OOD DAY FOR: Short sellers, after the Strunk Short index jumped 10.47 percent in June, signalling the best month since March 2001 for betting against the market. The index rose 19.34 percent in the first half of 2008. (MarketWatch)
BAD DAY FOR: Meritocracy, after new immigration rules in Britain designed to attract only highly skilled workers would exclude the founders of Microsoft, Apple, and Dell, and other entrepreneurs because they don’t have a college degree. If you’re a 22-year-old American with a bachelor’s degree and a $52,000 salary, says Sophie Barrett-Brown at the Immigration Law Practitioners Association, “you can come in, but Bill Gates can’t.” (Bloomberg)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Who are the real gay marriage bigots?
- Why is American internet so slow?
- What would a U.S.-Russia war look like?
- Watch The Daily Show mock Fox News' confused man-crush on Vladimir Putin
- Don't worry: World War III will almost certainly never happen
- The one simple thing that can make you much more impressive
- What the collapse of the Ming Dynasty can tell us about American decline
- The Daily Show's Aasif Mandvi dismantles another ObamaCare myth
- How to take the perfect profile picture for online dating, according to science
- Religious liberty should be a liberal value, too
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