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The Fed Keeps Slouching Towards Oblivion (Atlantic)
Matthew O’Brien writes that the Fed’s game of chicken is, well, a chicken move. Do inflation and jobs need to disappear altogether to goose it into action?
Bernanke to Congress: A Little Help Here? (TPM)
Brian Beutler points out that the Fed is casually pushing the burden off on Congress, claiming that fiscal policy, not monetary policy, is what we need. A body also known for quick and decisive action.
Prisons, Privatization, Patronage (NYT)
Paul Krugman looks at the failings of private halfway houses and notes that it's one more example of selling government services off in a massive, corrupting yard sale.
Why Can’t Women Have It All? It’s Not You – It’s Discrimination (Nation)
NND Editor Bryce Covert points out that rather than blaming women for not being superhuman, we should turn our attention to the 1950s-style discrimination plaguing us in 2012.
Moody’s Cuts Credit Ratings of 15 Big Banks. But will it help? (NYT)
In a rare showing of anti-big bank action, 15 major institutions have been exposed as dangerous risk-takers. Wait, what's the news here?
With New Burden on Unions, Court Tips the Balance Toward Corporations (Nation)
Even the justices are favoring big business over the average American worker. John Nichols argues that this Supreme Court is becoming a full-scale GOP political player.
How We Could Be Doing More to Close the Tax Gap (Jared Bernstein)
Jared Bernstein comments that without a stronger IRS, any new taxes won’t even make a difference. It would also be helpful if someone understood the tax code.
Homeless? Just move in with someone! (WaPo)
Michael Fletcher notes that now almost 20 percent of Americans are housing additional random aunts and cousins. Recession 101: first you lose your job, and then you get stuck with your 35-year old son living on the couch.
How Skilled Immigrants Create Jobs (WSJ)
Matthew Slaughter explains that the immigration issue we really should be focusing on is how to keep skilled foreign scientists and engineers from going back overseas.
An economic growth strategy for a new Middle East (TheHill)
Roosevelt Institute | Pipeline member Brad Bosserman says we need to focus on helping put good economic policies in place in Arab Spring countries, because it's hard to ask people to refine election rules when they are homeless and starving.
Increase the minimum wage. Please. (ThinkProgress)
Travis Waldron surveys studies showing that increasing the minimum wage does not harm job growth and it helps people. Win-win.