We should put the onus on the universities, to certify that if the student completes the degree he/she is seeking, there is at least some reasonable chance the loan will be paid back. They universities should disclose the mean and median starting salaries of the majors they are offering. Like the home loans used to have some basic rules like, "not more than 27% of gross for mortgage, not more than 34% for all loan payments, 20% down". Similar easy to grasp metrics should be made available.
But in a free market economy, if some people want to shoot themselves in their foot, there is nothing to stop them. But at least we someone should be telling them, they have a gun in their hand pointing to their feet and if they squeeze the trigger they will get hurt. Instead we are incentivising the bullet peddlers .
Blythe believes the long term success of Hyperloop will lie in its ability to be powered entirely by solar panels. "The compelling argument today is that the energy to run this could be generated from renewable resources, so the energy cost and the CO2 emissions are low - that probably gives it a bit more of an interesting argument whereas 15 years ago we didn't care about stuff like that.
But it far cheaper to electrify a conventional train track. And far cheaper to install just solar panels on top of all highways and rail tracks. In fact if we put a "roof" over all the highways in the northeast and install solar panels on them, the savings in snow removal costs in winter and the electricity generated in summer could pay for the whole project. Putting gables over highways and directing the snow to fall on the sides instead of on the lanes is a far cheaper project than this.
The home construction industry still reeling from the 2008 financial shock could use a shot in the arm. Regular conventional structures, gables and trusses, oriented to face the South, over I-90 between NewYork and Boston. Why not? We shoveled 800 billion dollars to the greedy banksters in just three months in 2008. A steady 10 billion dollar a year to put roof over highways is probably a better idea.
The researchers obtained permission from Twitter to conduct the research but were denied by Google, Yahoo and Facebook to conduct an investigation into scam accounts over their respective networks.
So only Twitter cooperated with an independent researcher trying to identify fake accounts. There is conflict of interest here, big companies have no real incentive to crack down on fake accounts. We should really commend Twitter for being open.
If the lawyer fees are limited to 30% of the amount actually distributed to the claimants, it would go a long way in creating an incentive for the lawyers to actually make sure the claimants get some money. Right now, once the settlement is done, they lawyers collect all their money and send a form letter to claimants and move on to the next target.
I think we should make lawyers subject to malpractice laws too when they usurp the right to represent a class of claimants. Due diligence in locating all possible claimants to the class, making sure they all get due compensation, making sure the costs are not inflated etc all should come under malpractice provisions. If the lawyers screw up, the claimants should be able to sue them for malpractice.
To Congressdorks: Remember Arab Spring. It can happen here.
Really? The way Occupy Wall Street succeeded? One important characteristic of Arab spring is having a few leaders, self-appointed mostly, who are recognized by many followers. These leaders represent their followers by proxy and leaders accumulate followers. In OWS you had All-Chiefs-and-no-Indians problem. The congress critters know it. They are not scared. The NRA has stood by them election after election, turning out votes repeatedly. That is the kind of track record you have to rake up if you want to be taken seriously.
On the other hand there are plenty of second, some third or even fourth grade engineers still enchanted by USA. They still apply and they are the ones most slashdotters disdainfully make fun of as poor quality desi programmers.
I would not go back, no matter what pay they offer and how many cooks, drivers and maids I could afford over there. Once you get used to the clean water and clean air, and reliable electric grid, it is difficult to readjust. But next generation of me are not coming here. Sadly. It would benefit both USA and them. And those who are still willing to come damage USA and damage the reputation of all Indians, all for a fistful of dollars.
BTW in most barbershops in the USA they have a jar of disinfectant where they soak the combs, brushes and clippers, brandname "Barbicide". Shhh, don't tell them it is a liquid that kills barbers.
The most delightful day after the one on which you buy a cottage in the country is the one on which you resell it. -- J. Brecheux