Rock and Roll Economics

Here's What's Happening Here at the White House DAILY SNAPSHOT Thursday, June 13, 2013 Featured  Rock and Roll Economics Chairman of the Council of Economic Advisers Alan Krueger was at the Rock and Roll Hall of Fame last night to talk about what it's going to take to strengthen the middle class in the United States.  It might come as a surprise, but rock and roll has more to say about wealth inequality than you might think, as he explained last night. One big theme of Krueger's speech was that children born into countries with higher levels of income inequality are less likely to move up from one income bracket to another later in life -- it's called The Gatsby Curve.  Learn more about that here or check out the whole speech here. The Great Gatsby Curve illustrates the connection between concentration of wealth in one generation and the ability of those in the next generation to move up the economic ladder compared to their parents. Top Stories What is The Great Gatsby Curve? "The Great Gatsby." You’ve probably heard of it -- a novel by F. Scott Fitzgerald and now a movie (again) that highlights the inequality and class distinctions in America during the Roaring 20s. But, unless you’re an economist, you’ve likely never heard of The Great Gatsby Curve before this email. READ MORE Pride at the White House Every year since taking office, President Obama has invited members and allies of the LGBT community to celebrate Pride Month at the White House. Today, the President is hosting this event for the fifth time to reflect upon the progress we’ve made and recommit to the work that lies ahead. READ MORE President Obama Nominates Betsey Stevenson to Council of Economic Advisers On Monday, President Obama announced his intent to appoint Betsey Stevenson, an economist at the University of Michigan focusing on labor, women, and families, to the Council of Economic Advisers. His announcement comes on the heels of his appointment of Jason Furman to succeed Alan Krueger as Chairman of Council of Economic Advisers. READ MORE Today's Schedule All times are Eastern Standard Time (EST) 12:05 AM: The President arrives Joint Base Andrews 12:20 AM: The President arrives the White House 11:00 AM: The President and the Vice President receive the Presidential Daily Briefing 11:40 AM: The President meets with Congressman John Dingell 12:15 PM: Press Briefing by Press Secretary Jay Carney WATCH LIVE 4:45 PM: The Vice President attends a reception honoring Representative John Dingell 5:05 PM: President Obama Speaks at the LGBT Pride Month Celebration WATCH LIVE 7:00 PM: The Vice President attends an event for the Democratic National Committee Facebook    Twitter   |   More Ways to Engage Did Someone Forward This to You? Sign Up for Email Updates This email was sent to cableman1957.nosomosrubios1957@blogger.com Sign Up for Updates from the White House Unsubscribe | Privacy Policy Please do not reply to this email. Contact the White House The White House • 1600 Pennsylvania Ave NW • Washington, DC 20500 • 202-456-1111