Morning Media Summary
Tech:
Booksellers are wary as Amazon tries to have it all:
““Amazon is doing to the world of book publishing what iTunes did to major record labels,” Trelease said. “This is an alarm bell to the giant publishers, and if they fail to heed the warning, they will lose.””
Global Warming / Environment / Energy:
GE uranium enrichment plans raise fears: report:
“US conglomerate General Electric is seeking permission to build a $1 billion plant for uranium enrichment by laser, a process which has raised proliferation fears, The New York Times said Sunday.”
Insurance / Gambling:
Cash-starved states may run into trouble with Internet gambling:
“It’s an idea gaining currency around the country: virtual gambling as part of the antidote to local budget woes. The District of Columbia is the first to legalize it, while Iowa is studying it, and bills are pending in places like California and Massachusetts.”
Health / Safety:
New data spill shows risk of online health records:
“Until recently, medical files belonging to nearly 300,000 Californians sat unsecured on the Internet for the entire world to see.”
Economics:
Greeks act to avert bank failure:
“Greece’s four largest banks agreed to take up a €50m convertible bond to help recapitalise Proton Bank, a small lender, the central bank announced this weekend, in what is being seen as an attempt to avert a run on the country’s fragile banking system.”
Legal:
It’s not just law schools with funny numbers: Law Firms Exaggerate Profits Per Partner:
“As the WSJ notes, profits per partner is “often used by lawyers and law-school students to judge the success of a firm.” So after law students are mislead about their chances of being employed by a large firm, the firms mislead them about their profitability.”
Capitol Police arrest Lemonade Freedom Day Protesters:
“They set out to sell ice-cold lemonade, but now three Washington, D.C. protesters might need some legal aid.”
Labor:
Verizon strike ends despite lack of agreement on new contract:
“45,000 Verizon Communication employees will go back to their jobs on Monday, ending their two-week strike.”
Transportation/ Land Use:
China to halt more high speed rail services:
“Chinese rail authorities said they would stop more high-speed rail services, just as a magazine published claims that a big safety flaw had been discovered on a bullet train made by a state-owned firm.”