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Authors demand royalties from library ebook lending

Authors are calling on the government to remunerate them when their ebooks are lent from libraries, calling it “patently unjust” that digital titles are currently borrowed with no payment made to the writer. Authors are paid 6.05p every time their physical books are borrowed from the UK’s public libraries, up…

Alleged LulzSec deputy pleads not guilty to Stratfor hack

A 27-year-old Chicago man pleaded not guilty on Monday to charges stemming from a major hack on the private intelligence firm Strategic Forecasting (Stratfor), a company the anti-secrecy website WikiLeaks later called a “private CIA” following startling claims in the firm’s stolen emails. Prosecutors claim that Jeremy Hammond, known online…

Software piracy costs record $63.4 billion in 2011

Software piracy cost the industry a record $63.4 billion globally in 2011 with emerging economies listed as the main culprits, an annual study said Tuesday. This was up nearly eight percent from the previous record of $58.8 billion in 2010, the Business Software Alliance (BSA) said in the study. In the Asia Pacific, which…

Steve Wozniak warns Zuckerberg on dangers of going public

SYDNEY — Apple co-founder Steve Wozniak has warned Mark Zuckerberg about the dangers of going public as Facebook counts down to its hotly anticipated share offering. The world’s leading social network is expected to start trading on the tech-heavy Nasdaq on Friday and has set a price range of $28…

Ousted Yahoo! CEO revealed he has thyroid cancer

Ousted Yahoo! chief executive Scott Thompson told board members before his resignation that he has cancer, the Wall Street Journal reported Monday. Thompson, who quit amid a controversy over inaccurate academic credentials, said the diagnosis played a role in his decision to step down, but that he did not want…

Facebook fervor fierce ahead of IPO

Facebook frenzy is spreading ahead of the company’s big-time stock market debut, with anything from Mark Zuckerberg’s hoodie to the billion-dollar buy of Instagram sparking controversy. Speculation about the promise or pitfalls of owning a piece of the world’s leading social network was so feverish by the weekend that one report contended there was too much demand…

Captain tossed from troubled Yahoo! ship

Yahoo! boss Scott Thompson stepped down in the face of controversy about his allegedly inflated resume, leaving the struggling Internet pioneer seeking its sixth CEO in five years. As part of a truce in a proxy war with mutinous shareholder Daniel Loeb, Ross Levinsohn became interim Yahoo! chief and Fred Amoroso took charge of the board of…

IMF warns that oil prices could double in ten years

The International Monetary Fund (IMF) has been warned by its internal research team that there could be a permanent doubling of oil prices in the coming decade with profound implications for global trade. “This is uncharted territory for the world economy, which has never experienced such prices for more than…

Is 3D printing the key to utopia?

You know the problem: the dishwasher that has cleaned your dishes faithfully for 15 years suddenly stops working. You call out a repairman who identifies the problem: the filter unit has finally given up the ghost. “Ah,” you say, much relieved, “can you fit a new one?” At which point…

Social media’s impact on kids ‘merits big debate’

WASHINGTON — Facebook’s big stock offering on Wall Street must be followed by an intensive debate on Main Street about social media’s powerful impact on children, an expert on the topic says. Jim Steyer, founder of Common Sense Media, a San Francisco think tank focusing on media and families, said…

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