A Penny Stock Called Nestor Just Surged 1900% Because People Confused It With The Company That Google Bought

Nestor Inc is a Providence, R.I.-based company that sells automated traffic enforcement systems to local governments. It has 89 employees and trades over-the-counter under the ticker “NEST.”

wolf of wall street jonah hill

That’s not to be confused with Nest — the high-tech thermostat and smoke detector company founded by former iPod genius Tony Fadell and sold to Google for a cool $3.2 billion earlier this week.

But don’t tell that to savvy investors! Nestor Inc. (the penny stock) is up 1900% on the news, as investors confuse the two companies. There’s actually pretty decent volume here too, suggesting that a good amount of people made the mistake or are trying to anticipate that people might. The surge was first noted by Kid Dynamite’s blog.

Bloomberg’s Matt Levine asks the natural follow-up question.

If you had advance knowledge of the Google/Nest deal, would you buy some Nestor, Inc. shares? And would that be insider trading?

— Matt Levine (@matt_levine) January 15, 2014

Basically, it would have been a pretty smart investing play to see the Nest deal, anticipate the dumb buyers making the Nest/Nestor mistake, and then ride the Nestor stock up.

It sounds like a scene out of “The Wolf of Wall Street.”

Reuters’ Felix Salmon and CNBC’s John Carney both argued on Twitter that, yes, that would in fact be insider trading. If you made material gains via non-public information of the deal, that’s insider trading folks! But we’re probably not likely to see this taken to court.

And, as Salmon noted, you might as well just wait for the deal to have been announced, since you’d make as much money the legal way.

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THE ALLEGED CREATOR OF BITCOIN IS BEING CHASED AROUND LOS ANGELES

satoshi nakamotoSatoshi Nakamoto and an AP reporter he chose to interview him are being chased in Nakamoto’s Prius by all the other reporters apparently left behind, according to L.A. Times biz editor Joe Bel Bruno.

Bel Bruno says he and a colleague are two cars behind.

We’ve reached out to AP to ask who’s with Satoshi.

Earlier today, Leah McGrath Goodman reported she’d tracked down the Satoshi Nakamoto who wrote the first-ever Bitcoin spec paper. He is an engineer and former government contractor living near L.A.

Bel Bruno’s colleague Andrea Chang says Nakamoto is denying everything.

Here’s Bel Bruno’s feed so far:

OK, apparently #Nakamoto picked one reporter outside his house to take to sushi. Surreal #bitcoin

— Joe Bel Bruno (@JoeBelBruno) March 6, 2014

And now a dozen reporters camped out #Nakamoto‘s Temple City house are in chase. #bitcoin

— Joe Bel Bruno (@JoeBelBruno) March 6, 2014

So the AP reporter takes #Nakamoto to lunch for the #Bitcoin scoop, to a sushi restaurant in Temple City. Other reporters chase them.

— Joe Bel Bruno (@JoeBelBruno) March 6, 2014

Then reporters barge into the sushi restaurant, confront the @ap reporter and #Nakamoto

— Joe Bel Bruno (@JoeBelBruno) March 6, 2014

Follow along here »

Here’s a few more photos:

satoshi nakamoto
satoshi nakamoto

A man widely believed to be Bitcoin currency founder Satoshi Nakamoto is surrounded by reporters as he leaves his home in Temple City, California March 6, 2014.

Robot farmers are the future of agriculture, says government

UK farming conference hears how ‘farmbots’ will bring efficiencies and benefits and an end to back-breaking tasks

Robot in farming : wine bot being used in vineyards

A robot being used in vineyards in Chalon-sur-Saône, France. Photograph: Philippe Desmazes/AFP/Getty Images

Will robot feet in near-future time walk upon England’s mountains green? And will there be drones flying overhead from England’s pleasant pastures seen?

A new vision of robots patrolling the meadows and cornfields of the UK may seem dark and satanic to some, but according to farmers and the government it is the future, and will bring efficiencies and benefits, and an end to some of the most back-breaking jobs around the farm.

An increasing number of “farmbots” are being developed that are capable of finicky and complex tasks that have not been possible with the large-scale agricultural machinery of the past.

For instance, a “lettuce bot” is capable of hoeing away ground weeds from around the base of plants. A “wine bot” trundles through vineyards pruning vines. Other bots are under development to remotely check crops for their growth, moisture and signs of disease.

Owen Paterson, the secretary of state for the environment, food and rural affairs, enthusiastically embraced the prospect at the Oxford Farming Conference this week, saying: “I want our farmers and food producers to have access to the widest possible range of technologies, from new applications of robotics and sensor technology to new LED lighting in greenhouses and cancer-fighting broccoli.”

The government has set out for the first time an “agri-tech” strategy, with £160m in public funding. Of this cash, about £70m will go to commercialising new agricultural technologies – including robots, and £90m will be spent on setting up centres for agricultural innovation that will seek to develop farm technology for export, with the help of a new unit within UK Trade and Investment. There will even be a new “agri-tech business ambassador”, Paterson boasted, charged with driving forward exports of new technologies.

It is not just on the ground that technology promises to transform farming. Unmanned air vehicles, or drones, are also coming into play on farms. In South America, with its vast ranches, drones are being used for the surveillance of widely dispersed herds and crop monitoring, and in Japan smaller models are programmed to spray pesticide on crops. In the US, there are experiments under way to use drones for surveillance and perhaps even herding.

Robot in farming : Lettuce bot boxy robotic machine that can thin fields of lettuce

A ‘lettuce bot’ is tested in Salinas, California. Photograph: Marcio Jose Sanchez/APIn the UK, there is likely to be less scope for drones – our farms are smaller and easier to manage on the ground, and the prospect of filling the sky with a profusion of small aircraft is likely to raise safety concerns.Peter Kendall, president of the National Farmers Union, said technology had been key to raising farm productivity, and this would continue with more “futuristic” appliances such as robots. He pointed out that automated “robotic” milking machines are becoming increasingly common on large dairy farms. These can milk many cows at a time, sometimes on a revolving platform that lifts the cows to the milking station. Some research suggests this could be better for the cows and improve yield. Arable and vegetable farmers have also made great use of GPS for mapping their crops, he added, and monitoring yield, weed incidence and other vital data, leading to “real rewards”.

Kendall said: “The use of unmanned robots is rather more futuristic but people are working on it. As well as field operations, there is potential in fruit harvesting and even livestock management. It is certainly an exciting time to be involved in farming.”

But there is also scepticism over how likely it is that new robot technology will take off. Emma Hockridge, head of policy at the Soil Association, said: “The potential use of robots on farms has been discussed for years, but we haven’t yet seen anything practical close to reaching the market.”

While the prospect of replacing seasonal workers with robots may be attractive for farm bosses looking to consolidate into bigger units, farm workers may be less keen. Hockridge said the government and farmers should concentrate on the better use of existing technologies: “In food and farming, which is now our biggest manufacturing industry, we think the priority should be creating more and good quality meaningful jobs. Organic farms provide almost 50% more jobs per hectare and over 30% more jobs than non-organic farms.”

Even enthusiasts for such technology acknowledge that the advanced robots now being drawn up will take years and probably decades to reach the commercial stage. Prof Simon Blackmore, head of engineering at Harper Adams University, told the Oxford conference on Wednesday that his vision was for “farming with robots in 2050”, by which time he believes this should be practical.

Some may never catch on. Perhaps the oddest robot yet under development – and most unsettling for anyone attached to traditional farming practices – is the development of a robot for herding livestock. The bot wheels around pastures on remote control, drawing stragglers back to the herd, though without actually having to nip at their heels. Presumably the dogbot dreams of electric sheep.

Robot in farming : robot to harvest strawberry

A robot prepares to pick a ripe strawberry for a demonstration at an expo in Tokyo. Photograph: Yoshikazu Tsuno/AFP/Getty Images

Stunning Dancing Apartment, a Green Nature Residence In South Korea (PHOTOS)

Created by Unsangdong architect, is the residence of the exceptional location in the center of South Korea, and not only offer extraordinary design, but also the special significance that is not equal to another contemporary building. Namely, the “Dancing House”, is the construction of organized distorted by the use of straight lines as opposed to those that are established in most situations. The advantage of this plan is not only a beautiful, well built, but also the structure with a number of public areas including parks, recreational facilities, space-time, library and multimedia center. Are complemented by a pool of operating system as a seismic shock to the upper and Jade are people who do not want to live in these apartments with a terrace?

Images Credit: Unsangdong Architects

exterior 3d Stunning Dancing Apartment, a Green Nature Residence In South Korea

exterior 3d Stunning Dancing Apartment, a Green Nature Residence In South Korea

3d garden architecs-Stunning Dancing Apartment, a Green Nature Residence In South Korea

3d garden architecs-Stunning Dancing Apartment, a Green Nature Residence In South Korea

Beautiful 3d architecs-Stunning Dancing Apartment, a Green Nature Residence In South Korea

Beautiful 3d architecs-Stunning Dancing Apartment, a Green Nature Residence In South Korea

3d wall architects-Stunning Dancing Apartment, a Green Nature Residence In South Korea

3d wall architects-Stunning Dancing Apartment, a Green Nature Residence In South Korea

Looking for iPhone Apps? Here are 120 of our favorites

best-iphone-apps

If you’ve noticed that we haven’t updated our Favorite iPhone Apps list in a few months, below is the reason why. We’ve been adding apps for a few years now, but our old list was built for an iPhone that could do a few dozen things – it wasn’t built for the sheer variety of apps available today. This one is. We don’t know what kind of app you’re looking for, but we’re hoping you’ll find it here. We’ve got 120 of our favorite apps spanning a bunch of different categories, all of which you can find in the Key. Click on any category or subcategory to jump right to it, and click on the name of any app to link directly to the iPhone App Store.

Below are our app picks for Entertainment, Work and Organizing, Security and Utility, What’s Around Town, Social and Chat, Fitness and Health, Travel and Maps, and The Dark Arts. We’ll add new categories in the coming weeks and months. We hope you enjoy and please give us app suggestions or feedback in the comments.

Click these links to jump around the article

China’s Jilin Province plans to renovate 10 bridges to and near N. Korea

Bridge building project designed to improve North Korean access to Chinese markets

The local government of China’s Jilin Province plans to renovate 10 bridges located near the North Korean border to open up local markets to customers from the DPRK, China News Service reported.

Because many of the bridges crossing the North Korean border have become dilapidated and even dangerous, a local official cited by China News Service said that it will serve the economic interests of residents living in the local vicinity for Jilin Province to renovate them.

“Those bridges are in need of repair, some of them even date back to the Japanese colonial period,” Matthew Reichel, Director of Pyongyang Project, told NK News on Wednesday.

“With the increase in China-DPRK trade, Chinese lorries are crossing the border in increasing numbers; and upgraded bridges, rail and road connections are necessary for maintaining this growing trade relationship,” Reichel added, who regularly works in the Sino-DPRK border region.

China News Service, which is the second largest state-owned news agency in the PRC, said the province’s international border with North Korea stretches more than 1200km, accounting for 80% of China’s whole border with the DPRK.

The Jilin Provincial government is currently benefiting from a number of Chinese central government projects to develop the Tumen river area covering China, North Korea and Russia, China News Service said.

The report added that the province is particularly fixated on the construction of the New Tumen River Bridge, designed to replace the 1930s era Tumen River Bridge which links the Chinese town of Tumen with the North Korea’s Namyang border.

‘MI6 agent’ was spying on Iran oil shipping, officials claim

Iranian man arrested on charges of spying for British intelligence was passing on information on shipping operations to help impose sanctions, parliamentarians told

A mysterious figure walking away (posed by model)

A mysterious figure walking away (posed by model) Photo: Alamy

The Iranian man arrested for spying for British intelligence was helping foreign governments impose EU sanctions on covert oil shipping operations, parliamentarians in the country have been briefed.

An Iranian MP revealed the alleged MI6 agent was passing information on Iran’s shipping industries to its “enemies”, to be used in international efforts to cripple the sector.

Court officials in the city of Kerman said a suspect had confessed to holding 11 meetings inside and outside the country with British intelligence.

Alireza Manzari Tavakoli, an intelligence specialist in the Iranian parliament, was quoted on a news website claiming that the man handed over details of sanctions-busting activities. “We have received further information about the arrested individual that suggests that he has been involved in passing secret data on Iran’s shipping industries and the insurance covers on our oil tankers to the British intelligence services,” he said. “The EU could use them for imposing more sanctions on our shipping sectors.

“The arrested individual has also confessed to passing economic intelligence about Iran’s use of other countries’ flags in transporting its oil abroad. The information provided by this spy has been used by the enemies of the Islamic Republic to pass new and more sanctions on Iran.”

Britain’s role as the centre of the global maritime industry and leading insurance hub of the merchant fleet means London was pivotal to efforts to impose a virtual shutdown of Iran’s oil shipping through EU-wide sanctions.

Meanwhile Dadkhoda Salari, the public prosecutor in the city of Kerman, has described the alleged spy as a 50-year-old man, with good university education and fluent in English, who has never held any government job. Iran’s Ministry of Intelligence agents had been monitoring his movements for the last two months.

Hardliners opposed to the current thaw in British relations with Iran could use the spying revelations to disrupt progress towards restoration of full diplomatic ties.

Conservative factions have already sought to secure the withdrawal of an invitation by Iran’s parliament to Jack Straw, the former foreign secretary, to fly to Tehran for a fence-mending visit.

The announcement of the case came just a day after Iran’s new non-resident envoy to Britain, Hassan Habibollah-Zadeh, held talks in London on his first visit since his appointment last month. Ajay Sharma, his British counterpart, broke a two-year freeze in diplomatic relations earlier this month when, following the temporary deal on Iran’s nuclear programme in Geneva, he visited the Tehran embassy that was looted by an Iranian mob in November 2011.

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MLST--MY LITTLE SIMPLE THOUGHT--THE WORDSMITH SCRIBE

A personal comprehensive compendum of related personal thought, diary, articles geared towards championing and alleviating the course of humanity towards the achievement of a greater society whereby all the inhabitants of the world are seeing as one and treated equally without any division along religious affinity, social class and tribal affliation.This is all about creating a platform where everybody interested in the betterment of the society will have a voice in the scheme of things going on in the larger society.This is an outcome of deep yearning of the author to have his voice heard across the globe.The change needed by all and sundry all over the globe starts with us individually.Our world will be a better place if every effort at our disposal is geared towards taking a little simple step that rally around thinking outside the box.

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