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By Rachel Goldfarb, originally published on Next New Deal

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Vermont to Set Highest State Minimum Wage in the U.S. (MSNBC)

Ned Resnikoff reports that the Vermont legislature has voted to raise the state's minimum wage to $10.50 an hour, and the governor is expected to sign the bill soon.

I Like Jane Austen's Novels, But I Certainly Don't Want to Live Like That (HuffPo)

Heather Boushey writes that Thomas Piketty's prognosis for the economy is of particular concern for women, because if success depends on inheritance, gender equity will suffer.

Fannie-Freddie Overseer Easing Loan Buybacks (Bloomberg News)

Melvin L. Watt, head of the Federal Housing Authority, has announced new rules intended to stimulate the housing market by encouraging lending, reports Clea Benson.

SEC Peeks Under Private Equity Rug, Finds 'Remarkable' Corruption (LA Times)

Corruption in private equity firms isn't just a problem for the very rich, says Michael Hiltzik, since pension funds are among private equity's big clients.

Rebellious Economics Students Have a Point (New Yorker)

John Cassidy writes that the lack of real-world perspective in today's economics classrooms is a problem. He's particularly interested in bringing back economic history and organization.

Tim Geithner and the Paradox Behind the Government’s Crisis Response (WaPo)

In his review of the former Treasury Secretary's new book, Zachary Goldfarb considers the difficult balance between winning over public opinion and saving collapsing systems.

New on Next New Deal

Why Are Courts Allowing Redefinitions of Emergency Contraception?

Roosevelt Institute Fellow Andrea Flynn decries the misinformation about emergency contraception that's being accepted as fact in court cases over the contraception mandate.

Originally posted to Daily Kos Economics on Wed May 14, 2014 at 05:04 AM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  We aren't in Jane Austen's legal world (0+ / 0-)

    1. Married women are now allowed to own property in their own names, whereas in her day all the property was owned either by her husband or her father.
    2. Inheritance without a will now goes equally to all children, whereas in her day it went by law to the oldest son.
    3. Widows now own the property they were left, whereas in her day, they had only a life-time interest in their chamber and bedstead and the milk of one cow, and could not pass anything down to the people they chose to favor. (My grandmother, born in 1899, left her money to her female grandchildren -- she said the men could take care of themselves.)

    The women I know who are looking forward to a reasonably comfortable retirement come from families with wealth, which has been passed down to daughters as well as (or instead of) sons. It actually feels easier to get treated equally in inheritance than in job hiring and compensation.

  •  "A Mangled Case of Justice on Wall Street" (0+ / 0-)

    Bank examiner doing her job was pressured by Goldman Sachs cronies at the New York Fed, then smeared and fired.

    The Dutch kids' chorus Kinderen voor Kinderen wishes all the world's children freedom from hunger, ignorance, and war. ♥ ♥ ♥ Forget Neo — The One is Minori Urakawa

    by lotlizard on Thu May 15, 2014 at 10:13:24 AM PDT

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