Temasek quits BofA, and a dad fails to hire his 14-year-old a hooker
Good day for cutting your losses, Bad day for a happy Sweet 14
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)
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
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.
-
Quiz of The Week: 8 - 14 February
Have you been paying attention to The Week's news?
By The Week Staff Published
-
The Week Unwrapped: Why Trump is getting rid of the penny
Podcast Plus, what does the Chagos Islands deal mean for the island's inhabitants? And do personality tests discriminate against neurodivergent job applicants?
By The Week UK Published
-
The week's best photos
In Pictures A splash of color, a robotic lion, and more
By Anahi Valenzuela, The Week US Published