Bernie Madoff follows Ponzi to Atlanta, the French insure the sun
Good day for history repeating itself; Bad day for three days of rain

GOOD DAY FOR: History repeating itself, after Bernard Madoff was transferred to the same medium-security federal prison in Atlanta where famed conman predecessor Charles Ponzi served time. Madoff will start serving his 150-year term there, before reportedly being moved to a federal prison in North Carolina. The 71-year-old’s projected release date is Nov. 14, 2139. (Bloomberg)

BAD DAY FOR: Three days of rain, as French travel agencies Pierre et Vacances and FranceLoc are offering a new weather insurance program for vacationers, with participants getting up to $550 back if their holiday is spoiled by at least four days of rain in any given week. Insurer Aon France will use weather satellite images to determine compensation. (Reuters)



Subscribe to the Week