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  • Amazon, Netflix and Streaming Svcs Could See an Influx in New Users if SOPA Passes

    December 20 2011

    The day of decision is a big deal for those interested in the outcome of the latest proposal to combat online piracy. In the days leading up to a vote in the Senate for SOPA (Stop Online Piracy Act, or HR 3261), which is scheduled for December 21 2011, there has been much heated debate. The bill's aim is to prevent the illegal use of copyrighted materials such as movies, music, and the sale of bootleg versions of prescription medicines, military gear and more; by paving a way for such materials to be blocked from internet access through strict domain server screening, the freezing of convenient profitability, and by stiffening the penalties for those streaming and receiving the items.

     

    Each side of the issue has weighed in heavily with their concerns for, or against the measure. On the one hand it's argued that it equates to censorship and loss of protected freedoms, which would all but mean "the end of the internet as we know it." In another view it was claimed to be very dangerous for the safety of the internet from an overall security standpoint in that it “will break the assurances from this security tool (DNSSEC.)"

     

    On the other hand content providers and copyright holders say they require more than the measures already on the books to protect them from further losses which they say the piracy costs them.

     

    Industry giants could find their business directly affected should the bill pass. Google (NASDAQ:GOOG), Yahoo (NASDAQ:YHOO), and Ebay (NASDAQ:EBAY) through their association with NetCoalition Group expressed fears and criticism that the law would prove an overburden task for them to uphold. Paypal and Visa (NYSE:V) would also be directly involved by the sought changes in the law.

     

    Other businesses such as proper streaming content providers like Netflix (NFLX,) Amazon (AMZN,) Hulu, HBO Go and other streaming content providers, could stand to experience an influx of users to their services if the law passes.

     

    quotes source wikipedia: 3.0 cc license creativecommons.org/licenses/by-sa/3.0/


    Dec 20 11:39 PM | Link | Comment!
  • MTU's Union Bank to Begin Charging New Fees
    We all heard about the recent movement of frustrated banking consumers and their corresponding mass protests. Many Bank of America consumers were so upset about the possiblity of being charged a five dollar fee to use their debit cards, that they took to the streets in complaint. Many of them put the monies where their mouths were (so to speak), and closed their accounts. In response the bank retracted it's intentions to charge the fee. At the time, many consumers rushed to credit unions and also to other big brand banks that were not charging such fees, as an alternative to apease their woes. Union Bank didn't have such fees. That was then, and this is now. It seems that Mitsubishi UFJ Finacial Group, Inc.'s Union Bank is about to prove it's self the rock in the hard place for some consumers. It has announced that it will now be charging new fees similar to the other big banks beginning on Jan. 1, 2012.
    Tags: MTU, BAC
    Dec 04 2:42 PM | Link | Comment!
  • Progressive Raises Consumer's Eyebrow Along with Rates
    Traditionally when the value of one's vehicle depreciates, as when each year it becomes older, more worn and torn, and it's book value is worth less; the corresponding rate of the cost to insure it usually always also goes down. However, for some consumers of Progressive Corp insurance, this tradition seems not to be holding it's old familiar standing. For this round of upcoming renewals, certain consumers recieved news that their rates will be increased, while the value of their vehicle is by default (in most cases) depreciating. While there may be a perfectly logical (from the business mind of Progressive Corp.) reason for doing so, the move is sure not to sit well with some of the prospective payers, and could be a sign of financial problems yet to be open and clear. The last big corporation that hiked up rates substantially, experienced huge consumer defections and a plummetting stock share, and in that case the value of the item (box office Hollywood hits vs. aging cars) in question was actually appreciating. We'll see how this plays out.
    Tags: PGR
    Dec 04 3:00 AM | Link | Comment!
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