Brooklyn city councilman posts job ad seeking staffer to defend against 'Trump regime'
Brooklyn city councilman posts job ad seeking staffer to defend against 'Trump regime'
Brooklyn City Councilman Brad Lander is advertising for a communications director who, in addition to fulfilling the standard checklist of duties, can also help the Democrat “resist the injustice...
Brooklyn City Councilman Brad Lander is advertising for a communications director who, in addition to fulfilling the standard checklist of duties, can also help the Democrat “resist the injustice, hatred, and corruption posed by the Trump regime.”
In an unusual listing that has been posted to several job boards, including Idealist, Lander is looking for a staffer to see beyond New York City, and to keep an eye on the actions of President-elect Donald Trump.
The ideal candidate should be able to implement Lander's communications and media program while also defending against what the councilman calls the threat "to American democratic values and vulnerable constituencies." The goal, according to the ad, is to help "build a more just, inclusive, and sustainable NYC.”
A minimum of three to four years of communications experience — ideally in New York City — is required for the job, as is a sense of humor, according to the listing. The job includes a “competitive salary,” which was not specified but reported to be in the range of $61,000 to $67,000 a year, according to the New York Daily News.
Lander, an outspoken councilmember who was once arrested for blocking traffic to support striking car washers in Park Slope, is co-founder of the Council’s progressive caucus. He is also incoming board chairman of Local Progress, a nationwide network of self-described progressive local officials.
By Alexi Friedman
Source
New Report: Raise Chicago
Raise Chicago
Increase the wellbeing of workers, their neighborhoods, and Chicago’s economy
A Report by the Center for Popular Democracy and Raise Chicago
...
A Report by the Center for Popular Democracy and Raise Chicago
Click here to download the report.
Introduction
The recession appears to be safely in the rearview mirror for corporations, whose profits and stock prices have rebounded. However, the jobs recovery has been fueled by the proliferation of jobs paying low wages. An earlier study by Action Now and Stand Up! Chicago found that low-wage jobs made up 21% of all jobs lost during the Great Recession, while constituting 58% of jobs created during the recovery.[i]
This trend has exacerbated already increasing wealth and income inequalities in the US[ii] and Chicago. In 2012, Chicago had the 8th highest level of inequality by some measures.[iii] Economists suggest that too much inequality may threaten not only economic growth but economic stability as well, in part because inequality slows consumption for most people.[iv]
On March 18, 2014 Chicago voters voted overwhelmingly – by 86% – to support a referendum raise the minimum wage to $15 for Chicago workers at firms with $50 million in annual receipts and their subsidiaries and franchisees. This initiative allows Chicago to enable workers to get a toehold on the rockface to the middle class, rather than wait on state and federal government action. It offers the opportunity for the city to stimulate and strengthen its economy in the near term. It promises to enable individuals to invest more deeply in themselves, their families, and their communities.
In this paper, we find that the targeted $15 minimum wage will:
Increase wages: $1,472 million in new gross wages Stimulate Chicago’s economy: $616 million in new economic activity and 5,350 new jobs Increase city revenues: Almost $45 million in new sales tax revenues Decrease labor turnover: as much as 80% less annual turnover Modestly increase consumer prices: 2% price hikes at covered firms and franchisesIn accordance with the principles of a well-tuned, consumer-driven local economy, this proposed measure would enable Chicago’s economy to perform better while increasing opportunity and wellbeing for more of the city’s low-wage residents.
Download the full report here.
[i] Action Now and Stand Up! Chicago, “A Case for $15: A Low Wage Work Crisis,” 2012.
[ii] Associated Press, “Top 1% Took Record Share of US Income Last Year,” 2013.
[iii] Alan Berube, “All Cities Are Not Created Unequal,” 2014.
[iv] Jonathan Rauch, “Inequality and Its Perils,” National Journal, 2012.
This report, uploaded on 5/30/14, contains a small correction from an earlier version.
The Growing Realization That Our Individual Struggles Are All Connected Makes This “Our Moment”
...
AlterNet - December 7, 2013, by Kevin Zeese & Margaret Flowers - The above photograph from the NYC Light Brigade came at the end of an incredible day of action on December 5 when fast food workers in 100 cities walked off their jobs and joined with supporters in their communities to protest poverty wages. The photo proclaims “ALL OF US” with people holding signs that identify different members of the community; and proclaims “THIS IS OUR MOMENT.”
The solidarity at the fast food worker protests on December 5 echoed the solidarity seen on December 3 when people throughout the United States and around the globe protested toxic trade agreements especially the World Trade Organization (WTO) and Trans-Pacific Partnership (TPP). And, that “ALL OF US” solidarity was seen last Friday, November 29 when workers walked out at 1,500 Walmarts with widespread community support at their rallies.
We are moving toward becoming a movement of movements that cannot be ignored because more people are coming to the realization that our individual struggles are all connected to a larger struggle and that we have more strength when we act together rather than alone. As the unity shown in that photograph becomes a reality, we will succeed in creating the kind of solidarity that will make this era “OUR MOMENT.”
Lessons From Nelson Mandela
South Africa is mourning the death of Nelson Mandela. His vision for South Africa was of a rainbow – uniting all people, no one race white or black dominating others. The liberation he sought was not only ending the racist and abusive apartheid system but also ending an economic system which allowed the white minority to profit while the black majority was impoverished. He believed in human rights and democracy, questioned capitalism and was a socialist. His vision of a country without poverty, with adequate housing for all and equal opportunity has not yet been realized. But he saw the whole and today the country is united around his legacy.
Mandela said, “The most vital task facing the democratic movement in this country is to unleash such struggles and to develop them on the basis of the concrete and immediate demands of the people from area to area. Only in this way can we build a powerful mass movement which is the only guarantee of ultimate victory in the struggle for democratic reforms.” In other words, Mandela saw the need to build a movement of movements connected in purpose but organized around the immediate needs and demands of various communities.
Such a united movement is growing in the United States and around the world as people organize around the issues that affect them directly but recognize they are working toward a common goal of ending the rule of money and putting the needs of the people and protection of the planet first. In Wisconsin, Occupy Community Organizing has been reaching out to work across issues at the local level and they are now sharing what they’ve learned with people in other communities.
Recent reports expose that a growing number of people are struggling due to a rigged economy and austerity spending which further fuels the movement. Philadelphia and other cities are hurting from school closures. Pensions are under attack in Detroit which a court ruled was bankrupt this week; pensions of public workers are also threatened in Illinois. And while our public institutions are being dismantled, our public dollars are subsidizing CEO profits. A report by the University of California at Berkeley’s Labor Center finds that poverty wages of bank tellers require $900 million in public assistance, while a report from the Institute for Policy Studies found the same for low wage fast food workers. We all pay for this unjust business model.
Extreme methods of energy extraction such as the tar sands, mountaintop removal and fracking have also spurred a larger and more aggressive movement to stop them. This past week, students from the University of Chicago protested fracking at a public hearing. New blockades and occupations have sprung up and the Elsipogtog and Mi’kmaq in New Brunswick continue to try to protect their land from drilling.
According to leaked Stratfor documents, the energy industry’s worst nightmare is coming true because of the actions that environmentalists are willing to take to nonviolently protect the land, air and water. In fact, one oil CEO revealed that the Department of Homeland Security is now placing community members who oppose fracking on the terrorist watch list, revealing their fear of mobilized people.
The Urgent Need For Unity To Stop Transnational Corporate Power
In addition to fighting back in communities, people across movements are connecting their struggles and working together on specific campaigns. This was demonstrated best over this past week in the Global Day of Action against Toxic Trade Agreements on December 3 which coincided with the first day of the World Trade Organization (WTO) meetings in Bali, Indonesia. Hundreds of civil society members gathered in Bali to protest provisions in the WTO package that jeopardize food and climate security as well as including other threats to human rights and wellbeing.
There were colorful actions outside of the meetings in Renon Square and creative surprise actions on the inside such as this flash mob by women leaders from the Philippines for climate justice. Indian farmers, laborers and their allies alsoprotested inside as they monitored whether their representatives would compromise the needs of the people. They reminded WTO members that “aggressively upholding the rights of its citizens is not tantamount to collapsing the ministerial talks. On the contrary, such pressure tactics [of the negotiators] must be exposed as a conspiracy to keep people hungry and poor.”
Civil society groups from around the world held their own Global Peoples Tribunalin which testimonies of those affected by the WTO’s policies were heard. The Tribunal issued its findings which concluded with this statement: “We recognize that the struggle of resistance goes hand in hand with the construction of alternatives of an economy for the people and the planet, with initiatives such as the indigenous knowledge systems, seed banks, food sovereignty, and a new paradigm for trade and investment, as well as a new juridical system that will deliver justice.”
Likewise, civil society groups in North America joined the Global Day of Action on Dec. 3 with actions in 35 cities focused on stopping the Trans-Pacific Partnership (TPP). And thousands of farmers in Japan protested the TPP during Vice President Joe Biden’s visit to Japan. In Washington, DC, we joined local activists to deliver thousands of petition signatures to US Assistant Trade Representative Stan McCoy at his office to tell him to stop bullying negotiators from other countries into accepting harmful provisions. McCoy who is in charge of intellectual property rights has been pushing policies that would deny lifesaving health care to many around the world in order to prop-up pharmaceutical profits as well as policies to restrict Internet freedom. He refused to meet with us.
Due to our persistence, we did meet with Jewel James, the public liaison, and told her of our serious concerns, especially the reality that many will die due to lack of access to necessary health care if the patent protections for medications and other treatments are passed as currently written. We told Ms. James that we wanted Stan McCoy to know he is being watched. She told us “He is well-aware that he is being watched.” He only knows because the movement has exposed his actions. We hope that the knowledge that the TPP is literally trading away lives for corporate profits will motivate a brave person in the Office of the U.S. Trade Representative to release the text of the TPP.
Analysis of text that has been leaked to date finds that the language being pushed by the United States on intellectual property rights violates international norms. Last month, more than 80 law professors and academics sent a letter to President Obama and Congress criticizing the secrecy with which the TPP is being negotiated and calling for the text to be released to the public and for a new negotiation process that is more inclusive and democratic.
This weekend, TPP negotiators are meeting in Singapore in an attempt to complete the agreement. And pressure is being put on Congress to give the President Fast Track Trade Promotion Authority to sign the TPP into law himself. This would prevent a transparent and democratic process in Congress and a full review of the potential impacts of the TPP. Members of Congress are pushing back against this executive power grab, including more than three-quarters of Democrats in the House. Labor unions released a statement to let the TPP negotiators know that opposition to the TPP is broad and deep in the United States.
Frustration is building among corporate trade advocates like Senator Max Baucus (D-MT) and Rep. David Camp (R-MI). They know they must pass Fast Track Trade Promotion Authority to serve the transnational corporate interests, without Fast Track these rigged trade agreements will never become law. A few days ago Baucus and Camp leaked to the press that they were almost there, even started rumors they were introducing a Fast Track bill for a quick vote. But, then the push back from the people and opposition in Congress responded and they pulled back. They are pushing hard so we need to push back, now is the time to act –we have an opportunity to put a nail in the coffin of Fast Track and the TPP. Act now, here’s how.
Lessons from the Success of the Battle of Seattle
Since the mass protests in Seattle in 1999, the WTO has not been able to move forward with its agenda and it looks like the current meeting did not accomplish much. The TPP and its European sister, TAFTA which began negotiations in July, are thought to be attempts to advance the WTO agenda through another path. As we go to press, news reports that the WTO reached a scaled down deal have come out. While much will be made of this by corporate trade advocates, it looks like a minimalist deal that still may never come to real fruition. If this is the best they can do since their founding in 1995, it is evident that we are nearing the cusp of a new age of trade as this approach is not working. The opportunity is rising for us to push away from corporate-dominated rigged trade that allows transnational corporations to exploit people and the planet with impunity to an era that is transparent, inclusive and democratic and that puts the needs of people and the planet before profits.
This week was also the 14th anniversary of the Battle of Seattle, David Solnit wrote about the “Lessons for Today” from that success. He interviewed Paul deArmand, a researcher and activist; and a giant who passed away this year. This article brought up many important points for a movement of movements to succeed, but first he highlighted one we should not forget “the unexpected political power of ad-hoc, even accidental, coalitions.” Seattle was a success because it brought people together across issues in a focused effort to stop the WTO. Let’s not forget the success of working together. He also points out that “Movements grow by expansion and recruitment” and that after Seattle there was too much looking inward, contracting, not expanding (we agree this was true until recent years).
Another lesson of Seattle was the value of networks, rather than institutions. Networks confuse the opposition: “Networks operate by ‘swarming’ their opponents, approaching stealthily and from many directions in offense . . . leaving opponents unclear about what is occurring and how to respond.” Networks have multiple centers of power “all moving toward a shared general goal.” The energy for the network comes from sharing information; the goal is to grow the network, not just one node of it. Further, by spreading our values widely, we make some in the power structure question themselves and their values thereby weakening the pillars that hold the status quo in place.
Making ALL OF US Real
When we make the “ALL OF US” photo on the top of this article a reality, and become an inclusive movement that spreads its values widely, communicating not just with each other but more broadly, we will unite our base and create a foundation to build a mass movement on and grow to a point that cannot be ignored. A mobilized mass movement can erase the artificial political limitations of today and change the political culture of the nation. When that happens, things that seem impossible to change, like apartheid in South Africa, become remnants of history.
The immediate priority of stopping Fast Track for the TPP, TAFTA and other corporate trade rigging, is an opportunity for us to act in unity. It is an “ALL OF US” moment. The rigged trade of the TPP is stalling and united we can stop it.Find out what you can do here.
Let’s take advantage of the opportunity to stop this transnational corporate power grab – let’s swarm them, come from many directions and confuse them. Let us move from our multiple centers of power toward the common goal of building the power of the people. We have a common goal, together we can achieve it; and then we can build from that success as we will have shown that this is indeed, OUR MOMENT for transformation.
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Neel Kashkari Named Next Minneapolis Fed President
Neel Kashkari, a former financier who managed the U.S. Treasury’s $700 billion rescue of banks in the 2008 crisis, was named the next president of the Federal Reserve Bank of Minneapolis.
...Neel Kashkari, a former financier who managed the U.S. Treasury’s $700 billion rescue of banks in the 2008 crisis, was named the next president of the Federal Reserve Bank of Minneapolis.
Kashkari’s resume includes stops at Goldman Sachs Group Inc. and Pacific Investment Management Co., and a failed run for governor of California last year. At the Treasury, he was Secretary Henry Paulson’s key aide in overseeing the Troubled Asset Relief Program, or TARP. Kashkari will take over from Narayana Kocherlakota on January 1, 2016, according to a statement Tuesday from the Minneapolis Fed.
“He has a little bit of all the pieces you’d want in a Fed president,” said Stephen Stanley, chief economist at Amherst Pierpont Securities LLC in Stamford, Connecticut.
As head of one of 12 regional Fed banks, Kashkari will join the Federal Open Market Committee, the central bank’s policy making panel. The Fed is weighing ending a seven-year era of near-zero interest rates, with investors betting it will move next month. Kashkari is not scheduled to vote on policy decisions until 2017. Kocherlakota, as is customary for outgoing FOMC members, will not attend the December meeting.
QE ‘Morphine’
Kocherlakota is one of the Fed’s most dovish policy makers who has argued it should keep rates on hold into next year. Kashkari has offered observations on monetary policy via his twitter feed, without spelling out whether he would favor raising rates or delaying liftoff in the current climate. In an April 2013 comment he likened the Bank of Japan’s asset purchase program to “morphine. makes u feel better but doesn’t cure.”
“I don’t think we know that much” about Kashkari’s views on monetary policy, said Angel Ubide, a senior fellow at the Peterson Institute for International Economics in Washington. “My experience with people who get appointed is whatever they thought before and what they do later doesn’t necessarily correlate.”
Kashkari, 42, earned bachelor’s and master’s degrees in mechanical engineering at the University of Illinois at Urbana-Champaign, and an MBA from the University of Pennsylvania’s Wharton School. He began his career as an aerospace engineer at TRW Inc. in Redondo Beach, California.
Goldman Sachs
Kashkari’s appointment places another ex-Goldman Sachs banker at the helm of a regional Fed bank. Robert Steven Kaplan at the Dallas Fed and New York’s William C. Dudley are Goldman alums. Philadelphia Fed chief Patrick Harker previously served as a trustee at Goldman Sachs Trust and as a member of the board of managers of Goldman Sachs Hedge Fund Partners Registered Fund.
“We’re disappointed that yet another former Goldman Sachs insider has been elevated to a regional president position,” said Jordan Haedtler at the Center for Popular Democracy in Washington.
Such appointments need “more transparency and public input,” said Haedtler, who’s deputy campaign manager at Fed Up, a national coalition that’s calling for changes at the central bank and wants to keep rates low to boost employment.
Kashkari worked at Goldman in the early 2000s before accepting a post at the Treasury in 2006. He joined Pimco, then led by bond fund manager Bill Gross, in 2009 to help oversee an expansion into equities, an attempt to reduce the firm’s heavy dependence on the fixed-income market. When he left in 2013, the company’s equity unit had attracted $10 billion in assets, or less than 1 percent of the firm’s total assets at the time.
Bank Bailout
TARP, approved by Congress in October 2008, remains one of the more controversial measures taken during the financial crisis. It authorized the government to purchase up to $700 billion in troubled assets from financial institutions, in an effort to bolster global credit markets. The government ultimately used $475 billion, including $250 billion to stabilize banks, $82 billion to bail out auto makers and $70 billion to save insurer American International Group Inc., according to the Treasury’s website.
“Mr. Kashkari is an influential leader whose combined experience in the public and private sectors makes him the ideal candidate to head the Minneapolis Fed,” said MayKao Hang, incoming chair of the Minneapolis Fed’s board of directors and co-chair of the search committee.
Kashkari, a Republican, was defeated by incumbent California Governor Jerry Brown in November 2014, getting 43 percent of the vote to Brown’s 57 percent.
Presidents of the 12 regional Fed banks are appointed by a portion of their respective boards of directors, subject to the approval of the Fed Board in Washington. Reserve bank boards typically consist of nine members, including three bankers. The banking members are excluded under Dodd-Frank from participating in the selection of presidents.
Source: Bloomberg Business
Death Cab for Cutie Disses Donald Trump in New Song 'Million Dollar Loan'
Death Cab for Cutie Disses Donald Trump in New Song 'Million Dollar Loan'
It's the first installment in a 30-day series of anti-Trump songs, from artists including R.E.M., Aimee Mann and Jim James.
One of Donald Trump’s many claims from the 2016 campaign trail...
It's the first installment in a 30-day series of anti-Trump songs, from artists including R.E.M., Aimee Mann and Jim James.
One of Donald Trump’s many claims from the 2016 campaign trail that got fact checkers scurrying to their records was that he’d built his massive empire off a small loan from his father. As it turns out, Fred Trump loaned his son nearly a million dollars to help him build New York’s Grand Hyatt hotel in 1978 -- the move that put the younger Trump on the map. In a brand new song to kick off a multi-faceted anti-Trump initiative, Death Cab For Cutie has made the Republican candidate's dubious claim its target.
It’s called “Million Dollar Loan,” and it's the first installment of a Dave Eggers-headed series called 30 Days, 30 Songs. Every day through Election Day 2016, an artist will share a previously-unreleased song geared towards ensuring Trump never sniffs the White House. From Death Cab, we get the lyric video for "Million Dollar Loan," produced by Simian Design. It’s actually a soothingly catchy song, as strong as anything off their 2015 album Kintsugi. It doesn’t sound outwardly bitter, but their point is clear:
“You reap what you sow / From a million dollar loan / Call your father on the phone / And get that million dollar loan.”
With gentle acoustics and percussive clatter behind them, Ben Gibbard’s vocals lament one-percenter excess in much the same way they’ve previously pined for lost loves.
30 Days, 30 Songs will also include submissions from Aimee Mann, Thao Nguyen, clipping., My Morning Jacket’s Jim James, Bhi Bhiman and a previously unreleased live recording from the still-broken-up R.E.M. All proceeds will go towards the Center for Popular Democracy (CDP), particularly its efforts to register all American citizens to vote.
Find Gibbard's statement on "Million Dollar Loan" below:
Lyrically, “Million Dollar Loan” deals with a particularly tone deaf moment in Donald Trump’s ascent to the Republican nomination. While campaigning in New Hampshire last year, he attempted to cast himself as a self-made man by claiming he built his fortune with just a “small loan of a million dollars” from his father. Not only has this statement been proven to be wildly untrue, he was so flippant about it. It truly disgusted me. Donald Trump has repeatedly demonstrated that he is unworthy of the honor and responsibility of being President of the United States of America, and in no way, shape or form represents what this country truly stands for. He is beneath us.
By Chris Payne
Source
Why are former Toys R Us workers planning to protest CalSTRS’ investments of private equity?
Why are former Toys R Us workers planning to protest CalSTRS’ investments of private equity?
Supporting the workers are Rise Up Retail, the Center for Popular Democracy and the Organization United for Respect.
Supporting the workers are Rise Up Retail, the Center for Popular Democracy and the Organization United for Respect.
Read the full article here.
Pagaría el Gobierno de NY abogados a ilegales en juicios de deportación
Vanguardia – July 19, 2013 - Nueva York planea pagar abogados de oficio a los migrantes que se encuentren en una corte de migración y enfrenten la deportación.
Algunos migrantes con o sin...
Vanguardia – July 19, 2013 - Nueva York planea pagar abogados de oficio a los migrantes que se encuentren en una corte de migración y enfrenten la deportación.
Algunos migrantes con o sin papeles en la ciudad que enfrenten la expulsión de EU podrán a partir de finales de este año o 2014 presentarse frente al juez de migración con un abogado de oficio pagado con fondos municipales, reduciendo así sus posibilidades de ser deportados porque ya no estarán solos en la corte.
Activistas, un Magistrado federal y funcionarios locales planean anunciar el viernes que la ciudad ha destinado 500 mil dólares a financiar un programa piloto que ofrecerá representación legal a migrantes.
Brittny Saunders, de la organización Center for Popular Democracy, dijo que esta es la primera vez que un programa así se implementa en una municipalidad de EU.
“La intención que tenemos a través de este programa piloto es lograr información sobre los beneficios que la representación legal supone tanto para un individuo en detención y enfrentando la deportación como para su familia, su comunidad y la ciudad entera’’, dijo Saunders.
“Esperamos que este programa sea un modelo para otras comunidades alrededor del país’’.
Migrantes que acaban en las cortes de migración y que enfrentaban la deportación no tienen derecho a ser defendidos por un abogado de oficio. Pueden contratar a un abogado privado pero muchos migrantes no tienen el dinero para pagar por ese servicio. Es por ese motivo que la ciudad, varios activistas y un juez federal interesado en el tema llamado Robert Kaztmann han unido esfuerzos para ofrecer ayuda a migrantes en esta situación.
Saunders dijo que en el Estado de Nueva York una media de 2 mil 800 migrantes se encuentra anualmente en proceso de deportación sin acceso a asistencia legal.
Source
Mpls. Fed chief, activists talk about economic gap
Mpls. Fed chief, activists talk about economic gap
The president of the Federal Reserve Bank of Minneapolis met with activists and northside residents Wednesday over racial and economic disparities.
Neel Kashkari talked with leaders from...
The president of the Federal Reserve Bank of Minneapolis met with activists and northside residents Wednesday over racial and economic disparities.
Neel Kashkari talked with leaders from Neighborhoods Organizing for Change for an hour — an unusual meeting of a banking insider and a group known for street demonstrations and putting political pressure on the powers that be.
"A big part of my job is to get out and understand first hand what is happening, what are the challenges," said Kashkari who has served on the central bank system since January.
In that time, the former head of the federal government's bank bailout program in 2008 has drawn attention for his warning that failure of some big banks could lead to another financial crisis.
Kashkari said that the Fed's monetary policy can have an effect on unemployment, interest rates and inflation, but he said Congress' fiscal policy will also be key in addressing racial disparities.
Anthony Newby, executive director of Neighborhoods Organizing for Change, said they talked about the high unemployment rate among African-Americans.
"Now we can spend more time collaborating, doing a deeper dive and figure out what are the structural barriers and then what can the Fed do to bridge that gap," Newby said. "That's a big deal and big starting point."
Newby added he was pleased to have someone in Kashkari's position listening to real people struggling to make ends meet.
Kashkari agreed to meet with them again.
By PETER COX
Source
Trump Picks Monetary Expert for No. 2 Job at Federal Reserve
Trump Picks Monetary Expert for No. 2 Job at Federal Reserve
President Trump continued a sweeping remake of the Federal Reserve’s leadership on Monday by nominating Richard Clarida, a Treasury official in the administration of President George W. Bush, for...
President Trump continued a sweeping remake of the Federal Reserve’s leadership on Monday by nominating Richard Clarida, a Treasury official in the administration of President George W. Bush, for the Fed’s second-ranking job.
Read the full article here.
Richmond Fed Names McKinsey's Thomas Barkin as Its President
Richmond Fed Names McKinsey's Thomas Barkin as Its President
Directors at the Federal Reserve Bank of Richmond confirmed Monday they had chosen Thomas Barkin, a senior executive at global consulting firm McKinsey & Co., as the institution’s next...
Directors at the Federal Reserve Bank of Richmond confirmed Monday they had chosen Thomas Barkin, a senior executive at global consulting firm McKinsey & Co., as the institution’s next president.
“We are fortunate to have found an extremely well-qualified individual to serve the Federal Reserve’s Fifth District and the American people,” Margaret Lewis, chair of the Richmond board of directors, said in a statement.
Read the full article here.
2 months ago
2 months ago