This is bonkers
"Trump's trust owns 99% of an LLC that owns 99% of an LLC that owns a co. that owns a co. that owns his helicopter," tweets Aaron Zitner of The Wall Street Journal.
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.
Leslie Eaton of the Dallas Morning News had only the highest praise for the article: "What smart, experienced investigative reporters can do: produce a focused, eye-popping story! Read it!"
"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.
And finally, Katie Martin of the FInancial Times has a more direct take: "This is bonkers."
Barely Half of 30-Year-Olds Earn More Than Their Parents
That's the big takeaway from Bob Davis' latest Wall Street Journal piece titled "The American Dream is Fading, and May Be Very Hard to Revive."
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."
"This explains much economic anxiety," notes Nick Timiraos of The Wall Street Journal.
Meanwhile, the Journal's Joshua Zumbrun adds, "You could spend days thinking about all the stories contained in this single little chart."
Though Fusion's Felix Salmon makes a good point, dampening the impact of the article: "Oh come on. The parents of 1970’s 30-year-olds were FIGHTING WORLD WAR 2 when they were 30."
RIP John Glenn
According to The Columbus Dispatch, John Glenn—"American hero, aviation icon, and former U.S. Senator," in the words of the Dispatch's Joe Hallett—has passed away at the age of 95.
The Sun Foundation's Alex Howard pays his respects in a tweet: "1st American to orbit the Earth. Oldest man in space. Godspeed on your final mission."
Elsewhere, the Chicago Tribune's Alex Parker doesn't mince words in letting the world know how he felt about the late, great astronaut: "John Glenn: American badass."
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.
According to the Washington Post, U.S. life expectancy has declined for the first time since 1993 "due to an increase in 'virtually every cause of death,'" tweets Matt O'Brien of the Post's Wonkblog.
And finally, "Trump’s favorability rating is lowest of any president-elect in modern history," tweets New York Magazine freelancer David Freedlander as he links to The Hill's article on the matter.