Get Those Downloads Finished: The Coming BitTorrent Collapse

February 14, 2009

Backers of BitTorrent Eden The Pirate Bay goes on trial on Monday in Stockholm. The site owners reportedly have attempted to insulate the site from their own control, so even a conviction would prevent its shutdown. But if you really wanted to get that copy of “Paul Blart Mall Cop,” now’s the time.

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Trump Resigns: Death of Atlantic City?

February 14, 2009

Donald Trump steps down from his branded Entertainment company, mouths off about poor management. A deadline had been extended four times since December to come up with a $53 million bond payment – no dice. Four years ago, its market value was $842 million – now, it’s $7.3. Chapter 11 pending.

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Cleanup: Supreme Court to Reexamine Superfund Liability

February 14, 2009

The current Superfund system was transformed from a clean-up-the-mistakes-of-decades-ago aimed on industrial polluters, to clean-up-anything-and-everything aimed at companies that have no real connection to the environmental damage done. Like asbestos litigation, it makes little sense under normal principles of guilt and causation.

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Despite Pledges, StimPack Chock Full of Porky Goodness

February 13, 2009

The compromise stimulus bill adopted by House and Senate negotiators this week is not free of spending that benefits specific communities, industries or groups, despite vows by President Obama that the legislation would be kept clear of pet projects, according to lawmakers, legislative aides and anti-tax groups.

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Michael Lewis: Man Up, Wall Streeters

February 13, 2009

Feb. 13 (Bloomberg) — Before I quit my job trading bonds for my former Wall Street employer and set up my first hedge fund, I thought long and hard. I stared at the ceiling every night, unable to sleep, and asked myself, over and over, many difficult questions. For example: “How sincerely do I want […]

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After Criticism, Wal-Mart Fixes Health Care

February 13, 2009

Washington policymakers contemplating a fundamental overhaul of the nation’s troubled health-care system may want to study the saga of Wal-Mart.

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Commuter Plane Crashes in New York, 49 Dead

February 13, 2009

Forty-nine people reportedly died when an aircraft identified as a Continental Airlines flight crashed into a house in Clarence Center shortly after 10 p.m. last night, starting a huge fire which poured thick smoke throughout the hamlet.

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Think Your Congressman's Read the StimPack? They May Not Have it Yet

February 13, 2009

We’re receiving E-mails from Capitol Hill staffers expressing frustration that they can’t get a copy of the stimulus bill agreed to last night at a price of $789 billion. What’s more, staffers are complaining about who does have a copy: K Street lobbyists.

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Crash of US, Russian Satellites in Space Starts Blame Game

February 13, 2009

MOSCOW – U.S. and Russian officials traded shots Thursday over who was to blame for a huge satellite collision this week that spewed speeding clouds of debris into space, threatening other unmanned spacecraft in nearby orbits.

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Connor: Is Obama Tanking Already?

February 13, 2009

Someone throw President Obama a line. He’s sinking. Charisma, charm and eloquence, along with an adoring gaggle of reporters, might get you elected. But if you promise change, you’d better deliver. So far, Obama is not delivering.

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