GOOD DAY FOR: Good deeds, after deep-pocketed philanthropist Bill Gates fell to No. 3 on Forbes’ annual list of the world’s wealthiest people, following new No. 1 Warren Buffett and runner-up Carlos Slim Helu of Mexico. Gates gave $695 million to his foundation last November. Still, he raked in $2 billion last year, bringing his remaining fortune to $58 billion. Buffett is worth $62 billion. (Bloomberg)
BAD DAY FOR: Safety in houses, after private equity giant Carlyle Group’s publicly traded Carlyle Capital Corp., which buys investment-grade mortgage bonds, was served a default notice for failing to meet margin calls. Carlyle said the market was undervaluing the assets in question, mostly AAA-rated bonds from Fannie Mae and Freddie Mac. (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.
-
California mulls pulling health care from eligible undocumented migrantsIN THE SPOTLIGHT After pushing for universal health care for all Californians regardless of their immigration status, Gov. Gavin Newsom's latest budget proposal backs away from a key campaign promise
-
Is Apple breaking up with Google?Today's Big Question Google is the default search engine in the Safari browser. The emergence of artificial intelligence could change that.
-
Music reviews: Eric Church, Blondshell, and Model/ActrizFeature "Evangeline vs. the Machine," "If You Asked for a Picture," and "Pirouette"
