Business

CONSCIOUSLY LIBERAL | MARKETS: New Census Data and Why We Should Proceed With Caution

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A new census found that median household income in the US had risen by 5.2% in 2015 compared to the rise in income in the previous year. Although this is good news, the data turns out to be more a reflection of the health of the labor market, rather than the health of the economy. In other words, rising median income, according to a New York Times article, was due to the expansion in employment. Although gains were made in median household income, we have yet to see the market move in the direction that one would predict it to move if the health of the economy had adequately recovered. According to a Financial Times article, the months prior to the past month of August have shown decent consumer spending.

Politics

MOSKOWITZ | How Free is our Press?

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On August 22nd, Gawker, a blog that had over 800 million page views in the last year, and posted more than 200,000 articles in its lifetime, was destroyed. Some in the media have argued argue that this came about because of Gawker’s own sins and that Gawker’s posting of “non-journalistic” material such as sex tapes and its public outing of powerful people led to its downfall. Yet I believe the truth is much more complicated and sinister. Gawker was destroyed because a billionaire wanted it destroyed. It was destroyed because an avid Trump supporter and tech billionaire decided that the website had done him too much harm and so he bankrolled a number of lawsuits which eventually made the website impossible to operate.