Timothy Geithner grades the bank stress tests
Saturday Night Live presented this skit wherein Timothy Geithner graded the bank stress tests:
Obama strikes all funding for abstinence-only sex education
As reported at Daily Kos:
Yesterday, President Obama struck a blow to the abstinence-only community, cutting ALL of their funding streams in his new 2010 budget. Obama made it clear that our government should no longer fund these failed programs that promote misinformation, misogyny, discrimination and, of course, juggling and cinder block wielding abstinence clowns.
Watch the videos posted at Daily Kos to get a real flavor for the opposition (Ms. Unruh), who repeatdly claims that babies are good, we need babies, and that birth control pills are attempts by the pharmaceutical companies to oppress women. She claims that using real birth control is an attempt to turn women into men.Evolutionary explanations: historical trajectory versus convergence
In the April 16, 2009 edition of Nature (available online only to subscribers), Johan J. Bolhuis and Clive L. Wynne asked "Can Evolution Explain How Minds Work? Their answer is that we need to be careful. Traits don't always smoothly work their way up from ancestors to contemporary species. Sometimes, traits appear as a result of "convergence," namely, these traits arise in species that are not closely related because these species were independently subjected to similar selection pressures. A good example of convergence would be the wings of birds and bats, which are not closely related species. Both species, however, were subjected to similar selection pressures, accounting for the existence of their wings. The authors argue that many studies suggesting that humanlike traits existed in lower primates lacked sufficient controls. Maybe those capuchin monkeys were not reacting on the basis of assessing "fairness" when they shared or rejected slices of cucumbers. Maybe they were rejecting an inferior reward simply because better rewards were potentially available. The authors suggest that their reanalysis of these experiments suggests that it is a mistake to assume the continuous development of mind up through the lower primates, culminating in human beings.
Massively dysfunctional enforcement at the SEC and the Fed
TMP has presented a terrible, yet not surprising, description of the enforcement arm of the SEC. Based on this detailed description of this dyfunctional enforcement arm, no wonder securities fraud has been running rampant. Oh, and on a related note, Huffpo reports that:
The inspector general tasked with overseeing and auditing the Federal Reserve knows pretty much nothing about what the Fed is doing. . . . She did not know where the Fed has invested its $2 trillion on the liability side of the balance sheet. "I do not know. We have not looked at that specific area at this particular point on," she said.
Obama to credit card companies: stop ripping off American consumers
Could you ever imagine George W. Bush scolding credit card companies for "ripping off" and "abusing" American consumers? Barack Obama is proposing to do away with the fine print and to do away with profits that depend on misleading hard-working families by hiding fees and penalties. He wants to sign a bill reforming the industry by Memorial Day.