Fed Should “Freeze Interest Rates, Involve Citizens” Says Neighborhoods Organizing For Change
The Uptake - March 10, 2015, by Bill Sorem - Not everybody is benefiting equally from the economic recovery. A new report shows in Minnesota blacks are suffering disproportionally to whites when...
The Uptake - March 10, 2015, by Bill Sorem - Not everybody is benefiting equally from the economic recovery. A new report shows in Minnesota blacks are suffering disproportionally to whites when it comes to employment.
Anthony Newby, Executive Director of Neighborhoods Organizing for Change (NOC), delivered a report of about the current economic state of people of color in Minnesota and specifically the current and possible role of the Federal Reserve Bank. The new report from the Center for Popular Democracy says since 2000, wages in Minnesota have declined by 4.5%, current unemployment rate for blacks is 10.9% vs a white rate of 2.8%.
This is the link to the full report “Wall Street, Main Street, and Martin Luther King Jr. Boulevard: Why African Americans Must Not Be Left Out of the Federal Reserve’s Full-Employment Mandate”
Newby argues that the Fed in addition to controlling interest rates, can control the rate of unemployment. He and Rev. Paul Slack, ISIAH President, ask that interest rates be kept at the current levels and that the Fed work to reduce unemployment.
Why there is a Federal Reserve
The nation’s central bank, the Federal Reserve, was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics. There had been strong resistance to a central bank since the founding of the nation. The Fed was given the power to print money, establish bank interest rates and a number of sweeping powers. It is an independent entity within government, ownership of each of the 12 banks is claimed be the member banks, but the actual fiscal ownership is obscure. The ability to print money and loan it to the government is at the heart of its power and for many, a controversial power. President Kennedy challenged the authority of the Fed with Executive Order 11110, June 4, 1963 and he attempted to eliminate our current paper money, the Federal Reserve Note replacing it with US Notes. He did not succeed.
Newby further requested more transparency in the actions of the Fed and asked for more ordinary citizen participation. The current president of the Federal Reserve Bank of Minneapolis, Narayana Kocherlakota, has indicated a willingness to keep interest rates low and to move towards more citizen participation in the actions of the Fed. However, he retires in a year. Newby would like citizens to have input on his successor.
Rev. Slack asked for justice and compassion in the Fed policies, in part to undo past unfair actions.
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Jenkins says Trump coming to West Virginia’s Greenbrier
Jenkins says Trump coming to West Virginia’s Greenbrier
Protest organizers, including the Center for Popular Democracy, say they expect more than 500 people from several states to show up and demonstrate against cuts in social safety net programs....
Protest organizers, including the Center for Popular Democracy, say they expect more than 500 people from several states to show up and demonstrate against cuts in social safety net programs.
Read the full article here.
Sawant Effort to Bypass Voters on Hotel Workers Initiative Fails
Sawant Effort to Bypass Voters on Hotel Workers Initiative Fails
1. City council member Kshama Sawant tried to pass a last-minute motion at yesterday’s full council meeting to “release the clerk file” on the hotel workers’ union initiative I-124, an initiative...
1. City council member Kshama Sawant tried to pass a last-minute motion at yesterday’s full council meeting to “release the clerk file” on the hotel workers’ union initiative I-124, an initiative that mandates protections against sexual harassment of hotel housekeepers, workers who are predominantly women. (The initiative also seeks to improve workers’ health care coverage and protect unionized workers when their hotel changes ownership.)
Unite HERE Local 8, the hotel workers’ union that collected signatures for the measure, turned in more than 32,000 signatures last week, giving them more than enough to qualify for the ballot.
The council has until early August to send the initiative to the November ballot, and they planned to vote on it on next Monday July 25. By law, the council has three options when considering an initiative: they can send it to the voters, they can send it to the voters with an alternative, or they can simply approve the law themselves. However, they only have the option of approving a citizens’ initiative as law themselves one week after its introduced. In other words, they don’t have that option on July 25 when the the measure will be formally introduced. They could, however, approve it in its own right at the following full council meeting on Monday, August 2.
Sawant’s procedural move would have created the one week window, allowing the council to simply adopt the measure as an ordinance in its own right at the July 25 vote—something that would have saved the union an expensive fight at the ballot box fight.
Sawant said the law “was straight forward” and since “hotel workers have a hard life in general…I don’t think they need to spend the next several months” on a ballot fight.
Council members clearly weren’t comfortable approving a ballot measure in its own right without a comprehensive vetting and public process, something they don’t believe they can do in one or two weeks, and so, are likely, next week, to simply send the measure to the ballot next Monday.
Sawant’s motion failed 6-2 (Sally Bagshaw, Tim Burgess, Bruce Harrell, Lisa Herbold, Rob Johnson, and Mike O’Brien voted no) and Debora Juarez voted with Sawant.
Juarez made it clear that she simply seconded Sawant’s resolution to make it possible to vote on the law itself on next week and not necessarily to indicate that she supported bypassing voters. Sawant said the law “was straight forward” and since “hotel workers have a hard life in general…I don’t think they need to spend the next several months” on a ballot fight.
2. A new study on unpredictable work schedules called “Scheduling Away our Health” found that:
Hourly workers who received one week or less notice of their schedules are more likely to report their health as poor or fair (rather than good or excellent) than workers with more advance notice. About 20 percent of those receiving one week or less of schedule notice reported poor or fair health, compared to about 12 percent-13 percent for workers with more notice.
The study was done by a health care group called Human Impact Partners in conjunction with lefty group The Center for Popular Democracy.
Local group Working Washington is pushing the city council to pass a “secured scheduling” ordinance that would make employers give workers two weeks notice on schedules.
By JOSH FEIT
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‘A Declaration of War on Immigrants’: Reactions to Trump’s DACA Decision
‘A Declaration of War on Immigrants’: Reactions to Trump’s DACA Decision
The Trump administration announced on Tuesday that it would stop issuing permits under the Obama era Deferred Action for Childhood Arrivals program, or DACA and renew existing permits only over...
The Trump administration announced on Tuesday that it would stop issuing permits under the Obama era Deferred Action for Childhood Arrivals program, or DACA and renew existing permits only over the next six months to give Congress a short window to come up with a replacement program. Here is a sampling of the reaction.
Read the full article here.
Warren leads crusade for diversity at Fed
“I’m judging John Williams based on the last several years of him being wrong about the levels of maximum employment and pushing for additional [interest rate hikes] prematurely because that...
“I’m judging John Williams based on the last several years of him being wrong about the levels of maximum employment and pushing for additional [interest rate hikes] prematurely because that mistake puts millions of jobs at risk,” said Shawn Sebastian, who co-leads the Fed Up coalition comprising advocacy groups and unions.
Read the full article here.
New Orleans experience a warning to Texas
Behind Frenemy Lines - May 10, 2014, by Jason Stanford - This is a typical day for Greg Abbott’s gubernatorial bid: He goes into the office, screws up his own campaign and goes home. If it weren’t...
Behind Frenemy Lines - May 10, 2014, by Jason Stanford - This is a typical day for Greg Abbott’s gubernatorial bid: He goes into the office, screws up his own campaign and goes home. If it weren’t for his mistakes—Ted Nugent, thanking a supporter who called Wendy Davis “retard Barbie”, calling South Texas a “Third-World Country”, and his bungled opposition to equal pay come to mind—Abbott would seem to have no campaign at all. But it’s when you separate the wheat from the gaffe on education that Abbott’s campaign looks like a disaster waiting to happen.
The negative coverage of Abbott’s education plan—and boy howdy has there been a lot—is focused on Abbott’s mistakes. His education plan cites Charles Murray, whose retrograde views on race and gender got him called a “White Nationalist” by the Southern Poverty Law Center. On page 20, his plan calls for “standardized tests” in pre-K. As a dodge, his campaign spokesmanclaimed that was in the plan “for informational purposes only.” And then he cancels campaign events at public schools when the Davis campaign points out that the schools are suing him over funding cuts.
But behind this façade of denials, backpedaling, and obliviousness sits the luckiest man in American politics, because almost no one has bothered to discuss his idea to create “takeover districts” for low-performing schools. He has reportedly modeled his plan on the privatization reforms in New Orleans.
That last bit should scare you. Education reformers—that is, those who think private charters would do better than public schools at educating poor children—call the Recovery School District in New Orleans a success. If the RSD is a success, I’m the third baseman for the Baltimore Orioles. No matter how much I wish that to be true, the facts say otherwise. Here’s why:
No one argues that schools in New Orleans were turning out Harvard scholars by the boatload, so the legislature created the RSD, a takeover district as Abbott has conceived. Davis also supports recovery districts, but Abbott likes the New Orleans model in which “failing” schools would be run by private charters that promised to get the schools shipshape and back into the public school system within five years.
Before taking a look at the results, we must first figure out what “failure” means, because they keep moving that target. RSD used to takeover any school that failed to get a passing score of 60 on the state performance index. After Katrina, the legislature changed that to allow RSD to scoop up any school that fell short of the state’s 87.4 average. The New Orleans private charter district took over 94 schools, 26 of which met the old passing standard. The state redefined failure to mean below average so more schools could get privatized.
Almost a decade later, the takeover district in New Orleans has failed to turn around even one school, so “improvement” became the new goal. Not one school has received an “A” or even a “B” grade. In fact, RSD stopped disclosing the grades their schools received, preferring to publicize percentages of improvement without disclosing the underlying data or that they were cherry-picking the data every year, making it impossible to honestly chart progress. By their original standards, though, all the RSD schools are still failing.
Remember, Louisiana was throwing millions of tax dollars at what were essentially startup small businesses. Fraud and bankruptcy are commonplace, and if you think that’s confined to New Orleans, think again.
Integrity in Education and the Center for Popular Democracy looked at 15 states that have charter schools, one of which was Texas and found “rampant fraud, waste and abuse,” according to a report released last week. The two groups found numerous cases of embezzlement, misuse of tax dollars, child endangerment, bilking taxpayers for services not rendered, inflated enrollment numbers, and general mismanagement. Private charters are running schools like a business. Unfortunately, that business is Wall Street.
It’s never the schools in the wealthy neighborhoods that get taken over. On average, poor children score worse than their wealthier peers. We have always known that, but we cannot get poor children to achieve in school simply by insisting they act like wealthy children.
Now Abbott is using the false dogma of education reform as cover to give up on public schools. Giving up on public schools will not fix public schools, but if Abbott becomes governor, he’ll go into the office every morning, screw up public schools, and go home.
Don’t say you weren’t warned.
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Amid Heightened Tension, Advocates Push Cuomo to Veto Police Discipline Bill
A day after a Staten Island grand jury declined to indict NYPD officer Daniel Pantaleo in the chokehold death of Eric Garner, Gov. Andrew Cuomo and Assembly Speaker Sheldon Silver, two of most...
A day after a Staten Island grand jury declined to indict NYPD officer Daniel Pantaleo in the chokehold death of Eric Garner, Gov. Andrew Cuomo and Assembly Speaker Sheldon Silver, two of most powerful men in the state, said they are interested in passing major criminal justice reforms during next year's legislative session.
There is no need to wait that long to take significant action, says a coalition of groups operating under the banner "This Stops Today" (after words spoken by Eric Garner shortly before his death), that includes Communities United For Police Reform, Center for Popular Democracy, Make the Road NY and the NYCLU, among others. The coalition and other advocates are calling on Cuomo to veto a bill passed in both houses of the Legislature that would allow the rules for police disciplinary action to be decided in collective bargaining with unions rather than by elected officials.
The bill, S7801/A9853, and Cuomo's veto of it, is a major platform item for those involved in action across New York City in response to the grand jury decision. For a second straight night on Thursday, protesters flooded streets, chanting, shutting down major roadways and staging 'die-ins.' The bill passed overwhelmingly in the Senate and Assembly. The only votes against in the Senate came from Sens. Liz Krueger and James Seward.
On Thursday, Gov. Cuomo told Susan Arbetter on The Capitol Pressroom that he wants to look at reforming police training and the grand jury system, and at instituting body cameras for police across the state. "I think long term this is something we have to look at this session," Cuomo said. "I think we need a comprehensive look."
Speaker Silver issued a statement saying he is committed to "working with Governor Cuomo, my colleagues in the Legislature, Mayor de Blasio and with law enforcement to improve the manner in which we police our streets and to restore the people's faith in our legal system."
Neither Cuomo nor Silver discussed the police conduct bill. The governor's office did not return a request for comment for this story.
New York City Council members including Brad Lander and Jumaane Williams have also called on Cuomo to veto the bill. "If signed into law, this bill would severely undermine the City's ability to hold police officers accountable for their actions," said the two in an August statement.
"The Council Member and many of his progressive colleagues are on record calling on the Governor to veto the bill. The need for strong civilian oversight of police discipline is more important now than ever," a representative from Lander's office told Gotham Gazette on Thursday.
The legislation has been pushed through the Legislature with the support of law enforcement unions only to be vetoed by Govs. David Paterson, Eliot Spitzer, George Pataki, and Mario Cuomo.
The Brooklyn NAACP is asking constituents to call and write to Cuomo to urge his veto. "This bill would strip local public officials of disciplinary authority over the police officers they employ, which would have a detrimental impact on the accountability of local police departments, and thus safety and public confidence in the police," reads the form letter offered by the group.
Cuomo did not veto any legislation before Election Day this year, but has used some controversial vetoes since.
The state's Court of Appeals ruled once in 2006 and once in 2012 that police discipline should be left in the hands of public officials and not determined during collective bargaining with unions.
"Police officers – who put themselves in harm's way for the sake of public safety – have the right to fair treatment and due process," reads the August statement from Lander and Williams, who co-authored the controversial NYPD-related Community Safety Act which passed in 2013 over a veto by then-Mayor Michael Bloomberg. "At the same time the authority to investigate police misconduct, and pursue discipline when appropriate, must be held by government officials who are accountable to the public. As we saw just last week in the police union press conference blaming Eric Garner for his own death, the unions' inclination is to protect their members at all costs."
Source: Gotham Gazette
Dimon Says He'll Look Into Concerns About Private Prison Financing
Dimon Says He'll Look Into Concerns About Private Prison Financing
Jamie Dimon said JPMorgan Chase & Co. will look into investors’ concerns about whether the bank should continue to help finance private prisons.
The chief executive officer came under...
Jamie Dimon said JPMorgan Chase & Co. will look into investors’ concerns about whether the bank should continue to help finance private prisons.
The chief executive officer came under fire Tuesday at the company’s annual meeting for the bank’s role in financing debt for companies including the Geo Group Inc. and CoreCivic Inc., which operate privately-owned prisons and immigrant detention centers. Some investors and protesters urged JPMorgan to end its relationship with such firms, arguing that they make money off human suffering and violate immigrants’ rights.
Read the full article here.
Time to have another discussion on the race problem
Many years ago, I was fortunate to take a black history class at University of Dayton. In that era, we were referred to as black. The one thing I remember is that the black female teacher kept...
Many years ago, I was fortunate to take a black history class at University of Dayton. In that era, we were referred to as black. The one thing I remember is that the black female teacher kept telling her students, “There is no racial problem in the USA, there is an economic problem.”
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Why I Let D.C. Cops Drag My Body out of the Capitol
"Why don't you spend more money on health care instead of ugly, fake Colonial furniture for Senate offices!"
That's just one of the things I remember yelling on Thursday, July 10, as I sat...
"Why don't you spend more money on health care instead of ugly, fake Colonial furniture for Senate offices!"
That's just one of the things I remember yelling on Thursday, July 10, as I sat on the floor outside the office of Lamar Alexander, Republican senator from Tennessee, in the District of Columbia's Dirksen Senate Office Building, waiting for the D.C. Capitol police, about a dozen of whom had assembled, to carry me away.
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2 months ago
2 months ago