The Spin: Valencia joins crowd of Dems running for secretary of state | Rev. Pfleger returns to pulpit | Obama Presidential Center price tag rises to nearly $700M

Your wallet and politics: “And I think in a lot of advanced economies, people started feeling, rightly, that they were stuck, that their own standard of living wasn’t improving and that the stratification in their societies was probably more acute. That creates stress, anger, resentment, that I think oftentimes finds expression in populism, both left and right.”