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Why We Need a Left Wing Tea Party (The Daily Beast)
Sally Kohn calls on progressive factions to follow the Tea Party's lead and throw all their weight behind uncompromising candidates who are strong on every progressive issue.
- Roosevelt Take: Roosevelt Institute Fellow Mike Konczal examines why a liberal tea party hasn't emerged.
Labor Market Unchanged According to July Job Openings Data (EPI)
Comparing job openings data to unemployment, Elise Gould points out that over half of the unemployed were not going to find work in July no matter what they did, because the jobs don't exist.
Government Debt Isn't the Problem—Private Debt Is (The Atlantic)
Richard Vague writes that financial crises can be tied to too-high and rapidly growing private debt, which means policy solutions need to focus on debt relief for low- and middle-income people.
Were Fast-Food Workers Paid to Strike and Protest? (The Guardian)
The answer is no, writes Jana Kasperkevic. That rumor is a corruption of the union strike fund, a pool set aside to help pay for striking workers' arrest fines and lost wages.
Warren Faults Banking Regulators for Lack of Criminal Prosecutions (WSJ)
While Senator Warren focused on the Federal Reserve, Senator Shelby blamed the DoJ for seeking fines instead of jail time for banking executives, report Ryan Tracy and Victoria McGrane.
Want to Fix the Jobs Crisis? Build a Federally Funded Worker Education Infrastructure (TAP)
Good job training programs – the kind that see both students and employers as clients – can be highly successful, writes Paul Osterman, but they're small and difficult to scale up.
The OECD’s Latest Report is Burdened by Economic Myths (AJAM)
Philip Pilkington says that until economic policymakers stop assuming that economies rebalance themselves and that high government debt is the real problem, good policy change is unlikely.