Recent Business News
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700 People Arrested in Mortgage fraud investigation money.cnn.com — Government official says losses in the fraud cases total about $1 billion. More than 700 people have been arrested over mortgage fraud as part of an investigation by the FBI and Justice Department that has been going on since March 1, a government official told CNN Thursday. A Press conference is scheduled for today. More… 0 Comments Submitted By: destiney Categories: Business, Government, Humanity |
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www.reuters.com — Spy bill could shield phone companies from suits - U.S. telephone companies that cooperated with President George W. Bush's warrantless domestic spying program could be shielded from lawsuits under an electronic spy bill finalized on Thursday by congressional and White House. More… 0 Comments Submitted By: destiney Categories: Business, Government, Humanity, Privacy, Technology |
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Major Bank Issues Global Stock and Credit Crash Alert www.telegraph.co.uk — The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyzes the major central banks. "A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist. More… 0 Comments Submitted By: destiney Categories: Business, Humanity |
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Internet fraud has taken a sinister new turn www.news.com.au — Organised crime has identified the web as a goldmine – providing opportunities to launch cyber attacks that will earn large amounts of money at a relatively low risk. Learn more. More… 0 Comments Submitted By: destiney Categories: Business, Humanity, Technology |
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alt.blocked: Verizon blocks access to whole USENET hierarchy arstechnica.com — Verizon has released details of the agreement it and other ISPs signed last week to block access to Usenet groups that have been caught trafficking child pornography. Instead of simply blocking the handful of offending groups, however, Verizon has decided to enforce a blanket ban on what could be tens of thousands of completely innocent groups. More… 0 Comments Submitted By: destiney Categories: Business, Technology |
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Warrantless Wiretap 'Compromise' Really Just A Get Out Of Jail Free Card From The President techdirt.com — We've been following the ridiculous attempts by the administration to protect telcos who most likely broke the law in supplying warrantless wiretaps by trying to get "immunity" included in the new FISA bill. As we've pointed out, this makes absolutely no sense. If the administration or the telcos (or both) broke the law -- then that issue should be explored. Granting anyone immunity from even being tried for breaking the law doesn't seem appropriate. If there were special circumstances that explain why the telcos or the administration broke the law, why not at least have them come out in court rather than sweeping them all under the rug? More… 0 Comments Submitted By: destiney Categories: Business, Government, Technology |
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The Wide Divide (Graph of CEO pay vs Average Worker) graphics8.nytimes.com — Picture speaks for itself. More… 0 Comments Submitted By: destiney Categories: Business, Humanity |
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Recording Industry Now Making Up Facts To Support Having ISPs Police File Sharing techdirt.com — A whole bunch of folks have sent in the "debate" that was held on the BBC website last week, starting with regular columnist Bill Thompson trashing Virgin Media, a UK-based broadband provider, for agreeing to send out warning "notices" to folks that the entertainment industry claims are file sharing. Thompson explains that he's been known to use BitTorrent to get a copy of a TV show he missed on TV and forgot to record on his DVR, wondering why this should be a problem. He also mentions: "Evidence that heavy downloaders are also heavy music purchasers doesn't seem to have made any difference to the BPI's approach either, and instead of finding new business models they hold on to the old ways of working." More… 0 Comments Submitted By: destiney Categories: Business, Entertainment, Technology |
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RIAA Goes Judge Shopping After One Judge Actually Pushes Back techdirt.com — The RIAA has been known to pull all sorts of tricks over the years to get what it wants, but this latest one may be the most sneaky of all. Last week, Ray Beckermann was notified that the RIAA was dropping one of the cases it had filed against one of his clients, Warner v. Cassin. In that case, a judge had been reviewing a dismissal motion, and appeared to find Beckermann's argument that "making available isn't distribution" compelling. So, perhaps it wasn't a huge surprise that the RIAA dropped the case before they lost it. But, then, a day later, Beckermann discovered that the RIAA had refiled the identical case in the same court, but rather than using the defendant's name, Cassin, it had filed it under a John Doe complaint, as if they didn't know who the defendant was. As such, the case got handed to a new judge. Basically, it appears that the RIAA didn't like where one judge was heading with the case, so got it dismissed and immediately refiled the case (potentially under false pretenses) and had it handed to another judge. Beckermann, of course, has made all of this clear to both judges -- but it seems incredibly sneaky that the RIAA would even think to go that far. Hopefully the court recognizes this judge shopping for what it is. More… 0 Comments Submitted By: destiney Category: Business |
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Charging by the Byte to Curb Internet Traffic biz.yahoo.com — Time Warner, Comcast and AT&T are all planning on moving forward with new tiers for internet use. More… 0 Comments Submitted By: destiney Categories: Business, Technology |