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Ofcom unveils digital dividend auction
Vivid Video, one of the largest adult entertainment companies, has filed suit against the Adult Entertainment Broadcast Network, accusing the company of allowing users to post Vivids copyrighted materials on its website.
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ACMA calls for comments on digital TV development The Australian Communications and Media Authority (ACMA) is seeking the views of interested parties on how ACMA and the industry should approach the development of codes and standards for digital television. We encourage industry participants to share their views with ACMA, particularly about how it should approach the making of mandatory requirements in the digital television area, said Chris Chapman, ACMA Chairman. Amendments to the Broadcasting Services Act 1992 have introduced new provisions allowing ACMA to determine technical standards for the transmission and reception of digital television to assist in minimising the impact on consumers of the transition to new types of services and equipment.
SocGen defends Robert Day's share dealings
Day and his family's trusts and charitable foundations sold Societe Generale shares in December 2007 and up to 18 January 2008, which was a window of time where such trades were permitted under Societe Generale's trading policies for directors. All required disclosures were made," the bank said in a statement. "No inside information was used in any way with respect to these December and January sales," it added. The bank said that Day had no prior knowledge of losses alleged to have been caused by junior SocGen trader Jerome Kerviel. "In particular, before these trades were made, Mr. Day, like the other board members, was not advised of Mr. Kerviel's trading losses," it said. "Neither was he advised, like the other non-executive board members, that additional subprime-related write-downs or reserves would be made.
New Hampshire Primary Coverage - Tuesday, January 8, 6:00 p.m. - 1:00 ...
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Queens-born John Paulson makes fortune on home foreclosures
John Paulson made billions betting that you could lose your home. The Queens-born hedge fund titan scored big by making complex investments that would reap huge profits if housing prices drop and mortgage foreclosures rise. As the housing market tanked, Paulson made $2.7 billion in the first nine months of 2007 to lead all hedge fund bosses. Things are looking even better for him in '08 as real estate prices crumble and millions of Americans struggle to stay in their homes. "I've never been involved in a trade with such unlimited upside," Paulson, 52, boasted to The Wall Street Journal. The publicity-shy Paulson, who is not related to Treasury Secretary Henry Paulson, eschews the workaholic Wall Street ethos and tries to get home to his $15 million townhouse on the upper East Side in time for dinner.
Poor economy sends many to class
The economy stinks.Annual pay raises barely match the inflation rate.You're just happy a pink slip hasn't arrived in your mailbox - yet.Rather than tread water at a dead-end job, more adults are returning to college during the economic downturn. All five colleges based in Southwest Florida have reached record enrollment levels, and the State University System of Florida reports 13.4 percent more people applied to graduate school in 2007 than the prior year."This is the largest increase in graduate school applications, in both number and percentage, as far back as our records go," said state Chancellor Mark Rosenberg."Our universities are helping people in the Florida workforce prepare for career changes and new opportunities."By giving them richer knowledge and training, we are also helping our students insulate themselves against uncertainty in the job market."That's exactly why 38-year-old DeAnna Helton returned to college."I lost my job in October through corporate downsizing because of the economy," said Helton, formerly a title insurance underwriter.
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