The President HATES This!

Way back in April, 2007 I used this picture in a post I called “Legal Loan Sharking.”

Sub-Prime Lender

After the credit crisis hit in September, 2008, I hoped these sleazy mortgage ads would disappear from the Internet but, no, they’re still there. Yahoo is a big offender. Here’s a current example.

“The President Waives Refi Requirement??” Hey, if you believe that, I can sell you a pair of X-Ray specs that will let you see through a girl’s clothes. What sort of slimy boiler room operations are behind these online ads, anyway? Here’s another one.

What does the Better Business Bureau say about Power4Home? Nothing good. Whenever anybody tells you they know some mysterious secret or trick that will make your car get better mileage, or a diet that will melt pounds off like magic, or whatever, it’s a come-on, if not an outright scam. Period. As Captain Braddock used to say at the end of each episode of Racket Squad, “Remember, there are people who can slap you on the back with one hand, and pick your pocket with the other… and it could happen to you!”

http://youtu.be/zEvtOo_O_Cw

Yes It Is Something

I am annoyed that Logitech has discontinued its superb Squeezebox Touch music player. I’d be even more annoyed if I didn’t own one. Playing on the Touch right now is, for me, the ultimate expression of audio technology as it presently exists — The complete Beatles on an Apple USB flash drive. The customer reviews on Amazon are all over the place, and I am very pleased to say you can ignore all of them that aren’t five stars. (No, I didn’t have a problem with the stem, as others have reported. The drive is secured magnetically, and maybe that’s given some people trouble.)

This thing is worth every penny, and maybe I’m just giddy because I applied all of my Amex Rewards Points to the purchase and got it for only $18, as a birthday present to myself, but the sound quality is what it is, and it’s absolutely outstanding. I’ve never been carried away with the sound of most — and I mean 75% or more — Compact Discs. I have never thought that digital audio was the problem, but that 16 bits aren’t enough. The dynamic range of CD is great, but so is the contrast ratio between solid white and solid black. The fine shades of gray — the nuances — often seem to be missing. Cymbals, for example, lack the shimmer they should have. Acoustic guitars don’t quite convey the feeling of the strings vibrating. Etc.

Despite my advancing age, my ears still seem to be good up to 12 kHz, maybe even 14 kHz, and listening to the Beatles this way is really something. With CD’s, when music gets loud, with a lot of instruments and vocals, I think everything sort of collapses into a flat-sounding mess, and I lose interest. The Beatles collection, copied from the original 24-bit digital masters, and compressed in the lossless FLAC format, doesn’t do that. Every little thing can be discerned distinctly and easily.

For sure, this is a specialty item for the very few with a lot of interest and the right setup, but at last there’s something better for listening to the Fab Four than the Mobile Fidelity LP’s from 30 years ago (I have a few titles, but not the box set). Enough talk. I’m going back to listening!

The Opportunity Cost of College

Since the recession began in early 2008, a college degree hasn’t necessarily led to a good paying job, or any job at all. There are now five graduating classes of unemployed or underemployed college graduates. To make matters worse, some grads have almost as much debt as their parents did when they bought their first house. As an article in The New York Times explains, collecting money owed by students with government-backed loans is now a booming business.

Forty years ago, when I was a senior in high school, it made some sense to enter the job market rather than head off to college. This was especially true for boys, because the military draft was ending (thank you, Richard Nixon!). Before then, for a lot of young men the value of college was that it meant getting a draft deferment and avoiding, or at least delaying, being sent to Vietnam. By the time I graduated from college, jobs were few and far between, and pay scales were depressed, thanks to the huge numbers of us Baby Boomers looking for work. I remember reading about Harvard grads driving cabs. I know a couple of guys my age who did very well by not spending four more years sitting in class after high school, and they got a jump start on the rest of us.

In the decades since then, the idea of getting a college education for its own sake has pretty much disappeared, but I feel strongly that college shouldn’t be seen solely as a place for vocational training. Getting a college education helps people to become informed, thoughtful citizens and voters. I think there’s a lot of value in taking college-level courses in Philosophy, History, Sociology, Psychology, and Economics, which is what my degree is in. Economics is an academic major that has much more vocational potential than it did in my day.

Having said that, I have to wonder what sort of a liberal arts education students get at The King’s College. Note: this isn’t King’s College, the Catholic institution in Pennsylvania, it’s a tiny (~400 students) Evangelical Christian school in New York City. Since 2010, The King’s College has been headed by Dinesh D’Souza, who to me appears to be a right-wing crackpot. D’Souza seems to have a President Obama fixation, in the same way the “birthers” do, and he makes some strange assertions. His latest is that Obama is an “anti-colonialist,” which I think says more about D’Souza than it does about Obama, because D’Souza was born in India, the last stronghold of the British Empire.

http://youtu.be/gRbqMGtvQD0

D’Souza’s claim that Obama is, as President, trying to help other countries at the expense of the United States is nonsense. The best thing to do about about guys like D’Souza is to let them talk all they want, because the more they say, the more obvious it is that they shouldn’t be taken seriously. NPR recently featured D’Souza. An edited audio interview with him is on the player, and the full interview is at this link.

[audio:https://s3.amazonaws.com/dogratcom/Audio/2012/09/dineshd%27souza.mp3|titles=NPR interview: Dinesh D’Souza]

Follow-up: Here are a couple of related items – The Washington Post does a cost/benefit analysis of college in general, and Infoworld asks about the value of Computer Science degrees in particular.

The Economy, Frontline and center

Since the collapse of the credit markets in 2008, the PBS documentary series Frontline has been producing an outstanding, if perhaps overly dramatic, series of programs explaining the causes of the crisis and what’s been happening in the Great Recession since then. The latest is Money, Power, and Wall Street. It borrows a lot of interview video from the earlier programs, but there could have been more from the show about Brooksley Born and her warnings about the dangers of high-risk betting with borrowed money masquerading as “investing.”

Watch Money, Power and Wall Street: Part One on PBS. See more from FRONTLINE.