Friday, December 30, 2011
Higher education is a rip off
Wednesday, December 28, 2011
Strangely, bankers never seem to fall through the cracks when it comes time for free money
Republican accomplishment: preventing predatory lenders from being prosecuted
"That was the CFPB in 2011: docile and crippled. But many Republicans in Congress remain convinced there's a wolf under those sheep's clothes, just waiting to tear out the throat of American businesses.
They've steadfastly blocked the nomination of former Ohio Attorney General Richard Cordray to head the agency, and without a director, the CFPB's powers are severely limited. The agency can exercise the authority it inherited from seven other agencies, but it can't perform what is perhaps its most important new function under the Dodd-Frank Act: policing the murky world of nonbank lenders.
Instead, the CFPB in 2011 released reports, created task forces and made new, simplified forms for mortgage disclosures, credit cards and student financial aid. But it didn't bring a single enforcement action against a predatory lender."
http://www.law.com/jsp/nj/PubArticleNJ.jsp?id=1202536608348&et=editorial&bu=New%20Jersey%20Law%20Journal&cn=NJLJ%20Daily%20News%20Alert%3A%20December%2027%2C%202011&src=EMC-Email&pt=New%20Jersey%20Law%20Journal%20Daily%20News%20Alert&kw=ROCKY%20START%20FOR%20NEW%20FEDERAL%20CONSUMER%20AGENCY%20&slreturn=1
Interesting post on the science of making popular music
"pop music, while not necessarily devoid of substance, is something of an item where substance has little or no positive or negative value on its appeal."
Either way, a scientific formula for popularity doesn't scare me as a music fan. worst case scenario, the big labels and their affiliated vehicles (radio, tv, etc) become even more fearful of wasting airtime (or whatever) on music that falls outside their formulas. That hasn't stopped real rock & roll yet - because so long as there are people that want it raw, there will be those that serve it. Besides, a sonnet or a haiku are forms of poetry with strict format rules. Yet within those forms there are poems that accomplish the bare minimum and poems that knock your socks off. No matter how formulaic pop music becomes, there will always be the potential for somebody with true talent to use the formula to shine.
Researchers Claim to have Discovered the Secret of Successful Pop Music
