Archive for February 8th, 2009
Word is getting around the Internet that Youtube is no longer the wild west. Youtube is pulling down numerous video due to copyright violations. What is a copyright violation? Youtube has published this succinct set of guidelines, including various links for further understanding. It’s a good starting place for anyone tempted to make use of the creative works of others without their explicit permission.
Here’s a hint: “Fair use” doesn’t mean that you can do whatever you want.
I’m not an economist, yet I know that the most vocal economists these days are not shooting straight with us. You can see it in their faces and you can hear it in their voices.
Niall Ferguson is a professor of history and a professor at the business school at Harvard. His analysis of our economic problems rings true to me. He starts with the premise that we are in hock up to our eyeballs and we are in massive denial that this is the real problem:
The harsh reality that is being repressed is this: the Western world is suffering a crisis of excessive indebtedness. Many governments are too highly leveraged, as are many corporations. More importantly, households are groaning under unprecedented debt burdens. Average household sector debt has reached 141 per cent of disposable income in the United States and 177 per cent in the United Kingdom. Worst of all are the banks. Some of the best-known names in American and European finance have balance sheets forty, sixty or even a hundred times the size of their capital. Average U.S. investment bank leverage was above 25 to 1 at the end of 2008. Eurozone bank leverage was more than 30 to 1. British bank balance sheets are equal to a staggering 440 per cent of gross domestic product