Banks on the Run (Continued)
The Nation - April 30, 2013 - You can’t talk about poverty without talking about the practices of the big banks,...
The Nation - April 30, 2013 - You can’t talk about poverty without talking about the practices of the big banks, including their continuing refusal to stem the foreclosure crisis through mortgage principal reductions.
Consider this: Latinos lost 66 percent of their household wealth after the housing bubble burst, and African-American households lost 53 percent. Nearly 12 million families—disproportionately people of color—have either lost their homes or are currently in foreclosure, and another 16 million are underwater, owing more on their mortgages than their homes are worth.
Communities are decimated by boarded up houses and vacant lots, declining property values and the consequent loss of state and local revenues, and fewer opportunities to weather and recover from financial hardship. A new study from the Urban Institute indicates that white families now average six times the wealth of African-American and Latino families.
So when US Bank executives fled Minneapolis two weeks ago to hold their annual shareholders meeting in what they believed would be friendlier confines in Boise, it was important that activists from Minnesota and Oregon traveled to join Idahoans in an effort to hold the bank accountable. Then last week, Wells Fargo bankers traveled from San Francisco to Salt Lake City for their shareholders meeting, and activists again weren’t deterred—they came from California, Colorado and New York to stand with local groups and protest the bank’s practices.
“Wells Fargo moved the shareholders meeting to Salt Lake because last year there were 3,000 people in the streets in San Francisco,” said Maurice Weeks, campaign coordinator for the Alliance of Californians for Community Empowerment (ACCE), which had fifteen members make the eleven-hour trip to Utah. “We wanted them to know that they can’t hide from us.”
ACCE members attended the shareholders meeting as legal proxies. They were joined by members of the Neighborhood Economic Development Advocacy Project (NEDAP) from New York, the Colorado Student Power Alliance and local groups from Salt Lake City that were focused on Wells Fargo’s investments in private prisons and the impact on communities of color.
Several ACCE members in attendance were facing immediate foreclosures and welcomed the opportunity to tell Wells Fargo CEO John Stumpf—who was paid $22.87 million last year, more than any other banker—that they hadn’t been given a fair shake.
“We’re talking about folks who could pay their mortgages and stay in their houses with a modification, and Wells refuses,” said Weeks. “We’ve had situations where a HUD counselor tells our members that they qualify and Wells still denies a modification.”
More broadly, ACCE was there to demand that Wells commit to pursuing principal reductions—reducing the amount owed on a mortgage so that it reflects the fair market value of the property—wherever they are legally able to do so. A recent report from ACCE, the Center for Popular Democracy and the Home Defenders League suggests that foreclosing on the more than 11,600 California homes currently in Wells’s foreclosure pipeline—which are concentrated in poor and non-white communities—would cost the state approximately $3.3 billion due to the decreased value of the foreclosed properties, decreased value of homes in the surrounding communities and lost tax revenues. In contrast, a comprehensive program of principal reduction would stabilize households, increase tax revenues and boost the economic vitality of distressed communities. (Modifications also happen to be better for the investors who hold the mortgage, but unfortunately banks that service the mortgages—like Wells Fargo—can often make more money by foreclosing.)
A second key demand by ACCE members was that Wells Fargo report its data on principal reductions, short sales and foreclosures by race, income and zip code. Last year, the bank reached a $175 million settlement with the Department of Justice for allegedly charging African-American and Latino borrowers higher rates and fees and steering them into subprime loans when they should have qualified for regular loans.
“Our members want to make sure Wells isn’t still preying on communities of color,” said Weeks.
NEDAC presented a resolution for an independent investigation of Wells Fargo’s business practices in order to ensure that they don’t violate any fair lending or fair mortgage laws. Although the resolution was voted down, Weeks said it received more discussion than any other resolution presented to the shareholders.
“ACCE members—but also people we didn’t know—were all voicing concerns about Wells Fargo’s mortgage practices,” said Weeks.
According to Weeks, when Stumpf tried to move onto “business as usual,” Makayla Major, an ACCE member from East Oakland, stood up and shouted, “John Stumpf, you’re a liar and a crook. You are stealing too many homes in my neighborhood!” Weeks said that the room was lined with “forty or fifty” security guards and that “six or seven” immediately moved in to “make her be quiet.”
Then ACCE member Manuela Alvarez—who has been trying unsuccessfully to modify her subprime loan since her husband was injured on the job—said, “You are trying to steal my home, like you’ve stolen the homes of tens of thousands of other hard-working families. It’s time for you to be held accountable!”
She, too, was quickly surrounded by security.
ACCE member Melvin Willis then began reading a “Citizens Arrest Warrant” for Stumpf for “the following crimes: illegally foreclosing on millions of homeowners nationwide; intentionally targeting communities of color with predatory, high-cost loans; and gouging students with predatory student loans—usury.”
“He was immediately swarmed and at that point we were all escorted out of the room and the hotel,” said Weeks. “But John Stumpf and the shareholders definitely heard our message, and we made it clear that they can’t ignore these issues.”
Wells Fargo made $19 billion in profits last year and record profits last quarter. None of this would have been possible without the bank bailout and continued borrowing of taxpayer money at zero percent interest from the Federal Reserve (which Wells Fargo and the other big banks then turn around and loan to state and local governments at much higher rates).
ACCE and its allies showed up in Salt Lake City to take a stand against a wealth-stripping machine. There will be more actions ahead against Bank of America (May 9), Sallie Mae (May 30) and Walmart (June 7). Sign up to stay informed here.
“The message from the banks is that the foreclosure crisis is over, and a lot of the general public is hearing that,” said Weeks. “But we see on the ground that that’s far from true, and that Wells Fargo continues to profit at the expense of our communities. That’s why we’re keeping up the pressure of this campaign. We’re going to fight for our communities as hard as we possibly can.”
Source
Steve Forbes: 'Tax-and-Spend Fever' Is Breaking Out Over Highway Fund
Steve Forbes, editor-in-chief of Forbes Media, isn't too impressed with proposals in Congress to finance transportation...
Steve Forbes, editor-in-chief of Forbes Media, isn't too impressed with proposals in Congress to finance transportation spending with tax hikes.
"Uh-oh! Washington is coming down with another tax-and-spend fever," he writes in Forbes magazine. "The cause this time is an old-timer: highway spending. The prospect of ladling out more money for roads even has many Republicans acting like dogs in heat."
The Highway Trust Fund, which finances most transportation programs, is broke, Forbes explains. About 90 percent of the fund's money comes from federal gasoline and diesel taxes. And that's not sufficient now to pay for existing projects.
"What to do? In Washington the answer is almost always more taxes," Forbes says. To finance the fund, politicians want to boost gasoline taxes and levy a tax on companies' foreign earnings.
So what should be done for the highway fund? "Just pump in general appropriations," Forbes recommends. "Then return the fund to its original 1950s purpose: to build and maintain the federal Interstate Highway System, period."
Elsewhere on the economic policy front, Connie Razza, director of strategic research at the Center for Popular Democracy, says that while the Great Recession officially lasted from December 2007 until June 2009, for many Americans, it's still not over.
And that's a good reason for the Federal Reserve to refrain from raising interest rates soon, she writes in The Nation.
Most economists expect the Fed to lift short-term rates off their record low in either September or December. "A Fed decision to raise rates amounts to a vote of confidence in the economy—a declaration that we have achieved the robust recovery we need," Razza says.
"But for many millions of Americans, the recovery has yet to arrive, and for them, a rate hike will be disastrous. It will put the brakes on an economy still trudging toward stability, stall progress on unemployment and slow wage growth even more."
The unemployment rate fell to a seven-year low of 5.3 percent in June, but wages have averaged an annual increase of just 2 percent since the Great Recession ended.
Source: NewsMax Finance
Leadership at Fed’s regional banks is getting more diverse. But there’s still work to do, report argues.
Leadership at Fed’s regional banks is getting more diverse. But there’s still work to do, report argues.
“But diversity within the Federal Reserve’s regional banks hardly measures up, according to a new report compiled by...
“But diversity within the Federal Reserve’s regional banks hardly measures up, according to a new report compiled by Fed Up, a campaign of the Center for Popular Democracy, a left-leaning advocacy group. The report highlights the lag in gender, racial and occupational diversity among the presidents and boards of directors of the regional reserve banks. Researchers say this serves to further isolate already marginalized groups such as women and communities of color from monetary policy.”
Read the full article here.
The Empty Center: Challenge and Opportunity for Progressives
Huffington Post - January 15, 2015, by Robert Borsage - Legislators in the new Congress haven't even cut the curtains...
Huffington Post - January 15, 2015, by Robert Borsage - Legislators in the new Congress haven't even cut the curtains for their offices, but it is already clear that the right has no clue and the "center" offers no hope.
Republican Mitch McConnell, newly installed as Senate majority leader, announced that his goal is not to be "scary." House Republican leader John Boehner declared his troops had to prove Republicans can "govern."
But Republicans are already tripping over those low bars. They stuffed the legislative docket with "message" bills to repeal Obamacare, rollback immigration reforms, and cripple agencies that protect the environment (Environmental Protection Agency), consumers (Consumer Financial Protection Bureau), workers (the Labor Department) and taxpayers (cutting the IRS ability to police tax dodgers). They've already proved adept at backroom maneuvers to tuck Wall Street favors in "must-pass" legislation.
The truly "scary" agenda, however, is the legislation that McConnell and Boehner have teed up for bipartisan approval: authorization of the Keystone Pipeline is already on the president's desk; next comes fast track trade authority to grease the skids for the Trans-Pacific Partnership trade deal, corporate tax "reform" that "simplifies" the tax code and lowers rates, and inevitably a budget that will posture on a budget deficit that should be larger while ignoring the debilitating deficits that must be smaller (the public investment and trade deficits). It will starve already inadequate programs for the vulnerable, while larding more on an already bloated Pentagon.
These "bipartisan" measures assume that the best thing to do in a hole is to keep digging. Progressives will have their hands full simply trying to stop the parade of horrors, which will require either Democratic unity in the Senate or firm presidential vetoes -- both less than certain trumpets. Obstructing the horrible, however, necessary, is not sufficient. Republicans already suffer from the absence of any positive agenda. Their pollsters have finally accepted that they must find a populist voice, but thus far that entails not much more than donning a hardhat atop their uptown garb.
Confront and Counter
Progressives must find ways not simply to confront the Republican idiocies, but to counter with a bold reform agenda that commensurate with the size of our problems.
We suffer an economy that does not work for most Americans even in the fifth year of "recovery." This can only happen because the rules have been systematically rigged to favor the few. Changing that reality requires far more than a few sensible reforms. It requires taking on fundamentals at the heart of our economy: transforming our global tax and trade policies, shackling Wall Street, progressive taxes to pay for vital public investment, empowering workers and curbing perverse CEO compensation policies, reviving anti-trust, curbing money in politics, cleaning up Washington, capturing a lead in the green industrial revolution.
In this effort, President Obama will be at best a sunshine general. Hopefully, he will continue to frame vital wage reforms -- calling for lifting the minimum wage and guaranteed sick days and family leave, enforcing overtime, procurement reforms that give preference to "good jobs" employers. He will continue to build his legacy on the environment. But on fundamentals -- trade, Wall Street, public investment, anti-trust and more -- he's more part of the problem than the solution.
At the national level, Senators Elizabeth Warren, Sherrod Brown, Jeff Merkley, Bernie Sanders have begun to take the lead. A broader formal or informal populist caucus in the Senate, and the strengthened Congressional Progressive Caucus in the House can help define and drive big alternatives, with outside allies rallying support and taking the names of the Blue Dog or Wall Street Democrats who don't get it. Major debates -- on trade, on taxes, on budgets -- can be occasions for offering real alternative directions.
The danger here is that the debate turns quickly to framing "message" bills rather than debating fundamental reform. The recent rollout of the Democratic middle-class tax cut shows the perils. The proposal excels for partisan positioning. It offers working Americans real money -- a $2,000 tax cut, paid for by taxes on the banks and the rich. It puts Republicans in a box, since they won't raise taxes to pay for the equivalent. But a tax cut competition with Republicans is something of a mugs game. It accepts the conservative notion that tax breaks offer workers the only hope for a raise. And by devoting progressive taxes to tax cuts, it defaults on addressing our debilitating public investment deficit. If Democrats aren't making the case for rebuilding our starved public sphere -- including basic infrastructure like roads, rail and sewers, providing the basics for schools, investing in R&D -- then we will all suffer.
The debate about agenda should not be left to legislators. The January AFL-CIO convocation on raising wages -- which will be echoed in forums across the country -- provides one example of how progressive groups can help frame and drive the reform debate.
Local Action; National Megaphone
With Washington largely gridlocked, progressives have sensibly turned more attention to driving reform at the state and local level. Given Republican gains at the state level, many of those battles will be defensive, against their assault on unions and worker rights, and their efforts to rollback environmental protection while constricting the rights of women, voters, and the vulnerable.
But in blue states like California and in blue cities even in the midst of red states, progressives should be championing fundamental reforms. Already significant progress has been made in raising the floor under workers -- raising the minimum wage and extending basic worker guarantees. Procurement reforms can offer preference to good jobs employers, and enforce buy America provisions. As California Governor Jerry Brown has shown, states can drive the climate debate, extending state renewable energy standards and providing markets for renewable energy. State taxes could favor companies that maintain less obscene ratios of CEO to worker pay.
None of this will come easy, given the hold of corporate interests over state and local politics. Citizen groups like National People's Action, PICO, Jobs with Justice, LAANE, the Center for Popular Democracy along with labor unions like SEIU and AFSCME are already driving change. What is needed is a coherent strategy to provide a national megaphone that provides local reforms with national attention, demonstrating that progressives are not only on the case, but also on the march.
People in Motion
As the film Selma correctly makes clear about the transformation of civil rights in the 1960s, none of this will get done without people's movements -- people in motion protesting the rigged game and demanding a better deal.
Occupy Wall Street set the stage, awakening Americans and the mainstream media to the Gilded Age inequality that too many had come to accept as natural. The demonstrations of fast food workers and low wage government workers have begun to challenge the Wal-Mart low road in the economy. What progress has been made on immigration reform has come from aggressive popular mobilization. The environmental movement has begun to show its force in the streets. It would be useful to link with money in politics groups to expose and confront the entrenched interests and corrupted politicians that cling to climate denial. Students, graduates and parents should be rallying against the absurdity that getting a college education all say is necessary requires taking on debt burdens that all agree are ruinous.
What the labor movement, the civil rights movement, the women's movement, the gay rights movement, the Latino movements have shown over and over again is one simple truth: Those who benefit from a stacked deck won't call for a new deal. Fundamental change comes only when the oppressed make it impossible to sustain the old order.
2016: Who Is Prepared to Stand?
The mainstream media have already begun their saturation coverage of the 2016 presidential horserace. How will Hillary run? Will she be challenged by Elizabeth Warren or Bernie Sanders or another candidate on the left? Will Bush or Romney consolidate the Republican establishment? Who will emerge on the right? Where is the big money going in both parties?
In this coverage, platforms and reform ideas are contrasted with those of rival candidates, measured only for their potential political effectiveness. Congressional showdowns are measured by their potential effect on "the race." In the lead up to 2016, this is likely to disintegrate into the competitive posturing of ersatz populists. Absent is any measure of the ideas against the scope of the challenges Americans must struggle with everyday.
Filling this vacuum is the imperative for progressives. The real question isn't who is prepared to run, but who is prepared to stand for fundamental reform? This is one reason why progressive challengers in the primaries are so important. Hard-pressed Americans pay little attention to politics or to congressional debates. Presidential primaries often surprise because they are one occasion where, if activists are engaged, a broader public begins to pay attention.
Progressive challengers -- a Bernie Sanders, Jim Webb, Elizabeth Warren or Sherrod Brown -- can force a debate on what it really takes to make this economy work for working people. They can expose the limits of the center reform agenda, and the scope of real alternatives. It would be a true tragedy if 2016 took place without a fundamental debate about the stark reality we face and the presidential contenders plan to do about it.
But again, no challenge in the Democratic Party will have legs unless people are in motion, mobilizing, challenging business as usual, and forcing politicians to get outside of their comfort zone. Dislodging the entrenched interests and big money that dominate our politics won't be easy. It won't happen in one election or with one movement. Democracy, as Bill Moyers has written, isn't easy. But it is our only hope.
Source
Crece interés de inmigrantes por irse de NYC a sus países
Crece interés de inmigrantes por irse de NYC a sus países
Hace siete años José V dejó su trabajo en Colombia como cajero en un banco y llegó a Nueva York, dispuesto a quedarse....
Hace siete años José V dejó su trabajo en Colombia como cajero en un banco y llegó a Nueva York, dispuesto a quedarse. Las deudas y los serios problemas económicos de su familia lo pusieron a soñar con una mejor vida, que no podía alcanzar con su salario mensual de apenas $350. En menos de una semana de llegar a la Gran Manzana ya estaba trabajando en un restaurante como lavaplatos, ganando más dinero, y en cuestión de semanas la vida le empezó a sonreír.
Lea el artículo completo aquí.
Building a National People’s Movement
Building a National People’s Movement
Over the past year, millions of workers have earned a raise as a result of the growing boldness of workers and...
Over the past year, millions of workers have earned a raise as a result of the growing boldness of workers and organizers across the country. The success of the Fight for 15 and similar movements is no accident. Rather, it is the product of years of experimentation, perseverance, and creativity—and today, organizers may have finally hit on a powerful formula for helping workers take back some measure of power.
This success stems first and foremost from a basic reality: The economy in its current state is just not working for Americans. Nearly a decade after the 2008 recession, millions of families around the country have yet to be even touched by the recovery. Wages have stayed flat even as worker productivity has soared. Too many are stuck in jobs that don’t pay the bills, working hard and failing to even stay afloat.
Moreover, it has become increasingly clear that their suffering is by design, not a product of simple economics. The bad behavior of major corporations has been a driving force. Walmart and McDonald’s have come under fire for paying workers wages that force them onto public assistance to cover their basic needs. Pharmacy chains like Walgreens “promote” workers to salaried positions that require more hours without the chance at overtime pay. And countless businesses, from pizza chains to car washes, rob workers of an honest day’s pay through different forms of wage theft.
This atmosphere is ripe for the emergence of policies that give workers the pay they deserve. Getting these policies in place, however, requires a fight.
For years, community and labor organizations around the country supported workers by helping them organize themselves, going store by store, employer by employer. More recently, though, organizations such as Make the Road New York, Working Washington, New York Communities for Change, and others have begun to target entire industries—and, in turn, the economy as a whole. Pinning the blame on bad practices that are common to all companies—rather than one individual employer—allowed them to make the case that the problem demanded a widespread response.
Moreover, the demands have grown bigger, escalating from modest increases in the minimum wage to $8.75 to a more ambitious $10.10 and then all the way to $15. And while minimum-wage fights were traditionally separate from those for paid sick days, many organizers realized linking the two made for a far more powerful and galvanizing campaigns. The more ambitious our demands became, the more effective we have become, demonstrating the political salience of transformative demands.
Finally, more money for robust field campaigns was a critical part of the solution. Unions like the Service Employees International Union made a strategic decision to invest big in campaigns that would lift up the needs of all workers—including those who weren’t part of their union, a fundamentally new approach to organizing. As momentum grew, other unions and foundations have joined the cause, recognizing that helping working women and men to stand up for themselves and their families helps the whole economy. This funding has enabled organizations to launch bigger, more ambitious campaigns and to have the firepower needed to win them.
The results have been nothing short of extraordinary. Just a few years ago, when fast-food workers first went on strike in New York City, a $15 wage was unimaginable. This year, it became a reality in two of the largest states in the country—New York and California—affecting nearly nine million workers. Nearly 30 states have taken action to lift their minimum wage above the federal threshold of $7.25—and almost ten have done so for tipped workers. Ten states and more than a dozen cities have passed paid sick days for workers.
In the coming year, more than a dozen states and cities ranging from Wisconsin to Pennsylvania will be seeking a raise for their residents, reaching as high as $15 in many places. And, with half the country concentrated in America’s top 35 metro areas, the impact of these local laws has been disproportionate.
Today, organizers around the country are setting their sights on bigger goals, applying the lessons learned from the push for higher wages. We will be working to improve access to affordable housing, enact fair scheduling reforms that protect workers from unpredictable hours, and reduce the parasitic power and tax avoidance of hedge funds and other major corporations.
Yet individual victories are not enough. To truly convert this energy into lasting change, we will need a unified, nationwide movement that situates economic justice as just one part of a broader agenda of opportunity. And we will need this movement to be rooted in resilient, democratic people’s organizations on the front lines, all across the country.
This weekend, the Center for Popular Democracy is convening a People’s Convention that will bring together thousands of organizers from community groups across the country. The weekend will provide an opportunity to share lessons learned, to strategize together and to harness the energy of the past year into a powerful organized movement for progressive change through the next decade.
By providing the space for community leaders and organizers to begin working as one, we will begin to shift the balance of power back to working families and ensure the voices calling out for a future with dignity and justice will not fade out.
By Andrew Friedman
Source
Report Calling for More Oversight to Prevent Charter School Fraud Draws Rebuke
LA Times - March 23, 2015, by Zahira Torres - California lawmakers must strengthen financial oversight of charter...
LA Times - March 23, 2015, by Zahira Torres - California lawmakers must strengthen financial oversight of charter schools to stem cases of fraud and mismanagement that have already cost taxpayers $81 million, according to a new report from several advocacy groups.
The report by the Center for Popular Democracy, the Alliance of Californians for Community Empowerment Institute and Public Advocates Inc., said state and local leaders rely too heavily on self-reporting through whistleblowers or audits paid for by charter school operators. Local leaders also lack the staff and training to monitor charter schools and identify fraud, according to the report.
But the California Charter Schools Assn. offered a swift rebuke of the report in a two-page statement that said the authors offered dated examples of fraud and did little to prove that systemic problems exist.
The report pointed to cases that revealed $81 million in misused funds at charter schools over the last two decades, but said those do not reflect the true cost to taxpayers because weak financial controls allow fraud and mismanagement to go undetected.
Last year, the Los Angeles County Board of Education revoked the charter for Wisdom Academy of Young Scientists after auditors found that administrators funneled $2.6 million to the former director, her family and close associates.
“Given the rapid and continuing expansion of the charter school industry and the tremendous investment of public dollars, California must act now to reform its oversight system," the report said. "Without reform, California stands to lose millions of dollars as a result of charter school fraud, waste and mismanagement.”
The report said more focus must be placed on the state's 1,000-plus charter schools which received $3 billion in public funding last year.
Charter schools are publicly-funded but privately managed.
The California Charter Schools Assn. released a two-page statement Tuesday questioning the accuracy of the report and the authors' intentions. The group said it agreed that public dollars should be used appropriately, but argued that the report offered few examples of fraud.
In those cases, charter schools closed or made large-scale changes that helped prevent fraud in the future, according to the association.
"While we don't presume to understand the motives behind this report, we do know that California is a state where the charter school sector, authorizers and legislators have come together to put into place real solutions," the group said in the statement.
Recommendations in the report include mandating audits that would be specifically geared toward preventing fraud; requiring charter schools to set up internal risk management programs that would conduct annual fraud risk assessments; ranking charter audits by level of fraud risk and denying requests for new charter schools that do not commit to fraud controls.
The report did not study oversight policies or make recommendations for traditional public schools.
"To assume that there is greater risk at charter schools than school districts, particularly in light of all the real time oversight on financial reports, is simply unfounded," the charter school association said in its statement.
Kyle Serrette, director of education at the Center for Popular Democracy, said many public school systems employ internal auditors and have developed policies to help prevent fraud. But he said public schools should face the same scrutiny.
“There is no proactive system to monitor for fraud, waste and abuse,” Serrette said about the charter schools studied in the report. “California set up a system that prosecutes fraud rather than prevents it.”
He added, "We want to be able to detect the sheep from the sheep in wolves' clothing.”
Source
Knight: ‘My fellow Americans...’ Se fuerte!
Knight: ‘My fellow Americans...’ Se fuerte!
Franklin D. Roosevelt in 1933 was the first U.S. President to use the phrase “my fellow Americans”in an Inauguration...
Franklin D. Roosevelt in 1933 was the first U.S. President to use the phrase “my fellow Americans”in an Inauguration speech, according to historian Andrew Bergen, but over the years the catch phrase suggesting all of us being together, like a family, became so common that it lost its impact, if not meaning.
Read the full article here.
NYC immigrants fear raids as city fails to destroy ID card records
NYC immigrants fear raids as city fails to destroy ID card records
New York was alone in 10 U.S. ID card programs — including San Francisco and neighboring Newark, New Jersey — in...
New York was alone in 10 U.S. ID card programs — including San Francisco and neighboring Newark, New Jersey — in storing applicants' personal data, according to a report by the charity the Center for Popular Democracy in 2015.
Read the full article here.
Groups Charge $30 Million in Charter School Fraud, Call for Tougher Oversight
WHYY - October 1, 2014, by Tom Macdonald - A new report is calling for holding charter schools in Pennsylvania more...
WHYY - October 1, 2014, by Tom Macdonald - A new report is calling for holding charter schools in Pennsylvania more accountable.Produced by the groups Center for Public Democracy, Integrity in Education and Action United, the report says the $30 million in charter school fraud already discovered in Pennsylvania could be the tip of the iceberg because there isn't enough oversight.Kia Hinton of Action United says they are calling for reforms such as targeted audits because $30 million could have been put to much better use."Do you know what that could get us? That could get us more teachers so our classrooms don't have 40 students, that could get us textbooks, so our students have textbooks and that could get us support staff to support our teachers and our students," Hinton said.The groups are also calling for a moratorium on any new charter schools until more controls are implemented.Chinara Bioaal has a child in Philly schools and says the report is just a first step to end fraud."We will be conducting information requests on all charter schools to review board minutes to determine the quality or existence of their fraud risk management programs, we will challenge charter schools to sign the fraud risk management pledge adopting fraud risk management programs," Bioaal said.The Pennsylvania Coalition of Public Charter Schools responded to the report saying it supports prosecuting fraud and mismanagement. However "the report draws sweeping conclusions about the entire charter sector based on only 11 cited incidents in the course of almost 20 years, while ignoring numerous alleged and actual fraud and fiscal mismanagement in the districts."Source
2 months ago
2 months ago