Out-Of-State Money Pours In To Raise Colorado’s Minimum Wage
Out-Of-State Money Pours In To Raise Colorado’s Minimum Wage
DENVER (CBS4) – Voters will get to decide whether to raise the minimum wage in Colorado after the proposal made it on the November ballot.
A lot of out-of-state money will be poured into...
DENVER (CBS4) – Voters will get to decide whether to raise the minimum wage in Colorado after the proposal made it on the November ballot.
A lot of out-of-state money will be poured into the fight. Much of it is expected to come from organizations funded by labor unions that are helping push a constitutional amendment in Colorado that would raise the minimum wage to $12 an hour over the next four years. Restaurants are among those that will be hit hardest.
The group behind the ballot initiative calls itself Colorado Families for a Fair Wage, but most of the funding for the measure has come from outside Colorado.
“The people who are running the campaign are not from Colorado, the people donating to the campaign are not from Colorado. All their money has gone to (Washington, D.C.), 90 percent has gone to D.C., 90 percent has come from out of state,” said Tyler Sandberg with the opposition group Keep Colorado Working, a coalition of Colorado businesses.
Sandberg says the influence of national groups is evident in what he calls a “one-size-fits-all” approach.
“Because it’s people who don’t understand Colorado. People from Colorado would understand the difference of cost of living between a small family-owned restaurant in Alamosa and a big box store in Denver,” Sandberg said.
“I don’t care whether in Alamosa or right here in the Denver region, there is no way folks can meet their basic needs on less than $300 a week. That’s what the current minimum wage is,” said Felicia Griffin, a campaign organizer who insists the effort is home grown.
Griffin admits much of the money raised so far — more than $1 million — has been from out of state, including nearly $185,000 from the Fairness Project out of California, and $350,000 from the Center for Popular Democracy Action fund out of New York. Both organizations have ties to national labor unions, and dues go up if wages do.
“We’re up against national very politically connected labor unions that have unlimited dollars,” Sandberg said.
“It’s hard to fund these initiatives initially until they’re on the ballot with local money, but it’s definitely local hearts, local businesses, local faith leaders, local people that are actually impacted by this that are leading the charge,” Griffin said.
So far opponents have raised just over $100,000, with much of it from restaurants.
In addition to Colorado; Arizona, Maine and Washington are also considering ballot measures to boost the minimum wage to $12 an hour.
California, New York and Washington, D.C. raised their minimum wage to $15 an hour.
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Meet The Foreclosed Grandmas Facing Federal Charges For Protesting ‘Too Big To Jail’
Seven women were arraigned Tuesday in Washington, D.C., on federal charges of “unlawful entry” stemming from last month’s homeowner sit-ins at the Department of Justice and a lawfirm called...
Seven women were arraigned Tuesday in Washington, D.C., on federal charges of “unlawful entry” stemming from last month’s homeowner sit-ins at the Department of Justice and a lawfirm called Covington and Burling. Protesters targeted Covington for its revolving-door relationship with a government that’s failed to prosecute Wall Street. When Lanny Breuer stepped down as head of DOJ’s criminal division this winter after Frontline revealed him as the primary culprit in the government’s apparent ‘too big to jail’ approach to foreclosure fraud, Covington provided him a new professional home. It’s also provided a moniker for the group formally charged on Tuesday: the “Covington Seven.”
The women face one of three different legal paths, their attorney Mark Goldstone told ThinkProgress. The charges bear a maximum penalty of six months jail time and/or a $1,250 fine. While a small fine is more likely to be the outcome, Goldstone said, that would come with a conviction on their permanent records. The women might be able to escape conviction provided they are not re-arrested and they do not return to Covington and Burling premises.
After their arraignment, members of the Covington Seven told ThinkProgress why they’d gotten involved.
Sherry Hernandez of Los Angeles told me her Countrywide mortgage ballooned after just four months, with her monthly payments jumping by $800. Her family decided to get a different loan and get out of the suddenly-unaffordable Countrywide mortgage, since they knew they had notarized paperwork showing their loan did not carry penalties for paying it back early. “But they held us to this prepayment penalty we didn’t agree to,” Hernandez said, which “raised our payment trying to get out of the predatory loan by $75,000 more.” Countrywide was the largest subprime lender, and implicated in much of the ugliest financial conduct of the housing bubble and bust. Yet a few years after it was bought by Bank of America, a firm called PennyMac sprang up, run almost entirely by Countrywide alumni. The Hernandezes sued Countrywide successfully, but meanwhile the second loan they’d taken out to replace the predatory one had been sold off…to PennyMac. “PennyMac has foreclosed,” Hernandez said. (PennyMac declined to comment on an individual case, citing privacy laws.)
Asked what she wanted to her message to be on the day she attended the sit-in, Hernandez chuckled. “Oh I have the perfect line. It’s the line they used on us when our hands were cuffed behind our backs, the seven little grandmas: ‘If you don’t arrest them, they’ll just do it again.’”
Deborah Castillo of St. Louis came home from voting on Election Day of 2012 to find an eviction notice on her front door. Castillo, 60, had seemed well positioned for her financial future just a few years earlier, with a good handle on her own mortgage and an investment property nearly paid off. “I had a two-family flat that was $3,000 from being paid for,” Castillo said, “but I had to refinance that in 2005 to help pay for the medical bills for my son, who’s schizophrenic.”
“That was my so-called nest egg, that was our security. And so I had to refinance that, unfortunately with Countrywide.” The same year, Castillo’s daughter contracted bacterial meningitis, and Castillo took 9 months away from her phone company job to care for her daughter. When the balloon payment hit, Castillo couldn’t keep up. Her husband lost his job amid the economic downturn, compounding their struggles. Just a few years on from nearly owning their “nest egg” rental property, Castillo found herself drawing down retirement savings to make ends meet.
And then, in the middle of the loan modification process, US Bank foreclosed on the Castillo family home. “[They] sat on the paperwork,” Castillo told ThinkProgress. The bank refused to accept payments while the modification was pending, yet charged Castillo penalties for missed payments. “Their lack of processing my document on time allowed them to put me in foreclosure,” she said. With eviction pending, Fannie Mae sought and won a $17,000 judgment against Castillo “for being in my home illegally.” (A representative of US Bank officially declined to comment, citing policy against discussing ongoing litigation.)
Castillo is clear-eyed about the culprits in her case. “Something can happen to you in life, no matter what, that can cause you to get into a bind,” Castillo said. “But US Bank, they’re not losing.” Thanks to bailouts, “there was no reason for the banks to settle or work with people, because the government guaranteed that they would win, that they would not be left holding the bag.” And now, with the initial crisis that sparked the government aid to the financial sector, no one in Washington was doubling back to address the paperwork rigmarole that the bailed-out companies used to boot the Castillos from their home. That’s how Castillo ended up getting handcuffed in the Covington and Burling lobby. “We wanted to get someone’s attention. And unfortunately, doing it the legal way through the court is not getting their attention,” she said.
“I worked my ass off to help [President Obama] get elected,” said Castillo, whose volunteer work for the 2008 campaign earned her the photo-op at right. “And now I want him to work his ass off to keep not only me in my home, but everybody else. Because he didn’t get there on his own. I don’t think he’s forgotten, but he needs to put his foot up somebody’s ass and make them remember, we helped put them there.”
Castillo, Hernandez, and the other five, whose stories reflect the same themes of deception and bullying, have to choose how to respond to the unlawful entry charges prior to a July court date. But whichever path each decides to walk, they’ll face more punishment than any of the companies involved in these wrongful foreclosures have faced. “The charges are much harsher for those that sit in front of a doorway than those who steal billions of dollars, force people out of their homes, wreck the economy, and wreck people’s lives,” Goldstone, their lawyer, said. “It demonstrates there’s two systems of justice.”
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Protest Matters: Senate Asks F.B.I. to Investigate Kavanaugh After Flake Is Confronted by Sexual Assault Survivors
Protest Matters: Senate Asks F.B.I. to Investigate Kavanaugh After Flake Is Confronted by Sexual Assault Survivors
The Senate Judiciary Committee abruptly halted the effort to confirm Brett Kavanaugh to the Supreme Court on Friday, agreeing to a request from Sen. Jeff Flake, an Arizona Republican, to delay a...
The Senate Judiciary Committee abruptly halted the effort to confirm Brett Kavanaugh to the Supreme Court on Friday, agreeing to a request from Sen. Jeff Flake, an Arizona Republican, to delay a final vote for one week, to give the FBI time to investigate three allegations of sexual assault and harassment against the judge.
Read the full article here.
Donald Trump isn't crazy to attack the Fed
Donald Trump isn't crazy to attack the Fed
Today, as the Federal Reserve meets to set monetary policy, it will also be bracing for another round of attacks from Donald Trump. In one of the many twists of this strange election season, Trump...
Today, as the Federal Reserve meets to set monetary policy, it will also be bracing for another round of attacks from Donald Trump. In one of the many twists of this strange election season, Trump has gone straight after Fed chairwoman Janet Yellen, saying she should be “ashamed” of keeping interest rates low, and accusing the Fed of creating a “false economy” and doing “political things.” If the Fed declines to raise rates today, as is expected, he will likely attack the central bank yet again.
The implication of Trump’s attacks is that the Fed is just another institution rigged against Trump: that Yellen is keeping rates artificially low to help the economy, which helps the Democrats look better and thus helps his opponent, Hillary Clinton.
Economists, and a lot of political observers, have been horrified by Trump’s direct attacks: What seems normal for the pugnacious outsider candidate is a major violation of American political norms. Politicians aren’t supposed to push the Fed one way or the other; it's a point of pride for the Fed, and for the nation overall, that the central bank sets policy independent of political pressure. Economists credit central bank independence as one of the great economic success stories of the 20th century, paving the way for lower inflation and stronger growth.
But how far off is he, really? It's true that the Republican nominee is violating tradition: critiquing individual policy decisions shows that he doesn't respect the line between politics and monetary policy. And there’s an implicit threat that could genuinely damage the Fed’s autonomy: He’s signaling that Fed leaders would be on notice in a Trump administration, and could pay a price for making decisions he didn't like.
But the line between politics and the Fed is far blurrier than the conventional wisdom would have it—and politicians before Trump have crossed it in much more serious ways. Moreover, buried within Trump’s comments is a kernel of truth: The Federal Reserve is, by definition, not independent. Unlike the Supreme Court, the central bank is a creation of Congress and is accountable to lawmakers on Capitol Hill. It can be changed—or abolished—by Congress as well. And to pretend it's not—to treat the Fed as an entity totally removed from American politics—also leaves us powerless to talk about the ways it might be improved.
It's important to point out that Trump's immediate accusations are almost certainly wrong: Economists across the political spectrum reject Trump’s claims that Yellen is declining to raise interest rates to improve Clinton’s election odds. Yellen, who has also firmly rejected Trump’s claims, does not set monetary policy alone; it’s set by the 12 members of the Federal Open Markets Committee. (Currently, it has just ten members.) That means no individual member, or even small group of members, can tip the scales to benefit a certain candidate. And any collusion would also be difficult to hide: Transcripts of FOMC meetings are released publicly (though on a five-year delay), and Yellen testifies before Congress four times a year.
“The fact that I don’t happen to agree with the conduct of policy doesn’t mean that they are being political,” said Glenn Hubbard, the dean of Columbia Business School and former top economist to President George W. Bush, who believes rates should rise faster. “I think that’s very unfortunate.”
A real example of political interference with monetary policy occurred in the early 1970s. Taped recordings of Richard Nixon provide clear evidence that Nixon pressured then-Fed Chair Arthur Burns to adopt expansionary monetary policies to improve his reelection chances. For instance, before Burns was confirmed by Congress, Nixon told him: “I know there’s the myth of the autonomous Fed ... and when you go up for confirmation some senator may ask you about your friendship with the president. Appearances are going to be important, so you can call [Nixon economic advisor John] Ehrlichman to get messages to me, and he’ll call you.” Nixon met with Burns frequently and tacitly pressured the chairman to keep policy loose. The FOMC transcripts indicate that many Fed members had doubts about the policy decisions but voted for them anyways.
Trump’s criticism of the Fed on the campaign trail doesn’t approach Nixon’s actual interference in monetary policy from the White house. But it does raise the broader question of what constitutes "political interference" in the Fed, and what constitutes legitimate criticism. One key distinction: Nixon used his presidential powers to influence Burns, while Trump currently has no such power over Yellen. But Trump, if elected, will also nominate the next Fed chair. That inherently means his criticisms of the central bank veer closer to political interference than critiques from academics like Hubbard.
“The line is blurry,” said Joseph Gagnon, a senior fellow at the Peterson Institute for International Economics who has worked at the Fed intermittently for the past 30 years.
On substance, what constitutes a "political" attack versus a policy criticism isn't immediately clear: Trump’s comments on the Fed often are substantive, such as when he said the Fed’s policy has created “a big, fat, ugly bubble.” But given his penchant for changing positions on the institution—he first said he’d retain Yellen before saying he’d replace her, for instance—many economists have concluded that Trump’s motives are concerned more with his own advantage than any serious policy beliefs.
To some experts, the threat posed by "political" attacks on the Fed has always been overblown. “I don’t get as worked up as some people to do about what politicians say,” Gagnon said. “They are allowed to have their opinions. If they think the Fed should do something differently, they can say it.”
The long tradition of deference to the Fed’s policy independence can even pose a risk: It creates an environment in which any critique of the Fed is seen as out of line, including the idea of reforming how it works. "The Federal Reserve is a crucial public agency, so there are lots of important questions—including the selection of its leaders, the determination of their priorities, and the specific strategy that they're following—that should all be open to public discourse," said Andrew Levin, an economist at Dartmouth who spent two decades working at the Fed, including as a top advisor to Yellen and her predecessor, Ben Bernanke.
Levin has been part of a movement that has put a few cracks in the protective shield around the Fed this year. Earlier this year, he published a set of recommendations for reforming the Fed in conjunction with the Center for Popular Democracy’s Fed Up campaign; the goal is to make the Fed's board members—currently 83 percent white, nearly three-quarters male and nearly 40 percent from financial institutions —more representative of the American public. Although it hasn’t received as much attention as Trump’s attacks on the Fed, Hillary Clinton also quietly criticized the central bank when her campaign said she supported such reforms.
To Ady Barkan, the head of the Fed Up campaign, these efforts do not constitute an unacceptable interference with the Fed’s independence, and neither do Trump’s comments. The Fed’s independence, he said, comes from its structure; its leaders are appointed, not elected, for long terms, which inherently insulates the central bank from political pressure. The Fed must still be accountable to the public though, and one way policymakers fulfill that responsibility is through public comments. For that reason, Barkan added, monetary policy decisions “are appropriate topics for political debate.”
“The main thing about Trump’s comments is that they show real ignorance about how the Fed works,” he said. “I don’t object to the idea that Trump or Hillary would object to what the Fed is doing.”
By Danny Vinik
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Data Brief: Challenges Facing Albuquerque’s Modern Workforce
Bernalillo County, New Mexico has almost 472,000 hourly workers—nearly two-thirds of its total workforceb—who would benefit from updating workplace protections to match our modern workweek. Across...
Bernalillo County, New Mexico has almost 472,000 hourly workers—nearly two-thirds of its total workforceb—who would benefit from updating workplace protections to match our modern workweek. Across multiple measures, hourly workers are more likely than salaried workers to experience volatile, precarious schedules. A national survey found that 41 percent of early-career hourly workers know their schedules a week or less in advance and half of the hourly workers in the study said their schedules were decided by their employer alone. Nearly three-quarters of hourly workers reported that their weekly work hours had fluctuated in the past month.
This brief examines who the County’s nearly half-million hourly workers are; the working conditions they face; and the tailored policies that public officials can enact to match the changing rhythms of today’s workplace.
Download the report here:
Why U.S. Cities Are Fighting to Attract Immigrants
Why U.S. Cities Are Fighting to Attract Immigrants
Backyard barbecues. Fireworks. A day off work. Among these traditions we look forward to on the Fourth of July, there is an even more patriotic rite of passage: the oath immigrants take to become...
Backyard barbecues. Fireworks. A day off work. Among these traditions we look forward to on the Fourth of July, there is an even more patriotic rite of passage: the oath immigrants take to become American citizens.
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Pittsburgh to host progressive activists, leaders at National People’s Convention
Pittsburgh to host progressive activists, leaders at National People’s Convention
In Seattle’s 2013 election, Nick Licata broke the city’s record for the most votes received citywide for a city councilor in a contested race. That same year he was named the country’s Most...
In Seattle’s 2013 election, Nick Licata broke the city’s record for the most votes received citywide for a city councilor in a contested race. That same year he was named the country’s Most Valuable Local Official on The Nation’s list of most valuable progressives.
During his time on council, Licata sponsored and passed legislation like paid sick leave and supported a plan to raise Seattle’s minimum wage to $15 an hour, two social-justice objectives sought by activists around the country. At the end of last year, the veteran Seattle city councilor retired after 18 years in office.
That’s not the end of Licata’s social-justice crusade, however. This week he’ll visit Pittsburgh to attend two conventions on social-justice issues and share insights from his recently released book, Becoming a Citizen Activist.
“My primary mission right now,” says Licata, “is to work with both citizens and elected [officials] to recognize that no matter what happens after November, it’s critical that we maintain an activist space at the local level, because we’ve shown at the local level we can accomplish things, and we can continue to accomplish things no matter who is president.”
Pittsburgh and other cities haven’t seen as much progress on paid sick leave and the Fight for $15 as has Licata’s native Seattle. Pittsburgh City Council passed a paid-sick-leave bill last year, but a judge struck it down in December as unenforceable. And while the city and some employers have raised their minimum wage to $15 an hour, a mandatory minimum wage citywide is a ways away.
But Pittsburgh must be doing something right because it was selected to host those two social-justice conventions. The People’s Convention will bring more than 40 national activist organizations to the city, while the Local Progress Convening will see the arrival of hundreds of progressive municipal elected officials.
“Pittsburgh was identified as a place where [the] movement is very real,” says Erin Kramer, executive director of social-justice group One Pittsburgh. “There’s more workers organizing per capita in Pittsburgh than any other city in the country right now. There’s something happening in Pittsburgh right now, and folks want to come see it and learn from it.”
The pairing of the events isn’t an accident. They’re both sponsored by the Center for Popular Democracy, a group that works to build alliances between progressive organizations and politicians. Participants say collaboration between the two bodies is integral to ensuring progressive laws are passed and enacted.
“It is very important for elected officials who are trying to advance social change to have a direct understanding of the specific concerns of communities,” says Ana Maria Archila, co-executive director of Popular Democracy. “And it’s very important for community members to have relationships with elected officials. We know in the places where working families are winning we need both the pressure on the outside and the strategy on the inside.”
Jimmy John’s employee Chris Ellis has worked in the fast-food industry for more than two decades and has become a leader in the local Fight for $15. At the People’s Convention next week, he’ll have the opportunity to meet leaders from movements in other cities throughout the country.
“[I hope to learn] better organizing skills not just for the Fight for $15 movement but for all movements in general,” Ellis says. “I’m the type of person who sees myself trying to organize other fights, because once this fight is over, I’m looking for other fights.”
The interconnectedness of social-justice issues is widely recognized by activists. The People’s Convention will focus on topics like workers’ rights, health care, gun violence and education — issues that One Pittsburgh, which is part of the hosting committee, has been working on for more than a decade. The idea is to collaborate on these issues to build momentum and produce results.
“In Pittsburgh there’s lots of progressive work on half-a-dozen different issues at any given time, and increasingly those organizations are building partnerships with each other,” says Kramer, from One Pittsburgh. “We’ve been getting together to learn from each other and build our campaigns together. What I think folks are increasingly realizing is whether it’s housing, minimum wage or education justice, it’s really the same people who need to come together to build power to build a city that works for all of us.”
The event will develop strategies for appealing to lawmakers, but will also address barriers in cities where the majority of elected officials are already supportive of social-justice movements.
“Increasingly, we find ourselves literally preempted from solving problems at the local level by state legislatures that are unfriendly to the solutions we would propose,” says Kramer. “A good example is where we passed paid-sick-day legislation for tens of thousands of people in Pittsburgh and immediately it goes in front of the court because the restaurant association [the Pennsylvania Restaurant and Lodging Association] objects. The reason we don’t have a $15-an-hour minimum wage for the vast majority of Pennsylvanians is because you can’t do that at the city level.”
Combating these barriers that stifle progress at the municipal level — and particularly, developing strategies for fighting lawsuits against progressive laws — is something that will be discussed at the Local Progress convention this weekend as well.
“It’s the strategy,” says Licata, a Local Progress co-founder. “It’s smart on [the opposition’s] part, and I think that’s what we’ll see in other cities — corporate strategy to try to limit [these laws]. What I would like to see as we see more of these lawsuits being filed is Local Progress use our network to work on national strategies to fight these corporate challenges through the court system.”
To ensure laws fall within a city’s jurisdiction, Local Progress has also been holding workshops to examine the power that states hold over local municipalities. And they’re also looking into legislation that is being passed to further limit cities’ rights.
“As a rule of thumb, cities are creatures of the state,” says Licata. “Over half the states limit the authority of cities, and one of the ongoing battles we’re having that impacts local politics is the whole issue of states limiting citizens’ rights. We’ve been fighting on that. It’s a major concern.”
Ultimately, as a former activist turned politician turned activism author, Licata says the intersection of the two events and collaboration is important to ensuring that things like paid sick leave and a $15-an-hour minimum wage are realized.
“People at the People’s Convention and the politicians at Local Progress are literally the same people. A lot of the people at Local Progress were activists,” he says. “When someone gets elected to office, people who got the person elected to office think he or she will take care of the problems, and the person who gets elected thinks, ‘Oh, I have to act differently.’ But you have to continue organizing and use the power you get as an elected official to amplify your organizing.
“Government is a tool. It’s not an end-product. I think getting into office does give you more power, but you want to distribute that power so other people have access to power. The main ask of progressive politicians who want to build communities is to disperse the power that was given to them to as many people as possible.”
According to Pittsburgh Mayor Bill Peduto, who as city councilor joined Local Progress nearly a decade ago, the group can counterbalance those organizations that are trying to get conservative legislation passed.
“Certainly we’ve learned from other cities through these organizations,” says Peduto. “We hear a lot about ALEC [American Legislative Exchange Council] and how it is a network that is putting state legislatures into very conservative, Tea Party-type of policies, and it networks nationally. Well, this is the answer, and these organizations have become the network that helps progressive policies to work their way into implementation in city halls. And the fact that they chose Pittsburgh to do it shows that we are a part of that network and one of the areas that the rest of the country looks towards.”
Like Peduto, event organizer Popular Democracy hopes its network of activists and politicians will have the ability to shape the future of the country.
“It’s a really important moment politically because our nation is at a crossroads between the politics of hate and xenophobia and the politics of opportunity and interdependence,” says Popular Democracy’s Archila. “We are in the process of a presidential election where the issues that matter to the working-class community are really centrally positioned in the debate. How the solutions are advanced will depend on who is in motion. And we will have in Pittsburgh thousands of people who are in motion across the country and who are helping define the debate for what’s possible in their cities.”
By Rebecca Addison
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In replacing Dudley, NY Fed aims to avoid political pitfalls
In replacing Dudley, NY Fed aims to avoid political pitfalls
Unions and groups advocating for retirees, teachers, housing, and workers' benefits are among those visiting the ornate conference rooms of the Federal Reserve Bank of New York to lobby for a less...
Unions and groups advocating for retirees, teachers, housing, and workers' benefits are among those visiting the ornate conference rooms of the Federal Reserve Bank of New York to lobby for a less conventional candidate to serve as its next president.
New York Fed directors leading the search for a successor to chief William Dudley, seen as the second most influential policymaker at the U.S. central bank, invited the guests to last week's meeting to seek their advice. According to attendees and others familiar with the search, the directors are close to a "long list" of candidates and appear set to begin formal interviews within weeks.
Read the full article here.
Central Bankers’ Jackson Hole Gathering: a Cheat Sheet
Central Bankers’ Jackson Hole Gathering: a Cheat Sheet
For the fifth year in a row, the liberal Center for Popular Democracy’s Fed Up campaign is on hand for the Jackson Hole gathering. It organized a Thursday panel on slow wage growth and market...
For the fifth year in a row, the liberal Center for Popular Democracy’s Fed Up campaign is on hand for the Jackson Hole gathering. It organized a Thursday panel on slow wage growth and market concentration.
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Protest Planned at St. Louis Fed
St Louis Business Journal - March 4, 2015, by Angela Mueller - A group of activists is planning a series of demonstrations Thursday outside several Federal Reserve district banks, including in St...
St Louis Business Journal - March 4, 2015, by Angela Mueller - A group of activists is planning a series of demonstrations Thursday outside several Federal Reserve district banks, including in St. Louis.
The demonstrations are intended to highlight the rising unemployment rates among minorities and to urge officials not to raise interest rates, the Wall Street Journal reports.
"The Federal Reserve has the power - and responsibility - to foster stronger economic conditions that create opportunity for all communities," the Economic Policy Institute, the Washington, D.C.-based liberal think tank that is backing the demonstrations, said in a statement.
Demonstrations are planned for outside the regional Fed banks in New York, San Francisco, Kansas City, Philadelphia, Minneapolis, Charlotte, N.C., Dallas and St. Louis.
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6 days ago
6 days ago