Saturday, June 21, 2008

Watching the Watchers

We start today by looking at the words of Iranian President Ahmadinejad. He blames a weak dollar and market speculation on the high price of oil. Oh brother, I actually agree with that. What I'm not so sure about is his charge that the manipulation is being done for deliberate economic and political ends.

On the other hand, CEO salaries are still rising faster than workers.' There is also a climbing awareness of the failures of the so-called pay for performance compensation packages that are widely used. To an outsider, such things might make executive salaries look like a rigged market.

Meanwhile, the impact of citizen reporting is still being shaken out. Governments around the world arrested bloggers at a rate three times higher in 2007 than 2006. And it's not just totalitarian regeimes that are concerned with bloggers. Here on the home front traditional media companies are still trying to come to gripps with the sea change the Internet has wrought. The Associated Press issued a DMCA takedown notice to a web site for doing exactly what I often do here: quoting a story and linking the source.

And just in case you thought there might be consequences for the illegal use of wiretaps on American citizens, it looks like the congress might just have dissappointed you by granting immunity to the telecom industry who participated in the illegal activity.

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