Daily Digest - August 1: Too Big to Fail vs. Too Small to Matter

Aug 1, 2014

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An In-Depth Look at Campaign Finance Reform (MSNBC)

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An In-Depth Look at Campaign Finance Reform (MSNBC)

In this extended online segment, Roosevelt Institute Fellow Dorian Warren speaks with Zephyr Teachout about using multiple matching funds as a tool to increase the power of small donors.

Playing the ‘Who’s the Boss?’ Game with Employees (WaPo)

The National Labor Relations Board ruling that McDonald's can be held accountable for franchise labor violations sheds light on the ways employers try to dodge responsibility, writes Catherine Rampell.

  • Roosevelt Take: Roosevelt Institute President and CEO Felicia Wong and Senior Fellow Richard Kirsch commented on the NLRB decision earlier this week.

‘Pension Smoothing’: The Gimmick Both Parties in Congress Love (NYT)

Josh Barro says pension smoothing, which increases revenues by allowing smaller pension contributions, and other gimmicks provide funding on too-short timelines, requiring another hunt for funds soon after.

Feds Say Big Banks Are Still Too Big to Fail (MoJo)

Despite Dodd-Frank's financial regulations, a new Government Accountability Office report says investors still expect bailouts if the largest banks fail, giving those banks advantages over smaller ones, writes Erika Eichelberger.

Hope Springs Eternal, But The Data Is Actually Pretty Mixed About Whether Or Not Recovery Is Accelerating (Working Economics)

Josh Bivens cautions against excitement about GDP and job growth as signs of a speedier recovery. The data isn't actually that strong, and he sees the potential for job growth to slow.

New on Next New Deal

Let's Hope the GAO Report Ends the Too-Big-to-Fail Subsidy Distraction

Roosevelt Institute Fellow Mike Konczal writes that the existence of a too-big-to-fail subsidy isn't as important or potentially destructive as the systemic problems of the financial system.

Education Left Behind

Edyta Obrzut, the Campus Network's NextGen Illinois Research Fellow, examines the challenges facing education policy in Illinois today, and the potential solutions put forward by NextGen caucuses.

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Daily Digest - July 31: The IRS Can't Follow the Money When It Has None of Its Own

Jul 31, 2014

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IRS Failing to Regulate Dark-Money Political Spending (Real News Network)

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IRS Failing to Regulate Dark-Money Political Spending (Real News Network)

Roosevelt Institute Senior Fellow Thomas Ferguson explains how reduced funding for the IRS is preventing the agency from properly determining what groups need to report political spending.

3 Reasons Subsidized Jobs Should Be Part of an Economic Mobility Agenda (CAP)

Rachel West says that subsidized job programs are effective at bringing people who have been left out into the labor force, even in non-recessionary times.

It’s a Reasonable Goal: Wages That Pay the Bills (Boston Globe)

Steven Syre questions why public support is so much higher for groups fighting to maintain their hard-won living wages than it is for fast food workers seeking the same level of stability.

Obama Plans New Scrutiny for Contractors on Labor Practices (NYT)

A new executive order will require federal contractors to disclose any labor violations from the past three years, and give preference to cleaner records, report Steven Greenhouse and Michael D. Shear.

Why the House of Representatives Just Voted to Sue President Obama (Vox)

Neither legislative body has ever sued the President for failing to enforce the law, explains Andrew Prokop, so this has broad implications for who controls how policy is implemented.

New on Next New Deal

Leadership Wanted: The College Access Crisis Needs You, Mayor de Blasio

Kevin Stump, Leadership Director for the Roosevelt Institute | Campus Network, says that Mayor de Blasio must invest in programs that increase college access alongside those that help at-risk students.

In the Artisanal Economy, Work Is What You Make of It

In his speculation for the Next American Economy project, Harvard economics professor Lawrence Katz suggests that an economy of craftsmanship could create higher wages out of low-end work.

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Daily Digest - July 30: Technology Builds Community, But Will It Limit Prosperity?

Jul 30, 2014Rachel Goldfarb

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Civic Tech and Engagement: How City Halls Can Help Construct Stronger Neighborhoods (Tech President)

Roosevelt Institute Fellow Susan Crawford says that local governments demonstrating responsiveness through technology can improve public trust.

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Civic Tech and Engagement: How City Halls Can Help Construct Stronger Neighborhoods (Tech President)

Roosevelt Institute Fellow Susan Crawford says that local governments demonstrating responsiveness through technology can improve public trust.

Health Insurers Press to Exempt Millions From ACA (The Hill)

Roosevelt Institute Senior Fellow Richard Kirsch explains the latest push by insurance companies to lower their own costs by limiting the consumer protections of the Affordable Care Act.

Financial Market Oversight, Economic Recoveries, and Full Employment: Some Crucial Linkages (On The Economy)

Jared Bernstein says that implementing Dodd-Frank is essential to achieve full employment. For how to deal with financial oversight, he recommends turning to Roosevelt Institute Fellow Mike Konczal.

Sympathy for the Overdog (Slate)

The employees of Market Basket, a Northeast grocery chain, are protesting their CEO's ousting. Luke O'Neil reports that they credit him with their fair wages and benefits, and fear a backslide.

New on Next New Deal

Roosevelt Reacts: NLRB Holds McDonald's Accountable for Labor Violations

Roosevelt Institute President and CEO Felicia Wong and Senior Fellow Richard Kirsch praise yesterday's National Labor Relations Board ruling for its common-sense support for workers.

Through Innovation, People Will Live Longer and Earn Less

In his video speculation for the Next American Economy initiative, MIT professor Frank Levy predicts the rise of an anti-technology movement as the economy stays stagnant.

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Daily Digest - July 29: Companies Look to Turn Off the Tap on Free Water

Jul 29, 2014Rachel Goldfarb

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Companies Proclaim Water the Next Oil in a Rush to Turn Resources into Profit (The Guardian)

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Companies Proclaim Water the Next Oil in a Rush to Turn Resources into Profit (The Guardian)

As the CEO of Nestle publicly declares that any water beyond survival needs should be paid for, Suzanne McGee considers the potential horror story of commodifying water.

Paid Leave Encourages Female Employees to Stay (NYT)

Federally mandated paid maternity leave could be one of the most powerful tools to reverse the decline of women's participation in the U.S. labor force, says Claire Cain Miller.

One More Clue that the Obamacare Lawsuits Are Wrong (TNR)

In light of current legal fights over health care exchange subsidies, Jonathan Cohn looks back to a 2010 e-mail from an influential House staffer for proof of Congress's intentions.

History Suggests Ryan Block Grant Would Be Susceptible to Cuts (Off the Charts)

Richard Kogan points out the vulnerability of block grants, which have less obvious impacts than individual programs. Of 11 major anti-poverty block grants, nine have faced cuts since 2001.

A Bill to Get the Labor Movement Back on Offense (The Nation)

George Zornick reports on a proposal by House Democrats that would make labor organizing a civil right and allow workers to take their complaints outside the National Labor Relations Board.

Fast Food Convention Portends Escalation in Strikes (MSNBC)

Ned Resnikoff writes that workers at this weekend's fast food convention pushed for more radical tactics as well as cross-movement collaboration with groups like Moral Mondays in North Carolina.

New on Next New Deal

After the End of the Innovation Era

Rob Atkinson, president of the Information Technology and Innovation Foundation, envisions a future of slowed technological growth in his speculation for the Next American Economy project.

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Daily Digest - July 28: Work Shouldn't Be a Threat to Working Families

Jul 28, 2014Rachel Goldfarb

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Poor Parents Need Work-Life Balance Too (The Nation)

Michelle Chen says that without the flexibility of scheduling offered by white-collar jobs, workers in the service industries face volatile schedules that disrupt family lives.

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Poor Parents Need Work-Life Balance Too (The Nation)

Michelle Chen says that without the flexibility of scheduling offered by white-collar jobs, workers in the service industries face volatile schedules that disrupt family lives.

Fast-Food Workers Intensify Fight for $15 an Hour (NYT)

At the largest convention of fast-food workers, Steven Greenhouse reports that workers approved escalated tactics, drawing on the nonviolent civil disobedience of the Civil Rights Movement.

Close the Tax Loophole on Inversions (WaPo)

Treasury Secretary Jacob J. Lew explains the need for immediate action to reform the tax code to limit companies' ability to avoid taxes by merging with foreign companies.

Fed’s Targeting of Asset Bubbles Leads to Contradictions (AJAM)

Bubbles might be necessary to obtain full employment, writes Philip Pilkington, but limiting bubbles is among the Federal Reserve's goals. Higher deficits or lower inequality could help.

New on Next New Deal

Two Tiers of College Tuition? Not on This Campus

Mohanned Abdelhameed, Vice President of the San Bernardino Valley Community College chapter of the Campus Network, explains why students rejected two-tiered tuition pricing models.

Inequality Could Spark a Second Civil War

In his speculation for the Next American Economy initiative, Roosevelt Institute Fellow Dorian Warren imagines a future in which national cohesion has disintegrated and a one-party civil oligarchy has taken control.

Quick Thoughts on Ryan's Poverty Plan: What Are the Risks?

Roosevelt Institute Fellow Mike Konczal says that Paul Ryan's wholesale adoption of the President's plan for the Earned Income Tax Credit shows the value of pushing further to the left.

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Daily Digest - July 25: The Bad Science Behind the Anti-Woman Agenda

Jul 25, 2014Rachel Goldfarb

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Debunking the Bad Science on Abortion and Women's Health (The Hill)

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Debunking the Bad Science on Abortion and Women's Health (The Hill)

Roosevelt Institute Fellow Andrea Flynn explains the truth behind the anti-abortion myths that are presented as fact by lawmakers who pass legislation that harms women's health.

Setting the Table for Housing Reform (Progressive Massachusetts)

Alex Lessin summarizes Roosevelt Institute | Boston's deep dive into housing policy, which led them to focus on increasing public participation at zoning meetings as a key step for fair housing.

Some Republicans Push Compassionate, Anti-Poverty Agenda Ahead of 2016 Contest (WaPo)

Zachary Goldfarb speaks to Roosevelt Institute Fellow Mike Konczal, who says many of these Republican reform ideas only put a nicer spin on radical proposals like the Ryan budget plan.

Parts of Paul Ryan's Poverty Plan Even a Liberal Can Love (U.S. News & World Report)

Fixing mandatory minimum sentencing guidelines and limiting unnecessary professional licensing in some occupations are opportunities for bipartisan agreement, writes Pat Garofalo.

United Airlines' Outsourcing Jobs to Company That Pays Near-Poverty Wages Is Shameful (HuffPo)

Robert Creamer decries United for eliminating hundreds of middle-class jobs for the sake of financial performance. He writes that companies can't be permitted to put stock performance ahead of people.

Forget Too Big to Fail. Banks Bro-down to Borrow, and It May Cause a New Crash (The Guardian)

Heidi Moore calls on regulators to push new requirements on banks for their short-term lending, which she sees as a key piece of financial regulation to keep banks from failing.

New on Next New Deal

White House Summit Speakers: Look Beyond Congress for Action on Working Families

With Congress in gridlock, Julius Goldberg-Lewis, Midwest Regional Coordinator for Roosevelt Institute | Campus Network, praises the White House Summit on Working Families' focus on states and businesses.

Big Data is Watching You

In his speculation on the future for the Next American Economy initiative, Mike Mathieu, founder of high-tech business incubator Front Seat, says data-mining is coming for the human brain.

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Daily Digest - July 24: All the Performance Pay, None of the Performance

Jul 24, 2014Rachel Goldfarb

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The Pay-for-Performance Myth (Bloomberg Businessweek)

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The Pay-for-Performance Myth (Bloomberg Businessweek)

Eric Chemi and Ariana Giorgi report on a new analysis of data on the relationship between company performance and CEO pay, which shows no relationship between the two factors.

  • Roosevelt Take: In his white paper, William Lazonick explains how stock-based performance pay incentivizes CEOs toward business practices that manipulate stock prices.

Elizabeth Warren to Help Propose Senate Bill to Tackle Part-Time Schedules (The Guardian)

Jana Kasperkevic writes that the Schedules That Work Act would establish a right to request a predictable schedule, payment for cancelled shifts, and two weeks' notice of schedule changes.

Technology, Aided by Recession, Is Polarizing the Work World (NYT)

Claire Cain Miller says a new study explains how the recession has accelerated the loss of "routine" jobs, which follow well-defined procedures and used to go primarily to men and people with less education.

Even After Open Enrollment, Activity Remains Unexpectedly High on Federal Health Insurance Exchange (ProPublica)

There have been nearly 1 million transactions on the federal exchange since the April 19 enrollment deadline, writes Charles Ornstein, as people continue to sign up for and switch insurance plans.

Paul Ryan's Anti-Poverty Plan Should Support Minimum-Wage Hike, But Don't Count on It (The Hill)

Raising the minimum wage is one of the best ways to fight poverty today, writes Shawn Fremstad, but Paul Ryan ignores research that shows higher wages wouldn't impact employment.

Highway to Hell (The Economist)

The Economist says Congress's solution to funding the Highway Trust Fund through budget tricks around pensions creates risk of greater costs on taxpayers if those underfunded pensions go bust.

New on Next New Deal

The Future Economy Will Pit Man vs. Machine

Andy Stern, president emeritus of the SEIU, presents a speculation on the future for the Next American Economy project in which technology replaces the vast majority of jobs.

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Daily Digest - July 23: It's Been a Good Year for Financial Reform

Jul 23, 2014Rachel Goldfarb

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Ignore the Naysayers: Dodd-Frank Reforms Are Finally Paying Off (TNR)

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Ignore the Naysayers: Dodd-Frank Reforms Are Finally Paying Off (TNR)

The past year has seen important successes, like higher capital requirements, writes Roosevelt Institute Fellow Mike Konczal, and the next steps for financial reform are getting clearer.

We’re Arresting Poor Mothers for Our Own Failures (The Nation)

Bryce Covert points to the policy failures of welfare reform, which requires parents to work or look for work to receive benefits but hasn't provided for child care, leading to recent high-profile arrests.

Obama to Sign Bill Improving Worker Training (Time)

In the first significant legislative reform to job training in a decade, Maya Rhodan says the Obama administration and Congress put training programs on a more forward-looking path.

SEC Is Set to Approve Money-Fund Rules (WSJ)

The new rules target institutional investors over individuals, says Andrew Ackerman, aiming to train investors to accept fluctuations and prevent panicked mass sell-offs.

TaskRabbit Redux (New Yorker)

Adrienne Raphel writes that TaskRabbit's recent relaunch makes it more clear that for all their marketing, online tools for hiring labor or transportation are about commerce, not community.

New on Next New Deal

Dr. Strangelove and the Halbig Decision

Roosevelt Institute Fellow Mike Konczal points out the fallacy in right-wing claims that there is a "doomsday machine" in the Affordable Care Act: doomsday machines only work if you tell people about them.

Full-Time Employment May Give Way to a Free Agent Economy

In his speculation on the future for the Next American Economy project, Carl Camden, CEO of Kelly Services, suggests that temporary employment firms like his will become the purveyors of social services.

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Daily Digest - July 22: Why Net Neutrality is All or Nothing

Jul 22, 2014Rachel Goldfarb

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All Aboard for Net Neutrality (In These Times)

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All Aboard for Net Neutrality (In These Times)

Cole Stangler quotes Roosevelt Institute Fellow Susan Crawford as he makes the case that the FCC should stop dancing around net neutrality and embrace common carrier regulation of the Internet.

Are Auto Insurance Companies Red-Lining Poor, Urban Drivers? (The Guardian)

Auto insurance rates are frequently determined by zip code, and risk factors like crime don't fully explain the price differences. Devin Fergus says redlining, or charging higher prices to minorities, may be to blame.

Obama Signs Historic LGBT Non-Discrimination Order (Slate)

Mark Joseph Stern calls the order, which prohibits federal contractors from discriminating based on sexual orientation or gender identity, Obama's biggest gay rights achievement since ending "Don't Ask, Don't Tell."

Businesses Need to Spend More. The Future of the Economy Depends on It. (NYT)

Increased capital spending by businesses would create jobs, and would also generate the productivity gains that make the economy more competitive over the long term, writes Neil Irwin.

Fed Researchers Optimistic on Long-Term Unemployment Drop (Bloomberg News)

Jeff Kearns reports on the Federal Reserve's reasons for optimism, which include signs that the long-term unemployed are still connected to the labor force and don't have significantly more trouble finding jobs.

New on Next New Deal

Lifelong Roosevelt Connections Help Students Lead Policy Change

Meeting alumni in her role as the Roosevelt Institute | Campus Network Special Initiatives Intern has shown Madelyn Schorr that students' ideas benefit from alumni input and assistance.

The Etsy Economy Prevails

In her speculation on the future for the Next American Economy project, Althea Erickson, Public Policy Director at Etsy, imagines a gig-based economy in which market platforms provide benefits like health care.

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Daily Digest - July 21: What Young Women Voters Want

Jul 21, 2014Rachel Goldfarb

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Not Your Father's Electorate (Richard Heffner's Open Mind)

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Not Your Father's Electorate (Richard Heffner's Open Mind)

Roosevelt Institute Vice President of Networks Taylor Jo Isenberg discusses the issues that young female voters are focused on today, zeroing in on economic concerns like paid leave.

The FCC Wants to Let Cities Build Their Own Broadband. House Republicans Disagree. (Vox)

Timothy B. Lee draws on Roosevelt Institute Fellow Susan Crawford's work to explain why municipalities should be allowed to build publicly-owned high-speed Internet networks.

The Bad Boss Tax (In These Times)

Sarah Jaffe looks at the "bad business fee" plan developing in Minnesota, which would fine employers for the de facto subsidies they receive when their workers are on public assistance.

Republicans Want to Control, Not End, the Fed (WaPo)

A GOP proposal would force the Federal Reserve to choose a mathematical rule for setting interest rates, but Matt O'Brien says that would be a hugely ineffective way to create policy.

Rep. Keith Ellison Wants to Make Union Organizing a Civil Right (MSNBC)

Ned Resnikoff reports on the Congressman's planned bill, which would allow workers to individually sue their employers for anti-union retaliation.

Part-Time Schedules, Full-Time Headaches (NYT)

Continuing his look at the problems that on-call schedules create for part-time workers, Steven Greenhouse emphasizes the near-impossibility of getting ahead without regular schedules.

The Last Hope for Extending Long-Term Unemployment Insurance May Have Just Gone Poof (MoJo)

Patrick Caldwell writes that with the GOP using a bit of budget trickery called pension smoothing to pay for highways, Democrats have to find a new option for funding long-term unemployment insurance.

New on Next New Deal

What Will the American Economy Look Like 26 Years From Today?

Roosevelt Institute Senior Fellow Bo Cutter introduces a series of speculations on the future of the American economy, with a focus on changes in technology, cities, and labor.

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