OOD DAY FOR: The sincerest form of flattery, after Microsoft said that some of its new branded retail stores, slated to open in the fall, will be located right next to Apple’s successful retail stores. (Reuters)
BAD DAY FOR: Getting bailed out, as the 101-year-old commercial lender CIT Group took a big step towards bankruptcy following the collapse of federal financial rescue talks. CIT got $2.33 billion in TARP money in December, and federal regulators were apparently unconvinced by CIT’s assertion that it is too big to fail. It is unclear if the U.S. would recover any of the TARP funds in bankruptcy court. (Bloomberg)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- He said he was leaving. She ignored him.
- How my boyfriend and I learned to live on one income
- 31 TV shows to watch in 2014
- Why the poor's investment of choice is so alarming
- Affirmative action is doomed. Here's what progressives should do about it.
- Why China's Communist Party is headed for collapse
- What would a U.S.-Russia war look like?
- How to make perfect fried rice in 6 easy steps
- Why conservatives see rural America as the 'real' America
- What Pope John Paul II could have learned from Sinead O'Connor
Subscribe to the Week