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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


Madeline Rogero
Mayor of Knoxville, Tennessee

Garry D. Brewer
Professor Emeritus

David Wessel
Director, Brookings Institution’s Hutchins Center on Fiscal and Monetary Policy

Tony Blair
Former Prime Minister of the United Kingdom; Founder of the Tony Blair Faith Foundation; Howland Distinguished Fellow, Yale University

Jonathan Cohen
Eugene Higgins Professor of Psychology, Co-Director, Princeton Neuroscience Institute

Claire Johnson
Vice President, Google Offers, Google

Rajesh Subramaniam
EVP, Global Marketing and Communications, FedEx Services

Don Gips
Former U.S. Ambassador to South Africa

David Bach
Senior Associate Dean for the Executive MBA and Global Programs & Professor in the Practice of Management

Sherri Goodman
Senior Vice President, General Counsel, and Corporate Secretary, CNA