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Ignore the Naysayers: Dodd-Frank Reforms Are Finally Paying Off (TNR)
The past year has seen important successes, like higher capital requirements, writes Roosevelt Institute Fellow Mike Konczal, and the next steps for financial reform are getting clearer.
We’re Arresting Poor Mothers for Our Own Failures (The Nation)
Bryce Covert points to the policy failures of welfare reform, which requires parents to work or look for work to receive benefits but hasn’t provided for child care, leading to recent high-profile arrests.
Obama to Sign Bill Improving Worker Training (Time)
In the first significant legislative reform to job training in a decade, Maya Rhodan says the Obama administration and Congress put training programs on a more forward-looking path.
SEC Is Set to Approve Money-Fund Rules (WSJ)
The new rules target institutional investors over individuals, says Andrew Ackerman, aiming to train investors to accept fluctuations and prevent panicked mass sell-offs.
TaskRabbit Redux (New Yorker)
Adrienne Raphel writes that TaskRabbit’s recent relaunch makes it more clear that for all their marketing, online tools for hiring labor or transportation are about commerce, not community.
New on Next New Deal
Roosevelt Institute Fellow Mike Konczal points out the fallacy in right-wing claims that there is a “doomsday machine” in the Affordable Care Act: doomsday machines only work if you tell people about them.
In his speculation on the future for the Next American Economy project, Carl Camden, CEO of Kelly Services, suggests that temporary employment firms like his will become the purveyors of social services.