Skip to main content

Economics Daily Digest by the Roosevelt Institute banner

By Rachel Goldfarb, originally published on Next New Deal

Click here to subscribe to Roosevelt First, our Monday through Friday morning email featuring the Daily Digest.

Obama Making Bold Move on ENDA Protections (MSNBC)

Steve Benen says the President's executive order protecting LBGT federal contractors could be an attempt to push Congress to act on broader anti-discrimination legislation.

The Fed’s Unemployment Conundrum (WaPo)

Ylan Q. Mui notes that the Federal Reserve's decision to tie its stimulus program to unemployment is problematic because unemployment is falling faster than the economy is growing.

In San Jose, Higher Minimum Wage Pays Benefits (USA Today)

For minimum-wage workers in San Jose, the increase from $8 to $10 per hour meant small but meaningful changes, like being able to afford dental care, writes Paul Davidson.

After Piketty, the Ownership Revolution (AJAM)

Gar Alperovitz suggests that experimenting with broad, democratized ownership of capital could help counter the trend toward inequality highlighted by Thomas Piketty's Capital.

You Can Blame Student Debt for America's Inequality and Shrinking Middle Class (HuffPo)

Sean McElwee argues that while a college education may be a gateway to the middle class, high student debt holds back low- and middle-income students.

Three Fed Governors Sworn in Just in Time for Meeting (WSJ)

Pedro Da Costa reports on the swearing in of the newest members of the Federal Reserve Board, which is expected to continue to scale back the Fed's bond-buying program this week.

Miami Sues JPMorgan Alleging Mortgage Discrimination (Reuters)

The city's suit against JPMorgan claims that the bank not only issued higher-cost loans to minorities but also discriminated when determining refinancing terms, reports Dena Aubin.


Originally posted to Daily Kos Economics on Tue Jun 17, 2014 at 05:09 AM PDT.

Also republished by Daily Kos.

EMAIL TO A FRIEND X
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

  •  Robert Reich asks: is it "Revolution" then? (0+ / 0-)

    Yes, Peacenik Robert Reich is wondering if Inequality is going to end in Revolution. I've been wondering about that myself lately.

    Now that the stock market has hit record levels, the richest one-tenth of 1 percent is buying so much that the Lamborghini Aventador Roadster (at $1.2 million) and the new $1.4 million Ferrari LaFerrari are both sold out; $100 million condos are selling like hotcakes (the one at the top of the Woolworth building is yours for $110 million); the Gruebel Forsey GF05 watch ($549,000) is in short supply; and Tiffany & Co. is having one of its best years yet. A few days ago, on “CBS This Morning,” Lloyd Blankfein, CEO of Goldman Sachs, warned that income inequality has become so extreme as to become “destablilizing” and "responsible for the divisions in the country.” He went on to say that "too much of the GDP over the last generation has gone to too few of the people.” All of which suggests this question: At what point does conspicuous consumption by the ultra-wealthy invite a revolution?


    No longer Hoping for Change. Now Praying for a Miracle.

    by CitizenOfEarth on Wed Jun 18, 2014 at 05:18:37 AM PDT

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site