Supreme Court's Yard Sale Case

Oct. 29 (Bloomberg) -- The Supreme Court is set to decide what you can sell on eBay, Craigslist, or in a yard sale. In oral arguments today, the Court will consider conflicting parts of the federal copyright law. The first-sale doctrine says if you legally buy a book, record, or TV show, you can resell it. Another part says you can't import a copyrighted work without the copyright owner's permission. The case involves a former college student who bought cheap textbooks in his native Thailand, and may have earned as much as $1.2 million reselling them to U.S. buyers on eBay. In separate cases, the Second, Third and Ninth circuits have split three ways on the issue, finding foreign-made works can always, sometimes, or never be resold in the United States. (Source: Bloomberg)

Why Are Saudi Banks Being Probed About FX Forwards?
46:42 - Banks in Saudi Arabia are coming under fresh pressure over products that allow speculators to bet against the kingdom’s currency peg, according to people with knowledge of the matter. The Saudi Arabia Monetary Agency has asked lenders to explain why they are offering dollar-riyal forward structured products to customers less than four months after the regulator banned options contracts that let speculators place wagers on a currency devaluation, the people said. Bloomberg's Lyubov Pronina reports on "Countdown."
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