On Sunday I'm off to Honolulu to meet a hard-money maniac who took his ideas about this (image below) to the extreme, founded a private currency, ticked off the US Treasury and is now facing federal charges. Should be educational, to say the least.
Thursday, September 16, 2010
You were right to be suspicious of the University of Phoenix and its ilk.
When I wrote about diploma mills for Wired last winter, many people encouraged me to scrutinize for-profit colleges and universities. But because of the scope of my story about physics professor George Gollin and his battle against obviously fraudulent operations, in which "students" merely pay for their "degrees," I had to steer clear of the issue of for-profit operations.
Now the Government Accountability Office has started looking closely at these institutions. I've pasted below the summary of the report, released last month. It isn't exactly glowing. "
For-Profit Colleges: Undercover Testing Finds Colleges Encouraged Fraud and Engaged in Deceptive and Questionable Marketing Practices GAO-10-948T August 4, 2010
Posted by David Wolman at 11:08 AM
Sunday, September 5, 2010
What I like about the ATM inside of the pathetic wooden box on a street near my house is that it showcases the absurdity of the cash system and infrastructure we are so accustomed to that most of us don't bother thinking critically about it. Cash is like manhole covers or toenail clippers: tools that don't inspire much re-imagining because they pretty much are what they are.
But money is a technology that has undergone upgrades before, and the people I've been talking to for this book say that it's overdue for another one. Just look at this machine and picture the backend logistics required to stock, secure and maintain it. Does that inspire much confidence in the neighborhood, let alone the country, currency and economy? True, it's not Somaliland Shillings we're talking about, but surely this can't be the pinnacle of efficiency.
Posted by David Wolman at 10:05 PM