Passenger with ALS Calls Out Sen. Jeff Flake on Tax Vote, DACA
Arizona Republican Senator Jeff Flake recently has been masquerading as a Republican with a heart, someone willing to stand up to Donald Trump and others in the GOP whose lack of principles is...
Arizona Republican Senator Jeff Flake recently has been masquerading as a Republican with a heart, someone willing to stand up to Donald Trump and others in the GOP whose lack of principles is tearing the country apart.
Flake recently wrote a check for a whopping $100 to support Democratic Senate candidate Doug Jones in Alabama. He claims to have secured political promises from the Trump administration over DACA, which protects immigrants who came to the U.S. as children. (The White House denies there are any deals.)
Read the full article here.
At Swanky Federal Reserve Retreat, “Computer Glitch” Cancels Minority Protesters’ Hotel Reservations
At Swanky Federal Reserve Retreat, “Computer Glitch” Cancels Minority Protesters’ Hotel Reservations
THE KANSAS CITY Federal Reserve’s annual symposium in Jackson Hole, Wyoming, attracts central bankers, economists and the global elite. The past two years, some new faces came to Jackson Hole: low...
THE KANSAS CITY Federal Reserve’s annual symposium in Jackson Hole, Wyoming, attracts central bankers, economists and the global elite. The past two years, some new faces came to Jackson Hole: low-wage workers who object to the Fed raising interest rates when too many at the bottom rungs of the economic ladder still struggle.
This year, somebody appears to be ensuring that ordinary people won’t disrupt the party.
The Fed Up campaign, a coalition that brought the workers to Jackson Hole in 2014 and 2015, has filed a formal complaint with the departments of Justice and the Interior, along with the National Park Service, because their hotel reservations for this year’s conference were mysteriously canceled.
Despite paying in advance for spots at the 385-room Jackson Lake Lodge, the Grand Teton Lodge Company told the campaign July 26 that their reservations would not be honored, citing a “computer glitch.” Grand Teton operates the lodge, a publicly owned facility, under a contract with the National Park Service.
Thirty-nine members of the coalition planned to attend this year, but the lodge said computer glitch resulted in overbooking its rooms by 18. Instead of spacing that out among all Jackson Lake lodge guests, the company cancelled all 13 of the Fed Up campaign’s rooms. So nearly three-quarters of the cancelled reservations belonged to the Fed Up group, even though they were told when they booked that 100 rooms were still available at the lodge.
“There is no legitimate explanation for the company’s decision,” wrote Fed Up campaign chair Ady Barkan in the complaint, which alleges possible violations of the Civil Rights Act of 1964 and the First Amendment right to peaceable assembly. “This is egregious and disparate treatment.”
The coalition’s reservations were made in the names of staffers for three of its member organizations – the Center for Popular Democracy, the Economic Policy Institute, and the Center for Economic and Policy Research – using work email addresses.
In an email statement, Alex Klein, vice president and general manager of Grand Teton Lodge Company, said: “This summer we encountered an error with our booking system that resulted in our Jackson Lake Lodge property being oversold by 18 rooms for three peak nights in August. We worked proactively and diligently with guests to relocate them to our nearby Flagg Ranch property, and offered to keep them on a wait list for available rooms should there be cancellations at the Jackson Lake Lodge. We regret inconveniencing any of our guests.”
The Jackson Hole symposium takes place from August 25-27. The event typically features a highly anticipated speech by the Federal Reserve chair – Janet Yellen is expected this year.
In 2014 and 2015, Fed Up brought unemployed workers and local activists to Jackson Hole to highlight how the economy has left behind communities of color and to urge the Fed to hear their voices. Last year, they held an alternative conference in Jackson Hole lodge conference rooms, featuring economists like Nobel Prize winner Joseph Stiglitz.
This year, Fed Up planned to hold a teach-in outside of the lodge, and secured permits for a protest. They still expect 120 members, their largest contingent ever, to attend the proceedings, but they will have to stay in alternative accommodations that are a 20- to 30-minute drive away, separate from symposium guests and the press.
The majority of Fed Up members planning to attend the conference are African-American and Latino, which is why the campaign wants the Justice Department to investigate the matter as a violation of laws ensuring nondiscriminatory treatment in public accommodations. They also want to know if the Kansas City Federal Reserve was at all involved with the decision.
Kansas City Federal Reserve President Esther George has consistently drawn criticism from the Fed Up coalition for wanting to raise interest rates and slow down the economy.
The lodge’s general manager told Fed Up that their reservations were pulled because they were booked in a group of 13, making it easier to cancel them. This, the campaign believes, also violates First Amendment rights to freedom of assembly.
“I recognize that our presence is not desired by either the company or the organizers of the symposium,” Barkan wrote. “But the physical and virtual segregation of Federal Reserve decision-makers far away from the voices and opinions of working class people of color is precisely what the Fed Up coalition is trying to dismantle.”
The incident comes at a sensitive time for the Federal Reserve, which has already been criticized by 127 members of Congress for a lack of diversity among its leadership, which is disproportionately white, male, and either current or former executives of large corporations and financial institutions. Activists believe this homogeneity in race, gender, and background drives central bank decisions that cater to the wealthy and neglect communities of color.
Barkan’s letter to Justice and the Interior concludes: “Once again, the voices and faces of working class people of color have been marginalized … and an opaque, inaccessible, and incredibly powerful quasi-governmental institution has received a bit more insulation from the opinions of the people over whose lives it has so much power.”
The Intercept has reached out for comment to the Justice Department, the Interior Department, and the National Park Service, but did not immediately hear back.
Top photo: National Park Rangers stand silhouetted inside the lobby of Jackson Lake Lodge during the Jackson Hole economic symposium in August 2015.
By David Dayen
Source
Charters Lack Sufficient Oversight
Philly.com - October 15, 2014, by Kia Hinton - Recently, charter schools have made headlines nationwide. This summer, the FBI raided...
Philly.com - October 15, 2014, by Kia Hinton - Recently, charter schools have made headlines nationwide. This summer, the FBI raided charter schools in Connecticut, Arizona and Ohio. The Annenberg Institute for School Reform released a report on dramatic shortcomings of charter schools, saying "the lack of effective oversight means too many cases of fraud and abuse, too little attention to equity, and no guarantee of academic innovation or excellence."
Pennsylvania has seen its share of charter headlines as well. Earlier this month, ACTION United, the statewide organization I serve on the board of, released a report that uncovered no less than $30 million in fraud by Pennsylvania charter operators since the passage of the 1997 Charter School Act. Philadelphia, which now feeds $800 million a year into charter schools, has simultaneously starved the traditional public school system for years now. Students lack critical services because of the layoffs of nurses, librarians and counselors. Teachers are paying for supplies and even toilet paper out of their own pockets. And after a six year moratorium on charter expansion in Philadelphia, we learned our school district was required to accept a flood of new charter applications as part of the cigarette tax deal.
When I hear about fraudulent charter operators who steal tax dollars from Philadelphia's working families, it's personal.
My family has lived in Southwest Philadelphia for generations, in the same two-story house I grew up in. My youngest child attends Longstreth Elementary, my alma mater. Another of my children attends a Mastery Charter School. All of my children deserve a quality education.
Fraud, waste and mismanagement threaten my children's access to a quality education. Public money is being invested in a massive, fast-growing industry that fundamentally lacks meaningful oversight. Here in Philadelphia, we have just two auditors for 85 charter schools. That lack of oversight enabled people like the founders of Agora Cyber Charter and New Media Technical School to prop up their personal businesses with more than $7 million that was meant for Philadelphia's children.
For these reasons, ACTION United is calling for a statewide moratorium on new charter schools until all charter schools can assure us that they have appropriate fraud-prevention measures in place. We are asking the School Reform Commission to mandate fraud prevention in the charter application process. We are approaching all charter schools to ask them to take our fraud prevention pledge and commit to implementing a fraud risk management program at their nonprofit.
Politicians are making a lot of promises this election season, so here's something they should keep in mind: As long as we continue to lack local control over our own schools in Philadelphia, we expect the governor and the SRC to ensure precious school dollars are spent on our children - not lost to fraud.
Source
New York State Becomes First in the Nation to Provide Lawyers for All Immigrants Detained and Facing Deportation
New York State Becomes First in the Nation to Provide Lawyers for All Immigrants Detained and Facing Deportation
The Vera Institute of Justice and partner organizations today announced that detained New Yorkers in all upstate immigration courts will now be eligible to receive legal counsel during deportation...
The Vera Institute of Justice and partner organizations today announced that detained New Yorkers in all upstate immigration courts will now be eligible to receive legal counsel during deportation proceedings. The 2018 New York State budget included a grant of $4 million to significantly expand the New York Immigrant Family Unity Project (NYIFUP), a groundbreaking public defense program for immigrants facing deportation that was launched in New York City in 2013...
Read full article here.
Prominent Economists Question Fed Inflation Target
06.08.2017
Dear Chair Yellen and the Board of Governors,
The end of this year will mark ten years since the beginning of the Great Recession. This recession and the slow recovery...
06.08.2017
Dear Chair Yellen and the Board of Governors,
The end of this year will mark ten years since the beginning of the Great Recession. This recession and the slow recovery that followed was extraordinarily damaging to the livelihoods and financial security of tens of millions of American households. Accordingly, it should provoke a serious reappraisal of the key parameters governing macroeconomic policy.
One of these key parameters is the rate of inflation targeted by the Federal Reserve. In years past, a 2 percent inflation target seemed to give ample leverage with which the Fed could lower real interest rates. But given the evidence that the equilibrium interest rate had fallen substantially even prior to the financial crisis, and that the Fed’s short-term policy rate remained at zero for seven years without sparking any large acceleration of aggregate demand growth, a reassessment of this target seems warranted. Such a reassessment is particularly appropriate when the lack of evidence that moderately higher inflation would harm Americans’ standard of living is juxtaposed with the tremendous evidence that a tighter labor market would improve Americans’ standards of living.
Some Federal Reserve policymakers have acknowledged these shifting realities and indicated their willingness to reconsider the appropriate target level. For example, San Francisco Federal Reserve President John Williams noted the need for central banks to “adapt policy to changing economic circumstances,” in suggesting a higher inflation target, and Boston Federal Reserve President Eric Rosengren cited the different context in which the inflation target was set in emphasizing the need for debate about the right target. (1) (2) In May, Vice Chair Stanley Fischer highlighted the Canadian system of reconsidering the inflation target every five years, saying, “I can envisage – say, in the case of inflation targeting – a procedure in which you change the target or you change the other variables that are involved on some regular basis and through some regular participation.” (3)
The comments made by Fischer, Rosengren, and Williams all underscore the ample evidence that the long-term neutral rate of interest may have fallen. Even if a 2 percent inflation target set an appropriate balance a decade ago, it is increasingly clear that the underlying changes in the economy would mean that, whatever the correct rate was then, it would be higher today. To ensure the future effectiveness of monetary policy in stabilizing the economy after negative shocks – specifically, to avoid the zero lower bound on the funds rate – this fall in the neutral rate may well need to be met with an increase in the long-run inflation target set by the Fed.
More immediately, new, post-crisis economic conditions suggest that a reiteration of the meaning of the Fed’s current target is in order. In its 2016 statement of long-run goals and strategy, the Federal Open Market Committee wrote: “The Committee would be concerned if inflation were running persistently above or below this objective.” Some FOMC participants, however, appear to instead consider 2 percent a hard ceiling that should never be breached, and justify their decision-making on that basis. It is important that the Federal Reserve makes clear – and operates policy based on – its stated goal that it aims to avoid inflation being either below or above its target.
Economies change over time. Recent decades have seen growing evidence that developed economies have harder times generating faster growth in aggregate demand than in decades past. Policymakers must be willing to rigorously assess the costs and benefits of previously-accepted policy parameters in response to economic changes. One of these key parameters that should be rigorously reassessed is the very low inflation targets that have guided monetary policy in recent decades. We believe that the Fed should appoint a diverse and representative blue ribbon commission with expertise, integrity, and transparency to evaluate and expeditiously recommend a path forward on these questions. We believe such a process will strengthen the Fed as an institution and its conduct of monetary policy, and help ensure wise policymaking for the years and decades to come.
Sincerely,
Dean Baker Center for Economic and Policy Research Laurence Bell Johns Hopkins University Heather Boushey Washington Center for Equitable Growth Josh Bivens Economic Policy Institute Brad DeLong University of California, Berkeley Tim Duy University of Oregon Joseph Gagnon Peterson Institute Narayana Kocherlakota University of Rochester Lawrence Mishel Economic Policy Institute Manuel Pastor University of Southern California William Spriggs Howard University Mark Thoma University of Oregon Valerie Wilson Economic Policy Institute Justin Wolfers University of Michigan Gene Sperling Obama Administration Economist Joseph Stiglitz Columbia University Jared Bernstein Obama Administration Economist David Blanchflower Dartmouth College Jason Furman Peterson Institute Mike Konczal Roosevelt Institute Marc Jarsulic Center for American Progress Michael Madowitz Center for American Progress
(1) John Williams, “Monetary Policy in a Low R-Star World,” August 15, 2016.
(2) Sam Fleming, “Inflation Goal May Be Too Low, says Fed’s Rosengren,” Financial Times, April 20, 2015.
(3) Greg Robb, “Fed’s Williams Backs Changing Central Bank’s Strategy to Price-Level Targeting,” Market Watch, May 5, 2017.
DOWNLOAD LETTER
DOWNLOAD PRESS CALL AUDIO
Federal Reserve Board of Governors Constitution Ave NW & 20th Street Northwest Washington, D.C. 20551
Juez Federal Suspende la Acción Ejecutiva un Día Antes de Entrar en Vigor
Univision - February 16, 2015 - Un juez federal de Texas suspendió temporalmente el lunes la entrada en vigor de la acción ejecutiva del presidente Barack Obama, un día antes de que comenzara la...
Univision - February 16, 2015 - Un juez federal de Texas suspendió temporalmente el lunes la entrada en vigor de la acción ejecutiva del presidente Barack Obama, un día antes de que comenzara la inscripción a la primera parte que frena la deportación de unos 2.4 millones de dreamers.
“No está permitido hacer nada para implementar ninguno de los nuevos programas que Obama anunció.” El beneficio migratorio, anunciado el 20 de noviembre del año pasado por Barack Obama, en total, protege de la deportación a entre 4.5 y 5 millones de indocumentados, entre ellos, padres de ciudadanos y residentes legales permanentes (DAPA, por sus siglas en inglés) que están en el país desde antes del 1 de enero de 2010 y carecen de antecedentes criminales. También amplía la cobertura de la Acción Diferida (DACA, por sus siglas en inglés) del 15 de junio de 2007 al 1 de enero de 2010, cuya entrada en vigor estaba prevista para este 18 de febrero. El juez Andrew S. Hanen dio la orden de frenar la medida y dictó que el gobierno federal no tiene permitido hacer nada para implementar ninguno de los nuevos programas que Obama anunció en noviembre. Minutos después de haberse emitido la medida cautelar, el gobernador de Texas, Greg Abbott, quien lidera la demanda, anunció el fallo provisional a través de su cuenta en Twitter. Juez federal acepto su pedido para detener la orden ejecutiva para indocumentados bajo el programa de DAPA. El fallo provisional de Hanen es en respuesta a una demanda presentada en diciembre por 26 estados, liderados por Texas, contra la acción ejecutiva. Veinticuatro de ellos, gobernados por republicanos, argumentan que Obama se extralimitó en sus funciones y que la medida viola la Constitución. La decisión de Hanen significa que aquellos dreamers (soñadores) que tenían pensado enviar sus solicitudes para evitar ser deportados a partir de este miércoles, no podrán hacerlo. El dictamen provisional ocurre mientras la Corte Federal para el Distrito Sur de Texas, que preside Hanen, sigue revisando la demanda. En su fallo, el juez asegura que "al haber hallado que al menos un demandante satisface todos los elementos necesarios para mantener la demanda", concede "un mandato judicial temporal" para suspender la aplicación de las medidas hasta que haya "una resolución final de los méritos de esta causa o una orden ulterior de este tribunal". La acción ejecutiva frena temporalmente por tres años las deportaciones y concede un permiso de trabajo por el mismo periodo de tiempo. Al tercer año se esperaba que pudieran renovarse ambos beneficios. Los demandantes habían pedido a Hanen que emita una "orden judicial preliminar" que bloqueara temporalmente tanto DACA como DAPA en tanto la querella sigue su curso. El Servicio de Inmigración comenzará a recibir solicitudes de quienes califiquen para Acción Ejecutiva Extendida. Wendy Feliz, representante del American Immigration Council, había advertido en la víspera que Hanen no estaba obligado a tomar una decisión antes de este miércoles, “pero se esperaba que lo hiciera”, reportó la agencia mexicana Notimex. Otra de las opciones que tenía el juez, además de suspender temporalmente la acción ejecutiva, era no tomar acción alguna y también rechazar el otorgamiento de la suspensión pedida por los demandantes. También Hanen pudo haber emitido una orden de suspensión parcial contra algunos de los beneficios contenidos en la acción ejecutiva. La decisión de Hanen ocurre en momentos que el Congreso, controlado por los republicanos, debate si aprueba el presupuesto del Departamento de Seguridad Nacional (DHS, por sus siglas en inglés) para lo que resta del año fiscal 2015. A finales de enero la Cámara de Representantes aprobó incluir dos enmiendas al proyecto, una que anula la acción ejecutiva y otra que prohíbe al DHS utilizar dineros del presupuesto en la ejecución de la medida. El Presidente Barack Obama había advertido que vetará cualquier iniciativa de ley que frene la acción ejecutiva. Pero no puede vetar la medida de Hanen. Solo apelarla. De no aprobarse el presupuesto antes del 27 de febrero, el DHS se quedará sin fondos para seguir operando, excepto áreas de emergencia de seguridad nacional. Los republicanos, sin embargo, han dicho que seguirán desafiando la medida ya sea en el Congreso o en las cortes, y exigen al gobierno que escuche la voz del pueblo expresada en las urnas el martes 4 de noviembre del año pasado cuando concedió a los republicanos la mayoría en ambas cámaras del legislativo. La demanda del 3 de diciembre fue entablada por el entonces gobernador electo de Texas, el republicano Greg Abbott, y luego secundada por otros 25 estados, 24 de ellos gobernados por republicanos. West Virginia y Montana están gobernados por demócratas, pero sus fiscales son republicanos. Nevada, un estado gobernado por el hispano Brian Sandoval, es otra de las sorpresas de esta demanda. Los demandantes argumentaron en ella que Obama no siguió la Ley de Procedimiento Administrativo en la emisión de su directiva migratoria. Y sostienen que la acción ejecutiva de Obama, en la propia admisión del presidente, "cambia la ley y establece una nueva política, excede su autoridad constitucional y perturba el delicado equilibrio de poderes". “La extralimitación constitucional por el presidente Obama es clara y muy preocupante”, señala el recurso. El Center for Popular Democracy comentó que el fallo del juez Hanen es una medida cautelar temporal y que “no cambia el hecho de que la orden ejecutiva del presidente Obama sea una victoria para las familias inmigrantes. “Hacemos un llamado al Departamento de Justicia para que presente inmediatamente una instancia ante el Quinto Tribunal de Apelaciones de Circuito para que sea desechada esta demanda sin mérito que se traduce en un ataque a las familias inmigrantes y una pérdida de dinero de los contribuyentes, dijo Joaquín Guerra, del Proyecto Organización de Texas (Texas Organizing Project) en un comunicado poco después de conocerse el dictamen de Hanen. A mediados de enero, luego de una audiencia en la que ambas partes presentaron y defendieron sus argumentos, Hanen dijo que no emitiría un fallo sobre la solicitud de interdicto sino hasta antes del 30 de enero. Señaló que el caso era "un área de debate legítimo" y que "no hay tipos malos en esto". Dijo que Brownsville y el sur de Texas han visto tanto los beneficios como los inconvenientes de la aplicación estricta de las leyes de inmigración y de lo que "algunas personas llaman una política laxa de aplicación". Durante la audiencia Hanen admitió que había criticado la política de inmigración de Estados Unidos en dos fallos previos, pero también señaló que en ambos casos su determinación fue a favor del gobierno federal. Además de Texas, los estados demandantes son Alabama, Arizona, Arkansas, Carolina Norte, Carolina del Sur, Dakota del Norte, Dakota del Sur, Florida, Georgia, Idaho, Indiana, Kansas, Louisiana, Maine, Michigan, Mississippi, Montana, Nebraska, Ohio, Oklahoma, Utah, Virginia del Oeste y Wisconsin. Los estados que se oponen a la acción ejecutiva no solicitan una indemnización, sino que quieren que los tribunales bloqueen la acción ejecutiva y señalan que el mandatario se extralimitó en sus poderes. Esta no es la primera vez que Hanen se pronuncia en contra de los inmigrantes. Hanen, el año pasado, acusó al gobierno de participar en conspiraciones criminales para llevar al país niños de contrabando al reunirlos con los padres que vivían en el país de manera ilegal. SourceHelp Puerto Rico and Other Islands as Hurricane Maria Pummels the Caribbean
Help Puerto Rico and Other Islands as Hurricane Maria Pummels the Caribbean
Hurricane Maria made landfall in Puerto Rico Wednesday morning, destroying homes as rain, powerful winds, and floods devastated the island.
The storm is moving northwest tonight, but...
Hurricane Maria made landfall in Puerto Rico Wednesday morning, destroying homes as rain, powerful winds, and floods devastated the island.
The storm is moving northwest tonight, but Puerto Rico has been badly battered. The mayor of San Juan, the country’s capital, said the island of 3.5 million people could go “four to six months without electricity.”
Here’s how you can help far from the eye of the storm.
Read the full article here.
Economic Sector Bias at the Federal Reserve
In part one of this two-part posting, I looked at the gender bias at the Federal Reserve, showing how men vastly outnumber women in key posts at Federal Reserve Banks throughout the United States...
In part one of this two-part posting, I looked at the gender bias at the Federal Reserve, showing how men vastly outnumber women in key posts at Federal Reserve Banks throughout the United States despite the Fed's Congressional mandate. In part two of this posting, I want to take an additional look at the Fed's bias; its failure to represent the economic diversity of America.
For those of you that either didn't read part one or who are unaware of the Federal Reserve's organizational setup, here is a graphic from a report by the Center for Popular Democracy showing the link between the Federal Reserve and its Federal Open Market Committee (FOMC) and its district banks known as Federal Reserve Banks:
Here is a map showing the regions covered by each of the 12 district banks (Federal Reserve Banks) and the 24 branches within each district:
Note that Alaska and Hawaii are covered by the San Francisco district.
If we start at the top of the organizational chart, the seven members of the Federal Reserve Board of Governors are appointed by the President and confirmed by the Senate for a 14-year term of office. The President (and Senate) also confirm two members of the Board to be Chair (currently Janet Yellen) and Vice Chair for four year terms. The FOMC consists of 12 members; the seven aforementioned Board members, the president of the Federal Reserve Bank of New York and four other regional Federal Reserve Bank presidents on a rotating, one-year term basis. The Federal Reserve Banks form an important link between the Federal Reserve and their local economy and help to dictate the Federal Reserve's monetary policies. Each of the twelve district banks has their own president and boards of directors (nine directors in total for each bank); in addition, each of the 24 district branches has its own directors (seven directors in total for each branch). The Board of Directors for each Reserve Bank are appointed in two ways; the majority are appointed by the Reserve Bank and the remainder are appointed by the Federal Reserve's Board of Governors. The directors for each district bank then appoint their own president and vice president. It all sounds rather nepotistic, doesn't it?
By law, under the Federal Reserve Reform Act of 1977, the Boards of Directors of the Federal Reserve are to be
"...elected with due but not exclusive consideration to the interests of agriculture, commerce, industry, services, labor and consumers.".
That is, each of the leaders/directors of the world's most influential central bank and its district banking system are to represent a wide variety of each of the economic sectors that make up the American economy.
The report by the Center for Popular Democracy compares the economic sector representation during the period from 2006 to 2010 when the Government Accountability Office examined the composition of the Federal Reserve Bank Boards and the present. Here is a graphic showing the past and present composition:
In both 2006 to 2010 and 2016, directors from the banking sector filled over one-third of the board seats, growing by 3 percentage points over the timeframe of the study. In combination, in 2016, representatives from the commercial and industrial sector and the banking sector filled 68 percent of seats, up from 63 percent in 2006 to 2010. The service sector's representation fell from 26 percent of seats to 18 percent and agriculture and food processing saw their representation fall from 6 percent of seats to 3 percent. Interestingly, even though they are relatively poorly represented compared to the other sectors, the number of directors affiliated with consumer and community organizations rose from 3 percent to 8 percent.
For your illumination, here are a few of the Directors for each of the Federal Reserve Banks that you can get a sense of who is dictating America's monetary policies:
If you are interested in who is on the boards of the other Federal Reserve Banks, please see the original report.
Interestingly, during the "financial crisis" of 2008, there was some question about directors' independence and actions taken by the Federal Reserve banks since there was at least the perception of conflicts of interest when director-affliated institutions took part in the Federal Reserve System's emergency programs. With a preponderance of representation from the banking and commercial sectors, it certainly doesn't take a genius to figure out which sectors of the economy will likely be favoured by Federal Reserve policies should there be another "financial crisis", does it?
By A Political Junkie
Source
Rivera and Camara Put Up Immigration Bill They Admit Won’t Pass This Session
New York Observer - June 16, 2014, by Will Bredderman - Four days before the legislative session in Albany ends for the summer, Bronx State Senator Gustavo Rivera and Brooklyn Assemblyman Karim...
New York Observer - June 16, 2014, by Will Bredderman - Four days before the legislative session in Albany ends for the summer, Bronx State Senator Gustavo Rivera and Brooklyn Assemblyman Karim Camara have proposed sweeping legislation granting full citizenship rights to undocumented immigrants living in New York state–legislation which even they admit will not get passed this session.
The bill that Mr. Rivera and Mr. Camara have sponsored will grant the right to vote in state and local elections, college financial aid, access to Medicare, drivers’ licenses, medical and chiropractic licenses and full civil rights protections to the three million-odd foreign nationals currently living in New York State without proper paperwork. The immigrants would be required to show proof of identity, proof they have lived in the state for three years, proof they have paid state taxes for three years, proof they have and will continue to obey state laws and a willingness to do jury duty.
“This is a bold idea. And we do not expect anything to pass quickly. But this sets things in motion,” Mr. Rivera, comparing the legislation to the push to legalize same-sex marriage, said at a press conference in Battery Park.
“The defeat of Cantor has made it clear we have to act quickly to protect the rights and privileges of all people living in this state,” Mr. Rivera said.
The bill would only pertain to the undocumented immigrants’ interactions in New York State, and would do nothing to alter federal recognition of citizenship, federal border security, or federal deportation policies.
Source
New Layers of Dirt on Charter Schools
The commentary you find at BuzzFlash and Truthout can only be published because of readers like you. Click here to join the thousands of people who have donated so far.
An earlier review...
The commentary you find at BuzzFlash and Truthout can only be published because of readers like you. Click here to join the thousands of people who have donated so far.
An earlier review identified the "Three Big Sins of Charter Schools": fraud, a lack of transparency, and the exclusion of unwanted students. The evidence against charters continues to grow. Yet except for its reporting on a few egregious examples of charter malfeasance and failure, the mainstream media continues to echo the sentiments of privatization-loving billionaires who believe their wealth somehow equates to educational wisdom.
The Wall Street Journal, in its misinformed way, says that the turnaround of public schools requires "increasing options for parents, from magnet to charter schools." Wrong. As the NAACP affirms, our nation needs "free, high-quality, fully and equitably-funded public education for all children." For all children, not just a select few.
The NAACP has called for a moratorium on charter schools. And Diane Ravitch makes a crucial point: "Would [corporate reformers] still be able to call themselves leaders of the civil rights issue of our time if the NAACP disagreed with their aggressive efforts to privatize public schools?"
Here are the four big sins of charter schools, updated by a surge of new evidence:
1. Starve the Beast
Corporate-controlled spokesgroups ALEC, US Chamber of Commerce, and Americans for Prosperity are drooling over school privatization and automated classrooms, with a formula described by The Nation: "Use standardized tests to declare dozens of poor schools 'persistently failing'; put these under the control of a special unelected authority; and then have that authority replace the public schools with charters." But as aptly expressed by Jeff Bryant, "As a public school loses a percentage of its students to charters, the school can’t simply cut fixed costs for things like transportation and physical plant proportionally...So instead, the school cuts a program or support service."
It's an insidious and ongoing process, aided and abetted by business-friendly mainstream media outlets, to convince Americans that "every family for itself" is better than the mutual support and cooperation of a public school system.
2. Cream and Segregate and Discard
Urban charter schools primarily enroll low-income minority students. That seems admirable upon first reflection, but selective admissions of the best students from ANY community will make an individual school look good, leading to the belief that the concept will work on a larger scale. Success is much harder to achieve if a school accommodates special needs and English-learner students.
Numerous sources reveal the high degree of segregation in charter schools -- white or black, and by income and special need.
As expressed in the report "Failing the Test," "School choice is just that — except that charter schools are doing the choosing instead of communities."
It gets worse. Prominent New York charter network Success Academy has been accused of "counseling out" students who are low-performing or disruptive or otherwise difficult to teach. Even worse are charters that shut down, stranding hundreds of students, while their business operators can just move on to their next project. Nearly 2,500 charter schools closed their doors from 2001 to 2013, leaving over a quarter of a million kids temporarily without a school.
3. Scream 'Public' to Get Tax Money, Plead 'Private' to Hide Salary Data
Charter schools are increasingly run by private companies, or by private trusts. The National Labor Relations Board affirms that charters are private, not public.
As private entities, they are unregulated and lacking in transparency, and, as concluded by the Center for Media and Democracy, they have become a "black hole" into which the federal government has dumped an outrageous $3.7 billion over two decades with little accountability to the public.
4. Engage in "Fraud, Waste, Abuse, and Mismanagement"
That's how the Center for Popular Democracy describes charter performance in 2015, during which the schools wasted an estimated $1.4 billion of taxpayer money. The fraud is far-reaching, with examples from around the country:
The Department of Education audited 33 charter schools and concluded: "We determined that charter school relationships with CMOs (charter management organizations) posed a significant risk to Department program objectives."
In California, charter performance is so poor that even the National Association of Charter Authorizers is calling on the state to better control the authorization of such schools. At present, there are almost no restrictions on opening a charter school, and existing schools are restrictive in their enrollment policies.
Because of charters, Michigan cities have lost nearly half (46.5%) of their revenue over the past 10 years. Detroit, which is surpassed only by New Orleans in the number of charter students, half of the charter schools perform only as well as, or worse than, traditional public schools. A federal study found an "unreasonably high" number of charters among the lowest-rated public schools in the state.
In Louisiana, according to the Center for Popular Democracy, "charter schools have experienced millions in known losses from fraud and financial mismanagement so far, which is likely just the tip of the iceberg."
According to PR Watch, Florida "has one of the worst records in the nation when it comes to fraud and lack of charter school oversight." Texas has an unknown number of charters housed in churches. Nine charters in Washington remain open despite being declared unconstitutional by the state's Supreme Court.
Ohio might be worst of all. Since the 2006-07 school year, 37 percent of the state's charter schools receiving federal grants have either closed or never opened. An Ohio newspaper reported, "No sector – not local governments, school districts, court systems, public universities or hospitals – misspends tax dollars like charter schools in Ohio."
The Big Picture
Despite student selection advantages, charter schools generally perform no better than public schools, according to the most recent CREDO study and as summarized by the nonpartisan Spencer Foundation and Public Agenda: "There is very little evidence that charter and traditional public schools differ meaningfully in their average impact on students' standardized test performance." As for technology-based schools, the National Alliance for Public Charter Schools admits that "The well-documented, disturbingly low performance by too many full-time virtual charter public schools should serve as a call to action to state leaders and authorizers across the country."
Charter schools have turned our children into the products of businesspeople. Americans need to know how important it is to get the profit motive out of education, and to provide ALL our children the same educational opportunities.
By Paul Buchheit
Source
2 days ago
2 days ago