RealNetworks Inc. plans to begin selling software that lets people copy DVDs to their PCs, which might be convenient for on-the-go movie buffs but could incite some wrath in Hollywood. Unlike various software programs that can be used for illicit disc copying, the new RealDVD software will copy DVDs to computers or portable hard drives without taking off or altering the “content scrambling system,” or CSS, encryption that is included on commercial DVDs. The software will create a full copy of a DVD in about 10 to 40 minutes, RealNetworks said, and copies saved on portable hard drives will be playable on up to five computers per user. RealNetworks Chief Executive Rob Glaser thinks the product will have wide appeal, from business travelers to families wanting backup discs in case of scratches.
Officials debate cyberspace attacks
Igniting a provocative new debate, senior military officials are pushing the Pentagon to go on the offensive in cyberspace by developing the ability to attack other nations’ computer systems, rather than concentrating on defending America’s electronic security. Under the most sweeping proposals, military experts would acquire the know-how to commandeer the unmanned aerial drones of adversaries, disable enemy warplanes in midflight and cut off electricity at precise moments to strategic locations, such as military installations, while sparing humanitarian facilities, such as hospitals. An expansion of offensive capabilities in cyberspace would represent an important change for the military.
Consumer loans hit a slowdown
Borrowing by consumers slipped in July to the weakest pace in seven months, reflecting a big slowdown in demand for car loans. The Federal Reserve reported Monday that consumer borrowing grew at an annual rate of just 2.1 percent in July, the slowest pace since a 1.9 percent rise last December. The slowdown reflects a tiny 0.5 percent rate of growth in the category that includes auto loans, down from a 6.1 percent surge in this category in June. Automakers reported that demand for cars fell in July to the lowest level in 16 years. Credit cards grew at an annual rate of 4.8 percent in July, up from a growth rate of 3.5 percent in June.
Oil price drop OK for Kuwaiti minister
Kuwait’s oil minister says there is no need for OPEC to cut production, despite falling crude prices. Mohammed Abdullah Al-Aleem’s comments come on the eve of a meeting of oil ministers from the Organization of Oil Exporting Countries who will decide whether to reduce production or keep it at current levels. He is part of an OPEC committee whose recommendations could affect OPEC’s output decision.
Correction
A mixer for the Snohomish County Young Professionals Network will be held from 5 to 7 p.m. Wednesday at the Original Roadhouse Grill, 11804 Evergreen Way, Everett. For more information, call 425-257-3222, extension 210. An item in Monday’s Business Calendar on Page D1 reported a wrong day for the event.
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