Close out 2015 with a read through Thursday’s newsletter!
From The Reporter’s Notebook
The Adelsons are facing blowback for their involvement in the purchase of the Las Vegas Review-Journal, a purchase they apparently tried to hide initially. According to TPM’s Tierney Sneed, the company has now hired Mark Fabiani—a Clinton White House alum who was a spokesman for Al Gore during the 2000 recount and has since represented the San Diego Chargers and other high profile clients—to handle its PR crisis.
BUZZING: Today in the Hive
From a TPM Prime member: “Being poor makes life riskier than being rich does. And when those risks manifest it can be devastating. And I’m talking about things that aren’t even on a well-off person’s radar. A flat (unfixable) tire; a dead TV or computer; a sick pet. The major risks that we all face: major medical bills, a legal problem, a divorce, or even living past employability, are there too and are game changers for most people and frequently transform a non-poor person into a poor person. But even the small stuff creates major problem and tons of stress if you are poor. We tend to treat economic life as running in an equilibrium state. But the less you have, the less that is true.”
Related: TPM’s deep, deep dive into the economics of inequality.
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