Bailout banks lose $418 billion
The federal government has deposited $165 billion into the country’s eight largest banks since October. But over those four months, the eight banks have actually lost $418 billion in value, and as their stock prices plunged, taxpayers’ preferred shares declined in value by $20 billion.
Membership in criminal gangs swells
Criminal gangs in the U.S. have swelled to around 1 million members, an increase of more than 200,000 since 2005, a new Justice Department report found. Gangs are now “the primary retail distributor of most illegal drugs,” the report said, and are responsible for up to 80 percent of the crime in many communities.
Team names and Super Bowl victories
With the Pittsburgh Steelers’ victory in Super Bowl XLIII, teams named after some category of human being have won 30 of these pro football championship games. Teams named after horses have won four Super Bowls; mythical figures (Giants), three; other land-based animals (Bears, Rams), two; aquatic mammals (Dolphins), two; and birds, one.
The New York Times
U.S. stock market sees worst January in history
U.S. stock markets finished their worst January in history, with the Dow Jones average falling 8.8 percent.
The Wall Street Journal
Hollywood sees first billion-dollar January
Hollywood had its first billion-dollar January in history, raking in $1.03 billion at the box office, a 19 percent increase over January 2008.
Los Angeles Times
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The U.S. is about to sell weapons to Vietnam. That's bad news for China.
- What the Middle Ages can tell us about the GOP's big charity myth
- Why is the Pentagon stuffing caves in Norway full of tanks?
- The most sensible GOP alternative to ObamaCare comes from a Senate candidate who is almost sure to lose
- 10 things you need to know today: October 23, 2014
- The one thing the New Atheists get right about religion
- 43 TV shows to watch in 2014
- Did Republicans overshoot on the Ebola panic?
- 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
Subscribe to the Week