Roosevelt Institute

The Roosevelt Institute champions bold policy reforms capable of redefining the American economy and our democracy. Roosevelt is armed with a transformative vision for the future, working to move the country toward a new economic and political system: one built by many for the good of all. Follow us on Twitter @rooseveltinst and like us on Facebook.

FOR IMMEDIATE RELEASE:April 29, 2020 NEW COVID-19 POLICY POLLING: Voters Demand Further Government Action; Overwhelming Support for Immediate Aid to Families, Frontline Workers70 percent want Congress to “do whatever it takes to provide Americans the economic support they need during this very difficult time”; 71 percent want “major, sweeping action to address the economic impact

As millions of Americans struggle during an acute and severe economic and public health crisis, we see a pervasive demand for Congress to take more sweeping, and long-term action on economic relief. New polling data from the Groundwork Collaborative and Roosevelt Institute find that Americans see past efforts as the beginning, not the end, and

The COVID-19 pandemic is exposing structural flaws in our economy that have made the crisis far worse than it should have been. Rampant inequality, disinvestment in public institutions, and a persistent erosion of worker protections have created a precarious economy that has collapsed under the immediate crisis. Congress has acted quickly, appropriating billions of dollars

In striking ways, the coronavirus (COVID-19) pandemic has exposed the fragility of the US economy and the immense power disparities and systemic disadvantages built into our social contract. Tens of millions of people across entire sectors of our economy are out of work—and many were living paycheck to paycheck before this crisis hit. Right now, the Roosevelt Institute’s work

FOR IMMEDIATE RELEASE: April 9, 2020 Progressive Group Leaders to Congress: Major Federal Intervention Needed to Meet Scale of Crisis; Congress Must Put People Ahead of Corporations to Save Economy Washington, DC – Today, leaders of progressive research, policy, and advocacy groups released the following statement calling on Congress to move quickly to pass a robust

The current economic crisis is fast-moving, and many of the challenges we are facing—and anticipating—are unprecedented. Though the immediate effects of the coronavirus may spark a potential recession, our economy’s underlying structural problems mean that the fallout will likely be much worse and last longer for millions of people unless we act quickly and aggressively. 

Our nation is faced with once-in-a-generation challenges—including devastating climate change, crumbling infrastructure, and crippling household debt—that can only be addressed by bold, progressive policies, many of which require significant government spending. A major impediment to meeting these challenges is the “pay as you go” (PAYGO) rule. The PAYGO rule is a congressional budget rule that

The Roosevelt Institute is the nonprofit partner of the FDR Library and Museum. Private money raised goes through the Institute to benefit the Library. This allows the Library the ability to spend funds on special exhibits, community events, membership programming, school group transportation and educational staff for school field trips, to name a few. The

In response to “The Starving State: Why Capitalism’s Salvation Depends on Taxation” by Joseph E. Stiglitz, Gabriel Zucman, and Todd Tucker for Foreign Affairs, the Roosevelt Institute is hosting a blog symposium to further examine the history of international tax rules and the path ahead toward more inclusive and fair international tax policies. Opening the

Today’s pharmaceutical industry is failing most Americans. The structure of laws, regulations, and institutions that shape corporate decision-making drive runaway profits rather than improve patient health. Transforming this broken system requires using the tools of government in expansive ways—a “one-two punch”—by reining in the industry’s extractive practices through stiffer market regulation and deploying the power

Corporate profits and executive pay are sky high today, while wages for most American workers have remained low and stagnant over the past several decades. Today’s high-profit, low-wage economy is, in part, a result of rules and policies that shape corporate decision-making. These rules have allowed CEOs, shareholders, and executives to move more and more

Our nation is faced with once-in-a-generation challenges—widespread inequality, alarming climate change, crumbling infrastructure, and crippling household debt, among others—that can only be addressed with bold, progressive policies, many of which require significant government spending. Although some policymakers and candidates have proposed such policies, they often get pushback from skeptics asking, “Can the government really afford

Saturday, October 5th was the biennial celebration of the Roosevelts’ legacy and those who exemplify the freedoms that uphold our democracy at the historic Franklin D. Roosevelt Presidential Library and Museum for the 2019 Four Freedoms Awards.   Citations for the 2017 Laureates:Lonnie Bunch | The Boston Globe | Krista Tippett | Franklin Thomas |

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

The Corporate Power

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

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

Democratic Accountability

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

Labor and Wages

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

FOR IMMEDIATE RELEASE: January 30, 2019 CONTACT: Ariela Weinberger, (610) 716-2978, aweinberger@rooseveltinstitute.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, mariam.ahmed@berlinrosen.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, mariam.ahmed@berlinrosen.com   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, mariam.ahmed@berlinrosen.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, mariam.ahmed@berlinrosen.com 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, media@voterstudygroup.org (202) 420-7928 Jack D’Amato, media@voterstudygroup.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,

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FOR IMMEDIATE RELEASE: October 16, 2018 CONTACT: Mariam Ahmed, mariam.ahmed@berlinrosen.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

FOR IMMEDIATE RELEASE: October 4, 2018 CONTACT: Mariam Ahmed, mariam.ahmed@berlinrosen.com   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

FOR IMMEDIATE RELEASE: October 3, 2018 CONTACT: Mariam Ahmed, mariam.ahmed@berlinrosen.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, mariam.ahmed@berlinrosen.com   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, mariam.ahmed@berlinrosen.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, mariam.ahmed@berlinrosen.com   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, mariam.ahmed@berlinrosen.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, mariam.ahmed@berlinrosen.com   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, mariam.ahmed@berlinrosen.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,

Higher Education

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

Democratic Accountability

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

Labor and Wages

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

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

Economy

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

Energy & Environment

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

Education

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

Foreign Policy

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

Health Care

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

Human Rights

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 –

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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 –

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21st Century Economy

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.

Economic Inclusion

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

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Economic Inclusion

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

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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!

Finance & Wealth

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

Next Generation Blueprint

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

Big Ideas Breakfast Series

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 mgonzalez@rooseveltinstitute.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.

Re:Public Project

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

Employment Opportunities

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

Rewrite the Rules

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

Start or Join a Chapter

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

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 College

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 @ Chapters

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

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

Hyde Park Photo Album

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

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.

Rethinking Communities

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

Think 2040

NextGen Illinois

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

Here’s What’s Next

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

Roosevelt @ Resources

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.

Trade & Globalization

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

Work & Labor

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

Roosevelt @ Illinois

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

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

Poll: Rewriting the Rules

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

“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

“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

“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

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

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

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.

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

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.

Alexis Goldstein is a former Wall Street professional, who now serves as the Communications Director at Other98.org.

Caitlin Kline is a derivatives specialist at Better Markets.

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