Lenore Palladino, Roosevelt Senior Economist and Policy Counsel Question: What would you do about the runaway influence of shareholder power in the economy? Why It Matters: Most Americans are increasingly powerless in today’s economy and our democracy, especially workers. A decades-long shift in corporate governance has created an environment in which the interests of shareholders
Committed to preserving and advancing the legacy of Franklin and Eleanor Roosevelt, the Roosevelt Institute supports and promotes the Roosevelts’ inspiring message of hope, resilience, and visionary change. From FDR’s New Deal—which included the Social Security Act that created unemployment and disability insurance and ensured a baseline of retirement security for Americans—to Eleanor Roosevelt’s pioneering
Trump has one big advantage heading into 2020. Here’s a progressive response to it. The Washington Post April 10, 2019 A New Road Map for Progressive Democrats The New Yorker April 11, 2019 The Plan to Save Our Economy The Nation April 15, 2019 A progressive one-two punch to fix the U.S. economy The Washington
Americans are increasingly aware that corporations aren’t working the way they should. Roosevelt Senior Economist Lenore Palladino explains: “Today’s corporations have retained their privileges and lost their public purpose. Corporate power should not [surpass] people power.” In a truly competitive economy, rules incentivize corporate behavior that promotes shared prosperity, including investments in better products, higher
New Rules for the 21st Century: Corporate Power, Public Power, and the Future of the American Economy
Voters across the political spectrum are calling for an explanation of why the American economy and our democracy are working for so few. On April 10, join Roosevelt Institute and friends for an invite-only discussion. The Roosevelt Institute will share bold new work that answers key questions in today’s public debates and offers an economic
The Roosevelt Institute believes that restoring our democracy goes hand in hand with reforming our economy. Currently, the wealthy and well-connected are able to buy influence over the policymaking process—stacking the deck against the rest of us. As a result, corruption in government stands in the way of addressing nearly every issue on the progressive
FOR IMMEDIATE RELEASE: January 30, 2019 CONTACT: Ariela Weinberger, (610) 716-2978, firstname.lastname@example.org Roosevelt Institute Releases Statement re: Steinbaum’s Twitter Account Vitriol on Twitter is not new. The last few weeks, however, have been especially contentious for those of us debating new policy proposals to tax the super-wealthy, since we have been subjected to aggressive
Join us for an insider’s view of how Congress can conduct effective oversight investigations. The Roosevelt Institute and Demos are pleased to welcome Elise Bean, a 30-year Senate investigator and author of Financial Exposure: Carl Levin’s Senate Investigations into Finance and Tax Abuse, to take us behind the scenes on the oversight challenges facing the new
FOR IMMEDIATE RELEASE: December 13, 2018 CONTACT: Mariam Ahmed, (202) 800-8688, email@example.com STATEMENT: Roosevelt Institute Experts Respond to Companion Bill to Strengthen Workers’ Voices Today, Rep. Ben Ray Luján (D-NM) introduced the Accountable Capitalism Act in the U.S. House of Representatives, a companion to legislation introduced in the Senate by Sen. Elizabeth Warren
For most Americans, the most controversial—and famous—summit meeting of the Second World War remains the Yalta Conference, where, in the minds of many conservative critics, Winston Churchill and Franklin Roosevelt essentially handed over control of Poland and much of Eastern Europe to the Soviet Union. What is often overlooked, however, is that most of the
FOR IMMEDIATE RELEASE: November 16, 2018 CONTACT: Mariam Ahmed, (202) 800-8688, firstname.lastname@example.org STATEMENT: Roosevelt Fellow Responds to Sweeping Ethics Bill’s Move to the House Today, Rep. Pramila Jayapal (D-WA) introduced companion legislation for the Anti-Corruption and Public Integrity Act, which was introduced in the Senate by Sen. Elizabeth Warren (D-MA) earlier this year.
FOR IMMEDIATE RELEASE: November 13, 2018 CONTACT: Mariam Ahmed, (202) 800-8688, email@example.com NEW ROOSEVELT REPORT OFFERS BOLD REFORMS TO RESTORE CONFIDENCE IN THE SUPREME COURT White paper evaluates proposals to ensure the Court serves the collective public interest NEW YORK, NY – Following the controversial appointment of Supreme Court Justice Brett Kavanaugh and
We invite you to join George Washington’s Institute of Public Policy (“GWIPP”) and the Roosevelt Institute on November 13, 2018, to hear a range of experts explore the declining state of competition in high-tech industries such as social media, Internet search, and e-commerce, and propose ways to restore it. Amid concerns about the effects of corporate influence on much of
FOR IMMEDIATE RELEASE: October 22, 2018 CONTACT: Mariam Ahmed, firstname.lastname@example.org New York, NY—Today, the Federal Trade Commission (FTC) approved the $80 billion merger of Praxair and Linde AG, the world’s second- and third-largest industrial gas suppliers. FTC Commissioner Rohit Chopra dissented from the decision to approve the merger with conditions, noting that it would stifle
FOR IMMEDIATE RELEASE: October 22, 2018 CONTACT: Lauren Strayer, email@example.com (202) 420-7928 Jack D’Amato, firstname.lastname@example.org (404) 995-4500 New Report: Most Americans Skeptical that New Tax Cuts Will Help Them Study also finds that the public at large, including Republican voters, favor tax cuts for the middle class and poor rather than corporations. Washington,
FOR IMMEDIATE RELEASE: October 16, 2018 CONTACT: Mariam Ahmed, email@example.com NEW ROOSEVELT PAPER EXPOSES FLAWS IN CONVENTIONAL UNDERSTANDING OF STUDENT DEBT Higher education, labor experts show student debt drives systemic economic insecurity NEW YORK, NY – With total student debt in the U.S. reaching a record high of over $1.5 trillion, the Roosevelt
The Call to Replace Shareholder Primacy: Reshaping Corporate Law to Promote Workers’ Interests, A Better Economy
FOR IMMEDIATE RELEASE: October 4, 2018 CONTACT: Mariam Ahmed, firstname.lastname@example.org THE CALL TO REPLACE SHAREHOLDER PRIMACY: RESHAPING CORPORATE LAW TO PROMOTE WORKERS’ INTERESTS, A BETTER ECONOMY Roosevelt Institute brief calls for decentering shareholders in corporate decision-making NEW YORK, NY – The Roosevelt Institute today released a new issue brief, Towards ‘Accountable Capitalism’: Remaking Corporate
Unpacking the ‘Future of Work’: Roosevelt Institute Panel, New Report Highlights Challenges for 21st Century Workers
FOR IMMEDIATE RELEASE: October 3, 2018 CONTACT: Mariam Ahmed, email@example.com UNPACKING THE “FUTURE OF WORK”: ROOSEVELT INSTITUTE PANEL, NEW REPORT HIGHLIGHT CHALLENGES FOR 21ST CENTURY WORKERS New report and speakers from Roosevelt Institute, Economic Security Project, National Women’s Law Center, and Restaurant Opportunities Centers United explore workers’ economic insecurity WASHINGTON, DC – Amid
FOR IMMEDIATE RELEASE: October 1, 2018 Contact Mariam Ahmed, firstname.lastname@example.org ROOSEVELT INSTITUTE ANNOUNCES KATIE KIRCHNER AS NEW NETWORK DIRECTOR Kirchner to Lead Progressive Network of Over 10,000 Students NEW YORK, NY — This week, the Roosevelt Institute announced Katie Kirchner as the new director of the Roosevelt Network, which includes student organizations
Economic insecurity is a persistent reality for millions of Americans. The promise of steady, secure employment—and the fundamental relationship between employers and employees—has been eroding for decades. Wages have been stagnant since the 1970s, and the rise of contingent labor means that workers can no longer depend on employers for crucial benefits, such as health
MEDIA ADVISORY: September 26, 2018 CONTACT: Mariam Ahmed, email@example.com STATEMENT: Roosevelt Research Director Responds to New Leadership at FTC, Elevates Revolving Door Following the hiring of Uber’s Global Chief Competition Counsel Gail Levine to the role of deputy director of the Federal Trade Commission’s (FTC) Bureau of Competition, Marshall Steinbaum, Research Director and
FOR IMMEDIATE RELEASE: September 25, 2018 CONTACT: Mariam Ahmed, firstname.lastname@example.org NEW REPORTS: REVIVING ANTITRUST FOR THE 21ST CENTURY ECONOMY Roosevelt Institute and Great Democracy Initiative Release Legislative Blueprint for Combating the Second Gilded Age NEW YORK, NY – As concentrated corporate power threatens jobs and wages and worsens inequality, the Roosevelt Institute and
FOR IMMEDIATE RELEASE: September 17, 2018 CONTACT: Mariam Ahmed, email@example.com NEW REPORT: SEVEN STRATEGIES TO REBUILD WORKER POWER FOR THE 21ST CENTURY GLOBAL ECONOMY Leading Progressive Think Tank Debuts a New, Worker-Focused View of Globalization NEW YORK, NY – In a new report, the Roosevelt Institute argues for international cooperation on new policies
FOR IMMEDIATE RELEASE: August 14, 2018 CONTACT: Mariam Ahmed, firstname.lastname@example.org NEW REPORT: U.S. ECONOMY NEEDS A PUBLIC OPTION FOR FINANCE Leading Progressive Think Tank Argues a Public Banking Option Necessary to Meet the Needs of Households and Communities, Improve Entire Sector NEW YORK, NY – In a new report, the Roosevelt Institute calls
FOR IMMEDIATE RELEASE: August 9, 2018 CONTACT: Mariam Ahmed, email@example.com NEW REPORT: U.S. LABOR LAW MUST BE OVERHAULED AND EXPANDED TO EMPOWER WORKING PEOPLE Latest Research From Leading Progressive Think Tank Comes Amid Growing Public Concern with Inequality, Wage Stagnation NEW YORK, NY – In a new report, the Roosevelt Institute outlines why
The Franklin D. Roosevelt Distinguished Public Service Awards honor individuals whose careers exemplify President Roosevelt’s extraordinary dedication to public service and who seek to inspire a renewed national commitment to the principles for which FDR stood. Change can take a lifetime, and these men and women have dedicated their lives to the public good, never
During last night’s State of the Union address, President Trump heralded a set of economic indicators—including the unemployment rate—to suggest that his policies are resulting in an improving economic landscape for working Americans. Unfortunately, the narrative Trump wove obscures the reality of our current economy for most Americans: jobs remain unstable and unavailable for many,
The idea that higher education is an essential pathway to economic security, regardless of how much it costs, has been cemented into the public’s mind. We’ve been told that people need more education and that investment in higher education will pay off. Every day, individuals and families make decisions based on these beliefs. But the
The Roosevelt Institute believes that restoring our democracy goes hand in hand with reforming our economy. Currently, the wealthy and well-connected are able to buy influence over the policymaking process—stacking the deck against the rest of us. As a result, corruption in government stands in the way of addressing nearly every issue on the progressive
Workers today are increasingly powerless. A decades-long attack on unionization has eroded workers’ agency over their own economic lives. At the same time, employers have expanded their influence in the labor market, gaining the discretion to set wages and working conditions on their own terms without fear that workers could check their power by finding
Roosevelt Institute Program Manager Eric Harris Bernstein was featured on the November 20th episode of Reality Check on WURD Radio, hosted by Charles Ellison. Listen to the segment on the Tax Cuts and Jobs Act, where they discuss details about the bill, its impact on higher education, and how it would hurt middle and working
In 2017, Roosevelt built the Re: Public Project to fight for accessible, equitable, and transparent public goods by strengthening our public institutions and fighting the trend of privatization. Now, we’re looking to connect our policy writing efforts, through 10 Ideas, with this bold vision. That’s why we’re launching Policy Challenges to push Roosevelters across the country to
On Tuesday, October 10, the Roosevelt Institute hosted the 2017 Franklin D. Roosevelt Four Freedoms Awards at the remarkable St. James Church in New York City. The Four Freedoms Awards recognize the contributions of civil society leaders who embody the vision for a better world that President Franklin Roosevelt articulated in his 1941 “Four Freedoms” address.
The Hidden Rules of Race shines an objective light on the discriminatory systems and structures that perpetuate disparities between black and white Americans. The authors’ call for a comprehensive reorientation of our perspective on economic and racial inequality is bold, timely, and deeply necessary for those of us who wish to build a more inclusive
The Least Among Us: The Importance of the Social Safety Net The current administration has questioned the necessity of food stamps, Medicare, and workplace protections for working people across the country. Many conservatives insist these programs make poverty and inequality worse. Do these social programs help us or hinder us? Do they fulfill this country’s
Originally published at Equitable Growth. “Equitable Growth in Conversation” is a recurring series where we talk with economists and other social scientists to help us better understand whether and how economic inequality affects economic growth and stability. In this installment, Equitable Growth’s Executive Director and Chief Economist Heather Boushey talks to Brad DeLong of the
What do the increase in for-profit colleges and private prisons have in common? Unchecked corporate power in our public institutions. Lack of public control over the provision of public goods demands action now.To combat this trend and promote the public good, we’ve launched the Re:Public Project. For more information, visit our project page.
Vast public resources have been transferred from public control to private hands without an increase in public oversight. This process is known as privatization. This lack of democratic control makes it harder to hold private companies accountable and transparent. A mainstay in our politics since post war II and now embedded in our highest political
Dear partners, students, and alumni, Thank you for helping us spread the word about the Roosevelt Institute Network Re:Public Project. Please use the hashtag #WhoseRules when sharing with your community. More information on the Re:Public Project available here: https://rooseveltinstitute.org/republicproject/ Sample Facebook and Twitter posts Politicians are giving power of public goods to private hands. We
The Roosevelt Institute and Democracy Corps conducted focus groups in Macomb County, Michigan to better understand voters who previously supported President Obama and cast their ballot for President Trump last year. This continues Roosevelt’s ongoing effort to better understand Trump’s appeal to working class voters in order to set an agenda for the future of
We are pleased to announce the 2019 Summer Fellowship applications are open! This is an eight-week, stipended opportunity for students to work on their Re:Public policy projects focused on protecting public goods – from water, to education, to the internet, and more – to ensure that everyone has access to what they need in order
The American economy suffers from high inequality and low mobility. Wages have stagnated despite rising worker productivity. Our distorted tax code favors the wealthy while most Americans suffer under rising health care and education costs. Roosevelters support building strong, local economies that create vibrant communities with a key role for anchor institutions, and rebalancing the economy by
Climate change is an empirical fact. It poses a threat to human rights and exacerbates economic inequality. It has even been classified as a “threat multiplier” by the United States military. Aspects of this issue reach into nearly every policy issue we work on: the economy, foreign policy, health care and democracy. Climate change’s far-reaching
America’s public education system has long touted the promise of civic and economic opportunity. It is an institution that is meant to provide every individual, no matter their background or means, the knowledge, and skills they need to make their way in the world. But, that just isn’t the case. Despite the immense talent and
As members of the most interconnected generation in history, we understand that the policy issues we care about increasingly transcend national borders. From human rights to economy prosperity to climate change, the change our generation hopes to bring about has an inherently global impact. Roosevelt is concerned with addressing international relationships in the broadest sense—political relationships, economic relationships
The passage of the Affordable Care Act (ACA) in 2010 marked an important milestone in achieving a more equitable health care system in this country and has seen millions more Americans join the rolls of the insured. With the landmark health legislation now under attack from the new administration, protecting the gains made by the
We are in a pivotal moment in our country’s continued struggle for justice and civil rights. As movements for immigrant, gender and racial justice continue to call on our institutions to contend with unfulfilled promises and unequitable treatment, we have the opportunity to position ourselves as a nation committed to living out a vision of true
Although research shows that diversity yields positive performance and returns in capital markets, minorities remain underrepresented in this industry. A new joint report from The ReFund America Project, Roosevelt Institute and Service Employees International Union finds opportunities for investment consultants to both promote minority asset managers and create long-term financial value for institutional investors. The
Dear Partners: Thank you for helping us spread the word about Roosevelt Institute’s newest paper “Overcharged: The High Cost of Finance” by Gerald Epstein and Juan Antonio Montecino. Please use our hashtag #RewriteTheRules when sharing it with your community. Download our simple report 1-pager here. Facebook: We put a price tag on just how much
The Roosevelt Institute urges the Republican Party and the Democratic Party to incorporate key policies that address economic inequality into the 2016 Republican Platform and the 2016 Democratic Platform. The policies are discussed in detail in three Roosevelt Institute papers on economic growth and shared prosperity listed directly below. In our letters to the Republican
Joelle Gamble, National Director of the Roosevelt Network, tells Fox Business that it’s time for candidates to start reaching out to young people. “At the end of the day they have to listen they have to be willing to listen they have to be told that they’re wrong but at the end of the day
From building a Next Generation Blueprint with over 1,000 participants to serving on the front lines of sexual assault, privatization, & community engagement, to strengthening our Roosevelt community, 2016 has been a huge year for Roosevelt’s Network. We began this year with a bold mission: “This year, Roosevelt will be unavoidable in our mission to change the
Order your copy of 10 Ideas 2016 here:
In a series of briefs, Roosevelt Institute Senior Fellow and Chief Economist Joseph Stiglitz analyzes the ins and outs of the proposed Trans-Pacific Partnership, explaining why it would structure the rules in ways that would harm the economy and American workers. View the briefs below: Part 1: Beware of TPP’s Investor–State Dispute Settlement Provision Part
Today, Roosevelt is pleased to announce the launch of the Reports from our 2015-16 Emerging Fellows including: – Emerging Fellow for Energy and Environment Eric Wolfert- An Environmental, economic and Health Imperative: Increasing Access to Solar in Virginia – Emerging Fellow for Equal Justice Andrew Lindsay- Integrating Harm Reduction Diversion Programs in Justice Reinvestment Strategies in Massachusetts –
Today, Roosevelt is pleased to announce the launch of the Reports from our 2015-16 Emerging Fellows including: – Emerging Fellow for Energy and Environment Eric Wolfert- An Environmental, economic and Health Imperative: Increasing Access to Solar in Virginia – Emerging Fellow for Equal Justice Andrew Lindsay- Integrating Harm Reduction Diversion Programs in Justice Reinvestment Strategies in Massachusetts –
Focusing on our rapidly changing economy, the 21st Century Economy project reimagines how government, civil, and business institutions can provide opportunity and security for all Americans. The United States is at a point of significant economic transformation—presenting both opportunities and challenges for working Americans. Some see the continued disaggregation of workplaces and workplace benefits as heralding further
On Politics Unplugged on Denver’s ABC 7, Roosevelt @ Denver University’s Kieren Doyle discusses Roosevelt’s agenda for 2016: Check out the piece here.
Joey Bunch of the Denver Post covers the launch of Roosevelt’s Blueprint in Colorado: The blueprint will command the attention of public officials and the general public at an hour-long event at the University of Colorado at 7 p.m. Thursday in Denver. “We’re asking elected officials and young people what should Colorado be known for,”
At The Nation, Roosevelt Network National Director Joelle Gamble writes: Our generation has the potential to dramatically reshape electoral and policy outcomes. People under 35 have led many of the major movements of the last eight years, including the Dreamers, Title IX activism, the Movement for Black Lives, and Occupy. And in 2016, the 86 million
Priyanka Mogul of the International Business Times reports on Roosevelt’s Blueprint: A majority of young Americans have said that they want to see an end to the way money controls the political arena in the US. Recent research revealed that 64% of millennial voters are calling for electoral reform that would “decrease the influence of
Roosevelt @ DePaul University’s Douglas Ortiz writes on the Higher education crisis in Illinois: If Governor Rauner wants our support for his turnaround agenda, he needs to start working for it. And if he’s not going to talk about higher education in Illinois, we are. Read the full piece here.
Building an inclusive economy means rewriting the rules to create just and equitable outcomes for everyone – regardless of gender, race or class. Too often, our leaders and policies mistakenly assume that “colorblind” solutions can sufficiently address barriers to economic opportunity for women, people of color, and immigrants. As disparities persist, we know we must rewrite
Building an inclusive economy means rewriting the rules to create just and equitable outcomes for everyone – regardless of gender, race or class. Too often, our leaders and policies mistakenly assume that “colorblind” solutions can sufficiently address barriers to economic opportunity for women, people of color, and immigrants. As disparities persist, we know we must rewrite
Social Media Pages Website- rooseveltinstitute.org/nextgenblueprint Facebook-/RooseveltNetwork Twitter- @VivaRoosevelt SnapChat- @VivaRoosevelt Instagram- @VivaRoosevelt Launch graphic here. Snap Chat Follow us at @VivaRoosevelt Facebook Share-able graphic here. Sample Facebook Copy — It matters who rewrites the rules. That’s why I’m proud to join the Roosevelt Network as we launch our Next Generation Blueprint for 2016. Join the
The Next Generation Blueprint for 2016 is the Roosevelt Institute network’s crowdsourced vision for change—a vision backed by concrete ideas for how we can tackle the complex and looming challenges we face. Based on a survey of 1,000 young people on 160 campuses around the country, the Blueprint lays out an aggressive policy agenda for legislators to
Roosevelt is home to the nation’s largest network of emerging doers and thinkers—young people who are committed to reimagining and rewriting the rules in their communities. Our members are organized on 130+ campuses in 40 states nationwide, from four-year universities to community colleges, partnering with policy makers and communicators to provide them with clear, principled ideas
Roosevelt at UTK’s Hayley Brundige on why “Tennesee is not for sale”: Privatization would not only slash hours and benefits for current workers, but lower the standard of treatment for any new hires. It’s an all-around loss for waged workers in Tennessee and the local economies they contribute to. Read the full piece here!
Check out Fusion’s list of 30 women who will change election 2016 including Joelle Gamble, National Director of Roosevelt’s network, and Taylor Jo Isenberg, Vice President of Roosevelt’s Network. Read the full coverage here!
The American economy has changed dramatically over the last 35 years, and finance and wealth have been at the epicenter of that transformation. Roosevelt’s work in this area explores how the explosive growth of the financial sector has increased inequality and hurt the overall economy, why wealth has become increasingly concentrated in the hands of
We believe our generation has the most to lose or gain in this election. That’s why we came together to build the Next Generation Blueprint for 2016. Crowdsourced from more than 1,000 people in our network from 160+ cities, colleges, and universities, the Blueprint makes a bold claim: It matters who rewrites the rules, not just
On the surface, COP21, the international climate change conference that started this week in Paris, appears to have all the right ingredients for building a global and equitable strategy to address climate change. The emerging messages deal directly with environmental justice—ending world poverty through the shift to a low-emission, sustainable future. Achieving such lofty goals will require a transformation of the global economy. Yet the proposed agreement fails to address some of the underlying factors leading to climate change and environmental injustice, such as economic inequality and the distribution of environmental burdens.
The University of Michigan and Michigan State University, the two largest universities in the state, together purchase more than $2 billion of goods and services each year, including everything from desks to high-powered computers. Much of this money is spent in Michigan, supporting local businesses even through tough economic times. Unfortunately, state policies have prevented U of M and MSU from fully using their purchasing power for the benefit of all of Michigan’s business owners.
The University of Michigan, as a public university, has an inherent responsibility to serve the interests of the community it represents. The institution purchases more than $1 billion of goods and services each year, and how the university chooses to spend that money shapes the structure and values of Ann Arbor and Southeastern Michigan as
Emerging Fellow for Equal Justice Andrew Lindsay writes in the New York Times on Amherst Uprising and the fight for racial justice on his campus: For many students of color, at Amherst College and elsewhere, it is not uncommon to feel a continuous sense of homelessness. “Are you sure this space is really mine?” we
Writing for the Baltimore Sun, Student Board of Advisors member Andrea Sosa of Roosevelt @ Goucher argues: As key participants in the climate change debate gather in Paris, they should consider how the issues they discuss affect people of color and whether the solutions they have proposed have done enough to balance out the injustices
Our Big Ideas Breakfast Series features leaders, scholars, and policy experts in fields ranging from economics to human and civil rights, presenting their views on current and emerging issues. Breakfasts are by invitation only. To learn more about attending a future breakfast, please contact Monica Gonzalez at firstname.lastname@example.org. Past Breakfasts The Politics of Reproductive Rights and Economic
Next week, global leaders in industry, government, and finance will descend on Paris for the 21st Conference of Parties (COP21) hosted by the United Nations Framework Convention on Climate Change (UNFCCC). With a significant focus on private sector innovation, more than 25,000 delegates will aim to produce the first legally binding agreement on industrial greenhouse gas emissions, as well as financial incentives for more efficient models of sustainable growth. While it remains to be seen whether international leaders can achieve the lofty goal of legally binding yet ecologically sound carbon emission standards, what is clear is that UNFCCC forgot to invite an entire generation to this discussion table.
In September, the Department of Education unveiled its new College Scorecard website. The scorecards are a major step forward in unleashing the power of educational data, as they allow prospective students to compare outcomes at different schools, providing data on costs, graduation rates, graduate indebtedness, and student earnings, among other metrics. But the scorecards have shortcomings, too, ranging from the limits of the data sample—the tax returns of students who received federal aid—to their reduction of a college education to a purely economic exchange. Among its most significant oversights, the scorecard data fails women.
What do the increase in for-profit colleges and private prisons have in common? Unchecked corporate power in our public institutions. Lack of public control over the provision of public goods demands action now. Our future is not for sale. A mainstay in our politics since post World War II and now embedded in our highest
Writing for The Hill, chapter head at Roosevelt @ Denver Morgan Smith argues: Structuring effective policy requires us to stop willfully ignoring the facts. This does not mean we cannot be cautious about environmental policy choices, but it does mean we have to stop believing that the 2,000+ scientists from 195 countries who work on
Andrew Lindsay, Roosevelt Institute Emerging Fellow for Equal Justice and student at Amherst College: For many students of color across the country, it is not uncommon to feel naked and constantly exposed to the elements. Subtle erasures of our bodies, slight yet sharp jabs from the ignorant, interrogations of whether or not we are deserving,
Following a trip to Washington DC, Upasna Saha of Roosevelt @ Columbia reflects on the challenges of policy making: Ultimately, the future of policy depends on what it has always needed: passionate people with a variety of political allegiances, with knowledge of specific issues and the inner workings of the process. Passion may have become
In the wake of President Obama’s decision to reject the Keystone XL Pipeline, Emerging Fellow for Energy and Environment issued the following statement: Full text of statement below: President Obama’s decision to reject the Keystone XL Pipeline is a win for climate, agriculture,
Hedge funds have aggressively pursued U.S. public pension dollars, maintaining that they offer pension funds absolute return and volatility reduction in exchange for the high management and performance fees that they charge. And many public pension systems, with encouragement from their investment consultants, have made significant allocations to hedge funds, chasing the promise of superior
Corporate short-termism—also known as “quarterly capitalism”—has become a key issue in the 2016 election. It’s also one of the major economic trends that has been increasing inequality and weakening economic growth for the last 35 years. So what is it, how has it transformed American business, and what can we do about it? In our Agenda
Connecticut College features Margaret Sturtevant’s policy of the year on their website: “It’s one thing to sit at a computer and construct this ideal world where everything will fall into place like it should, but that is never going to actually happen. For a policy to serve the community, you’ve got to work with the
About the Roosevelt Institute Roosevelt Institute has an amazing story to tell. In July 2016, we were profiled by The New York Times Magazine for our role in advancing progressive policy change. If you’re looking for a career that transforms, inspires, challenges, and rewards you, then come join us. At Roosevelt, you can build a rewarding career with challenging and
By Cris Cambianca Across the country, food delivery service technology is developing rapidly at the same time that food delivery infrastructure is becoming increasingly interconnected. However, these innovations have not extended to systems of food recovery, or to address the substantial waste generated by these systems. Restaurants, cafeterias, and consumers throw away a lot of
In an op-ed for CNBC, Roosevelt Institute President and CEO Felicia Wong said the Republican presidential candidates missed a big opportunity to connect with middle- and working-class voters at their third debate in Denver: The not-so-secret truth is that Republican voters want something different than what the candidates are proposing; they want deep structural changes
Roosevelt @ Denver University chapter head Morgan Smith responded to the second GOP debate in the Denver Post: The only question that had real direct impact to young people was about the student debt burden. Both Gov. Kasich and Gov. Bush, who answered it, focused on mitigating the costs of universities and alternative ways to
Inequality is a choice. Since the 1980s, trickle-down economics has shrunk the middle class and increased the concentration of wealth at the top. But it doesn’t have to be this way: We can rewrite the rules that structure our economy and society to promote both stronger growth and shared prosperity. More and more Americans are
Emerging Fellow for Healthcare Shauna Rust writes a Letter to the editor in response to Joe Nocera’s Op-ed on E-Cigarettes: While e-cigarettes may present fewer health risks than traditional cigarettes, there is little evidence that e-cigarettes are effective in helping smokers quit. In fact, several studies have shown that even after a year of e-cigarette
Roosevelt chapters form the beating heart of that network. They’re meeting places, debate forums, and think tanks all in one. Interested? Join a chapter or start one. We’re excited to have you on board.
Roosevelt Fellow Andrea Flynn talked to the US News and World report about Roosevelt’s recent polling showing 83 percent percent of Americans, including 85 percent of independents and 67 percent of Republicans, want employers to provide their employees with paid family and sick leave. “American workers and families are just ready for it.” The article
Roosevelt @ American, known for its interest in intersectionality, develops multi-dimensional solutions to local and international issues. For years our members have risen through Network leadership, and published versatile 10 Ideas pieces. Our alumni are combating money in politics, working for education non-profits, co-founded the Million Hoodies Movement for Justice, and work for the Roosevelt
Roosevelt @ Amherst is a part of a national network of thinkers and doers reimagining the rules that govern our societies and realities. Roosevelt @ Amherst uses our diverse experiences to design and realize policy change that affects our local, state and national communities. We come from different cities and towns around the nation. We
Emerging Fellow for Healthcare Shauna Rust was featured in News & Observer: North Carolina should be doing more, not less, to promote adolescent health and reduce teen pregnancies. While teen pregnancy rates have declined over the past decade, tens of thousands of teens still become pregnant in North Carolina each year. The U.S. has one
Roosevelters at the University of Tennessee Knoxville have allied with a host of on-campus groups to oppose Governor Bill Haslam’s privatization plan. The plan would outsource facility management at virtually all state-operated buildings including hospitals, prisons, start parks and National guard sites. Roosevelters are opposing not just the plan itself that could have calamitous repercussions,
In the wake of the Umpqua college shooting, Emerging Fellow for Equal Justice Andrew Lindsay issued the following statement on behalf of Roosevelt: Full text: “In the wake of yet another shooting on a college campus, our thoughts lie with the friends, family, and community of the latest victims of the epidemic of gun violence in
Roosevelt boasts a nationwide presence, engaging a network of emerging thinkers and doers who believe that when the rules don’t work for everyone, its their responsibility to re-write them. Roosevelt chapters form the beating heart of that network. They’re meeting places, debate forums, and think tanks all in one. With support and guidance from the national team,
Roosevelt @ Mason is George Mason University’s largest and most active nonpartisan student policy organization. Roosevelt @ Mason provides student leaders with a network and resources to effectively plan, organize, and implement progressive policy initiatives at the campus, local, state, and national levels. In its first year, Roosevelt @ George Mason delivered in every Roosevelt
Roosevelt @ GW is part of a national network of over 10,000 emerging leaders actively engaging on college campuses and in communities to re-imagine and rewrite the rules. A student-led think tank and act tank, Roosevelt @ GW engages students in solutions-based progressive activism that empowers their ideas for change. Founded in 2003, and re-established
The Roosevelt Institute joined Fellows Mike Konczal and J.W. Mason, with keynote speaker Senator Tammy Baldwin and moderator Jim Tankersley of The Washington Post, at the National Press Club as we release two papers on corporate short–termism. Opening remarks were given by Senator Baldwin, followed by a panel with Cornell University’s Lynn Stout and the AFL-CIO’s Heather
Casey McQuillan, from Roosevelt @ Amherst, published his proposal for body cameras in the Harvard Journal on African American Public Policy. The shooting and killing of Mike Brown by a police officer in Ferguson, Missouri, drew national attention to issues of discrimination, police brutality, and the growing divide between communities and their local law enforcement
Mount Holyoke’s campus news source highlights the advocacy work Jessica Morris, Roosevelt @ Mt Holyoke, is doing to fight mass incarceration in the state of Massachusetts. Jessica Morris ‘15, a Mount Holyoke Roosevelt Institute Scholar, spoke at a mass incarceration forum in Amherst this past Saturday with Massachusetts State Senate President Stan Rosenberg and State
Roosevelt @ University of Georgia is part of a network of emerging leaders who focus on finding policy solutions at the University of Georgia. The chapter meets weekly to discuss important issues occurring in our community and to craft policy solutions to solve these issues. Last year, 8 Roosevelt @ UGA members were published in Roosevelt’s10
Covering new research from the Institute for Women’s Policy Research, Ariel Smilowitz details the structural barriers facing women in the United States. There are incredibly large disparities throughout different regions of the United States; southern women are the worst off with regard to employment and earnings. Furthermore, the status of women differs notably by race
Courtney Liss discusses a path forward in the fight against sexual assault on college campuses. After hearing from women on my campus, I realized that the issue of sexual assault goes beyond its frequency. Instead, a combination of factors—negative administrative responses to reporting, retaliation against victims from social groups, and the incessant questioning of victims
Missy Brown, Emily Cerciello and Andrea Flynn detail how sex ed programs in North Carolina, in their current design, are harmful to LGBTQ youth. The current heterosexual bias in sexual education is a systemic policy failure that is harming young people. Teaching abstinence-only sex ed designed exclusively for heterosexual, cisgender students limits young people’s knowledge
Photos from our Hyde Park Summit & Alumni @ Hyde Park 2016! Posted by Roosevelt Network on Saturday, August 6, 2016
Roosevelt @ U of Michigan seeks to create an engaging, fun environment where students from all backgrounds and academic disciplines can build relationships with other students, impact public policy, and effect real change. The chapter deepens understanding of state and local policy problems by engaging with local policy makers, professors, and leaders. These efforts inform topic specific
Mark Riddle, Executive Director of the New Leaders Council, calls Roosevelt one of the key groups building leadership for progressives. The “depth problem” is very real and we are seeing the real-life consequences today pointed out by Blake. However, the bright spot is this: There is an emerging progressive pipeline to build talent. Along with
Government by and for Millennial America Government By and For Millennial America tackles the third pillar in the Roosevelt Blueprint series: how to reinvest in and restructure our government to respond to and tackle our greatest challenges. Aggregating the input of Millennials across the country, it is not just a vision for what government can be,
Budget for a Millennial America The Roosevelt Institute Campus Network’s Budget for a Millennial America is a rigorous plan that makes the essential investments in education, health care,infrastructure and green energy needed to ensure a robust 21st century economy, while reducing the federal debt to a sustainable level. Built from the priorities set out in the Blueprint for the Millennial America, the
The Blueprint for the Millennial America The Blueprint for the Millennial America is the first in Roosevelt’s Blueprint series and — built through the visioning phase of Roosevelt’s Think 2040 project — reflects the experiences of the Millennial generation, the values we hold most dear, and the priorities that emanate from those values. The Blueprint unites 3,000
How the U.S. Government Can Better Promote “Anchor” Institutions Brandi Lupo, Roosevelt Alum, on RegBlog While investing in anchor institutions is no “silver bullet for addressing the socioeconomic challenges” facing communities, the federal government can and should better partner with these institutions to promote development from within communities themselves. The mayor of Baltimore, Stephanie Rawlings-Blake, recently
New Partnership Will Reduce State College Tuition in Washington State Gayle Nelson on Non Profit Quarterly A new public private partnership in Washington State aims to offset skyrocketing higher education costs. Students are also exploring purchasing habits, investment strategies, and financing policies to highlight opportunities to strengthen local communities as well as benefit the institution.
Jennifer Kim, pulling on her work with the Metropolitan Mayors Caucus, argues that local governments are more adept at collaborating that state government accounts for. Intergovernmental collaboration is not a foreign concept to municipalities: examples include massive insurance pools birthed from COGs that bring together over 500 municipalities just in Illinois; a municipality-led joint-purchasing initiative so successful
Progress Illinois highlights the NextGen Illinois agenda created by Roosevelt and Young Invincibles. The agenda crowdsourced ideas from thousands of young people in the state of Illinois. Ahead of Rauner’s first State of the State address back in February, Young Invincibles and the student-run Roosevelt Institute Campus Network released a 10-item, Millennial-driven policy platform developed
Roosevelter on The State Journal Register: Rachel Reimenschneider and Sam Wylde on youth in Illinois
Rachel Reimenschneider, critiquing Illinois Governor Rauner’s State of the State Address, cite the importance of young people in building a stronger state. While Rauner’s concern for keeping Illinois competitive with neighboring states was undeniable, the issues most important to the state’s young people, such as the environment, scarcely were mentioned. Read more in the State
Emily Cerciello argues that Millennials’ documented civic mindset positions them well to tackle our most pressing healthcare issues. To truly change the industry, we must improve both public and private mechanisms of organizing, financing, and delivering care. Millennials understand this intricate public-private relationship and are able to create change by entering through both doors. This
Brit Bryd argues that New York City can solve its congestion problems and raise new revenue through changes in local policy. At its core, congestion pricing operates with one simple mechanism: attaching a higher cost to the activity of driving into the city center. Parking is an inherent cost associated with driving – and not
Use this form to request Roosevelt materials for your chapter! Currently, you can receive t-shirts and 2015 10 Ideas journals from the New York Office. Your browser does not support iframes. The contact form cannot be displayed. Please use another contact method (phone, fax etc)
Learn more about a college or university’s role in the surrounding community with our Rethinking Communities Infographic.
The drivers of inequality are complex — but not all of our solutions have to be. The Rethinking Communities project gives students the tools to work with their institutions of higher learning and communities to identify and advance solutions that promote broadly shared economic progress. The project focuses on anchor institutions, a term for large employers such
Alex Hertel-Fernandez, a Roosevelter and Harvard PhD student, estimates that: somewhere between 3 percent and 10 percent of all US employees — about 4 to 14 million Americans — are experiencing intimidating forms of political contact at work. Read more about his research here.
Senator Elizabeth Warren joined the celebration of the Network’s tenth anniversary in December 2015, writing “For the past 10 years you have… helped shape the brightest young minds of this generation.”
Interview with Matthew Fischler ’10 and Rahul Rekhi ‘13 Roosevelt alums in Forbes 30 Under 30 for Law & Policy 2015 Interviewed by Joe McManus, Special Initiatives Director This transcript has been edited for length and clarity. Joe McManus: How did you first get involved in Roosevelt? Rahul Rekhi: I reached out to Rajiv Narayan,
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David Meni of Roosevelt @ George Washington talks about the problems with under banking in D.C. Filmed and edited by Kinjo Kiema and Simone Rochelle Jackenthal
To learn more about Roosevelt’s Next Gen Illinois Convention, click here.
Roosevelt Alumna Naomi Ahsan shared remarks at our Policy By and For Reception in DC on June 18. “Good evening. It’s a pleasure to be with you all tonight and see some familiar friendly faces and meet some new folks. My name is Naomi Ahsan. I am currently working at the Department of Justice before
Roosevelter, Elizabeth Chi (Cornell ’18) published an Op-ed in the Cornell daily sun advocating for Cornell President Elizabeth Garrett to take action on climate change. Therefore, the question is not whether Cornell should set an administrative precedent, but rather whether the fight against fossil fuel companies that exploit and pollute water and land resources from
Our members, organizing on 130 chapters in 40 states, identify local problems, propose solutions, and run campaigns for policy change. With support and guidance from the national network, Roosevelt chapters train members, incubate and support policy projects, host events, and build political power. Join us! At Roosevelt, we believe it matters who writes the rules.
As we re-envision progressive global governance for the 21st century, we seek to better balance the challenges and opportunities ushered in by globalization. Over the course of the past century, global trade agreements and international institutions have ushered in opportunities and challenges for Americans and American businesses. We’ve lowered prices, expanded the market for U.S.
An aggressive blueprint for rewriting 35 years of policies that…have led to a vast concentration of wealth among the richest Americans and an increasingly squeezed middle class. –New York Times Rewriting the Rules of the American Economy builds on the Roosevelt Institute’s report, which was released earlier this year. It has influenced and changed the
The Roosevelt Institute seeks to develop a new set of labor rules and institutions that will expand economic security and opportunity in the 21st century workplace. The modern U.S. economy—powered by sectors excluded from labor protections, fueled by global supply chains, organized through sub-contracting and online platforms—hardly resembles the economy of the mid-20th century, when
We’re putting Roosevelt ideas into action in Illinois. With the federal government in perpetual gridlock, states are an important testing ground for rewriting the rules – and a way to improve the lives of millions of people. The Prairie State can benefit from the creativity of our thinkers and doers as it faces a chronically overburdened
Roosevelters are a force to be reckoned with. As elected officials, entrepreneurs, executives, organizers, and thought leaders, the impact of our work extends far beyond college. But we know it may take generations to fully achieve our vision for America. That’s why we’re asking you to become a member of our new community, Roosevelt NEXT.
Reporter Joey Bunch cites Roosevelt @ U of Denver as a student voice in the conversation leading up to the GOP Debate in Colorado. He interviews chapter president, Morgan Smith. Smith, an unaffiliated voter and president of the nonpartisan Roosevelt Institute chapter at DU, cited as an example student loans, a $1.3 trillion burden for
Roosevelt Fellow Saqib Bhatti talked with Bloomberg after the city of Chicago announced that it would need to pay at least $270 million to get out swap deals the city had entered. Meanwhile the city is facing a significant tax increase to cover a budget shortfall. We’re paying these fees at the same time the
On his MSNBC show Nerding Out, Roosevelt Fellow Dorian Warren hosted a discussion on Roosevelt’s new Blueprint to Empower Workers with Buzzfeed’s Cora Lewis, LA Black Worker Center’s Lola Smallwood Cuevas, and the Washington Post’s Lydia Depillis. Watch the whole discussion.
Roosevelt @ George Washington co-hosted an event to support council member David Grosso’s legislation on Universal Paid Leave. The GW chapter of the Roosevelt Institute, a group that pushes for progressive legislation, hosted representatives from Jews United for Justice Tuesday to discuss ways students can advocate for the Universal Paid Leave Act of 2015. Read the
Leading up to the first Democratic debate on October 13th, Roosevelt Fellow Mike Konczal talked with CBS News about the different proposals to increase taxes on Wall Street. On whether or not creating a tax on trades was a good idea, Konczal said: It’s only one piece of the puzzle, but an important piece. And done
Colleen Flaherty covers Danielle Brown, from Roosevelt @ Mt Holyoke, as she details an experience with a racial slur in the classroom setting. How do I react to this? In high school, I would have walked out of the room straight to my car. I would have called my mother on the way home, and
While the White House hosted a summit on worker’s voice, the Roosevelt Institute released it Blueprint to Empower Workers as part of the Future of Work project. The Washington Post coverage the summit and called our Blueprint: A comprehensive agenda for policy changes that could bolster the bargaining power of workers Read It’s Been A While
We have a wage theft epidemic in our country, especially in the low-wage labor market, where too many workers are cheated out of their fair pay. There are many factors that contribute to the wage theft epidemic, from woefully under-resourced public enforcement agencies, to inadequate anti-retaliation protections for workers who come forward to enforce their
This paper explores a new strategy for workplace-based worker organizations. The strategy is suggested by the contrast between the U.S. system of work regulation, in which regulations are administered by a number of different agencies, each with a relatively narrow jurisdiction, and the system prevailing in Southern Europe and Latin America, where a single agency administers the
Fifty years after the Civil Rights Act of 1964 first prohibited racial and ethnic discrimination in employment, more remains to be done to fulfill the law’s promise of integration. Discrimination continues to be a consistent feature of American labor markets. Disparities in access to education, skills, training, networks, and mentoring contribute to inequalities and occupational segregation.
Care workers, including both child care and hands-on direct care providers, number 5.5 million and are employed in some of the most dynamically growing and lowest-paying jobs in the American economy. Their “priceless” work, of such critical importance to families and society, rarely offers more than miserable wages and shoddy benefits. Improving these jobs and
For legal, social, and economic reasons, it is difficult for worker organizations to organize, bargain, and strike across entire contractual supply-chains, networks, industries, occupations, or regions. This paper proposes four large-scale reforms to diminish these difficulties and actively facilitate organizing and striking across multiple employers: First, an entity should be deemed an “indirect” employer of
Policy Agenda Coincides with White House Summit on Worker Voice New York—The Roosevelt Institute today released a substantial labor agenda to coincide with the White House Summit on Worker Voice. The Blueprint to Empower Workers for Shared Prosperity and supporting policy briefs, products of Roosevelt’s Future of Work Project, are the culmination of a three-year
After the White Summit on Worker Voice, Al Jazeera covered the summit and Roosevelt’s Blueprint to Empower Workers noting the Blueprint calls for “labor law be adjusted to redefine ’employer’ and allow a single union to bargain with multiple employers on behalf of its members.” Read the whole article, Obama Hears Proposals on Future of
The American public wants candidates who embrace a comprehensive overhaul to get the economy working for all Americans again. Since its launch this spring, Rewriting the Rules of the American Economy has changed the economic and political debate in the country. As the 2016 election heats up, we wanted to be able to go to
The Four Freedoms Awards are presented each year to men and women whose achievements have demonstrated a commitment to those principles which President Roosevelt proclaimed in his historic speech to Congress on January 6, 1941, as essential to democracy: freedom of speech and expression, freedom of worship, freedom from want, freedom from fear. For more
About the Awards The Four Freedoms Awards are presented to men and women whose achievements have demonstrated a commitment to the principles which President Roosevelt proclaimed in his historic speech to Congress on January 6, 1941, as essential to democracy: freedom of speech and expression, freedom of worship, freedom from want, freedom from fear. The
Dominic Russel from Roosevelt @ U Michigan details how new developments are displacing residents, even in Detroit. But a growing body of research suggests the opposite is true: inequitable cities and regions have shorter periods of sustained growth and prosperity. It turns out that when working-class residents can’t afford to live near new developments, business owners
In a deep look at Roosevelt Chief Economist Joseph Stiglitz’s work on inequality the New York Review of Books review’s Roosevelt Rewriting the Rules of the American Economy. The review says Stiglitz has laid out a detailed list of reforms that he argues will make it possible to create “‘an economy that works for everyone.
The American Genius looked at how the gig economy is going to change the overall economy in the years to come and cited Roosevelt’s Next American Economy project in it’s analysis. According to a new report by the Roosevelt Institute and the Kauffman Foundation, our economy will be “scarcely recognizable” in 25 years. Read Workers
On September 17, 2015, the Roosevelt Institute and Ford Foundation hosted a launch for the book Women and Girls Rising: Progress and resistance around the world. With a keynote by Shahra Razavi of UN Women, the event also celebrated of the 20th anniversary of the historic UN Fourth World Conference on Women in Beijing. The
After the Federal Reserve decided not to raise interest rates in September, Roosevelt’s Mike Konczal joined the Economic Policy Institute’s Tom Palley and Bloomberg TV’s Alix Steel and Joe Weisenthal on “What’d You Miss?” to discuss what it could mean for wages across the US. Watch Will U.S. Wages Remain Under Pressure?
In the final installment of our “Good Economy of 2040” video series, we hear from Natalie Foster, co-founder of Peers.org and Rebuild the Dream. In order to ensure a good economy in 25 years, Foster would reimagine the safety net for the 21st century. “It’s important that we stop thinking about jobs and start talking
This week, Marina Gorbis from the Institute for the Future presents her idea on the best way to ensure a good economy in 25 years: Let’s get money out of politics. “We need to get money out of politics. Unless we do that, it will be hard to work on any other issue. It’s a
The Next American Economy’s video series on “The Good Economy of 2040″ continues this week with Denise Cheng from the MIT Center for Civic Media and the San Francisco Mayor’s Office of Civic Innovation. Cheng is an advocate of open government initiatives like open data and participatory budget projects. But if she had to pick
Our ongoing series about the good economy continues with a video featuring Roosevelt President and CEO Felicia Wong. When asked about what she would do to ensure a good economy in 25 years, she says her top priority is closing the racial wealth gap. After examining wealth over generations, she finds that wealth, more than
In January, the Roosevelt Institute gathered 30 experts and practitioners in technology, education, finance, and economics to discuss the next American economy. We asked them what they would do today to ensure a good economy 25 years from now. Over the next few weeks, Roosevelt will be highlighting some key suggestions. Check out the experts
“How the rich devoured the American corporation — and what we can do about it,” The Week
"Why Big Corporations Would Rather Waste Billions Of Dollars Than Give It To Workers," Think Progress
“Why Big Corporations Would Rather Waste Billions Of Dollars Than Give It To Workers,” Think Progress
“The fringe economic theory that might get traction in the 2016 campaign,” Washington Post
“Hewlett-Packard shows how to fatten shareholders while firing workers,” LA Times
“Tough Times for British Banks,” Bloomberg View
“Forbes 500 List Reveals A Disturbing Truth About Our Economy,” Huffington Post
“Shareholders’ big skim,” Washington Post
“Corporate Borrowing Now Flows To Shareholders, Not Productive Investment: Study,” IB Times
“Why companies are rewarding shareholders instead of investing in the real economy,” Washington Post
“Why companies are rewarding shareholders instead of investing in the real economy,” Washington Post
“What William Gibson’s “New Rose Hotel” Got Wrong About the Future,” The Stranger
Casey Tolan covers the action and University’s response to Roosevelt @ George Mason’s campaign to fight sexual assault on their campus. The Solo cup demonstration was planned by the university chapter of theRoosevelt Institute, a national student group that promotes progressive policies. It’s part of a larger effort at George Mason to study campus sexual
Roosevelt’s Mike Konczal joined Roosevelt Fellow Dorian Warren for a panel with economist Jared Bernstein and the Center for Popular Democracy’s Connie Razza on Warren’s MSNBC show Nerding Out to discuss the financial industry, quantitative easing, and federal reserve policy. Watch the Fed is More Limited Then We Think. Another Roosevelt Fellow, Saqib Bhatti, makes
Roosevelt Fellow Mike Konczal appeared on CSPAN to debate the Cato Institute’s Mark Calabria about Wall Street Regulations and take calls from listeners. Watch the segment on Wall Street Regulations.
On July 16, Mayor Bill de Blasio announced a new initiative to bring free broadband service to 16,000 New Yorkers living in five public housing developments in the boroughs of Brooklyn, Queens, and the Bronx. In partnership with President Obama’s ConnectHome initiative, the de Blasio administration has committed an investment of up to $10 million
Fast Company uses Roosevelt’s Next American Economy project to take a look at how freelancers are going to change the economy by 2040. As the project participants have found: In the next economy, work may be more lucrative and fulfilling, but the idea that you’ll be professionally rewarded because you’ve been loyal to a company
Roosevelt’s Chief Economist and author of Rewriting the Rules, Joseph Stiglitz sat down with Gawker to discuss the economy, inequality and the Rewriting the Rules report. We’ve reached a level of inequality where it’s unambiguously clear to me and to most observers that it’s interfering with our economic performance. Read the rest of the interview
Nikita Singareddy, president of Roosevelt @ Columbia, argues that Uber should continue to hire the formerly incarcerated. The existing body of research also tells us that employment plays a critical role in reducing recidivism. That’s hugely important given 67 percent of ex-offenders return to prison on our tax dollars within three years of release; most
The Republican presidential candidates will have their first televised debate of the 2016 cycle tonight. Here’s what they’re likely to say about the economy: 1. Cutting taxes on big corporations and top earners is the best way to grow the economy. All the candidates on stage tonight at the GOP primary debate will express some
Lauren Gaytan, president of Roosevelt @ UC Berkeley, challenges the University of California to continue to expand rights for its workers. By taking a firm stance on the minimum wage and the protection of its workers, the UC system is exercising its power as an anchor institution. Anchor institutions are nonprofit entities — such as
Jason Song covers Roosevelt @ Santa Monica’s effort to fight hunger and homelessness on campus. Montoya decided that she wanted to get a degree in public policy and enrolled in Santa Monica College in 2013. After hearing about a program offered by the Roosevelt Institute to encourage student activism, Montoya began organizing a campaign to
“Women and Girls Rising: Progress and Resistance Around The World” Edited By Ellen Chesler and Terry McGovern
“It is essential that we create a new normal―in our homes, in our nations, and in this United States―and that is what the dedicated and talented women and men whose voices are represented in this book are doing every day. The book is a treasure because it tells their stories.” – Gloria Steinem, author, lecturer, editor,
Saqib Bhatti joined The Real News to talk about ways to prevent Chicago from going bankrupt and why Detroit didn’t have to: progressive taxation. Listen to Why Chicago Won’t Go Bankrupt- and Detroit Didn’t Have To.
July 2015 In order to increase the capacity of food programs serving food insecure individuals Cook County, the Chicago Department of Procurement Services should require all city food contracts to be awarded to businesses that participate in food recovery programs with the Greater Chicago Food Depository. Authors Jennifer Kim, Cornell University Doug Ortiz, DePaul University
July 2015 Chicago boasts over 15,000 restaurants yet still struggles with arguably the most basic of human rights: access to healthy and affordable food. Since donations to local food pantries have not kept up with local need, this policy proposes using tax and limited liability incentives to leverage food suppliers as to collect food donations
Finance has been the defining characteristic of the economy since the early 1980s. Its evolution has roots in our economy, laws, politics, and cultural ideology, and it influences everything from the nature of inequality to the innovative and productive capacity of the economy as a whole to the way we approach education and investment. Experts
In anticipation of Hilary Clinton’s plan to discourage short-term investing by Wall Street and companies, Washington Post’s Jim Tankersley talked with Roosevelt Mike Konczal about all aspects of short-termism and how to combat it. Konczal told Wonkblog: Curbing short-term staples like manipulative buybacks and tax incentives for CEO pay are important, but it’s equally important
This week, the Roosevelt Institute’s Next American Economy project is releasing a series of thought briefs in which experts examine how the economy will change over the next 25 years. Read the introduction here. “Education should equip young people to shape an uncertain future so they can live more successful lives, on their own terms and
This week, the Roosevelt Institute’s Next American Economy project is releasing a series of thought briefs in which experts examine how the economy will change over the next 25 years. Read the introduction here. Fifty years ago, the path to professional success and economic stability was pretty clear: Get good grades -> Go to college -> Find a
This week, the Roosevelt Institute’s Next American Economy project is releasing a series of thought briefs in which experts examine how the economy will change over the next 25 years. Read the introduction here. Digital platforms are the base upon which an increasing number of activities—economic, social, and political—are being organized. If the Industrial Revolution was
This week, the Roosevelt Institute’s Next American Economy project is releasing a series of thought briefs in which experts examine how the economy will change over the next 25 years. Read the introduction here. 2014 was the year of Big Data (a term that has now fallen out of favor), the Sharing Economy (think Uber and
The Roosevelt Institute today released the following statement in response to Hillary Clinton’s economic speech at the New School: Today, Hillary Clinton began outlining a comprehensive framework for tackling America’s problems of slow economic growth, low investment, and stagnant wages. Secretary Clinton’s speech reinforced an argument made by the Roosevelt Institute and supported by the
This week, the Roosevelt Institute’s Next American Economy project is releasing a series of thought briefs in which experts examine how the economy will change over the next 25 years. Read the introduction here. “We need banking, but we don’t need banks.” —Bill Gates, 1996 When asked to think about challenges facing small businesses as they
This week, the Roosevelt Institute’s Next American Economy project is releasing a series of thought briefs in which experts examine how the economy will change over the next 25 years. Read the introduction here. “We need banking, but we don’t need banks.” —Bill Gates, 1996 When asked to think about challenges facing small businesses as they
This week, the Roosevelt Institute’s Next American Economy project is releasing a series of thought briefs in which experts examine how the economy will change over the next 25 years. Read the introduction here. We can only envision the union of the future by imagining the experiences of the worker of the future. Who is she?
Series Examines Questions About the Sharing Economy, Big Data, Urban Platforms, Future of Unions, Education, and More New York—The Roosevelt Institute today announced the publication of a series of thought briefs envisioning how the United States’ economy will evolve over the next 25 years. The briefs, released by Roosevelt’s Next American Economy project, are the
This week, the Roosevelt Institute’s Next American Economy project is releasing a series of thought briefs in which experts examine how the economy will change over the next 25 years. Read the introduction here. “You have to be an optimist to believe in the Singularity,” she says, “and that’s harder than it seems. Have you
Early in the morning factory whistle blows / Man rises from bed and puts on his clothes / Man takes his lunch, walks out in the morning light / It’s the working, the working, just the working life —Bruce Springsteen, “Factory” (1978) The predestined, blue-collar lifestyle that Bruce Springsteen sang about in Darkness on the
Roisin Ellison and Joe Hallgarten of the Royal Society for the Encouragement of Arts call for a new model of education that emphasizes creativity.
Michelle Miller, co-founder of Coworker.org, asks what the union of the future will look like.
Chelsea Barabas of MIT Media Lab’s Digital Currency Initiative examines the future of workforce development and educational credentials.
Denise Cheng, affiliate researcher at MIT’s Center for Civic Media, looks at barriers to growth in the sharing economy.
John Zysman of U.C. Berkeley and Martin Kenney of U.C. Davis examine where work will come from in the era of big data and cloud service.
Richard Swart of U.C. Berkeley looks at challenges in access to capital for startups.
Julia Root of NYU’s Governance Lab explores how cities will become urban platforms for innovation.
Guided by the belief that we are in the midst of an economic transformation on par with the Industrial Revolution, the Roosevelt Institute’s Next American Economy project identifies the trends and challenges that will shape our economy in the next 25 years in order to better inform the policy decisions we must make today. We
The Rethinking Communities Initiative is a Networks-wide effort to work with universities and their communities to identify and advance solutions that promote broadly shared economic progress. Students research and diagnose the local drivers of inequality and build strategies and coalitions to enact policies that contribute to shared growth and prosperity. We aim to meaningfully contribute
Rethinking Communities Executive Summary
“I don’t see race” is the oft-heard refrain of many Millennial men and women. Surveys have shown that people of this generation believe themselves to be more tolerant of racial differences than older Americans. These are young people who see the progress America has made in addressing racial disparities as irreversible. This sense of finality
Texas recently passed some of the most conservative, pro-gun legislation in the country, which drastically liberalizes open carry laws on college campuses. With the aid of lobbyists and lawmakers backed by the National Rifle Association (NRA), the legislation is now moving forward in more than fourteen other states as well. Student policymakers are a vital intellectual
On June 9, 2015, Campus Network Senior Fellow Jessica Morris testified before the Joint Committee on the Judiciary of the Massachusetts General Court on an act reforming pretrial process (H. 1584/S. 802). Her written testimony is reproduced below. Good afternoon Joint Committee on the Judiciary. My name is Jessica Morris and I am the Senior Fellow for Equal Justice at the Roosevelt
Roosevelt Institute Presents Campus Policy Initiatives on Local Economics, Sexual Assault Prevention, Community Health, and Bilingual Education at D.C. Reception
WASHINGTON—The Roosevelt Institute Campus Network, winner of the 2015 MacArthur Award for Creative and Effective Institutions, will highlight its top five local impact projects at an event this evening in Washington, D.C. The Policy By and For Reception will feature Network members from Amherst College, the University of Michigan, Tulane University, the University of North
Roosevelt Institute Senior Economist Adam Hersh will appear today before the United States House Committee on Foreign Affairs’ Subcommittee on Asia and the Pacific as part of a hearing on “China’s Rise: The Strategic Impact of Its Economic and Military Growth.” The following is his prepared testimony. Chairman Salmon, Ranking Member Sherman, members, thank you
The concept of policing and the question of how systems of community safety can be improved across the country have been at the forefront of American consciousness lately. People around the world, from activists and their allies to social media and folks sitting around their dinner table have started a discussion of how communities of
Childhood poverty is growing in North Carolina. As of 2012, more than half a million children in the state are living in poverty, and of these, more than half are in extreme poverty. The health implications for these children are profound; research shows children born into poor families have higher hospital readmission rates, sick days,
Media coverage of Emma Sulkowicz’s performance art is drawing attention to a very serious and widespread issue: today, one out of every five women on a college campus has been sexually assaulted. President Obama himself spoke about it just last year. Worse, it is estimated that only 12 percent of sexual assaults are reported, meaning that far more
Roosevelt Institute Chief Economist Joseph Stiglitz sat down with CNN Money to discuss inequality in America and Roosevelt’s Rewriting the Rules of the American Economy report. He talked about the 37 different policies in the report to reduce inequality, create growth and shared prosperity. There are policies that can once again put the sought after, but
From championing civil rights through Freedom Summer to fighting sexual assault, college students have long made a name for themselves as leaders of ideas, activism, and innovation. It should therefore come as no surprise that the fossil-fuel divestment movement—the campaign to get institutions to pull their financial investments from fossil fuels and redirect that money
We need to start holding colleges accountable as anchor institutions that provide economic growth and stability to their communities. In recent weeks, the debate about holding colleges accountable has focused on schools’ responsibilities toward failing students, continuously rising tuition, and increasing student debt. What’s been overlooked is the role of colleges as a potential force
Slate’s Jamelle Bouie covered the launch of Rewriting the Rules of Economy and the policies that Joseph Stiglitz and the other Roosevelt economists call for in the report calling it: A fundamental revamp of our economy and its rules. He dives in on specific policies in the report from financial industry reform to lower barriers
After moderating the panel discussion at the launch event for Rewriting the Rules of the American Economy, Time’s Rana Foroohar wrote an article looking at the core argument of the report. Inequality isn’t the trade-off for economic growth; rather, it’s both the cause and the symptom of slower growth. Massachusetts Senator Elizabeth Warren and New
On the same day that Rewriting the Rules of the American Economy was released, the Washington Post’s Jim Tankersley took a deeper look at the policies. Joseph Stiglitz and a team of his fellow economists have a new plan to reduce inequality, grow the middle class and get the U.S. economy to work better for working
The fossil fuel divestment movement on college campuses highlights two distinct aspects of the problem of climate change. The first and most obvious is that climate change and environmental issues are drastically changing our planet and require immediate action. The second is the responsibility of our colleges and universities to be stewards of responsible social
After the launch of Rewriting the Rules of the American Economy on May 12, where Senator Elizabeth Warren described the report as “groundbreaking” the New York Times called it: An aggressive blueprint for rewriting 35 years of policies that…have led to a vast concentration of wealth among the richest Americans and an increasingly squeezed middle class.
On May 12, Roosevelt launched Rewriting the Rules, our comprehensive new economic agenda, at the National Press Club. Heralded as ground-breaking, the report provides a counter to the prevalent trickle-down economics. Author and Roosevelt Chief Economist Joseph Stiglitz was joined by Senator Elizabeth Warren and Mayor Bill de Blasio at the launch event. We were joined by
The FDR Distinguished Public Service Awards honor individuals whose careers exemplify President Roosevelt’s extraordinary dedication to public service and seek to inspire a renewed national commitment to the principals for which FDR stood. Change can take a lifetime, and these men and women have dedicated their lives to the public good, never limiting themselves to
“Within 5 years the world’s best education will be available online and it will be free,” said George Mason University professor Tyler Cowen in a September 2013 interview. “Arguably that’s already the case.” When I heard the claim last summer, I took notice. I was and continue to be an undergraduate with a love for
Our series on The Good Economy of 2040 continues with MIT’s Andrew McAfee. To build a better economy over the next 25 years, McAfee says, we’ll need a more open immigration system that welcomes skilled workers. “When the world’s most talented, ambitious, tenacious, capable people want to come here and build their lives and their
The gender wage gap is a complex problem, and we’ll need to address factors like race and region to solve it. Although we are only a few months into 2015, it has already proven to be a watershed year for women’s rights around the world. On the heels of the International Women’s Day March for
Our tuition checks shouldn’t be going to pay off debts from Wall Street’s bad deals. The last few decades have not been kind to America’s local public institutions. Cities that once built state-of-the-art infrastructure are now struggling to fix potholes in the street. Public schools that were once the best in the world are lagging
The ghost of Lehman Brothers is still haunting colleges and universities around the country, continuing to extract money from institutions even though the financial firm itself is long dead. When Lehman Brothers Holdings declared bankruptcy in 2008, it was the fourth largest investment bank in the United States. The giant’s collapse was felt in all
Students Take on Local Challenges in Economic Development, Education, Health Care, and More in Roosevelt’s 2015 10 Ideas Journals
New York, NY: Today the Roosevelt Institute | Campus Network announced the release ofthe 2015 edition of 10 Ideas, its annual undergraduate policy journal series. Drawn from hundreds of submissions from college campuses across the country, 10 Ideas showcases the top student-generated policy solutions to a wide range of issues in the fields of economic
North Carolina continues to risk the health and economic wellbeing of its residents by refusing to use Master Settlement Agreement funds for tobacco prevention and control. Over the last 50 years, more than 20 million Americans have died prematurely as a result of smoking or exposure to second-hand smoke. In the same time period, however,
Medicaid expansion could bring relief to 190,000 uninsured North Carolinians with mental health conditions. Advocates for Medicaid expansion in North Carolina have the opportunity to add a new and urgent argument to their already robust arsenal – that Medicaid expansion will create a newly affordable option for thousands of individuals with mental health needs who
Last week, the House of Representatives and the U.S. Senate released budget proposals that include a slew of policy changes that would negatively impact young people’s ability to fully participate in the economy. The proposals would, among many other bad ideas, freeze funding on Pell Grants for 10 years and eliminate mandatory funding for
The major credit rating agencies’ decisions to downgrade the City of Chicago, Chicago Public Schools, and the Chicago Park District have put Chicago’s financial problems under the microscope. These downgrades are baseless because none of Chicago’s governmental units are actually in any danger of defaulting on their debt. Instead, the downgrades appear to be driven by a desire to advance
Wisconsin faces a revenue crisis after irresponsible tax cuts produced a huge budget deficit. State leaders are attempting to deal with the crisis though drastic cuts to vital infrastructure, such as public education. These proposed cuts follow years of reductions to these same crucial services. For years, Wall Street and other big corporations have engaged
Roosevelt @ U of Georgia is profiled on their campus’ website for being a highly active, impactful and sustainable chapter. UGA’s Roosevelt students have presented their white papers in Atlanta, Washington, D.C., and around the world. Congressmen and government officials have attended Roosevelt-sponsored symposiums on UGA’s campus. Read the full profile below.
On March 5, 2015, Campus Network Senior Fellow Brit Byrd testified before the New York City Council on the topic of vehicular traffic congestion and potential policy solutions. His written testimony is reproduced below. Good afternoon. My name is Brit Byrd. I am the Senior Fellow for Economic Development for the Roosevelt Institute | Campus
Efforts that connect police to the community in which they serve help to reduce encounters that lead to extrajudicial killings by police. In Darren Wilson’s grand jury testimony, he describes Michael Brown, an unarmed teen, as a “demon.” After he fired the first shot, Wilson says he heard a “grunting, like aggravated sound” coming from
Cutting Carbon in the Empire State of the South: a Policy Proposition for Putting Georgia Ahead of the Curve
Roosevelter Jonah Driggers co authored a paper encouraging Georgia to seriously address the threat of climate change. This paper argues that Georgia should establish itself as a leader in energy innovation and sustainability for both economic and social benefits. To this end, a literature review and subsequent cost-benefit analysis were conducted to evaluate the status
Click here to subscribe to updates from the Roosevelt Institute. The Roosevelt Institute has produced the Daily Digest five days a week since 2009, but its time has now come to an end. Today will be the final Daily Digest; however, we hope you’ll subscribe to our weekly e-mail updates to stay in the loop
It’s time for Congress to take an evidence-based and public health focused approach to the epidemic of opioid overdoses. Opioid overdose is an epidemic in the United States. Drug overdose death rates have more than tripled since 1990, with the vast majority of these deaths attributable to an increase in the prescription and sale of
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Why Companies are Rewarding Shareholders Instead of Investing in the Real Economy (WaPo) Lydia DePillis looks at Roosevelt Institute Fellow J.W. Mason’s new white paper on how the shift towards increased shareholder payouts since the 1980s has decreased corporate investment.
The president’s veto of Keystone XL was not the decisive step towards transforming the country’s energy usage that Millennials are looking for. In June 2013, President Obama revealed his carefully crafted litmus test for approving the Keystone XL pipeline, stating that the project’s effect on climate change would be the deciding factor in his decision.
New Research Finds Link Between Corporate Borrowing and Investment Severed as More Money Goes to Shareholders
Post-1980s Shift Toward Payouts Could Weaken Monetary Policy and Hurt the Real Economy New York, NY: A new white paper released today by the Roosevelt Institute finds that corporate borrowing has become strongly linked to increased shareholder payouts since the 1980s, while the correlation between borrowing and real investment has become much weaker. In the
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Annual Bank Profit Falls for First Time in Five Years (WSJ) Victoria McGrane says the trend is primarily because seven of the 10 largest banks posted lower earnings, while other parts of the banking sector, like community banks, are thriving.
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Free the Middle Class (USA Today) Senator Elizabeth Warren and Representative Elijah Cummings argue that bringing back a strong middle class requires government intervention. Even Better Than a Tax Cut (NYT) Continually cutting taxes won’t be possible if the government
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. GOP Health Plan Would Leave Many Low-Income Families Behind (The Hill) Roosevelt Institute Fellow Andrea Flynn explains how the Republican substitute for the Affordable Care Act would leave people with higher costs, worse coverage, and fewer protections. Walmart Sends Wage
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. College as a Catalyst for Civic Engagement (Medium) Roosevelt Institute | Campus Network member Zach Lipp builds on a recent column by Frank Bruni, arguing that liberal education should develop the skills of civic engagement, not just citizenship. Walmart Is
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Set the Wayback Machine for Housing Finance Reform, But to When? (CLS Blue Sky Blog) Roosevelt Institute Senior Fellow Brad Miller lays out the history of Fannie Mae and Freddie Mac to argue for a stronger government role in creating
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Big Lock-In (Medium) Roosevelt Institute Fellow Susan Crawford explains how Comcast is trying to dominate online video to the point where consumers wouldn’t even see that other alternatives exist. Aid to Needy Often Excludes the Poorest in America (NYT)
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Obama Shames Companies Who Don’t Want to Provide Health Insurance (Melissa Harris-Perry) As guest host on Melissa Harris-Perry, Roosevelt Institute Fellow Dorian Warren examines the president’s comments about a Staples policy that prevents workers from obtaining insurance. The State Where
In its first year, the Roosevelt @ Mason chapter was covered by George Mason’s Fourth Estate: “What’s so special about Roosevelt and about [our chapter] is that we believe in student ideas and discussions and talking about things and figuring our ideas out, but we also really believe in making an impact and taking ideas
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Cornell Roosevelt Institute to Beneﬁt From Grant (Cornell Daily Sun) Stephanie Yan reports on how the Roosevelt Institute | Campus Network’s MacArthur Award will impact the Cornell chapter, which will benefit from new national training programs. Philadelphia Joins the Growing
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. How Democratic Progressives Survived a Landslide (TAP) Bob Moser says that populist, localized campaign messages, not the party’s own turnout strategy, saved a few key Democratic races in the 2014 midterm elections. Roosevelt Take: Moser references Roosevelt Institute Senior Fellow
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Our partners at As You Sow are hosting a webinar on excessive executive compensation tomorrow at 2pm EST. Register here. Big Money Can’t Buy Elections – Influence is Something Else (Reuters) Roosevelt Institute Senior Fellow Jonathan Soros suggests stronger small-donor
Over the past week, it’s become clear that the real leverage the European authorities have over Greece is via the banking system. What does Greece need continued loans for? Not to pay for public expenditures, thanks to its primary surplus. Not to pay for imports — Greece has a (small) trade surplus. Not to service
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Stock Buybacks Are Killing the American Economy (The Atlantic) Nick Hanauer blames the high percentage of corporate profits going to stock buybacks for our slowed economy; that money could otherwise go to higher wages or new corporate investments. Obama and
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Under GOP Plan, Pay More for Junk Insurance, Leave More Uninsured (The Hill) Roosevelt Institute Senior Fellow Richard Kirsch breaks down the Republican plan for replacing the Affordable Care Act, which he says will allow barebones high-cost plans instead of
A youth advisory committee for the Department of Health and Human Services has the potential to reduce the costs of chronic disease for generations to come. In the United States, chronic diseases including heart disease, stroke, cancer, diabetes and obesity are among the most common, costly, and preventable of health problems. Half of all adults
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Youth Agenda a Glaring Omission in Rauner’s State of the State (State Journal-Register) Campus Network members Rachel Riemenschneider and Samuel Wylde point to the NextGen Illinois youth policy agenda as a collection of young people’s concerns that are being overlooked. Amherst College’s
Roosevelt Institute | Campus Network Wins MacArthur Award for Extraordinary Creativity and Effectiveness
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Winners of 2015 MacArthur Awards for Nonprofit Organizations (AP) The Roosevelt Institute | Campus Network is among this year’s recipients of the 2015 MacArthur Award for Creative and Effective Institutions. The Internet Is Back to Solid Regulatory Ground (NYT) Roosevelt
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. How Radical Change Occurs: An Interview With Historian Eric Foner (The Nation) Roosevelt Institute Fellow Mike Konczal interviews Eric Foner about teaching the Civil War online and the relevance of the Civil War and Reconstruction eras to our current political
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Budget Day Feels a Lot Like Groundhog Day (Marketplace) Roosevelt Institute Fellow Mike Konczal says that year after year, the president’s budget tried to compromise with Republicans from the start, but this year’s has broken off that routine. Obamacare is
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Don’t Trade Away Our Health (NYT) Roosevelt Institute Chief Economist Joseph Stiglitz argues that the Trans-Pacific Partnership’s intellectual property agreements will raise drug prices unnecessarily and slow innovation. Obama Veers Left (Politico) Ben White speaks to Roosevelt Institute Fellow Mike Konczal
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Wal-Mart’s Manufacturing Recovery? (The Hill) Roosevelt Institute Senior Fellow Damon Silvers says that Wal-Mart’s manufacturing initiative is really just an attempt to make people forget the company’s influence on offshoring jobs. Bernie Sanders Wants to Spend $1 Trillion on Infrastruture
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Census Says 16m U.S. Children are Living on Food Stamps, Double the Number in 2007 (The Guardian) One in five American children would go hungry without food stamps, writes Jana Kasperkevic, which makes continued Republican efforts to cut the program
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Hard Choices on Easy Money Lie Ahead for Fed Chief (WSJ) Janet Yellen’s second year as Federal Reserve Chair begins with the difficult task of creating consensus on raising interest rates, write Jon Hilsenrath and Pedro da Costa. U.S. Companies
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. No Snow Days for Low-Wage Workers (AJAM) Most low-wage workers don’t have the option of missing work during snowstorms, writes E. Tammy Kim, and may risk being fired if lack of public transit prevents them from getting there. Supreme Court
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Obama Declares Recovery of American Economy (UP with Steve Kornacki) Roosevelt Institute Chief Economist Joseph Stiglitz discusses the tax proposals in the State of the Union address, and explains where they could have done more to promote prosperity. Roosevelt Take:
Roosevelt Institute | Campus Network members and alumni weigh in on President Obama’s sixth State of the Union address. Brett Dunn, University of Alabama ’17: In the face of strong Republican opposition, President Obama made his stance on many controversial topics quite clear. He outlined his views on topics such as the minimum wage, equal
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Politics of Economic Stupidity (Project Syndicate) Roosevelt Institute Chief Economist Joseph Stiglitz says the economy’s “near-global stagnation” is the result of “stupid politics,” meaning austerity policies that slow demand. It’s ‘Pathetic’ What Politicians Have To Do To Stay In
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Obama’s Proposal On Inequality: Is It Enough? (Here & Now) Roosevelt Institute Chief Economist Joseph Stiglitz speaks to Jeremy Hobson about the State of the Union, emphasizing that the president’s proposals don’t go far enough. Is Net Neutrality the Real
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Problem With Obama’s Bold SOTU (MoJo) David Corn thinks President Obama needs to advance a stronger narrative about the GOP’s obstructionism preventing his policy agenda from becoming reality. In State of the Union Speech, Obama Defiantly Sets an Ambitious
Roosevelt @ George Washington University launched a successful campaign to advocate for the University to move part of it’s endowment to a community development bank. As an institution that seeks to promote civic engagement with the local community, George Washington University should invest at least $250,000 of its $224 million in cash equivalent holdings in
At GW, 20 student organizations came together to address race relations on campus following events in Staten Island, NY and Ferguson, MO. GW Ferguson Coalition members said they believe that after conversations about police discrimination reached the national level in the aftermath of events in Ferguson, Mo. and Staten Island, N.Y., it’s important to bring
There will be no new Daily Digest on Monday, January 19 in observance of Martin Luther King, Jr. Day. The Daily Digest will return on Tuesday, January 20. Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Barack Obama: The FDR of Internet Access? (Moyers & Company) Roosevelt Institute
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Daily Report (AM950 Radio) Roosevelt Institute Fellow Mike Konczal discusses his recent article about the benefits of the president’s free community college plan. Mike’s segment begins at 28:00. How Congress is Crippling Our Tax Collection System, in Charts (WaPo)
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Mario Cuomo, the Speech and the Challenge to Democrats Today (In These Times) Roosevelt Institute Senior Fellow Richard Kirsch and Dan Cantor point to Mario Cuomo’s vision of mutuality laid out at the 1984 Democratic National Convention as an example
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Democrats, in a Stark Shift in Messaging, to Make Big Tax-Break Pitch for Middle Class (WaPo) Lori Montgomery and Paul Kane explain Rep. Chris Van Hollen’s proposal, which is being pitched as the Democrats’ “action plan” for fighting income inequality.
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Did Obama Just Introduce a ‘Public Option’ for Higher Education? (The Nation) Roosevelt Institute Fellow Mike Konczal says free community college for all would be easier to run and more popular than means-tested financial aid models like Pell Grants. Why
Student groups at GW that self-publish – including The Globe, Omnibus, GW Undergraduate Law Review and Wooden Teeth – should align and form a council. By coming together as a student publication board, the self-publishing groups would be able to share the knowledge and skills they’ve accumulated. Many of these students need better support – and their best source
The President’s proposal for free tuition is exciting, but some parts of the plan may need revision if community colleges are going to be able to execute it. “We don’t expect the country to be transformed overnight, but we do expect this conversation to begin tomorrow.” The conversation President Obama’s domestic policy chief, Cecilia Munoz,
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Mike Konczal and David Beito Debate Charity vs. Government (Stossel) Roosevelt Institute Fellow Mike Konczal counters right-wing arguments that charity can take the place of government in protecting social welfare. Roosevelt Take: Mike explained his argument on the “voluntarism fantasy”
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Zero for Conduct (Medium) Roosevelt Institute Fellow Susan Crawford says “zero rating,” a practice of allowing mobile users to access a limited network of apps without data charges, is monopolistic and anti-innovation. Food Stamp Benefit Cut May Force a Million
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. U.S. House Votes to Adopt Contentious Changes to Cost Estimates (Reuters) Under new rules passed by the House, cost estimates on fiscal legislation will be measured using dynamic scoring, which could mask the impact of tax cuts, reports David Lawder.
Installing another Wall Street insider at the Treasury Department will only reinforce the administration’s anti-democratic approach to crafting economic policy. The opposition to the nomination of another investment banker, Antonio Weiss, to a top position in the U.S. Treasury is not just a demagogic appeal to anti-Wall Street prejudices, as his supporters argue. Weiss’s actual
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Nobel Laureate Stiglitz Blocked From SEC Panel After Faulting High-Speed Traders (Bloomberg News) Dave Michaels reports that Roosevelt Institute Chief Economist Joseph Stiglitz believes he was blocked from the advisory panel because he is not “owned” by the industry in
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Roosevelt Institute Fellow Saqib Bhatti’s proposal to allow the Fed to lend directly to municipalities is one of many ideas you can vote on in the Progress Change Institute’s Big Ideas Project. The top 20 ideas will be presented members
The Daily Digest is taking a break for the holidays. It will return on Monday, January 5, 2015. Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Americans Are Sick to Death of Both Parties: Why Our Politics Is in Worse Shape Than We Thought (Alternet) Roosevelt Institute Senior
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Markets Bounce After Yellen Announcement (Melissa Harris-Perry) As guest host, Roosevelt Institute Fellow Dorian Warren leads a roundtable discussion about how Janet Yellen’s statements are impacting the current economy. Wall Street Is Dismantling Financial Reform Piece by Piece (TNR) Friday’s
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Uncharted Interest Rate Territory (U.S. News & World Report) Jason Gold points out that since interest rates have been declining for 33 years, none of today’s lawmakers know quite what they’re in for when the Fed begins to raise rates
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Return of Subprime Lending (AJAM) Matt Birkbeck says a new wave of subprime mortgages appear to be following much stricter rules and have far less usurious interest rates, but regulators are still watching closely. Paid Maternity Leave Is Good
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Bloomberg Advantage: Konczal on Uber (Bloomberg) Roosevelt Institute Fellow Mike Konczal says that since most of the capital in Uber is in the cars, it’s hard to justify the software developers getting such a large chunk of profits. Senate
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Inequality and the American Child (Project Syndicate) Roosevelt Institute Chief Economist Joseph Stiglitz says the impact of economic inequality in the U.S. is even stronger on its children, who could be protected through the right policy changes. Taxpayers Could be
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Socialize Uber (The Nation) Roosevelt Institute Fellow Mike Konczal and Bryce Covert present a way to transform Uber into a company that would truly be part of a “sharing economy”: make it a worker cooperative. My Talk to the Roosevelt
A wide variety of people, ranging from Senators Elizabeth Warren and David Vitter to Representative Maxine Waters and FDIC’s Thomas Hoenig, are trying to stop a last-minute attempt to remove an important piece of financial reform. They are all speaking up against a move to repeal the Lincoln Amendment using language written by Citigroup in the year-end budget process.
Given the wide variety of people against it, it’s interesting how few people are for it. One of the few institutions that has defended it is the Bipartisan Policy Center (BPC), whose Financial Regulatory Reform Initiative released a statement saying:
“The Consolidated and Further Continuing Appropriations Act is consistent with BPC’s recommendations to repeal the Lincoln Amendment and to substantially increase funding for the SEC and CFTC.”
These recommendations they cite date back to a 2013 paper, “Better Path Forward on the Volcker Rule and the Lincoln Amendment,” that included arguments against pushing out swaps.
What’s their case, and does it hold up under scrutiny? We argue it does not. It misreads the purpose and scope of the Volcker Rule, disregards their own analysis on how financial reform should proceed, misses recent developments in the derivatives market, and ignores the issue of what an implicit government support means for exotic derivatives.
As a reminder, the Lincoln Amendment pushing out swaps (which we’ll refer to as 716) insists that the largest banks hold their exotic, customized, and non-cleared derivatives outside of their FDIC-insured entities in separately capitalized subsidiaries. 716 exempted most standardized derivatives, including interest rate and foreign exchange swaps, as well as cleared credit default swaps (CDS). This provision only applies to the odd and dangerous stuff.
So what are BPC’s arguments?
716 and Volcker Accomplish Different Goals
Their core argument is that 716 is redundant, and therefore unnecessary, because of the Volcker Rule. As they put it,“[L]ike the Volcker Rule, the Lincoln Amendment was intended to separate certain securities-related activities from traditional banking activities.” BPC further argues that with a “proper implementation of the Volcker Rule… the rationale for the Lincoln Amendment may no longer apply.”
This is not the case. The Volcker Rule is about risky activities, and focuses on eliminating the gambling risks associated with proprietary trading and exposure to certain types of investment funds. 716, on the other hand, is about risky products, and aims to reduce risk to the Deposit Insurance Fund (DIF) by utilizing separately capitalized entities for the riskiest derivatives.
While there is some overlap between the two, there are significant gaps. For instance, exemptions in the Volcker Rule allow some of the riskiest trades to be done within FDIC-insured entities — things like making markets in bespoke, exotic, uncleared credit default swaps. Indeed, walking away from the financial crisis with an attitude that uncleared credit default swaps are no big issue is quite troubling. This puts the Deposit Insurance Fund at risk.
716 complements Volcker by forcing the riskiest and most non-vanilla derivatives and CDS into a separately capitalized entity, something Volcker doesn’t do by itself. This helps protect the DIF in case a firm gets into trouble market-making bespoke trades that can’t be perfectly hedged – a Volcker-compliant activity.
The Final Volcker Rule Isn’t Fully Implemented
Shockingly, BPC is violating its own analysis with this recommendation. In the 2013 paper, BPC “recommends a wait-and-see approach regarding the Lincoln Amendment until more experience can be gained from the Volcker Rule.” Only then, if the full implementation of the Volcker Rule is working well, could the Lincoln Amendment “be repealed without any negative effect.”
It is disturbing that the BPC supports this removal of the Lincoln Amendment before the Volcker Rule is fully implemented in mid-2015, and even before we’ve had time to see how it impacts the financial markets. It’s not even clear how they are judging whether the Volcker Rule is working the way they want, given that the data and metrics they rely on so heavily have only just begun to be reported to regulators, and are non-public.
Shoving a bank-written addition into a budget bill, not unlike the CFMA of 2000 which helped create the crisis, is the exact opposite of a “wait-and-see approach.”
Pushout Doesn’t Harm Bank Resolution
Another argument made against 716 was that it would complicate the ability of regulators to deal with a bank failure. BPC points out that regulators are empowered to grant a temporary stay to derivatives, preventing derivative creditors from grabbing collateral while others wait two days, as they did with Lehman Brothers. (Under bankruptcy, derivatives are exempt from this temporary stay, which can complicate and accelerate bankruptcy.)
Part of the argument is true: Dodd-Frank did grant the FDIC new powers under the Orderly Liquidation Authority, which allows them to force a 24-hour stay on derivatives (overriding the exemption), but this only applies to banks under FDIC purview.
BPC argued that the largest banks should be allowed to keep derivatives inside the FDIC accounts, so that they could utilize the FDIC’s OLA power. BPC writes that the 716 “subsidiaries would not enjoy the temporary stay on the unwinding of contracts that applies to banks under FDIC resolution procedures. Rapid termination of such contracts in the event of a bank failure would have a disruptive impact on financial markets.”
But this argument is much less valid than it was when it was written, precisely because regulators are anticipating this problem. Eighteen of the major banks and the International Swaps and Derivatives Association (ISDA) agreed in October that they’d contractually apply temporary stays to derivatives. With wide agreement among the banks to apply temporary stays anyway, the proper course of action is to work through this process of standardizing derivatives for automatic stays across the financial sector, rather than trying to use taxpayer funds to backstop them.
Apart from the BPC arguments, we wish to raise an additional point:
Should Policy Allow Firms to Capitalize on Market-Perceived Subsidies?
Keeping derivatives in FDIC-insured entities lowers their costs: creditors charge lower rates, as FDIC accounts are seen as having the backing of the federal government. And these FDIC accounts typically have higher credit ratings, which is why, in 2011, Bank of America moved derivatives from its Merrill Lynch subsidiary, which had just suffered a downgrade, into its FDIC-insured subsidiary, much to the chagrin of the FDIC.
As Peter Eavis writes in The New York Times, this directly helps Citigroup, who lobbied for and wrote the change, as they own a lot of CDS: “With some $3 trillion of exposure, the bank is one of biggest default swap dealers in the United States. Those swaps right now live inside an entity called Citibank N.A. that enjoys federal deposit insurance. Nearly $2 trillion of those swaps are based on companies or other entities with a junk credit rating.”
And as Eavis points out, it’s very likely that a huge portion of Citigroup’s CDS are uncleared, as very few CDS overall are cleared: “Only about 10 percent of such swaps are centrally cleared, according to official surveys.”
Banks keeping derivatives in the FDIC accounts lower their cost of doing business, due to the market perception of an implicit government support. It should not be the role of policy to artificially lower the cost of bank borrowing, and as such we find the case for removing the Lincoln Amendment to be unconvincing.
Mike Konczal is a Fellow at the Roosevelt Institute.
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Democrats Revolt Against ‘Wall Street Giveaway’ In Deal To Prevent Government Shutdown (HuffPo) Zach Carter and Sabrina Siddiqui quote Roosevelt Institute Chief Economist Joseph Stiglitz on why a provision that will bring risky derivative trades under FDIC protection is a
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Millennials Need to Turnout Every Day, Not Just Election Day (Huffington Post) Joelle Gamble, National Director of the Roosevelt Institute | Campus Network, argues that young people want to be asked not just to show up to the polls, but
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Blows Against the Empire (Medium) Roosevelt Institute Fellow Susan Crawford praises the new “Stop Mega-Comcast Coalition” for uniting the voices of those who view the Comcast-Time Warner Cable merger as monopolistic. Fed’s Lockhart Still Favors Mid-2015 for First Fed Rate
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Chinese Century (Vanity Fair) Roosevelt Institute Chief Economist Joseph Stiglitz considers the implications of China becoming the world’s largest economy, particularly as the U.S. system perpetuates so much inequality. U.S. Jobs Report Beats Forecasts as 321,000 Positions Added in
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Poor Used to Have the Most Opportunity in America. Now the Rich Do. (WaPo) In the 1960s, the bottom 10 percent saw faster growth than the top 1 percent, but Matt O’Brien says policy has since promoted fundamental economic
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. An Overdue Fix to Overtime (Other Words) Roosevelt Institute Senior Fellow Richard Kirsch argues that raising the salary limit for mandatory overtime pay would help the underemployed, too, as they would likely get more hours. Study Finds Violations of Wage
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Steps Toward the “Good Economy” (Cato Institute) Roosevelt Institute Senior Fellow Bo Cutter presents “magic wand” solutions to two problems holding back the economy: declining business formation and an unprepared labor force. Pregnant and Forced Off the Job (MSNBC) In
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. What a Housekeeper at Harvard’s Hotel Tells Us About Inequality (WaPo) Lydia DePillis speaks to one of the housekeepers fighting for a union at a DoubleTree owned by Harvard and operated by Hilton. DePillis says that split makes organizing more difficult.
George Washington University students plan a 4.5-hour “die-in” at Kogan Plaza to protest the recent events in Ferguson, Missouri. A black person is shot by law enforcement every 28 hours, and there is no civilian oversight at any major police department in the U.S. The time to act on this is now – towns across
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Consumer Confidence Down Despite Economic Upswing (Melissa Harris-Perry) Roosevelt Institute Fellow Dorian Warren ties business support for a higher minimum wage to the drop in consumer confidence: business owners know people need money to spend. Five Economic Trends to Be
(Last updated Dec. 5, 2014) In the wake of the announcement that Ferguson police officer Darren Wilson would not stand trial for the shooting death of Michael Brown, members of our Networks shared their views on what’s unfolding in Missouri and what it means for us as a nation. Marissa Charlemagne, Campus Network member and
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Daily Digest is taking a short break for Thankgiving. It will return on Monday, December 1. Why Wal-Mart Workers Keep Using One-Day Strikes (Bloomberg Businessweek) Josh Eidelson explains that one-day strikes are on the rise because, while they don’t
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Wall Street’s Taxpayer Scam: How Local Governments Get Fleeced — and So Do You (Salon) Elias Isquith interviews Roosevelt Institute Fellow Saqib Bhatti about his new report on how governments can push back against Wall Street’s predatory deals. Food Pantries
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Fight for $15.37 an Hour (NYT) Steven Greenhouse explains how the Los Angeles Alliance for a New Economy won its campaign to get hotel workers in L.A. a significantly higher minimum wage. Elizabeth Warren Tells NY Fed President: Fix
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Teachers Union, Advocates Protest and Ask CPS to Act on Costly Borrowing (Chicago Tribune) Heather Gillers reports on a rally led by the Chicago Teachers Union, where Roosevelt Institute Fellow Saqib Bhatti urged the mayor to push hard on banks
New York, NY: Community groups in cities around the country are staging actions to call for greater transparency and accountability around predatory financial deals that have cost state and local governments billions and forced them to cut funding from essential services like public education. The groups are mobilizing around the release of a new report
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. New Scrutiny of Goldman’s Ties to the New York Fed After a Leak (NYT) The leak has led to questions regarding the conflict of interest that arises when people advise the same banks they used to regulate, write Jessica Silver-Greenberg,
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Whatever Happened to Overtime? (Politico Magazine) Nick Hanauer says that raising the earnings threshold for mandatory overtime pay would kickstart the economy by either ensuring workers have more money or forcing companies to hire more workers. Can Republicans Shut Down
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. How the Banks Bamboozled Chicago (Chicago Sun Times) Roosevelt Institute Fellow Saqib Bhatti explains how banks broke their contracts with the city of Chicago, and how Mayor Emanuel should respond to get that money back. Roosevelt Take: Today, Bhatti releases
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Why You Shouldn’t Marry for Money (The Nation) Roosevelt Institute Fellow Mike Konczal and Bryce Covert explain why the conservative idea of reducing poverty and inequality by promoting marriage won’t actually work. Nobel Prize-Winning Economist Reveals Why Robots Really Are
George Washington University is petitioning GW Treasurer Lou Katz and the University’s Finance Division to invest at least $250,000 in community development banks as part of their Bank on DC campaign. There is a great deal of growth in D.C. thanks to community development banks. See the full story here.
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Take 5: CTU’s Fight Against Risky Financial Deals, Ed Policy Under Rauner (Catalyst Chicago) Roosevelt Institute Fellow Saqib Bhatti criticizes the Chicago Public Schools for diving deeper into overly risky financial deals, which he says were misrepresented by the banks.
Roosevelt @ George Washington U junior, Shannon Quinn explains rape culture and how schools like GWU can combat it. Rape culture embodies the idea that violence against women is normalized and accepted in our society when it should really be anything but normal. Read the full story here.
Student leaders are pushing GW to invest money in two local banks required to stimulate the local economy, a plan they say will help develop run-down D.C. neighborhoods. GW’s financial resources can be utilized to provide access to financial services in communities that have traditionally been underserved, making GW an even more effective partner in
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Ebola and Inequality (Liberian Observer) Roosevelt Institute Chief Economist Joseph Stiglitz says the Ebola crisis reveals the absolute need for a government role in health care. Drug companies aren’t creating cures for diseases that primarily impact the poor. Don’t Forget
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Selling Fast (Boston Review) Roosevelt Institute Fellow Mike Konczal reviews three books, using the first, a history of the shift from commission-based public service to salaries, as background for the later two, on recent changes to policing and teaching. Obama’s
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. There will not be a new Daily Digest on Tuesday, November 11, in observance of Veterans Day. The Daily Digest will return on Wednesday, November 12. The Fight Against Obamacare Continues (Melissa Harris-Perry) Roosevelt Institute Fellow Dorian Warren says that
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Most Expensive Off Year Election in History (Real News Network) Roosevelt Institute Senior Fellow Thomas Ferguson says that the huge sums spent on this election created races in which the Democrat sounded as corporate as the Republican. What Democrats Get
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Understanding the Electorate (All In with Chris Hayes) Roosevelt Institute Fellow Dorian Warren says that political parties need to figure out a way to engage voters outside of the electoral cycle if they’re going to increase turnout in the midterms.
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Will the GOP Make a Move on Minimum Wage? (MSNBC) Roosevelt Institute Fellow Dorian Warren suggests that the business wing of the Republican Party could push for a higher minimum wage because of stagnant demand. GOP: From Shutdown Villains to
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Latest Debate Over Taxing the Rich Misses One Crucial Fact (The Nation) Roosevelt Institute Fellow Mike Konczal and Bryce Covert point out that taxes don’t just bring in revenue: they alter the very structure of the economy, including incentives
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Cliff and the Slope (Medium) Roosevelt Institute Fellow Susan Crawford breaks down a new study explaining how Internet service providers’ fights with Netflix have caused major connectivity problems for unrelated users. Janet Yellen’s Remarks Trigger Inequality Debate (MSNBC) Ned
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Sister City Relationships Boost Business in Chicago, Phoenix and S.F. (Next City) Roosevelt Institute | Campus Network Senior Fellow for Defense and Diplomacy Nehemiah Rolle examines how these relationships allow cities to be power players in the global economy. Why
Alternatives to bail won’t just reduce overcrowding in jails: they will create a more just justice system. There is a bill pending in the Massachusetts House Committee on Ways and Means to build a bail jail in Middlesex County. Led by Representative Kay Khan (D-Newton), H.1434 proposes for a new facility for women charged of
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Digital Divide Exacerbates U.S. Inequality (Financial Times) David Crow quotes Roosevelt Institute Fellow Susan Crawford on how the digital divide contributes to inequality in light of new data on broadband access throughout the country. High-income Households Pay a Large Share
A new program offering career-focused bachelor’s degrees at California Community Colleges could begin to shift the combined higher education and employment crises in the state. “Education is the key to unlock the golden door of freedom.” George Washington Carver Living in a society where possessing a college degree is key to securing a well-paying job,
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Fed Can Influence Banks to Spread Opportunity (NYT) Roosevelt Institute Chief Economist Joseph Stiglitz writes that the Federal Reserve should hold back on interest rate increases until wage growth has made up for workers’ recession losses. How ‘Flexible’ Schedules Have
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Understanding the CEO Pay Debate: A Primer on America’s Ongoing C-Suite Conversation (Roosevelt Institute) In their primer, Roosevelt Institute Fellow Susan Holmberg and Campus Network member Michael Umbrecht suggest a shift away from shareholder primacy to reduce incentives for high
Download the primer by Susan Holmberg and Michael Umbrecht. The problem of rising CEO pay is an extraordinarily complex and contested issue. This primer on CEO pay serves to unpack this complicated topic by a) explaining the problems with CEO pay, including the harm it imposes on workers, businesses, and society; b) highlights some of
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Dodd-Frank Spawns Software to Comprehend Dodd-Frank (Marketplace) Sabri Ben-Achour speaks to Roosevelt Institute Fellow Mike Konczal and others about the complexity of the Volcker Rule. Mike says the scrutiny of the courts has made some rules clunkier than necessary. Unions
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Seeds of a New Labor Movement (TAP) Harold Meyerson profiles David Rolf of SEIU and his work to push labor organizations beyond collective bargaining to incorporate minimum wage fights and other organizing work. Roosevelt Take: Roosevelt Institute Senior Fellow
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Baby on Way, Worker Gets Her Job Back (NYT) Angelica Valencia was fired when doctor’s orders limited her from overtime during her pregnancy, but was helped by New York City’s Pregnant Workers Fairness Act, writes Rachel Swarns. Work-Sharing: A Socialist
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Iowa’s Tea Party Disaster: Joni Ernst’s Shocking Ideas About the Welfare State (Salon) Elias Isquith references Roosevelt Institute Fellow Mike Konczal’s Democracy Journal article on voluntarism to explain why Ernst is so wrong about the place of charity in the
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Nobel-Winning Message for the FCC (Bloomberg View) Roosevelt Institute Fellow Susan Crawford asks whether Jean Tirole’s new Nobel Prize might convince the Federal Communications Commission to reconsider his work on regulating communications utilities. Retail Group’s Report Aims to Counter Wage
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. America’s Fastest-Growing Profession is Joining a Very Public Fight for Higher Wages (WaPo) Lydia DePillis looks at the differences in home health aides’ fight for “15 and a union” when compared to fast food workers. For one, most home health
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Age of Vulnerability (Project Syndicate) Roosevelt Institute Chief Economist Joseph Stiglitz points out that inequality isn’t just about lack of upward mobility, but also risk of downward mobility, and the U.S. economy has made people particularly vulnerable. The Score:
Please note: There will not be a new Daily Digest on Monday, October 13, in observance of Indigenous People’s Day. The Daily Digest will return on Tuesday, October 14. Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Connected Feminism Shows A Muscular Commitment To Change – And Civil
Will Work With Other Roosevelt Experts to Address Economic Inequality and Financialization New York, NY: The Roosevelt Institute announced today that Brad Miller has joined its Four Freedoms Center as its newest Senior Fellow. Prior to joining Roosevelt, Miller served for a decade in the U.S. House of Representatives, representing North Carolina’s 13th district, and
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Top 400 U.S. Billionaires’ Wealth Equals Brazil’s GDP (Real News Network) Roosevelt Institute Senior Fellow Rob Johnson comments on this data point from Forbes, noting that the social dysfunction caused by this kind of inequality isn’t hitting the wealthy yet.
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. City Hall’s Inaction on Interest-Rate Swaps Is Indefensible (Chicago Sun-Times) In a letter to the editor, Roosevelt Institute Fellow Saqib Bhatti points out what the Sun-Times missed in defending Mayor Emanuel’s inaction to recover funds from these toxic deals. Changing
Click here to receive the Daily Digest via email. Is Wall Street Making a Killing Off Cities’ Debt? (Next City) In an illustrated essay, Susie Cagle shows how Wall Street profits off swap deals tied to cities’ municipal bonds. Roosevelt Institute Fellow Saqib Bhatti explains pension obligation bonds. Will the UN’s New Development Goals Downplay
At the NextGen Illinois conference, Campus Network leaders found a policy space shaped entirely by young people. Last Saturday, the Midwest Regional Team of the Roosevelt Institute | Campus Network met in Chicago to attend the NextGen Illinois conference, the culmination of months of discussion, caucuses, and ideas from around Illinois. NextGen IL, an initiative
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Are Obama’s New Corporate Tax Rules Working? (Melissa Harris-Perry) As guest host, Roosevelt Institute Fellow Dorian Warren moderates a discussion of corporations’ attempts to dodge paying taxes through loopholes like inversion. Unemployment is Finally Under 6 Percent, But Don’t Expect
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. GOP Senators: Don’t Raise Home Care Worker Wages (The Hill) Ramsey Cox reports that this group of Senators claims giving home care workers minimum wage is unaffordable because of increased costs for Medicaid. S.F., Oakland at Forefront of U.S. Minimum
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. This Edition: K. Sabeel Rahman, Four Freedoms Center (Eldridge & Co.) Ronnie Eldridge speaks with Roosevelt Institute Fellow Sabeel Rahman about why democracy isn’t working right now. He says public policy is mostly responding to the needs of the wealthy.
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Arkansas Internet Law Gouges Schoolkids (Bloomberg View) Roosevelt Institute Fellow Susan Crawford says support for the current law, which prohibits Arkansas from connecting K-12 schools to its high-speed fiber network, puts telecoms’ profits ahead of kids. Long-Term Jobless Perfectly Employable,
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Score: Why Prisons Thrive Even When Budgets Shrink (The Nation) Roosevelt Institute Fellow Mike Konczal and Bryce Covert look at the growth of incarceration even in times when presidents preach against “big government,” which the prison system certainly is.
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. GWU Students Tackling Income Inequality in Their Own Backyard (USA Today) Campus Network Northeast Regional Coordinator Areeba Kamal profiles the George Washington University chapter’s Bank on DC initiative, which asks the university to invest at least $250,000 in a community
Students at GWU plan to funnel resources to underserved sections of their own college town, by directing a portion of GWU’s cash holdings to Community Development Banks (CDBs). Our only request is for GWU to shift (a small portion of their) cash holdings from a traditional bank to a bank that will make our surrounding community
None of the candidates for major statewide office in Georgia are talking about carbon emissions or climate change, despite major new policy from the EPA that will make these issues central to their terms in office. The Environmental Protection Agency’s groundbreaking new carbon emissions proposal hedges some pretty hefty bets: the new rules require the
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. On Campus (HuffPost Live) Caitlyn Becker speaks to Yvonne Montoya, President of the Santa Monica College chapter of the Campus Network, about her chapter’s work to get food stamps accepted on campus. Her segment begins at 19:20. New Deal Liberalism
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Why Wall Street Cares About Inequality (WSJ) Major Wall Street institutions like Standard & Poor’s and Morgan Stanley have put out reports on income inequality. Pedro Da Costa says it’s because these companies see what’s holding back the economy. Treasury
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Pay Pressure (Financial Times) In a survey of economists about how to jump-start wage growth, Roosevelt Institute Chief Economist Joseph Stiglitz calls for fiscal stimulus, a minimum wage increase, and tax incentives for labor-intensive investment. Holder Launches Historic Study on
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Catholic Nuns Take On Dark Money In Politics With Nationwide Bus Tour (ThinkProgress) Sister Simone Campbell, the 2013 FDR Four Freedoms Awards laureate for Freedom of Worship, is leading a new Nuns on the Bus tour, this time focused on
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. From #Ferguson to #OfficerFriendly (Bloomberg View) Roosevelt Institute Fellow Susan Crawford explains what the New York Police Department will need to do in order to make its new social media initiatives successful. Census Report Shows Rise in Full-Time Work, Undercutting
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Fighting Inequality in the New Gilded Age (Boston Review) Roosevelt Institute Fellow Sabeel Rahman reviews three new books that ask who is engaging in democracy and how they are doing so in light of today’s economic inequality. Home Free? (New
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Overpaid CEO (Democracy) Roosevelt Institute Fellow Susan Holmberg and Mark Schmitt argue that exorbitant executive pay cannot be addressed without reconceptualizing a corporation as more than just an agent of its shareholders. Independence Has Costs and Benefits (The Scotsman)
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Hillary Clinton Seeks End to Gender Violence by Terrorist Groups (CBS News) Clinton also spoke about issues of violence against women in the U.S., reports Hannah Fraser-Chanpong, reiterating her stance that domestic violence requires criminal, not cultural, responses. White House
In September 2014, the Roosevelt Institute hosted the Women and Girls Rising: Historical Reflections and Future Prospects conference at the Ford Foundation in New York City. The two-day convening was an opportunity for policymakers, activists and scholars to strategize about how to ensure that women and girls around the world have the rights and opportunities
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. How One Student is Fighting the College Hunger Crisis (MSNBC) Ned Resnikoff profiles Yvonne Montoya, President of the Santa Monica College chapter of the Roosevelt Institute | Campus Network, and her work to get food stamps accepted on campus. A
Ned Resnikoff interviews Yvonne Montoya on her project to fight hunger on campus. She began reaching out to other colleges and universities in California, asking how many of them already mandated acceptance of food stamp benefits on their campuses. Out of the 16 schools she called, none of them had such a policy. When Montoya
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Bright Future Chicago Pushes for Universal Preschool (Chicago Tonight) Roosevelt Institute Fellow Saqib Bhatti explains one way that universal preschool could be funded: Chicago could pursue legal claims against banks for bad interest rate swap deals. Jerry Brown Signs Bill
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Why We Need a Left Wing Tea Party (The Daily Beast) Sally Kohn calls on progressive factions to follow the Tea Party’s lead and throw all their weight behind uncompromising candidates who are strong on every progressive issue. Roosevelt Take:
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Republican Playbook for Cutting Anti-Poverty Programs (The Nation) Roosevelt Institute Fellow Mike Konczal and Bryce Covert write that block grants, like those that make up Paul Ryan’s anti-poverty proposal, effectively freeze funding for their programs. Can Republicans Be Convinced
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. To Improve ‘Obamacare,’ Reconsider the Original House Bill (AJAM) Roosevelt Institute Fellow Mike Konczal argues that the House’s public option for health care reform, which was missing from the Senate bill that became law, would greatly strengthen the Affordable Care
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Roosevelts to the Rescue (NYT) In light of Ken Burns’ upcoming documentary The Roosevelts: An Intimate History, Timothy Egan considers what President Obama could learn from the Roosevelts’ lives and political challenges. Cities Will Lead the Nation’s Technological Advances (FedScoop)
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Fighting Corporate Inversion at the City Level (Next City) Roosevelt Institute | Campus Network National Director Joelle Gamble argues for linking tax exemptions to local stakeholder governance on corporate boards to increase corporations’ ties to their communities. Guards Need Job
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Democracy in the Twenty-First Century (Project Syndicate) Roosevelt Institute Chief Economist Joseph Stiglitz says that wealth inequality, thrown into the spotlight by Thomas Piketty, is the result of government-supported distortion of the market. A Competition to Make the City More
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Just Who Did Build America? (Melissa Harris-Perry) Roosevelt Institute Fellow Dorian Warren says that if the Republican Party is to survive, it needs to accept that immigrants continue to be key players in U.S. economic success. Want Better, Smaller Government?
There will not be a new Daily Digest on Monday, September 1, in observance of Labor Day. The Daily Digest will return on Tuesday, September 2. Click here to receive the Daily Digest via email. Who Stands to Benefit from San Diego’s Minimum Wage Hike (Voice of San Diego) Lisa Halverstadt speaks to Roosevelt Institute
Click here to receive the Daily Digest via email. Time Warner Cable Internet Outage Affects Millions (Vanity Fair) Kia Makarechi speaks to Roosevelt Institute Fellow Susan Crawford, who says that lack of competition and oversight leads to problems like yesterday’s Internet outage on the East Coast. How Obamacare Can End Bloated CEO Pay (Fortune) A
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. A New Reason to Question the Official Unemployment Rate (NYT) A new report says that unemployment data has become less accurate over the past 20 years, in part because of declining survey response rates, writes David Leonhardt. Objecting to Austerity,
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Cutting the Corporate Tax Would Make Other Problems Grow (NYT) Jared Bernstein counters recent suggestions for eliminating the U.S. corporate income tax by pointing out the extreme difficulty of capturing that revenue through personal income taxes. Roosevelt Take: Roosevelt Institute
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. You Thought the Mortgage Crisis Was Over? It’s About to Flare Up Again (TNR) With a large number of mortgage relief measures scheduled to end in the coming year, David Dayen says that many foreclosures will seem as though they
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Shareholders, Public Deserve Tax Transparency (WaPo) Catherine Rampell argues that requiring publicly traded companies to make their tax returns public would cause companies, over time, to invest fewer resources in tax avoidance. Homeowner Help Remains Elusive in $16.5bn Bank of
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. How a Widely Beloved Tax Deduction Really Just Benefits the Well-Off and Exacerbates Inequality (TAP) The mortgage interest deduction primarily benefits those who make at least $100,000 a year, and dwarfs funding for housing programs for the poor, writes Alex
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Ferguson’s Race Injustices Have Their Roots in Economic Inequality (The Guardian) Suzanne McGee ties the situation in Ferguson, MO to the severe economic inequality facing the Black community in the U.S., which she says limits Black access to political power
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Among the Poor, Women Feel Inequality More Deeply (NYT) The burden of inequality falls more heavily on poor women, says Patricia Cohen, because they are more likely to be raising a family and get little support for the “second shift”
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Did Obama’s Response to Ferguson Fall Short? (Melissa Harris-Perry) Roosevelt Institute Fellow Dorian Warren questions why President Obama has avoided unequivocal language to condemn the police state in Ferguson. His segment begins at 6:40. Why the Liberal Love for Rand
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Social Security Marks 79th Birthday with Declining Service (WaPo) Joe Davidson says that the Social Security Administration continues to aim for providing “the best possible service for the American public,” but budget and staffing cuts have hampered that goal. Roosevelt
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Racial Discrimination Alive and Well in Reproductive Healthcare (The Hill) Roosevelt Institute Fellow Andrea Flynn looks at racial disparities in access to health care in the U.S. in light of the U.N.’s periodic review of countries’ work to dismantle racism.
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. America’s Social Safety Net is Failing Workers in the ‘Gig Economy’ (The Week) Particularly in today’s economy of short-term gigs, contract work, and other forms of precarious employment, Sarah Jaffe says the current system of unemployment benefits isn’t cutting it.
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Is Worker Ownership a Way Forward for Market Basket? (Truthout) Gar Alperovitz says the current protests at Market Basket are a sign of the desire for community and worker-friendly businesses, which he suggests are easier to achieve with employee ownership.
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Your Call: The U.S.-Africa Summit and Corporate Taxes (KALW) Roosevelt Institute Fellow Mike Konczal discusses President Obama’s interview with The Economist, and explains the administration’s relationship with big business. His segment begins at 34:00. Libertarian Fantasies (NYT) Paul Krugman says
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Paul Ryan’s Magical Thinking (The Baffler) Paul Ryan’s belief that poverty is rooted in personal failure isn’t the only problem with his anti-poverty plan, writes Ned Resnikoff. It’s also impractical to implement and too easily abused. An Interview With the
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. How Gender Changes Piketty’s ‘Capital in the Twenty-First Century’ (The Nation) Roosevelt Institute | Campus Network National Director Joelle Gamble joins The Nation‘s roundtable on feminism and the economy to discuss how Piketty’s findings affect women and people of color.
Rethinking Communities Toolbox
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Mind the Gap: S&P Offers Sharp Economic Warning, Dull Fix (AJAM) Gregg Levine speaks to Roosevelt Institute Fellow Mike Konczal, who is critical of Standard & Poor’s for framing education as the solution to economic inequality, as though a degree
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Real Solution to Wealth Inequality (The Nation) Roosevelt Institute Fellow Mike Konczal and Bryce Covert write that instead of trying to increase individuals’ purchasing power, basic needs should just be taken off the market altogether. Why Is the Economy
The Next American Economy project brought together 30 experts from various disciplines to envision tomorrow’s economic and political challenges and develop today’s solutions. Their assignment: be bold, and leave the conventional wisdom — and their own opinions — behind. In today’s video, Brookings senior fellow Amy Liu posits that municipal goverments will take the lead on innovation
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Obama’s Other Success (NYT) Dodd-Frank financial reform is proving more successful than expected, writes Paul Krugman. He cites Roosevelt Institute Fellow Mike Konczal in debunking the claim that the law created permanent bailouts. The NFL Cheerleaders Should Be Your Fair-Pay
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. An In-Depth Look at Campaign Finance Reform (MSNBC) In this extended online segment, Roosevelt Institute Fellow Dorian Warren speaks with Zephyr Teachout about using multiple matching funds as a tool to increase the power of small donors. Playing the ‘Who’s
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. IRS Failing to Regulate Dark-Money Political Spending (Real News Network) Roosevelt Institute Senior Fellow Thomas Ferguson explains how reduced funding for the IRS is preventing the agency from properly determining what groups need to report political spending. 3 Reasons Subsidized
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Civic Tech and Engagement: How City Halls Can Help Construct Stronger Neighborhoods (Tech President) Roosevelt Institute Fellow Susan Crawford says that local governments demonstrating responsiveness through technology can improve public trust. Health Insurers Press to Exempt Millions From ACA (The
Yesterday, the general counsel of the National Labor Relations Board ruled that McDonald’s is a joint employer for the workers at its franchises, meaning that the corporation could be held liable for any labor and wage violations that occur at its individual restaurants.
The decision, says Roosevelt Institute President and CEO Felicia Wong…
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Companies Proclaim Water the Next Oil in a Rush to Turn Resources into Profit (The Guardian) As the CEO of Nestle publicly declares that any water beyond survival needs should be paid for, Suzanne McGee considers the potential horror story
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Poor Parents Need Work-Life Balance Too (The Nation) Michelle Chen says that without the flexibility of scheduling offered by white-collar jobs, workers in the service industries face volatile schedules that disrupt family lives. Fast-Food Workers Intensify Fight for $15 an
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Debunking the Bad Science on Abortion and Women’s Health (The Hill) Roosevelt Institute Fellow Andrea Flynn explains the truth behind the anti-abortion myths that are presented as fact by lawmakers who pass legislation that harms women’s health. Setting the Table
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Pay-for-Performance Myth (Bloomberg Businessweek) Eric Chemi and Ariana Giorgi report on a new analysis of data on the relationship between company performance and CEO pay, which shows no relationship between the two factors. Roosevelt Take: In his white paper, William
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Ignore the Naysayers: Dodd-Frank Reforms Are Finally Paying Off (TNR) The past year has seen important successes, like higher capital requirements, writes Roosevelt Institute Fellow Mike Konczal, and the next steps for financial reform are getting clearer. We’re Arresting Poor
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. All Aboard for Net Neutrality (In These Times) Cole Stangler quotes Roosevelt Institute Fellow Susan Crawford as he makes the case that the FCC should stop dancing around net neutrality and embrace common carrier regulation of the Internet. Are Auto
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Not Your Father’s Electorate (Richard Heffner’s Open Mind) Roosevelt Institute Vice President of Networks Taylor Jo Isenberg discusses the issues that young female voters are focused on today, zeroing in on economic concerns like paid leave. The FCC Wants to
ReFund America Project to provide a dedicated campaign team to help local organizations restore the balance of economic power to Main Street New York, NY: Saqib Bhatti has joined the Roosevelt Institute to lead the ReFund America Project, the Institute announced today. ReFund America tackles the ongoing impact that the financial crisis has had on
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Nobel Economist Joseph Stiglitz Hails New BRICS Bank Challenging U.S.-Dominated World Bank & IMF (Democracy Now) Roosevelt Institute Chief Economist Joseph Stiglitz says this bank will support the developing world’s needs, and reflects fundamental shifts in global economic power. Port
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Why This One UN Report on Sustainable Development is Different from the Rest (UN Dispatch) Campus Network Senior Fellow for Defense and Diplomacy Nehemiah Rolle says the Global Sustainable Development Report incorporates a broad array of both science and policy
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. A Biased Report on the Minimum Wage? (East Bay Express) Darwin BondGraham speaks to Roosevelt Institute Fellow Annette Bernhardt, who says a study criticizing plans for a $12.25 minimum wage in Oakland used bad methodology. Obama Administration Urges Immediate Action
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. 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
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Why Volkswagen Agreed to UAW Local at Its U.S. Plant (USA Today) G. Chambers Williams III explains the decision to create a local union at the Chattanooga VW plant despite the United Auto Workers’ narrow loss in a February worker
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Government Should Invest in Fiber Optics (NYT) Roosevelt Institute Fellow Susan Crawford writes that U.S. cities can increase competition and expand affordable high-speed Internet access to all residents by building municipal fiber networks. Gap Between Minimum Wage and Tipped Wage Hits Record
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Banks that Actually Serve Communities, What a Novel Idea (Philanthropy New York) Roosevelt Institute Fellow Saqib Bhatti explains how community banks, unlike their national Wall Street-based counterparts, keep profits and funds in the community, where they support growth. Port Truckers’
Through participatory budgeting, Detroit could bring its resident’s hyper-local expertise to the revitalization process. The city of Detroit is suffering. It has the highest unemployment rate of the nation’s largest cities at 23 percent, the highest poverty rate at 36.4 percent, and has been listed by Forbes as America’s most dangerous city for five years
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. America Gets Summer Vacation All Wrong (U.S. News & World Report) Pat Garofalo points out the dissonance between long summer vacations for students, which lead to learning losses, and the United States’ lack of paid vacation time for workers. Roosevelt
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Stiglitz: I’m ‘very uncomfortable’ with current stock levels (CNBC) Roosevelt Institute Chief Economist Joseph Stiglitz emphasizes the difference between a strong stock market and overall economic strength, reports Antonia Matthews. Roosevelt Take: William Lazonick looks at the link between the
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. On This Fourth of July, Meet Your Unpatriotic Corporations (The Nation) Greed comes far before patriotism for companies that reincorporate abroad to avoid paying their fair share of taxes, writes Roosevelt Institute board member Katrina vanden Heuvel. Students Joining Battle
Large donors dominate our politics even at the local level, but communities have the power to overcome them. Last summer, I interned for mayoral candidate Gary Holder-Winfield in New Haven, CT. New Haven is not a small town. While it’s 130,660 residents pale in comparison to New York’s 8,405,837, it is a major city in
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Myth of America’s Golden Age (POLITICO Magazine) Growing up in Gary, Indiana gave Roosevelt Institute Chief Economist Joseph Stiglitz early insight into inequality, which is a result of politics and not an economic inevitability, he says. Presidential Appointments Were
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Wall Street and Washington Want You to Believe the Stock Market isn’t Rigged. Guess What? It Still Is (The Guardian) Heidi Moore says investment in the stock market isn’t down due to low investor confidence, but because more people are
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Devastating, Lifelong Consequences of Student Debt (TNR) Roosevelt Institute Fellow Mike Konczal points out that the student debt crisis isn’t about monthly payments, as the Brookings Institution suggests, but the life choices necessitated by debt. What if We Treated
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. 21st Century Democrats: Konczal on GOP Misunderstanding Charity (America’s Democrats.org) Roosevelt Institute Fellow Mike Konczal discusses his article on “The Voluntarism Fantasy,” the false idea that private charity could provide for the needs of the poorest Americans. Get Sick, Get
Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. Housing Market Falters Amid Rising Prices, Lower-Paying Jobs (Bloomberg) Kathleen M. Howley reports on new, weaker forecasts for the housing market, and blames slow labor growth, which is primarily in low-wage jobs, and stagnant wages. Poll: Fewer Americans Blame Poverty
Click here to subscribe to Roosevelt First, our Monday through Friday morning email featuring the Daily Digest. Chicago Is Your Big (Friendly) Brother (Bloomberg View) Roosevelt Institute Fellow Susan Crawford explains Chicago’s new plan to collect and make public data that could improve local quality of life, like precise pollution levels. Does He Pass the
Click here to subscribe to Roosevelt First, our Monday through Friday morning email featuring the Daily Digest. College is Ruining Lives! How to Stop Student Debt’s Paralyzing Spiral (Salon) David Dayen calls for free tuition at public colleges and universities, and for the federal government to stop using private student loan servicers that put profits
Click here to receive the Daily Digest via email. Study: The Higher the Pay, the Worse the CEO (Vocativ) Daniel Edward Rosen looks at a study from the University of Utah, which shows that companies that pay CEOs more than $20 million a year have average annual losses over $1 billion. Roosevelt Take: Roosevelt Institute
Click here to subscribe to Roosevelt First, our Monday through Friday morning email featuring the Daily Digest. Obama Making Bold Move on ENDA Protections (MSNBC) Steve Benen says the President’s executive order protecting LBGT federal contractors could be an attempt to push Congress to act on broader anti-discrimination legislation. Roosevelt Take: Former Roosevelt Institute |
Click here to subscribe to Roosevelt First, our Monday through Friday morning email featuring the Daily Digest. New Study Shows Who Wins if Oakland Hikes Minimum Wage (San Francisco Business Times) Eric Young reports on a study coauthored by Roosevelt Institute Fellow Annette Bernhardt, which shows 48,000 workers could benefit if Oakland approves a $12.25
Targeted public policy could help with many of the problems students face that their teachers can’t solve alone. My parents, both teachers, often blurred the line between being parents and being educators. Luckily, I found academics to be second nature. As a result, my teachers in the local public school system served as valuable role
Click here to subscribe to Roosevelt First, our Monday through Friday morning email featuring the Daily Digest. CEO Pay Up by 937% Since 1978. That of the Typical Worker? 10.2% (AJAM) Peter Moskowitz looks at a new study from the Economic Policy Institute, which finds that CEO pay is even outstripping the earnings of other
Click here to subscribe to Roosevelt First, our Monday through Friday morning email featuring the Daily Digest. Time to Bring Back the Public Option — Medicare in All Exchanges (The Hill) Roosevelt Institute Senior Fellow Richard Kirsch says that as the discussion of Obamacare shifts from repeal to reform, the first improvement should be expanding
Click here to subscribe to Roosevelt First, our Monday through Friday morning email featuring the Daily Digest. Don’t Let Sprint Buy T-Mobile (Bloomberg View) Roosevelt Institute Fellow Susan Crawford says that allowing Sprint to buy its way to a higher share of the cell phone market won’t improve service for customers. Goldman Sachs CEO: “Income
Today, the Roosevelt Institute, The Century Foundation, and the Academic Pediatric Association are hosting “Inequality Begins at Birth: Child Poverty in America,” a conference discussing solutions to help the nation’s most vulnerable. Senator Cory Booker will be the keynote speaker. Watch the livestream here. Click here to subscribe to Roosevelt First, our Monday through Friday morning
Click here to subscribe to Roosevelt First, our Monday through Friday morning email featuring the Daily Digest. How Tax Reform Can Save the Middle Class (Moyers & Company) Roosevelt Institute Chief Economist Joseph Stiglitz and Bill Moyers continue their discussion of Stiglitz’s new white paper on how tax reform can reduce inequality and promote prosperity.
Click here to receive the Daily Digest via email. What Happens When Low Wage Workers Suddenly Get a Living Wage? (Gothamist) Christopher Robbins speaks to workers at a successful casino in Queens, New York, whose wages nearly doubled last October when they unionized. Stay-At-Home Dads On The Rise, And Many Of Them Are Poor (NPR)
Click here to receive the Daily Digest via email. CEO Performance Pay is Bad for Everyone Except CEOs (Next New Deal) Roosevelt Institute Senior Fellow Richard Kirsch agrees with William Lazonick: rewarding workers and taxpayers for a firm’s success would be better for the economy than soaring CEO pay. Roosevelt Take: Lazonick’s new white paper,
Over the past three decades, U.S. executive pay has exploded. In 2012, the 500 highest paid executives in Standard and Poor’s ExecuComp database (drawn from company proxy statements) averaged $30.3 million in total compensation, with 42 percent from stock options and 41 percent from stock awards. This amount of compensation is almost three times the
Click here to receive the Daily Digest via email. $15 Is the New $10.10 (U.S. News & World Report) Paul K. Sonn argues a nationwide $15-per-hour minimum wage is both feasible and necessary in order to generate enough spending power to sustain the economy. Just How Big Are CEOs’ Packages? (In These Times) Leo Gerard
Click here to receive the Daily Digest via email. Seattle Enacts $15 Minimum Wage, a Phased In Big Dream (Seattle Post-Intelligencer) Joel Connelly reports on the city council’s passage of the highest minimum wage in the country, and the conflicts that arose along the way. Colleges Are Buying Stuff They Can’t Afford and Making Students