9.13.2017

*|MC:SUBJECT|*
09.13.2017
NEED TO KNOW.
Income Rising.
New data from the US Census revealed that median household income in the US rose to $59,039, a 3% increase from 2015 and the second straight year-over-year increase. The poverty rate also dropped, falling from 13.5% to 12.7% between 2015 and 2016 - with a population just over 323M, the 0.8% drop means 2.5M people rose above the poverty line (see definition). 2016 also saw the US add 2.2M jobs, with the unemployment rate at 4.7% by end of year, which has since dropped further. Racial disparities exist under the data - Asian Americans had the highest median income at $81,400, while the median for African American households was just 39,490. And just a quick math refresher - median means that half of households earn less than $59,039, while half of American households earn more. 

Apple.
Apple unveiled its latest line of updates and gadgets at its annual Apple Day, headlining the event with the release of two new models of the iPhone, the iPhone 8 and the iPhone X. The X model in particular - released on the 10th anniversary of the original iPhone - made waves, featuring a complete redesign with an edge-to-edge screen and the ability to unlock the phone using facial recognition. It's pricey, introduced at $999, with early reviews calling it the "future of the smartphone". The annual event - which usually includes revealing the latest iPhone - has become increasingly important as the company becomes a dominant force in the US tech industry (market cap over $800B), with iPhones accounting for nearly two-thirds of the company's revenue. The event was also the first time reporters saw Apple's new campus, outside Cupertino, CA. Check out a full rundown of new products announced yesterday

Ed Murray.
Seattle mayor Ed Murray resigned Tuesday following new allegations that Murray sexually abused teenage boys in the 1970's and 1980's - the fifth such allegation to become public. Murray had been under fire since April, when a first accuser filed lawsuit claiming Murray repeatedly molested him as a teenager in 1986. The most recent accuser was Murray's own cousin, who made the allegations in an interview with the Seattle Times on Tuesday. Murray denied the charges, even after it was revealed that in 1984, Oregon Child Protective Services had determined he sexually abused his foster son, saying "under no circumstances" should Murray be allowed to foster children in the future. City Council President Bruce Harrell will replace Murray - the city's first openly gay mayor and a staunch progressive responsible for the city's $15 minimum wage increase.
 
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IN THE KNOW.

Sports, Entertainment & Culture.

J.J. Abrams to direct Star Wars: Episode IX (More) | Release date pushed back to Dec '19 (More)
Pioneer: Edith Windsor, activist who helped overturn gay marriage ban, dies at 88 (More)
Cleveland Indians win 20th straight to tie American League record (More)
 

Science & Technology.

Limitations on autopilot functions played 'major role' in May 2016 self-driving car crash (More)
US-Russian crew arrive at space station after 6-hour trip (More
San Diego Hepatitis A outbreak sickens 400, kills 15 (More)
 

Business & Markets.

Nordstrom to be taken private by private equity firm Leonard Green for $8.2B (More)
Slack launches shared channels - fostering communication between companies  - in quest to kill email (More)
Markets reach new record high, banks lead the surge (More)
 

Politics & World Affairs.

Interim tag dropped, Hope Hicks to become WH Communications Director (More)
Dept. of Justice declines to press charges against officers in Freddie Gray case (More)
Officials estimate 25% of Florida Keys homes are destroyed following Irma (More)
ETCETERA.
US News releases rankings of top US universities for 2018.

Good Vibes: Americans are more positive about their living situation than any time since the Great Recession.

Coffee's for Closers: Meet the most successful Girl Scout in history.

Fatberg: A 130-metric-ton-block of wet wipes and fat is clogging the London sewers.

The FDA approves ‘Hello, Peanut!’ for infants to avoid peanut allergies. 

By the Numbers: How Americans spend their money.

The 10 busiest air routes - dominated by the south Pacific.

Yellow peas are the new milk - powered by $44M from Google.

Parents who pranked their kids on YouTube get five years probation.

Clickbait: The Juggalos are marching on Washington.

Historybook: Michelangelo begins work on David statue (1501); Francis Scott Key writes Star-Spangled Banner (1814); Gen. John Pershing born (1860); HBD Roald Dahl (1916); HBD Super Mario Bros. (1985); RIP Tupac Shakur (1996); George Wallace dies (1998); Hurricane Ike makes landfall in Texas (2008)
"BOOKS GAVE MATILDA A HOPEFUL AND COMFORTING MESSAGE: YOU ARE NOT ALONE."
-Ronald Dahl
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