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According to the Senate Democrats, they are getting closer to agreeing on a financial bill that will prevent a collapse like the one in 2008.

Part of the reason for expediting this regulatory bill is because other major bills like immigration and energy bills are going to need attention soon.

The New York Times said, "The proposed derivatives rules are an important part of the effort to strengthen regulation of the nation's financial system, and seem certain to infuriate some of Wall Street's biggest players."

One of the key problems in Wallstreet was the lack of regulations on large financial institutions which were able to go under the radar of the government.

Commenting on the Obama's speech of financial reform, The New Yorker wrote, "He focussed, appropriately, on the need to limit excessive risk-taking by systemically important and government-supported financial institutions, and the importance of changing the incentives that place a premium on short-term profits rather than long-term gain."

All this came as a timely reminder as Goldman Sachs was accused of fraud last week.

The New Yorker went on to explain the dangers of financial reform because the banks and bank employees are tied together though the CEOs and high level executives take home the lion's share.

Essay on sexual abuse in the Catholic church

Hendrik Hertzberg wrote a short, inquisitive essay in The New Yorker about the Catholic Churches problem with priests sexually abusing children.

Even though the media can never seem to exhaust this topic, it can still be done tactfully.

Hertzberg started off by painting a familiar scene where Martin Luther is putting up the famous 95 Theses and how controversial it was.

Hertzberg compared the outrage then to a more relatable method of ranting. Blogging.

He wrote, "Dr. Martin Luther, put the finishing touches on a series of bullet points and, legend has it, nailed the result to the door of the castle church in Wittenberg, Germany--the equivalent, for the time and place, of uploading a particularly explosive blog post."

He then went on to use another engaging paragraph to pull in the reader, "The "Ninety-five Theses on the Power and Efficacy of Indulgences" touched off a high-stakes flame war that rapidly devolved into the real thing, with actual wars, actual flames, and actual stakes."

Hertzberg attempts to point out both sides of the issue, from the Church's perspective and the public's.

If it was unsure which side Hertzberg defended, he finally takes a stance.

"Our largely democratic, secularist, liberal, pluralist modern world, against which the Church has so often set its face, turns out to be its best teacher--and the savior, you might say, of its most vulnerable, most trusting communicants."

Overall this essay is a great glimpse into the pressing issues of the Catholic Church. It doesn't try to condemn the Church or ignore their problems.

Elizabeth Kolbert wrote a very interesting piece on Joe Bastardi and global warming. Joe Bastardi is a self-proclaimed, "expert senior forecaster."

Apparently Bastardi thinks the earth is actually cooling instead of warming up.

Kolbert said, "Virtually every major scientific body in the world has concluded that the planet is warming, and that greenhouse-gas emissions are the main cause."

His theories as to why the earth is cooling are very complex and include Volcanism, sunspots and something called the Pacific Decadal Oscillation.

No surprisingly, Kolbert calls his theories "ridiculous" and goes on to take a pot-shot at FOX News for having him as a regular guest on their show.

What's more interesting is that it turns out that two-thirds of weathermen and forecasters agree that global warming is, well, a farce.

Because law makers have delayed action the public confidence in global warming actually existing has gone down.

Kolbert reported, "only fifty-two per cent of Americans believe that 'most scientists believe that global warming is occurring,' down from sixty-five per cent in 2008."

It's hard to come to any real conclusion because we are not that good at estimating or predicting the future so far in advance.

Despite the skeptics, this winter was was on the warmest winters in earth's history.

two pieces on Hulu CEO Jason Kilar

The New York Times recently did a piece exploring the struggles and success of online TV streaming service Hulu.

USA Today also did a piece on Hulu and Jason Kilar recently, and actually did video interview as well as a condensed write-up.

The New York Times story takes a look at Hulu's profitability and search to earn more money. They reported that Hulu as been profitable for two quarters in a row.

The USA Today piece was written in February and that point said, "Kilar won't say whether Hulu is profitable, but he notes that the list of advertising sponsors working with Hulu has grown to more than 400."

They also reported, "It is coming under increasing pressure from the companies that supply its content. They want Hulu to earn more advertising dollars and set up a subscription service, asking consumers to pay a monthly fee to watch at least some of the shows on the site."

Because of this, Hulu is in the process of exploring subscription models and alternate pricing that will likely take effect soon.

USA Today said, "For months there have been hints from Hulu's owners of a looming pay model, perhaps as early as this year."

Right now the big benefit of Hulu is the fact that it's free. There are other big-name competitors that have already jumped into the streaming service like Apple and Netflix.

At this point consumers usually flock to free video sites unless the offer is complelling enough. The New York Times notes, "If consumers embrace a subscription service and an iPad app, it could make the company's family gatherings a little less rancorous."

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