China axes two-thirds of popular television shows

supergirl

Chinese reality TV show, Super Girl is an annual national singing contest produced by Hunan Satellite Television.

On January 1st, an order to curb “excessive entertainment” on television came into force in China. In response, the number of scheduled entertainment programs has dipped sharply from 126 a week to just 38, according to Xinhua, the state news agency.

Loud TV commercials will soon be a thing of the past

Why-are-TV-commercials-so-loud

Those annoying ultra-loud TV commercials will soon be a thing of the past.

Today, the Federal Communications Commission is expected to pass regulations requiring broadcasters and cable and satellite TV systems to maintain constant volume levels. The order will go into effect one year from today.   The order “says commercials must have the same average volume as the programs they accompany,” says FCC Chairman Julius Genachowski.

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Crowdfunding bill to allow startups to fundraise online

crowdfunding

The new bill will make it easier for entrepreneurs to raise capital and create jobs.

Have the Republicans and Democrats may finally agree on something?  They have agreed that  small business owners and entrepreneurs need better and more plentiful opportunities to gain access to capital, grow their businesses, and create more jobs.

 

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Bailout for Federal Housing Authority inevitable

fha bailout

FHA bailout looming.

With the government’s explicit guarantee of mortgages a bailout appears to be inevitable for the Federal Housing Authority. This should not be surprising news to anyone who follows the mortgage market closely, but a new study by Wharton finance professor Joseph Gyourko makes this conclusion clearer. As a bailout for the FHA looms, Congress will likely become enraged again — on behalf of the taxpayers they represent. What impact would an FHA bailout have on the housing finance policy debate?

 

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Denver ‘very stong candidate’ for new satellite patent office

Denver-546

Denver, Colorado

Under a bill signed by President Barack Obama in September, Denver is a “very strong candidate” for a new satellite patent office. John Bryson, the newly confirmed secretary of the U.S. Department of Commerce, announced the news Wednesday during a Colorado visit.

 

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Promise of 5 million green jobs falls short

green-jobs

The program was supposed to train 125,000 workers, but only 53,000 have been “trained” so far.

The story of the green jobs subisdy gets more embarrassing by the day. President Obama promised three years ago that by the end of the decade America would have five million green jobs, but so far some $90 billion in government spending has delivered very few.

 

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Student loan defaults continue to grow and the worst is yet to come

graduates

The student loan default rate for fiscal 2009 surged to 8.8%, up from 7% in 2008.

Two years ago critics warned that government-backed student loan defaults would rise.  The question was how soon would taxpayers feel the pain.  This month, the U.S. Department of Education provided part of the answer when it reported that the default rate for fiscal 2009 surged to 8.8%, up from 7% in 2008.

 

Continue reading… “Student loan defaults continue to grow and the worst is yet to come”

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