"The typical U.S. household headed by a person age 65 or older has a net worth 47 times greater than a household headed by someone under 35, according to an analysis of census data released Monday. While people typically accumulate assets as they age, this gap is now more than double what it was in 2005 and nearly five times the 10-to-1 disparity a quarter-century ago, after adjusting for inflation." READ MORE

Thanks to the college basketball championships, in which both Richmond, Virginia-based teams (Virginia Commonwealth University and the University of Richmond) performed admirably, we had cause to ponder, "Not sure why people are so into Richmond, Virginia." That's a reasonable question! Richmond is a mostly busted-ass city on the banks of the James River that's played host to such luminaries as George Allen, and also George Allen's wife—what's her name, the one who married George Allen. It's best known as the capital of the Confederacy, and, as many of the old-school Richmondites—by which I mean the "racist" ones—will probably tell you, that's basically where the city peaked. READ MORE

It's here! It's Tina Brown's Newsweek! There it is, between the huge amount of word-free space and a 2/3rds of a page devoted to a photograph of a shoe: Harvey Weinstein and Hillary Clinton as hot topics, with editorial buttressing from the minds of Larry Summers and the recently unemployed Kathleen Parker and Joanne Lipman. Mmm, it's like soaking in a nice warm bath of a comfortable yesterday—a happy, mature place of sort-of kind-of powerful people (the kind of people who have "power" at Michael's restaurant, or certain overpriced bistros in D.C.) explaining things simply and calmly (and sometimes correctly), with the occasional stroppy quote on the big proposition of last week. They each get to indulge in their favorite tics: Harvey gets to confess his "mistakes" which, in true job interview fashion, turn out to be his "strengths and learning experiences." Lipman gets to apolitically write about an atomic energy CEO, who is "hard-charging" and "a media darling." Larry Summers gets to not answer some good questions. I like the gumption behind all this! I am impressed that it directly addresses 44-year-olds—almost any other magazine launch would be gunning for 32-year-olds. The idea of making it a shiny weird semi-luxe thing (a giant picture of a shoe!) is probably a very good business decision. This is going to electrify the waiting rooms of dentists all over Scarsdale.

Darrell did not cry when the mortgage crisis killed new home construction, putting him out of work. Instead, he packed up his bags and joined his girlfriend in South Florida, where he found a new job as an in-home salesman, pushing expensive vacuum cleaners and air purifiers to snowbirds and other crazy Floridians. While Darrell is but one of hundreds of such salesman in the South Florida area, we have obscured the city in which he works and changed his name to protect his identity. READ MORE