Knight Capital Fined $12M For a Software Bug That Cost $460M
If Knight had put the $460 million in a pile and burned it, there would be no fine. The problem was that their algorithm was wildly buying and selling shares in the open market, and thus distorting that market. See the graph at http://www.businessweek.com/articles/2013-06-06/the-knightmare for an example of a stock that was affected. What if you were an investor in that stock who had set a stop-loss at $10? Knight's wild selling would have triggered the stop-loss, and you'd lose money because of Knight's actions. This gross market distortion is what the fine was meant to punish.
iPhone 3.0 Software Announced
No. What you may be thinking of is the rule that if a sale in one period is contingent on an event in another period, then you can't book all of the revenue from the sale in the first period. However, that doesn't apply here, since sales of the iPod Touch were not contingent on anything (nitpick: Apple has to make the usual set-asides for returns, repairs covered by the limited warranty, etc.). There is absolutely no accounting reason why Apple can't give away the software update.
How Do You Document Technical Procedures?
MediaWiki for all the text-only stuff. Use the Graphviz extension for nice flowcharts (not necessarily pretty flowcharts - use Visio for that).
Obama Looking To Symantec CEO For Commerce
Sun open-sourced StarOffice and Solaris, both of which were acquired or developed at a cost of many millions of dollars. How many other companies have done this?
Are My Ideas Being Stolen? If So, What Then?
And don't work on the brilliant ideas using school resources: school-owned equipment, school employees (i.e. faculty, TAs), school network.
How To Create More Jobs
Oops, wrong button. The second quote should be:
FASB's "mark-to-market" accounting rules forced AIG and Bear Stearns to admit that their liabilities had exceeded their assets, instead of allowing the companies to invent a price for the assets until the assets were finally sold.
For too darn long, companies could just make up prices for assets they wanted to value. Forcing the assets to be valued at what they're actually worth (i.e., what somebody will pay for them) is just common sense.
Watergate "Deep Throat" Mark Felt Dead At 95
You have some of your facts wrong. According to the NY Times and Felt's Wikipedia entry, Felt wasn't Hoover's #2 - Clyde Tolson was. Felt was Hoover's #3, and only for a few years.
I'm not saying Felt was clean (his conviction on the Weather Underground case proves that), but he wasn't version 2 of Hoover.
Press Favored Obama Throughout Campaign
You keep using that word^Wphrase. I do not think it means what you think it means.
What is wrong with free speech having consequences? If it didn't have consequences, it wouldn't be a right worth having. What, exactly, is the responsibility that needs to be exercised carefully here?