• 3.41K Posts
  • 947 Comments
Joined 3 years ago
cake
Cake day: July 1st, 2023

help-circle






















  • The top 10% of earners were responsible for a record 49.2% of total U.S. consumer spending in the second quarter of this year, according to Moody’s Analytics.

    But economists warn that relying on a tiny slice of Americans to drive consumer spending could put the U.S. on shaky footing. Consumer spending makes up the lion’s share of the nation’s total economic activity.

    “Whether the economy goes into a recession in 2026 hinges almost entirely on the top 20%,” said Navy Federal Credit Union’s Long. “If they do well, the overall economy does well. If they don’t, then we’re looking at a recession.”

    In the meantime, she said, everyone else could face growing pressure.


















  • Here’s the gist of the article:

    1. In her memoir 107 Days, Kamala Harris claims her presidential campaign faltered simply because she didn’t have enough time — the article argues the real issue was that she lacked a clear vision and failed to connect meaningfully with voters.

    2. The campaign leaned heavily on celebrity endorsements and loud visuals instead of substance, leading many voters to feel she was more style than substance, and that she didn’t really understand their everyday concerns.

    3. Despite massive funding and early momentum, the deeper problem was that she never defined why people should vote for her — not just to stop someone else — and the book lays bare how that lack of self-awareness sealed the campaign’s fate.