RIAA to feds: Make XM-Sirius pay more, restrict listeners' recording

The Recording Industry Association of America has already mounted a court challenge against XM Satellite Radio over gadgets like the Pioneer Inno that allow consumers to trap individual songs originally played on air in alleged violation of copyright.

Now the industry group is urging that issue to be one of the deciding factors for federal regulators weighing the proposed multibillion…
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07/11/2007 09:48 AM

Microsoft served with Xbox 360 lawsuit

SEATTLE -- A Florida man who claims Microsoft Corp.'s Xbox 360 scratches game discs has sued the company, saying the consoles are "negligently designed and manufactured."

In the lawsuit filed Monday in a Florida federal court, Jorge Brouwer says Microsoft has received thousands of complaints but has not replaced all scratched discs. The lawsuit seeks class-action status.
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07/11/2007 09:22 AM

Bar of chocolate sold for $1,300.

A 20-year-old has been charged with fraud after selling 200 grammes of chocolate for the extortionate sum of 9,000 kronor ($1,300).

The two men who bought the goods had been led to believe that the package contained cannabis.

On discovering that they had been cheated the men decided to seek revenge. They have now both been prosecuted for assault after shooting the 20-…
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07/10/2007 03:59 PM

South Korea To Tax Virtual Assets/Virtual World


The Korean National Tax Service has announced they will be tacking on value added tax (VAT) to real-money transactions (RMT) in virtual worlds beginning 1 July. It seems like a business that would be fairly easy to take under the radar to avoid paying taxes, but I'm not a tax professional.

A summarized policy:

Sellers who do between 6 and 12 million won [~$6,500 - $13…
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07/01/2007 08:48 AM

iPhone Already Selling for Over $1000 on Ebay

Six months ago when Steve Jobs introduced the iPhone, the buzz right away was deafening. Now here we are on launch day and the buzz is at a fever pitch. Today, thousands of people across America are sitting in line, waiting for 6:00 P.M. to arrive so that they have a chance to finally buy the Apple iPhone.

The early reviews are in and it looks like the iPhone shouldn’t disappoint.…
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06/30/2007 11:22 AM