Daily Digest - May 7: The More FinReg, the Merrier

May 7, 2013Tim Price

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Dodd-Frank is finally being implemented. Will that be enough? (WaPo)

Roosevelt Institute Fellow Mike Konczal argues that Brown-Vitter's capital requirements could be a smart addition to Dodd-Frank even if the latter works well. Just because banks can fail doesn't mean they should feel free to do so as hard and as often as possible.

2 Big Banks Face Suits In Mortgage Pact Abuses (NYT)

Jessica Silver-Greenberg reports that New York AG Eric Schneiderman is suing Bank of America and Wells Fargo for violating the mortgage settlement's terms by mishandling modification requests. Suddenly folding paperwork into funny hats is against the rules?

Why Left and Right Economists Can't Just Agree (NY Mag)

Jonathan Chait writes that finding economic beliefs shared by liberals and conservatives is tough because you're not comparing two people driven by data; you're comparing one person driven by data and one person who read somewhere that government is bad.

How Our Incredible Shrinking Government Raises Unemployment and Hurts the Recovery (The Atlantic)

Derek Thompson notes that even without the sequester, unemployment could be as low as 6.3 percent now if the government hadn't spent the last few years cutting back on spending when we need investment and laying off workers like it's going out of business.

Congress Helps Air Travelers, Ignores Victims of Rape and Domestic Violence (MoJo)

Tim Murphy writes that despite lawmakers' quick and decisive action to protect weary business execs from flight delays, they don't seem too interested in restoring the $20 million cut from VAWA grants that help protect the victims of abuse and sexual assault.

How Low Can Part-Timers' Hours Go? (Prospect)

Harold Meyerson notes that in response to an Affordable Care Act rule intended to make employers insure employees who work 30 hours a week, many part-timers are being bumped back to 29 hours or less. You win this round, nonsensical health care system.

Rising Health Care Costs Are Quietly Strangling the Middle Class (RealClearPolicy)

Benjamin Landy argues that while conservatives claim workers' compensation is on the rise because health benefits are getting pricier, that's all money that employees aren't seeing in their paychecks, and Aetna's not going to pay their mortgage for them.

GOP pushes bogus workplace bill from 1996 (Salon)

Alex Seitz-Wald notes that House Republicans are bringing us the freshest ideas of the Gingrich era with a plan to let workers convert their overtime pay into paid time off, so the only thing they need to do if they want to work less is to start working more.

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