OOD 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
- Why ABC threw its Bachelor under the bus
- Why are so many elderly Asians killing themselves?
- Why I'm sick and tired of seeing naked women on HBO
- Here's proof that Justin Bieber is just as spoiled as you always thought
- 22 TV shows to watch in 2014
- Here's how Iran is covering Russia's invasion of Crimea
- Why Ted Cruz is the real-life Frank Underwood
- Watch Zach Galifianakis get annoyed at President Obama on Between Two Ferns
- 4 easy ways to resolve life's toughest questions
- What would a U.S.-Russia war look like?
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