FDL Book Salon Welcomes Sheila Bapat, Part of the Family? Nannies, Housekeepers, Caregivers, and the Battle for Domestic Workers’ Rights

By: Saturday July 26, 2014 1:59 pm

My generation associates the regulation of domestic workers with Zoe Baird and “nannygate.” In 1993, newly elected President Bill Clinton submitted Baird’s name to the Senate as his choice for Attorney General. She would have been the first woman to hold the position. Instead, the nomination was withdrawn because she and her then-husband, Yale Law Professor Paul Gewirtz, had managed their high profile careers and family life by hiring an undocumented couple to help them and had not paid their social security taxes.

Are we any farther along today? Sheila Bapat’s book, Part of the Family? Nannies, Housekeepers, Caregivers and the Battle for Domestic Workers’ Rights, suggests that the answer may be yes and no.

 

Study: When States Lower Business Costs They Contribute to Wealth Inequality

By: Thursday July 17, 2014 7:55 am

From a policy making perspective this does not mean states should never try to create a better business climate by lower business costs, but it does mean the trade-off between growth and inequality should be factored into that policy making process. It should be understood that the price of lowering business costs is not just less tax revenue but also increased inequality.

Obama Backs Away From Inequality Debate To Comfort Corporate Democrats

By: Monday July 7, 2014 10:07 am

Chalk another win up for the cynics who never bought for a moment that Obama was going to betray the people whom he has been serving loyally for the last five years. Even if Obama really desired to change things – something there is little evidence for – the game is rigged. As long as money dominates American politics moneyed interests will be dominant.

FDL Book Salon Welcomes Knut and Masaccio for a Discussion About Thomas Piketty’s Book: Capital in the Twenty-First Century

By: Sunday June 29, 2014 1:59 pm

As most of you know, we were supposed to have this discussion six weeks ago with Piketty himself, but at the last minute he was overwhelmed by requests for interviews on television (including a stint on the Colbert Report) and just about every major newspaper in the English-speaking world and had to cancel. Jane is hopeful that we can have him on sometime in the future, but for the time being you will have to content yourself with Masaccio and myself.

Piketty and His Critics Chapter 1

By: Sunday May 25, 2014 12:12 pm

The media buzz over Thomas Piketty’s Capital in the Twenty-First Century is dying down, replaced by media buzz about a musician marrying an heiress and Stress Test by Timothy Geithner, the equivalent silliness for the rest of us. The chatter from ill-prepared journalists and pundits is being replaced by more substantive discussions from people who have actually read the book and comprehended what they were reading.

Piketty’s argument is that as long as the rate of return to capital exceeds the rate of growth in the economy, there will be an increase in inequality.

Richard Florida Discovers Vaunted ‘Creative Class’ Making Things Worse

By: Tuesday May 13, 2014 12:32 pm

In academia you need a new theory to distinguish yourself. Notice the word new not necessarily good. Richard Florida came up with a new theory. It went something like this – that a “creative class”of high tech yuppies – driven by technology, talent, and tolerance – would drive economic development through the country, making us [...]

As Hedge Fund Managers Rake In Record Pay Obama’s Economic Advisor Attacks Piketty

By: Monday May 12, 2014 11:32 am

2013 was a great year for high-tier hedge fund managers, even ones that pled guilty to securities fraud. The 25 highest paid hedge fund mangers made over $21 billion in 2013, more than twice as much as all the kindergarten teachers in America combined. Whether those 25 men provided as great a benefit to our country as all the kindergarten teachers I will leave to you to divine, dear reader.

Inequality

By: Sunday May 11, 2014 5:20 pm

A lot has been written about inequality so far and even Obama has tried to seem like he is addressing this subject. I do believe it goes deeper and affects more people directly and personally than even most writers and pundits have expressed.

Wall Street Republicans Looking to Support Hillary Clinton in 2016

By: Thursday May 1, 2014 5:15 pm

Now that New Jersey Governor Chris Christie has been severely damaged by the Bridgegate scandal, Republicans on Wall Street are desperately searching for a candidate they can count on to do their bidding in 2016. With a distrust for Senator Ted Cruz or Senator Rand Paul to follow orders, some are hoping former Florida Governor Jeb Bush might step into the race.

But Bush fatigue may have even reached Manhattan as Wall Street Republicans eye another candidate to invest in, Hillary Clinton.

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