Yep. See this report from the Register…

The Economist has failed in its attempt to gain control of the internet address theeconomist.com.

The address was not transferred to it because the owner claimed that he had never heard of the magazine when he registered the name.

The site simply carries a picture of Alan Greenspan, the former chairman of the US Federal Reserve, and a note calling him “the economist of the century”.

The Economist took a case under the World Intellectual Property Organisation (WIPO)’s dispute resolution service. Under WIPO rules a domain name can only be transferred if the name is identical or confusingly similar to a trade or service mark owned by the body trying to gain control of the address; if the person holding the address has no rights in it, and if the address was registered and used in bad faith.

Anyone hoping to gain control of a domain must prove all three of these elements in order to be handed the address. The Economist failed to show that the address owner Jason Rose registered the domain name in bad faith.

Rose claimed that he had never heard of The Economist in 1996. The Economist disputed this, claiming it would be almost impossible for someone interested in current affairs and economics not to know the magazine, but WIPO panelist Sir Ian Barker, a QC, said that he had to be believed.

Barker said that the claim was hard to believe, but that the WIPO system was not designed for ruling on such questions of fact.