The Supreme Court of the US has decided that it is OK for the congress to extend copyright protection (as it had in a law in 1998) to 95 years for works for hire and life+70 for works made by individuals.

Hailed as a victory for the movie and publishing industries (Disney was pushing hard for this, due to the pending expiration of the Micky Mouse Copyright), and a potential loss for the general public, the ruling leaves the existing laws intact and sets provides congress with additional leeway in the future.

CNN wrote about it in this article buried deep in their site.