October 2007

If this doesn’t make you want patent reform, you must be an IP lawyer:

A system and methods for extracting value from a portfolio of assets, for example a patent portfolio, are described. By granting floating privileges described herein, a portfolio owner can extend an opportunity for obtaining an interest in selected assets from the portfolio to a client who lacks the resources to accumulate and maintain such a portfolio, in return for an annuity stream to the portfolio owner. The floating privilege can take many forms, depending on the needs of the client and the nature of the assets in the portfolio. The privilege is executed for a set of assets selected by the client and approved by the portfolio owner in accordance with a floating privilege agreement controlling the floating privilege.

Essentially, they want to patent the “business method” of leasing your patent portfolio to others for use in litigation threats. When litigation becomes a valid business method, something is very wrong… Read the whole thing.

According to Wired’s Threat Level blog, when questioned about a recent statement by Putin, Bush tried to crack a joke:

Reporter: Mr. President, following up on Vladimir Putin for a moment, he said recently that next year, when he has to step down according to the constitution, as the president, he may become prime minister; in effect keeping power and dashing any hopes for a genuine democratic transition there …

Bush: I’ve been planning that myself.

His joke might be much funnier if his administration hadn’t so aggressive about expanding executive power, with so little regard for the safeguards written into our constitution.