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Housing Market Falters Amid Rising Prices, Lower-Paying Jobs (Bloomberg)
Kathleen M. Howley reports on new, weaker forecasts for the housing market, and blames slow labor growth, which is primarily in low-wage jobs, and stagnant wages.
Poll: Fewer Americans Blame Poverty on the Poor (NBC News)
A new poll shows a major shift in how Americans perceive the causes of poverty since 1995, writes Seth Freed Wessler. Nearly half of respondents today blame structural causes.
The Economic Argument for Raising Women’s Pay (Political Research Associates)
Mariya Strauss assesses the economic benefits of pay equity, which include increased economic growth and tax revenues, as well as a reduced need for public assistance programs.
Republicans Finally Admit Why They Really Hate Obamacare (NY Mag)
As the predictions of Obamacare skeptics are steadily debunked, Jonathan Chait says conservatives are forced to admit they just don’t like transfer programs to help the poor.
The Big Lobotomy (Washington Monthly)
Paul Glastris and Haley Sweetland Edwards look at how Republicans in Congress have cut the Congressional workforce, reducing expertise and capacity as well as limiting their own effectiveness.
Why Inequality Might Make Kids Drop Out of High School (WaPo)
A new study suggests that the “economic despair” caused by increased inequality is the reason for higher dropout rates, reports Matt O’Brien.
Finally! Big Investors Declare War on Big Banks (The Fiscal Times)
David Dayen reports on a new front in the post-financial crisis legal battle: a group of investors sues the trustee banks that assembled mortgage bonds for abandoning quality standards.