By Rachel Goldfarb, originally published on Next New Deal
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The Recession’s Effect on Job Churn (St. Louis Fed)
David Wiczer cites Roosevelt Institute Fellow Mike Konczal's writing on the decline of job-to-job transitions and agrees that workers staying put highlights a weakness in the job market.
- Roosevelt Take: Mike argues that the struggles employed people face in finding work can tell us as much about the economy as the struggles of the unemployed.
Eric Holder, Michelle Obama talk about racism (The Last Word with Lawrence O'Donnell)
Roosevelt Institute Fellow Dorian Warren says Holder and Obama's speeches on the 60th anniversary of Brown v. Board show the need for both policy and social change to fight racism.
Americans Owe $1.2 Trillion in Student Loans, Surpassing Credit Card and Auto Loan Debt Totals (NY Daily News)
As Senate Democrats prepare a bill that will allow student loans to be refinanced, Dan Friedman speaks to young people who feel their debt prevents their next steps forward.
- Roosevelt Take: The Roosevelt Institute | Campus Network report "A New Deal for Students" lays out student-crafted policy proposals for solving the student debt crisis.
Thomas Piketty and the End of Our Peaceful Coexistence With Inequality (The Atlantic)
Moisés Naím looks at the rise of the "Piketty effect," which describes how the discussion of inequality and wealth spreads beyond academics into people's daily lives.
Here's The Painful Truth About What It Means To Be 'Working Poor' In America (HuffPo)
Nick Wing and Carly Schwartz introduce a new Huffington Post series on the working poor with quotes from many such workers that lay out the harsh realities they face.
Mortgage, Home-Equity Woes Linger (WSJ)
Underwater mortgages are still holding back the housing market, writes Conor Dougherty. When homeowners can't leave, inexpensive houses don't enter the market.
Credit Suisse Pleads Guilty in Felony Case (NYT)
Ben Protess and Jessica Silver-Greenberg report that this is the first time in two decades that a bank has pled guilty on criminal charges, in this case conspiring to aid tax evasion.