House Republicans face voters in home districts angry over health care bill
House Republicans face voters in home districts angry over health care bill
Rep. Tom Reed of New York, who was among the Republican members of Congress to vote for a bill to repeal and replace...
Rep. Tom Reed of New York, who was among the Republican members of Congress to vote for a bill to repeal and replace Obamacare, held a string of hometown forums on Saturday where he was lambasted by crowds of angry voters and signs that read, "GOP Disaster" and "Why do you want to kill my daughter?"
Reed, whose district in upstate New York includes the cities of Ithaca and Corning, held three town hall meetings where the overwhelming majority of attendees had questions about health care. The congressman was met with boos and jeers throughout the forums, with people repeatedly chanting "Shame!" and "Vote him out!"
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Detener los préstamos de día de pago es apenas el inicio
Detener los préstamos de día de pago es apenas el inicio
En los últimos años, se han incrementado las críticas contra los préstamos de día de pago por explotar a los...
En los últimos años, se han incrementado las críticas contra los préstamos de día de pago por explotar a los prestatarios de bajos ingresos y atraparlos en un ciclo de endeudamiento. El problema ha alcanzado tal magnitud, que este verano, la Oficina de Protección Financiera del Consumidor (Consumer Financial Protection Bureau o CFPB) propuso nuevas normas para acabar con las prácticas más abusivas en este sector.
Sin embargo, los prestamistas de día de pago no son los únicos que lucran con las dificultades de las comunidades de bajos ingresos al otorgarles préstamos engañosos que a menudo hacen que la gente termine con deudas abrumadoras. De hecho, esas prácticas orientadas a grupos de bajos ingresos se han vuelto comunes en muchos sectores económicos, desde préstamos hipotecarios hasta financiamiento para estudios universitarios.
Durante décadas, prácticas discriminatorias en ciertos vecindarios les negaron a las personas de color acceso a préstamos hipotecarios, cuentas de banco y otros servicios importantes. Hoy en día, se hace lo mismo con esquemas engañosos de préstamo que les niegan a mujeres negras y latinas la oportunidad de una vida mejor.
Un informe reciente subraya el impacto que dichas prácticas han tenido en las mujeres de color. Entre otros datos alarmantes, el informe indica que 6 de cada 10 clientes de préstamos de día de pago son mujeres, que la probabilidad de que las mujeres de raza negra reciban un préstamo con tasa no preferencial es 256% más alta que la de hombres blancos de las mismas características y que las mujeres de color terminan pagando deudas estudiantiles durante mucho más tiempo que los hombres. El estudio, encargado por la Alliance of Californians for Community Empowerment, New Jersey Communities United e Isaiah, un grupo religioso en Minnesota, también prueba que las prácticas agresivas en préstamos, desde aquellos contra el cheque de pago hasta hipotecas con tasas altas, han aumentado considerablemente en años recientes. Muchos estudios han demostrado que se manipula a prestatarios con una buena historia crediticia, particularmente mujeres negras y latinas, para que saquen préstamos con intereses altos incluso cuando reúnen los requisitos para tasas más bajas.
Las mujeres de color son vulnerables a prestamistas de dudosa reputación debido a que el racismo y sexismo del sistema de por sí pone a muchas mujeres en una posición económica precaria. Cada vez más, se ha empujado a las mujeres a aceptar trabajos con poco control y paga. En la fuerza laboral con sueldos bajos predomina la mujer, y la brecha salarial entre los sexos afecta mucho más a las mujeres de color. En el año 2014, las mujeres de raza negra ganaban 63% de los ingresos de hombres blancos, y las latinas, 54%. Muchas mujeres de color, estancadas en empleos con poca paga, horarios imprevisibles y pocas oportunidades de superarse, se ven forzadas a sacar préstamos simplemente para subsistir o tratar de mejorar su desesperada situación.
Durante demasiado tiempo, se ha permitido que proliferen los préstamos usurarios y otras prácticas empresariales que les niegan oportunidades a comunidades y explotan a los más vulnerables en términos económicos. El mes pasado, la Consumer Financial Protection Bureau comenzó a tomar medidas contra los préstamos de día de pago o garantizados con títulos de propiedad de autos, pero es necesario hacer más. Las entidades normativas deben asegurarse de que todos los préstamos tomen en cuenta la capacidad del prestatario de pagar la deuda y de que los prestamistas no vayan en pos de los menos protegidos desproporcionadamente y traten de lucrar con ellos.
Las normas para préstamos de día de pago del mes pasado muestran claramente un ímpetu en combatir los préstamos cada vez más abusivos de los banqueros. Estas normas son un paso en la dirección correcta, pero no van suficientemente lejos. Estamos avanzando, pero queda mucho por hacer para asegurar que no se explote a las mujeres negras y latinas con esta versión de discriminación del siglo XXI.
Por Marbre Stahly-Butts
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Rally Aims To Highlight Racial Employment Disparities In Metro Area
CBS Minnesota - March 4, 2015 - A report to be released on Thursday aims to highlight employment disparities in the...
CBS Minnesota - March 4, 2015 - A report to be released on Thursday aims to highlight employment disparities in the Twin Cities.
The groups Neighborhoods Organizing for Change, the Center for Popular Democracy, and the Economic Policy Institute say they plan to hold a rally at the Neighborhoods Organizing for Change offices on Thursday afternoon to draw attention to the racial differences between wages and jobs available here.
The groups say that, though the economy is adding jobs, the unemployment rate among black residents in the Twin Cities metro area is nearly four times that of white residents.
The groups said that the racial disparities on display in Minnesota are “among the worst in the nation.”
The rally is scheduled for 3 p.m.
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Climate Jobs for All: A Key Building Block for the Green New Deal
Climate Jobs for All: A Key Building Block for the Green New Deal
Sunrise Movement is a youth climate organization that aims to “stop climate change and create millions of good jobs in...
Sunrise Movement is a youth climate organization that aims to “stop climate change and create millions of good jobs in the process.” It has been taking the lead on efforts to combine climate protection with a federal jobs guarantee. Other groups like the Sierra Club, Demos, 350.org, the Center for Popular Democracy, the Labor Network for Sustainability, and the US Climate Action Network have also been discussing the climate jobs guarantee (CJG).
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La “Reforma” tributaria es un ataque disfrazado contra las comunidades de color
La “Reforma” tributaria es un ataque disfrazado contra las comunidades de color
Después de que miles de electores acudieron en masa a Washington DC para detener a los republicanos en su intento de...
Después de que miles de electores acudieron en masa a Washington DC para detener a los republicanos en su intento de derogar la ley de atención médica, pensamos que habíamos ganado cuando los republicanos del Congreso pusieron fin a la propuesta Cassidy-Graham.
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The King who carried on the fight for economic justice
The King who carried on the fight for economic justice
Coretta Scott King opposed violence in all its forms — from the personal violence that took her husband 50 years ago...
Coretta Scott King opposed violence in all its forms — from the personal violence that took her husband 50 years ago Wednesday, to what she described as the economic violence of unemployment and poverty that continues around us.
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As Federal Reserve Selects New Top Officials, Coalition Calls for Public Input
New York Times - November 10, 2014, by Binyamin Appelbaum - A coalition of community groups and labor unions wants the...
New York Times - November 10, 2014, by Binyamin Appelbaum - A coalition of community groups and labor unions wants the Federal Reserve to change the way some Fed officials are appointed, criticizing the existing process as secretive, undemocratic and dominated by banks and other large corporations.
In letters sent to Fed officials last week, the coalition called for the central bank to let the public participate in choosing new presidents for the regional reserve banks in Philadelphia and Dallas. The current heads of both banks plan to step down in the first half of 2015.
The Fed’s chairwoman, Janet L. Yellen, has agreed to meet on Friday with about three dozen representatives of the groups to hear their concerns.
“The Federal Reserve has huge influence over the number of people who have jobs, over our wages, over the number of hours that we get to work, and yet we don’t have discussion and engagement over what Fed policy should be,” said Ady Barkan, a lawyer with the Center for Popular Democracy, a Brooklyn-based advocacy group that is orchestrating the campaigns. “More people’s voices need to be heard.”
A spokeswoman for Ms. Yellen confirmed the meeting but declined to comment on the issues raised by the groups.
The Philadelphia Fed said in an email that the institution “is conducting a broad search for its next president and will consider a diverse group of candidates from inside and outside the Federal Reserve System.”
James Hoard, a spokesman for the Dallas Fed, said the bank’s board would meet on Thursday to discuss the search process.
The campaign is part of a broader increase in political pressure on the Fed, which is engaged in a long-running campaign to stimulate the economy that some liberals regard as insufficient and some conservatives see as both ineffective and dangerous. Mr. Barkan led a picket line in support of the Fed’s efforts in August outside the annual monetary policy conference at Jackson Hole, Wyo.
House Republicans, meanwhile, have passed legislation that seeks to reduce the Fed’s flexibility in responding to economic downturns, arguing that such efforts are destabilizing.
The Fed acts like a monolith, but it has a complicated skeleton. Most power rests with a board of governors in Washington, who are nominated by the president and confirmed by the Senate. But operations are conducted through 12 regional banks, each of which selects its own president. And those presidents rotate among themselves five of the 12 seats on the Federal Open Market Committee, which sets monetary policy.
The two presidents who have said they plan to step down are, by coincidence, among the most outspoken internal critics of the Fed’s campaign to stimulate the economy. Charles I. Plosser, president of the Philadelphia Fed since 2006, plans to retire at the end of March. Richard W. Fisher, president of the Dallas Fed since 2005, is required to step down by the end of April, though he has not set a date.
Their replacements will be selected by the board of each reserve bank. Each board has nine members, including three bankers, but under the 2010 Dodd-Frank Act, only the nonbank members can participate in the process. The banks in each reserve district, however, still elect three of those six nonbank members. The other three, including the chairman and vice chairman, are appointed by the Fed board in Washington.
By law, the boards are supposed to represent a diverse set of viewpoints, including “labor and consumers.” But the 72 nonbank board members are predominantly corporate executives. Just eight are leaders of community groups; two more are leaders of labor groups.
Corporate executives exclusively make up the boards of the St. Louis and Richmond regional banks. The Dallas Fed’s board includes the presidents of the Houston Endowment — a charitable organization — and the University of Houston. The Philadelphia Fed has five executives and the president of the University of Delaware.
“I look at that list and it doesn’t strike me that most of those folks are representing the public,” Kati Sipp, director of Pennsylvania Working Families, a nonprofit advocacy group that is one of the signatories of the recent letter, said of the Philadelphia Fed’s board. “We believe it is important for the people who are making economic policy to hear from the regular folks on the ground who are being affected by those decisions.”
The two dozen signatories also include the Pennsylvania AFL-CIO, New Jersey Communities United and W. Wilson Goode Jr., a Philadelphia city councilman. The letter asks for the Fed to disclose basic information about the selection process, including the timetable, criteria and, eventually, names of candidates. It also seeks search committee seats and opportunities to question the candidates publicly.
The selection process is secretive, but control has increasingly shifted from the regional banks to the board of governors. Beginning under the leadership of Alan Greenspan, a former Fed chairman, the central bank has sought presidents who can contribute to making monetary policy. The board provides informal guidance during the winnowing process, and candidates travel to Washington to meet with the governors.
As a result of that trend, 10 of the 12 sitting presidents are former Fed staffers, economists or both. Mr. Fisher, a former investor, is one exception. The other is Dennis P. Lockhart, a former banker who leads the Atlanta Fed — and is the next president who will reach retirement age.
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Sawant Effort to Bypass Voters on Hotel Workers Initiative Fails
Sawant Effort to Bypass Voters on Hotel Workers Initiative Fails
1. City council member Kshama Sawant tried to pass a last-minute motion at yesterday’s full council meeting to “release...
1. City council member Kshama Sawant tried to pass a last-minute motion at yesterday’s full council meeting to “release the clerk file” on the hotel workers’ union initiative I-124, an initiative that mandates protections against sexual harassment of hotel housekeepers, workers who are predominantly women. (The initiative also seeks to improve workers’ health care coverage and protect unionized workers when their hotel changes ownership.)
Unite HERE Local 8, the hotel workers’ union that collected signatures for the measure, turned in more than 32,000 signatures last week, giving them more than enough to qualify for the ballot.
The council has until early August to send the initiative to the November ballot, and they planned to vote on it on next Monday July 25. By law, the council has three options when considering an initiative: they can send it to the voters, they can send it to the voters with an alternative, or they can simply approve the law themselves. However, they only have the option of approving a citizens’ initiative as law themselves one week after its introduced. In other words, they don’t have that option on July 25 when the the measure will be formally introduced. They could, however, approve it in its own right at the following full council meeting on Monday, August 2.
Sawant’s procedural move would have created the one week window, allowing the council to simply adopt the measure as an ordinance in its own right at the July 25 vote—something that would have saved the union an expensive fight at the ballot box fight.
Sawant said the law “was straight forward” and since “hotel workers have a hard life in general…I don’t think they need to spend the next several months” on a ballot fight.
Council members clearly weren’t comfortable approving a ballot measure in its own right without a comprehensive vetting and public process, something they don’t believe they can do in one or two weeks, and so, are likely, next week, to simply send the measure to the ballot next Monday.
Sawant’s motion failed 6-2 (Sally Bagshaw, Tim Burgess, Bruce Harrell, Lisa Herbold, Rob Johnson, and Mike O’Brien voted no) and Debora Juarez voted with Sawant.
Juarez made it clear that she simply seconded Sawant’s resolution to make it possible to vote on the law itself on next week and not necessarily to indicate that she supported bypassing voters. Sawant said the law “was straight forward” and since “hotel workers have a hard life in general…I don’t think they need to spend the next several months” on a ballot fight.
2. A new study on unpredictable work schedules called “Scheduling Away our Health” found that:
Hourly workers who received one week or less notice of their schedules are more likely to report their health as poor or fair (rather than good or excellent) than workers with more advance notice. About 20 percent of those receiving one week or less of schedule notice reported poor or fair health, compared to about 12 percent-13 percent for workers with more notice.
The study was done by a health care group called Human Impact Partners in conjunction with lefty group The Center for Popular Democracy.
Local group Working Washington is pushing the city council to pass a “secured scheduling” ordinance that would make employers give workers two weeks notice on schedules.
By JOSH FEIT
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Activists in Jackson Hole Pressure Fed on Inflation, Endorse Yellen
Activists in Jackson Hole Pressure Fed on Inflation, Endorse Yellen
JACKSON HOLE, Wyo.—The liberal Center for Popular Democracy’s Fed Up campaign has criticized Janet Yellen’s Federal...
JACKSON HOLE, Wyo.—The liberal Center for Popular Democracy’s Fed Up campaign has criticized Janet Yellen’s Federal Reserve in recent years for raising interest rates, lacking diversity in its senior ranks and retaining a quasi-private legal structure for its regional reserve banks.
Green-shirted Fed Up activists again have set up shop outside the central bank’s annual retreat in Grand Teton National Park. But this year, their critique of the Fed is paired with praise for Ms. Yellen and a demand that she remain the central bank’s chairwoman for another four-year term.
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