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By Rachel Goldfarb, originally published on Next New Deal

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Washington Has Not Defeated Wall Street. Yet. (TNR)

Roosevelt Institute Fellow Mike Konczal writes that for all that Dodd-Frank accomplished, financial reform isn't done yet. He lays out four areas in particular where this fight is ongoing, and the solutions aren't quite clear: enforcement, Too Big to Fail, the mortgage market, and shadow banking.

The Populist Imperative (NYT)

Paul Krugman writes in favor of a focus on inequality in the State of the Union next week, because that rhetoric connects voters to macroeconomic issues. He argues that while some people may want more explicit discussion of jobs, the issues are interconnected.

Most Republicans Think Poverty Caused by Laziness, New Poll Finds (MSNBC)

Morgan Whitaker reports on the results of a new Pew poll on poverty. The poll shows that Americans recognize the growth of economic inequality in recent years, but a majority of Republicans think that if poor people put in more effort, they wouldn't be poor.

When Companies Break the Law and People Pay: The Scary Lesson of the Google Bus (Salon)

Julia Carrie Wong uses the Google Bus in San Francisco as a prime example of the ways that large corporations are allowed to flout laws that carry harsh penalties for individuals. The fine for blocking a bus stop is $271, but Google gets to pay San Francisco just $1 per stop used.

Big Money Doesn't Just Corrupt Politics. It Also Corrupts People (PolicyShop)

David Callahan argues that when public servants with relatively low government salaries spend so much of their time with wealthy lobbyists, corruption isn't so surprising. He suggests limiting lobbyists' access as one solution, but also calls for higher salaries for government officials.

WSJ Can't Figure Out Why Hiring Lags When Factories Are Not Humming (Beat the Press)

Dean Baker calls out the Wall Street Journal for a recent piece that questions why manufacturing isn't hiring when the industry is doing better. Data shows that factories are still functioning far below their capacity in the U.S., so Baker wonders why the Journal is asking that question.

Guatemala Factory Supplying Walmart and Other US Retailers Stole $6 Million From Workers (The Nation)

Steven Hsieh reports on the results of an Institute for Global Labor and Human Rights investigation into the wage theft at an Alianza Fashion factory in Guatemala. When retailers were asked about the wage theft, some blamed the middle men in the manufacturing chain.

Originally posted to Daily Kos Economics on Fri Jan 24, 2014 at 07:34 AM PST.

Also republished by Daily Kos.

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Comment Preferences

  •  I don't live in downtown SF but it seems to me (1+ / 0-)
    Recommended by:

    that Google, Facebook, and other Silicon Valley companies who provide shuttle service to and from SF take thousands of cars off the freeways and is a practice that should be lauded. If the Google buses can legally use the Muni bus stops, and don't impede the city buses, who cares if it costs $1 or nothing? It's the right thing to do.

    "let's talk about that"

    by VClib on Fri Jan 24, 2014 at 08:05:29 AM PST

    •  I observe a similar dynamic in Ann Arbor (1+ / 0-)
      Recommended by:

      In theory, the "Google" bus would arrive at public stops at times other than the Public transit schedule. In practice, people and events tend to cluster around very similar demand periods.

      I see this in Ann Arbor with the dedicated University of Michigan Main Campus and Medical Systems shuttles which share a number of common stops with the Municipal Transit system: Muni transit buses consistently defer to UofM buses in a stop conflict. Add to that University "community members" - faculty, students and most staff - pay no out of pocket fare when they use the Municipal Transit vehicles (authorized UofM ID is flashed, the Transit driver enters a code on fare box, University pays a negotiated fee periodically to the Transit system), but no non-UofM-community member can use a University Transit vehicle going from the exact same point A to point B and it resonates a lot like what Jim Crow segregated facilities must have to the marginalized population in my native Virginia.

      I'm certain there is very similar protocol in most "university towns" of certain sizes. The spreadsheets probably work out just fine. The societal implications are probably corrosive.

      Change does not roll in on the wheels of inevitability, but comes through continuous struggle. --Martin Luther King Jr.

      by Egalitare on Fri Jan 24, 2014 at 12:07:28 PM PST

      [ Parent ]

      •  I think the difference is that there are no public (1+ / 0-)
        Recommended by:

        buses from SF to Mountain View (about 40 miles). I acknowledge that the buses are picking up and dropping off around rush hour, but it does keep thousands of cars off the freeway.

        "let's talk about that"

        by VClib on Fri Jan 24, 2014 at 01:54:55 PM PST

        [ Parent ]

        •  Doesn't Caltrain still run up and down the (0+ / 0-)

          Peninsula? It has been so long (40 years) since we lived there,m but many of my coworkers rode the train from places like Mountain View to SF.

          •  Yes, Caltrain does still run from SF to Mtn View (1+ / 0-)
            Recommended by:

            The issue is the time and effort to get from where you live to the train station. So there is a convenience issue and Google wants to make it as easy as possible for employees to not drive their cars to work. Google runs shuttles to and from the station in Mtn View for people who ride the train.

            "let's talk about that"

            by VClib on Sat Jan 25, 2014 at 07:05:29 AM PST

            [ Parent ]

      •  University transit is paid for by the University (0+ / 0-)

        but it'd be nice if you could pay a fee and grab the bus.

        In DC the Georgetown bus runs from Dupont metro to Campus to Rosslyn.  

        You can usually hop it if you have a hospital visit due.

    •  a minor fee for the stop maintenance (0+ / 0-)

      is reasonable and as you point out, it is
      dropping traffic.

      I just wish they'd allow non-employees to
      pay a few bucks and grab a ride.

      Sure would enhance the ransit options.

    •  Another thing to consider (0+ / 0-)

      If the buses couldn't use the bus stops, would they really stop operating or would they just pick up passengers somewhere else.   Somewhere not designed to pick up bus passengers.  Aren't you allowed to stop pretty much anywhere not explicitly labelled otherwise?  Is that really desirable from a city planning and public safety standpoint?

  •  there is value in private busses using the stops (0+ / 0-)

    if the busses get cars off the street, isn't it trading
    use of one public good (Streets) for another (Bus stops).

    I'd just like if the busses would pick up anybody who will
    pay the fee.

    It could really enhance transport, even if it's direct
    to the "Googleplex" it could be useful.

    The Pentagon has a bunch of private shuttles and
    it really sucks to have to work your way around
    when you are headed to the pentagon for business.

  •  wall street rules (0+ / 0-)

    It is amazing to view Americans that think they can take on wall street. aint going to happen. they have way too much power in wash. demo's and repubs bow down to them daily.

    Americans live on borrowed money and printed money. soon Vietnam  money.

    China took their cue from japan; loan Americans hundreds of billions for their military might than you can control them.

  •  Not one comment so far that gets the gist of the (0+ / 0-)

    article.  And we're the left?

    Google and its ilk have always known that they could break the law right up until the day they were invited to make new laws.
    If Google-workers, etc, were not subsidized, how many would choose to live closer to work, and drive up prices there, rather than in SF?  Are giant, elite Tech companies really that different from giant, elite Wall St companies?  Do they not grossly overcharge for their products as well?  

    These busses are subsidized by you and me, paying 4 times as much as they're worth for a shiny device.  If you doubt this look at the cash reserves of Apple, Google, etc.

  •  Fox Lies (0+ / 0-)

    When Companies Break the Law and People Pay:

    We must change this… :mrgreen:

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