Resource Nation’s Pick For Top 5 Business Stories of the Week

Posted by on July 29, 2010 in Business Start Up Advice [ 0 Comments ]

It’s been an interesting week for business news.  California declared a state of financial emergency, and the U.S. Copyright Office made some changes adding new provisions to the Digital Millennium Copyright Act.  Below is Resource Nation’s top picks for news stories this week.

  1. Wikileaks Offers Data to Map Afghan War Screw-Ups [PC World] “Its magnitude is being compared to the release of the Pentagon Papers during the Vietnam war or the opening of the archives of the East German secret police, but unlike those events, netizens around the world have an opportunity to massage some of the data from the more than 90,000 secret military documents on the Afghan war published by Wikileaks and shared with The New York Times, the Guardian and Der Spiegel.”
  2. Jailbreaking iPhone apps is now legal [CNNMoney] “The U.S. Copyright Office, a division of the Library of Congress, has authorized several new exemptions to the Digital Millennium Copyright Act (DMCA), one of which will allow mobile phone users to “jailbreak” — or hack into — their devices to use apps not authorized by the phone’s manufacturer. The new rules will be published on Tuesday in the Federal Register.”
  3. Fast-growing news site Business Insider raises $3M [VentureBeat] “Business Insider, the popular and controversial business news site founded by former Merrill Lynch analyst Henry Blodget, announced this morning that it has raised $3 million in new funding.”
  4. Schwarzenegger declares California fiscal emergency [Reuters] “California Governor Arnold Schwarzenegger declared a state of emergency over the state’s finances on Wednesday, raising pressure on lawmakers to negotiate a state budget that is more than a month overdue and will need to close a $19 billion shortfall.”
  5. E-Commerce Security Is Broken, Vulnerable, Says Hacker Conference Founder [Fast Company] “SSL, Secure Sockets Layer (and its successor Transport Layer Security) is a Net-based security protocol that ensures communications between computers is safe and unhackable–essentially so that no one can “listen in.” It works like this: A server and computer connect together and say hello, digitally. This bit is unsecured. The two machines exchange a “key” which unlocks a private line that only they can communicate on.”

If we missed your favorite news story, let us know by listing it in the comments below.

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