Ciudades no sólo benefician a los inmigrantes con el ID municipal
Ciudades no sólo benefician a los inmigrantes con el ID municipal
Ocho años atrás, a raíz de ataques contra la comunidad local de inmigrantes y el fracaso de la legislatura estatal en expandir el acceso a licencias de conducir, la ciudad de New Haven creó el...
Ocho años atrás, a raíz de ataques contra la comunidad local de inmigrantes y el fracaso de la legislatura estatal en expandir el acceso a licencias de conducir, la ciudad de New Haven creó el primer programa municipal del país que otorga un documento de identificación.
Poco a poco, otras ciudades siguieron el ejemplo de New Haven y reconocieron los grandes beneficios que otorga una identificación municipal, no solo para los residentes que no pueden obtener acceso a otros tipos de identificación emitida por el gobierno, sino por el bien de la vida política y económica en general.
Al principio, la adopción de programas de identificación municipal fue un proceso lento, pero se ha acelerado significativamente en el año 2015, impulsada en gran parte por el lanzamiento de la identificación municipal de la ciudad de Nueva York. El IDNYC , aprobado por el Concejo Municipal el año pasado y estrenado a inicios de este año por el alcalde Bill de Blasio, es ahora el más extenso programa de identificación municipal en el país, con más de 350,000 inscritos.
Sin la correcta identificación, una persona tal vez no pueda abrir una cuenta bancaria o cobrar un cheque, recibir atención médica en un hospital, inscribir a su hijo en la escuela, solicitar beneficios públicos, presentar una queja ante el departamento de policía, sacar libros de la biblioteca, votar en las elecciones o siquiera recoger un paquete de la oficina de correos. Con una simple medida, la identificación municipal elimina todas esas barreras.
Si bien las comunidades inmigrantes han sido una fuerza influyente al solicitar que las ciudades adopten programas de identificación municipal, los beneficiarios no se limitarán a las comunidades de inmigrantes.
La identificación municipal es una medida política de gran impacto, precisamente por su potencial de adaptarse a un amplio espectro de situaciones de la vida real. Una docena de ciudades tienen programas nuevos, y hay campañas a su favor en otras tantas. Estos programas tienen el propósito de reducir la falta de acceso a servicios municipales para jóvenes, personas sin hogar, ancianos, ex convictos y personas trasgénero.
Las ciudades también se están dando cuenta de que, para que sus programas de identificación local tengan éxito, deben ser atractivos para todos, incluso residentes que ya tienen otras formas de identificación. El uso de estos documentos de identificación otorga beneficios en negocios e instituciones culturales locales. De esta manera, las ciudades atraen una amplia gama de participantes, lo que le da mayor legitimidad a dicho documento en la comunidad.
Mientras continúe la lucha por la reforma a nivel federal, la identificación municipal es algo que los gobiernos locales pueden hacer para incluir y empoderar a los inmigrantes en su comunidad.
Programas como estos envían un mensaje de inclusión y bienvenida no solo dentro de los linderos de la ciudad donde existen, sino también externamente, hacia el resto del país y Washington DC, donde millones de vidas están en la cuerda floja, pendientes de un debate paralizado.
Source: El Diario
Charter School Issues Discussed
WBGZ Radio - February 1, 2015, by Dave Dahl - Charter schools in Illinois are in the cross hairs of a new report alleging a lack of accountability leading to between $13 million and $27 million in...
WBGZ Radio - February 1, 2015, by Dave Dahl - Charter schools in Illinois are in the cross hairs of a new report alleging a lack of accountability leading to between $13 million and $27 million in fraud.
“At a time when (Chicago Public Schools are) crying broke, and public schools are grossly under-resourced, and there’s a public demand for transparency and accountability around every corner,” says Action Now executive director Katelyn Johnson, “it seems unconscionable that CPS and the state of Illinois would not invest in rigid financial oversight of charter schools.”
Johnson’s group is supporting the Center for Popular Democracy in the report, “Risking Public Money.”
Andrew Broy has a differing viewpoint. He’s the president of the Illinois Network of Charter Schools and dismisses the other two groups as union-funded and anti-charter to begin with.
“The question” about accountability, he says, “is if there are challenges with an internal governing board, how do we uncover that and make sure it’s taken care of, and the current law equips districts with all the tools they need to make sure that happens.”
Source
Why the Federal Reserve Needs To Go Beyond Interest Rate Policy
Why the Federal Reserve Needs To Go Beyond Interest Rate Policy
KIM BROWN, TRNN: Welcome to the Real News Network. Im Kim Brown in Baltimore.
Interests rates will remain unchanged. That coming out of this weeks meeting of the Federal Reserve in DC....
KIM BROWN, TRNN: Welcome to the Real News Network. Im Kim Brown in Baltimore.
Interests rates will remain unchanged. That coming out of this weeks meeting of the Federal Reserve in DC. The official word from the feds, per their own statement, was that job gains have been solid, that household spending has been growing strongly, and inflation is running below expectations. But does this mean that the economy is actually doing well or are we still in a recession dressed up to appear better than what it actually is?
Joining us today from New York City is Jerald Epstein. Jerald is the co-director of the Political Economy Research Institute. Hes also professor of economics at the University of Massachusetts at Amherst. Jerald welcome back.
JERALD EPSTEIN: Thanks a lot Kim.
BROWN: Jerald lets start with the basics and then we can delve a little bit deeper. If the economy is showing the signs of strength as the Fed has indicated, then why didnt they raise interest rates now and do you think that they are likely to do so at all this year?
EPSTEIN: Well I think Janet Yellen whos the chair of the Fed, is aware that even though its been showing strength and the economy has been growing moderately for several years now, that theres still much more room to go. That is that wage growth has gone up a tiny bit more than inflation recently, its still pretty stagnant, pretty flat line and she knows theres still a number of workers out that who are so discouraged that they havent joined the labor force. So Janet Yellen is concerned about the labor force and the growth of wages but the problem is twofold. First of all, its always dangerous to raise interest rates around election time. So traditionally the federal reserve, theyll try not to do that, move interest rates right around an election. So thats one factor leading them not to do anything.
The second factor leading them not to do anything is that keeping inflation under control is one of their main mandates. They have two. Maintaining inflation at a low rate and they have a 2% target, and reaching high employment. Inflation is still below 2%. Theres really no signs of inflation going up. So theres no compelling reason from the point of view of the macro economy to raise interest rates.
BROWN: Its funny that you mention that the Fed is less likely to raise interest rates or even mess with the interest rate around election time because the Republican nominee for president, Donald Trump has already accused Chairwoman Yellen of keeping the interest rates unchanged in order to appease the Obama administration. She of course has denied this. What are your thoughts?
EPSTEIN: Well I dont think she did it for Clinton or Obama. But it is I think a tradition and its common for Federal Reserves not to raise and certainly change interest rates right before an election. So she is in sort of a tradition of what the Federal Reserve typically does. And its also typical especially recently for politicians to make the Federal Reserve the whipping boy or girl for political reasons. Sometimes theres good reasons. For that.
But there was something kind of unusual for this meeting. In the recent meetings its been unanimous to keep interest rates the same or to mostly do what the Federal Reserve has done. But this time it was quite contentious. There were actually 3 people on the federal open market committee, the ones who make this decision who voted to raise interest rates.
This is kind of challenge to Janet Yellens leadership in this regard and it also shows what kind of pressure the Federal Reserve is under, particularly from the banks and the mutual fund industry, the insurance industry because with interest rates being so low, its very difficult for them to eek out much of a profit. And is typically the case when interest rates are very low for a very long period of time. Some sectors and very powerful important sectors of the financial industry push very hard for interest rates to be raised and they usually get a pretty good hearing at the Federal Reserve [be]cause the Federal Reserve has traditionally done pretty much what the banks have wanted them to do.
BROWN: Jerald it seems as if theres not enough agreement between the Federal Reserve and among every day Americans on how well this economic recovery is going. So lets unpack some of the elements of this. Starting with Chairwoman Janet Yellens comments on labor markets.
JANET YELLEN: Were generally pleased with the progress of the economy and the decision not to raise rates today and to wait for some further evidence that were continuing on this course is largely based on the judgement that were not seeing evidence that the economy is overheating and that we are seeing evidence that people are being drawn in in larger numbers than what I wouldve expected into the labor market and that thats healthy to continue.
BROWN: So the unemployment rate was under 5% in August and the caveat to that is more Americans are working part-time jobs. Plus, the gig economy is one way that people are surviving and supplementing their income. So is unemployment published monthly by the Bureau of Labor statistics, giving us an accurate figure on the number of Americans who are out of the labor force?
EPSTEIN: They dont have an accurate number. They have estimates and I think its true that theres still quite a few so called discouraged workers who are out of the labor force. Its also the case like we said in the beginning that wage growth has been stagnant. Look, the Federal Reserve has a real dilemma here. On the one hand and this is typically the case with Janet Yellen who I think does want to indicate that their policies have had some effect, otherwise nobody will want them to continue these policies. And she thinks that they have had some positive effect on employment and I think they have.
But on the other hand their policies cannot turn around the long run decline of our economy. We need much different kinds, much bigger, much more radical policies in terms of public investment to generate jobs, hiking the minimum wage to a living wage, providing much more in a way of a safety net for workers, protecting pensions and other investments. So the list is very, very broad and very deep. And the Federal Reserve has been pretty reluctant to go further down that list.
The Federal Reserve could do more. They could use different tools to invest directly in the economy. Theres a group called Fed Up which has proposed that they do this. But Janet Yellen and her committee want to stay pretty close to their broader toolkit that theyve developed and are really afraid to, I think take more radical action which they plausibly could take.
But in the end it really raises questions of the Federal Reserves legitimacy. Can they take some kind of really radical action without the broader government saying go ahead and do it? And until the political stalemate we have is resolved, Im afraid the Federal Reserve cant do much more and that means this kind of stagnation in wages and so forth is going to continue.
BROWN: Jerald you raise an excellent point about wage stagnation and how wages have largely remained flat going back 20, 30, and even 40 years depending on who you ask. But new census data this month says that household income jumped over 5% which is the largest such gain in decades but that top 1% of Americans saw an increase of around 7% rise in their income. If most of the economic recovery gained since the great recession of 2007, 2008--if most of these gains have gone to the top1%, does it still count as a recovery if its not being felt by the majority of Americans?
EPSTEIN: No it does and this has been a very lopsided so called recovery and yes there have been some modest gains for the middle class and some working class people. So the Federal Reserve actions have had some positive effect. But until you really change the structure, change the tax policies so that the wealthy have to pay more of their taxes so the multinational corporations cant park their earnings overseas and not pay any taxes like Apple and other corporations have been doing until you have much more aggressive jobs programs to bring about a Green transition and many other things. Were not going to have a real recovery. These kind of very small sorts of gains which are gains but arent enough are going to be the best were going to see.
BROWN: Jerald whats keeping inflation in check right now? Is it cheap oil prices?
EPSTEIN: Its several things. First of all, cheap oil prices and other commodity prices are one thing. But theyre also partially related to the headwinds in the global economy against economic growth. Chinas not growing as much so theyre not demanding as much oil and other commodities. Many other developing countries arent growing so fast. Europe isnt growing hardly at all.
So this really dampens the demand for all of these commodities and with these prices going down that does keep inflation in check. The other thing is, all of the forces that are keeping wages in check. That is, imports from China, the union busting thats been going on, the threat of multinational corporations to move abroad. All of these factors plus more are making it very difficult for workers to have their wages go up. Wages are a cost so that to some extent keep inflation in check as well.
And finally you have the retail industry thats subject to loss of competition that just keeps squeezing and squeezing and squeezing workers more and more. Until we get big increase in the minimum wage, until we get policies to put workers back to work at well-paying jobs, were not going to see real wages go up and were also not going to see prices go up very much at all.
BROWN: And lastly Jerald, the wealthiest Americans, the top 1% of Americans are fairing very well and we are experiencing income inequality probably at the largest gap since the Gilded Age. We have seen so many sickle economic bubble burst over the past 20 years with the tech bubble bursting in the late 90s and the housing bubble bursting in the mid 00s. Are we at risk of another such economic bubble burst on the horizon any time soon.
EPSTEIN: Yes, were always at that kind of risk. Its hard to see where exactly the bubble would come from. There are little bubblets going on all over the place that dont seem so broad and connected up with debt and the financial system that it seems as so were going to have a kind of bubble burst the way we saw in 2007, 2008 but we might have bubblets burst in the high tech industry and so forth. Whats more likely is this slow burn of stagnation and increases in distress effecting so many people in the United States except for the wealthy who will continue to do very well. Not only income inequality at all-time highs, wealth inequality, how much assets people own has grown and grow and grow and grown. If you look for example, if the net wealth, that is assets minus liabilities, minus debt of African Americans in this country. A report recently came out that said, the median net wealth of African Americans is zero. Theres no net wealth. So this system cannot continue to go in this form. It helps to explain a lot of the political disorder that were seeing. The political fighting up were seeing and its just going to keep going unless we have some fundamental changes in the economy.
BROWN: Indeed. Weve been speaking with Jerald Epstein. Jerald is a co-director of the Political Economy Research Institute. Hes also professor of economics at the University of Massachusetts at Amherst. Jerald as always, we appreciate you joining us here on the Real News.
EPSTEIN: Thank you very much Kim.
BROWN: And thank you for tuning in to the Real News Network.
End
DISCLAIMER: Please note that transcripts for The Real News Network are typed from a
recording of the program. TRNN cannot guarantee their complete accuracy.
Source
Want to combat inequality? Look to the Fed.
Want to combat inequality? Look to the Fed.
Undermining the central bank's responsibility to promote maximum employment would be a mistake.
...
Undermining the central bank's responsibility to promote maximum employment would be a mistake.
Read the full article here.
The Federal Reserve Leaves Key Interest Rate Unchanged Amid Slower Job Growth
The Federal Reserve Leaves Key Interest Rate Unchanged Amid Slower Job Growth
The Federal Reserve announced on Wednesday that it will keep its benchmark interest rate at current levels in response to lackluster job creation in recent months and other discouraging economic...
The Federal Reserve announced on Wednesday that it will keep its benchmark interest rate at current levels in response to lackluster job creation in recent months and other discouraging economic data.
The decision will shield American consumers from higher borrowing costs, but it also reflects the fragility and unpredictability of the current economic recovery, some seven years after the Great Recession officially ended.
The central bank’s Federal Open Market Committee is keeping the influential target federal funds rate — the Fed-set interest rate banks charge one another for overnight lending — at a range of 0.25 to 0.5 percent. Since the rate is a benchmark for lending throughout the economy, leaving it unchanged will likely prevent higher interest rates on mortgages, car loans and other household debts.
The Fed has a dual mandate to craft monetary policy that both maximizes employment and keeps inflation in check. The FOMC lowers the federal funds rate to accelerate job growth by reducing borrowing costs. It raises the rate to limit price inflation by slowing the pace of job growth.
The FOMC’s decision not to do the latter in June was widely expected. Fed officials signaled earlier this month that disappointing job creation had undermined the case for a rate hike. The economy created just 38,000 jobs in May, and new data show that the preceding two months produced fewer jobs than previously believed, according to the Bureau of Labor Statistics.
The central bank is also responding to tepid inflation. The price of consumer goods, excluding food and energy, rose 1.6 percent in the 12 months ending in April, according to the price index favored by the Fed — well below the Fed’s 2-percent target. And a University of Michigan survey revealed on Friday that U.S. households’ expectations of long-term inflation are lower than they have been at any point since the survey began collecting data in 1979.
In a press conference following the announcement, Federal Reserve Chairwoman Janet Yellen acknowledged the role that those developments played in the central bank’s decision, noting that “recent economic indicators have been mixed.”
Yellen also said that the prospect of a “Brexit,” or British exit from the European Union, was “one of the factors” that led the central bank to hold off on an interest rate hike. The United Kingdom will vote on the country’s membership in the EU on June 23.
If the U.K. chooses to leave the EU, which functions as a single market, it could ultimately have adverse effects on the U.S. economic outlook, Yellen suggested. A higher percentage of British voters supported Brexit than opposed it in a poll released on Monday.
The Fed last raised the federal funds rate by one-quarter of a percentage point in December, the first increase since the financial crisis. The rate had been at or near zero — 0 to 0.25 percent — since December 2008.
With the December interest rate increase, the Fed seemed to express confidence that the economic recovery had entered a new phase, indicating it was time to pivot to the work of preventing inflation. Yellen predicted that the move would be the first in a series of small interest rate hikes that would gradually raise rates to levels that are more historically normal.
Since then, however, disappointing economic data have repeatedly delayed the pace of those increases. Slower global demand reduced the availability of credit, and wage growth remained sluggish, prompting the Fed not to raise the federal funds rate in March.
Fed officials suggested in May that economic conditions would finally permit them to raise the rate again in June. But the May job creation data, released on June 3, rapidly dashed those plans.
The central bank’s next opportunity to announce a rate hike will be July 27, after a meeting of the FOMC.
Wednesday’s announcement will come as welcome news to many progressive economists and activists who have long argued that the job market has much more room to grow before inflation becomes a serious problem.
While the official unemployment rate is 4.7 percent, much of its recent decline is due to people dropping out of the workforce altogether. The labor force participation rate, which measures the percentage of people actively seeking work in addition to those who are working, is significantly lower than it was in 2000.
In fact, when you exclude workers 55 or older who may have retired voluntarily, labor force participation is lower now than it was at its worst point during the past two business cycles, according to an analysis by the Economic Policy Institute.
A job market where people continue to give up on finding work is part of the reason wage growth has failed to meet expectations, since employers still have little reason to compete for workers, progressive economists argue. Average hourly pay rose 2.5 percent in the 12-month period ending in May, not enough for a significant boost in most Americans’ paychecks.
The Fed Up campaign, a coalition of progressive groups that advocates for Fed policy that is favorable to workers and communities of color, cites figures like those when pleading with the Fed to hold off on raising rates. Fed Up has called on the Fed not to raise the benchmark interest rate until “the economic recovery reaches all communities,” said Jordan Haedtler, Fed Up campaign manager.
Progressives were overjoyed when presumptive Democratic presidential nominee Hillary Clinton expressed her sympathy with these concerns last month. The campaign said in a statement that as president, Clinton would appoint Fed officials who take seriously the central bank’s mandate to maximize employment, in addition to its duty to tamp down inflation.
Clinton stands to benefit politically from Wednesday’s announcement, since voters typically judge the candidate of the incumbent party for the economy’s performance. A rate increase would have squeezed economic demand, risking even slower job growth in the months ahead of the general election.
Donald Trump, the presumptive Republican presidential nominee, has expressed a wide variety of views about the Fed. He most recently suggested that he supports low interest rates, but that he plans to replace Yellen as Fed chair.
Yellen said Wednesday that the central bank will act based on economic data in the coming months, even if its actions are perceived as affecting the general election in November. “We are very focused on assessing the economic outlook and making changes that are appropriate without taking politics into account,” she said.
This piece has been updated with Yellen’s comments.
By Daniel Marans
Source
Ana Maria Archila On Confronting Jeff Flake
Ana Maria Archila On Confronting Jeff Flake
NPR's Lulu Garcia-Navarro talks with Ana Maria Archila of the Center for Popular Democracy about her widely-publicized confrontation with Sen. Jeff Flake of Arizona in a Capitol Hill elevator....
NPR's Lulu Garcia-Navarro talks with Ana Maria Archila of the Center for Popular Democracy about her widely-publicized confrontation with Sen. Jeff Flake of Arizona in a Capitol Hill elevator.
Listen to the interview here.
High Road Workweek Partnership Invites Employers to Adopt a Fair Workweek
High Road Workweek Partnership Invites Employers to Adopt a Fair Workweek
As more retailers declare nationwide reforms to their scheduling practices – from ending on-call scheduling to providing greater advance notice – there is increased industry interest in...
As more retailers declare nationwide reforms to their scheduling practices – from ending on-call scheduling to providing greater advance notice – there is increased industry interest in understanding the impact of difficult work schedules on employees. Leading-edge employers are also starting to quantify the down-stream effects of ever-changing work schedules and excessive reliance on part-time staff, including higher turnover, chronic absenteeism, lower productivity, and unsatisfactory customer service. Many industry leaders now recognize that predictable, stable and flexible work schedules are not just good for employees, but are essential to meeting operational, sales and growth objectives.
At the Next:Economy summit, the Center for Popular Democracy’s Fair Workweek Initiative will unveil the High Road Workweek Partnership, a groundbreaking approach to the future of work, which meaningfully incorporates employee voice and scheduling equity values into scheduling technologies and management practices.
Achieving a High Road Workweek involves three key components:
A Partnership of Core Stakeholders: With a 360 degree view from engaging diverse stakeholders, employers can assess the impact of their current scheduling practices and envision a sustainable workweek;
The High Road Workweek Pledge: Translates core business principles into specific scheduling practices that encompass: Predictability and Stability, Adequate Hours, and Employee Input and Flexibility, and Equal Opportunity and Mobility; and
Measurable Implementation and Assessment: Innovative scheduling technologies, guidance for managers, and clear metrics will facilitate implementation of the pledge, while ongoing feedback from employees and a research-based assessment will ensure that new policies deliver the intended outcomes.
The High Road Workweek Partnership delivers lasting scheduling solutions and provides a framework for employers who want to be strongly positioned in the global economy, leveraging the latest technologies and integrating corporate social responsibility into workforce management to create meaningful employment.
“Employers of our country’s hourly workforce are at a crossroads. The worrisome scheduling trends that have come to public attention are persistent and challenging issues that affect both workers and the longevity of a company’s success. Through a meaningful collaboration with employees, a commitment to core scheduling principles, and an innovative use of workforce management metrics, any business is capable of implementing a high road workweek,” says Carrie Gleason, Director of the Fair Workweek Initiative at the Center for Popular Democracy.
Professor Susan Lambert of the University of Chicago, a key architect in developing the framework for scheduling stability, says, “While this year marks tremendous progress in employers recognizing the costs that lean staffing and unpredictable scheduling has for both workers and business, employers will need to implement new metrics for their managers and find ways to incorporate more employee input to ensure these commitments to reform become consistent scheduling improvements. The High Road Workweek Partnership presents an innovative approach to helping employers implement measurable standards for fair work schedules across their operations.”
# # #
www.populardemocracy.org 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.
www.fairworkweek.org The Fair Workweek Initiative, anchored by the Center for Popular Democracy and CPD Action, is driving the growing momentum to restore a workweek that enables working families to thrive. We are committed to elevating the voices of working people to ensure they can shape the solutions that work for their families – whether through improved industry practices or new workplace protections.
Una cita con el jefe de la Reserva Federal de NY
Una coalición de trabajadores latinos afroamericanos se reunirá este viernes con una de las personas más poderosas del sector económicos.
No vamos a hablar con un congresista ni senador, ni...
Una coalición de trabajadores latinos afroamericanos se reunirá este viernes con una de las personas más poderosas del sector económicos.
No vamos a hablar con un congresista ni senador, ni tampoco con el presidente Obama. En vez, le contaremos nuestra historia a una persona de la que pocos han oído; alguien sumamente importante, que está a cargo de dictar política: William Dudley, presidente del Banco Federal de Reserva de Nueva York.
La Reserva Federal es un banco central de Estados Unidos que en este momento es la más importante entidad de política económica, pues el Congreso no ha aprobado leyes significativas para estimular la economía y sacarnos de esta recesión. Eso significa que la Reserva Federal está tomando las principales decisiones sobre la economía, algo que históricamente ha hecho sin participación alguna del público.
Pero la coalición Fed Up, que incluye al Centro para la Democracia Popular, New York Communities for Change y Make the Road New York, se dedica a cambiar eso, pues la Reserva debe escuchar a la gente como usted y yo.
A pesar de lo que sabemos sobre la economía –la vida que llevan nuestras familias y su lucha diaria– miembros de la Reserva Federal como William Dudley se rehúsan a ver la realidad.
Tratan de afirmar que la economía se ha recuperado. Quieren aumentar las tasas de interés y dejar de estimular la economía antes de que el resto de nosotros siquiera tenga la oportunidad de recuperarse. Es una pésima idea.
El desempleo todavía es más alto y los salarios todavía son más bajos que antes de la recesión. Además, los salarios de los trabajadores afroamericanos en general no han aumentado en los últimos 15 años.
Dudley y otros miembros muy poderosos de la Reserva Federal viven en una burbuja y tratan de hacer que aceptemos el decepcionante nivel de desempleo y subempleo actual como algo normal.
Pero aún pasamos dificultades: el desempleo entre los latinos en Nueva York es de 8.5%, y el desempleo entre afroamericanos es de 11%. Por más que las cosas vayan bien en Wall Street para los amigos de William Dudley en Goldman Sachs, no van bien en Jamaica, Mott Haven, Sunset Park ni Washington Heights.
William Dudley ha dicho que la decisión de aumentar las tasas de interés representará un cambio tan profundo que será un “cambio de régimen”. Una decisión de tal magnitud es demasiado importante como para dejarla en manos de los banqueros de Wall Street.
Los desempleados, los subempleados, quienes trabajan demasiado y los mal pagados representan la mayoría en la economía, y tenemos el derecho a voz y voto.
Nos reuniremos con Dudley porque las decisiones más trascendentales de la Reserva Federal –las principales decisiones para toda la economía en este momento– son cruciales. Es necesario escuchar también las voces de los trabajadores latinos y de afroamericanos.
Fed Should Study Higher Inflation Target, Liberal Economists Say
Fed Should Study Higher Inflation Target, Liberal Economists Say
A group of 22 progressive economists including Nobel Prize winner Joseph Stiglitz urged the Federal Reserve to appoint a blue-ribbon commission to consider raising its 2 percent inflation target...
A group of 22 progressive economists including Nobel Prize winner Joseph Stiglitz urged the Federal Reserve to appoint a blue-ribbon commission to consider raising its 2 percent inflation target.
In a letter to Chair Janet Yellen and the rest of the Fed board released on Friday, the economists argued that a higher objective would give the central bank more room to combat downturns in the economy without unduly hurting Americans’ living standards.
Read the full article here.
Father with ALS asks Sen. Jeff Flake on flight to oppose tax bill
Father with ALS asks Sen. Jeff Flake on flight to oppose tax bill
An activist who suffers from ALS protesting the GOP tax cuts confronted Sen. Jeff Flake (R-Ariz.) over his support for the controversial proposal and asked him to change his mind.
“Why not...
An activist who suffers from ALS protesting the GOP tax cuts confronted Sen. Jeff Flake (R-Ariz.) over his support for the controversial proposal and asked him to change his mind.
“Why not take your stand now?” Ady Barkan asked Flake as they waited for their Thursday night flight to depart Washington, D.C. “You can be an American hero. You really could — if the votes match the speech.”
Read the full article here.
2 days ago
2 days ago