podesta-emails

FW: Equitable Growth Press Clips Mar 14, 2016

podesta-emails 974 words email
P17 D6 V15 D1 V16
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From: Carmen Ye <[email protected]<mailto:[email protected]>> Date: Monday, March 14, 2016 at 2:47 PM To: All Staff <[email protected]<mailto:[email protected]>> Subject: Press Clips Mar 14, 2016 Daily Press Clips 03.14.2016 Equitable Growth Mentions | Economic News | Political News Equitable Growth Mentions Q&A: Heather Boushey on Why Work-Life Policies Aren’t Just ‘Something for the Ladies’<http://blogs.wsj.com/economics/2016/03/14/qa-heather-boushey-on-why-work-life-policies-arent-just-something-for-the-ladies/> Wall Street Journal – Anna Louie Sussman Today, only one out of four children under 15 lives in a two-parent family in which only dad works<https://familyinequality.files.wordpress.com/2014/09/family-diversity-new-normal.pdf>, compared with two out of three in 1960. The vast majority of children up and down the income scale grow up in dual-earner or single-parent homes. The American Wife has become the American Worker. Economic News We've Been Measuring Inequality Wrong<https://newrepublic.com/article/131517/weve-measuring-inequality-wrong> New Republic - Alan Auerbach, Laurence Kotlikoff What does inequality in spending look like after accounting for government taxes and benefits? Spending inequality—what we should really care about—is far smaller than wealth inequality... The fact that spending inequality is dramatically smaller than wealth inequality results from our highly progressive fiscal system, as well as the fact that labor income is distributed more equally than wealth. Why Even Wealthy Black Students Have More Student Loan Debt<http://www.buzzfeed.com/mollyhensleyclancy/why-even-wealthy-black-students-have-more-student-loan-debt#.pvz32ORdlz> Buzzfeed – Molly Hensley-Clancy The Dartmouth-funded study<http://link.springer.com/article/10.1007/s12552-016-9162-0?wt_mc=internal.event.1.SEM.ArticleAuthorOnlineFirst>, “Young, Black, and (Still) In Debt,” found that while white youth at the top of the wealth spectrum had much less debt than their low-income and middle-class counterparts, the same wasn’t true for black students… At the root of the disparities are differences not only in income, but also in how black and white families acquire wealth (which includes home equity, savings, and inheritance) and pass it on to their children, the study said. The cruelest thing about buying diapers <https://www.washingtonpost.com/news/wonk/wp/2016/03/14/the-cruelest-thing-about-buying-diapers/> Wonkblog – Emily Badger, Juliet Eilperin The poor often pay more for the same goods<https://www.washingtonpost.com/news/wonk/wp/2016/03/08/why-the-poor-pay-more-for-toilet-paper-and-just-about-everything-else/?utm_content=buffer5dae8&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer> that wealthier households buy. This has been true for as long as bulk buying has existed, but tools such as Amazon Prime have widened the price gap. The new digital economy is creating all kinds of benefits, but many of them remain out of reach of low-income Americans…. And diapers — unlike many other products that are cheaper when purchased online with credit cards — have direct health consequences. Families who can't afford enough diapers risk diaper rash and urinary tract infections that can lead to hospital visits Black women are the fastest-growing group of entrepreneurs. So where are the investors?<http://www.vox.com/2016/3/14/11208710/kathryn-finney-diversity-tech> Vox – Victoria Massie Black women may be leading the overall charge<http://www.womenable.com/content/userfiles/Amex_OPEN_State_of_WOBs_2015_Executive_Report_finalsm.pdf> among new small-business owners, but a new report says that for black women in tech, it's not with the help of big investors. A new report<http://www.digitalundivided.com/new-products/report> by Digital Undivided<http://www.digitalundivided.com/> surveyed 378 companies led by black women across the country, 88 of which qualified as startups. For those startups, data showed that in 2015, only 56 percent of the black women startup founders in the study raised outside funding. End the Opportunity Monopoly <http://www.theatlantic.com/politics/archive/2016/03/busting-opportunity-monopolies/473301/> The Atlantic – Eric Liu True competition—now, as then—requires recognition that economies and communities are not static mechanisms. They are complex adaptive systems, in which both advantage and disadvantage compound. It’s not just that the rich get richer and the poor poorer; it’s that the rich get louder and poor quieter… True competition demands an economic and civic program of actively busting “opportunity monopolies” and recycling the unearned privilege that comes with them. What Would Breaking Up the Banks Even Look Like? <http://www.theatlantic.com/business/archive/2016/03/breaking-up-banks/473295/> The Atlantic – David Shirreff A too-big-to-fail, too-complex-to-manage bank such as JPMorgan Chase should be split into three parts. The investment bank could be spun off entirely. JPMorgan’s creative investment bankers would relish the chance to turn the franchise into a partnership, with the freedom to pay themselves what they please. The remaining bank would be split into a wholesale bank, for large corporate clients, and a retail bank, the only taker of insured deposits. Towns That Jail People Because They’re Poor Are Put On Notice<http://thinkprogress.org/economy/2016/03/14/3759676/doj-debtors-prisons/> Think Progress – Bryce Covert On Monday, officials at the Department of Justice (DOJ) will send a letter to chief justices and court administrators across the country warning them against operating modern-day debtors’ prisons<http://www.nytimes.com/2016/03/15/us/politics/justice-dept-condemns-profit-minded-court-policies-targeting-the-poor.html>and deploying other tactics that harm the poor… Beyond sending the letter, the DOJ announced that it will offer $2.5 million in grants to courts that seek to change their policies and “test strategies to restructure the assessment and enforcement of fines and fees.” Political News It’s Not Every U.S. Election That Can Destabilize The Economy <http://www.forbes.com/sites/erikamorphy/2016/03/12/its-not-every-us-election-that-can-destabilize-the-economy/#43863e5d4038> Forbes – Erika Morphy Duke<http://www.cfosurvey.org/> found that 53% of U.S. CFOs cite U.S. political turmoil as among the biggest risk factors to cause a recession… CFOs are coming to the conclusion that politicians and the political parties now view the other side as the enemy and it is no longer possible that they can cooperate to pass necessary legislation. Sanders gains on Clinton ahead of huge Tuesday contests<http://thehill.com/blogs/ballot-box/presidential-races/272901-sanders-gains-on-clinton-ahead-of-huge-tuesday-contests> The Hill – Jesse Byrnes Clinton has dominated Sanders in the South, sweeping every state by big margins. Black voters have given Clinton a cushion, rallying to the former first lady's side in huge numbers. However, Sanders won a higher proportion than expected of the black vote in Michigan, which suggested his anti-trade, anti-Wall Street rhetoric may be winning support from a coalition of voters.
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