‘Our Town’ benefit raises $500,000 for Puerto Rico
A SUPERHERO EFFORT on Monday night at the Fox Theatre raised more than $500,000 for hurricane relief in Puerto Rico....
A SUPERHERO EFFORT on Monday night at the Fox Theatre raised more than $500,000 for hurricane relief in Puerto Rico.
The event: a starry staged reading of Thornton Wilder’s great American play Our Town, organized by actor Scarlett Johansson and directed by True Colors Theatre’s Kenny Leon.
Read the full article here.
Clinton Wants Bankers Off Regional Fed Boards
Democratic presidential candidate Hillary Clinton joined the fray Thursday in the debate over how the nation’s central...
Democratic presidential candidate Hillary Clinton joined the fray Thursday in the debate over how the nation’s central bank operates, saying banking industry insiders need to be removed from the Federal Reserve System.
Mrs. Clinton’s campaign said, if elected, she would appoint officials who will carry out “unwavering oversight” of the financial sector and “defend” both sides of the central bank’s inflation and employment mandates. The campaign also said “commonsense reforms—like getting bankers off the boards of regional Federal Reserve banks—are long overdue.”
Mrs. Clinton’s comments on central bank changes appeared to be her first on the topic in a campaign season where the Fed has intermittently been an issue, albeit mostly on the Republican side. Mrs. Clinton’s views emerged on a day in which dozens of Democratic congressional members, led by Sen. Elizabeth Warren of Massachusetts and Rep. John Conyers Jr. of Michigan, criticized the central bank for a leadership largely made up of white males with business and finance backgrounds.
While the Fed is led by its first-ever woman chief, all of its governors are white and three of the five are men. Of the 12 regional bank presidents, none are black and 10 are men. The last African-American to serve in a key leadership role left in 2006.
The letter to Ms. Yellen, referencing a recent study by the left-leaning Center for Popular Democracy’s Fed Up Coalition, also flagged a lack of diversity among the boards of directors that oversee the regional Fed banks. The letter said a Fed that doesn’t look like the nation it works for will struggle to make policy that benefits an increasingly diverse nation. Regional Fed board members are drawn from the private sector to watch over institutions that are quasi-private. By law, the boards are supposed to represent their broader communities with three classes of directors reserved for differing interests, including the financial sector, in a process set out by a complicated set of rules. These boards oversee regional Fed bank operations, provide local economic insights and help select new bank presidents.
But the presence of bankers on the boards, representing firms regulated by the Fed, has been a sore spot for Fed critics. Over the years, the New York Fed faced notable controversies on this front.
Recent legal changes have removed financial-market participants from the process of selecting new bank presidents. Also, the Fed’s regulatory operations are managed in Washington even as they operate out of regional banks, and are insulated from the influence of the regional boards. Most regional Fed boards are spoken of in glowing terms by their respective bank presidents.
Financial-market professionals are well represented among Fed leaders. Most top central bankers are either economists by training or former bankers. The leaders of the New York, Minneapolis, Dallas and Philadelphia Fed banks all have worked in some capacity for investment bank Goldman Sachs. Current Fed Vice Chairman Stanley Fischer was vice chairman of Citigroup from 2002 to 2005.
Mrs. Clinton’s desire to remove financial-sector leaders from the regional Fed boards would mark a historic change for a central bank that was founded on the mission of promoting financial stability, and whose monetary policy actions work through private financial-market channels to affect the performance of the broader economy.
In response to the congressional letter, the Fed said in a statement that when it comes to the members of the regional boards, “by law, we consider the interests of agriculture, commerce, industry, services, labor, and consumers. We also are aiming to increase ethnic and gender diversity.“ It also said there has been a rise in both racial and gender diversity on the regional Fed boards, with 46% of all directors now meeting the label of “diverse.”
A recent overhaul proposal by former top Fed staffer Andrew Levin, now a professor at Dartmouth College, called for the regional Fed banks to be made fully public, ending their private ownership structure operating within the Fed board, which is explicitly part of the government. Mr. Levin also called for directors representing firms regulated by the central bank to be removed.
By MICHAEL S. DERBY
Source
Total spending on Colorado campaigns initiatives nears $48 million so far
Total spending on Colorado campaigns initiatives nears $48 million so far
More than $3 million in contributions aided the slate of statewide initiatives in the final campaign finance reporting...
More than $3 million in contributions aided the slate of statewide initiatives in the final campaign finance reporting period before next Tuesday’s election, with more than $1 million in last-minute money bolstering the effort to increase Colorado’s minimum wage.
The two proposals to create a presidential primary and allow unaffiliated voters to participate in primaries also got a healthy infusion of cash, as did the measure that would make it harder to amend the state constitution.
The late flow of contributions pushed the total raised for Colorado’s ballot initiatives to nearly $48 million.
The effort concerning primary elections, spearheaded by Let Colorado Vote, the issue committee funding the campaigns for both Proposition 107 and 108, brought in more than $600,000.
Most of that came from Kent Thiry, who personally gave $300,000, and DaVita Health Care Partners, the company he heads, which pitched in $100,000. Thiry has given nearly $1.4 million of about $4 million that has gone toward those initiatives. Noble Energy joined the effort with a $200,000 contribution.
2016 COLORADO BALLOT MEASURES
Amendment 69: ColoradoCare
Amendment 70: Minimum Wage
Amendment 71: Constitutional changes
Amendment 72: Cigarette taxes
Proposition 106: Aid-in-dying
Proposition 107: Presidential primaries
Proposition 108: Unaffiliated voters
Amendment T: Slavery reference
Amendment U: Property taxes
Ballot Issue 4B: Arts funding
Organized opposition to the propositions has been sparse, with Citizens for Integrity reporting only a total of about $51,000 in non-monetary contributions for the campaign.
More than a half-million dollars rolled into the Raise the Bar campaign supporting Amendment 71, which would make it tougher to get citizen initiatives onto the statewide ballot and require more than a simple majority to pass them.
All but a small slice of that came from energy interests, who put in just shy of $500,000 in this reporting period through Protecting Colorado’s Environment, Economy and Energy Independence, which has given more than $2.8 million over the course of the campaign. After initially anticipating a fight against anti-fracking initiatives that ultimately didn’t make the ballot, Protecting Colorado shifted its resources to Amendment 71, which could make it even more difficult for anti-fracking forces to put measures before voters.
Opposition from the Colorado League of Responsible Voters has pumped nearly $840,000 into a campaign against the measure, including $500,000 from the National Education Association and a $100,000 contribution from the River Habitat Preservation Coalition.
A surge in cash donations supported Amendment 70, which would establish a new minimum wage in Colorado. It received much of the more than $1 million in contributions from unions and other organizations that have been supporting minimum wage increases on ballots around the country.
The Colorado campaign now totals nearly $5 million.
The Center for Popular Democracy Action Fund, based in New York, pitched in $400,000 to push its total for the campaign over $1 million; the National Education Association and Washington-based Service Employees International Union political action committee gave a series of six-figure contributions.
Opponents, who have raised about $1.7 million, brought in $154,920 on the strength of a handful of five-figure donations, including $50,000 from Greenwood Village-based Colorado Citizens Protecting Our Constitution.
Opposition to Amendment 72, the increased tax on tobacco products, has been funded by more than $16 million from Virginia-based tobacco giant Altria, but reported no additional cash contributions — though that campaign remains by far the most well-funded effort among all statewide ballot measures.
The Campaign for a Healthy Colorado, which has backed the tax that would fund a variety of health-related programs and seek to reduce smoking among young people, added nearly $150,000 — most from health-related entities. It also benefited from a $10,000 donation from Colorado Rockies owner Charlie Monfort.
Contributions to the medical aid-in-dying measure, Proposition 106, appeared to be winding down, though it remained a distant second in fundraising to the tobacco tax with about $8 million raised from both sides.
Supporters of the initiative added a little more than $73,000 to their $5.4 million total, with $50,000 of that coming from Aspen’s Adam Lewis, son of the late Progressive insurance chairman Peter Lewis. Opponents, whose $2.6 million in total contributions has been fueled largely by faith-based organizations led by the Catholic church, added about $255,000. The largest contribution came from Washington, D.C.-based The Catholic Association.
The battle over ColoradoCare, the proposed state-run health care option, also calmed on the campaign finance front, with both sides adding relatively modest five-figure contributions. Opponents of the system have raised more than $4 million while those advancing the initiative have raised less than a half-million dollars.
By The Denver Post
Source
Denver Receives $5 Million Challenge Grant To Promote Naturalization In The United States.
Denver Receives $5 Million Challenge Grant To Promote Naturalization In The United States.
The “America is Home” Initiative will be administered by the National Partnership for New Americans (NPNA). Cities for...
The “America is Home” Initiative will be administered by the National Partnership for New Americans (NPNA). Cities for Citizenship is co-chaired by Mayors Garcetti, Mayor Emanuel, and Mayor de Blasio of New York City. The Center for Popular Democracy is a member of the C4C Executive Committee, and Citi Community Development is the founding Corporate Partner. The C4C “America is Home” Initiative is offered in cooperation with the New Americans Campaign (NAC). NPNA and NAC are two leaders in the U.S. promoting naturalization and are well positioned to bring naturalization to scale and expand to new cities.
Read the full article here.
Voters Want Less Charter School Growth and More Regulation, Survey Finds
Ed Week - March 3, 2015, by Arianna Prothero - A national poll of U.S. voters finds that although a majority of voters...
Ed Week - March 3, 2015, by Arianna Prothero - A national poll of U.S. voters finds that although a majority of voters support charter schools, they aren't necessarily in favor of expanding them.
The survey, conducted for In the Public Interest and the Center for Popular Democracy—two groups involved in education policy and skeptical of charters—found participants largely favor charter school reform proposals such as requiring open board meetings, regular audits, and policies to help shield district schools from the impact of charter schools opening up nearby.
The two organizations are partnering to push a series of charter school accountability proposals. The initiative, called the Charter School Accountability Agenda, was unveiled in tandem with the poll results and quickly received support from the American Federation of Teachers, one of the two national teachers' unions. The proposals are based off of a September report released from Brown University's Annenberg Institute for School Reform.
However, the survey also found that lack of school choice falls last on a list of education concerns, including issues such as class-size and parental involvement.
Sixty-two percent of those surveyed said they either wanted the number of charter schools in their area maintained or reduced.
Forty-four percent said they favored charter schools when asked without a description of what charters are, but that number climbed to 52 percent when participants were provided a description. Eighteen percent said they opposed charter schools when not given a definition, and 38 percent said they opposed charter schools after seeing a description.
When asked if charter schools are public or private schools, 30 percent said the former and 58 percent checked the latter.
Those results are somewhat reminiscent of another poll conducted recently by Gallup, which found strong support for charter schools even though many people didn't really understand how charters work.
The public polling firm GBA Strategies surveyed 1,000 people, selected randomly from a national voter file, on behalf of the Center for Popular Democracy and In the Public Interest. You can dig into more of the survey results here.
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Paid Sick Days Advocates Applaud De Blasio & Mark-Viverito On Expansion Of Earned Sick Time
FOR IMMEDIATE RELEASE: JANUARY 17, 2014 CONTACTS: See below NEW YORK – Today, Mayor Bill de Blasio and newly...
FOR IMMEDIATE RELEASE: JANUARY 17, 2014
CONTACTS: See below
NEW YORK – Today, Mayor Bill de Blasio and newly elevated City Council Speaker Melissa Mark-Viverito jointly announced their intention to expand the Earned Sick Time law passed last year with support from the NY Paid Sick Days Coalition.
Specifically, their proposal will close the following loopholes in the Earned Sick Time Act:
Employers with 5-14 workers must now provide paid sick days to their workers. Employers with 15-19 workers must provide paid sick days immediately rather than waiting until 2015. Workers may now use their earned sick time to care for a sibling, grandchild or grandparent. Certain manufacturing employees previously left out will now be covered by the law. City agencies will now be able to proactively enforce the law rather than relying solely on worker complaints.The NY Paid Sick Days coalition includes over ninety organizational members, representing labor unions, public health organizations, educators and children’s advocates, women’s groups, economic justice groups, civil rights leaders, faith leaders, business owners and associations, research organizations, senior advocates, and immigrants’ rights groups.
QUOTES FROM COALITION MEMBERS
Center for Popular Democracy:
The following quote can be attributed to Amy Carroll, deputy director of the Center for Popular Democracy:
“We applaud Mayor de Blasio and Speaker Mark-Viverito for championing and expanding the Earned Sick Time Act. It signals a new day for New York workers and their families that their needs will come first in this administration. We look forward to working with the administration and the council to create policy that will close the income gap and create a more affordable, inclusive city for everyone.” 32BJ SEIU:
The following quote can be attributed to Hector Figueroa, president of 32BJ Service Employees International Union:
“We applaud Mayor de Blasio and Speaker Mark-Viverito for making good on their campaign promises to expand the Paid Sick Act. Although our members can afford to get sick, many of their family members and their neighbors have been forced to choose between their health and their livelihoods. This bill is an important first step in the fight for real income equality in this city and we look forward to working with the administration to make sure this bill and others aimed at improving the quality of life for New York’s working families become law.”
A Better Balance:
The following quote can be attributed to Sherry Leiwant, co-president of A Better Balance:
“A Better Balance is thrilled that the Mayor is expanding the Earned Sick Time Act we helped negotiate last year to provide paid sick days to so many of the workers excluded under that law. Thank you to Mayor de Blasio and Speaker Mark-Viverito for recognizing that New Yorkers should not be forced to choose between their jobs and their own or their family's health."
Community Service Society:
The following quote can be attributed to David R. Jones, president and CEO of the Community Service Society:
"Amending the paid sick leave law to cover more of New York City's smaller businesses is critical because employees of these businesses are the ones who most often now lack access to even one paid sick day. Our latest Unheard Third data shows that the original law effectively leaves out more than a third of the workers now without a single paid sick day -- and just gives them job protection in the form of unpaid leave. CSS applauds the mayor and speaker for their efforts to create a more stable and healthier workforce while ensuring that more low-wage workers receive a basic labor standard that most higher-income earners take for granted."
Make the Road New York:
Leonardo Fernando, member of Make the Road New York, is an immigrant worker originally from Mexico. He works at a car wash in Queens and he said: "I have lived and worked in this country for nine years, and I've never had paid sick days. The business where I work now, Fresh Pond Car Wash, would be covered under this new paid sick days law because it has thirteen employees. We work long shifts, in the heat and the cold, and we use hazardous chemicals. But I never take a day off, even when I'm sick, because I have four children to support and I can't afford to miss a day's pay or risk losing my job. I've gone to work with a fever and with the flu, and I'm so happy that I'll be able to take the day off when I'm too sick to work. I would like to thank Mayor Bill de Blasio and the New York City Council for expanding the paid sick days law and making this one of the new administration's first priorities."
New York City Central Labor Council, AFL-CIO:
The following quote is attributable to Vincent Alvarez, President of the New York City Central Labor Council, AFL-CIO: "A healthy workforce is a more dedicated and focused workforce. I applaud Mayor de Blasio and Speaker Mark-Vivierito for taking this step in the right direction toward expanding the historic Earned Sick Time law that was passed last year, and making it a real priority to improve conditions for hundreds of thousands of our city's workers. The New York City labor movement is committed to continuing to work with the Mayor and the Speaker to ensure that our city's workers are treated with the dignity and respect they deserve. "
New York Paid Leave Coalition:
The following quote can be attributed to Martha Baker, New York Paid Leave Coalition:
“The NYC Paid Sick Days Coalition applauds Mayor de Blasio for proposing amendments to the recently passed Earned Sick Time Act that will provide paid sick days on April 1, 2014 to hundreds of thousands of workers not covered by the original bill. We are delighted that the bill has been expanded and that the Mayor recognizes how important it is that New York City workers have access to paid sick days.”
Restaurant Opportunities Center of New York:
The following quote can be attributed to Daisy Chung, executive director of the Restaurant Opportunities Center of New York:
"We are pleased that Mayor de Blasio and Speaker Mark-Viverito are moving quickly to give more workers the right to paid sick days. With these changes, many restaurant workers who work in the city's smaller restaurants will now have the right to paid sick days. We look forward to working with the Mayor and Speaker to strengthen the Earned Sick Time Act even further so it can be used as a model for the rest of the country."
Working Families Party:
The following quote can be attributed to Dan Cantor, executive director of the Working Families Party:
"This is the first sign of what the new administration could mean for New York. Mayor de Blasio has done what every sensible New Yorker knows he should, and he didn't waste any time. The expansion of paid sick days delivers on a basic tenet of fairness -- that no one should face a choice between their families, their jobs, or their health."
CONTACTS:
Meredith Kolodner, 32BJ SEIU: 917-881-3896
Sherry Leiwant, A Better Balance, 917-535-0075
TJ Helmstetter, Center for Popular Democracy: 973-464-9224
Jeff Maclin, Community Service Society: 212-614-5538
Hilary Klein, Make the Road New York: 347-423-8277
Cara Noel, NY Central Labor Council, AFL-CIO: 212.604.9552
Martha Baker, NY Paid Leave Coalition: 917-992-5300
Rahul Saksena, Restaurant Opportunities Center of New York: 203-561-2959
Khan Shoieb, Working Families Party: 347-596-6389
STUDY: LGBT People of Color at Risk of Lifelong Poverty
The Advocate Magazine - April 23, 2015, by Trudy Ring - Legal discrimination, lack of family recognition, and lack of...
The Advocate Magazine - April 23, 2015, by Trudy Ring - Legal discrimination, lack of family recognition, and lack of safe educational environments put LGBT people of color at risk of lifelong poverty, says a report released today.
Paying an Unfair Price: The Financial Penalty for LGBT People of Color examines the economic insecurity this group experiences, compared to white LGBT people and non-LGBT people of color. It is coauthored by the by the Movement Advancement Project and the Center for American Progress, in partnership with several other organizations.
The report details the discrimination that LGBT people of color face in employment, housing, health care, and other aspects of their lives. “Disproportionate numbers of LGBT people of color live in places that lack any explicit state-level protections for LGBT people,” says Ineke Mushovic, executive director of the Movement Advancement Project. “This means that LGBT people of color face a high risk of economic harm from anti-LGBT laws. Based on the connection between poverty and an individual’s race or ethnicity, many LGBT people of color are less able to absorb the financial penalties created by anti-LGBT laws when compared to white LGBT people.”
Also, LGBT people of color are more likely to be raising children than white LGBT people, often in states without marriage equality or legal recognition of parenting ties, the report notes. And young LGBT people of color frequently encounter bullying or harassment in school, making it harder for them to obtain the type of education that can lead to better economic opportunities.
The report concludes with recommendations for addressing these problems. It is a companion to a larger report, Paying an Unfair Price: The Financial Penalty for Being LGBT in America, released in September.
The findings of Paying an Unfair Price: The Financial Penalty for LGBT People of Color are summarized in the accompanying infographics. To read the full report, click here.
Partners in compiling the report were the Center for Community Change, Center for Popular Democracy, League of United Latin American Citizens, Mexican American Legal Defense and Educational Fund, National Association of Social Workers, National Black Justice Coalition, National Education Association, and National Queer Asian Pacific Islander Alliance.
Source
Janet Yellen’s Future at the Fed Unresolved Heading Into Jackson Hole
Janet Yellen’s Future at the Fed Unresolved Heading Into Jackson Hole
The prospect of a second term for Federal Reserve Chairwoman Janet Yellen won't be on the agenda at the central bank's...
The prospect of a second term for Federal Reserve Chairwoman Janet Yellen won't be on the agenda at the central bank's annual retreat this week at Grand Teton National Park, but the question of whether she could be asked to stay on -- and whether she would accept -- will be hanging over the confab.
Read the full article here.
The Left's Fed Up Makes A Naked Power Grab For Control Of The Fed
The left is undertaking an amazing back door plan to dramatically increase its influence over the Fed’s interest-rate-...
The left is undertaking an amazing back door plan to dramatically increase its influence over the Fed’s interest-rate-setting Open Market Committee.
The key activist group, a division of the Center for Popular Democracy, is working to kick the bankers off the boards of directors of the district Federal Reserve banks. Those boards choose the presidents who serve, in rotation, as voting members on the FOMC. Brilliant.
In scope, the left’s plan makes trivial by comparison Auric Goldfinger’s “Operation Grand Slam” to contaminate America’s gold holdings at the US Treasury Depository at Fort Knox. Goldfinger planned to turn them radioactive. Those holdings amounted, in 1964, to about $14 billion. They are now valued at close to $200 billion.
Either way, a tidy sum. Yet it’s just a nickel compared to the Fed’s more than $4 trillion holdings.
Most impressive. The left is undertaking its own Operation Super Grand Slam.
It is doing so proficiently and systematically. Unfortunately for the left, fortunately for America, it has run into a real life James Bond: House Monetary Policy Subcommittee Chairman Bill Huizenga (R-MI). The irresistible force has met its immovable object.
Fed Up, the left’s instrumentality, was repelled during the most recent skirmish. This occurred last week at a hearing of a subcommittee of the House Financial Services Committee, “Federal Reserve Districts: Governance, Monetary Policy, and Economic Performance.”
Fed Up is a project of the Center for Popular Democracy, which, according to Wikipedia (citing a paywalled article by John Judis from the National Journal) is the successor, at least in part, to the somewhat notorious ACORN. According to the Center’s website:
The Federal Reserve has tremendous influence over our economy. Although our communities continue to suffer through a weak recovery and economic inequality keeps growing, corporate and financial interests are demanding that the Fed put the brakes on growth so wages don’t rise. There is a real danger that in early 2015 (sic), the Fed will cut the legs out from the recovery before the economy reaches full acceleration, costing our communities millions of jobs and workers tens of billions in wages.
True, and fair, enough. Let it be said that I, along with much of the right, also am highly critical of the Fed. I, a dues paying member of the AFL-CIO, am of the wing of the right wing that is in full solidarity with Fed Up’s commitment to wage growth.
We share identification of the Fed as a main perp in the failure of workers to thrive. From the right check out, for example, Put Growth First. Its website is headlined “End the Fed’s War on Wage Growth: Restore Prosperity for the Striving Majority.”
I, while opposing tokenism, am in sympathy with Fed Up’s stand that the Federal Reserve is unacceptably deficient in social, gender, and ethnic diversity. I have great admiration for Fed Up’s tactical proficiency, clarity of message, and decency in presenting that message. I, too, am fed up with the Fed.
That said, I am on record as dubious about the Fed’s power to “set” interest rates outside the trivial, and mostly symbolic, impact of setting the discount rate. I also am not part of the “raise interest rates” cheerleader squad on the right. I’m for allowing the credit markets to organically set interest rates based on … wait for it … supply and demand.
I part company with the left on its proposed solution of taking over district Federal Reserve Bank governance. Hola, Venezuela! Upon encountering Fed Up’s representatives while we were waiting to enter the Congressional hearing I requested the opportunity to engage in further conversation. Waiting, eagerly, to hear back.
Fed Up is a class act. Making the voices of the have-nots heard is commendable. Bring it on.
By Ralph Benko
Source
The search process for a new president of the New York Fed was seriously shady
The search process for a new president of the New York Fed was seriously shady
The New York Fed search was unusual for the public scrutiny it garnered, thanks in no small part to activists led by...
The New York Fed search was unusual for the public scrutiny it garnered, thanks in no small part to activists led by Fed Up and the Center for Popular Democracy. The two groups called on the regional bank, whose presidents have all been white men, to broaden its search and make the selection criteria more transparent.
Read the full article here.
3 days ago
3 days ago