Business

1:21pm

Fri January 20, 2012
Law

5 Questions, Answers About The Megaupload Case

Originally published on Fri January 20, 2012 2:30 pm

Megaupload founder Kim Dotcom, also known as Kim Schmitz, in an Auckland, New Zealand, court Friday.
TV3 AFP/Getty Images

The arrests of four executives of Megaupload, a major Internet file-sharing site, have triggered an online backlash, and raised fresh questions about electronic piracy and copyright violations. What's behind the controversy? NPR asked two experts to help clarify the facts behind the arrests.

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11:10am

Fri January 20, 2012
The Two-Way

Megaupload Is Trying To Go Back Online Even As Execs Sit In Jail

Megaupload founder Kim Dotcom, also known as Kim Schmitz, in an Auckland, New Zealand, court today.
TV3/ AFP/Getty Images

A judge in New Zealand today ordered that Megaupload founder Kim Dotcom (a.k.a. Kim Schmitz) and three others remain in custody at least until a bail hearing on Monday as the legal process of possibly extraditing them to the U.S. to face copyright infringement and conspiracy charges got underway.

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9:55am

Fri January 20, 2012
Planet Money

The Secret Document That Transformed China

Originally published on Fri January 20, 2012 7:03 pm

Yen Jingchang was one of the signers of the secret document.
Jacob Goldstein NPR

In 1978, the farmers in a small Chinese village called Xiaogang gathered in a mud hut to sign a secret contract. They thought it might get them executed. Instead, it wound up transforming China's economy in ways that are still reverberating today.

The contract was so risky — and such a big deal — because it was created at the height of communism in China. Everyone worked on the village's collective farm; there was no personal property.

"Back then, even one straw belonged to the group," says Yen Jingchang, who was a farmer in Xiaogang in 1978. "No one owned anything."

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10:01pm

Thu January 19, 2012
Planet Money

Katy Perry's Perfect Game

Originally published on Fri January 20, 2012 1:55 pm

Felipe Dana AP

If you listen to commercial radio, this is not news: Katy Perry had a huge year. She went No.1 five times. She was the most played artist on the radio. But the record industry is so weird, it's hard to know whether this kind of success translates into huge amounts of money.

So we asked.

I walked over to Katy Perry's record label. She's on Capital, which is under EMI. I met Greg Thompson, executive vice president of marketing and promotion at EMI.

"Did you guys end up in the black?" I asked.

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10:01pm

Thu January 19, 2012
Your Money

How Property Taxes Climb, Even If Home Value Drops

Shaker Heights in Cleveland has some of the highest property tax rates in the state (roughly $3,700 per $100,000 of assessed home value).
Brian Bull WCPN

Millions of homeowners are finding out that their property taxes are either holding steady or climbing, even as their house may be worth much less. There may not be much they can do about it.

In Ohio, Cuyahoga County's fiscal officer, Wade Steen, has been taking many calls from unhappy homeowners. He says they most often live in a community where voters passed a recent levy. That's a property tax measure that boosts funding for things such as schools and libraries.

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