The News

Tuesday, July 31, 2018 - The Day's Most Fascinating News from Dave Pell Tuesday, July 31, 2018 1 STOCK PILE "How much might workers have benefited if companies had devoted their financial resources to them rather than to shareholders? Lowe's, CVS, and Home Depot could have provided each of their workers a raise of $18,000 a year, the report found. Starbucks could have given each of its employees $7,000 a year, and McDonald's could have given $4,000 to each of its nearly 2 million employees." Corporations are making massive profits and realizing huge stock price gains. Yet, millions of workers are still waiting for their flatlined wages to see a blip. What gives? Part of the answer is related to (once illegal) stock buyback programs. In The Atlantic , Annie Lowrey does a good job providing an overview of a problem that's only ...

$5,956 A email Tuesday, July 31, 2018 By Oliver Roeder You're reading Significant Digits, a daily digest of the numbers tucked inside the news. $5,956 Some in the city of Austin, Texas, former home of your humble SigDig columnist, have raised the possibility of changing its name. Stephen F. Austin, the city's namesake and so-called "Father of Texas," opposed a Mexican plan to ban slavery "in the province of Tejas," so Austin's Equity Office is suggesting the city should go by a different name. Also up for renaming are a number of streets, including Dixie Drive, Confederate Avenue and Plantation Road. That street renaming would reportedly cost $5,956. [ Austin American-Statesman ] 42 open seats As of today, there are 98 days until the midterm elections. The battleground for the House is broad, writes The Upshot, including "a long list of working-class and rural districts that voted for Donald J. Trump in 2016....

Presented by Morgan Stanley:   View in browser   Presented By Morgan Stanley   Axios AM By Mike Allen · Jul 31, 2018 Good Tuesday morning. You're invited: If you're in D.C., please join me Thursday at 8 a.m. for a conversation about workforce development and the news of the day with Ivanka Trump, White House senior adviser, and Mark Weinberger, global chairman and CEO of EY. RSVP here . Situational awareness: Twin wildfires tearing through vineyards and brushy hills are threatening 10,000 homes in Northern California. The Carr Fire in Shasta County has become the ninth most destructive wildfire in state history. ( AP ) CNN : 100-degree temperatures; no rain in forecast.     1 big thing: Trump power & contagion Illustration: Lazaro Gamio/Axios   President Trump's power over politics...