One in Seven Americans Lived in Poverty Last Year (Washington Independent)
The latest census report shows that the recession helped drive a record 43.6 million Americans below the poverty line in 2009.
A More Nuanced Look at Poverty Numbers (NYTimes)
Motoko Rich breaks down the report by demographic, noting some striking disparities between age and racial groups.
Foreclosures Hit Record High in August (HuffPo)
Last month saw a 25 percent increase in repossessions compared to 2009, but banks have begun to issue fewer default notices in an attempt to salvage the market.
Is the Warren Appointment Good News? (TNR)
Jonathan Cohn wonders, is Elizabeth Warren’s new “advisory role” really an excuse to sideline her, or are liberals just being whiny again?
Elizabeth Warren To Lead Search For New Consumer Chief, Could ‘Pull A Dick Cheney’ (HuffPo)
No, Warren probably won’t shoot any of her friends in the face, but she just might wind up choosing herself to lead the CFPB.
Democrats Use Power of Majority to Pursue Agenda (NYTimes)
Now there’s an idea. Hoping to shore up support for November, Dems are pushing ahead on small business aid, gay rights, and immigration reform.
An American innovation in light bulbs, but will manufacturing stay in the U.S.? (WaPo)
In rebuilding the American economy, the challenge is not just creating jobs but offering enough incentives to keep them here.
The Blue Sky series (WaPo)
If you missed the start of Ezra Klein’s new series on job creation this week, here’s your chance to catch up.
Lifelines for the poor are disappearing (CNN Money)
While the ranks of the poor continue to swell, stimulus funds for programs like Temporary Assistance for Needy Families are tapering off.
The Census, Uninsurance, and Health Reform (Think Progress)
In addition to rising poverty, the census report showed a large number of Americans have lost their employer-based health insurance and are turning to public programs. The death panels will make quick work of them.
Health-Care Reform, 2015 (Democracy Journal)
Jacob Hacker reflects on the history of Social Security and warns that the real challenge of implementing, improving, and defending health care reform lies ahead.
The Tax-Cut Racket (NYTimes)
Paul Krugman argues that compromising on the Bush tax cuts doesn’t make for good economics or good politics, and worst of all, it would reward the GOP’s bullying.
Recess Appointments for the Fed? (Think Progress)
The president may be willing to circumvent the Senate for Elizabeth Warren, but Matthew Yglesias doubts he’ll do the same for his Federal Reserve board nominees.
It’s Getting Riskier to Be Rich (WSJ)
Break out your tiniest violin: The top 0.01 percent of earners saw their pretax income fall 12.7 percent at the beginning of the recession, but they still managed to bring in an average of $17 million a year in 2008.
How Pensions Can Get Out of the Red (NYTimes)
Richard Riordan and Alexander Rubalcava propose a “Race to the Top” program for public employee pensions.
Tea Party victories are good for progressives, but bad for climate (Grist)
As amusing as it can be to mock the Tea Party right, their capture of the GOP has serious consequences for the future of public policy.
A Sustainable Economic Vision (A New Way Forward)
Tiffiniy Cheng suggests five questions that every candidate should answer this fall.