OOD 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 is American internet so slow?
- What would a U.S.-Russia war look like?
- Don't worry: World War III will almost certainly never happen
- What the collapse of the Ming Dynasty can tell us about American decline
- The Daily Show explains Hamid Karzai's 'Afghan Hustle'
- Watch The Daily Show mock Fox News' confused man-crush on Vladimir Putin
- 22 TV shows to watch in 2014
- 4 life hacks from ancient philosophers that will make you happier
- Russia's Ukraine invasion is a moral crisis
- Mitt Romney, 2016 frontrunner*
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