Monday Morning Links!
* With this the Culture / Harry Potter and the Methods of Rationality fanfic, culture is hereby perfected forever. Please deposit your 3D glasses in the receptacle on your way out of the theater.
* What Iuliano found was that the reality of student loan discharge in bankruptcy was that four out of 10 people that attempted to discharge their loans were successful. Granted, a 40 percent rate is not success for the majority, but it’s not inconsequential either. More disturbingly he found that in just the one study year, 69,000 debtors would have been good candidates to receive some or full relief from their student loan debt but they never even tried to discharge the loans. In fact few ever try to discharge their student loans in bankruptcy. “99.9 percent of student loan debtors in bankruptcy never attempt to get a discharge,” says Iuliano.
* Scenes from the alternate universe that is Germany: Still, the concept of paying for education remained deeply unpopular with students and the general public, and most states that introduced fees threw them out again in short order, starting with Hesse, in 2008.
* Ruth Bader Ginsberg agrees with me that the current Supreme Court is one of the most activist in history. Of course where we disagree is my feeling she should resign immediately in time to be replaced with a 35-year-old before Obama leaves off.
* Hans Poertner, professor of marine biology at the Alfred Wegener Institute in Germany, and co-author of a new study of the phenomenon, told the Guardian: “The current rate of [ocean acidification] is likely to be more than 10 times faster than it has been in any of the evolutionary crises in the earth’s history.”
* The financial industry accounts for about 8% of GDP, but about 32% of corporate profits. These excess profits are extracted from the real economy — consumers and businesses — and constitute a drag on non-financial growth.
* And New York sues Donald Trump over his fake university. Well, I suppose that’s one down…