An anonymous reader writes "NetBank, one of the first internet banks in the country was closed by the FDIC on Friday. Being a loyal customer for 8 years, I am saddened that an institution that provided me with so much great service and a cool, hi tech way to conduct my financial transactions is shutting down. Seems that mortgage defaults are to blame: 'NetBank's closure marks the first bank to close since the recent U.S. housing boom deflated. Critics have said that weak underwriting standards have led to record number of homeowners entering the foreclosure process. But NetBank's rare Internet-based business strategy made it a unique financial institution and its problems aren't expected to mirror issues facing other mortgage lenders, analysts say.'"

Penguinsh*t writes "Though the movie version of Knight Rider has remained 'up on chocks' for the better part of the last decade, Knight Rider, the TV show is revving into high gear. 'The premise of the show will essentially remain the same as the original, which centered on a mulleted man righting wrongs with the help of a particularly chatty and souped-up automobile. No word yet on who will play the hero this time around, but the Peacock is looking for some new blood.' Besides which, 'the Hoff' is busy."

rarwes writes "A website is aiming at blocking Firefox users. This because a fraction of the Firefox users installed an Ad Blocker and are therefor 'stealing money' from website owners that use ads. They recommend using IE, Opera or IE tab. From the site: 'Demographics have shown that not only are FireFox users a somewhat small percentage of the internet, they actually are even smaller in terms of online spending, therefore blocking FireFox seems to have only minimal financial drawbacks, whereas ending resource theft has tremendous financial rewards for honest, hard-working website owners and developers.' Be interesting to see where they are getting their numbers from.

Aaron Swartz today announced the launch of the new Open Library project. The goal of the project is to produce the world's greatest library on the Internet free for anyone to use. Starting with the Internet Archive's book scanning project and organizing the insertion of new content via a wiki-type model the project seems to be off to a great start. The demo, source code, and mailing lists were all opened up today in hopes of drawing interest from the public at large.

lopy writes "First Google claimed the internet infrastructure won't scale to provide an acceptable user experience for online video. Then some networking experts predict that a flu pandemic would bring the internet to it's knees and lead to internet rationing. We used to think that bandwidth would always increase as needed, but what would happen if that isn't the case? How would you deal with a global bandwidth shortage? Would you be willing to voluntarily limit your internet usage if necessary? Could you live in a world without cheap and plentiful broadband internet access?"

DIRECT Launcher writes, "A grass-roots effort, based around a group of engineers, managers, and others involved in the US space program, is proposing an alternative launch vehicle for NASA to adopt for the new Lunar Exploration program. The new vehicle offers serious performance and cost savings totaling $35 billion over the next twenty years. The proposal was presented to NASA last week. The concept would make possible future Hubble Space Telescope servicing missions after Shuttle has retired, allow for all the remaining ISS elements to be launched after all, free up cash to fund the JIMO mission again, and also allow NASA to return to the moon three years early."