Bush Creates Post for Anti-Piracy Chief

Whew, I thought for a second they were going after the other Pirates...arrrrrgh! where's me eye-match?

Seriously though I wonder as to the long term economic impact this will have on the cost of videos we buy for our libraries?

Found this via boingboing. Bush Creates Post for Anti-Piracy Chief: "President Bush has created a new senior-level position to fight global intellectual-property piracy and counterfeiting that cost American companies billions of dollars each year, Commerce Secretary Carlos Gutierrez said on Friday.

'Intellectual-property theft is a major problem around the world. We believe that it is costing U.S. businesses about $250 billion in lost sales,' Gutierrez told Reuters in an interview with reporters and editors.

Bush has tapped Chris Israel, currently deputy chief of staff for Gutierrez, to head up the administration's anti-piracy efforts. China -- where 90 percent of music and movies are pirate copies -- will be a chief priority, Gutierrez said."