Fed Pressed on Questions of Diversity
The Federal Reserve faces criticism from lawmakers and others over its record on diversity at the same time the central bank is highlighting the economic outlook for minority groups.
...
The Federal Reserve faces criticism from lawmakers and others over its record on diversity at the same time the central bank is highlighting the economic outlook for minority groups.
Several Democrats on the Senate Banking Committee questioned Fed Chairwoman Janet Yellen on Tuesday about the selection process for regional Fed bank presidents, echoing the concerns of advocacy groups who have said the system should be more open and allow more public input.
The 12 regional bank presidents are appointed by regional boards, subject to approval by the Washington, D.C.-based Fed board of governors. As heads of regional Fed branches, they are expected to keep their fingers on the pulse of their local economies and participate on decisions about interest rates. Just two of the current presidents are women and none are black or Hispanic. The last black president stepped down in 1974.
Sen. Elizabeth Warren (D., Mass.) criticized the selection process, saying Washington officials represented little more than a rubber stamp. Earlier this year, Fed governors signed off on the reappointment of most bank presidents until 2021 “without any public debate or any public discussion,” she said.
“If you’re concerned about this, why didn’t you use either of these opportunities to say enough is enough. Let’s go back and see if we can find qualified regional presidents who also contribute to the overall diversity of the Fed’s leadership?” Ms. Warren asked.
“It just shows me that the selection process for regional Fed presidents is broken,” retorted Ms. Warren, calling on Congress to consider changing the process.
The Center for Popular Democracy, a left-leaning advocacy group, has been pressing the Fed for months to increase the diversity of its leadership, as have many Democrats on Capitol Hill who signed onto a letter from Ms. Warren to Ms. Yellen on the matter last month.
Presumptive Democratic presidential nominee Hillary Clinton has also weighed in. Her campaign released a statement saying the Fed “needs to be more representative of America as a whole.”
In a June 13 response to the lawmakers’ letter, Ms. Yellen acknowledged “there is still work to be done” on diversity within the Fed ranks “and I assure you that workforce diversity remains a priority for the Federal Reserve.”
In her prepared testimony Tuesday, Ms. Yellen stressed the need to ensure that the gains from the economic recovery are widely distributed.
She noted that blacks and Hispanics are still suffering some of the effects of the recession in more pronounced ways than other groups. Black and Hispanic workers still face higher unemployment rates than the workforce as a whole, she said.
“It is troubling that unemployment rates for these minority groups remain higher than for the nation overall, and that the annual income of the median African-American household is still well below the median income of other U.S. households,” Ms. Yellen said.
Diverging economic circumstances between white and black households predate the recession but the gaps widened after the financial crisis and have only barely narrowed in the recovery.
A Fed report released alongside Ms. Yellen’s testimony found that black households, which saw their median incomes fall 16% during the recession, are only 88% of the way back to prerecession levels. White households, by contrast, saw incomes fall only 8% and are already back to 94% of prerecession levels, the report said.
It is rare for the Fed to address the economic conditions for individual demographic groups. The central bank’s congressional mandate requires that it seek to hold down unemployment and keep inflation stable for the country as a whole. In the past, Ms. Yellen has said she was sympathetic to the economic troubles of minority groups but stressed the Fed’s options for addressing them were limited.
Ms. Yellen’s comments Tuesday suggest a rising recognition within the Fed that the racial gaps in the economy are becoming more pronounced and that there is a role for monetary policy to play in shrinking those gaps.
“It’s important for us to be aware of those differences and to focus on them as we think about monetary policy and work that the Federal Reserve does in the area of community development,” she said.
Ms. Yellen is set to address the House Financial Services Committee on Wednesday and could face many of the same questions.
By David Harrison
Source
Statement on McDonald’s Pay Increase
For Immediate Release: April 1, 2015
Contact: Ricardo A. Ramírez, rramirez@populardemocracy.org, 202-905-1738
Statement on...
For Immediate Release: April 1, 2015 Contact: Ricardo A. Ramírez, rramirez@populardemocracy.org, 202-905-1738
Statement on McDonald’s Pay Increase
Ana María Archila, Co-executive Director of the Center for Popular Democracy (CPD) released the following statement after McDonald’s announced a pay increase for some of its workers:
“McDonald’s move on salary is a testament to the power of organized workers at the grassroots level: When workers come together to denounce injustice, change happens. But this is not nearly enough – not by a longshot. With the new wages set to average only $9.90 and limited to company-owned stores, and only five days of paid leave, the change is small in both heft and scope.
“While we congratulate workers for moving the ball forward, at the Center for Popular Democracy we pledge to continue the vigorous fight alongside fast food workers for a $15 minimum wage and a fair workweek that gives them a chance at a balanced and dignified life.”
###
Pressure On Hillary To Pick A Progressive Running Mate Mounts
Pressure On Hillary To Pick A Progressive Running Mate Mounts
Few people outside the Beltway and San Antonio, where he was mayor, have ever heard of Julián Castro, the centrist Democrat Clinton picked as her running mate over a year ago. (It's supposed to be...
Few people outside the Beltway and San Antonio, where he was mayor, have ever heard of Julián Castro, the centrist Democrat Clinton picked as her running mate over a year ago. (It's supposed to be a surprise so… shhhhhhhhh.) Anyway, once she settled on Castro she asked him to get a tutor and learn to speak passable español– he already had one, a Jewish lady from Laredo– and she told Obama to give him some cabinet position to raise his stature. (His twin brother, Joaquín, is a New Dem congressman and vigorous Hillary surrogate.) They figured he wouldn't be able to screw anything up if they made him Secretary of Housing and Urban Development. He's been told to stop telling reporters that “Joaquín and I got into Stanford because of affirmative action. I scored 1210 on my SATs, which was lower than the median matriculating student. But I did fine in college and in law school. So did Joaquín. I’m a strong supporter of affirmative action because I’ve seen it work in my own life.” His appeal to fellow Hispanic voters may be limited by his own assimilation. He's the son of Rosie Castro, an inspiring activist who helped found La Raza but he supports “free” trade, including NAFTA, advocates an energy policy that includes fossil fuels, believes in balanced budgets and refers to David Souter as his ideal Supreme Court justice. Hillary's kind of Democrat.
Castro “has all the assets to become the next favorite son,” is how John A. Garcia, a political-science professor at the University of Arizona, puts it. “He has an elite education, which has given him a national network, and a quiet, serious public persona that appeals to a lot of younger Hispanic voters,” Garcia says. “People look at him and say, ‘Finally, we have somebody who won’t screw up.’ Of course, he’s still young, and he might be too good to be true, but if I were betting on the next national Hispanic political leader, I’d bet on Julián.”
In 1984, Mexican-American political activists were thrilled when Walter Mondale publicly considered Cisneros for the Democratic vice-presidential nomination. But second place no longer seems such a great prize. “In 1984, there were 20 million Hispanics in America,” according to the political activist Antonio Gonzalez, who heads the William C. Velasquez Institute. “Today, we are 50 million, and more and more people are registering to vote.” Who they will vote for and what issues will cement their party loyalty is one of the great questions of American politics. This year Democrats hope to exploit the ire among Hispanics over the new G.O.P.-inspired law in Arizona that empowers local police forces to crack down on illegal immigrants.
This week, progressive groups shined a different kind of light on Julian-boy-wonder than he's been used to. I got this from Rootstrikers, for example, yesterday:
Imagine if the federal government was helping big bankers on Wall Street profit off the foreclosure crisis they helped create.
Sadly, you don’t have to imagine.
Under Secretary Julian Castro, the federal housing department has operated an egregious Wall Street giveaway.
The program is supposed to stabilize communities by transferring overdue mortgage loans to institutions that will help homeowners avoid foreclosure– instead, 98% of recent mortgage sales have gone straight to Wall Street, and at a HUGE discount.
Today, we’re launching a major campaign at DontSellOurHomesToWallStreet.org with partners representing some of the hardest hit communities. We’re demanding that Secretary Castro stops selling our communities to Wall Street and focuses on helping people stay in their homes.
Housing advocates have been advocating for fixes to this “Distressed Assets Stabilization Program” for years.
Big names have spoken up too– last year, Sen. Elizabeth Warren called out the department for “lining up with the Wall Street speculators.”
Under pressure, last April Secretary Castro’s Department of Housing and Urban Development promised to reform the program and help homeowners avoid foreclosure by selling more overdue mortgage loans to nonprofit community organizations rather than Wall Street banks.
Those were empty promises. The two most recent sales under Secretary Castro have sent 98% of the mortgages straight to Wall Street– and at rock-bottom prices.
A measly 1% got sold to nonprofit community organizations, which can better work with homeowners to figure out a plan to keep them in their homes.
Just last week, Progressive Caucus Co-Chair Raul Grijalva sent a letter to Secretary Castro calling for fundamental reforms of HUD’s mortgage sales.
Today, we’re joining that effort alongside a national coalition of 14 housing advocacy, civil rights, and progressive groups, from Presente.org to the Working Families Party to MoveOn.org.
And here’s another reason our pressure is likely to work:
Julian Castro is widely rumored to be a likely vice-presidential nominee. But becoming vice president will be tough if he doesn’t first prove he’s willing to take on Wall Street, and not just pad their profit margins.
Politico's Edward-Issac Dovere asserted yesterday that the dozen groups stirring the pot on Castro were sending a message to Hillary. “They’re just as open with their political aims,” he wrote: “to publicly discredit Castro as a progressive, latching onto the mortgage issue to seed enough suspicion to keep him off Clinton’s shortlist.
“It’s a situation where the Clinton campaign wants Castro to be a major asset to her chances of winning the White House, and unless he changes his position related to foreclosures and loans, he’ll be a toxic asset to the Clinton campaign,” said Matt Nelson, the managing director for Presente.org, the nation’s largest Latino organizing group that focuses on social justice.
“All year, we’ve seen the candidates tripping over themselves to show how tough they’ll be on Wall Street,” said Kurt Walters, the campaign manager for Root Strikers, a 501(c4) group of Demand Progress and its 2 million affiliated activists, who is planning to deliver the petitions to Castro’s office when they’re ready. “Then to turn around and take a step backwards on that exact question, and put someone who has been doing the exact opposite– I think it would be tough for a lot of people who care about Wall Street accountability to get excited about that pick.”
…“If Secretary Castro fails to create significant momentum in terms of stopping the sale of mortgages to Wall Street, then I do think it disqualifies him. But there’s time left on the clock,” said Jonathan Westin, the director of New York Communities for Change, which was formed out of the remains of the community activist group ACORN. “I think a lot of the progressive movement would not be in support of a Castro ticket if he fails to make traction here.”
…Maurice Weeks, an Atlanta-based organizer who works on housing justice in communities of color for the Center for Popular Democracy/CPD Action, said that Castro’s lack of action at HUD is breeding more gentrification and suffering in a way that should make blacks and Latinos pay attention.
…[Color of Change's Brandi] Collins said this complaint about Castro’s leadership is reflective of a whole range of issues her organization has had with what members say is the secretary’s closeness to Wall Street and lack of attention to black and brown communities.
“If he’s not showing up for our communities while the cameras aren’t there, we don’t know that he’ll show up when he’s on his way to the White House,” Collins said.
According to Julia Gordon, formerly at the Center for American Progress and currently an executive vice president at the National Community Stabilization Trust, the coalition may have a point– if only because it is taking advantage of opaque accounting at HUD. Gordon said she’s met often with HUD about these issues but hasn’t seen the kind of progress she’d like or evidence that the program matches the claims that officials make.
“We know it’s been good for investors. According to HUD, it’s been good for the fund, although the level of detail that they release to account for it is minimal. We really don’t know how good it’s been for the homeowners, and that’s where this wave of protests is coming from,” Gordon said… “Both HUD and [the Federal Housing Finance Agency] have let down communities by not focusing on what they want the buyer to do with these,” Gordon said, arguing that they’ve been focused instead on offloading the debt. “They’re just like, ‘Get it away from me.’”
The idea that Castro would be the first Latino on a national ticket means something, Nelson said, though he argued that this only adds to the burden for the secretary to show leadership on the mortgage issue in the way progressives want at this moment of added attention to their concerns.
Nelson said that at Presente, they think of it like a parable– it doesn’t make it any better to be hurt if the hurt is coming from one of their own.
There are two trees in a forest, Nelson said, and they see an ax coming to chop them down. “Don’t worry,” says one tree to the other, “the handle’s one of us.”
“Basically,” Nelson said, “we’re fighting to make sure Castro isn’t the handle.”
I'd guess Elizabeth Warren would be Bernie's first choice and that, given his age, she'd be the nominee for president in 2020. What a one-two punch that would be! Imagine a first woman president that is going to make voters think, we should get more like that!
“When fascism comes to America, it will be wrapped in the flag and carrying the cross.” — Sinclair Lewis
Source
Secrecy Surrounds Half Billion Handout to Charters
The U.S. Department of Education is poised to spend half a billion dollars to help create new charter schools, while the public is being kept in the dark about which states have applied for the...
The U.S. Department of Education is poised to spend half a billion dollars to help create new charter schools, while the public is being kept in the dark about which states have applied for the lucrative grants, and what their actual track records are when it comes to preventing fraud and misuse.
Already the federal government has spent $3.3 billion in American tax dollars under the Charter Schools Program (CSP), as tallied by the Center for Media and Democracy (CMD).
But the government has done so without requiring any accountability from the states and schools that receive the money, as CMD revealed earlier this year.
Throwing good money after bad, Education Secretary Arne Duncan called for a 48 percent increase in federal charter funding earlier this year, and the House and Senate budget proposals also call for an increase—albeit a more modest one—while at the same time slashing education programs for immigrants and language learners.
The clamor for charter expansion comes despite the fact that there are federal probes underway into suspected waste and mismanagement within the program, not to mention ongoing and recently completed state audits of fraud perpetrated by charter school operators.
Earlier this year, the Center for Popular Democracy documented more than $200 million in fraud, waste, and mismanagement in the charter school industry in 15 states alone, a number that is likely to be just the tip of the iceberg.
Is now really the right time to plow more tax money into charters?
Insiders Deliberate Far from the Public Eye
The Department of Education is currently deciding what states to award $116 million this year, and more than half a billion during the five-year grant cycle.
So who is in the running and what are their track records?
Which states have applied for a grant designed to eviscerate the public school system in the name of “flexibility?” (CMD's review of state applications and reviewers' comments from the previous grant cycle exposed “flexibility” as a term of art used by the industry for state laws that allow charter schools to: operate independently from locally elected school boards, employ people to teach without adequate training or certification, and avoid collective bargaining that helps ensure that teacher-student ratios are good so that each kid gets the attention he or she deserves.)
There is no way of knowing.
The U.S Department of Education has repeatedly refused to honor a CMD request under the Freedom of Information Act for the grant applications, even though public information about which states have applied would not chill deliberation and might even help better assess which applicants should receive federal money.
The agency has even declined to provide a list with states that have applied:
“We cannot release a list of states that have applied while it is in the midst of competition."
The upshot of this reticence is that states will land grants—possibly to the tune of a hundred million dollars or more in some cases—all at the discretion of charter school interests contracted to evaluate the applications, but without any input from ordinary citizens and advocates concerned about public schools and troubled by charter school secrecy and fraud.
But, if people in a state know that a state is applying they can weigh in so that the agency is not just hearing from an applicant who wants the money, regardless of the history of fraud and waste in that state.
Charter Millions by Hook or by Crook: The Case of Ohio
Despite ED’s unwillingness to put all the cards on the table, state reports tell us that Ohio has once again applied for a grant under the program.
The state, whose lax-to-non-existing charter school laws are an embarrassment even to the industry, has previously been awarded at least $49 million in CSP money—money that went to schools overseen by a rightwing think-tank, and, more worryingly, to schools overseen by an authorizer that had its performance rating boosted this year by top education officials who removed the failing virtual schools from the statistics so as not to stop the flow of state and federal funds.
As The Plain Dealer put it in an exposé: “It turns out that Ohio’s grand plan to stop the national ridicule of its charter school system is giving overseers of many of the lowest-performing schools a pass from taking heat for some of their worst problems.”
Another component of this plan, it turns out, was to apply for more federal millions to the failing schools that—by a miraculous sleight of hand—are no longer failing.
The director of Ohio’s Office of Quality School Choice, David Hansen, fell on the sword and announced his resignation in June. But Democratic lawmakers suspect that this goes higher up in the chain of command, and have called on State Superintendent Richard Ross to resign.
Did the scrubbed statistics touting the success of Ohio’s charters find its way into the state application for federal millions, signed by Superintendent Ross?
What about other states, such as Indiana, with a similar history of doctoring data to turn failing charter schools into resounding success stories?
After Abysmal Results, States Re-apply for More Money
While the known unknowns are troubling, the known knowns—to paraphrase Donald Rumsfeld—are also equally disturbing.
For example, Colorado applied for grant renewal this year.
But, the last time around, in 2010, the state landed a $46 million CSP grant thanks in no small part to the lax “hiring and firing” rules and the lack of certification requirements for charter school teachers--a reviewer contracted by the U.S. Department of Education to score the application noted.
Look at California.
Through meeting minutes from the California State Board of Education we also know that the Golden State submitted an application this year. In 2010, California was awarded $254 million over five years in CSP money, but as the Inspector General discovered in a 2012 audit, the state department of education did not adequately monitor any of the schools that received sub-grants. Some schools even received federal money “without ever opening to students.” A review by CMD revealed that a staggering 9 out of the 41 schools that shuttered in the 2014-'15 school year were created by federal money under CSP.
How about Wisconsin?
Wisconsin received $69.6 million between 2010 and 2015, but out of the charter schools awarded sub-grants during the first two years of the cycle, one-fifth (16 out of 85) have closed since, as CMD discovered.
Then there’s Indiana.
Indiana was awarded $31.3 million over the same period, partly because of the fact that charter schools in the state are exempt from democratic oversight by elected school boards. “[C]harter schools are accountable solely to authorizers under Indiana law,” one reviewer enthused, awarding the application 30/30 under the rubric “flexibility offered by state law.”
This “flexibility” has been a recipe for disaster in the Hoosier state with countless examples of schools pocketing the grant money and then converting to private schools, as CMD discovered by taking a closer look at grantees under the previous cycle:
The Indiana Cyber Charter School opened in 2012 with $420,000 in seed money from the federal program. Dogged by financial scandals and plummeting student results the charter was revoked in 2015 and the school last month leaving 1,100 students in the lurch.
Padua Academy lost its charter in 2014 and converted to a private religious school, but not before receiving $702,000 in federal seed money.
Have They Learned Anything?
Secretary Duncan has previously called for “absolute transparency” when it comes to school performance, but that’s just a talking point unless he releases the applications, or even a list of the states that are in the running, before they are given the final stamp of approval.
As it stands, there is no way of knowing if the state departments of education seeking millions in tax dollars:
Have supplied actual performance data that reflect the reality for students enrolled in charter schools rather than “scrubbed” or doctored numbers;
Try to outbid each other in “flexibility” by explaining, say, how charter schools in X can hire teachers without a license and fire them without cause. In its 2010 application, the Colorado Department of Education, for example, boasted of how charter school teachers are “employed at will by the school”;
Have corrective action plans so as to avoid repeating the costly waste and mistakes from the previous grant cycle (such as schools created by federal seed money closing within a few years or never even opening).
Because the federal charter schools program is designed to foster charter school growth, which in turn means that money will be diverted from traditional public schools to an industry that resists government enforcement of basic standards for financial controls, accountability, and democratic oversight, the public has a big stake in this and a right to know more, before their money disappears down black holes.
Source: PR Watch
Woman Who Confronted Jeff Flake in the Elevator: 'I Wanted Him to Feel My Rage'
Woman Who Confronted Jeff Flake in the Elevator: 'I Wanted Him to Feel My Rage'
The protesters who cornered Flake just before he voted on Kavanaugh's confirmation spoke out about why they did it.
...
The protesters who cornered Flake just before he voted on Kavanaugh's confirmation spoke out about why they did it.
Read the full article here.
Charter School Issues Discussed
WBGZ Radio - February 1, 2015, by Dave Dahl - Charter schools in Illinois are in the cross hairs of a new report alleging a lack of accountability leading to between $13 million and $27 million in...
WBGZ Radio - February 1, 2015, by Dave Dahl - Charter schools in Illinois are in the cross hairs of a new report alleging a lack of accountability leading to between $13 million and $27 million in fraud.
“At a time when (Chicago Public Schools are) crying broke, and public schools are grossly under-resourced, and there’s a public demand for transparency and accountability around every corner,” says Action Now executive director Katelyn Johnson, “it seems unconscionable that CPS and the state of Illinois would not invest in rigid financial oversight of charter schools.”
Johnson’s group is supporting the Center for Popular Democracy in the report, “Risking Public Money.”
Andrew Broy has a differing viewpoint. He’s the president of the Illinois Network of Charter Schools and dismisses the other two groups as union-funded and anti-charter to begin with.
“The question” about accountability, he says, “is if there are challenges with an internal governing board, how do we uncover that and make sure it’s taken care of, and the current law equips districts with all the tools they need to make sure that happens.”
Source
Im Hinterhof eines Mythos
Silicon Valley - Sitz von Google, Facebook und Co.: If you can make it there, you'll make it anywhere. Was aber, wenn man es nicht schafft? Oder wenn man kein Hightech-Jünger ist, sondern einfach...
Silicon Valley - Sitz von Google, Facebook und Co.: If you can make it there, you'll make it anywhere. Was aber, wenn man es nicht schafft? Oder wenn man kein Hightech-Jünger ist, sondern einfach nur Busfahrer? Das Silicon Valley ist das krasseste Exempel der immer weiter auseinander driftenden US-Gesellschaft.
Das Silicon Valley ist die Pilgerstätte der Hightech-Jünger, ein Magnet für Talente aus aller Welt. Eingeklemmt zwischen Pazifik und San Francisco Bay, liegt die Heimat von Apple, Intel, Google, von Hewlett-Packard, Oracle, Facebook und etlichen weiteren Technologiefirmen - und von knapp drei Millionen Menschen. Während die Hard- und Softwarefirmen Spitzengehälter zahlen, fallen die Einkommen der weniger noblen Jobs.
Wer als Lehrer, Verkäufer, Busfahrer oder Maurer arbeitet, kann sich ein Leben im superteuren Silicon Valley kaum mehr leisten, die Zahl der "working poor" wächst - also derjenigen, die trotz Job in Armut leben. Auch die Zahl der Obdachlosen nimmt zu. Der soziale Abstieg kommt mitunter rasant: Eine Trennung, eine Firmenpleite oder ein Unfall können auch einen Aktienmillionär über Nacht zum Sozialfall machen. In den Hinterhöfen des Valley finden sich immer mehr Asyle und Ausgabestellen für Essen und Kleidung. Die Schlangen sind lang für die, die im Schatten des amerikanischen Traums leben.
Das Silicon Valley
"Silicon Valley" ist nur ein Spitzname. Weil Silicon – Silizium – der Grundstoff der Computerchips ist, die hier erfunden wurden. Computerchips, die längst auch in Smartphones, Autos, Spielzeug und Küchenmaschinen stecken. Das Silizium-Tal liegt zwischen San Francisco und San Jose auf einer Halbinsel, die im Westen vom Pazifik und den Santa Cruz Mountains begrenzt wird, im Osten von der San Francisco Bay und, dahinter, dem Höhenzug Diablo Range.
Source: Bayern
Jobs Numbers Offer No Evidence for Rate Increase in September; All Data Points to Persistent Labor Slack, No Signs of Inflation
“Today’s jobs numbers offer even more proof that the Fed officials insisting on raising interest rates at the next Federal Open Market Committee meeting are refusing to look at reality. The latest...
“Today’s jobs numbers offer even more proof that the Fed officials insisting on raising interest rates at the next Federal Open Market Committee meeting are refusing to look at reality. The latest numbers confirm what we have already known: labor slack persists, inflation is not a threat, and an interest rate hike would be premature, with devastating effects on working people, particularly communities of color.
“Wage growth has been flat for the last 5 years and the latest numbers do not show signs of significant acceleration. Furthermore, the employment to population ratio remains well below its pre-recession levels. These indicators of labor slack are – yet again – coupled with no evidence pointing to a threat of inflation. The data just does not support a rate increase. The data just does not support a rate increase. If the Fed wants to maintain credibility as a data-driven institution, it cannot not increase rates.
“Many Fed members have hinted at an imminent interest rate liftoff in September, but these numbers show that a rate increase should – at the very least – be off the table for the remainder of 2015. A premature interest rate hike would sacrifice potentially millions of jobs and hundreds of millions in wages – disproportionately lost by people of color. The latest jobs numbers show just how inadvisable – and damaging – a September rate hike would be.”
Rod Adams, a member of the community-based organization Minnesota Neighborhoods Organizing for Change (MNNOC), and a member of the Fed Up Campaign added:
“I worked my way through college, sometimes working the closing shift at Chipotle until 2 am and coming back to open at 6 am. I worked hard, studied hard, and gave up sleep so I could get a better job. This spring, I graduated with my associate's in business management, but I’ve been looking for a job since April. I still can’t find anything to match my skills.
“It’s not only me. My friends with four-year degrees can only find jobs at McDonald’s or Taco Bell. I didn’t go to college so I could make $10.10 working fast food. I have a daughter. I can't support myself and my daughter working at one of these places. I’m worth more than $10.10. The Fed needs to listen to what real people have to say. We are not just data on spreadsheets. We are real people with real bills. If the Fed raises the interest rates, what’s going to happen to my wages?”
To schedule interviews with Connie Razza, send an email topress@populardemocracy.org.
###
The Center for Popular Democracy promotes equity, opportunity, and a dynamic democracy in partnership with innovative base-building organizations, organizing networks and alliances, and progressive unions across the country. CPD builds the strength and capacity of democratic organizations to envision and advance a pro-worker, pro-immigrant, racial justice agenda.
May Day Protesters Gather Outside JP Morgan Chase HQ in Manhattan
May Day Protesters Gather Outside JP Morgan Chase HQ in Manhattan
New Yorkers kicked off May Day protests early on May 1, marching from Bryant Park to the JP Morgan Chase headquarters in Manhattan, where they attempted to block the entrance. Over a dozen arrests were made, according to local reports.
The protesters outside JP Morgan were joined by others outside the Wells Fargo building as part of a larger Take on Corporate Backers of Hate March, targeting the corporate entities for financing Immigration and Customs Enforcement (ICE) detention centers and private prisons across the country.
Read full article here.
Advocacy group calls for more oversight of California charter school spending
Advocacy group calls for more oversight of California charter school spending
A lack of transparency and inadequate oversight can set up the potential for waste, fraud, and abuse. A 2015 report from the Alliance to Reclaim Our Schools and the Center for Popular Democracy...
A lack of transparency and inadequate oversight can set up the potential for waste, fraud, and abuse. A 2015 report from the Alliance to Reclaim Our Schools and the Center for Popular Democracy, entitled “The Tip of the Iceberg,” reported over $200 million lost to fraud, corruption and mismanagement in charter schools.
Read the full article here.
21 hours ago
11 days ago