If only financial reform was as funny as the comedy sketches being played out on popular comedy website funnyordie.com sighs The Washington Post’s Katrina vanden Heuvel.
"What you gotta understand is that we got a regulatory issue here. We gotta regulate that or we're gonna get more bubbles. Gonna get bigger, larger, then pop, money goes to the weasels," advises a "Daddy Bush" impersonator on popular comedy website funnyordie.com, in a terse summary of the "whole shebang" of financial reform. If only financial reform were really funny, sighs The Washington Post’s commentator Katrina vanden Heuvel. She says such reforms shouldn’t be seen as a luxury after devastating financial crisis and that it should not be a partisan issue: "Everyone from the tea partiers to Volvo-driving liberals has a stake in shutting down the casino and getting the big banks under control. Of possible reforms, creating an independent agency to protect consumers from financial abuse should be one of the easier lifts. The problems are obvious. Consumers are battered routinely by predatory mortgage brokers, shifty credit card companies and rapacious pay-day lenders with exorbitant fees. We've seen that these practices can bring down the global economy, not just the vulnerable consumer. And the utter failure of the Federal Reserve and other regulators to use their powers to police the banks has amply demonstrated the need for an independent cop on the beat."
Swipe right to make the connections that could change your career.
Swipe right. Match. Meet over coffee or set up a call.
No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.
In his final years, Martin Luther King, Jr. become increasingly focused on the problem of poverty in America.
- Despite being widely known for his leadership role in the American civil rights movement, Martin Luther King, Jr. also played a central role in organizing the Poor People's Campaign of 1968.
- The campaign was one of the first to demand a guaranteed income for all poor families in America.
- Today, the idea of a universal basic income is increasingly popular, and King's arguments in support of the policy still make a good case some 50 years later.
A completely unexpected discovery beneath the ice.
- Scientists find remains of a tardigrade and crustaceans in a deep, frozen Antarctic lake.
- The creatures' origin is unknown, and further study is ongoing.
- Biology speaks up about Antarctica's history.
For Damien Echols, tattoos are part of his existential armor.
- In prison Damien Echols was known by his number SK931, not his name, and had his hair sheared off. Stripped of his identity, the only thing he had left was his skin.
- This is why he began tattooing things that are meaningful to him — to carry a "suit of armor" made up the images of the people and objects that have significance to him, from his friends to talismans.
- Echols believes that all places are imbued with divinity: "If you interact with New York City as if there's an intelligence behind... then it will behave towards you the same way."
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.