Immigrants in US illegally see this election as crucial - See more at: http://www.timescolonist.com/immigrants-in-us-illegally-see-this-election-as-crucial-1.2472426#sthash.BroJZxQz.dpuf
Immigrants in US illegally see this election as crucial - See more at: http://www.timescolonist.com/immigrants-in-us-illegally-see-this-election-as-crucial-1.2472426#sthash.BroJZxQz.dpuf
NEW YORK, N.Y. - There was never any doubt Juana Alvarez's 18- and 20-year-old American-born daughters would be taking...
NEW YORK, N.Y. - There was never any doubt Juana Alvarez's 18- and 20-year-old American-born daughters would be taking part in the election this year. Alvarez did her best to see to that.
"I had two people I wanted to get registered and I registered them," Alvarez, a 39-year-old housekeeper in Brooklyn who came to the U.S. from Mexico as a teenager, said through a translator.
For Alvarez and the estimated 11 million other immigrants living illegally in the U.S., this is a potentially crucial election, with Republican Donald Trump talking about mass deportations and a border wall and Democrat Hillary Clinton pledging to support immigration reform and protect President Barack Obama's executive actions on behalf of immigrants.
Come Election Day, these immigrants will be watching from the sidelines, their future in the hands of others. Under the U.S. Constitution, only full citizens can vote; legal immigrants who are green card holders also are not allowed to cast a ballot.
Trump has spoken of fears of election fraud or that immigrants living illegally in the country might vote. More broadly, he has said all immigrants should play by the legal rules.
Alvarez and others like her say although they can't vote, they have been taking part in get-out-the-vote efforts among citizens.
In places like New York, California, Arizona and Virginia, they have been knocking on doors and making telephone calls, registering people, urging them to go to the polls, and telling their stories in hopes of persuading voters to keep the interests of immigrants in mind when they go into the booth.
"For me, it's important that those who can vote come out of the shadows and make their voices heard," Alvarez said.
Isabel Medina, a 43-year-old from Los Angeles who has been in the country illegally for 20 years and has three sons, two born in the U.S., has worked phone banks and taken part in voter registration drives for U.S. citizens, making sure that "even though they're frustrated, they are disappointed, they still realize it is really important, that they know the power that they have in their hands."
She says she emphasized the need to vote for all the races, not just the presidency, and the importance of taking part in referendums and propositions.
Even though these immigrants can't vote, their pre-Election Day efforts make a difference, said Karina Ruiz, 32, of Phoenix, who came to the U.S. illegally from Mexico when she was 15 and is acting executive director of the Arizona Dream Act Coalition, an immigrant-advocacy group that has been doing get-out-the-vote work.
"It is making an impact because those people who wouldn't vote otherwise, when they listen to my story and hear their vote does count and make a difference, they're encouraged to participate and be my voice," said Ruiz, who has a work permit and an exemption from deportation under Obama's Deferred Action for Childhood Arrivals policy. That policy was created by executive order, one that could be undone by any president in the future.
"I think to myself: I could just vote once, if I had the power to," she said. But "if I can influence 50 to 60 people to go ahead and vote, that's my voice multiplied by a whole lot."
As for what will happen after Election Day, "the uncertainty, it is there, I don't know what's going to happen," said Medina, who avoids talking about the election with her U.S.-born sons because she doesn't want them to get scared that their parents might be deported. "I am worried, yes."
By Deepti Hajela
Source
Más alta la factura de luz y otras implicaciones de los acuerdos de la junta
Más alta la factura de luz y otras implicaciones de los acuerdos de la junta
Encubrimiento de violaciones de ley, conflicto de intereses, ganancias desmedidas de especuladores financieros y...
Encubrimiento de violaciones de ley, conflicto de intereses, ganancias desmedidas de especuladores financieros y mayores cargas económicas para el pueblo son algunas de las implicaciones de los acuerdos que la Junta de Supervisión Fiscal está negociando con los acreedores del gobierno, según el Frente Ciudadano por la Auditoría de la Deuda.
Read the full article here.
Chris Hemsworth suits up on the Midtown set of Marvel’s “Avengers”
Chris Hemsworth suits up on the Midtown set of Marvel’s “Avengers”
Proceeds benefit the Hurricane Maria Community Relief & Recovery Fund at the Center for Popular Democracy.“I...
Proceeds benefit the Hurricane Maria Community Relief & Recovery Fund at the Center for Popular Democracy.“I want those audience members to know this is not just doing a star-studded event. This is coming together to do something that matters,” Leon said. “As artists we’re always looking in the mirror. It’s incumbent upon us to make our world the way we want to make it.”
Read the full article here.
Cities Spend More and More on Police. Is It Working?
Cities Spend More and More on Police. Is It Working?
Oakland spent 41 percent of the city's general fund on policing in Fiscal Year 2017. Chicago spent nearly 39 percent,...
Oakland spent 41 percent of the city's general fund on policing in Fiscal Year 2017. Chicago spent nearly 39 percent, Minneapolis almost 36 percent, Houston 35 percent.
The figures reflect an accelerating trend in the past 30 years, as city governments have forked over larger and larger shares of their budgets toward law enforcement at the expense of social services, health care, infrastructure and other types of spending, according to a new report from a network of civil rights groups.
Read the full article here.
Clinton Joins Crowd Calling for an Overhaul of Fed Governance
Clinton Joins Crowd Calling for an Overhaul of Fed Governance
Hillary Clinton is the latest voice calling for changes at the Federal Reserve. A spokesman for the front-...
Hillary Clinton is the latest voice calling for changes at the Federal Reserve.
A spokesman for the front-runner for the Democratic presidential nomination released a statement Thursday saying that the Fed “needs to be more representative of America as a whole” and arguing that “commonsense reforms -- like getting bankers off the boards of regional Federal Reserve banks -- are long overdue.”
The statement, sent by Clinton spokesman Jesse Ferguson and first reported by the Washington Post, comes as Democrats unleash a volley of criticism against the central bank. Earlier on Thursday, lawmakers called for more consideration of African American, Latino and female candidates for top Fed posts in a letter to Chair Janet Yellen. The missive was signed by a majority of the Democratic members of Congress.
Clinton’s position garnered praise from the union-backed Fed Up coalition, which coordinated the congressional letter.
The campaign’s comment also partly echoed a proposal that Fed Up put out last week, in which former Fed economist Andrew Levin suggested structural reforms for the central bank. Levin argued that the Fed should be made a more public institution.
Currently, regional reserve bank boards have nine directors: six are elected by member banks, with three representing commercial banks and three representing the public. The final three directors are appointed by the Board of Governors in Washington, and are also meant to represent the public.
Bank Control
That means two-thirds of the board seats at the 12 regional Fed banks are controlled by commercial banks, Levin wrote, saying that the directors should instead be affiliated with small businesses and non-profit organizations and selected through a “process overseen by the Federal Reserve Board and involving the elected officials in each Fed district.”
“The process should ensure that directors are representative of the public in terms of racial/ethnic and gender diversity and educational background and professional experience,” Levin wrote.
Esther George, president of the Kansas City Fed, said Thursday that “diversity for the Federal Reserve is critical,” and that progress has been made both at the board of directors and at the staff level in making sure the Fed reflects the communities that it serves.
Preserving Independence
Richmond Fed President Jeffrey Lacker pushed back against proposals to make the Fed more public in an article posted Thursday. He said the regional branches’ hybrid governance structure “has come to play an important role in the independence of monetary policy” and “independence allows monetary policy to place greater weight on the long-term benefits of low and stable inflation.”
“The current Fed governance structure may not be ideal,” Lacker wrote. “But until there is a proposal that preserves the monetary policy independence that is so vital to the Fed’s mandate, we should stick to what we have.”
While there have been various Congressional attempts at shaking up Fed structure in recent years, those have made little headway. For instance, Republican Senator Richard Shelby proposed a bill last year that would have tweaked the New York Fed, making its leader a presidential appointee, among other changes, but it never passed.
Donald Trump, the presumptive Republican presidential nominee, has also weighed in on the Fed in recent days. On CNBC last week, Trump said that he’s a “low-interest” person and that he would replace Yellen when her term ends.
By Jeanna Smialek
Source
Blood in the Streets: A Conversation About Gun Violence in Chicago
Gawker - July 11, 2014, by Jason Parham - Earlier this week, writing for The Daily Beast, Roland Martin proposed a...
Gawker - July 11, 2014, by Jason Parham - Earlier this week, writing for The Daily Beast, Roland Martin proposed a solution to combat the surging violence on Chicago's South and West Sides: Send the National Guard to Chicago.
Martin's essay, narrow-minded and altogether ill-considered, was sparked by the recent killings that took place over the July 4th weekend—84 people were shot, and 14 killed. The city's poor black neighborhoods have become a recurring national talking point since President Obama, who calls Chicago home, assumed office in 2008: Violence and death, it seems, are the only constants in Chiraq. Concerned that Martin's solution for military occupation ultimately presents more harm than benefit to residents, I reached out to Ernest Wilkins, a reporter for RedEye Chicago, Josie Duffy, a writer and policy advocate at The Center for Popular Democracy, Jamilah Lemieux, senior digital editor at Ebony, and Kiese Laymon, author and contributing editor at Gawker, for answers. Our conversation appears below.
Josie Duffy: I have a lot of thoughts on this, but I'll start the conversation off by just saying one thing. If 84 people are shot and 16 are killed in one city in one weekend, I think it's clear the government has failed somewhere. So I think Martin is right insofar as the government has a responsibility to respond and attempt to rectify the problems plaguing Chicago.
But this sort of violence doesn't appear out of thin air—it's a response to a long history of systemic deprivation. That's why Martin's solution is deeply misguided, both on principle and practice. And while he suffers from a number of problems in this article – a memory deficiency, an overabundance of self-righteous moralism—perhaps the most pronounced is his laziness problem. He has a creativity deficiency.
This is his idea? More law enforcement? His suggestion is extreme, sure, but it's neither innovative nor intelligent.We're ahead of you, Roland. We've tried that. Law enforcement—from the police to the prosecutors to the prisons—have been working overtime for decades. Spoiler alert: It hasn't worked. In fact, it's made things worse in a lot of ways.
Somewhere along the way many people forgot that victims and residents of places like Chicago and St. Louis and Brownsville are perfectly capable of speaking for themselves, so I don't want to pretend to know what's best for those residents. What I do know, however, is that violence across America and especially in Chicago is perpetuated against the poor and the black and the brown. It's not a coincidence that we're talking about the same demographics that have been not only ignored, but explicitly and intentionally prevented from access to education, economic mobility, and safety. This idea of the powerful causing the problem and then swooping in to benevolently gift us the "solution" is offensive. You can't make up for systemic deprivation through law enforcement. Law enforcement doesn't have the nuance, it doesn't have the tools, and it doesn't actually work. It's reactive and not preventative. Stop trying to find a shortcut where there is no shortcut.
Do any of you think there a way, as Roland suggests, to address violence without addressing poverty? Also, has Roland heard anything about Iraq and Afghanistan lately?
Ernest Wilkins: Josie, you're so on point about the residents of Chicago being able to speak for themselves. Before we consider rolling troops down Stony Island or through the Low End, maybe we should address the lack of communication taking place between the people in these neighborhoods and the people in power in Chicago. Nothing changes without that. When I say "ignored" understand that, in a lot of cases, that's literally happening. There have been countless meetings, initiatives, caucuses, fish frys, etc. with members of the communities suffering from this violence and the people in power. You would think some insight would have been gained by now. Instead, the conversation usually goes like this:
"What is the problem here? Why is everyone killing everyone?"
"We're poor. We need money and jobs in this community."
"Ok. What's the solution to this violence though?"
"We just told you. Money and jobs in the community. A lot of this goes away with opportunities to do better in life that we currently aren't being afforded due to ignorance about our plight. Stop lumping everyone into a faceless mass of "gangbangers" and listen to us as human beings."
"Maybe you're not understanding me here. WHAT. IS. THE. SOLUTION. TO. THE. PROBLEM???"
"...We give up."
Even worse, when people from these communities define the exact issues that lead to this violence, their opinions are picked apart and not taken seriously, with the response usually being some variation of tired-ass narratives like, "You need to fix your community by pulling yourselves up by your bootstraps, not blaming the white man" or "Something something Al Sharpton, Jesse Jackson" or the "solution" Roland Martin presented in that piece.
The fact is, the people who die in our streets aren't looked at as real humans. We've obsessed over the numbers and crunched the stats so much that the baseline reaction now after hearing that TRIPLE the amount of the lives lost in the Boston Marathon bombing were killed over the weekend some four miles from your house is that of numbness. You aren't sad. You aren't angry. You just post an incredulous "This has got to stop!" message to your Facebook feed, and keep it moving.
Jamilah Lemieux: Josie and Ernest, I think you've both summed up a great deal of my own frustration with the media narrative that talking heads like Roland have driven and also, the apathy that comes with being detached from the actual violence. I read this week that 85 percent of the city's violent crimes affect 5 percent of the population. That means that your average Chicagoan doesn't know anyone who has been harmed or killed, nor do they live in an area that has been affected by the violence—which is primarily concentrated in two of the cities 60 zip codes.
Fourteen homicides in a weekend is a tragedy no matter what the circumstances, but I believe that so much of the reporting on these shootings has to do with 1) the 24-hour news cycle that didn't exist when the murder rate was significantly higher in the 90s and 2) the president's connection to the city. There is something so wrong about Roland implying that the entire South and West Sides are on fire. I am tired of trying to explain the culture and the geography of my hometown to people who have never set a foot outside of O'Hare Airport because they are somehow experts on all things black and terrible. And as someone who left here—I just happen to be in town this week—12 years ago for college and never moved back and never intends to do so, I recognize my own limitations in identifying some of the shifting dynamics that have brought us from being known as "Chi-Town" to "Chiraq." However, when someone says something as reckless as 'send in the National Guard' to police American citizens who have never had the honor of being treated as such, it makes it plain that folks aren't even trying to understand what is at play here.
My parents can tell you stories of black Chicagoans being terrorized by the National Guard during the 1968 Democratic National Convention and the riots that ensued under the regime of the late and notorious Mayor Richard Daley (the first one). That any black man over the age of 40 would see this as a viable solution makes me question his knowledge of history and also, just what he thinks the National Guard does. They are trained to shoot and kill, to mobilize for war. How does that serve the people of this city? Who does that help? I do believe that government intervention—on a federal and local level—is appropriate, but coming in with guns to fight guns only increases the likelihood that innocent black people will find themselves incarcerated, maimed, or worse. What a solution looks like, I don't know, but as Ernest said, we should be looking to the people who are HERE and fighting that fight daily, as opposed to a tired police chief from Newark and the Army, to decide what that should be. People are poor, jobs are scare, the "you aren't welcome here anymore" gentrification is making it difficult for people to commute to the jobs they do have, to afford the rent and groceries that may have already been a challenge. But some cat from the South thinks that what we need are tanks and guns? That's infuriating.
Kiese Laymon: Thank y'all for breaking all of this down with plenty care, introspection and imagination. I'm not sure I have much to add other than more questions. Half of my family moved to Chicago, Indiana, and Racine a few decades ago to escape Mississippi.
I remember my Aunt Daisy—who lost a daughter to violence, and lost her son to years in prison after he was found guilty of violence—saying that there are more folks on the ground fighting to keep kids alive than anywhere else she ever lived. But those folks, Daisy claimed, are the least well-paid folks she knew.
I'm wondering what happens if we really invest in the work of folks in Chicago really fighting to ward off what white supremacy and unexplored sexist culture has produced. And if we can't allow or expect adequate compensation for those folks, should we find creative ways as black folks to fairly compensate and fairly train the folks in our community who want to do this work? What would a communal creative financial commitment to fighting the consequences of white supremacy look like?
And what role should black folk who don't live in those communities anymore play?
My other question is a tougher one. I come from a place very similar to Chicago. Jackson's murder rate is routinely higher proportionately than Chicago's. Like a lot of folks who grew up there in the 80s and 90s, I feel lucky to be alive. I know part of that is because of small classes, committed freedom fighters who let me know over and over that killing and fighting each other was playing into the hands of the worst of white folks, and a grandma I never wanted to let down. I'm not in Jackson anymore. And while I write words that I know some young folk in Jackson read, do we have the responsibility to go back to the communities we come from and commit to learning and teaching and fighting for the future of our people?
I work with young middle schoolers and high school kids in Poughkeepsie, but that's not home. Should we go home and commit to loving our people, especially when folks are talking bout unlovingly sending in men with guns to discipline them if they don't act right. Should we go home and fight?
Jason Parham: The answers we're looking for won't be easy. And while I don't agree that the National Guard is necessary to help mitigate the violence sweeping across the South Side and West Side of Chicago, I do agree that an increased level of authority—via residents who wield some sort of influence, community organizers, etc—might help subdue a portion of the terror taking place. But even then, we are not really unearthing the root of the problem.
As Ernest pointed out, there are a lot of variables at play here, the most horrific realization being: black life doesn't account for much in America. And the statistics Jamilah offered reinforce this. People who visit Chicago via a CNN news broadcast or a clip uploaded to YouTube see us, but they don't really see us. This, of course, is nothing new. But it is something that I think about often, and I wonder how a similar situation would play out in an area populated by, say, middle class whites. I accept this reality, though—a reality, I should say, that we are forcibly trying to alter, stubborn as it might be—and understand that there are cultural structures in place that allow for the continued devaluation of black and brown life (doubly if you're poor, triply if you're black, poor and a woman).
I don't have the one true solution to any of this. I'm a black man and I find value in our existence, in our love and support and uplift of each other. But I know that it begins with us. I take responsibility for my brothers and sisters. I acknowledge that what these young men are doing is wrong and hurtful, but I also understand that it comes from a place of anger and self-doubt and not wanting to be unloved. I am reminded of Kai M. Green's words: "What do we do with the scars, those of us who did not die, but still aren't free?" I don't want anybody to misinterpret what I'm saying: I am not making excuses for the violence, killing is a cowardly and terrible evil, but many of these young men are reckoning with traumas, tangible and intangible, they don't fully comprehend. A black man is born with a target on his back. That is our starting point. That some of us have made it this far is a miracle.
So to answer your question, Kiese: should we go home and fight? If we have the means to do so, absolutely. It begins with us; it begins with better and more sustainable community building. Why is it that these young men feel like joining a gang is their only option for acceptance and survival? Why is it that these kids are merely trying to "make it out" instead of trying to "live"? Obviously these issues are rooted to larger systemic problems within the context of America—the lingering residue of Jim Crow-era segregation, disinvestment in areas populated by poor black and Latino populations, inadequate schools in "urban" neighborhoods, the fracturing of the black family, etc etc—but not unsolvable. As Jamiliah noted, I don't want the readers to think we are speaking in absolutes here, this isn't the entire reality of communities at war—there are individuals doing great and important things on Chicago's South Side, and in neighborhoods like Brownsville and Compton—but the violence is a reminder that there is ever more work to be done.
Jamilah Lemieux: Do we have the responsibility to go back to the communities we come from and commit to learning and teaching and fighting for the future of our people?I struggle with this question often. On some level, I feel some guilt for leaving the place that nurtured my development and taking whatever talents or gifts I have to become part of this large New York machine. One of millions of transplants who, depending who you ask, either drain that city dry, or make it richer than its own natives could on their own. But on the flip, what does coming home look like? How do I make things better here? And do the unique challenges facing my hometown mean that I'm not entitled to the pursuit of happiness that led me to leave in the first place? Because I decided to leave long before "Chiraq" was something struggle rappers used to lend credence to careers that would have been felled by their lack of skills some 15, 20 years ago.
I'd like to believe that on some level, my work as a writer and editor who focuses on issues of race, gender. and sexuality is a contribution to my community—the black community, from Chicago, to Brooklyn and beyond. If I can figure out ways to help these South Side girls feel better about their sexual agency, or to address the flaws in the media narrative around Chicago from the place I've adopted as my home, is my absence still a betrayal?
In April, activist Leonore Draper was killed in a drive-by outside her home after leaving an anti-violence fundraiser. I honor her sacrifice, but I am not willing to give my life to Chicago. And while I understand the city well enough to know that the violence is largely contained to certain areas, and that Americans must be prepared to be shot at any time (see: Columbine, Aurora, Sandy Hook), I do feel that relocating back here comes with the increased possibility of being in the wrong place at the wrong time—especially if I were to return specifically to "help make things better." I have a child, she needs me and she needs to be safe. My ex is also from here, and when she is visiting the city without me, I just pray that the desire to go see Cousin or Auntie So-and-So in a rougher part of town takes a backseat to keeping our child away from harm. I worry over her being in shopping malls and on subway trains or anywhere that people can be found. I don't have what it takes to deal with her being down the street from where Chief Keef stays.
I try and do my best to be an ambassador for my city, to tell the Roland Martins of the world, "Look, you've got this wrong!" and to remind people that Chicago is not a city of savages, but one that has been criminally underdeveloped by structural racism and inequality. But I'm not willing to return, at least not now.
Ernest Wilkins: My family is from the Robert Taylor Homes. The environment that molded thousands of black lives—including my father's—literally doesn't exist anymore. The housing project was finally demolished in 2007. I've never been there and I never will. Still, there's still a sense of responsibility within me to do right by my people. I love Chicago. The city made me who I am. One of the main reasons I moved back home after college and living in Atlanta for a few years was to try and contribute to making the city better. As black people, I think the whole point is to recognize that situations like this affect all of us, no matter how much we might want to distance ourselves or feel like it isn't our responsibility. If you live in Brooklyn and have access to a few million, you can do more than I can on the ground here in the immediate sense. However, I can go talk to these kids and donate my time. Everyone can do something.
I think there's a sense of hopelessness and a feeling that the job is too big. The society that can save Chicago is the same one that's out here giving a man 20k to fund a goddamn potato salad on Kickstarter. We have the tools. These neighborhoods need awareness to the real issues, not rhetoric, posturing, and lack of empathy. No matter what though, the solution ain't troops, my guy.
Source
When Bosses Schedule Hours That Just Don't Work
Gap follows Abercrombie & Fitch, Starbucks and Victoria’s Secret in promising to end on-call scheduling. It took ...
Gap follows Abercrombie & Fitch, Starbucks and Victoria’s Secret in promising to end on-call scheduling. It took strong public and regulatory pressure to get the companies to change, but change they have.
Unfortunately, unpredictable scheduling is still widespread.According to federal data, 66 percent of food service workers, 52 percent of retail workers and 40 percent of janitors and house cleaners have at most a week’s notice of their schedules.
On-call scheduling is but one of many dubious pay and scheduling practices. Workers who show up for a scheduled shift may be sent home without pay if business is slow. Schedules can fluctuate from week to week, making it hard to manage family life or calculate a budget.
Victoria’s Secret engages in still another questionable practice. Salespeople are offered a bonus based on a formula that takes into account sales per hour. But the calculation includes hours when the store is closed — hours spent tidying up, for instance, when there is obviously no chance to make sales. By reducing the sales-per-hour number, this formula can put a bonus out of reach. Victoria’s Secret would not comment on its bonus policy.
The fundamental problem is that as scheduling has become a tool for higher profits, it has also generated unfair practices. Software lets employers calibrate maximum profit at minimum labor cost. Managers are often compensated on the efficiency of their staff. A retail manager’s best employee would not necessarily be the top seller, but rather the one who sells the most at the lowest pay.
Then, too, there is abuse of overtime, in which a company shifts work from hourly workers eligible for time-and-a-half pay to salaried workers who are ineligible for overtime pay. A former salaried executive assistant manager at Walgreens, Caleb Sneeringer, said his hours ballooned to up to 70 a week when the chain stopped scheduling most hourly workers for overtime around 2010. Walgreens says it does not have a no-overtime policy and tries to manage “overtime hours efficiently while providing a high level of customer service.”
A rule recently proposed by the Labor Department would be both fair and efficient. It would make salaried employees eligible for overtime if they make less than $50,440 a year. (The current threshold, which has barely budged since 1975, is $23,660.) Retailers and other low-wage employers strongly oppose the proposal. Meanwhile, bills in Congress and some stateswould curb some of the most disruptive scheduling practices, including on-call shifts or sending workers home early without pay. Approving these bills will require lawmakers to put the interests of workers ahead of their corporate contributors.
Source: New York Times
Lobbyists Know the Fed Has Political Power
Lobbyists Know the Fed Has Political Power
Your editorial is exactly right about the lack of impartiality with “The Federal Reserve’s Politicians” (Aug. 29)....
Your editorial is exactly right about the lack of impartiality with “The Federal Reserve’s Politicians” (Aug. 29). While created by Congress, the Fed continues to act as though it is completely unaccountable to the people’s representatives.
As I pointed out to Chairwoman Janet Yellen during a congressional hearing last year, her own calendar reflects weekly meetings with political figures and partisan special-interest groups. Even more troubling, there is a long history of Fed chairs or governors serving as partisan figures in the Treasury or the White House before their appointment. So while the Fed is quick to decry any attempts at congressional oversight, it cannot credibly claim to be politically independent.
We need a rules-based monetary policy that doesn’t leave the Fed with the potential to push an ideologically driven agenda. To make the Fed truly free from politics, the Fed Oversight Reform and Modernization Act of 2015, which my colleagues and I have passed through the House, should be signed into law. The American people deserve transparency at the Fed and market-driven monetary policy that can finally restore confidence in our economy.
Rep. Scott Garrett (R., N.J.)
Glen Rock, N.J.
Your editorial accuses Fed Up, a group representing low-income black and brown communities, of politicizing the Fed, when big banks have always had undue access and influence over the Fed’s policies.
In fact, commercial banks literally own the Federal Reserve. Unlike nearly every other central bank in the world, the Fed isn’t a public institution but instead operates as a joint venture with the banking sector. It is not true that as long as this status quo of Wall Street domination continues, then the Fed is “independent,” but when the Fed Up campaign’s low-income people of color dare to join the monetary-policy conversation, then the Fed’s “independence” has been compromised.
You mention that retirees living off their retirement plans are suffering from a decade of near-zero interest rates. Presumably this refers to retirees who might have a hundred thousand or two tucked away for retirement. This is already far more than the low-wage workers who have joined our campaign will be able to accrue over a lifetime of working.
But let’s take the argument at face value. Even if the Fed were to raise interest rates up to 2%, that’s a mere $2,000 on $100,000 savings over a year. That won’t make much of a difference to how well a middle-class retiree lives, but hiking rates to that level prematurely could cut off struggling families—who are disproportionately people of color—from the added jobs and higher wages they so desperately need.
Shawn Sebastian
Fed Up Campaign
Brooklyn, N.Y.
Lobbying the Federal Reserve as if it is a legislature began with the Humphrey-Hawkins legislation and the Federal Reserve Reform Act of 1977. The chair of the Fed became politicized and conflicted as the act included mandated congressional grilling of the Fed chair, who is now required to stabilize prices, moderate long-term interest rates, while at the same time delivering low unemployment. These lofty goals can’t necessarily be simultaneously executed, as Paul Volcker showed so well when he attacked inflation, effectively saying that employment would rise with a solid economy that had price stability.
Mr. Volcker had the courage to take the abuse and address his critics as he followed a logical path and publicly explained it, but successive chairs have gradually focused more on pleasing the president who appointed them.
Rep. Kevin Brady’s idea for a commission to rethink the idea of the Fed is a good start. We now have about 40 years of increasing monetary, fiscal and employment messes, with a paralyzed Fed, unsustainable deficits and underemployment because politics tramples economic common sense.
Larry Stewart
Vienna, Va.
Source
Amazon Not Happy with Seattle’s New Compromise Head Tax
Amazon Not Happy with Seattle’s New Compromise Head Tax
An open letter May 14 to the city of Seattle from about 55 elected leaders—some from cities on Amazon’s short list for...
An open letter May 14 to the city of Seattle from about 55 elected leaders—some from cities on Amazon’s short list for HQ2—rebuked Amazon for its tactics and its opposition to the tax proposal. “We urge you to remain steadfast in your commitment to this effort to reduce homelessness and the persistent inequities faced by all of our cities,” the leaders wrote to their Seattle colleagues.
Read the full article here.
BREAKING: Maryland Legislature Restores Voting Rights To 40,000 Ex-Offenders
Source: ...
Source: ThinkProgress
Maryland’s legislature voted on Tuesday to override Gov. Larry Hogan (R)’s veto of a bill to give more than 40,000 ex-offenders in the state the right to vote while still on parole or probation.
Maryland joins 13 other states and the District of Columbia where citizens are permitted to vote immediately after serving their sentences. Hogan vetoed the legislation in May of last year after the legislature passed it with large majorities.
In response to the override, Hogan’s office issued a statement saying that he was disappointed with the decision and that “our citizens deserve better.”
“Today, twenty-nine people in the Maryland Senate decided to ignore reason and common sense and support an action that the vast majority of Marylanders vehemently oppose,” a spokesperson for the governor said. “For too long, voters have been completely ignored by their elected representatives in Annapolis.”
But there’s no evidence that a “vast majority” of Maryland voters opposed the bill, and national polls show that strong majorities of Amercians support restoring voting rights to non-violent offenders who have served their sentences. Emma Greenman, director of voting rights and democracy at the Center for Popular Democracy, told ThinkProgress that the legislature’s override is crucial for ensuring full political participation in Maryland.
“A lot of those voters are in Baltimore,” she said. “When we talk about political participation, it’s really important. This is a disenfranchised by law community. It’s so important to restore the rights for these 40,000 folks who are paying taxes, raising families, and want to have a political voice in the decisions that are affecting their lives.”
Ex-offenders and their allies unsuccessfully demonstrated in favor of the legislation in Baltimore last year to pressure the governor to sign the bill. Those in favor of the bill also wrote letters and phone banked to emphasize the importance of voting in helping people reintegrate into society after jail or prison.
The bill’s author, freshman Delegate Cory McCray (D-Baltimore), told ThinkProgress last May that it was crucial that people demonstrated to keep elected officials like Hogan accountable.
“When you can’t vote, you don’t have a seat at the table,” said McCray, whose Baltimore district has one of the highest ex-offender populations in the state. “Obviously, they’ve made mistakes, but these are our family members, our friends, our neighbors. These folks pay taxes. You can’t leave 40,000 people out of the conversation on subject matters that directly and indirectly impact them, like criminal justice reform, housing, access to fresh foods, employment, and transportation.”
Greenman, who was involved in the campaign to introduce the legislation, also said its passage will make it much easier to administer elections in the state because anyone not serving time in prison at the time of an election will be given the right to vote.
“It’s incredibly pragmatic for election administration,” she said. “It’s easy for folks on the ground, easy for folks coming out of prison to understand, and easy for election administration officials. Its a clear line.”
Greenman said she hopes the move creates momentum across the country to restore voting rights for ex-offenders. Currently, Minnesota lawmakers are considering a similar change. And more pressure is being put on Florida and the few states that permanently disenfranchise their former felons.
2 months ago
2 months ago