Last week, Kobe Steel admitted that staff fudged reports on the strength and durability of products requested by its clients -- including those from the airline industry, cars, space rockets, and Japan's bullet trains. The company estimated that four percent of aluminum and copper products shipped from September 2016 to August 2017 were falsely labelled, Automotive News reported.
But on Friday, the company's CEO, Hiroya Kawasaki, revealed the scandal has impacted about 500 companies -- doubling the initial count -- and now includes steel products, too. The practice of falsely labeling data to meet customer's specifications could date back more than 10 years, according to the Financial Times.
For rockets the concern is less serious as they generally are not built for a long lifespan, but for airplanes and cars this news could be devastating, requiring major rebuilds on many operating vehicles.
An earlier suggestion had Google create a blacklist and block the mining code at the browser level. That suggestion was shut down as being too impractical and something better left to extensions.
Slashdot turned 20 this month, which is ancient in internet years. How far have we come?
Also, we've set up a page to coordinate user meet-ups around the world to celebrate. Read on for the full 20-year history of Slashdot.
For a rosy scenario, look to McKinsey & Co. In July, the consulting firm published a report estimating machines are ready to assume roughly a third of the work now performed by banks' rank and file. The authors framed it as positive: People will have more time to tend to clients, conduct research or brainstorm ideas. So far, it noted, firms at the forefront aren't slashing jobs. At JPMorgan Chase & Co., one of the most tech-savvy banks, Chief Executive Officer Jamie Dimon predicted in June that his workforce will more likely grow than shrink over the next 20 years. Technology may displace workers, he's said, but it also creates opportunities. Yet in interviews, about a dozen Wall Street executives and consultants responsible for deploying technologies -- and steeped in their capabilities -- were more bearish on humans. Machines will take over task after task, they said, and banks simply won't need nearly as many people.
Several refunds have already been distributed because of the lawsuit. In fact, the bulk of credits were sent out in 2014 and 2016. The round of credits being sent out today comes from an earmarked $20 million meant to pay states involved in the suit. The Amazon credits have a six-month shelf life and must be spent by April 20, 2018, or they'll expire. In addition the Amazon credits, customers may also be receiving Apple credits that can be used toward iBooks, iTunes and App Store purchases. Apple is currently notifying eligible customers via email.