Skip to main content

Economics Daily Digest by the Roosevelt Institute banner

By Rachel Goldfarb, originally published on Next New Deal

Click here to receive the Daily Digest via email.

How to Tackle the Great American Cable Monopoly (FT)

Roosevelt Institute Fellow Susan Crawford points out that the real issue in the Comcast-Time Warner Cable merger is how much power that monopoly would have over markets like high-speed Internet access and TV programming.

Volkswagen Official Threatens to Block Expansion if Workers Won't Unionize (Chattanooga Times Free Press)

The head of VW's works council complained about anti-union efforts in Chattanooga when he suggested that the company doesn't have to invest further in the South, reports the Times Free Press.

  • Roosevelt Take: Roosevelt Institute Senior Fellow Richard Kirsch explains why the UAW effort in Chattanooga failed despite VW's neutrality.

Even Economists Cited By The CBO Disagree With Its Minimum Wage Report (HuffPo)

The general consensus seems to be that raising the minimum wage will have little effect on employment, reports Jillian Berman, and economists are questioning the CBO's methodology.

Gap to Raise Minimum Hourly Pay (NYT)

The clothing retailer cited the need to invest in staff as it announced that it will raise wages to $9 an hour this year and $10 next year, reports Steven Greenhouse.

Wal-Mart Says ‘Looking’ at Support of Federal Minimum Wage Rise (Bloomberg News)

Renee Dudley writes that Wal-Mart is considering whether an increased minimum wage could mean that shoppers have more money to spend. That’s what proponents have been saying all along.

Republicans' Favorite National-Debt Researchers Are Now Even More Discredited (TNR)

Danny Vinik reports on a new study showing that the trajectory of debt – growing or shrinking – is what affects growth. That makes long-term planning more important than any debt-to-GDP threshold.

  • Roosevelt Take: Roosevelt Institute Fellow Mike Konczal wrote about the data problems discovered in the Reinhart-Rogoff study on debt-to-GDP ratios, which first raised doubts about its conclusions.

New on Next New Deal

Solving California's Water Crisis Requires A Look Beyond This Year

Focusing on reactionary measures and short-term solutions will only lead to even bigger problems, writes Melia Ungson, the Roosevelt Institute | Campus Network's Senior Fellow for Energy and Environment.

Originally posted to Daily Kos Economics on Thu Feb 20, 2014 at 07:27 AM PST.

Also republished by Daily Kos.

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

  •  The workers at the TN Volkswagen plant (1+ / 0-)
    Recommended by:

    should have listened to their company encouraging them to unionize rather than Senator Bob Corker and Governor Bill Haslam, the hypocritical, uninformed idiots who threatened them if they did.  By rejecting the union, they may have just cut their own economic throats.

    "In this world of sin and sorrow there is always something to be thankful for; as for me, I rejoice that I am not a Republican." - H. L. Mencken

    by SueDe on Thu Feb 20, 2014 at 08:41:18 PM PST

  •  The debt to GDP ratio is bogus. (1+ / 0-)
    Recommended by:
    •  Meant to add that (1+ / 0-)
      Recommended by:

      Randall Wray also published a response rejecting the conclusions based on MMT theory long before those data problems were discovered. Deficits and debt only become problems when the economy nears full capacity. Given our unemployed/underemployed totals of well over 20 million, there is no problem. In fact the shrinking deficit is a threat to the recovery. We should be spending more and not seeking any kind of grand bargain.

      Plus. Here's an idea whose time has come. The federal government should fund a program to provide a job for anyone who wants one. Lets start with infrastructure like FDR.

  •  Minimum Wage (1+ / 0-)
    Recommended by:

    Most of the studies cited just look at what business reactions are to a
    wage hike not to what actually happens to the general business
    environment under the new conditions.

    The NYT had a story that covered how small businesses were affected when
    Washington State increased the min wage. They looked specifically at
    businesses on the border with Idaho whose min wage was 50% lower. What
    was expected was a run of businesses across the border to Idaho. The
    actual result was the economic climate picked up so dramatically that
    the state’s major business lobby, the Association of Washington
    Business, changed their position and no longer fought the minimum-wage

    The story can be found at

    You Don't Happen To Make It. You Make It Happen !

    by jeffrey789 on Fri Feb 21, 2014 at 07:33:35 AM PST

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site