Activists to Protest at Regional Feds Ahead of Jobs Data
Wall Street Journal - March 3, 2015, by Pedro Nicolaci da Costa - A network of liberal activists is planning a series of small demonstrations outside of several Federal Reserve...
Wall Street Journal - March 3, 2015, by Pedro Nicolaci da Costa - A network of liberal activists is planning a series of small demonstrations outside of several Federal Reserve district banks Thursday, intending to highlight elevated unemployment among minority communities and urging officials not to raise interest rates any time soon.
Fed officials have indicated they plan to lift their benchmark short-term interest rate from near zero, where it has been since late 2008, sometime this year if the economy continues to strengthen as expected.
The activists say the nation’s 5.7% jobless rate understates the underlying weakness of the labor market, pointing to high long-term and black unemployment as symptoms of an economy that is still ailing. The unemployment rate for blacks was 10.3% in January.
“The Federal Reserve has the power–and responsibility–to foster stronger economic conditions that create opportunity for all communities,” the Economic Policy Institute, a liberal Washington think tank backing the demonstrations, said in a statement.
The activists are planning actions outside the regional Fed banks of New York, San Francisco, Kansas City, Philadelphia, Minneapolis, St. Louis, Charlotte, N.C. (home to a branch of the Richmond Fed) and Dallas.
The Labor Department releases its February employment report on Friday.
Becky Moeller, president of the Texas AFL-CIO, said she and other community leaders have been frustrated by what they see as an opaque process for selecting the next Dallas Fed president. The current chief, Richard Fisher, is set to step down March 19.
Ms. Moeller said instead of getting a meeting with members of the Dallas Fed’s board of directors, which is in charge of the search, she and her delegation met with the bank’s general counsel in a session she described as not very helpful.
“This has been a comedy of pass the buck,” she said. “We don’t have a candidate—we’re just trying to talk processes.”
The Dallas Fed said it had recently met with the following groups regarding the search for a new bank president: Texas AFL-CIO, Texas Organizing Project, Jobs With Justice, Fort Worth Building Trades and Ironworkers, Workers Defense Project, Communication Workers of America, Dallas Central Labor Council, Harris County Central Labor Council and American Federation of Teachers.
“We had a productive conversation with representatives from these groups,” said James Hoard, a spokesman for the Dallas Fed. “We were interested in hearing their views on the selection of a new Dallas Fed president, and hope we were able to provide useful information to them, as well.”
The Center for Popular Democracy and the Fed Up Coalition, the umbrella groups coordinating the protests, expressed dismay at the lack of transparency in the selection of Patrick Harker as the new Philadelphia Fed President.
“Despite repeated requests from community, consumer, labor and academic organizations and public officials within the region, the Philadelphia Fed refused to create any mechanisms for engagement with the public,” said Kendra Brooks of Action United in Philadelphia.
“Instead, the process was entirely opaque: nobody outside of the Federal Reserve knew who the candidates were or what the criteria were for selection. This process did a disservice to the Federal Reserve System and the people of the Philadelphia region.”
The Philadelphia Fed said in response: “Several of our staff members did meet with members from Action United to hear their concerns. The Philadelphia Fed also provided them the opportunity to provide names of potential candidates to our executive search firm.”
The same group of activists showed up at the Kansas City Fed’s annual Jackson Hole symposium last summer and held a meeting with Janet Yellen at the Fed in November.
Last week, Ms. Yellen met with a group of conservative activists who argued the Fed’s low-rate policies were hurting rather than boosting employment.
The Great Recession has brought increased political scrutiny on the Fed, with prominent Republican and Democratic politicians calling for various changes in the central bank’s governance.
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City Bar Statement Praising New York City Council’s Efforts to Fund Immigration Public Defender System, and Urging Nationwide Action
New York City Bar - July 19, 2013 - The New York City Bar Association applauds the New York City Council for allocating $500,000 for the “nation’s first public defender system for immigrants...
New York City Bar - July 19, 2013 - The New York City Bar Association applauds the New York City Council for allocating $500,000 for the “nation’s first public defender system for immigrants facing deportation,” as the New York Times described it. The Council’s effort is a model for what Congress should enact nationwide, to support justice, economic fairness and efficient administration of the courts.
The City Bar salutes the City Council’s commitment to fund lawyers for New York’s low-income immigrants through the New York Immigrant Family Unity Project. Research by a study group convened by Second Circuit Judge Robert Katzmann has demonstrated the inability of immigrant detainees to represent themselves, with only three percent of them achieving success in their cases without counsel. Lenni Benson, the chair of the City Bar’s Immigration and Nationality Committee, and Lynn Kelly, the Executive Director of the City Bar Justice Center, are participants in Judge Katzmann’s efforts.
Congress should build upon New York’s model and provide appointed counsel to indigent non-citizens in immigration proceedings nationwide. In its position letter and in continued meetings with Congressional members and staff, the City Bar, through its Immigration & Nationality Committee, has emphasized that a right to counsel advances fundamental American values of fairness and due process. As the letter stated, “There is no citizenship test for counsel in America.” The familiar words “You have the right to an attorney. If you cannot afford an attorney, one will be provided for you” do not include “only if you are a citizen.”
City Bar President Carey R. Dunne said, “When you consider that Congress, with bipartisan support, has granted a right to counsel to sex offenders and Al Qaeda suspects in detention hearings, and that 76 percent of Americans support a right to counsel for immigrants facing deportation, it’s hard to see why appointed counsel is still denied to non-citizen residents facing detention and deportation.”
Counsel also provides economic and social benefits that outweigh its costs. Appointing counsel in these cases pays for itself by reducing costly detention, increasing court efficiency, and reducing societal costs due to the splitting up of families and the resulting abandonment of children. “Increasing access to justice by funding legal services for the City’s poorest residents actually benefits the entire City’s economy,” said Dunne. The City Bar’s 2013 Policy Recommendations for New York City’s Next Mayor sets out these benefits in more detail, and the City Bar’s Immigration & Nationality Law Committee is currently preparing a report to more specifically articulate these benefits in the immigration context.
The City Bar’s efforts to expand the right to counsel in immigration proceedings follows its decades of advocacy to provide lawyers to those unable to adequately represent themselves when liberty and basic needs are at stake. In 1959, the City Bar’s groundbreaking report Equal Justice for the Accused advocated appointed counsel for criminal defendants as reflecting society’s interest in “fundamental human rights,” and provided support for the U.S. Supreme Court’s 1963’s Gideon v. Wainwright decision. In 2006, the City Bar co-sponsored the American Bar Association’s resolution supporting a right to appointed counsel in civil proceedings. In 2009, the City Bar’s Immigration & Nationality Committee released a report arguing for a right to appointed counsel for detainees in immigration removal proceedings.
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Extraordinary organizing effort to assist undocumented immigrants impacted by the #FlintWaterCrisis needs YOUR help
Art Reyes III is Director of Training and Leadership Development at Center for Popular Democracy. He along with the Genesee County Hispanic Latino Collaborative and a powerful group of organizers...
Art Reyes III is Director of Training and Leadership Development at Center for Popular Democracy. He along with the Genesee County Hispanic Latino Collaborative and a powerful group of organizers from around the country are working in Flint to be sure undocumented immigrants in Flint are getting the help they need in the midst of the water crisis there. The need is real. Many undocumented people are not getting the information they need and still more are too afraid of being detained to go to water distribution sites. It’s a legitimate fear as the U.S. Department of Immigration and Customs Enforcement (ICE) is reported to detaining people in grocery stores and other areas around Flint:
Juani Olivares, says there are roughly a thousand undocumented immigrants in Flint – and many have spent years hiding from authorities to avoid deportation.
“Water was being delivered,” she says, “and they (immigrants) were not opening the door. Because that is the one rule. Do not open the door.”
Let’s face it, undocumented immigrants aren’t paranoid: The government really does want to get them.
Juani Oliveras works with the Genesee County Hispanic/Latino Collaborative. She says rumors are flying about sporadic raids at grocery stores.
“That’s another reason why people are not getting the water,” she says.
What’s worse is that many of these folks are still boiling water before drinking it because that’s what they have been told to do in the past when e. colicontaminated the city’s drinking water. In the case of lead contamination, however, it’s exactly the WRONG thing to do because it concentrates the lead even further.
This past Wednesday, Reyes and other organizers held a training for lead canvassers in Flint, setting the stage for what they hope will become regular daily canvasses until the water issue is resolved.
I spoke with Reyes after the organizing meeting to get a better understanding of what they are hoping to accomplish. He told me that there is currently no infrastructure in place to do what needs to be done in the undocumented community so they are literally building it as they go. He told me that there are an estimated 1,000 undocumented people in Flint. The goals of his group are fourfold:
First, they want to educate people about the water situation to ensure they know what precautions to take and what things to avoid (like boiling the water.)
Second, they want to make sure people are getting the water, water filters, and other necessary items that they need to stay healthy. The state has already been neglected this marginalized population and the poisoning of Flint’s drinking water is making things much, much worse.
Third, they are collecting stories from people. Unless the stories of those who are impacted are lifted up and heard, there will be nothing to stop this from happening again.
Fourth, they are trying to create a database of undocumented immigrants so that they can continue to work with them as needed until the crisis is over. This one is very difficult. The idea of getting into any database is, of course, the greatest fear of people here without documentation.
Finally, they are working to build a database of partners and volunteers who can help them with their effort.
How can you help? There are several ways. First, you can donate money. The Genesee County Hispanic Latino Collaborative has set up a fundraising page HERE.
Second, you can volunteer your time and resources to the effort. This will be an ongoing project and they will need assistance for the foreseeable future. Spanish-speaking volunteers are in particularly high demand. They also need things like storage and organizing spaces, trainers, printing, and all of the things that go along with a long-term effort like this. Click HERE to volunteer.
Third, you can donate water.
Finally, educate yourself about the issue. A good starting point is this essay by Art Reyes titled, “I Grew Up in Flint. Here’s Why Governor Snyder Must Resign. “.
One of the groups assisting with this effort is a small non-governmental agency (NGO) called Crossing Water. The group is headed up by social worker Michael Hood who has brought together around 150 social workers from around the country along with several hundred other volunteers and donors. They have already put up several billboards around Flint in both English and Spanish letting people know not to boil the water. They have plans for more billboards, including trailer mounted billboards that they can drive around Flint. They are also using donations to pay for public service announcements on television and radio. They’ve created videos on how to properly install and use water filters and teaching new parents not to use tap water to mix with baby formula. They have recruited plumbers to help replace lead-containing plumbing. This single group is making a huge difference.
Please do what you can to help with this important outreach effort. There are literally lives on the line, including the lives of babies and children.
Source: Eclecta Blog
Lacker to Tell Congress the Fed Doesn’t Need an Overhaul
Lacker to Tell Congress the Fed Doesn’t Need an Overhaul
Federal Reserve Bank of Richmond President Jeffrey Lacker is set to tell a congressional panel Wednesday the U.S. central bank’s structure is effective, and that he is reluctant to see it altered...
Federal Reserve Bank of Richmond President Jeffrey Lacker is set to tell a congressional panel Wednesday the U.S. central bank’s structure is effective, and that he is reluctant to see it altered in any major way.
In an interview with The Wall Street Journal, Mr. Lacker said the U.S. central bank—with its Washington-based board of governors and 12 quasiprivate, quasigovernmental regional banks across the country—“works well.”
The Federal Reserve, created more than a century ago, might seem like “an archaic structure, but the choices and trade-offs they were facing then are still relevant choices and trade-offs now. Our federated structure reflected a desire to ensure that the diversity of views were reflected in monetary policy,” he said.
Mr. Lacker spoke to the Journal on Thursday in his office overlooking the James River, ahead of speech in which he argued the Fed was increasingly likely to face trouble if it doesn’t raise short-term interest rates soon.
The veteran central banker—he is the longest-serving regional Fed bank president—and Kansas City Fed President Esther George are scheduled to testify Wednesday before the House Committee on Financial Services’ Monetary Policy and Trade subcommittee. They will discuss the structure of their banks and “how it relates to the conduct of monetary policy and economic performance.”
The Fed in recent years has faced critics from the right and left who would like to change the way the central bank operates. Some Republican lawmakers, for example, want to give Congress more scrutiny over the Fed’s interest-rate-setting policy actions via formal government audits, something central bankers have long argued would make policy-making more political and ultimately less effective.
Some left-leaning activists and Democrats, including the campaign of presidential nominee Hillary Clinton, have called for bankers to be removed from the boards overseeing the regional Fed banks.
Members of the Center for Popular Democracy’s Fed Up campaign, working with a former top Fed staffer, have gone further. They have called for the regional Fed banks, which are technically owned by private banks via nonvoting shares, to be moved fully into government. The group also has sought a more open process to select bank presidents, and to take stock of their performance once they are on the job.
“I completely understand the heightened attention the Fed has gotten” in light of the dramatic actions it took over the course of the financial crisis and its aftermath, Mr. Lacker said. “We’re America’s central bank. And I think it’s a discussion worth having.”
Some of the criticism of the Fed owes to misunderstandings, Mr. Lacker said. But he added, “I’d agree we could do a better job of explaining our governance.”
By and large, Mr. Lacker said the current setup has proved to be the best in terms of setting policy and achieving the independence most economists believe is critical for effective central banking, a view shared by other regional Fed bank chiefs.
He said the regional banks, part-private and part-public organizations, are afforded independence to provide views protected from political interference. Turning the regional Fed banks into fully governmental institutions would compromise that and relieve the board of governors of a vital counterweight, Mr. Lacker said.
“Preserving that diversity of views, preserving the independence of the reserve bank president’s role in monetary policy, is an exceptionally high value,” he said.
Mr. Lacker also said the regional Fed banks’ boards of directors, drawn from a mix of local business and community leaders, as well as bankers, provide insight into local economic developments. These directors also offer operational insight to the central bank, a large service provider to financial institutions on a variety of fronts, he said.
The U.S. central bank, which is a major financial industry regulator, has long faced criticism because bankers serve on the boards of directors of the regional Fed banks. Critics say it is a conflict of interest because it allows banks to oversee their supervisor. Fed officials reject this view, saying that its regulatory activities, while carried out largely by the regional banks, are directed out of Washington.
“I think we all appreciate the—you know, I think [former Treasury Secretary and New York Fed President] Tim Geithner called it the optics issue, or optics problem” of the ownership structure and board composition, Mr. Lacker said. “As a practical matter, it’s not an issue.”
Mr. Lacker said that private bank ownership of the regional Fed banks isn’t like corporate ownership because the banks’ shares don’t have voting rights. He also said the regional boards have “a classic American governance role” and he rejected the idea that there would be any conflicts of interest faced by the board members.
Mr. Lacker said he welcomes meeting with Fed critics.
Many are activists “trying very hard to do what they can to improve lives. And you know, you can’t help but come away from conversations like that with a deep appreciation of the struggles and challenges that many of our—you know, many people in our country face,” Mr. Lacker said. He added, “I commend them for their interest in us and the willingness to engage in conversation with us.”
By Michael S. Derby
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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.
Pittsburgh officers on high alert for downtown equality march
Pittsburgh officers on high alert for downtown equality march
Community organizers have been planning the 2016 People’s March downtown for several weeks, but recent shootings in Louisiana, Minnesota and Texas have upped safety concerns for the gathering,...
Community organizers have been planning the 2016 People’s March downtown for several weeks, but recent shootings in Louisiana, Minnesota and Texas have upped safety concerns for the gathering, meant to protest inequality and injustice.
More than 100 people have RSVP’d on Facebook to the “Still we Rise People’s March,” hosted by One Pittsburgh, a coalition of community organizers and activists. The march will begin outside the David L. Lawrence Convention Center at 2:30 p.m. on Friday at the same time as the People’s Convention inside the center.
In preparation for the march, the Pittsburgh Department of Public Safety released a statement Friday saying officers will “exercise extreme caution.”
The statement came amidst nationwide tension following the shooting of unarmed black men in several cities across the U.S. and sniper fire in Dallas, Texas Thursday night that left five police officers dead and several wounded.
“The Pittsburgh Bureau of Police is committed to keeping people safe during this afternoon’s planned [march],” the statement said. “There will be a visible presence of uniformed officers along with a not so visible presence of plain clothes officers.”
The statement also said the Public Safety Department is “in communication” with the FBI.
Organizers for the People’s March say it is a response to toxic messages from political candidates.
“We will march to rise up against Trumpism and the right’s politics of hate.” the description on the Facebook page for the march reads. “We will march to demand and win the radically different vision for the country that our families and communities deserve — the people’s vision.”
By Alexa Bakalarski
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Can these Cities Block Texas’s Vile Anti-Immigrant Agenda?
Can these Cities Block Texas’s Vile Anti-Immigrant Agenda?
Raul Reyes is the 34-year-old mayor of El Cenizo, Texas, a sweltering border town of 3,200 that sits beside the Rio Grande, where nearly all the residents are Latino, many are immigrants, and...
Raul Reyes is the 34-year-old mayor of El Cenizo, Texas, a sweltering border town of 3,200 that sits beside the Rio Grande, where nearly all the residents are Latino, many are immigrants, and quite a few are undocumented too. It’s a sanctuary of sorts, a town that, since 1999, has had a policy prohibiting local police officers from asking about someone’s immigration status. It’s the town where Reyes was born and raised and a town whose residents he cares for fiercely.
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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Amazon Not Happy with Seattle’s New Compromise Head Tax
Amazon Not Happy with Seattle’s New Compromise Head Tax
An open letter May 14 to the city of Seattle from about 55 elected leaders—some from cities on Amazon’s short list for HQ2—rebuked Amazon for its tactics and its opposition to the tax proposal. “...
An open letter May 14 to the city of Seattle from about 55 elected leaders—some from cities on Amazon’s short list for HQ2—rebuked Amazon for its tactics and its opposition to the tax proposal. “We urge you to remain steadfast in your commitment to this effort to reduce homelessness and the persistent inequities faced by all of our cities,” the leaders wrote to their Seattle colleagues.
Read the full article here.
Is There Enough Anti-Trump Outrage To Spook These Nine Companies?
Activists are targeting corporations they claim support President Trump's agenda with new #BackersOfHate campaign...
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Activists are targeting corporations they claim support President Trump's agenda with new #BackersOfHate campaign...
Read full article here.
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