Skip to main content

Economics Daily Digest by the Roosevelt Institute banner

By Rachel Goldfarb, originally published on Next New Deal

Click here to receive the Daily Digest via email.

A Promise Cuomo Can Keep (Albany Times Union)

Roosevelt Institute Senior Fellow Jonathan Soros and Frederick A.O. Schwartz call on New York's Governor Cuomo to avoid compromise on public campaign financing where concessions just extend a corrupt status quo.

The Tea Party and Wall Street Might Not Be Best Friends Forever, But They Are for Now (TNR)

Tea Party Republicans in Congress insist that the financial crisis was all government's fault, says Roosevelt Institute Fellow Mike Konczal. That narrative, and the corresponding legislative agenda, couldn't make Wall Street happier.

Why Charity Can’t Replace the Safety Net (Slate)

Jordan Weissmann praises Mike Konczal's recent piece in Democracy Journal, emphasizing that charity can't replace government aid during recessions. Charitable donations drop just when need rises.

All Economics Is Local (NYT)

Raising the local minimum wage is an effective step towards reducing inequality, say Michael Reich and Ken Jacobs. Moreover, their research shows that low-income industries can absorb the increase and benefit from greater employee retention. 

Payday Lending: The Loans with 350% Interest and a Grip on America (The Guardian)

David Dayen explains the vast regulatory conundrum of these predatory loans. He lays out how state and national regulators, Congress, and the Justice Department are working side-by-side, but often a step behind lenders.

The End of Jobs? (In These Times)

Sarah Jaffe argues that under our current system, the shrinking of secure full-time work increases inequality. Instead, we could restructure our economy to push for a universal basic income and shorter working hours.

New on Next New Deal

Memo to Congress: Family Planning Needs More Funding

In her remarks at a Congressional briefing last week, Roosevelt Institute Fellow Andrea Flynn explains why publicly funded family planning needs to expand as the Affordable Care Act is implemented. 


Originally posted to Daily Kos Economics on Mon Mar 24, 2014 at 05:10 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

  •  The Roberts Court in Arizona Free Enterprise Club, (1+ / 0-)
    Recommended by:
    Betty Pinson

    established the rule of separate but unequal, public funding not to match private funding. New York would have to defy the Court to protect its system, which would be a positive development. The states have powers over elections which the Court trampled on with regards to Montana in American Tradition Partnership. Even better, proponents of corruption reform in New York should abolish private funding and declare Citizens United nullified.

  •  I'm not sure that most people are clear about (4+ / 0-)
    Recommended by:
    Odysseus, psyched, Egalitare, jbsoul

    what corruption is.
    In this case, it seems useful to go back to the Bible, where it is clearly asserted that a man cannot serve two masters. So, in effect, corruption arises from the vow to serve one and then actually serving another, whether for pay or some other consideration. That's why compromise doesn't work. It really is an either/or situation. Which makes it curious that our binary friends don't seem to understand it.

    Anyway, in practical terms, we pay public officials to serve the public interest. When they then sell themselves out to private or special interests, they're corrupt.
    On the other hand, the essence of the corruption is not in the acceptance of a secondary payment; rather, it lies in the violation of the vow.

    So, for example, a prosecutor who acts to enhance his own reputation, rather than serve the interest of justice is corrupt, even though no additional payment is involved. He's sold out to his own ego. Which is something Chris Christie the federal prosecutor might well have been accused of.

    People enhancing their own reputations at the expense of justice are corrupt. Making self-dealing legal merely provides evidence that the law can also be corrupt--as it was when slavery was legal.

    http://hannah.smith-family.com

    by hannah on Mon Mar 24, 2014 at 06:35:43 AM PDT

  •  The End Of Jobs (1+ / 0-)
    Recommended by:
    GleninCA

    How Corruption Is Strangling U.S. Innovation

    Money in politics,

    http://blogs.hbr.org/...

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

    by jeffrey789 on Mon Mar 24, 2014 at 08:43:15 PM PDT

  •  For some reason I just can't get past it... (0+ / 0-)

    Co-author on the NY finance reform proposal is FAO Schwarz [SIC - diarist misspelled it], apparently great-grandson and namesake of the toy company founder.

    Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves. - William Pitt

    by Phoenix Rising on Mon Mar 24, 2014 at 11:59:44 PM PDT

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site