Williams Promises Transparency After Meeting with Fed Up Coalition
Williams Promises Transparency After Meeting with Fed Up Coalition
Fed Up Met with President of San Francisco Federal Reserve Bank, Made Case...
Williams Promises Transparency After Meeting with Fed Up Coalition
Fed Up Met with President of San Francisco Federal Reserve Bank, Made Case for Prioritizing Wages and Transparency
Coalition Deliver New EPI and CPD Report on Fed and Wages – Read Here; /news/mind-gap-how-federal-reserve-can-help-raise-wages-america-s-women-and-men
On Monday, the Fed Up coalition met with John Williams, the president of the Federal Reserve Bank of San Francisco, as part of the push for Fed decision-makers to target full employment and higher wages and to make Fed governance more transparent. Following the meeting, Williams committed to more transparency in how the Fed selects its presidents. In addition, Fed Up members made the case for prioritizing wages in the Fed’s interest rate decision and presented Williams with Mind the Gap: How the Federal Reserve Can Help Raise Wages for America’s Women and Men, a report published today by the Economic Policy Institute (EPI) and the Center for Popular Democracy (CPD).
“President Williams deserves credit for agreeing with us and the broad swath of Americans who want a more transparent Federal Reserve,” said Ady Barkan, director of the Fed Up campaign at the Center for Popular Democracy. “A more accessible and accountable Fed is essential, given its enormous impact on everyday Americans’ wages, employment opportunities, and overall wellbeing. Presidents Williams and Kocherlakota should be commended for beginning to open up the Fed’s decision-making process about whether to reappoint regional presidents and, if not, whom to replace them with. We expect all regional Fed banks to do the same this year, as they select presidents for the upcoming five year terms.
“President Williams was also receptive to our perspectives on wages, acknowledging that wage growth is too low and unemployment too high. This week he showed openness to the simple premise we present: The decision about whether to raise interest rates should be guided by the principle that wage growth is good. With inflation still below the Fed’s already low two percent target, the Fed should be in no rush to slow down the economy. The only humane option for a truly inclusive recovery is for Fed officials to prioritize wage growth in their decision-making – they should not raise the rates any time soon.”
For interview opportunities with workers, policy experts, or Fed Up campaign leaders, members of the press should write an email to press@populardemocracy.org.
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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.
How much of the U.S. Dept. of Education’s $71 million gift to Ohio charter schools will go to waste and fraud?
Grant to Ohio raises questions over the federal Charter School Program’s grant making process
CPD ...
Grant to Ohio raises questions over the federal Charter School Program’s grant making process
CPD report on fraud, waste and abuse in charter schools
Following an announcement that the U.S. Dept. of Education will give $157 million in taxpayer funds to charter schools, Kyle Serrette, director of education at the Center for Popular Democracy, released the following statement:
“As our 2015 national report on the charter school fraud demonstrates, there are regulatory shortcomings that foster fraud, waste and abuse in charter schools. It is alarming that Ohio is the largest grantee. One would think that the sheer volume of fraud, waste, and mismanagement that has been documented in the state would have disqualified them from receiving this federal windfall. Our research has documented over $15 million in fraud, waste, or mismanagement, which means that thousands of children are being robbed of a quality education. Giving the Ohio charter schools $71 million makes no sense.
Some cases of Ohio fraud, waste, and mismanagement include:
Auditor Investigation: In January 2015, the state auditor released a report of the results of unannounced visits by inspectors to 30 charter schools. In nearly half of the schools, the school-provided headcount was significantly higher than the auditors’ headcount.
Greater Achievement Community Charter School: An Ohio state audit found that administrators at the Greater Achievement Community Charter School egregiously mismanaged public funds, sometimes using money for personal expenses. Between 2003 and 2010, the auditors found that Greater Achievement developer Elijah Scott diverted over $46,000 of public funds into his personal account. The school’s financial records could not adequately account for excessive cash withdrawals from ATMs and other sources and the school overall was found to have misspent at least $570,000. Source: http://www.cleveland.com/metro/index. ssf/2012/03/audit_finds_more_than_570000_i.html
Cincinnati College Preparatory Academy Charter School: After receiving an anonymous tip, the Ohio Auditor of State’s office investigated the Cincinnati College Preparatory Academy Charter School and found that administrators stole at least $148,000 of taxpayer money. Superintendent Dr. Lisa Hamm and school treasurer Stephanie Millard were indicted in March of 2013 on multiple criminal charges. The two are alleged to have used school funds to pay for things such as sightseeing tours through Europe, a $20,000 tour of California, and a Chicago trip to a Tina Turner concert, all under the guise of visiting schools to identify best practices or for professional development. Source: http://www.wcpo.com/news/local-news/charterschool-officials-to-appear-in-court-for-allegedly-spending- 148k-in-school-funds
Many more instances of Ohio fraud, waste, and abuse can be found in our report.
Recently U.S. Sen. Sherrod Brown blasted
Ohio's charter school system for having rampant waste and fraud. In a statement he said, "We want to make sure these charter schools effectively educate children," "Right now they're not.”
“It’s time to fix our broken charter oversight system. Sending millions of more dollars to states with broken charter schools laws will only exacerbate the fraud problem.” said Serrette
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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.
Report Documents $100 Million in Charter School Fraud in 14 States and D.C.
The report appears to be one of the first shots fired from Integrity in Education, a newly formed nonprofit that aims to expose corporate interests in public education, and is headed up by Sabrina Stevens, a former teacher and American Federation of Teachers staffer. The organization is decidedly anti-charter, likening school choice to "a euphemism for school closures" on its website.
The report gathered court cases, media investigations, regulatory findings, audits, and other sources from Arizona, California, Colorado, the District of Columbia, Florida, Illinois, Louisiana, Minnesota, New Jersey, New York, Ohio, Pennsylvania., Texas, and Wisconsin to examine the trends in charter school fraud, waste, and mismanagement.
It found that there were six main categories of fraud, waste, and abuse:
Charter operators using public funds for their personal gain.School revenue being used to support other charter operators' businesses.
Charter school mismanagement that fails to create a safe environment for students, such as not providing background checks on staff or not properly supervising students.
Charters requesting public funds for services they do not provide.
Charters inflating their enrollment numbers to boost revenues.
Charter operators mismanaging funds and schools.
After examination, the report found that the most prevalent form of fraud in charters was the first category—charter operators' using public funds for personal use.
The report provided several recommendations to help prevent fraud, waste, and abuse from occurring. States should establish an adequately funded office solely dedicated to charter school oversight that has the authority to investigate fraud, waste, and misconduct, the report said. All charters should be independently audited each year, and the schools should be held to the same transparency requirements as regular public schools, the report recommended.
In addition, the charter school's application, contract, financial information, board members and affiliations, vendor contracts over $25,000, and board-meeting minutes should be made available publicly online, said the report. In addition, relatives of charter school operators should not be allowed to serve on the board, while parents, teachers, and students (in the case of high schools) should be provided representation there, the report recommended.
The report's appendix includes an extensive list of the different charter fraud, waste, and misconduct cases broken down by state with links to media reports about each one.
Source
N.J. ACLU, others sue federal agency in brewing eminent domain controversy
The Star-Ledger - December 5, 2013, by Eunice Lee - The American Civil Liberties Union of New Jersey and the Brooklyn-based Center for Popular Democracy filed suit today against the Federal...
The Star-Ledger - December 5, 2013, by Eunice Lee - The American Civil Liberties Union of New Jersey and the Brooklyn-based Center for Popular Democracy filed suit today against the Federal Housing Finance Agency in a growing battle for towns seeking to use eminent domain to seize underwater mortgages.
Last month, Irvington's mayor announced plans to conduct a legal study of using eminent domain to help residents facing more than 1,700 homes foreclosures.
If town officials decide to proceed, Irvington would become the second town in the nation, after Richmond, Calif., to employ a tactic that's drawn fire from Wall Street, according to Executive Director Udi Ofer of the ACLU of New Jersey, which endorsed Irvington's announcement.
The 17-page suit, filed today in the U.S. District Court for the Northern District of California, demands that the FHFA disclose details about its relationship with banks and other financial institutions. The agency has threatened legal action against Richmond and other cities planning to use the eminent domain tactic and may deny credit to locals seeking mortgages, the suit says.
Corinne Russell, an FHFA spokeswoman, declined comment on the lawsuit saying the agency does not discuss pending legal matters.
The novel approach, dubbed as "friendly condemnations," allows municipalities to use the power of eminent domain to seize mortgages, rather than homes, where homeowners owe more than the current value of the house.
Using money from private investors, Ofer said towns would pay the mortgage holders' fair market value and then restructure mortgages into lower principal payments that are more favorable for homeowners. About 700 to 1,000 homes in Irvington could potentially benefit from eminent domain takeovers, according to Irvington Mayor Wayne Smith.
On Wednesday, Newark's city council voted unanimously for the city to conduct legal research and policy analysis as a step towards adopting the eminent domain strategy.
Filed under the Freedom of Information Act, which compels the government to provide copies of federal records, the lawsuit argues that the federal agency is trying to block municipalities from using eminent domain to prevent foreclosures. The FHFA regulates the mortgage giants Fannie Mae and Freddie Mac. The lending agencies control most mortgages in the U.S.
The suit says the FHFA never responded to an Oct. 1 FOIA request seeking information between the federal agency and members of the financial industry, including the Securities Industry and Financial Markets Association, American Securitization Forum, American Bankers Association and the Association of Institutional Investors.
The lack of response to the FOIA request prompted the lawsuit, which was filed by the Center for Popular Democracy and ACLU, as well as chapters in New Jersey and California. Those chapters filed on behalf of: New Jersey Communities United, New York Communities for Change, Alliance for Californians for Community Empowerment, the Housing and Economic Rights Advocates, Urban Revival Inc., The Colorado Foreclosure Resistance Coalition and the Home Defenders League.
The FOIA request also targets "correspondence, phone messages, emails, calendar entries, and notes or memoranda" between leaders of the Federal Housing and Finance Agency and representatives of several banks including Wells Fargo, Deustche Bank, Bank of America, Chase Citigroup and Ally Bank.
On July 31, the city of Richmond offered to purchase 624 underwater mortgages. In August, the suit says several banks filed suit against Richmond and the FHFA released a statement citing "serious concerns on the use of eminent domain to restructure existing financial contracts."
Also, the financial industry and powerful lobbying groups have "vigorously opposed" the use of eminent domain, according to the suit.
The suit says that publicly revealing "the priorities and opinions of high-ranking FHFA officials, and the nature and substance of their exchanges with the financial industry" is an urgent concern.
Other cities considering the use of eminent domain to address foreclosures include San Francisco, El Monte, Calif., Seattle and Yonkers, N.Y.
Source
Philly Council approves bills for ‘Fair Workweek’ and $15/hr wage hike
Philly Council approves bills for ‘Fair Workweek’ and $15/hr wage hike
Philadelphia’s Fair Workweek bill is stronger in some ways than those across the country, but weaker in others, said Rachel Deutsch, an attorney with the Center for Popular Democracy, a main...
Philadelphia’s Fair Workweek bill is stronger in some ways than those across the country, but weaker in others, said Rachel Deutsch, an attorney with the Center for Popular Democracy, a main organizer of the national Fair Workweek movement.
Read the full article here.
Urban leaders converge in Minneapolis to discuss 'blue city' agendas
Urban leaders converge in Minneapolis to discuss 'blue city' agendas
Leaders in progressive urban politics from around the country are converging in Minneapolis Friday to strategize on affordable housing, immigrant rights, criminal justice reform and other issues....
Leaders in progressive urban politics from around the country are converging in Minneapolis Friday to strategize on affordable housing, immigrant rights, criminal justice reform and other issues. The two-day conference, called the Local Progress Convening, promotes the development of “blue city” — or Democratic — political agendas, and will include panels of city-level politicians and organizers from Philadelphia, Denver and New York.
Read the full article here.
Newark Police first in N.J. to refuse to detain undocumented immigrants accused of minor crimes
The Star-Ledger – August 15, 2013, by James Queally -
The Newark Police Department has become the first law enforcement agency in New Jersey to refuse the federal government’s requests to...
The Star-Ledger – August 15, 2013, by James Queally -
The Newark Police Department has become the first law enforcement agency in New Jersey to refuse the federal government’s requests to detain people accused of minor crimes who are suspected of being in the U.S. illegally, according to immigration advocates.
In enacting the policy, Newark becomes the latest city to opt out of the most controversial part of the “Secure Communities” program implemented by the U.S. Immigration and Customs Enforcement Agency in 2011, which allows the agency to ask local police to hold any suspect for up to 48 hours if their immigration status is called into question.
In the past two years, cities and states across the nation, including New York City, Chicago, Los Angeles, Massachusetts and Connecticut, have adopted similar policies. Earlier this week, Orleans Parish sheriffs also said they will stop honoring the detainer requests.
“Secure Communities” was designed to enhance ICE’s ability to track dangerous criminals who are undocumented immigrants. Under the policy the Department of Homeland Security reviews fingerprints collected by local police during an arrest, which then allows ICE to issue the detainer requests. Immigration advocates, however, argue the policy has been misused, leading to the deportation of people accused of low-level offenses and inhibits collaboration between police and people who are undocumented.
Udi Ofer, the executive director of the state chapter of the ACLU, said Newark’s policy was a collaborative effort between the city, the ACLU and several immigrants rights groups.
“With this policy in place, Newark residents will not have to fear that something like a wrongful arrest for a minor offense will lead to deportation,” said Ofer. “It ensures that if you’re a victim of a crime, or have witnessed a crime, you can contact the police without having to fear deportation.
Newark Police Director Samuel DeMaio signed the directive on July 24. Newark will no longer comply with ICE requests to hold suspects accused of crimes like shoplifting or vandalism.
City police will continue to share fingerprint information with federal investigators, according to DeMaio, who said the department received only eight detainer requests in 2012.
“If we arrest somebody for a disorderly persons offense and we get a detainer request we’re not going to hold them in our cell block,” he said. “I don’t know if we’ve ever gotten a detainer request on a guy with a misdemeanor.”
An ICE spokesman declined to comment directly on the policy. But immigrants rights advocates hailed the move as an olive branch to undocumented immigrants, who often hesitate to cooperate with police who are investigating serious crimes in their community for fear of deportation.
That fear has been evident in a series of community meetings in the Newark’s immigrant-heavy Ironbound neighborhood, which began after “Secure Communities” was implemented in New Jersey last year, said East Ward Councilman Augusto Amador.Amador has been present for a number of those sessions, and said the culture of fear created by the program stopped many undocumented immigrants from reporting crimes committed against them in the area.
“I agree totally with the policy,” he said. “The Newark Police Department already has enough problems to worry about, rather than being involved with matters that don’t belong to them.”
A representative for Mayor Cory Booker’s administration said the policy is a smart move that strengthens ties with city residents and maintains a relationship with ICE.
“The Newark Police Department’s policy improves community relations, while saving taxpayer money and ensuring that city, state, and federal officials continue to share critical information needed to prosecute criminals and keep our streets safe,” said city spokesman James Allen.
Nisha Agarwal, deputy director of the Center for Popular Democracy, said ICE has misused the “Secure Communities” policy in other areas, and Newark’s directive will slowdown the agency if it attempts to start deportation proceedings against someone for a small-scale offense.
“They often will (issue) detainers in cases where it’s really minor, when the person is not a threat to society in any way,” she said.
New Jersey has one of the country’s largest immigrant populations and the state is home to more than 500,000 undocumented immigrants, according to Amy Gottlieb, director of the American Friends Service Committee. Gottlieb said she hopes to see other New Jersey law enforcement agencies echo Newark’s policy.
“Any detainer policy where people are aware that the police department is acting in support of the immigrant community is going to be helpful for police and immigrant relations,” she said.
Source
“Llevaron a cabo vigilia contra Trump por el huracán María”
“Llevaron a cabo vigilia contra Trump por el huracán María”
Los oradores incluyeron a Jaime Contreras , vicepresidente del sindicato 32BJ , Mary Cathryn Ricker , vicepresidenta ejecutiva de la Federación de Maestros de EE.UU. , Jordan Haedtler , director...
Los oradores incluyeron a Jaime Contreras , vicepresidente del sindicato 32BJ , Mary Cathryn Ricker , vicepresidenta ejecutiva de la Federación de Maestros de EE.UU. , Jordan Haedtler , director de campaña del Centro para la Democracia Popular, y Tatiana Matta , puertorriqueña que aspira al Congreso por el distrito 23 de California.
Lea el artículo completo aquí.
Stable schedules for workers boost retail sales
Stable schedules for workers boost retail sales
Funding for the research came from the W.K. Kellogg Foundation, the Washington Center for Equitable Growth, the Robert Wood Johnson Foundation, the Institute of International Education in...
Funding for the research came from the W.K. Kellogg Foundation, the Washington Center for Equitable Growth, the Robert Wood Johnson Foundation, the Institute of International Education in collaboration with the Ford Foundation, Center for Popular Democracy, the Suzanne M. Nora Johnson and David G. Johnson Foundation, and the Gap.
Read the full article here.
Does the Federal Reserve need reforming?
Does the Federal Reserve need reforming?
First, the Federal Reserve is a pretty complex place. There’s the Fed in Washington we talk about every time interest rates are changed (or not changed). Then there are 12 regional Federal...
First, the Federal Reserve is a pretty complex place. There’s the Fed in Washington we talk about every time interest rates are changed (or not changed). Then there are 12 regional Federal Reserve Banks, each with a board of directors of nine people.
That’s where the Democratic Party, and activist groups on the left, are aiming their fire.
Currently, three of those nine directors are representatives of private banks (private banks are members of the regional Federal Reserve Banks). Another three are community representatives, but also elected by private banks. The remaining three are appointed by the Board of Governors.
Critics on the left, in addition to calling for more diversity within the Federal Reserve system, also want private banks gone from regional fed banks. “These private banks get a say on who’s on those board of directors and they get representatives on those boards of directors,” said Ady Barkan, campaign director of Fed Up, a left-leaning group that’s pushed for changes at the fed. “It’s an egregious example of regulatory capture.”
Barkan says that regional bank presidents tend to be more conservative, more hawkish on interest rates, than their counterparts in Washington D.C. He blames both a lack of diversity and the influence of private banks. “You can’t imagine for example that cable networks would get some special role in choosing people on the FCC,” said Andrew Levin, professor of economics at Dartmouth College.
But the fed has already undergone some major reforms to limit influence. Under Dodd Frank, the private-bank representatives who serve on regional boards don’t get to nominate regional presidents anymore. “The bankers themselves are not involved in the choice of that person,” explained Stephen Ceccetti, professor of economics at Brandeis International Business school. “That is the person who participates in monetary policy discussions and decisions.”
Ceccetti also argues that the conservative, hawkish leanings of some regional Fed presidents are actually at odds with bank profits. “Higher interest rates don’t help banks,” he said.
Lastly, he said, regional Fed banks aren’t responsible for actually regulating banks, “they don’t even get to see the stuff.”
Chair Janet Yellen herself has said that if the fed were redesigned from scratch, it would probably look pretty different than it did a hundred years ago, but, in her view, it works pretty well. Ceccetti agreed, saying “I don’t see that anyone’s been able to show that there’s any harm or pressure applied by the banks through their directors to the policy of the Federal Reserve.”
Changing the structure of the fed would require an act of congress.
By SABRI BEN-ACHOUR
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