The bottom line
The 35-day federal government shutdown cost the U.S. economy $11 billion, according to an analysis by the Congressional Budget Office. With federal workers returning to their jobs, much of that damage will be reversed, but an estimated $3 billion of economic activity is permanently lost.
A hedge-fund mogul has laid out $238 million for a penthouse on Central Park, the most expensive residential sale in U.S. history. The 50-year-old buyer, Kenneth C. Griffin—who lives mainly in Chicago—has an estimated net worth of $10 billion, with a $60 million penthouse in Miami and a $122 million mansion in London.
The New York Times
Amazon is rolling out its own delivery network, promising to cut down on the mass of fees charged by UPS and FedEx. The FedEx residential surcharge, for instance, is $3.80, a significant markup over the average $8.81 delivery charge. Amazon is leasing its own planes and trucks for the new service.
The Wall Street Journal
At 18 U.S. law schools, at least a quarter of students fail to pass the bar exams within two years of graduation. Together, these schools enroll 8,000 students. A student at one of them, Arizona Summit Law School in Phoenix, accumulated $285,000 in student debt—and $18,000 in fees from his eight failed tries at the bar.
The cost of a one-way flight from Mumbai to New York via Abu Dhabi in a suite with a living room and private shower is $38,000. For the rest of us, there’s premium economy. Fees for seat selection have made that class surge, with bookings in North America rising 78 percent from 2015 to 2017.