These days it’s the government, not media conglomerates, that has the true monopoly on information in Argentina.
via NYT > Most Recent Headlines http://latitude.blogs.nytimes.com/2012/08/09/argentinas-government-has-a-monopoly-on-information/
interesting things
These days it’s the government, not media conglomerates, that has the true monopoly on information in Argentina.
via NYT > Most Recent Headlines http://latitude.blogs.nytimes.com/2012/08/09/argentinas-government-has-a-monopoly-on-information/
GOLDMAN, GE Employees Switch to Romney…
via DrudgeSiren.com – All Stories http://www.drudgesiren.com/allhl.php?id=146263&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+drudgesiren%2FoGpG+%28DrudgeSiren.com+-+All+Stories%29#h146263
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This may be the key line in AMC Networks’ report this morning: Dish Network’s decision to drop AMC, IFC, WEtv, and Sundance Channel has cut the programmer’s total subscribers by 13% — but if the dispute isn’t resolved then the impact on cash flow and operating income “will be materially higher.†(Yesterday Dish Chairman Charlie Ergen was still talking tough, saying that his customers aren’t interested in AMC’s channels.) Yet the Q2 numbers, from the period before the fight with Dish broke open, aren’t bad. AMC generated $41.5M in net income, +52.9% vs the same period last year, on revenues of $327.6M, +12.2%. The revenue figure exceeds forecasts of $324.5M. And earnings at 58 cents a share beat the Street’s expectations by a penny. The domestic networks carried the ball with revenues +14.4% to $305.2M and operating income +21.6% to $111.3M. Ad sales grew 13.4% to $130M, while payments from cable and satellite companies were +15.2% to $176M.
But AMC has problems at its “International and Other†operation which includes its overseas channels, IFC Films, a broadcasting and technology unit, and VOOM HD. Revenues here were -13.1% to $26.3M with operating losses increasing 53.8% to $14.1M. The release sheds little light here, simply saying that it reflects declining revenues at IFC Films and the tech unit — as well as higher litigation expenses related to AMC’s $2.5B breach of contract suit against Dish for dropping the VOOM channels. Dish’s decision to drop AMC’s services is “directly related†to the suit, which goes to trial on September 18 in New York State Supreme Court, AMC chief Josh Sapan says. “Last month, the company received 36 Emmy Award nominations, more than any other basic cable television group,†he adds. “This critical reception helps drive the growth of our business and our financial performance.â€
via Deadline.com http://www.deadline.com/2012/08/amc-networks-q2-earning/
@businessinsider: People Are Calling The Cops Over This Graphic ‘Occupy’ Billboard by @laurastampler http://t.co/e4DNxVmc
@juliebosman: Boozy staff retreat on a mountain, sexual harassment charges: what prompted the firing of the Oxford American editor http://t.co/6YIGYyX8
You may remember Paul Brigner, the geek who quit his job as CTO of the MPAA to work for its arch-rival net-freedom advocates at the Internet Society, who manage the .ORG top-level domain. He has just filed comments with the White House’s IP Czar rubbishing the techniques proposed in SOPA, which contemplated censoring the Internet by tinkering with the domain-name service in the hopes of reducing copyright infringement. At the time that Brigner left the MPAA for ISOC, a lot of us were worried that he’d officially endorsed SOPA and argued in favor of it at Congress. Brigner and ISOC both assured us that he’d had a genuine change of heart, and these comments are the proof in the pudding. As Mike Masnick notes, Brigner was a pretty half-hearted, ineffective SOPA advocate, but he’s a rip-snortin’, ass-kicking critic of it.
We are also of the opinion that any enforcement attempts – at both national and international levels – should ensure and not jeopardize the stability, interoperability and efficiency of the Internet, its technologies and underlying platforms. The Internet – a network of networks – is based on an open and distributed architecture. This model should be preserved and should surpass any enforcement efforts. For the Internet Society preserving the original nature of the Internet is particularly significant, especially when enforcement is targeting domain names and the Domain Name System (DNS) in general. There are significant concerns from using the DNS as a channel for intellectual property enforcement and various contributions have been made on this issue by both the Internet Society and the technical community. It needs to be highlighted that from a security perspective, in particular, DNS filtering is incompatible with an important security technology called Domain Name Security Extensions or DNSSEC. In fact, there is great potential for DNSSEC to be weakened by proposals that seek to filter domain names. This means that DNS filtering proposals could ultimately reduce global Internet security, introduce new vulnerabilities, and put individual users at risk.
Our second recommendation relates to the legal tools that should be in place in any enforcement design. ISOC would like to stress the absolute need for any enforcement provisions to be prescribed according to the rule of law and due process. We believe that combating online infringement of intellectual property is a significant objective. However, it is equally important that this objective is achieved through lawful and legal paths and in accordance with the notion of constitutional proportionality. In this regard, enforcement provisions – both within and outside the context of intellectual property – should respect the fundamental human rights and civil liberties of individuals and, subsequently, those of Internet users. They should not seek to impose unbearable constitutional constraints and should not prohibit users from exercising their constitutional rights of free speech, freedom of association and freedom of expression.
As a general recommendation, we would like to emphasize our belief that all discussions pertaining to the Internet, including those relating to intellectual property – both at a national and international level – should follow open and transparent processes.
Former MPAA CTO Tells The White House Why SOPA Is The Wrong Approach For IP Enforcement
While even its vast cash resources won’t allow it to roll out fiber to every TV home in the U.S., Google Fiber is something pay TV operators should be “very, very afraid of,†said a report issued Wednesday by research group SNL Kagan.
“Google Inc. is reinventing the business of pay TV and broadband — and it may not need to wire every U.S. city to make an impact,†wrote SNL Kagan analys Deborah Yao, in the report’s lead.
Also read: The economics of Google Fiber and what it means for U.S. broadband
Two weeks ago, in Kansas City, Mo., Google launched a new fiber-based broadband and video service.
For $120 a month, subscribers get uncapped internet access that’s 172 times faster than the national average. They get a 2 terabyte DVR, capable of recording up to 500 hours of programming and eight shows at one time. And they get an as yet incomplete but growing selection of basic cable channels, albeit one that currently lacks such powerful draws as Disney’s ESPN, News Corp.’s Fox News and AMC.
The research company quoted Moody’s investment analyst Gerald Granovsky, who said that even with an astounding $45 billion of cash on hand, Google lacks the resources to accomplish the staggeringly expensive task of rolling out its fiber nationally.
“They don’t have the cash for it,†Granovsky said. “We would be shocked if they were to expand this.â€
But as SNL Kagan insinuates, Google — which spent $500 million to bring its Fiber to Kansas City — might just try. Quoting our own Stacey Higginbotham, the research group noted Google’s belief that it won’t lose money in Kansas City, with a customer-required $300 connection fee covering deployment cost.
SNL Kagan added that Google cut expenses by building its own set tops and running its fiber over aerial power lines instead of cutting them into the ground.
Also notable: Verizon spent $23 billion to bring FiOS fiber to 17 million homes.
“One could argue that Google may not have to wire every U.S. city, but just enough cities for pay TV operators to start changing their behavior,†reads the SNL Kagan report. “As Google proves that it can offer a superior product at lower prices, regulators could pressure cable and telecom operators to do the same.
According to the research group (and as previously noted by GigaOM) Time Warner Cable — the largest multichannel operator in Kansas City, with a 33.9 percent market share — is so concerned about Google Fiber, it’s offering employees $50 gift cards for tips about the service.
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Technology Review has an animated GIF originally posted by Nanex Research that shows the activity generated by trading bots on US exchanges. It’s pretty quiet for a couple years and then starts going nuts.
Algorithmic trading lets financial firms to spot and exploit market patterns at lightning speeds. This can bring a tidy profit, but it also puts computers in charge of making decisions that can cost a company millions, and that may have an unpredictable effect on the rest of the market.
If I’m reading the original source correctly, it seems like the vast majority of the activity is not trades but quotes — Nanex calls it “quote spam”. Basically the bots are asking for prices on stocks/options/etc. over and over again, looking for price advantages that they can then exploit via trades. The quote spam is swamping the communications systems:
Quote spam has exploded with no signs of stopping, while trade frequency has stalled and is actually lower than it was years ago. Each day is plotted in a separate color over the course of a trading day (9:30 to 16:00 Eastern): older data uses colors towards the violet end of the spectrum, recent data towards the red end of the spectrum. The gaps you see between color groups on the quote chart (left-side) is when system capacity was upgraded to handle the increase in traffic, and quote spam jumped to fill the new capacity that very same day.
(via @cory_arcangel)
Tags: finance
via kottke.org http://kottke.org/12/08/the-rise-of-the-high-speed-trading-bots-and-quote-spam
Ri Sol-ju, the wife of Kim Jong-un, was pictured with what appeared to be a Christian Dior handbag. The bag’s going price in Seoul is $1,600, about 16 times the monthly wage of some of the country’s best-paid workers.
via NYT > Most Recent Headlines http://www.nytimes.com/2012/08/09/world/asia/north-korea-is-that-a-dior-comrade.html

Aviva Nash, owner of the Drum Cafe, says that when the hosts spoke about a federal agency that took taxpayer money for an awards ceremony with drums, her business was falsely implicated.
via Hollywood Reporter http://www.hollywoodreporter.com/thr-esq/bill-oreilly-greta-van-susteren-sued-fox-news-359930?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+thr%2Fnews+%28The+Hollywood+Reporter+-+Top+Stories%29