GOOD DAY FOR: Toy shoppers, after retailer KB Toys filed for bankruptcy protection and announced that it would immediately start going-out-of-business sales at its 431 locations. This is the second bankruptcy for the 86-year-old toy story, after a 2004 stint in bankruptcy court. KB Toys employs about 4,400 year-round workers and another 6,515 seasonal employees during the holiday season. (Newsday)
BAD DAY FOR: Bold predictions, after Goldman Sachs energy analysts who foresaw imminent $200-a-barrel oil prices earlier this year lowered their 2009 forecast to $45 a barrel. The analysts see oil rising to $70 a barrel by 2010 and $105 a barrel by 2012. (Reuters)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Why Mitt Romney is perfectly poised for a comeback in 2016
- Why is the West so afraid of Islam?
- 8 secrets to steal from power networkers
- Here's the schedule very successful people follow every day
- What would a U.S.-Russia war look like?
- The best places to find love — and lust — according to science
- The Nazi smart bomb that inspired China's most dangerous weapon
- How to make classic pulled pork
- Don't vote for Andrew Cuomo
- Why GOP reformers are bound to fail
Subscribe to the Week