Activists to SEC’s White: Step aside on audit regulator appointment
A national coalition of 14 organizations told Mary Jo White, chairwoman of the Securities and Exchange Commission, to...
A national coalition of 14 organizations told Mary Jo White, chairwoman of the Securities and Exchange Commission, to take herself out of the selection process for the next chair of the Public Company Accounting Oversight Board, the audit regulator.
In a letter sent on Thursday the signers said they believe there’s a conflict of interest created by her decision on an issue that will impact her family’s income. That’s because John White, her husband, is a member of the PCAOB’s Standing Advisory Group, selected by the board of the PCAOB, who are in turn chosen by the SEC and White.
The conflict has existed ever since White was approved as SEC chairwoman. Her spokeswoman told MarketWatch in September that her husband’s role in the PCAOB group was reviewed when she first took the job, and then again when the first PCAOB board appointment during her tenure was required. The conflict rose to the surface in early September, when Bloomberg reported that White was considering potential candidates to replace PCAOB Chair James Doty.
Doty has signaled he would like to return for another term but his industry reform-minded tenure has caused some, including at the SEC, to criticize his tenure. Critics say progress on the “nuts and bolts” of the agency is slow because of Doty’s preoccupation with larger industry-level initiatives focused on greater accountability and transparency for auditors and audits.
Bloomberg’s coverage of the conflict, and White’s admission that she was shopping for alternatives to Doty, led John White’s law firm, Cravath, Swaine & Moore, to remove marketing-type references to White’s position on the SAG from its website the following day, as reported by MarketWatch.
The organizations are the Alliance for a Just Society, American Family Voices, Campaign for America’s Future, Center for Effective Government, Center for Popular Democracy, Community Organizations in Action, Communications Workers of America, Democracy for America, Main Street Alliance, The Other 98%, Public Citizen, RootsAction, Rootstrikers and MoveOn.org Civil Action.
Source: MarketWatch
Activists from around the country to march, hold workshops in Pittsburgh
Activists from around the country to march, hold workshops in Pittsburgh
An estimated 1,500 demonstrators will hit the streets of Downtown Pittsburgh this afternoon — and both geographically...
An estimated 1,500 demonstrators will hit the streets of Downtown Pittsburgh this afternoon — and both geographically and politically, they expect to cover a lot of ground.
The “Still We Rise” March, which kicks off a two-day gathering of activists from around the country, begins at 2:30 and will feature stops including the Pittsburgh branch of the Federal Reserve, the headquarters of UPMC and the Station Square office of Pennsylvania Sen. Pat Toomey.
Ana Maria Archila, co-director of the Center for Popular Democracy, which is organizing the gathering, said the activists are turning out to put the spotlight on issues communities face such as economic inequality, racism and xenophobia.
“… We will win our rights,” she said, adding that the event “is really the launch of a national grassroots community.”
In fact, the “People’s Convention” at the David L. Lawrence Convention Center expects to attract over 40 progressive groups from 30 states, focusing on issues ranging from immigrant rights and racial equity to environmental concerns and public schools advocacy. A parallel program will involve policy discussions among progressive elected officials: Pittsburgh Mayor Bill Peduto and City Councilor Daniel Lavelle are among those participating.
The event “reflects what we’re trying to do in Pittsburgh, on a national level,” said Erin Kramer, executive director of activist group One Pittsburgh.
Here as elsewhere, organizers have pressed fast-food employers to raise minimum wages to at least $15 an hour, and fought for a city ordinance requiring employers to grant paid sick leave to workers. Other cities are weighing “fair scheduling” ordinances that require giving workers earlier notice about, and input on, their work schedules.
Immigration issues, which have become a critical issue in this year’s presidential race, also will be a key topic. While Ms. Kramer said the convention is about more than electoral politics, Republican presidential candidate Donald Trump “is really a threat for a lot of participants. He’s literally talking about building walls and sending people home. You may see a Trump puppet in the parade, more as a rodeo clown than anything else.”
The agenda may seem sprawling. “It is hard to weave these things together,” Ms. Archila admitted. One goal of the convention is for participants to craft a “statement of unity” outlining a vision to guide future activism.
But “all of our issues are interconnected,” said Pittsburgh education activist Pam Harbin, who will attend the convention to discuss tactics and lessons with organizers from elsewhere. “A $15 minimum wage is deeply connected to the fight for quality schools, because if you have parents working three jobs, you really can’t ask, ‘Why aren’t these parents more involved in their kids’ education?’”
Campaigns for higher wages or better worker protections often concentrate on the federal level. But with Washington in a partisan deadlock, activists are increasingly pressing for change locally.
“In some ways, people became more reliant on the federal government, and that took some of the wind out of the sails of local activism,” said Lisa Graves, executive director of the left-leaning Center for Media and Democracy. “But seeing the federal government crippled is an opportunity to reinvigorate local democracy.”
There are perils to the approach, as Pittsburgh has learned. Here as elsewhere, while progressives may control city hall, conservatives often rule state capitals.
State law has barred enforcing a Pittsburgh law to require the reporting of lost-and-stolen firearms, for example. And last December, an Allegheny County judge struck down ordinances requiring paid sick leave for employers, and special training for building security guards. A 2009 Supreme Court ruling barred municipalities for setting such rules for employers, Judge Joseph James ruled.
“It’s a growing trend to see these special interests using their access at the state level to preempt local democracy,” Ms. Graves said. This weekend will feature discussions of the challenge, but because states can limit local authority, “It’s extremely difficult to overcome.”
And a local ordinance may not help struggling families across the city line — at least not immediately.
Still, said Ms. Kramer, “If you lift the minimum wage in one place, people say, ‘Why not me?’ You have to start by painting an alternative picture.”
By Chris Potter
Source
Dallas Fed Struggles to Fill Fisher’s Big Shoes
The Federal Reserve Bank of Dallas is taking its time picking a new president, leaving the position vacant for more...
The Federal Reserve Bank of Dallas is taking its time picking a new president, leaving the position vacant for more than four months and leaving the institution without a strong public voice at a time of intense debate over when the central bank should start raising interest rates.
Former president Richard Fisher stepped down March 19, leaving the bank’s first vice president Helen Holcomb to serve as interim president. His exit was long anticipated: he faced mandatory retirement due to his age. The bank formally announced Mr. Fisher’s impending exit in November. Executive search firm Heidrick & Struggles was tapped to find a successor.
Other regional Fed banks, in contrast, have filled their top vacancies more briskly in recent years. For instance, Philadelphia Fed President Charles Plosser retired March 1 and his replacement, Patrick Harker, was announced the next day.
The duration of the Dallas vacancy has surprised many central bank watchers. Some of them say the bank’s board of directors appears to want a clone of Mr. Fisher—a strong voice on major issues with deep ties to the Lone Star state.
“It’s beyond bizarre” a new president hasn’t been named yet, said Danielle DiMartino Booth, who served as a close adviser to Mr. Fisher when they were both at the bank. Ms. Booth, who left the Dallas Fed in June and is now a strategist with the Liscio Report, said what the bank appears to want is a rare commodity.
“Richard Fisher rose to the status of being a deity in Texas,” Ms. Booth said. “People associate the success of the state” with him, and it is “very difficult” to find a new leader who can maintain that sort of profile, she said.
The Dallas Fed responded to questions about the search process by producing a description of what the bank seeks in a new leader. It said candidates should have “recognized stature” in economics and finance and preferably hold a Ph.D. The “ideal candidate will exhibit a strong combination of economic/market/policy expertise, integrity (and willingness to satisfy financial interest and disclosure requirements), leadership, communication skills, interpersonal skills, and community involvement,” it said.
Before joining the Dallas Fed, Mr. Fisher was a wealthy hedge-fund operator and diplomat. He was known for a brash public style as president. He made his case against the Fed’s easy money policies in speeches invoking high and pop culture, warning repeatedly about frothy financial markets and arguing in vain for higher interest rates.
His predecessor Robert McTeer, operating under the nickname of the “Lonesome Dove,” was known for opposing rate rises—sometimes via haiku.
The Dallas Fed has “a tradition of having an outspoken leader,” said Ethan Harris, chief economist at Bank of American Merrill Lynch.
Those with knowledge of the process say the Dallas Fed is seeking a replacement who will carry on that tradition.
Heidrick & Struggles didn’t respond to questions about the search process.
The Dallas Fed president is chosen by the bank’s board of directors, subject to approval by the Federal Reserve’s Washington-based board of governors. The Dallas board members drawn from the financial industry are prohibited by law from participating in the search. The other Dallas board members who are involved declined to comment.
In recent years, regional Fed bank presidents have tended to be insiders. For example, San Francisco Fed President John Williams was previously the bank’s research director. Cleveland Fed President Loretta Mester was previously research director at the Philadelphia Fed. Mr. Harker served on the Philadelphia Fed’s board before taking the top job. Now, only current Atlanta Fed chief Dennis Lockhart had no formal connection to the central bank before joining. Mr. Fisher was the rare bird who came in cold.
“Recent history has shown that the regional banks conduct a thorough and broad review of candidates that almost exclusively ends with the insider being selected,” said Aaron Klein, director of the financial regulatory reform initiative with the Bipartisan Policy Center in Washington.
Mr. Harris said central bank insiders, shaped by a Fed culture that often rewards a gray public persona, tend to lack the dramatic flair of the past two Dallas Fed chiefs.
Some critics from labor unions and local community groups say they are disappointed by the lack of openness surrounding the selection process given that the regional Fed bank presidents are government officials who participate in important central bank policy decisions.
“We are very disappointed in what we’ve run into” trying to have a voice in the process, said Mark York, secretary-treasurer of the Dallas AFL-CIO. He said a letter from the union and other local groups asked for names under consideration to be made public in a bid to allow the public to weigh in, among other requests.
That said, not all think the bright light of transparency is a cure all. Lou Crandall, chief economist for Wrightson ICAP, said wanting to know more about the process is a “fair point.” But he warned “you don’t want a lot of public jockeying over this.”
Source: The Wall Street Journal
Bill to offer state citizenship for undocumented immigrants
NY Daily News - June 16, 2014, by Erin Durkin - Undocumented immigrants in New York could become “state citizens” with...
NY Daily News - June 16, 2014, by Erin Durkin - Undocumented immigrants in New York could become “state citizens” with a slew of benefits from driver’s licenses under a new bill to be introduced Monday.
Advocates are set to announce a bill that would allow immigrants who aren’t U.S. citizens to become New York state citizens if they can prove they’ve lived and paid taxes in the state for three years and pledge to uphold New York laws, regardless of whether they’re in the country legally.
“The path to achieving opportunity and equity and dignity for immigrants through Washington seems blocked by Washington’s general dysfunction,” said Andrew Friedman, executive director of the Center for Popular Democracy and a founder of Make the Road New York. “States should push for full equality and inclusion.”
The bill will face long odds in Albany, where even more modest immigration reforms have failed to get through the legislature.
The bill would apply to about 2.7 million New Yorkers who lack citizenship, including those in the country legally and illegally.
People who secured state citizenship under the bill would be able to vote in state and local elections, and run for state office.
They could get a driver’s license, a professional license issued by the state, and Medicaid and other benefits controlled by the state.
Immigrants would also be eligible for in-state tuition and financial aid, and would be protected from discrimination based on their status. And the bill would sharply limit state authorities’ cooperation with federal immigration enforcement.
The legislation would not grant legal authorization to work or change any other regulations governed by federal law.
It’s destined to be a longshot in Albany, where the DREAM Act, which would help undocumented students afford college, and efforts to offer driver’s licenses have failed so far.
But backers say it will prompt similar efforts in other states, similar to how states led the way on gay marriage, with talks on bills already underway in Illinois, Oregon, and Maryland.
“Obviously this is not something that’s going to pass immediately, but nothing as broad as this or as bold as this passes immediately,” said Sen. Gustavo Rivera (D-Bronx), the sponsor in the Senate.
The bill is estimated to cost taxpayers $106 to 173 million a year, while generating $145 million in new economic activity and saving drivers $100 million in insurance premiums, advocates say.
SourceThe Great Charter School Rip-off: Finally, the Truth Catches Up to Education “Reform” Phonies
Salon - October 2, 2014, by Jeff Bryant - Last week when former President Bill Clinton meandered onto the topic of...
Salon - October 2, 2014, by Jeff Bryant - Last week when former President Bill Clinton meandered onto the topic of charter schools, he mentioned something about an “original bargain” that charters were, according to the reporter for The Huffington Post, “supposed to do a better job of educating students.”
A writer at Salon called the remark “stunning” because it brought to light the fact that the overwhelming majority of charter schools do no better than traditional public schools. Yet, as the Huffington reporter reminded us, charter schools are rarely shuttered for low academic performance.
But what’s most remarkable about what Clinton said is how little his statement resembles the truth about how charters have become a reality in so many American communities.
In a real “bargaining process,” those who bear the consequences of the deal have some say-so on the terms, the deal-makers have to represent themselves honestly (or the deal is off and the negotiating ends), and there are measures in place to ensure everyone involved is held accountable after the deal has been struck.
But that’s not what’s happening in the great charter industry rollout transpiring across the country. Rather than a negotiation over terms, charters are being imposed on communities – either by legislative fiat or well-engineered public policy campaigns. Many charter school operators keep their practices hidden or have been found to be blatantly corrupt. And no one seems to be doing anything to ensure real accountability for these rapidly expanding school operations.
Instead of the “bargain” political leaders may have thought they struck with seemingly well-intentioned charter entrepreneurs, what has transpired instead looks more like a raw deal for millions of students, their families, and their communities. And what political leaders ought to be doing – rather than spouting unfounded platitudes, as Clinton did, about “what works” – is putting the brakes on a deal gone bad, ensuring those most affected by charter school rollouts are brought to the bargaining table, and completely renegotiating the terms for governing these schools.
The “100 percent charter schools” education system in New Orleans that Clinton praised was never presented to the citizens of New Orleans in a negotiation. It was surreptitiously engineered.
After Katrina, as NPR recently reported, “an ad hoc coalition of elected leaders and nationally known charter advocates formed,” and in “a series of quick decisions,” all school employees were fired and the vast majority of the city’s schools were handed over to a state entity called the “Recovery School District” which is governed by unelected officials. Only a “few elite schools were … allowed to maintain their selective admissions.”
In other words, any bargaining that was done was behind closed doors and at tables where most of the people who were being affected had no seat.
Further, any evidence of the improvement of the educational attainment of students in the New Orleans all-charter system is obtainable only by “jukin the stats” or, as the NPR reporter put it, through “a distortion of the curriculum and teaching practice.” As Andrea Gabor wrote for Newsweek a year ago, “the current reality of the city’s schools should be enough to give pause to even the most passionate charter supporters.”
Yet now political leaders tout this model for the rest of the country. So school districts that have not had the “benefit,” according to Arne Duncan, of a natural disaster like Katrina, are having charter schools imposed on them in blatant power plays. An obvious example is what’s currently happening in the York, Pennsylvania.
School districts across the state of Pennsylvania are financially troubled due to chronic state underfunding – only 36 percent of K-12 revenue comes from the state, way below national averages – and massive budget cuts imposed by Republican Governor Tom Corbett (the state funds education less than it did in 2008).
The state cuts seemed to have been intentionally targeted to hit high-poverty school districts like York City the hardest. After combing through state financial records, a report from the state’s school employee union found, “State funding cuts to the most impoverished school districts averaged more than three times the size of the cuts for districts with the lowest average child poverty.” The unsurprising results of these cuts has been that in school districts serving low income kids, like York, instruction was cut and scores on state student assessments declined.
The York City district was exceptionally strapped, having been hit by $8.4 million in cuts, which prompted class size increases and teacher furloughs. Due to financial difficulties, which the state legislature and Governor Corbett had by-and-large engineered, York was targeted in 2012, along with three other districts, for state takeover by an unelected “recovery official,” eerily similar to New Orleans post-Katrina.
The “recovery” process for York schools also entailed a “transformation model” with challenging financial and academic targets the district had little chance in reaching, and charter school conversion as a consequence of failure. Now the local school board is being forced to pick a charter provider and make their district the first in the state to hand over the education of all its children to a corporation that will call all the shots and give York’s citizens very little say in how their children’s schools are run.
None of this is happening with the negotiated consent of the citizens of York. The voices of York citizens that have been absent from the bargaining tables are being heard in the streets and in school board meetings. According to a local news outlet, at a recent protest before the city’s school board, “a district teacher and father of three students … presented the board with more than 3,700 signatures of people opposed to a possible conversion of district schools to charter schools,” and “a student at the high school also presented the board with a petition signed by more than 260 students opposed to charter conversion.” Yet the state official demanding charter takeover remains completely unaltered in his view that this action is “what’s bets for our kids.”
What’s important to note is York schools are not necessarily failures academically, as New Jersey-based music teacher and education blogger going by the name Jersey Jazzman stated on his personal blog. Looking at how the districts’ students perform on state assessments, he found that academic performance levels were “pretty much where you’d expect them to be” based on the fact that “most of York’s schools have student populations where 80 percent or more of the children are in economic disadvantage,” and variations in student test score performance almost always correlate strongly with students’ financial conditions. He concluded that what was happening to York schools more represents a “long con” in which tax cuts and claims of “budgetary poverty” have prompted a rapacious state government to “declare an educational emergency, and then let edu-vultures … pick at the bones of a decimated school system.”
The attack on York City schools is not unique. As an official with the National Education Association recently pointed out on the blog Living in Dialogue, “It’s the same story that played out in Detroit, Flint, and Philadelphia where these ‘chief recovery officers’ or ‘emergency managers’ have all made the same recommendation: to hand over the cities’ public schools to the highest private bidder.”
Then, hiding behind pledges to do “what’s best for kids,” these operators too often do anything but.
Charter Schools Takeover, Corruption Ensues
York teachers and parents have good reasons to be wary of charter school takeover. As a new report discloses, charter school officials in their state have defrauded at least $30 million intended for school children since 1997.
The report, “Fraud and Financial Mismanagement in Pennsylvania’s Charter Schools,” was released by three groups, the Center for Popular Democracy, Integrity in Education, and ACTION United.
Startling examples of charter school financial malfeasance revealed by the authors –just in Pennsylvania – include an administrator who diverted $2.6 million in school funds to a church property he also operated. Another charter school chief was caught spending millions in school funds to bail out other nonprofits associated with the school. A pair of charter school operators stole more than $900,000 from the school by using fraudulent invoices, and a cyber school entrepreneur diverted $8 million of school funds for houses, a Florida condominium, and an airplane.
What’s even more alarming is that none of these crimes were detected by state agencies overseeing the schools. As the report clearly documents, every year virtually all of the state’s charter schools are found to be financially sound. The vast majority of fraud was uncovered by whistleblowers and media coverage and not by state auditors who have a history of not effectively detecting or preventing fraud.
Pennsylvania spends over a billion dollars a year on charter schools, and the $30 million lost to fraud documented in this study is likely the minimum possible amount. The report authors recommend a moratorium on new charter schools in the state and call on the Attorney General to launch an investigation.
The report is a continuation of a study earlier this year that exposed $100 million in taxpayer funds meant for children instead lost to fraud, waste, and abuse by charter schools in 15 states. Now the authors of the study are going state-by-state, beginning with Pennsylvania, to investigate how charter school fraud is spreading.
What’s happening to York City is not going to help. The two charter operators being considered for that takeover – Mosaica Education, Inc., and Charter Schools USA – have particularly troubling track records.
According to a report from Politico, after Mosaica took over the Muskegon Heights, Michigan school system in 2012, “complications soon followed.” After massive layoffs, about a quarter of the newly hired teachers quit, and when Mosaica realized they weren’t making a profit within two years, they pulled up stakes and went in search of other targets.
As for the other candidate in the running, Charter Schools USA, a report from the Florida League of Women Voters produced earlier this year found that charter operation running a real estate racket that diverts taxpayer money for education to private pockets. In Hillsborough County alone, schools owned by Charter Schools USA collaborated with a construction company in Minneapolis, M.N. and a real estate partner called Red Apple Development Company in a scheme to lock in big profits for their operations and saddle county taxpayers with millions of dollars in lease fees every year.
In one example, cited by education historian Diane Ravitch, Charter USA’s construction company bought a former Verizon call center for $3,750,000, made no discernible exterior changes except removal of the front door and adding a $7,000 canopy, and sold the building as Woodmont Charter School to Red Apple Development for $9,700,000 six months later. Lease fees for the last two years were $1,009,800 and $1,029,996.
No wonder York citizens are concerned.
What Happened To Charter School Accountability?
Charter schools that were supposedly intended to be more “accountable” to the public are turning out to be anything but.
As an article for The Nation recently observed, “Charters were supposed to be laboratories for innovation. Instead, they are stunningly opaque.”
The article, written by author and university professor Pedro Noguera, explained, “Charter schools are frequently not accountable. Indeed, they are stunningly opaque, more black boxes than transparent laboratories for education.”
Rather than having to show their books, as public schools do, Noguera contended, “Most charters lack financial transparency.” As an example, he offered a study of KIPP charter schools, which found that they receive “‘an estimated $6,500 more per pupil in revenues from public or private sources’ compared to local school districts.” But only a scant portion of that disproportionate funding – just $457 in spending per pupil – could accurately be accounted for “because KIPP does not disclose how it uses money received from private sources.
In addition to the difficulties in following the money,” Noguero continued, “there is evidence that many charters seek to accept only the least difficult (and therefore the least expensive) students. Even though charter schools are required by law to admit students through lotteries, in many cities, the charters under-enroll the most disadvantaged children.”
This tendency of charter schools operations provides a double bonus as their student test scores get pushed to higher levels and the public schools surrounding them have to take on disproportionate percentages of high needs students who push their test score results lower. Noguera cited a study showing that traditional schools serving the largest percentages of high-needs students are frequently the first to be branded with the “failure” label.
If charter schools are going to have any legitimacy at all, what’s required, Noguera concluded is “greater transparency and collaboration with public schools.”
Fortunately, yet another new report points us in the right direction.
This report, “Public Accountability for Charter Schools,” published by the Annenberg Institute for School Reform, “recommends changes to state charter legislation and charter authorizer standards that would reduce student inequities and achieve complete transparency and accountability to the communities served,” according to the organization’s press release.
According to the report, these recommendations are the product of “a working group of grassroots organizers and leaders” from Chicago, Philadelphia, Newark, New York, and other cities, who have “first-hand experience and years of working directly with impacted communities and families, rather than relying only on limited measures such as standardized test scores to assess impact.”
These new guidelines are intended to address numerous examples of charter school failure to disclose essential information about their operations, including financial information, school discipline policies, student enrollment processes, and efforts to collaborate with public schools.
For instance, the report notes that the director of the state Office of Open Records in Pennsylvania, “testified that her office had received 239 appeals in cases where charter schools either rejected or failed to answer requests from the public for information on budgets, payrolls, or student rosters.” In Ohio, a charter chain operated by for-profit White Hat Management Company, “takes in more than $60 million in public funding annually … yet has refused to comply with requests from the governing boards of its own schools for detailed financial reports.” In Philadelphia, the report authors found a charter school that made applications for enrollment available “only one day a year, and only to families who attend an open house at a golf club in the Philadelphia suburbs.” In New York City, where charter schools are co-located in public school buildings, “public school parents have complained that their students have shorter recess, fewer library hours, and earlier lunch schedules to better accommodate students enrolled at the co-located charter school.” The report quotes a lawsuit filed by the NAACP, which documented public school classrooms “with peeling paint and insufficient resources” made to co-locate with charters that have “new computers, brand-new desks, and up-to-date textbooks.”
The Annenberg report’s policy prescriptions fall into seven categories of “standards,” which include:
Traditional school districts and charter schools should collaborate to ensure a coordinated approach that serves all children.
School governance should be representative and transparent.
Charter schools should ensure equal access to interested students and prohibit practices that discourage enrollment or disproportionately push-out enrolled students.
Charter school discipline policy should be fair and transparent.
All students deserve equitable and adequate school facilities. Districts and charter schools should collaborate to ensure facility arrangements do not disadvantage students in either sector.
Online charter schools should be better regulated for quality, transparency and the protection of student data.
Monitoring and oversight of charter schools are critical to protect the public interest; they should be strong and fully state funded.
Unsurprisingly, the report got an immediate response from the National Alliance for Public Charter Schools, arguing against any regulation on charters. That organization’s response cites “remarkable results” as an excuse for why charters should continue to be allowed to skirt public accountability despite the fact they get public money. However, whenever there is close scrutiny of the remarkable results the charter industry loves to crow about, the facts are those results really aren’t there.
Charter Accountability Now
Of course, now that the truth about charter schools is starting to leak out of the corners of the “black box” the industry uses to protect itself, the charter school PR machine is doing everything it can to cover up reality.
Beginning with the new school year, the charter school industry has been on a publicity terror with a national campaign claiming to tell “The Truth About Charters” and high dollar promotional appeals in Philadelphia and New York City.
But the word is out, and resistance to charter takeovers is stiffening in more places than York. In school systems such as Philadelphia, Bridgeport, Pittsburgh, and Chicago, where charter schools are major providers, parents and local officials have increasingly opposed charter takeovers of their neighborhood schools. A recent poll in Michigan, where the majority of charter operations are for-profit, found that 73 percent of voters want a moratorium on opening any new charter schools until the state department of education and the state legislature conduct a full review of the charter school system.
There’s little doubt now that the grand bargain Bill Clinton and other leaders thought they were making with charter schools proponents was a raw deal. The deal is off.
Source
New York to Boost Scheduling Protections for Hourly Workers
New York to Boost Scheduling Protections for Hourly Workers
New York's governor says his administration is implementing new regulations that require employers to pay extra to...
New York's governor says his administration is implementing new regulations that require employers to pay extra to workers who are called to their jobs at the last minute.
Read the full article here.
Teachers Union Questions Charter School Relationships With For-Profit Company
Teachers Union Questions Charter School Relationships With For-Profit Company
Denver’s teachers union is demanding Denver Public Schools halt the expansion of charter schools until district leaders...
Denver’s teachers union is demanding Denver Public Schools halt the expansion of charter schools until district leaders can ensure taxpayer money is not going to for-profit corporations.
The request comes on the heels of a study by an advocacy organization, the Center for Popular Democracy, based in New York. It alleges Denver’s largest charter school network – the Denver School of Science and Technology – paid between $20 million and $50 million to a for-profit company for employee and personnel services for DSST schools. During this time the company was owned by two of DSST’s founding directors.
The Center for Popular Democracy group says that relationship raises concerns about conflicts of interest.
DSST and Denver Public Schools deny any wrongdoing.
The district says that neither the district, DSST nor the company benefited financially and in fact there was a net loss to the company, which the district forgave when the company dissolved.
Money for independently run public charter schools is under great scrutiny now because of pending state legislation to shift more money to charter schools.
By Jenny Brundin
Source
Thousands Today Say #WeRise To Reclaim Government For The People
Campaign for America's Future - March 11, 2015, by Isaiah J. Poole - At the office of Illinois Gov. Bruce Rauner, more...
Campaign for America's Future - March 11, 2015, by Isaiah J. Poole - At the office of Illinois Gov. Bruce Rauner, more than 2,500 demonstrators, most wearing white “We Rise” T-shirts, staged a protest against cuts in Medicaid and other social services. In Albany, N.Y., more than 2,000 people marched to the state capitol to protest education funding cuts. In Denver, dozens of activists came out in support of immigration rights measures, including driver’s licenses for undocumented workers.
These are just a few of the dozens of actions that took place in 16 states today as part of “We Rise: National Day of Action to Put People and Planet First.” Local and national progressive organizations mobilized around different aspects of a common agenda that stood in opposition to the right-wing and corporatist policies pushed through state legislatures in these states. The actions were all broadcast under the Twitter hashtag “#WeRise.”
“What we saw today was a stirring of the democratic spirit,” said Fred Azcarate, Executive Director of USAction. “People are upset at elected officials who spend more time working for big corporations and wealthy campaign donors than representing the people they were elected to serve. Today, people rose up to reclaim government and demand that legislators work for them and their families.”
The states where We Rise demonstrations were organized also include Arizona, Georgia, Idaho, Kansas, Massachusetts, Minnesota, New Jersey, Nevada, New Hampshire, Ohio, Pennsylvania and Wisconsin. The events were led by groups affiliated with National People’s Action, Center for Popular Democracy, USAction, and other allies.
“Apparently conservatives believe they have a mandate to give big corporations another free ride on the backs of everyday people,” said George Goehl, Executive Director of National People’s Action. “But they’re wrong. They have no such mandate. Instead, as we can see in the resistance to draconian policy or Chuy Garcia’s campaign to unseat Rahm Emanuel as Mayor of Chicago, there is a new brand of populism taking root in America. People are fed up with politicians doing the bidding of big money. They’re ready for leaders who will work for, not against, people and the planet.”
“Politicians working primarily on behalf of big corporations are making it harder and harder for families to get by,” said Ana María Archila, Co-Executive Director of The Center for Popular Democracy. “Our families won’t stand for this, and today thousands of workers and families raised our voices in state houses across the country to demand that elected officials join us in leveling the playing field so that each and every family can thrive.”
The Campaign for America’s Future is working with two of the organizations behind today’s “We Rise” events, National People’s Action and USAction, in sponsoring the “Populism2015″ conference in April, with the Alliance for a Just Society. One goal of that conference is to build political momentum from today’s events around a populist progressive agenda “for people and the planet.” Register for the April 18-20 conference in Washington through the Populism2015 website.
Does Your Bay Area Neighborhood Have a High Wells Fargo Foreclosure Rate?
KQED - March 12, 2013 - California is still struggling to get back on its feet after a devastating housing crisis. And...
KQED - March 12, 2013 - California is still struggling to get back on its feet after a devastating housing crisis. And Wells Fargo is partly to blame for the sluggish recovery because it is refusing to modify home loans, according to a coalition of homeowners groups.
By foreclosing on homeowners who can't make their payments, the San Francisco-based bank will suck billions of dollars out of the state's economy, according to the Alliance of Californians for Community Empowerment, the Center for Popular Democracy and the Home Defenders League.
In a new report, the coalition charges that Wells Fargo has been less inclined to reduce the principle of home loans than have other banks, such as Bank of America.
Wells Fargo responded that it has a low foreclosure rate compared to the industry in general.
Wells Fargo's bias toward foreclosures is disproportionately affecting predominantly black and Latino neighborhoods, the report charges.
Right now, about 65,000 California homeowners have received notice of a pending foreclosure, and about 20 percent of these loans are serviced by Wells Fargo, the report says.
The report estimates that as of February 2013, Wells Fargo had 11,616 homes in its "foreclosure pipeline."
Foreclosing on the homes will have the following effects, according to the report:
Each home would lose approximately 22 percent of its value, for a total loss of approximately $1.07 billion,
Homes in the surrounding neighborhood would lose value as well, for an additional loss of about $2.2 billion, and
Government tax revenues would be cut by $20 million, as a result of that depreciation.
If the bank were to reduce the principle on the borrowers' loans, homeowners would have more money to spend. This would boost the state's economy, the coalition says.
Wells Fargo often bundles loans to sell to other entities, such as Fannie Mae, but acts as an agent for the new lender, collecting payments and handling foreclosures. In that capacity, Wells Fargo makes more money through foreclosures than loan modifications, the report says.
Wells Fargo has had an aggressive principal reduction program for loans that we own since 2009. Wells Fargo conducts all lending and servicing activities in a fair and responsible manner without regard to race or ethnicity. We are proud to be the nation’s leading lender.
Wells Fargo issued a written statement in response to the report:
Over the last four years, Wells Fargo has: • Helped more than 841,000 customers with loan modifications. • Provided $6.3 billion in principal forgiveness—most of which has gone to borrowers in California.
Wells Fargo consistently provides assistance to customers facing financial challenges. Wells Fargo’s delinquency and foreclosure rates continue to rate below the industry average. Here are the facts: • The combined national industry delinquency and foreclosure rates are roughly 11%. Wells Fargo’s is 7.04%. • The Wells Fargo foreclosure rate in California is 1.04%*, less than half of our national rate.
*As of Q4 2012
Source
Let’s Challenge Corporate Democrats and Fight for a Universal Jobs Guarantee
Let’s Challenge Corporate Democrats and Fight for a Universal Jobs Guarantee
“Ady Barkan became somewhat of a household name after he was spotted over and over again at protests against healthcare...
“Ady Barkan became somewhat of a household name after he was spotted over and over again at protests against healthcare cuts in Washington during the fight to protect the Affordable Care Act and then against the Republican tax bill. For Barkan, a longtime organizer who was diagnosed in 2016 with amyotrophic lateral sclerosis, or ALS, the fight for healthcare had become very personal. We sat down last week in Baltimore at the Congressional Progressive Caucus strategy summit, where Barkan, who masterminded the Fed Up campaign to challenge the Federal Reserve to adopt pro-worker policies, was being honored with the Tim Carpenter Advocate of the Year award. Ady Barkan: My name is Ady Barkan. I am 34 years old. I live in Santa Barbara, California, with my wife and toddler. I work at the Center for Popular Democracy.”
Read the full article here.
2 days ago
2 days ago