OOD DAY FOR: Getting used, as the new wave of economy-fueled frugality is boosting sales at secondhand stores. While retailers like Macy’s are struggling, Winmark has seen double-digit jumps in same-store sales at its four used-item franchises, Plato’s Closet, Play It Again Sports, Once Upon a Child, and Music Go Round. Winmark itself posted a 19 percent jump in quarterly profit. Goodwill and Salvation Army have also reported increasing sales. (MarketWatch)
BAD DAY FOR: Hedge funds, after new estimates from Singapore-based Eurekahedge have the global hedge fund industry losing $100 billion in assets in October. Market losses and investor withdrawals hammered the $1.7 trillion industry. (Bloomberg)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Why are so many elderly Asians killing themselves?
- Why ABC threw its Bachelor under the bus
- What would a U.S.-Russia war look like
- Why I'm sick and tired of seeing naked women on HBO
- Driverless cars may be an environmental disaster
- Why Ted Cruz is the real-life Frank Underwood
- Here's proof that Justin Bieber is just as spoiled as you always thought
- What would a U.S.-Russia war look like?
- Watch Zach Galifianakis get annoyed at President Obama on Between Two Ferns
- 4 easy ways to resolve life's toughest questions
Subscribe to the Week