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Bernanke Did Well, but the Fed Must do Better (FT)
Roosevelt Institute Fellow Mike Konczal looks at the Goldilocks question facing the next Fed Chair: is current policy in response to the Great Recession too hot, too cold, or just right? He says that the Fed wasn’t doing enough, and a dramatic policy shift is needed. (Registration is required to read this article)
- Roosevelt Take: Mike has many questions we should consider in choosing the next Fed Chair, and he thinks Janet Yellen will be best for the job.
Fear of a Female Fed Chief (NY Mag)
Jonathan Chait examines the right-wing claims that Janet Yellen is only being considered for Fed Chair because of her gender. No one is denying her qualifications, so it appears those opposed to Yellen have been influenced by Larry Summers’s view of women.
Strikes, Alliances, and Survival (TAP)
Harold Meyerson writes on unions’ work to build a bigger and broader labor movement. Experiments like partnerships with the NAACP or helping fast food workers win minimum wage increases are about remaining relevant and surviving in an anti-union economy.
Fast Food Strikes Catch Fire (In These Times)
David Moberg reports on the expanding fast food strikes yesterday, which are many workers’ first experience with collective organizing. Apparently, even managers recognize that it’s hard to argue with the statement that fast food wages are too low to live on.
Beauty School Students Left With Broken Promises and Large Debts (NYT)
Emily S. Rueb explains the plight of women who took out federal student loans for scam beauty schools. A nonprofit group is attempting to help them discharge this debt, because the schools distributed fraudulent information to prospective students.
80 Percent Of U.S. Adults Face Near-Poverty, Unemployment: Survey (HuffPo)
Hope Yen questions what it means for the American Dream if four out of five adults face economic insecurity at some point in their lives. If poverty is an issue that almost all Americans must deal with, then why are poverty programs the first on the chopping block?
The GOP Wants to Slash Food Stamps: Here’s Exactly How Many of Their Constituents Would Suffer (The Atlantic)
Jordan Weissmann and Kyle Thetford analyze census data to look at how many people receive food stamps in different House districts. For Republicans, the answer is consistent: cuts to food stamps would leave 8-12% of households in their districts with less money for food.
New on Next New Deal
Roosevelt Institute | Campus Network alumnus Tyler S. Bugg follows up on a major transgender employment discrimination case that he wrote about last year. This ruling is a win, but there is still more to be done for the transgender community and workers in general.