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The Future Of Television (Diane Rehm Show)
Roosevelt Institute Fellow Susan Crawford discusses the limits of how web-based models like Netfix can disrupt traditional cable television. Without high-speed internet access, none of these models work, and the cable companies control most broadband.
Bash Brothers: How Globalization and Technology Teamed Up to Crush Middle-Class Workers (The Atlantic)
Derek Thompson explains a new study that found that the monolith “globalizationandtechnology” is actually two forces working in tandem. Globalization increases unemployment overall, while technology increases inequality by replacing middle-class jobs.
U.S. Budget Cuts Hitting Long-Term Unemployed Hard (Reuters)
Paige Gance reports on the struggles facing the long-term unemployed as their benefits are cut due to sequestration. A study shows that callbacks for job interviews dramatically decrease after long stretches of unemployment, which doesn’t help her interview subjects.
Parents Losing Jobs a Hidden Cost to Head Start Cuts (Bloomberg)
William Selway reminds us that Head Start exists to provide preschool to low-income kids, so now that sequestration is cutting spots, the parents have no where else to turn. Without the means to pay for childcare, they can’t go to work.
Paying It Forward on Student Debt (TAP)
Monica Potts reports that following Oregon’s new pay-it-forward plan for college tuition, a number of other states are proposing similar plans. The plans are becoming more sophisticated, and begin to address the critiques of Oregon’s model.
Don’t Take My Pension!: The Looming Public Worker Nightmare (Salon)
Adam J. Levitin suggests that public pensions ought to be insured, just like private guaranteed-benefit pension plans. That would solve the problems facing municipalities like Detroit as they face difficult decisions regarding retirees during bankruptcy.
Best-Paid Women in S&P 500 Settle for Less Remuneration (Bloomberg)
Carol Hymowitz and Cécile Daurat look at the compensation of top female executives, and find that even on that level, women are being paid less than men. Their 82 cents to men’s dollar can’t be explained by levels of experience or skill.
The Justice Department is Blocking the US Airways-American Merger. Here’s Why. (WaPo)
Brad Plumer says that the Department of Justice lawsuit claim that the merger would reduce competition in several key markets is probably true. The merged airline would have absolutely no nonstop competition on seven routes.