By Rachel Goldfarb, originally published on Next New Deal
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The Shared-Responsibility Mortgage Could Help Bubbleproof the Housing Market (Bloomberg Businessweek)
Peter Coy looks at Atif Mian and Amir Sufi's bold suggestion for a new, safer mortgage structure in House of Debt, which would tie the cost of loan repayment to local housing prices.
It Wasn't Household Debt That Caused the Great Recession (The Atlantic)
Heather Boushey praises House of Debt for bringing in hard data to prove that banks targeting poorer communities for bad mortgages led to the recession, not general household debt.
Cutting Off Emergency Unemployment Benefits Hasn’t Pushed People Back to Work (Five Thirty Eight)
Most unemployed workers who no longer receive benefits are still struggling to find jobs, writes Ben Casselman, and nearly a quarter have dropped out of the labor force entirely.
McDonald's CEO Insists Fast-Food Giant Pays 'Fair Wages' as Protesters Rally (The Guardian)
Dominic Rushe reports on McDonald's chief executive Don Thompson's statement as protests against the company's pay practices continued outside its annual shareholder meeting.
Paul Ryan Now Wants to Solve Poverty with 'Love' and 'Eye to Eye' Contact. Don't Let Him. (The Week)
Elizabeth Stoker argues that Ryan's tough-love strategy of cutting aid programs won't actually help the poor, and that a truly loving approach would maintain government's obligation to all citizens.
A Progressive Alternative to Obamacare (MSNBC)
Geoffrey Cawley reports on Vermont's plan to implement single-payer health care as soon as 2017. This would be a step beyond the Affordable Care Act, though there are logistical hurdles.
Financial Crisis, Over and Already Forgotten (NYT)
Attacks on the Financial Stability Oversight Council demonstrate how quickly Washington has forgotten the source of the Great Recession, says Floyd Norris.
- Roosevelt Take: "An Unfinished Mission," a report from the Roosevelt Institute and Americans for Financial Reform, lays out suggestions for the next phase of fixing the financial sector.