Good day for: Moving, as the number of people buying existing homes in April posted the largest monthly jump in nearly eight years, according to the National Association of Realtors. The statistic suggests that sales the long and painful slump is nearing an end, Jennifer Lee, an economist at BMO Capital Markets, wrote in a note to clients. "Now if only prices would stabilize." (AP in Yahoo Finance)
Bad day for: Relating to the common man, as billionaire Mayor Michael Bloomberg said at a campaign event Monday that President Obama, who earns $400,000 a year and has made millions of dollars from book sales, "doesn't get paid that much" and is "on a budget" like millions of Americans. Forbes magazine ranks Bloomberg, whose net worth is $16.5 billion, as the 17th wealthiest person in the world. (BusinessWeek)
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.
-
Unprepared for a pandemicOpinion What happens if bird flu evolves to spread among humans?
-
6 impressive homes in TorontoFeature Featuring floating stairs in Lytton Park and a two-tiered infinity pool in Banbury-Don Mills
-
Samantha Harvey's 6 favorite books that redefine how we see the worldFeature The Booker Prize-winning author recommends works by Marilynne Robinson, George Eliot, and more
