Corporate Profile Media

One Response to “Financial News 8/13/12 – Google Joins Copyright Police, Navy Ship Collides with Oil Tanker”

1. 

   admin
   

   13. Aug, 2012

   As the popular search engine, Google, makes moves to keep up with
   other media distribution companies, like Apple and Amazon, through its
   Youtube video site, Google Play media purchasing store and deals with
   Pay-TV services, the company has decided to crack down on sites who
   have failed to comply with copyright infringement rules. Ina post on
   their official blog, google divulged that their search engine ranking
   algorithms would now factor in valid copyright removal notices,
   flagging sites who are guilty of improperly posting copyrighted
   material. Those sites would then be moved lower in Google’s search
   results, ultimately hindering the number of views. Google stated that
   it now receives more than 1 million copyright complaints from search
   results per week, and plans to take the matter seriously. This move
   has been long awaited by many major media companies who have accused
   Google of enabling music and media piracy, and in turn have aided in
   the reduction of their content’s value. The Recording Industry
   Association of America and The Motion Picture Association of America
   are among those who publicly support and will be closely monitoring
   Google’s intended changes.

   As tensions continue to build in the Strait of Hormuz, a U.S. Navy
   destroyer collided with an oil tanker early yesterday morning. The
   collision left the Navy destroyer, USS Porter, with a 10 foot by 10
   foot hole in its side. As you can imagine there will be a lengthy
   investigation into the cause of the accident that fortunately left
   both crews unharmed. The tension in the Strait of Hormuz has built
   significantly in recent months as Iran has made repeated threats to
   stop oil traffic as revenge for sanctions that aim to stop them from
   continuing their uranium enrichment program. More than one fifth of
   the world’s oil is transported through the strait each year and Iran’s
   threats have been taken serious enough in the past to cause a rise in
   oil prices.

   The Olympics came to an end yesterday after 16 days of heated
   competition amongst 205 of the world’s nations. At the end, medals
   were awarded in 302 events and 85 countries earned at least one medal.
   The United States led the final total medal count with 104 medals and
   China came in second with a total of 87 medals. The host nation of
   Great Britain took home the fourth most medals with a total of 65. In
   addition to bringing home the most medals, the U.S. also led the medal
   count in Gold and Silver medals won.