Daily Digest – May 14: A Victory for Workers in Vermont

By Rachel Goldfarb |

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Vermont to Set Highest State Minimum Wage in the U.S. (MSNBC)

Ned Resnikoff reports that the Vermont legislature has voted to raise the state’s minimum wage to $10.50 an hour, and the governor is expected to sign the bill soon.

I Like Jane Austen’s Novels, But I Certainly Don’t Want to Live Like That (HuffPo)

Heather Boushey writes that Thomas Piketty’s prognosis for the economy is of particular concern for women, because if success depends on inheritance, gender equity will suffer.

Fannie-Freddie Overseer Easing Loan Buybacks (Bloomberg News)

Melvin L. Watt, head of the Federal Housing Authority, has announced new rules intended to stimulate the housing market by encouraging lending, reports Clea Benson.

SEC Peeks Under Private Equity Rug, Finds ‘Remarkable’ Corruption (LA Times)

Corruption in private equity firms isn’t just a problem for the very rich, says Michael Hiltzik, since pension funds are among private equity’s big clients.

Rebellious Economics Students Have a Point (New Yorker)

John Cassidy writes that the lack of real-world perspective in today’s economics classrooms is a problem. He’s particularly interested in bringing back economic history and organization.

Tim Geithner and the Paradox Behind the Government’s Crisis Response (WaPo)

In his review of the former Treasury Secretary’s new book, Zachary Goldfarb considers the difficult balance between winning over public opinion and saving collapsing systems.

New on Next New Deal

Why Are Courts Allowing Redefinitions of Emergency Contraception?

Roosevelt Institute Fellow Andrea Flynn decries the misinformation about emergency contraception that’s being accepted as fact in court cases over the contraception mandate.