Webtagr - Technology News Summarizer

Kodak on the Brink: A Century-Old Giant Faces Potential Collapse

2025-08-14

Eastman Kodak, the company that revolutionized amateur photography, is teetering on the brink of collapse after more than 130 years. Facing over $470 million in debt and dwindling revenue, the company has expressed substantial doubt about its ability to continue operations. Despite attempts to diversify into specialty chemicals and pharmaceuticals following its 2012 bankruptcy, Kodak is struggling to stay afloat. The company is cutting costs, including its pension plan, in a desperate attempt to meet its debt obligations by August 15th. Kodak's precarious situation serves as a cautionary tale about the challenges of adapting to technological change.

(www.usatoday.com)

Tech

Trump Administration Shuts Down Crypto Fraud Unit

2025-04-12

The US Department of Justice, under the Trump administration, has immediately shut down the National Cryptocurrency Enforcement Team (NCET), which investigated cryptocurrency fraud. This move is part of the Trump administration's effort to scale back enforcement of white-collar and financial crimes, shifting resources to fighting drug trafficking and human smuggling. While the administration claims to be cracking down on criminals using crypto for illicit activities, experts express concern over the diversion of crucial resources. The Trump administration argues the DOJ shouldn't act as a digital asset regulator, focusing instead on individuals and organizations using crypto for terrorism, drug trafficking, and other crimes.

(www.usatoday.com)

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Trump Admin's JFK Files Release Doxes Hundreds, Sparking Lawsuits

2025-03-22

In its rush to release unredacted JFK assassination files, the Trump administration inadvertently published the Social Security numbers and other sensitive personal information of potentially hundreds of former congressional staffers and others. At least one, former Justice Department official Joseph diGenova, plans to sue the National Archives for violating the Privacy Act. The released information stemmed from his involvement in the 1970s Church Committee investigation into CIA and other intelligence agency misconduct. The National Archives posted thousands of pages without a searchable format, making it difficult to assess the full extent of the breach. National security lawyer Mark Zaid confirmed the release impacted hundreds, many still alive, calling the action unnecessary and unhelpful to understanding the assassination. While DiGenova blames the Archives' sloppy review process, he doesn't fault Trump for the release itself.

(www.usatoday.com)

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Bookshop.org Launches E-book Platform to Support Local Bookstores

2025-02-15

To combat Amazon's dominance in online book sales, Bookshop.org has launched its own e-book platform. This new platform allows independent bookstores to sell e-books directly to customers for the first time, offering nearly a million titles and features like annotation and social sharing. The initiative aims to help local bookstores thrive in the digital age by enabling them to directly profit from e-book sales and fostering community engagement through social media.

(www.usatoday.com)

Startup e-books independent bookstores

Tesla Roadster Mistaken for Asteroid

2025-01-25

An object initially identified as a newly discovered asteroid, 2018 CN41, was quickly revealed to be Elon Musk's Tesla Roadster launched into space in 2018 during a SpaceX Falcon Heavy rocket test. This humorous incident highlights the growing challenge of tracking space debris. An amateur astronomer initially mistook it for a near-Earth object, and the Minor Planet Center initially listed it as a new asteroid. While the issue was swiftly resolved, it underscores the increasing number of untracked space objects that could hinder efforts to protect Earth from potentially hazardous asteroids.

(www.usatoday.com)

Tech Space Debris Asteroid