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.

America's Workforce Radio (WERE 1490 AM)

Roosevelt Institute Senior Fellow Richard Kirsch joins Ed Ferenc to discuss how organized labor has used its power to ensure a fair deal for the middle class. Richard's segment begins at 15:55.

Republican-Led Filibuster Blocks Minimum Wage Bill in Senate (NYT)

Jeremy W. Peters reports on yesterday's filibuster, which killed the proposed $10.10 minimum wage increase. Republicans claim they're protecting a weak economy, but Democrats say the problem is poverty wages.

Why the Minimum Wage Vote Failed Today (PolicyShop)

Heather McGee ties the minimum wage filibuster to campaign finance. The wealthiest Americans have a very different opinion on the minimum wage than others, and they're who Congress hears from most.

Why Economic Growth Ground to a Halt Last Quarter (Vox)

The harsh winter was probably a cause of the slowest economic growth since the fourth quarter of 2012, says Danielle Kurtzleben, but this early estimate of GDP is still subject to revision.

Fed to Scale Back Bond Purchases by Another $10 Billion (WaPo)

Ylan Q. Mui reports that despite the news about slow economic growth, the Federal Reserve continues to demonstrate confidence in the recovery by tapering its stimulus program.

Paul Ryan Won’t Let Poor People Testify At Hearing About Poverty (ThinkProgress)

Yesterday's hearing wasn't the first time that advocacy groups were turned away from testifying at one of Ryan's hearings, reports Bryce Covert. Experts may study poverty, but they usually aren't experiencing it themselves.

Originally posted to Daily Kos Economics on Thu May 01, 2014 at 05:01 AM PDT.

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

  •  Answer Is in Your Links (2+ / 0-)
    Recommended by:
    marina, Odysseus

    We can't provide the same kind of cash to Congress that the one percent can, absent worker organization in the form of unions.

    "I'll believe that corporations are people when I see Rick Perry execute one."

    by bink on Thu May 01, 2014 at 06:08:52 AM PDT

  •  Ed Ferenc! (0+ / 0-)

    Hi Flash!

    Ed FitzGerald for governor Of Ohio. Women's lives depend on it.

    by anastasia p on Thu May 01, 2014 at 08:05:08 PM PDT

  •  How much Campaign Contributions do Workers Give? (0+ / 0-)

    What percentage vote for personal economic reasons instead of voting for Guns/God?

    People bash Washington a lot but frankly they get the Government they deserve. The US Congress has a turnover lower than the Politburo and the reason is our politicians give what their voters want.

    What to blame somebody? Blame the Workers.

  •  Hey Flash (0+ / 0-)

    Haven't been on your show in a while.

    Money is property, not speech. Overturn Citizens United.

    by Betty Pinson on Thu May 01, 2014 at 08:34:18 PM PDT

  •  Bernie Sanders had the answer tonight (0+ / 0-)

    on why republican politicians continue to vote against workers, the poor, wage hikes. As the good senator said tonight it is because the GOP knows these people will not vote this year thus they take the Kochs money and do what the oligarchs want. Bernie points out less than 40% of dems are expected to vote in November,  so the republicans face no consequences of voting against the majorities will and siding with the 1%. Thank you Senator.

    If we lie to the government, it's a felony...but if they lie to us it's politics.

    by rmb on Thu May 01, 2014 at 09:18:46 PM PDT

  •  Because empathy requires rubbing shoulders (0+ / 0-)

    The Atlantic had an article about studies showing that rich people are less generous, by percentage of their income they give to charity, than the poor are.  However, the same studies mentioned that their record improves, if they spend more time encountering poor people.

    Who do our predominantly wealthy rulers consort with? Not so much poor people, I think. So empathy, schmempathy--I've got ad buys to think about. Paul Ryan's bumbled soup-kitchen photo-op almost seems a too-rare attempt at baby-kissing the poor, when seen in that light.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site