GOOD DAY FOR: Rolling the credits, as Hollywood has largely managed to avoid last week’s freezing up of lending. Production company Media Rights Capital closed on a $350 million line of revolving credit from JPMorgan and Comerica on Friday, and Steven Spielberg secured $700 million through JPMorgan last week to start a production unit with India’s Reliance Big Entertainment. (The New York Times)
BAD DAY FOR: Good help, as the collapses in the banking world are starting to be felt in the world of the elite British nanny. Paying up to $73,000 a year for top-notch child care is harder to justify when you’ve lost your top-dollar banking or money-management job. Nanny staffing agencies in London say they’re starting to see layoffs and lower salaries. (Reuters)
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.
-
5 exclusive cartoons about Trump and Putin negotiating peaceCartoons Artists take on alternative timelines, missing participants, and more
-
The AI arms raceTalking Point The fixation on AI-powered economic growth risks drowning out concerns around the technology which have yet to be resolved
-
Why Jannik Sinner's ban has divided the tennis worldIn the Spotlight The timing of the suspension handed down to the world's best male tennis player has been met with scepticism
