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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Sep 14, 2016
Page
5
The Census Bureau reports 2015 poverty at 13.5 percent down from 14.7 percent the prior year, with median household income rising 5.2 percent to 56500 after inflation. Health insurance coverage declined to 9.1 percent uninsured as Obamacare's impact continued.
European Union President Donald Tusk argues national capitals should broker common EU solutions rather than expanding Brussels power. He criticizes centralized institutions and warns Brexit signals broader unease across the 28-nation bloc ahead of Bratislava summit.
Wells Fargo will eliminate all sales goals for credit cards checking and other retail products starting January 1 as part of efforts to repair its image after a 185 million settlement over aggressive sales tactics. CEO John Stumpf says training controls and oversight have strengthened. Finance chief John Shrewsberry says lower level staff drove improper sales and the bank has fired about 5300 employees since 2011 and invested 50 million to boost monitoring including a mystery shopper program.
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