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 announced delay of the Volcker rule, which prohibits proprietary trading, shows the financial sector’s ability to limit Dodd-Frank’s interlocking provisions for its benefit, writes David Dayen.
- Roosevelt Take: Dayen links to Roosevelt Institute Fellow Mike Konczal’s recent piece on Next New Deal with Alexis Goldstein and Caitlin Kline to explain how another rule eliminated in the recent budget negotiations fits into this picture.
Obama Labor Board Comes Down Hard on McDonald’s (Politico)
In a significant first, the National Labor Relations Board has filed legal complaints that hold McDonald’s accountable to workers at its franchises, reports Brian Mahoney.
Workers’ Rights at McDonald’s (NYT)
In an editorial, the Times asks McDonald’s if it wouldn’t be easier to just bargain directly with employees, instead of illegally interfering with the Fight for $15 movement.
Ocwen Head to Resign in New York Settlement (WSJ)
James Sterngold and Alan Zibel report on the settlement between Ocwen Financial Corp. and New York State’s financial regulator, which includes $150 million to be paid to housing programs and borrowers.
Obama Compared to Prior Presidents On Job Creation, In Graphs (TAP)
Paul Waldman compares President Obama’s job creation numbers to other presidents’, and his clearest discovery is that Republicans are wrong: tax cuts won’t save the economy, and Democratic policies won’t kill it.