Alternative News

Authors, composers want 3.4% of every Belgian’s Internet bill

"Content owners in nearly every country have tried various strategies to get compensation for losses due to piracy. But copyright owners in Belgium have a bold new tactic: go after Internet service providers in court, demanding 3.4 percent of the fees their customers pay for Internet service. The lawsuit has been brought by the Belgian Society of Authors, Composers, and Publishers, known as Sabam. The group's claim is similar to the blank-media levy that exists in Canada. It seems to be based on the assumption that a particular medium is used to break copyright law, and therefore all the users of that media should rightly be required to pay a tax." Continue reading →

Continue ReadingAuthors, composers want 3.4% of every Belgian’s Internet bill

Secret Bitcoin mining code added to e-sports software sparks outrage

"Competitive video gaming community E-Sports Entertainment Association secretly updated its client software with Bitcoin-mining code that tapped players' computers to mint more than $3,600 worth of the digital currency, one of its top officials said Wednesday. The admission by co-founder and league administrator Eric ‘lpkane’ Thunberg came amid complaints from users that their ESEA-supplied software was generating antivirus warnings, computer crashes, and other problems." Continue reading →

Continue ReadingSecret Bitcoin mining code added to e-sports software sparks outrage

FinFisher spyware used by governments is disguised as Firefox; Mozilla not happy

"FinFisher, also known as FinSpy, is a piece of malware developed by Gamma International and sold to governments of 36 different countries (the US included) to monitor the activities of computer users. The spyware was originally designed to aid with criminal investigations, but there have been reports that say it has been used for more than just to catch criminals, such as to monitor the activities of dissidents or [insert label here]. Mozilla, the maker of the popular Firefox browser, has issued a cease-and-desist letter to Gamma International because Mozilla alleges FinFisher is packaged to look like the Firefox browser." Continue reading →

Continue ReadingFinFisher spyware used by governments is disguised as Firefox; Mozilla not happy

High-frequency stock traders turn to laser networks, to make yet more money

"Financial traders are now turning to high-speed laser networks between stock exchanges, to decrease latency by a few milliseconds, to squeeze a few more trillion dollars per year out of high-frequency trading (HFT). Perseus Telecom recently completed a microwave link between London and Frankfurt that reduced the round-trip latency to just 4.6 milliseconds — almost halving the 8.35-millisecond round-trip for the London-Frankfurt fiber link. The microwave network cost between $13 and $26 million to build, but for the financial trader who uses it could earn billions." Continue reading →

Continue ReadingHigh-frequency stock traders turn to laser networks, to make yet more money

President Obama Nominates Penny Pritzker for Commerce Secretary

"Pritzker is a Chicago billionaire heiress. Her father co-founded the Hyatt Hotel. She is estimated to be worth at least $1.7 billion. She was instrumental in funding Obama in his senatorial campaign and later his presidential campaigns. Cronyism will go wild with her at Commerce. She didn't spend all that money on Obama for nothing." Continue reading →

Continue ReadingPresident Obama Nominates Penny Pritzker for Commerce Secretary

Uh-oh: AT&T and Comcast are ecstatic about the FCC’s new chairman

"The same President who said 'I am in this race to tell the corporate lobbyists that their days of setting the agenda in Washington are over' when he was running for office has given the FCC's top job to a former lobbyist. Wheeler donated $38,500 to Obama's election efforts and helped raise additional money for Obama by becoming a 'bundler,' arranging for large contributions from other donors after hitting legal limits on personal contributions. Not surprisingly, the cable and telecom companies that Wheeler springs from are ecstatic about the nomination. Wheeler led the NCTA from 1979 to 1984 and the CTIA from 1992 to 2004." Continue reading →

Continue ReadingUh-oh: AT&T and Comcast are ecstatic about the FCC’s new chairman

Puerto Rico: We’re Watching this Offshore Tax Haven

"Although residents must still file a federal tax return, they are exempt from paying U.S. income taxes. Residents also avoid a 15% capital gains tax on assets held before moving there, and sold after 10 years of residence on the island. Former governor Luis Fortuno, who narrowly lost the re-election at the end of 2012, is responsible for the attractive tax incentives on the island. He not only slashed property taxes to zero for new homeowners for the first five years, but he also included a 100% tax exemption on all supplemental, passive income. Moreover, international financial institutions that move to Puerto Rico are eligible for full property-tax exemption." Continue reading →

Continue ReadingPuerto Rico: We’re Watching this Offshore Tax Haven

Cop Arrests Guy For Drinking A Half & Half Arizona Ice Tea

"A police officer decided a man's can of Iced Tea might have alcohol in it but the man was not acting drunk. The officer was wrong about the alcohol so he then decided to demand the person leave the store parking lot property. Because the man wouldn’t leave the property the officer arrested him. Is this is a good use of public resources? Did this officer perform to a service to society? Or did he waste taxpayers money on violating an individual's rights?" Continue reading →

Continue ReadingCop Arrests Guy For Drinking A Half & Half Arizona Ice Tea

Colorado legislator wants to treat ‘High Times’ magazine like porn

"A Colorado Senate committee is considering putting marijuana-themed publications like High Times behind the counter. 'It’s analogous to the pornography example,' Rep. Bob Gardner (R-Colorado Springs), who proposed the idea, explained to The Associated Press. Gardner’s legislation was offered as an amendment to a larger marijuana regulation bill. If approved, stores accessible to those under 21 would be required to place marijuana-themed magazines behind the counter with other adult publications like Playboy. David Holland, a lawyer for High Times, told the Associated Press the magazine would sue the state if it enacted such a law." Continue reading →

Continue ReadingColorado legislator wants to treat ‘High Times’ magazine like porn

NYC To Hike Cigarette Age To 21 in Apparent Effort To Boost Black Market

"Let's say you're an official in a jurisdiction that has raised cigarette taxes so high that the majority of smokes consumed in the state come from the black market — either smuggled in from lower-tax jurisdictions or else outright counterfeits sold as the real deal to consumers trying to avoid being mugged as they enjoy their chosen vice. Assuming that your goal is to get everybody to go to the black market, what else can you do to nudge retailers and smokers to deal with the guys selling off the back of trucks? Well, how about raising the smoking age — effectively imposing prohibition on some existing smokers so that they have to go underground to get their smokes?" Continue reading →

Continue ReadingNYC To Hike Cigarette Age To 21 in Apparent Effort To Boost Black Market