Fed Activists To Highlight Racial Justice At Jackson Hole Conference
The Fed Up campaign, a coalition of groups led by the nonprofit Center for Popular Democracy, will converge on Jackson Hole, Wyoming, later this week to urge the Federal Reserve to be more...
The Fed Up campaign, a coalition of groups led by the nonprofit Center for Popular Democracy, will converge on Jackson Hole, Wyoming, later this week to urge the Federal Reserve to be more responsive to the needs of American workers. In doing so, it will focus on both “economic and racial inequality,” campaign director Ady Barkan told reporters on a Monday press call previewing the campaign’s plans.
The gathering is aimed at influencing Fed officials attending the Kansas City Fed’s annual Jackson Hole symposium.
A major theme of Fed Up's parallel conference on Thursday and Friday will be “Whose Recovery,” based on the premise that the economic recovery has yet to reach many workers, particularly those of color. They note that the official African-American unemployment rate -- 9.1 percent -- is much higher than the 5.3 percent rate for the overall population.
“Although there has been a strong recovery for Wall Street, that recovery has not reached Main Street,” Barkan said. At Jackson Hole, Barkan said, “We will be asking not only, ‘Whose recovery is this?’ but also, ‘Whose Federal Reserve is this?’”
The Fed Up campaign’s immediate goal is to stop an interest rate hike that would slow economic growth, which it says would disproportionately hurt people of color. The Federal Reserve has indicated it will raise interest rates in September, though some economic analysts are speculating that Monday’s stock market slide and turmoil in emerging-market economies will give the central bank pause. Over the longer term, Fed Up hopes to reform the selection process for regional Federal Reserve bank presidents, which it believes currently reflects the interests of financial elites more than the broader public.
(For more on the Fed Up campaign's efforts and the broader debate over monetary policy, head over here.)
Fed Up will bring an estimated 50 low-income workers and representatives of communities of color from across the country to the Jackson Hole gathering -- an increase from the 10 activists it brought last year.
“We see racial justice and racial economic equality as part of the same agenda," Barkan added, referencing the persistent racial disparity in employment.
The campaign has reserved conference rooms where activists will hold “teach-ins” making the case for monetary policy that prioritizes full employment and wage growth, and plan to share their views in informal conversations with Fed officials and members of the media.
The activists will also deliver to Fed officials an as-yet-undetermined number of petition signatures opposing an interest rate hike absent greater wage growth. Last year, Fed Up amassed 10,000 signatures for a similar petition, but this year it hopes to submit a much larger number thanks to the campaign’s collaboration with progressive online heavyweights CREDO Action, Daily Kos and Working Families Party, and a promotional video from popular liberal economist Robert Reich that has already been viewed over 150,000 times.
Asked whether Fed Up planned any public and potentially disruptive protests at the Jackson Hole gathering, Barkan refused to disclose any specific plans, but did not rule them out either.
While Fed Up since its inception has focused on the disproportionate impact of Federal Reserve interest rates on people of color, its events at Jackson Hole this year explicitly appeal to the themes of the Black Lives Matter movement, which has gained steam since last year’s conference. The campaign will host back-to-back teach-ins entitled “Do Black Lives Matter To The Federal Reserve?” on Thursday and Friday that Barkan said will explain how a “weak economy causes racial discrimination and disparities.” The sessions will be organized by activists from the St. Louis and Wichita, Kansas, metropolitan areas, many of whom have also been active in protests against police mistreatment of, and use of force against, black people.
Barkan said that because Black Lives Matter is not a centralized movement, however, it has no formal affiliation with Fed Up.
Dawn O’Neal and Keesha Moore, two African-American rank-and-file Fed Up activists who are attending the Jackson Hole gathering, shared their reasons for lobbying the Fed.
O’Neal described the challenges of earning just $8.50 an hour as a teaching assistant for 3-year-old children in Dekalb County, Georgia, just outside Atlanta. Her husband is unemployed and stands in line at 5 a.m. every day for odd construction jobs at a local gathering point for day laborers. If her husband is lucky, he is one of 30 or 40 men among a group of 300 predominantly black men to be chosen for work that pays roughly the federal minimum wage of $7.25 an hour. They lack health insurance and must choose which bills to pay at the end of every month.
“When the Fed says the economy is recovering, I do not see recovery in my community. I see the struggle of my neighbors, lines of people looking for work, people trying to make ends meet on McDonald’s salaries,” O’Neill said Monday on the press call. “I do not think those at the Fed know how life is here in South Dekalb county when they say the economy is recovering.”
Moore, a 36-year-old single mother of four in Philadelphia, described her dogged and disheartening search for work after being laid off as a data entry specialist seven months ago. She lamented a Catch-22 of job hunting: Getting a good job often requires a car, and she will only be able to afford a car when she has a job.
Moore suspects that being African American has impeded her job search. “They always ask me when I apply what my race is,” Moore said. “I am not quite sure what that has to do with getting a job.”
Moore, like O’Neal, wants to tell the Fed about her community’s urgent need for more jobs and “fair” wages.
Fed Up and its allies say even a modest interest rate hike will slow down a job market that is already inadequate for the size of the population and has yet to produce significant wage growth. That would disproportionately hurt people of color, who are already more likely to be out of work, and often experience discrimination in hiring that they are more likely to overcome in a high-demand economy supported by low interest rates.
Proponents of a Federal Reserve interest rate increase, which include many Fed officials, center-right economists and politicians, argue that rates must rise to prevent excessive price and asset inflation. And some economists are also expressing concerns that prolonged low interest rates will limit the Fed’s ability to stimulate the economy by cutting rates if and when a significant slowdown occurs, The Wall Street Journal reported on August 17.
The Kansas City Federal Reserve Bank, which is hosting the Jackson Hole symposium that Fed Up is targeting, is aware of the planned counter-conference, Barkan said, but has not expressed opinions about it. Fed Up’s actions last year led to a meeting between activists and Kansas City Fed president Esther George.
Barkan said that Atlanta Fed president Dennis Lockhart had expressed interest in attending Fed Up’s sessions.
"President Lockhart’s first obligation is to the Kansas City Fed’s conference that he is in Jackson Hole to attend," Jean Tate, a spokeswoman for the Atlanta Fed, told HuffPost. "He has some other commitments on his schedule as well. If time permits, he may be able to briefly listen to some of the conversation at the Fed-Up event, but it is not something that we can confirm."
This post has been updated with a response from the Atlanta Fed about whether President Dennis Lockhart plans to attend Fed Up events.
Source: Huffington Post
For the Undocumented, Life Looks Different Outside a Sanctuary City
For the Undocumented, Life Looks Different Outside a Sanctuary City
This story was first published in Spanish on our sister site, CityLab Latino.
The marker between two territories is not just a line on a map. Norma Casimiro knows this all too well....
This story was first published in Spanish on our sister site, CityLab Latino.
The marker between two territories is not just a line on a map. Norma Casimiro knows this all too well. Seventeen years ago, she left her home state of Morelos, Mexico, with a young son. Since then, she has lived in Westbury, New York, a suburban town in Nassau County with a population of just over 15,000. She lives in a studio in a sublet single-family home with her husband, who is also undocumented, and their 8-year-old daughter who was born in the United States.
Now, in the aftermath of the presidential election, Casimiro is anxious. Westbury is 11 miles from Queens, which means 11 miles from the protections that a so-called "sanctuary city" offers undocumented immigrants.
"We’ve never really considered moving to the city because we have jobs here and we feel as if we’re a part of the community," Casimiro said. "But it does sometimes cross our minds because of what could happen after January 20."
She knows that New York City would provide better public services for her and her family. "You can feel safer over there," she said, "especially after I heard Mayor (Bill) De Blasio say he would defend all New Yorkers, regardless of their immigration situation."
Living in the middle-class suburbs comes with a number of everyday difficulties, like limited transportation, scant social programs and high cost of living. Now, Casimiro feels even more vulnerable, anxious over the president-elect’s campaign threat to deport millions of undocumented immigrants. She also lives in fear that Trump’s anti-immigration policies may leave her son without the benefits of DACA (Deferred Action for Childhood Arrivals), a type of administrative relief from deportation created during the Obama administration.
Since the election, she's perceived a change in the way people in the community look at her. "I have noticed some disapproving looks that left me with a bad taste," she said. "In Westbury, there are more Latinos than in other parts of the island and you feel safer. But I still feel afraid of going to some stores alone."
She and her family know that Westbury law enforcement has collaborated with the U.S. Immigration and Customs Enforcement (ICE) in the past. That's why the family generally avoids any type of conflict and rarely goes out at night.
Once, Casimiro had an incident while cleaning a house in the area, which left her shaken.
"I was taking the trash out ... and the alarm went off in the neighbor’s home," she said. "The police cornered me and asked me lots of questions. They asked for my ID. I wish I had one of those IDs they give out in New York. I told them I didn’t have it on me because the owner had brought me in her car. Luckily, the babysitter, who speaks good English, came and intervened on my behalf."
In 2014, the Nassau Sheriff’s Department ceased cooperation with ICE and stopped holding immigrants in jail for longer than allowed by law. The Sheriff’s Department also adopted a set of recommendations, such as that agents not ask anyone about their immigration status.
The organization Make The Road New York explains the difference between living in a city or the suburbs. "The very structure of a city offers more protection because of the existence of public transportation, a more dense population and lots of diversity," organizer Natalia Aristizabal said. "The mere fact of being surrounded by neighbors in an apartment building makes people feel safer than living in an isolated house."
New York City offers access to social programs and diverse community centers. A policy, passed last year, states that municipal IDs can be used as official identification and to open bank accounts. There are also a number of reliable lawyers for low-income people at risk of being deported.
Legislation also exists in New York that prohibits the Department of Corrections from sharing information about any prisoner with ICE before sentencing. Nor can other law enforcement agencies provide the federal government with any information about the immigration status of New Yorkers.
These protections disappear outside the boundaries of the five boroughs. And Long Island’s geography does not help. Immigrants usually own a car because of the lack of public transport, but driving without a license creates risk. "The racial profiling techniques used in the past to intercept a Latino in a vehicle and automatically report their immigration status are well known," said Walter Barrientos, the lead organizer for Make the Road New York in Long Island. "In some places, measures have been taken to control these actions, but not so much in Nassau."
Scattered infrastructure and lack of diversity facilitate more discrimination. "This isn’t Manhattan," Barrientos said. "It’s really easy to see who does and who doesn’t have papers here. It’s those who drive old cars or are walking towards the train station."
Nassau’s Police Department reported 32 hate crimes in 2015. The department also reports an uptick in these types of attacks since the election. "Over the last few months, our people have clearly seen how there are people who are incorrigible when it comes to expressing who they do not want in their neighborhoods," Barrientos said.
In Nassau, legal advice for immigrants is almost non-existent. So it's difficult to explain, for instance, that pleading guilty to a traffic violation could affect an immigration process. "Any problem with the justice system opens a door to deportation. This is the biggest fear of our community: that Trump’s promise to deport all immigrants with a criminal history may come true."
Ana Maria Archila, co-executive director of the Center for Popular Democracy, said it is important now to find creative ways to defend people against a Trump administration that "seeks to fulfill their promise of harassing immigrants." This includes establishing a network of allies within the community who are "willing to turn their homes into 'sanctuaries' where people can stay and feel safe," she said.
In the meantime, Norma Casimiro waits. In nearly 20 years of living in the United States, she has never felt so insecure about her future and the future of her children. "All we can do is fight so that our voices are heard," she said. "And hope that someday we will enjoy the same protections as those in New York City."
By MARÍA F. BLANCO
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New initiative Opioid Network lobbies legislators
Standing in the marble-floored hallway of a U.S. Senate building, Don LoGiudice of Boardman recalled the morning he found his son, Donny, dead from a drug overdose.
...
Standing in the marble-floored hallway of a U.S. Senate building, Don LoGiudice of Boardman recalled the morning he found his son, Donny, dead from a drug overdose.
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Chicago teachers go on first-ever charter school strike, demanding more pay, educational resources
Chicago teachers go on first-ever charter school strike, demanding more pay, educational resources
“But even with such support, many charter schools are struggling due to little public oversight. In Illinois, the Education Department found in 2010 that the state “has no system in place for [...
“But even with such support, many charter schools are struggling due to little public oversight. In Illinois, the Education Department found in 2010 that the state “has no system in place for [monitoring charter schools].” According to research by the Center for Popular Democracy and Action Now, by early 2015, Illinois had seen $13.1 million in fraud by charter school officials, with total fraud estimated at more than $27 million in 2014 alone.
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Regional Feds' head-hunting under scrutiny over insider bias, delays
Efforts to fill top positions at some U.S. Federal Reserve regional branches are casting a spotlight on a decades-old process that critics say is opaque, favors insiders, and is ripe for reform....
Efforts to fill top positions at some U.S. Federal Reserve regional branches are casting a spotlight on a decades-old process that critics say is opaque, favors insiders, and is ripe for reform.
Patrick Harker took the reins as president of the Philadelphia Fed this week, in an appointment that attracted scrutiny because he served on the committee of directors that interviewed other prospective candidates for the job he ultimately took.
The Dallas Fed has been without a permanent president for more than three months as that search process stretches well into its eighth month. And the Fed's Minneapolis branch abruptly announced the departure of its leader, Narayana Kocherlakota, more than a year before he was due to go, with no replacement named to date.
The delays and reliance on Fed employees in picking regional Fed presidents can only embolden Republican Senator Richard Shelby to push harder for a makeover of the central bank's structure, which has changed little in its 101 years.
A bill passed in May by the Senate Banking Committee that Shelby chairs would strip the New York Fed's board of its power to appoint its presidents. And it could go further, given the bill would form a committee to consider a wholesale overhaul of the Fed's structure of 12 districts, which has not changed through the decades of shifting U.S. populations and an evolving economy.
The bill is part of a broader conservative effort to expose the central bank to more oversight, and some analysts saw the Philadelphia Fed's choice as reinforcing the view that the Fed needs to open up more to outsiders.
Nine of 11 current regional presidents came from within the Fed, a proportion that has edged up over time. Twenty years ago, seven of 12 were insiders.
"The process seems to create a diverse set of candidates in which the insider is almost always accepted," said Aaron Klein, director of a financial regulatory reform effort at the Bipartisan Policy Center.
Since it was created in 1913, the central bank's decentralized structure was meant to check the power of Washington, where seven Fed governors with permanent votes on policy are appointed by the White House and approved by the Senate.
The 12 Fed presidents who are picked by their regional boards usually vote on policy every two or three years, and they tend to hold more diverse views.
Former Richmond Fed President Alfred Broaddus told Reuters the regional Fed chiefs have more freedom "to do and say things that may not be politically popular" because they are not politically appointed. "On the other hand, there is the question of legitimacy since they are appointed by local boards who are not elected."
"TONE DEAF"
Two-thirds of regional Fed directors are selected by local bankers, while the rest are appointed by the Fed's Board of Governors in Washington.
Critics question how well those regional boards - mostly made of the heads of corporations and industry groups meant to represent the public - fulfill their mission.
Last year, a non-profit group representing labor unions and community leaders organized by the Center for Popular Democracy, urged the Fed's Philadelphia and Dallas branches to make the selection of their presidents more transparent and to include a member of the public in the effort.
Philadelphia's Fed in particular proved "tone deaf" in its head-hunting effort, said Lou Crandall, chief economist at Wrightson ICAP in Jersey City, New Jersey.
Harker was a Philadelphia Fed director when the board started looking to replace president Charles Plosser, who left on March 1, and he was among the six directors who interviewed more than a dozen short-listed candidates for the job, according to the Philadelphia Fed.
But on Feb. 18, Harker floated his own name, recused himself from the process and a week later his colleagues on the board unanimously appointed him as the new president.
While the selection follows Fed guidelines and was approved by its Board of Governors, it raised questions of transparency and fairness.
"The Philadelphia Fed's search process might have made perfect sense in a corporate environment, but is obviously problematic for an official institution," said Crandall.
The board's chair and vice chair, Swathmore Group founder James Nevels and Michael Angelakis of Comcast Corp, respectively, declined to comment, as did Harker.
Peter Conti-Brown, an academic fellow at Stanford Law School's Rock Center for Corporate Governance, and an expert witness at a Senate Banking Committee hearing this year, proposed to let the Fed Board appoint and fire regional Fed presidents or at least have a say in the selection process.
In the past, reform proposals for the 12 regional Fed banks have focused on decreasing or increasing their number and their governance.
Changes to the way the regional Fed bosses are chosen could strengthen the influence of lawmakers at the expense of regional interests.
For now, delays in appointments of new chiefs force regional banks to send relatively unknown deputies to debate monetary policy at meetings in Washington, as Dallas and Philadelphia did last month when the Fed considered raising interest rates for the first time in nearly a decade.
The Minneapolis Fed still has time to find a new president before Kocherlakota steps down at year end.
"For now the Fed criticism is just noise, mostly from Republicans," said Greg Valliere, chief political strategist at Potomac Research Group. "But once the Fed begins to raise interest rates ... then the left will weigh in as well."
(Additional reporting Ann Saphir in San Francisco; Editing by Tomasz Janowski)
Source: Reuters
New York City's Undocumented Immigrants Will Get Municipal IDs, Says Mayor De Blasio
Huffington Post - February 10, 2014 - New York City's undocumented immigrants will soon be able to obtain municipal ID cards, Mayor Bill de Blasio announced Monday.
"We will protect the...
Huffington Post - February 10, 2014 - New York City's undocumented immigrants will soon be able to obtain municipal ID cards, Mayor Bill de Blasio announced Monday.
"We will protect the almost half-million undocumented New Yorkers, whose voices too often go unheard," the mayor said during his first State of the City speech. "We will reach out to all New Yorkers, regardless of immigration status -- issuing municipal ID cards available to all New Yorkers this year -- so that no daughter or son of our city goes without bank accounts, leases, library cards… simply because they lack identification. To all of my fellow New Yorkers who are undocumented, I say: New York City is your home too, and we will not force ANY of our residents to live their lives in the shadows."
"La ciudad de Nueva York es el hogar de todos los que vivimos aqui. No dejaremos que ninguno de nuestros residentes viva en las sombras," de Blasio repeated in Spanish, a nod to the city's large Latino population.
A source in the mayor's office told Spanish-language El Diario la Prensa on Monday that de Blasio will officially submit the proposal soon.
The city ID card would not operate as a driver's license, nor would it be accepted as a form of identification by federal agencies.
It does fulfill one of de Blasio's many campaign promises. "These identification cards will also help foster better relations between the police and undocumented people, who often choose not to report crimes out of fear they may be deported," reads a section of de Blasio's campaign website from last year. "In New Haven, Connecticut -- which offers a municipal ID to undocumented people -- crime in the largely-immigrant Fair Haven community declined 20 percent in the two years after the IDs were introduced, even as crime-reporting increased."
City Council Speaker Melissa Mark-Viverito told Politicker she has “full confidence” that “a universal ID will become a reality as soon as possible.”
Ten other cities across the country including San Francisco, Trenton, and Washington, D.C. have already created their own municipal ID programs.
New York State Senators Adriano Espaillat (D) and Jose Peralta (D), both of New York City, expressed support for de Blasio's proposal in a joint statement. They also took the opportunity to advance another cause: allowing immigrants to apply for drivers licenses. From the statement:
"...it is unacceptable that hardworking immigrants are made to break the law in order to commute to work or take their kids to school," they wrote. "Providing undocumented immigrants the opportunity to obtain drivers licenses will ensure that all New York drivers are properly credentialed, educated and operating registered, inspected and insured vehicles, making our roads safer and benefiting all New Yorkers."
De Blasio himself has previously supported allowing undocumented immigrants in New York to apply for driver's licenses.
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Adovates for Reading ID cards vow to continue their efforts
Despite collective agreement by city officials, activists say the fight for creating a Reading city ID is nowhere near over.
Make The Road Pennsylvania, a community action group leading the...
Despite collective agreement by city officials, activists say the fight for creating a Reading city ID is nowhere near over.
Make The Road Pennsylvania, a community action group leading the effort for municipal IDs, filled its Reading headquarters Thursday evening with people resolved to continue pushing for the initiative.
Reading City Council members and Mayor Wally Scott said Monday night that they would not pursue an ordinance setting up a program.
Make The Road submitted a draft ordinance for the creation of a city ID in May.
The IDs would help make everyday life easier for the elderly, undocumented immigrants, some Puerto Ricans and others who face hurdles getting ID, Make The Road says.
City officials cited several concerns about the draft ordinance, including the legality and costs of a program.
Make The Road organizers countered some of those reasons Thursday by naming 13 municipalities around the country that have already approved local IDs.
They also presented their own cost-analysis of the program which, under the group's estimates of an ID with a $30 price tag, would bring in about $130,000 for the city.
Gabriela Raful, president of the Berks County Bar Association Minority Law Committee, and Bernardo Carbajal and Abraham Cepeda, attorneys and Reading School Board members, also spoke with ID supporters.
The local bar association's board of directors endorsed the creation of a city ID Tuesday, but did not specifically endorse Make The Road's draft ordinance.
Though activists are determined, City Council President Jeffrey S. Waltman Sr. said Thursday afternoon that he doesn't think council will revisit the idea anytime soon.
"The bottom line is I don't foresee City Council taking the issue up in the near future," he said. "It deals with federal issues and with our city and our resources, we have to be focused on getting out of Act 47."
Waltman also said the draft ordinance would have to be significantly altered or completely rewritten for council to even remotely consider it.
At the council's meeting Monday, leaders expressed opposition to a stipulation in the ordinance that states the city would not be able to share cardholder information with federal authorities, such as Immigration & Customs Enforcement.
Scott did not return calls requesting comment Thursday, but expressed strong opposition at the council meeting to aspects in the draft ordinance, including the prohibition on information-sharing.
He had also questioned the constitutionality of the draft ordinance, an argument that Make The Road countered Thursday.
The Center For Popular Democracy, a social issues advocacy group based in Washington, helped craft the ordinance.
Emily Tucker, a senior staff attorney specializing in immigration law, said Thursday that in the other cities where similar legislation was introduced and passed, such as New York City and Newark, N.J., there had been no concerns from local officials about limits on information sharing.
Waltman said that the decision to not pursue the IDs is not to slight city residents, but that creating a municipal ID is an effort that the city cannot presently handle or is responsible to undertake.
Cepeda said city officials should not ignore an issue that he feels would be very beneficial to the Latino community.
"It shows that they either have an issue with the people they represent or they are clueless," Cepeda said.
By ANTHONY OROZCO
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Yellen Meets With Activists Seeking Fed Reforms
ABC News - November 14, 2014, by Martin Crutsinger - A coalition of community groups and labor unions are "fed up" with the Federal Reserve.
More than two dozen activists demonstrated...
ABC News - November 14, 2014, by Martin Crutsinger - A coalition of community groups and labor unions are "fed up" with the Federal Reserve.
More than two dozen activists demonstrated outside the Fed and then met with Chair Janet Yellen on Friday as part of a new campaign seeking policy reforms and a commitment to keep interest rates low until good jobs are plentiful for all workers. Although the labor market has steadily strengthened this year, wages have remained stagnant.
During the hour-long discussion with Yellen and three other Fed board members, coalition representatives discussed problems their communities were facing with high unemployment and weak wage growth.
Ady Barkan, one of the organizers of "Fed Up: The National Campaign for a Strong Economy," said Yellen and the other Fed officials listened but made no commitments about future Fed policy.
"It was a very good conversation," said Barkan, an attorney with the Center for Popular Democracy in Brooklyn. "They listened very intently, and they asked meaningful follow-up questions."
Fed officials confirmed that the meeting took place but declined to comment on the issues raised at the meeting.
The Fed's outreach to community activists was the latest move by Yellen to focus attention on lingering problems from the Great Recession. Wearing green tee-shirts with the phrase "What Recovery?" the group had protested outside of the Fed's headquarters on Constitution Avenue under the watchful eye of nine Fed security officers.
Members of the group, some of whom had demonstrated at a central bank gathering in August in Jackson Hole, Wyoming said it was important that Fed officials not be swayed by arguments that it needs to move quickly to raise interest rates to make sure inflation does not become a threat.
"The banks are the ones that crashed the economy ... but they're the ones who got the bonuses and the bailouts while workers and homeowners like me were left to drown," said Jean Andre, 48, of New York, who said he was having a tough time finding full-time work.
In addition to Yellen, the Fed officials who took part in the meeting were Fed Vice Chairman Stanley Fischer and Fed board members Jerome Powell and Lael Brainard.
Members of the coalition said about half of the meeting was taken up by their members telling stories about the difficulty in finding jobs, particularly in disadvantaged groups and communities dealing with unemployment much higher than the 5.8 percent national average.
The Fed officials also were presented a petition signed by 5,000 people around the country urging the central bank to keep interest rates low until the country reaches full employment.
The group also pushed for a more open process in the selection of presidents of the Fed's 12 regional banks. They say the current process is too secretive and dominated by officials from banks and other businesses with little input from the public. The regional presidents, along with Fed board members in Washington, participate in the deliberations to set interest rates.
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Hurricane Maria vigil on track in Hartford
Despite confusion over permits, police and city officials say they’re working with two local community groups to help them hold a march and vigil Thursday to commemorate the one-year anniversary...
Despite confusion over permits, police and city officials say they’re working with two local community groups to help them hold a march and vigil Thursday to commemorate the one-year anniversary of Hurricane Maria.
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Toys ‘R’ Us Workers Face Harsh Reality in Quest for Severance
Toys ‘R’ Us Workers Face Harsh Reality in Quest for Severance
“Historically, Toys “R” Us has offered generous severance to workers, which is part of why it should be forced to offer payments to workers now," said Carrie Gleason, campaign manager for the...
“Historically, Toys “R” Us has offered generous severance to workers, which is part of why it should be forced to offer payments to workers now," said Carrie Gleason, campaign manager for the worker advocacy group Rise Up Retail. That group helped organize a petition calling for Bain, KKR, and Vornado to give the $470 million they had received in interest and fees from the retailer over the years to employees that were let go after the company foundered. KKR told Congress earlier this month it was seeking a way to help former Toys “R” Us employees outside of bankruptcy.
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