Joining Forces to Win
The Huffington Post - November 21, 2013, by Ana María Archila - As progressives, we need to dramatically increase our...
The Huffington Post - November 21, 2013, by Ana María Archila - As progressives, we need to dramatically increase our scale and reach to win. With the merger of the Center for Popular Democracy (CPD) and the Leadership Center for the Common Good (LCCG) in January 2014, we are poised to do just that. The stakes are high. The crisis in American society is severe: Inequality is now at the highest level ever recorded. In 2012, the top 1 percent of U.S. households received 19.3 percent of all household income.
The income gap between white and non-white America is growing even faster. Between 2005 and 2009, median white wealth declined by 16 percent, while median black wealth dropped by 53 percent and Latino wealth declined by 66 percent. Increasing economic inequality is being matched by increasing political inequality. Our democracy and the political participation of people of color, young people and the elderly are being eroded by state legislatures, with the tacit support of the Supreme Court.
All this would be much worse of course, if not for the work of the progressive organizations and movements that have fought inequality and racism for decades.
We can, and must, go farther and faster to fight inequality, the erosion of democracy and racial injustice. There is a growing opportunity to challenge the status quo and to build a society characterized by opportunity, equality and inclusion. Increasingly strong and assertive community organizations across the country are stepping up to demand better. Immigrant organizations, worker centers, progressive unions, elected officials and people of faith are envisioning and creating more inclusive and equitable cities and states, even in spite of our failed national politics.
The most successful community campaigns present a new vision for change, a creativity and fearlessness to promote policies many have thought unachievable, as well as a canny understanding of how to navigate local political forces.
My organization, the Center for Popular Democracy, works at the center of this emerging new politics, working to build the capacity and resilience of rooted, democratic, community-organizing institutions. We feel the urgency to grow our movement, to build new strength, to share organizing models and strategies more broadly, and to replicate campaigns and tactics that work to confront racial and economic inequality.
Just as our movement needs more power and reach, so do we. That's why we are merging with the Leadership Center for the Common Good to create a newly powerful Center for Popular Democracy on January 1, 2014. Our organizations' sister c4 organizations, Action for the Common Good and Center for Popular Democracy Action Fund will also merge to create a newly powerful Action for the Common Good. Part campaign center, part capacity builder, part policy shop, our merged and expanded organizations will work together to more effectively build the strength and capacity of democratic organizations to envision and advance a pro-worker, pro-immigrant, racial and economic justice agenda. From recent successes, we have a sense of what is possible when working communities are well organized, resourced and equipped to demand change. In New York, coalitions of community groups, progressive unions, and faith networks came together this year to secure a raft of impressive victories, from a raise in the state's minimum wage, to the adoption of paid sick days' legislation in New York City to the passage of pro-immigrant language access initiatives in both Nassau and Suffolk Counties on Long Island. And, in the face of fierce opposition from outgoing Mayor Bloomberg, CPD and our allies secured passage of new laws to stop the discriminatory policing tactics of the NYPD -- Stop and Frisk. CPD brought our policy expertise, strategy insights, and coalition coordination experience to these fights -- helping drive them to victory.
The New York victories mirror the work we are engaged in across the country -- in 27 states with more than 90 partners nationally. Through strategic and sustained local and state victories, driven by strong community and labor partners, and supported in important ways by CPD, we can secure tangible improvements in working people's lives and generate the upward pressure and momentum necessary to refocus national policy on furthering values of equity, opportunity and democracy for all.
Strong local organizations with a clear vision and an appetite for bold action are well able to scale up to win national victories when strategic opportunities present themselves. Last May, for example, the Home Defenders League, a project of LCCG and many close allies, staged a dramatic week of action which included civil disobedience by foreclosed homeowners at the Department of Justice as well as at other sites. Their actions tied together the simmering public outrage over the lack of prosecutions of Wall Street banks with a need to find relief for the hard hit families and communities. Five months later, reports of a pending $13 billion federal settlement with JPMorgan Chase suggest the long fight may be about to yield results.
The launch of the merged and expanded Center for Popular Democracy and Action for the Common Good is our ambitious move to help increase the strength, scale and reach of community organizing. Together, we are stronger. Together, we can build the power we need to win.
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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.
What Does Black Lives Matter Want?
What Does Black Lives Matter Want?
On August 1 the Movement for Black Lives (M4BL), a coalition of over sixty organizations, rolled out “A Vision for...
On August 1 the Movement for Black Lives (M4BL), a coalition of over sixty organizations, rolled out “A Vision for Black Lives: Policy Demands for Black Power, Freedom & Justice,” an ambitious document described by the press as the first signs of what young black activists “really want.” It lays out six demands aimed at ending all forms of violence and injustice endured by black people; redirecting resources from prisons and the military to education, health, and safety; creating a just, democratically controlled economy; and securing black political power within a genuinely inclusive democracy. Backing the demands are forty separate proposals and thirty-four policy briefs, replete with data, context, and legislative recommendations.
But the document quickly came under attack for its statement on Palestine, which calls Israel an apartheid state and characterizes the ongoing war in Gaza and the West Bank as genocide. Dozens of publications and media outlets devoted extensive coverage to the controversy around this single aspect of the platform, including The Guardian, the Washington Post, The Times of Israel, Haaretz, and the St. Louis Post-Dispatch. Of course, M4BL is not the first to argue that Israeli policies meet the UN definitions of apartheid. (The 1965 International Convention for the Elimination of All Forms of Racial Discrimination and the 1975 International Convention on the Suppression and Punishment of the Crime of Apartheid define it as “inhuman acts committed for the purpose of establishing and maintaining domination by one racial group of persons over any other racial group of persons and systematically oppressing them.”) Nor is M4BL the first group to use the term “genocide” to describe the plight of Palestinians under occupation and settlement. The renowned Israeli historian Ilan Pappe, for example, wrote of the war on Gaza in 2014 as “incremental genocide.” That Israel’s actions in Gaza correspond with the UN definition of genocide to “destroy, in whole or in part, a national, ethnical, racial or religious group” by causing “serious bodily or mental harm” to group members is a legitimate argument to make.
The few mainstream reporters and pundits who considered the full M4BL document either reduced it to a laundry list of demands or positioned it as an alternative to the platform of the Democratic Party—or else focused on their own benighted astonishment that the movement has an agenda beyond curbing police violence. But anyone following Black Lives Matter from its inception in the aftermath of the George Zimmerman verdict should not be surprised by the document’s broad scope. Black Lives Matter founders Alicia Garza, Patrisse Cullors, and Opal Tometi are veteran organizers with a distinguished record of fighting for economic justice, immigrant rights, gender equity, and ending mass incarceration. “A Vision for Black Lives” was not a response to the U.S. presidential election, nor to unfounded criticisms of the movement as “rudderless” or merely a hashtag. It was the product of a year of collective discussion, research, collaboration, and intense debate, beginning with the Movement for Black Lives Convening in Cleveland last July, which initially brought together thirty different organizations. It was the product of some of the country’s greatest minds representing organizations such as the Black Youth Project 100, Million Hoodies, Black Alliance for Just Immigration, Dream Defenders, the Organization for Black Struggle, and Southerners on New Ground (SONG). As Marbre Stahly-Butts, a leader of the M4BL policy table explained, “We formed working groups, facilitated multiple convenings, drew on a range of expertise, and sought guidance from grassroots organizations, organizers and elders. As of today, well over sixty organizations and hundreds of people have contributed to the platform.”
“A Vision for Black Lives” is a plan for ending structural racism, saving the planet, and transforming the entire nation—not just black lives.
The result is actually more than a platform. It is a remarkable blueprint for social transformation that ought to be read and discussed by everyone. The demands are not intended as Band-Aids to patch up the existing system but achievable goals that will produce deep structural changes and improve the lives of all Americans and much of the world. Thenjiwe McHarris, an eminent human rights activist and a principle coordinator of the M4BL policy table, put it best: “We hope that what has been created carries forward the legacy of our elders and our ancestors while imagining a world and a country profoundly different than what currently exists. For us and for those that will come after us.” The document was not drafted with the expectation that it will become the basis of a mass movement, or that it will replace the Democratic Party’s platform. Rather it is a vision statement for long-term, transformative organizing. Indeed, “A Vision for Black Lives” is less a political platform than a plan for ending structural racism, saving the planet, and transforming the entire nation—not just black lives.
If heeded, the call to “end the war on Black people” would not only reduce our vulnerability to poverty, prison, and premature death but also generate what I would call a peace dividend of billions of dollars. Demilitarizing the police, abolishing bail, decriminalizing drugs and sex work, and ending the criminalization of youth, transfolk, and gender-nonconforming people would dramatically diminish jail and prison populations, reduce police budgets, and make us safer. “A Vision for Black Lives” explicitly calls for divesting from prisons, policing, a failed war on drugs, fossil fuels, fiscal and trade policies that benefit the rich and deepen inequality, and a military budget in which two-thirds of the Pentagon’s spending goes to private contractors. The savings are to be invested in education, universal healthcare, housing, living wage jobs, “community-based drug and mental health treatment,” restorative justice, food justice, and green energy.
But the point is not simply to reinvest the peace dividend into existing social and economic structures. It is to change those structures—which is why “A Vision for Black Lives” emphasizes community control, self-determination, and “collective ownership” of certain economic institutions. It calls for community control over police and schools, participatory budgeting, the right to organize, financial and institutional support for cooperatives, and “fair development” policies based on human needs and community participation rather than market principles. Democratizing the institutions that have governed black communities for decades without accountability will go a long way toward securing a more permanent peace since it will finally end a relationship based on subjugation, subordination, and surveillance. And by insisting that such institutions be more attentive to the needs of the most marginalized and vulnerable—working people and the poor, the homeless, the formerly incarcerated, the disabled, women, and the LGBTQ community—“A Vision for Black Lives” enriches our practice of democracy.
For example, “A Vision for Black Lives” advocates not only closing tax loopholes for the rich but revising a regressive tax policy in which the poorest 20 percent of the population pays on average twice as much in taxes as the richest 1 percent. M4BL supports a massive jobs program for black workers, but the organization’s proposal includes a living wage, protection and support for unions and worker centers, and anti-discrimination clauses that protect queer and trans employees, the disabled, and the formerly incarcerated. Unlike the Democratic Party, M4BL does not subscribe to the breadwinner model of jobs as the sole source of income. It instead supports a universal basic income (UBI) that “would meet basic human needs,” eliminate poverty, and ensure “economic security for all.” This is not a new idea; some kind of guaranteed annual income has been fundamental to other industrializing nations with strong social safety nets and vibrant economies, and the National Welfare Rights Organization proposed similar legislation nearly a half century ago. The American revolutionary Thomas Paine argued in the eighteenth century for the right of citizens to draw a basic income from the levying of property tax, as Elizabeth Anderson recently reminded. Ironically, the idea of a basic income or “negative income tax” also won support from neoliberal economists Milton Friedman and Friedrich Hayek—although for very different reasons. Because eligibility does not require means testing, a UBI would effectively reduce the size of government by eliminating the bureaucratic machine of social workers and investigators who police the dispensation of entitlements such as food stamps and welfare. And by divesting from an unwieldy and unjust prison-industrial complex, there would be more than enough revenue to create good-paying jobs and provide a basic income for all.
Reducing the military is not just about resources; it is about ending war, at home and abroad. “A Vision for Black Lives” includes a devastating critique of U.S. foreign policy, including the escalation of the war on terror in Africa, machinations in Haiti, the recent coup in Honduras, ongoing support for Israel’s occupation of Palestine, and the role of war and free-trade policies in fueling the global refugee crisis. M4BL’s critique of U.S. militarism is driven by Love—not the uncritical love of flag and nation we saw exhibited at both major party conventions, but a love of global humanity. “The movement for Black lives,” one policy brief explains, “must be tied to liberation movements around the world. The Black community is a global diaspora and our political demands must reflect this global reality. As it stands funds and resources needed to realize domestic demands are currently used for wars and violence destroying communities abroad.”
Finally, a peace dividend can fund M4BL’s most controversial demand: reparations. For M4BL, reparations would take the form of massive investment in black communities harmed by past and present policies of exploitation, theft, and disinvestment; free and open access to lifetime education and student debt forgiveness; and mandated changes in the school curriculum that acknowledge the impact of slavery, colonialism, and Jim Crow in producing wealth and racial inequality. The latter is essential, since perhaps the greatest obstacle to reparations is the common narrative that American wealth is the product of individual hard work and initiative, while poverty results from misfortune, culture, bad behavior, or inadequate education. We have for too long had ample evidence that this is a lie. From generations of unfree, unpaid labor, from taxing black communities to subsidize separate but unequal institutions, from land dispossession and federal housing policies and corporate practices that conspire to keep housing values in black and brown communities significantly lower, resulting in massive loss of potential wealth—the evidence is overwhelming and incontrovertible. Structural racism is to blame for generations of inequality. Restoring some of that wealth in the form of education, housing, infrastructure, and jobs with living wages would not only begin to repair the relationship between black residents and the rest of the country, but also strengthen the economy as a whole.
To see how “A Vision for Black Lives” is also a vision for the country as a whole requires imagination. But it also requires seeing black people as fully human, as producers of wealth, sources of intellect, and as victims of crimes—whether the theft of our bodies, our labor, our children, our income, our security, or our psychological well-being. If we had the capacity to see structural racism and its consequences not as a black problem but as an American problem we have faced since colonial times, we may finally begin to hear what the Black Lives Matter movement has been saying all along: when all black lives are valued and the structures and practices that do harm to black communities are eliminated, we will change our country and possibly the world.
By By Robin D. G. Kelley
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Jessica Biel Throws Shade, Meryl Streep, Mila Kunis & More
Jessica Biel Throws Shade, Meryl Streep, Mila Kunis & More
Alyssa Milano and Ady Barkan attend the Los Angeles Supports a Dream Act Now! protest on Wednesday....
Alyssa Milano and Ady Barkan attend the Los Angeles Supports a Dream Act Now! protest on Wednesday.
See the picture here.
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
Can these Cities Block Texas’s Vile Anti-Immigrant Agenda?
Can these Cities Block Texas’s Vile Anti-Immigrant Agenda?
Raul Reyes is the 34-year-old mayor of El Cenizo, Texas, a sweltering border town of 3,200 that sits beside the Rio...
Raul Reyes is the 34-year-old mayor of El Cenizo, Texas, a sweltering border town of 3,200 that sits beside the Rio Grande, where nearly all the residents are Latino, many are immigrants, and quite a few are undocumented too. It’s a sanctuary of sorts, a town that, since 1999, has had a policy prohibiting local police officers from asking about someone’s immigration status. It’s the town where Reyes was born and raised and a town whose residents he cares for fiercely.
Read the full article here.
Fed Language in DNC Platform Could Be Stronger, Activists Say
Fed Language in DNC Platform Could Be Stronger, Activists Say
The Democratic national platform’s language calling for a more diverse Federal Reserve and for the promotion of full...
The Democratic national platform’s language calling for a more diverse Federal Reserve and for the promotion of full employment is historically progressive, but it still could be stronger, some activists say.
Advocates on the “Fed Up” campaign, led by the progressive Center for Popular Democracy, are pleased that the platform — amended in a committee meeting over the weekend — includes language that supports banning commercial bankers from Fed leadership.
But the activists are still hoping for more explicit support bolstering the Fed’s mandate to promote “full employment,” said Jordan Haedtler, Fed Up’s campaign manager.
As it stands, the platform committee adopted an amendment to “protect and defend the Federal Reserve’s independence to carry out the dual mandate assigned to it by Congress — for both full employment and low inflation — against threats from new legislation.”
An amendment promoted by Fed Up would have sketched out a more detailed stance on full employment, but it failed 70-100 at the meeting. That amendment stated: “The Federal Reserve should be a fully public institution that serves the American people and pursues a genuine full employment economy that creates good jobs and rising wages for all.”
Haedtler said the platform’s language about protecting the the Fed from “the threat” of new legislation might actually be counterproductive. His group hopes to lay the groundwork for legislation overhauling the central bank during the next administration. It is likely, however, that the platform writers were referring to legislation from conservatives to abolish the Fed or severely shrink its capabilities.
“I appreciate that full employment is fleetingly mentioned, but the fact is that sound new legislation regarding the Federal Reserve is necessary,” Haedtler told Morning Consult in an interview.
Democrats in Congress have also pushed for more diversity in the Fed’s top layer. Sen. Sherrod Brown of Ohio, ranking Democrat on the Senate Banking Committee, pressed Fed Chair Janet Yellen during a recent hearing for a commitment to fixing the bank’s diversity problem.
“Diversity is an extremely important goal, and I will do everything I can to advance it,” she told him.
The words “full employment” haven’t appeared in a Democratic National Committee platform since 1988, Haedtler said. But Fed Up hopes to see the language bolstered further in the platform’s preamble.
“This is not as strong as past mentions of full employment in Democratic platforms going back several decades, where the fact that the Federal Reserve has a role in creating full employment is more fleshed out and a plan for how to get there is described,” he said.
The Fed Up activists also want to amend the platform to outline the Fed’s path to becoming a fully public institution.
By TARA JEFFRIES
Source
Illinois African-American Jobless Rate Among The Nation's Highest
Illinois African-American Jobless Rate Among The Nation's Highest
The African-American unemployment rate in Illinois is improving, but it is still one of the highest in the nation, ...
The African-American unemployment rate in Illinois is improving, but it is still one of the highest in the nation, shows a recent analysis by the Economic Policy Institute (EPI).
The jobless rate among African Americans in Illinois declined to 11.5 percent in the second quarter of 2015, which covered April through June. The rate ticked down from 12.5 percent during the first quarter of 2015.
To put that 11.5 percent in perspective, the statewide unemployment rate in Illinois was 6 percent during the second quarter of 2015. In that quarter, African Americans in Illinois had the highest jobless rate followed by Hispanics at 7.9 percent, Asians at 4.8 percent and whites at 4.6 percent, according to EPI's review.
Illinois is one of only eight states in which African-American unemployment rates were at or below pre-recession levels in the second quarter of 2015. The other states were Michigan, Indiana, Ohio, Tennessee, Mississippi, Texas and Missouri.
But a closer look at the numbers shows that nearly all of those states had the highest African-American unemployment levels in the nation before the Great Recession hit.
For example, Illinois had an African-American jobless rate of 12.2 percent before the recession in the fourth quarter of 2007.
"African Americans are still unemployed at a higher rate than their white counterparts in almost every state," EPI economist Valerie Wilson, who conducted the unemployment analysis, said in a statement. "We need policies that look beyond simply reducing unemployment to pre-recession levels as an end goal."
EPI's analysis covered 23 states and the District of Columbia. Only two states, New Jersey and South Carolina, and the District of Columbia had higher African-American unemployments rates than Illinois in the second quarter of 2015.
Overall, the African-American unemployment rate was the highest in the District of Columbia, 14.2 percent, and the lowest in Tennessee, 6.9 percent. The rate was below 10 percent in 11 states examined by EPI.
Nationwide, the African-American unemployment rate dropped to 9.1 percent in July, the lowest level in seven years. Still, the jobless rate for African Americans remained about twice as high as the white unemployment rate of 4.6 percent.
EPI and the Center for Popular Democracy (CPD) are at least two groups that say African Americans would benefit greatly in terms of employment and wage growth if the country were to achieve full employment. They have called on the Federal Reserve to pursue "genuine full employment" before raising short-term interest rates.
At some point this year, the Fed could begin to raise the rates, which were cut to near zero percent during the Great Recession to support the economy.
In a recent statement on the full employment issue, CPD's director of strategic research Connie Razza stressed that "Black America is still in the middle of a Great Recession."
"When [Fed] Chair [Janet] Yellen and other Fed officials talk about raising interest rates in 2015, they are talking about intentionally slowing down the economy and job growth, which would make it harder for most Americans, and particularly Black workers, to find good paying jobs," she said. "The direct consequences of the Fed's projected interest rate hikes would harm millions of workers."
"Instead," Razza continued, "the Fed could continue to push toward a tight labor market, in which the number of people looking for work more closely matches the number of jobs available. A full-employment economy, as we saw in the late 1990s, shrinks racial inequity and will bring particular benefits to black workers, who are disproportionately unemployed, underemployed, underpaid, and endure more difficult scheduling circumstances in the workplace."
Source: Progress Illinois
‘Inflation Dynamics’ With the Fed as Ringmaster
In the center ring, Federal Reserve brass will be gathering for the closed-door conference that is hosted annually by...
In the center ring, Federal Reserve brass will be gathering for the closed-door conference that is hosted annually by the Kansas City Fed. Janet Yellen is skipping the event, as chairs of the board of governors occasionally do. The town, though, will be full of her critics.
On the right, the American Principles Project will host a separate parley on the need to reform the monetary system by restoring the gold standard as the best route to full employment.
In the left ring, a third group, called Fed Up, will argue for placing a priority on job creation. The Washington Post reports that the organization’s “teach in” will cover “income inequality, efforts to raise the minimum wage to $15 an hour and whether the Fed should invest in municipal bonds.”
The Fed and its critics will be gathering as a bill to establish a Centennial Monetary Commission goes to the floor of the House. The bill would establish a commission to examine the Fed as it begins its second century.
At the Fed’s conference—the theme is “Inflation Dynamics”— one speaker will be the Fed’s vice chairman, Stanley Fischer. Earlier this month, in an interview with Bloomberg News, he seemed to suggest that the dollar wasn’t losing value fast enough for the Fed’s taste.
MarketWatch headlined the interview as suggesting that a rate hike in September is “not a done deal.” The collapse of stock markets around the world in recent days, says USA Today, gives the Fed a “new excuse” not to raise interest rates.
No doubt Fed Up, part of the Center for Popular Democracy, will make the most of it. In addition to pressing for keeping interest rates near zero, the group is lobbying for more labor and consumer advocates on boards of regional Federal Reserve banks. Fed Up also wants easy money. “Fed policy has been too tight for the past 40 years,” Fed Up Director Ady Barkan emails me. “The commitment to keeping inflation low at all costs is what has led to the elevated levels of unemployment.”
The focus of the American Principles Project—with its gathering of economists, political leaders, bloggers and activists— will be less on what the Fed should do and more on whether central banks are the problem and how Congress should use its powers for reform.
I wonder whether there might be surprising convergence between the left and right camps. American Principles is also focusing on employment but sees as critical to job creation the return to a dollar that is an honest unit of account defined in law and backed by gold.
One of the group’s presenters, Marc Miles, is likely to report on a new study showing that higher interest rates correlate to job creation. Has the Fed pursued the wrong policies as it has used its mandate, legislated in 1978 with the passage of the Humphrey-Hawkins Full Employment Act, to boost employment?
When the law created the Fed’s so-called dual mandate by obliging the central bank to aim for full employment in addition to maintaining price stability, even the New York Times called the measure a “cruel hoax.” Considering whether to end the dual mandate is one of the questions that would be taken up by the Centennial Monetary Commission on which the House is preparing to vote.
So would the question of whether a rules-based system, such as that proposed by economics professor John Taylor, could solve the problem of fiat money that is not defined in law. Congress has already started looking at these matters.
Fed Chair Yellen has bridled at such ideas. Earlier this year she suggested that she would oppose any rule of monetary policy making. At Jackson Hole three years ago, then-Chairman Ben Bernanke warned Congress to, as the Drudge Report headlined it, “butt out” of interest-rate policy discussions.
The fear at the Fed is that Congress will politicize the formation of monetary policy. That strikes me as a weak line. The Constitution, which all Fed chairmen swear to support, grants monetary powers to Congress, precisely to the most political branch of the government.
We are approaching the end of a presidency that has been hobbled by an underperforming economy. No wonder the Fed’s most celebrated annual gathering is now bracketed by competing conferences that seek political reform of monetary policy. The big question is whether Congress and the presidential candidates are listening.
Source: Wall Street Journal Asia
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.
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