Posts Tagged ‘banking’
* The science fictional sublime: the art of Penguin science fiction.
* From the syllabus of my wonderful Cultural Preservation class: “Can Auschwitz Be Saved?” and “The Myth of the Vanquished: The Hiroshima Peace Memorial Museum.”
* Where the money goes: what $60,000 tuition at Duke buys you.
* Always worth relinking: StrikeDebt’s Debt Resistors’ Operations Manual.
* On most policy questions of any importance, there are enough academics doing work to generate far more policy ideas than can seriously considered by our political system. When it comes to systemic risk, we have all the ideas we need–size caps or higher capital requirements–and we have academics behind both of those. The rest is politics. What we really need is for the people with the big megaphones to be smarter about the ideas that they cover.
* The most important finding is that family formation negatively affects women’s, but not men’s, academic careers. For men, having children is a career advantage; for women, it is a career killer. And women who do advance through the faculty ranks do so at a high price. They are far less likely to be married with children. We see more women in visible positions like presidents of Ivy League colleges, but we also see many more women who are married with children working in the growing base of part-time and adjunct faculty, the “second tier,” which is now the fastest growing sector of academia. Unfortunately, more women Ph.Ds. has meant more cheap labor. And this cheap labor threatens to displace the venerable tenure track system.
* The US government has finally released the names of 46 men being held in Guantánamo under the classification of “indefinite detainees” – terror suspects deemed too dangerous to release or move yet impossible to try in a civilian or even military court for reasons of inadequate or tainted evidence.
Vulnerability to the draft induced by the 1969 lottery not only structured attitudes toward the Vietnam War, but also provoked a cascade of changes in basic partisan, ideological, and issue attitudes. The breadth, magnitude, and, in some respects, persistence of these attitudinal changes illustrates how powerful self-interest can become when public policies directly touch our lives.
It seems to suggest how fundamentally arbitrary political attitudes are, however much we think we’re thinking things through rationally and proceeding by careful analysis of the facts.
* I thought Evan’s writeup on Mad Men was really great this week. Almost makes this season’s excruciating focus on Don’s mother issues seem interesting.
* Jesus wept: Vice re-creates female authors’ suicides for maximum trolling. Don’t even bother clicking, it’s absolutely as dumb as advertised.
* Coffee’s good for you again. Stay buzzed, America.
* This piece on MOOCs from Jonathan Dettman is really interesting, not least of all for its observations on running the university like a business:
According to this paradigm, the years spent at a university are not intended so much as to educate the student (either in the vocational sense or the liberal-arts sense of forming citizen-scholars), but rather to turn as many recruits as possible into “active alumni.” In the meantime, as much profit as possible should be extracted from the student, through amenities, food services, business partnerships, textbook sales, tuition, etc. Image and branding are extremely important to these efforts, but so is information. Universities now build data-driven profiles of prospective students in order to identify and recruit those most likely to be attracted to the university’s own carefully constructed market profile.
As I said on Twitter yesterday: they couldn’t have found a model that sounded a bit less… pyramid-schemey?
* This piece on epigenetics in Discover is really interesting, but my god, the reporting. It’s hard to imagine a piece that sensationalized these findings more.
* Announcing the MOOC Research Institute. Can’t we scale this up? You know, crowdsource it.
* Black Americans between the ages of 18 and 29 have an unemployment rate of 21 percent, almost triple the national average.
* Simply put, 99 percent of the increase in employed persons seen in the last year was for individuals who had attended at least some college (this removes the negative change in employment for high school grads with no college to not produce a number above 100 percent). Among those who didn’t go to college, we actually lost 284,000 employed persons from May of 2012 to May of 2013. Within the college-going categories, about 60 percent of the increase went to those with a bachelor’s degree and 40 percent to those with an associate’s degree.
* The screenplay writes itself: Gustl Mollath was put in a psychiatric unit for claiming his wife was involved in money-laundering at the Bavarian bank. But seven years on evidence has emerged that could set him free.
* The headline reads, “New long distance quantum teleportation system ‘extremely reliable.'” So, the ansible is real, then?
* Because a bunch of us have been rewatching Star Trek lately: Voyager Inconsistencies. By the numbers it’s actually a little better than I thought.
* And the LEGO museum. At least there’s that.
* In a post-employment economy, many are working simply to earn the prospect of making money.
So when a publisher comes to you and says “We like your book, can we buy it?” do not treat them like they are magnanimously offering you a lifetime boon, which if you refuse will never pass your way again. Treat them like what they are: A company who wants to do business with you regarding one specific project. Their job is to try to get that project on the best terms that they can. Your job is to sell it on terms that are most advantageous to you.
Oakland Police kept a man on its Most Wanted list for six months though he was not wanted for anything, the man claims in court.
And the most amazing part:
After “nearly a week of hiding in fear,” Van turned himself in on Feb. 13, “to resolve this devastating mistake,” the complaint states.
He was held for 72 hours, never charged with anything, then released, according to the complaint.
Yet on Feb. 14, the Oakland Police Department released a statement, “Most Wanted Turns Himself In,” which began: “One of Oakland’s four most wanted suspects has been taken off the streets. Last week, Oakland’s Police Chief Howard Jordan named Van Chau as one of the City’s four most wanted criminals. Today, the Oakland Police Department reports that Van Chau is off the streets of Oakland and is safely behind bars after turning himself in due to media pressure. Chief Howard Jordan said, ‘A week ago I stood with community members and asked the community to stand with me to fight crime and today we have one less criminal on our streets. Today a victim is one step closer to justice.'”
* The State Department’s latest environmental assessment of the controversial Keystone XL oil pipeline makes no recommendation about whether President Obama should approve it. Here is ours. He should say no, and for one overriding reason: A president who has repeatedly identified climate change as one of humanity’s most pressing dangers cannot in good conscience approve a project that — even by the State Department’s most cautious calculations — can only add to the problem. Good conscience! Good conscience! Hilarious.
* “It’s not for everyone”: working as a slavery re-enactor at Colonial Williamsburg.
* Nation’s Millionaires Agree: We Must All Do More With Less.
* The world’s most useless governmental agency, the FEC, is still trying to figure out fines for crimes committed three elections ago.
* Anarchism: illegal in Oklahoma since 1919!
* Also from the Teens: Dateline 1912: The Salt Lake Tribune speculates about “vast thinking vegetable” on Mars.
* Charlotte Perkins Gilman was right: New Experiment Suggests Mammals Could Reproduce Entirely By Cloning.
* 11 More Weird & Wonderful Wikipedia Lists. Don’t miss the list of fictional ducks and the list of films considered the worst.
* And let freedom ring: Judge strikes down NYC ban on supersized sodas.
Bailey added: “In September, 2010 Wells Fargo acknowledged its error in paying the taxes on Plaintiff’s neighbor’s property and corrected it.” By then, however, Delassus was so far behind on his mortgage payments wrongly doubled by Wells Fargo that the bank refused to let him resume his $1,237.69 installments, Trujillo says. He faced a sizable “reinstatement” cost — which is often the past due amount plus fees.
In an unsettling new twist, Delassus couldn’t get Wells Fargo to tell him how much his reinstatement cost was. Later, in a videotaped deposition, Trujillo asks Michael Dolan, a litigation-support manager for Wells Fargo: “So Plaintiff was never provided with the reinstatement amount after the bank discovered its error, correct?”
* SNL wins a game: Djesus Uncrossed.
As early as this April, Yale plans to welcome a training center for interrogators to its campus.
The center’s primary goal would be to coach U.S. Special Forces on interviewing tactics designed to detect lies. Charles Morgan III, a professor of psychiatry who will head the project, calls these tactics “people skills.” These techniques would be honed using New Haven’s immigrant community as subjects.
* Freddie deBoer: I’ve been making the case (again and again and again) that the constantly-expressed notion that we’ll have full employment if people are just smart and go into STEM fields is empirically indefensible. Adam Kotsko: What is education actually for?
“Maddaddam begins where The Year of the Flood finishes and goes on from there,” she says. “It explores what happens when the conventional humans and the new creations find themselves in the same space. You can see that there might be some cultural misunderstandings.”
* Comics explained: the backstory of Rachel Summers. It couldn’t be simpler!
* Could our universe be located within the interior of a wormhole which itself is part of a black hole that lies within a much larger universe? And that universe is on the back of an even larger turtle…
* Obama says kill the penny. He would say that. He hates capitalism.
* Kidding on the square: another National Review blogger calls for the repeal of the 19th Amendment.
Halla Gunnarsdóttir, an adviser to the interior minister, explains the country’s anti-smut rationale to The Guardian:
“We are a progressive, liberal society when it comes to nudity, to sexual relations, so our approach is not anti-sex but anti-violence. This is about children and gender equality, not about limiting free speech…”
This is Iceland, after all. Prime Minister Jóhanna Sigurdardóttir is the first openly lesbian government head in the world. It’s already illegal to print and distribute porn within the country, and since 2010, strip clubs have been prohibited as well…
* The rich are different from you and me: The New York Times reports this week that megabank HSBC has escaped criminal prosecution for money laundering that probably funded terrorists and narcotics traffickers. Why? Because regulators and prosecutors were petrified that an indictment would undermine the entire financial system. The Times quotes anonymous government sources who confessed fears about bringing formal charges because doing so would be a “death sentence” for the bank. So they let it off the hook.
* Scientists plan test to see if the entire universe is a simulation created by futuristic supercomputers. I really feel as though nothing is more likely to make them pull the plug on us. Let’s just take a step back here.
* So the claim is that the top-notch sociology students of America are unfamiliar with (and probably not of) the urban poor and they will learn empathy and be introduced to poor people through a made-up TV program. That seems a little broken.
* At least Bank of America got its name right. The ultimate Too Big to Fail bank really is America, a hypergluttonous ward of the state whose limitless fraud and criminal conspiracies we’ll all be paying for until the end of time. Did you hear about the plot to rig global interest rates? The $137 million fine for bilking needy schools and cities? The ingenious plan to suck multiple fees out of the unemployment checks of jobless workers? Take your eyes off them for 10 seconds and guaranteed, they’ll be into some shit again: This bank is like the world’s worst-behaved teenager, taking your car and running over kittens and fire hydrants on the way to Vegas for the weekend, maxing out your credit cards in the three days you spend at your aunt’s funeral. They’re out of control, yet they’ll never do time or go out of business, because the government remains creepily committed to their survival, like overindulgent parents who refuse to believe their 40-year-old live-at-home son could possibly be responsible for those dead hookers in the backyard.
* And a brief history of female away team members: Redskirts.
A big post, catching up from most of last week:
* Science fiction on the BBC: A brief history of all-women societies.
* News from my childhood: Another new version of Dungeons & Dragons is on the way. MetaFilter agonizes.
* News from the Montana Supreme Court: “Corporations are not persons. Human beings are persons, and it is an affront to the inviolable dignity of our species that courts have created a legal fiction which forces people — human beings — to share fundamental, natural rights with soulless creatures of government…”
* News from
the future right now: Record Heat Floods America With Temperatures 40 Degrees Above Normal.
And what ends up happening there is that the candidate with the big stack of donor money always somehow manages to survive the inevitable scandals and tawdry revelations, while the one who’s depending on checks from grandma and $25 internet donations from college students always winds up mysteriously wiped out.
* While genomic research on the super-old is in its very early stages, what’s fascinating is what the researchers are not finding. These people’s genomes are fundamentally the same as other people’s. They are clearly very special, but not in ways that are obvious.
* What Could Have Entered the Public Domain on January 1, 2012? Under the law that existed until 1978 . . . Works from 1955.
* Pepsi Says Mountain Dew Can Dissolve Mouse Carcasses. Keep in mind: that’s their defense.
* Romney: Elected office is for the rich.
People who stop paying bills earn lousy credit ratings but eventually are freed of old debt under statutes of limitations that vary by state and range from three years to 10 years from the last loan payment.
But if a debtor agrees to make even a single payment on an expired debt, the clock starts anew on some part of the old obligation, a process called “re-aging.”
So if borrowers again fall behind on their payments, debt collectors can turn to their usual tools: letters, phone calls and lawsuits. By restarting a debt’s statute of limitations, the collectors have years to retrieve payments.
* Wells Tower: In Gold We Trust.
* And you probably already saw Paypal’s latest outrage, but man, it’s a doozy.
Think Progress: According to cg42, a consulting firm that does work for the biggest banks, “the nation’s 10 biggest banks could stand to lose as much as $185 billion in deposits in the next year due to customer defections.” Of the banks, “Bank of America is the most vulnerable and could lose up to 10% of its customers and $42 billion in consumer deposits in the next year.”