GOOD DAY FOR: Frugality, after the Federal Reserve reported that U.S. households’ net worth fell by 18 percent, or $11 trillion, last year, in the biggest loss since the Fed started tracking household wealth after World War II. Led by housing and stock losses, the drop in wealth takes U.S. households back to 2004 levels. In all, U.S. households had a combined net worth of $51.48 trillion at the end of 2008. (The Wall Street Journal)
BAD DAY FOR: Free publicity, after a London-based insurance company, Willis Group Holdings, bought the naming rights to Chicago’s Sears Tower, the world’s tallest building when it was built in 1973 and still the Western Hemisphere’s tallest. Willis will also rent 140,000 square feet in the newly renamed 110-story Willis Tower. Sears moved out the building and relocated to the suburbs in 1992. (Chicago Tribune)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Why Mitt Romney is perfectly poised for a comeback in 2016
- Here's the schedule very successful people follow every day
- Why is the West so afraid of Islam?
- What would a U.S.-Russia war look like?
- The mystery behind China's aggressive push into space
- The best places to find love — and lust — according to science
- 7 grammar rules you really should pay attention to
- Why GOP reformers are bound to fail
- How a drafting error could doom Obama's carbon regulations
- Don't vote for Andrew Cuomo
Subscribe to the Week