Skip to main content

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.

A Mortgage Agency Pick Is Likely to Cause Conflict (NYT)

Peter Eavis and Annie Lowrey report that critics are displeased that the president is nominating Mel Watt, who supports mortgage writedowns to help struggling homeowners, to replace Ed DeMarco, who's been doing his best pet rock impression as acting FHFA director.

Federal Reserve ponders possibility of increasing stimulus (WaPo)

Ylan Q. Mui notes that the Fed explicitly acknowledged for the first time yesterday that the economy could get bad enough to convince it to ramp up its bond-purchasing program—and if it does, the central bank doesn't mind telling anyone that it will be Congress's fault.

GOP's Census Bill Would Eliminate America's Economic Indicators (HuffPo)

Tired of bad economic news? Maybe we'd be better off with no news at all. As Michael McAuliff writes, that seems to be the position taken by Republican lawmakers who want to ban the Census Bureau from collecting data used to calculate unemployment and GDP.

American job prospects make for dim May Day celebration (MSNBC)

Ned Resnikoff notes that yesterday was International Workers' Day, but it was a lot like any other day for American workers, marked by historically low labor force participation and union membership, declining job quality and safety standards, and the looming threat of layoffs.

Big Banks are Victims of Their Own Success (ProPublica)

Jesse Eisinger argues that the Brown-Vitter bill banks are decrying as a punitive measure that will destroy the financial system is the bad cop to Dodd-Frank's good cop. Wall Street may live to regret stripping the latter of its badge and its gun and drumming it off the force.

Banks on the Run (Continued) (The Nation)

Greg Kaufmann writes that banks are learning another valuable lesson about the consequences of indiscriminately throwing people out of their homes: no matter where they hold their shareholder meetings, angry activists keep turning up like a roll of bad pennies.

It's a 401(k) World and It Basically Sucks (Slate)

Matthew Yglesias thinks Tom Friedman's "401(k) world" metaphor is an apt description of modern America, but it's a barren, inhospitable world for anyone except the wealthy and the few middle-class workers who manage to invest wisely and adequately.

The New Study That Republicans Who Reject Medicaid Must Read (TNR)

While some conservatives are doing an end zone dance over a new study that shows Medicaid access has limited health benefits for the poor, Jonathan Cohn argues that keeping beneficiaries out of crippling medical debt—and clinical depression—isn't nothing.

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

Originally posted to Daily Kos Economics on Thu May 02, 2013 at 06:37 AM PDT.

Also republished by Daily Kos.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site