Lynne Kiesling I misunderstood the per-play royalty in my previous post on Internet radio royalties. It’s not 8 cents per play per listener, it’s 8/100 of a cent per play per listener. So I was off by 2 decimal places; my apologies, and thanks to commenters for pointing it out. So the annual royalty would …
Lynne Kiesling While we’re discussing music, we are on the verge of another nail in the coffin of Internet radio, in the form of royalty payments. In mid-April the U.S. Copyright Royalty Board decided to affirm a prior ruling it had made to raise royalty rates that Internet-only radio stations pay: Released March 1, the …
Lynne Kiesling Such is the assertion in an article in today’s Wall Street Journal (subscription required) on how big box retailing is changing music retailing. In past decades, deejays and music critics helped shape musical trends. Today, many music industry executives agree, the big boxes have become the new tastemakers. Even as compact disc sales …
Michael Giberson Thoughtful, useful, inadequate and wrong-headed. That’s my reaction upon completing Richard Bookstaber’s book, A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation. As I mentioned last week (in The Perils of Financial Innovation, or Not), Bookstaber was among the MIT-trained economists lured from academia to Wall Street …
Bookstaber on the Perils of Financial Innovation Read More »
Michael Giberson Former Apple CFO Fred D. Anderson reached a deal with the U.S. Securities and Exchange Commission over the backdating of stock options, including an agreement to pay $3.5 million to settle civil charges. As many of the newspapers stories report, backdating options is not necessarily illegal, but must be properly disclosed and accounted …
Michael Giberson According to the New York Times, Institutional Investor’s Alpha magazine is coming out today with its annual list of the the top 25 hedge fund earners. Cue the weeping, wailing, and gnashing of teeth: “There is some question as to what the hell they are doing that is worth” that kind of money, …
Lynne Kiesling The last couple of weeks have been crazy here in KP land, with things I’ll be able to share in a bit. Today I am off to England (YAY!) for a Liberty Fund conference that I helped to organize. The readings are selections from Schumpeter, Coase, and Hayek. Here’s the motivation: lots of …
Lynne Kiesling I’d like to chime in a little bit on the point that Mike just raised about state lawmakers and retail competition. Although there’s plenty of blame to go around with respect to the inertial state of retail competition, I believe the primary cause is the incentives facing state legislators. State regulators operate under …
Michael Giberson I’m about half way through Richard Bookstaber’s book, A Demon of Our Own Design, subtitled “Markets, Hedge Funds, and the Perils of Financial Innovation.” Bookstaber was among the MIT-trained economists lured from academia to Wall Street in the 1980s. If you’ve read about portfolio insurance and the stock market crash of 1987 or …
Lynne Kiesling Conoco Phillips and Tyson Foods are going to announce a new joint venture today. They: … will announce a strategic alliance … to produce and market the next generation of renewable diesel fuel, which will help supplement the traditional petroleum-based diesel fuel supply. The alliance plans to use beef, pork and poultry by-product …
Innovation: Using Animal Fat to Produce Biodiesel Read More »
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