Ok, following up the blog post yesterday about political stuff I read throughout the day, I decided today to include the good stuff that I read from basically any subject that isn't music related. On a day-to-day basis I read a lot, and most of that is within the music, technology, and political realms (with sports being the fourth). The music stuff gets covered on this here website you're reading -- this is everything else.
Note, I cross post all the political stuff into the political forum general thread. One of my favorite threads on the website.
Students in California have a proposal. Rather than charging tuition, they’d like public universities in California to take 5% of their salary for the first twenty years following graduation (for incomes between $30,000 and $200,000). Essentially, rather than taking on debt students would like to sell equity in their future earnings. This means students who make more money after graduation will subsidise lower-earning peers.
We only ask that you do not redistribute the show. Once you download the file, it’s yours to keep forever, and yours to use for any reasonable personal use, such as watching, enjoying, converting to MP3 for the morning commute, making backups, burning to DVD, hosting a screening for friends, and so on
Another misconception: The proposal doesn’t raise $47 billion over 10 years. Or, rather, it does, but only if you use the “current law baseline” that assumes the full expiration of the Bush tax cuts. No one really uses that baseline. If you look at Paul Ryan’s budget, for instance, its appendix tables use a “current policy baseline,” which assumes, among other things, that the Bush tax cuts are extended.
Compared with that baseline, the Paying a Fair Share Act actually raises about $160 billion. Still not enough to solve our deficit problems on its own, but nothing to sneeze at.
In the depths of the financial crisis, borrowers with tarnished credit like Ms. Alejandro were almost entirely shut out from credit at traditional lenders. It was hard enough for people with stellar credit to get loans. But as financial institutions recover from the losses on loans made to troubled borrowers, some of the largest lenders to the less than creditworthy, including Capital One and GM Financial, are trying to woo them back, while HSBC and JPMorgan Chase are among those tiptoeing again into subprime lending. Credit card lenders gave out 1.1 million new cards to borrowers with damaged credit in December, up 12.3 percent from the same month a year earlier, according to Equifax’s credit trends report released in March. These borrowers accounted for 23 percent of new auto loans in the fourth quarter of 2011, up from 17 percent in the same period of 2009, Experian, a credit scoring firm, said.
Fender benders, rear-enders and those three-car pileups that back up traffic may be going the way of the buggy whip. Within a few years, cars whizzing down the highway will begin chatting among themselves. Once they all are equipped to join the conversation, every car will know the speed, distance and direction of every other car close enough to pose a risk...Just as it has changed so many other aspects of life, wireless technology is about to revolutionize the way we drive...It could cut highway fatalities and injuries by more than half, eliminating billions of dollars in medical bills. It could reduce by millions more what it costs to repair damage from the more than 6 million crashes each year. By governing the flow of traffic with real-time information, it can reroute drivers to avoid congestion and reduce time and fuel wasted while stuck in traffic.
Also currently unavailable is pricing information – that is, how much you’ll be able to get for your CDs once sent in. Surely pricing will be variable depending on artist, we would guess. After all, your Beatles CD will probably sell fast…your Barry Manilow, not so much.
The malware is said to have infected over 600,000 Macs worldwide. While 3rd party tools have been developed to test for the infection, Apple reveals they are working on their own tool to detect and remove the software.
Spotify isn’t content with just dominating Facebook; the service is now allowing tracks to be embedded into websites, which…launches the Spotify app. Okay, that’s cool, I guess; if Rdio hadn’t been doing the same thing without launching an app for at least a year. But hey, maybe black and green is your thang, in which case, proceed.
The Google team has announced a redesign of their ghost town social network, Google+. Described as part of the initiative to create a “simpler, more beautiful Google” the redesign is essentially a brand new layout and, well, it looks a bit like a cleaner version of Facebook. Unfortunately, the relative lack of engagement with Google+ has never been a matter of looks (it already looked much better than other social networks) but rather a matter of motivation, which Google hasn’t solved with this redesign.
The problem with this model of Series A and B investing is that, in reality, many of the companies with big hits weren’t overnight successes. Pinterest, OMGPOP, Twitter, and Tumblr were around for years before taking off and all benefited greatly from having patient investors. In the current financing environment, a lot of good companies won’t live to get Series As and Bs and big VCs will pay valuations on hits that are priced to perfection.
Remember last year when analysts said that the lack of a full redesign with the iPhone 4S was so disappointing? Hahaha, wow, good times. AAPL closed at what, 626 today? Analysts suck. - JT
I have no idea what to title this sort of thing ... so, for now, I'm just calling it "Shit Worth Reading." It's pretty easy to do with how I consume material on the internet each day, so I'll probably keep doing it for a little while and see how people enjoy it. All of my personal comments are in italics, the rest is quoted from the article I am linking to.