wake of a disaster and is a hei ... (more) Extend and Pretend posted 11/13/2012, 8:03 AM ( Peter Schiff ) [ Category : Economy ] Now that President Obama has been re-elected, the media is finally free to focus on something besides the clueless undecided voters in Ohio, Florida, and Colorado. The brightest and shiniest object that has attracted its attention is the "fiscal cliff" that we are expected to drive over at the end of the year unless Congress and the President can agree to turn the wheel or apply the brakes. Fresh from his victory, the President took time today to let the nat ... (more) Draconian Downloading Law In Japan Goes Into Effect... Music Sales Drop posted 11/13/2012, 8:03 AM ( Techdirt ) [ Category : Big Brother/Orwellian ] For years, we've pointed out that some in the music industry get so obsessed with "stopping piracy" that they miss the fact that their main job should be to increase revenue . They make the huge mistake of assuming that the two things are the same -- and that "stopping piracy" automatically leads to "increased revenue." Yet, almost every time that issue is explored empirically (over time), it doesn't seem to hold up. The latest example was sent in by Techdirt reader edinjapan, and it ... (more) In the past 90 days, it has posted 6,125 regulations and notices -- an average of 68 a day. The website allows visitors to find and comment on proposed regulations