Good day for: Moving, as the number of people buying existing homes in April posted the largest monthly jump in nearly eight years, according to the National Association of Realtors. The statistic suggests that sales the long and painful slump is nearing an end, Jennifer Lee, an economist at BMO Capital Markets, wrote in a note to clients. "Now if only prices would stabilize." (AP in Yahoo Finance)
Bad day for: Relating to the common man, as billionaire Mayor Michael Bloomberg said at a campaign event Monday that President Obama, who earns $400,000 a year and has made millions of dollars from book sales, "doesn't get paid that much" and is "on a budget" like millions of Americans. Forbes magazine ranks Bloomberg, whose net worth is $16.5 billion, as the 17th wealthiest person in the world. (BusinessWeek)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 43 TV shows to watch in 2014
- Watch out, China — America is working on dogfighting drones
- How liberals are unwittingly paving the way for the legalization of adult incest
- How the Simpsons/Family Guy crossover revealed the worst of both shows
- Ted Cruz is the new Sarah Palin
- Libertarianism's terrible, horrible, no good, very bad idea
- 6 things the happiest families all have in common
- How our botched understanding of 'science' ruins everything
- Why you probably don't have Ebola — even if you shook hands with America's 'patient zero'
Subscribe to the Week