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Communications

Submission + - Internet radio receives 11th hour reprieve (wired.com)

zerocool^ writes: "As I was only a few minutes into my first ever internet radio broadcast — and knowing that it might very well be my last — someone linked this story in IRC, letting us know that Internet Radio has been saved, or at least given a little breathing room. From the story: "The SoundExchange executive [Jon Simson, executive director] promised — in front of Congress — that SoundExchange will not enforce the new royalty rates. Webcasters will stay online, as new rates are hammered out." There is still more work to do — get caught up, call your representatives to let them know you support net radio, and stay tuned — literally and figuratively — for more info."
United States

Journal Journal: Dollar Nears Record Low

With the stock market booming and the trade deficit with China at an all time high as well, it is strange that the U.S. dollar is headed in a different direction.

Businesses

Submission + - CEO used pseudonym to post on stock bboard (wsj.com)

jpallas writes: The Wall Street Journal reports that court filings by the FTC about Whole Foods' plan to acquire Wild Oats reveal an unusual detail: The CEO of Whole Foods regularly posted to a Yahoo! stock bulletin board under a pseudonym. His alter ego was feisty, to say the least, and regularly disparaged the company that he later decided to acquire. A former SEC chairman called the behavior "bizarre and ill-advised, even if it isn't illegal." This certainly raises questions about online rights to free speech and anonymity, especially when the line between free speech and regulated speech depends on who is speaking as much as what they are saying.
Privacy

Submission + - Credit industry opposes anti-ID theft method (yahoo.com)

athloi writes: "Lawmakers across the country — pushed by consumer advocacy groups — are mounting a counterattack. They have passed laws that allow consumers to freeze their credit, a surefire way to prevent thieves from opening new accounts or obtaining a mortgage in a consumer's name. Under a freeze, a consumer cuts off all access to his credit report and score, even his own. All lenders require that information, so no one can borrow money in the consumer's name until he or she lifts the freeze. It's simple, and it works. So, of course, it's under threat from the Consumer Data Industry Association, which represents the Big Three credit bureaus. They make millions gathering and selling consumer data. Freezes cut into that business.

http://news.yahoo.com/s/usatoday/20070703/cm_usato day/aweaponagainstidentitytheft"

Microsoft

Submission + - Gates' Generosity Under Investigation (lewrockwell.com)

vashfish writes: In a fit of irony, the Bill and Melinda Gates foundation is under investigation by the DoJ for being TOO generous. From the article:

"After the Bill & Melinda Gates Foundation announced plans to donate five billion dollars to help rebuild libraries destroyed by Hurricane Katrina, the Department of Justice's Antitrust Division launched a formal investigation into the Foundation. Thomas O. Barnett, Assistant Attorney General, said in a press release that, 'The Bill & Melinda Gates Foundation, the world's largest charity cartel, has overstepped its boundaries and entered into the realm of predatory pricing. How is FEMA supposed to compete with private charities?'"

Media

Submission + - Rupert Murdoch gets positive about free content (chicagotribune.com)

Amir E. Aharoni writes: "Media tycoon Rupert Murdoch considers purchasing the Wall Street Journal and says that free, quality, online content is a good business model. Quote: Spinning a `what if' scenario for Time magazine, Murdoch bet the Journal would be more profitable if it spent $100 million a year to employ top business writers and got rid of the presses, paper and trucks and put everything online for free."
The Media

Submission + - Universal to walk out on iTunes? (nytimes.com)

Bellum Aeternus writes: "Looks like the Universal Music Group of Vivendi is considering abandoning iTunes and the million of iPod owners that purchase music every year. Universal Music Group of Vivendi is demanding greater control and pricing power before it'll sign a new contract with Jobs and co. Who's more persuasive Steve Jobs or the world's biggest music corporation?"

Feed The Register: Body that spawned the internet wants to rebuild it (theregister.com)

Broke or not, DARPA's fixin' to fix it

DARPA*, the US military's occasionally eccentric death-tech hothouse, is often lauded as having created the internet. Under its old name ARPA, the agency oversaw development of the so-called Arpanet, forerunner of today's IP net. Now, however, DARPA reckons the internet needs to be reinvented.


Sci-Fi

Submission + - Hunt for elusive Sasquatch (theglobeandmail.com)

Raver32 writes: "Researchers will visit Michigan's Upper Peninsula next month to search for evidence of the hairy manlike creature known as "Bigfoot" or "Sasquatch." The expedition will centre in eastern Marquette County, following the most recent Bigfoot eyewitness account, said Matthew Moneymaker of the Bigfoot Field Researchers Organization. "We'll be looking for evidence supporting a presence.... We hope to meet local people who might have seen a Sasquatch or heard of someone else who had an encounter," Mr. Moneymaker told the Daily Press of Escanaba. Most experts consider the Bigfoot legend to be a combination of folklore and hoaxes, but there are a number of authors and researchers who think the stories could be true."
The Courts

Submission + - Teacher granted new trial in porno pop-up case (norwichbulletin.com)

ZigmundRat writes: A Superior Court judge today ordered a new trial for Julie Amero, the former Norwich substitute teacher who claims pornographic images on her classroom computer were the result of pop-up ads. Forensic investigation into Amero's computer at the state police crime laboratory and by the defense team turned up the possibility of "erroneous" facts presented to jurors by the prosecution's expert computer witness. (So much for 'Expert Witness' testimony, and the fact that Herb Horner the defense expert was not allowed to testify about porn storms at the trial.) Better late than never, I suppose. But it's a travesty that this ever got to the sentencing phase or that charges were even filed to begin with. Best wishes to Julie and for a quick end to this nightmare.
Education

Submission + - CS professor named new Harvard Dean (thecrimson.com)

mclove writes: "Michael D. Smith, a computer hardware professor, was just named Dean of the Faculty of Arts & Sciences at Harvard, in charge of the college and the non-professional graduate schools. A bit suspicious that this is happening the same week Bill Gates is getting an honorary degree, but a great sign for the future of CS in academia."

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