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Making the Same Mistake Twice: Why the Fed Shouldn’t Raise Rates

Image via Wikimedia.

Many are convinced that the November Employment Report from the Bureau of Labor Statistics was positive enough to finally give the Federal Reserve Open Market Committee (FOMC) the room to raise interest rates.  The report extended the record straight months of job gains, and because the numbers for the previous months were adjusted upward, the report made the last two months more positive.

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So What's the Deal with the Minimum Wage, Anyway?

So What's the Deal with the Minimum Wage, Anyway?

It's been a year of huge momentum in the efforts to raise the minimum wage to a living wage. Workers across the country have been joining together to say that the minimum wage isn't enough and that all workers deserve a chance to earn enough money to support their families. The minimum wage seems like a very simple topic at first glance, but there's a lot more going on that most people are aware of, so the online magazine Eater has created a beautiful interactive guide to what you need to know about the minimum wage.

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On World AIDS Day, Here Are 12 Reasons TPP Is Bad for People with AIDS

Photo courtesy bastique on Flickr

December 1 is World AIDS Day, a day described as "an opportunity for people worldwide to unite in the fight against HIV, show their support for people living with HIV and to commemorate people who have died." The Trans-Pacific Partnership (TPP) is a complex trade deal that we're still trying to figure out all the ramifications of.

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Why Inequality Matters to the Fed

Photo courtesy Thomas Hawk on Flickr

The world’s mainstream consensus has become that inequality is a problem facing nations, from the think tank of the advanced democracies—the Organization for Economic Cooperation and Development (OECD); the important agents for funding global development—the International Monetary Fund (IMF); to the world’s private economic elites—the World Economic Forum. Conservatives wish to push back against this consensus, in hopes of reviving a view that only growth matters. Of course, such a view is obviously wrong for three important reasons.

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Desperately Reading the Fed

Desperately Reading the Fed

There has been some desperate hunting last week for getting a sense of the Federal Open Market Committee’s view on whether the Federal Reserve would make a move to raise interest rates—to return to “normal.”  On Monday, Federal Reserve Governor Lael Brainard suggested she did not see a need for a timetable to raise the rate this year and, instead, that policy changes should continue to be on the basis of the data at hand.  Actually, while this was treated as new, and some suggested she “rarely speaks publicly,”Governor Brainard said very similar things back in June.  She was followed the next day with comments on CNBC from Federal Reserve Governor Daniel Tarullo, who was suggesting a similar sentiment.

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