Thomas Gresham own house in Bishopsgate Street and the rents from the Royal Exchange should be vested in the Corporation of London and the Mercers Company, for the purpose of instituting a college in which seven professors should read lectures, one each day of the week, in astronomy, geometry, physic, law, divinity, rhetoric and music. Thus, Gresham College, the first institution of higher learning in London, came to be established in 1597. Gresham's Law (stated simply as: "Bad money drives out good") takes its name from him (although others, including the astronomer Nicolaus Copernicus, had recognised the concept for years) because he
Bat Out of Hell II: Back into Hell to sing—it was a horrifying sound." Steinman "kept writing the music to "Bat Out of Hell part 2"... my sequel." Not being able to "bear for people not to hear those songs," Steinman recorded the album, retitled "Bad for Good", as a solo project, although Rory Dodd contributed lead vocals on some songs. Four songs from "Bad for Good" were included on "Bat Out of Hell II". In 1989, Steinman formed all-female vocal group Pandora's Box. The album, "Original Sin", was a commercial flop, but featured two songs which would also appear on "Bat II". Meat Loaf says "Jim put