What's Behind the Austerity Backlash?
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Unemployment and slow growth in Europe are bringing an end to the "austerity" era of spending cuts and increased taxes. Was "austerity" a dangerous idea in the first place? Will new ideas about economic reality make a difference to politicians in Washington? Also, three more suspects are detained in the Boston Marathon bombings, and provisions for same-sex relationships could scuttle immigration reform.
Banner image: A May Day protester uses a slingshot to throw a stone at riot police as protesters try to break through barricades to reach the city's main square in central Istanbul May 1, 2013. Photo by Murad Sezer/Reuters
Three More Detained in Boston Marathon Bombings ()
Police emphasize there's no threat to public safety, but three new suspects have been arrested in the Boston Marathon bombing. The FBI is holding them, and two are said to have connections to Dzhokhar Tsarnaev, who's accused of being one of the bombers. Joe Dwinell is managing editor for print-web integration at the Boston Herald.
The Backlash Against Austerity ()
International May Day rallies are supposed to celebrate the dignity of human labor, but with 26 million Europeans out of work and unemployment at 27 percent in Greece and Spain, today's rallies were protests against the consequences of massive spending cuts and increased taxes. Unemployment is setting records in Eurozone countries, and the focus is shifting from reducing debt to growing troubled economies. Some economists are saying "we told you so," bolstered, believe it or not, by discovery of an Excel spread-sheet error in an influential research paper. What will the "austerity" backlash mean for the "sequester" in this country? Are politicians catching up with new ideas of what works and what doesn't?
- Tony Barber: Financial Times
- Neil Irwin: Washington Post, @Neil_Irwin
- Mark Blyth: Brown University
- John Makin: American Enterprise Institute
Gay Rights Push Threatens Immigration Deal ()
The bipartisan Gang of Eight has produced a Senate bill on immigration reform that could make history by passing both houses. Gay rights advocates are insisting that reform allow gay and lesbian Americans to sponsor their foreign-born partners for green cards. Some Senate Democrats say they're all right with that, but for Republicans it's another matter. What would a gay-rights amendment do to the bill's chances? Carrie Budoff Brown is White House reporter for Politico.
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