Click here to receive the Daily Digest via email.
Can Say-on-Pay Curb Executive Compensation? (Roosevelt Institute)
In her new policy note, Roosevelt Institute Director of Research Susan Holmberg argues that Say-on-Pay, which allows shareholders to vote on executive pay packages, is working, because even when shareholders approve CEO pay, boards are paying attention to the dissenters.
How a Churchgoing Urban Planner Became Compton’s Millennial Mayor (Next City)
Roosevelt Institute | Pipeline Fellow Nona Willis Aronowitz profiles Aja Brown, the new mayor of Compton who is focusing her administration on growth. Her work on basic quality of life issues is increasing her popularity in the old guard of Compton politics.
Washington Dysfunction Threatens U.S. Economy (MSNBC)
Suzy Khimm looks at just how badly a government shutdown would hurt the economy, from federal workers to B&B owners near national parks. Experts say that a shutdown longer than a few days could wipe out an entire quarter’s economic growth.
The Path to Dysfunction (NYT)
Jared Bernstein looks at what got us to the point where a government shutdown seems possible next week. There are plenty of reasons, but he’s most concerned by the lack of facts in any of these debates, since each side of the aisle has its own set.
Why Obama Can’t Pay a Debt-Ceiling Ransom This Time (NY Mag)
Jonathan Chait thinks that Republicans need to realize that the President is serious when he says he won’t negotiate on the debt ceiling this time around. The GOP seems convinced they can get concessions, but they’re more likely to drive us into a default.
GOP Launches Race War to Boost the 1 Percent (Salon)
Brittney Cooper writes that Republicans are using racial stereotypes to stir up support for their food stamp cuts. By invoking the “welfare queen,” they can get support for cuts that primarily effect poor whites in red states, while keeping those voters on their side.
Mortgages are Easier to Get These Days … Watch Out, it Could be a Trap! (The Guardian)
Heidi Moore thinks people should be cautious before celebrating the fact that banks are giving more mortgages to people with lower credit scores. These lowered standards could be an early red flag, since similar patterns led up to the housing crisis.
New on Next New Deal
Roosevelt Institute | Campus Network Senior Fellow for Defense and Diplomacy Jacqueline Van de Velde argues that Millennials would be happiest with a diplomatic solution to Syria’s chemical weapons, but she’s not sure it’s doable.