Nine students were hospitalized after the Oct. 8 party in Roslyn, where about 50 people had been drinking. Some students had blood-alcohol levels ranging from 0.12 percent to 0.35 percent after consuming cans of the drink called Four Loko, CWU President James L. Gaudino said at a news conference Monday. Other students mixed the drink with additional alcohol, he said.
Four Loko is made by Phusion Projects Inc., of Chicago. It comes in several varieties, including fruit punch and blue raspberry. A message left with the company was not immediately returned.
A 23.5-ounce can of Four Loko sells for about $2.50 and has an alcohol content of 12 percent, making it comparable to drinking five to six beers. The caffeine in the drink can also suspend the effects of alcohol consumption, allowing a person to consume more than usual, officials said.
Washington State sure loves its ever-increasing ballot initiatives, referendums, and amendments. Here’s a handy-dandy little tool to cut through all the doublespeak and jargon and figure what in the hell all of this year’s state ballot measures actually mean.
(Brought to my attention by the stellar City Club crew.)
“8) Try to live near a subway entrance. In a world of crazy-expensive oil, it’s the only real estate that will hold its value, if not increase.”—Douglas Coupland’s “A radical pessimist’s guide to the next 10 years”, via Mark Herrmann
Amazon will allow Kindle users to lend books to each other for 14-day periods, the company announced this afternoon.
The lending feature has been one of the primary selling points of Barnes & Nobles’s Nook e-reader, which is slated for a refresh next week. As with Barnes & Nobles’s lending feature, Kindle lenders will not be able to access the book on loan during the 14-day period, nor will they be able to loan the book to the same user more than once.
“Not all books will be lendable,” Amazon added, noting that it was entirely up to the publisher or rights holder to determine whether to participate in the program.
On today’s Planet Money, we hear the answer from Katherine Newman.
Newman, a sociologist, found 300 people who were working at fast-food restaurants in Harlem in the early ’90s. She followed them for the next eight years and told the story in a book called Chutes and Ladders.
“The emotional roller coaster captured on Twitter can predict the ups and downs of the stock market, a new study finds. Measuring how calm the Twitterverse is on a given day can foretell the direction of changes to the Dow Jones Industrial Average three days later with an accuracy of 86.7 percent”—
“Wolves are also noted for their peculiar habit of adopting and nursing human infants with remarkable destinies ahead of them. How a wolf can sense which infant is a child of destiny is still imperfectly understood; but it is known that wolves possess an olfactory sense far keener than our own, and it may be that certain human children simply smell like destiny.”—Dr. Boli’s Celebrated Magazine. (via chryselephantine)
When Apple unveiled its iPad in January with its full-color high-resolution glory, many assumed it would be end of story for Amazon.com’s Kindle book store and its black-and-white reader.
Turns out the iPad has actually helped Amazon. Not only are sales of the Kindle device expected to grow 140% this year to nearly 5 million units from 2009, but digital book sales via the Kindle store are on track to grow 195% to $701 million in 2010, according to Cowen and Co., which released a report Monday on the digital book market.
“French women are exhausted. We have the right to do what men do — as long as we also take care of the children, cook a delicious dinner and look immaculate. We have to be superwoman.”—
The editor-in-chief of Elle France, on a new Pew Research Center survey, which found that three in four French people believe men have a better life than women—by far the highest share in any country polled. As the New York Times puts it: “The birthplace of Simone de Beauvoir may look Scandinavian in employment stats, but it’s Latin in attitude. French women appear to worry about being feminine, not feminist, and French men often display a form of gallantry predating the 1789 revolution.”
I urge you to read the entire [context of Adam Smith’s much-abused “Invisible hand” quote in “The Wealth of Nations”]. What you will discover is that Smith was writing about how those who deploy capital in pursuit of profits are constrained in where they deploy it by their aversion to losing said capital. Even if there had been a possibility of higher profits by deploying capital outside of their own country, the higher profits entailed higher risks back then, just as higher returns signal higher risk today. Smith describes how (at the time he was writing) returns within a country might be lower than if the same capital were invested outside the country, but this reflected a risk differential. He also noted that within a country, merchants, manufacturers and investors are likely to have better information about critical aspects of other market players, including that glue of commercial enterprise: trustworthiness.
The key feature here is that risk was more easily evaluated within one’s own country than was risk incurred outside of one’s country. …
Smith’s invisible hand was risk aversion.
Now fast forward to the 20th century and imagine a financial sector that has discovered that it can obscure risk. Not only can it obscure it by slicing and dicing it in ways that even they (apparently) don’t understand, it has discovered ways to obscure risk, package and sell it to their clients, and then bet against those same clients that the inevitable collapse will occur. All that they have done has promoted their own self-interest. It has done little to promote the public interest or even, in some cases, their clients’ interests. And as long as taxpayers and their elected officials remain willing and able to rescue imprudent, intermperate investment bankers or as long as those same bankers believe that taxpayers will do so, there is no brake, no “invisible hand” of risk aversion that will prevent recurrences of the same bad, high-risk behavior.
As Maxine Udall calls out, the book from which we drew the “invisible hand” quote in the volume “The Wealth of Nations” is entitled “Of Restraints upon the Importation from Foreign Countries of such Goods as can be Produced at Home”.
(Oh, and apologies to whomever posted this first between Tumblr or Reader. It’s been an open tab so long I forgot the ‘via’ credit.)
Police say about a dozen young people, mostly Central Washington University students, overdosed on an unknown substance at a party at a Roslyn-area home last night.
Neighbors say the home is a rental house and there is usually no one there. But police say last night someone threw a party at the home with the apparent goal of drugging teens and young women and attacking them.
Oh wow, that’s awful. Where do you even start repairing such a situation, from the perspective of justice or education?
“Before I first acquired a Kindle, exactly one year ago, I didn’t usually buy books while under the influence of alcohol. I won’t say I never did it, because that would be a lie. But it wasn’t a habit. After a couple of glasses of wine, I tend to fixate on the present. I have no use for five to seven days’ delivery time. The Kindle is wonderful for drunk people because you can climb into bed, press one button, and The Anatomy of Melancholy instantaneously materialises before you, plucked by the so-called Whispernet out of the surrounding ether.”—Buying books is fun, with a glass in your hand | Books | The Guardian