GOOD DAY FOR: Cracking the floodgates, after Florida local governments withdrew more than $1.1 billion from a state-run investment pool in the first day after a week-long freeze on the account. Before the freeze, depositors had withdrawn more than $10 billion of the $25 billion fund following reports that it had exposure to mortgage-backed securities. Florida officials expressed relief that more wasn’t taken out. (AP in The New York Times)
BAD DAY FOR: Care Bears, after former Chicago football coach Mike Ditka’s charity for needy retired players has given out only $57,000 of the more than $1.3 million it has collected. Ditka has chastised the players union and Congress for not helping the players more. By this point, “you ought to be announcing ‘We just gave away a half a million,’” union spokesman Carl Francis said of Ditka. “Unless, of course, you didn’t.” (USA Today)
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.
