Posts Tagged ‘banking’
Friday Links! Tons of Them! Not All of Them Depressing!
* The kids are all right: the editorial in the Marquette Tribune today is anti-edX, anti-robo-graders.
* MOOC as intellectual neocolonialism. Why online education is mostly a fantasy. The MOOC monster will never be satisfied.
* “I can’t tell you how disappointed I am,” said State Sen. Alberta Darling at Tuesday’s hearing. “Here we have accounts of tuition being squirreled away at the same time you raised tuition. What was your intent?” Scenes from the war on higher education in Wisconsin.
* Depression and graduate school.
Perhaps it is the self-aggrandizement the authors seem to share with the ballooning employer-fix-it crowd, but when I encountered this perennial theory in The Innovator’s Prescription, I finally realized that everything I learned as a bartender at HBS was true: things do work out perfectly when we all nod in agreement, sketch it out on cocktail napkins, and congratulate each other for being in each other’s presence.
* Hundreds of Chicago Students Walk Out of Standardized Test. Chicago Public Schools cancels district-mandated standardized test for kindergartens and first graders.
* What does the ubiquitous cheating in reform-era education mean? It means that reformers are so dumb they can’t even set up arbitrary benchmarks for success; they literally fail their own tests despite having written the questions and answers themselves. Imagine a panel of fish oil salesmen riddled with arthritis and clearly suffering from memory loss and you get some idea. What the cheating proves is that these people are liars and cheats, but more than that, it proves that the systems of accountancy and auditing promoted by the liars and cheaters are themselves a lie. The reform is doubly fraudulent.
* US schools weigh bulletproof uniforms: ‘It’s no different than a seatbelt in a car.’ Well, maybe it’s a little different. Can we agree it’s a little different?
* In short, it’s time to cash out of capitalism. Here at http://stocktips.gerrycanavan.com we’ve been rating capitalism as a DON’T BUY for years.
* Workplace Safety and the Gilded Age Theory of Risk. Hundreds of thousands of Bangladesh’s garment workers walk out in protest over factory deaths. Yglesias shrugs.
* Surprise! The Hostess bankruptcy was union-busting.
* A 2010 report produced by a Dallas investment house found that aside from the richest of the rich, among the remaining 90 percent of NFL players, nine in ten of them would be insolvent within ten years of retirement.
* UCLA professor let his students “cheat” on a game theory midterm. I can’t decide if he should have flunked the Lone Wolves or given them A+s.
* Matt Weiner says Mad Men season six is structured by the Wikipedia entry for Dante’s Inferno.
* The spectacle has to be shaped carefully so that suffering takes on the qualities of an elevating narrative the audience can feel part of, an affirmative allegory of capitalism in which hard work and energetic competition show us the most worthy, the winners. Jacobin vs. the Oscars.
* Rachel Maddow vs. Alex Jones.
* May the curse of labor be cursed, may the ineluctability of production become its sorrow.
* Everything Is Rigged: The Biggest Price-Fixing Scandal Ever.
* And I hate it when politicians break kayfabe. As my friend @mikemccaffrey put it: “Can you please identify the president who assaulted your democracy in this lineup?”
Sow Wells Fargo with Salt So That Nothing May Ever Grow There Again
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?”
A Whole Lot of Sunday Night Links
* SNL wins a game: Djesus Uncrossed.
* Batman should never have revealed his secret identity.
* Dan Harmon explains his Joseph-Campbell-influenced theory of the “story circle,” in a few posts: 1 2 3 4 5 6
* The politics of the Papal Conclave are fascinating.
* Pope Benedict XVI’s leaked documents show fractured Vatican full of rivalries. Pope blesses thousands at Vatican as details of ailments emerge.
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.
* Cooper Union will probably not be free anymore.
* Roopika Risam on breaking the silence of the job search.
* 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?
* Margaret Atwood teases Maddaddam:
“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!
* Aaron Bady on Ngugi wa Thiong’o's In the House of the Interpreter.
* The New York Times profiles flood management technology in the Netherlands.
* 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…
* Forest Whitaker Accused of Shoplifting, Frisked at Upper West Side Deli.
* Obama says kill the penny. He would say that. He hates capitalism.
* Equal Opportunity, Our National Myth.
* Kidding on the square: another National Review blogger calls for the repeal of the 19th Amendment.
* Gasp! Deregulation May Not Have Lowered Air Fares After All.
* The phenomenology of solitary confinement.
* Surveying self-confessed rapists.
* How to be a Person in the Age of Autoimmunity.
* Data-crunching the Internet Adult Film Database.
* Data-crunching the Lord of the Rings.
* The Internet has finally developed impermanence technology.
* And Iceland might ban Internet porn.
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…
Impossibly, Even More Thursday Links
* 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.
* Scott Aukerman picks his favorite Comedy Bang! Bang! episodes.
* The Charlie Brown School of Dance.
* ‘The Hobbit’ To Feature 53-Minute-Long Scene Of Bilbo Baggins Trying To Figure Out What To Pack.
* Prison Guard Beats Up 15-Year-Old Inmate On Camera, Keeps Job.
Four More
* 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.
* Some modest proposals for Arizona lawmakers.
* 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.
Post *All* the Links
A big post, catching up from most of last week:
* Science fiction on the BBC: A brief history of all-women societies.
* Top Five Most Destroyed Canadian Cities in the Marvel Universe.
* News from MLA! Dissing the Dissertation. Anguish Trumps Activism at the MLA.
* 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.
* How College Football Bowls Earn Millions In Profits But Pay Almost Nothing In Taxes.
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.
* Learning From The Masters: Level Design In The Legend Of Zelda.
* How The Cave of Time taught us to love interactive entertainment.
* Inside the Shel Silverstein archive.
* 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.
* The headline reads, “Quadriplegic Undocumented Immigrant Dies In Mexico After Being Deported From His Hospital Bed.”
* Dallas teen missing since 2010 was mistakenly deported.
* A Funny Thing Happened on the Way to Arkham Asylum.
* Pepsi Says Mountain Dew Can Dissolve Mouse Carcasses. Keep in mind: that’s their defense.
* Obama Openly Asks Nation Why On Earth He Would Want To Serve For Another Term.
* Romney: Elected office is for the rich.
* How banks and debt collectors are bringing dead debt back to life.
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.
* Epic Doctor Who Timeline. More here.
* Battlestar Galactica: Totally planned. See also.
* The cast of Community plays pop culture trivia.
* “White House Denies CIA Teleported Obama to Mars.”
* Classified docs reveal why Tolkien failed to win ’61 Nobel Prize!
* Solve the Fermi Paradox the Saturday Morning Breakfast Cereal way.
* And you probably already saw Paypal’s latest outrage, but man, it’s a doozy.
$185B
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.”
The Stockbrokers Behaved as though Their Neighbor Had the Same Car, ‘And They Took After It With a Baseball Bat So They Could Look Better Themselves’
“Naturally one can’t characterize the traders as deranged,” Noll told SPIEGEL. “But for example, they behaved more egotistically and were more willing to take risks than a group of psychopaths who took the same test.”
The headline reads: “Share Traders More Reckless Than Psychopaths, Study Shows.”
