Daily Digest - June 18: The Twelve Labors of Greece

Jun 18, 2012Tim Price

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

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Greek elections: Status quo prevails, but crisis is far from over (WaPo)

Greek voters sided with the conservative pro-bailout party in yesterday's elections, and European leaders may reward them by softening the terms of the deal, like a prison warden offering a well-behaved inmate more time in the exercise yard.

Greece as Victim (NYT)

Paul Krugman writes that in the rush to invent a "lazy Greek" stereotype to justify the crisis, we've overlooked the inherent problems in building a fiscal union where Plan A if things go bad is "blame the poor countries" and plan B is mass hysteria

The Role of Government (On the Economy)

Jared Bernstein argues that Obama and Romney's visions differ on how much they think people can do for themselves and how often markets fail. Romney's more of a "pull yourself up by your bootstraps (onto your dressage horse)" kind of guy.

Post-New Deal America Needs Unions (TAP)

Harold Meyerson makes the case that in a service economy dominated by lousy low-wage jobs, the right to organize isn't an optional feature like extra cupholders or a heated steering wheel -- it's a vital part of the engine that keeps us moving forward.

How to Sweep Dark Money Out of Politics (MoJo)

Monika Bauerlein and Clara Jeffery examine four possible answers to Citizens United, including a constitutional amendment, more disclosure and public financing, and the morbid but popular game of eyeing the Court like a life insurance actuary.

'What New Law?' (TNR)

Alec MacGillis notes that patients in rural clinics who could benefit most from the Affordable Care Act's Medicaid expansion and insurance subsidies don't know much about the law, but they might support it if policymakers deigned to talk to them.

Disposable Families in Ohio (The Nation)

Greg Kaufmann reports that Ohio has thrown 70,000 people out of its cash-assistance program since January 2011 to avoid federal penalties for their low work participation rate. It's just as good as finding them work, but with 0 percent of the effort.

Why Obama's Decision to Stop Deporting Dream-Eligible Youth is Good for the Economy (Think Progress)

Travis Waldron points out that the president's plan to allow Dream Act-eligible young immigrants to stay and work in the U.S. will bring in more revenue and educated workers and (N.B., "they took our jobs!"-ers) help raise wages for everyone.

C.E.O. Pay Is Rising Despite the Din (NYT)

Nathaniel Popper notes that executive pay continued to climb with a median raise of 5 percent last year. That might sound modest by some standards, but when you're making nine figures and your bonus is a bunch of Apple stock, it does add up.

Senators Grovel, Embarrass Themselves at Dimon Hearing (Rolling Stone)

Matt Taibbi examines the lowlights of a hearing that saw senators acting more like they were seeking guidance from the Dalai Lama of Wall Street than grilling the CEO of a company that just suffered a multi-billion dollar trading loss.

With additional research by Danielle Bella Ellison.

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