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Industry Groups Vow to Expose Union-Backed Worker Centers (The Hill)
Kevin Bogardus spoke to Roosevelt Institute Fellow Dorian Warren, who says that newly tightened partnerships between unions and worker centers will result in heightened scrutiny. As nonprofits instead of unions, worker centers fall under different laws, and some industry groups don’t like it.
Middle-Class Decline Mirrors The Fall Of Unions In One Chart (HuffPo)
Caroline Fairchild pulls a graph from a recent Center for American Progress report that shows the middle-class share of income decreasing right along with union membership. Correlation is not causation, but that doesn’t make the image less striking.
Congress and the Budget: Holding Middle-Class America Hostage (The Guardian)
Jana Kasperkevic looks at a Congressional Budget Office report that proves that Congress’s recent actions, like sequestration, have been hurting the economy. Their current inaction has the potential to be just as harmful as the economy continues to lose ground.
Two Charts That Show Why Another Debt Ceiling Fight Is A Very Bad Idea (Business Insider)
Josh Barro reminds us why Congress should just authorize raising the debt ceiling without a fight. Last time, American debt was downgraded, the stock market plunged, and consumer confidence fell, all things we really don’t need again.
The Fed Decides the Economy Still Sucks (NY Mag)
Kevin Roose reports on the Federal Reserve announcement that there will be no tapering just yet. He says this shows how strongly doves like Janet Yellen are reorienting Fed priorities towards creating new jobs.
Fed Favorite Janet Yellen Is No Dove—and That’s a Good Thing (The Atlantic)
Matthew O’Brien points out that while Yellen is called dovish today for her focus on unemployment over inflation, in the Clinton years she was a staunch hawk. Her willingness to shift strategies based on facts only confirms her strengths as a central banker.
New on Next New Deal
Nell Abernathy looks at a study commissioned by the Manhattan Borough President and the New York City Comptroller on Internet access in public schools. 75 percent of NYC public schools only have access at 10 mbps or less, and the slower access is concentrated in poorer neighborhoods.