Do not record ANYTHING without strict permission from the person or persons or artist that you're recording.
If there's a lecture online that you'd like to record, or if you like something else that's on the Internet and want to save the audio for later use on your iPod or what have you, check out this video. In it you will learn how to combine GarageBand and SoundFlower together to allow you to record any streaming audio over the Internet.
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