consumer financial protection bureau

Headless paper tiger
Republicans block the U.S.consumer financial protection bureau

New York - you should be the core of financial reform. They should do away with teaser offers and other debt traps. You should create the basis for a competition that is not only free but also fair. But entitlement and reality separates the ideological gap that pervades American politics.

Wanted to call the new independent consumer financial protection bureau that President Barack Obama comes to life, not to resume work. For months, Republicans in the Senate to use its blocking minority to prevent the appointment of Richard Cordray, who will conduct at the request of the Government's Consumer Financial Protection Bureau (CFPB). On Thursday, stopped the opposition to the recent attempt by the Democrats to break the blockade. Without a boss, the authority may not impose regulations. She is powerless - and is torn ever deeper into the beginning of the campaign.

This Cordray, who has established himself as Attorney General of Ohio, a name is itself a compromise candidate. Actually, the Harvard professor Elizabeth Warren, the lead agency. The consumer financial protection bureau was her idea. But since Warren has an icon of the Left and thus a hate figure of the right, saw Obama on her nomination. Now the president must recognize that the Republicans are not about people went, but the principle.

For the opposition, the Bureau expressed that consumer activist style of government, they have made a major point of criticism of the government. The authority violates fundamental democratic principles, they complain, because they deprive themselves of control through Congress and get their budget from the central bank. Their powers are also so broad that it could destabilize the entire financial system.

Obama drives the attitude of refusal to despair: 'Does anybody that too much control over real estate finance and debt collectors have led us into the financial crisis?', He is angry. For the president and the Democrats is the consumer financial protection bureau, perhaps the most important lesson from the Great Crash of 2008. The bad loans that led the global financial system to the brink of collapse, spread beyond the powers of scrutiny of the existing supervisory authorities. Loan sharks who operated outside the regulated banking system, chattering families on overpriced loans and nurtured so that the debt bubble that America brought the deepest postwar recession. The consumer financial protection bureau to illuminate this shadowy realm and throw hard and fast rules.

After re-vote defeat in the Senate, the Democrats, the Republicans from liberal states want more than ever under pressure. With targeted campaigns to the Senators are caricatured as a lackey of Wall Street. But the strategy has little chance of success. The interest in an agreement disappears. Both sides realized that the dispute is ideal as a campaign issue. The Republicans can denounce the government of regulations. And the Democrats can attack an opposition, which refused the recognition that free markets need fair rules.

Obama determined without Senate
U.S. consumer advocates can start right now

New York - Six months was the blockade, now it is broken: Against the fierce resistance from the opposition Republicans, President Barack Obama on Wednesday, former Attorney General of Ohio, Richard Cordray, was appointed to head the new consumer protection agency. The so-called Consumer Financial Protection Bureau is at the heart of U.S. financial reform, but it was in the past few months, condemned to inaction, because first of its statutes demanded the appointment of a chairman.

Obama originally wanted the summer lift Cordray took office. But the Republicans use their blocking minority in the Senate. You see in the consumer financial protection bureau a bureaucratic monster that prevents innovation and strangle the flow of credit. Now it gave the president: He made use of his right to appoint top officials personally, as long as the Congress is not in session. The Republicans, who wanted to prevent this maneuver with procedural tricks foamed with rage: 'President Obama has circumvented the American people arrogantly', Mitch McConnell, leader of the opposition complained in the Senate. Cordray was supposed to be a compromise candidate. Initially it was envisaged that the Harvard professor Elizabeth Warren to head the agency. But Warren had made himself unpopular with scathing remarks for the Republicans, so Obama refrained from nominating her.

The president has high hopes of the new Authority. Nothing less than a reordering of the financial system, he hoped. Costs and risks, ought to be instantly recognizable to every American who takes a new mortgage or applying for a credit card. Treaty texts should be written in simple terms. Of them could now be no question. Only experts could understand the paragraph. Among the first tasks will include Cordray compete to set uniform rules to level the playing field of the market in which banks, credit card companies and mortgage companies. The best products will prevail - not the most refined by a consumer financial protection bureau. In league with the Republicans had also Wall Street bucked the authority. The banks are afraid for their profit margins in the consumer business.

cinema and DVD recommendations

A leading producer of TV program information and largest German film
recommendation community cooperate
TV program information from the offering of complementary pps moviepilot

Press the Program Service GmbH (pps), the leading producer and
provider of television program information in German-speaking
countries, cooperating with moviepilot, Germany's largest movie
recommendation community. As of now the film, cinema and DVD
recommendations and information will be added to moviepilot.de through
daily, editorially enhanced TV program information from pps. The new
service is already moviepilot.de via the online platform freely
available - and applied in parallel as a scalable and customizable
graphical "white label" solution. Pps and medium term moviepilot also
plan to integrate recommendation technology as a resident EPG solution
for digital devices such as set-top boxes, digital recorders or cell
phones.

Michael Medelin, head of sales and marketing at pps: "moviepilot
Through cooperation with our online, publishing and platform clients
completely new possibilities for their brand and customer loyalty
obtained by an interactive entertainment navigation reinforce the same
time, it is also its own editorial content. . offers, about their own
TV and film tips and reviews of editorial services to include in the
television and movie tips have a high value to the consumer, through
the personal movie recommendation, we add this classic resort, a new,
interactive dimension. "

Tobias Bauckhage, CEO of moviepilot GmbH in Berlin, "offers more than
500,000 monthly users moviepilot.de an amazingly easy and accurate
personal guidance through the seemingly vast range of films on TV, in
cinemas and on DVD - tailored to your personal movie taste of each
user through the. combination of program data from pps with the
recommendation functions of moviepilot our service not only provides
information about what's on TV, but what movie the user will like
best. The service is quality and everyday utility to the consumer a
unique and powerful asset to All services and entertainment-oriented
platforms. "

About pps

Press the Program Service GmbH (pps) is one of the leading publishing
services provider in Europe when it comes to TV program information
from the ministries, radio and internet. For nearly 20 years the name
pps for quality editorial content, advanced technology solutions and
the highest production reliability. For about 60 employees in the
editorial production, sales and marketing professionals as well as
specialists from the fields of IT, graphics and typesetting on
customer satisfaction and powerful support in the first place. pps a
subsidiary of dpa German Press Agency, one of the largest and most
respected news agencies in the world. For more information visit:
www.pps.de

About moviepilot

moviepilot.de is a movie recommendation community, can evaluate the
films and film fans will receive tips for their personal movie
theater, DVD and TV program. moviepilot today has over 500,000 users a
month and recorded since the launch in December 2007, greatly
increasing user numbers. The recommendation of moviepilot technology
was developed in collaboration with the Bauhaus University Weimar and
the Humboldt University of Berlin. The pilot movie GmbH based in
Berlin, among others, Stefan Glaenzer last.fm, co-founder of the
successful music recommendation platform support as a business angel.
Movie pilot plant at the beginning of 2009, also offers national in
English, French, Spanish and Polish.

German Telekom used fake consumer reviews

In order to simulate more busy in their own Internet shopping portal
that had the fake hundreds Telekom customer reviews. The agency text
"text Provider" was commissioned to create 1000 short reviews of
products online store. In this way, wanted to let you "upgrade" your
own website.

Telekom had fake reviews
The German Telekom made for in-house Internet shopping portal,
hundreds of customer reviews create a text Agency. This emerges from a
report of the mirror, there is an internal mail to the company
commissioned the "text Provider".

The customer would want to "add value" to be shopping portal and
prepare for this reason, 1000 80-180 words long texts can be. These
were then read under a variety of products "telecom shopping world."
Obviously they wanted to pretend that buyers are excited about the
articles of the online department store entertain. Dozens of authors
wrote so completely fictitious reviews of products, which they've
probably never seen before in their lives: Use the washing machine AEG
LAVAMAT 86 850 people wrote such as "I did not think that has changed
so much," a camera from Canon "Canon is here a great step succeeded"
and an ice machine from Krups "It was easy to play."

According to Spiegel, Deutsche Telekom announced the exact
instructions on how the reviews have to look at the end: "It will
create realistic product reviews that are written as real as possible
and of course," it says in the mail. For this writer pointed it at the
"slip into the role of the user [at]" to create as authentic as
possible reviews of all products. However, it is going "not primarily
about fake reviews". Instead, the authors should have "existing
reviews [the products] are based on the net."

A spokeswoman pointed to the telecom demand all the blame from
herself and her company. Even if the 'shopping world "part of"
t-online.de "However, these act independently of the Telekom. An
"overzealous service providers" have given the order to the agency
provider without the text of the main group was notified thereof.

The fake reviews are now gone from the website.

Algorithm recognizes online sarcasm

Jerusalem - a computer scientist at the Hebrew University of Jerusalem
have developed an algorithm that can detect the sarcasm in online
postings.

Using such a sarcasm detector might summaries of the researchers, or
their ranking customer reviews on websites such as Amazon are
improved. The SASI (Semi-supervised Algorithm for Sarcasm
Identification) actually works, has shown the team led by computer
science professor Ari Rappoport considering the online merchant. The
software could detect in an experiment with 77-percent accuracy
whether they are dealing in Amazon reviews with sarcastic sentences.
Given the often subtle nature of the sarcasm that is a remarkable
value.

Sarcasm on Amazon In the experiment were evaluated all records from a
total of 66,000 English Amazon customer reviews for 120 products from
SASI. To enable this, the Israeli researchers have relied on a
five-part scale for increasing sarcasm, and the values ​​one and two
are normal formulations. Initially selected sample sets of people were
classified on this scale.

Such a training set was created for the algorithm, extracted from the
word sequence patterns were to serve as a sarcastic note. So then the
66,000 reviews SASI has been studied in sarcastic terms.

One could just sarcasm detection on sites like Amazon have practical
benefits. /

To assess how accurate is the place to detect, then 15 human subjects
from a selection of 90 records have to assess the SASI has classified
as normal or sarcastic. With this basis of comparison, the computer
scientists came to the conclusion that their algorithm is correct in
more than three quarters of the cases. Personalization advantage

A sarcasm detection could Rappoport and his staff, according to sites
like Amazon just have practical benefits. Because many users would
find sarcastic reviews unhelpful. On the other hand, there would be
users who appreciate this style. Therefore, a sarcasm-detection could
be just for a personalized presentation of customer reviews of
advantage. On how easily could be the method by moving to other
languages ​​than English, the computer scientists, however, have made
any claims. The work, titled "ICWSM - A Great Catchy Name:
Semi-Supervised Recognition of Sarcastic Sentences in Product Reviews"
will be next week as part of the 4th International AAAI Conference on
Weblogs and Social Media presented next. Since the Amazon experiment,
the researchers have tested their sarcasm detection on Twitter.

compilation of consumer reviews

On this web site we are going to compile consumer reviews. Please be patient while we edit the articles.