AT&T loses whopping $6.7B on pensions, T-Mobile breakup

With the postpaid business slowing down, AT&T has turned its eye to the connected devices business, connecting everything from picture frames to dog collars with a cellular signal. It’s a relatively new area that AT&T has been particularly aggressive in pursuing, which has resulted in lower average revenue per user, but higher profits. AT&T added more than 1 million connected devices in the period.

The new rivers of gold, billions of low cost connected devices, low churn, low price, low interest in competition, low bandwidth, low cost of sales, & high margin.

financial TLDs ?? OTC derivatives data reporting requirements ??? is this a dotLEI showcase?

As a pre-requisite, a LEI DOMAIN should only be registered when the applicant uses an FSA ACCREDITED registrar anywhere in the world. The registrar checks the applicant, and is supervised by the registry and Financial Services Authority.
The largest benefit would however accrue from the PUBLIC OVERSIGHT, since anybody being able to access the Internet can verify the LEI DOMAIN information and can raise a concern or objection of non-valid data to the registrar-registry. Information to be placed is template-like (see as example) and transparent due to the nature of the Internet.

LEI DOMAIN content (the necessary information the counterparty must provide) is accessible at no cost by all people being able to use the Internet ??? and multilateral synchronization issues are solved through the Domain Name System (DNS).
LEI DOMAIN information can be updated real time. If the Registrant or Registry ???pulls the plug??? on LEI DOMAINS, i.e., they are no longer valid counterparties ??? this action can be seen the very same moment it happens around the world. Uniqueness, neutrality, reliability, open source, and PUBLIC PROPAGATION AND VISIBILITY (transparency) are typical benefits of the DNS.
Which central system would allow this to happen at minimal cost for the involved?
As a new solution possible as of 2012, is to apply to ICANN to register .LEI as a Top Level Domain.


Missionary Church of Kopimism in New Zealand

The recent ???mega conspiracy??? takedown has caused the Pirate Party of New Zealand to take a deeper look at exactly what we stand for. We???re about the free flow of information. The pirate party would like to reform copyright law so that peer to peer filesharing is legal and copyright law only covers ???commercial activity??? […]

They’re here.

Attention Music Managers and Artists: you may be owed BILLIONS in unpaid royalties

For years I have been arguing that iTunes digital music distribution was a license of music, not a sale. When Steve Jobs and his team negotiated the original iTunes deal with the major labels, the economics gave iTunes roughly 30% of each download, like a distributor/ retailer of CDs would receive and the remaining 70% would flow to the labels and presumably be split as with a traditional CD sale.

But what was rarely questioned at the time, was the way the 70% label share would be split. The labels assumed that these downloads were ???sales??? of copies of the songs and that artists would receive their royalties based on traditional accounting practices.

Indeed in the early days of payments from iTunes, labels often continued to deduct fees for ???packaging??? and ???breakage??? and ???co-op??? often when there were no actual costs being incurred. Hardly anyone questioned whether iTunes downloads were ???licenses??? versus ???sales??? ??? which would have swung the payments heavily in favor of the artists.

“co-op,” advertising costs shared by retailer and label. ???Packaging??? and ???breakage??? have their normal meanings, but some what out of context in digital distribution. Breakage refers to the 10% of vinyl(?) records expected to break during shipment, puh-leeze, it was a rip-off then, doubly so now.

Listen from the cloud.

Our app was developed using HTML5, a language mobile devices love. You can listen to audio books across all devices and browsers and you’ll never have to download another plug in again. We’ve also incorporated a cloud-based technology which allows you to access your audio books from anywhere in the world and eliminates the frustration that comes with slow downloads and storage constraints.

Basically, our new app allows you to:

  • Listen to unlimited audio books on-demand
  • Easily switch between listening devices—pause your audio book on your iPhone at the gym and find your place instantly when you continue listening from your laptop at the office
  • Instantly access more than 10,000 best sellers, top new releases and classic favourites
  • Never have to worry about storage restraints because the content lives on a cloud

That’s the way you do it.

Meganomics: The Future of ???Follow-the-Money??? Copyright Enforcement

Addendum: Regarding the monetary harm of Megaupload???s activities, the Justice Department characterized it, without explanation, as ???well in excess of $500,000,000??? since 2006. And although that number is probably meant to impress, it???s somewhat baffling. Even without a per annum breakdown, it comes nowhere near the annual piracy losses claimed by the major industry groups???whether the BSA???s $58 billion loss claims for software losses in 2010 or the ???conservative??? $26 billion estimate for movie, music, and software piracy from 2007, which lazy journalists still allow to circulate. This for the site that MPAA called ???By all estimates??? the largest and most active criminally operated website targeting creative content in the world.???

Since we???re using made up numbers here, let???s make up some more???and for the sake of argument, some extremely favorable ones for the Justice Department???s effort to paint Megaupload as the big bad. Posit that all $500 million in losses came in 2011. Posit the $26 billion loss number. Megaupload???s contribution to the pirate economy tops out at 2%.

“meant to impress” with little other value.

Libraries borked by ebook forks

Less than a week ago, Apple delivered a groundbreaking announcement with the release of iBooks Author. A drag-and-drop authoring environment, Author makes it easy to build media-rich, interactive books in a simple-to-use tool. Positioned by its i-name as a sibling to the iWork app family, versus separate high-end design products like GarageBand, Author democratizes the production of complex structured books, notably including textbooks.

But for libraries, at a time when they are increasingly struggling to provide access to ebooks as publishers pull back from lending support, Apple has provided a rib-crunching blow by delivering proprietary output tied to the iPad. And, in Apple???s license terms, any iBook created by Author can be distributed freely, but commercial sales must run through the iBookstore. This has generated a great deal of disappointment from those who wished to see Apple release a general purpose ebook creation tool.

All commercial sales of the output must pay tithe to the Apple channel.

Two lessons from the Megaupload seizure

But just as the celebrations began over the saving of Internet Freedom, something else happened: the U.S. Justice Department not only indicted the owners of one of the world???s largest websites, the file-sharing site Megaupload, but also seized and shut down that site, and also seized or froze millions of dollars of its assets ??? all based on the unproved accusations, set forth in an indictment, that the site deliberately aided copyright infringement.

In other words, many SOPA opponents were confused and even shocked when they learned that the very power they feared the most in that bill ??? the power of the U.S. Government to seize and shut down websites based solely on accusations, with no trial ??? is a power the U.S. Government already possesses and, obviously, is willing and able to exercise even against the world???s largest sites (they have this power thanks to the the 2008  PRO-IP Act pushed by the same industry servants in Congress behind SOPA as well as by forfeiture laws used to seize the property of accused-but-not-convicted drug dealers).

"Chris Dodd is a lying weasel."

We???re not going to mince words. Chris Dodd is a lying weasel. It is hard enough to swallow that the senator had no idea that he got preferential treatment on his home mortgages that saved him thousands of dollars. Or that, simply out of friendship, a wealthy New York man, who was later convicted in a huge stock swindle, picked up much of the cost of a condo Dodd bought in Washington; or that the stock swindler???s business partner out of a love of Ireland did the same for Dodd when the senator bought a waterfront house in Ireland.

Now, Dodd flat-out has lied about his role in legislation that is allowing employees of American International Group to receive $400 million in bonuses despite receiving $173 billion in taxpayer money to keep the failed financial giant alive.

Perhaps Chris Dodd’s outrage is that of one who has served his paymasters well, finding that when he becomes a paymaster, the game is over.