welcome to the ilona show we had at the real headlines with none of the mercy we're going live to washington d.c. now tonight we're going to take a look at a supreme court ruling from yesterday that allows congress to take the works were certain works out of the public domain and then grant them copyright protection again so when asked if this is a step backwards then there's more trouble in the euro zone hedge funds are threatening to take greece to the human rights court to force the country to make good on its bond payments so if we ever seen anything like this try before arty's dimitry to feed us producer on the capital account is going to give us all the details and we've told you about the government labeling animal rights activists as terrorists but calling journalists extremists for that kind of critical reporting that's right it's actually happening we're going to speak to will potter who runs the blog green is the new read about the chilling of free speech we'll have all of that morphy tonight couldn't he does it happy hour but first take a look with the mainstream media has decided to miss.

so today is january nineteenth two thousand and twelve not that really means anything in the mainstream media world to them it's just another day which means just more obsessive political horse race coverage than other seismic shift in the g.o.p. presidential race rick perry expected to drop out two breaking political news stories right here in the newsroom first up rick perry getting ready to tell his supporters that he's out major shake up in the g.o.p. race for the white house there's a surprise just about every day in this race that in iowa the certified caucus results are in and guess what rick santorum won rick perry is out you is away back in and it looks like rick santorum won iowa. just noticed a little something missing from the news this morning i don't know like that really big thing that happened yesterday where hundreds of websites blacked out their

content in protest of these two really bad pieces of legislation that are working their way through the house in the senate. just yesterday i was half heartedly congratulating the mainstream media for finally paying attention to sopa and protect ip because let's face it yesterday was pretty hard to ignore the country was up in arms over not being able to get all of their questions answered by great pedia but after welcoming it to the mainstream media to this real world where the rest of us live and talk about the issues that actually affect our lives i also predicted yesterday that it wasn't going to last long that by today they'd be back to their useless nonsense and what do you know i was right now this isn't really a testament to my awesome powers of seeing the future not as much so as it is a sad state of affairs about how utterly predictable our mainstream media has become even when they do take a little break from their usual partisan he said she said just for a few hours even for a full day to report on a different story they never follow up so let me do

a little follow up for you because this massive protests that we saw nationwide with black out of sight with people calling into the offices and crashing websites of members of congress that actually produced results we gave you a few specific names last night but let me just tell you that overall by the end of yesterday at least six co-sponsors that announced that they withdrew their support from either sopa or or pipa twenty five senators came out in opposition at least seventy members of congress overall took a stand and publicly voice strong opposition to either one of these bills and according to both sides of those seventy there were forty one additional politicians that are now categorized as leaning no on top of that four point five million people signed a google anti-social petition so guess what we finally had an example where the people spoke out and politicians at least in part listened now i'd say that's a pretty big deal i think that is worth the mainstream media following up on but apparently they did it is another example of how they don't actually care about

what you care about and that's why they don't cover it because they're not here to inform you they have to get paid by their corporate owners we're talking. the nonsense to keep everyone distracted but i don't think that it's working any more so now before and this rant let me just make a few points very clear yesterday was indeed a success on many levels it showed that online activism is a force to be reckoned with and when you mess with something that we all use and love and don't want to lose which is the freedom of the internet people aren't going to sit on their couch and live in apathy and let it slide they'll sit on their couch and blackout websites or overload the websites of members of congress. ari i kid there's a lot more to it than just that but i do say good job everyone the entertainment industry is already pissed too and it's great hollywood moguls are now reportedly telling president obama that they're going to stop their donations to his campaign because of the administration's stand on sopa and pipa but they'll learn that they won't be able to buy influence forever and so let's hope that's true let's make sure that's true by staying vigilant about sopa and pipa because while they haven't

been voted on yet while sopa has been postponed they're not fully dead so don't like congress think that you're not looking anymore and then try to pass them on the sly but for what was achieved yesterday i think that it's a pretty big deal the mainstream media and their painfully short attention span they chose to miss. well some are calling it a bit of unfortunate irony if i may use the words of mike mastic from that the same day that a massive protest was staged against sopa and pipa the supreme court ruled in favor of more copyright and against the public domain in the case of golan versus holder let me explain the using international copyright known as the berne convention for some of its reasoning a supreme court ruled that congress shall have the power to take works they're already in the public domain back out of that public domain and then grant them copyright status to get so if you are a publisher an educator an orchestra conductor it's relied on certain works to do

your job and you've been able to use them freely congress can change that so what does that decision mean for the future how far reaching might it be and is it go against the entire point of copyright as a means of promoting the arts and sciences and encouraging others to produce for the benefit of the public joining me to discuss this is christine again here intellectual property property attorney excuse me and a partner at margo's christine thank you so much for joining us and i think that i just butchered your last name i apologize there but let's get into let's get into this. i want to know what your take is on it so you're taking works that have already been in the public domain and they're saying that congress can take them back out and grant them copyright again but that's a like a bit of a step backwards. it is really a step backwards a little to me is robustness allow many educators as well as others. to create another chance to include so many people in fabulous projects both on and

off line and the decision that says that actor or an essentially reaffirmed a decision about nine years ago algebras ashcraft which gives congress considerable hand with already over copyright law and so i think you know in the last ten years we've seen so many advances in technology and way to do with technology there's certainly hurt people that have used public works especially in robust internet projects that we've seen over the last ten years what how much do you think that might hurt them because some of the people that are arguing against this case said that it's is a breach of their free speech rights they've been able to use all of this information for all of this time and suddenly it's being taken away do you do you think that that's a fair statement to make. certainly. there when something is in the public domain the assumption is that you're able to use it whether you're doing an education project whether you're doing something and it's not education oriented the assumption was it's problems use and so when you take something out of public use

and let people have rights against you those worse you are hurting all those people that may vote for education reasons that otherwise been building on top of that work or integrating that work into new material and so i think it's going to be very hurtful to future content creators who use public domain it works i think that educational institutions have been able to integrate public domain works in the education process going to have to now go back and audit i didn't using public domain works but i think more importantly it sort of gives a car wash to congress that every time they want to do something in the copyright space it seems as though the supreme or sort of reminds it so back to the advocates that does a piece of legislation in one thousand nine hundred. what is the term a copyright well can actually copyright it and then bigger question which comes out of this case is now you can say things that everybody public use to put them back into private ownership stats and so i think it's really scary in terms of

creativity in terms of how people use the internet today and you know especially if we apply it to the types of legislation that our current congress is bringing up we've been talking a lot about sopa about protect ip which are piece of legislation that they say are there to protect the copyright to combat piracy and yet everybody that really looks at the details can tell you that it's not actually going to combat piracy it art is going to do just the opposite so is this the wrong kind of congress to give this power over to. it is and i think that we've seen this congress for a long time now and unfortunately this attitude for a matter for us part of the problem is and this happened with a lot of technology related legislation is there's a misunderstanding of the power of technology and how it's applied and one of the reasons why people share content or share files and i think that this is just part of a larger conversation we've been having about copyright for the last twenty years i'm going to fortunately this decision takes us

a step back even further and i think it also gives congress the assumption that you know if they pass a copyright trying to protect content owners then you know the court may just green light it whether or not it's constitutional or not i think people are up in arms about so because it was you know latterly given government agencies the right to decide what's a constant and what's not i think the same conversation could be applied to the public domain works now the things that can be taken out of the public domain or this case need to read that way it will be interesting to see what congress does in relation to so and future legislation well you know also we have to look at this ruling of the supreme court made and part of the reasoning too that some of the justices used is that they were talking about the berne convention that there is this international treaty that we have to comply with and so while we decided that some of these works could be in the public domain they weren't yet internationally and these are for and it works but you know i hate to be a little cynical here since when does the u.s. really care so much about international treaties and complying with that you know i

can't help but feel like it almost seems like a little political jab of our own because we want to and have everyone else and force our copyright laws for us around the world. yeah i mean that doesn't work and i think that was copyright trademark patents and any type of intellectual property you know international standards or me as a practicing attorney i ran against this all the time at the same time we live in a country where the first amendment is really robust and there's a right that the first let me guess protected on a day to day basis. so we're sort of have this just the position now of copyright versus the first and then in this case you know sort of reminds us of how that conversation is going i mean why is it for internet activism so activism yesterday and future internet activism in terms of how in congress their opinion is understanding public opinion about copyright and first amendment issues or what do you think of this massive protest that we saw yesterday would you say that it was a success. i think it was the second time sort of internet history that there's

been a rally around issues relating to copyright first amendment rights the communications decency act years ago i was the first time that the internet really rallied around something it was going to be technology and sort of industry crushing so i think that there's a lot of potential for a future legislative efforts but at the same time i think that there's also just to underline political system that has problems and so i would definitely encourage people even beyond beyond the protect ip at the letter. to congress there. has to communicate with their local representatives and i think also just you know exercising their voting rights and exercising their rights it's rooms are being involved in the political process it's two thousand but we need issues are going to go away courts are still trying to figure out how to grapple with technology so i think the best way for citizens to be actively involved is to use a creativity like they used yesterday and find ways to be involved in the political

process on a day to day basis why i think i guess today might help in the sense that at least gave people this feeling that maybe they can actually make a difference if they do go out and vote or call their congress members or write to them and that's not always going to be big money and big industries and lobbyists that we're now at least that was my takeaway christina thank you so much for joining us tonight. i still to come this a day after the online world came together to fight so but the d.o.j. continued their war against iraq to tell you what sites tell in their most recent break and we're going to talk economics with jimmy trick of peanuts hedge funds are fighting back in greece and the world bank gave a very dismal in your future of the right.

technology innovation all the developments around the world we've got this huge earth covered. and i went out there who is familiar with the internet service mega upload should pay attention because the feds could very well be watching you better off already has made an announcement today that seven people connected to the website have been charged with running a criminal enterprise revolves around copyright infringement and the site has been shut down and i got upload is considered a locker service that allows users to transfer large files on the web which makes it possible for pirates to share things like songs movies and other copyrighted materials we should also note however that there are various other reasons for

people to use the service besides sharing movies and music but a grand jury indictment says the site has caused five hundred million dollars in damages to copyright holders and thus far four out of seven people charge have been arrested in new zealand while the d.o.j. and the f.b.i. continue to hunt for the last three people linked to the web site that's yet another example of the u.s. using its author already to enforce its rules in foreign countries. despite the laws in those countries now the indictment says that those seven people have been charged with five counts of copyright infringement and conspiracy and this case has been labeled amongst the largest when it comes to criminal copyright in forcemeat here in the u.s. we should also note that several servers eighteen domain names and fifty million dollars in assets were also seized by the d.o.j. and the f.b.i. now it's ironic here is that this indictment was handed down by a grand jury about two weeks ago yet we are just now hearing about it so could it be just coincidence that this information has been revealed just a day after the massive internet blackout blackout where thousands of websites

protested sopa and pipa legislation that is sold as a counter to copyright infringement apparently we weren't the only ones who thought so shortly after they carried out their raid on mega upload d.o.j. the right way and a universal's web sites were shut down by members of anonymous and i have to this organization said that they will continue to wage war until something is done about sopa but it's clear that despite the number of people growing number of people who have come out opposing these bills the government is going to continue waging its own war against the pirates without the support of the american people and even if these bills don't pass so the fact that they spent hundreds of millions of dollars just to go after seven people that are in charge of a foreign web site i think it makes it pretty clear this battle is just getting started. well it's no secret that an overwhelming majority of americans are saddled in some kind of debt might be credit card debt might be a mortgage but for young americans student loan debt has become an almost insurmountable burden don't forget that last year student loan debt passed the one

trillion dollar mark and despite the fact that tuition is going up federal aid in the system programs are being cut due to fears of our growing national debt in fact student loan debt is actually proving to be a bigger issue than credit card debt something that many would consider ludicrous in the past and so one state has been really vocal about their tuition problems that would be my former home state of california we've seen it several instances across the state in recent years where students of protests. the tuition hikes and today students once again made their voices heard now there are threats of tuition hikes yet again thanks to budget cuts and so governor jerry brown has come forward a proposal that would eliminate three hundred million dollars in funding for education if the state decides not to approve taxes tax increases for wealthy californians so some students decide to stage a sit in at a board of regents meeting at u.c. riverside.

so during the sit it several students announce alternative ways to help young adults get the education that they desire within the u.c. school system one of which is actually being met with some interest and of course a lot of criticism of opposable brought forth by fix you see is a no tuition alternative that would allow students to pay after they graduate rather than before you see the idea here is the graduates of pay five percent of their wages for twenty years and six percent for international and out of state students graduates who go on to work in public service and those who stay in state and do work would receive discounts on their tuition payments so you have to wonder how much of that actually cost students all depends on how much you make the average starting salary for you see graduate is around fifty thousand dollars five percent of that would be twenty five hundred dollars per year now obviously if you make more money than that you can have to pay more back to the u.c. system however if you're a student struggling to get work and this could ease your worries about making those student loan payments so some are labeling this plan as

a radical but you see president mark yudof says that he's going to seriously consider it and i commend him for that the status quo is clearly not working and where some people see radical other see innovation so while this is just one option of the board of regents say they're considering i really hope they dig the time to actually do so times are changing it's time for our education system to hop on board and think it's a new options. now while the presidential debates here in the u.s. continue to ignore the situation in europe the rest of the world is not just this week the world bank and its global growth forecast by the most in florida years the two point five percent this year and they said of the euro area my actually contract by point three percent a threat of a greek default is still in the air as failed talks and signals that they just might miss that fourteen point five billion euro bond payment on march twentieth and incomes that a new problem in order for greece to receive this latest bailout and cut its debt and bond restructuring is considered a key element and greece is considering passing legislation to force all private

bond holders to take losses to the hedge funds are fighting back they've now threaten to sue greece in a human rights court arguing degrees of violated bondholder rights so what does it all mean we're here to break it down for us is to me trick of fairness producer on our t.v.'s capital count twenty three nice to have you on the show a lot of debut interview we're happy to have you here i'm really excited all right so first explain this to me because i think that when most people think human rights court they don't necessarily think bondholders but why does this go to get so apparently that it's a technicality in the european court of law but i think the real crime here remember when greece signed the first memorandum of understanding ninety percent of their was written on the recall and the agreement was that the rest of that would be written under u.k. law so the point was how do you secure the debt so that the greek government could be sued in a court of law so that bond holders could get their money back this is something that wouldn't have happened if they hadn't signed the memorandum and this is kind of where you'd expect this to be the fact that they're calling it a human rights violation is just a technicality but has anybody ever done this before oh absolutely i mean i said ok

you know you had associates they had but i think was ninety six or before the brady bill and really restructuring plan in latin america they bought some large amount of money of commercial paper guaranteed by the peruvian government from peru they went through a legal battle they ended up. with through a brussels court and they had some sort of thing with a clearing house there and they basically got about fifty six. million dollars worth of money back from proving government was a vulture fund they basically bought the debt knowing that they would buy it and then sue the government to get their money so even though the government was formed it was it was in peru they sued them and actually got money i bet a lot of people are saying that this probably isn't necessarily going to make people feel sympathetic towards the hedge funds or towards these bond holders because they consider them to be part of the reason why these negotiations fell apart last week right why this is going nowhere and greece can't come up with a deal what do you think i wouldn't i mean yeah hedge funds are involved in the hedge funds but the headphones are also getting screwed the other side because they're the ones that bought c.d.'s is having those c.d.'s as warren triggered even though greece is already technically defaulted i think the bigger issue is the

banks because the banks are the ones who don't want to take right now so they've been kind of churning this paper all around us with the l.t. our own europe was about it was just about how do you get these banks to buy more of the crap that they already have in their balance sheet that they don't want to get rid of they want to get rid of but can't so they can keep their ass values i keep saying afloat zombie banks may survive but i would blame it more on the banks than on hedge funds and hedge funds are like. banks with the giant elephant whales in the in the logic it's a blame game these days right everybody wants to point things i would want to there's a plan but so you're saying that you know technically greece already defaulted we still haven't seen this massive chain reaction that a lot of people were expecting so what do you think i mean is are the chances of seeing this just sort of the default the same now as they were a couple of months ago. so it's hard to like put a number on and i'd say probably yes i think that eventually there will be a full default by greece i've been so i said that from the last tranche of it was the sixth tranche that they got. the last one that they would get i don't think come march it's all over well i don't know yeah i mean what i think is that they

have to come to the table and negotiate something or yeah they're going to it's going to be in order to leverage in greece right now they have a huge depression going on there's deflation that's why the debt to g.d.p. is growing it's growing more so than just the debt because the g.d.p. is also contracting so it's a tremendous problem in greece is going to be solved. and i think austerity measures along well that's the thing too right i mean let's say that they do and measures let's say if they do do what the i.m.f. and what angela merkel wants them to as you mentioned greece's debt is growing at astronomic rate so even if they supposedly follow the rules here and go along with this deal what is going to help greece at the end of the day the fall to just the ideal scenario i think for greece would be a default they maintain the euro for private sector purchases and the government wants to run up a huge amount of of if you want to spend a lot of money they should issue drachmas for the public sector and they can you get all the inflation but the private sector continued to use the euro for all the

because there are a lot of contracts that are have been issued over time in european in europe in europe so be difficult to just break those up there's a reason that they have to exit the euro entirely they could have competing currencies that would be the ideal in for the united states and be a deal anywhere that would put some sort of curb on central bank money printing so that would be ideal for me i mean i know that would be ideal for you i would certainly be ideal for. this earlier but for meeting the currency is out there right well it's like that with i.m.f. is saying right now so they came out and said that basically when they look in the future they see the need for a trillion dollars in funds so they want five hundred billion dollars more but where exactly are they going to get this money because the u.s. keeps saying no we're not interested treasury secretary tim geithner keeps making the exact same statement the u.s. is not going to put more into this i am i find it so funny right because the i'm a prince the money princess the r.'s and her because there's a sars has to be capitalized i was going capitalized because capitalized by these other fee up issuing banks has also issued debt based money so they're all bankrupt and they're all rolling over this fantasy game to continue to consolidate wealth in the financial system so it's a shell game i mean if the i.m.f.

now of his ability one of their bankrupt they have no capital they get their money are going to stop asking for money when they're out here being for the very nice now but who are they asking they're asking the brics right they're asking brazil russia india and china and they want japan to also take part in this before they are in for the g. twenty in mexico so we know what the u.s. the stance is what are the brakes and what are japan saying what i'm saying also is that even if they ask the chinese or. even if they ask the british in the past brazil if there's germany ok the reality is that these countries that are surplus countries ok that have savings have let that money out already and are on the hook to debtor nations or debt or com companies or better countries and they're trying to find a way to keep their debts from getting written down so it's all basically a shell game because the debt is so huge that's my point so yeah they can go and ask china for money and they can go but the amount of debt is astronomical the system you are seven hundred trillion dollars in notional durness contracts this is the last number that we got from the b.s. there's not that much g.d.p. planet to be something really about what it's really about and that we've reached now everybody is in such massive debt what are you going to just wipe it all out

there will because every thing is the fed doesn't just print money and the banks which is providing they print money with interest hanging from so the system is architected so that every time you print money you have to print more and so the debt always becomes a manageable which is why you have a dead jubilee or you have defaults you can't have this perpetual system because all you can have maybe that you believe right if you have everybody is already living it up this way for so long or you could have done that you lose i'm really quick before we wrap it up to you to meet right now that next week you're going to be hosting the capital account for all a very excited to see and lauren is going to be on her way to die so you know what we can expect to come out and she's going to be rubbing elbows with some big wigs over here in davos you know it's high up there in the mountains and. davos is pretty much the place where all the big shots of europe and the u.s. go to call the shots hoping that we come back some juicy stories we hope that she gets into some of those hallways and some of those backroom deals i guess being made to me thanks so much for joining us tonight. just ahead tonight you know the

government is going after animal rights activists by calling them terrorists but i can tell you how they went after one journalist and labeled him an extremist court and it's. the global economy. couldn't take three. three. three. three. three. three.

three.

months ago. please. hi guys it's time for show and tell of the night program last week we spoke about haley barbour's pardons in mississippi but you caused quite the outcry while barbour may have made some mistakes pardons are meant to be a positive tool to give people.