Daily Digest - April 18: So Sue Me

Apr 18, 2012Tim Price

What you need to know to navigate today's most critical debates.

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Has the Tide Turned on Taxes? (TNR)

Alex MacGillis notes that public opinion has shifted in favor of higher taxes just three years after the Tax Day protests that helped launch the Tea Party, and conservatives are having a hard time pushing back with the human avatar of the unfair tax code as their presidential candidate.

The 2012 Election and the Inequality Narrative (Naked Capitalism)

Roosevelt Institute Fellow Matt Stoller notes that Republicans may be tempted to co-opt the left's focus on inequality in this election as they've done in the past with issues like Medicare, though it's hard to figure out what they'd say about it aside from a Tony the Tiger-like "It's grrreat!"

How to Close the Gender Wage Gap in Just Seven Easy* Steps (The Nation)

NND Editor Bryce Covert has some good news for women: All it will take to finally secure equal pay is cooperation from the employers who have been treating them unfairly and the members of Congress who do less to earn their own paychecks than a reality TV star.

Why the eurozone may yet survive (FT)

Martin Wolf argues that while economic hardship can put a big strain on even the strongest marriages, the EU's bond is solid enough to make it through as long as Germany realizes it's not the only one in this relationship and becomes more considerate of its partners' needs.

The top 10 fastest-growing U.S. industries (Hint: Think hot sauce) (WaPo)

Who says this isn't a real recovery? With business booming for yoga studios, scammy for-profit colleges, and the producers of spicy condiments and skin creams that make you look like a baked Oompa Loompa, we're on the fast track to Winning the Future.

Why government, family budgets aren't the same (Maddow Blog)

As Mitt Romney revives the meme that government must live within its means like families do, Steve Benen explains the concept of taking on debt to invest in the future, because not everyone can write a check from their seven-figure bank account to pay for a new house or college tuition.

Participatory Budgeting Hits New York City (The Nation)

Elizabeth Whitman examines an experimental budgeting process in four New York City districts that aims to determine whether letting residents decide what their communities need to spend money on works better than having their representatives in the City Council take a guess.

"Corporate Personhood" Is Not the Problem (TAP)

Garrett Epps writes that while Citizens United was the straw that broke the camel's back, it reflects the conservative belief that free speech means not that everyone gets heard, but that whoever can afford the biggest megaphone gets to shout into it until everyone else goes deaf.

Citigroup Shareholders Reject Executive Pay Plan (NYT)

Jessica Silver-Greenberg and Nelson Schwartz report that under Dodd-Frank's requirement for "say on pay" votes, Citigroup has become the first financial giant to present its executive compensation plan to shareholders and have them respond with "You're kidding me, right?"

Bank of America Sues Itself in Foreclosure Case (HuffPo)

Zach Carter notes that BofA has decided to take all the care and attention to detail it's put into robo-signing to a whole new level by naming itself as a defendant in several foreclosure suits. On the upside, even if it wins, it loses.

With additional research by Elena Callahan.

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