The media fixates on the overall size of student debt. But where you go to school, whether you graduate, and what kind of job you get later may matter much more.
Read more. [Images: FRBNY Consumer Credit Panel]
JOSH LYMAN AT THE WHITE HOUSE CORRESPONDENTS’ DINNER.
EVERYTHING IS RIGHT WITH THE WORLD.
Privacy Law in 60 seconds
The Computer Fraud and Abuse Act is the most outrageous criminal law you’ve never heard of. It bans “unauthorized access” of computers, but no one really knows what those words mean. Orin Kerr, a former Justice Department attorney and a leading scholar on computer-crime law, argues persuasively that the law is so open-ended and broad as to be unconstitutionally vague. Over the years, the punishments for breaking the law have grown increasingly severe—it can now put people in prison for decades for actions that cause no real economic or physical harm. It is, in short, a nightmare for a country that calls itself free.
What can be done? Here, Tim Wu considers: http://nyr.kr/WRAXAA
Reblogging this, for example, is more important important than tweeting it.
By Mieke Eoyang and Aki Peritz
We’re overdue for an updating of the missile defense debate. A lot of folks remember the Reagan-era missile defense system called the Strategic Defense Initiative, or SDI, derisively known as “Star Wars.” At the time, Reagan promised a shield in space to defend against hostile attack, but multiple problems quickly emerged—for example, opponents said it would be technologically impossible to use missiles to strike incoming multiple Soviet intercontinental ballistic missiles using a technology that did not yet exist.
Another challenge with SDI is that it undermined the theory of deterrence. After all, if one nuclear power had little to fear from another—Reagan promised in his second inaugural address that SDI would render “nuclear weapons obsolete”—the idea of nuclear retaliation would disappear and would allow for the first use of nuclear weapons. Finally, Reagan’s SDI was a huge financial sinkhole costing billions and billions of dollars. F or example, in 1987 the White House requested $5.4 billion for the system, while the next highest request was to procure F/A-18 jets for the Navy … for only $2.8 billion.
BUTT is banned; BUTTS okay