Campaign News

The week of October 14 was a busy one for economic reports. It was also a busy week for the talking heads inside the Federal Reserve. Note that the most recent speeches this past week, even after having only three of 10 votes in September for a hike, still show a bias for the Fed to raise rates.

With the November Federal Open Market Committee meeting scheduled just days ahead of the election, the odds makers (the federal funds futures) are now focusing on a December rate hikes — but not quite 100% of a chance, at least ahead of Friday’s Janet Yellen speech.

Fed Chair Yellen gave the luncheon keynote address at the Boston Fed’s 60th Economic Conference. This was titled “The Elusive Recovery,” which may not sound hawkish at all. Still, she did not directly address interest rate hikes in her speech. But Yellen did say that the Federal Reserve may need to run a “high-pressure economy” to reverse damage from the 2008 to 2009 crisis that depressed output. In short, Yellen fears that our economic potential is slipping, and it may require aggressive steps to rebuild economic growth.

Eric Rosengren, president of the Boston Federal Reserve, said on Friday that the odds of a rate hike were very high in December. His view is that unemployment has fallen faster than expected and he is not worried about inflationary dangers.

Also on Friday, Loretta Mester, president of the Cleveland Fed, participated in a round table discussion with the Common Good Ohio (in Cleveland), which is affiliated with the Center for Popular Democracy’s Fed Up Campaign. Mester has been on the record in recent weeks as saying that the jobs market and inflation are enough to justify a rate hike.

Federal Reserve Bank of Philadelphia President Patrick Harker said on Thursday that the uncertainty stemming from the U.S. presidential election might be an argument for delaying a rate increase, at least until after the November ballot. Hint: December.

Neel Kashkari, president of the Minneapolis Fed, has tried to remain on the sidelines for vocalizing rate hike talk outside of what Yellen says. Still, on Thursday he talked about more sluggish growth and maintained that the Fed and other agencies need a remedy for the “too big to fail” banks.

William Dudley, president of the Federal Reserve of New York, sounded a tad more dovish. His take is that the Fed can be gentle with gradual rate hikes. He also pointed out that the Fed is not political when making interest rate decisions.

Esther George, head of the Kansas City Fed, did not address the economy nor rate hike views when speaking on Wednesday. Still, she did talk about the need for better bank cybersecurity and security of payments. George is considered one of the more hawkish Fed presidents.

Chicago Fed President Charles Evans was deemed as being noncommittal on Monday when he spoke. Still, he was signaling a December hike: “December could be an appropriate time to do it, but I don’t see any urgency either.” That was in a CNBC interview.

Vice Chairman Stanley Fischer spoke on October 9 and spoke about gross domestic product somehow recovering to 2.75% for the second half of 2016, a higher view than average. Fischer has been more hawkish of late and said that September’s decision was a close call. He said that he expects inflation to rise and that gradual rate hikes would be sufficient to get to Fed back to a neutral stance.

By Jon C. Ogg          

Source

New York Times - June 26, 2014, by Kirk Semple - A long-sought initiative that would provide municipal identification cards to all New Yorkers, including those without legal immigration status, has been finalized, and will come before the City Council for a vote this week, officials said.

Undocumented immigrants could use the cards as proof of residence, and to check out library books, sign leases and open bank accounts, among other benefits.

The Council is expected to consider the item on Thursday, the same day it is slated to earmark $4.9 million to provide a lawyer for every poor, foreign-born New Yorker who has been detained by immigration authorities and is facing deportation, officials said. The initiative would make New York the first jurisdiction in the nation with a fully covered public defender system to assist detained, indigent immigrants in deportation proceedings.

Taken together, the measures, which officials said were expected to pass, would further cement New York’s reputation as one of the most accommodating places in the world for immigrants.

“The city is sending a strong message to its residents that we have your back,” City Councilman Carlos Menchaca, who has championed both initiatives, said in an interview on Tuesday. “These are clear messages, indicators, commitments that we mean we’re serious about how we take care of our immigrants and, really, all New Yorkers.”

With the passage of the municipal identification bill, a pledge made by Mayor Bill de Blasio, New York would join several other cities that have already introduced similar measures, including Los Angeles, New Haven and San Francisco.

The terms of the bill were hammered out in meetings involving City Council members, the mayor’s office and city agencies, including, perhaps most important, the New York Police Department. Proponents of the initiative wanted to ensure that the police would recognize the cards as acceptable forms of identification during police stops and for other law-enforcement matters.

At the crux of those negotiations was the effort to balance the demand for privacy against the need to protect against fraud, Mr. Menchaca said. Under the arrangement, the city will keep application documents on file for two years, but the police will be required to secure a judicial warrant to look at the files, the councilman said.

City officials still need to work out the bureaucratic mechanics of the program but plan to start issuing the cards by the start of 2015.

The public defender initiative, which is included in the city’s proposed budget, would be an expansion of a publicly funded pilot program started last year that inspired the admiration and envy of immigrants’ advocates across the country.

The plan, called the New York Immigrant Family Unity Project, seeks to help correct a woeful lack of qualified representation in immigration court. In contrast to the nation’s criminal courts, defendants in immigration court have no constitutional right to a court-appointed lawyer.

The initiative would provide legal representation to 1,380 detained, indigent New Yorkers facing deportation at the immigration courts on Varick Street in Manhattan as well as in Newark and Elizabeth, N.J.

The program “marks a sea change in the quality and quantity of justice that will be afforded to New York City’s immigrants,” said Peter L. Markowitz, a Cardozo School of Law professor who has helped lead the initiative.

Mr. Menchaca said he expected the program to inspire other municipalities and states to start similar initiatives.

“We are the first doing this kind of work at this kind of level, and it’s really going to send a ripple effect across the country,” he said.

Source

On Friday, activists with the country’s growing racial justice movement unveiled a new campaign to end police violence, bridging protester demands with data and policy to create structural solutions to the crisis that has gripped national attention for more than a year.

Launched as an online manifesto with an interactive website, Campaign Zero proposes new federal, state, and local laws that would address police violence and reform the criminal justice system—including demilitarizing law enforcement, increasing community oversight, limiting use-of-force, and requiring independent investigation and prosecution of police violence cases.

“More than one thousand people are killed by police every year in America,” the group states on its website. “Nearly sixty percent of victims did not have a gun or were involved in activities that should not require police intervention such as harmless ‘quality of life’ behaviors or mental health crises.”

The action plan also incorporates recommendations by the President’s Task Force on 21st Century Policing as well as those of research organizations like the Center for Popular Democracy. The architects behind Campaign Zero characterized it as a project that will continue to develop over time as new solutions emerge and more supporters come on board.

The four creators of the new campaign and authors of the manifesto—Samuel Sinyangwe, Brittany Packnett, Johnetta Elzie, and DeRay McKesson—are co-founders of We The Protesters, which as the Guardian notes is “a prominent section of a wider protest movement that is frequently referred to, in general terms, as Black Lives Matter.”

“This is just the beginning,” they wrote in a statement accompanying the launch.

In the year that has passed since 18-year-old Michael Brown was shot to death by an officer in Ferguson, Missouri, police have killed at least 1,083 Americans—an average of nearly three people per day, according to figures compiled by VICE News. Even that figure, released August 9, quickly became outdated.

The policy recommendations also call for an end the controversial practice of “broken windows” policing—a tactic that involves cracking down on petty infractions as a means to prevent more serious crime. The chokehold death of Eric Garner, who was targeted by police for allegedly selling loose cigarettes, heightened criticism of the policy, which Columbia law professor Patricia J. Williams said “has intimidated, dispossessed and humiliated millions of innocent people” for two decades.

Campaign Zero launches just as new reports highlight the lack of training and culture of aggression that permeates law enforcement agencies throughout the country. Addressing that issue in another policy demand, Campaign Zero states, “An intensive training regime is needed to help police officers learn the behaviors and skills to interact appropriately with communities.”

The group points to the recent successful overhaul of policing tactics in Richmond, California, a city which reduced its crime rate by 33 percent through community policing.

“We must end police violence so we can live and feel safe in this country,” Campaign Zero states.

Campaign Zero also introduces strategies for charting presidential candidates’ policy positions on such issues. Racial justice activists have recently engaged with the campaigns of candidates including Hillary Clinton, Bernie Sanders, Martin O’Malley, and Jeb Bush to demand action plans on addressing police brutality and criminal justice reform.

“Right now, the country is awake,” organizers stated. “We must continue to leverage this awakening for substantive change. We have an opportunity to change the way that issues in blackness are prioritized in political spaces and an opportunity to redefine how the political process interacts with our communities.”

“America is finally waking up to this very necessary and critical conversation about race, equity, and preserving the life and dignity of all citizens,” Packnett told the Guardian on Friday.

Added McKesson, “This is a blueprint for ending police violence.”

This Common Dreams article is reposted under a Creative Commons Attribution-Share Alike 3.0 License

Source: San Diego Free Press

In a video posted to Twitter Thursday night, Arizona Senator Jeff Flake appears on an airplane discussing the controversial tax reform bill and explaining why he won't force an ultimatum on a program for immigrant youth.

Watch the video and read the full article here.