Speeding up America’s payment networks, Sanders’ pro-worker agenda, and Angela Merkel's would-be successors.
Editor's note: Brookings is closely monitoring developments with the global spread of COVID-19, the disease caused by a novel coronavirus. Out of an abundance of caution, we are asking any visitors to the Brookings Institution in Washington, D.C. to reschedule their visit, tune in to events via webcast, or conduct their meeting by phone or videoconference if they or someone they reside with has traveled within the past 14 days to a country designated by the U.S. Centers for Disease Control as “Level 3 – Avoid Nonessential Travel” or “Level 2-Practice Enhanced Precautions.” | What Bernie’s populism says about the job market Bernie Sanders’ populist appeals to workers have resonated with millions across the United States. Would his plans address the underlying causes of wage stagnation and inequality? Erica Groshen and Harry Holzer discuss what it will take to enact an ambitious pro-worker agenda. Read more | The fratboys vying to succeed Angela Merkel “[T]he truth is that women continue to be woefully under-represented in most areas of German public life—including the CDU. Its new leadership contenders give no indication that they think that might be a problem.” Constanze Stelzenmüller takes a look at the three men vying to succeed German Chancellor Angela Merkel. Read more | We shouldn’t have to wait for FedNow to have faster payments Last August, the U.S. Federal Reserve announced FedNow, a service to help financial institutions deliver faster payment services to customers. While the move is welcome, Aaron Klein and George Selgin say the Fed must do much more in the short term to improve the speed and efficiency of America’s payment networks. Read more | The conclusions and recommendations of any Brookings publication are solely those of its author(s), and do not reflect the views of the Institution, its management, or its other scholars. | |