GOOD DAY FOR: That ’70s economy, as home sales in the U.K. fell to their lowest level in at least 30 years. British real estate agents sold an average of 11.5 homes each in the quarter—the lowest rate since the Royal Institution of Chartered Surveyors started counting in 1978. With financial crises dominating the news, said real estate agent Kim Turner at Bective Leslie Marsh in London, "buyers are incredibly wary of the market and prices.” (Bloomberg)
BAD DAY FOR: Sealing the deal, after Waste Management, United Technologies Corp., and three other companies all withdrew buyout offers for smaller rivals Monday. The offers, worth a total of $11.39 billion, fell apart as the cost of raising financing and obtaining debt rose in the current financial turmoil. (The New York Times)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Did the media get Ferguson wrong?
- What the Middle Ages can tell us about the GOP's big charity myth
- America's anti-feminist mega-corporations' toxic disregard for women must stop
- The U.S. is about to sell weapons to Vietnam. That's bad news for China.
- 43 TV shows to watch in 2014
- 10 things you need to know today: October 24, 2014
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- How foreign aid screwed up Liberia's ability to fight Ebola
- An open letter to #brands about Gamergate
Subscribe to the Week