Dear fellow zillionaires: they're coming for us with pitchforks


Nick Hanauer, a hereditary millionaire who increased the family fortune with some shrewd early dotcom inventions has written an open letter to his fellow "zillionaires" warning that their corruption of the US political system has given rise to an unstable situation of wealth inequality that has turned their potential customers into impoverished pitchfork-wielding revolutionaries who are coming for their heads.

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Soundcloud annoints Universal "Lord High Executioner" for music


Steven Boyett writes, "Universal now has direct access to flag Soundcloud accounts for removal when it believes an uploaded file infringes copyright, with no intervention by Soundcloud. Universal doesn't even inform Soundcloud part of the upload was believed to be infringing; they simply have carte blanche removal authority."

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Aerosmith debuted a single on Compuserve 20 years ago

It's been 20 years since the first major label experiment in putting music online: on Jun 27, 1994, Geffen Music put a WAV file of Aerosmith's "Head First" on Compuserve, which waived its hourly fee for people who wanted to download the track over their dial-up modems.

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Used liquor store


Liquor Off is a Tokyo store that buys and sells used booze.

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Uber and the appropriation of public space

The debate over technology and disruption is a red herring, writes Glenn Fleishman. The trouble with Uber is that it’s a middleman that can control both ends of the market.

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Facebook's massive psychology experiment likely illegal


Researchers from Facebook, Cornell and UCSF published a paper describing a mass-scale experiment in which Facebook users' pages were manipulated to see if this could induce and spread certain emotional states.

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21st century vocab: "Card clash"


It's what happens when you wave your bag at an RFID reader while you get on the tube and the turnstyle charges your ride the wrong card:

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Kickstarting a Progress City book of Disney history articles

The excellent Disney history blog Progress City is kickstarting a book of its best articles, including several that are substantially rewritten and polished for the project. $15 gets you a PDF, $30 for a paperback.

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Cyber-crooks turn to Bitcoin extortion


Security journalist Brian Krebs documents a string of escalating extortion crimes perpetrated with help from the net, and proposes that the growth of extortion as a tactic preferred over traditional identity theft and botnetting is driven by Bitcoin, which provides a safe way for crooks to get payouts from their victims.

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Rich get richer, faster

A research report from business school professors at Imperial College, Columbia and U of Maryland found that wealthy investors get returns on bonds and stocks that are "up to 70 per cent times greater returns on their investments than those with modest wealth." This is a point that Piketty makes strongly, backing it up by analyzing data from the Harvard endowment, which gets 10% returns on its ~$80B nest-egg, while the rest of us barely clear inflation with our savings.

Kleargear must pay $306,750 for trashing a complaining customer's credit


The notorious online retailer Kleargear (previously) has been ordered to pay $306,750 in damages (including punitive damages) as well as legal costs to Jennifer and John Palmer. The Palmers wrote an online complaint when they didn't get their Kleargear order, only to have Kleargear send them a bill for $3500 for violating a "nondisparagement clause" in the company's terms of service; when they didn't pay it, Kleargear damaged their credit rating, which ended up sabotaging a house-purchase for the couple. Kleargear claims to be based in France, and refused to participate in the case against them.

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Podcast: How Amazon is holding Hachette hostage

Here's a reading (MP3) of my latest Guardian column, How Amazon is holding Hachette hostage, which examines how Hachette's insistence on DRM for their ebooks has taken away all their negotiating leverage with Amazon, resulting in Amazon pulling Hachette's books from its catalog in the course of a dispute over discounting:

Under US law (the 1998 Digital Millennium Copyright Act) and its global counterparts (such as the EUCD), only the company that put the DRM on a copyrighted work can remove it. Although you can learn how to remove Amazon's DRM with literally a single, three-word search, it is nevertheless illegal to do so, unless you're Amazon. So while it's technical child's play to release a Hachette app that converts your Kindle library to work with Apple's Ibooks or Google's Play Store, such a move is illegal.

It is an own-goal masterstroke. It is precisely because Hachette has been so successful in selling its ebooks through Amazon that it can't afford to walk away from the retailer. By allowing Amazon to put a lock on its products whose key only Amazon possessed, Hachette has allowed Amazon to utterly usurp its relationship with its customers. The law of DRM means that neither the writer who created a book, nor the publisher who invested in it, gets to control its digital destiny: the lion's share of copyright control goes to the ebook retailer whose sole contribution to the book was running it through a formatting script that locked it up with Amazon's DRM.

The more books Hachette sold with Amazon DRM, the more its customers would have to give up to follow it to a competing store.

MP3

How Hachette made the rope that Amazon is hanging it with


In my latest Guardian column, "How Amazon is holding Hachette hostage," I discuss the petard that the French publishing giant Hachette is being hoisted upon by Amazon. Hachette insisted that Amazon sell its books with "Digital Rights Management" that only Amazon is allowed to remove, and now Hachette can't afford to pull its books from Amazon, because its customers can only read their books with Amazon's technology. So now, Hachette has reduced itself to a commodity supplier to Amazon, and has frittered away all its market power. The other four major publishers are headed into the same place with Amazon, and unless they dump DRM quick, they're going to suffer the same fate.

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Former FCC commissioner to Washington: "You should be ashamed of yourself"


Former FCC commissioner Michael Copps has publicly excoriated Congress and the FCC for the state of Internet access in America, which he called "insanity," saying that America's political class "should be ashamed of ourselves." Copps was speaking at a DC event examining the Telecommunications Act of 1996, which created the short-lived practice of requiring American telcoms operators to share their lines with new entrants, allowing many competing DSL providers to flourish. This practice ended in 2005, and led to today's situation in which most Americans have 0, 1 or 2 broadband options.

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Boob and sock money not welcome in the sweaty summertime, sorry


From Adam R. Bowser's Nova Scotia-based Twitter feed, a timely retail sign: "Due to the rising summer temperatures...We will NOT accept any BOOB or SOCK money! Sorry for the inconvenience! It's gross. Thanks."

(via JWZ)

(Image: Socks, Quinn Dombrowski, CC-BY)