Report on Paladino's Ties to Charter Schools
The Buffalo News - October 22, 2014, by Sandra Tan - As noted in...
The Buffalo News - October 22, 2014, by Sandra Tan - As noted in today's story, Carl Paladino has financial investments in six Buffalo charter schools, leading some to question whether he has a conflict of interest as a board member on votes he makes regarding charter schools. He has arranged the financing and leased the buildings that charter schools need to get off the ground and expand. Some charter school founders say they might not exist without his help. Today, Alliance for Quality Education -- a statewide coalition that supports resources and support for traditional public schools and opposes charter schools -- has released a report that refers to Paladino's charter school holdings.
The anti-Paladino report "Good for Kids or Good for Carl?" was released by Alliance for Quality Education and Citizen Action, with research assistance from The Center for Popular Democracy. The report, below, focuses on the lease payments and tax breaks Paladino's company, Ellicott Development, receives for its investments in charter schools. It culls much of its information from news stories and public information from the Erie County Industrial Development Agency, the Erie County Clerk's Office and other public records. The report, however, does not include any information regarding the debt service and front-end investments made by Paladino into these schools, which would relate directly to the company's profit margin.
More detailed information about Paladino's investments into each of his charter school holdings will be posted to the School Zone Blog separately, based on additional information Paladino provided Tuesday. (Some of that information is available as part of the graphic that ran with the main story. A print version of the graphic erroneously states that Paladino anticipates a 1 percent return on investment for the Charter School of Inquiry. That should read 11 percent.) We will also live blog tonight's Buffalo School Board meeting at 5:30 p.m. Prior to the meeting will be an anti-Paladino rally by AQE and Citizen Action.
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Jackson Hole Summit To Provide Forum For Policymakers Amid Market Turmoil
Also getting under way at the lodge is a protest conference organized by the Center for Popular Democracy, a liberal...
Also getting under way at the lodge is a protest conference organized by the Center for Popular Democracy, a liberal group that has been cajoling the Fed to hold off on raising interest rates. Some researchers, for example, argue that “core inflation” – which strips out food and energy prices and is often used by bankers as their preferred gauge – may be less relevant in a world where futures contracts, global shipping and worldwide trade help even out retail level price swings for some of those goods.
Some analysts have also said that globalization has been a factor in holding down U.S. wages and prices even at times of solid growth.
When the Fed met in June, US oil prices had recovered to over $60 a barrel, and there had been a belief that we’d seen the lows.
Inflation has been a concern for the Fed, as it has been running well below its 2 percent goal and some signs have indicated that it may fall further. London Business School professor Lucrezia Reichlin is the discussant. Yet the theory is still a useful framework to think about monetary policy. This year central bankers, finance ministers, academics and financial market participants will chewing over why inflation is so low, whether this is unsafe and what they can do about it. Investors have cut the probability of a move at that gathering to 28 percent Tuesday from 48 percent on August 18 based on trading in fed funds futures.
They confront a big disparity between the world’s two largest economies, the U.S. and China.
China’s stock market is swooning and its economy slowing.
Goldman Sachs economists wrote Wednesday that they “expect liftoff in December, and see the recent market sell-off as another argument against a hike in September“.
U.S. counterparts will experience both advantages and disadvantages if their currencies behave according to textbooks and their currencies weaken against the dollar if the Fed raises rates.
Dudley said a final decision would reflect how the market acts over the next few weeks, as well as the end-of-montheconomic data.
The absence of Yellen and Draghi has lowered expectations for a major policy announcements at Jackson Hole.
The official roster of attendees at the invitation-only event included Fed Vice Chairman Stanley Fischer and Fed governors Lael Brainard and Jerome Powell, and presidents from eight of the 12 regional Fed banks. “So you look around the world and ask who can take up the slack, and really the answer is nobody”, said Kevin Logan, chief U.S. economist at HSBC Securities, in New York.
The opening session at 10 a.m. Eastern will examine a paper on “Inflation dynamics though firms’ pricing behavior” by Simon Gilchrist, a professor at Boston University and Egon Zakrajsek, an associate director for monetary affairs at the Fed Board of governors.
The vice chairman is considered extra inclined than Yellen to boost charges prior to later, so his statements might make clear how the talk contained in the central financial institution might transpire when officers meet September 16 and 17.
Source: Rapid News Network
Yellen to Trump: don't expect a flip-flop on financial reforms
Yellen to Trump: don't expect a flip-flop on financial reforms
JACKSON HOLE, Wyo. (Reuters) - Janet Yellen delivered a message to President Donald Trump on Friday, making it clear...
JACKSON HOLE, Wyo. (Reuters) - Janet Yellen delivered a message to President Donald Trump on Friday, making it clear that if he re-nominates her as Federal Reserve chair she will not turn her back on the raft of U.S. financial reforms that Republicans want to roll back.
Her speech to the world’s top central bankers in Jackson Hole, Wyoming, comes at a time when the chaos at the White House may make it more likely that she would be appointed to serve another four years to head the U.S. central bank.
Read the full article here.
Fed comes up short on diversity goal, Democrats say
Fed comes up short on diversity goal, Democrats say
WASHINGTON (MarketWatch) — The U.S. central bank remains a bastion of white privilege and Fed Chairwoman Janet Yellen...
WASHINGTON (MarketWatch) — The U.S. central bank remains a bastion of white privilege and Fed Chairwoman Janet Yellen should promptly take steps to “remedy” the issue, 115 Congressional Democrats said Thursday.
In a letter to Yellen, the House and Senate Democrats urged her to “fulfill its statutory and moral obligation to ensure that is leadership reflects the composition of our diverse nation” and include representatives outside of the banking industry. Bernie Sanders, the independent senator from Vermont and a presidential candidate, also signed the letter.
The letter noted that Congress in 1977 passed a law mandating more diversity at the Fed.
“Nearly 40 years later, the leadership across the Federal Reserve system remains overwhelmingly and disproportionately white and male, while major financial institutions and corporations are overrepresented in senior roles,” the letter said.
Leading Democrats including Sen. Elizabeth Warren of Massachusetts and Rep. John Conyers of Michigan signed the letter. Rep. Maxine Waters, the ranking member on the House Financial Services panel, was also a signatory.
At the moment, 11 of the 12 Fed regional presidents are white and ten are men.The five members of the Fed board of governors are all white, while two are women.
“Is the Fed Board of Governors embarks on its search for regional president vacancies, we urge you to engage in an inclusive process to consider candidates from a diverse set of background, including a greater number of African-Americans, Latinos, Asian Pacific Americans, women and individuals from labor, consumer, and community organizations,” the letter said.
In response, a Fed spokesperson said the central bank has “focused considerable attention in recent years” on recruiting directors of regional Fed banks with diverse backgrounds and experiences.
As a result, minority representation at the 12 district banks and their branches has increased to 24% this year from 16% in 2010, the spokesperson said.
By Greg Robb
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After The Storm: Stories of Puerto Rican Resilience
After The Storm: Stories of Puerto Rican Resilience
One year after Hurricane Maria made landfall in Puerto Rico, the island is still feeling the effects of the devastating...
One year after Hurricane Maria made landfall in Puerto Rico, the island is still feeling the effects of the devastating storm. In this special episode, "After the Storm," Tanzina Vega explores questions of status, economic resilience and activism at the ground level. What does it mean to be Puerto Rican post Maria? And is Maria the event that could fundamentally change the trajectory of the island? The Takeaway finds out.
Read the full article here.
How Cities’ Funding Woes Are Driving Racial and Economic Injustice—And What We Can Do About It
The Nation - April 28, 2015, by Brad Lander & Karl Kumodzi - In August 2014, the municipality of Ferguson, Missouri...
The Nation - April 28, 2015, by Brad Lander & Karl Kumodzi - In August 2014, the municipality of Ferguson, Missouri erupted onto the national scene. In the wake of the killing of Michael Brown, we learned much about economic and political life in Ferguson and greater St. Louis County.
To many, it was no surprise to learn that, for years, African-American residents of municipalities throughout St. Louis County have been disproportionately and illegally stopped for minor offenses. Blacks are far more likely to be stopped, searched, ticketed, fined, and arrested. Many wind up jailed, leading to a cycle of lost jobs, drivers’ licenses, homes, or child custody. Some are beaten, terrorized, or—like Michael Brown—even killed.
It was more surprising to learn that in Ferguson, “Driving While Black” isn’t only about racial profiling: it’s also about municipal revenue. Fines and court fees have become the city’s second largest revenue source, and the over-criminalization of Black people has become a strategy for collecting taxes.
It is important to understand and address the revenue crisis facing U.S. municipalities. As cities have become unable to pay their bills, they often turn to regressive strategies that disproportionately harm people of color and low-income residents.
Ithaca, NY is like Ferguson. Up until January 2014, residents had to pay for installations and repairs of public sidewalks adjoining their properties—with one notable case in which 28 homeowners were forced to pay a combined $100,000 out of their personal pockets to the city for repairs. Detroit, MI is like Ferguson. After the city filed the largest municipal bankruptcy in US history, the city’s water department responded to pressures to lower their $90 million portion of the overall $20 billion debt by shutting off crucial water services to mostly Black low-income residents who owed over a mere $150 on their water bills. This April, Baltimore followed Detroit’s lead.
These cities are like Ferguson because of a common underlying problem: All across America, cities and towns are struggling to maintain enough revenue to provide crucial services to residents. The collateral damage of this revenue crisis—over-criminalization, utility shut-offs, the withdrawal of public services, and slashed budgets for schools—is dire.
Local Progress, a national network of progressive municipal elected officials, is working to address inequality from an often overlooked source: municipal budgets. In our new report, Progressive Policies for Raising Municipal Revenue, Local Progress lays out forward-thinking strategies and policy options that cities can pursue to restructure their revenue streams in a way that doesn’t fall disproportionately on the backs of their most vulnerable residents.
The roots of the municipal revenue crisis were decades in the making. Following the post-war desegregation of housing and education, and other civil rights victories of the 50’s and 60’s, racial animosity and the conservative backlash against taxation—referred to by historians as the tax revolt—helped to fuel the exodus of higher-income families from urban centers to suburban enclaves.
This “white flight” dramatically eroded the tax base of urban centers like Detroit, Cleveland, and St. Louis—and later of first-ring suburban municipalities like Ferguson.
The tax revolt also led directly to policies that dramatically reduced the ability of cities to collect enough revenue through property and other taxes. Most dramatic was the 1976 passage of Prop 13 in California, which contributed heavily to the erosion of California’s public education system and other public services.
In 2008, the Great Recession caused the municipal revenue crisis that had been brewing for decades to explode, spurring significant and rapid declines in general fund revenues for municipalities. In order to deal with the impacts of this dramatic shortfall, cities were forced to cut personnel, cancel capital projects (and their much-needed jobs), and slash funding for education, parks, libraries, sanitation, and more. These cuts hit low-income families the hardest. And they are especially harmful to Black families because African-Americans are 30 percent more likely to be employed by the public sector than other workers.
The strategies that many municipalities adopted to address the crisis hit low-income people of color the hardest. When property tax revenue declined in St. Louis County, fines-and-fees revenue increased in order to maintain revenue. Tickets are issued for everything from failure to cut one’s lawn to sleeping over at someone’s house without being on the occupancy certificate. In nearby Edmundson, the city averages $600 per person per year in court fines, and forecasts increasing revenue from these fines in their future budget proposals – essentially creating a hidden tax on the most vulnerable residents. Black residents throughout the region report feeling “as if their governments see them as little more than sources of revenue.”
Many towns have resorted to privatizing formerly public responsibilities such as trash collection, sewage, roads, parks, and introducing new fees to force residents to foot the bill directly. These fees and taxes are often extremely regressive, because as everyone is forced to pay a flat rate, poor people end up paying a higher percentage of their income. A recent study conducted by the Institute on Taxation and Economic Policy found that the nationwide average effective state and local tax rates are 10.9% for the poorest fifth of taxpayers and 5.4% for the wealthiest 1 percent. In fact, in the ten states with the most regressive tax structures, the poorest fifth pay as much as seven times the percentage of their income in taxes and fees as the wealthiest residents do.
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Addressing the municipal revenue crisis is, therefore, a central barrier to achieving racial and economic justice in our urban centers, and to rebuilding a more democratic, just, and livable America with genuinely shared prosperity.
Luckily, there are creative and progressive strategies that municipalities can adopt to generate more revenue in a progressive way, such as:
● Expanding the progressivity of existing local income taxes by creating more tax brackets with greater differences between brackets, and doing the same for property taxes in order to generate more revenue from commercial and high-end development.
● Eliminating corporate tax breaks at the city level, particularly Tax Increment Financing and business improvement districts that come with tax breaks
● Restructuring fines so that residents pay different rates based on income. A $200 traffic ticket has no deterrent effect for a millionaire, but can be devastating for a low wage worker; a more rational fine system, like the one adopted in Finland, would be more fair and generate more revenue.
● Mandating that major tax-exempt institutions like hospitals and universities make genuine and fair payments in lieu of taxes (PILOTs) to help cover the costs of crucial city services that they use.
● Converting city services into municipality-owned utilities when possible, charging utility fees to all users, and applying conservation pricing so lower-income households pay a lower rate while bulk users—such as commercial and industry—pay higher rates
● Forming statewide coalitions of municipal elected officials, grassroots organizations, school boards, and other affected parties to change preemption and revenue policies at the state level.
These policy innovations and many more are detailed in our report.
Cities are America’s bedrock and its future: both for our country and for the progressive movement. Cities are home to 67% of the population, account for 75% of our GDP, and house our best public institutions and infrastructure.
The policy recommendations laid out by Local Progress in our new report can help municipalities develop progressive revenue solutions—so they can pay for public education, health, and housing programs that help families thrive, invest in the infrastructure of public transportation, climate resilience, parks that sustainable cities need, and stimulate inclusive economic growth that creates good jobs.
Through progressive revenue strategies, cities can turn the Ferguson-like cycle of disinvestment and inequality into a cycle of reinvestment and opportunity—and help make sure that our cities can become the models for our vision of a more progressive and prosperous America.
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Lessons From the Death of Seattle’s ‘Amazon’ Tax
Lessons From the Death of Seattle’s ‘Amazon’ Tax
In an act of novel cross-city solidarity, more than 50 members of the progressive political network Local Progress...
In an act of novel cross-city solidarity, more than 50 members of the progressive political network Local Progress signed an open letter to Seattle expressing “strong support” for the tax, while local officials in the Bay Area and Silicon Valley began murmuring about passing their own big-business taxes. A handful of national leaders—including Senator Bernie Sanders and Representative Pramila Jayapal—even weighed in.
Read the full article here.
For the Undocumented, Life Looks Different Outside a Sanctuary City
For the Undocumented, Life Looks Different Outside a Sanctuary City
This story was first published in Spanish on our sister site, CityLab Latino. The marker between two territories is not...
This story was first published in Spanish on our sister site, CityLab Latino.
The marker between two territories is not just a line on a map. Norma Casimiro knows this all too well. Seventeen years ago, she left her home state of Morelos, Mexico, with a young son. Since then, she has lived in Westbury, New York, a suburban town in Nassau County with a population of just over 15,000. She lives in a studio in a sublet single-family home with her husband, who is also undocumented, and their 8-year-old daughter who was born in the United States.
Now, in the aftermath of the presidential election, Casimiro is anxious. Westbury is 11 miles from Queens, which means 11 miles from the protections that a so-called "sanctuary city" offers undocumented immigrants.
"We’ve never really considered moving to the city because we have jobs here and we feel as if we’re a part of the community," Casimiro said. "But it does sometimes cross our minds because of what could happen after January 20."
She knows that New York City would provide better public services for her and her family. "You can feel safer over there," she said, "especially after I heard Mayor (Bill) De Blasio say he would defend all New Yorkers, regardless of their immigration situation."
Living in the middle-class suburbs comes with a number of everyday difficulties, like limited transportation, scant social programs and high cost of living. Now, Casimiro feels even more vulnerable, anxious over the president-elect’s campaign threat to deport millions of undocumented immigrants. She also lives in fear that Trump’s anti-immigration policies may leave her son without the benefits of DACA (Deferred Action for Childhood Arrivals), a type of administrative relief from deportation created during the Obama administration.
Since the election, she's perceived a change in the way people in the community look at her. "I have noticed some disapproving looks that left me with a bad taste," she said. "In Westbury, there are more Latinos than in other parts of the island and you feel safer. But I still feel afraid of going to some stores alone."
She and her family know that Westbury law enforcement has collaborated with the U.S. Immigration and Customs Enforcement (ICE) in the past. That's why the family generally avoids any type of conflict and rarely goes out at night.
Once, Casimiro had an incident while cleaning a house in the area, which left her shaken.
"I was taking the trash out ... and the alarm went off in the neighbor’s home," she said. "The police cornered me and asked me lots of questions. They asked for my ID. I wish I had one of those IDs they give out in New York. I told them I didn’t have it on me because the owner had brought me in her car. Luckily, the babysitter, who speaks good English, came and intervened on my behalf."
In 2014, the Nassau Sheriff’s Department ceased cooperation with ICE and stopped holding immigrants in jail for longer than allowed by law. The Sheriff’s Department also adopted a set of recommendations, such as that agents not ask anyone about their immigration status.
The organization Make The Road New York explains the difference between living in a city or the suburbs. "The very structure of a city offers more protection because of the existence of public transportation, a more dense population and lots of diversity," organizer Natalia Aristizabal said. "The mere fact of being surrounded by neighbors in an apartment building makes people feel safer than living in an isolated house."
New York City offers access to social programs and diverse community centers. A policy, passed last year, states that municipal IDs can be used as official identification and to open bank accounts. There are also a number of reliable lawyers for low-income people at risk of being deported.
Legislation also exists in New York that prohibits the Department of Corrections from sharing information about any prisoner with ICE before sentencing. Nor can other law enforcement agencies provide the federal government with any information about the immigration status of New Yorkers.
These protections disappear outside the boundaries of the five boroughs. And Long Island’s geography does not help. Immigrants usually own a car because of the lack of public transport, but driving without a license creates risk. "The racial profiling techniques used in the past to intercept a Latino in a vehicle and automatically report their immigration status are well known," said Walter Barrientos, the lead organizer for Make the Road New York in Long Island. "In some places, measures have been taken to control these actions, but not so much in Nassau."
Scattered infrastructure and lack of diversity facilitate more discrimination. "This isn’t Manhattan," Barrientos said. "It’s really easy to see who does and who doesn’t have papers here. It’s those who drive old cars or are walking towards the train station."
Nassau’s Police Department reported 32 hate crimes in 2015. The department also reports an uptick in these types of attacks since the election. "Over the last few months, our people have clearly seen how there are people who are incorrigible when it comes to expressing who they do not want in their neighborhoods," Barrientos said.
In Nassau, legal advice for immigrants is almost non-existent. So it's difficult to explain, for instance, that pleading guilty to a traffic violation could affect an immigration process. "Any problem with the justice system opens a door to deportation. This is the biggest fear of our community: that Trump’s promise to deport all immigrants with a criminal history may come true."
Ana Maria Archila, co-executive director of the Center for Popular Democracy, said it is important now to find creative ways to defend people against a Trump administration that "seeks to fulfill their promise of harassing immigrants." This includes establishing a network of allies within the community who are "willing to turn their homes into 'sanctuaries' where people can stay and feel safe," she said.
In the meantime, Norma Casimiro waits. In nearly 20 years of living in the United States, she has never felt so insecure about her future and the future of her children. "All we can do is fight so that our voices are heard," she said. "And hope that someday we will enjoy the same protections as those in New York City."
By MARÍA F. BLANCO
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Latinos Have The Highest Mortality Rate In Accidents Of The New York Construction Industry
Latinos Post - February 26, 2014, by Jorge Calvillo - The Hispanic and immigrant population employed in the...
Latinos Post - February 26, 2014, by Jorge Calvillo - The Hispanic and immigrant population employed in the construction industry in the state of New York is the ethnic group most vulnerable to fatal accidents in the workplace, according to a report by the Center for Popular Democracy.
According to El Diario NY, the data collected by the study shows that between 2003 and 2011, within the total amount of deaths by falls and accidents in construction areas registered in New York City, 60 percent of the deceased were Hispanic and/or immigrants.
This is an alarming figure because 75 construction workers die due to accidents per year in the state of New York, revealed journalist Blanca Rosa Vílchez, for news network Univisión.
The source points out that in New York, 41 percent of construction workers are Hispanic. However, the report released on Thursday showed that 74 percent of the deaths by accidents belong to that same ethnic group.
Last September 24, construction workers in Brooklyn protested to demand better safety conditions in their workplaces, after they reported a significant rise in accidents related to the low investment in safety that companies offer, which has caused severe accidents which in many cases have taken the lives of workers, who receive a minimum salary.
Back then, El Diario NY reported that the workers protested at 227 Carlton Avenue in Fort Greene, where a 62-year-old worker lost his life when the roof of one of the buildings he was working on collapsed onto him on September 10.
According to the protestors, contractor companies in New York buy low-quality materials to save some money and don't invest in safety courses for their workers, which leaves construction workers in a perilous situation.
The Latino community working in the construction industry is double vulnerable in this situation, since many of the workers are undocumented immigrants, and if they suffer an accident, they don't report the construction company for fear of being deported or fired.
As if this were not enough, if violations of safety norms are reported, the fines against construction companies are very low, which makes it easy for them to continue ignoring safety norms in construction sites.
Univisión highlights that the fines construction companies face are no higher than $2,000 in case of an accident, and $12,000 if a worker dies, a figure that reflects the dimensions of the risks that construction workers must face every day.
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Why I Let D.C. Cops Drag My Body out of the Capitol
Why I Let D.C. Cops Drag My Body out of the Capitol
"Why don't you spend more money on health care instead of ugly, fake Colonial furniture for Senate offices!" That's...
"Why don't you spend more money on health care instead of ugly, fake Colonial furniture for Senate offices!"
That's just one of the things I remember yelling on Thursday, July 10, as I sat on the floor outside the office of Lamar Alexander, Republican senator from Tennessee, in the District of Columbia's Dirksen Senate Office Building, waiting for the D.C. Capitol police, about a dozen of whom had assembled, to carry me away.
Read the full article here.
5 days ago
5 days ago