CPD's Josie Duffy on Why NY Needs the Scaffold Law
NY1 - August 28, 2014 - CPD's Josie Duffy joins Liz Benjamin on NY1 to discuss why workers need the Scaffold Law.
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NY1 - August 28, 2014 - CPD's Josie Duffy joins Liz Benjamin on NY1 to discuss why workers need the Scaffold Law.
If Black Lives Really Matter, We Gotta Stop Hitting Repeat
If Black Lives Really Matter, We Gotta Stop Hitting Repeat
There’s a black man. Police confront him. Police kill him, and we watch the video. There’s an investigation, protests and calls for justice. A community grieves, and we all hit repeat.
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There’s a black man. Police confront him. Police kill him, and we watch the video. There’s an investigation, protests and calls for justice. A community grieves, and we all hit repeat.
Alton Sterling, repeat. Philando Castile, repeat. Michael Brown, Eric Garner, Walter Scott, Willie Tillman, David Joseph, repeat, repeat, repeat.
I’m tired, y’all. I’m effing tired. I’m tired of hearing about these families who have lost fathers and sons, listening to simple platitudes about thoughts and prayers, or the pretzel-like explanations for how it’s all the dead guy’s fault.
And then nothing changes.
I welled up watching Sterling’s 15-year-old son break down and wail “I want daddy” at a news conference. Sterling was killed Tuesday while selling CDs and DVDs outside a store in Baton Rouge, Louisiana. The police say they were responding to a report of an armed man.
The tears spilled down my cheeks as I watched the video of Castile’s girlfriend, Diamond “Lavish” Reynolds, begging, “Please officer don’t tell me that you just did this to him. You shot four bullets into him, sir.” Meanwhile, Castile is slumped over, bleeding and with his arm at a terrible angle. These killings have to stop.
After watching the video of Sterling, one of my black high school friends role-played with his sons, ages 8 and 12, on how to respond if they are ever confronted by a police officer. He even had them lie down and simulate being handcuffed. Another friend talked about how she hated that she was scared her husband, a hospital administrator, or her 16-year old son could someday be gunned down by a police officer.
This morning I told my husband, “I’m glad we now live in a country where I don’t have to worry about our sons getting killed by the police.” I love America, but damn, these killings and the muted effort to change is gut-wrenching.
It feels like the country that my ancestors helped to build with blood, sweat and tears, the place that I call home and miss terribly now that I live in Norway, just doesn’t care about me or those who look like me. Me and my brothers are all criminals, mere statistics or people waiting to become a statistic.
Fixing this epidemic feels like such an insidious behemoth, but we can’t keep going like this.
It’s easy to grow numb to the drumbeat of bodies piling in the streets from guns, drugs and other societal ills. Believe me, I get it. I’d rather scroll through the images of Paris’ fashion week than see Castile’s blood drench his plain white tee.
But I can’t. That would be just like hitting repeat.
What can I do?
First, I won’t pretend to have the answers, but through the magic of the interwebs you can find some very pertinent and well-researched information. One that I especially liked was a report from the Center for Popular Democracy and Policy Link. The two non-profit advocacy groups developed 15 possible solutions to curb police brutality. The ideas include increased police training and funding, treating drug addicts and the mentally ill instead of incarcerating them, and my personal favorite: Make the policy makers see their own racism.
Look, let’s be honest. We all have -isms, we’re not proud of them because we know it’s wrong to judge people based on looks, money or education, but it happens, and refusing to recognize the elephant in the room helps no one.
Check out the link to the report for how to push for such changes.
I care, but I don’t have any free time
We are all busy people. Work, school, kids, friends, life, and there are only 24 hours in a day. However, you make time for what you feel is important. Are you all caught up on what’s going on with Olivia Pope? Have you binge-watched “Orange Is The New Black” or something else on Netflix? How about my “Game of Thrones” people? Yeah, so it’s all a matter of priorities.
You gotta do what works for you, but please, don’t just sit there and hit repeat.
By MELANIE COFFEE
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How Laid-Off Toys R Us Workers Came Together To Fight Wall Street
How Laid-Off Toys R Us Workers Came Together To Fight Wall Street
The campaign took on the name Rise Up Retail, which is funded by the Organization United for Respect and the liberal advocacy group Center for Popular Democracy. Through Rise Up Retail, Garcia met...
The campaign took on the name Rise Up Retail, which is funded by the Organization United for Respect and the liberal advocacy group Center for Popular Democracy. Through Rise Up Retail, Garcia met fellow Toys R Us veterans agitating for severance pay, like Maryjane Williams.
Read the full article here.
Protesters Call on Harvard to Divest from Puerto Rican Debt
Protesters Call on Harvard to Divest from Puerto Rican Debt
“We know that Harvard is a large university with a big endowment, and it can set a tone for how higher education universities invest,” protest organizer Julio Lopez Varona said. “It could make...
“We know that Harvard is a large university with a big endowment, and it can set a tone for how higher education universities invest,” protest organizer Julio Lopez Varona said. “It could make investments that are moral and not hurt anybody.”
Read the full article here.
Ana María Archila and Héctor Figueroa on Immigration Reform
Cuatro panelistas explican los logros y obstáculos de las marchas pro-inmigrantes de primero de mayo que llevan ya casi una década. Visitan el programa Héctor Figueroa, presidente del sindicato...
Cuatro panelistas explican los logros y obstáculos de las marchas pro-inmigrantes de primero de mayo que llevan ya casi una década. Visitan el programa Héctor Figueroa, presidente del sindicato 32BJ, la abogada, directora de la Coalición del Norte de Manhattan por los Derechos de los Inmigrantes Ángela Fernández, el pastor luterano Fabián Arias de la iglesia Sión y Ana María Archila, co-directora ejecutiva del Centro por la Democracia Popular.
The Eugenicist Doctor and the Vast Fortune Behind Trump’s Immigration Regime
The Eugenicist Doctor and the Vast Fortune Behind Trump’s Immigration Regime
Since the 2016 election, according to a report from the Center for Popular Democracy, Wall Street behemoths JPMorgan Chase & Co., Wells Fargo, and BlackRock have all increased their shares in...
Since the 2016 election, according to a report from the Center for Popular Democracy, Wall Street behemoths JPMorgan Chase & Co., Wells Fargo, and BlackRock have all increased their shares in the nation’s two largest prison companies, CoreCivic and GEO Group, financing the growth of a $5 billion industry with gargantuan loans: the two companies are now carrying a total of $1.94 billion and $1.18 billion in debt, respectively.
Read the full article here.
Shutting Down the School-to-Prison Pipeline
Shutting Down the School-to-Prison Pipeline
Working at The Center for Popular Democracy (CPD), Kate has partnered with youth-led organizations on various policy initiatives and community organizing campaigns, and has represented young...
Working at The Center for Popular Democracy (CPD), Kate has partnered with youth-led organizations on various policy initiatives and community organizing campaigns, and has represented young people facing school suspensions. At Proskauer, she has conducted trainings and served as a mentor and supervisor, enabling our lawyers to make a real difference in school suspension hearings. Even when a suspension cannot be avoided, an attorney may be able to help reduce its duration or secure other benefits, such as help for a learning disability, or a transfer to a school that is better-suited to the student.
Read the full article here.
New Zealand says tweak to c.bank mandate fits within "global zeitgeist"
New Zealand says tweak to c.bank mandate fits within "global zeitgeist"
New Zealand's decision to change its central bank's inflation-targeting mandate, which has served as a model for the rest of the world, partly reflects a global shift on the role of monetary...
New Zealand's decision to change its central bank's inflation-targeting mandate, which has served as a model for the rest of the world, partly reflects a global shift on the role of monetary policy since the 2008-09 financial crisis, according to Finance Minister Grant Robertson.
Read the full article here.
Jamie Dimon Steps in It
Jamie Dimon Steps in It
Jamie Dimon picked one hell of a week to lean in to Donald Trump.
On Tuesday, the day after the Washington Post revealed the president had shared highly classified information with Russian...
Jamie Dimon picked one hell of a week to lean in to Donald Trump.
On Tuesday, the day after the Washington Post revealed the president had shared highly classified information with Russian diplomats and a week after he fired James Comey, the veteran CEO of JPMorgan Chase told investors at the bank’s annual shareholder meeting that he wouldn’t step down from his perch on Trump’s Strategic and Policy Forum, an advisory council of powerful American executives. “He is the president of the United States. I believe he is the pilot flying our airplane,” Dimon said. “I would try to help any president of the United States, because I’m a patriot.” Dimon surely wishes he’d said something different. Only hours later came the news that according to a memo by Comey, Trump had asked the FBI director to end his agency’s inquiry into former Trump National Security Adviser Michael Flynn—a revelation that has brought Trump’s presidency to its lowest, most tumultuous point yet.
Read the full article here.
Central Bankers to Confront Stock-Market Turmoil at Fed’s Annual Jackson Hole Retreat
Gathering at the mountain getaway in recent Augusts, the stewards of global currency have contended with the looming collapse of Lehman Brothers in 2008, global deflation worries in 2010, serial...
Gathering at the mountain getaway in recent Augusts, the stewards of global currency have contended with the looming collapse of Lehman Brothers in 2008, global deflation worries in 2010, serial Greek fiscal meltdowns and other dramas. This time, they confront a big disparity between the world’s two largest economies, the U.S. and China.
The U.S. has recovered enough from the last financial crisis that Fed officials have been preparing to raise interest rates to prevent overheating down the road. But China appears to have lost economic momentum, driving the People’s Bank of China to cut rates and take other measures to boost growth. Markets have responded to these conflicting forces with turbulence, creating new uncertainties for policy makers about the economic outlook.
Before this week’s turmoil, Fed officials had signaled they might move as soon as next month to start lifting their benchmark interest rate from near zero, where it has been since December 2008. It was shaping up to be a tough decision even before the stock-market corrections around the globe. Now, the odds of a rate increase in September appear to have diminished, though a move is still possible if markets stabilize and new economic data show the U.S. economy is strengthening despite threats abroad.
New reports on Tuesday showed increases in U.S. consumer confidence and new home sales in August and July, respectively, reasons for Fed officials not to become too glum about the U.S. outlook.
“Prior to these market events in the last few days, I thought that this was about as close to a 50/50 call as you can get,” said former Fed Vice Chairman Alan Blinder of the odds that the central bank would raise U.S. rates in September. If markets don’t stabilize, he said, the Fed would likely hold off on a rate increase.
“If the markets are in anything close to the sort of tizzy they have been in the last few days, then the Fed will not throw a match into the fire” when it meets September 16-17, said Mr. Blinder, a Princeton University professor and friend of Fed Chairwoman Janet Yellen.
Ms. Yellen will not be attending this year’s Jackson Hole conference, but Vice Chairman Stanley Fischer is scheduled to deliver remarks there Saturday on inflation. European Central Bank President Mario Draghi won’t be there, but the ECB and many of the world’s other central banks will be represented by senior officials. The meeting has included top central bankers from Turkey, Malta, Sweden, South Korea and beyond in the past.
It is a fraught moment for all of the world’s central banks. China’s repeated efforts to stimulate growth don’t seem to be working. China’s central bank cut interest rates by a quarter percentage point on Tuesday and its stock market fell.
Many other economies are trapped in the middle of a global monetary tug of war between the two economic giants, especially emerging markets and commodity-producing countries. Their economies have been hit by China’s slowdown. At the same time, their currencies have been declining against the dollar as the Fed prepares for higher rates. If central banks in places such as Brazil, South Africa or Russia try to stimulate their economies by cutting interest rates, they risk capital flight and potentially destabilizing currency depreciation. If they don’t, they risk deep recessions.
One potential fault line that Fed officials are watching carefully: Heavy loads of U.S. dollar debt accumulated by local companies in emerging markets. Total corporate bonds outstanding in emerging markets have almost doubled since 2008 to $6.8 trillion, according to Institute of International Finance estimates. The share of this debt issued in U.S. dollars rose from less than 15% in 2008 to more than 40% in the first five months of 2015.
Those debts become harder to pay off as the dollar appreciates. It is up more than 7% against a broad basket of other currencies so far this year.
The central banks also face skepticism about the paths they are charting. “Our global economy is fixated on central banks and the latest utterance of the monetary authorities,” said Judy Shelton,senior fellow of the Atlas Network, a free-market think tank participating in a parallel conference critical of the Fed this week, also in Wyoming. The title of her panel, “What Happens if Central Bankers are Wrong?”
Central banks for the major developed economies, including the Fed, responded to the post-financial crisis period of slow economic growth and low inflation by pushing short-term interest rates to near zero and launching bond-buying programs to drive long-term interest rates down, too.
Many central bankers say the economy would have been in much worse shape, possibly a repeat of the Great Depression, without the support. Critics like Ms. Shelton say the policies failed to produce the higher inflation or faster growth desired.
As the Fed considers when to start raising rates, officials are getting pressure from several sides. While many free-market advocates would like the central bank to move, liberal activists plan to press the Fed this week to hold rates near zero to promote economic growth and more hiring.
“The economy is too weak to warrant interest-rate hikes,” said Shawn Sebastian, policy analyst at the Center for Popular Democracy, a left-leaning group, in a statement on Tuesday.
Academics don’t provide clear direction. In competing newspaper opinion pieces this week, Harvard professors Martin Feldstein andLawrence Summers, who have served as economic advisers to Republicans and Democrats, respectively, argued for and against a Fed rate increase in September.
From the maelstrom, Fed officials are trying to respond to the unfolding economic outlook.
Atlanta Fed President Dennis Lockhart on Monday said he still expects the central bank to raise rates this year, but he didn’t say when. That marked a subtle shift since Aug. 4, when he told The Wall Street Journal he believed the economy was ready for a rate increasein September.
Current developments like “the appreciation of the dollar, the devaluation of the Chinese currency and the further decline of oil prices are complicating factors in predicting the pace of growth,” Mr. Lockhart said Monday. But, he noted, “our baseline forecast at the Atlanta Fed is for moderate growth with continuing employment gains and a gradually rising rate of inflation.”
Source: The Wall Street Journal
8 days ago
8 days ago