Must Read Money Stories For Friday, Aug. 28

by August 28, 2015

News Story ideas

Silver lining. Almost everyone who has a stake in Wall Street has been negatively affected by this week’s volatility, even big-name fund managers. But while those huge losses are hard to swallow, the downturn has given some investors the ability to buy more stocks in their favorite companies at cheap prices, the New York Times reports.

LA24. The Los Angeles city council says it needs more time to review the city’s proposal to host the 2024 Summer Olympics, the Los Angeles Times reports. The initial plan, which was released on Tuesday, projects the Games’ cost to be at least $5.8 billion, with $1.7 billion of that sum coming from private organizations. Despite the steep price tag, the proposal says the event could turn a $160 million profit.

Challenging The Donald. Univision reporter Jorge Ramos thinks reporters aren’t asking Republican presidential candidate Donald Trump enough tough questions on his out-there policy proposals, Time writes. Trump removed Ramos from a press conference earlier this week for speaking out of turn. Before he was removed, Ramos was trying to ask Trump how exactly he’d expel the 11 million undocumented immigrants living the U.S.

Under the sea. NASA says that the world’s oceans could rise faster than expected as a result of climate change, Quartz writes. They’ve already risen three inches since 1992, but we should expect at least a three feet increase over the next century or more. This will have drastic consequences for billions of people who live near coastlines.

Back to blogging. The Atlantic, once famous for its blogs written by Ta-Nehisi Coates and Andrew Sullivan, is returning to its old ways with a new blogging platform called Notes. Nieman Lab’s Joseph Lichterman has the story.