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By Rachel Goldfarb, originally published at Next New Deal

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Warning: Time Warner-CBS Clash Points Up Big Trouble Ahead (HuffPo)

Sandy Goodman credits Roosevelt Institute Fellow Susan Crawford's work for predicting the dangers of allowing big cable companies near-monopoly status. The Time Warner-CBS fight is big news because swaths of New York, LA and other cities have no other options for cable.

Seven Economic Institutions With Firmly Intact Glass Ceilings (ThinkProgress)

Bryce Covert points out just how bad the gender barriers are in finance and economics. If appointed Federal Reserve chair, Janet Yellen would be only the 18th female head of a central bank worldwide.

Why I Don’t Trust Lawrence Summers’ Friends (Slate)

Matt Yglesias suggests that Larry Summers's friends are in the habit of pushing him for jobs for which his resume wouldn't necessarily qualify him. Since it's only the insiders he knows pushing Summers for Fed chair, there's reason to be concerned.

The Pay is Too Damn Low (The New Yorker)

James Surowiecki recognizes that an increase in the minimum wage is necessary, due to inflation and the changing demographics of low-income workers. But a higher minimum wage won't solve the lack of solid middle-class jobs or other economic issues.

SEIU Backs $15 an Hour Minimum Wage (MSNBC)

Essa Yip reports that the SEIU is supporting the call for a $15 wage by fast food strikers. The SEIU president says it isn't about union memberships, since McDonald's employees are unlikely to formally organize, but about the value of work in this country.

The Free-Trade Blues (NYT)

Nancy Folbre sees a disconnect between the president's current focus on economic inequality and his support of increased free trade agreements. When calling for more middle-class jobs, it doesn't make sense to advocate for policy that reduces them.

Millennials are Hopeless, and It’s All Our Fault (Salon)

Robert Hennelly argues that policies of the past few decades have destroyed opportunities for Millennials. With vocational education being slowly dismantled and youth unemployment on the rise, it's hard to see what young people today are supposed to do.

The Three Biggest Lies about Why Corporate Taxes Should Be Lowered (Robert Reich)

Robert Reich dismantles the right-wing arguments in favor of cutting corporate tax rates. When we look past those lies, he makes it clear that we don't need to center upcoming tax reform discussions around the corporate rates.

Originally posted to Daily Kos Economics on Tue Aug 06, 2013 at 07:05 AM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  Free Trade as defined by Financial Elites... (2+ / 0-)
    Recommended by:
    sceptical observer, Gooserock incompatible with Civil Society. Anywhere.

    Full Stop.

    They see no value in a growing Middle Class. They simply want to strip mine everyone - including each other - for what they are "as is." They have no more redeeming value than car thieves and chop shops.

    When you are right you cannot be too radical; when you are wrong, you cannot be too conservative. --Martin Luther King Jr.

    by Egalitare on Tue Aug 06, 2013 at 07:41:23 AM PDT

    •  They're Foreigners Not American Businesses. (0+ / 0-)

      Top finance and business are not American, they're foreign occupiers.

      We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

      by Gooserock on Tue Aug 06, 2013 at 08:31:34 PM PDT

      [ Parent ]

  •  I am EXTREMELY lucky. (1+ / 0-)
    Recommended by:
    Aunt Pat

    I recently graduated with a bachelor's degree that doesn't exactly snag you employment right away, especially not without a lot of experience from internships and whatnot. But through a lot of persistence and a little luck, I'll be starting an occupation that give me PLENTY of relevant on-the-job experience, the sort that'll hopefully lead to over thirty years of fulfilling work. And this is a GOVERNMENT job to boot, in a state with a crimson red legislature!

    The thing is...I am fully aware that I am the exception, not the rule. While a teabagger with my good fortune may think he's/she's all that and tell everyone to go eat cake, I'll be more involved in progressive causes than ever.

  •  Time for a nationwide general strike? (0+ / 0-)

    Like say on Election Day, even if only for an hour? For humane goals like a living wage, the right to unionize, single-payer health insurance, bank re-regulation, an end to corporate 'personhood,' etc. No DC rally-on-the-mall, but local protests in front of the crooked banks, the Walmarts, greedy corporate hq's etc?

    Election day is perfect - both a regular workday and a symbol of our democracy, the one that seems to not so slowly being taken away from us.

    What do you think you friends might say? Why don't you ask them...

    A nationwide election day general strike? Why not?

    by Miscweant on Wed Aug 07, 2013 at 09:47:15 AM PDT

  •  It's worse than this article makes it sound (0+ / 0-)

    In my day, a college degree in all but the most superfluous of majors (sociology, psychology, etc., or any "art" where you don't possess a superior talent) was a ticket to lifetime middle/upper-middle class status.  Now, there are far more "useless" majors in colleges than there are majors where you have any chance at all of really making it in this economy.  Even a law degree, which 30 years ago was an automatic doorway into the upper class, is now nothing more than a $200-300,000 ticket to fight a super competitive rat race for far fewer jobs than there are attorneys.

    I have three more kids to put through college.  I tell them they'd better focus in one of three areas:  medicine/HC, technology, or energy.  Anything else is a crap shoot, at best.

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