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2013 Was a Bad Year for Wall St. Lobbyists (TNR)
Roosevelt Institute Fellow Mike Konczal argues that financial reform had a surprisingly good 2013. The combination of engaged activists and intellectuals and supportive legislators and regulators led to several stronger-than-expected regulations.
- Roosevelt Take: One example of the work of activists and intellectuals that Mike discusses is the Roosevelt Institute and Americans for Financial Reform report, “An Unfinished Mission: Making Wall Street Work for Us.”
NSA Scandal May Help Build Cyber-Barriers (Bloomberg View)
Roosevelt Institute Fellow Susan Crawford suggests that the NSA’s spying could create further incentive for European Internet companies to establish more secure, and therefore more segregated, Internet traffic routing in the European Union.
Debt, No Degree: Bills Mount for Ex-College Students Who Never Reached the Finish Line (NBC News)
Former Roosevelt Institute | Pipeline Fellow Nona Willis Aronowitz looks at how people who took out loans for school but didn’t finish are handling that debt in this economy. Some now see the attempt at bettering their lives through education as a complete waste.
January May be Do-Or-Die for Jobless Benefits (WaPo)
George Zornick looks at the options to bring back extended unemployment insurance, which lapsed on December 28, and concludes that the time is now. If an extension isn’t passed this month, it’s more and more likely that it will get pushed aside for other policy priorities.
North Carolina’s Failed Ending of Long-Term Unemployment Benefits (Policyshop)
Matt Bruenig uses charts to explain why North Carolina’s official unemployment rate has dropped after the state cut off benefits to the long-term unemployed. It would be great if it was because employment was up, but instead people are dropping out of the labor force entirely.
Nearly One And A Half Million Workers Will Get A Raise On New Year’s Day (ThinkProgress)
Bryce Covert lays out the list of states and cities where the lowest-paid workers got a raise yesterday. Some of these raises come from a minimum wage indexed to inflation, and four states and one town passed new minimum wage laws in 2013 that have just gone into effect.
Supporters of $15 Wage Seek Appeal of Ruling (NYT)
Kirk Johnson reports on the appeal request, which follows a December 27 ruling that the new minimum wage in SeaTac, Washington won’t apply at the Seattle-Tacoma International Airport, which is within the town limits but administered by the Port of Seattle.