NowPublic – Intellectual Property Rights ignored?

NowPublic was a crowd-sourced citizen journalism site based in Vancouver, British Columbia, Canada, founded by Michael Tippett, Leonard Brody and Michael E. Meyers in 2005.

In addition to its contributors, NowPublic also had a content-sharing agreement with the Associated Press. The crowd-sourced site was so successful that Time Magazine called NowPublic one of the 50 Best Websites of 2007.

NowPublic-ImageMainstream media types may gripe about the absence of safeguards ensuring the validity of news reported by the blogosphere, but nowhere are the merits of citizen journalism more apparent than at NowPublic. At this “participatory news network,” a.k.a. bastion of “crowd-powered media,” anyone can write a story, or upload images, audio or video. Whatever gets the most votes from the reading masses—the site gets about 1 million unique visitors per month—ends up as the lead story. (NowPublic has “guest editors,” “wranglers” and an “actual news guy” who keep an eye on things, giving advice to contributing reporters and shepherding the best, most timely stuff through, but nobody on staff makes actual editing changes to the content.)

NowPublic now counts nearly 97,000 contributing reporters in more than 140 countries around the world. During Hurricane Katrina, NowPublic was there; eight contributors filed on-the-scene reports from London’s Heathrow Airport during the August 2006 terrorism lockdown—while the regular press was forced to wait outside. On June 6 NowPublic’s coverage of a storm in Oman made it to the top of the AOL and Yahoo news sites.

In September 2009 NowPublic was acquired by Clarity Digital Group. Clarity is solely owned by the Anschutz company, an investment company located in Denver, Colorado. According to reports, Leonard Brody assumed the position of President of the Clarity Digital Group and Michael Tippet became the CEO of NowPublic after the sale.

In December 2013 Clarity closed the NowPublic site and redirected it to www.examiner.com.

Read the Rest at –  NowPublic – Why were Intellectual Property Rights ignored? : Politisite.

Popular Social Media Personality Trey Pennington Dies Unexpectedly

Trey Pennington, a well-known social media personality, died Sunday in Greenville, S.C., of an apparent suicide. Pennington ran a consulting practice, blog and online radio show. He maintained presences on all of the top social networks, including Twitter, Facebook and Google+.

via Popular Social Media Personality Trey Pennington Dies Unexpectedly.

Rep. Maxine ” The Tea Party can go to Hell” Waters Calls For A Trillion-Dollar Jobs Program

Maxine waters

Image via Wikipedia

Rep. Maxine Waters Calls For A Trillion-Dollar Jobs Program

via Rep. Maxine Waters Calls For A Trillion-Dollar Jobs Program | RealClearPolitics.

Poof! Market drops 515 points as Debt deal allows worried investors to buy safer U.S. Treasury Bills 

Poof! There goes any progress stocks made in 2011. So what are investors buying?  Treasury Bills!  Looks like investors where just waiting on the sidelines hoping for a Debt Deal in the United States.  So the Democrats where wrong again.  Democrats blamed the GOP that markets were dropping because they were slow on making a debt deal.

Stocks plunged Thursday, with the Dow tumbling 515 points to hit its lowest level since December, as global economic fears gripped the market.

U.S. markets were already sharply lower on widespread worries, including the weak job market. But the selling gained momentum as Japanese and European policymakers stepped in with dramatic measures to shore up their financial markets.

There’s “total fear” in the market, said Bob Doll, chief equity strategist at the world’s largest money manager, BlackRock.

source   CNNMoney.

via Poof! Market drops 500 | Iron Mill News Service.

Treasuries rally as fear saturates market

Treasury prices rose to their highest level since November as fears about a slowing U.S. economy sent investors rushing to the safety of government-backed debt.

The yield on the 10-year note was at 2.45%, after trading at over 3% less than two weeks ago. The yield on the 2-year note sank to 0.27%, a record low.

via Treasuries rally as fear saturates market – Aug. 4, 2011.

“Total fear”: Dow drops 512 points

Remember the last time America had a nice quiet year of economic stability and relative political tranquility? If you do, let me know. Maybe it’ll jog my memory.

“Total fear”:

U.S. markets were already sharply lower on widespread worries, including the weak job market. But the selling gained momentum as Japanese and European policymakers stepped in with dramatic measures to shore up their financial markets.

There’s “total fear” in the market, said Bob Doll, chief equity strategist at the world’s largest money manager, BlackRock.

All three major indexes tumbled more than 4% Thursday and erased all their gains for the year. The indexes have also pushed into ‘correction’ territory – defined as a 10% drop from their highs earlier this year. Over the past 10 days alone, the Dow, S&P 500 and Nasdaq have dropped about 8%.

Debt-ceiling discontents claim the sell-off this week is a backlash to the feebleness of the deal in addressing America’s long-term debt problem. I don’t buy it. The market’s known for weeks that the deal wasn’t going to touch entitlements or lock in major spending cuts. Once Obama demanded an extra $400 billion in new revenue and Boehner walked away, the grand bargain was dead. If, as Erin Burnett speculated, shares were pricing in an elevated risk of a credit downgrade, that should have happened Monday or last week. I think J Pod’s right that what we’re seeing here is markets pricing in something else — namely, the growing risk of a double dip:

via “Total fear”: Dow drops 512 points « Hot Air.

via Politisite.

Gold, Silver Prices Soar on Debt Issues

Gold rose to a record high Monday amidst worries of a debt contagion in Europe and uncertainty over how lawmakers plan to resolve deficit negotiations in the U.S.
More on Commodities

Gold for August delivery settled $12.30 higher at $1,602.40 an ounce at the Comex division of the New York Mercantile Exchange. The yellow bullion reached as high as $1,607.90 an ounce and $1,591.40 on the lower end. Meanwhile, the spot gold price climbed by $9.90, according to Kitco’s gold index. New highs for gold this week follow a record $1594.90 per ounce high from last week’s trading.

Silver was last gaining $1.18 to $40.25 an ounce.

 

via Gold, Silver Prices Soar on Debt Issues | Iron Mill News Service.