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What Counts as Good News?

The Census Bureau reported that median household income jumped 5.2% in 2015, and 3.5 million people rose out of poverty. The Washington Post called it “a spike that broke a years-long streak of disappointment for American workers.”

Bloomberg columnist Barry Ritholtz said that numbers showed that the recovery from the Great Recession is finally taking hold. “Unlike in recent years, when much of the gains went to an increasingly narrow group at the top of the economic strata, last year’s improvements were broad and deep.”

The New York Times noted the “eye-popping improvement in economic fortunes” but put it in context: “real incomes of most American households still are smaller than in the late 1990s. And large swaths of the country—rural America, industrial centers in the Rust Belt and Appalachia—are lagging behind.” A few days later, though, the Times said that a reported finding that incomes had actually fallen in rural areas was wrong, a result of a definitional change; incomes rose 3.4% in rural areas in 2015.

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Rosalyn Cama
President and Principal Interior Designer, CAMA, Inc.

Rosabeth Moss Kanter
Ernest L. Arbuckle Professor of Business Administration, Harvard Business School

Eugene Podkaminer
Senior Vice President of Capital Markets Research, Callan Associates


Michael Sherling
Chief Medical Officer, Modernizing Medicine

Herbert M. Allison, Jr.
Chairman, President, and Chief Executive Officer, TIAA-CREF

Dhiraj Malkani '06
Partner, RockPort Capital Partners

Jim Matheson
CEO, Oasys Water

K. Geert Rouwenhorst
Robert B. and Candice J. Haas Professor of Corporate Finance & Deputy Director of the International Center for Finance