GOOD DAY FOR: Cows, as the economic downturn has budget-conscious shoppers “trading down” from beef and pork to chicken, according to Safeway and Deutsche Bank. Poultry farms and processors stand to gain from the trend, as well as from a drop in grain prices. (Bloomberg)
BAD DAY FOR: A divorce, after Bernard Madoff’s lawyer asked the courts to shield the Madoffs’ $7 million New York penthouse and another $62 million in assets from victims of his alleged Ponzi scheme, on the grounds that they belong to Madoff’s wife, Ruth. The assets “are unrelated to the alleged Madoff fraud and only Ruth Madoff has a beneficial interest in these assets,” said Madoff lawyer Ira Sorkin. So far, $970 million has been recovered for defrauded Madoff investors. (AP in Yahoo! Finance)
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
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- The uncomfortable truth in The Giving Tree
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
Subscribe to the Week