By Rachel Goldfarb, originally published on Next New Deal
Click here to receive the Daily Digest via email.
Could a Wall Street Firm be Your Landlord? (Melissa Harris-Perry)
Roosevelt Institute Fellow Dorian Warren points out the possibility that new rental-backed securities from Wall Street could pose a civil rights problem if they capitalize on communities of color.
US Postal Service Inspector General Proposes Launching Low-Fee Public Bank (Real News Network)
Postal banking would aim to help low-income Americans who are currently unbanked, says Roosevelt Institute Fellow Mike Konczal, without the predatory fees they would face at traditional banks.
The Real Story Behind the Detroit Pension Fight and What it Means to America's Future (Alternet)
Lynn Stuart Parramore speaks to Roosevelt Institute Senior Fellow Rob Johnson about the so-called pensions crisis. The key takeaway: cutting pensions is a choice, one that will cause harm for generations.
- Roosevelt Take: Rob explains how big money in politics has negatively effected public pensions.
More on CBO and the Limits of Economic Analysis (On The Economy)
Jared Bernstein responds to a critique from Roosevelt Institute Senior Fellow Jeff Madrick, arguing that what needs to change isn't the Congressional Budget Office's analyses, but our lack of skepticism.
- Roosevelt Take: Jeff says the problem is single-point projections from the CBO, which he would do away with.
Unemployment in February Remains Elevated Across the Board (Working Economics)
Heidi Shierholz compares February's jobs report to pre-recession numbers, and argues that the sustained high unemployment across the board is proof that the jobs crisis comes from a lack of demand.
Why Americans Should Take August Off (The Nation)
Vacationing isn't a sign of laziness, writes Bryce Covert; it boosts spending and productivity, both of which would be great for the U.S. economy.
New on Next New Deal
"Honest work, just reward" is a central conceit in GOP anti-poverty plans, but Nell Abernathy, Program Manager for the Roosevelt Institute's Bernard L. Schwartz Rediscovering Government Initiative, says this ignores the realities of low-income work.