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Globalisation isn’t just about profits. It’s about taxes too (The Guardian)
Roosevelt Institute Senior Fellow Joseph Stiglitz argues that in today’s global economy, all countries suffer when major corporations take advantage of tax loopholes, and that reform is needed so that corporations pay a fair income tax rate internationally.
The Facts (Captive Audience)
Roosevelt Institute Fellow Susan Crawford corrects what Comcast’s Executive Vice President told the U.S. Conference of Mayors about how great high-speed Internet access is in the U.S. If the mayors believed him, they must not look at what household Internet costs in their cities.
See How Citigroup Wrote a Bill So It Could Get a Bailout (MoJo)
Erika Eichelberger spoke to Roosevelt Institute Fellow Mike Konczal about Citigroup’s attempt to gut the “push-out rule,” which would forbid banks from trading certain derivatives. This prevents banks from protecting risky trades with FDIC insurance, and Konczal says we need it “more than ever.”
This Week in Poverty: Homeowners Take the Foreclosure Fight to the DOJ (The Nation)
Greg Kaufmann spoke to activists involved in protests last week to fight illegal foreclosures and push for principal reductions for homeowners at risk of foreclosure. These newly minted reformers first fought to keep their own homes; now they’re fighting for others.
- Roosevelt Take: The jobs crisis hasn’t helped people struggling to keep their homes. Roosevelt Fellows and other distinguished guests will discuss A Bold Approach to the Jobs Emergency on June 4th.
America is the only rich country that doesn’t guarantee paid vacation or holidays (WaPo)
In honor of Memorial Day, Ezra Klein reminds us that in the U.S., poorer workers are less likely to have any paid time off, and if they do, they get less. Compared to European countries’ paid time off guarantees, yesterday’s barbeques seem a little less exciting.
Let Them Make Their Own Jobs (NYT)
Nancy Folbre considers that statement to be the new “let them eat cake,” because entrepreneurs and start-ups struggle as much as established businesses with the lack of demand. Creating your own job doesn’t guarantee you’ve created any income for yourself.
The Falling-Bridge Lesson: The U.S. Infrastructure Failure Is Still Totally Inexcusable (The Atlantic)
Matt Thompson thinks the bridge that collapsed near Seattle last week needs to be a wake-up call to increase spending on infrastructure. Maybe some members of Congress will take family road trips this summer and notice how the roads just end at that big blue space on their map now.