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Preparing for Disaster by Betting Against It (NYT)
The Metropolitan Transit Association's catastrophe bond, a type of insurance to cover the costs of future storms like Hurricane Sandy, could be a model for disaster prep, says Roosevelt Institute Fellow Georgia Levenson Keohane.
A Comcast-Time Warner Cable Deal Would Combine Two of America’s Most-Reviled Companies (Quartz)
Adam Pasick reports on the newly-announced merger plan. He quotes Roosevelt Institute Fellow Susan Crawford, who predicts that the only way this will affect customers is through higher prices.
GOP Succumbs to Rare Outbreak of Sanity (The New Yorker)
John Cassidy says the moment passed after the House voted to raise the debt ceiling. Ted Cruz's reaction proved that nothing had changed, even as the debt ceiling increase passed the Senate.
I Can’t Find Enough Skilled Workers! (At the Crappy Wage I’m Offering…) (On The Economy)
When employers complain about a lack of skilled workers, Jared Bernstein says they're forgetting the second half of that equation. Case in point: regional airline pilots, who sometimes barely break minimum wage.
After Outcry, White House Extends $10.10 Minimum Wage to Some Disabled Workers (In These Times)
Mike Elk reports on the change, which follows public objections to keeping disabled workers' wages lower than the minimum. Disabled service and concessions workers will now get minimum wage, not less.
Up in Arms Over Union ‘Persuader’ Rule (The Hill)
Kevin Bogardus and Ben Goad report on the proposed regulation, which would require companies to disclose when they bring in legal consultants on union election strategy.
America Has Forgotten Its Three Biggest Economic Lessons (Salon)
According to Robert Reich, those lessons are that consumers create jobs, the rich do better with a smaller share of a growing economy, and taxes pay for public investment that helps everyone.