A 67-year-old fella in Bellingham, Washington named Thomas Baldwin spent $1,700 buying up 10,000 copies of the Bellingham Herald's November 5 "Obama Wins" edition. Baldwin has a friend "who sells copies of newspapers that are decades old at trade shows," and he reckoned that there might be a profit in those there papers a few decades down the road. Let's leave aside the spectacle of the garage full of rotting copies of the Bellingham Herald that will inevitably be the inheritance of Baldwin's children and just point out to Mr. Baldwin—hey, the entire newspaper industry is on the phone for you with a very attractive price on several thousand copies of the March 26, 2003 "Troops trudge ahead" issue of the Anniston Star. Think about it. [Bellingham Herald via Romenesko]

So that's why young Chad Hurley is smiling like he's just plunked a roofie in everyone's drink. His company YouTube recently changed its terms of service so that YouTube is allowed to use every video uploaded to it. But blogs like Boing Boing have it all wrong, criticizing this move.