Floyd “Money” Mayweather’s earnings in last week’s much-hyped fight against Saul “Canelo” Alvarez: $41,500,000 in total, $3,458,333 per round, $1,152,778 per minute, and $19,213 per second.
A generation of renters?
Since the recession, Millennials have steered clear of homeownership more than any other age group. From 2006 through 2011, the number of 25- to 34-year-old renters grew by more than 1 million, while the number who owned homes fell by nearly 1.4 million.
Crazy for fried chicken
A fried chicken craze has hit South Korea, with 36,000 chicken restaurants now open there—a threefold increase since 2003. An estimated 7,400 new fried chicken restaurants launch every year, while 5,000 go bankrupt.
The Wall Street Journal
Median income falls
The median income for American households was $51,017 in 2012, according to the U.S. Census Bureau—down 8.3 percent from 2007.
Inflation remains low
The Consumer Price Index rose 0.1 percent last month, thanks largely to gains in rents and medical care. Prescription drugs posted their largest increase since July 2007, spurring overall medical care costs up 0.6 percent. Lower-than-expected inflation could make the Fed more willing to reduce its bond-buying program.
Divvying up Madoff's billions
Some $2.35 billion in forfeited assets of Bernard Madoff’s Ponzi scheme are still in limbo. Distribution has been delayed because the government-appointed administrator is “having trouble distinguishing Madoff ‘victims’ from ‘customers.’”