"The very design of the federal assistance to A.I.G. was that tens of billions of dollars of government money was funneled inexorably and directly to A.I.G.'s counterparties." A necropsy of the AIG deal, in the NYT. Spoiler: we lose. (lifted from Mitch Kapor)
AIG necropsy: taxpayer billions, direct to their pockets.
Big stores considering whether you should just keep the stuff you want to return, for free
Target, Gap, American Eagle Outfitters, and other large retailers are reporting that they have a glut of inventory and it's costing them too much to store the stuff. Then there's the pile of inflowing returns. According to retail consultancy Strategic Resource Group, many big name stores—which the firm doesn't name—are considering whether to tell customers… READ THE REST
Why e-sports careers are shorter than those of athletes
E-sports stars have short careers—shorter than sports stars. The general assumption is that the coordination and focus required selects for youth even more than athletic performance does, but medical experts say that's not at all true. Instead, the Washington Post's Jonathan Lee traces more complex causes: success leads to an entrepreneurial track promoting gamer bric-a-brac;… READ THE REST
Amazon to close 68 stores, including all bookstores
Amazon is to close all its "physical" bookstores among dozens of others, reports Publishers Weekly, ending a six-year experiment even as other brick-and-mortar efforts thrive. Many industry observers believed Amazon's goal in opening the stores was to experiment with new shopping technologies, showroom its book and book-related offerings, and examine consumer behavior. Indeed, after the… READ THE REST
Light up with a pipe that's made to make smoking simple
There's a lot of reasons to buy a new smoking piece. Maybe you dropped your old one and that cool glass octopus build doesn't work so well when it's in a million pieces. Perhaps you're making the switch from rolling your own to something a little less cumbersome. Or maybe you just want an upgrade. Whatever… READ THE REST
Life's hard enough, which is why this flexible lighter is a game-changer
From ensuring you have enough money for gas this week to keeping up with today's politics, life is far from easy. And everyday things like making dinner, commuting to work, and even lighting candles should be the least of your worries. But when it comes to reaching down into the jar of your favorite candle, unable to… READ THE REST
These $29 game design and development courses might make learning as fun as the real thing
Gaming is something that most people can appreciate. Whether you're into the classics, a casual gamer, or a die-hard who plays all the time, there are many different ways to enjoy the hobby. But we think it's safe to say, novice or professional, we're all interested in how games even come to be. If you're fascinated by gaming… READ THE REST
