
This was way too cute not to publish!
From this website.
...among other things...
I strongly agree with most of what Professor Graham says. The only thing I would comment on is the tone of the note on the regulators' perspective. It sounds like she would be in favor of a more "heavy-handed" approach. While I can understand in this environment that more regulation might seem good...I really disagree. I place the burden on the bankers and the borrowers. They are intelligent people. Bottom line is that, if you can't afford a monthly payment, don't borrow money. If you can't afford for someone to default on a high interest loan, don't lend them the money. People are ultimately responsible for their own actions. They need to recognize the affects on society as a whole...that is what being a responsible citizen is all about. But people do not need to be regulated into stupidity. Learn from your mistakes and move on.It's the dot com bubble, it's the '80s s&l crisis, it's what happens when people don't follow prudent lending and investment principles.
What we're seeing now in the subprime market is the result of poor credit underwriting standards. Bankers know better. Regulators know better. Even borrowers know better (if they can decipher the fine print). But when the economy is good and there are more dollars chasing loans than there are prime loans to be made, it's "Let the good times roll!"
From the lenders' perspective: After all, these subprime loans yield a higher interest rate in a banking world experiencing ever narrower interest-rate margins (the difference between the interest rate lenders pay for deposits and other funding sources and the interest rate they receive on loans). In a low-interest rate environment, many borrowers can and do make the monthly payments. Lenders are looking for new markets -- and here's a big one.
From the borrowers' perspective: The American dream is owning your own home. And it looks so easy when lenders are aggressively seeking out borrowers with "less than perfect credit". Many borrowers have gambled that rising home prices and low interest rates will continue. Few really take to heart what will happen if the loan reprices in two to three years.
From the regulators' perspective: Providing "guidance" should suffice. No one likes a heavy-handed regulator -- and there is competition for charters and Congressional oversight to consider. There's no immediate problem to address. The free market will sort this out. Should there be isolated issues, informal non-public measures avoid creating a generalized atmosphere of panic and possible adverse business consequences for a given lender or for all lenders -- and may avoid the extreme case: "runs" on a financial institution.

This begs an obvious question: What's wrong with being ordinary? A lot, if you live in a culture like ours that has turned "ordinary" into an epithet, a synonym for "mediocre." Then, the fear of being (or appearing) "ordinary" exceeds the fear of possible humiliation or any other repercussions of inappropriate disclosure. [...]
Turning "ordinary" into an epithet requires forgetting (or denying) that "ordinary" is the stuff that real life is made of. "Ordinary" comes from the Latin ordinarius meaning "customary, regular, usual, orderly." How we handle the ordinary — and not how many people know who we are — is the standard against which we should measure our lives. It, and not some fleeting (or even not-so-fleeting) attention, is what gives our lives significance. (For the Christian, it's what Jesus meant when He said, "He who is faithful in a very little is faithful also in much.") [...]
I have a better idea: We should strive to experience what G.K. Chesterton called "the ecstasy of being ordinary." While Chesterton admired extraordinary men like St. Francis of Assisi, he also gave the "social scruples and conventional conditions that are normal and even noble in ordinary men" that hold "decent societies together" their due. In fact, it was because he appreciated "ordinary men" that he could make sense of the extraordinary ones. Likewise, "Chesterton could be made happy by the sudden yellowness of a dandelion." He took "fierce pleasure in things being themselves," whether it was the "wetness of water," "fieriness of fire" or the "steeliness of steel." As David Fagerberg of Notre Dame wrote, for Chesterton, "on every encounter, at every turn, with every person, there is cause for happiness.... We have been given a world crammed with a million means to beatitude." In other words, our "ordinariness" contains everything that is necessary to be content. That's part of St. Paul meant when he wrote "I have learned in whatever situation I am to be content." He could see those "millions means of beatitude" and understood that on some days you inadvertently turn the world upside-down and on other days you make tents. Ultimately, what matters is to live admirably, not be admired.
Poems
By Sofia Memon
Poems are where you are not;
where I examine the light
in the leaves or
the Yogi teabag wisdom
to my heart’s content without
ever turning my attention
outward.
Poems are where alchemy is
unquestioned and love unrationed,
where the soldiers in wars started
by misers find themselves suddenly
in prayer shawls
ill-fitting or not,
over still muddy combat boots
feeling a sudden and surprising
calm spread over their faces,
involuntary and embarrassing
like incontinence.
Poems promise everything
you’ve grown out of will be
returned to you
washed out, dried on the line
scented in lavender
if only you’d give up and give in
give away even the
lint from your pockets and
start again and again
and again every morning.
Poems are fearless when they
can afford to be,
say everything we could not
make the elegant argument
that, lacking citation
and polemic
is nonetheless persuasive;
maybe because poems, like
mirrors demand that
we approach with hands folded
awareness that
we are asking for everything
we are not yet.
"But Ruth replied 'Don't urge me to leave you or to turn back from you. Where you go, I will go and where you stay I will stay. Your people will be my people and your God my God. Where you die I will die, and there I will be buried. May the Lord deal with me, be it ever so severely, if anything but death separates you and me.'"
In some blessed relationships, fidelity isn't an issue that even enters a conversation. In the case of my parents, and for many of my friends, I know that they have relationships where the temptation of unfaithfulness doesn't enter their home. And for my own part, I'm lucky enough to be one of those people who -- when I'm in a relationship with someone -- sees no appeal in any other member of the opposite sex.
Yet I've learned over the years that I am one of the lucky ones. Many single men and women of faith don't have it that easy, even in the context of a serious and responsible dating relationship. In the modern office of expansive social atmospheres and younger workforces, the likelihood is extremely high that you will eventually work with or deal with someone on a regular basis who you find appealing. You may even end up spending more time with that person, due to the demands of work, than you do with your girlfriend or boyfriend or fiancee -- the person you love and intend to marry.
This can lead to bad situations. Oftentimes, the person on the outside doesn't know about this growing office relationship, and for many single people, it's easy to give in to the temptation to cross the line into flirtation and more. The excuses: It's just talking at work, it's just drinks afterward, it's just fun, after all.
Except that it isn't a game; it's playing with wildfire. Before long, you may find yourself in a situation where, without ever making a conscious decision, you've slipped into infidelity. You've been unfaithful to the person you are dating or courting, in thought or in deed. In selfishness, intentional or not, you've hurt and possibly destroyed a loving relationship.
I've been on the other side of this kind of relationship, and felt the painful ramifications more than once. I've never been shellshocked, but the overwhelming hurt, nausea, and directionless feelings must come close.
When secular advisors talk about relationships, everything comes down to "feelings." How does the person make you feel? Do you feel happy? Does flirting or carrying on with someone else make you feel happier? You should be honest about your feelings.
There's an element of truth to that -- honesty is a good thing -- but it misses the big picture. Love isn't just about moment-by-moment feelings. If it was, our human love would be as fickle as a middle school crush.
Ruth's pledge of fidelity to Naomi, often used by brides and grooms in pledging fidelity to one another during wedding ceremonies, is one of consequence. Did Ruth really intend to love her husband every moment of every day, without ever being unhappy with him? Of course not -- she committed herself to loving him, and being faithful to him, even when he forgot to take out the trash or hogged the remote, even when the Senior VP started asking her out to long lunches at nice restaurants. She committed to love with the entirety of herself -- promising that not just her heart, but her mind, her lips, and her very being would remain faithful.
True faithfulness endures in spite of temptation. True faithfulness exercises self-control, to the point of avoiding an area of danger as a recovering alcoholic avoids a bar. True faithfulness, in the context of Christ and the Church, is loving and sacrificial -- even to the point of death.
Be careful how you act toward members of the opposite sex. Don't let yourself fall into temptation. And if you do, be honest about it -- repent, ask forgiveness, and flee from sin. And if you are on the other side of this: don't let yourself become bitter. Christ loved the Church even when there was nothing intrinsic about the Church to inspire such boundless love, and we are called to do no less.
In colloquial usage, a fractal is a shape that is recursively constructed or self-similar, that is, a shape that appears similar at all scales of magnification and is therefore often referred to as "infinitely complex."Alas, upon reading the Wikipedia entry, I was reminded of those dreaded days of Geometry way back in high school, most of which I slept through! Nonetheless, here is what I picked-up: a very cool graphic! The explanation behind it aside, all I have to say is "oooooo, coooool!"

The surface of a mountain can be modeled on a computer by using a fractal: Start with a triangle in 3D space and connect the central points of each side by line segments, resulting in 4 triangles. The central points are then randomly moved up or down, within a defined range. The procedure is repeated, decreasing at each iteration the range by half. The recursive nature of the algorithm guarantees that the whole is statistically similar to each detail.
Television and movies compound the problem [lack of motivation to get married by The Twenty Somethings], portraying marriage as boring, enslaving, difficult and dreary. No wonder our generation is marriage-resistant. When Michael realizes marrying his girlfriend and establishing a home with her is inevitable, he says, "This is it. This is the end." Media fairly screams: "Marriage isn't worth it. Why bother?"However, from her point and view and my own, marriage is something to strive for and be proud of. It is far, far from being culturally insignificant, and even in the toughest time, it represents some of the best things God has given us.

What particularly interested me were the efforts made by the Thai government to suppress the book, including sending representatives to meet with President George Bush, with Yale University's president, and (apparently) with the director of Yale University Press. Extraordinary, particularly for a book from a university press. The press did push back the publication date (so that it would not coincide with the sixtieth anniversary of the monarch's ascension) and also permitted, apparently, Thai officials to comment on the manuscript before it was published. Both reasonable, though I should imagine, unusal concessions. (Also, I should emphasize that I am in no position at all to evaluate the merits of Handley's thesis.)
Not surprisingly, the publicity surrounding the attempt to supress its publication (and its banning in Thailand) has led to a lot of sales. This afternoon it was ranked #259 on Amazon--an astonishingly good performance for a university press book. Exciting times at YUP, no doubt, even if the king is not smiling....The following is an excerpt from “Dealing with Depression”. This particular post I find personally relevant, but the other four on the website are equally as good.
Here is the excerpt:
Raining Inside
Just four months ago, I was able to purchase my first solo home at the ripe age of 29. The first two months were great; I spent most of my time unpacking and setting the house up the way I wanted it. But I eventually finished unpacking and there was nothing left to do but be there … alone.
Then my only sister and I got into an argument, and she quit speaking to me. This led to a fallout with my parents, and I was left with no one to talk to. As the depression started to sink in, I decided to drive to my parents' house to talk things over—only to discover they'd invited the family over for dinner but had failed to invite me.
That night, I drove all over the city, crying my eyes out and letting the depression set in deeper. When I got home, I didn't want to leave. The next Sunday, I didn't even set my alarm so I'd get up for church. The following week, all I did was come home from work, sit on my bed, and cry. Soon after, I couldn't even get out of bed. It seemed no one cared about me.
Then a line from an old Amy Grant song popped into my head: "I'm raining on the inside." That's what I was doing. I hadn't heard that song in more than 15 years, but God brought every word to mind. As I lay in bed singing this song out loud, the Lord met me. He reminded me I'm his child, and that if I looked to him, he would take care of me. I got out of bed and was able to make things right with my sister and parents. And I attended church the next morning. I promised God I'd never again let anything get in the way of honoring him.
In the days following my return to church, I heard from a friend I hadn't talked with in a long time. She needed some part-time work done and wanted to know if I was interested in helping her. She had no idea what I'd been through the previous weeks, but God did. He knew I'd probably face loneliness again, but he sent her to rescue me.
I've since finished the part-time work, but I'm not lonely or depressed. I know I might get depressed again in the future, but I also know God is right beside me no matter what.
-Becky
And then live by it.
I’ve formed a strengthened character outside their box
Can’t you see it, or do you crave their world?
Other losses, much the same.
I never claimed to tread the skies with the angels,
But I’ll give you the world inside my heart.
When the thing that saved you before was wrong.
It is the fear of all that could be that makes us run,
Because we know exactly what we could loose.
But this time I’ll stay.
Not because I’m stronger or better in anyway,
But for you.














He will not always accuse, nor will He harbor His anger forever;
He does not treat us as our sins deserve or repay us according to our iniquities.
For as high as the heavens are above the earth, so great is His love for those who fear Him;
as far as the east is from the west, so far has he removed our transgressions from us.

"The [Massachusetts] state pharmacy board ordered Wal-Mart on Tuesday to stock emergency contraception pills at its stores in Massachusetts.
"Massachusetts becomes second state to require the world's largest retailer to carry the morning-after pill.
A Wal-Mart spokesman said... "Clearly women's health is a high priority for Wal-Mart," spokesman Dan Fogleman said. "We are actively thinking through the issue."
My Personal Thoughts: Since when has the morning after pill or any of its successors had much to do with women's health? A woman is not diseased if she is pregnant, though many feminists seem to think so. I understand, though I do not agree with, the argument about abortions for women who are raped or who might die during the birth process. However, if a woman has been raped or is facing pregnancy complications, she should be in a hospital getting proper medical attention, not in Wal-Mart buying drugs. Therefore, the only woman likely, I would think, to be the intended consumer of such a product would be the woman who thinks she might have messed up with her birth control and just wants to make sure...
But then again, maybe this is a health issue...a mental health issue. Women need to stop seeing their bodies as objects to use for their own satisfaction. Women who feel entitled to have sex out of wedlock and who feel justified in using various contraception methods and abortion if necessary to maintain some plastic notion of freedom...these women are simply insane.
Set aside the notion that there is some form of freedom in wordly views. Women are not free when they can kill their babies and have sex with men who are neither in love with nor committed to them. Freedom can only be found when you stop following the dictates of a blind society and start following the truth that is written in your heart.
He is the one who really understood what was at stake in their romance. It wasn't an arrangement designed to be temporary or merely preparatory for something else. He saw, and felt in his heart of hearts, the profound spiritual implications of his intimacy with Cindy. It was a sacrifice of himself to her that required incredible trust. He willingly blended his identity with hers;James was heartbroken when Cindy broke-up with him. She wasn't. She moved on. He struggled. I can't say how long any one person struggles or not with such a problem, but it is a tough road for the person who really knows what dating and courtship and emotional intimacy bring.
This paper assesses national and international responses to tax challenges presented by cross-border electronic commerce. Almost ten years after these challenges were first identified, a survey of national government reactions shows that many countries have not passed any significant tax legislation or administrative guidance with respect to the taxation of global e-commerce. This lack of action at the national level can be explained in large part by the leadership role taken by the Organization for Economic Cooperation and Development (OECD) in developing the guiding principles and, subsequently, the tax rules to confront the e-commerce tax challenges. The OECD’s general success with e-commerce tax reform demonstrates the potential of the OECD to act as a kind of informal (lower case) world tax organization, which emphasizes deliberation, consensus-building and the use of non-binding mechanisms such as the OECD model tax treaty. Moreover, the OECD’s success suggests that calls for a more formal (upper-case) World Tax Organization, which could impose binding tax rules on participating nations, may be misplaced.
....Looking at the webcounter he's installed to see how many times you've checked your grades, and laughing....All law student's know how true that seems!!
I grew up in Sunday schoolLiving in a modern world, it is sometimes hard to remember that Christ really did live those words written in the bible. He cast out demons, raised the dead, walked on water, and most important, took the sin of the world with him on the cross and conquered death for us. The significance of that is hard to grasp until you really dig into scripture and see how we are suppose to live. However, the first step is to realize that those stale words on the page won't mean anything to us individually until we apply them to our lives.
I memorized the Golden rule
And how Jesus came to set the sinner free
I know the story inside out
I can tell you all about
The path that led Him up to Calvary
But ask me why He loves me
And I don't know what to say
But I'll never be the same
Because he changed my life when He became...
Everything to me
He's more than a story
more than words on a page of history
He's the air that I breath
The water I thirst for
And the ground beneath my feet
He's everything, everything to me
You probably know the story of Simon Peter, a sometimes brash and confident fisherman, who denied Jesus just as the Lord predicted. When Peter realized his sin, he wept bitterly and went away into the darkness of misery. But that same Peter who had been outside the love of God and having denied Christ moved back into the arms of Christ because of forgiveness. He was renewed, restored, and recommissioned.
He went from that time of turmoil in his life to be ignited by the Holy Spirit on the Day of Pentecost and become the greatest preacher and Apostle of the first century. Why? Because Jesus said he was going to build His church on people, just like Simon Peter, who are frail, fragile, and often fall, but that also desire to wholeheartedly love, follow, obey, and live for Him.
It may be that in the days of this past year, you’ve found yourself living in denial of your faith at certain times. Maybe you’ve walked away from the love of God or found yourself distracted and unfocused when it comes to your relationship with Christ. Pray that Christ would bring you back into a spirit-filled relationship with Him and that He would reignite your heart on fire for Him.
In the coming year, commit yourself to the spiritual exercise of your soul. Build yourself up in Christ through faith, ground yourself in Jesus growing into spiritual maturity, and live fully in the love of God. Do you want to stay in the love of God during this coming year and those after? Then stay in the Word of God!
YOUR NEW YEAR’S RESOLUTION SHOULD BE TO BUILD YOUR SPIRITUAL LIFE UP EVERY DAY THROUGH FAITH IN CHRIST AND IN HIS HOLY WORD.