Good day, Bad day
Liquid assets, Sparkle in Seattle
GOOD DAY FOR: Liquid assets, as equities-weary investors are flooding the fine-whisky market. Eleven months after the launch of a Dutch online market for rare Scotch, the World Whisky Index has produced an average return or 26.2 percent, versus a 40 percent drop in the MSCI World stock index. The top performer, a 30-year old Bowmore Scotch whisky in a ceramic bottle, has gained about 137 percent. (Reuters)
BAD DAY FOR: Sparkle in Seattle, after the collapse of Washington Mutual has thrown the city’s philanthropies, including its July 4 fireworks show, into disarray. WaMu, besides sponsoring the fireworks, gave money to charities, the Seattle Symphony, and theater groups. “We don’t expect our fundraising to tank” without WaMu, said Jared Erlandson of United Way of King County, “but we know it’s tightening.” (Bloomberg)
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
'The House under GOP rule has become a hostile workplace'
Instant Opinion Opinion, comment and editorials of the day
By Harold Maass, The Week US Published
-
The Shohei Ohtani gambling scandal is about more than bad bets
In The Spotlight The firestorm surrounding one of baseball's biggest stars threatens to upend a generational legacy and professional sports at large
By Rafi Schwartz, The Week US Published
-
Feds raid Diddy homes in alleged sex trafficking case
Speed Read Homeland Security raided the properties of hip hop mogul Sean "Diddy" Combs
By Peter Weber, The Week US Published