Campaign News

04.12.2016

Annapolis, MD – A voting rights coalition recognized the Maryland General Assembly for passing the Freedom to Vote Act, legislation that will ease the path to voting while cutting red tape for Maryland citizens. The coalition includes partners such as Demos, the Center for Popular Democracy, Maryland Working Families, Casa de Maryland and Maryland Communities United.

“Demos recognizes the Maryland General Assembly for continuing to push forward common‑sense practices of voter modernization that are being embraced around the country,” said Damon Daniels, Campaigns and Outreach Associate for Demos.

“Maryland has taken a step forward today. The legislation will modernize the voting process and work to make Maryland’s democratic system more accessible and inclusive,” said Emma Greenman, Director of Voting Rights and Democracy at the Center for Popular Democracy.

The coalition partners said that while this bill expands voter registration opportunities for Marylanders, they are disappointed that Automatic Voter Registration (AVR), proposed in this measure and in Senate Bill 350, was excluded from the final legislation. The AVR provision called for the Maryland State Board of Elections to use relevant information provided to government agencies to automatically add eligible individuals to the voter rolls, unless they declined to be registered.

“Automatic Voter Registration could potentially add tens of thousands of newly eligible voters into Maryland elections, emphasizing an enhanced and inclusive approach to increasing voter participation while also protecting the rights of those who choose to refrain from the process. Its strength lies in its potential to transfer the responsibility of voter registration to the government, saving time and money while also providing the strongest opportunity to address current race and income gaps in voter turnout,” said Charly Carter, Executive Director of Maryland Working Families.

“We are grateful for the work of Senator Roger Manno and Delegate Eric Luedtke for introducing Automatic Voter Registration, and look forward to working with Maryland leadership and the Board of Elections to assess ways that we can continue to improve voter access in Maryland, especially for those who remain underrepresented in our electorate,” said Yaheiry Mora, Advocacy and Elections Specialist of Casa de Maryland. “We hope that Maryland will lead the national effort to let all eligible voters participate in the political process, and urge Gov. Larry Hogan to sign the Freedom to Vote Act into law and demonstrate the importance all elected officials should place on promoting fair and inclusive elections.”

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In addition to Wallace-Gobern, panelists will include Alvina Yeh, executive director of the Asian Pacific Labor Alliance; Tracey Corder, director of the Racial Justice Campaign at the Center for Popular Democracy; and Jeremiah Edmond, president of G.A.M.E. Local 101.

Read the full article here.

WASHINGTON — The Federal Reserve raised its benchmark interest rate Wednesday for just the second time since the financial crisis of 2008, saying the American economy is expanding at a healthy pace and setting itself up as a counterweight to President-elect Donald J. Trump’s push for considerably faster growth.

The Fed cited the steady growth of employment and other economic measures, and signaled that it expects to raise rates more quickly next year to prevent the economy from growing too quickly.

“My colleagues and I are recognizing the considerable progress the economy has made,” Janet L. Yellen, the Fed’s chairwoman, said at a news conference after the announcement. “We expect the economy will continue to perform well.”

The widely expected decision moves the Fed’s benchmark rate to a range of 0.5 percent to 0.75 percent, still very low by historical standards. Low rates support economic growth by encouraging borrowing and risk-taking.

The American economy has expanded by about 2 percent a year over the last six years, and the unemployment rate has fallen to 4.6 percent. The Fed’s assessment that the economy is growing at a healthy pace — not too hot, not too cold — is starkly at odds with Mr. Trump, who has promised 4 percent growth and has described job creation as “terrible” and economic growth as anemic.

Already on Wednesday, one Republican member of the House Financial Services Committee, Representative Roger Williams of Texas, criticized the Fed’s move.

“Today’s decision by the Fed to raise the interest rate is entirely premature and will be burdensome to a nation already struggling to pull itself out of this slow-growth Obama economy,” Mr. Williams said in a statement. “By making rates even higher, the Fed is effectively making our hardships even harder.”

Mr. Williams did not object when the Fed raised rates last December.

In announcing the decision after a two-day meeting of the Fed’s policy-making committee, the central bank gave little indication that Mr. Trump’s election had altered its economic outlook. The Fed said it still expected a slow economic expansion and a steady march toward higher rates. In separate forecasts also published Wednesday, Fed officials predicted three rate increases in 2017.

Rising Rate

The Federal Reserve raised its target rate for only the second time in more than a decade.

Note: Graphic shows the Federal Funds Target Rate previous to the December 2008 rate change; since then it is the upper limit of the Federal Funds Target Range.

By The New York Times | Source: Federal Reserve

For the first time in recent years, however, there is a real possibility of significant changes in fiscal policy. Republicans will control the White House and both chambers of Congress, and Mr. Trump has promised to increase economic growth and job creation through tax cuts and infrastructure spending.

Those measures could spur faster growth after a presidential campaign in which Mr. Trump regularly disparaged the economy’s performance under President Obama. But the Fed reiterated Wednesday that the economy is already expanding at roughly the maximum sustainable pace.

Fed officials also see evidence that the labor market is tightening. Several Fed districts reported labor shortages in the central bank’s most recent compilation of economic reports. In the Philadelphia district, construction workers are hard to find. Atlanta reported a shortage of nurses; Kansas City, truck drivers; Dallas, tech workers.

Faster growth, in the Fed’s judgment, would probably lead to higher inflation. As a result, if Republicans succeed in invigorating growth, the Fed is likely to raise rates more quickly. The greater the stimulus, the faster interest rates are likely to rise.

“Your expectation should depend very little on what you think that the F.O.M.C. is thinking and very much on your view of Trump policies and their macro effects,” said Jon Faust, a professor of economics at Johns Hopkins University and a former adviser to Ms. Yellen, referring to the Federal Open Market Committee. “Don’t focus on the Fed. As James Carville regularly reminded the other Clinton on the campaign trail: It’s the economy, stupid.”

Ms. Yellen emphasized that the Fed was not prejudging the likely course of events. She declined several times to comment on the merits of Mr. Trump’s plans or to predict their consequences for the economy.

“We’re operating under a cloud of uncertainty at the moment,” Ms. Yellen said.

Fed officials predicted that they would raise the Fed’s benchmark rate a little more quickly in the coming years, reaching 2.1 percent by the end of 2018. In September, they had predicted that it would reach 1.9 percent by the end of 2018. The new projections, however, reflect a significantly slower pace of increase than last December, when they expected the rate to reach 3.3 percent by 2018.

The combination of steady growth and faster rate increases indicates that some Fed officials expect the central bank to end up offsetting a modest increase in fiscal stimulus. But Ms. Yellen said most Fed officials were reserving judgment.

“Changes in fiscal policy or other economic policies could affect the economic outlook,” she said. “Of course, it is far too early to know how those changes will unfold.”

What Happens When the Fed Raises Rates, in One Rube Goldberg Machine

Exactly seven years ago, the Federal Reserve cut interest rates to almost zero in order to nurse the ailing economy back to health. Recently it changed direction. This is how it works.

The tensions between monetary and fiscal policy will develop slowly. Legislation takes time to write, and any economic impact would generally be felt in coming years. Political pressures, however, may build more quickly.

Mr. Trump has made clear in the past that he likes low interest rates — and some of his plans, like infrastructure investment, will be much easier to fund if rates remain low.

“The Fed is in a tricky place,” said Michael Feroli, chief United States economist at JPMorgan Chase. “They’re trying not to prejudge how Congress and the administration duke it out, but once they see that, I think they will respond.”

There is also uncertainty about the Fed’s leadership. Ms. Yellen’s term as chairwoman ends in February 2018, and Mr. Trump has said he would prefer a Republican.

Ms. Yellen could remain on the board, a possibility she said Wednesday she had not ruled out. But the Fed, under different leadership, might well choose a different path forward. Some conservative economists, notably John Taylor of Stanford University, argue that the bank should already have raised rates above 1 percent.

The economy, for now, keeps plodding along. Steady job growth has reduced the unemployment rate to a level the Fed considers healthy. A little unemployment is natural as people change jobs and businesses close. Ms. Yellen and other Fed officials have said they see some signs of stronger wage growth. Inflation, too, has picked up a little in recent months, although both wages and inflation continue to rise more slowly than the Fed would like to see.

Ms. Yellen described the rate increase as “a vote of confidence in the economy.”

The decision was made by a unanimous vote of the 10 members of the Federal Open Market Committee, the first time in recent months the Fed has acted by consensus.

Some economists argue that the Fed should wait until inflation strengthens before raising rates, to test whether a stronger economy would persuade some people sidelined during the downturn to start looking for jobs. That would expand the labor force. Unemployment remains particularly high among minorities.

That view, however, has found little support among Fed officials, who worry that interest rates will have to be raised more quickly if they wait too long, increasing the chances of pushing the economy into recession.

“Apparently, Fed officials think the economy is growing too quickly,” said Ady Barkan, the director of Fed Up, a coalition of liberal groups that has pressed the Fed to continue its stimulus campaign. “I doubt you can find many other Americans who share that opinion. And it’s a strange conclusion to draw in the wake of an election that was so heavily impacted by voters’ economic discontent.”

By BINYAMIN APPELBAUM

Source

A former employee of Forever 21 hit the company with a lawsuit in California state court over its exploitative scheduling practices, just a week after a class action was filed against BCBG Max Azria alleging the same practices.

Raalon Kennedy, who previously worked at Forever 21 as sales clerk, claims the company requires employees to be on call for shifts but doesn’t compensate them with required pay for being made to report to work yet being sent home, as per California law. “In reality, these on-call shifts are no different than regular shifts, and Forever 21 has misclassified them in order to avoid paying reporting time in accordance with applicable law,” he said.

Robynette Robinson’s suit against BCBG seeks class action status on behalf of workers who she alleges were similarly required to report for on-call shifts but not asked to work, yet were not given reporting time pay. “This class action on behalf of BCBG Max Azria Group LLC retail store employees challenge[s] a new form of wage theft — the practice of scheduling employees in retail stores for ‘on-call’ shifts but failing to pay the employees required reporting-time pay,” she said.

Forever 21 and BCBG could not be immediately reached for comment.

Bridgford Gleason & Artinian, the law firm representing both Kennedy and Robinson, told Law 360 that it has also filed similar lawsuits against other retailers that include The Gap and its subsidiaries, PacSun, and Tilly’s, and plans to file four or five more.

California law stipulates that employees be compensated with “reporting time pay” for being required to report to work but only being asked to work less than half of the actual shift. That pay is supposed to come to an employee’s regular rate of pay for half of a day’s work.

Other states have these requirements as well: Connecticut, Massachusetts, New Hampshire, New Jersey, New York, Oregon, Rhode Island, and Washington, DC all have similar laws on the books. New York’s law is being put to the test by Attorney General Eric Schneiderman, who sent letters to 13 large retailers in April looking into whether their scheduling practices run afoul of the law. Since then, four of them have pledged to end on-call scheduling.

Chaotic scheduling is rampant throughout the retail industry, however, and goes beyond being made to be available for a shift without knowing whether there will actually be work. One survey in the service sector found that a third of employees rarely get consistent work schedules, while more than half only find out their schedules a week or less in advance. A different study found that within retail, more than a quarter of workers have irregular schedules that include on-call shifts, two shifts in the same day, or rotating shifts. Forty percent of retail workers in New York City say they have no set hours from week to week, while a quarter have been required to be on call.

These schedules can make it impossible to get by. Without a set minimum of weekly hours, workers may never know week to week whether they’ll earn enough to pay their bills. Without knowing for sure when they’ll be asked to come in, child care or transportation arrangements can fall through. And it makes it extremely difficult to hold down a second or third job to help make ends meet.

Source: ThinkProgress