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  • An IPO filing provides a window into wealth. In the case of Facebook, the wealth will likely be enormous and spread across hundreds if not thousands of early investors and employees. The number of millionaires and billionaires in Silicon Valley grew noticeably Wednesday.
  • France was among nine European countries that saw their sovereign debt ratings cut Friday. The move could boost borrowing costs in Paris and undermine a plan to contain the European debt crisis. But the loss of France's AAA rating is also likely to play a role in President Nicolas Sarkozy's re-election bid.
  • Big banks announced around 60,000 job cuts in 2011. With businesses and consumers still focused on reducing debt, there isn't the same need for financial services as there was before, says one banking analyst. The outlook in the years ahead is for a smaller, more stable and less profitable industry.
  • His confirmation that he pays at a much lower rate than many much less well-off Americans, is likely to reignite a debate over whether the wealthy should be asked to pay a greater share of federal taxes.
  • President-elect Francois Hollande and his longtime companion, journalist Valerie Trierweiler, will become the first unmarried couple to move into France's presidential palace. But that's no big deal to most French.
  • Mormons around the world are getting this warning Sunday: Stop posthumous baptisms of "unauthorized groups, such as celebrities and Jewish Holocaust victims."
  • A ruling by the country's high court threw the country into disarray, days before a historic presidential election.
  • Hans-Jurgen Kuhl started painting at 10, and in his 20s experimented with clothing design. Later in life he discovered his greatest art form — counterfeiting money. In a piece for Wired, contributing editor David Wolman tells the story of Kuhl, who viewed his work fabricating $100 bills as art.
  • Wednesday's bombing in Damascus, which killed several senior figures in President Bashar Assad's inner circle, also shattered the notion that he and his government still have firm control of the capital.
  • The French celebrate Bastille Day on Saturday, and in the name of equality, new President François Hollande plans to massively raise taxes on the rich. Most of the French — including some of the rich — support the move.
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