GOOD DAY FOR: Cutting your losses, after Singapore’s state holding company Temasek sold its 3.8 percent stake in Bank of America, reportedly taking a loss of up to $4.6 billion on the $5.9 billion it sunk into Merrill Lynch before it was bought up by BofA. Temasek, which now has about $87 billion in assets, said it is switching its holdings out of Wall Street, to emerging markets. (Bloomberg)
BAD DAY FOR: A happy Sweet 14, after a Polish father was arrested in Britain for trying to hire a prostitute as a birthday present for his 14-year-old son. The 42-year-old father let his son choose the woman who was to take his virginity, but the boy chose an undercover cop. The father was given a suspended prison sentence and allowed to keep custody of his son. (Reuters)
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