GOOD DAY FOR: Final payments, as collecting on the debts of dead people from their relatives is one of the bright spots in the otherwise grim debt collection industry. In many cases, the relatives agree to pay off the dead person’s credit card or cellphone bill, even though they often have no legal responsibility to do so. “We want the dead to rest easy, knowing their obligations are taken care of,” explains industry consultant Michael Ginsberg. (The New York Times)
BAD DAY FOR: Job seekers, after a survey of payroll data by ADP Employer Services showed that U.S. private employers cut 697,000 jobs in February. Economists were expecting about 630,000 cuts. The ADP report, coming before Friday’s official Labor Department jobless numbers, signals the 14th straight month of net U.S. job losses. In all, more than 4.2 million Americans have lost their jobs in the current downturn. (Bloomberg)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The Obama era is over. The presidency continues.
- America created the Islamic State of Iraq and Syria? Meet the ISIS 'truthers'
- What is Molly? Everything you need to know about the party drug
- What would a U.S.-Russia war look like?
- How American businessmen are ruining American business — and the U.S. economy
- Russia's giant spy ship was a high-tech disaster waiting to happen
- The constant struggle of running a family farm in 21st century America
- How Harry Houdini escaped death
- How to stop misogynists from terrorizing the world of gamers
- On ISIS, neocons and liberal hawks have a 'boy who cried wolf' problem
Subscribe to the Week