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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 in 2015.
- Roosevelt Take: Roosevelt Institute Fellow Mike Konczal says that raising interest rates is not the way to fight “financial instability.”
The Greatest Tax Story Ever Told (Bloomberg Businessweek)
Zachary R. Mider shares the story of the very first corporate tax inversion, in which a company incorporates abroad to avoid paying U.S. taxes. The idea was invented by a liberal tax lawyer in 1982.
A Big Safety Net and Strong Job Market Can Coexist. Just Ask Scandinavia. (NYT)
The strong safety net programs in Scandinavian countries, which include far more direct aid, might be more effective at getting people to work than the U.S. tax subsidy model, writes Neil Irwin.
How ALEC Helped Undermine Public Unions (WaPo)
Alex Hertel-Fernandez explains that ALEC’s attacks on public sector unions aren’t new: ALEC-backed anti-union laws were enacted in some states a decade before the Great Recession.
Pro-Warren Protesters Take Their Fight to Wall Street (MSNBC)
Zachary Roth reports on yesterday’s protest at Citigroup’s New York City headquarters, where protesters denounced the Citigroup-crafted measure weakening Dodd-Frank in the spending bill.
From the E.R. to the Courtroom: How Nonprofit Hospitals Are Seizing Patients’ Wages (ProPublica)
Paul Kiel and Chris Arnold profile the Missouri hospital that sues the most patients in the state. Nonprofit hospitals are required to offer low-cost charity care, but that isn’t particularly regulated.