bdjacobson - Slashdot User

Submission + - $ China threatens 'nuclear option' - To crash the (sloopo.com)

Submitted by

sloopo

on Wednesday August 08, 2007 @09:41AM

sloopo writes: "Described as China's "nuclear option" in the state media, such action could trigger a dollar crash at a time when the US currency is already breaking down through historic support levels. It would also cause a spike in US bond yields, hammering the US housing market and perhaps tipping the economy into recession. It is estimated that China holds over $900bn in a mix of US bonds. Read the full story, click here"

Submission + - Washington Woman Sues RIAA for Attorneys Fees 1

Submitted by

NewYorkCountryLawyer

on Friday June 22, 2007 @04:49PM

NewYorkCountryLawyer writes: "A Washington woman sued by the RIAA has asked the Court to award her attorneys fees, after the record company plaintiffs (Interscope Records, Capitol Records, SONY BMG, Atlantic Recording, BMG Music, and Virgin Records) dropped their case against her after two (2) years of litigation, in Interscope v. Leadbetter. The brief submitted by her attorneys (pdf) pointed out the similarity between Ms. Leadbetter's case and Capitol v. Foster. In Leadbetter, as in Foster, the RIAA sued the woman solely because she had paid for an internet access account, and then later in the case attempted to plead "secondary liability" against her without any factual basis for doing so. This tactic had been repudiated by Judge Lee R. West in Capitol v. Foster as "marginal" and "untested" in his initial decision awarding attorneys fees, and in his later decision denying the RIAA's motion for reconsideration."

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