December 1, 2016 6:31 AM HomeMorning ReadsMorning Reads – Thursday, December 1, 2016 Morning Reads – Thursday, December 1, 2016 By Jessica Szilagyi Morning Reads 18 Comments Finally, December is here. On this date in 1959, 12 countries, including the US and USSR, signed a treaty that set aside Antarctica as a scientific preserve, which would be free from military activity. Peaches Another death row inmate set to die next week, lawyers begin last ditch efforts Committee begins offering recommendations after Amendment 3 passes Georgia falls below national average on spending for insurance regulation By the way, we have famous kids in Georgia Jimmy Carter The federal government is going to “forgive” more than $100 BILLION in student loan debt. …But the truth is that they have no real understanding of the true cost of the forgiveness She might be coming back? You betcha. Goldman Sachs says everyone is going to benefit under Trump Sweet Tea The man who invented the BigMac is dead It’s going to get cold. A YUGE freeze. Liberty Drum Apple has been meeting with the FDA secretly for years When the hunting licenses caused an uproar… Share this:TwitterFacebookTumblrRedditEmailPrint Related About Author jszilagyi5 18 Comments davidmac When you write that GS says “everyone will benefit” – you mean the 43% of Americans who participate in the stock market, as opposed to the 57% who do not. (Bankrate survey, July 2016) You mean the 6.4% of Black Americans who own equities, as opposed to 24.5% of non-Hispanic whites. (US Census Bureau, Wealth and Asset Ownership, 2011). You mean the 9% of Americans in the lower two quintiles by monthly household income, as opposed to 40.2% in the top quintile. (Census, ibid.) The 76.7% of top quintile earners who have a 401(k), as opposed to the 8.8% in the lowest. (ibid.) Who benefits from a rising stock market? The wealthy. Not everyone. December 1, 2016 7:48 AM Log in to Reply raconteuse “Who benefits from a rising stock market? The wealthy. Not everyone.” This just isn’t true. It may be true that the wealthy benefits the most, but a large majority of American workers have their retirement accounts in 401ks etc. We can talk about whether that’s a good thing or not, see http://blogs.wsj.com/cfo/2015/05/15/shift-to-401k-plans-increasing-income-inequality-study/ or https://www.bloomberg.com/news/articles/2016-08-24/the-401-k-is-wreaking-havoc-on-retirement, but there are plenty of non-wealthy people with their retirement wrapped up in the stock market. December 1, 2016 9:32 AM Log in to Reply davidmac >a large majority of American workers have their retirement accounts in 401ks etc. If the predicate is (of American workers with retirement accounts), then yes. However. Only 42.1% of Americans have 401(k)s or TSPs. Only 28.9% have IRAs or Keoghs. Of those in the lowest quintile, 8.8% have 401(k)s, and 10.9% have IRAs. In the 2nd-lowest quintile, 21.9% have 401(k)s and 18.4% have IRAs. So that’s in the neigborhood of 70-90% of lower-two-quintile earners without retirement savings. All data is from the Census report found at: https://www.census.gov/people/wealth/. December 1, 2016 1:29 PM Log in to Reply Dave Bearse Those lower quintile people aren’t real Americans. December 1, 2016 11:28 PM Log in to Reply gcp State Supreme Court overturns Burrell Ellis corruption conviction. Dekalb County taxpayers may owe him over $200,000 back pay. Yes to Scott Brown at Veterans Administration. The Wizzard of Wasilla (Palin) would not be a good pick. Strange situation in Atlanta. While out on bond for murder a 21 year old is arrested for the murder of his 15 year old cousin. http://www.ajc.com/news/crime–law/bond-for-man-accused-fatally-shooting-his-cousin/DgznexfRzVVAQEffPA25mM/ December 1, 2016 9:13 AM Log in to Reply CoastalCat The idea that Palin is being considered for anything is ridiculous. What an insult to our veterans who deserve so much more. December 1, 2016 10:05 AM Log in to Reply Bart The last 8 – 12 years are ‘an insult to our veterans’. Not saying Palin is the answer, but guarantee veterans are rightfully anticipating a more respectful and proactive administration starting 1/20. December 1, 2016 10:19 AM Log in to Reply CoastalCat Mr. Obama has made a lot fewer wounded veterans by shutting down two ill-advised wars. Trump talks the talk but his donations to veterans have to be publicly shamed out of his bank account.If he puts a dithering idiot in charge of the VA, then we will know he has no real concern. December 1, 2016 10:55 AM Log in to Reply bethebalance the VA was a bad mess a long time in the making, maybe even since Vietnam. but yes, so much more to be done there, esp. in access, mental health care, lifelong care and family care. and not for nothin, but the Pres has also made tremendous strides against vets’ homelessness. December 1, 2016 12:00 PM Log in to Reply chefdavid Georgia Power places nuclear reactor vessel at Plant Vogtle http://www.elp.com/articles/2016/11/georgia-power-places-nuclear-reactor-vessel-at-plant-vogtle.html December 1, 2016 10:20 AM Log in to Reply John Vestal Timelapse of Unit 3 reactor vessel placement December 1, 2016 12:10 PM Log in to Reply Will Durant Pretty cool but it lacked a counter indicating the time lapse billions of dollars over budget that increment with each tick of the clock they are behind schedule. No matter for the Southern Co. stockholders however as all of the overruns are being passed on to the ratepayers. Thank you PSC! December 1, 2016 1:25 PM Log in to Reply chamblee54 https://chamblee54.wordpress.com/2016/12/01/william-sallie-and-john-moore/ Traditionally, death row inmates claim inadequate representation in their appeals. In William Sallie’s case, one set of lawyers resigned. They were going to have to claim inadequate representation against themselves. This case is not the legal profession’s finest hour. December 1, 2016 10:30 AM Log in to Reply Noway2016 Megyn to CNN? Good riddance. Never liked her at all. Go to a competing network with a pittance of her current viewership? She’ll become Deborah Norville/Katie Couric #2 in short order. December 1, 2016 11:57 AM Log in to Reply bethebalance article on student loan debt from Fortune, at the end says: “Specifically, the incoming administration may choose to end rules that make it easier for students who were defrauded by for-profit colleges to have their loans forgiven.” is this just pure conjecture, or something some ppl are expecting from a Pres who says that he can have no conflicts of interest? fyi, there’s a diff bw something being lawful and something being existent. but i guess as long as he’s Pres, he will be above the laws of conflict-of-interest. i just imagined if either of the candidates had such a thing during the campaign. the prob was that ppl felt only HRC could ever say such a terribly corrupt thing, but not the DJT. it was a false narrative, and voters got duped. wait, both candidates have varied monied interests and projects and ties to billionaire Wall Street types? guess we’ll just shame the one. December 1, 2016 12:07 PM Log in to Reply Noway2016 Crowd going nuts – and it’s just Pence up there! Lol! December 1, 2016 7:44 PM Log in to Reply Noway2016 Trump is having a ball!!!! Please don’t stop!!!! This is fun!!! December 1, 2016 8:09 PM Log in to Reply Noway2016 I don’t expect any agreement except maybe from Bart, but thatwas the hest political speech I’ve ever seen! Jeez Maneez… December 1, 2016 8:50 PM Log in to Reply Add a Comment Cancel replyYou must be logged in to post a comment.