Nina Tassler, Denise Di Novi Launch Independent Studio for the Time's Up Era
Nina Tassler, Denise Di Novi Launch Independent Studio for the Time's Up Era
PatMa has already forged strategic partnerships with several organizations with shared common values, including the...
PatMa has already forged strategic partnerships with several organizations with shared common values, including the Geena Davis Institute on Gender in Media, Center for Popular Democracy and Planned Parenthood. The studio, whose formation was orchestrated by CAA, Evolution Media and top attorney Cliff Gilbert-Lurie, is designed to create content across platforms, including film and TV, theater, and publishing.
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Fed May Face Makeover Whether Trump or Clinton Wins White House
Fed May Face Makeover Whether Trump or Clinton Wins White House
The Federal Reserve may be headed for a shakeup regardless of who wins the 2016 election, though Hillary Clinton is...
The Federal Reserve may be headed for a shakeup regardless of who wins the 2016 election, though Hillary Clinton is seen as less likely to demand radical change than Donald Trump.
Clinton, a Democrat, has called for greater diversity at the U.S. central bank, while defending the practice of recent U.S. presidents from both parties of not commenting on monetary policy. Trump has been vague on how the Fed should change, but has spurned the tradition of respecting its monetary policy independence. The Republican nominee has slammed it for keeping interest rates low, which he claims is designed to help cement President Barack Obama’s legacy.
Trump has already suggested that if he won the White House, he’d probably nominate someone else to lead the Fed once Chair Janet Yellen’s term expires in 2018. That creates “uncertainty as to who would be the nomination,” said Michelle Meyer, head of U.S. economics at Bank of America Corp. in New York. Clinton, on the other hand, would be less inclined to overhaul the 103-year-old institution. “I think she’d keep the Fed status quo.”
Lawmakers from both sides of the aisle have proposed legislation in recent years to limit the central bank’s authority, including a monetary policy audit for which Trump has voiced approval. Tweaking the Fed legislatively would require either bipartisan support in Congress or one party sweeping the election on Nov. 8 so that it commands both the House and Senate and can bulldoze through its reforms.
Obvious Change
That means the most obvious change facing the policy-setting Federal Open Market Committee will come through the traditional power of presidential appointment. Both Yellen and Fed Vice Chairman Stanley Fischer will see their terms expire in 2018, and there are two existing vacancies on the seven-member Fed Board in Washington.
“I would think for Trump, you’re looking much more outside the box, at successful corporate raiders, successful hedge fund managers, people he may have had business relationships with,” said Aaron Klein, an economic studies fellow at the Brookings Institution in Washington and a Clinton supporter. While he declined to speculate on who Clinton would choose for Fed chair, he said that should she win “you’ll tend to see more continuity at the Federal Reserve.”
Any appointment will be subject to Senate confirmation, creating a potential check. Meyer and her colleagues at Bank of America wrote in a Sept. 29 note that “the biggest risk for change comes under a Republican sweep,” which would potentially pave a way for Trump appointments in the Senate.
There’s some speculation that changes to Fed leadership could come even earlier than 2018. Paul Ashworth, chief U.S. economist at Capital Economics in Toronto, said Yellen could resign if Trump were elected. Morgan Stanley strategists included a Yellen resignation as a possible post-election outcome in their election briefing earlier this year, though they rated it low-probability.
An abrupt departure would set a "bad precedent" and is unlikely, said Joseph Gagnon, a senior fellow at the Peterson Institute in Washington and a former senior Fed economist.
“I don’t think she’d want to encourage that,” he said.
Annual Audit
Though legislative changes to the Fed will be harder to achieve, the 2016 Republican platform includes a plan to implement an annual audit of Fed activities and create a commission to “investigate ways to set a fixed value for the dollar.”
While Trump hasn’t explicitly endorsed the return to a system that backs the U.S. dollar with gold, his economic adviser Judy Shelton wrote in a Financial Times column on Sept. 28 that his running mate, Mike Pence, has urged a rethink of the international currency system and Trump has nodded toward the possibility.
“As Mr. Trump often urges: It is time to start thinking big once again,” Shelton wrote.
Economists agree that the gold standard is a failed and impractical system, and it would “take a Herculean effort of international coordination” to re-institute a metal-base for the currency, said Peter Conti-Brown, an assistant professor at the Wharton School of the University of Pennsylvania. It’s pretty improbable that Trump would try to reinstate it, he said.
‘More Representative’
If Clinton is elected, a different set of changes could be in store for the central bank.
The Democratic platform promises to protect Fed independence to carry out its dual mandate -- for low inflation and full employment -- against threats from new legislation. But it also said it would ensure bank executives don’t serve on regional Fed boards, and to “reform the Federal Reserve to make it more representative of America as a whole.”
The U.S. central bank consists of a Board of Governors in Washington and 12 regional branches.
“If Hillary Clinton is elected, there’s going to be widespread interest among members of the House and Senate in pursuing, at minimum, the aspects of Fed reform that are included in the Democratic Platform,” said Jordan Haedtler, one of the leaders of Fed Up, a progressive, grass-roots campaign aimed at reforming the central bank.
‘Long Overdue’
Clinton has called for greater diversity at the Fed, and a spokesman for her campaign said in May that “commonsense reforms -- like getting bankers off the boards of regional Federal Reserve banks -- are long overdue.”
There’s already a push in Congress to deal with these issues. Yellen regularly gets asked about Fed diversity when she testifies on Capitol Hill and Representative Joyce Beatty, a Democrat from Ohio, introduced legislation on Sept. 28 that would require the regional Fed banks to interview at least one diversity candidate when appointing new presidents.
Even absent congressional action, the Fed is actively working on diversity internally and that’s likely to continue under either a Clinton or a Trump administration. In fact, Clinton and her supporters may have a reason to avoid advocating for legislative reform of the Fed and let internal changes run their course.
“When you’re talking about the Federal Reserve and reforming it in any kind of way, it’s really taking the genie out of the bottle,” Conti-Brown said. Pushing structural changes to the Fed through Congress could open up the possibility of other proposals becoming law, including making it subject to a monetary policy rule, as some Republicans have advocated.
“There are lots of risks in doing wholesale governance reform, and I think the Clinton administration would be mindful of those risks,” he said.
By Jeanna Smialek
Source
ermonters to join national protest to 'Kill the Bill, Don't Kill Us'
ermonters to join national protest to 'Kill the Bill, Don't Kill Us'
Following the direct actions of June 28 and July 10, in which 140 Americans, including many with serious health...
Following the direct actions of June 28 and July 10, in which 140 Americans, including many with serious health conditions, were arrested in their senator’s DC offices for civil disobedience, still more constituents plan to flood Capitol Hill Wednesday to stop the repeal of the ACA. Organizers say Vermont residents will also participate in this latest oppostion to "repeal and replace" Obamacare.
People with disabilities and life-threatening chronic illnesses, cancer survivors, Medicaid recipients, Affordable Care Act (ACA) policyholders, registered nurses, doctors, and others directly impacted by the Senate healthcare bill will be traveling from all states represented by Republican senators to descend upon Capitol Hill on Wednesday, July 19, with a strong message: “Kill the bill—don’t kill us!”
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Milestone charter's credit fraud has produced no criminal charges
Milestone charter's credit fraud has produced no criminal charges
Milestone Academy is the latest New Orleans–area charter school where theft has gone unpunished for months after it was...
Milestone Academy is the latest New Orleans–area charter school where theft has gone unpunished for months after it was discovered. No one has filed charges against former chief executive D'Juan Hernandez for putting $13,000 of personal expenses on a school credit card, according to an audit released Monday (April 18).
Hernandez quit in June 2014. The audit covers only the rest of that calendar year, but new Milestone chief executive LaKeisha Robichaux said Monday nothing had changed. In addition, Jefferson Parish clerk records showed no case against Hernandez.
This is hardly the first time that it's taken months for local charter school employees to face criminal charges for alleged financial crimes. Typically, lax oversight lets a member of the finance team profit from wrongdoing until someone notices odd gaps in the reports.
Ten months after someone stole almost $70,000 from the KIPP charter network, a criminal investigation was still underway.
Someone stole almost $26,000 from Lake Area New Tech High in 2014; more than a year later, police had not found a culprit.
New Orleans Military/Maritime Academy employee Darral Sims took $31,000 during the 2011-12 school year but had not been charged as of early 2013.
Lusher accountant Lauren Hightower had not been charged with a crime more than a year after she paid herself $25,000.
The Center for Popular Democracy issued a report in 2015 blaming Louisiana state education officials for cutting corners on oversight.
At Milestone, the theft followed a tumultuous year. The governing board dropped its for-profit management company only a couple of months before school was to start. Hernandez, the board attorney, stepped in to run the school. The school also struggled to improve long-languishing academic results and faced losing its Old Jefferson campus. It has since moved to Gentilly.
Hernandez quit in June, saying he was sick of a power struggle that also resulted in the departure of the principal. A month later, the financial wrongdoing emerged.
The board withheld $13,000 from Hernandez' $135,081 pay to cover the loss. It also "contacted the applicable law enforcement agencies regarding the unauthorized credit card usage," auditors from Hienz and Macaluso wrote. "However, as of the date of the audit report the school is not aware of any charges being filed in this matter. This was due to the lack of proper policies and procedures governing the acquisition and use of credit cards by the school."
Auditors said the school has since restricted credit card use to key employees. Under the new policies, no one may obtain a school credit card without written approval from the board's finance committee. All purchases "must have the same level of support as any other disbursement," auditors wrote. And school credit cards may not be used for personal purchases, cash advances or alcohol.
However, further conversations Monday showed the wheels of justice often did turn eventually:
The KIPP employee was prosecuted, spokesman Jonathan Bertsch said Monday. He added that although criminal charges took time, the charter group detected the crime within weeks.
Simms was convicted and paid restitution, Military/Maritime Academy Principal Cecilia Garcia said. The case went to court in late 2014 and early 2015. However, Simms has since had his record at least partially expunged, according to Garcia and Orleans Parish sheriff's records.
Hightower was prosecuted and convicted, Lusher spokeswoman Heather Harper Cazayoux said. Hightower's LinkedIn account indicates that she now works as a florist at a Harvey Winn-Dixie.
Former Arise Schools employee Quinton Barrow pleaded guilty on May 7, 2015, to stealing $9,000. He was ordered to pay restitution but then failed to appear to pay in June, according to Orleans Parish sheriff's records.
And the biggest local charter school crime resulted in serious jail time: Langston Hughes Academy's financial manager was sentenced to five years in federal prison for stealing about $660,000.
An employee stole about $2,000 from Lake Forest Charter in 2013. As of early 2015, the school's board president would not identify the employee or say whether anyone had been charged. School leaders did not immediately respond to a request for an update.
By Danielle Dreilinger
Source
Needed — a regional employee scheduling law
Needed — a regional employee scheduling law
"Do you know what it’s like working long, erratic hours without knowing day-to-day what your schedule would be? Some of...
"Do you know what it’s like working long, erratic hours without knowing day-to-day what your schedule would be? Some of us do. If we haven’t worked in low-wage retail or the service sector, we’re lucky that usually our hard work paid off, and we could advance in our careers.
For low-wage retail and service workers at large corporations, there’s no moving forward. When someone has an “I’ll do anything it takes” attitude, they are not rewarded for their labor, their adaptability or their commitment. Instead, they are often met with the chaos of unpredictable hours.
When people don’t have stable full-time or even part-time hours, they can’t budget or schedule basic things like child care, doctor visits, classes, family time or self care.
Take Cinthia, who works for DB Shoes, one of Emeryville’s numerous corporate retail chains. She works hard to take care of her family, but struggles with not having reliable hours. She juggles appointments for her younger brother, classes and work. When we met her, we asked how much sleep she got the previous night. She said, “Four hours.”
A recent survey conducted by the Alliance of Californians for Community Empowerment, the East Bay Alliance for a Sustainable Economy and the Center for Popular Democracy found that a staggering 80 percent of retail workers have fluctuating hours from week to week; 68 percent only receive part-time hours; and more than half experience “clopening” shifts — back-to-back closing then opening a few hours later.
Two out of 3 workers surveyed want more hours but can’t get them. Fluctuating hours are considered undesirable by many workers. There are thousands of working people like Cinthia who are run ragged with erratic work schedules that not only have harmful effects on them personally, but on their families and our communities.
Our cities are built on everyone coming together to create a thriving place where people can live, work and play. But when people are not earning enough and have erratic schedules, they don’t have time to invest in our community or local businesses.
San Francisco passed a fair workweek policy, putting the Bay Area at the fair workweek movement’s forefront. Emeryville and San Jose are also considering similar policies to begin to move the entire region toward a more sustainable work model and ensure that people have both higher wages and regular, predictable hours they can count on.
Some of us take our routines for granted. We get up, rush to get everyone out the door, work a single job, come home, eat, go to bed. Wash. Rinse. Repeat. But for too many working people, that kind of stability is a dream. It shouldn’t be — and we can do something about it.
Now that we’ve won a $15 minimum wage across California, we know we need to finish the job and ensure working people have hours they can count on. A regional fair workweek provides hardworking people with the opportunity to work with stable schedules so they can pay the bills, live healthier lives, and contribute more to our communities."
By Dianne Martinez and Ruth Atkin
Source
Laws & Lives
New York Daily News - January 23, 2015, by Josie Duffy - We all want to see New York thrive, but weakening critical...
New York Daily News - January 23, 2015, by Josie Duffy - We all want to see New York thrive, but weakening critical workplace safety laws like the Scaffold Safety Law would only put the most vulnerable workers at risk (“Cure what ails New York, gov,” Column, Jan. 21). As Fox News recently reported, deaths among Latino and immigrant construction workers are on the rise, even as they fall for other workers. The Scaffold Safety Law creates a strong incentive to keep workers safe. It says that if those who control a worksite fail to follow commonsense rules, they can be held liable for the injuries they cause. Without a strong Scaffold Safety Law, we’ll only see many more injured construction workers across New York — with Latino and immigrant workers most at risk. Josie Duffy, policy advocate Center for Popular Democracy
Immigration Reform News: Letter to Obama Calls For End of Immigrant, Family Detention
Latin Post 05-12-2015 - A coalition of national organizations, ranging from Latino-based, faith-based and law-based...
"In light of recent developments and ongoing negotiations in litigation on the detention of immigrant families, we, the undersigned 188 immigrants' rights, faith-based, civil rights, human rights, survivors' rights, and criminal justice reform organizations, international educators, and legal service providers, urge your administration to end the practice of family detention," starts the letter, signed by organizations including the League of United Latin American Citizens (LULAC), American Immigration Lawyers Association, Center for Popular Democracy, Detention Watch Network, DREAM Action Coalition, National Council of La Raza and We Belong Together.
The letter acknowledges the family detention centers built in the last year in Berks County, Penn., and Dilley and Karnes counties in Texas. The organizations also recognized that the detained families are largely seeking protection in the U.S., but such centers have had "traumatic impact" on families, notably children. The traumatic impacts may include an individual or families' experience while in Central America.
ADVERTISEMENT"These mental health effects are compounded where families have suffered detention that is prolonged and indefinite in nature," the letter continued. "A growing number of members of Congress have voiced their opposition to the detention of families, and a steady stream of news articles and human rights reports illustrate that families cannot be detained humanely."
The letter reference the lawsuit and human rights reports at the T. Don Hutto Detention Center in Texas, which the U.S. Department of Homeland Security closed in 2009 following inquiries of the facility's procedures. Lawsuits regarding other immigrant detention facilities' policies have also been filed and could result in the centers shutdown.
"DHS has broad authority to release from detention vulnerable populations who do not pose a flight or public safety risk either on recognizance or, where necessary, with additional measures such as alternatives to detention," wrote the 188 organizations. "These should include case management services to ensure that families are informed of their legal rights and obligations and receive appropriate referrals to social and legal services."
The organizations agreed that all immigrant families must receive full due process. The letter to Obama called for all families to have their right to full hearings before an immigration court judge -- as outlined in section 240 of the Immigration and Nationality Act.
Calls for an "alternative to detention," or ATD, instead of detention was recommended. The national, state and local organizations in the letter noted families apprehended at the border "generally" have relations or community relations in the U.S. and could be released while awaiting deportation hearings.
"In fact, Immigration and Customs Enforcement (ICE) recently issued a Request for Proposals specifically for case management ATD programs appropriate for families. As detailed in your FY 2016 budget request, current ATD programs save taxpayer dollars, costing approximately $5 per day compared to $343 per day for a family detention bed. Current ATDs have high compliance rates, with 99 percent appearance at immigration court hearings and 84 percent compliance with removal orders."
Local-and-state-based organizations signing on the letter include the Central American Resource Center, Coalition of Latino Leaders, Families for Freedom, New York Immigration Coalition and Workers Defense Project.
To read the letter to President Obama and the list of organizations signed, click here
Source: Latin Post
JPMorgan's Dimon defends Trump advisory role, deregulation
JPMorgan's Dimon defends Trump advisory role, deregulation
JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon on Tuesday responded to criticism from angry shareholders...
JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon on Tuesday responded to criticism from angry shareholders of his role advising President Donald Trump on economic matters, saying he would help "any president" in office.
At the bank's annual meeting in Wilmington, Delaware, several attendees demanded answers from Dimon about his role on a White House business council and JPMorgan's involvement with financial deregulation efforts in Washington.
Read the full article here.
After Volkswagen scandal, can consumers trust anything companies say? (+video)
After Volkswagen scandal, can consumers trust anything companies say? (+video)
Adam Galatioto’s loyalty to diesel Volkswagens predates his ability to drive. The 29-year-old’s parents...
Adam Galatioto’s loyalty to diesel Volkswagens predates his ability to drive.
The 29-year-old’s parents first bought a Jetta TDI in 1998, and he drove the little sedan through high school, college, and a master’s program before selling it in 2013. Mr. Galatioto and his girlfriend now share a 2011 Jetta TDI SportWagen, which he helped encourage her to buy.
“They get really good mileage,” he says. “Mine got 50 m.p.g. on the highway. By proxy that means you are being environmentally friendly.”
He’s not alone. Volkswagen has long enjoyed a reputation for reliable engineering, cheerful affordability, and, largely thanks to its efforts in clean diesel, sustainability. In Consumer Reports’ 2014 survey on how people perceive leading car brands, the German automaker was singled out (alongside Tesla) for its fuel efficiency.
That made recent revelations that VW had duped environmental regulators for years, installing software on 11 million diesel vehicles worldwide allowing them to run cleaner during emissions tests than they did on the road, all the more unnerving.
“I don’t generally trust corporations on what they say, and this was so intentionally devious it just lumps them in with any other car company for me,” Galatioto says.
This is a worst-nightmare scenario for companies trying to attract customers that increasingly want to make not just quality or affordable purchases, but ethical ones. It’s an impulse nearly every consumer industry is racing to capitalize on, from restaurant chains shifting to cage-free eggs and fair-trade coffee to retailers pledging to raise wages and give workers more predictable scheduling.
But with such promises being made left and right, and especially in the wake of Volkswagen’s fall, conscientious consumers may be wondering: Can any of them really be trusted?
Not always, clearly, but there is some comfort to be had on that front. Brands that fail to deliver risk even greater financial and reputational fallout than ever before (Volkswagen lost a third of its stock value when the scandal broke, and it faces billions in future losses from EPA fines, repairs, and lost sales). Combined with effective third-party oversight, it’s a powerful motivator for companies on the whole to behave better, experts say.
Consumers, particularly younger ones, are armed with easier access to information about what they buy than previous generations, and it’s affecting their choices. Millennials (adults ages 21 to 34) are more than twice as likely as their Gen-X and baby boomer counterparts to be willing to pay extra for products and services billed as environmentally and socially sustainable, according to a 2014 Nielsen survey. They are equally more prone to check product labels for signs of sustainable and ethical production.
“There’s an increased attention to more intangible characteristics of a product,” says Dutch Leonard, a professor who teaches corporate responsibility and risk management at Harvard Business School. “When I buy a shirt, it has a particular color, it’s soft, or wrinkle-free. But now people are also paying attention to where it was made, if the workers are being exploited, and if the company is environmentally conscious or not.”
This makes responsible changes effective marketing tools, which can create domino effects as companies try to keep up with and outdo standards in their particular industries. When Wal-Mart, the biggest retailer in the world, raised its minimum pay rate at the beginning of this year, competitors such as Target and Kohl’s quickly followed suit. The success of Chipotle, which has a carefully detailed food-sourcing policy, has been followed by major supply chain overhauls for McDonald’s, General Mills, and other giants of the corporate food world.
“Customers want 'food with integrity,' ” Warren Solochek, a restaurant-industry analyst with NPD Group, a market-research firm, told the Monitor in May. “[Companies] that choose locally sourced, fresh ingredients can put that on their website and know that people are looking at it.”
But especially for major corporations, “when you say you are doing things, you will attract attention from outside business groups," Professor Leonard says. "You can bet some NGO [nongovernmental organization] is going to try and figure out if that’s true or not.”
Indeed, Volkswagen isn’t the first brand to have its positive positioning face pushback, especially as global companies work to strike an operational balance between ethics and profitability. Wal-Mart’s wage hikes were followed by cutbacks in worker hours when the retailer’s earnings suffered, a move that led labor advocacy groups to call the earlier wage hikes “a publicity stunt.” Earlier this week, the Center for Popular Democracyreleased a report showing that Starbucks has so far failed to live up to a much-publicized vow from a year ago to give workers more consistent schedules.
While Volkswagen eluded the Environmental Protection Agency, it was eventually found out by the International Council on Clean Transportation, an independent nonprofit aided by researchers at West Virginia University.
In addition to catching such discrepancies, watchdog groups can be helpful in weeding out credible claims of positive change from the less so. In the mid-2000s, the Unions of Concerned Scientists’ annual environmental consumer guide largely dispelled the idea that washable cloth diapers are significantly better for the environment than disposable ones.
Furthermore, some major corporations and industry groups have partnerships with independent, NGO-like organizations to set ethical industry standards and submit to outside monitoring. Unilever, for example, teamed up with the the World Wide Fund for Nature (WWF) in the 1990s to create the Marine Stewardship Council, a certification program for sustainable fisheries. In 2008, Starbucks embarked on a decade-long project with Conservation International to improve the sustainability of its coffee supply around the world. Home Depot sells lumber certified by an outside organization.
Such collaborations may not catch everything, Leonard says, but they are effective because they are “constructed in such a way that the [certification groups] are not beholden to an industry. We may not be able to get full agreement on the standards, but we might make real progress by creating safe harbors through development of standards that are negotiated in advance.”
Source: The Christian Science Monitor
Massive Fraud In PA Charter Schools Under Corbett's Leadership
Crooks and Liars - October 2, 2014, by Karoli - What could $30 million lost dollars mean to students in Pennsylvania?...
Crooks and Liars - October 2, 2014, by Karoli - What could $30 million lost dollars mean to students in Pennsylvania? Maybe more teachers, more textbooks, better classrooms? Well, forget about it, because at least that much is in the pockets of corrupt charter school operators.
The waste and fraud in Pennsylvania charter schools is even worse than I thought. It was bad enough when Nicholas Trombetta created a nice pyramid to skim off millions in public education money to fund his own fun, but it seems he was more the rule than the exception.
Philly.com:
The instances of fraud cited in the new report include cases where charter officials were indicted or pleaded guilty and instances uncovered in state audits.
Examples include Nicholas Trombetta, founder and former CEO of the Pennsylvania Cyber Charter School in Midland, who is awaiting federal trial in Pittsburgh on charges that he diverted $8 million in school funds for personal use.
The tally also includes $6.3 million that federal prosecutors allege Dorothy June Brown defrauded from the four Philadelphia-area charters she founded.
But the authors give special attention to another recent case involving a city charter: New Media Technology Charter School in the city's Stenton section. The former CEO and founding board president went to federal prison in 2012 after admitting they stole $522,000 in taxpayer money to prop up a restaurant, a health-food store, and a private school they controlled, and for defrauding a bank.
From 2005 to 2009, when the crimes were occurring, third-party auditors hired by New Media failed to spot the fraudulent payments.
"Fraud detection in Pennsylvania charter schools should not be dependent upon parent complaints, media exposés, and whistle-blowers," the authors wrote. Rather, they urged, the system should be proactive and use forensic accounting methods.
But that would mean Tom Corbett couldn't make his sweet deals with the charter operators! Perish the thought.
What we have here is the sale of our public schools by Republicans to for-profit concerns who are perfectly content to take taxpayers' money to pad their own bottom lines while making sure our children 'isn't learning.'
Source
2 months ago
2 months ago