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By Rachel Goldfarb, originally published on Next New Deal

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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.

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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

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