What happened this week? Lots. And our friends at theSkimm have you covered with a run-down of the top headlines. (Want them delivered daily to your inbox? Sign up at theskimm.com)
Trading stopped for a large part of the U.S. stock market yesterday after a Nasdaq tech glitch. Guess who doesn’t handle surprises like that well? Traders.
This is the latest glitch that has affected exchanges—raising questions about the reliability of electronic markets. The breakdown brought back some Nasdaq PTSD memories for those who recall the Facebook IPO debacle. The unspecified tech problem stopped trading for stocks listed on the Nasdaq for around three hours—leaving stocks like Apple and Microsoft in limbo, and raising lots of questions about what happened. As for investor confidence? Yeah, the glitch didn’t help that either.
Repeat After Me
What to Say When Your Gym Fees Go Up
Shame on you—this shouldn’t have to be a luxury item. President Obama took that sentiment and unveiled a plan yesterday to shame colleges and universities into not jacking up tuition costs. Seeing that the U.S. of A. is facing “a crisis” of student debt and college affordability, the prez plans to create a new federal ranking system that grades schools on their value to students, giving students and families a better idea of where to get the best bang for their buck. Obama also proposed tying federal aid to the rating system so that the federal government doesn’t subsidize schools that aren’t producing results, but rewards ones that deliver. This probably won’t go over well with some colleges who say costs are out of their control.
What to Say When You See a Bird
Is it a plane, Superman, or Ben Affleck adjusting his onesie? Warner Bros. surprised everyone who still laughs at the “Jenny From the Block” video by announcing that Mr. Argo will be playing Batman in the Man of Steel sequel. The sequel also features Batman and Superman in the same movie for the first time ever. Yes, people are freaking out about this. The director touted the Affleck get, bragging that the actor “bears the scars of a seasoned crime fighter.” Sure. This all goes down in 2015.
What to Say When Someone Asks for Your ID
Why? The Justice Department has decided to mess with Texas by suing the state over its voter ID law. The lawsuit follows the Supreme Court’s ruling that struck down part of the Voting Rights Act—that required some states with a history of discrimination to get federal permission before making any changes to election laws. The new lawsuit will claim that the ID law was adopted to deny the right to vote to racial minorities. Voter ID laws are a hot topic across the country, with Dems usually against them because they see the laws as trying to suppress minority voting blocs and Republicans backing them and seeing them as a deterrent to election fraud.
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