Daily Digest - September 24: Students on Food Stamps Need Somewhere to Spend Them

Sep 24, 2014Rachel Goldfarb

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On Campus (HuffPost Live)

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On Campus (HuffPost Live)

Caitlyn Becker speaks to Yvonne Montoya, President of the Santa Monica College chapter of the Campus Network, about her chapter's work to get food stamps accepted on campus. Her segment begins at 19:20.

New Deal Liberalism Lives On (WaPo)

Katrina vanden Heuvel, a member of the Roosevelt Institute's Board of Directors, says FDR-style liberalism is alive and well, pointing to leaders like Senator Elizabeth Warren and NYC's Mayor Bill de Blasio.

CEOs Get Paid Too Much, According to Pretty Much Everyone in the World (HBR)

Gretchen Gavett looks at new research on what people think the CEO pay gap should ideally be. Whether respondents felt strongly about CEO pay or not, their ideal ratios were very similar.

Fed Said to Warn Banks on Capital Charges on Leveraged Loans (Bloomberg News)

Craig Torres and Christine Idzelis report on increased Federal Reserve scrutiny of loans that lack stricter requirements that protect lenders. Earlier guidance hasn't slowed lending.

America Out of Whack (NYT)

Thomas Edsall asks a number of economists why, when the U.S. economy is growing so well, we haven't managed to ensure that some of the wealth is distributed to the lower and middle classes.

The Recovery That Left Out Almost Everybody (WSJ)

William Galston says the U.S. economy hasn't actually worked to improve the lives of average families since the end of the Clinton administration.

Now It’s Explicit: Fighting Inflation Is a War to Ensure That Real Wages for the Vast Majority Never Grow (Working Economics)

Josh Bivens looks at the discussion of a yet-unpublished paper from the Dallas Federal Reserve and points out that it essentially advises stopping progress on unemployment to limit inflation.

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Daily Digest - September 23: Even Wall Street Sees Inequality Holds Back the Economy

Sep 23, 2014Rachel Goldfarb

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Why Wall Street Cares About Inequality (WSJ)

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Why Wall Street Cares About Inequality (WSJ)

Major Wall Street institutions like Standard & Poor's and Morgan Stanley have put out reports on income inequality. Pedro Da Costa says it's because these companies see what's holding back the economy.

Treasury Announces Rules to Help Curb Benefits of Inversions (Buzzfeed)

The new rules will change how money transferred from foreign subsidiaries and U.S.-based parent companies is taxed, in order to reduce the advantages of inversion, writes Matthew Zeitlin.

The Politics of Pre-K: How A Program Known to Help Poor Mothers Could Doom Your Candidacy (TAP)

Rachel M. Cohen explains why the gubernatorial candidates in Pennsylvania will only talk about pre-K in terms of education, skipping any mention of working mothers or income inequality.

The GOP's Jobs Bill Will Create Few Jobs, But Plenty of Debt (TNR)

The $590 billion deficit increase from the bill's tax breaks proves to Danny Vinik that the GOP doesn't actually care about the deficit as much as it opposes increased government spending.

What Happens to Families on Housing Assistance When the Assistance Goes Away? (WaPo)

The cost of market-rate housing often erases the benefits of positive life changes that take people off housing assistance, writes Emily Badger, and more gradual assistance reductions are costly.

Those Lazy Jobless (NYT)

Paul Krugman says that John Boehner's repetition of the accusation that the unemployed just don't want to work proves that the "closed information loop of the modern right" is particularly effective.

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Daily Digest - September 17: Who's Taking Part in Our Unequal Democracy?

Sep 17, 2014Rachel Goldfarb

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Fighting Inequality in the New Gilded Age (Boston Review)

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Fighting Inequality in the New Gilded Age (Boston Review)

Roosevelt Institute Fellow Sabeel Rahman reviews three new books that ask who is engaging in democracy and how they are doing so in light of today's economic inequality.

Home Free? (New Yorker)

James Surowiecki looks at Utah's Housing First and Rapid Rehousing programs as examples of a better approach to solving social problems: investing in prevention.

At the Uber for Home Cleaning, Workers Pay a Price for Convenience (WaPo)

Lydia DePillis compares HomeJoy, an app-based cleaning service, to traditional services that count workers as employees, complete with worker's compensation for a job that involves harsh chemicals.

Do State Retirement Pensions Belong with Wall Street Hedge Funds? (The Guardian)

Suzanne McGee looks to current arguments in Rhode Island to explain why the high risks and high fees associated with hedge funds make some pension managers think twice.

‘A National Admissions Office’ for Low-Income Strivers (NYT)

David Leonhardt says Questbridge, a non-profit connecting low-income students to full-ride scholarships at top universities, has an innovative approach that is shifting the admissions process.

Americans' Stagnant Incomes, in Two Depressing Charts (Vox)

Danielle Kurtzleben looks at new data from the U.S. Census Bureau, which confirms that U.S. household income remains stagnant and income inequality hasn't shifted either.

New on Next New Deal

Wall Street Swindled Local Governments, Too. Here’s How They Can Get Their Money Back.

Roosevelt Institute Fellow Saqib Bhatti explains how Wall Street harmed municipalities with risky interest rate swap deals, and argues that those deals may have been illegal and should be fought in court.

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Daily Digest - September 12: Students Shouldn't Go Hungry on College Campuses

Sep 12, 2014Rachel Goldfarb

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How One Student is Fighting the College Hunger Crisis (MSNBC)

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How One Student is Fighting the College Hunger Crisis (MSNBC)

Ned Resnikoff profiles Yvonne Montoya, President of the Santa Monica College chapter of the Roosevelt Institute | Campus Network, and her work to get food stamps accepted on campus.

A Tour of the Roosevelt Family's New York (WSJ)

Sophia Hollander speaks with Roosevelt Institute Senior Fellow David Woolner about the Roosevelt legacy in New York through fourteen sites across the state, in light of the upcoming Ken Burns documentary The Roosevelts.

Measuring the Impact of States’ Obamacare Decisions (WaPo)

Jason Millman looks at a new study on how costs varied for people buying insurance based on their states' approach to the Affordable Care Act. States with successful exchanges had the lowest costs.

Why Co-ops Are the Future of the American Economy (AJAM)

Worker-owned businesses should appeal to liberals and conservatives alike, writes Matthew Harwood, because conservatives see ownership as building self-sufficiency and liberals appreciate the higher wages.

The Inflation Cult (NYT)

The investors and economists who continue to insist that runaway inflation is coming to destroy the U.S. economy are a sign of just how polarized our society has become, writes Paul Krugman.

Allentown Bets Big to Shed its Former Image (Marketplace)

Tommy Andres looks at how tax incentives structured through a Neighborhood Improvement Zone have begun to revitalize Allentown's downtown.

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Daily Digest - September 9: Block Grants Won't Solve Poverty -- They'll Make It Worse

Sep 9, 2014Rachel Goldfarb

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The Republican Playbook for Cutting Anti-Poverty Programs (The Nation)

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The Republican Playbook for Cutting Anti-Poverty Programs (The Nation)

Roosevelt Institute Fellow Mike Konczal and Bryce Covert write that block grants, like those that make up Paul Ryan's anti-poverty proposal, effectively freeze funding for their programs.

Can Republicans Be Convinced to Help Improve the Affordable Care Act? (TAP)

Looking at Mike Konczal's suggestion for improving the Affordable Care Act, Paul Waldman says that more specific proposals will force Republicans to act.

Democrats Have a Depth Problem. It’s Largely Their Own Fault. (WaPo)

Aaron Blake blames Democrats for not investing in developing young leaders, as the Republicans have done for 25 years, and credits groups like the Campus Network for starting to build that pipeline.

Ferguson Sets Broad Change for City Courts (NYT)

Frances Robles reports on the changes announced at Ferguson's first city council meeting since Mike Brown's death, including a cap on how much of the city's budget can come from court fines.

Dignity (New Yorker)

William Finnegan profiles one McDonalds employee on her work and her labor activism as she struggles to support her kids on $8.35 an hour, her wage after eight years on the job.

This Is What It's Like To Sit Through An Anti-Union Meeting At Work (HuffPo)

Dave Jamieson reports on recordings published by the Teamsters in which employers claim over and over that unions just want employees' money, not to improve the workplace.

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New Piece on Where the ACA Should Go Next

Sep 5, 2014Mike Konczal

In light of the increasingly good news about the launch of the Affordable Care Act, I wanted to write about what experts think should be next on the health care front. Particularly with the implosion of the right-wing argument that there would be something like a death spiral, I wanted to flesh out what the left's critique would be at this point. Several people pointed me in the direction of the original bill that passed the House, the one that was abandoned after Scott Brown's upset victory in early 2010 in favor of passing the Senate bill, as a way forward.

Here's the piece. Hope you check it out.

Follow or contact the Rortybomb blog:
 
  

 

In light of the increasingly good news about the launch of the Affordable Care Act, I wanted to write about what experts think should be next on the health care front. Particularly with the implosion of the right-wing argument that there would be something like a death spiral, I wanted to flesh out what the left's critique would be at this point. Several people pointed me in the direction of the original bill that passed the House, the one that was abandoned after Scott Brown's upset victory in early 2010 in favor of passing the Senate bill, as a way forward.

Here's the piece. Hope you check it out.

Follow or contact the Rortybomb blog:
 
  

 

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Daily Digest - August 26: Corporations Shouldn't Get a Free Pass on Tax-Dodging

Aug 26, 2014Rachel Goldfarb

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Cutting the Corporate Tax Would Make Other Problems Grow (NYT)

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Cutting the Corporate Tax Would Make Other Problems Grow (NYT)

Jared Bernstein counters recent suggestions for eliminating the U.S. corporate income tax by pointing out the extreme difficulty of capturing that revenue through personal income taxes.

  • Roosevelt Take: Roosevelt Institute Chief Economist Joseph Stiglitz proposes more viable reforms to the corporate income tax.

Stigmatizing Poor Kids in Our Public Schools (PolicyShop)

Matt Bruenig suggests that free lunch at school is the target of so much ire because it's seen as a "poor people thing," even though public schools are themselves a welfare program.

When Workplace Training Programs Actually Hinder Workers (The Nation)

The low-structure, free-choice-based model of the Workforce Investment Act limits its effectiveness, writes Michelle Chen, since it doesn't allow for prioritizing funding for the best training programs.

Another GOP State May Be Signing up for Medicaid, and the Reason is Obvious (LA Times)

Michael Hiltzik says the money being left on the table is finally proving enough to get Republican governors like Wyoming's to push for Medicaid expansion even though it's part of Obamacare.

Back to School, and to Widening Inequality (Robert Reich)

Kids who live in poor neighborhoods are at a disadvantage when it comes to school funding, writes Robert Reich, so economic inequality hobbles these students from an early age.

Central Banks to Lawmakers: You Try Growing the Economy (WaPo)

Ylan Q. Mui reports that the general attitude coming out of the annual Jackson Hole gathering was that monetary policy can only do so much, and legislatures need to step it up.

Cities Can Ease Homelessness With Storage Units (City Lab)

Kriston Capps looks at an innovative program in San Diego that creates stability by providing homeless people with transitional storage where they can safely leave their belongings each day.

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Daily Digest - August 19: With Inequality, It's Women and Children First

Aug 19, 2014Rachel Goldfarb

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Among the Poor, Women Feel Inequality More Deeply (NYT)

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Among the Poor, Women Feel Inequality More Deeply (NYT)

The burden of inequality falls more heavily on poor women, says Patricia Cohen, because they are more likely to be raising a family and get little support for the "second shift" of household management.

Blame Employers, Not Workers, for Any Skills Gap, Economist Says (WSJ)

Josh Zombrun looks at a new working paper from a University of Pennsylvania economist, which argues that employers who complain about lack of skills are accountable for refusing to provide training.

The Hunger Crisis in America’s Universities (MSNBC)

Ned Resnikoff reports on how colleges across the country are tackling rising food insecurity. Many are looking to Michigan State University, home of an established campus food pantry, for guidance.

A Co-op State of Mind (In These Times)

Ajowa Nzinga Ifateyo looks at the rise of worker cooperatives in New York City in light of the City Council's new $1.2 million initiative to support and grow such enterprises.

What Does the Fed Have to do with Social Security? Plenty (AJAM)

Dean Baker notes that Federal Reserve policy can influence unemployment rates, and when more people work, especially in low- and middle- wage jobs, Social Security revenues increase.

How Outdated Parking Laws Price Families Out of the City (CityLab)

A-P Hurd argues that requiring developers to build parking lifts the costs of housing out of the affordable range for most families. Hurd looks at a more family-friendly urban housing model.

New on Next New Deal

Curbing Campus Sexual Assault is Not About the Money

Campus Network's Hannah Zhang responds to critics of the Campus Accountability and Safety Act who call the bill's fines outsized to the problem of sexual assault on campuses.

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Daily Digest - August 15: Social Security at 79

Aug 15, 2014Rachel Goldfarb

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Social Security Marks 79th Birthday with Declining Service (WaPo)

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Social Security Marks 79th Birthday with Declining Service (WaPo)

Joe Davidson says that the Social Security Administration continues to aim for providing "the best possible service for the American public," but budget and staffing cuts have hampered that goal.

  • Roosevelt Take: Campus Network member Brian Lamberta calls for eliminating the cap on Social Security taxes to ensure the program's sustainability through Millennials' retirements and beyond.

Starbucks to Revise Policies to End Irregular Schedules for Its 130,000 Baristas (NYT)

In response to an article in The New York Times about a single mother's struggle with erratic scheduling, Starbucks plans to revise its scheduling practices to improve worker stability, writes Jodi Kantor.

Why the Minimum Wage Issue is a Win-Win for Obama (MSNBC)

Timothy Noah explains that if Congress won't pass a minimum wage increase, then Democrats have an easy wedge issue for the 2014 elections, which is especially important as they fight to hold the Senate.

Education Alone Is Not the Answer to Income Inequality and Slow Recovery (TAP)

Many economists are emphasizing education as a way to spread the economic recovery beyond the 1 percent, but Robert Kuttner argues for a job-creating solution instead: infrastructure investment.

It's Time to Pay Prisoners the Minimum Wage (TNR)

Josh Kovensky argues that using prison labor as a cost-cutting measure is ineffective and creates unexpected costs, particularly relating to the dependents of prisoners.

When Your Employer Doesn’t Consider You an Employee (AJAM)

The recently proposed Payroll Fraud Prevention Act would help balance power in the workplace by ensuring workers know their rights as employees or contractors, writes Malcolm Harris.

Why it’s No Easy Task to Determine What the GSEs Should Charge for Their Guarantee (MetroTrends Blog)

Laurie Goodman, Ellen Seidman, Jim Parrott, and Jun Zhu lay out the difficulties in determining what fees Fannie Mae and Freddie Mac should charge for guaranteeing mortgage-backed securities.

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Daily Digest - August 11: Big Business's Frenemy in the White House

Aug 11, 2014Rachel Goldfarb

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Your Call: The U.S.-Africa Summit and Corporate Taxes (KALW)

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Your Call: The U.S.-Africa Summit and Corporate Taxes (KALW)

Roosevelt Institute Fellow Mike Konczal discusses President Obama's interview with The Economist, and explains the administration's relationship with big business. His segment begins at 34:00.

Libertarian Fantasies (NYT)

Paul Krugman says that the libertarian vision of society bears little resemblance to reality, and references Mike Konczal's recent piece on libertarians and basic guaranteed income as an example.

Paul Ryan's Magical Poverty Tour (AJAM)

Susan Greenbaum points to an existing welfare block grant – the Temporary Assistance for Needy Families program – as proof that Ryan's plan would not serve enough of the eligible families.

Franchise Association Sues Over Seattle’s $15 Wage (MSNBC)

The law requires large businesses, including franchisees, to raise wages faster than smaller ones. Franchisees claims this discriminates against their business model, reports Ned Resnikoff.

Decline in 'Slack' Helps Fed Gauge Recovery (WSJ)

Pedro da Costa explains how the gap between economic resources we have and those that we use, particularly in the labor market, is influencing Federal Reserve decisions about interest rates.

Fed's Fischer Calls U.S. and Global Recoveries Disappointing (Reuters)

Howard Schneider reports on Federal Reserve Vice Chair Stanley Fischer's concerns regarding how central banks must respond to the possibility of permanently slowed growth post-recession.

‘Eat Your Vegetables’ Is Easier for Low-Income Mothers Who Get Help (Pacific Standard)

A new study shows financial incentives at farmers' markets do work to increase vegetable consumption, writes Avital Andrews, which makes a strong case for government nutrition incentives.

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