Good Day, Bad Day
Good deeds, safety in houses
GOOD DAY FOR: Good deeds, after deep-pocketed philanthropist Bill Gates fell to No. 3 on Forbes’ annual list of the world’s wealthiest people, following new No. 1 Warren Buffett and runner-up Carlos Slim Helu of Mexico. Gates gave $695 million to his foundation last November. Still, he raked in $2 billion last year, bringing his remaining fortune to $58 billion. Buffett is worth $62 billion. (Bloomberg)
BAD DAY FOR: Safety in houses, after private equity giant Carlyle Group’s publicly traded Carlyle Capital Corp., which buys investment-grade mortgage bonds, was served a default notice for failing to meet margin calls. Carlyle said the market was undervaluing the assets in question, mostly AAA-rated bonds from Fannie Mae and Freddie Mac. (Reuters)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- The U.S. is about to sell weapons to Vietnam. That's bad news for China.
- What the Middle Ages can tell us about the GOP's big charity myth
- Why is the Pentagon stuffing caves in Norway full of tanks?
- The most sensible GOP alternative to ObamaCare comes from a Senate candidate who is almost sure to lose
- 10 things you need to know today: October 23, 2014
- When Khomeini said no to Iranian nukes
- The one thing the New Atheists get right about religion
- 43 TV shows to watch in 2014
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Did the media get Ferguson wrong?
Subscribe to the Week