The bottom line
Harsh winter disrupts the airline industry; Disney says no to Boy Scouts; Taylor Swift's earnings; Net worth of households reaches all-time high; Cash for Colorado's coffers
Harsh winter disrupts the airline industry
Harsh winter weather led to the cancellation of more than 75,000 flights by U.S. carriers in the first six weeks of the year, more than in any other period since the 9/11 attacks. United Continental, with hubs in Newark, N.J., and Chicago, was particularly hard hit.
Disney says no to Boy Scouts
Walt Disney Co. will not be donating its usual small grants to local troops of the Boy Scouts of America in 2015 because of the organization’s rule banning gay Scout leaders.
Los Angeles Times
Taylor Swift's earnings
Taylor Swift was the highest-earning musician last year, raking in $40 million through album sales, downloads, streaming royalties, and concert revenue. Earnings from Swift’s six-month Red Tour topped the pop starlet’s other income streams, with an estimated share of $30 million.
Net worth of households reaches all-time high
The net worth of U.S. households hit an all-time high of $80.66 trillion, thanks largely to jumps in the value of share portfolios and real estate holdings. According to the Federal Reserve, share values rose by 34 percent in 2013, almost doubling their value since 2009, while real estate values jumped 11.6 percent.
Cash for Colorado's coffers
In the first month since Colorado legalized recreational marijuana, licensed dispensaries have generated more than $14 million in sales. That includes $2 million of tax revenue, which—when combined with fees and taxes on medical marijuana sales—will put $3.5 million in the state’s coffers.