The brightest economic news in years shows that median household income in the U.S. has climbed to $56,516. And get this: It means that most Americans need only $49,943,484 in additional earnings or net worth to qualify for a fill up at a gas station to be built in Greenwich, Conn. (more about which in a moment).
States with nuclear power plants are grappling with a highly unusual conundrum. The plants are running significant operating losses, but allowing them to be shut down would, paradoxically, significantly increase electric bills, because new energy sources to replace them would be considerably more expensive.
We might as well be watching a 30-car pile-up the way Americans are holding hands over their eyes trying to avoid the grisly bits of the most grotesque presidential race we have witnessed in this, the second decade of the 21st Century. Of course, it's only the 2nd election during that time, but still.
In her recent address at the Jackson Hole monetary policy conference, Federal Reserve Chair Janet Yellen suggested that the Federal Reserve would raise interest rates by the end of the year. Markets reacted favorably to Yellen's suggested rate increase. This is surprising, as, except for one small increase last year, the Federal Reserve has not followed through on the numerous suggestions of rate increases that Yellen and other Fed officials have made over the past several years.
If Wells Fargo was focused on bank charges and interest rates rather than political hot button issues, perhaps they wouldn't have had to fire thousands of employees for ripping off customers and be liable for millions in fines.
September 13, 2016|
Susan Stamper Brown
What we learned from the "Commander-in-Chief" exercise the other night is: (a) neither Hillary Clinton nor Donald Trump is fastidious about facts, (b) Matt Lauer is a nice guy but not up to presidential politics, and (c) voters expecting better in the "real" debate Sept. 26, should not hold their breaths.
How refreshing it is, after weeks and months of faux Clinton Foundation "scandals," after all the fatuous media talk about "optics" and "perceptions," to finally have a real Foundation scandal to chew on. An actual example of pay-to-play, of money given and a favor granted. And it comes to us courtesy of Donald Trump.
"Hillary Rodham Clinton exclusively used a personal email account to conduct government business as secretary of state, State Department officials said, and may have violated federal requirements that officials' correspondence be retained as part of the agency's record," Michael S. Schmidt wrote in his now-famous March 2, 2015, New York Times article.
"Glory days, well, they'll pass you by/Glory days, in the wink of a young girl's eye/But fork over $125 and sign this waiver/and, my friend, you're still The Guy." (With apologies to Bruce Springsteen.)