.
2222222222222222222
Sooner is better. As soon as you can is best.
-
A Date With the Censors
http://www.nytimes.com/2012/01/01/world/asia/censors-pull-reins-as-china-tv-chasing-profit-gets-racy.html
OK. _____ Our government censors worry about other things.
http://www.nytimes.com/2012/01/20/technology/indictment-charges-megaupload-site-with-piracy.html
7 Charged as F.B.I. Closes a Top File-Sharing Site
By BEN SISARIO
Published: January 19, 2012
In what the federal authorities on Thursday called one of the largest criminal copyright cases ever brought, the Justice Department and the Federal Bureau of Investigation seized the Web site Megaupload and charged seven people connected with it with running an international enterprise based on Internet piracy.
Coming just a day after civil protests in the United States over proposed antipiracy bills, the arrests were greeted almost immediately with digital Molotov cocktails. The hacker collective that calls itself Anonymous attacked the Web sites of the Justice Department and several major entertainment companies and trade groups in retaliation for Mega-upload’s seizure. The Justice Department’s site and several others remained inaccessible for much of Thursday afternoon.
Megaupload, one of the most popular so-called locker services on the Internet, allowed users to anonymously transfer large files like movies and music. Media companies have long accused it of abetting copyright infringement on a vast scale. In a grand jury indictment, Megaupload is accused of causing $500 million in damages to copyright owners and of making $175 million through selling ads and premium subscriptions.
Four of the seven people, including the site’s founder, Kim Dotcom (born Kim Schmitz), have been arrested in New Zealand, the authorities said; the three others remain at large. Each of the seven people — who the indictment said were members of a criminal group it called “Mega Conspiracy” — is charged with five counts of copyright infringement and conspiracy. The charges could result in more than 20 years in prison.
As part of the crackdown, more than 20 search warrants were executed in the United States and in eight other countries. About $50 million in assets were also seized, as well as a number of servers and 18 domain names that formed Megaupload’s network of file-sharing sites.
Ira P. Rothken, a lawyer for Megaupload, said in a phone interview on Thursday that “Megaupload believes the government is wrong on the facts, wrong on the law.”
The case against Megaupload comes at a charged time, a day after broad online protests against a pair of antipiracy bills in Congress, the Stop Online Piracy Act, or SOPA, in the House, and the Protect I.P. Act, or PIPA, in the Senate.
The bills would give federal authorities expanded powers to crack down on foreign sites suspected of piracy. But technology companies and civil liberties groups say that the powers are too broadly defined and could effectively result in censorship. On Wednesday, Google and Wikipedia joined dozens of sites in political theatrics by blacking out some content and explaining their arguments against the laws.
Anonymous, which has previously set its sights on PayPal, Sony and major media executives, was more blunt in its response. The group disabled the Justice Department’s site for a time, and it also claimed credit for shutting down sites for the Motion Picture Association of America and the Recording Industry Association of America, two of the most powerful media lobbies in Washington, as well as those of the Universal Music Group, the largest music label, and BMI, which represents music publishers.
“Let’s just say, for #SOPA supporters their #SOPAblackout is today,” Anonymous wrote in a Twitter post. In an e-mail, a spokesman for the group said it was responsible for the Web attacks.
The Megaupload case touches on many of the most controversial aspects of the antipiracy debate. Megaupload and similar sites, like Rapidshare and Mediafire, are often promoted as convenient ways to legitimately transfer large files; a recent promotional video had major stars like Will.i.am of the Black Eyed Peas singing Mega-upload’s praises. But they have become notorious inside media companies, which see the legitimate uses as a veil concealing extensive theft.
Mr. Dotcom, a portly 37-year-old with dual Finnish and German citizenship, has made himself a visible target. He splits his time between Hong Kong and New Zealand and casts himself in flamboyant YouTube videos. His role as one of the most prominent Web locker operators has earned him a half-joking nickname in Hollywood: Dr. Evil."
. . . -
Kodak Declares Bankruptcy
Kodak decided to die when management decided to concentrate on their existing core business.http://en.wikipedia.org/wiki/Eastman_Kodak#Kodak_Research_Laboratories
http://en.wikipedia.org/wiki/Eastman_Kodak#Scientists
Scientists
- Harry Coover, polymer chemist (1917–2011)
- F. J. Duarte, laser physicist and author (left in 2006)
- Loyd A. Jones, camouflage physicist (1884–1954)
- Maurice Loyal Huggins, polymer scientist (1897–1981)
- Rudolf Kingslake, optical designer (1903–2003)
- David MacAdam, color scientist (1910–1998)
- Kenneth Mees, film scientist and founder of the research laboratories (1882–1960)
- Perley G. Nutting, physicist and founder of OSA (1873–1949)
- Steven Van Slyke, OLED scientist (left in 2010)
- Warren J. Smith, optical engineer (1922–2008)
- Ching W. Tang, OLED scientist (left in 2006)
- Bryce C. Bayer, Bayer Pattern (retired)
The laboratories have been inactive for twenty years.
http://en.wikipedia.org/wiki/George_Eastman
Eastman was associated with Kodak company in an administrative and an executive capacity until his death; he contributed much to the development of its notable research facilities. In 1911 he founded the Eastman Trust and Savings Bank. While discouraging the formation of unions at his manufacturing plant, he established paternal systems of support for his employees.
He was one of the outstanding philanthropists of his time, donating more than $100 million to various projects in Rochester; Cambridge, Massachusetts; at two historically black colleges in the South; and in several European cities.[5] In 1918, he endowed the establishment of the Eastman School of Music at the University of Rochester, and in 1921 a school of medicine and dentistry there.
In 1925, Eastman gave up his daily management of Kodak to become treasurer. He concentrated on philanthropic activities, to which he had already donated substantial sums. For example, he donated funds to establish the Eastman Dental Dispensary in 1916. He was one of the major philanthropists of his time, ranking only slightly behind Andrew Carnegie, John D. Rockefeller, and a few others, but did not seek publicity for his activities. He concentrated on institution-building and causes that could help people's health.
In his final two years, Eastman was in intense pain, caused by a degenerative disorder affecting his spine. He had trouble standing and his walking became a slow shuffle. Today it might be diagnosed as lumbar spinal stenosis, a narrowing of the spinal canal caused by calcification in the vertebrae. Eastman grew depressed, as he had seen his mother spend the last two years of her life in a wheelchair from the same condition. On March 14, 1932, Eastman died by suicide with a single gunshot to the heart, leaving a note which read, "To my friends: my work is done. Why wait?" It is a local myth that George Eastman's body, which was buried in Kodak Park against his personal wishes, is still preserved due to the amount of Kodak chemicals in the ground.[7]
His funeral was held at St. Paul's Episcopal Church in Rochester; he was buried on the grounds of the company he founded at Kodak Park in Rochester, New York. - No bottom.No middle.Soon, no top.
http://www.nytimes.com/2012/01/23/business/global/greek-talks-stumble-over-interest-rates.html?hp
Greek Talks Stumble Over Interest Rates
By LANDON THOMAS Jr.
Published: January 22, 201
LONDON — Talks between Greece and its private-sector creditors over restructuring its debt hit a snag over the weekend over how much of an interest rate the new bonds would pay.
While considerable progress has been made, Greece’s financial backers — Germany and the International Monetary Fund — have been unyielding in their insistence that the longer term bonds that would replace the current securities must carry yields in the low 3 percent range, officials involved in the negotiations said on Sunday.
Bankers and government officials say they still expect a deal to get done; Greece and its private-sector creditors on Friday appeared close to a deal that would bring the yield to below 4 percent. But the continuing disagreement over the interest rate is a reminder of just how complex and politically sensitive it is to restructure the debt of a euro zone economy.
Greece’s private creditors, who hold about 206 billion euros in Greek bonds, are resisting accepting a lower rate. They argue that they are already faced with a 50 percent loss on their existing bonds and that the lower rate would increase the hit they would take.
It would also make it more difficult to describe the deal as voluntary. A coercive deal, bankers warned, could lead to a technical default and the triggering of credit-default swaps, or insurance, an outcome that all sides were trying to avoid.
The bonds’ rate “is the only issue,” said a senior official directly involved in the negotiations. “We have to accommodate the needs of the Greek economy.”
Talks broke off over the weekend when Charles H. Dallara, the managing director of the Institute of International Finance, a bankers group that is representing private-sector bondholders, left Athens. In a statement, a spokesman for the I.I.F. said that Mr. Dallara had a previously planned personal engagement in Paris and that progress was being made with regard to securing an agreement.". . .
Financial crisis latest news
At current yields, government bonds are a disaster waiting to happen
22 Jan 2012
| Comment Greek debt talks stall over interest rate on bonds
22 Jan 2012
| 7 Comments Debt crisis: Italy and Spain call for eurozone rescue fund booster
22 Jan 2012
| 41 Comments Mario Monti calls for doubling of eurozone bail-out fund
22 Jan 2012
| 99 Comments Britain must be ready to back IMF, says Clegg
22 Jan 2012
| 58 Comments 888888888888888888888888888888888
-
Kodak Declares Bankruptcy
They have the story right and the details wrong.
- No bottom thus no middle.
No way to the top. Soon, no top.
-
Luckycharms
-
Does IMF Stand for Impressive Macroeconomic Flexibility?
So the IMF is holding a meeting on rethinking macroeconomic policy (I was invited but couldn’t make the timing work.) And the Fund’s chief economist has already made it clear that he’s open to some serious revision of the prevailing paradigm.
I will do a longer look.http://www.nytimes.com/2012/01/23/business/global/greek-talks-stumble-over-interest-rates.html?hp
Greek Talks Stumble Over Interest Rates
By LANDON THOMAS Jr.
Published: January 22, 201
LONDON — Talks between Greece and its private-sector creditors over restructuring its debt hit a snag over the weekend over how much of an interest rate the new bonds would pay.
While considerable progress has been made, Greece’s financial backers — Germany and the International Monetary Fund — have been unyielding in their insistence that the longer term bonds that would replace the current securities must carry yields in the low 3 percent range, officials involved in the negotiations said on Sunday.
Bankers and government officials say they still expect a deal to get done; Greece and its private-sector creditors on Friday appeared close to a deal that would bring the yield to below 4 percent. But the continuing disagreement over the interest rate is a reminder of just how complex and politically sensitive it is to restructure the debt of a euro zone economy.
Greece’s private creditors, who hold about 206 billion euros in Greek bonds, are resisting accepting a lower rate. They argue that they are already faced with a 50 percent loss on their existing bonds and that the lower rate would increase the hit they would take.
It would also make it more difficult to describe the deal as voluntary. A coercive deal, bankers warned, could lead to a technical default and the triggering of credit-default swaps, or insurance, an outcome that all sides were trying to avoid.
The bonds’ rate “is the only issue,” said a senior official directly involved in the negotiations. “We have to accommodate the needs of the Greek economy.”
Talks broke off over the weekend when Charles H. Dallara, the managing director of the Institute of International Finance, a bankers group that is representing private-sector bondholders, left Athens. In a statement, a spokesman for the I.I.F. said that Mr. Dallara had a previously planned personal engagement in Paris and that progress was being made with regard to securing an agreement.". . .
The Telegraph:
Financial crisis latest news
At current yields, government bonds are a disaster waiting to happen
To those who thought that gilts (UK government bonds) were "resting on a bed of nitroglycerine", the past year has been an expensive experience.
22 Jan 2012| Comment
Inflation is down. Inflation protected bonds are a loss.Greek debt talks stall over interest rate on bonds
Crucial talks between Greece and private creditors on debt restructuring stalled over the weekend, with a dispute over the interest rate to be paid on new bonds.
22 Jan 2012| 7 Comments
-
-
GeniusIQ179
-
City to Pay $33 Million to Inmates Who Were Illegally Strip Searched
This is about as far as we can go in the wrong direction... Are our courts stupid ? $33 Million for what ? An apology ? I think underneath, if anyone lifts the carpet.... There will be another case of Lawyer Fraud, Judge Fraud (I know, I know, there was a settlement.) But the arbitrators had to be getting a piece of the action... How many of these type of Fraudulent Settlements does it take before a sniffing dog can bite ???? Remember Folks out in California Lynn Boyd Stites 'The Alliance' 14 to 20 Lawyers keeping the Insurance Companies paying Lawyer Fees for keeping complex litigation in the courts overlong (for years)... How many Judges were also involved (none were charged).. Lynn and his fellow Lawyers went to jail for up to 8 years... But most of them have been reinstated to the CA Bar, and are still making the big bucks... How much of that NYC $33 Million will get to those poor injured strippers ??? Where are the Justice Enforcers when you need them...???Just ignore this troll."The settlement provides that inmates receive between $1,800 and $2,900, depending on how many times they were strip searched.
Richard Emery, the lead lawyer for the inmates, said nonviolent inmates who had been arrested for crimes like turnstile hopping and failing to pay child support were subjected to strip searches.
“They were subjected to humiliating strip searches that required groups of detainees to fully undress in front of each other and in front of multiple guards,” Mr. Emery said. “The inmates had to lift their genitals and breasts, spread their buttocks, and allow guards to inspect their private cavities in front of other inmates.”
He added, “The city had agreed to not do this in 2002 but violated their promise.”"
The city was a repeat offender.The judge made it sting to make it memorable.
-
.
No comments:
Post a Comment