Before Racquel Cloutier went to the hospital to deliver her fifth child, she hid her $23,000 diamond wedding ring in a plain watch box to keep it safe from her two-year-old twins. As she was in the hospital recovering, her husband, Eric Cloutier, decided to hold a yard sale in part to keep the couple's other children occupied. Only one problem: he accidentally put the watch box, containing the $23,000 ring inside, for sale – for $10 – and someone bought it.
Bloomberg View columnist and longtime Newsweek man Jonathan Alter has a new book coming out that includes details about jowly shithead Roger Ailes, the head of Fox News. Politico's media reporter Dylan Byers writes that excerpts from the book show that Alter "reveals a number of surprising facts about the Fox News chief that, taken together, make him out to appear extraordinarily paranoid." Yes, Roger Ailes is paranoid. But Alter didn't "reveal" anything new at all.
A new study reveals that one of the most cited economic principles regarding GDP and debt is most likely based on a "sloppy Excel coding error." According to a 2009 book by Carmen Reinhart and Kenneth Rogoff, This Time It's Different, countries with a high debt to GDP ratio have slow economic growth. But three economists at the University of Massachusetts have published a critique of Reinhart and Rogoff entitled: "Does High Public Debt Consistently Stifle Economic Growth?" They found a major and embarrassing error in the original calculations.
After 9/11, the US Navy launched a massive program to build a "Littoral Combat Ship" that could fight submarines, clear underwater mines, and perform other tasks close to shore, because, um... you never know where the terrorists might be, with snorkels. Astoundingly, it appears more and more like this boondoggle has become—you guessed it—a boondoggle.
Four Ohio college students were indicted earlier this month on a multitude of drug charges, after they were caught last May trying to steal chemicals from a school chemistry lab in order to cook up some ecstasy in "an empty dorm room." An all too typical tale. For purposes of instruction—and to ensure that future college ecstasy labs are more professionally run—allow us to examine what mistakes they made in their budding criminal enterprise, all detailed exhaustively in this Plain-Dealer story:
Imagine if 100 years after you died, people started analyzing every text you'd ever sent, uncovering deleted punctuation and word choices and debating among themselves why you messaged that guy you were merely "looking forward to the party," when earlier drafts revealed you were, in fact, "so excited to see [him]!!"
David Carr's column today is partly about a plan masterminded by Ad Age columnist Simon Dumenco to create, quote, a "Council on Ethical Blogging and Aggregation," which will ostensibly serve as a sort of trade group or (nonbinding) credentialing organization for best practices in the blogosphere. Well-intended, and a bad idea.
Kids in as many as 50 families in Chatham, New Jersey were mistakenly given breast cancer medication instead of chewable fluoride tablets. While the fluoride the children were supposed to receive is used to prevent tooth decay, the pill Tamoxifen blocks the production of estrogen. CVS has alerted all the families and apologized, but no one can figure out exactly how this happened.