Over 65? Congratulations, You Own the Economy – WSJ

Over 65? Congratulations, You Own the Economy – WSJ

Demographics, rising profits and soaring asset values have together wrought a quiet transformation in the American economy. Much of it is now in the hands of the elderly.?

As of the third quarter of last year, people 70 and over controlled roughly 39% of all equities and mutual funds owned by households, compared with 22% in 2007, according to Federal Reserve data. Their share of net worth—assets minus debts—was 32%, up from 20% two decades earlier.

Donald J. Trump International Airport? The President’s Company Trademarked It. – The New York Times

Donald J. Trump International Airport? The President’s Company Trademarked It. – The New York Times

Mr. Trump’s family business recently filed trademark applications for potential airport names, records show, an effort to preserve control over the use of his brand. The applications, filed last week with the United States Patent and Trademark Office, staked a claim to three names: President Donald J. Trump International Airport, Donald J. Trump International Airport and “DJT,” the possible airport code.

The application also sought to use the name in connection with a variety of airport-themed merchandise, including luggage, animal carriers and “shoes for protection of airline passengers’ feet during airport security screening.”

The Trump Organization filed the application, a statement from the company said, “because the Trump name is the most infringed trademark in the world.”