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This Startup Wants to Fix the Housing Market - with Robots

Slashdot.org - Mon, 03/25/2024 - 06:34
In a state where housing is expensive to build, to rent, or to buy — and not especially energy efficient — can a big blue robot make a difference? The Boston Globe reports on Reframe Systems, one of the companies "trying robots to make construction more efficient" — in this case, "working alongside humans in an assembly line to build small houses in a factory." [Its cofounders] learned to get robots and humans to work together while at Amazon, which has built more than 750,000 bots in Massachusetts and deployed them to distribution centers around the world. Advising the company are Amy Villeneuve, former chief operating officer of that Amazon division, and Charly Mwangi, a veteran of the carmakers Nissan, Tesla, and Rivian... Standing at one end of Reframe's factory, [cofounder Aaron] Small explained that the company's ambition is to build net-zero houses — houses that produce as much energy as they use — "twice as fast as traditional methods, twice as cheap, and with 10 times lower carbon" emissions. That means using large screws called helical piles to fix the house to the site, instead of a concrete foundation. (Concrete production generates large amounts of carbon dioxide.) The company buys recycled cellulose insulation to fill the walls. Solar panels go on the roof and triple-paned windows in the walls... Reframe's "microfactory" can produce between 30 and 50 homes a year, [cofunder Vikas] Enti said. Eventually, the company aims to set up larger factories around the country, all within an hour's drive of big cities. After a home is trucked to its final destination, "Electrical wires and plumbing are installed in both floors and walls as they're built," according to the article. "Employees toting iPads can refer to digital construction drawings and get step-by-step instructions about tasks from cutting lumber to connecting pipes." One of the co-founders says, "We like to compare it to Lego instructions."

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EU Launches Probes Into Apple, Meta, Google Under New Digital Competition Law

Slashdot.org - Mon, 03/25/2024 - 05:30
The European Union has launched investigations into Apple, Meta and Google under its sweeping new digital-competition law, adding to the regulatory scrutiny large U.S. tech companies are facing worldwide. From a report: The suite of probes [Editor's note: the link may be paywalled; official press release here] announced Monday are the first under the EU's Digital Markets Act law, which took effect earlier this month. They come less than a week after the Justice Department sued Apple over allegations it makes it difficult for competitors to integrate with the iPhone, ultimately raising prices for customers. Apple and Google will now face EU scrutiny of how they are complying with rules that say they must allow app developers to inform customers about alternative offers outside those companies' main app stores. The European Commission, the EU's executive arm, said it is concerned about constraints the tech companies place on developers' ability to freely communicate with users and promote their offers. The bloc will also examine changes that Google made to how its search results appear in Europe. The new digital competition law says companies cannot give their own services preference over similar services that are offered by rivals. Another probe will look at how Apple complies with rules that say users should be able to easily remove software applications and change default settings on their iPhones, as well as how the company shows choice screens that offer alternative search engine and browser options.

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Search Central Live 2024 in Warsaw, Poland

GoogleWebmasterCentral - Mon, 03/25/2024 - 05:00

We're excited to announce a Search Central Live event in Warsaw, Poland on April 24, 2024. Search Central Live is our global Google Search event series specifically for site owners, publishers, and SEOs.

Categories: Web

Tired of Streaming? Home-Grown 'Free Blockbuster' Libraries Are Trying to Offer Alternatives

Slashdot.org - Mon, 03/25/2024 - 02:34
In 2019 Los Angeles film/TV producer Brian Morrison painted Blockbuster's logo onto an old newspaper box — and then filled it up with used DVDs. "The Free Blockbuster movement slowly gained traction," reports the New York Times — aided at times by social media — "and eventually more than 200 other community boxes had opened from Louisiana to Canada and even Britain." Though it's not clear how many are still operational, a 37-year-old California opened a free "Blockbuster" library outside her home earlier this year, according to the article, "and stocks it with season-specific films, subversive books and free candy." "We are social animals; we want to go out into the world and engage with each other," said Brian Morrison, who keeps a lending library outside his home. He often refills it with DVDs and VHS tapes of TV series, horror movies and, on occasion, signed independent films, and said that it had encouraged interaction with his neighbors. Andrew Kevin Walker, a Los Angeles-based screenwriter, said he had visited secondhand stores especially to seek out films to leave in the boxes, including two sealed James Bond box sets and a copy of "Cobra," a 1986 film written by Sylvester Stallone. "It's an opportunity for people to really share their love of cinema, whether it be their favorite guilty pleasure or their favorite movie of all time," he said. Viewers with streaming fatigue say they are tired of chasing content that moves around an ever-expanding array of platforms or even disappears altogether, and some long for the physical media that was dominant until streaming took over. "I think it's great that folks are doing this, keeping the spirit of DVDs alive, circulating film[s] in and exchanging them," said Joe Pichirallo, a film producer and professor at New York University... Alfonso Castillo, who co-founded a Free Blockbuster on Long Island, N.Y., with his son, said the lending library sees regular turnover with people both taking and dropping off movies, including older people. "My sense is that for them, it's less of this cool novelty sort of ironic thing and more like, finally, there's a place to get DVDs again," he said. Award-winning filmmaker Ava DuVernay misses the commentary tracks on DVDs (along with director's cuts). But more importantly, they told the Times that when it comes to art, "nothing beats holding it in your hand... It is a part of the experience of consuming and experiencing art."

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Finally Converted my Vanguard Mutual Fund Admiral Shares to ETF Equivalents in 2024

MyMoneyBlog.com - Mon, 03/25/2024 - 01:00

I recently decided to convert my Vanguard mutual fund shares into each of their respective ETF equivalents. These were all held inside a Vanguard.com brokerage account. I remember first considering this mutual fund to ETF option way back in 2010 (aspects of that article may now be outdated). Instead of covering all of the possible decision factors, here I’ll just document my own personal factors and my experience completing the process.

Why did it take 14 years for me to convert my Vanguard mutual fund shares?

Back in 2010, here was my rationale for staying put:

  • I had no plans to ever leave Vanguard as my primary brokerage custodian. Everything worked well enough; I had no complaints. My personal financial situation was also relatively simple.
  • Vanguard was still simple. Minimal annoying fees. Things were somewhat barebones but everything worked for the most part. A human answered the phone relatively quickly. They sent me paper statements for free. My account only allowed mutual funds, no individual stocks. Vanguard had the vibe that “We’re different and that’s fine. People aligned with our views will find us.”
  • The expense ratios for ETFs and mutual funds were either identical or nearly idential and both had the same tax-efficiency due to their share class construction. For a long time, the Admiral and ETFs remained at pretty much the same cost. When you buy ETFs, there are also bid/ask spreads and premiums/discounts to NAV to navigate. Any tiny difference in performance could be wiped out by all this “noise”.
  • I preferred the simplicity and ease of dollar-based transactions. For example, back then if I had $1,000 to invest in VTI, at the current share price of $256, I would only be able to purchase three VTI shares and the remaining would remain in $232 cash.

Fast forward to 2024, and things were a little different:

  • I am seriously considering leaving Vanguard as my primary brokerage custodian. This came after a few frustrating incidents and long hold times, in which I felt that it would be easier on my spouse if our assets were located at a place committed to top customer service. Essentially, an estate planning issue after handling my parent’s finances. There are definitely good and helpful people at Vanguard, but the level of service is not nearly as consistent as with Fidelity. If I consolidated, then there would also be one less major account to manage. Many outside brokerages won’t trade Vanguard mutual funds (besides full sales), so this was the main reason for converting to ETFs.
  • Vanguard is trying to grow assets as hard as everyone else. Vanguard still has a low-cost structure, but now it just seems like it wants more, more, more. The CEO is leaving under questionable circumstances without a replacement ready from within, so they are likely hiring an outsider. (Tim Buckley started as Jack Bogle’s research assistant 33 years ago!) The Vanguard now serves me more browser pop-up windows (e-statements) and upsell ads (Advisory services) than both Fidelity and Schwab. For example, Fidelity mails me paper statements for free. This is helpful for older people that may lose track of accounts. Vanguard wants $25 a year for every single account unless I have $5 million. In that case, why not simply own Vanguard ETFs inside a Fidelity brokerage account? If Vanguard hires a CEO from another brokerage company, that just shows the direction the ship is heading.
  • The expense ratio spread has widened slightly to the range of 0.01% up to 0.06% (VWO). This is still not a big deal to me, but it is apparent that Vanguard gave up trying to maintain parity and in the future the ETFs will always be cheaper. The trend is a wider gap over time, not a narrower one. I rarely sell (or even buy) these days, so I have minimal transaction costs.
  • Vanguard now supports fractional share ownership for ETFs. Today, If I had $1,000 to invest in VTI, at the current share price of $256, I would be able to invest every penny and end up with 3.906 shares of VTI. Therefore, even if I do stay with Vanguard, I can still perform dollar-based transactions. The conversion is not a taxable event, so there is no tax impact.

Which Vanguard mutual funds can your convert? Although it hasn’t been updated since 2019 and thus may be outdated, this Vanguard PDF listing which mutual funds are convertible to ETFs may still be useful. Here are the specific mutual fund and ETF pairings (with expense ratios) that I converted and their expense ratios as of March 2024:

  • Vanguard Total Stock Market Index: VTSAX (0.04%) to VTI (0.03%). Difference of 0.01%.
  • Vanguard Total International Stock Index: VTIAX (0.12%) to VXUS (0.08%). Difference of 0.04%.
  • Vanguard Small-Cap Value Index: VSIAX (0.07%) to VBR (0.08%). No difference.
  • Vanguard Emerging Markets Stock Index: VTIAX (0.14%) to VWO (0.08%). Difference of 0.06%.
  • Vanguard Intermediate-Term Treasury Index VSIGX (0.07%) to VGIT (0.04%). Difference of 0.03%.

Again, the absolute differences in expense ratios aren’t that significant in my opinion unless you are talking in the millions. But the direction of the trend is pretty clear, and I do hope to have millions in each eventually. 🤑

Quick rundown of actual conversion process:

  • Download all cost basis information. You should log into your account and download all of the cost basis information for all your mutual fund shares. This is especially true for non-covered shares. The cost basis for covered shares should carry over, but it’s better to be safe.
  • I had to call Vanguard on the phone to initiate the conversion. Use the phone in your account or try 866-499-8473. (I could not find a way to do it online.) It took a couple jumps to find the right person, but after that the process was straightforward. As long as the request is entered before market close, it should go through at the end of that same day. Otherwise, it’ll be the next day. You will acknowledge that this is a one-way, non-reversible conversion. Again, you are not selling anything, so there is no taxable event.
  • The next day, my shiny new ETF holdings were available in my account. and I was also able to confirm that all of the tax lots for cost basis carried through without an issue. The conversion was done at the net asset value (NAV) of the funds at market close. All of my mutual fund shares were converted, and I was issued fractional shares of ETFs.


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Finally Converted my Vanguard Mutual Fund Admiral Shares to ETF Equivalents in 2024 from My Money Blog.

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Categories: Finance

California's Successful Dam-Removal Project Continues

Slashdot.org - Sun, 03/24/2024 - 22:34
The Los Angeles Times checks in on America's largest dam-removal project, which they say is now "revealing a stark landscape that had been underwater for generations." "A thick layer of muddy sediment covers the sloping ground, where workers have been scattering seeds and leaving meandering trails of footprints. In the cracked mud, seeds are sprouting and tiny green shoots are appearing." With water passing freely through tunnels in three dams, the Klamath River has returned to its ancient channel and is flowing unhindered for the first time in more than a century through miles of waterlogged lands. Using explosives and machinery, crews began blasting and tearing into the concrete of one of the three dams earlier this month... The emptying of the reservoirs, which began in January, is estimated to have released as much as 2.3 million tons of sediment into the river, abruptly worsening its water quality and killing nonnative perch, bluegill and bass that had been introduced in the reservoirs for fishing. Downstream from the dams, the river's banks are littered with dead fish. But tribal leaders, biologists and environmentalists say that this was part of the plan, and that the river will soon be hospitable for salmon to once again swim upstream to spawn... [The dams] blocked salmon from reaching vital habitat and degraded the river's water quality, contributing to toxic algae blooms in the reservoirs and disease outbreaks that killed fish... Workers have been drilling holes in the top of the Copco No. 1 Dam, placing dynamite and setting off blasts, then using machinery to chip away fractured concrete. The dam, which has been in place since 1918, is scheduled to be fully removed by the end of August. The smaller Copco No. 2 Dam was torn down last year as the project began. Two earthen dams, the Iron Gate and the John C. Boyle, remain to be dismantled starting in May. If the project goes as planned, the three dams will be gone sometime this fall, reestablishing a free-flowing stretch of river and enabling Chinook and coho salmon to swim upstream and spawn along about 400 miles of the Klamath and its tributaries. Meanwhile, teams of scientists and workers are focusing on restoring the landscape and natural vegetation on about 2,200 acres of denuded reservoir-bottom lands... River restoration advocates are optimistic. They say undamming the Klamath will demonstrate the potential for restoring free-flowing rivers elsewhere in California, and point to initial plans to remove two dams on the Eel River as another promising opportunity.

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Has 'Silicon Valley-style Startup Disruption' Arrived for Book Publishing?

Slashdot.org - Sun, 03/24/2024 - 20:34
The Baffler says a new publishing house launched earlier this month "brings Silicon Valley-style startup disruption to the business of books." Authors Equity has "a tiny core staff, offloading its labor to a network of freelancers," and like a handful of other publishers "is upending the way that authors get paid, eschewing advances and offering a higher percentage of profits instead." It is worth watching because its team includes several of the most important publishing people of the twenty-first century. And if it works, it will offer a model for tightening the connection between book culture and capitalism, a leap forward for the forces of efficiency and the fantasies of frictionless markets, ushering in a world where literature succeeds if and only if it sells.... Authors Equity's website presents its vision in strikingly neoliberal corporatespeak. The company has four Core Principles: Aligned Incentives; Bespoke Teams; Flexibility and Transparency; and Long-Term Collaboration. What do they mean by these MBA keywords? Aligned Incentives is explained in the language of human capital: "Our profit-share model rewards authors who want to bet on themselves." Authors, that is, take on more of the financial risk of publication. At a traditional publishing house, advances provide authors with guaranteed cash early in the process that they can use to live off while writing. With Authors Equity, nothing is guaranteed and nothing given ahead of time; an author's pay depends on their book's profits. In an added twist, "Profit participation is also an option for key members of the book team, so we're in a position to win together." Typically, only an author's agent's income is directly tied to an author's financial success, but at Authors Equity, others could have a stake. This has huge consequences for the logic of literary production. If an editor, for example, receives a salary and not a cut of their books' profits, their incentives are less immediately about profit, offering more wiggle room for aesthetic value. The more the people working on books participate in their profits, the more, structurally, profit-seeking will shape what books look like. "Bespoke Teams" is a euphemism for gigification. With a tiny initial staff of six, Authors Equity uses freelance workers to make books, unlike traditional publishers, which have many employees in many departments... Their fourth Core Principle — Long-Term Collaboration — addresses widespread frustration with a systemic problem in traditional publishing: the fetishization of debut authors who receive decent or better advances, fail to earn out, and then struggle to have a career. It's a real problem and one where authors' interests and capitalist rationalization are, as it were, aligned. Authors Equity sees that everyone might profit when an author can build a readership and develop their skill. The article concludes with this prediction. "It's not impossible that we'll look back in twenty years and see its founding as auguring the beginning of the startup age in publishing." Food for thought... Pulp-fiction mystery writer Mickey Spillane once said, "I'm a writer, not an author. The difference is, a writer makes money."

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