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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 Democrats Tell the SEC to Get Moving on CEO Pay Rule (HuffPo)
The public comment period for the CEO pay ratio rule expired a year ago, and some Senate Democrats are tired of waiting for it to be implemented, reports Zach Carter.
- Roosevelt Take: Roosevelt Institute Fellow Susan Holmberg explains the CEO pay debate in this recent primer.
Unions Sue to Stop Chicago Pension Overhaul (Chicago Sun-Times)
Fran Spielman explains why a dozen retirees and their four unions are suing the city: they say the changes are against the state constitution, which guarantees government pensions.
Some Investors Still Heart Big Banks, No Matter What Elizabeth Warren Says (The Guardian)
Suzanne McGee considers why some investors are putting their money with the big banks, despite the continued question of whether regulators will try to break them up.
Are the Democrats Allowing Social Security to Twist in the Wind? (LA Times)
Failing to vote on a Social Security commissioner is just another examples of Democrats’ failure to provide this essential program with strong enough support, writes Michael Hiltzik.
The Great Budget Sellout of 2014: Do We Even Have a Second Party? (TAP)
Robert Kuttner characterizes the new spending bill as proof that our two major parties are fundamentally the same: willing to gut Dodd-Frank, defund the EPA, and cut Pell grants.
The U.S. Middle Class Has Faced a Huge “Inequality Tax” in Recent Decades (EPI)
Josh Bivens shows how U.S. middle-class income could have grown if it had matched the average growth rate over that time, as occurred following World War II.