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1:05 PM ET, May 22, 2007

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Liz Gannes / NewTeeVee:
CBS Does Indeed Scoop Up Wallstrip  —  Wallstrip, an online video show that takes a whimsical approach to financial news, has been bought by CBS Interactive for a price in the single-digit millions, with a multi-year commitment to continue the show and add additional financially oriented web series.
Fred / A VC:
Wallstrip Goes Through The Exit Door  —  CBS announced today that they are purchasing Wallstrip.  —  Here's the story as I see it.  Howard Lindzon is a scrappy investor and sometimes entrepreneur from Phoenix, Arizona.  He got hip to blogging several years ago and started networking around via blogs.
Discussion: HipMojo.com and Trader Mike
Duncan Riley / TechCrunch:
Legless Chihuahuas Prove Google Hot Trends Not So Hot  —  Google has launched a new addition to its growing lineup of...well everything, Google Hot Trends.  —  Google Trends takes the idea behind Google Zeitgeist to the next level.  Instead of providing weekly details of top Google searches …
RELATED:
Barry Schwartz / Search Engine Land:
Google Meme: Hot Trends Added To Google Trends  —  Google has launched a meme-like feature to Google Trends.  The Google Trends home page now has a section named "Hot Trends," which shows the hottest queries for the day.  You can also look back historically and see the hottest queries for that day.
BBC:   Google to list top 100 searches
Eric Auchard / Reuters:
What's hot? Google offers daily updates on trends
Michael Arrington / TechCrunch:
Silicon Valley Could Use A Downturn Right About Now  —  Silicon Valley is paradise for geeks, and people flock here from all over the world to be part of something very special.  When I speak at events here one thing I often do is ask people in the audience to raise their hand if they live in Silicon Valley.
RELATED:
Kara Swisher / BoomTown:   Message to Michael: Just Say, Well, No.
John Markoff / New York Times:
Google Proposes Innovation in Radio Spectrum Auction  —  Google filed a proposal on Monday with the Federal Communications Commission calling on the agency to let companies allocate radio spectrum using the same kind of real-time auction that the search engine company now uses to sell advertisements.
RELATED:
Corey Boles / Associated Press:
Google's novel idea for FCC radio spectrum auction
Discussion: VentureBeat and Search Engine Land
Lisa Gade / MobileTechReview.com:
Where to Buy  —  The Wing is the follow-up to the popular but now aging T-Mobile MDA that was released in February 2006.  Keeping the same basic design with QWERTY side-slideout keyboard that made the MDA so popular, the Wing refines a good thing by reducing thickness, adding spring assist to the slider …
RELATED:
Chris Leckness / Mobility Site:
T-Mobile Wing (HTC Atlas) Review
Ryan Block / Engadget Mobile:
T-Mobile Wing hands-on
Discussion: MSMobileNews.com
Business Wire:
T-Mobile Unveils a New Full-Featured Smartphone, the T-Mobile Wing
Jacqui Cheng / Ars Technica:
Michigan man arrested for using cafe's free WiFi from his car  —  A Michigan man is being prosecuted for using a cafe's free WiFi... from his car.  Sam Peterson was arrested under a Michigan law barring access to anyone else's network without authorization, according to Michigan TV station WOOD.
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Patrick Center / WOOD-TV:
A wireless felony  —  Updated:  —  SPARTA — It's a lunch hour ritual at the Re-Union Street Caf.  Customers regularly log onto the internet using the caf's wireless network to check their e-mail and surf the web while they enjoy the coffee and ambience.  —  Sam Peterson II did the same thing.
Discussion: broadbandreports.com
Nick Gonzalez / TechCrunch:
Justin.TV Network Launches: More Shows to Come  —  24/7 reality online TV show Justin.tv has has turned into a bit of a mini-phenomenon since launching just two months ago.  Their apartment was raided by the police, and they were later evicted by their landlord.  They were on the Today Show.
Discussion: EMAC
Emily Steel / Wall Street Journal:
CNN to Deliver More Local News On Its Web Site  —  Content-Swap Deal  —  Will Raise User Traffic;  —  A Push for Ad Revenue  —  In a strategy shift, CNN, known primarily for national and international news, is expected to announce a deal that will allow it to offer more local news on its Web site and …
BBC:
Success for Everest mobile effort  —  A British climber has set a world record by making a mobile phone call from the top of Mount Everest.  —  In the early hours of 21 May, Rod Baber made two calls from the mountain's north ridge.  —  In the first call Mr Baber described the view …
CNET News.com:
Crave Talk: Channel 4's 4oD hamstrung by UK ISPs  —  Channel 4's new video on-demand service — 4oD — is a breakthrough service for the UK that allows you to freely catch up on the station's TV programming from the comfort of your desk or armchair.  But it's being severly restricted …
Discussion: Slashdot
gizmag Emerging Technology Magazine:
The 3D air-mouse you wear as a ring  —  The computer mouse and flat "desktop" themed operating systems have hardly evolved since their inception.  But the recent creation of a genuine, working 3D mouse system that you wear as a ring on one finger could open the door to a new model of GUI display …
Discussion: Gizmodo, Ubergizmo, jkOnTheRun and Engadget
Sharon Waxman / New York Times:
Top Directors See the Future, and They Say It's in 3-D  —  If some prominent Hollywood directors and an Irish rock band have their way, moviegoers en masse will soon be heading back to the future, wearing newfangled 3-D glasses.  —  Last week the next phase in the theatrical viewing experience took …
Discussion: digg
 
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 More Items: 
Paul Sloan / Business 2.0:
The man who owns the Internet
Gregg Easterbrook / Wired News:
How NASA Screwed Up (And Four Ways to Fix It)
Rich Brown / CNET News.com:
Dell updates its highest-end XPS system
IFPI:
Police dawn raid stops allofmp3.com pirate vouchers scheme
David Berlind / Berlind's Testbed:
Interop '07: First, Sun's datacenter in a trailer. …
Philip Elmer-DeWitt / Apple 2.0:
Apple-EMI Music Deal in Peril?
Jeremy Dunham / IGN:
Limited Edition for Creed
Discussion: Ars Technica
BBC:
Spammers plunder Plusnet e-mail
 Earlier Items: 
Jerry Kirkpatrick / Mises Daily Article RSS 2.0 Feed:
The Market Function of Piracy
Discussion: Techdirt and Slashdot
Peter Galli / eWEEK.com:
Study: Developers Do Not Want GPL 3 to Police Patents
Brad Stone / New York Times:
MySpace to Share Data With States on Offenders
Catherine Holahan / Business Week:
Sharing the Widget Wealth
Robert Scoble / Scobleizer:
I've lost control of my comments...
Ryan Paul / Ars Technica:
Dell's Linux hardware support plans good news for desktop Linux
Matt Marshall / VentureBeat:
Zoho Notebook looks good
Microsoft:
Microsoft Security Advisory (937696)