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Despite all the affirmations of how very big and large and huge and great and powerful Dimon is, he declined to join their all-out assault on the Wall Street reforms.
"Has Dodd-Frank more than marginally made our banking system safer?" Corker asked.
"You know we supported some elements -- " Dimon began.
"I know what you supported," Corker snapped. "Has it made our financial system safer?"
"I think parts of it, in conjunction with higher capital liquidity," the executive replied. "The financial system is safer today than it was in '07."
Sen. Roger Wicker, R-Miss., asked if he could paraphrase Dimon's answer as "the financial system is safer today, and you can't say that Dodd-Frank has helped at all."
Dimon repeated his admission that "Dodd-Frank and other things made it safer."
He acknowledged that the "Volcker rule," a proposed regulation that would sharply limit banks' trading, "may very well have stopped parts" of Morgan's losing bets. He conceded that regulators have made "improvements in companies, including JPMorgan."
Johanns asked whether Dodd-Frank created red tape "so hard to navigate" that banks leave the country.
"We're going to be fine ourselves," Dimon replied. "We'll be able to navigate all that."
It wasn't as if the banker suddenly loved the regulatory state; he said the Volcker rule is "unnecessary." And although his prepared remarks were stocked with contrition ("We've let a lot of people down and we are very sorry"), his trademark arrogance returned when confronted by the only tough questioner, Sen. Jeff Mer...
But this time, Dimon had a more deserving target for his criticism than Democrats and regulations: a demand to "get our fiscal act in order" before the election and before automatic tax increases take effect next year. The Simpson-Bowles plan "is a road map which I like," he said, and the important thing is "getting so...
If Dimon is the senators' best friend, as their fawning suggests, perhaps they'll take this advice seriously.
Islamic Republic will not yield to international pressure to abandon its nuclear course, says Iran's Supreme Leader.
TEHRAN - Iran's Supreme Leader Ayatollah Ali Khamenei said Friday that Iran would support any nation that wants to confront Israel. "I have no fear of saying that we will back and help any nation or group that wants to confront and fight against the Zionist regime (Israel)," he said.
He also stated that the Islamic Republic would not yield to international pressure to abandon its nuclear course, threatening retaliation for sanctions aimed at Iran's oil exports.
Khamenei's defiant speech to mark the anniversary of the 1979 Islamic Revolution was the first direct response to tighter sanctions imposed by the West in recent weeks to force Tehran to abandon a nuclear program it says has purely peaceful ends.
"Threatening Iran and attacking Iran will harm America ... Sanctions will not have any impact on our determination to continue our nuclear course ... In response to threats of oil embargo and war, we have our own threats to impose at the right time," Khamenei told worshipers in a speech broadcast live on state televisi...
Khamenei added that any US military strike against Iran would backfire and that the "painful and crippling" Western sanctions would only increase the resilience of Iran.
"Americans say all options are on the table even the option of military strike (against Iran)... Any military strike is ten times more harmful for America. Such threats show that they have no sufficient discourse against Iran's logic and discourse, he said."
His comments came a day after Israel’s top political and military leadership issued a series of warnings to the Islamic Republic in some of the most candid comments on the nuclear threat in years.
Barak’s threat was backed up earlier on Thursday by Vice Premier Moshe Ya’alon who said that Iran needed to be stopped “one way or another” and that a credible military threat needed to be on the table, a message also delivered by IDF Chief of Staff Lt.-Gen. Benny Gantz on Wednesday evening.
When the UK’s 15 licenses for fixed wireless broadband ended up in the hands of a single viable bidder in May last year, most European and UK operators shrugged and said so what?
Pacific Century Cyber Works bought 13 of 15 licenses auctioned in the UK last year, by bidding through differently named subsidiaries and later acquired the companies that held the other two, all for a total cost of about $14m.
Now the complete dominance of a UK 3.4 GHz frequencies by subsidiaries of Hong Kong telco owned Pacific Century Cyber Works is an established fact, and apart from operations in unlicensed frequencies and the fact that it may soon be possible to sell, swap and barter spare spectrum in the UK, PCCW is set to own all WiMA...
We say WiMAX class because initial intelligence on PCCW had it that its new Netvigator service will in fact use the IP Wireless UMTS TDD technology that is a data delivery extension of 3G. Talking to the previously reticent PCCW in the UK this week Faultline discovers that actually the company is a fan of WiMAX and wou...
And more than this it is also working with proprietary Navini equipment as well and has yet to choose between the two technologies for nationwide roll-out.
Navini has committed long term to deliver equipment that is WiMAX compatible and certified which means that it will be compatible with high volume Intel chipsets that are expected over the next few years, driving customer premises equipment down and down.
The Netvigator uses a 6 inch by 5 inch by 2 inch device with a self contained aerial to pick up the broadband wireless signal, which effectively means that it is already portable, though not fully mobile. In order to offer a mobile service it would need handoff between base stations, which won’t be supported, as Berrim...
Vodafone has made noises about crying foul if mobility is ever implemented having paid billions of pounds for its 3G licenses. Berriman, although he doesn’t say that he is planning a mobile service, makes it clear PCCW can go that way if it chooses.
In fact there remains a lot undecided about the service. Berriman says that there are lots of different roll out plans and when PCCW has collected all the evidence it will begin choosing between them, whether or not it becomes a rural service, if London and the South East is rolled out first, or if it goes nationwide i...
The impression he gives though it that all the decisions can be made this year and the service rolled out in very short order, perhaps a matter of a few months.
PCCW bought some UK sites from the bankrupt international wireless broadband supplier Inquam, from its administrator as part of that site acquisition strategy for mounting base stations.
“Sales of the Netvigator service are made over the internet, through telephone sales and by shopping mall demonstrations and the customers just buy the box take it home and it works.
“We promise they will be up and running within 24 hours of ordering,” said Berriman. In the UK broadband providers have been in the habit of weeks, if not months of delay for each home to go live. So are the famous television services that are delivered by PCCW in Hong Kong, where it is a wireline incumbent, going to b...
In fact much of what the operator offers in Hong Kong is IP multicast through DSL, with some video file downloads and a small amount of streamed on demand video using the Microsoft VC 9 codec configured to stream over 800 kilobits per second. But it has developed several hundred thousand customers on its IP TV services...
One thing that is certain to come out of the Netvigator service is a Voice over IP service. Berriman says that it wants to eventually bundle the VoIP technology into the Netvigator set top, but initially PCCW will just buy add-on phone technology available in the market place. “It’s not a question of if you do VoIP ove...
“We will set it up with various gateway services to PSTN and to cellular and for that there will be a delivery charge, but we expect to roll out VoIP when we roll out the nationwide service,” said Berriman, which he concedes might be as soon as the first quarter of 2005.
HAVE you ever, against your better judgement, nurtured a belief in the paranormal? Or do you believe that gifted rock singers are more likely to die at the age of 27? Maybe you just have the sneaking suspicion that you are smarter, funnier and more attractive than the next person.
If you buy into any of these beliefs, you are probably suffering from confirmation bias – the mind’s tendency to pick and choose information to support our preconceptions, while ignoring a wealth of evidence to the contrary. Consider the idea that rock stars die at 27 – a fallacy that crops up time and again in the med...
The confirmation bias is just one of a truckload of flaws in our thinking that psychologists have steadily documented over the past few decades. Indeed, everything from your choice of cellphone to your political agenda is probably clouded by several kinds of fuzzy logic that sway the way you weigh up evidence and come ...
Why did we evolve such an apparently flawed instrument? Our irrational nature is very difficult to explain if you maintain that human intelligence evolved to solve complex problems, where clear, logical thought should offer the advantage. As such, it has remained something of a puzzle.
The Bold and the Beautiful spoilers tease a tense week ahead as Forrester family heads to Monte Carlo. Quinn plans to surprise Eric for a night of passion. Wyatt worries about his marriage after learning how big of an influence Liam has over his wife. Ridge decides to do the right thing and end his relationship with Ca...
The Bold and the Beautiful spoilers tease that Liam will give Eric an earful about how Quinn ruined his life and destroyed his chances of reuniting with Steffy. Eric explained that it is scary to know that one person can have so much power of your life. After hearing how Quinn devastated Liam’s life, Eric sends Quinn a...
The Bold and the Beautiful promo video shows Deacon warning Quinn it is not a good idea to surprise Eric in Monte Carlo. He tells her to stay in Los Angeles and wait for Eric to return to talk to him. It’s not a surprise that Quinn refuses his advice and says she knows exactly what she is doing. Apparently, Quinn runs ...
The Bold and the Beautiful spoilers indicate that Wyatt starts to suspect that Liam may have some sort of influence over Steffy. He begins to see how Liam manipulates his wife while in Monte Carlo and makes a difficult choice. Is it possible he accepts that Liam and Steffy belong together? It isn’t likely, but we’ll ha...
Soap Central reports that Katie has accepted that her marriage is over. She no longer begs Bill to love her and to pick her over Brooke. On Friday, Bill decided to “allow” her to have her son, Will, back after he took him without her permission. The Bold and the Beautiful spoilers indicate that Katie wants more than cu...
Soap Opera Digest reports that Ridge will come to a decision and decide to end his marriage with Caroline. He comes to the conclusion that his wife is really in love with Thomas (his son) and it would be best if they raised Douglas together. He decides that he loves Caroline enough to step away and allow her to explore...
The Bold and the Beautiful spoilers tease that Ridge will be forced to deal with the fact that he lost his wife and the child he loved as his own to his (adult) son and control of the Forrester family business. Ridge will struggle to deal with his emotions, and will drown his sorrows in work.
While in Monte Carlo, Wyatt is shocked when Steffy makes a startling confession to Liam. The Bold and the Beautiful spoilers tease that Liam will make a bold move as a last ditch effort to get Steffy to come back to him. What does Wyatt overhear Steffy admit to Liam? Keep watching the Bold and the Beautiful to find out...
The Bold and the Beautiful spoilers tease that Steffy will come very close to discovering Eric’s relationship with Quinn. It looks like a cat fight between Steffy and Quinn may happen over the next few weeks. Stick with the Inquisitr for more the Bold and the Beautiful spoilers, news, and casting updates.
Who’s fairest of them all?
Shwa's never seen so many social media influencers under one roof competing over who takes better selfies.
Shwa is puzzled as to how a costume designer can always look like something the cat spat out.
Where was the party? Looked more like a business seminar. No vibe.
Which Old Small Truck Was The Best Small Truck?
Small trucks are good, because they are both trucks (1) and small (2). But which one was the most good?
Sadly the auto industry does not continue to supply us with small trucks to buy, mostly because we prefer to buy trucks that are not small.
So we must now nostalgize ourselves with the memories of past small trucks. Which one was your favorite?
How Hard Is A Nissan Hardbody, Anyway?
What Happened To Mini Trucks?
More details surrounding a massive change to benefits assessments have been revealed by the Department for Work and Pensions (DWP).
In a keynote speech earlier this month, Work and Pensions Secretary Amber Rudd announced that a number of different disability benefit assessments would be combined.
It would mean that assessment processes for Personal Independence Payment (PIP), Employment and Support Allowance and Universal Credit would all be merged into an integrated service.
Our sister title NorthWalesLive approached the DWP to find out what the change will mean for people on benefits and you can read their report below.
Ms Rudd said she wanted to "change the landscape" for disabled people in Britain, who she said should not feel as though they are being "put on trial" for claiming state benefits.
The announcement, which was part of a series of changes proposed by the government, has received criticism from some who believe it will make the process more complicated for disabled people.
It was also announced that Maximus, the private company responsible for fit-for-work tests, has had its contract extended by more than a year - another move that has been criticised for its high costs.
This is what NorthWalesLive found out.
Why is the move controversial?
Ms Rudd's proposals recieved a mixed reaction with not everybody supporting her attempt at reforming the system.
Alex Tiffin, who runs the blog Universal Credit Suffer, criticised the move earlier this week - branding the assessment integration as a "risk" rather than a "remedy."
He explained that combing assessments would "serve only to make the process more complicated," by requiring a bigger set of criteria - than their already is - for assessors to investigate.
He also suggested it could mean that both ESA and PIP benefits are "wiped out in one foul swoop" for some disabled claimants - as it would be all or nothing.
Mr Tiffin, who says he speaks from experience with the assessments, also noted that the loss of these benefits could even be in error, as a reported 72% of PIP appeals end in the recipient's favour - suggesting that mistakes by the private companies conducting the assessments isn't unheard of.
The benefit advocate further argued that outsourcing the contract, as is currently the norm with disability benefit assessments, would also be problematic - especially when "inequality has never been so high" and "people are dying waiting for benefit decisions".
His claim comes after Channel 4 revealed that a contract for the integrated assessment has been proposed - reportedly worth an estimated £3million.
If approved, this will be the largest single contract related to welfare reform since 2012 - when several companies including Atos and Maximus received seven figure sums to assist the DWP.
What has the DWP said?
A spokesperson for the department explained that since Ms Rudd's announcement there's been confusion over the reforms.
They said that "our priority is to significantly improve how we support disabled people. Integrating the service that delivers PIP assessments and Work Capability Assessments will improve the assessment process for millions of people claiming health-related benefits".
It will involve the development of a single in-house computer system that would share data to reduce the need for recipients to submit information multiple times.
This college president found an error in the College Scorecard. So why did it take 5 months to fix?
Last summer, Marc Jerome, president of Monroe College in New York, noticed something peculiar about the way the Education Department tracked student loan repayment rates. The measure of students who repaid at least a dollar toward their principal balance is a critical component of an employment regulation, a debt forgi...
It mattered to Jerome, in part, because the private for-profit college that he runs is subject to all three, and he had been advocating on repayment rates since 2014. And though the Scorecard more than doubled the repayment rates at Monroe, he alerted education officials.
That was August. This month, the Education Department said it corrected a “coding error” in the Scorecard that undercounted people who did not pay down the balance on their undergraduate student loans. As a result, the repayment rates for most colleges and universities were inflated.
“After discovering the coding error, the department worked to get accurate, refreshed data out as soon as possible, not waiting until the next annual Scorecard update to do so,” said Lynn Mahaffie, a senior official in the Education Department, in statement identifying the mistake.
Jerome said he found that statement a bit incredulous, considering that he told the agency something was up with the data months earlier. In a letter to the department reviewed by The Washington Post, the college president questions whether the Scorecard data are accurate, citing research to the contrary from the Brook...
The letter was submitted as a comment in response to the proposed overhaul of borrower defense to repayment, a statute that wipes away federal loans if a school used illegal or deceptive tactics to persuade students to borrow money for college. One of the requirements of the proposed rule called on for-profit colleges ...
“There’s a counterintuitive anomaly with the data that needs closer inspection and verification by the Department before it implements penalties associated with a five-year repayment rate,” Jerome wrote, in a comment letter dated Aug. 1. He said he followed up with the department in October to no avail. When the final ...
Education Department officials declined to comment for this article.
Some say the error speaks to the growing pains of the Obama administration’s college search tool. The Scorecard is an invaluable resource for families researching colleges and loan repayment rates, according to the department, are an important measure of quality. But for months, anyone comparing schools got a distorted...
Robert Kelchen, an assistant professor of higher education at Seton Hall University, found a roughly 20-point decline in the overall national repayment rate three years out, a 14 percent drop at the five-year mark and a 9 percent decline seven years out.
In announcing the error, Mahaffie, at the Education Department, said the agency has added a number of quality assurances and reran some of its prior tests to ensure the new rates are correct.
if i place them in single channel mode, it will recognize the 2 sticks in dimm1/3 or dimm2/4.
so im a little stumped as to what could be the problem besides having picky ram vendors list or could it be something else?
Last edited by Koba; 05-28-2011 at 10:14 AM.
1st thing that jumps out of my head is are you mixing the ram? slot 1-2 should be from same mfg. same for 3-4. 2nd thing is the memory timing is probably off, the g.skill in mine is 5-5-5-15. the adata is probably not the same. 3rd thing is memory voltage, both mfg. may not use the same. auto on the voltage may not wor...
Thanks to the persistence of some Palo Alto teachers, future kindergartners may be at least three months older than the youngest ones who started school this fall.
A bill introduced by state Sen. Joe Simitian, D-Palo Alto, and approved Tuesday by the Legislature would increase the minimum age of the state’s kindergartners if signed into law by the governor.

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