Evan Comen 24/7 Wall Street Published 12:27 p.m. UTC Jun 18, 2018 The typical American household earned $55,322 in 2016, roughly $4,000 higher than 2009’s median income of $51,425. In a number of small towns throughout the country, more than half of households earn more than three times the national median. And incomes in these towns are growing faster than they are nationwide. To determine America’s richest towns, 24/7 Wall Street reviewed household income data from the U.S. Census Bureau’s American Community Survey in every American town with a population between 1,000 and 25,000. For comparison purposes, boroughs, census-designated places, cities, towns, and villages were all considered. The recovery from the Great Recession has largely benefitted the wealthiest households the most. While the share of aggregate income earned by the poorest 80% of households fell from 49.9% in 2010 to 48.6% in 2016, the share of income earned by the wealthiest fifth of … [Read more...] about What are America’s richest towns? New study lists the top 30
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Is the presidency just too big to handle? John Dickerson, co-host of "CBS This Morning" penned a lengthy cover story for The Atlantic on how the magnitude of the office itself might be its own greatest impediment. He sat down with Atlantic editor-in-chief Jeffrey Goldberg for an interview in the new "Face the Nation" studio to dive deep into the scale of the presidency. JEFFREY GOLDBERG: Hello, and welcome to the first and possibly last edition of "Face the Atlantic." I'm Jeffrey Goldberg, the editor-in-chief of The Atlantic and my guest is John Dickerson, Atlantic contributing writer who also has a day job at CBS, co-host of "CBS This Morning," former moderator of "Face the Nation" and author of The Atlantic magazine's cover story, "How the Presidency Became Impossible." And we're going to talk today about the presidency. John, you know more about the presidency than many people including presidents. It's disconcerting how much you know about the presidency. So let's just jump … [Read more...] about POTUS: The hardest job in the world?
Samuel Stebbins 24/7 Wall Street Published 9:02 p.m. UTC May 30, 2018 The American Dream promises to all the opportunity to attain financial security -- and even wealth -- through hard work. Just how widespread these opportunities are is a matter of debate, but there are towns that serve as evidence that the American Dream is alive and well, at least for some. In almost every state -- rich or poor -- there is at least one town where most households earn far more than the typical state resident and the typical American. Though separated by vast distances, the states' wealthiest towns often have more in common with each other than with other communities in the same state -- even some that may be just a few miles down the road. Almost without exception, the wealthiest towns have expensive real estate and are home to well-educated populations. With relatively high median incomes, they are also often home to large shares of extremely wealthy households -- those earning $200,000 or … [Read more...] about What’s the richest town in every state?
The roster of the school’s graduates includes federal and state judges, two members of Congress and several high-profile courtroom lawyers and business leaders. But whatever the accomplishments of its most distinguished alumni, the Thomas M. Cooley Law School in Lansing, Michigan, once the largest law school in the U.S., does not have a reputation to match. And it never has. Cooley may be, by some measurements, the worst law school in America. And its standing has not been enhanced by a flood of publicity about the quality of the legal work of its best known and, increasingly, most notorious alum: Michael D. Cohen, class of 1991, President Trump’s longtime personal lawyer and the target of a federal criminal investigation in New York that has clearly rattled Trump. The school is sensitive to the headlines: “In light of the current publicity about Mr. Michael Cohen, one of our graduates, it is disappointing to see all the gratuitous negative comments about our law … [Read more...] about Trump’s lawyer went to the worst law school in America
The much-discussed spike in murder rates between 2014 and 2016 is due almost entirely to gun homicides, an analysis of federal data reveals. The spike was so drastic that in 2016, gun murders accounted for a greater share of the overall number than at any point in the federal record, which contains more than 80 years of complete data for the United States. The numbers underscore how our violent crime problem is, now more than ever, a gun violence problem. After years of record sales, firearms are now more prevalent in society than at any time in recent history. The high number of civilian guns in circulation means more opportunities for guns to be diverted into the hands of people at risk of harming others with them, potentially altering the landscape of American crime. Read more SC Republican wants to ban local politicians from passing gun control New York passes bill to strip all guns from domestic abusers Mass protests are only the first step to gun control … [Read more...] about Guns are now responsible for 75% of killings in America