So really, the longer-term danger here is that manufacturers will decide the laws aren’t powerful enough. Once kids start merrily copying toys, manufacturers will push to hobble 3-D printing with laws similar to the Stop Online Piracy Act. “You’ll have people going to Washington and saying we need new rights,” Weinberg frets. Imagine laws that keep 3-D printers from outputting anything but objects “authorized” by megacorporations — DRM for the physical world. To stave this off, Weinberg is trying to educate legislators now.
Read the article here.Comments »
The Syrian Foreign Ministry issued a statement on Tuesday saying that the US is covering up terrorist crimes and distorting the facts about what is happening in
Syria. ”Comments »
“The US Department of Justice announced Monday it will sue Florida to stop the state from purging ineligible voters from its voter rolls. The DOJ statement came after Florida filed suit against the Department of Homeland Security for failing to cooperate with efforts to clean up the state’s voter registration records.”Comments »
MIAMI (CBS4) – The drug that made headlines after the causeway cannibal case is back in the news again.
This time, North Miami Beach Police said a man believed to be on bath salts stripped nearly naked at a childrens playground and threatened a three-year-old girl with sexual advances.Comments »
“LONDON (Reuters) – Oil major BP said oil had started pumping from a new project in deepwater in the Gulf of Mexico, its first newdevelopment to come onstream since the Macondo disaster in 2010 caused the largest offshore spill in U.S. history.
BP said on Tuesday the Galapagos development started initial production earlier in June, with oil flowing to a nearby platform 140 miles south east of New Orleans in water depths of 6,500 feet.
The Galapagos project was named by BP as one of a handful of major projects which will help demonstrate its return to work in the Gulf of Mexico, where it is the largest producer of oil and gas in a region which is key to its future, despite the oil spill at its deepwater Macondo well two years ago.”Comments »
CAC is now negative for the day.
It’s not just Spain and Italy. German, French, Austrian and other sovereign yields are spiking sharply, pan-europe.Comments »
If the property tax is eliminated, it would be the first time since 1980 — when oil-rich Alaska got rid of its income tax — that a state has discontinued a major tax, reports the Tax Foundation, a non-partisan research group. North Dakota would become the only state not to have a property tax, a levy the state has had since before it joined the union in 1889.Comments »
Both up 3.5%.
“General Electric is considering breaking off large parts of its lending business amid investor concerns that the conglomerate has become one of the largest banks in the U.S., The Wall Street Journal reported.
Although GE [GE 19.324 0.124 (+0.65%) ] has made strides to cut down its GE Capital division by selling assets and allowing its loan portfolio to shrink, top executives are now looking at going further, the Journal said.”Comments »
According to CNBC, UBS bought 40 million shares of Facebook, instead of their desired 1 million allocation, due to lack of reporting from Nasdaq. Some jackass trader kept putting in the order, until it reached an absurd 40 million shares.
After finding out how stupid they are, the began to sell. Rumor has it they sold most of their stock under $30, thereby booking a monstrous $350 million loss on the debacle.
UBS is preparing to sue Nasdaq for damages.Comments »
“US District Court Judge Richard Posner has decided, for the moment, to dismiss two-year old patent litigation involving Apple Inc. (NASDAQ: AAPL) and Motorola Mobility, now merged with Google Inc.(NASDAQ: GOOG). The trial, scheduled to begin Monday, has been cancelled by Posner.”Comments »
Chesapeake Energy Corp plans to sell its pipeline and related assets to Global Infrastructure Partners for more than $4 billion, as the company scrambles to plug an estimated $10 billion funding shortfall and prepares to face what promises to be a fiery annual shareholder meeting later on Friday.
The second-largest U.S. natural gas producer, whose shares have lost about half their value over the last year, is trying to convince its shareholders that it is still a good investment despite steep drops in profits and corporate governance scandals centered around Chief Executive Officer Aubrey McClendon.Comments »
“The Federal Housing Administration, struggling to manage a growing glut of delinquent home mortgages, plans to ramp up sales of the loans to investors, a move that could stave off foreclosure for thousands of homeowners.
The government agency, which is expected to announce the bulk sale program Friday, has more than 700,000 loans in default, amounting to more than 9% of the $1 trillion in loans it insures. Bulk loan sales are one way the FHA could reduce the backlog of potential foreclosed properties it will have to take back and resell.”Comments »
Seven workers at a Foxconn factory in Chengdu went to a restaurant near their dormitory, but began making a ruckus after an argument between the eatery’s owner and his wife “affected their meal”, said a statement on the Sichuan government website (www.scol.com.cn) released on Thursday.
After the restaurant owner called the police, the workers ran back to their dormitory shouting “they are beating us”, upon which around 100 of their colleagues came in and joined the disturbance, throwing bottles, the statement added.Comments »