Janet Yellen Was A Great Fed Chair. So Why Is The Economy Still Broken?
Janet Yellen Was A Great Fed Chair. So Why Is The Economy Still Broken?
When President Barack Obama reluctantly nominated Janet Yellen to the most powerful economic post on the planet in...
When President Barack Obama reluctantly nominated Janet Yellen to the most powerful economic post on the planet in October 2013, Republican Party leaders, backed by much of the economics establishment, warned of looming economic ruin. As Federal Reserve chair, Yellen would lead the country into a hyperinflation calamity on par with Weimar Germany or, at least, a return to the misery and malaise of the Jimmy Carter years.
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House Republicans face voters in home districts angry over health care bill
House Republicans face voters in home districts angry over health care bill
Rep. Tom Reed of New York, who was among the Republican members of Congress to vote for a bill to repeal and replace...
Rep. Tom Reed of New York, who was among the Republican members of Congress to vote for a bill to repeal and replace Obamacare, held a string of hometown forums on Saturday where he was lambasted by crowds of angry voters and signs that read, "GOP Disaster" and "Why do you want to kill my daughter?"
Reed, whose district in upstate New York includes the cities of Ithaca and Corning, held three town hall meetings where the overwhelming majority of attendees had questions about health care. The congressman was met with boos and jeers throughout the forums, with people repeatedly chanting "Shame!" and "Vote him out!"
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Longtime legal residents aim for citizenship
Longtime legal residents aim for citizenship
Somos was one of 14 organizations nationwide to win the nonpartisan grant from Cities for Citizenship, a national...
Somos was one of 14 organizations nationwide to win the nonpartisan grant from Cities for Citizenship, a national initiative aimed at increasing citizenship among eligible U.S. permanent residents and encouraging cities to invest in citizenship programs. The organization site says it is chaired by New York City Mayor Bill de Blasio, Chicago Mayor Rahm Emanuel, and Los Angeles Mayor Eric Garcetti, with support from the Center for Popular Democracy and the National Partnership for New Americans. Citi Community Development is the founding corporate partner.
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Rivera and Camara Push 'Ambitious' Bill for Noncitizen Voting
Capital NY - June 16, 2014, By Nidhi Prakash - With just four remaining days in the state legislative session, sponsors...
Capital NY - June 16, 2014, By Nidhi Prakash - With just four remaining days in the state legislative session, sponsors of a new bill to grant citizenship rights to undocumented immigrants said they hope to begin building momentum for next session.
“First of all, this is obviously not something that is going to pass by the end of this week," said State Senator Gustavo Rivera, at a press conference in Battery Park City. "This was never about this particular legislative session. We’ve been working on it for almost two years, it’s a bold idea and we wanted to make sure it was thought out."
The bill, titled the New York is Home Act, would make it legal for undocumented immigrants in New York State to vote in local and state elections, get professional and drivers' licenses, and make them eligible for state-funded Medicaid and financial aid for higher education.
“What we’re doing today is we’re starting a conversation not only in New York, but hopefully across the country,” said Rivera, who was joined at the press conference by representatives from the Center for Popular Democracy and Make the Road New York.
Senator Rivera said he was choosing this moment to introduce the bill, despite nearing the end of the legislative session, partly because of a lack of movement in Washington on immigration reform. He pointed to the defeat last week of Republican House majority leader Eric Cantor by a Tea Party candidate who criticized Cantor's support for limited immigration reform.
But some progressives have also balked at provisions in the proposed bill. Mayor Bill de Blasio has called for municipal ID cards for undocumented immigrants, but said last year he's "not comfortable" with the idea of noncitizen voting.
“We are certainly asking for everyone in the Senate and the Assembly as well as in other sectors—the mayor and the governor—to support it, and we will have conversations with them going forward," Rivera said. "We are just starting the conversation."
Assembly Member Karim Camara, the bill’s sponsor in the Assembly, said the broad scope of the bill could help other stalled measures, like the Dream Act and a bill to allow undocumented immigrants access to drivers' licenses.
“We’re hoping that by looking at this big picture, and this is probably one of the most ambitious efforts over at least the last decade or two, maybe those smaller pieces now seem like they’re not that big of a deal,” said Camara.
Camara said he hoped the bill would create momentum for other immigration reform initiatives by the start of the next legislative session.
“We didn’t break it into priorities in this bill, but we’re hoping that by looking at this overarching bill it’ll perhaps make those other smaller bills easier—drivers' license, Dream Act, et cetera,” he said.
Camara blamed the balance of power in the Senate for those bills being unsuccessful in the past, and said if that was to change there may be more hope for immigration reform on a state level.
“The Republican-led Senate has been a main challenge," he said. "We would have passed it this year if it was not for that. So of course there is that elephant in the room, that political dynamic that we can’t avoid, and if that’s not the case then we’ll appeal to individuals’ reason."
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The CEO of Starbucks won’t keep promises to his workers, but wants an end to “cynicism”
The CEO of Starbucks won’t keep promises to his workers, but wants an end to “cynicism”
Starbucks CEO Howard Schultz, who has somehow convinced himselfthere is public desire for him to be president, took a...
Starbucks CEO Howard Schultz, who has somehow convinced himselfthere is public desire for him to be president, took a moment at yesterday’s board meeting to deliver some pious criticism of America’s unusually rancorous political season.
“Dysfunction and polarization have worsened,” the coffee entrepreneur said. Deep in a bout of Bloombergitis, Schultz warned of the failure of the American dream: “Sadly, our reservoir is running dry, depleted by cynicism, despair, division, exclusion, fear and indifference.”
“What is the role and responsibility of all of us, as citizens?” Schultz asked.
His employees have one answer: They want him to keep Starbucks’ promise to set their schedules at least 10 days in advance, and stop making them work consecutive shifts closing a location and then returning to open it early the next morning. So-called “clopening” shifts can entail working until 11pm and then starting again at 4am.
The scheduling problems have been an issue since at least 2014, when a New York Times investigation exposed how scheduling practices can be as problematic for workers as low pay or abusive treatment. The problem is especially difficult for parents, who must find a way to care for their children without knowing their work responsibilities more than a few days in advance.
The problem seems especially galling because the company uses scheduling software to match employee availability with the predicted demand. Experts suggest that this software could be used to provide more predictability for workers. Starbucks has repeatedly said it will remedy these issues, but interviews with employees suggest they remain. The Center for Popular Democracy, a union-backed organization that runs advocacy campaigns for workers rights, published a survey of 200 workers (pdf) in September 2015 that found half received their schedules less than a week in advance and one in four worked the “clopening” shift.
Grant Medsker, who worked at a Starbucks in Seattle for about a year before quitting in January, told Quartz that managers often don’t follow dictates from headquarters. “Everyone runs their ship their own way, regardless of company policies,” he said.
Some franchise managers attribute the lack of follow-through on the company’s promise on schedules to pressure from higher-ups to keep labor costs down, which leads to chronic understaffing. Meanwhile, Starbucks earnings per share more than doubled between 2011 and 2015; in fiscal 2015 it had an operating income of $3.6 billion. Quartz reached out to Starbucks but has not received a response. In the past, the company has noted that many of its employees see a flexible schedule as a perk, rather than a hindrance. The company also provides its part-time employees with access to health insurance and educational benefits that it says are more generous than comparable companies. But given the company’s history of dubious social responsibility campaigns, it’s hard to see this failure to implement corporate policy as an accident. This is, after all, the executive who announced a personal boycott of political spending even as his company spent millions on lobbying.
“It’s not enough to talk about it, it’s not enough to say, ‘oh that’s really bad, I hope that changes,'” said Medsker, who volunteers with the labor-rights group Working Washington. “We have an obligation to change what is wrong with our society.”
“It’s not about the choice we make every four years,” Schultz said yesterday. “This is about the choices we make every day.”
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Fed's Bostic to Hear Case for Excluding Housing From Inflation
Fed's Bostic to Hear Case for Excluding Housing From Inflation
Federal Reserve Bank of Atlanta President Raphael Bostic will hear the case for excluding housing from measures of...
Federal Reserve Bank of Atlanta President Raphael Bostic will hear the case for excluding housing from measures of consumer prices that the U.S. central bank targets when he meets this week with Fed Up, an advocacy group focused on monetary policy.
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Last-Minute Schedule Changes? Some Cities Say Employers Must Pay
Last-Minute Schedule Changes? Some Cities Say Employers Must Pay
Dec. 1 — More than a dozen states and cities in the past year considered legislation to require retail stores and...
Dec. 1 — More than a dozen states and cities in the past year considered legislation to require retail stores and restaurants to provide extra pay to employees for last-minute work schedule changes. Thus far only a handful of cities have enacted such measures into law.
These predictive or predictable scheduling proposals, also called fair workweek measures, were “very popular” in 2016, John S. Hong, an employment law attorney with Littler Mendelson in San Francisco, recently told Bloomberg BNA.
“But they died on the vine in a lot of states,” Hong said.
In addition to providing “predictability” pay, these measures would require employers to notify workers about their schedules a certain number of weeks in advance under predictive scheduling proposals. They also include “access to hours” provisions that require employers to offer newly available hours to part-time staff before hiring new workers or using contractors or staffing agencies.
Worker advocacy groups praise these measures as providing secure, clear and stable scheduling for workers. But employers counter that these requirements remove the flexibility needed for retailers and restaurants to operate their businesses effectively.
Predictive Scheduling Is ‘The Next Fight.’
Predictive scheduling bills this year were withdrawn or never went to a vote in California, Indiana, Kansas, Maryland, Michigan, New York and Rhode Island.
Similar bills or provisions died in Connecticut, Illinois, Maine and Oregon in 2015.
Washington, D.C., also tabled a predictive scheduling proposal this year, while a court rejected a ballot initiative on the issue in Cleveland, Hong said.
Still, employee advocates said the number of jurisdictions that have considered scheduling laws is encouraging.
Introduction of the bills initiates public conversations among workers, employers and policy makers about the issue, they said.
“They begin the legislative process, which can take multiple years,” Elianne Farhat, deputy campaign director of the Center for Popular Democracy’s Fair Workweek Initiative.
Predictive scheduling is “the next fight,” following the success of the “Fight for $15" minimum wage initiative, Farhat told Bloomberg BNA Nov. 30.
“The issue will continue to pick up steam and move forward,” she said.
Two Cities Join San Francisco
Two cities this year enacted predictive scheduling laws. Seattle and Emeryville, Calif., followed in the footsteps of San Francisco, which passed the nation’s first ever predictive scheduling law in late 2014
Rules implementing San Francisco’s ordinance went into effect in March 2016. They apply to businesses that have 20 or more employees in the city and at least 40 retail sales establishments worldwide.
Seattle and Emeryville’s laws take effect in 2017.
Seattle’s law applies to retail and quick or limited food-service establishments with more than 500 employees worldwide and full-service restaurants with more than 500 employees and 40 full-service locations worldwide.
Emeryville’s law applies to businesses with more than 55 employees worldwide.
New Hampshire, San Jose Also Pass Laws
On the predictive scheduling periphery are San Jose, Calif., and New Hampshire, which passed narrower laws in the past year.
San Jose voters approved a ballot initiative in November that focused only on access to hour protections for part-time employees, meaning they would be given extra hours prior to hiring others.
New Hampshire in June didn’t quite enact a predictive scheduling law. Instead, it required employers to consider employee requests for flexible working arrangements and prohibited employers from retaliating against workers who made those requests.
The New Hampshire law is “minimal, but still important,” Liz Ben-Ishai, senior policy analyst at the Center for Law and Social Policy in Washington, D.C., told Bloomberg BNA.
Farhat added that Washington, D.C. passed a law guaranteeing a 30-hour minimum workweek for building service workers, although it tabled its broader predictive scheduling law.
Depending on the needs of a particular locality, some cities or states will pass broader scheduling laws, while others pass narrower provisions.
“They’re all part of updating our work hour standards,” Farhat said.
Looking Ahead to 2017
Predictive scheduling bills are pending in New Jersey and Massachusetts, Hong said. But the latter “may die for lack of action” before the end of the year.
A measure also is pending in Minnesota, according to CLASP data, but it may share the same fate as the Massachusetts bill.
Asked if the issue of predictive scheduling will continue to crop up in 2017, Hong said more cities and states may consider such measures. But “ultimately they may die on the vine,” he said.
Ben-Ishai provided a more optimistic outlook for predictive scheduling.
“I think it’s a promising area moving forward,” she said.
State and local lawmakers in Oregon could consider predictive scheduling measures next year, she said. In 2015, a state predictive scheduling bill died in committee, but legislators preempted scheduling ordinances at the local level only until 2017.
Portland, Ore., already has passed a resolution to study and eventually establish workweek principles for city contractors, Farhat said.
New York Mayor Bill de Blasio in September announced that the city is developing legislation that would require predictable work schedules for about 65,000 hourly fast-food employees in the city.
Predictive scheduling is expected to come back in Washington, D.C. next year “in a very serious way,” Farhat said. And California may onceagain consider a statewide measure, she added.
Don’t Forget About State Preemption Laws
Hong observed that several states have preemption laws that prevent cities, towns and counties from passing workplace laws that conflict with state or federal law.
About 22 states so far have expressly preempted localities from adopting such laws, like those that would raise minimum wages, provide leave benefits or expand workplace anti-discrimination protections. Most of these state have enacted the laws within the last five years., Lawmakers in about 11 other states have introduced similar bills so far in 2016.
At least five states—Alabama, Arizona, Indiana, Kansas and Michigan—have laws that could preempt local predictive scheduling laws, Hong said.
Preemption laws don’t necessarily indicate that legislatures are against fair scheduling, he said. “They don’t want local governments doing something potentially inconsistent with state law,” Hong said.
But Ben-Ishai contended that preemption laws can be a strategy taken by lawmakers who “are not friendly to workers’ rights.”
Federal Predictive Scheduling Law?
A federal predictive scheduling bill known as the Schedules That Work Act ( H.R. 3071, S. 1772) was introduced in both houses of Congress in July 2015.
The identical bills were sponsored by democrats and have remained stalled in committee. They are unlikely to be considered for a vote before the year ends.
Ben-Ishai said she expects the bills’ sponsors, Sen. Elizabeth Warren (D-Mass.) and Rep. Rosa DeLauro (D-Conn.), will reintroduce the legislation in the next Congress.
But given Republican control of both Congress and the White House, Ben-Ishai said, “I don’t think we’re super optimistic about it moving forward.”
Predictive scheduling will have a better chance at seeing “more movement” at the state and local levels, she said.
By: Jay-Anne B. Casuga
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Joining Forces to Win
The Huffington Post - November 21, 2013, by Ana María Archila - As progressives, we need to dramatically increase our...
The Huffington Post - November 21, 2013, by Ana María Archila - As progressives, we need to dramatically increase our scale and reach to win. With the merger of the Center for Popular Democracy (CPD) and the Leadership Center for the Common Good (LCCG) in January 2014, we are poised to do just that. The stakes are high. The crisis in American society is severe: Inequality is now at the highest level ever recorded. In 2012, the top 1 percent of U.S. households received 19.3 percent of all household income.
The income gap between white and non-white America is growing even faster. Between 2005 and 2009, median white wealth declined by 16 percent, while median black wealth dropped by 53 percent and Latino wealth declined by 66 percent. Increasing economic inequality is being matched by increasing political inequality. Our democracy and the political participation of people of color, young people and the elderly are being eroded by state legislatures, with the tacit support of the Supreme Court.
All this would be much worse of course, if not for the work of the progressive organizations and movements that have fought inequality and racism for decades.
We can, and must, go farther and faster to fight inequality, the erosion of democracy and racial injustice. There is a growing opportunity to challenge the status quo and to build a society characterized by opportunity, equality and inclusion. Increasingly strong and assertive community organizations across the country are stepping up to demand better. Immigrant organizations, worker centers, progressive unions, elected officials and people of faith are envisioning and creating more inclusive and equitable cities and states, even in spite of our failed national politics.
The most successful community campaigns present a new vision for change, a creativity and fearlessness to promote policies many have thought unachievable, as well as a canny understanding of how to navigate local political forces.
My organization, the Center for Popular Democracy, works at the center of this emerging new politics, working to build the capacity and resilience of rooted, democratic, community-organizing institutions. We feel the urgency to grow our movement, to build new strength, to share organizing models and strategies more broadly, and to replicate campaigns and tactics that work to confront racial and economic inequality.
Just as our movement needs more power and reach, so do we. That's why we are merging with the Leadership Center for the Common Good to create a newly powerful Center for Popular Democracy on January 1, 2014. Our organizations' sister c4 organizations, Action for the Common Good and Center for Popular Democracy Action Fund will also merge to create a newly powerful Action for the Common Good. Part campaign center, part capacity builder, part policy shop, our merged and expanded organizations will work together to more effectively build the strength and capacity of democratic organizations to envision and advance a pro-worker, pro-immigrant, racial and economic justice agenda. From recent successes, we have a sense of what is possible when working communities are well organized, resourced and equipped to demand change. In New York, coalitions of community groups, progressive unions, and faith networks came together this year to secure a raft of impressive victories, from a raise in the state's minimum wage, to the adoption of paid sick days' legislation in New York City to the passage of pro-immigrant language access initiatives in both Nassau and Suffolk Counties on Long Island. And, in the face of fierce opposition from outgoing Mayor Bloomberg, CPD and our allies secured passage of new laws to stop the discriminatory policing tactics of the NYPD -- Stop and Frisk. CPD brought our policy expertise, strategy insights, and coalition coordination experience to these fights -- helping drive them to victory.
The New York victories mirror the work we are engaged in across the country -- in 27 states with more than 90 partners nationally. Through strategic and sustained local and state victories, driven by strong community and labor partners, and supported in important ways by CPD, we can secure tangible improvements in working people's lives and generate the upward pressure and momentum necessary to refocus national policy on furthering values of equity, opportunity and democracy for all.
Strong local organizations with a clear vision and an appetite for bold action are well able to scale up to win national victories when strategic opportunities present themselves. Last May, for example, the Home Defenders League, a project of LCCG and many close allies, staged a dramatic week of action which included civil disobedience by foreclosed homeowners at the Department of Justice as well as at other sites. Their actions tied together the simmering public outrage over the lack of prosecutions of Wall Street banks with a need to find relief for the hard hit families and communities. Five months later, reports of a pending $13 billion federal settlement with JPMorgan Chase suggest the long fight may be about to yield results.
The launch of the merged and expanded Center for Popular Democracy and Action for the Common Good is our ambitious move to help increase the strength, scale and reach of community organizing. Together, we are stronger. Together, we can build the power we need to win.
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Avoiding 'Regressive Mistake,' Fed Holds Off on Rate Hike — For Now
Update 3 PM EDT: In a decision that aligns with progressive demands, the Federal Reserve ...
Update 3 PM EDT:
In a decision that aligns with progressive demands, the Federal Reserve announced on Thursday that it would keep interest rates near zero in light of "recent global economic and financial developments" and in order to "support continued progress toward maximum employment and price stability."
Presidential candidate Bernie Sanders issued the following statement today after the Federal Reserve announced that it would hold off on raising interest rates:
“It is good news that the Federal Reserve did not raise interest rates today. At a time when real unemployment is over 10 percent, we need to do everything possible to create millions of good-paying jobs and raise the wages of the American people. It is now time for the Fed to act with the same sense of urgency to rebuild the disappearing middle class as it did to bail out Wall Street banks seven years ago.”
The New York Times reports that the Fed’s decision, "widely expected by investors, showed that officials still lacked confidence in the strength of the domestic economy even as the central bank has entered its eighth year of overwhelming efforts to stimulate growth."
Progressives cheered the news, with Josh Bivens of the Economic Policy Institute saying, "Today’s decision by the Federal Reserve to keep short-term rates unchanged is welcome. [...] We hope they continue their pragmatic, data-based approach and allow unemployment to keep moving lower, and only tighten after there is a significant and durable increase in inflation."
He continued: "Tightening before the economy has reached genuine full-employment is not just a mistake, it’s a regressive mistake that would hurt the most vulnerable workers—low-wage earners and workers from communities of color—the most."
However, Reuters reports that "the central bank maintained its bias toward a rate hike sometime this year, while lowering its long-term outlook for the economy."
Which means that pro-worker organizations, which have largely opposed a rate increase that they say would slow the economy and stifle wage growth, will have to keep up the fight.
"We applaud Chair Yellen and the Federal Reserve for resisting the pressure being put on them to intentionally slow down the economy," said Ady Barkan, campaign director for the Fed Up coalition, which rallied outside the Federal Reserve on Thursday.
"Weak wage growth proves that the labor market is still very far from full employment," Barkan continued. "And with inflation still below the Fed’s already low target, there is simply no reason to raise interest rates anytime soon. Across America, working families know that the economy still has not recovered. We hope that the Fed continues to look at the data and refrain from any rate hikes until we reach genuine full employment for all, particularly for the Black and Latino communities who are being left behind in this so-called recovery."
Earlier...
Progressives are cautioning the U.S. Federal Reserve against slowing the economy by raising interest rates "prematurely"—a decision the Fed will announce Thursday.
The U.S. central bank will issue its highly anticipated short-term interest rate decision following a two-day policy meeting, with a 2 pm news conference led by Fed Chair Janet Yellen.
As CBS Moneywatch notes, "[t]he decision affects everything from the returns people get on their bank deposits to how much consumers and employers pay for credit cards, mortgages, small business loans, and student debt." That's because a higher rate makes it more expensive for individuals and businesses to borrow, with rising bank lending rates shrinking the nation's money supply and pushing up rates for mortgages, credit cards, and other loans.
Just before the announcement, the advocates, economists, and workers of the Fed Up coalition will be joined by Rep. John Conyers (D-Mich.) at a rally outside the Fed, calling on the central bank to keep interest rates low to allow for more jobs and higher wages.
"The point of raising rates is to rein in an overheating economy that is threatening to push inflation outside the Fed’s comfort zone," explained Josh Bivens of the Economic Policy Institute in the Wall Street Journal on Wednesday. "But inflation has been running below the Fed’s target for years—and its recent moves have been down, not up."
Furthermore, wrote economist Joseph Stiglitz at the Guardian earlier this month: "If the Fed focuses excessively on inflation, it worsens inequality, which in turn worsens overall economic performance. Wages falter during recessions; if the Fed then raises interest rates every time there is a sign of wage growth, workers’ share will be ratcheted down—never recovering what was lost in the downturn."
Progressive activists opposed to an interest rate hike overwhelmed the Fed's public comment system on Monday in a last-minute effort to sway the central bank. Raising the rate, they said, would be catastrophic for working families, particularly in communities of color that are still struggling. The Fed Up campaign, which includes groups like the Center for Popular Democracy, Economic Policy Institute, and CREDO Action, say the central bank "privileges the voices and needs of corporate elites rather than those of America's working families."
"A higher interest rate means that fewer jobs will be created, and that the wages of workers at the bottom will remain too low to live on," wrote Rod Adams, a member of Neighborhoods Organizing for Change in Minneapolis, in an op-ed published Wednesdayat Common Dreams. "That’s because when the Fed raises rates, they are deliberately trying to slow down the economy. They’re saying that there are too many jobs and wages are too high. They’re saying that the economy is exactly where it should be, that people like me are exactly where we should be."
However, at this point, "many observers believe the Fed will not raise rates this week," analyst Richard Eskow wrote on Wednesday.
"The Fed is really the central bank of the world. If the Fed raise rates a little bit, it will have an impact all over the world, particularly in emerging markets," billionaire private equity professional David Rubenstein told CNBC's "Squawk Box" on Thursday.
"I think the Fed is sensitive to that," Rubenstein said, "and I think therefore the Fed is likely to wait for another month or two to get additional data and probably telegraph a little bit better than it has now that it's about ready to do it at a particular time."
Meanwhile, global markets are fluctuating wildly in anticipation of Yellen's announcement and subsequent news conference.
But as Eskow noted, Thursday's real surprise "is that there’s any question at all what [the Fed] will do. That suggests that our economic debate is not yet grounded in economic reality, at least as most Americans experience it."
While the Guardian is providing live updates on the Fed's decision, others are making comment under hashtags that reflect the unbalanced economic recovery:
Source: CommonDreams
Advocates Demand More Money for Opioid Crisis
Advocates Demand More Money for Opioid Crisis
Today, advocates for expanded funding to address opioid misuse will take to the Capitol to push Congress for $45...
Today, advocates for expanded funding to address opioid misuse will take to the Capitol to push Congress for $45 billion for treatment and overdose prevention. While President Donald Trump declared the opioid epidemic a federal public health emergency last month, his administration hasn’t asked for additional money to help states address the crisis, and Congress hasn’t made any moves or come up with its own emergency authorization, either.
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2 months ago
2 months ago