Daily Digest - July 24: Don't Copy the U.S. Telecoms Model

Jul 23, 2013Rachel Goldfarb

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Cable Companies Try to Take Over Europe, Too (Bloomberg)

Roosevelt Institute Fellow Susan Crawford thinks that the leaked European Commission proposal for data communications copies all the worst features of the U.S. model. Encouraging monopoly behavior doesn't increase high-speed access.

Why CEO Pay Exploded Over The Last 20 Years (HuffPo)

Caroline Fairchild looks at the Roosevelt Institute's latest white paper to discuss how the performance pay loophole has contributed to the explosive growth of CEO pay. Changes in the tax code under President Clinton encouraged a rise in options-based compensation.

  • Roosevelt Take: Read the white paper, "Fixing a Hole: How the Tax Code for Executive Pay Distorts Economic Incentives and Burdens Taxpayers," by Roosevelt Institute Director of Research Susan Holmberg and Roosevelt Institute | Campus Network Senior Fellow for Economic Development Lydia Austin here.

Part-Time Work On The Rise, But Is That A Good Thing? (NPR)

Michel Martin questions whether the rise in part-time work could be a positive change. His discussion with Amere Graham, a minimum-wage part-time McDonald's employee, makes it clear that these are in no way good jobs or careers.

The American Dream: Survival is Not an Aspiration (Al Jazeera)

Sarah Kendzior argues that the American dream of upward mobility is dying. In the low-wage service economy, there isn't money to spare for education, while higher-wage industries require unpaid or low-pay short-term positions, blocking out those without money.

Is the US Economy Good, Bad, or In-Between Right Now? (On The Economy)

Jared Bernstein compares the economy to a standard transmission car - we're currently in second gear, but we need policies that will help us to accelerate the economy by reconnecting growth and middle-class prosperity.

The Budget Crisis in Congress's Head (Bloomberg)

Evan Soltas asks why Congressional Republicans are still seeking spending cuts when according to Congressional Budget Office estimates, the crisis is past us. The cuts aren't needed anymore, but the GOP continues to hold fiscal measures hostage to these demands.

Economy: Without Congress, All Obama Can do is Talk (MSNBC)

Suzy Khimm suggests that President Obama is kicking off a series of speeches on the economy because he can't do anything else. Congress isn't taking action, so the President can only point to the issues and assure voters that someone is paying attention.

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