Most Americans Think Our Morals Are Going To Hell

Most Americans Think Our Morals Are Going To Hell

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By Millie Dent

Ask anyone about the state of moral values in the U.S. and you’re likely to get a response along the lines of, “we’re going to hell.”

Most Americans — 72 percent — are convinced that moral values in the U.S. are decaying, according to a new Gallup poll, and most people believe the current state of moral values isn’t all that great to begin with. Nearly half of those polled, 45 percent, called the state of moral values in the U.S. “poor,” while 34 percent said they are “only fair.”

Just 19 percent rated American morals as either “excellent” or “good,” and only 22 percent say the state of moral values is getting better.

Unsurprisingly perhaps, social conservatives have consistently been most likely to tell pollsters that the nation’s moral values are deteriorating, but the latest Gallup findings showed an uptick from 2014 to 2015 among social moderates and social liberals who believe moral values are regressing.

Related: How U.S. Morals Stack Up Against the World

Gallup also found that Americans’ views of the moral acceptability of a number of key issues has been shifting to the left since 2001. The largest shift was on gay or lesbian relations, with a 23 percentage point increase in the share of people who say that behavior is morally acceptable. The change coincides with a sharp increase in support for same-sex marriage. 

Sex between unmarried people has also become more acceptable, as has having babies outside of marriage. Polygamy and divorce are also now acceptable to a greater portion of the population than in 2001. On the other hand, the views of married men and women having an affair haven’t changed much, with just 8 percent of Americans saying it’s morally tolerable.

However, respondents to the poll about the current and future state of moral values weren’t necessarily responding with those charged social and political issues in mind. In many cases, Gallup suggests, their views of the moral direction of the country were rooted in something much more basic: “That is, their views have less to do with greater acceptance of same-sex marriage or having babies out of wedlock and other hot-button issues, and more to do with matters of basic civility and respect for each other,” Gallup’s Justin McCarthy wrote.

Clearly, the Golden Rule is still the bedrock of our moral code: Love thy neighbor as thyself.

DOJ Indicts Democratic Lawmaker for Corruption

By Martin Matishak

Martin Matishak, The Fiscal Times

The Justice Department has indicted Rep. Chaka Fattah (D-PA) on almost 30 federal counts of political corruption.

The 11-term congressman and four associates were indicted on 29 federal charges, including bribery, money laundering, falsification of records, and multiple counts of bank and mail fraud, the department announced Wednesday.

Related: Billions in Unfinished Business as Congress Heads Out for Vacation

The charges against Fattah and his associates stem from his failed run for Philadelphia mayor in 2007.

Fattah and the others "embarked on a wide-ranging conspiracy involving bribery, concealment of unlawful campaign contributions and theft of charitable and federal funds to advance their own personal interests,” according to Assistant Attorney General Leslie R. Caldwell.

Justice alleges that Fattah borrowed $1 million from a wealthy donor during his mayoral bid and that he returned $400,000 in unused funds and developed a scheme to repay the remaining $600,000 by tapping charitable and federal grants through a local non-profit the Pennsylvania lawmaker created.

Federal officials also allege that the Fattah sough to repay supporters by offering federal grants and used funds from both his mayoral and congressional campaigns to pay down his son's student loan debts of around $23,000.

"Public corruption takes a particularly heavy toll on our democracy because it undermines people’s basic belief that our elected leaders are committed to serving the public interest, not to lining their own pockets,” she said in a statement.

House Minority Leader Nancy Pelosi (D-CA) said that Fattah has stepped down as the top Democrat on the House Appropriations Commerce, Justice, Science and Related Agencies subcommittee.

Here’s Why Americans Are Keeping Their Cars Longer than Ever

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By Beth Braverman

As cars get more reliable Americans are holding onto their vehicles for longer than ever before. The average age of cars and light trucks is now 11.5 years old, according to a new report from IHS Automotive.

In addition to better reliability, cars are getting older because Americans bought far fewer new cars in the years following the Great Recession, as concerns lingered about unemployment and the strength of the economy.

Even as consumers have started purchasing new vehicles again, they’re still holding onto their older ones. The average length of ownership of a new vehicle reached 6.5 years in the first quarter of 2015, more than two years longer than in 2006. The number of cars more than 12 years old continues to grow and is expected to increase 15 percent by 2020.

Related: The Incredible Disappearing American-Made Car

IHS predicts that the average age of vehicles will inch up slightly over the next few years, hitting 11.7 years in 2018.

The number of cars on the road hit a record 258 million, posting a 2.1 percent increase over last year, driven by the purchase of new cars. IHS expects that volume of cars less than 5 years old will increase by 24 percent over the next five years.

Consumer sales of autos were on pace to rise 4.2 percent this month, according to TrueCar, compared to July of 2014, thanks to increased demand, summer sales events and the growing popularity of premium brands.

Top Reads from The Fiscal Times:

The Most Expensive Cities for Singles -- and the Cheapest

San Francisco, CA
Wikimedia Commons
By Suelain Moy

Looking for love in all the pricey places? Check out these lists of the most and least expensive cities for singles before you go on that next date or plan your next move. Looking good doesn’t come cheap, and the price of a decent wardrobe and a gym membership add ups before you even step out the door.

To determine which cities were the least and most affordable for singles, GoBankingRates examined 89 cities and rated them according to four expense categories -- clothing, dates, gym memberships and rent -- using data from Numbeo.com. “Singles are more likely to exercise, and to have a gym membership,” says Elyssa Kirkham, a finance writer for GoBankingRates. “They’re more likely to rent than own a home, and spend more money on dates and clothing.”

Related: Hot New Dating Criteria: What’s Your Credit Score?

San Francisco is the most expensive city for singles, especially when it comes to rent. Rent is 30 percent more expensive in San Francisco than it is in Honolulu. The cost of a date here is $147, compared with the median cost of $109. California just might be the most expensive state to date in, claiming seven of the top 15 spots: San Francisco, Fremont, Glendale, Irvine, Los Angeles, San Diego and Oakland.

The second most expensive city? New York City, which boasts the most expensive gym membership at $90 per month. Clothing costs here are the second-highest in the nation -- bad news for all the Carrie Bradshaws out there. And date night will set you back $145.

The most expensive date night in the country is in Washington, D.C., which came in third overall. Date night in our nation’s capital costs $166 for dinner, a bottle of wine, two movie tickets and a 10-mile taxi ride. Compare that to Chattanooga, Tennessee, which had the cheapest date night at $78.

Looking for more bang for your buck? Move to Reno, Nevada. Rent here is just 86 cents per square foot, and a night out averages $97.30. Keep in mind, though, that “the Biggest Little City in the World” was once known as the divorce capital of the world, so dating there may offer less promise than other locales.

Related: The Bad News About All the Singles in America

Most Expensive Cities for Singles

  1. San Francisco
  2. New York
  3. Washington, D.C.
  4. Honolulu
  5. Boston
  6. Fremont, California
  7. Glendale, California
  8. Anchorage, Alaska
  9. Miami
  10. Seattle
  11. Irvine, California
  12. Los Angeles
  13. San Diego
  14. Oakland, California
  15. Madison, Wisconsin

Related: Marriage?? Young Americans Aren’t Even Shacking Up

15 Cheapest Cities for Singles

  1. Reno, Nevada
  2. Tucson, Arizona
  3. Grand Rapids, Michigan
  4. Tacoma, Washington
  5. Indianapolis
  6. Mesa, Arizona
  7. Little Rock, Arkansas
  8. Albuquerque, New Mexico
  9. Huntsville, Alabama
  10. Memphis, Tennessee
  11. St. Louis, Missouri
  12. Jackson, Mississippi
  13. Stockton, California
  14. Omaha, Nebraska
  15. Chattanooga, Tennessee

Donald Trump Isn’t as Rich as He Says…but He’s Still Pretty Rich

Republican presidential candidate Trump gestures after speaking and taking questions at a rally in Manchester
REUTERS/Dominick Reuter
By Millie Dent

“I’m really rich,” Donald Trump boasted last month when he announced he was running for president. A new analysis by Bloomberg confirms that claim, but finds that the real estate mogul and presidential candidate is worth about $7 billion less than he claims.

When he announced his presidential bid, Trump touted a net worth of about $8.7 billion, a figure that soon ballooned to $10 billion. But Bloomberg calculates his wealth closer to around $2.9 billion. The Bloomberg Billionaires Index, a daily ranking of the world’s biggest fortunes, arrived at the value using both prior-known information and a 92-page personal disclosure form that Trump filed with the Federal Election Commission.

Related: 7 Revelations from Donald Trump’s Financial Disclosure​

The federal form that all presidential candidates are required to submit asks only for broad ranges in asset values, not specific sums. Anything above $50 million in value is lumped together in one category, which in Trump’s case left plenty of room for questions about just how valuable some of his assets are. The federal report also doesn’t require candidates to list personal property like art, clothing or real estate that’s for his own use.

The Bloomberg analysis went into much more depth, using figures such as purchase dates, square footage, rental rates and more.

The disclosure form revealed that most of Trump’s fortune comes from real estate holdings, such as the Trump Doral resorts in Florida and Trump Tower on Fifth Avenue in New York City. Other lucrative properties include premier golf courses in the U.S., Ireland and Scotland.

Related: Donald Trump Just Showed Why His Campaign Is Doomed​​

Trump had valued his golf and resort properties at $2 billion. Bloomberg, using price-to-sales ratios for similar properties, put the value at a combined $570 million.

The Bloomberg methodology also doesn’t put much value in the Trump brand, counting only the cash being held as part of licensing or other business deals. “Trump’s own estimations,” Bloomberg noted, “include much higher values for his brand.”

Top Reads from The Fiscal Times:

In a Black Eye for Wearable Tech, Nike Giving Refunds for FuelBand

REUTERS/Mike Segar
By Beth Braverman

If you thought that the calorie count and steps tracked by your Nike FuelBand were inaccurate, you may have been right.

Nike and Apple have agreed to settle a class action lawsuit claiming that the companies made misleading statements regarding the product’s ability to accurately track calories and steps, according to a website maintained by settlement administrator Gilardi & Co.

The companies have denied the allegations and claim they broke no laws, but they have agreed to a settlement in which Nike will give consumers who join the class action suit by January $15 or a $25 Nike gift card. The total cost of the refunds could reach more than $2 million.

Related: Why No One is Actually Buying Wearable Tech

Anyone who purchased a FuelBand from January 19, 2012 through June 17, 2015 is eligible for the refund.

Last year, Nike began shifting its focus away from producing FuelBands, choosing instead to focus on apps, including one for the Apple watch, that support fitness tracking. The company has said it has more than 60 million digital fitness software users.

The FuelBand was an early entrant into what has become a crowded field or wearable fitness trackers, despite questions about their accuracy. However smart watches, which offer built-in fitness trackers along with other apps, may soon eclipse the demand for that standalone products.

A report released last year by tech analysts Juniper Research projected that revenue from wearable tech, would increase from $4.5 billion in 2014 to more than $53 billion in 2019.