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Top 400 U.S. Billionaires’ Wealth Equals Brazil’s GDP (Real News Network)
Roosevelt Institute Senior Fellow Rob Johnson comments on this data point from Forbes, noting that the social dysfunction caused by this kind of inequality isn’t hitting the wealthy yet.
Pulling the Plug on Comcast’s Merger (Bloomberg View)
Roosevelt Institute Fellow Susan Crawford explains why the Federal Communications Commission should block Comcast’s proposed merger with Time Warner Cable.
Debt Scolds: Pay No Attention to the Falling Deficit! (NY Mag)
Jonathan Chait scolds those who treated the deficit like the end of the world; now, the deficit is falling, but their outlook took needed stimulus off the table back in 2009.
Fed Officials to Be Flexible on How They Raise Rates (WSJ)
Reporting on the Federal Reserve meeting notes from September, Jon Hilsenrath explains the Fed’s decision to try new experimental tools when it’s time to raise interest rates.
Obama Had Security Fears on JPMorgan Data Breach (NYT)
Michael Corkery, Jessica Silver-Greenberg, and David E. Sanger report on the administration’s knowledge of a summer-long cyberattack on JPMorgan and other banks.
Post-recession Decline in Black Women’s Wages is Consistent with Occupational Downgrading (Working Economics)
Valerie Wilson says that unlike other groups, black women lost both mid-wage and high-wage jobs in the recession, which explains their decreased earnings.
New on Next New Deal
Roosevelt Institute Senior Fellow Richard Kirsch says the support of Amazon in Integrity Staffing Solutions v. Busk illustrates the continued influence of the donor class over workers.
Deepening participatory democracy will improve outcomes for the working class, writes Roosevelt Institute | Campus Network National Director Joelle Gamble.