No, this isn’t yet another call to arms for child avatars; it’s a footprint of what went wrong regarding the SL5B. Most of the grid is confused beyond all recovery. Likewise I don’t think Linden Lab knows what they have done, nor how to retract what they've done, much like President Bush not knowing how to say 'derr I messed up' and pull out of the war. As we log onto the Second Life main website page, we read 'Second Life, is an online 3D world imagined and created by its Residents.' is proudly placed on the Second Life front page, but most residents would disagree with the statement, especially the Gorean, BDSM, and mostly kid avatar community.

Reporting from the sidelines of the events concerning Crystal Springs Land (CSL) and Crystal Spring Virtual Capital (CSV) has been interesting to say the least.  CSL & CSV were halted on The Virtual Stock Exchange (VSTEX) as requested by the CEO Skip Oceanlane (aka) Carmen Dubaldi, Jr. of New Windsor, NY. Concern about the situation has been brought to the attention of SLReports.net by numerous individuals. As noted on VSTEX shareholder meetings were scheduled by Skip Oceanlane to address any questions or issues. Those who could attend the meeting were able to voice their opinion. Bogart Beck, a substantial stock owner (16%) in NIC – CapEx Nestler Investment Company, who owns just over 200,000 shares of CSV, was banned from the meeting. Bogart Beck is a respected member of the financial community, but not respected by Skip, nor is one of the companies that Bogart is CEO of – Skip quoted from meeting “For the record, I withdrew my IPO at SLCapex, because that exchange is nothing but a scam”. “Mr. Heart, for the record, Bogart Beck was here, and I banned him from this meeting. He has no place here.” Is this the responsible attitude of a CEO? During the meeting Skip also fended off allegations that scammer Investor Merlin was controlled by him/her.

By Xavier Mohr
SLReports.net

An Editorial

I watched with a lot of interest this morning as the House Committee on Oversight and Government Reform interviewed economists, mortgage lender CEOs, and other experts about the subprime mortgage crisis currently being experienced here in the United States, and particularly the outrageous compensation collected by current and former lending institution CEOs right in the middle of it all.

The committee was chaired by someone I consider to be a fair politician, but also a qualified leader in the ongoing congressional investigation into these issues. Chairman Henry Waxman [D – 30th District of California (West L.A., Beverly Hills, West Hollywood, Bel-Air)] is an experienced legislator of over three decades, and has always proved to be a bipartisan voice in issues both domestic and foreign.

Beyond the cliché and oversimplified views on the subprime mortgage crisis brought up in testimony, however, something caught my attention: procedural matters related to real-life CEO compensation. It is something that I personally feel is directly applicable to our Second Life markets and public companies.