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Blogging Goes Mainstream
As part of the Bush Administration's report "National Strategy to Secure Cyberspace" due in early 2003, official are planning to propose that Internet service providers be required to help construct a centralized system to allow monitoring of the Internet -- and potentially monitor the surfing of individual Web users, the New York Times reports today, citing sources who have been briefed on the report. In September, the administration unveiled its blueprint for cybersecurity, but the official report is still being hammered out. "While the proposal is meant to gauge the overall state of the worldwide network, some officials of Internet companies who have been briefed on the proposal say they worry that such a system could be used to cross the indistinct border between broad monitoring and wiretap," the newspaper wrote.
The New York Times: White House to Propose System For Wide Monitoring of Internet (Registration required)
SiliconValley.com: Bush To Propose Requiring ISPs to Monitor Net
Draft: National Strategy to Secure Cyberspace (PDF)
The days of needing a clunky television-top box to get fancy channels on your home TV may soon be over. Break out the microwave-popcorn -- the cable industry has actually agreed that digital television should be easier to figure out and watch, which should ease the hassle a bit for consumers faced with the impending nationwide transition to digital broadcasting. Fourteen consumer electronics manufacturers and seven mega-cable companies -- including Cox, AOL Time Warner and Comcast -- yesterday endorsed a proposal that would nix each company's practice of renting a digital-cable box to customers and replace it with devices that people could just plug into the wall and start watching. The FCC says it will expedite its review of the plan. So what will you do with the extra space freed up in your entertainment center?
The Washington Post: Companies Reach Agreement on Digital TV
Electronic News: Industry-Wide Agreement Reached On DTV 'Plug-And-Play'
Multichannel News: Deal Sets Stage For Plug-And-Play TVs (Subscription required).
"This settlement will be as significant as any major reform we've seen since 1933-'34," Samuel L. Hayes, a professor of finance at the Harvard Business School, told The Washington Post. "If it does what it says it's going to do, it will be a fundamental change in the way securities firms do business. It will mean more reliable research for individual investors and higher costs for the firms." The biggest losers in the settlement? Both Citigroup, part of Salomon Smith Barney, and Credit Suisse First Boston Group will have to pay $300 million and $150 million, respectively, in fines, the newspapers reported.
The Washington Post: Wall Street Firms to Pay $1 Billion To End Probes
The Wall Street Journal: Regulators and Research Firms Hammer Out Reform Proposal (Subscription required)
The New York Times: Wall Street Firms Are Ready To Pay $1 Billion in Fines (Registration required)
The Associated Press (via Newsday): Wall Street Firms Near Deal With Regulators To End Conflicts of Interest
Earls isn't just another run-of-the-mill tech scandal. Recall, it was former CIA and FBI chief William Webster's ties to U.S. Technologies that led to Securities and Exchange Commission Chairman Harvey Pitt resigning his post.
The Washington Post: CEO Charged With Fraud
The Washington Post: A Smooth Operator Unveiled (Dec. 9, 2002)
Reuters: U.S. Technologies CEO Charged With Fraud
The Associated Press (via The Boston Globe): U.S. Technologies Chairman Charged With Technologies Fraud