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How Wells Fargo's CEO Could Have Avoided His Senate Belly Flop


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What Counts as Good News?

The Census Bureau reported that median household income jumped 5.2% in 2015, and 3.5 million people rose out of poverty. The Washington Post called it “a spike that broke a years-long streak of disappointment for American workers.”

Bloomberg columnist Barry Ritholtz said that the numbers showed that the recovery from the Great Recession is finally taking hold. “Unlike in recent years, when much of the gains went to an increasingly narrow group at the top of the economic strata, last year’s improvements were broad and deep.”

The New York Times noted the “eye-popping improvement in economic fortunes” but put it in context: “real incomes of most American households still are smaller than in the late 1990s. And large swaths of the country—rural America, industrial centers in the Rust Belt and Appalachia—are lagging behind.” A few days later, though, the Times said that a reported finding that incomes had actually fallen in rural areas was wrong, a result of a definitional change; incomes rose 3.4% in rural areas in 2015.

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Contributors


Roger Brown
President, Berklee College of Music

Allison Silvers
Chief Operating Officer, Freelancers Health Service Corporation

Nadim Matta
President, Rapid Results Institute; Senior Partner, Schaffer Consulting

Barry Schwartz
Dorwin Cartwright Professor of Social Theory and Social Action, Swarthmore College

Yasar Gamali
Executive Director and Egypt Country Manager, Abraaj Capital

Edward H. Kaplan
William N. and Marie A. Beach Professor of Operations Research, Professor of Public Health & Professor of Engineering

Christine Bader
Visiting Scholar & Lecturer, Columbia University

Phillip Ventimiglia
Chief Innovation Officer, Georgia State University


Ellen Shuman
Founder and Managing Partner, Edgehill Endowment Partners