CPD IN THE NEWS

Scarlett Johansson used her real superpower – an all-star contact book – to assemble an incredible cast for a performance of Thornton Wilder’s classic play Our Town at Atlanta's Fox Theatre.

She was joined by Avengers workmates Robert Downey Jr., Chris Evans, Jeremy Renner and Mark Ruffalo for a rehearsed reading of the 1938 play. All proceeds from the performance went to The Hurricane Maria Community Relief & Recovery Fund.

Read the full article here.

A two-day long housing protest outside the Department of Justice this week has resulted in nearly 30 arrests and several instances of law enforcement unnecessarily using tasers on activists, according to eye-witnesses. The action – which was organized by a coalition of housing advocacy groups, including the Home Defenders League and Occupy Our Homes – called for Attorney General Eric Holder to begin prosecutions against the bankers who created the foreclosure crisis.

"Everyone here is fed up with Holder acknowledging big banks did really bad stuff but [saying] they're too big to jail," says Greg Basta, deputy director of New York Communities for Change, who helped organize the event. Holder has previously suggested that prosecuting large banks would be difficult because it could destabilize the economy. The attorney general recently tried to walk those comments back – but the conspicuous lack of criminal prosecutions of bankers tells another story, one that Rolling Stone's Matt Taibbi has written about extensively.

Alexis Goldstein, a former Wall Street employee and current Occupy Wall Street activist who was also at the event on Monday, agrees. "I want Eric Holder to uphold the rule of law, regardless of how much power the criminal has," says Goldstein. She says the lack of criminal prosecutions has created a "culture of immunity" that only gets further entrenched by the small settlements that banks now consider a cost of doing business. "There's no risk," she says, adding that the DOJ is effectively "incentivizing breaking the law."

Around 400 homeowners and 100 supporters took part in Monday's actions outside the DOJ, according to Basta. One of them was Vera Johnson, of Seattle. "I've been dealing with foreclosure issues for three years," says Johnson, just minutes after being released from the jail where she was held for over 24 hours for participating in this peaceful protest. Bank of America recently granted Johnson a loan modification after the media picked up on a Change.org petition that she started to save her home; this reprieve turned out to be a time bomb, as her rates were set to return to their original levels after four years. It's an all too common story, and Johnson went to Washington, D.C. to "join in solidarity" with others in similar situations.

Many of this week's protesters have been black and Latino homeowners, who were hit particularly hard by the foreclosure crisis. Mildred Garrison-Obi – a black woman from Stone Mountain, Georgia – was evicted from her home in 2012, though with the help of Occupy Our Homes she was able to return to it after four months of facing homelessness. "It was devastating," says Garrison-Obi, who was arrested today in a related action held outside of a law firm where Holder was once a partner. "But I'm not alone."

Activists note with dismay that the government has been significantly harder on people who stage nonviolent demonstrations against Wall Street than it has on the crooked bankers responsible for the housing crisis. Goldstein and Basta both say they witnessed law enforcement using tasers on multiple protesters this week. Johnson says that several hours before her arrest, as she and others sat on planter boxes outside the DOJ, a Department of Homeland Security officer asked, "Do you want to get arrested?" and then, "Do you want to get tased?" Later, when she refused to unlock her arms with another protester after three warnings – hardly a violent act or a threat to public safety – she says she was tased from behind on her left arm. She turned around to see the same officer, who she recalls telling her, "That's what you get."

Carmen Pittman, an activist with Occupy Our Homes in Atlanta, suffered similar treatment at this week's protests. In video footage of her arrest, Pittman appears to have her arms interlocked with another protester.

Lawyers familiar with police codes of conduct note that this kind of passive resistance generally does not meet the official standards for when an officer can use a taser. "In a study of regulations around tasers, the National Institute of Justice found that most police departments do not allow taser use against someone who 'nonviolently refuses' a police command," says NYU law professor Sarah Knuckey, who co-authored a report on the suppression of the rights of Occupy activists. "The incident needs to be thoroughly investigated, there must be a public accounting of what happened and why, and any wrong-doing must be punished." 

A spokesperson for the Washington, D.C. police department directed requests for comment to the Federal Protective Service, part of the Department of Homeland Security. Scott McConnell, an FPS spokesperson, said that "a number of individuals" had "breached a security barricade after repeated warnings to leave the area" and that there had been 27 arrests as of Tuesday morning; he declined to comment on the video of Pittman getting tased or on FPS's taser policy generally.

Monday and Tuesday's actions came as the DOJ falls under increasing criticism for its investigations of journalists – first seizing records that cover dozens of Associated Press reporters, and now targeting Fox News' James Rosen. Many media observers have found the Rosen case especially troubling, due to the fact that he was investigated under the theory that he engaged in a conspiracy with Stephen Kim – his source – to leak government information. This is the same theory that U.S. officials have used to go after Wikileaks, and if applied more widely, it would effectively criminalize the basic act of investigative reporting. Some see the Obama DOJ's war on whistleblowers and leakers – and now journalists – less as a means of protecting national security than a way to crack down on who controls information.

As journalists start to get the feeling that their profession is under attack by Obama's DOJ, that department is saying something entirely different – though just as clearly – to the nation's financial elite. "The message," says Goldstein, "is that you can get away with anything."

Soure:

Lemlem Berhe is one of a handful of activists from the Dallas-Fort Worth area visiting Jackson Hole, Wyo., in hopes of getting their message heard. That message: Raising interest rates now would stunt wage growth and hurt working families and communities of color.

“Fed officials think the economy has recovered enough to raise interest rates, slowing down job and business growth, but working families like mine in Dallas know otherwise,” Berhe said. “That’s why we’re in Wyoming this week, to ask them to prioritize job growth and higher wages.”

As part of the national FedUp Coalition, local members of the Texas Organizing Project and the Workers Defense Project are in Wyoming for the Federal Reserve’s annual summit, where the world’s most powerful central bankers discuss economic policies that affect people everywhere. The top U.S. banker — Fed chairwoman Janet Yellen — is not attending the event, which began Thursday and ends Sunday.

This is the first time anyone from either group has traveled to the Fed’s annual summit in Jackson Hole.

This year’s Jackson Hole Economic Policy Symposium comes as the Fed faces a difficult decision on when to start raising interest rates, rising debates on income inequality and wages, and worries about slowing Asian economies, most notably in China.

With the U.S. unemployment rate at 5.3 percent in July, some say it’s time to raise interest rates, which have been near zero for nearly seven years. Recently, some economists and one Fed banker have called for a delay given concerns about slower global economies.

On Friday, the organizing groups in Jackson Hole held a public demonstration and teach-ins on topics such as full employment and the selection process for regional bank presidents, with renowned Columbia University economist Joseph Stiglitz. Today, he wrote an op-ed column in the Los Angeles Times about why the Fed should not raise interest rates.

In addition, the Texas Organizing Project also made a second request in a video posted to its Facebook page and in a tweet to meet with Robert Steven Kaplan, the newly named president of the Federal Reserve Bank of Dallas, soon after he starts his new job on Sept. 8. Kaplan is attending the summit.

Kaplan will replace Richard Fisher, who retired in March after a decade leading the Dallas Fed. Last week, immediately after the regional bank named Kaplan, the Texas Organizing Project suggested he meet with some of its members in Dallas once he arrives.

Earlier this year, the group and the FedUp Coalition asked to meet with Dallas Fed board members to seek more openness and participation in the search process for Fisher’s replacement. Their request was denied, but a meeting was arranged with two bank officials. I wrote about it.

FedUp claims that full employment is when the nation’s unemployment rate is 4 percent or lower. If that was the case this year, the Dallas economy would be $19.9 billion stronger at $476.8 billion, it would have 204,300 more workers employed, which would mean 162,500 fewer people would live in poverty.

In addition to Berhe, two other Texas Organizing Project representatives in Jackson Hole are from Dallas: member Nayeli Ruiz, 21, and community organizer Kenia Castro.

The Austin-based Workers Defense Project has two D-FW representatives in Jackson Hole: AdanArostegui andElliott Navarro.

“We believe that our members should be involved and learn what the Fed does,” said Diana Ramirez, a community organizer for the Workers Defense Project in Dallas. “No one really knows.”

Source: Dallas Morning News

Progressive activists opposed to a Federal Reserve interest rate hike gained an influential new ally on Labor Day: The New York Times editorial board.

In a Monday editorial, entitled “You Deserve a Raise Today. Interest Rates Don’t,” the Times argued that if the Federal Reserve raises interest rates in the near term, it could slow job creation at a time when there are still too few jobs to generate substantial wage growth. 

“Wage stagnation is a clear sign that the economy is not at full employment, which means it needs loose monetary policy, not tightening,” the Times wrote.

The Times called the Fed a “crucial player” in efforts to undo the decades-long trend of worker wages not growing in sync with the broader economy. The paper noted that from 1973 to 2014, median worker pay rose 7.8 percent while overall productivity increased by 72 percent, a finding published Wednesday in a report from the liberal-leaning Economic Policy Institute. 

An interest rate hike would exacerbate, rather than reverse, this trend by slowing wage growth, the Times editorial suggested. The paper also said that an interest rate hike would send “the wrong signal of economic health,” undermining efforts by advocacy groups to raise workers’ wages through measures like increasing the minimum wage. 

It is unclear what impact the Times’ editorial will have on the Fed’s decision-making, but it is a high-profile boost for progressive activists and economists, who have long argued that a Fed interest rate hike should be tied to wage growth that is about twice as high as it is currently. 

These activists, led by the Center for Popular Democracy's Fed Up campaign, note that even as the official unemployment rate declined to 5.1 percent in August -- its lowest level since April 2008 -- wages have grown 2.2 percent in the past 12 months, only marginally outpacing increases in living costs. Since wages rise when demand for workers is high enough that businesses must compete for labor, many economists attribute ongoing sluggish wage growth to the number of people who are underemployed or have given up looking for work -- figures masked by the low official jobless rate. 

The Fed Up campaign sent a memo to newspaper editorial boards across the country on Sept. 1, asking them to oppose an interest rate hike in 2015. The memo, a copy of which was obtained by The Huffington Post, employs arguments that resemble those used by The New York Times. The memo warned that an interest rate hike in 2015 would "leave millions in considerable andunnecessary economic distress and would exacerbate troubling longer-term trends in wages and incomes for the vast majority of American workers and their families." 

Fed Up campaign director Ady Barkan celebrated the editorial, but stopped short of claiming credit for it. 

"The New York Times Editorial Board is right," Barkan said in a statement. "Workers do deserve a raise! The data is crystal clear – stagnant wages and the lack of inflation mean that the Fed shouldn’t raise rates anytime soon. The Fed Up campaign is of course glad that the Times and other leading voices are speaking up about this issue."

Fed officials have signaled for months that they plan to raise the current near-zero interest rates before the year’s end, but William Dudley, president of the Federal Reserve Bank of New York, recently indicated that a September increase may be too soon in light of market fluctuations. The Federal Open Market Committee, the central bank body charged with adjusting key interest rates, will report on whether it plans to raise rates on September 17.

Supporters of an interest rate hike argue that it is necessary to head off excessive price inflation, which, along with maintaining full employment, is part of the Fed’s dual mandate.

Source: Huffington Post