GOOD DAY FOR: Loonie banking, after a World Economic Forum survey found that Canada has the world’s soundest banking system. Britain, once in the Top 5, came in at No. 44, while the U.S. ranked 40th. Rounding out this year’s Top 5 are Sweden, Luxembourg, Australia, and Denmark. (Reuters)
BAD DAY FOR: Happy anniversaries, as the Dow Jones Industrial Average hit its record high a year ago today; yesterday it closed down 189 points, to a five-year low, continuing a six-day, 15 percent slide. The coordinated interest rate cuts were like a timely ambulance arriving, said Art Hogan at Jefferies & Co. Traders were relieved, but “then they stop and think . . . right, we need an ambulance.” (The Wall Street Journal)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- What would a U.S.-Russia war look like?
- 10 things you need to know today: September 1, 2014
- Fall movie guide: All the films you should see in September
- Scottish independence is another financial crisis waiting to happen
- Hey, grammar nerds! Stop freaking out about 'alot.'
- Why the West should let Russia have eastern Ukraine
- 7 things the world's happiest people do every day
- 7 grammar rules you really should pay attention to
- Why you should stop believing in evolution
- 11 scientific studies that will restore your faith in humanity
Subscribe to the Week