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TomTom Satnavs To Set Insurance Prices
nk497 writes "TomTom has signed a deal with an insurance firm that will see its satnavs used to monitor drivers. Fair Pay Insurance, part of Motaquote, will use monitoring systems built into the TomTom PRO 3100 to watch for sharp braking and badly managed turns, rewarding 'good' drivers with lower premiums and warning less skilled motorists when they aren't driving as they should. 'We've dispensed with generalization's and said to our customers, if you believe you're a good driver, we'll believe you and we'll even give you the benefit up front,' said Nigel Lombard of Fair Pay Insurance."Read more of this story at Slashdot. 
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EPIC Sues FTC Over Google's Planned Privacy Changes
angry tapir writes "The Electronic Privacy Information Center has filed a lawsuit against the U.S. Federal Trade Commission, asking a court to force the agency to take action against Google over planned changes in the company's collection of personal data. EPIC, in briefs filed Wednesday, asked the U.S. District Court for the District of Columbia to require the FTC to enforce a 2011 privacy agreement between the agency and Google over the company's fumbled rollout of its Buzz social networking service."Read more of this story at Slashdot. 
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What Scorpions Have To Teach Aircraft Designers
First time accepted submitter elloGov writes "The north African desert scorpion, Androctonus australis, is a hardy creature. Most animals that live in deserts dig burrows to protect themselves from the sand-laden wind. Not Androctonus, it usually toughs things out at the surface. Yet when the sand whips by at speeds that would strip paint away from steel, the scorpion is able to scurry off without apparent damage thanks to the unique structure of its carapace. Dr Han Zhiwu of Jilin University and colleagues have found that surface irregularities based on the scorpion's exoskeleton could substantially minimize atmospheric dust damage to aircraft."Read more of this story at Slashdot. 
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The Science Fiction Effect
Harperdog writes "Laura Kahn has a lovely essay about the history of science fiction, and how science fiction can help explain concepts that are otherwise difficult for many...or perhaps, don't hold their interest. Interesting that Frankenstein is arguably the first time that science fiction appears. From Frankenstein to Jurassic Park, authors have been writing about 'mad scientists' messing around with life. Science fiction can be a powerful tool to influence society's views — one scientists should embrace."Read more of this story at Slashdot. 
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The Zuckerberg Tax
Hugh Pickens writes "David S. Miller writes that when Facebook goes public later this year, Mark Zuckerberg plans to exercise stock options worth $5 billion of the $28 billion that his ownership stake will be worth and since the $5 billion he will receive will be treated as salary, Zuckerberg will have a tax bill of more than $2 billion making him, quite possibly, the largest taxpayer in history. But how much income tax will Zuckerberg pay on the rest of his stock that he won't immediately sell? Nothing, nada, zilch. He can simply use his stock as collateral to borrow against his tremendous wealth and avoid all tax. That's what Lawrence J. Ellison, the chief executive of Oracle, did, reportedly borrowing more than a billion dollars against his Oracle shares to buy one of the most expensive yachts in the world. Or consider the case of Steven P. Jobs who never sold a single share of Apple after he rejoined the company in 1997, and therefore never paying a penny of tax on the over $2 billion of Apple stock he held at his death. Now Jobs' widow can sell those shares without paying any income tax on the appreciation before his death — only on the increase in value from the time of his death to the time of the sale — because our tax system is based on the concept of "realization." Individuals are not taxed until they actually sell property and realize their gains and the solution to the problem is called mark-to-market taxation. According to Miller, mark-to-market would only affect individuals who were undeniably, extraordinarily rich, only publicly traded stock would be marked to market, and a mark-to-market system of taxation on the top one-tenth of 1 percent would raise hundreds of billions of dollars of new revenue over the next 10 years."Read more of this story at Slashdot. 
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