OK

This is only a Preview!

You must Publish this diary to make this visible to the public,
or click 'Edit Diary' to make further changes first.

Posting a Diary Entry

Daily Kos welcomes blog articles from readers, known as diaries. The Intro section to a diary should be about three paragraphs long, and is required. The body section is optional, as is the poll, which can have 1 to 15 choices. Descriptive tags are also required to help others find your diary by subject; please don't use "cute" tags.

When you're ready, scroll down below the tags and click Save & Preview. You can edit your diary after it's published by clicking Edit Diary. Polls cannot be edited once they are published.

If this is your first time creating a Diary since the Ajax upgrade, before you enter any text below, please press Ctrl-F5 and then hold down the Shift Key and press your browser's Reload button to refresh its cache with the new script files.

ATTENTION: READ THE RULES.

  1. One diary daily maximum.
  2. Substantive diaries only. If you don't have at least three solid, original paragraphs, you should probably post a comment in an Open Thread.
  3. No repetitive diaries. Take a moment to ensure your topic hasn't been blogged (you can search for Stories and Diaries that already cover this topic), though fresh original analysis is always welcome.
  4. Use the "Body" textbox if your diary entry is longer than three paragraphs.
  5. Any images in your posts must be hosted by an approved image hosting service (one of: imageshack.us, photobucket.com, flickr.com, smugmug.com, allyoucanupload.com, picturetrail.com, mac.com, webshots.com, editgrid.com).
  6. Copying and pasting entire copyrighted works is prohibited. If you do quote something, keep it brief, always provide a link to the original source, and use the <blockquote> tags to clearly identify the quoted material. Violating this rule is grounds for immediate banning.
  7. Be civil. Do not "call out" other users by name in diary titles. Do not use profanity in diary titles. Don't write diaries whose main purpose is to deliberately inflame.
For the complete list of DailyKos diary guidelines, please click here.

Please begin with an informative title:

Economics Daily Digest by the Roosevelt Institute banner
By Tim Price, originally published on Next New Deal

Click here to receive the Daily Digest via e-mail.

Looking for Mister Goodpain (NYT)

Paul Krugman writes that austerians continue to scour the globe for evidence that austerity has actually worked somewhere, only to encounter disappointment and heartbreak at every turn. But for now, heaven is a place on earth, and that place is Latvia, apparently.

Americans shocked to learn that there isn't actually a Social Security crisis (Salon)

Alex Pareene notes that despite the elite consensus that Social Security cuts must be a good idea because they're so unpopular, a new opinion survey shows that the key to resolving the "crisis" in most people's minds is telling them what's really going on.

Report: Nearly Half of Americans Have No Safety Net to Keep Them Out of Poverty (AlterNet)

Lauren Kelley highlights a study that finds almost 44 percent of Americans lack adequate savings to keep them afloat for more than three months and a third have no savings at all. Have they double-checked their offshore tax havens? Sometimes it just slips your mind.

The Idiocy of Sequestration (Slate)

Matthew Yglesias provides an explainer on the sequester, a $1.2 trillion package of painful, unnecessary, and ultimately pointless spending cuts that exists because the two parties could only work together on something when neither of them wanted it to happen.

The Wrong Kind of Immigration Spending (Prospect)

Paul Waldman notes that while immigration tapered off in the wake of the Great Recession, the Obama administration ramped up deportations and sank $18 billion into enforcement in 2012. All we're missing is a sphinx to pose riddles to travelers at the border.

Jacob Lew, Mary Jo White and Dunbar's Number (NYT)

Simon Johnson writes that what worries reformers about Obama's picks for Treasury and the SEC isn't their policy record but their Wall Street-heavy circle of friends, like when you start dating someone and then notice that they follow Nickelback on Twitter.

Libor Lies Revealed in Rigging of $300 Trillion Benchmark (Bloomberg)

Liam Vaughan and Gavin Finch explore how derivatives traders orchestrated the biggest financial fraud of all time while regulators somehow managed to convince themselves that the honor system was more than adequate with 15-figure sums on the line.

Doubt Is Cast on Firms Hired to Help Banks (NYT)

Jessica Silver-Greenberg and Ben Protess report that critics are asking whether regulators have leaned too heavily on consulting firms who are being paid by the banks they're supposed to review. But "Good job with all those crimes!" is still technically a review.

Could New Orleans Be the Labor Movement's Next Frontier? (The Nation)

Roosevelt Institute | Pipeline Fellow Nona Willis Aronowitz argues that the influx of young people into New Orleans' hospitality industry could create a critical mass for unionization, but it depends on whether they identify as current bartender or future novelist.

Labor of Love: The enforced happiness of Pret A Manger (TNR)

Timothy Noah looks at the growing trend toward "emotional labor," which demands that employees not only show up on time and do their jobs well but convince you that their greatest dream in life is to be behind that counter making you a $10 sandwich.


Tim Price is Deputy Editor of Next New Deal. Follow him on Twitter @txprice.
Intro

You must enter an Intro for your Diary Entry between 300 and 1150 characters long (that's approximately 50-175 words without any html or formatting markup).

Extended (Optional)

Originally posted to Daily Kos Economics on Fri Feb 01, 2013 at 06:52 AM PST.

Also republished by Daily Kos.

EMAIL TO A FRIEND X
Your Email has been sent.