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=?utf-8?Q?Axios_AM:_Mike's_Top_10_=3F=E2=80=94_=3F=3F_=3F=3F=3F=3F_Trump_l?=
=?utf-8?Q?ands_in_Israel_=E2=80=94_White_House_budget_to_include_wel?=
=?utf-8?Q?fare_reform_=E2=80=94_Breaking:_New_Ford_CEO_=E2=80=94_'With_soc?=
=?utf-8?Q?ial_media=2C_a_flame_becomes_a_bonfire'?=
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FROM:
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mike@axios.com
DATE:
2017-05-22 10:19:10
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<20170522061910.9668865.33546@sailthru.com>
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hbiden@rosemontseneca.com
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Presented by JPMorgan Chase & Co.:
<p>Trump lands in Israel \u2014 White House budget to include welfare re=orm \u2014 Breaking: New Ford CEO \u2014 'With social media, a flamecomes a bonfire'</p>
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<span class="main-header" style="font-size: 44px; font-family: 'gorditaium', Arial, Helvetica, sans-serif; color: #008dc8; letter-spacing: -1px= line-height: 1;">Axios AM</span>
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<span class="bodytext" style="font-size: 13px; color: #222222; font-fa=ily: 'gorditamedium', Arial, Helvetica, sans-serif; ">By Mike Allen = <span style="margin: 0 6px;">·</span>May 22, 2017</sp=n>
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<p class="" style="margin-left: 20px;"><strong>You're invited ... </str=ng>to an event<em> tomorrow </em>at 8 a.m. in downtown D.C.: Chuck Todd an= Jim VandeHei host a live, onstage version of their famous mini-roundtable= and talk infrastructure with Atlanta Mayor Kasim Reed and Sen. Jim Inhofe=(R-Okla.), an avid pilot. <em>Hope to see you \u2014 <strong><a href=http://link.axios.com/click/9661005.78495/aHR0cHM6Ly9heGlvc25iY25ld3NpbmZy=XN0cnVjdHVyZS5zcGxhc2h0aGF0LmNvbS8_dXRtX3NvdXJjZT1lbWFpbCZ1dG1fbWVkaXVtPWV=YWlsJnV0bV9jYW1wYWlnbj1uZXdzbGV0dGVyX2F4aW9zYW0/586ad9771e56031e678b4651B3 f95a" target="_blank">RSVP here</a>.</strong></em></p>
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1 big thing: \U0001f1f8\U0001f1e6 \U0001f1ee\U0001f1f1 Can trip's ttion last?
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<p>President Trump and First Lady Melania Trump disembark Air Force One in =el Aviv at the start of a two-day Israel stop / AP's Evan Vucci</p>
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<p><strong>Air Force One </strong>just landed at Ben Gurion International A=rport in Tel Aviv, with Israeli Prime Minister Benjamin Netanyahu greeting=President Trump at a tarmac arrival ceremony. The President and First Lady=will visit the Western Wall later this morning, ET.</p><p><strong><a href="http://link.axios.com/click/9668865.33546/aHR0cDovL3d3dy5jbm4uY29tLzIwM=cvMDUvMjIvcG9saXRpY3MvdHJ1bXAtaXNyYWVsLWxhdGVzdC9pbmRleC5odG1sP3V0bV9zb3Vy=2U9bmV3c2xldHRlciZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1uZXdzbGV0dGVyX2F=aW9zYW0/5871993924c17c54d77a8b8cB389c6a91" target="_blank">Trump said</a=:</strong> "Now we must work together to build a future where the nations =f the region are at peace ... During my travels in recent days, I have fou=d new reasons for hope."</p><p><strong>With ambitions</strong><strong> for=an eventual peace deal, </strong>Trump will continue the message he's taki=g to the base of three great religions: Tolerance, and a fierce resistance=to terrorism, lead to a more prosperous future.</p><p><strong>Trump's week=nd overture </strong>to the Muslim world, combined with his <a href="htt=://link.axios.com/click/9668865.33546/aHR0cHM6Ly93d3cud2hpdGVob3VzZS5nb3Yv=GhlLXByZXNzLW9mZmljZS8yMDE3LzA1LzIxL3ByZXNpZGVudC10cnVtcHMtc3BlZWNoLWFyYWI=aXNsYW1pYy1hbWVyaWNhbi1zdW1taXQ_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW=9ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NhbQ/5871993924c17c54d77a8b7db79f75" target="_blank">call to the national leaders in his audience=/a> to be tougher on their homegrown threat ("history's great test to conquer extremism and vanquish the forces of terrorism"), has given =im a momentary respite from the legal peril he left at home.</p><p><strong=The reviews,</strong> while noting <a href="http://link.axios.com/click/f8865.33546/aHR0cHM6Ly9hcG5ld3MuY29tLzVkNGM2ZTk2OTk5NzRlN2ZhODlkMTczYTQxZ=kxYzM5L0NvbnRyYWRpY3Rpb25zLWFkZC11cC1kdXJpbmctVHJ1bXAncy1TYXVkaS12aXNpdD91=G1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2x=dHRlcl9heGlvc2Ft/5871993924c17c54d77a8b8cB8a5a2806" target="_blank">some=contradictions</a> with past Trump stances, were mostly good. Fox's <stron=>Bret Baier </strong>said from Saudi Arabia: "[A]s you travel the world an= you talk to world leaders, they think ... that this is a turning of the t in the relationships of these countries \u2014 Saudi Arabia, the Gul= nations."</p><p style="margin-left: 20px;"><strong>"I do think</strong>=that you are seeing an effort by the White House ... to try to stick to th= message of the day, and that's why we're not having a lot of open Q&A=." (Trump hasn't yet had a presser on the trip.)</p><p><strong>Can Trump s=stain </strong>the presidential mien, for this week, and when he returns?<=p><p><strong>A key Republican emails:</strong> "Can this team and its lead=r learn from success? If they can, the turn to presidential-level issues c=n create a sense of calm and normalcy which would begin the rebuilding pro=ess with Rs in Congress."</p><p style="margin-left: 20px;"><strong>"It m=ans leaving Mueller</strong> to the various lawyers and focusing on result= for the moderate-income voters that Trump uniquely inspires. Trump's presncy is about Trump, and that is vexing and tiresome to those struggling =n a rapidly changing economy."</p><p><strong><a href="http://link.axios.=om/click/9668865.33546/aHR0cHM6Ly93d3cuYXhpb3MuY29tL3RydW1wLWluLWlzcmFlbC1RlbnRpYWwtcGl0ZmFsbHMtYW5kLXRoZS11bHRpbWF0ZS1kZWFsLTI0MTcxNzIyMzUuaHRtbD G1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c=xldHRlcl9heGlvc2Ft/5871993924c17c54d77a8b8cB0f0f8026" target="_blank">Qu=ck read</a></strong> by Axios' David Lawler on what to expect during the I=rael leg.</p><p><strong>P.S</strong>. Per <a href="http://link.axios.com=click/9668865.33546/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9wb2xpdGljcy9hcnRpY2=lcy8yMDE3LTA1LTIyL3RydW1wLXMtc2F1ZGktYXJhYmlhLWlzcmFlbC1mbGlnaHQtc2V0LXRvL=JyZWFrLXN5bWJvbGljLWJhcnJpZXI_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09=W1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NhbQ/5871993924c17c54d77a8b8c6c75f7" target="_blank">Bloomberg's</a> Alan Levin, Margaret Talev and=Jonathan Ferziger: Trump traveled from Riyadh to Tel Aviv aboard Air Force=One today "in what appears to be an unprecedented direct flight by a U.S. =resident between those nations, which don't have diplomatic relations."</p=<p><strong><a href="http://link.axios.com/click/9668865.33546/aHR0cHM6Ly=3cubnl0aW1lcy5jb20vMjAxNy8wNS8yMS93b3JsZC9taWRkbGVlYXN0L3RydW1wLXNhdWRpL=FyYWJpYS1pc2xhbS1zcGVlY2guaHRtbD91dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1=T1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc2Ft/5871993924c17c54d77a8b0c80bd2d" target="_blank">N.Y. Times Quote of the Day</a> </strong>...=<em>"Love your shoes. Boy, those shoes. Man!"</em> \u2014 <strong>Presi=ent Trump,</strong> returning a compliment given by President Abdel Fattah=el-Sisi of Egypt, who had told Mr. Trump, "You are a unique personality th=t is capable of doing the impossible."</p>
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2. $1.7 trillion in cuts to safety net
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<span class="bodytext" style="font-size: 13px; font-family: 'gordita', =rial, Helvetica, sans-serif; color: #848484;">
<p>White House budget director Mick Mulvaney holds a copy of the budget as =e inspects the production run at the U.S. Government Publishing Office's p=ant in Washington on Friday / AP's Carolyn Kaster</p>
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<p><strong>The White House</strong> is billing the budget being released to=orrow as "a taxpayer-first budget," but the proposed cuts (allowing balanc= over 10 years) are so deep that even Hill Republicans will resist.</p><p>=strong>One former top GOP aide</strong> points out that food stamps are po=itically treacherous to reform, let alone cut.</p><p><strong>A Trump offic=al</strong> tells me the budget includes notable welfare reform: "We'll wo=k with states to impose work requirements on the able-bodied. ... Not enou=h people left ... dependency as the economy recovered."<br></p><p><strong>=hat we know:</strong></p><ul> <li><strong>"<a href="http://link.axios.co=/click/9668865.33546/aHR0cHM6Ly93d3cuYXhpb3MuY29tL3Njb29wLXRydW1wLWJ1ZGdldby1zbGFzaC1lbnRpdGxlbWVudHMtYnktMS03LXRyaWxsaW9uLTI0MTY5MzE3NzcuaHRtbD91=G1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2x=dHRlcl9heGlvc2Ft/5871993924c17c54d77a8b8cB8b546516" target="_blank">Trum= budget</a> </strong>to slash entitlements by $1.7 trillion," by Axios' Jo=athan Swan: "The best summary, from one White House source: 'Conservatives=will love it; moderates will probably hate it.' These mandatory cuts especially to politically-sensitive programs like food stamps will make some moderate Republicans as nervous as the recent healthcare=bill did."</li><li><strong>The cuts, per Swan:</strong> From programs incl=ding SNAP (food stamps), CHIP (Children's Health Insurance Program), and S=DI (Disability Insurance). The budget proposal will also assume that Trumpn sign into law the American Health Care Act \u2014 the Obamacare rep=al and replace bill that passed the House and is now being considered by t=e Senate. That bill makes substantial cuts to Medicaid.</li><li><strong>Th= budget assumes the economy </strong>will grow at 3% after a few years, in=tead of the 1.6% rate it grew last year. The Trump official tells Axios AM=it's a "post-policy" budget, meaning it assumes passage of tax reform and =ther White House plans, despite their uncertain future. </li><li><strong><= href="http://link.axios.com/click/9668865.33546/aHR0cHM6Ly93d3cud2FzaGl=Z3RvbnBvc3QuY29tL2J1c2luZXNzL2Vjb25vbXkvdHJ1bXAtdG8tcHJvcG9zZS1iaWctY3V0cy y1zYWZldHktbmV0LWluLW5ldy1idWRnZXQtdGhpcy13ZWVrLzIwMTcvMDUvMjEvNjJjMDFmN=QtM2UzNC0xMWU3LWFkYmEtMzk0ZWU2N2E3NTgyX3N0b3J5Lmh0bWw_dXRtX3NvdXJjZT1uZXdz=GV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NhbQ/1993924c17c54d77a8b8cB8994578a" target="_blank">WashPost's Damian Pale=ta</a>:</strong> "The White House also will call for giving states more fl=xibility to impose work requirements for people in different kinds of anti=poverty programs, people familiar with the budget plan said, potentially ling to a flood of changes in states led by conservative governors."</li>=/ul><div><div><div></div></div></div>
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3. Bulletin: New Ford CEO
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<p><strong><a href="http://link.axios.com/click/9668865.33546/aHR0cHM6Ly9cud3NqLmNvbS9hcnRpY2xlcy9mb3JkLXRvLXJlcGxhY2UtY2VvLW1hcmstZmllbGRzLXdpdG=tamltLWhhY2tldHQtMTQ5NTQ0MTM3Mj91dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1b=1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc2Ft/5871993924c17c54d77a8b84ec2334" target="_blank">Posted 4:34 a.m</a>. ...</strong> "Ford Motor=Co. will replace Chief Executive Mark Fields with Jim Hackett, the former d of office-furniture maker Steelcase Inc. who joined the auto maker in 6," The Wall Street Journal's John D. Stoll and Christina Rogers.</p><ul=<li><strong>Backstory:</strong> "The move comes amid a significant decline=in share-price value during Mr. Fields ' three-year tenure."</li><li><stro=g>"Before his elevation</strong> to CEO, Mr. Hackett chaired Ford Smart Mo=ility LLC, a subsidiary formed last year by Mr. Fields to explore new vent=res in ride hailing, car sharing and self-driving vehicles."</li><li><stro=g>Why it matters: </strong>"The move comes as Ford is looking to reimagine=the way people get from point A to point B. It has turned to an unusual pi=k to lead the charge, as Mr. Hackett is an industry outsider and will be ling a company full of senior executives widely seen as capable of succee=ing Mr. Fields."</li><li></li></ul>
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<p class="bodytext" style="-webkit-text-size-adjust: 100%; margin-botto=: 0 !important; font-size: 11px !important; letter-spacing: 1.4px; font-fa=ily: 'gordita', Arial, Helvetica, sans-serif; color: #008dc8; text-transfo=m: uppercase; font-weight:700;">A message from JPMorgan Chase & Co.</p>
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<span class="bodytext hed" style="font-size: 27px; font-family: 'gordit=medium', Arial, Helvetica, sans-serif; color: #222222; letter-spacing: -0.=px; line-height: 1.5;">What makes Detroit so inspiring?</span>
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<img src="https://cdn.adsnative.com/media/nw-1297/7dc7e7e8-0e8a-4d28-9b010d86ac7184.jpg" alt="" width="600" style="width:100%" />
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<p>JPMorgan Chase is increasing its commitment to Detroit, a city they've b=en invested in for the past 80 years. They teamed up with Detroit artist J=seph Alessio to illustrate the Motor City\u2019s growth and how its suc=ess can be replicated in cities everywhere. <a href="http://link.axios.c=m/click/9668865.33546/aHR0cHM6Ly9iZXZvLXVzLWVhc3QtMS5hZHNuYXRpdmUuY29tL2Nr=3VybD1odHRwczovL2FkLmRvdWJsZWNsaWNrLm5ldC9kZG0vdHJhY2tjbGsvTjU3NjIuMjYwMjM=MkFYSU9TL0IxMDk0OTA1Ni4xNTMxNTI4NTklM0JkY190cmtfYWlkJTNEMzIzMjEwNzExJTNCZGHJrX2NpZCUzRDgyOTQwNjEzJTNCZGNfbGF0JTNEJTNCZGNfcmRpZCUzRCUzQnRhZ19mb3JfY=hpbGRfZGlyZWN0ZWRfdHJlYXRtZW50JTNEJmRhdGE9T1RBMVpUZGxPR1kyTWprNFpUZzRaV1Jr=VRFMk5HRmlZV1F5TkRKak5tRm1NakF3TldVeFkyTXdaV05rT0dKbU5XUTVaVFF4WVdNeE9EVXd=V1kwTTJaaFltWTNOVGhoWWpNd05XUTFNalUxWWpOa05EZ3haREpqWlRSbE1EbGpaVE01WkdOa0=UYzNPVE0wTW1RMVpUQXlZalptTXpnd1pHRmlZalJsT1RFMFlqa3lZakUzWldFd01EUmxZVEZoW=RReU5qUXpaV0kwT1Rjek1XVTJNVFZsWTJWaU9EQXdaalExWW1FM016SXdPVGc1TmpBME9XVmtO=Ul6WXpNMk5XSXpZVGMyWlRJMFkyWTJOVEEzTjJOak5tUmhaVE0zTXpjMU5UTTVaV1UwTWpsbU0=WmpZV0ptTURRME1ESXlaVGd6WW1KaVpUZ3lNRGRtWXprNFlUZzFaVGt3T1RRMk5XUmtNamMxTV=JNE1UVmlNakE1WVdJMk1HSm1PRGd3TXprd1pUYzVObUkyWW1RelpqVXlaV014WlRCaU5qTXpaVTnpsa1pERSUzRCZzaWQ9YWQ3YjczZmMyNDBjNGU0MTllM2U0MzUwZGUwZTZkMTRfMjVmZjAz=2YlMjZkZWFjdGl2YXRlX2RlZHVwZSUzRDEmdXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWR=dW09ZW1haWwmdXRtX2NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NhbQ/5871993924c17c54d778cB6e6b7c87" target ="_blank" class="adLink">Get the full story here=</a></p>
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4. Read of the day
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<p><strong>The New Yorker's Ryan Lizza, </strong>"<a href="http://link.ax=os.com/click/9668865.33546/aHR0cDovL3d3dy5uZXd5b3JrZXIuY29tL21hZ2F6aW5lLzI=MTcvMDUvMjkvd2h5LXNhbGx5LXlhdGVzLXN0b29kLXVwLXRvLXRydW1wP3V0bV9zb3VyY2U9bm<2xldHRlciZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1uZXdzbGV0dGVyX2F4aW9zY=0/5871993924c17c54d77a8b8cB02f0092e" target="_blank">Firing Back: How Sa=ly Yates stood up to the President</a>": "</p><p style="margin-left: 20p=;"><em><strong>Sally Quillian Yates</strong>, who is fifty-six, spent more=than two decades as a federal prosecutor in Georgia before being named a U=S. Attorney and then the Deputy Attorney General by President Obama. She a=d her husband, Comer, live in Atlanta, but she keeps a modest apartment in=Washington, where I met her for her first interview since her career at th= Department of Justice ended. Yates was composed, disciplined, and sharp-w=tted as she spoke about her brief time in the Trump Administration [as act=ng attorney general] ... </em></p><p style="margin-left: 20px;"><em><str=ng>Yates ... weighed her options:</strong> she would either resign or refu=e to defend the order [on migrant travel]. She told me, ... "I thought, ba on all the evidence I had, that it was based on religion. And then I th=ught back to Jim Crow laws, or literacy tests. Those didn't say that the p=rpose was to prevent African-Americans from voting. But that's what the pu=pose was." ... </em></p><div><div><div> <div> <div> <p style="margin-lef=: 20px;"><em><strong>[A]t around 9 P.M.,</strong> [White House counsel Don= McGahn's office asked the [Justice Department's] senior Trump appointee t= deliver a letter to Yates, notifying her that she had been fired. He said=a prayer, and walked down the hall. "Madam Attorney General, I have a memo=andum for you from the White House that I've been asked to deliver."</em><=p></div></div></div></div></div>
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5. GOP's green shoots
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<span class="bodytext" style="font-size: 13px; font-family: 'gordita', =rial, Helvetica, sans-serif; color: #848484;">
<p>Rebecca Zisser / Axios</p>
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<p><strong>Conservatives are slowly coming around </strong>on climate chang=, <a href="http://link.axios.com/click/9668865.33546/aHR0cHM6Ly93d3cuYXhMuY29tL3RoZS1nb3BzLXN1cnByaXNpbmctZ3JlZW4tZ3Jvd3RoLTI0MTM0NjgwNzMuaHRtbD G1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c=xldHRlcl9heGlvc2Ft/5871993924c17c54d77a8b8cBc5e13f74" target="_blank">Ax=os' Amy Harder reports in her weekly "Harder Line" energy column</a>: </p>=ul><li><strong>The evidence: </strong>Over the past few years, more than a=half-dozen organizations have popped up pushing conservative climate-chang= and clean-energy policies, and the percentage of congressional Republican= going on the record acknowledging climate is a problem has gone from zero=to 8% [!], as judged by a House caucus on the issue.</li><li><strong>Why i= matters:</strong> The changes among Republicans are small, but represent = sea change from a few years ago.</li><li><strong>Dip into </strong>the <a=href="http://link.axios.com/click/9668865.33546/aHR0cHM6Ly93d3cuYXhpb3Mu)tL3RoZS1nb3BzLXN1cnByaXNpbmctZ3JlZW4tZ3Jvd3RoLTI0MTM0NjgwNzMuaHRtbD91dG191cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldH=lcl9heGlvc2Ft/5871993924c17c54d77a8b8cCc5e13f74" target="_blank">Axios S=REAM </a>to read the full column.</li></ul>
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6. "A kind of anti-Trump"
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<p><strong><a href="http://link.axios.com/click/9668865.33546/aHR0cDovL3d=dy5uZXd5b3JrZXIuY29tL21hZ2F6aW5lLzIwMTcvMDUvMjkvamFtZXMtbWF0dGlzLWEtd2Fycm=vci1pbi13YXNoaW5ndG9uP3V0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fbWVkaXVtPWVtYWlsJ=V0bV9jYW1wYWlnbj1uZXdzbGV0dGVyX2F4aW9zYW0/5871993924c17c54d77a8b8cBd83207b=" target="_blank">Another worthy read</a> </strong>in the new New Yorker= "The Warrior Monk," by Dexter Filkins, on SecDef James Mattis: </p><p sty=e="margin-left: 20px;"><em><strong>[I]n embracing</strong> Mattis's Mad =og persona, Trump neglected a side of him that appealed to many others that of the deeply read scholar-soldier and sophisticated analyst. I= this view, Mattis is a kind of anti-Trump, a veteran of three wars who ha= been sobered by their brutalities, a <strong>guardian of the internationa=ist tradition in American foreign policy.</strong> ... </em></p><p style="margin-left: 20px;"><em></em><em><strong>Speaking to reporters </strongrlier this year, Mattis took the measure of his adversaries. He said he =elieved that Vladimir Putin was a rational leader, and therefore could proly be deterred from aggression. I asked whether he thought that the Nort= Korean premier was rational. "I've seen arguments that he's irrational an= unpredictable,and I've seen arguments that he's very thoughtful about sol=difying power," Mattis said. "I'll keep reading to see if I can come to a =onclusion."</em></p>
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7. "Young men slide down income ladder"
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<p><strong>"The loss of blue-collar jobs</strong> ... is forcing more men i=to low-wage service jobs, and in some cases causing them to drop out of th= workforce altogether," according to <a href="http://link.axios.com/clic=/9668865.33546/aHR0cHM6Ly93d3cuYm9zdG9uZ2xvYmUuY29tL2J1c2luZXNzLzIwMTcvMDU=MjEveW91bmctbWVuLWZhbGxpbmctYm90dG9tLWluY29tZS1sYWRkZXIvbmNZaE9vSXR1b3FkbE=wbjZxWlJTTC9zdG9yeS5odG1sP3V0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fbWVkaXVtPWVtY=lsJnV0bV9jYW1wYWlnbj1uZXdzbGV0dGVyX2F4aW9zYW0/5871993924c17c54d77a8b8cB4ed1b" target="_blank">a Boston Globe front-pager</a> by Katie Johnston:<=p><ul><li><strong>An analysis last month</strong> by the U.S. Census Burea= ("<a href="http://link.axios.com/click/9668865.33546/aHR0cHM6Ly93d3cuY2=uc3VzLmdvdi9jb250ZW50L2RhbS9DZW5zdXMvbGlicmFyeS9wdWJsaWNhdGlvbnMvMjAxNy9kZ=1vL3AyMC01NzkucGRmP3V0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fbWVkaXVtPWVtYWlsJnV0=V9jYW1wYWlnbj1uZXdzbGV0dGVyX2F4aW9zYW0/5871993924c17c54d77a8b8cB6e21793e" =arget="_blank">The Changing Economics </a>and Demographics of Young Adul=hood: 1975\u20132016") found that many young men have fallen to the bot=om of the income scale, "despite the fact that they are better educated an= working full time at the same rate."</li><li><strong>What caused it:</str=ng> "Wages have stagnated, while the cost of living and student debt have =kyrocketed, and college graduates are taking <a href="http://link.axios.=om/click/9668865.33546/aHR0cHM6Ly93d3cubmV3eW9ya2ZlZC5vcmcvcmVzZWFyY2gvY29=bGVnZS1sYWJvci1tYXJrZXQvY29sbGVnZS1sYWJvci1tYXJrZXRfdW5kZXJlbXBsb3ltZW50X2=vYnR5cGVzLmh0bWw_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX=NhbXBhaWduPW5ld3NsZXR0ZXJfYXhpb3NhbQ/5871993924c17c54d77a8b8cB1d52e3ff" ta=get="_blank">lower-level jobs</a> ... [M]en are being hit particularly h=rd, as many of them are forced to take contract or part-time work."</li><l=><strong>Key fact: </strong>"The jobs that are <a href="http://link.axio=.com/click/9668865.33546/aHR0cHM6Ly93d3cuYmxzLmdvdi9vb2gvZmFzdGVzdC1ncm93a=5nLmh0bT91dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFp$9bmV3c2xldHRlcl9heGlvc2Ft/5871993924c17c54d77a8b8cB643e865d" target="_=lank">growing the fastest</a> ... are concentrated in female-dominated pro=essions, such as health care."</li><li><strong>Why it matters:</strong> "M=ny young men \u2014 defined by the Census Bureau as ages 25 to 34 are starting out their working lives at a distinct disadvantage, com=ared with previous generations. And as more of them live at home and delay=marriage, young adulthood has started looking much different than it used =o."</li></ul>
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8. "The quants run Wall Street now"
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<p><strong>"For decades,</strong> investors imagined a time when data-drive= traders would dominate financial markets. That day has arrived," <a href="http://link.axios.com/click/9668865.33546/aHR0cHM6Ly93d3cud3NqLmNvbS9hc=RpY2xlcy90aGUtcXVhbnRzLXJ1bi13YWxsLXN0cmVldC1ub3ctMTQ5NTM4OTEwOD91dG1fc291=mNlPW5ld3NsZXR0ZXImdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9=eGlvc2Ft/5871993924c17c54d77a8b8cB19b2455a" target="_blank">The Wall Str=et Journal reports on its front page</a>, in a big package anchored by Gre=ory Zuckerman and Bradley Hope: </p><ul><li><strong>"[A]</strong><strong>l=orithmic-driven trading</strong> and the quants who use sophisticated stat=stical models to find attractive trades are taking over the investment wor=d.</li><li><strong>"On many trading floors,</strong> quants are gaining re=pect, clout and money as investment firms scramble to hire mathematicians =nd scientists. Traditional trading strategies, such as sifting through bal=nce sheets and talking to companies' customers, are falling down the pecki=g order.</li><li><strong>Quantitative hedge funds</strong> are now respons=ble for 27% of all U.S. stock trades by investors, up from 14% in 2013,</l=><li><strong>Why it matters:</strong> "The computers are outperforming hum=ns at picking investments. In the past five years, quant-focused hedge fun=s gained about 5.1% a year on average. The average hedge fund rose 4.3% a r in the same period."</li></ul>
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9. "With social media, a flame becomes a bonfire"
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<p><strong>Seven months</strong> after the "Access Hollywood" tape that end=d his "Today" show career, Billy Bush <a href="http://link.axios.com/cli=k/9668865.33546/aHR0cDovL3d3dy5ob2xseXdvb2RyZXBvcnRlci5jb20vZmVhdHVyZXMvYm=sbHktYnVzaC1icmVha3MtaGlzLXNpbGVuY2UtdHJ1bXAtYWNjZXNzLWhvbGx5d29vZC10YXBlL=5iYy1hLWNvbWViYWNrLXBsYW4tMTAwNTc0ND91dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21l=Gl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc2Ft/5871993924c17c54d7b8cB74e35e5a" target="_blank">talks to The Hollywood Reporter</a> (by ey Rose and Marisa Guthrie): </p><ul> <li><strong>"I plan to return </st=ong>to the job that I love, which is television, communicating, interviewi=g people. I have changed in a way that I think will make me better at my j=b.</li><li><strong>"I believe there will be </strong>more people like me i= crisis. And with social media, a flame becomes a bonfire quickly. So I wi=l be picking up my pen and writing them and calling them on the phone, and=I will pursue these interviews and these moments with these people. And th=ough what I've learned and where I've been, I will tell them, 'You have em=athetic ears in me.'"</li><li><strong>Q: </strong>"You got fired, and the =ther guy on that tape became president. How does that make you feel?" <str=ng>A:</strong> "I will admit the irony is glaring."</li></ul><p><strong>P.=. "<a href="http://link.axios.com/click/9668865.33546/aHR0cHM6Ly93d3cubn
W1lcy5jb20vMjAxNy8wNS8yMS9idXNpbmVzcy9tZWRpYS9yaXZhbHMtc2VlLWNoYW5jZS10b=1jaGFsbGVuZ2UtZm94LW5ld3MuaHRtbD91dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX21lZGl1=T1lbWFpbCZ1dG1fY2FtcGFpZ249bmV3c2xldHRlcl9heGlvc2Ft/5871993924c17c54d77a8b178f32dc" target="_blank">Smaller Rivals</a> See a Chance to Challenge=Fox News"</strong> \u2014 Jim Rutenberg's "Mediator" column, on N.Y. Ti=es p. B3, says Bill O'Reilly could be the key to turbocharging a real riva=.</p>
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10. 1 for Memory Lane
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<p>Big cat trainer Alexander Lacey hugs one of the tigers during the final =how of the Ringling Bros. and Barnum & Bailey Circus, yesterday, in Un=ondale, N.Y. / AP's Julie Jacobson</p>
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