Daily Digest - March 17: The Pacific Standard for Bad Deals

Mar 17, 2014Rachel Goldfarb

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On the Wrong Side of Globalization (NYT)

Roosevelt Institute Senior Fellow and Chief Economist Joseph Stiglitz argues that trade deals like the proposed Trans-Pacific Partnership create a race to the bottom for regulations, and exacerbate inequality.

The Great Corporate Cash-Hoarding Crisis (AJAM)

David Cay Johnston says that multinationals keeping their cash abroad instead of investing in their businesses or paying income taxes on it is what is keeping the U.S. from a real economic recovery.

10 Things Elizabeth Warren's Consumer Protection Agency Has Done for You (MoJo)

Erika Eichelberger lists the changes the Consumer Financial Protection Bureau has already pushed through since its creation in 2011, which affect homeowners, student loan holders, and anyone with a credit card.

Capping Public Service Loan Forgiveness at $57.5K Defeats Its Purpose (HuffPo)

People who use the PSLF program are trying to do good for the country, and according to Tim Lowden, this proposed cap would create a disincentive to entering these absolutely vital careers.

Income Gap, Meet the Longevity Gap (NYT)

Two U.S. counties, separated by only 350 miles, have life expectancies that differ as much as Sweden and Iraq. Annie Lowrey reports on how inequality is affecting the length of people's lives.

Paul Ryan’s Worst Nightmare: Here’s the Real Way to Cut Poverty in America (Salon)

Michael Lind thinks planning to avert future poverty is great, but we could reduce poverty today with a simple solution: increased government spending in the form of generous welfare and social insurance programs.

The Cost of Kale: How Foodie Trends Can Hurt Low-Income Families (Bitch Magazine)

Flat wages and rising food costs are only exasperated by food gentrification and trends, says Soleil Ho. From 2007 to 2012, wages remained stagnant, while the cost of feeding a family increased 18 percent.

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