Fat-Cat Administrators at the Top 25 – NYTimes.com

It’s not hard to find examples of the uneven implementation and consequences of austerity. A great study out last week by the Institute of Policy Studies looks at several indicators at public universities and finds some interesting correlations. The student debt crisis is worse at state schools with the highest-paid …

The Body Economic: Why Austerity Kills

Subtitle: Recessions, Budget Battles and the Politics of Life and Death. By David Stuckler and Sanjay Basu —thebodyeconomic.com This book came out in 2013, and is frequently cited in discussions of austerity and the damage – short- and long-term – resulting from budget cuts, particularly at the national level. The …

Suburban austerity

Five decades after President Lyndon B. Johnson declared a war on poverty, the nation’s poor are more likely to be found in suburbs like this one than in cities or rural areas, and poverty in suburbs is rising faster than in any other setting in the country. By 2011, there …

Boston Fed’s Latest Role: Community Organizer – NYTimes.com

Interesting initiative by the Boston Federal Reserve, making grants to small- and mid-sized distressed cities in Massachusetts. It’s called the Working Cities Challenge, funneling money from private donors to cities based on an application process. I think the headline “community organizer” is a bit of a misnomer, I’m not sure …

In History Departments, It’s Up With Capitalism – NYTimes.com

Yesterday I met a doctoral student at Berkeley studying the “history of capitalism” in the history department (in six years, the first history student I’ve crossed paths with, oddly enough). And then this morning I stumble on this piece from last year: In History Departments, It’s Up With Capitalism – …

Bailing on Detroit – Jamie Peck

Jamie Peck, Geography professor at The University of British Columbia, has written quite a bit about neoliberalism, what he calls “austerity urbanism” and the ongoing saga of Detroit’s finances. He has an insightful blog post on how terms like bailout, responsibility, and federalism are serving to seal Detroit’s fate as …

Chicago’s Credit Rating Downgraded by Moody’s – NYTimes.com

The pension battle in Chicago and Illinois will be fueled by Moody’s latest announcement: Moody’s Investors Service downgraded Chicago’s credit rating, citing the city’s unfunded pension liabilities. The agency announced Tuesday it was lowering the rating on $8.3 billion in debt to Baa1, from A3, putting it only three notches above junk status. …

Are unions necessary?

Friday reading: Are unions necessary? – latimes.com. Feb 27, 2014. Michael Hiltzik comments on the ongoing debate between Evan Soltas (Bloomberg) and Michael Wasser (Jobs with Justice), spurred in part by the interference of North Carolina legislators with the union election at Volkswagen’s plant there. You can read more of …

To Pay for Infrastructure Repairs, Obama Seeks Tax Changes

ST. PAUL, Minn. — Caught between a gridlocked Congress and a Highway Trust Fund that will soon be broke, President Obama on Wednesday urged lawmakers to overhaul corporate and business taxes to pay for repairing and replacing the nation’s aging roads, rails, bridges and tunnels. … New legislation to pay for transportation projects …