Sunday, July 28, 2013

Fishgate: Shouting Match Between Press And Indie Dev Phil Fish ...


Creator and lead designer of successful indie game Fez (Phil Fish) is no stranger to speaking candidly to both press and public. The newest saga of heated back and forth between Fish and journalists may have reached a fever pitch, however. The most recent exchange of anger with GameTrailers Michael Beer has left Fish bitter enough to announce on his Twitter that Fez II is canceled.

This spontaneous announcement comes from a very coarse dialogue that started when Michael Beer made some off hand comments on Gametrailers Invisible Walls show.The comments were regarding Jon Blow and Phil Fish, and their mixed reactions involving ?Microsoft?s reversal about indie devs being able to self-publish on the Xbox One. While both Fish and Blow appreciated Microsoft to allow them to publish, both devs voiced negativity towards Microsoft about the ?reversal being a redundancy of not having a better policy in the first place.

Further, both devs made comments critical of the gaming press, in regards to pestering them for opinion incessantly looking for sound bites about video game culture. Michael Beer shot back at both Fish and Blow on GT?s Invisible Walls, ?and declared: ?Don?t get f****** snicky about it!?

Beer goes on:

?If you guys want the promotion,the next time around on [your games]?.[you must be aware] you guys are out there you have to suck it up.?

The quotation I?ve featured above is the least insulting of Beer?s sentiments, who goes on to call the indie developers ?hipster tosspots? and directly calls out Fish for being a ?f****** a**hole?, all the while referring to the duo as ?Blow Fish? out of spite.

The full video?has Beer going on for some time, and gives off a sense of anger that both devs are being hypocritical given their level of success. The video showcases Beer being so insulting however, that Fish responded in full, even going as far to Tweet that Beer should kill himself for his remarks.

The two have been at each others throats ever since, with Fish has even gone as far as locking his Twitter account and officially announcing the cancellation of Fez II. ?Needless to say, ?Fishgate? has spawned and flooded the internet very quickly, and has left everyone with a wet mess. As of this moment, the whole back and forth has observably halted the development of Fez II, and has left a bitter taste in everyone?s mouth about the entire debacle.

I have a feeling we may not have heard the last of this explosive communication, and will keep you updated on further developments.


Article from Gamersyndrome.com

Related posts:

  1. Indie Developer Phil Fish On Xbox One Self-Publishing: ?The Whole Thing Is So God Damned Reactionary?
  2. Nintendo Skipping Out On Indie Developer Support For Wii U
  3. Indie Gamer Chick Bundle Now Live, Get Eight Games For Four Bucks
  4. Pure Indie Bundle: Eight Games For Four Bucks.
  5. MineCraft Creator Behind Xbox One, Says Actual Console ?Wonderful Idea? For Developers

Source: http://gamersyndrome.com/2013/video-games/fishgate-shouting-match-between-press-indie-dev-phil-fish-hits-fever-pitch-fez-ii-canceled/

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Alabama Companies Raise $23K For Oklahoma Tornado Relief

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calendar:'',
week:'{week}', dayClickable:'{date}', dayCurrent:'{date}', dayNone:'', day:'{date}', search:'' }, // Stored objects $container = $(loc), now = new Date(), current = now, minDate = new Date('12/5/2007'), station = wng_pageInfo.affiliateName||'kotv', months = ['January', 'February', 'March', 'April', 'May', 'June', 'July', 'August', 'September', 'October', 'November', 'December'], monthLengths = [31, 28, 31, 30, 31, 30, 31, 31, 30, 31, 30, 31], // Helper methods renderTemplate = function(tpl, vars) { var retVal = templates[tpl]; if (typeof(retVal) === 'string') { for (var i in vars) { var regEx = new RegExp('\{' + i + '\}', 'g'); retVal = retVal.replace(regEx, vars[i]); } } else { retVal = null; } return retVal; }, // Renderers makeCalendar = function(date) { // Copy the date to a new object (so as not to overwrite the original) and set us to the beginning of the month date = new Date(date); date.setDate(1); current = date; var month = date.getMonth(), year = date.getFullYear(), firstDay = date.getDay(), out = '', days = '', colCount = 0, monthLength = monthLengths[month] + (month == 1 && year % 4 == 0 ? 2 : 1); // Figure up the month length taking into consideration leap years. Not accurate to 100+ years // Render the days before the start of the month if necessary for (var i = 0; i = minDate) { tpl = 'dayClickable'; } days += renderTemplate(tpl, {date:i}); colCount++; if (colCount % 7 == 0) { out += renderTemplate('week', {week:days}); days = ''; } } // Tack on the last week if (days != '') { out += renderTemplate('week', {week:days}); } // Render to the DOM out = renderTemplate('calendar', {days:out}); out = renderTemplate('controls', {month:months[month], year:year}) + out + templates.search; $container.html(out); // Determine whether the previous/next buttons should be shown date.setDate(1); if (date 12) { month = 1; year++; } makeCalendar(new Date(month + '/1/' + year)); } }, // Init init = function() { $container.addClass('gnmCalendar'); makeCalendar(now); }; init(); };

Source: http://www.news9.com/story/22947878/alabama-companies-raise-23k-for-oklahoma-tornado-relief

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Franklin 1-for-1 at worlds thanks to Romano

United States's Katie Ledecky looks at her time after finishing a heat of the Women's 400m freestyle at the FINA Swimming World Championships in Barcelona, Spain, Sunday, July 28, 2013. (AP Photo/Michael Sohn)

United States's Katie Ledecky looks at her time after finishing a heat of the Women's 400m freestyle at the FINA Swimming World Championships in Barcelona, Spain, Sunday, July 28, 2013. (AP Photo/Michael Sohn)

China's Sun Yang swims to win the gold medal in the Men's 400m freestyle final at the FINA Swimming World Championships in Barcelona, Spain, Sunday, July 28, 2013. (AP Photo/Michael Sohn)

United States's Katie Ledecky, top, and China's Shao Yiwen compete in a heat of the Women's 400m freestyle at the FINA Swimming World Championships in Barcelona, Spain, Sunday, July 28, 2013. (AP Photo/Emilio Morenatti)

China's Sun Yang shakes water from his head after finishing a heat of the Men's 400m freestyle at the FINA Swimming World Championships in Barcelona, Spain, Sunday, July 28, 2013. (AP Photo/Manu Fernandez)

China's Sun Yang douses himself with water before competing in a heat of the Men's 400m freestyle at the FINA Swimming World Championships in Barcelona, Spain, Sunday, July 28, 2013. (AP Photo/Michael Sohn)

BARCELONA, Spain (AP) ? Missy Franklin has claimed gold in the first of her eight events at the world championships.

She can thank teammate Megan Romano.

Romano chased down the Australians with a powerful anchor leg, leading the United States to gold in the 4x100-meter freestyle relay. Franklin was far behind in second after a blistering start by Cate Campbell, but Natalie Coughlin and Shannon Vreeland chipped away at the deficit before Romano finished the job.

She touched in 3 minutes, 32.43 seconds, edging Alicia Coutts by 0.12. The Netherlands finished another 3 seconds behind for the bronze.

The relay win followed a dominating victory by American teenager Katie Ledecky in the women's 400 freestyle. China's Sun Yang won the first final of the night, also with a runaway win in the men's 400 free.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2013-07-28-SWM-Swim-Worlds/id-2a640b7a54a24bc18a39791f33c2dab1

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Saturday, July 27, 2013

The Evolution of the Social Networking Site | Have You Nerd

By: Andrea Cole

In the beginning there was the Internet, a vast and lonely space occupied only by computer science majors and Trekkies. ?Then came IRC, ICQ, instant messaging, and email. And AOL saw that it was good. But man and woman were lonely and needed to interact and the dating site was created. And Match.com saw that it was good. Then the emotional teenagers needed a place to vent and complain about parents, boys, and lame teachers and the blogosphere was created. ?And LiveJournal saw that it was good. ?And then someone decided to share his music and got his friends to as well. And Napster saw that it was good. ?But the US Government disagreed. ?The US Government won. ?And soon the teenagers went to college and one day a sophomore in his Harvard dorm room hacked the network, probably swindled his friends out of millions of dollars, and created what is now one of the top three websites on the planet. ?And Facebook saw that it was good. ?And Goldman Sachs saw dollar signs.

And so the Social Networking Site is here for good.

Ok, so that was a bit simplistic and rather droll, but you get the idea.

The Internet has been used for networking since its inception. Its purpose is to send communications between computers and servers and spread information to the far corners of the world. ?So what does this mean for us? It means that the social networks we use right now are a part logical evolution of the Internet. ?Humans are naturally social creatures and enjoy the company of others and while our lives have become increasingly technology-based and some would say socially isolated, we are reaching out to others using technology-based means such as text messages, IMs, email, and social networking sites. ?Some bemoan the loss of traditional forms of interaction, but I say that the pendulum of social communication swings both ways and will eventually find a sweet spot. ?As long as we don?t end up as Borg, things will be fine.

So let?s go through a more traditional timeline of the history of the Internet and the Social Networking Site, shall we?

1957 ? USSR launches Sputnik, first artificial earth satellite and the start of global telecommunications. In response, the US forms the Advanced Research Projects Agency (ARPA) within the Department of Defense (DoD) to establish US lead in science and technology applicable to the military.

1969 ? Birth of the Internet, ARPANET commissioned by DoD for research into networking . The first node at UCLA (Los Angeles) is closely followed by nodes at Stanford Research Institute, UCSB (Santa Barbara) and U of Utah (4 Nodes).

1971 ? Michael Hart begins Project Gutenberg to make copyright-free works electronically available. The first is the US declaration of independence.

1972 ? Bolt Beranek and Newman computer engineer Ray Tomlinson invents email by adapting an internal messaging program and extending it to use the ARPANET to send messages between sites. Within a year, three quarters of ARPANET traffic is email.

1978 ? Gary Thuerk sends what is widely considered to be the first spam message, promoting DEC.

1982 ? Scott Fahlman kick-starts smiley-culture by suggesting using the :-) and :-( smileys to convey emotions in emails.

1984 ? Apple releases the Macintosh, the first commercially successful personal computeraol-logo

1985 ? AOL is founded and grows its modest Internet connection business into one of the world?s biggest media companies.

1989 ? Tim Berners-Lee and the team at CERN invent the World Wide Web to make publishing and accessing information easier on the Internet.

1994 ? Jerry and David?s Guide to the World Wide Web is renamed Yahoo! and receives100,000 visitors. In 1995, it begins displaying advertisements.

1995 ? Search engine Alta Vista is launched by Digital Equipment Corporation, which it claims can store and index the HTML from every Internet page. The first multilingual search is introduced.

1995 ? Jeff Bezos launches Amazon.com, an online bookseller that pioneers e-commerce.

1995 ? eBay is launched to enable Internet users to trade with each other.

1996 ? The browser wars begin. Microsoft sees the Internet as a threat and integrates Internet Explorer with Windows. Netscape and Microsoft go head-to-head, intensively developing and releasing upgrades to their browsers.

1996 ? Macromedia Flash 1.0 launches to add interactive animation to webpages. Early adopters include Disneyaimicon and MSN.

1997 ? AOL introduces AIM. The decline of chat rooms become imminent.

1998 ? Google debuts, pioneering a ranking system that uses links to assess a website?s popularity. Google?s distinguishes itself by maintaining a clean design compared to its competitors.

1999 ? Shawn Fanning launches Napster. The peer-to-peer software enables Internet users to swap MP3 music files stored on their computers and to find each other through a central directory.

1999 ? LiveJournal is launched, enabling users to post public or private journal entries as well as create user groups based around specific topics. ?It reaches 14 million accounts in October of 2007.

livejournal-logo1

2000 ? The dot-com bust.

2001 ? The merger of AOL and Time Warner is approved by US regulators. Shareholders of AOL own 55% of the new company.

2003 ? MySpace is launched, allowing people to share information about themselves, and grows to 100 million accounts in August 2006.

myspace-primary_logo-blue_clean

2004 ? As broadband increases in popularity, media companies start selling music and video online. Napster relaunches as a paid music download store and competes against Apple?s iTunes.

2004 ? Mark Zuckerberg launches Facebook at Harvard University. Within three years, the social networking site has 30 million members. By January 2011, Facebook boasts of over 600 million active users (those who logged in within the last 30 days).

2004 ? Photo sharing website Flickr is launched, coinciding with the rise in digital photography.

2005 ? Television and telephone companies feel threatened by the Internet. YouTube is launched to enable people to easily post videos online. Within a year, Google acquired YouTube for $1.65 billion despite owning its own video site. Phone companies are threatened by free Internet-based phone calls, specifically Skype, which has 53 million users. eBay acquires Skype for $2.6 billion, although it eventually fails to successfully incorporate Skype into its core business.

2005 ? Older media has been slow to catch up with new media. Rupert Murdoch?s News Corp responds by buying Intermix Media, owner of Myspace.com, for $580 million.

2005 ? Reddit launches.

Reddit-logo

2006 ? Twitter is launched. Contrasting sharply to the multitude of lengthy blog posts, Twitter messages are limited to 140 characters.

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2008 ? Google turns ten. The company now dominates online advertising and has a leading presence in online mapping, webmail and online document collaboration. Google?s search engine indexes 1 trillion unique URLs and there are several billion new web pages published every day. Google encroaches on Microsoft with the launch of the Google Chrome browser.

2008 ? The mobile web reaches critical mass for advertising, according to Nielsen Mobile. In the US, there are 95 million mobile Internet subscribers and 40 million active users. US mobile penetration is 15.6%, compared to 12.9% in the UK. Mobile Internet generated $1.7 billion in revenue in the first quarter of 2008.

2009 ? Actor Ashton Kutcher becomes the first person on Twitter to have a million followers subscribing to his ?tweets? and winning a friendly competition with CNN. ?I found it astonishing that one person can actually have as big of a voice online as what an entire media company can on Twitter,? Kutcher stated.

2010 ? In February, Facebook announces it has 400 million active members. That?s larger than the population of the US and UK combined. ?It has since grown to 600 million users by January of 2011.google-plus-logo

2010 ? Pinterest launches. Weddings, crafts, foods, and blogs are changed forever. It eventually grows to become one of the best search engines on the Web.

2011 ? Google+ launches and becomes the fastest growing social network on record. However, its success is short lived as people move back to Facebook.

2012 ? Facebook reaches a billion users.

2013 ? Twitter reaches 500 million users.

2013 ? Apple?s customers have downloaded over 50 billion apps.

So that was a quick overview of what has been happening for the last fifty-odd years. ?Things are only going to get wilder from here on out and it?s best to be prepared to a whole lot flux. ?Which social networks do you or have you used? How connected do you like to be?

andrea@haveyounerd.com?

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Source: http://haveyounerd.com/2013/07/26/the-evolution-of-the-social-networking-site/

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Cakewalk for India, again


Harare: Shikhar Dhawan capitalised on three reprieves to slam his third ODI century as India maintained their stranglehold over minnows Zimbabwe with a comfortable 58-run victory in the second cricket one-dayer here on Friday.

Dhawan struck 116 as India recovered from early jolts to post a competitive 294 for eight and then restricted the hosts to 236 for nine to take a 2-0 series lead in the five-match series.

Put into bat, India were in a spot of bother at 65 for four at one stage before Dhawan and Dinesh Karthik (69) put on 167 runs for the fifth wicket to not only restore the innings but take them to a commanding total at the Harare Sports Club.

India could have won the match by a much bigger margin but a defiant late-order resistance by Elton Chigumbara (46) and Prosper Utseya (52 not out) delayed the inevitable with the duo adding 88 runs for the seventh wicket to frustrate the visitors.

Opener Vusi Sibanda (55) also provided a good start to the Zimbabwean innings, which somehow lost the momentum after his departure with five wickets falling within a span of 24 runs.

For India, Jaydev Unadkat was the pick of the bowlers with four for 41 while leg-spinner Amit Mishra accounted for two wickets.

The two teams will play the third match of the series at the same venue here on Sunday.

Zimbabwe lost opener Sikandar Raza (20) early into their run-chase as the batsman, who had top-scored with 82 in the first one-dayer, went for an expensive pull-shot against Unadkat and was holed out in the deep.

Next man-in, Hamilton Masakadza and Sibanda chose to play a more patient game and rotated the strike cleverly before opening up against Vinay Kumar?s medium-pace and Mishra?s googlies.

Both hit Mishra early on in his spell for a six each while Kumar was pulled for two boundaries in the opening over and was taken for 16 runs in his return over in the second spell as the second-wicket partnership looked threatening on an eased out pitch.

Sibanda reached his individual fifty with a hit off Mishra over long-on for six and, in the process, also took his side?s total past 100-run mark. However, Zimbabwe could not hold onto their strong position for long as Sibanda once again failed to covert his innings into a big score after dominating the Indian bowlers with his powerful hits.

Sibanda, who had escaped with a missed stumping chance after running down the pitch to Mishra, threw away his wicket and fell to Unadkat in the 21st over. His 57-ball 55 knock was laced with seven fours and two sixes.

Four balls later, Brendan Taylor (nought) ran himself out as from 109 for one, it became 109 for three for the hosts. Zimbabwe?s misery further compounded when Ravindra Jadeja had Sean Williams (5) trapped right in front of the stumps.

Next over saw the soft dismissal of Masakadza who ended up giving a simple catch to Shami Ahmed at short fine-leg going for a sweep shot. Masakadza scored 47-ball 34 which had one six over the deep midwicket.

Malcolm Waller (2) fell for Mishra?s deceptive googly as the dismissal left the run chase in tatters.

Chigumbara and Utseya waged a lonely battle and showed some resistance but their efforts did not prove enough in the end.

Earlier, the Zimbabweans spilled regulation catches and their wayward bowlers conceded 28 extras as India posted a daunting target.

Dhawan was dropped twice when on 14 and 70 and the Delhi-lad also benefited from a no-ball by Kyle Jarvis in the fifth over when he had added just three runs to his name.

The 27-year-old, however, hung on and hit his third ODI century in his 17th match to save the Indians the blushes. He hit 11 fours and two sixes.

Karthik played his part with a composed 74-ball innings which was studded with six fours as the duo denied the Zimbabweans any success for 25.4 overs.

India ended their innings in style with tail-enders Vinay Kumar (27 not out) and Ahmed (6 not out) scoring 23 from the last over with the help of three sixes and a four.

Captain Virat Kohli could only score 14 runs while the other opener Rohit Sharma (1), Ambati Rayudu (5), Suresh Raina (4) and Jadeja (15) were also out cheaply.

India suffered an early jolt with opener Rohit being dismissed in the second over as pacer Brian Vitori got his scalp in his first ball.

Dhawan was out when on three in the fifth over but survived as it turned out that Jarvis had bowled a no-ball. Then he was dropped on 14 in the ninth over with captain Brendan Taylor spilling a regulation catch, the unfortunate bowler being Jarvis. India were 38 for two then.

Source: http://www.telegraphindia.com/1130727/jsp/sports/story_17163095.jsp

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Police to question driver after Spanish train crash kills 80

By Tracy Rucinski

SANTIAGO DE COMPOSTELA, Spain (Reuters) - The driver of a Spanish train that derailed, killing at least 80 people, was under police guard in hospital on Friday after the accident, which an official source said was caused by excessive speed.

The eight-carriage train came off the tracks, hit a wall and caught fire just outside the pilgrimage destination Santiago de Compostela in northwestern Spain on Wednesday night. It was one of Europe's worst rail disasters.

The source had knowledge of the official investigation into a crash which brought misery to Santiago on Thursday, the day when it should have celebrated one of Europe's biggest Christian festivals.

A judge in Santiago de Compostela, capital of the northern Spanish region of Galicia, was assigned to investigate the accident. The judge ordered police to question the train's driver, named as 52-year-old Francisco Jose Garzon.

It was not clear what kind of injuries the driver had suffered. He was not arrested, but he was under a police guard at the hospital and was expected to be questioned on Friday.

State train company Renfe said the driver was a 30-year veteran of the firm with more than a decade of train driving experience. He had been driving trains on this line for about a year, the firm said.

The regional government said 95 people were still in hospital, 32 of them, including four children, in a serious condition. Medical experts were still trying to identify 13 of the bodies early on Friday, leaving distraught families to wait for definitive news.

With the festivities in Santiago cancelled on Thursday, hundreds of people went to the site of the wreck instead, where they watched cranes picking the mangled train carriages off the tracks.

"My brother-in-law lives close by and was helping pull out people, dead and alive, all night. He's very shaken. I've come now with some friends just to see how it all ends," said Manuel Garcia, one of the onlookers.

Video footage from a security camera showed the train, with 247 people on board, hurtling into a concrete wall at the side of the track as carriages jack-knifed and the engine overturned.

The train entered the bend at 190 km per hour (120 mph), according to local media reports. The speed limit on the curve was 80 km per hour (50 mph).

Investigators were trying to find out why the train was going so fast and why security devices to keep speed within permitted limits had not slowed it down.

The impact was so huge one carriage flew several meters into the air and landed on the other side of a concrete barrier. Bodies were strewn next to the tracks in the aftermath.

The dead included a U.S. citizen and a Mexican, and at least one British citizen was injured.

NATIONAL MOURNING

Train traffic resumed on Friday morning on the tracks parallel to the where the accident took place.

Spain's rail safety record is better than the European average, ranking 18th out of 27 countries in terms of railway deaths per kilometre travelled, the European Railway Agency said. There were 218 train accidents in Spain between 2008 and 2011, well below the EU average of 426 for the same period.

The disaster happened at 8:41 p.m. (1841 GMT) on the eve of a festival dedicated to St. James, one of Jesus's 12 disciples, whose remains are said to rest in Santiago's centuries-old cathedral.

The apostle's shrine is the destination of the famous El Camino de Santiago pilgrimage across the Pyrenees, which has been followed by Christians since the Middle Ages and has had a resurgence in popularity in recent decades.

Even though the festival was cancelled, pilgrims and tourists formed long lines to see the cathedral on Thursday.

"It's hard to make sense of a tragedy like this, especially on an occasion that is supposed to be joyous," said Jan Roser, a Catholic priest from Germany who had made the pilgrimage and was in Santiago for the festival.

Prime Minister Mariano Rajoy, a native of Galicia, visited the accident site and the main hospital on Thursday. He declared three days of official national mourning.

King Juan Carlos and Queen Sofia also visited the injured in hospital.

"All of Spain is united in grief with the bereaved families," the king said.

(Additional reporting by Julien Toyer and Teresa Medrano; Writing by Fiona Ortiz and Julien Toyer; Editing by Mohammad Zargham and Susan Fenton)

Source: http://news.yahoo.com/police-driver-spanish-train-crash-kills-80-005156497.html

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Friday, July 26, 2013

Student loan deal faces an easy path in House

FILE - Prospective students tour Georgetown University's campus in Washington, in this Wednesday, July 10, 2013, file photo. Grants and scholarships are taking a leading role in paying college bills, surpassing the traditional role parents long have played in helping foot the bills, according to a report from loan giant Sallie Mae. (AP Photo/Jacquelyn Martin, File)

FILE - Prospective students tour Georgetown University's campus in Washington, in this Wednesday, July 10, 2013, file photo. Grants and scholarships are taking a leading role in paying college bills, surpassing the traditional role parents long have played in helping foot the bills, according to a report from loan giant Sallie Mae. (AP Photo/Jacquelyn Martin, File)

(AP) ? A bipartisan Senate compromise on student loans is heading to House, where lawmakers there already have voted to link interest rates with the financial markets.

If lawmakers can iron out the relatively small differences between the House student loan bill and the version the Senate passed Wednesday, students and their parents will find interest rates lower than the ones they faced last year.

President Barack Obama encouraged the House to vote quickly on the legislation so returning students can enjoy lower rates across the board.

"I urge the House to pass this bill so that I can sign it into law right away," Obama said in a statement.

Critics, including some in the president's Democratic caucus, said borrowing for tuition, housing and books would be less expensive this fall, but the costs could soon start climbing under the Senate bill. The compromise would be a good deal for all students through the 2015 academic year. After that, interest rates are expected to climb above where they were when students left campus in the spring, if congressional estimates prove correct.

The White House and its allies said the new loan structure would offer lower rates to 11 million borrowers immediately and save the average undergraduate $1,500 in interest charges.

The bipartisan Senate bill links interest rates to the financial markets. It is similar to the bill that already had passed the Republican-led House and is like the proposal in Obama's budget earlier this year.

Undergraduates this fall would borrow at a 3.9 percent interest rate. Graduate students would have access to loans at 5.4 percent, and parents would borrow at 6.4 percent. The rates would be locked in for that year's loan, but each year's loan could be more expensive than the last. Rates would rise as the economy picks up and it becomes more expensive for the government to borrow money.

As part of the compromise, Democrats won a protection for students by capping rates at a maximum 8.25 percent for undergraduates. Graduate students would not pay rates higher than 9.5 percent, and parents' rates would top out at 10.5 percent.

If Congressional Budget Office estimates hold true, rates would not reach those limits in the next 10 years.

For the moment, most lawmakers were emphasizing the low costs immediately available, while a few were already looking for a fix in coming years.

"This bipartisan agreement is a victory for students, for parents and for our economy, and it is consistent with the House Republican bill passed in May," House Speaker John Boehner said in a statement.

"The House will act expeditiously," Boehner, R-Ohio, pledged.

The Republican chairman of the House Education Committee, Rep. John Kline of Minnesota, predicted "the bill's swift passage." And the top Democrat on the panel, Rep. George Miller of California, similarly urged Boehner to bring up the Senate bill and pass it quickly.

All seemed to portend lower rates for students, a reversal from less than a month ago.

Rates on new subsidized Stafford loans doubled to 6.8 percent on July 1 because Congress could not agree on a way to keep them at 3.4 percent. Without congressional action, rates would have remained at 6.8 percent ? a reality most lawmakers called unacceptable.

"This permanent, market-based plan makes students' loans cheaper, simpler and more certain," said Sen. Lamar Alexander of Tennessee, the top Republican on the Senate education panel. "It ends the annual game of Congress playing politics with student loan interest rates at the expense of students planning their futures."

The measure's supporters suggested that the compromise was better than the status quo for students returning to campus for fall classes.

Sen. Tom Harkin, the Iowa Democrat who chairs the Senate education panel, said the legislation was not what he would have written had he had the final say. But he also said he recognized the need to restore the lower rates on students before they return to campus.

"It's the best that we can do," Harkin said.

Harkin added that a rewrite of the Higher Education Act this fall could include a comprehensive review of college costs and could revisit the loan rates for future classes.

The Congressional Budget Office estimated the bill as written would reduce the deficit by $715 million over the next decade. During that same time, federal loans would be a $1.4 trillion program.

___

Follow Philip Elliott on Twitter at http://www.twitter.com/philip_elliott

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2013-07-25-Student%20Loans/id-1de7ca0c158e4204bce31a6a3ba59aaf

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