Greenspan: Favorable Outlook for Economy

Federal Reserve Chairman Alan Greenspan gave a mostly positive speech to the House Banking Committee saying that economic growth outlook is good, and the Fed should continue to raise interest rates.

Legal Downloads? 180 Million Of Them

The International Federation of the Phonograpic Industry (IFPI) said on Thursday that the number of legal, paid downloads had tripled during the first half of 2005. This is great news for the RIAA and MPAA as more and more people switch to the legal download side of things.

Yuan Gets Revalued By 2.1%

After about a decade or so of being pegged against the U.S. dollar at about 8.3 per dollar, China has revalued its currency, the yuan by 2.1%.