The Protect Intellectual Property Act - PIPA - an anti-piracy measure opposed by most of the online community, has been withdrawn from consideration by Senator Harry Reid. Reuters: In a brief statement, Reid said there was no reason why concerns about the legislation cannot be resolved. He offered no new date for the vote, which had been scheduled for Tuesday. Reid's action comes a day after a senior Democratic aide, speaking on the condition of anonymity, said the measure lacked the votes to clear a procedural hurdle and it was unclear if it could muster needed support. The measure - known as the Protect Intellectual Property Act, or PIPA for short - is aimed at curbing access to overseas websites that traffic in pirated content and counterfeit products, such as movies and music. Support for the Senate bill, and a similar one in the House known as SOPA, or Stop Online Piracy Act, has eroded in recent days because of fears that legitimate websites could end up in legal...(Read Full Post)