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Submission + - Cisco routers to blame for huge Japan net outtage

An anonymous reader writes: Cisco routers were the source of a major outage May 15 in an NTT network in Japan, according to an investment firm bulletin. Between 2,000 and 4,000 Cisco routers went down for about 7 hours in the NTT East network after a switchover to backup routes triggered the routers to rewrite routing tables, according to a bulletin from CIBC World Markets. The outage disconnected millions of broadband Internet users across most of eastern Japan. -routers-major-outage-japan.html
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 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."