Today's Smart Brevity count: 1,198 words ... ~ 5 minutes.
Among Fortune 500 companies, only 81 sponsored a pension plan in 2017, down from 288 in 1998, according to Prudential.
What’s happening: A perfect storm, from lower interest rates to higher longevity rates, is prompting corporations to offload their pension plans — selling them to insurance companies and offering lump-sum payments to some workers.
The bottom line: If you have any retirement plan, you're lucky. A quarter of non-retired Americans have no retirement savings or pension, per the Fed.
Illustration: Sarah Grillo/Axios
After America's tragic weekend, a focus group of swing voters in Minnesota was asked Monday if there should be a federal ban on assault weapons.
The Engagious/FPG focus group included eight people who flipped from President Obama to Trump in 2016, and four who switched from Mitt Romney to Hillary Clinton.
The swing voters maintained their position even when presented with the counterargument that if we start banning assault weapons, the government will try to ban other guns.
There was also unanimous support for a federal background check for the purchase of a weapon.
Between the lines: Nobody thought it would be a good solution to have more armed Americans as a way to try to stop mass shooters.
Video games were the topic related to the mass shootings in El Paso and Dayton that generated the most interactions (retweets, likes, comments, shares) on Facebook and Twitter (2 million) from Saturday through Monday.
The attack on the Gilroy Garlic Festival in Northern California by a 19-year-old gunman two weekends ago, which killed three, is being treated as an act of domestic terrorism, the FBI announced.
Gloria Garces kneels in front of crosses at a makeshift memorial near the mass shooting in El Paso. Photo: John Locher/AP
Sneak peek ... Joe Biden remarks, prepared for delivery in Burlington, Iowa, at 2:30 p.m. ET:
"We have a president who has aligned himself with the darkest forces in this nation," Biden continues:
Orange County, Calif., turns blue:
Lyft, which gained prominence in the wake of news about Uber's toxic corporate culture, "is increasingly under fire from women who say the company often falls short when faced with allegations of sexual harassment by drivers," writes the Washington Post's Faiz Siddiqui.
"[N]o one was more adept at cracking open the unknown tombs that dotted our psychic landscape than Toni Morrison," who died Monday in the Bronx, Pittsburgh Post-Gazette columnist Tony Norman writes.
P.S. N.Y. Times: "Ms. Morrison was one of the rare American authors whose books were both critical and commercial successes."
The Washington Redskins will become the first NFL team to have a gambling-focused telecast of their games, offering cash prizes to viewers who correctly predict in-game outcomes during the preseason, AP's Ben Nuckols writes.
What's next: The network in theory could accept real-time wagers on proposition bets offered during the telecast if it partnered with a sportsbook.
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