Daily Digest - March 22: Wall Street Strikes Back

Mar 22, 2013Tim Price

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Financial Reform Is Being Dismantled. Why Doesn't President Obama Seem to Care? (TNR)

Jeff Connaughton writes that while President Obama may want to put Dodd-Frank behind him and move on to other business, Dodd-Frank's opponents would also very much like to put it behind them, preferably inside the shallow grave they're busy digging for it.

Sneaky House Bill Would Gut Financial Reform (MoJo)

Case in point: Erika Eichelberger notes that the Swap Jurisdiction Certainty Act would let banks move their risky activities over to foreign subsidiaries to dodge U.S. regulations. Calling it the Wherever You Can Get Away With It Act was deemed too on-the-nose.

Millennial generation must play active role on HHS federal advisory committees (The Hill)

Roosevelt Institute | Campus Network Senior Fellow Rahul Rekhi makes the case for youth representation on the panels that will oversee implementation of Obamacare, especially since they may be nearing late middle age by the time it's all fully in place.

Selling the Store: Why Democrats Shouldn't Put Social Security and Medicare on the Table (Robert Reich)

Reich argues that if Democrats offer up the nation's most popular programs as a ritual sacrifice to the spirit of compromise, they'll be betraying one of the few things Americans still count on to make them more than just "Republicans, but apologetic about it."

Treasure Island Trauma (NYT)

Paul Krugman writes that what's unfolding in Cyprus is what happens when a tax shelter turns out to not be built up to code. But in order to avoid scaring off foreign money launderers, officials instead tried to punish domestic investors who fell for the ruse.

Is sequestration here to stay? (WaPo)

Suzy Khimm notes that the Continuing Resolution that passed both houses of Congress this week leaves the sequestration cuts in place, but it shifts funding around to make them less of a blow to the economy and more of a chloroform-soaked rag to its face.

Sequester threatens pile up of discrimination cases (MSNBC)

Ned Resnikoff writes that one consequence of sequestration is that labor regulators like the NLRB and the EEOC may have to furlough employees, adding to a backlog of cases. Still preferable to conservatives' desire to have them never show up for work again.

Report: Contraception is good for the economy, everything else (Salon)

Katie McDonough highlights a report that shows access to contraception helps women plan out their lives and careers better, since most people don't have a long enough lunch break to go bring a new life into the world and then pop back to the office.

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