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In The Loop
Posted at 10:18 AM ET, 02/20/2013

Jesse Jackson Jr. penned a personal-finance book; Postal Service debuts clothing line; and why the sequester isn’t so complicated (read-this roundup)

Former Rep. Jesse Jackson Jr. , personal-finance expert. (Win McNamee - Getty Images)
Here’s what the Loop is reading Wednesday:

Shop ‘til you drop — Our personal-finance columnist, Michelle Singletary, uses former Rep. Jesse Jackson, Jr., as a cautionary tale of materialism run amok. She catalogues some of the Illinois Democrat’s most outlandish spending (misusing campaign funds), including a $4,600 fedora owned by pop idol Michael Jackson. Also, she reminds us that Jesse Jackson Jr. once co-authored, with his famous father, a 1999 book on personal finance.

Is blue the new black? — Try not to laugh, or picture jacked-up socks and polyester pants: The postal service is debuting a line of clothing. Perhaps they could get Wayne Knight, the actor who played postal worker Newman on the sitcom “Seinfeld” to be the line’s celebrity spokesmodel?

Easy-peasy — The sequestration fight is not as complicated as you might think. It’s a simple popularity contest (sorry, Congress.)

Sit on it — Former Sen. Scott Brown blames the dreaded “pocket dial” for those oddball tweets. “Bqhatevwr” still catching on.

By  |  10:18 AM ET, 02/20/2013

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