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Methland: The Death And Life of an American Small Town By Nick Reding Bloomsbury USA; 255 pages...
...1930s, doctors touted methamphetamine as a miracle drug "that would end the need for all others." Today it's one of the most addictive and dangerous substances in the world. In this case study, journalist Nick Reding examines how the meth epidemic decimated Oelwein, Iowa (pop. 6,159), where police at one point were dismantling two crank labs a week. For Reding, who spent four years reporting among Oelwein's addicts, officials and residents, the drug is more than just a small-town scourge. Meth, he writes, is a metaphor for the "cataclysmic fault lines formed by globalization." After agribusiness...
...StanChart can repeat 2008's performance this year. Brokerage CLSA predicts pretax profit growth will slow to 4% in 2009. Reflecting the heightened risk, Standard & Poor's in late April revised its outlook for the bank to negative. "The biggest single worry is the economies in the region," says Nick Hill, bank credit analyst at Standard & Poor's in London. "We think they've taken measures to pull in their horns, but it is a bit of a stretch to say they're immune from the environment." StanChart executives insist that their carefully managed loan portfolio can withstand the recession...
...Nick Gibson, analyst at Games Investor Consulting, says that while the $7.85 billion RPG market is expected to increase by a healthy 27% this year, the micropayments submarket will grow by an even more robust 40% to 50%. That's partly because customers seem to prefer not being locked into playing just one or two online games by stiff up-front charges and subscriptions. And, freed from paying a set fee each month, some players actually end up spending more. Four years ago, Shanda Interactive Entertainment, China's biggest online-game developer, ditched subscriptions for the freemium model and turned...
...NICK AT NITE picks up Malcolm in the Middle, starting least-retro war with VH1's I Love the New Millennium...