GOOD DAY FOR: Refinancing, after analysts predicted that the Federal Reserve’s decision to buy up to $750 billion more in mortgage-backed securities could push the U.S. mortgage rate down to 4.5 percent, its lowest rate since the 1940s. The Fed has now agreed to buy up to $1.25 trillion in the securities, in a bid to breathe life into the housing sector. “It’s a big bullet the Fed’s firing here,” said Weiss Research real estate analyst Mike Larson. “The Fed is kind of going all in.” (Bloomberg)
BAD DAY FOR: Googling down under, after moves by the Australian government to enforce a 2007 law that bans online child pornography and other illicit content could end up making Google and many other Web sites illegal. As written, the law regulates not just content, but links to outlawed content, too. (The Inquisitr)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- How academia's liberal bias is killing social science
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Dick Cheney's America is an ugly place
- The Hobbit: A disappointing set of movies, but a worthy set of prequels
- America is building a Sunni army in Iraq to take on the Islamic State
- How to make the ultimate grilled cheese
- 43 TV shows to watch in 2014
- The liberation of Barack Obama
- The age of miracles is over — even for the religious
- Terrorists are threatening to attack movie theaters showing The Interview. You should go see it anyway.
Subscribe to the Week