Daily Digest - January 9: Celebrating the War on Poverty's Successes

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Materially Richer Today Than 50 Years Ago (The Kudlow Report)

Roosevelt Institute Fellow Mike Konczal discusses the War on Poverty on CNBC, where he focuses on some of its successes. Mike says that War on Poverty programs have drastically reduced poverty among children and the elderly, which should be celebrated.

A Dismal New Year for the Global Economy (The Guardian)

Roosevelt Institute Senior Fellow Joseph Stiglitz says that despite a few signs of economic improvement around the world, we should still be concerned about the ways that market economies across the globe are failing to create opportunity for most citizens.

Obama to Name 5 'Promise Zones' for Assistance (USA Today)

David Jackson reports on the creation of "Promise Zones," troubled neighborhoods that will receive targeted assistance to improve education, housing, and public safety. The plan involves working with government and businesses to attack poverty on a local level.

Connecticut Sick-Leave Law Has Little Impact on Employers: Study (WSJ)

Joseph de Avila looks at a study from the Center for Economic and Policy Research examining the effects of the CT law, which was the first paid-sick leave measure in the U.S. Preliminary findings show that only 10% of employers had payroll costs increase by 3% or more.

Rauner Wants to Roll Back Minimum Wage (NBC Chicago)

Mark W. Anderson writes that Bruce Rauner, the Republican candidate for Governor in Illinois, thinks that the state's $9.25 per hour minimum wage isn't "competitive." While many politicians are discussing raising minimum wages, he wants to return Illinois's to $7.25.

Investors Are Chastened. That’s A Good Thing. (ProPublica)

Jesse Eisinger says that the lack of enthusiasm for the stock market's record highs are a sign that the public has learned not to trust the stock market as a measure of the economy's success. Instead, it's a reminder that the recovery hasn't reached most Americans.

Warren, Coburn Push for Increased Transparency on Settlements (The Nation)

George Zornick reports on a new bill from Senators Warren and Coburn that would require federal agencies to provide full disclosures of how much corporations are actually paying in fines. Corporations write off large amounts in their taxes, and the Senators think the public should know how much.