Opinion

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


Top of Mind

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.

Feature
Opinion
Q & A
Research

Recent Insights




Video

How Do We Persuade?






Contributors


William Hutton

Danny Meyer
CEO, Union Square Hospitality Group

Ulrike M. Malmendier
Associate Professor of Economics, University of California, Berkeley

Vivek Lall
Vivek Lall
Head of Global Strategy, General Atomics

Dean Karlan
Professor of Economics, Yale University

Sarena Lin
Corporate Vice President for Strategy and Business Development, Cargill

Deborah S. Davis
Professor of Sociology, Yale University


Mary Ellen Iskenderian

James A. Phills
Professor of Organizational Behavior and Director of the Executive Program for Philanthropy Leaders and the Center for Social Innovation, Stanford Graduate School of Business