Quote of the day

Last week, Apple trumpeted its support of podcasting with a technically misleading but undeniably catchy tag line: “Podcasting. The next generation of radio.”

At the same time, Audible brought out its own print ad: “Audible.com announces a revolutionary breakthrough in podcasting. Profit.”

Randall Stross, writing in the New York Times about Apple’s incorporation of podcasts into iTunes.

The Grokster decision — contd.

This morning’s Observer column mulling over the Grokster decision. Conclusion:

Thus we have a strangely paradoxical outcome. The movie studios and record companies have apparently won a famous legal victory in their war against file-sharing. But the main consequence of this victory will be to drive file-sharers to use P2P software that is not only much more powerful than anything Grokster and StreamCast could contrive, but also looks immune to legal challenges. If this is victory, can you imagine what defeat would be like?

ID cards — the biggest fallacy

One of the most sinister arguments used by proponents of the ID Card bill (and other measures proposed by security freaks) is the canard that “if you’ve got nothing to hide then you have nothing to fear”. There’s a lovely piece by Muriel Gray in today’s Guardian which shows how wrong this cant can be. Sometimes, innocent people have very good reasons for wanting to maintain absolute privacy.

It’s a quagmire — official

Yep. Now we have the official confirmation.

UK premier Tony Blair has endorsed US President George Bush’s assertion that coalition troops must stay in Iraq as long as necessary to defeat terrorism.
Mr Blair told the Associated Press it was “vital” the US-led coalition remained until the country stabilised.

Defeating “insurgents and terrorists” there would lead to the destruction of terrorism across the globe, he said.

Isn’t capitalism wonderful

PartyGaming floated on the London Stock Exchange today.

PartyGaming’s shares rose 11% on the first day of dealings yesterday, defying doubters who thought it would be impossible to float a business in London whose activities are considered illegal in the US. Strong demand for shares in the world’s biggest online poker company meant the four founders sold extra into the flotation. The quartet of two Indian computer engineers plus an American former porn entrepreneur and her husband will now collect a combined £1bn in cash and retain stakes collectively worth £3.5bn.

PartyGaming peppered its float prospectus with warnings about the risk of criminal and civil proceedings in America, notably from the US Department of Justice, which regards gambling over the internet as illegal.

Funny how nobody in the City seems concerned about the ethics of this. I bet if I tried to float a company whose services were illegal in other jurisdictions I’d be condemned from a great height by men in suits from City institutions. (Unless, of course, it was making huge profits.)

Interesting fact no. 3443: the programmer who wrote the original software for PartyGaming is called Dikshit. He will collect £420m and keep a 30.4% stake worth £1.5bn.