IN THE NEWS: CONGRESS HOLDS HEARING ON INTERNET GAMBLING
LAS VEGAS (AP) -- There are different sides of the online gambling debate. But one thing on which all sides agree: they're happy that a Congressional hearing was held on the issue yesterday. The session was held by the House Subcommittee on Commerce, Manufacturing and Trade. In his testimony before the panel, the head of the American Gaming Association said the gaming lobby appreciates that Congress taking the lead on the issue. The AGA wants a national set of rules for online gaming. Meanwhile, the Coalition to Stop Internet Gambling praised Congress for "taking seriously the threat of Internet gambling." At least three Congressional bills on online gambling have been introduced this year. Meanwhile, Nevada, New Jersey and Delaware have legalized some form of online gambling, and other states are thinking about it. There's huge money at stake. Morgan Stanley predicts that by 2020, online gambling in the U.S. will produce $9.3 billion -- the same amount of revenue as Las Vegas and Atlantic City combined.
IN THE NEWS: HACKERS PLEAD GUILTY TO DISABLING PAYPAL IN ATTACK
SAN FRANCISCO (AP) -- The federal government calls them illegal hackers. But an attorney for one of 13 people who pleaded guilty to disabling PayPal says those involved were taking part in civil disobedience. The guilty pleas stem from a case when hackers briefly disabled the online payment service as part of a protest allegedly organized by the group Anonymous. Ten of the defendants have copped pleas to charges of felony and misdemeanor counts of intentionally damaging a protected computer. The Feds say if the defendants stay out of legal trouble, the felony charges will be dropped and the defendants will get probation a year from now. Three other defendants pleaded out to misdemeanor charges -- and face similar sentences. Prosecutors say Anonymous went after PayPal once the eBay-owned company cut ties to the anti-secrecy Web site WikiLeaks when the site released more than 700,000 leaked government documents.
Pope Benedict XVI put Catholic Church leaders on notice Thursday, saying social networking sites like Facebook and Twitter aren't a virtual world they can ignore, but rather a very real world they must engage if they want to spread the faith to the next generation.
Christian Singer Coffey Anderson was in for a surprise when he performed at a New Years Eve concert in Irving, Texas. As he was smack-dab in the middle of a song, his young son stormed the stage and began dancing feverishly. The crowd, naturally, loved it.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173 Dow Record: Three tales of ups, downs and changes AP Photo FX102, FX103 Eds: With BC-US--Dow Record. Adds photos. By SCOTT MAYEROWITZ AP Business Writer NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
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