News
US investigates derivative market, credit default swaps
news.bbc.co.uk — The US Justice Department launches probe into the credit default swaps market, where complex derivatives are traded largely unregulated. US Treasury Sec. Geithner said he wanted greater regulation of certain derivatives. Credit default swaps helped bring down the insurance giant AIG. They are effectively bets on whether a company will pay its debts More…
Plug being pulled on WBCN, Boston' rock radio pioneer
boston.com — For decades, WBCN carried a reputation as perhaps the most progressive commercial rock station in the country, featuring such well-known air personalities as Charles Laquidara, with his “The Big Mattress” morning show, Danny Schechter the News Dissector, and J. Geils Band lead singer Peter Wolf, who worked as a DJ there. The end is slated Aug. 13. More…
Epic Fail - Human Rights Watch Raises Funds from Abusers
online.wsj.com — Human Rights Watch was recently in Saudi Arabia. To investigate the mistreatment of women under Saudi Law? To campaign for the rights of homosexuals, subject to the death penalty in Saudi Arabia? No, rather to raise funds from one of the most totalitarian nations on earth. Who will they raise money from next, Iran or North Korea? More…
Happy Birthday, Bit.ly! You're About to Crush TinyURL
mashable.com — Do you remember Twitter one year ago? It was 1/10th the size it is today and its default URL shortener was TinyURL, the most popular tool of its kind for years. On July 14th, 2008 though, a new rival was born: Bit.ly, which not only shortened links (and had shorter URLs), but added deep analytics so you could know about who was... More…
Hole Appears in Plane Fuselage in Flight (passenger video)
blogs.dallasobserver.com — It looks like this, courtesy John Benson, a passenger on that Southwest Airlines 737 that made an emergency landing Monday night when a hole suddenly appeared in the fuselage, prompting the Dallas-based carrier to inspect 200 planes overnight. And, yes, looks like he picked the wrong week to quit smoking. Benson shot the video with his cell phone.. More…
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