Articles chosen with care. Your comments welcomed.
Linked articles in bold purple
◆ Bad as Hurricane Irma was, it could have been even worse
Homeowners’ preparations and evacuations meant relatively few deaths.
As for the physical damage, it is huge but still smaller than feared. One way to see that is to look at insurance company stocks.
Today, they are UP. Chicago Tribune headline: Stocks jump as relieved investors buy banks, insurers, tech
Small insurers, especially ones that do a lot of business in Florida, climbed. … Larger insurers also rallied. … Travel-related companies rose as investors felt their businesses won’t take such a big hit. –Associated Press via Chicago Tribune
The most immediate problem now: restoring electric power to millions of homes.
◆ Apple makes a big noise with its rollout. $1k for new phones. Market is unimpressed (Wall Street Journal, subscription)
Comment: Students at elite universities will use the new phones to send selfies at demonstrations against inequality.
◆ Study: Over 90% of MSM reports on Trump are negative, same as previous studies (Washington Times)
Comment: To be fair, they do actually hate him.
The ruling, which stays a decision from the 9th Circuit, keeps some 24,000 refugees from entering the US, at least temporarily.=
◆ Good economic news: Middle-class incomes in US for 2016 were highest in history (in real terms) (Washington Post)
These figures from the Census Bureau cover the final year of Pres. Obama’s tenure.
Median household income rose to $59,039 in 2016, a 3.2 percent increase from the previous year and the second consecutive year of healthy gains, the Census Bureau reported Tuesday. The nation’s poverty rate fell to 12.7 percent, returning nearly to what it was in 2007 before a financial crisis and deep recession walloped workers in ways that were still felt years later. –Washington Post
The latest accuser: Murray’s cousin. He had been a teenager, like the others.
◆ The computer scandal engulfing House Democrats continues to widen. Latest news: the IT contractor used a secret server, tried to hide it, and then falsified what was on it (Daily Caller)
Imran Awan, the Pakistani IT aide who worked closely with Rep. Debbie Wasserman Schultz, also used Dropbox to back up data, which is illegal for Congressional data.
Awan had access to all emails and office computer files of 45 members of Congress who are listed below. Fear among members that Awan could release embarrassing information if they cooperated with prosecutors could explain why the Democrats have refused to acknowledge the cybersecurity breach publicly or criticize the suspects. –Daily Caller
Comment: This scandal receives almost no coverage. That’s a scandal, too.