Bar bank executives from regional Fed boards, says Yellen's ex-advisor
Bar bank executives from regional Fed boards, says Yellen's ex-advisor
A former top Federal Reserve policy advisor said on Monday that bank executives should be barred from serving on the boards of the Fed's 12 regional outposts, Fed policymakers should serve just...
A former top Federal Reserve policy advisor said on Monday that bank executives should be barred from serving on the boards of the Fed's 12 regional outposts, Fed policymakers should serve just seven years, and monetary policy should be subject to an official annual review.
The proposals from Dartmouth College Professor Andrew Levin represent substantial change for the Federal Reserve.
Banks currently appoint six of the nine members of regional Fed bank boards, policymakers often serve a decade or more before retiring, and the details of monetary policymaking have always been a closely guarded secret, with transcripts of meetings released only after a five-year interval.
Levin, who advised Fed Chair Janet Yellen when she was Fed vice chair, released the proposals via the Fed Up Coalition, a network of community organizations and labor unions calling for change to the U.S. central bank. It is unclear how they will be received by other Fed critics who have called for even more sweeping changes, or the 101-year-old institution itself, which has largely resisted reform proposals.
The Fed has come under increasing fire in recent months from both Democrats and Republicans for what they say is a lack of accountability and transparency, with lawmakers and presidential candidates calling for a wide range of limits on the Fed's powers.
In response, some current and former Fed officials have begun to call for steps to placate the U.S. central bank's harshest critics.
Levin on Monday also called for the process of appointing Fed bank presidents to be more transparent and to involve the public. Currently Fed bank presidents are chosen in a closed-door process run by each bank's board and approved by the Washington-based Fed Board.
Reporting by Ann Saphir; Editing by Meredith Mazzilli
Source
EXCLUSIVE: City Lawmaker Demands that Charter Schools Show How They Use Tax Money
New York Daily News - February 24, 2015, by Ben Chapman and Lisa Colangelo - A lawmaker is asking the city’s charter schools to hand over paperwork showing how they use millions of dollars in tax...
New York Daily News - February 24, 2015, by Ben Chapman and Lisa Colangelo - A lawmaker is asking the city’s charter schools to hand over paperwork showing how they use millions of dollars in tax money. And they have five days to do it.
City Councilman Daniel Dromm, who chairs the Education Committee, said he is troubled by the “lack of transparency and accountability” of charter schools.
“They receive over a billion dollars in taxpayer funds and we don’t know what’s going on,” Dromm, a Queens Democrat, told the Daily News on Monday.
Dromm sent a letter to all 197 charter schools in the city asking them for copies of their committee board minutes and fraud prevention policies. He also asked if they would voluntarily submit to the city Conflict of Interest Board to examine relationships between school board members and developers.
Dromm’s action comes after The News reported in November that an analysis by the Center for Popular Democracy found more than $28 million in questionable spending and probable financial mismanagement in 95% of the charter schools examined by state auditors since 2002.
James Merriman, CEO of the New York Charter School Center, dismissed Dromm as an “attack dog” for the United Federation of Teachers, which is opposed to charter schools.
Source
De Blasio Administration Rejects Two Council Voter Registration Bills
Gotham Gazette - October 23, 2014, by Kristen Meriwether -In 2000 the City Council passed Local Law 29 which aimed to increase voter registration by requiring 19 city agencies to offer voter...
Gotham Gazette - October 23, 2014, by Kristen Meriwether -In 2000 the City Council passed Local Law 29 which aimed to increase voter registration by requiring 19 city agencies to offer voter registration forms to its customers. It's fourteen years after the law's passage and compliance has been abysmal.
A report compiled by Center for Popular Democracy released this week shows during their walk-ins to 14 of those city agencies, 95 percent of people were never asked if they wanted to register to vote. Of those who self-identified as citizens, the report indicated 84 percent were not given a voter registration form.
On Thursday the City Council held an oversight hearing to discuss the poor compliance and introduce two bills aimed to increase voter registration at the city agency level. Intro 493, sponsored by Committee on Government Operations chair Ben Kallos, would require 15 additional agencies to be covered under the agency-based voter registration law. Intro 356, sponsored by Council Member Jumaane Williams, would assign a code to each agency that would be printed on the voter registration forms and allow the City to track how many forms are being utilized from each agency.
Both bills are being rejected by the de Blasio administration.
"We are committed to getting agency-based voter registration right," Mindy Tarlow, director of the Mayor's Office of Operations, said during her testimony. "But to get it done, we are going to need time and space to manage the agencies and correct long-standing behavior."
Tarlow pointed to Directive 1, issued by Mayor Bill de Blasio on July 11, 2014. In the directive—his first as mayor—he ordered each agency covered under Local Law 29 to prepare a plan showing how they would implement the requirements of the Charter and submit it within 60 days.
The directive also requires each agency submit a semi-annual report on how the plan is being implemented which will include the number of voter registration forms distributed, the number of registration forms completed, and the number of forms transmitted to the Board of Elections.
Tarlow said she agrees with the assessment that there is a problem, but she argued that with the administration already addressing the problem, it was too early for further legislation.
"It is hard. We are trying to bring a number of agencies along," Tarlow said, adding that before moving on new legislation, "we want a chance to feel like we have made some inroads."
Tarlow did not provide an exact timeline as to when the Council would see the results from Directive 1, but did promise to share preliminary reports with the Council some time at the end of November. Kallos jokingly said he looked forward to to reading it in between bites of his Thanksgiving dinner.
"We need the flexibility to watch this over time," Henry Berger, special counsel to the mayor, said during the hearing.
Intro 356The administration's rejection of the second bill, Intro 356, is based less on Directive 1 and more on privacy concerns. Tarlow argued that by putting a code which would identify what agency a voter was getting services from may deter voters from registering at agencies.
"This is to protect the privacy of the individuals who receive services from government that they don't wish to be disclosed," Tarlow said in her testimony.
The council members now face the prospect of attempting to negotiate the bills with the administration.
On Thursday, Council Member Williams went through a lengthy back-and-forth with members of the administration as well as representatives of the Board of Elections (who testified in a later panel) to dispute objections. Williams argued there was already a code (the number 9) on all voter registration forms coming from City agencies and a separate code for those coming from CUNY.
Both Williams and Kallos asked if it was a matter of that information being released to the public or simply being documented. Tarlow said it wasn't a matter of determining who the person was, but what services they were seeking or receiving. She said the administration believes the fear of that information getting out would deter people from signing up to register to vote.
Williams pointed out information such as social security numbers, fax numbers, and driver's license numbers are all exempt from public reporting, but records are still kept. He argued this code could be exempt as well.
Michael Ryan, executive director of the New York City Board of Elections (BOE), said during his testimony the BOE did not believe this code could be exempt based on current law, but he admitted they did not have a chance to dive in deeply on the issue because they were preparing for the upcoming election.
"I don't know that I have been persuaded," Williams said.
Source
Education Department Releases List of Federally Funded Charter Schools, though Incomplete
The U.S. Department of Education has released a list of the charter schools that have received federal funding since 2006.
The move comes in the wake of requests by the Center for Media and...
The U.S. Department of Education has released a list of the charter schools that have received federal funding since 2006.
The move comes in the wake of requests by the Center for Media and Democracy (CMD), dating back to 2014, for public disclosure of who had received federal taxpayer money. CMD had submitted requests for this and related information to the Department and several states.
In October 2015, CMD released its report "Charter School Black Hole: CMD Special Investigation Reveals Huge Info Gap on Charter School Spending," discussing the more than $3.7 billion dollars the federal government had spent on charters and the gaps in what the public could see about which charters received taxpayer money.
Two months later, the Department of Education issued a news release on the subject, titled "A Commitment to Transparency: Learning More about the Charter School Program." The data was released to the public on the eve of Christmas Eve.
According to the Department, "The dataset provides new and more detailed information on the over $1.5 billion that CSP [the Charter School Program] has provided, since 2006, to fund the start-up, replication, and expansion" of charters.
It includes information on which grant program funded each of the charter schools listed and how much. That is more information than the public has ever been given about the true reach of the CSP program into their communities, fueled by federal tax dollars.
It lists more 4,831 charter school with the amounts received in that period, but it does not indicate which of them closed. CMD has sought to assess the number of closed charters using other data as a proxy but ambiguities have impeded that effort.
In its December release, the agency noted that more than half of the charter schools in its list of nearly 5,000 were "operational" as of the last school year with complete data: "CSP planning and startup capital facilitated the creation of over 2,600 charter schools that were operational as of SY 2013-14; approximately 430 charter schools that served students but subsequently closed by SY 2013-14; and approximately 699 'prospective schools.'”
The fate of each of the more than 2,000 charter schools in the difference between 4,831 and 2,600 is not definitively known, although CMD's initial analysis indicates that far more than 430 charters have closed over the past two decades. The agency has not released a complete list of closed charters that received federal funds and how much.
The dataset also does not go back to the beginning of federal charter school funding in 1993, though it does cover the more recent period CMD sought information about. Accordingly, the dataset does not include all the charter schools that received federal tax monies but closed since the inception of the federal charter school program.
The list released in December also did not include the names of "prospective schools" that received federal funds but never opened, which CMD has called "ghost" schools--as with the 25 it found that never opened in Michigan in 2011 and 2012 but that received at least $1,7 million dollars, according to a state expenditure report.
So on January 13, 2016, CMD filed a new set of open records requests with the Department of Education asking that it fill in those gaps and also provide information about communications regarding closed charters and prospective charters.
This is part of a long-term investigation of charter schools that CMD started nearly five years ago.
In 2011, CMD began examining the close relationship between charter school businesses and legislators after a whistleblower provided it with all of the bills secretly voted on through the American Legislative Exchange Council (ALEC) where corporate lobbyists vote as equals with lawmakers on bills that are then pushed into law in statehouses across the country.
That award-winning investigation shed new light on an industry that had grown from an "experiment" in 1992 (in Minnesota) into an influential network with a league of federal and state lobbyists seeking increasing redistribution of funds from traditional public schools to other entities under the watchword of "choice."
Over the past nearly five years, CMD has documented the impact of the policies on American school children, despite the PR claims of the industry, which has an increasing number of allies within education agencies who are devoted to charter expansion at the expense of traditional public schools. CMD has written about numerous aspects of the charter school industry as well as corporations, non-profit groups, and policymakers involved in the effort to privatize public schools in numerous ways. CMD has also documented how budget difficulties following the Wall Street meltdown under George W. Bush have been seized on by some in the industry as opportunities to try to displace school boards and local democratic control of schools and spending. CMD has also documented how billionaire funders of ALEC, such as the Koch brothers, have pushed their hostility toward the idea of public schools under the guise of choice.
In 2014, CMD sought to determine how much money the federal government had spent on charters, through State Education Agencies (SEAs) or Charter Management Organizations (CMOs) or other vehicles and discovered that this information was not publicly available. Instead, key data about how Americans' tax dollars were being spent on the charter school experiment and its failures was largely hidden from public view.
When CMD sought the identities of the charter authorizers or CMOs that had been essentially designated via ALEC bills to determine which charters were eligible to receive federal funds, the feds suggested asking the CMOs, even though many of them are private entities not covered by Freedom of Information Act (FOIA) rules or state open records laws.
CMD was told to ask NACSA, the National Association of Charter School Associations, a private group created as a result of this new industry, but NACSA also did not maintain a public list of all the charters that had received federal funding and how much each had received.
Additionally, the states through their SEAs--where pro-charter staffers work within state education departments--varied greatly in how much information was provided to the public about which charters had received funds and how that taxpayer money had been spent--despite mounting news accounts of fraud and waste by charters, including numerous criminal indictments, as tallied at more than $200 million by the Center for Popular Democracy.
Under ALEC-style charter bills, charters were exempted from most state regulations including key financial reporting and controls, and a number of charters refused requests by the press under open records laws for such information.
Although some charters were managed by school districts, many were not, and with this deregulation has emerged an array of questionable practices, such as "public" or non-profit charters that outsource their administration to for-profit firms--in addition to the advent of for-profit charters, like K12's "virtual schools," another conduit for redistributing taxpayer dollars through yet another ALEC bill.
When CMD sought information on how much money had even been spent on charters, no one knew. So CMD calculated the figure the federal government has spent fueling the charter school industry and the current tally stands at more than $3.7 billion.
But, that revealing figure did not provide the public with the information it has a right to know about where all that money actually went, as noted in CMD's report "Charter School Black Hole."
So CMD requested information about which charters received such funds and how much.
In releasing the new dataset, the Department of Education is providing new transparency about charter school grantees, although significant gaps remain.
Source: PR Watch
Immigrant group targets Wells Fargo for supporting ‘Trump campaign of hate’
Immigrant group targets Wells Fargo for supporting ‘Trump campaign of hate’
Advocates for undocumented immigrants gathered outside 3 Wells Fargo Center in uptown Charlotte Wednesday to demand the bank cut all ties with companies that profit from deportations.
...
Advocates for undocumented immigrants gathered outside 3 Wells Fargo Center in uptown Charlotte Wednesday to demand the bank cut all ties with companies that profit from deportations.
Hector Vaca of Action NC says the goal of the event is to get Wells Fargo to pull its money out of private prisons and immigrant detention centers. The protesters are also demanding the bank use its political influence to stop plans for a wall along the Mexican border.
Read the full article here.
Support Asylum Seekers From the Migrant Caravan Vilified by Trump
Support Asylum Seekers From the Migrant Caravan Vilified by Trump
With 71 percent of people detained by ICE held in privately-operated facilities, the private prison industry is one of the largest beneficiaries of anti-immigrant policies. The Center for Popular...
With 71 percent of people detained by ICE held in privately-operated facilities, the private prison industry is one of the largest beneficiaries of anti-immigrant policies. The Center for Popular Democracy, Make the Road New York, Enlace International, New York Communities for Change, and the Strong Economy for All Coalition recently released a report that found that Wall Street companies such as JP Morgan and Wells Fargo not only profit from the industry: they massively increased their investments after Donald Trump was elected president. Check out the report here, then write a letter to one of the companies and share some of the report’s most potent facts on social media using the hashtag #BackersofHate.
Read the full article here.
New York City Council Passes Free Legal Counsel for Poor Immigrants Facing Deportation
Latin Post - June 30, 2014, by Michael Oleaga - New York Assemblyman Francisco Moya, author of the state's DREAM Act, told Latin Post, "The New York City Council's decision to create the nation's...
Latin Post - June 30, 2014, by Michael Oleaga - New York Assemblyman Francisco Moya, author of the state's DREAM Act, told Latin Post, "The New York City Council's decision to create the nation's first public defender system for immigrants facing deportation is a bold move for justice and I am proud to say that I was an early supporter of this initiative on the state level. One of my proudest accomplishments this year is that I was able to secure funds in the state budget for the New York Immigrant Family Unity Project."
"Facing a judge without counsel provides an unreasonable barrier to justice," Moya added. "If you wind up in immigration court and must defend yourself against trained attorneys, it's almost impossible to avoid deportation. Providing counsel for those facing deportation is about justice and family unity. No one should have to lose a family member to deportation just because they couldn't afford an attorney. I applaud the efforts of the New York City Council and look forward to taking up my bill to expand this program statewide again next year."
New York City became the first jurisdiction in the United States to provide free legal counsel to detained undocumented immigrants facing deportation. New York City's Council passed the $4.9 billion program known as the New York Immigrant Family Unity Project (NYIFUP) after a "successful" yearlong trial.
The NYIFUP's funding from the City Council grants legal representation for nearly 1,380 detained immigrants in the city.
The program is also the result of a five-year study by the Center for Popular Democracy, the Immigrant Justice Clinic of Cardozo Law School, Make the Road New York and the Northern Manhattan Coalition for Immigrant Rights (NMCIR). According to the Vera Institute of Justice, more than 7,000 U.S. citizen children in New York City lost a parent to deportation between 2005 and 2010. Sixty-seven percent of detained immigrants in the city continue their deportation hearings without legal counsel, and only 3 percent find success. Vera noted immigrants with legal representation are 10 times more likely to find a successful outcome in immigration court.
"In addition to the financial hardship caused by the loss of a primary breadwinner, these children have been shown to suffer significant emotional and psychological effects," said Vera, which administered the initial one-year-pilot program and sought to increase "court effectiveness and decrease detention times" and would save taxpayer dollars.
"In time, NYIFUP would become a model for other jurisdictions that value their immigrants and counterbalance overtly hostile immigration policies enacted in states like Arizona and Alabama," NMCIR stated. "New York State has an opportunity to lead by making resources available to address a critically important unmet need and to keep New York families together."
NMCIR Executive Director Angela Fernandez acknowledged deportation proceedings do not require the government to provide lawyers since it is considered a "civil" matter rather than criminal.
"However, to the immigrants who are held in county jails, shackled and forced to litigate in one of our most complex arenas of law against trained government attorneys, the civil designation is cold comfort," Fernandez said.
"New York City's investment in the New York Immigrant Family Unity Project will not only help those who receive legal representation in decisions that will profoundly affect their lives, but it will also send a clear message that the city values and protects all families," Make the Road New York's Immigration Project's Cesar Palomeque said in a statement.
"The City Council should be congratulated for its leadership in ensuring that no detained New Yorker will be deported without an opportunity to show that she or he is entitled to remain in the country," Vera Director of the Center on Immigration and Justice Oren Root said.
Credit for the NYIFUP has been given to City Council Speaker Melissa Mark-Viverito and Councilmembers Carlos Menchaca, Julissa Ferreras and Daniel Dromm.
On a federal level, House Democrats have proposed the Vulnerable Immigrant Voice Act (VIVA) (H.R. 4936) legislation that would provide legal representation to unaccompanied minors and mentally disabled individuals during immigration proceedings. According to the Department of Homeland Security (DHS), nearly 90,000 children will immigrate to the U.S. without an adult by the end of 2014.
"Currently, thousands of these children are stuck in a legal limbo as they seek a brighter future in the United States and most will not have legal representation," National Immigration Forum's Executive Director Ali Noorani told Latin Post.
The National Immigrant Justice Center's Executive Director Mary Meg McCarthy, Senate and House immigration reforms such as S. 744 and H.R. 15 provides legal representation to undocumented people for immigration court, but both bills have stalled in Congress.
Source
L Brands, owner of Victoria's Secret and Bath & Body Works, ending on-call scheduling
Dive Brief:
-
L Brands Inc. is the latest retail company to end “on-call scheduling” in the face of a ...
L Brands Inc. is the latest retail company to end “on-call scheduling” in the face of a warning letter from New York Attorney General Eric Schneiderman that the practice likely violates state law.
The company said its Bath & Body Works stores and Victoria’s Secret stores are phasing out the practice nationwide.
Rise Up Georgia, a partner of the Fair Workweek Initiative at the Center for Popular Democracy, has been organizing L Brands workers and asking the company to end the practice, especially at Bath & Body Works stores, and says the latest move doesn’t go far enough.
Dive Insight:As the practice of on-call scheduling has drawn more scrutiny, lawmakers and regulators are calling for an end to the practice and taking steps, as Schneiderman's office has, to rein it in. Several jurisdictions, including a few states, already have laws on the books that could be used to temper or end the practice.
On-call scheduling uses algorithms to determine when workers are most needed or not, and many retailers have taken to sending workers home or having them at the ready without pay. That wreaks havoc on workers’ lives, hampering their ability to attend school, care for families, or hold down other jobs.
An improving job market is also helping make the practice less tenable as workers are more able to find jobs that are less disruptive to them.
Retailers should be prepared to see more such concerns, warnings, and even legislation as just-in time scheduling gets more scrutiny, Gail Gottehrer, a labor & employment litigator at Axinn Veltrop & Harkrider in New York who works on behalf of employers, told Retail Dive. The practice was a major concern when the San Francisco Board of Supervisors last year unanimously passed its Worker Bill of Rights law.
But some worker advocates say that L Brands move doesn’t go far enough.
"L Brand employees still have to put their lives on hold," Erin Hurley, an organizer for Rise Up Georgia and a former Bath & Body Works employee, said in a statement. "The company might have ended one type of on-call shifts, but it is still allowing for harmful shift practices: since July, they have been relying on shift extensions at Victoria’s Secret, which are on-call shifts by another name. While we celebrate the step forward, we call on L Brands to take a definitive step toward a fair workweek by giving workers shifts with definite start and end times, and enough hours to support their families.”
Schneiderman, meanwhile, praised the move while also making it clear that his office will continue to monitor the practice.
Recommended ReadingWall Street Journal: Bath & Body Works to End On-Call Scheduling
Source: RetailDive
The Resistance Now: Star Wars, 'aliens' and Leonardo DiCaprio join the fight
The Resistance Now: Star Wars, 'aliens' and Leonardo DiCaprio join the fight
It seems the Earth has a sense of irony. “Record-breaking heat” is possible at the People’s Climate March in DC on Saturday, where thousands of people are planning to protest against the president...
It seems the Earth has a sense of irony. “Record-breaking heat” is possible at the People’s Climate March in DC on Saturday, where thousands of people are planning to protest against the president’s climate change policies on his 100th day in office. Trump’s initiatives include, but are not limited to, a 31% cut in the Environmental Protection Agency and potentially leaving the Paris climate agreement.
Among those suffering in the heat will be former vice-president Al Gore and, apparently, Leonardo DiCaprio. It is likely to take a titanic effort to change the other Wolf of Wall Street’s mind, however, as Trump has repeatedly said that the inception of climate change had nothing to do with mankind. Only 1,361 more days of this to go!
Read full article here.
'Substantial risk' that Fed is about to make a serious mistake, Pimco advisor says
'Substantial risk' that Fed is about to make a serious mistake, Pimco advisor says
For years, the Fed faced criticism that it wasn't being aggressive enough in raising rates. Now that it has started to hike, the central bank is under increasing fire for moving too soon.
...
For years, the Fed faced criticism that it wasn't being aggressive enough in raising rates. Now that it has started to hike, the central bank is under increasing fire for moving too soon.
The latest scrutiny comes from Joachim Fels, global economic advisor at Fed bond giant Pimco, who said the Fed shouldn't be tightening policy with the evidence so clear that it is falling well short of its inflation mandate.
Read the full article here.
3 hours ago
3 days ago