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The Courts

Submission + - Crazy non-compete contracts???

JL-b8 writes: "Dear Slashdot, I've just encountered a (from what I know) strange occurrence. A group of friends who work for a small web design firm are being forced to sign a non-compete agreement with a clause that prohibits the employee from working with a competing company for 12 months after the date of their leaving. Is this a common thing? And what has happened to people who have signed these things? The owners claim it's a standardly practiced clause but I don't see how the hell a web developer/designer is supposed to find work in a city for a year without moving to a completely different city. I'd like more input as to how this weighs in to the rest of the companies out there."
The Almighty Buck

Submission + - An eBay for Money

friedo writes: "After launching about a year ago and growing primarily through word-of-mouth, the web-based lending site Prosper.com has caught the eye of the mainstream media. So far, Prosper has originated more than $36 million in loans, with interest payments (and risk) going directly to users who bid as little as $50 on individual loans in a reverse Dutch-auction for the lowest interest rate. Any US resident can be a lender, and bid based on the borrowers' Experian credit history and personal story."

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Thus spake the master programmer: "After three days without programming, life becomes meaningless." -- Geoffrey James, "The Tao of Programming"

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