France passed a law on digital piracy. FT reports:
Internet users who download films and music without paying for them would get three warnings before being cut off for up to a year. Until now action against illegal file sharing has been a matter for the French courts.
The debate in Europe is not if Internet piracy [...]

Speaking of Global Governance and ideas on how new financial regulation will make future crises impossible, a quote from the movie “Other People’s Money” comes to mind:
Kate Sullivan: Someday, we’ll smarten up, change some laws, and put you out of business.
Lawrence Garfield: You can change all the laws you want. You can’t stop the game. [...]