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.

Prisons are Shrinking. That Won’t Necessarily Last. (WaPo)

Roosevelt Institute Fellow Mike Konczal questions whether the Great Recession has had an effect on our incarceration system. It seems that the slow decline in incarceration rates started before the recession, but we could use this moment to continue that trend.

Why Progressives Hate the Idea of Larry Summers for Fed Chair (MSNBC)

Ned Resnikoff speaks to Mike Konczal about all the reasons Larry Summers isn't the right choice for the next Federal Reserve Chair. Mike points out that Summers has never shown any great interest in monetary policy to begin with.

The Cost of Austerity: 3 Million Jobs (MoJo)

Kevin Drum reports that Republican austerity policies since 2011 have reduced employment by nearly 3 million. The unemployed aren't any better off with this obstructionist, anti-growth behavior, but with a Democrat in the White House, he says Republicans don't care.

Helping America’s Renters (Reuters)

David Abromowitz questions how much profit Fannie Mae and Freddie Mac need to make before we can fund the National Housing Trust Fund. The fund was created to support low-income housing just before the crash, but has never had actual funds to work with.

Fighting Back Against Wretched Wages (NYT)

Steven Greenhouse looks at the low-wage workers nationwide who have decided they are tired of corporations who refuse to pay a living wage. But as one CEO quoted says, there is no such thing as too-high profits, and apparenty there's no need to pass that on to the workers.

Fast Food Strikes Intensify in Seven Cities (Salon)

Josh Eidelson looks at the expansion of fast food worker strikes that is coming today. The short-term strikes in seven cities are aimed to decrease risk for strikers, because fast food corporations haven't taken well to employees who dare to mention unions.

How to Ease Inequality on the Cheap (Pacific Standard)

Michael Fitzgerald appreciates the sentiment behind President Obama's call for universal Pre-K, but there may be a cheaper option in the short run. A World Bank working paper finds that weekly hour-long sessions with a childcare aid can have a massive effect on the child's adult income.


Originally posted to Daily Kos Economics on Mon Jul 29, 2013 at 06:57 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