Bernie Madoff follows Ponzi to Atlanta, the French insure the sun
Good day for history repeating itself; Bad day for three days of rain
GOOD DAY FOR: History repeating itself, after Bernard Madoff was transferred to the same medium-security federal prison in Atlanta where famed conman predecessor Charles Ponzi served time. Madoff will start serving his 150-year term there, before reportedly being moved to a federal prison in North Carolina. The 71-year-old’s projected release date is Nov. 14, 2139. (Bloomberg)
BAD DAY FOR: Three days of rain, as French travel agencies Pierre et Vacances and FranceLoc are offering a new weather insurance program for vacationers, with participants getting up to $550 back if their holiday is spoiled by at least four days of rain in any given week. Insurer Aon France will use weather satellite images to determine compensation. (Reuters)
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