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By Rachel Goldfarb, originally published on Next New Deal

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Staples, Postal Service to End Plan for Mini Post Offices in Stores (WSJ)

Kris Maher, Drew Fitzgerald, and Tom Gara report on the decision to end this pilot program, which the postal workers' union and other labor groups had denounced as privatization.

  • Roosevelt Take: Roosevelt Institute Senior Fellow Richard Kirsch explains how the Postal Service and Staples plan was exacerbating the low-wage economy.

Another Week, Another Settlement (The Economist)

The Economist examines the controversy over Citigroup's $7 billion settlement announced yesterday, which continues the trend of placing blame on companies instead of individuals.

Equal Opportunity Employment Officials Take New Aim at Pregnancy Bias (NYT)

Due to an increase in pregnancy discrimination complaints, the Equal Employment Opportunity Commission has issued new enforcement guidelines, reports Steven Greenhouse.

Restaurant CEOs Make More Money in Half a Day Than Their Employees Make in a Year (MoJo)

Jaeah Lee reports on a new analysis of top restaurant CEO pay, which shows that the CEOs take home an average of 721 times the amount that minimum wage workers are paid.

When You're Poor, Money Is Expensive (The Atlantic)

Derek Thompson explains why accessing money becomes more difficult without bank accounts and credit, and says the financial tech sector could make things easier for the poor.

Labor Organizing Is a Civil Right (Blog of the Century)

The National Labor Relations Act provides only negligible penalties for firing labor organizers, so Imhotep Royster suggests extending Civil Rights Act protections to those organizers.

New on Next New Deal

In Defense of Public Service: Roosevelt Honors Commitment to Common Good

Roosevelt Institute Communications Manager Tim Price reflects on the vindication felt by the life-long public servants honored at last week's Distinguished Public Service Awards.

Originally posted to Daily Kos Economics on Tue Jul 15, 2014 at 05:01 AM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  China: Make College FREE ! (3+ / 0-)
    Recommended by:
    Iron Spider, Naniboujou, bahaba

    Shanghai Daily 7/9/2014

    Student loans have turned into a big business for the US Department of Education, which reportedly made a profit of US$41.3 billion from federal student loans last year. If the agency were a corporation, it would be one of the most profitable in the world.

    At the 1964 minimum wage of US$1.25 an hour, you could earn US$220 in four and a half weeks of full-time work. That means a University of California student 50 years ago could earn enough to pay for a year’s college costs by flipping burgers for a month in the summer.

    Today, even at in-state rates, with tuition and fees averaging US$8,893 for the 2013-2014 school year, it would take seven months of full-time work at the US$7.25 federal minimum wage to make that much.

    Since 1964 a massive public disinvestment from higher education has shifted the costs of college onto students and families. Private interests have filled the void, transforming college finance into a vehicle for financial industry profits. Wall Street has turned our college students into a new cash cow.

    Let’s make college in America what it should be: a free, shared vehicle for building an educated people, not another costly way for special interests to take us for a ride.

    With outstanding student debt now topping US$1.2 trillion, 40 million Americans are facing the consequences of our failing national commitment to higher education. This situation poses a threat to America’s economic vitality and its promise of opportunity.

    The Federal Reserve reports that growing student loan debt is holding borrowers back from buying homes. This is bad news for an economy still trying to get its mojo back since the Great Recession.

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

    by jeffrey789 on Tue Jul 15, 2014 at 10:51:37 AM PDT

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