o1 earned a more modest 83.3 percent rating. “What this signifies is that o3 often misses just one question,” said Mark Chen, senior vice president of research at OpenAI. In fact, o3 did so well on the usual suite of benchmarks OpenAI puts its models through that the company had to find more challenging tests to test it against. One of those is ARC-AGI, a benchmark that tests an AI algorithm's ability to intuite and learn on the spot. According to the test's creator, the non-profit ARC Prize, an AI system that could successfully beat ARC-AGI would represent "an important milestone toward artificial general intelligence." Since its debut in 2019, no AI model has beaten ARC-AGI. The test consists of input-output questions that most people can figure out intuitively. For instance, in the example below, the correct answer would be to create squares out of four Tetris shapes using dark blue blocks. ARC AGI On its low-compute setting, o3 scored 75.7 percent on the test. With additional processing power, the model achieved a rating of 87.5 percent. "Human performance is comparable at 85 percent threshold, so being above this is a major milestone," according to Greg Kamradt, president of ARC Prize Foundation. Developing... This article originally appeared on Engadget at https://www.engadget.com/ai/openais-next-generation-o3-model-will-arrive-early-next-year-191707632.html?src=rss

20.12.2024 21:10 Whether or not you’ve heard of a white elephant gift exchange before, there’s a good chance you have the wrong idea of what it is, how it actually works and where the idea came from. According to legend, the King of Siam would give a white elephant to courtiers who had upset them. It was a far more devious punishment than simply having them executed. The recipient had no choice but to simply thank the king for such an opulent gift, knowing that they likely could not afford the upkeep for such an animal. It would inevitably lead them to financial ruin.This story is almost certainly untrue, but it has led to a modern holiday staple: the white elephant gift exchange. Picking the right white elephant gift means walking a fine line: the goal isn’t to just buy something terrible and force someone to take it home with them. Rather, it should be just useful or amusing enough that it won’t immediately get tossed into the trash. The recipient also shouldn’t be able to just throw it in a junk drawer and forget about it. So here are a few suggestions that will not only get you a few chuckles, but will also make the recipient feel burdened. White elephant FAQs What is white elephant? A white elephant gift exchange is a party game typically played around the holidays in which people exchange funny, impractical gifts. How does white elephant work? A group of people each bring one wrapped gift to the white elephant gift exchange, and each gift is typically of a similar value. All gifts are then placed together and the group decides the order in which they will each claim a gift. The first person picks a white elephant gift from the pile, unwraps it and their turn ends. The following players can either decide to unwrap another gift and claim it as their own, or steal a gift from someone who has already taken a turn. The rules can vary from there, including the guidelines around how often a single item can be stolen — some say twice, max. The game ends when every person has a white elephant gift. Why is it called white elephant? The term “white elephant” is said to come from the legend of the King of Siam gifting white elephants to courtiers who upset him. While it seems like a lavish gift on its face, the belief is that the courtiers would be ruined by the animal’s upkeep costs. Check out the rest of our gift ideas here.This article originally appeared on Engadget at https://www.engadget.com/the-7-best-white-elephant-gifts-that-are-worth-stealing-150516076.html?src=rss

20.12.2024 21:10 On Friday, the Consumer Financial Protection Bureau sued four financial companies involved with Zelle. The CFPB’s lawsuit accuses Zelle’s operator and three of the service’s partner banks — JPMorgan Chase, Bank Of America and Wells Fargo — of failing to protect consumers from widespread fraud on the peer-to-peer payment system. The CFPB says customers of those three banks have lost over $870 million during Zelle’s seven years as a payment service. The suit claims hundreds of thousands of customers who filed fraud complaints were denied meaningful assistance, with some being told to “contact the fraudsters directly to recover their money.” “The nation’s largest banks felt threatened by competing payment apps, so they rushed to put out Zelle,” CFPB Director Rohit Chopra wrote in a statement. “By their failing to put in place proper safeguards, Zelle became a gold mine for fraudsters, while often leaving victims to fend for themselves.” The CFPB says one of the system’s loopholes is that its “tokens” can be used and reassigned across different banks. The agency claims fraudsters can exploit this by connecting a victim’s number or email to the perpetrator’s deposit account, causing payments meant for the consumer to go to the scammer’s account instead. The suit accuses Zelle and the banks of allowing repeat offenders to bounce between financial institutions with impunity. “Banks did not share information about known fraudulent transactions with other banks on the network,” the CFPB wrote. “As a result, bad actors could carry out repeated fraud schemes across multiple institutions before being detected, if they were detected at all.” The CFPB also claims the defendant banks didn’t heed red flags to prevent further fraud, report incidents consistently or on time, properly investigate customer complaints or take appropriate action. On Friday, Zelle framed the government’s lawsuit as a political hit that would help criminals and force them to charge fees. “The CFPB’s attacks on Zelle are legally and factually flawed, and the timing of this lawsuit appears to be driven by political factors unrelated to Zelle,” Jane Khodos, Zelle spokesperson, wrote in a statement. “Zelle leads the fight against scams and fraud and has industry-leading reimbursement policies that go above and beyond the law. The CFPB’s misguided attacks will embolden criminals, cost consumers more in fees, stifle small businesses and make it harder for thousands of community banks and credit unions to compete.” In September, JPMorgan Chase wrote in a quarterly filing that it would consider counter-litigation if the CFPB took action against the bank for its role with Zelle. Last month, The Washington Post reported that President-elect Donald Trump and Congressional Republicans plan to limit the CFPB’s funding and powers, aligning with the agendas of large financial institutions. Elon Musk and Vivek Ramaswamy, his “government efficiency” advisors, have said they want to eliminate the agency, which was established in 2011 in response to the 2007-08 financial crisis and resulting recession. Killing the agency would require a congressional vote that wouldn’t likely pass, given Republicans’ thin majorities. But they could do what Trump did in his first term: appoint a new director to slow or stop regulatory actions, effectively kneecapping the agency as long as they’re in charge.This article originally appeared on Engadget at https://www.engadget.com/cybersecurity/the-us-consumer-financial-protection-bureau-sues-zelle-and-four-of-its-partner-banks-175714692.html?src=rss