Escaping from poverty
Almost 40 percent of adults between the ages of 25 and 60 will spend at least one year earning less than 150 percent of the poverty line. But most Americans will eventually recover: Just 11.6 percent will spend five years or more impoverished, and only 6.1 percent of Americans spend five or more consecutive years in poverty.
Article continues belowThe 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.
Solo living rises
Twenty-seven percent of Americans lived alone last year. In 1970, in contrast, only 17 percent lived in single-person households.
The Wall Street Journal
Geithner to join Warburg Pincus
Timothy Geithner has a new job. The former Treasury secretary will join private-equity firm Warburg Pincus next year, venturing into the private sector for the first time in 25 years. He will serve as the company’s president and managing director.
TheWire.com
News from the consumer price index
The consumer price index fell 0.1 percent last month, down from a 0.2 percent gain in September. The decrease was mostly due to a 2.9 percent drop in gasoline costs, the largest reduction in pump prices since April. Prices for new cars, clothes, and medical care also declined, while airfares “rose a whopping 3.6 percent.”
NBCNews.com
2013's best-performing stock
Boeing currently tops the Dow Jones industrial average’s list of this year’s best-performing stocks, rising more than 80 percent since Jan. 1. But many hedge funds are dumping the stock: According to data from research firm FactSet, the top 50 funds pulled nearly $1.3 billion out of Boeing last quarter and poured nearly $2 billion into Facebook stock.
CNN.com