Skip to main content

Economics Daily Digest by the Roosevelt Institute banner

By Rachel Goldfarb, originally posted on Next New Deal

Click here to receive the Daily Digest via email.

Highway Robbery for High-Speed Internet (TAP)

Paul Waldman quotes Roosevelt Institute Fellow Susan Crawford on why telecom companies can get away with charging whatever they please. Until telecom monopolies and duopolies are more tightly regulated, broadband won't get cheaper.

One of the Worst Patents Ever Just Got Upheld in Court (WaPo)

Timothy Lee reports that the Federal Circuit ruled that there was nothing abstract about Ultramercial's patent on the concept of showing a customer an ad instead of charging for content.

Republican Harvard Economist Writes Terrible Defense of the One Percent (NY Mag)

Jonathan Chait critiques an essay by Gregory Mankiw that consistently equates "rich" and "productive," ignoring those who earn vast amounts of money while supplying little productive good to society. But where would we be without pseudo-celebrities being paid for nightclub appearances?

6 Mind-Blowing Stats on How 1 Percent of the 1 Percent Now Dominate Our Elections (MoJo)

Andy Kroll lays out six charts that make it clear that 31,385 Americans are making the bulk of political donations, to the point where he thinks they are controlling who is able to enter a race, who wins, and their actions in office.

The Future of Fair Labor (NYT)

Jefferson Cowie argues for a new commitment to the Fair Labor Standards Act. With recent lawsuits on unpaid internships, an over-reliance on 1099 contractors, and the explosion of lawsuits for back pay by misclassified nonexempt employees, the need is clear.

How Workplace Harassers Won Big (Salon)

Irin Carmon reports that two Supreme Court decisions released yesterday vastly limit workplace discrimination lawsuits. This could make it even less likely that a harassed employee will be protected, and courts already tend to favor employers in Title VII cases.

Americans Support Job Creation To Fix Crumbling Infrastructure (ThinkProgress)

Bryce Covert breaks down a new Gallup poll that shows that Americans care more about the potential new jobs than the necessary increase in government spending for such a program. In short, the American people support stimulus to end the unemployment crisis.

  • Roosevelt Take: Roosevelt Institute Senior Fellow Jeff Madrick wrote on our Jobs Emergency conference, where a panel on the government's role in the crisis made similar suggestions.

Why Wall Street Doesn't Trust the Fed (Bloomberg)

Evan Soltas writes that even Wall Street is unhappy with the Fed's discussion of tapering off their monetary stimulus last week. He suggests that the Fed should consider adding additional factors, such as growth rates, to their decision about when to taper.

Originally posted to Daily Kos Economics on Tue Jun 25, 2013 at 07:05 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