Skip to main content

Economics Daily Digest by the Roosevelt Institute banner
By Tim Price, originally published on Next New Deal

Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest.

Supreme Court Delivers a Win for Hobby Lobby and a Loss for US Women (The Hill)

The majority ruled that the contraceptive mandate was a burden on religious employers, but ignored the burden of women's health costs, writes Roosevelt Institute Fellow Andrea Flynn.

The Best Way to Fix the Employer Mandate (The Hill)

An additional payroll tax on employers who don't provide health coverage would help low-wage workers and raise revenue, argues Roosevelt Institute Senior Fellow Richard Kirsch.

Why is Washington Still Protecting the Secret Political Power of Corporations? (Guardian)

The Securities and Exchange Commission could require corporations to disclose more of their political contributions, writes Alexis Goldstein, but it has proved reluctant to act.

The $236,500 Hole in the American Dream (New Republic)

The wealth gap between white and black Americans is growing, writes Dean Starkman, and closing it will take a major overhaul of housing policy and other asset-building strategies.

A Grieving Father Pulls a Thread That Unravels Illegal Bank Deals (NYT)

Jessica Silver-Greenberg and Ben Protess retrace the investigation that led to BNP being caught funneling money for Iran and Sudan and ultimately paying a record $8.9 billion penalty.

New on Next New Deal

SCOTUS Ruling Doesn't Gut Unions, But Creates New Challenges for Care Workers

The Supreme Court's decision in Harris v. Quinn will make it harder for home care workers to organize for better pay and jobs, writes Roosevelt Institute Senior Fellow Richard Kirsch.

Money in Politics is a Local Problem, Too

Rethinking Communities Brain Trust member Eugenia Kim writes that large donors have come to dominate even local politics, but communities have the power to resist them.


Originally posted to Daily Kos Economics on Tue Jul 01, 2014 at 05:28 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

  •  Governments are now on the side of Capital (1+ / 0-)
    Recommended by:
    Sunspots

    Due to trade agreements.

    A Global Strategy for Labor | Economic Policy Institute

    "...As a retired U.S. State Department official put it to me bluntly a
    few years ago, “What you don’t understand,” he said, “is that when we
    negotiate economic agreements with these poorer countries, we are
    negotiating with people from the same class. That is, people whose
    interests are like ours — on the side of capital.”

    Thus, the fundamental purpose of neo-liberal polices of the past 20
    years has been to discipline labor in every country in order to free
    capital from having to bargain with workers over the gains from rising
    productivity. Such bargaining is the essence of a democratic market
    system. Although labor is obviously better served when it is organized
    into trade unions to bargain with a unified voice, the bargaining
    between labor and capital goes on even if workers are unorganized.

    As in any bargaining, both sides are constantly maneuvering for
    advantage. But Labor is typically at a disadvantage because it usually
    bargains under conditions of excess supply of unemployed workers.
    Moreover, the forced liberalization of finance and trade provides
    enormous leverage to capital by giving it a threat of fleeing the
    economy altogether — by freeing it from responsibility to the firm, the
    community or the nation.

    Uncontrolled globalization, in one stroke, puts government’s domestic policies decisively on the side of capital...."

    http://www.epi.org/...

    You Don't Happen To Make It. You Make It Happen !

    by jeffrey789 on Tue Jul 01, 2014 at 05:33:25 AM PDT

  •  "wealth gap between white and black Americans" (2+ / 0-)
    Recommended by:
    drmah, Dave925

    The unemployment rate among all black Americans is double that of white Americans.

    For young African Americans, double that again.

    Yet, the Democratic party is pushing hard to bring 12-20 million undocumented workers into legal status competing for jobs.

    Can Dems continue to rely on African Americans to vote for them at the 90% rate they have in the past with those kind of numbers?

    •  Doing the work of the "Cheap Labor" Republicans (1+ / 0-)
      Recommended by:
      JJ In Illinois

      when that was what the Republican Party was all about. Now that they're all about teh crazee, our intrepid Dems have stepped in to fill the void.

      This isn't a question of just Black labor but of all labor being betrayed. When we have a structural unemployment exceeding 5%, dumping another 20 million workers simply gives big bidness yet another excuse to keep wages low.

      "Those who fail to learn from History are doomed to repeat 11th grade"

      by Dave925 on Wed Jul 02, 2014 at 03:22:25 AM PDT

      [ Parent ]

  •  I'm gonna start tipping and reccing each one (2+ / 0-)
    Recommended by:
    CFAmick, Dave925

    of these Roosevelt Institute posts.

    I think the reason they get so little response is because they shed light on all the things the Democrats aren't really doing anything about.

    •  I also wish there was a greater discussion (1+ / 0-)
      Recommended by:
      Dave925

      in these posts. Overall, they highlight that capital and wealth enjoy a much greater structural advantage than almost any one of us can imagine.

      I'm living in America, and in America you're on your own. America's not a country. It's just a business.

      by CFAmick on Tue Jul 01, 2014 at 09:31:05 PM PDT

      [ Parent ]

  •  The employer mandate is dead in all likelihood. (1+ / 0-)
    Recommended by:
    Dave925

    Obama has already completely suspended it for two years for businesses with 50-99 workers.  For larger businesses he has has announced a complete one-year suspension and a partial suspension in year two.   At this point I find it difficult to believe that the business mandate will be enforced by the next president, whether Democratic or Republican.   No sane politician would stick their neck out in that manner, especially not after Obama shirked enforcement for so long.  It's not unlikely that Obama will suspend the mandate for the remainder of his term and it will never be enforced by ANY President.

  •  We had freedom of religion long time ago (0+ / 0-)

    The new need is Freedom From Religion, obviously, or our government will be a can of worms. Vote Dem for President. Get RW SCOTUS out.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site