What We’re Reading, 4/4/12
Every morning, we poll the staff and round up their favorite economic, financial and political reads of the day. Making the office rounds this morning: Romney, income inequality and the so-called “war against youth.”
"Romney, Obama Get Ready to Rumble," by Jonathan Martin (Politico). Martin’s lede says it all: “It’s really, truly over,” he writes of the Republican primary battle that seems to have stretched on forever. Romney’s wins in Wisconsin, Maryland and D.C. last night effectively made him the nominee.
"The Reckoning: Romney After Wisconsin," by John Cassidy (The New Yorker). The primary may effectively be over, but what happens next? “This is an interesting analysis of what the morning after is really looking like for the Romney campaign,” says Letter reporter Neema Roshania. Interesting and, dare we say, pretty down on Mitt.
"Income Inequality is Killing the Economy, Obama Says — Is He Wrong?" By Derek Thompson (The Atlantic). In a speech yesterday, Obama blamed income inequality for “drag[ging] down our entire economy.” Thompson handily rounds up the arguments on both sides.
"Paul Ryan Betrays His Own Views on Income Inequality," by Ezra Klein (The Washington Post). Speaking of income inequality, Rep. Paul Ryan’s recently passed budget plan proposes $5.3 trillion in budget cuts. But where are those cuts coming from — and what does that say about Ryan’s values? “Paul Ryan has been a champion of social mobility, but his budget plan encourages just the opposite,” says Kip’s social media maven Amanda Lilly. To quote Klein: “No millionaire’s child will find that Ryan’s budget ends her hopes of a college education. But plenty of lower-income children will.”
"We Need ‘Imported from Detroit 2.0,’" by David Kiley (The Huffington Post). We’ve all seen those gritty new Chrysler ads: the city scenes, the snowy sidewalks, the gleaming Chrysler cruising under a pro-Detroit voiceover. The ad campaign’s catchphrase — “imported from Detroit” — might say more than we think. “This is a nice exploration of Detroit’s complicated relationship with the car industry, written from a advertising perspective,” says digital director Doug Harbrecht. “Dave Kiley has covered both autos and advertising for decades.”
"Women Funding Women Opens the Door to Responsible Investing," by Alex Goldmark (Good). Here’s a novel take on socially responsible investing: Through the WIN-WIN initiative, women investors can fund women-owned businesses for as little as $20.
"The War Against Youth," by Stephen Marche (Esquire). Marche’s provocative essay breaks down the widening economic gap between the young and the old — and doesn’t shy away from assigning blame. Look no further than the sub-headline: “The recession didn’t gut the prospects of American young people. The Baby Boomers took care of that.”
"The Secret to Germany’s Low Youth Unemployment," by Eric Westervelt (NPR). Speaking of young people and prospects, maybe Marche would appreciate this approach: Germany’s medieval-style apprenticeship system has earned it the highest youth employment rate in Europe.
What are you reading today?