GOOD DAY FOR: Drawing the Trump card, after Ed McMahon was bailed out by The Donald, who agreed to buy McMahon’s nearly foreclosed-upon Beverly Hills home and let him and his wife continue to live there. “I don’t know the man, but I grew up watching him on TV,” Trump said. (Los Angeles Times)
BAD DAY FOR: ’80s nostalgia, after U.S. drivers spent more on gas than cars in May and June, for the first time since 1982. Gas made up 4.4 percent of U.S. spending in June, versus 3.9 percent for autos and auto parts, the U.S. Bureau of Economic Analysis said. Cars have been getting cheaper, while gas prices are “hugely higher,” said Comerica Bank chief economist Dana Johnson. “The two trends have crossed.” (Bloomberg)
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Groypers: the alt-right group pulled into the foregroundThe Explainer The network is led by alt-right activist Nick Fuentes
-
10 concert tours to see this upcoming fallThe Week Recommends Concert tour season isn't over. Check out these headliners.
-
How to put student loan payments on pauseThe Explainer If you are starting to worry about missing payments, deferment and forbearance can help
