5,001 American colleges get 950 hours of paperwork each from an Education Department rule published on Thursday. It measured the burden on one accrediting body and on none of the colleges. The rule is called Accreditation, Innovation, and Modernization. At the Department's own wage that is $95,551 per college, and $478 million across all 5,001 of them. The whole rule is priced at $490 million a year!! Accreditors are the private bodies that decide which colleges can take federal student aid. More than $120 billion a year moves through that gate. The rule rewrites how they operate, so the Department worked out the cost. 470 hours per agency, priced at the median wage for a postsecondary administrator and doubled for overhead, which comes to $47,273. Against a $600,000 budget that is about 8%, and 8% cleared the Department's threshold. The colleges get three separate assignments. 10 hours to read the rule. 470 for teach-out plans, which are the arrangements for students when a college shuts. Another 470 for new transfer credit disclosures. Its reason for not examining any of that is one sentence. Institutions of higher education are not directly regulated by the proposed rule and could only be indirectly impacted. It adds that data on the impact of accreditation regulations on institutions are not available, in a document that already contains tables of institution hours broken out by public, private and for profit. The rule's own text disagrees about who is being regulated. The institution must publicly disclose within ten business days. The institution must inform the student. The institution must provide a written rationale for every course whose credit it refuses. And no, this is not a drafting slip!! Directly regulated is a term of art under the Regulatory Flexibility Act and courts have read it narrowly since 1985, so the Department has a real argument. It would be an easier argument if the same document did not command institutions by name, list them as paperwork respondents, and cost their hours in three separate tables. The threshold is worth your attention too. The Department defines a substantial number of small entities as more than 5% of them, then notes there are fewer than twenty institutional accreditors, so any single one is over 5%. With nineteen entities, one is 5.26%. That prong cannot return no. Note that the count is the Department's own, and its public directory of institutional accreditors lists more than twenty. The mechanism is a definition that decides the answer before the question is asked. One threshold is written so it always triggers. One exclusion is written so the analysis never runs on the group carrying the cost. Watch the comment docket for a single small college filing its own hour count, and watch whether the final rule contains an institution-level analysis that this one says is impossible!!

DEV UPDATES 001 | Reliability Week A lot of this week was spent on making Tradoor more reliable under the hood. Here’s what the dev team worked through: 🔹 Improved Options and Turbo Mode on-chain trade execution, including “Index Price Expired” and incorrect “Insufficient Balance” errors 🔹 Fixed failed on-chain trades continuing to appear in Positions and Trade History 🔹 Addressed intermittent wallet connection issues across the website and Telegram Bot 🔹 Fixed an issue preventing liquidity providers from withdrawing from the V3 Pool 🔹 Built out frontend and backend CI + automated testing to catch problems earlier More updates coming soon. Thank you for your continued support and feedback. With love, The Tradoor devs 🧑‍🚀

The $0.001 Payment No Human Would Ever Make: Ex-Stripe MPP Co-Author on Agent Payments and Tempo Shoal Signal Ep. 17 with @brendan_j_ryan, MPP co-author at @tempo, hosted by @zaddycoin We cover the checkout form agents will never load, why micropayments finally work once a CPU clicks OK, the Lisbon hotel week that produced MPP, why payments will never be unified, and the endgame where users pay over crypto rails without knowing it. 0:00 Checkout without the payment form 2:25 From Kubernetes to payments 4:37 Why payments will never be unified 11:25 No single payment method wins 15:16 Collapsing checkout into a protocol 18:12 Why pay-per-article finally works 20:47 Writing MPP in a Lisbon hotel 24:54 Hunting the killer use case 27:25 Turning rate limits into prices 29:50 Scrape once, serve a million times 35:05 Making 402 an official standard 40:48 Cloudflare and AWS flip the switch 42:32 Users never see the crypto rails 46:14 What finance looks like in five years 48:55 Two books on surfing entropy