For the past several months, Allergan has been fighting a take over by its competitor Valeant. While mergers and acquisitions are far from unusual in the pharma world, this may be the first time that a public corporation has combined efforts with an activist investor (Bill Ackman of Herbalife fame) in a bid to buy another company. Last week, Allergan sued both Valeant and Ackman, claiming their actions go beyond regulatory arbitrage and enter the realm of insider trading. At risk is Allergan's R&D operation- while Allergan spends roughly 17% or revenues on research (in line with the industry), Valeant, run by McKinsey alum Mike Pearson, spends under 3%. [more inside]
The photographs in this set depict roads and highways in the Commonwealth of Massachusetts from 1892 to 1893. The photos accompany the "Report of the Commission to Improve the Highways of the Commonwealth" published in February of 1893. [more inside]
As the conversation about the state of games criticism continues, there is a site that acts as a platform for some of the best writing in the field by theorists, critics, and independent developers: Nightmare Mode dot net. [more inside]
This past August a murder charge was dismissed against Nga Truong, a young mother who had confessed to Worcester, MA Police interrogators in 2008 that she had smothered and killed her 13 month-old baby, Khyle. A judge later concluded that confession was coerced -- extracted in part by police "deception," "trickery and implied promises" -- and the case was dropped. (pdf). Her case raises questions: What coercive power do detectives have who are driven to extract confessions? Under what circumstances might someone admit to a crime they have not committed? WBUR (Boston's NPR station) investigated Truong's case and has an extensive report, Anatomy of a Bad Confession: Part One and Two [more inside]
Hurricane Irene is the worst hurricane to hit the northeastern US in 50 years. President Obama has signed Emergency Declarations for North Carolina, New York, Virginia, Massachusetts, Connecticut, New Jersey, New Hampshire, Rhode Island and Maryland. At least 8 people are known dead, and 2 million are without power. [more inside]
Traditional patterns exquisitely turned into objects of little worth l car | tv | polo shirts by Li Xiaofeng | Twisted porcelain | The Porcelain War Museum and more by Charles Krafft | Manga Ormolu by Brendan Tang | Ming meets the tin can by Lei Xue. [more inside]
Massachusetts witnesses the end of Greyhound Racing. Today is the last day of Greyhound racing at The Revere, Massachusetts Wonderland Greyhound track. After a 2008 referendum vote put on the ballot by Grey2K and others the 74 year tradition of Greyhound racing at the former Victorian era Wonderland amusment park will end with a slate of 12 races tonight. Some say this is a great day to be at the dogs, some say this is a great day for the dogs. Still others say that the majority of dogs will be moved to other states and lose out on the hoped for opportunity to be adopted. In the end hundreds will lose their jobs in a state with 9.7% unemployment. The fate of the dogs is uncertain, and Boston's famed Revere Beach loses its final attraction.
"For a long time it has been a kind of martial arts Loch Ness monster: an American fighting form with supposedly sinister origins that many have heard of but few have seen or experienced. No one, it seemed, had any concrete proof that it existed, or at least none they were willing to share. Until (2:36) recently." Longer (5:19) ver here [more inside]
Prison and the Mentally Ill in Massachusetts: The Globe reports on the pitfalls and consequences of using a retribution-based correctional system on the criminally insane in MA, as inmates in the state kill themselves at triple the national rate. Part I. Part II. Part III (in tomorrow's Globe). Photos of the system's most troubled. Last words of some disturbed inmates. [more inside]
Defying Demographics: A look at University Park Campus School, a 7-12th grade school located in the poorest neighborhood in blue-collar Worcester, MA. Approximately 73% of students hover at or below the poverty line and 61% are minorities, yet over 80% go on to college and 99% pass the Massachusetts graduation exams. The partnership between Clark University and Worcester Public Schools has created an environment so successful that a number of cities are looking to emulate it. Have they discovered the key to closing the achievement gap?
Because we were under the influence [...], we had little choice but to concentrate only on what we were playing and thus, did not move around a great deal.