Important insights from this PwC global jobs report — from linkedin.com by Ross Dawson & PwC
Ben Bernanke and Janet Yellen: The Fed Must Be Independent — an opinion from nytimes.com by Ben Bernanke and Janet Yellen; this is a gifted article
As former chairs of the Federal Reserve, we know from our experiences and our reading of history that the ability of the central bank to act independently is essential for its effective stewardship of the economy. Recent attempts to compromise that independence, including the president’s demands for a radical reduction in interest rates and his threats to fire its chair, Jerome Powell, if the Fed does not comply, risk lasting and serious economic harm. They undermine not only Mr. Powell but also all future chairs and, indeed, the credibility of the central bank itself.
Independence for the Federal Reserve to set interest rates does not imply a lack of democratic accountability. Congress has set in law the goals that the Fed must aim to achieve — maximum employment and stable prices — and Fed leaders report regularly to congressional committees on their progress toward those goals. Rather, independence means that monetary policymakers are permitted to use fact-based analysis and their best professional judgment in determining how best to reach their mandated goals, without regard to short-term political pressures.
Of course, Fed policymakers, being human, make mistakes. But an overwhelming amount of evidence, drawn from the experiences of both the United States and other countries, has shown that keeping politics out of monetary policy decisions leads to better economic outcomes.
Biden’s Chief Economist: The Chart That Convinced Me Our Debt Is a Serious Problem — from nytimes.com by Jared Bernstein; this is a gifted article. Americans need to read this.
Budget hawks have fretted for decades about America’s deficits and debt, repeatedly advising our government to embrace greater fiscal austerity. And for just as long, budget doves — myself included — fought this narrative, repeatedly arguing that austerity often does more harm to our economy than good.
No longer. I, like many other longtime doves, am joining the hawks, because our nation’s budget math just got a lot more dangerous.
How the national debt affects the U.S. — and you — in 10 charts — from washingtonpost.com by Jacob Bogage; this is a GIFTED article
The national debt already exceeds $36 trillion and is growing at historic rates. That has cascading consequences for the government and economy.
Opinions | This Baltimore program shows how to fight generational poverty – from washingtonpost.com by Leana S. Wen; this is a gifted article
How one grassroots organization is teaching young people leadership skills and giving them hope.
She recognized their desperation and felt called to return and use what she had learned to help them realize a different future. So she set up an organization, HeartSmiles, to do just that — one young person at a time.
Holifield’s experience is one that city officials and public health workers can learn from. If they want to disrupt the generational cycle of poverty, trauma and hopelessness that afflicts so many communities, a good place to focus their efforts is children.
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How can communities overcome inertia and resignation? Holifield’s organization starts with two core interventions. The first is career and leadership development. Children as young as 8 go to the HeartSmiles center to participate in facilitated sessions on youth entrepreneurship, budgeting and conflict resolution. Those who want to explore certain career paths are matched with professionals in these fields.
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The second part of her vision is youth-led mentorship, which involves pairing young people with those not much older than they are.
Also relevant/see:
Lost boys, trapped men, and the role of lifers in prison education — from college-inside.beehiiv.com by Charlotte West
This week, we’re publishing Part 2 of a Q&A with Erik Maloney, a lifer in Arizona, and Kevin Wright, a criminal justice professor at Arizona State University. They co-authored Imprisoned Minds, a book about trauma and healing published in December 2024, over the course of seven years. Check out Part 1 of the Q&A.
West: The fact that you created your own curriculum to accompany the book makes me think about the role of lifers in creating educational opportunities in prisons. What do you see as the role of lifers in filling some of these gaps?
Maloney: I’ve said for years that lifers are so underutilized in prison. It’s all about punishment for what you’re in for, and [the prison system] overlooks us as a resource. We are people who, if allowed to be educated properly, can teach courses indefinitely while also being a role model for those with shorter sentences. This gives the lifer meaning and purpose to do good again. He serves as a mentor, whether he likes it or not, to [those] people coming into the prisons. When they see him doing well, it inspires others to want to do well.But if it’s all about punishment, and a person has no meaning and no purpose in life, then all they have is hopelessness. With hopelessness comes despair, and with despair, you have rampant drug and alcohol abuse in prison, and violence stems from that.







