Daily Digest - October 9: Economy Doing the Limbo, Going Nowhere

Oct 9, 2013Rachel Goldfarb

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Five Years in Limbo (Project Syndicate)

Roosevelt Institute Chief Economist Joseph Stiglitz writes that five years after the financial crises that set off the recession, the economy is still in limbo. It's true that some problems have been addressed, but no one can call our current economy a success.

What Should Democrats Demand in the Budget Showdown? (The Nation)

Bryce Covert thinks it's time for Democrats to go on the offensive and put in some budget demands of their own. She draws on Roosevelt Institute Fellow Mike Konczal's work for one of her suggestions: free public colleges and universities.

This Graph Explains Why Obama Rejected the Piecemeal Approach to Funding Government (The Atlantic)

Derek Thompson agrees with the president's decision to veto any piecemeal funding bills, because that will only drag out the crisis. If the most visible effects of the shutdown disappear, then the Republicans risk less in the public eye.

Amid Big Salmonella Outbreak, USDA Says It's On The Job (NPR)

Allison Aubrey reports that the USDA inspectors and investigators were working through the shutdown, and the current salmonella outbreak back in July. The CDC unit that tracks these outbreaks has called in some furloughed workers, who are suddenly essential too.

Obama to Pick Yellen as Leader of Fed, Officials Say (NYT

Jackie Calmes reports that the President has chosen the next chair of the Federal Reserve. His choice of Janet Yellen is somewhat expected and welcomed by many, but we'll have to wait a while for confirmation since the Senate is a little busy with the shutdown.

  • Roosevelt Take: Roosevelt Institute Senior Fellow and Director of the Bernard L. Schwartz Rediscovering Government Initiative Jeff Madrick and Roosevelt Institute Fellow Mike Konczal wrote about their reasons for supporting Yellen for this position.

Strong Enough for a Man, Effective Enough For A Woman (In These Times)

Sarah Jaffe looks at Senator Gillibrand's five point plan for families and the economy, which demonstrates just how closely these two policy areas are tied. Jaffe applauds the senator for taking such an aggressive stance on labor issues, which remain distinctly unpopular in Congress.

The She-covery that Wasn't (TAP)

Bryce Stucki argues that while women are holding a number of jobs equal to or exceeding pre-recession numbers, that doesn't mean policymakers can stop worrying about women in the workforce. Too many of these jobs are low paying and low quality.

New on Next New Deal

California's Environmental Regulations Provide a Vision for the Future

Roosevelt Institute | Campus Network Senior Fellow for Energy and Environment Melia Ungson sees environmental regulations as key for Millennials looking for a healthy future. That doesn't mean those regulations need to stand in opposition to economic development.

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