As FOLIO: first reported, National Geographic is fighting a copyright case against a former photographer in 11th Circuit Court of Appeals over the Complete National Geographic, a pioneering CD-ROM project the magazine released in 1997. In that case, now entering its 11th year of litigation, a Florida judge awarded the photographer $400,000 in damages in 2004—a decision National Geographic appealed.The amended version of the PRO-IP bill is now under consideration by the full Judiciary Committee. The MPA says there is “always the possibility that a similar statutory damages provision could be introduced at some point in the future.” The House Judiciary subcommittee voted unanimously last week to send an amended version of a bill to the full judiciary committee, striking a section that would have changed the civil penalties for copyright infringements in compilations to allow each work in a compilation to count as a separate infringement. In a note to members, the Magazine Publishers of America called Section 104 of the H.R. 4279 PRO-IP bill a “very damaging provision for the magazine industry.” The bill would have allowed plaintiffs to collect multiple awards of statutory damages, the possibility of which, the MPA says, would likely have kept magazine publishers from putting complete editions of a magazine on DVD.The MPA and other groups, including the Digital Media Association (representing Microsoft, Google and Yahoo) and the Printing Industries of America, have fought a vigorous campaign to remove that section from the legislation. In January, the MPA met with House and Judiciary Committee leadership to discuss the case, and last month “blitzed” key committee members’ Congressional offices.
Ravi Shastri posted this picture of himself with his motherTwitter/Ravi ShastriMother’s day is here and sportspersons have joined the laity in celebrating the occasion by thanking their mothers. Not to be left behind is one man who often finds himself in a controversy whenever he makes a powerful assertion – Indian cricket team’s head coach Ravi Shastri.But on the occasion of Mother’s Day, the former India international put out a tweet that is not only not controversial but also very touching. He shared a picture of himself with his mother and while wishing him a happy Mother’s Day, also described her as his ‘biggest critic.’Yes, you heard that right, Mrs Shastri is the biggest critic of the former India all-rounder and not the various people with whom he has been in a war of words. The picture shared by the India coach had him wearing a casual shirt with fruit prints on it, the sort of easy-going look which we have become accustomed to from Shastri. Shastri and Ganguly have been involved in war of wordsGetty ImagesAll this while we thought that the biggest critic ofthe 56-year old was former India captain Sourav Ganguly. The relationship between the two men soured after Shastri accused Ganguly of being ‘disrespectful’ for not attending the interview where Shastri was appearing as a candidate for the job of Indian national team’s coach, despite being part of the panel interviewing the aspirants.Never to let an attack go unanswered, the ‘Prince of Kolkata’ responded by criticising Shastri for his words. This led to a souring of relations which continues to the present day. During India’s tour to England last year, when the head coach described the team under his watch as India’s best touring side, Ganguly responded to that comment by calling them ‘immature.’Shastri also, on his part, has taken potshots at Dada. He didn’t include Ganguly in the list of best Indian captains, apart from making snide, indirect comments about the former skipper. But, as the retired all-rounder himself has revealed, it is not Ganguly but his own mother who is his worst critic. Well, that’s one critic he won’t mind having in his life. Maybe, it has been her criticism that made the cricketer-turned-broadcaster-turned-coach so successful in his career.
Oil prices rose in early trading on Monday, lifted by reports of renewed talks by some members of the Organisation of the Petroleum Exporting Countries (OPEC) to restrain output.U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were at $42.01 per barrel at 0022 GMT (08:22 p.m. EDT), up 21 cents, or 0.5 percent, from their last close.Brent crude futures LCOc1 were trading at $44.40 per barrel, up 13 cents, or 0.29 percent.Analysts said that the price rise came on the back of renewed calls by some OPEC members to freeze production in a bid to rein in output consistently outpacing demand.”OPEC members including Venezuela, Ecuador and Kuwait are said to be behind this latest reincarnation. But just like previous endeavours, it seems doomed to fail, given key OPEC members (think: Saudi Arabia, Iraq, and Iran) persist in their battle for market share, ramping up exports apace,” said Matt Smith of U.S.-based ClipperData in a note.Yet in the absence of an agreement, a fight for market share via high output and price discounts is still weighing on oil markets.Iraq has dropped the September official selling price (OSP) for Basra Light crude to Asia by $1.00 to minus $2.30 a barrel against the average of Oman/Dubai quotes from the previous month, the State Oil Marketing Organisation (SOMO) said on Monday, making it the latest exporter to drop its prices.Meanwhile, oil drilling in the In the United States keeps increasing.”Another increase in the rig count in the U.S. also weighed on sentiment. The Baker Hughes data show rigs operating in the U.S. are the highest since March (at 381),” ANZ bank said on Monday.On the demand side, analysts at AB Bernstein said that oil demand growth had been strong in 2015 and the first half of this year, at 2.0 and 1.5 percent respectively, but that the outlook was weakening.”In July following the UK Brexit vote, the IMF downgraded global growth by 10 basis points (bp) in 2016 and 20 bp in 2017. This has negative implications for (oil) demand,” the analysts said.”We expect that demand growth could slow in the second half of 2016 to around 1.1 percent and slow further in 2017 to a below consensus 1.0 percent on the current global growth outlook,” AB Bernstein added.
Bombay Dyeing & Manufacturing Company Limited (BDMCL) shares flared up on the BSE on Thursday, hitting an intraday high of Rs 54.40 before closing at Rs 53.85, a gain of 5.80 percent. In the past four trading sessions this year, the stock has appreciated about 13 percent.BDMCL is in the news for its revival plans that are expected to bring the loss-making company back in black in the next few years.As part of its efforts to exit non-core activities, the company sold land on December 31, 2016 for ~ Rs 185 crore in Maharashtra, including a flat in Mumbai’s Prabhadevi area for Rs 9.4 crore. The other sale effected was “MIDC Land & Building and some specific utility machinery of Ranjangaon unit” for Rs 174.45 crore, the company said in regulatory filing on January 1, 2017.”What Bombay Dyeing aims to do now is to revive the loss making flagship textile business by investing in the brand, expanding store network, growing product portfolio and liaising with international designers. Manufacturing will be outsourced,” brokerage Dynamic Levels said in an update a few days ago.”From now till 2020, the Wadia group owned company plans to invest over Rs 100 crore in the brand, double its multibrand outlets to 10,000, more than double its franchise stores to 500 and commence three to four new products every year,” Dynamic Levels added.For the quarter ended September 2016, the company incurred standalone loss of Rs 71 crore on sales of Rs 430 crore. In 2015-16, the company posted loss of Rs 84 crore on total sales of Rs 1,804 crore. The company’s chairman is Nusli Wadia, who was in the news recently in the context of the ongoing corporate battle saga within the Tata Group.