The Recording Industry of America's favorite courtroom lawyer, Tom Perrelli, who has sued individual file swappers in multiple federal courts, is President-elect Barack Obama's choice for the third in line at the Justice Department. CNet's Declan McCullagh explores the background of the man who won the RIAA's lucrative business for his DC law firm: "An article on his law firm's Web site says that Perrelli represented SoundExchange before the Copyright Royalty Board — and obtained a 250 percent increase in the royalty rate for music played over the Internet by companies like AOL and Yahoo," not to mention Pandora and Radio Paradise. NewYorkCountryLawyer adds, "Certainly this does not bode well for CowboyNeal's being appointed Copyright Czar."
I blame bulky MS-Word documents. If everyone used gzipped, utf-8 text files, you could save fifty terabytes right there.
An anonymous reader writes "The hedge fund investor who prided himself on achieving 1000% returns, Andrew Lahde, wrote a goodbye letter to mark his departure from the financial world. In it, he suggests people think about building a new government model, and his suggestion is to have someone like George Soros fund a new government that brings together the best and brightest minds in a manner where they're not tempted by bribery. In doing so, he refers to how Linux grows and competes with Microsoft. An open source government. How would such a system work, and could it succeed? How long before it became corrupt? Would it need a benevolent dictator (Linus vs. Soros)?"