GOOD DAY FOR: A good lawyer, as the IRS is seeking $143.6 million in back taxes from billionaire Philip Anschutz, according to The Wall Street Journal. The IRS says that Anschutz earned $429 million in capital gains from so-called prepaid forward taxes, in which he received cash and a share of future increases in stock price; Anschutz said the deals were not completed sales, for tax purposes. (The Denver Post)
BAD DAY FOR: Broken records, after the national average price for gas finally broke through the $4 barrier yesterday, according to AAA. The gas price follows the record gains oil made Friday, when the price per barrel jumped $10 to near $140. (AP in Yahoo! Finance) The price of corn also reached a new high, after rising 8.6 percent last week. Corn prices are up 47 percent this year. (Bloomberg)
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.
-
Today's political cartoons - March 9, 2025Cartoons Sunday's cartoons - proportional protests, shakedown diplomacy, and more
-
A wine-themed tour of beautiful UruguayThe Week Recommends Secret paradise in South America boasts beautiful vineyards
-
Romanian democracy: no place for the 'TikTok messiah' Calin GeorgescuTalking Point State is 'fighting back' against poster boy for right-wing conspiracists
