Music Fans And The Internet Converge And Flourish

By Madison Lockwood

Virtually all established music artists maintain web sites – or their record company does it for them. Some use them as a personal connection for fans, by providing periodic blog entries. It’s a tool to sell a few CDs from past years, announce show dates and provide some connection for the fans. There are also hardcore fan sites, especially for veteran bands like the Rolling Stones and Aerosmith, who have assembled twenty five or thirty years worth of fans. True also for musicians who have been gone for a long time; you can find many sites for Elvis and others for ground breaking rockers like Eddie Cochran and Buddy Holly.

Many of the newer acts maintain web sites, but virtually all of the emerging musicians who are aggressive use multiple resources on the web. The biggest online phenomenon in the music business has been the emergence of MySpace and, to a lesser extent, other social networking sites such as Pandora and Pure Volume. For some bands, MySpace has supplanted the need for a personal website.

By the end of 2005 more than 600,000 bands were using MySpace to upload songs and videos, announce shows, promote albums and interact with fans. The reason? There are 50 million potential fans on MySpace, and many of them use the site to search for new music as well as established acts. MySpace has acted on the remarkable marriage of music, listeners and their web site by starting a record label.

[youtube]http://www.youtube.com/watch?v=3AtysynXE3U[/youtube]

Established acts like Nine Inch Nails and Madonna, Wheezer and Depeche Mode have previewed albums and videos on the site, prior to releasing them. MySpace Music is a prime convergence point for bands and fans. The lead singer for Dashboard Confessional believes that MySpace is what drove the band’s success, leading to their record contract.

What sets MySpace and similar sites such as Pure Volume apart from the web presence of established music powers like MTV.com and Rollingstone.com is the inclusiveness inherent in a social networking site. All artists are welcome on MySpace, from Christian rockers to death metal thrashers. Also important is the format: everything on the site is linked to something else. Click on a user’s image and you’re sent to a profile featuring pictures, blogs, personal interests and links to cyber pals and bands. Keep clicking and you’re sent to more profiles and search results.

The regional rock act Coppermine out of Brooklyn is an example of the promotional power of MySpace. Jonathan Buck, guitarist and lead singer of the group says his band’s profile on MySpace has drawn nearly 300,000 visitors. The band can instantly distribute messages and news to more than 115,000 MySpace users who have added Coppermine as a ‘friend’ on their profile. With that network in place, Coppermine no longer has to devote time and money to flooding radio stations with CDs or plastering concert posters around town.

Record labels understand that the Internet is the most effective promotional and communications device out there. Radio is more constrained; formats are fewer and the consolidation in the radio industry has reduced airplay to safe, established acts. When’s the last time you saw a video on MTV, or at least a complete one? The Internet and its social networking sites have become the source of choice for both music and music videos for millions of fans.

About the Author: Madison Lockwood is a customer relations associate, specializing in small business development, for Apollo Hosting. Apollo Hosting provides

website hosting

, ecommerce hosting, vps hosting, and web design services to a wide range of customers.

Source:

isnare.com

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Category:Food

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Category:Food

This is the category for food.

Refresh this list to see the latest articles.

  • 14 April 2017: Google blocks home device from responding to Burger King commercial
  • 1 January 2017: William Salice, creator of Kinder Surprise eggs, dies at 83
  • 3 December 2016: Chinese chef Peng Chang-kuei’s death announced
  • 5 October 2016: World Wildlife Fund: 75% of seafood species consumed in Singapore not caught sustainably
  • 14 September 2016: Scientists claim decrease in hotness of Bhut Jolokia
  • 17 October 2015: Police shut down Edmonton pizza restaurant for illegally delivering alcohol
  • 16 September 2015: Subway sandwich empire co-founder Fred DeLuca dies
  • 30 August 2013: UK beer, soft drinks delivery drivers vote to strike
  • 7 August 2013: Russian government homosexuality position leads to NYC Russian vodka boycott
  • 12 May 2013: Fifth Expo Gastronomía finishes in Caracas
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400 Survivors rescued from ferry disaster

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400 Survivors rescued from ferry disaster

Sunday, February 5, 2006

Over 400 survivors have been pulled from the water, along with 195 bodies, leaving approximately 800 still missing. Tensions are rising between the ferry owners and the families of the passengers, many of whom have been camping out on the dock since the accident. Many are complaining that they have been given very little information regarding the passengers. While details about the passengers are not available, information regarding condition aboard the ferry have been quickly spreading, including reports that there were not enough lifejackets and lifeboats for everyone, and that alarm systems were malfunctioning. The crew has also been accused of ignoring problems.

Witnesses are reporting that a fire started aboard the ferry approximately 90 minutes into the trip, possibly either on the deck where the vehicles were stored or in the engine room. It appears that the fire spread quickly and filled the ferry with smoke. While the crew appears to have contained the fire properly and the ferry most likely had a fire suppression system, excess water was not removed afterwards. This caused the ferry to become unstable as its center of gravity was no longer fixed. Rough winds were then able to knock the ship over in what is known as a Free Surface Effect.

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Stanford physicists print smallest-ever letters ‘SU’ at subatomic level of 1.5 nanometres tall

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Stanford physicists print smallest-ever letters ‘SU’ at subatomic level of 1.5 nanometres tall

Wednesday, February 4, 2009

A new historic physics record has been set by scientists for exceedingly small writing, opening a new door to computing‘s future. Stanford University physicists have claimed to have written the letters “SU” at sub-atomic size.

Graduate students Christopher Moon, Laila Mattos, Brian Foster and Gabriel Zeltzer, under the direction of assistant professor of physics Hari Manoharan, have produced the world’s smallest lettering, which is approximately 1.5 nanometres tall, using a molecular projector, called Scanning Tunneling Microscope (STM) to push individual carbon monoxide molecules on a copper or silver sheet surface, based on interference of electron energy states.

A nanometre (Greek: ?????, nanos, dwarf; ?????, metr?, count) is a unit of length in the metric system, equal to one billionth of a metre (i.e., 10-9 m or one millionth of a millimetre), and also equals ten Ångström, an internationally recognized non-SI unit of length. It is often associated with the field of nanotechnology.

“We miniaturised their size so drastically that we ended up with the smallest writing in history,” said Manoharan. “S” and “U,” the two letters in honor of their employer have been reduced so tiny in nanoimprint that if used to print out 32 volumes of an Encyclopedia, 2,000 times, the contents would easily fit on a pinhead.

In the world of downsizing, nanoscribes Manoharan and Moon have proven that information, if reduced in size smaller than an atom, can be stored in more compact form than previously thought. In computing jargon, small sizing results to greater speed and better computer data storage.

“Writing really small has a long history. We wondered: What are the limits? How far can you go? Because materials are made of atoms, it was always believed that if you continue scaling down, you’d end up at that fundamental limit. You’d hit a wall,” said Manoharan.

In writing the letters, the Stanford team utilized an electron‘s unique feature of “pinball table for electrons” — its ability to bounce between different quantum states. In the vibration-proof basement lab of Stanford’s Varian Physics Building, the physicists used a Scanning tunneling microscope in encoding the “S” and “U” within the patterns formed by the electron’s activity, called wave function, arranging carbon monoxide molecules in a very specific pattern on a copper or silver sheet surface.

“Imagine [the copper as] a very shallow pool of water into which we put some rocks [the carbon monoxide molecules]. The water waves scatter and interfere off the rocks, making well defined standing wave patterns,” Manoharan noted. If the “rocks” are placed just right, then the shapes of the waves will form any letters in the alphabet, the researchers said. They used the quantum properties of electrons, rather than photons, as their source of illumination.

According to the study, the atoms were ordered in a circular fashion, with a hole in the middle. A flow of electrons was thereafter fired at the copper support, which resulted into a ripple effect in between the existing atoms. These were pushed aside, and a holographic projection of the letters “SU” became visible in the space between them. “What we did is show that the atom is not the limit — that you can go below that,” Manoharan said.

“It’s difficult to properly express the size of their stacked S and U, but the equivalent would be 0.3 nanometres. This is sufficiently small that you could copy out the Encyclopaedia Britannica on the head of a pin not just once, but thousands of times over,” Manoharan and his nanohologram collaborator Christopher Moon explained.

The team has also shown the salient features of the holographic principle, a property of quantum gravity theories which resolves the black hole information paradox within string theory. They stacked “S” and the “U” – two layers, or pages, of information — within the hologram.

The team stressed their discovery was concentrating electrons in space, in essence, a wire, hoping such a structure could be used to wire together a super-fast quantum computer in the future. In essence, “these electron patterns can act as holograms, that pack information into subatomic spaces, which could one day lead to unlimited information storage,” the study states.

The “Conclusion” of the Stanford article goes as follows:

According to theory, a quantum state can encode any amount of information (at zero temperature), requiring only sufficiently high bandwidth and time in which to read it out. In practice, only recently has progress been made towards encoding several bits into the shapes of bosonic single-photon wave functions, which has applications in quantum key distribution. We have experimentally demonstrated that 35 bits can be permanently encoded into a time-independent fermionic state, and that two such states can be simultaneously prepared in the same area of space. We have simulated hundreds of stacked pairs of random 7 times 5-pixel arrays as well as various ideas for pathological bit patterns, and in every case the information was theoretically encodable. In all experimental attempts, extending down to the subatomic regime, the encoding was successful and the data were retrieved at 100% fidelity. We believe the limitations on bit size are approxlambda/4, but surprisingly the information density can be significantly boosted by using higher-energy electrons and stacking multiple pages holographically. Determining the full theoretical and practical limits of this technique—the trade-offs between information content (the number of pages and bits per page), contrast (the number of measurements required per bit to overcome noise), and the number of atoms in the hologram—will involve further work.Quantum holographic encoding in a two-dimensional electron gas, Christopher R. Moon, Laila S. Mattos, Brian K. Foster, Gabriel Zeltzer & Hari C. Manoharan

The team is not the first to design or print small letters, as attempts have been made since as early as 1960. In December 1959, Nobel Prize-winning physicist Richard Feynman, who delivered his now-legendary lecture entitled “There’s Plenty of Room at the Bottom,” promised new opportunities for those who “thought small.”

Feynman was an American physicist known for the path integral formulation of quantum mechanics, the theory of quantum electrodynamics and the physics of the superfluidity of supercooled liquid helium, as well as work in particle physics (he proposed the parton model).

Feynman offered two challenges at the annual meeting of the American Physical Society, held that year in Caltech, offering a $1000 prize to the first person to solve each of them. Both challenges involved nanotechnology, and the first prize was won by William McLellan, who solved the first. The first problem required someone to build a working electric motor that would fit inside a cube 1/64 inches on each side. McLellan achieved this feat by November 1960 with his 250-microgram 2000-rpm motor consisting of 13 separate parts.

In 1985, the prize for the second challenge was claimed by Stanford Tom Newman, who, working with electrical engineering professor Fabian Pease, used electron lithography. He wrote or engraved the first page of Charles Dickens’ A Tale of Two Cities, at the required scale, on the head of a pin, with a beam of electrons. The main problem he had before he could claim the prize was finding the text after he had written it; the head of the pin was a huge empty space compared with the text inscribed on it. Such small print could only be read with an electron microscope.

In 1989, however, Stanford lost its record, when Donald Eigler and Erhard Schweizer, scientists at IBM’s Almaden Research Center in San Jose were the first to position or manipulate 35 individual atoms of xenon one at a time to form the letters I, B and M using a STM. The atoms were pushed on the surface of the nickel to create letters 5nm tall.

In 1991, Japanese researchers managed to chisel 1.5 nm-tall characters onto a molybdenum disulphide crystal, using the same STM method. Hitachi, at that time, set the record for the smallest microscopic calligraphy ever designed. The Stanford effort failed to surpass the feat, but it, however, introduced a novel technique. Having equaled Hitachi’s record, the Stanford team went a step further. They used a holographic variation on the IBM technique, for instead of fixing the letters onto a support, the new method created them holographically.

In the scientific breakthrough, the Stanford team has now claimed they have written the smallest letters ever – assembled from subatomic-sized bits as small as 0.3 nanometers, or roughly one third of a billionth of a meter. The new super-mini letters created are 40 times smaller than the original effort and more than four times smaller than the IBM initials, states the paper Quantum holographic encoding in a two-dimensional electron gas, published online in the journal Nature Nanotechnology. The new sub-atomic size letters are around a third of the size of the atomic ones created by Eigler and Schweizer at IBM.

A subatomic particle is an elementary or composite particle smaller than an atom. Particle physics and nuclear physics are concerned with the study of these particles, their interactions, and non-atomic matter. Subatomic particles include the atomic constituents electrons, protons, and neutrons. Protons and neutrons are composite particles, consisting of quarks.

“Everyone can look around and see the growing amount of information we deal with on a daily basis. All that knowledge is out there. For society to move forward, we need a better way to process it, and store it more densely,” Manoharan said. “Although these projections are stable — they’ll last as long as none of the carbon dioxide molecules move — this technique is unlikely to revolutionize storage, as it’s currently a bit too challenging to determine and create the appropriate pattern of molecules to create a desired hologram,” the authors cautioned. Nevertheless, they suggest that “the practical limits of both the technique and the data density it enables merit further research.”

In 2000, it was Hari Manoharan, Christopher Lutz and Donald Eigler who first experimentally observed quantum mirage at the IBM Almaden Research Center in San Jose, California. In physics, a quantum mirage is a peculiar result in quantum chaos. Their study in a paper published in Nature, states they demonstrated that the Kondo resonance signature of a magnetic adatom located at one focus of an elliptically shaped quantum corral could be projected to, and made large at the other focus of the corral.

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Online Accounting Software 5 Basics That Everyone Should Know

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Online Accounting Software 5 Basics That Everyone Should Know

by

Parker John 299

With the changing trends of technology, the demand for could based solutions are increasing rapidly over the years. Development of Mobile technology, Apps and could based software solutions has taken its stride to make the operations smarter, swifter and effective at any place of the world. This technology development has marked its presence in the field of accounting as well. So far, accounting has been considered as the most essential aspect for any individual or business concern. Everyone needs to keep the accounting on track so as to comply with the regulatory norms and standard business practices. This is the reason why there is a distinct popularity observed among the mass for online accounting software. With so much popularity, on this advanced application, here are 5 basic factors that everyone should know while going for any Online or cloud based accounting software.

GAAP (Generally Accepted Accounting Principle): GAAP refers to a standard set of rules and regulations that are practices over a certain geographical jurisdiction. While going for any type of cloud accounting software, the beneficiary should know his jurisdiction and should check if any particular online software provides the same facility for the desired jurisdiction.

[youtube]http://www.youtube.com/watch?v=xvj1-cCrOyA[/youtube]

Double Entry System of Accounting: This is one of the most popular and standard entry systems of accounting and book keeping practices globally. Most of the standard accounting procedures accepts Double-Entry System of Accounting for smooth record keeping. While going for any online invoicing software, the subscribers should confirm if the software provides double entry system of accounting for individuals and business entities.

Features for Asset and Stock Management: As an essential part of accountancy is recording of assets, stocks and liabilities are very much important for any accounting. Hence while subscribing to any online accounting software or subscribing any mobile invoicing app, one must look into the package of existence of these vital factors. This will not only make the accounting smooth, but also save the user from a lot of headaches, that might be possible for final accounting.

Billing and Invoicing: Any invoicing app must have the facility of billing and invoicing. But additional features such as recording the names of parties, with their address and other essential data are definitely features worth looking for. The online invoicing software should have features for email management, contact management, billing management along with invoicing features.

Protection of accounting information: While going for any cloud based accounting solution, one must ensure the safety of information. Accounting is vital for any individual or business and even a single entry loss may account for significant loss or tax liability. Ensuring every record is kept safe is the primary focus of accounting and these information should be protected, backed up and should be retrievable as and when desired from the cloud.

Online and cloud-based accountings are two distinct accounting procedures that are being operated over the virtual world of internet. One needs to understand the basic requirements and look for solutions that are affordable and easy with any such invoicing app. If one intends to go for Mobile based accounting platform, he should make sure that all basic features should be available so as to make this a complete accounting solution.

We are one of the leading cloud accounting software solutions provider located at New Zealand offering

invoicing app

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Grand Theft Auto under fire

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Grand Theft Auto under fire
June 15th, 2022 in Uncategorized | No Comments

Sunday, July 17, 2005

The Grand Theft Auto (G.T.A.) game series, based on the underworld, pushes social limits on violence and sexual content in the video gaming industry. The newer Grand Theft Auto 3 release sparked controversy when it came to light the plot was based on an unnamed character’s mission to destroy and slaughter his way to the top of the local crime scene. Since that release, further games were developed: Grand Theft Auto: Vice City, and Grand Theft Auto: San Andreas.

Thursday, according to a report filed by Gamespot, congresswoman Hillary Clinton called on the Federal Trade Commission (FTC) to “take immediate action to determine the source of graphic pornographic and violent content appearing on the Grand Theft Auto: San Andreas video game.” Clinton also wanted the FTC to determine if an “AO” rating would be more suitable for the game than current “M” rating.

Clinton said she would work quickly to create a bill for a federal law that would “put some teeth into video game ratings.” The federal legislation by Clinton would follow similar state initiatives. California assemblymen Leland Yee introduced a bill in his state, as did Illinois Governor Rod Blagojevich. The purpose of the state and federal bills would be to “prohibit the sale of violent and sexually explicit video games to minors.” The passage and enactment of the proposed bill by Clinton would make it a federal offence to sell video game content to persons under the age of the games’s rating.

Like many Grand Theft Auto gamers, the Entertainment Software Rating Board(ESRB) is cautious over Clinton legislative proposal. Patricia Vance, the president of ESRB, issued this statement: “We urge all parties not to rush to judgment until all of the relevant facts, some of which are highly technical and complicated, have been established. Any second guessing at this point would be premature and inappropriate as this investigation continues.” Vance said amongst the ESRB’s top interests were to protect children, to educate parents, and make sure parents make good decisions on what video games their children be allowed to play.

Jack Thompson, the subject of beefs with Grand Theft Auto in the past, is a Republican attorney from Miami. Thompson sent out an email to major gaming outlets (Gamespot for example). The letter at first stated “I, as a lifelong Republican, am going to thank Senator Hillary Rodham Clinton,” and offered admiration for Clinton’s campaign against violence and sexual content in video games. The email then went on to criticize Doug Lowenstein, who helps manage ESRB and is the president of the Entertainment Software Association. Thompson wrote, “Doug Lowenstein could have prevented what is going to happen today, but he preferred to shoot the messengers.” Thompson also mentioned the Columbine High School massacre, and claimed it was the fault of the developers of games (specifically id Software, the maker of Doom). He claims the U.S. Constitution first amendment right to freedom of speech in no way protects the gaming industry from censorship.

Lowenstein issued the following statement regarding the current video game/Hot Coffee issue: “Retailers should not sell Mature games to minors, parents should watch what their kids watch, and parents should and can rely on the ESRB ratings to make the right choices for their families. We hope that… Senator Clinton will abandon the bill and work cooperatively with industry and others to ensure that parents take advantage of the effective tools on the market to regulate the games their kids play.”

Although some of the statements mentioned are related to video games in general and not so much GTA, a majority of all of this recently publicity did indeed start with the Hot Coffee mod for Grand Theft Auto. ESRB has never been pressured any harder in the past than they are now, and Rockstar still denies that they put the sex scenes in the game; although it has been recently demonstrated that Action Max-Replay (a cheat/feature-unlocking system for the Sony PlayStation 2) allows the user to play the “mini sex games” – the exact same thing the Hot Coffee mod unlocks for the PC version of GTA San Andreas.

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University of Wales to close down after 120 years

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University of Wales to close down after 120 years
June 15th, 2022 in Uncategorized | No Comments

Saturday, October 22, 2011

120 years after it was founded, the University of Wales (UoW) will shut down. Already comprised of several institutions, two will merge fully while two more will become independent universities.

With a charter from 1893 and the Prince of Wales as its chancellor, problems began at UoW last year after concerns the head of a Malaysian partner institution, a local pop artist, had non-legitimate qualifications. This was followed by Thailand’s authorities denouncing another UoW partner as illegal, then an investigation in the UK into all the UoW’s foreign ties.

The Quality Assurance Agency said UoW’s overseas checks on foreign institutions were inadequate. The UK Border Agency is investigating a possible visa scam whereby foreign students were sold exam answers for a qualification leading to UoW entry and British visas. Two colleges — Rayat London College and Lampton College — are suspended over the claims.

Trinity St David and Swansea Metropolitan universities are to merge, forming University of Wales: Trinity St David. It is to use the latter’s own royal charter, which is itself 190 years old. Newport and Glyndwr are set to become universities in their own right. The dissolution follows calls from the leaders of rival universities for the end of UoW.

“I warmly welcome the historic decision taken today by the University of Wales Council,” said UoW Vice-Chancellor Professor Medwin Hughes, who will fill the same role for the new University of Wales: Trinity St David. “The transformed University will serve and deliver for Wales.” His counterpart for Newport, Dr Peter Noyes, said “The inevitable end to the story of the University of Wales should not detract from a distinguished history lasting 12 decades. Wales should be sad that this day has come[.]” UoW chairmain Hugh Thomas has resigned.

The Prince of Wales is among past students, having spent a 1969 term there. The institution’s various member organisations at one point included the now-separate Cardiff University.

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Difficult To Understand But Perfect For Use

June 15th, 2022 in Hydraulic Equipment | No Comments

Then I read it twice and thrice then only I came to know about its meaning. Here is the simplest form for you all who are interested to know about the multiple of this single technical device.This cylinder is not normal cylinder that we use in our kitchen. These hydraulic cylinders are mechanical devices that are used for poignant or for monitoring a system. A hydraulic cylinder gives such forceful stroke with unidirectional strike. It is much powerful cylinder that is not filled with gas but is filled with fluid and is controlled with hydraulic motor. Thus, it is also known as linear hydraulic motor. With the help of Hydraulic fluid this hydraulic cylinder is able to produce under pressure linear motion along with force.These Hydraulic Cylinders are also known as hydraulic Jacks, hydraulic Rams, linear hydraulic actuators and also are famous as hydraulic actuators. In a Hydraulic cylinder, with the help of hydraulic pump energy is produced and when energy is produced these hydraulic cylinders transfigure this energy into a mechanical output to execute the chore. Thus, these cylinders perform are well-known as strongest and inseparable part. i.e muscles for machinery.Fundamentally, these Hydraulic Cylinders are used by big factories and industries whereby big machines bear the load of heavy products because to carry this operation huge power source is needed. Not only in big industries and large scale of factories carry out this process but these cylinders are also brought in every type of heavy gear and heavy automobiles such as its used in the excavators, bull dozers, forklifts and even in elevators its brought in used.You might be surprised to know that these heavy power cylinders used mostly in big industries and big factories can also be brought in our normal day to day life, i.e household chores and domestic applications. Want to know how? Then here it goes for all men and women who spend most of their time in home. It is much safe as other machines and even it carry out assigned task much quicker along with great ease and safety. These Hydraulic Cylinders comes in varying shapes and sizes but performs the task equal to other types of cylindrical machines. Some of these are thin in shape; some are thick and are useful for different types of works. Especially these Hydraulic Cylinders are used by engineers mostly. Go Budding engineers go and try this new machine out for your new work.

Category:August 3, 2010

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Category:August 3, 2010
June 13th, 2022 in Uncategorized | No Comments
? August 2, 2010
August 4, 2010 ?
August 3

Pages in category “August 3, 2010”

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US Senate passes new bankruptcy bill

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US Senate passes new bankruptcy bill
June 9th, 2022 in Uncategorized | No Comments

Saturday, March 12, 2005

In a vote of 74-25 last Thursday, the US Senate passed a measure that would change bankruptcy laws, making it harder for individuals seeking relief from their debt burden to avoid repayment. Almost twenty Democrats joined Republicans, who currently hold a majority of the seats in the US Senate, in passing the bill.

Lobbyists for credit card companies and financial services firms have worked for the bill during the last two administrations. A similar measure passed both the Senate and House during the previous administration, but then President Bill Clinton pocket-vetoed the measure in 2000.

Democrats sought to soften the bill by allowing bankruptcy filers to negotiate directly with lenders for relief, but the amendments were defeated by the Republican-controlled Senate. Proponents of the bill claim the rise of bankruptcy filings to nearly 1.5 million a year shows that abusers of credit use the filings to shield themselves from irresponsible practices.

“There has been an explosion of bankruptcy,” said Iowa Republican Sen. Charles E. Grassley, the bill’s sponsor. “We preserve the principle of a fresh start, but we also establish a principle that if you have the ability to repay some of your debt, you are not going to get off scot-free.” However, Massachusetts Democratic Sen., Edward M. Kennedy said, “This legislation makes the bankruptcy courts of the United States the collection agency for the credit-card industry.”

The bill impacts a broad spectrum of bankruptcy law, but the most significant impact is on personal bankruptcy filings. Individuals who get behind in repaying credit card debt face high interest charges and stiff late payment fees. By only meeting minimum payment requirements, borrowers remit to the lender over the life of the loan an amount in interest and other fees that can far exceed the value of the principal balance of the loan. This can put consumers who run up high balances on various cards at financial risk of default. Critics of the bill blame these aggressive lending practices as a contributing factor in the rising trend of bankruptcy filings from 1996.

The proposed bill doesn’t only affect debtors with credit card debt.

It also affects debtors who have run up large medical bills.

Patients with a past medical history that disqualifies them from full medical coverage, can easily find themselves facing insurmountable medical bills after just a short stay in the hospital. These individuals will no longer be able to get a fresh start after these personal disasters, and will be forced to live in poverty until they can pay off their medical bills as part of their Chapter 13 filing. (Prior to this bill, they would have been able to file Chapter 7, completely discharging their debt.)

Chapter 7, which accounts for 70% of bankruptcy filings, allows individuals to eliminate most non-secured debts after liquidating assets, with the notable exemption of one’s principle residence in most states. The Senate passed bill would change Chapter 7 eligibility by applying a means-test, where those with a median income higher than the state average would be required to file under Chapter 13 provisions. Under Chapter 13 protection, an individual’s debt is not forgiven; rather it is restructured for payment under more lenient terms.

This was the first major overhaul of federal bankruptcy law in many years.

Under the old bankruptcy law, a personal bankruptcy attorney could not be held financially responsible for his clients mendacity. Under the new bankruptcy law, the bankruptcy attorney is responsible for his client’s lies to the Court about his assets and the bankruptcy attorney and his insurance carrier can be held responsible by the Bankruptcy Court.

The result is that personal bankruptcy attorneys (this does not apply to corporate bankruptcy attorneys) are likely to flee the personal bankruptcy field when the new law takes effect. Their insurance companies will not offer the sort of coverage that they would need to continue to practice.

So when consumers need to file personal bankruptcy under the new law, they will be unlikely to find a bankruptcy attorney to represent them. Consumers will have to file pro se: such consumers will be likely to fail due to the complexity of the law.

The bottom line is that the field of personal bankruptcy law as a practice area of law will cease to exist when the new bankruptcy law takes effect, and consumers will be unable to secure legal counsel and so consumers will lose what legal protections counsel now affords them.

Under the new bankruptcy law about one half million Americans will be forest to pay for at lest 5 years on longer they will be held in servitude as chattel they will be completely subservient to a dominating influence of the company that holds the loan. Their loan will be put on the market for sale for profit. The people will be forced to work harder. People who fail to go to court will have a arrest warrant made out in their name and people who refuseto pay. They will be subject to fines and or jail. About fifty thousand Americans will punished by a fine and or about three thousand Americans every year will go to jail under the new bankruptcy law. For some people this will be a third strike they will be put in jail for life.

The bill has the support of President Bush, and its passage in the House sometime next month seems likely. If enacted into law, lending companies will recover more money on what otherwise would be written off as bad loans. Those persons of median and higher income seeking relief would be required to file under Chapter 13 status and pay up to $100 per month under court imposed conditions. It is expected the proposed changes would cause a sharp increase in filings before the new law could take effect.

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