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By Rachel Goldfarb, originally published on Next New Deal

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Yellen, if Confirmed, Faces Daunting Task (AJAM)

Roosevelt Institute Fellow Mike Konczal considers the challenges facing Janet Yellen. We'll know that she's a success if she can balance the duel mandate of employment and inflation and work towards a better economy for Americans who haven't seen much recovery yet.

Janet Yellen: who is the woman set to lead Federal Reserve? (The Week)

In its profile of Janet Yellen, The Week quotes Roosevelt Institute Senior Fellow and Director of the Bernard L. Schwartz Rediscovering Government Initiative Jeff Madrick, who points out the value of Yellen's focus on employment.

Twilight of the Economics Elites (Foreign Policy)

Daniel W. Drezner questions why Republicans are so insistent on ignoring the advice of economists. One reason, that the right has their own experts, pulls from Roosevelt Institute Fellow Mike Konczal's piece on right-wing economists' opinions on the debt ceiling.

If Congress Only Reopens the Government Piece by Piece, it Could Take Until Next Spring (WaPo)

Brad Plumer points out another reason to avoid piecemeal funding bills: if the government is funded on a service-by-service basis, it will take more than 100 working days to finish. Whoever relies on that last service would have a long wait.

The 8 Most Plausible Ways a Debt-Ceiling Catastrophe Could Be Averted (NY Mag)

Dan Amira and Jonathan Chait rank the possible solutions to avoiding a default on October 17. They also include a prediction of the Senator Ted Cruz reaction to any given solution, ranging from "anger" to "epic, 47-hour speech on Senate floor."

Janet Yellen: The Most Powerful Woman in US History (Quartz)

Matt Phillips argues that the Federal Reserve Chair has more power then the Secretary of State, or the Speaker of the House. No one approves the Fed Chair's decisions, and major coalition building would be required to curtail the Fed's powers.

McCutcheon, the Next Victory for the 1 Percent (TAP)

Scott Lemieux is concerned after oral arguments for McCutcheon vs. FEC. He thinks that it's likely that the Supreme Court will strike down aggregate campaign contribution limits, and that doesn't seem good for American democracy.

Unpaid Intern Is Ruled Not an ‘Employee,’ Not Protected From Sexual Harassment (Bloomberg Businessweek)

Venessa Wong reports on a U.S. District Court decision that determined that unpaid interns are not protected by the New York City Human Rights Law. Sexual harassment charges require being an employee, and being paid in "experience" isn't enough.


Originally posted to Daily Kos Economics on Thu Oct 10, 2013 at 08:14 AM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  From the sexual harassment article's comments... (1+ / 0-)
    Recommended by:
    So a principle of capitalism is once you climb the ladder set it on fire so no one can follow?

    (-8.88; -9.23) * "Power attracts the corruptible. Suspect all who seek it." - Frank Herbert

    by Selphinea on Thu Oct 10, 2013 at 08:24:20 PM PDT

  •  why (1+ / 0-)
    Recommended by:

    Have you ever had a well paying, prestigious job and a stupid boss?  Most people go along with the idiot who signs the check--and that explains Republicans.  I don't think they're stupid, I do think they are ordinary whores.

    Under capitalism, man exploits man. Under communism, it's just the opposite. John Kenneth Galbraith .

    by melvynny on Thu Oct 10, 2013 at 08:32:14 PM PDT

  •  Note: the Fed Chair doesn't make decisions (0+ / 0-)

    The Federal reserve board votes on Fed policy.  The "Fed Chair" doesn't get to make decisions all by him/her self.

  •  Craziness of the GOP (0+ / 0-)

    They agree to terms that would make all parties involved avoid the sequester - them embrace sequester spending (proposing it for the shutdown amount), now saying that default isn't so bad, in fact it is GOOD! Sick, sick, sick, and WE the people need to get to the streets before they bring us all down!

    "Tyranny, like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph." (T. Paine)

    by dmmteacher on Thu Oct 10, 2013 at 10:56:33 PM PDT

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