GOOD DAY FOR: Racing downhill, as Nascar sponsors are hitting the breaks on advertising at the No. 2 U.S. sport by TV viewership. With GE, Chrysler, Sears, Chevron, and other sponsors sitting out this round, Nascar is having trouble finding enough cars to race. Dario Franchitti, winner of the 2007 Indy 500, was forced out this year due to a dearth of firms willing to sponsor his cars. (Bloomberg)
BAD DAY FOR: Silvio Berlusconi, as the Italian prime minister and media magnate has lost more than $2 billion, or about a quarter of his wealth, in the financial meltdown. Italy’s stock market, one of the worst hit, has shed 38 percent this year; Berlusconi’s Mediaset has lost 34 percent since May. (Variety)
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.
-
July 6 editorial cartoonsCartoons Sunday’s political cartoons include paying for school lunch by enlisting, and the banality of evil
-
5 biting editorial cartoons about 'Alligator Alcatraz'Cartoons Artists take on dangerous green things, historical precedent, and more
-
A journey into the deep past on beautiful ArranThe Week Recommends New Unesco Global Geopark played a 'key role' in the birth of modern geological science
