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Businesses

Contemplating Financial Trading At Picosecond Resolution 448

Posted by timothy from the race-to-the-bottom-yowza dept.
pbahra writes "One complaint made of the modern stock market is that it is concerned too much on the short term. A second is a long time in cash-equities trading. Four or five years ago, trading firms started to talk of trading speeds in terms of milliseconds. But in recent weeks trading geeks have started to talk about picoseconds, in what is a truly mind-boggling concept: a picosecond is one trillionth of a second. Put another way, a picosecond is to one second what one second is to 31,700 years."
Data Storage

Data Recovered From DVD Leads To Conviction, 24-Year Sentence 231

Posted by Soulskill from the put-that-in-a-safe-place dept.
Lucas123 writes "The Santa Cruz, Calif. DA's office had been counting on a DVD with the recorded testimony of a victim in case against a serial rapist, but when they popped the video into the player, nothing came up — the disc was blank. To make matters worse, the cop who performed the original interview with the victim told the DA she never said she was 'forced,' so the judge wasn't going to allow the witness to testify in a case where her original statement to police was in conflict with her current testimony. After two local data recovery firms said there was no way to restore the data, a third was able to recover the police interview from two years earlier, which led the defendant to plead guilty earlier this month. Close call."
The Courts

Groklaw Summarizes the Lori Drew Verdict 457

Posted by kdawson from the unpredictable-and-retroactve dept.
Bootsy Collins writes "Last Wednesday, the Lori Drew 'cyberbullying' case ended in three misdemeanor convictions under the Computer Fraud and Abuse Act, a 1986 US Federal law intended to address illegally accessing computer systems. The interpretation of the act by the Court to cover violations of website terms of service, a circumstance obviously not considered in the law's formulation and passage, may have profound effects on the intersection of the Internet and US law. Referring to an amicus curiae brief filed by online rights organizations and law professors, PJ at Groklaw breaks down the implications of the decision to support her assertion that 'unless this case is overturned, it is time to get off the Internet completely, because it will have become too risky to use a computer.'"

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