In October 1980, Stanford University biologist Ehrlich and University of Maryland economist Julian Simon drew up a futures contract obligating Simon to sell Ehrlich the same quantities that could be purchased for $1,000 of five metals (copper, chromium, nickel, tin, and tungsten) 10 years later at 1980 prices. If the combined prices rose above $1,000, Simon would pay the difference. If they fell below $1,000, Ehrlich would pay Simon the difference. In October 1990, Ehrlich mailed Simon a check for $576.07. Simon won the bet. Environmental historian Paul Sabin uses this famous wager to frame 40 years of rancorous debate over humanity's impact on the planet and the prospects for human flourishing in his intriguing new book, The Bet: Paul Ehrlich, Julian Simon, and Our Gamble over Earth's Future. In his review, Reason Science Correspondent Ronald Bailey picks a side.
"She's a favorite of the Russians and they have a bunch of sites and bots and other ways of supporting her so far."
The company says it will sell only tobacco, mint, and menthol pods unless and until the FDA officially approves other varieties.
Chicago Teachers Go on Strike to Demand Higher Pay, Smaller Class Sizes, New Schools, More Staff, and Affordable Housing
More than 300,000 students in Chicago were out of school on Friday as the teachers strike continued.
San Francisco Falafel Shop Owner Says Neighborhood Has Enough Falafel, Asks City to Block Rival Falafel Shop Next Door
San Francisco gives its Planning Commission nearly unlimited discretion to deny or condition permits, making life hell for business owners.