Friday, May 16, 2014
When does “Hey, That's a good idea!” translate into “If we don't do this, Class Actions will be a slam dunk?” (Is there a service for the little guys?)
Retailers Share Cyber Attack Data Through New Retail-ISAC
… Officially launched on Wednesday by the Retail Industry Leaders Association (RILA), the Retail Cyber Intelligence Sharing Center (R-CISC) is an independent organization that operates the Retail Information Sharing and Analysis Center (Retail-ISAC).
… Retailers are also sharing anonymized information with the U.S. government via RILA partnerships with federal agencies such as the DHS, the FBI and the United States Secret Service, RILA said.
According to the Association, R-CISC will also provide training and education and research resources for retailers.
Shakespeare said, “The first thing we do, let's automate all the lawyers!”
How Machine Intelligence Will Transform the Role of Lawyers in the Delivery of Legal Service
by Sabrina I. Pacifici on May 15, 2014
McGinnis, John O. and Pearce, Russell G., The Great Disruption: How Machine Intelligence Will Transform the Role of Lawyers in the Delivery of Legal Services (May 13, 2014). Northwestern Public Law Research Paper No. 14-17; 82 Fordham Law Review 3041 (2014). Available at SSRN: http://ssrn.com/abstract=2436937
“This Article argues that machines are coming to disrupt the legal profession and that bar regulation cannot stop them. Part I describes the relentless growth of computer power in hardware, software, and data collection capacity. This Part emphasizes that machine intelligence is not a one-time event that lawyers will have to accommodate. Instead, it is an accelerating force that will invade an ever-larger territory and exercise a more firm dominion over this larger area. We then describe five areas in which machine intelligence will provide services or factors of production currently provided by lawyers: discovery, legal search, document generation, brief generation, and prediction of case outcomes. Superstars and specialists in fast changing areas of the law will prosper — and litigators and counselors will continue to profit — but the future of the journeyman lawyer is insecure. Part II discusses how these developments may create unprecedented competitive pressures in many areas of lawyering. This Part further shows that bar regulation will be unable to stop such competition. The legal ethics rules permit, and indeed where necessary for lawyers to provide competent representation, require lawyers to employ machine intelligence. Even though unauthorized practice of law statutes on their face prohibit nonlawyers’ use of machine intelligence to provide legal services to consumers, these laws have failed, and are likely to continue to fail, to limit the delivery of legal services through machine intelligence. As a result, we expect an age of unparalleled innovation in legal services and reject the view of commentators who worry that bar regulations are a significant stumbling block to technological innovation in legal practice. Indeed, in the long run, the role of machine intelligence in providing legal services will speed the erosion of lawyers’ monopoly on delivering legal services and will advantage consumers and society by making legal services more transparent and affordable.”
Just reminding my students that stockholders can get management's attention – even if they can't force the changes they want.
Chipotle Stockholders Overwhelmingly Reject Executive Pay Plan – CMG
… During the Mexican food chain’s annual meeting in Denver, a stunning 77 percent of shareholders voted against ratifying the current executive compensation plan that had awarded more than $300 million to its founder Steve Ells and his co-chief, Montgomery F. Moran, in recent years.
The vote against the company-backed “say-on-pay” proposal, while advisory and non-binding, was the most profound shareholder rejection of any measures this year.
Chipotle is taking the rebuke “very seriously,” according to spokesman Chris Arnold.
It's bad enough that my students can tweet such earth shattering news as, “Spilled coffee on my homework.” Now I have to watch the clean-up live as it happens? Some potential for Privacy violation?
Is Adding Live Video Mobli’s Last Throw Of The Photo App Dice?
Mobli, the social-mobile photo and video-sharing app which competes with Instagram and the like, has a major update out today that adds one, single important new feature: live broadcast streaming. The question is, will this be enough to attract the attention of the millions sharing images on Instagram and, now, WhatsApp?
CNN may have it right.. Business opportunity: Phoney Google Glasses, look cool for only $15!
Google Glass Explorer program finally opens to public
After many months of hype, now anyone can pay $1,500 to be threatened by surly Luddite pub patrons.
Good news! Now that Google Glass has become something of a punch line or a pariah, and word is out that the markup on the cost of building each unit could be as high as 1,000 percent, the beta program to test out the wearable augmented-reality display is finally open to the public.