John Glenn: American badass
This is bonkers
In other words... wait, hold on what?
If you're confused right now, don't feel bad. It's supposed to be confusing, write the Journal's Jean Eaglesham, Mark Maremont, and Lisa Schwartz. The more tangled Trump's "web of LLCs," the easier it is to "obscure his business interests," according to the reporting trio's latest piece.
"At least $304M (roughly half) of revenue Trump reported in financial disclosure came from assets held in 96 LLCs," adds The Wall Street Journal's Miriam Gottfried.
Barely Half of 30-Year-Olds Earn More Than Their Parents
Mike Rosenberg of the Seattle Times highlights just how big a decline this represents versus older generations: "% of young Americans earning more than their parents at their age 1970: 92% 2014: 51%, despite much more education."
RIP John Glenn
In other news:
According to the New York Times, Trump is expected to name Andrew Puzder, a critic of the minimum wage, to head up the U.S. Department of Labor (10,000+ shares). Charles Jaco of Fox's St. Louis affiliate KTVI weighs in on the pick: "When Puzder moved Hardee's hq out of StL, no one cared much, since he's such a miserable anti-employee CEO."
"Great story on the crackdown of Google's moonshots," tweets Aaron Tilley of Forbes in reference to a new Bloomberg piece on how the search giant, despite making massive amounts of money each year, is questioning whether or not its purest, most pie-in-the-sky innovation projects are still worth it. "CFO Ruth Porat is 'a hatchet man,' Tilley adds.
"This is a REMARKABLE exchange between Rep. Dana Rohrabacher, who is trying to become Secretary of State, and a Yahoo anchor," tweets CBS News' (but soon-to-be the New York Times') Sopan Deb. During the exchange, Rohrabacher dismisses the insights on Russia held by Yahoo's Bianna Goldryga as "baloney," despite the fact that Goldryga grew up in the former Soviet Union.