GOOD DAY FOR: A good lawyer, as the IRS is seeking $143.6 million in back taxes from billionaire Philip Anschutz, according to The Wall Street Journal. The IRS says that Anschutz earned $429 million in capital gains from so-called prepaid forward taxes, in which he received cash and a share of future increases in stock price; Anschutz said the deals were not completed sales, for tax purposes. (The Denver Post)
BAD DAY FOR: Broken records, after the national average price for gas finally broke through the $4 barrier yesterday, according to AAA. The gas price follows the record gains oil made Friday, when the price per barrel jumped $10 to near $140. (AP in Yahoo! Finance) The price of corn also reached a new high, after rising 8.6 percent last week. Corn prices are up 47 percent this year. (Bloomberg)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- This is what happens when Republicans actually enact their radical agenda
- Russia is stealthily threatening America with nuclear war
- How I dug myself out of debt — and stayed that way
- 43 TV shows to watch in 2014
- 6 things the happiest families all have in common
- The science of sex: 4 harsh truths about dating and mating
- 13 Urban Outfitters controversies
- Will the Higgs Boson destroy the universe in a cosmic death bubble?
- The impossible promise at the heart of Scotland's campaign for independence
- If Scotland leaves the union, is Northern Ireland next?
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