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Student loan interest rates drop

Students will now pay less money back on their loans, after the Bank of England slashed interest rates to their lowest rate ever.

The Bank cut rates to 1.5% last week, the lowest since its foundation in 1694, forcing the loans company to lower repayments. Recent graduates will now pay back their loans at 2.5% interest, half a percent less than a week ago.

Wadham undergraduate Rhian Petty said, “I never anticipated such a wonderful financial surprise.”

But news of the cut has been met with confusion by other Oxford students. Keble undergraduate Hannah Martin, said, “the interest cut is great, but some people aren’t aware that they are paying interest at all. There should be greater awareness of what we’re paying and how this will affect us.”

Oxford economics lecturer Christopher Bowdler said that the cut would benefit recent graduates most, as their loan repayments are reduced and they start to find themselves with a greater disposable income each month.

He said, “it’s rather like a reduction in mortgage rates. Authorities hope that by releasing this cash to [recent graduates] they will stimulate spending in the economic downturn.”

Martin Lewis, the ‘Money Saving Expert’ advises students not to worry too much about the exact rate of interest on their loan.

“There’s no ‘real’ cost because the highest you’ll pay is the rate of inflation,” he writes on his website. While graduates may be making savings now, “over the full term of borrowing, for most people, [the rate] should even itself out.”

The interest rate on student loans is influenced by two economic factors. The rate is either set at one percentage point above the Bank of England’s base rate or matched to the Retail Price Index measure of inflation. This calculates the increase in the cost of basic consumer goods each year and finds the average level of inflation from it.

The interest rate passed on to students is always whichever of these figures is lower, which until now has always been the Retail Price Index (RPI). The economic downturn has forced the Bank of England’s base rates below the RPI, creating the current drop in loan repayments for students.

The latest drop on the interest on student loans is the second since December, when the rate fell from 3.8% to 3%. It was previously set at 4.8%. The rules of the loans company insists that the interest on all student loans taken out from 1998 onwards is set at no more than one percentage point above the base rate.

 

Oxford Gossip website returns

Oxford Gossip, the infamous Oxford internet forum, reopened at the beginning of this week. The site, opened in 2003, provided a forum space for Oxford students to discuss the University’s social life and gossip.

It was forced to close in September 2007, following allegations of harassment and a failure to moderate the site’s content. The site has reopened with a new domain of www.oxfordgossip.co.nr. Nr stands for Nauru, a small island on the Pacific Ocean. It is thought that this is an attempt to protect the site from libel laws.

Matthew Richardson, the original founder of OxGoss, said that he knew nothing of the site’s relaunch.

Some students have argued the site is simply harmless fun, whilst others have stated that it had been used for the malicious targeting of individual students.

Katy Theobald, the President of OxWip said, “The anonymity of such a site allows people to post sensitive and potentially inaccurate comments.”

A University spokesperson said, “The Proctors have had no complaints about the revived website, but they would strongly advise students that anyone involved… is acting in a university context and must observe all the University’s regulations.”

Lewis Iwu, the OUSU President admitted “I had no idea the site was restarted.” However, he argued that the website had merits, “I think if used right, the website can be very useful. It will help people know what is going on in Oxford.” He added, “‘I think the website is fine to use, provided no one feels harassed or victimised”.

Niall Gallagher, a student at Worcester College, admitted that he used the forum before it was closed and added he had found it “quite entertaining”. He said, “it was maintained by the same sort of people generally – Union and OUCA. I was disappointed it closed. To a large extent it wasn’t malicious”.

His sentiments were echoed by Guy Levin, a Corpus Christi student who stated that the website was popular “because everyone was on it” and added that it was “amusing”.

However, another student stressed the site’s more negative aspects. He said, “the worst thing was threads like ‘The **** List’, naming and shaming all those people unfortunate enough to have got 3rds, and one Facebook hot or not thread, where OxGoss regulars would find what they thought were mingers on Facebook and emotionally abuse them for kicks. I understand it caused some serious distress to some of the people who were targeted. That was really low.”

Rosanna McBeath, OUSU’s Welfare VP said, “‘Gossip’ can be very harmful to individuals involved, especially when spread across the internet, with its wide reaching effects. I hope this time, the website is better controlled to prevent the problems that arose last time.”

Matthew Richardson explained “at its peak OxGoss was getting more hits than Oxfordstudent.com and Cherwell combined. It started to be used as a tool for national journos to spy on Oxford students and several national media outlets just quoted OxGoss directly in their stories.”

Another Oxford graduate, an administrator and a moderator of the old site said, “it was supposed to be a thing for my friends, internal fun.”

However, he admitted that “it got out of hand” saying, “it resulted in slander, affecting people’s employment prospects. We tried to moderate it but it always came back with people posting more and more”. After the site was closed in 2007, he said that both he and Richardson were “very, very relieved to see the back of it. It caused way too much fallout and loss of trust, particularly in Union circles.”

The website also attracted the attention of the University’s proctors who posted a warning to all students involved in the website or others like it.
This time round, Iwu called for restrained monitoring of the site, “I believe in free speech and the proctors should treat the website like the papers. They should just keep an eye on it and take up the concerns of students with a complaint.”

Bullingdon club revived

The Bullingdon Club has claimed to be enjoying a revival in membership, following a desperate bid to recruit members.

In 2006, the 200 year-old drinking society had only four members. In a bid to increase its ranks, it was “forced” to reach out to an ex-state school pupil. The student rejected the invitation.

The club has announced that it now has twenty members.

It is thought that the society’s recovery might be a result of its rebranding as the provisional wing of the Conservative party and its association with former members David Cameron, George Osborne and Boris Johnson.

Obama’s Oxford Bible

The Bible President Obama was sworn in on last Tuesday was printed by the Oxford University Press. It first belonged to Abraham Lincoln, who took the oath of office using it in 1861.

The Bible was published in 1853 and was purchased by the Clerk of the Supreme Court. He gave it to Lincoln when the President realised he had no Bible to swear his oath on.

The 1,280 page book was bound in velvet with gilt edges. It is frequently on display in the Library of Congress.

Four members of Obama’s government are Oxonians

Baldness cure in sight

An Oxford PhD student in Bio-Chemistry has claimed to have developed a new product to ‘make hair loss a thing of the past’.

The product’s means of preventing baldness are still secret as it has not yet been patented. The creator, Thomas Whitfield, said it should be available for purchase within the next 12 months.

Whitfield promises that the product will offer a favourable alternative to existing ‘inconvenient’ and ‘very, very expensive’ techniques.

The product, ‘TRX2‘, takes its first two letters from the Greek word ‘trichos’ for hair, whilst X2 signifies the ‘second generation of hair’.

Bringing it all back home

In the age of 24hour blog angst and the prevailing wisdom that we have all been ‘fucked up’ by our parents, or society, or something, it seems to have become quite OK to throw out the stiff upper lip, and let everyone about how we’re so miserable, or why on earth we just can’t seem to make a relationship work.

An unfortunate consequence of this has been a rash of indulgent singer-songwriters singing bland dirges that have more in common with 90s boy bands than folk and protest, the traditions that first inspired Woody Guthrie, and eventually Bob Dylan. However, it needn’t be the case that singing about personal experiences should mean sounding like James Morrisson.

Although folk singers had always sung politically motivated songs, it was surely Guthrie’s experience travelling with job-seeking migrants through the Deep South in the 30s that made his vaguely socialist agitations so direct and inspiring to so many.

However, as the folk-protest song exerted a greater influence over young people into the 60s, personal experience seemed to be less important. Often the concerns of these singers were universal – Bob Dylan, as the leader of that movement, has, much to his own disdain, been endlessly referred to as the ‘voice of a generation’ for his articulation of the dissatisfaction of counter-cultural America at that time.

Eventually, as Dylan began to feel constrained by his own revered status, he began to pioneer a far more introspective style. Joni Mitchell, Leonard Cohen and Patti Smith joined him in producing music that would come to be described (often derisively) as ‘confessional’ and ‘sensitive’. This change would coincide with considerable stylistic innovation, which set a new standard for the kind of originality that could occur in the singer-songwriter genre. In particular, Patti Smith’s daringly aggressive fusion of punk rock and accomplished, visceral poetry was influential with artists from Sonic Youth to KT Tunstall citing her album Horses as a significant influence.

These changes, while often motivated by a simple desire for ‘something new’, were not without their personal motivations. While the breakdown of Dylan’s marriage was the well documented starting point for much of Blood on the Tracks lyrical content, Joni Mitchell’s often improvised, free vocal noodling and startlingly optimistic lyrics were informed by a turbulent love life that lurched from divorce (her surname was taken from her husband) to the heart breaking decision to give up her child to adoption. The lines ‘My child’s a stranger/I bore her/But I could not raise her’, from ‘Chinese Café’ are probably her most overt ‘confession’ of this.

In another famous example, Leonard Cohen was recently forced to admit that his song ‘Chelsea Hotel #2’, including the lyric ‘Giving me head on the unmade bed’, refers to his short-lived affair with Janis Joplin.

It would be easy to label that first period of introspection a ‘golden age’ of the singer-songwriter, but with the recent successes of Elliott Smith, and now Bon Iver, it seems that the sensitive singer-songwriter is definitely back in. Smith’s infamous struggles with drug addiction and depression that eventually killed him contrast with his deceptively optimistic, pop-influenced song-writing, while Bon Iver’s experience in a remote cabin in Wisconsin is a well-documented influence on his soulful writing.

It’s hard to pinpoint where the line lies between indulgence and intimacy in singer-songwriters. For many songwriters, a new song is cathartic, a way of coming to terms with something personal. In the wrong hands, this can be awful – no matter how beautiful the subject of James Blunt’s notorious first single, I can’t sympathise with his mass-produced heart-ache. In the right hands however, a well written, personal song can resonate with our own experience, and provide something timeless in a way that more trend-driven pop music cannot.

As Guthrie’s wife once said, speaking to the crowd at one of her husband’s concerts in 1949, ‘It’s nice to think that a voice can be heard today that can communicate to you one thing, and twenty-five years from now will still mean something to somebody else’. She could not have been more right.

Bon Iver: Blood Bank

Blood Bank’ finds Justin Vernon returning to the recording studio, fresh from his victory lap touring the world on the back of his universally well-received debut album.

After tracks from For Emma, Forever Ago found their way onto ‘House’, and ‘Grey’s Anatomy’ among other mainstream US television shows, it is apt that Vernon’s latest EP should be named ‘Blood Bank’, and be so concerned with our biological humanity and mortality. Vernon’s is a refreshingly candid, unpretentious look at human relationships, perhaps the kind of perspective you might expect of the wood-chopping, impressively bearded American.

It’s difficult to write about Justin Vernon without mentioning his three month stay in the Wisconsin wilderness where he recorded most of his debut album, but in this case it’s justified – these tracks were written in the same creative burst. Their flavour is similar, and certainly the title track would nestle very comfortably anywhere in For Emma…

The rest of the EP however seems more like a collection of outtakes from that album, although their quality is still of an impressive standard. ‘Babys’, for instance, runs for five minutes around one, bright piano chord while Vernon chants about the ‘Carnival of Peace’ and the ‘summer coming to multiply’. It’s a bizarre image, but Vernon’s beguiling falsetto lends it a kind of optimistic substance – from his throat, the words sound impossibly heartfelt, and its easy to feel like you somehow know where he’s coming from.

We find Vernon in a quirky mood on the final track, ‘Woods’. While finding a new direction for Bon Iver’s sound was always going to be difficult, robbing Vernon’s voice of its organic, soulful quality seems a shame. The effect leads to some beautiful moments as Vernon harmonises with his band mates a cappella, and I’d be happy for Vernon to prove me wrong, but I imagine this sound will remain an enjoyable curiosity, the sort of thing that belongs on this kind of EP.

You won’t feel short-changed buying it, as the sound of Vernon’s quirkier side is refreshing, but equally don’t expect the epiphany that, for many, For Emma… represented.

In a similar way to Deerhunter’s Fluorescent Grey EP, which hinted at the stylistic shift away from Cryptograms’ psychedelic noise that they would eventually produce with their excellent Microcastle, Blood Bank hints at a number of possible directions – some more promising than others – that Vernon may be considering for the follow-up proper to For Emma, Forever Ago.
The EP is an ideas sandpit, a peek over Vernon’s shoulder. It ends too quickly to provide a full picture, but it should at least reassure any doubters that Justin Vernon, whether in his Bon Iver guise or not, will again be a talent to watch in the coming year.

Four Stars

 

Antony and the Johnsons: The Crying Light

In 2005, Antony and the Johnsons released their second album, I Am A Bird Now, to widespread critical acclaim, winning the Mercury Music Prize and infiltrating the mainstream. The sound of Antony Hegarty’s third release, The Crying Light, will be familiar to those who heard the second, but this is no criticism; the album is a triumph.
In terms of progression, the quality of Hegarty’s songcraft is a notable improvement here. At times on I Am A Bird Now, there was a lack of subtlety in the melodrama of the songs, which could exhaust the listener with the sheer weight of their emotion. While this work is still one of high melodrama, the execution is more mature, and the songs are more balanced. Carefully arranged orchestration features throughout, and is generally deployed tastefully for accent and emphasis. There is a patience in tracks like ‘Kiss My Name’ that was sometimes lacking from the album’s predecessor. The result is that the overall emotional effect is ultimately more substantial.
Hegarty is clearly a special talent; the best songs on this album would surely stir emotion in even the most dispassionate of listeners. The ethereal quality of the last album’s most effective track returns, and is supported by improved instrumental backing. ‘Her Eyes Are Underneath The Ground’ is full of beautiful, understated instrumental work, and the cello which closes the track is powerfully sombre.
Hegarty’s voice is familiar, but appears more well-rounded than before. ‘Aeon’ is a real departure from his melancholic style, seeing him in celebratory mode, at one point shouting, ‘Hold that man I love so much!’ in an unexpected highlight of the album.
The Crying Light is not a perfect album, there are times when the vocals and the music seems ill-balanced and the effect falls short of its intentions; where Hegarty aims to overwhelm he can sometimes alienate. I found myself irritated by the slurred vocals of ‘Dust and Water’; the intention there is a mystery, but the result is an unhappy confusion of sounds. Hegarty rarely misfires here, however, and ultimately the album has a great deal to recommend it.
The unexpected success of I Am A Bird Now was sure to bring with it a backlash to coincide with the release of Hegarty’s second album. For many, his acceptance as a mainstream artist was a difficult pill to swallow. From his affected vocal style to his unusual appearance, there was much to mock for the superficial observer. The album was, however, a stunning collection of powerful and distinctive works. This follow-up effort has been eagerly awaited by an enthusiastic fan-base. The success of the last album naturally meant that this one would likely be subjected to close scrutiny and unfair criticism.
Already reviews of the album appear to have taken a superficial attitude to The Crying Light, ignoring much of what is new to focus on the fact that much of what was strikingly novel last time remains a feature of the music now.
That the unusual nature of Hegarty’s sound is a familiar feature of his work by now should not in itself be the object of criticism. It is a lazy sort of journalism which fails to recognise that if Antony did not have such a distinctive style he would not be accused of sonic stagnancy. There is substance enough beyond Hegarty’s vocals to merit the more balanced criticism that will be afforded countless artists whose vocal styles vary little from record to record.
The unique sound Hegarty produces is a gift and its return is welcome. The power of the human emotion with which his voice drips is devastating when it combines most effectively with the music, and although at times it can simply be too much, the high-points of the album should justify suffering its excesses.

Interview: Emmy the Great

Emma-Lee Moss did not want to be a musician. Worse than that – she still doesn’t. Sadly then, she finds herself in the unenviable position of overseeing the release of her debut album next month.
After a long period in development Emmy the Great’s debut album First Love will be released on Moss’s own label, Close Harbour, on February 2nd. First Love is evidence of Moss’s prodigious talents as a songwriter, but she asserts that she sees her future in areas outside music. Already writing for music magazine ‘Stool Pigeon’, in ten years she sees herself as a journalist, or perhaps a writer of low-grade fiction, ‘I’d like to write generic novels like Sweet Valley High or the Mills and Boon novels.’
Of her future in music, she is only certain of one more album, any more will depend on her still having something to write about, ‘I just want to make another album after this, I know what I’m writing about next’. It is a demonstration of her relationship with her songcraft that she is only certain of her musical productivity as long as she is sure of having personal demons to exorcise, characters to assassinate, and a message to deliver. The importance of this message and Moss’s close personal involvement with her lyrics is evident throughout her work.
‘Most of my songs have been written for one person’, Moss explains; she uses the process of song-writing to describe her feelings to people, in the hope that they’ll hear her music and understand her better. It can be painful, but she admits that she takes a great deal from the process, affirming, ‘every song you write is an act of catharsis.’ The explicitly autobiographical nature is graphic at times, and can make for uncomfortable listening. Nonetheless, it is a defining characteristic of Moss’s songs, and is often the source of the emotional resonance that drives her best work.
Only on one occasion has the personal nature of the songs been a source of embarrassment for Moss. Recent single ‘We Almost Had A Baby’ is a brilliant dissection of a destructive relationship, in which she discusses pregnancy as a means of having something to use against her partner. She recalls that performing the song at SXSW festival in Texas, in front of the ex-boyfriend the song deals -an awkward experience.

Moss is critical of the British music scene, even chiding the industry for its support of her own career. When asked what she makes of the scene she asserts, ‘It’s shit, really boring; myself included in that. People here are only making music in order to become popular musicians.’ She contrasts this with the scene in America, where artists are more likely to develop over a long period of time before becoming popular. She attributes her own success so far to the benefits of being a musician located in the country’s capital, ‘I think we’ve been really lucky, because I lived in London I’ve had more attention.’
Self-deprecation is a notable trait of Moss’s. She is unquestionably a gifted song-writer, with a capacity to awe listeners which has been showcased regularly to growing audiences in attendance at gigs in recent years. Her modesty seems to blinker the scope of her ambition somewhat, speaking on her hopes for the future it appears a very limited level of success would see her content, ‘I’m really happy the album is coming out, if we break even, which we almost have, I’ll be happy.’ Certainly the songs and their author deserve exposure which will bring Moss success as a musician beyond hoping to ‘break even’.

It seems unlikely that Emmy’s debut album, First Love, will escape comparison with one of last year’s biggest, Laura Marling’s debut, Alas, I Cannot Swim. The similarities between the two artists are not merely superficial; sonically the albums sit in very similar territory. Sadly First Love is unlikely to emerge from such a comparison favourably. The difference that strikes the listener most lies in the ambition with which each album appears to have been executed. The production-levels of Marling’s work were impressive to say the least, with countless instruments employed to bolster the emotional impact of the songs, and provide the listener with a more expansive musical experience.
First Love is a much more modest affair, perhaps this is a reflection of the close relationship Moss has with her songs as she seeks to avoid distorting their message. That Moss is releasing the album on her own label is evidence of her unwillingness to compromise her vision for her music. Certainly her song-writing is strong enough, but although such a bold exposition of her lyrics and voice is laudable it is likely to prevent her from seeing her album reach the same audience that Marling’s did last year. I doubt though, that this is much of a concern for Moss, who seems little driven by the prospect of mainstream success.
The album contains many powerful moments, ‘MIA’ in particular demonstrating the potency of Moss’s song-craft, showcasing the stirring naivety of her fragile voice against a familiarly understated musical background. This and the other stand-out tracks, ‘First Love’ and ‘Dylan’, where the modest components of Emmy the Great’s sound combine perfectly with her outstanding lyrics and voice and everything seems just enough; the sound is perfectly weighted to the honesty of Moss’s writing, and the effect is overwhelming.
Sometimes though, one suspects that greater ambition in the production of the songs may have served to enhance rather than undermine the message, as Moss appears to have feared.
Still, it’s a shame Moss doesn’t want to be a musician; she clearly has so much to offer us.

 

Straight to DVD Review: Trailer Park of Terror

Even for the greatest fans of slasher and horror films there comes a point where one must stand back and quietly wonder what happened to the story behind this continuous brutality. Here, in Trailer Park of Terror, surely the moment is when lonely overweight teenagers worldwide must put down their Doritos, throw their chilli dip on to the floor and cry, ‘enough is enough’.
Trailer Park of Terror should be preserved as one of the moments that film making went horribly wrong. Guided by one of the clumsiest scripts in cinema and an emotionless cast it is a genuinely embarrassing experience. For the bloodthirsty however, it more than fulfils its quota. There are skinned, armless, and headless teenagers and even a polygamous Priest served some female rape by a busty zombie.
The film follows the particularly grisly deaths of a group of teenage delinquents and their mentor at the hands of a set of trailer park folk, who satisfy every redneck cliché imaginable. Ranging from sexual perversion to an unsatisfying hunger that will only (and this is still in pre-Zombie state) be sated by eating prodigious quantities of ‘meat’, the one word afforded to ‘Larlene’ by the writer besides the ever-versatile ‘bitch’. This is a film so shoddily written, directed and acted that even the programmers at ITV4 will be hard pressed fitting it into their late night schedule, although the combination of extraneous sex scenes paired with simultaneous gore may allow it to wriggle its way onto Five.
This is a film, however, that has inspired me. I believe that life must have a sense of purpose, and through the debris of a trailer park littered with assorted human body parts swimming in a pool of fake blood, I have found mine. This is a film that is so shockingly poor that I pleadingly ask you never to watch it, or even think of watching it. It will take from you a precious ninety-eight minutes that will never be returned.
But it doesn’t matter, because before you read this I will have obliterated each remaining DVD of this tragedy and every shard will have been randomly distributed into a packet of Doritos. Overweight children across the world will never be forced from their sofa-bound magnificence by the sight of this travesty, instead unbeknownst to all but you and I they will chew away their downfall, well coated in the chilli dip of success.