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Until last year, partly as a result of the dollar-investing disasters described earlier and partly because most foreign investors preferred safe but low-yielding bonds, Americans earned more on their investments abroad than foreigners made here. This meant you could argue that our nation's decades-long spending binge had actually left it richer in relation to the rest of the world, not poorer. In 2006, though, the U.S.'s long-running investment-income surplus gave way to a deficit of $7.3 billion...
Federal law requires that students be tested annually to determine their reading and math skills but leaves it to each state to devise the exam. The result, critics say, is that some states make their tests easier so it appears that their students are doing well. The evidence: huge gaps between state results and scores on national standardized tests. State test results Percentage of fourth-graders scoring as proficient or better in reading Federal test results Percentage of fourth-graders scoring as proficient or better in reading...
...Michael Jackson has decided not to block the auction of some of his vintage memorabilia, including the handwritten lyrics to ABC, his black silk jacket with gold sequined epaulets and a drawing of a young boy dated 1994. Blogsite DEFAMER cheekily predicts a potential result at the auction: "Sold! To the lady in the back row with no nose!" SCORE...
...finding ways to sell their own tickets. Smaller ticketing outfits are attracting museums and concert halls with software that gives them closer fan connections. Worst of all, Ticketmaster arrived late to the secondary market--what used to be called scalping--which has gone legit and become very profitable. The result: no ticket is off-limits, and Ticketmaster is scrambling to shore up its once sure thing...
...real consequences of DRM may have nothing to do with piracy. One side effect of Apple's FairPlay software is that music purchased on iTunes plays only on Apple products--i.e., on iPods. The result is that DRM helps perpetuate Apple's quasi-monopoly in the portable digital-music-player market, which ironically has a slightly Microsoftesque air about it. (The European Union is looking into an antitrust suit.) If--meaning when--Apple drops DRM for good, the playing field on the hardware side will get a whole lot more level and the iPod will have a whole lot more...