Oreos Are as Addictive as Cocaine, & 6 More Things You'll Want to Know Today

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Kraft Foods Split (FILE - In this Feb. 9, 2011 file photo, a shopper selects Oreo cookies by Nabisco - part of the Kraft Foods I
AP
Here's a quick rundown from the world of business and economics this morning: the things you need to know, and some you'll just want to know.

• Shareholders in Mondelez (MDLZ) can only be pleased with this news: Researchers at Connecticut College have discovered that Oreo cookies are as addictive as cocaine -- at least to lab rats. We're sure they'll have plenty of volunteers if they ever decide to advance the study of America's most popular cookie with human trials. (We're not sure Kellogg could offer snackers quite the same rush from Pecan Pie flavored Pringles. But we're curious.)

• There's an old joke about the businessman who prices his wares so cheap, he loses money on everything he sells. "But what I lose on margin," he says, "I make up on volume." No shock, the punchline doesn't work any better for Twitter. The microblogging giant raked in $168.6 million in revenues last quarter, more than double the $82.3 million it took in a year ago. But Twitter's net loss was $64.6 million -- more than triple the $21.6 million it lost a year ago. Yes, its revenue per user is up. But this is the IPO that's got Wall Street all abuzz?

• The robots' war on humanity is apparently well under way -- and we're losing. But never fear. When the Terminator shows up, he won't be coming to kill us. The machines are coming for our jobs.

(No, of course we're not going to ignore the elephant in the room ... Let's talk Washington.)

• Tuesday's GOP House proposals to end the budget and debt ceiling standoff were dead on arrival after Speaker John Boehner (R-Ohio) was unable to rally Republicans and Tea Partiers behind them. That shifts the last-minute effort to avert a federal debt default back to the Senate, where Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) worked late into the night to craft a deal.

• For the sake of argument, let's say Congress can't get its act together today and raise the debt ceiling. After Thursday, the government will have only what money comes in each day to pay that day's bills. That'll amount to about $7 coming in for every $10 owed. Now, if that happens to a family, they can prioritize their bills -- pay the mortgage, let the cable and cellphone bills go past due, etc. But the massive Treasury computer system -- which handles 80 million payments a month -- isn't designed for that, and even if modifications to prioritize some payments over others were possible, they may not be technically legal.

• You can always count on Warren Buffett to be a straight shooter. On Wednesday, the Oracle of Omaha said allowing the U.S. to default would be a "pure act of idiocy." He then said the threat to not raise the nation's debt limit "after you've already spent the money" is a "political weapon of mass destruction" comparable to poison gas, and shouldn't be used by either party.

• And, finally, the Nobel Prize in Economics goes to ... WAIT! Don't let your eyes glaze over. We know economics is "the dismal science," but seriously, the three guys who won this year have some genuinely interesting things to say about how money behaves in our complex and imperfect real world. Miles Kimbal over at Quartz did a great article explaining what they did to earn the Nobel, and why it matters to you.


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24 Comments

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ectullis

Yet another study by professional grant takers paid for by us.

October 17 2013 at 12:22 AM Report abuse rate up rate down Reply
KeyLemPi

Thankfully I can't stand the taste of Oreos. Now if they brought back Double Fudge Sandwich cookies, I'd be addicted!

October 16 2013 at 10:59 PM Report abuse rate up rate down Reply
semperfitexan

I don't think they are serious . I've seen people who were addicted to heroin and I've seen folks eat a lot of Oreos . It just was not the same .

October 16 2013 at 9:15 PM Report abuse rate up rate down Reply
CAMERON

I love Oreo' for 50 yr's cold milk. Yummy good

October 16 2013 at 7:18 PM Report abuse +1 rate up rate down Reply
geeman108

Just more proof of the downfall of the media. Take a study of some college kids, I forget which school. No nothing about the study or the kids and the media blows it way out of proportion. What iidiots.

October 16 2013 at 6:41 PM Report abuse rate up rate down Reply
geezerearl

Lab rats arent bred 4 brains so i'm not surprised.

October 16 2013 at 5:30 PM Report abuse +1 rate up rate down Reply
gcup

It seems these people have never had to deal with real addiction or they would realize how stupid it is to imply something like this.

October 16 2013 at 5:23 PM Report abuse rate up rate down Reply
Eric

That has to be one of the stupidest studies out there. I sure hope it was federally funded....it would be very fitting. I worked in a rehab for 7 years and an additional 7 years in a related field. Oreos are pretty beneign compared to cocaine. No kidding, rats prefer food over dope....what a shock.

There was once a study, back in the 70's, about the effects of alcohol on fish. It cost $300,000 to find out fish get drunk. I did the same thing with half a bottle of MD20/20. It cost $1.20. They swim erratically, bang into the side of the tank and sleep the next day.

October 16 2013 at 5:15 PM Report abuse rate up rate down Reply
Annika

Oreos aren't addicting. Chocolate though...now that's a different story!

October 16 2013 at 5:14 PM Report abuse +1 rate up rate down Reply
sylvabugg2

I don't care for Oreos at all. The filling is disgusting. Tastes like sugared lard.

October 16 2013 at 5:01 PM Report abuse rate up rate down Reply