Must-Read Money Stories for Tuesday, Jan. 24

by January 24, 2017
Do Trump's business interests violate the constitution? (image via flickr user Kim Davies, CC by-NC-ND 2.0)

Do Trump’s business interests violate the constitution? (image via flickr user Kim Davies, CC by-NC-ND 2.0)

Trump, Trump, Trump

It’s a day that ends in “day,” which means Donald Trump is at the center of a lot of important news again. Catch up on yesterday’s executive actions with this story from the LA Times, which highlights Trump’s plans for the Trans Pacific Partnership and his hiring freeze for federal agencies. Also, the President responded to a lawsuit which claims his business holdings violate the “emoluments” clause of the constitution, according to Reuters. That one will likely come up again, so here’s a nice explainer on the clause from the Washington Post.

More on Wells Fargo

Propublica found another way that Wells Fargo may have taken advantage of its clients. It says four employees in the bank’s Los Angeles region say they were instructed to charge borrowers a late fee to extend their interest rate, although missing the deadline was the bank’s fault. Even when the bank was responsible for delayed paperwork, these employees say they had to charge extra for customers who’d done nothing wrong.

Changing economy, changing politics

Politico magazine has a long profile of Pepin County, Wisconsin, a once-liberal enclave that suddenly, and surprisingly to some, voted for Donald Trump. This is not just a political story. It’s a story that uses politics as a lens to examine a changing economy, and how it affects daily life in a small corner of the country.

Did Davos deliver?

We mentioned last week the annual meeting of global elites in Davos, Switzerland. And here is a post-mortem of sorts from Mic, which isn’t all that inspiring. Despite global political upheaval over those left behind by globalism, the globalists themselves don’t seem all that concerned about changing their ways, according to Mic. That doesn’t mean more nationalism is the answer, only that no system is perfect, and that perhaps everyone could pay more attention to those who are left behind.

US Constitution” by flickr user Kim Davies, CC by-NC-ND 2.0.