Instead Of Turning On Each Other, Immigrant And Domestic Workers Unite To Form New Organization
The Huffington Post - November 17, 2013, by Farah Mohamed & Ryam Grim - In times of economic weakness, the...
The Huffington Post - November 17, 2013, by Farah Mohamed & Ryam Grim - In times of economic weakness, the ruling class has tended to pit domestic workers against immigrants, warning the former that wages are low and jobs are scarce because of the latter.
The effort in the United States has led to tremendous hostility toward immigrants, exhibited by then-GOP presidential candidate Mitt Romney's recommendation that conditions be made so unbearable for undocumented immigrants that they "self deport."
With precious little Latino support, the Republican coalition doesn't need to reconcile its domestic and foreign-born workers. But the Democratic Party, which includes many Latinos, Asians and African-Americans, is strengthened when the various elements of its coalition see themselves as aligned in a similar struggle -- one for jobs, better conditions and higher wages.
It's the kind of strengthened coalition that two major grassroots community organizations say they're hoping to build with a previously unreported merger. The Center for Popular Democracy and the Leadership Center for the Common Good will merge on Jan. 1, to become a larger and better resourced Center for Popular Democracy, officials at both groups tell HuffPost.
The new organization, which will have offices in New York and Washington, and staff in California, Minnesota and Illinois, will be composed of 35 staff members and 11 core partner organizations with more than 70 partner organizations in 27 states.
"We are actually trying to connect the world of immigrant justice and the world of economic justice by bringing together two hubs," said Ana Maria Archila, co-director of the new organization. "We haven't seen this level of popular trends and organizations in a while, and our merger is really kind of at the center in the world of economic justice, worker community and immigrant rights."
The Center for Popular Democracy, based in New York, has worked with a range of organizations fighting for social justice. Some of its victories include reforming the New York City Police Department's stop-and-frisk policing, raising New York's minimum wage and forcing the passage of legislation requiring paid sick leave for 1 million New Yorkers. The Washington-based Leadership Center for the Common Good advocates for low- and moderate-income communities, communities of color and immigrants.
By uniting, the two hope to increase their reach. For instance, the CPD maintains that its strongest ties are with immigrants' rights and worker organizations. LCCG, by contrast, works with partners rooted within the African-American community.
The merger would fill a vacuum in strong community advocacy. In 2009, conservative provocateur James O'Keefe targeted the Association of Community Organizations for Reform Now, a low- to middle-income grassroots activism group, in a series of videos which resulted in the dissolution of ACORN in 2010. House Republicans still include language in spending bills to ensure no federal money goes to the organization, even though it no longer exists.
But Archila and her new CPD co-director Brian Kettenring, who is a veteran of ACORN, see the new partnership as something different. "We're building something entirely new. We're not building a closed network," Archila said.
The new Center for Popular Democracy's mission, according to a concept paper provided to The Huffington Post, is to "build the strength and capacity of democratic organizations to envision and advance a pro-worker, pro-immigrant, racial and economic justice agenda." Staff will be organized around nine "core capabilities," including capacity building, campaigns and politics, and will focus on immigration rights and racial justice, economic justice, voting rights and democracy, education and housing, and Wall Street accountability.
"I would describe the new CPD as a campaign, policy and capacity-building center for community organizations," Kettenring said.
CPD will not launch new campaigns because of the merger, he added, but it does have projects in the works for January, including one that will focus on "articulating a firm vision -- a progressive vision -- of what public education should look like" and "defeating what we see as a corporate takeover of education in America."
By expanding the scale, strength and reach through the merger, the new CPD hopes to play an increasingly crucial role in the rejuvenated battle for social justice.
"There is tremendous energy in our communities -- in communities of color, in working class communities -- to change the way the things are done," Archila said. "There is tremendous political energy, and what we need is organizations -- institutions -- that will take advantage of that and will nurture that and drive it in the direction of concrete victory ... We know how to bring institutions together to make sure that it doesn't just mean one plus one equals two, but one plus one equals so much more. And that's what we think is going to happen with this merger."
Source
Victima de abuso sexual se identifica con Blasey Ford
Victima de abuso sexual se identifica con Blasey Ford
Para la activista Ana María Archila, víctima también de violencia sexual, el caso de Kavanaugh despierta el de muchas...
Para la activista Ana María Archila, víctima también de violencia sexual, el caso de Kavanaugh despierta el de muchas mujeres que han sido objeto de abuso.
Read the full article here.
Diversas organizaciones en el área triestatal se preparan para manifestaciones en apoyo al trabajador inmigrante
Diversas organizaciones en el área triestatal se preparan para manifestaciones en apoyo al trabajador inmigrante
Este lunes, Día internacional del trabajo, se escucharán las voces de miles de inmigrantes indocumentados y sus aliados...
Este lunes, Día internacional del trabajo, se escucharán las voces de miles de inmigrantes indocumentados y sus aliados, que ha 100 días del mandato de Donald Trump, dicen sentirse cansados por el acoso del gobierno. Durante el 1 de mayo también se verán huelgas comerciales, paros laborales y manifestaciones estudiantiles.
Lea el artículo completo aquí.
In replacing Dudley, NY Fed aims to avoid political pitfalls
In replacing Dudley, NY Fed aims to avoid political pitfalls
Unions and groups advocating for retirees, teachers, housing, and workers' benefits are among those visiting the ornate...
Unions and groups advocating for retirees, teachers, housing, and workers' benefits are among those visiting the ornate conference rooms of the Federal Reserve Bank of New York to lobby for a less conventional candidate to serve as its next president.
New York Fed directors leading the search for a successor to chief William Dudley, seen as the second most influential policymaker at the U.S. central bank, invited the guests to last week's meeting to seek their advice. According to attendees and others familiar with the search, the directors are close to a "long list" of candidates and appear set to begin formal interviews within weeks.
Read the full article here.
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
Climate Justice activists to EPA: make Clean Power Plan work for fossil fuel afflicted communities!
While the fossil fuel industry and Republican states and senators step up legal and political challenges to Obama's...
While the fossil fuel industry and Republican states and senators step up legal and political challenges to Obama's Clean Power Plan, protests have also been flooding in to the EPA's ten regional offices from climate activists - demanding that it cut out dirty biofuels and 'carbon trading' loopholes, and protect vulnerable communities from fossil fuel pollution.
Last week, activists at each of the Environmental Protection Agency's ten regional offices issued their own corrective on the Obama administration'sClean Power Plan.
Days before the end of the federal comment period, theClimate Justice Alliance's Our Power Campaign - comprised of 41 climate and environmental justice organizations - presented its Our Power Plan.
The document identifies "clear and specific strategies for implementing the Clean Power Plan, or CPP, in a way that will truly benefit our families' health and our country's economy."
Introduced last summer, the CPP looks to bring down power plants' carbon emissions by 32% from 2005 levels within 15 years. The plan was made possible by Massachusetts vs. EPA, a 2007 Supreme Court ruling which mandates that the agency regulate greenhouse gases as it has other toxins and pollutants under the Clean Air Act of 1963.
Under the CPP, states are each required to draft their own implementation plans by September of this year, or by 2018 if granted an extension. If they fail to do so, state governments will be placed by default into an interstate carbon trading, or 'Cap and Trade', system to bring down emissions.
After COP21, OPP is the next logical step
Michael Leon Guerrero, the Climate Justice Alliance's interim coordinator, was in Paris for the most recent round of UN climate talks as part of the It Takes Roots Delegation, which brought together over 100 organizers from North American communities on the frontlines of both climate change and fossil fuel extraction.
He sees the Our Power Plan (see goals, below) as a logical next step for the group coming out of COP21, especially as the onus for implementing and improving the Paris agreement now falls to individual nations:
"Fundamentally we need to transform our economy and rebuild our communities. We can't address the climate crisis in a cave without addressing issues of equity."
The Our Power Plan, or OPP, is intended as a blueprint for governments and EPA administrators to address the needs of frontline communities as they draft their state-level plans over the next several months. (People living within three miles of a coal plant have incomes averaging 15% lower than average, and are 8% more likely to be communities of color.)
Included in the OPP are calls to bolster what CJA sees as the CPP's more promising aspects, like renewable energy provisions, while eliminating proposed programs they see as more harmful. The CPP's carbon trading scheme, CJA argues, allows polluters to buy 'permissions to pollute', or carbon credits, rather than actually stemming emissions.
The OPP further outlines ways that the EPA can ensure a "just transition" away from fossil fuels, encouraging states to invest in job creation, conduct equity analyses and "work with frontlines communities to develop definitions, indicators, and tracking and response systems that really account for impacts like health, energy use, cost of energy, climate vulnerability [and] cumulative risk."
The all-too predictable fightback
Lacking support from Congress, the Obama administration has relied on executive action to push through everything from environmental action to comprehensive immigration reform. The Clean Power Plan was central to the package Obama brought to Paris. Also central to COP21 was US negotiators' insistence on keeping its results non-binding, citing Republican lawmakers' unwillingness to pass legislation.
Predictably, the CPP has faced legal challenges from the same forces, who decry the president for having overstepped the bounds of his authority. Republican state governments, utility companies, and fossil fuel industry groups have all filed suit against the CPP, with many asking for expedited hearings.
Leading up the anti-CPP charge in Congress has been Senate Majority Leader Mitch McConnell, who has called the plan a "regulatory assault", pitting fossil fuel industry workers against the EPA. "Here's what is lost in this administration's crusade for ideological purity", he wrote in a November statement, "the livelihoods of our coal miners and their families."
Organizers of last Tuesday's actions, however, were quick to point out that the Our Power Plan is aimed at strengthening - not defeating - the CPP as it stands. Denise Abdul-Rahman, of NAACP Indiana, helped organize an OPP delivery at the EPA's Region 5 headquarters in Chicago, bringing out representatives from Black Lives Matter Minneapolis, National People's Action and National Nurses United.
"We appreciate the integrity of the Clean Power Plan", she said. "However, we believe it needs to be improved - from eliminating carbon trading to ensuring that there's equity. We want to improve CPP by adding our voices and our plan, and we encourage the EPA to make it better." Four of the six states in that region - which includes Illinois, Indiana, Michigan, Minnesota, Ohio and Wisconsin - are suing the EPA.
Endorsed by the National Domestic Workers' Alliance, Greenpeace and the Center for Popular Democracy, among other organizations, the national day of action on the EPA came as new details emerged in Flint, Michigan's ongoing water crisis - along with calls for Michigan Gov. Rick Snyder's resignation and arrest.
The EPA has also admitted fault for its slow response to Flint residents' complaints, writing in a statement this week that "necessary [EPA] actions were not taken as quickly as they should have been." Abdul-Rahman connected the water crisis with the need for a justly-implemented CPP:
"The Flint government let their community down by not protecting our most precious asset, which is water. The same is true of air: we need the highest standard of protecting human beings' air, water, land."
Source: The Ecologist
New York State Exposed Education: We're Watching What Charter Schools do with your hard earned money
New York State Exposed Education: We're Watching What Charter Schools do with your hard earned money
NBC News - February 25, 2015, by Berkeley Brean - You know that hard earned money you pay the state and your local...
NBC News - February 25, 2015, by Berkeley Brean - You know that hard earned money you pay the state and your local school district in taxes? Every year more of it goes to charter schools. $1.5 billion this year alone. So who's keeping an eye on that money to make sure it's not getting wasted? That's what we're digging into in our exclusive New York State Exposed Education report. The report outlining fraud and mismanagement by charter schools in New York is titled "Risking Public Money: New York Charter School Fraud." Click here to read the report
What would the reaction be if the superintendent or principal in your school district signed deals with their friends and contacts? We're going to lay out the facts and circumstances and you decide whether the charter school did something wrong or was being efficient.
Eugenio Maria de Hostos parent Jeremaine Curry says, "We want to give our kids the best foundation."
Jeremaine Curry made a choice. He wanted his son Jayden to be in a school he trusted, so he chose Eugenio Maria de Hostos -- the oldest charter school in the city. He says, "It gives our kids the best competitive advantage."
Eugenio is listed in the report that analyzed audits by the state comptroller's office. At Eugenio, the audit showed the school gave contracts to organizations either run by board members or friends of board members. For example, their first building? Owned by the Ibero Action League, the sponsor of the school and the rent was "set a bit higher."
The school pays $200,000 for Phys Ed at the downtown YMCA run by board member George Romell, $57,000 for music instruction from the Hochstein School of Music where board member Margaret Quackenbush teaches and $100,000 contract for cleaning services where the company's manager is a board member's brother.
Berkeley Brean: "Everybody who got hired or got that job either had a connection to the board or was a friend of yours."
Julio Vasquez, Chair of Eugenio Maria de Hostos Charter School: "Ah, not really. Here's what happened."
Vasquez says the non-profits they contract with were partners of the charter from day one.
Brean: "So you don't think you could have saved public money at all by putting out bids?"
Vasquez: "Not at all. Who in the community would...?”
Brean: "How would you know unless you did it?"
Vasquez: "I would not know."
The report says because of a general lack of oversight of charter schools, the state could lose $54 million in possible charter school fraud and mismanagement in one year. Regular district schools get audited at least once every five years. Charter schools can be audited, but only at the state comptroller's discretion. We tracked down Kyle Serrette -- the author of the report and we pressed him on the criticism of Eugenio.
Brean: "Is what they did all that bad?"
Kyle Serrette: "When they rented a facility without figuring out the fair market value was then that potentially wasted money."
Brean: "I mean, to me, it sounds like they were using the efficiencies that were at their fingertips."
Serrette: "They may have been doing the best they know how to do."
Serrette continues, "If you're going to enter into an agreement, you should see if there's a better deal elsewhere."
"Absolutely, I mean, that we didn't follow the procurement process in certain instances? I admit that and going forward, we will," says Vasquez. "But I have to also say that there are times when you have an emergency that you have to act and get it done. That's what we're all about."
Now, Eugenio Maria de Hostos has the second highest test scores of the 11 charters in Monroe County. Its charter just got re-approved by the state, so the state thinks it's doing a good job for children.
Source
Community Activists And Senator Warren Persuade HUD Sec. Julian Castro To Help Homeowners And Reign In Wall Street Speculators
Community Activists And Senator Warren Persuade HUD Sec. Julian Castro To Help Homeowners And Reign In Wall Street Speculators
Last September 30, community activists and local officials from around the country came to Washington, DC to protest...
Last September 30, community activists and local officials from around the country came to Washington, DC to protest HUD’s pro-Wall Street policies.
Two years ago, community organizing groups around the country, with the key support of Senator Elizabeth Warren (D-MA), began pressuring HUD Secretary Julian Castro to stop selling delinquent mortgages to Wall Street investors and help nonprofit organizations to purchase the loans, help homeowners keep their homes, and expand the supply of affordable housing.
On Thursday, they won. Castro announced a set of policy changes to its Distressed Asset Stabilization Program (DASP) that activists had labeled a “Wall Street giveaway.” Last year, for example, 98% of the mortgages HUD sold went to Wall Street firms, at discounts averaging nearly 50%. Castro pledged to fix the program to triple the sales of delinquent mortgages to nonprofit community groups with experience in stabilizing neighborhoods and helping homeowners and to put more restrictions on foreclosures.
The policy fix was needed because some of the same Wall Street firms that precipitated the housing crash have been buying up distressed housing assets in bulk, including delinquent mortgages and vacant houses that are a product of the crash.
Both Sen. Elizabeth Warren and HUD Secretary Julian Castro are frequently mentioned a potential VP running mates with Hillary Clinton.
The campaign’s victory is the result of a perfect political storm. The organizers mounted a savvy grassroots organizing campaign that built on the momentum of the Occupy Wall Street movement that began in 2011. In the current political season, no politician, especially a Democrat, wants to be too closely identified with Wall Street’s financial industry, which most Americans still blame for the 2008 economic tsunami from which the country still hasn’t recovered. During this presidential season, both Hillary Clinton and Bernie Sanders vied to be the champion of Wall Street reform. HUD Secretary Castro, a former San Antonio mayor, has been auditioning for the role of Clinton’s vice presidential running mate, but many pundits view him as too conservative and cautious — and too pro-business — to help Clinton galvanize both Latino voters and Bernie Sanders’ supporters in the contest with Donald Trump. With his announcement this week, Castro can claim to be on the side of homeowners and communities against Wall Street speculators.
HUD’s DASP program, started by the Obama administration in 2012, became a part of the larger problem by auctioning off its distressed mortgages to the highest bidder, which allowed Wall Street firms to take ownership and accelerate foreclosures.
“This whole process shows just how tilted the playing field is for the big banks and hedge funds,” said Warren, who has been the Senate’s most vocal critic of Wall Street abuses, last year. “Many of these banks and funds were responsible for fueling the housing bubble in the first place — leading to the crash that hit these families like a punch to the gut. Now these same banks and funds are turning around and scooping up these loans at bargain-basement rates so they can profit from them a second time.”
The new HUD policy changes to fundamentally reform the program, resulting in more mortgage pools being sold to non-profits, more foreclosures avoided, and more vacant property turned into affordable housing. The changes include:
Help existing homeowners facing foreclosure remain in their homes by modifying their mortgages to reflect current market values — a strategy called “principal reduction.” Until now, both HUD and Fannie Mae, under pressure from the banking industry, had resisted this approach. Now, even private equity firms and hedge funds will have to use that strategy in reworking troubled mortgages.
Increasing the sale of HUD’s distressed mortgages to non-profit organizations
A commitment to work with local governments and non-profits to target sales to those who will help homeowners keep their houses and expand the supply of affordable housing.
Far greater provisions for transparency in the sale process
“These recent HUD changes move in the direction of common sense policy,” said Maurice Weeks of the Center for Popular Democracy, one of the groups that coordinated the nationwide grassroots campaign. “We shouldn’t be handing over our neighborhoods at bargain basement prices to Wall Street.”
“HUD’s bulk mortgage sale program has been fueling the speculator buy-up of our neighborhoods,” observed San Francisco Supervisor John Avalas, one of many local elected officials who supported the campaign. “Finally, HUD is making changes to this mortgage sales program that better prioritize what our communities need — saving more homes from foreclosure and creating more affordable housing. It’s about time!”
Sarah Edelman, director of housing policy for the Center for American Progress and coauthor of a new report on the problem, told the New York Times that the policy changes “significant improvements” in the loan sale program.
“The policies announced today are a promising step toward more responsible loan auctions,” she said.
Millions of homeowners are still delinquent on the mortgage payments, many through no fault of their own, but because of predatory and reckless lending practices as well as the sluggish recovery of the economy in terms of restoring the incomes of working families. As a result, federal officials and community activists expect there to be many more sales of troubled mortgages that were guaranteed by the federal government.
The policy changes are a culmination of several years of research and activism by grassroots groups on the front lines of the nation’s housing and banking crisis.
Several years ago, different community groups began noticing the growing presence of Wall Street speculators in their neighborhoods, one of the aftershocks of the epidemic of foreclosures. Several local groups examined records, interviewed tenants, and issued reports documenting that in areas where Wall Street investors own a significant number of these single-family homes — including Atlanta, Las Vegas, Phoenix, Miami, Tampa, Orlando, Charlotte, Dallas, Chicago, Detroit, Denver, and Los Angeles and nearby Riverside — their practices have harmed tenants and undermined long-term neighborhood stability.
The activists discovered that HUD, Fannie Mae, and Freddie Mac — which own or guarantee the distressed mortgages on many single-family homes — were part of the problem. Over the past few years, they’ve auctioned off about 150,000 non-performing loans that they want to get off their books. Of these loans, fewer than two percent have gone to nonprofit buyers. The rest (98 percent) have gone to Wall Street companies. As of last fall, five Wall Street firms — Lone Star, Blackstone Group, Angelo, Gordon & Co., Selene Residential Partners, and the Royal Bank of Scotland — accounted for 64 percent of all the public loan sales. Last year, Goldman Sachs popped up on the purchaser list for the first time, buying loans from Freddie Mac.
The community organizers and their researchers also exposed a double standard. Although Fannie Mae and Freddie Mac have been unwilling to offer principal reduction to struggling homeowners, and HUD has been unwilling to require principal reduction as part of its program, these agencies often offer steep discounts when they sell these mortgages to Wall Street speculators, who typically foreclose on the homeowners, adding to their inventory of homes scooped up in private foreclosure sales. In unloading these mortgages, the federal agencies often ignored the housing needs of local communities.
The grassroots groups enlisted the help of two national umbrella organizations — the Center for Popular Democracy (a network of community organizing groups) and Local Progress (a network of progressive local elected officials) — as well as Senator Elizabeth Warren, who championed the cause in Congress. These used a variety of tactics — protest actions, internet petitions, and muckraking research — to generate media attention and put pressure on the Obama administration.
These groups — many of which had been working on banking issues for over a decade — launched their national campaign in September 2014. They were relentless in pressuring HUD, Fannie Mae and Freddie Mac to prioritize non-profits over speculators in their sales of troubled mortgages. In particular, they demanded that these agencies prioritize sales to non-profit Community Development Finance Institutions (CDFIs) that have the capacity to purchase large inventories of underwater mortgages and distressed properties — including vacant houses that owners lost through foreclosure and occupied homes where underwater borrowers are on the brink of foreclosure — and stabilize them as affordable housing. The CDFIs were being crowded out by hedge funds working hand in hand with HUD, Fannie Mae, and Freddie Mac.
At the start of the campaign, the activists released a report, Vulture Capital Hits Home: How HUD is Helping Wall Street and Hurting Our Communities, that explained why HUD’s policy of favoring Wall Street investors was exacerbating the nation’s housing crisis.
A week before Christmas in 2014, at rallies outside local HUD offices, community groups in Los Angeles, San Francisco and Boston presented HUD with their “Grinch of the Year” award for refusing to fix the DASP program.
“By auctioning pools of delinquent loans to the highest bidders — vulture capitalists — HUD is driving unnecessary foreclosures and contributing to the rise of ‘Wall Street Landlords,’” said Gisele Mata, an organizer with the Alliance of Californians for Community Empowerment, a statewide organizing group that played a key role in the national campaign, at the press conference.
In June 2015, the campaign released another report, Do Hedge Funds Make Good Neighbors? How Fannie Mae, Freddie Mac and HUD are Selling Off Our Neighborhoods to Wall Street, at a protest rally in front of the Santa Monica office of the Blackstone Group, the private equity giant (with over $300 billion in assets under management), which had become the largest landlord of single-family rentals in the country by gobbling up distressed mortgages - including many sold by HUD — at bargain-basement prices. Since 2012, the report found, federal agencies had sold over 120,000 delinquent mortgages to Wall Street hedge funds and private equities firms. Bayview Acquisitions, largely owned by Blackstone, has bought 24,000 of these mortgages. The report unearthed an array of disturbing business practices, including failure to make repairs and the harassment and illegal eviction of occupants. An investigation by the New York Times published last week confirmed earlier findings of abusive practices. The Times revealed, for example, that Lone Star had pushed thousands of borrowers into foreclosure and failed to negotiate with homeowners to modify their mortgages so they could remain in their homes.
Through Local Progress and 17 progressive mayors from across the county,, the campaign persuaded the U.S. Conference of Mayors to pass resolution asking HUD to change its policy.
Last September, community activists and local elected officials from around the country converged in Washington, D.C. to bring the cause directly to federal officials. After a rally at which Senator Warren and Congressman Michael Capuano (D-Mass) demanded that HUD curb its mortgage sales to Wall Street investors, the activists met with senior officials at HUD and the Federal Housing Finance Agency, which oversees the mortgage giants Fannie Mae and Freddie Mac. A few weeks later, the New York Times published an editorial, “Foreclosure Abuses, Revisited,” calling on HUD to suspend its sales of distressed mortgages until federal agencies adopt significant reforms.
By March of this year, the campaign had built enough momentum to get 45 members of Congress to send a letter to HUD and FHFA in support of the campaign’s demands.
In April, Rep. Raul Grijalva (D-Arizona) wrote to Castro - by then on many lists of potential vice presidential candidates - criticizing HUD for worsening the housing crisis with its favorable treatment of Wall Street investors and urging him to “end to the days of casino-level gambling with other peoples’ livelihoods.” That same month, the campaign sent Castro a petition with over 100,000 signatures, demanding that he change HUD’s policies on disposing troubled mortgages.
Along with the changing political climate and Castro’s ambitions, the community organizing groups’ persistence paid off.
With more homes in the hands of non-profits instead of Wall Street speculators, communities will gain further control over their neighborhoods and be less at the mercy of Wall Street. Community groups now plan to work city by city, and state by state, to make sure that HUD sells delinquent mortgage pools to mission-driven purchasers, and to continue the fight for housing justice and community control to strengthen and protect neighborhoods across the country.
By PETER DREIER
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
Police arrest nearly two dozen Kavanaugh protesters
Police arrest nearly two dozen Kavanaugh protesters
The protesters include activists from a coalition of outside groups, including the Center for Popular Democracy and the...
The protesters include activists from a coalition of outside groups, including the Center for Popular Democracy and the Women's March.
Read the full article here.
6 days ago
6 days ago