How do I record phone conversations?
I’ve got something rougly similar to the Radio Shack device mentioned above. I do a lot of phone interviews (I’m a journalist); I used to record them with a standard dictaphone; then a minidisc, when I got one. These days, I plug the audio jack straight into my iRiver, which records direct to MP3, which means I’ve then got a copy on my iBook as well. The quality (using any recording device) isn’t great, since you’re dealing with standard phone line sound quality, but all three are fine for transcribing. As for automatic transcription … good luck! Crack that, and you’d make your fortune, because transcribing interviews is, without a doubt, the dullest thing in the world.