Although there is no absolute limit to the amount of use, each member has a priority right to use a residence for only 45 days per year.

FORBES: Private Residence Club Does Not Trigger "New York Rule" On Resident Status

Still, in order of priority, firms should use profits to replenish inadequate capital, reward owners and only then to pay performance-related benefits to staff.

ECONOMIST: Banks and bonuses

Clearly, if the goal of politicians and other activists is to protect the lives of America's youth, the presence and use of guns is the priority that policy must address.

ECONOMIST: Letters | The