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Mumford & Sons’ second album Babel has become the fastest-selling album of the year in the US, according to Nielsen Soundscan. The release sold 600,000 copies in its first week, more than any opener this year.

It has become the London foursome’s first number one album in America. 

Marcus Mumford and Ted Dwane spoke to Newsbeat’s entertainment reporter Natalie Jamieson about what the record sales mean to them.

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This week’s NME is a new bands special, crammed full of the most exciting up and coming acts in the world right now, recommended by writers and artists alike. Here’s a taster.

I’m going to be cheeky here and pick one band and one solo artist. The band is Montreal’s Half Moon Run - potentially one of the most important bands debuting an album this year. It’s progresive without being pretentious. And my favourite new songwriter is Joe Banfi from Sheffield. He’s dark, edgy, serene and beautiful.

Best song: ’Hurricane’ (HMR), ‘Guts And Bones’ (JB)

Listen: Half Moon RunJoe Banfi.
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From NME.com Blogs 

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Mumford & Sons perform “Whispers in the Dark” on Later…with Jools Holland on 2nd October 2012.

i was gon drop this mixtape Saturday (9/13), but then Makaveli didn’t come back + Floyd won…. so my marketing dept. wouldn’t allow it …
Yes, it’s true I released a project for $100 April 1st 2012.. & I also released 5 full lengths & a short film in 2013.. .. Only 2.5 songs in 2014 tho 😖😴.. haha… (Laughs to keep from cryin) .. If you only knew

www.GrindHardOnline.com

How much is your student debt really worth? Probably less than you think. Most people are not aware that creditors sell off defaulted debt for pennies on the dollar to a shadowy market of debt buyers and collectors who then try to collect the full amount from the debtor. A New York–based activist collective, Strike Debt, created the Rolling Jubilee fund to buy debt on this secondary market just as debt collectors do. Only instead of collecting on that debt, Strike Debt erases it. Rolling Jubilee has now forgiven almost $4 million in student loans for the bargain price of a little more than $100,000.

Since 2012, Strike Debt has bought up almost $15 million in medical debt — obligations that people incur when they are sick or have an accident but can’t pay their medical bills. This is an admittedly minuscule amount in a multibillion dollar market, but the point of the Rolling Jubilee is to illustrate that debts are written off all the time, just not typically in favor of the debtor. Further proof of the power of creditors is that the government guarantees profits on most kinds of student loans, so they are not for sale on the secondary market. However, we found that some forms of private tuition debt are available for purchase.

Once people realize how little student loans are really worth to the creditors who sell them for pennies on the dollar, they might ask why they should pay the full amount.

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