It seems the blame game for the global financial horror show will continue apace. As Lloyd Blankfein et al, begin to defend their tattered reputations in front of tribunal after tribunal, another organization has come under the hatchet as well, and this seems a little more embarrassing. Apparently, over thirty employees of the Security and Exchange Commission, which is effectively the watchdog for the stock exchange and money markets, have been discovered to have cruised porno sites on government computers, whilst the country was sinking into economic turmoil. These ‘watchdogs’ are also mostly earning well over $100k a year. So much for trying to sell regulatory reform to the public, eh?
It’s interesting to note that CNN, whilst running this story along with the NY Daily Post and others also had another kinder, gentler article about the adult entertainment industry. Apparently the race for constant technological innovations, like those on the social networking forums, smartphones and iPad’s, have a lot to thank for the porn industry. Wow, blue movies aren’t just about silicone – they’re also about silicon. I had no idea, you say? Please illuminate? I shall.
Only days after the launch of Apple’s iPad, one of the world’s largest porn companies, Private Media, offered the public a way to stream its content, circumventing Apple’s online store. It’s largely known in the tech industry that the smut kings are routinely ‘there’, not necessarily with the prototype of a gadget, but close behind with its application. This is, after all, a billion dollar industry that’s come a long way from nudie mags at the back of a convenience store. In fact, the article essentially traces the social forums straight to the door of adult chat sites (the forerunner). And now, the new buzz is 3D porn coming to a theatre (DVD) near you, hoping to cash in on the latest James Cameron, Avatar love-fest. Iian Bunimovitz, CEO of Private Media, had this to say, “In the adult business, many times the traditional venues are not available to us, so we have to be innovative to get our content to the consumer.” And it seems they continually are. Three cheers for thinking outside the box!
Now, if they can just help the ailing space program, we’d all be fine. You never know.