The Off Topic Topic

[Zanza]

In one of those quantitative easing things that don't make sense to me, the ECB and Bundesbank now buy German government debt with considerable negative yield, i.e. they pay the German government for the privilege of owning its debt. How does that work with the explicit prohibition to pay government operations through the central bank...?

[The Larch]

In one of those quantitative easing things that don't make sense to me, the ECB and Bundesbank now buy German government debt with considerable negative yield, i.e. they pay the German government for the privilege of owning its debt. How does that work with the explicit prohibition to pay government operations through the central bank...?

Do you have a link for that?

[The Larch]

In other news, edgy teens get their comeuppance.

Harvard Retracts 10 Offers to Students Who Posted Offensive Memes in 'Harvard Memes for Horny Bourgeois Teens' Group Chat

The Harvard class of 2021 will contain at least ten fewer students, after the university rescinded offers to students who reportedly shared offensive memes. The memes — which the Harvard Crimson characterized as "sexually explicit" and "messages that sometimes targeted minority groups" — were predominantly sent as private messages in a chat thread born from a Facebook group called "Harvard memes for horny bourgeois teens." (The meme group was an offshoot of the official Harvard 2021 Facebook group, which the university runs, Harvard disclaims authority over any "unofficial groups" that might pop up as a result.) Memes reportedly included jokes about child abuse, sexual assault, and the Holocaust, and referred to hanging a Mexican child as "piñata time," the Crimson also reports.

To gain admission into the private, X-rated meme group, students were asked to post an offensive meme in the public group of about 100 admitted students. This was how Harvard administrators got wind of the memes. In April, university officials sent an email asking students to hand over every offensive meme they had contributed, a student whose offer was rescinded told the Crimson, under conditions of anonymity. "As we understand you were among the members contributing such material to this chat, we are asking that you submit a statement by tomorrow at noon to explain your contributions and actions for discussion with the Admissions Committee," the email reportedly read. "It is unfortunate that I have to reach out about this situation." Students were also told not to attend Harvard's annual weekend for potential students, as their accepted statuses were in jeopardy. Ultimately, at least ten students lost their offers of admission. A Harvard spokesperson told Select All that the university does "not comment publicly on the admissions status of individual applicants."

[Valmy]

A good lesson to learn at a young age before it costs you something like your job.

Good luck to those kids at Stanford or Yale or whatever their safety school was.

[CountDeMoney]

Good luck to those kids at Stanford or Yale or whatever their safety school was.

  Douchebag snots will just be douchebag snots elsewhere.

[11B4V]

Good luck to those kids at Stanford or Yale or whatever their safety school was.

  Douchebag snots will just be douchebag snots elsewhere.

Now that's not helpful.

[dps]

I didn't realize Languish had 10 posters ready to enter college this year, much less 10 that had been accepted into Harvard.

[Valmy]

I didn't realize Languish had 10 posters ready to enter college this year, much less 10 that had been accepted into Harvard.

While we may be offensive we are thankfully not about posting memes.

[Oexmelin]

Except for Syt.

[Ed Anger]

I ran out of good ones. Expect for my exotic Nazi collection.

[11B4V]

Dear Fuhrer approves

[Ed Anger]

I always thought he looked like a waiter in that white uniform.

[11B4V]

He was always a snappy dresser in the "Good Ole Days"

[Valmy]

I always thought he looked like a waiter in that white uniform.

If the Germans had just worn those uniforms they would not have been the baddies.

[The Minsky Moment]

In one of those quantitative easing things that don't make sense to me, the ECB and Bundesbank now buy German government debt with considerable negative yield, i.e. they pay the German government for the privilege of owning its debt. How does that work with the explicit prohibition to pay government operations through the central bank...?

Wasn't that the issue resolved by the ECJ when it overruled the German constitutional court ruling on OMTs?