Time for a Moratorium on Charter Schools
Al Jazeera America - April 14, 2015, by Amy Dean - Charter schools are everywhere. Not long ago, these publicly funded...
Al Jazeera America - April 14, 2015, by Amy Dean - Charter schools are everywhere. Not long ago, these publicly funded but privately run institutions were a relative rarity. Those that existed served mostly as experimental academies whose successful lessons could be applied elsewhere in their host school districts. But in the last 15 years, swaths of the U.S. public education system have been turned over to charters. In fact, they are being used as a means to crush teachers’ unions and to pursue high-stakes testing.
Charter advocates justify this ascent by promising an antidote to the disappointing outcomes of traditional public schools in segregated and underfunded urban districts. But the research is in: Charter schools have failed to deliver on their promises.
It is time lawmakers freeze their growth and consider how to provide the best education possible for all students.
Underwhelming performance
There are recent precedents for a moratorium on charter schools. Philadelphia, which issued dozens of charter licenses before 2008, did not allow any new ones from 2008 to 2015. The Chicago School District declared a freeze on charters for the 2015–16 school year. Connecticut and Delaware are considering similar actions. Other school boards and states should follow suit.
As a bevy of recent studies prove, charter schools are not substantially outperforming neighborhood public schools. In Arizona, for example, “on average, charter schools in Arizona do no better, and sometimes worse, than the traditional public schools” according to a study by the Brookings Institution. A similar study in Ohio showed that public schools were producing better results than their charter peers in most parts of the state. In Illinois the Institute on Metropolitan Opportunity found that Chicago’s charter schools are “less likely to be racially or ethnically diverse” than and “consistently underperform” their public school peers.
That charter schools are not doing better than traditional public schools is particularly disturbing, since they have a host of advantages. Notably, many charters cherry-pick their students. A 2013 study by Reuters found that charter schools employ complicated screening mechanisms to admit only students who are most likely to succeed. This ensures that students from deeply impoverished families or households where English is not spoken at home are less likely to gain admission. These methods include using English-only documents, demanding proof of citizenship (which is illegal) and narrowing application windows to a few hours.
Charters also regulate the composition of their student bodies through expulsions. In 2014 the Chicago School District reported that public schools expelled 182 students out of 353,000. By contrast, charter schools booted 307 students out of 50,000. The expelled students end up back in the public schools, which become the institution of last resort. Charter schools should in theory register superior test scores, since they are not serving some of the highest-need students. Yet that has not been the case on the whole.
Charters have fallen short in terms of transparency and accountability too. A 2010 review from the Philadelphia controller’s office found that the city’s charter schools had little oversight from the understaffed and underfunded school district. Numerous charter operators have been charged with corruption and misuse of funds.
A national moratorium on charter schools would stop the hemorrhaging of funds from traditional public schools.
A 2014 report by two anti-education-privatization organizations, the Center for Popular Democracy and Integrity in Education, found $136 million in fraud and abuse in 15 states. A follow-up study (PDF) in Pennsylvania revealed “charter school officials have defrauded at least $30 million intended for Pennsylvania schoolchildren since 1997.” Some of the questionable dealings may not be illegal because of the intricacies of state laws, but there is little doubt that public money is being wasted.
A recent review of charter school scandals in Florida and Michigan by The Washington Post listed numerous cases of real estate flipping, in which charter schools were used as vehicles for exorbitant profits. Michigan’s largest charter operator, National Heritage Academies gets a 16 percent return on its investment in rent from the state — nearly twice what most commercial properties receive.
A nationwide moratorium
Chicago and Philadelphia provide good examples for setting moratoriums on charter schools, but the freeze has been limited in both cities. Philadelphia’s School Reform Commission did not approve a new charter school in the last seven years. But the number of students enrolled at the existing charters continued to grow, doubling from 2007 to 2015. This year the commission approved five new charters — a regrettable reversal of the moratorium.
Chicago Mayor Rahm Emanuel has declared that no new charter schools will be funded during the 2015–16 year. However, there is good reason to believe that he is simply playing politics and that he will not extend the moratorium. He faced a tough re-election battle, and the temporary halt was seen as an attempt to lure supporters of public education back into his camp. His poll numbers plunged in 2013 when he closed 50 neighborhood public schools, mostly in black and Hispanic neighborhoods that turned out for him in the 2011 election. His attempts to use the moratorium to appeal to disaffected voters shows that black and Latino parents, whom advocates of the charter industry insist want more charter schools, are hardly as enamored with charters as previously thought.
Nationwide, the expansion of charter schools continues unabated. Charter advocates report that 500 new charter schools opened during the 2014–15 school year, enrolling 348,000 students. One in 20 American students is enrolled in a charter school.
It is time for this to stop.
Charter advocates claim that they are data-driven technicians who pay attention to evidence of what works. But research does not support their preferred education policies. A national moratorium on charter schools would stop the hemorrhaging of funds from traditional public schools. It would also allow time to address the corruption that has plagued the charter industry. This would create an opportunity for some reflection on what actually works best for educating our children.
Amy B. Dean is a fellow of the Century Foundation and a principal of ABD Ventures, a consulting firm that works to develop innovative strategies for organizations devoted to social change. She is a co-author, with David Reynolds, of “A New New Deal: How Regional Activism Will Reshape the American Labor Movement.”
The views expressed in this article are the author's own and do not necessarily reflect Al Jazeera America's editorial policy.
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Janet Yellen, the first woman Fed chair, proved the skeptics wrong and got fired anyway
On February 3, Federal Reserve Chair Janet Yellen, the first woman to lead the central bank and likely the most...
On February 3, Federal Reserve Chair Janet Yellen, the first woman to lead the central bank and likely the most qualified nominee ever for the post, will exit the Fed, leaving a legacy described as “near perfection” and with an “A” grade from a majority of economists.
And yet in 2014, the US Senate confirmed Yellen by a vote of 56-26, the lowest number of “yes” votes a confirmed Fed chair has ever received.
Read the full article here.
Shutting Down the School-to-Prison Pipeline
Shutting Down the School-to-Prison Pipeline
Working at The Center for Popular Democracy (CPD), Kate has partnered with youth-led organizations on various policy...
Working at The Center for Popular Democracy (CPD), Kate has partnered with youth-led organizations on various policy initiatives and community organizing campaigns, and has represented young people facing school suspensions. At Proskauer, she has conducted trainings and served as a mentor and supervisor, enabling our lawyers to make a real difference in school suspension hearings. Even when a suspension cannot be avoided, an attorney may be able to help reduce its duration or secure other benefits, such as help for a learning disability, or a transfer to a school that is better-suited to the student.
Read the full article here.
Project to provide legal counsel for immigrants
Project to provide legal counsel for immigrants
National Catholic Reporter - December 17, 2013, by Megan Fincher - Impoverished immigrants facing deportation in New...
National Catholic Reporter - December 17, 2013, by Megan Fincher - Impoverished immigrants facing deportation in New York City can now have court-appointed counsel on their side for the first time in this nation's history.
Noncitizens of the United States facing deportation -- such as green card holders, refugees, victims of trafficking, and those living in the country illegally -- have no constitutional right to representation. The New York Immigrant Family Unity Project, a pilot program funded by a $500,000 investment from the city, is trying to change that.
"New York City has a tradition of welcoming immigrants. Its economics are driven by immigrants. Investing in immigrant families in New York City is our starting point," Brittny Saunders told NCR. Saunders is a senior staff attorney for immigrant rights and racial justice at the Center for Popular Democracy, an advocacy group working with the Family Unity project.
For the next year, the project will provide pro bono legal services to an estimated 20 percent of indigent noncitizens facing deportation at the Varick Street Immigration Court in New York City, according to Vera Institute of Justice, a nonpartisan, nonprofit center for justice policy and practice.
"The current state of affairs is creating real harm, really devastating immigrant families in New York City," Saunders explained.
Paula Shulman, second-year law student at Cardozo School of Law, agrees: "The New York Immigrant Family Unity Project is very aptly named. Detentions and deportations tear families apart every day."
The idea to create the New York Immigrant Family Unity Project came out of the 2010 New York Immigrant Representation Study, initiated by Judge Robert Katzmann of the Second Circuit Court of Appeals. The study examined trends in New York City immigration courts from 2000 to 2010. During that decade, 60 percent of detained immigrants in New York City were without counsel, and subsequently, only 3 percent of that group won their case. In comparison, immigrants who were represented and released from detention or never detained experienced a 74 percent success rate.
With the support of legal nonprofits, research groups, and ultimately the city itself, the study went "from an academic model to a living, breathing program" via the New York Immigrant Family Unity Project Nov. 6, Saunders said.
"For the first time ever, anywhere in this country and our legal system, mothers, fathers, sisters and brothers who would otherwise be unable to afford an attorney have access to attorneys who can present the legal issues and handle them expeditiously," Shulman, who works at Cardozo's Immigration Justice Clinic, wrote to NCR in an email.
Saunders explained that immigrant families are often "mixed status," meaning citizens, permanent legal residents and undocumented persons can make up a single family.
"One study from 2005-2010 showed that U.S. Immigration and Customs Enforcement arrested parents of 13,500 children in New York City alone," Saunders said. "More than half of those children lost at least one parent to a final order of deportation."
But what happens when primary caregivers are sentenced to deportation whose children are U.S. citizens? "If there's no other caregiver in place, children are thrust into the foster care system," Saunders said.
Shulman explained that the project is also fighting unnecessary detentions "because it can be the family breadwinner or the single mom who is held in a facility, unable to see his or her loved ones, let alone support or provide for his or her family."
Immigration detention is unlike criminal detention, because it is not "based on risk of danger to the community," and determining who gets sent to immigration detention and what bond is set is "haphazard and divorced from clear risk assessment," Shulman said.
"One of the many goals of the New York Immigrant Family Unity Project is to reduce detention time for individuals eligible for release so they can return to their families, their jobs, and their communities."
Saunders noted that in its first weeks, the project is "not just creating benefits for individuals who receive counsel, but it's also creating real benefits for the courts and the systems themselves. It's been really impressively seamless."
"We see what is happening in New York as the beginning of a change that could happen all across the country," Shulman said. "We support and anticipate replication of the model and the pilot. In fact, we have already received inquiries from five other states."
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Voting rights restored to 40,000 Marylanders
Source: ...
Source: The Baynet.com
The Maryland General Assembly overrode Governor Larry Hogan’s veto today on a bill that restores voting rights for approximately 40,000 Maryland citizens who live in their communities but were barred from voting because of a criminal conviction in their past. The law will go into effect on March 10, 2016 allowing all former felons who are out of prison to register and vote in Maryland’s upcoming April local and federal primaries.
Maryland law withheld the right to vote from individuals until they fully completed every requirement of their sentence, including those beyond incarceration, like probation and parole supervision. SB 340/HB980, introduced by Sen. Joan Carter Conway (D-Baltimore) and Del. Cory McCray (D-Baltimore), simplifies the process by allowing an individual to become eligible to vote upon release from prison or if they were never incarcerated.
After the law takes effect on March 10, affected Marylanders will have until April 5 – less than a month -- to register to vote in the April 26 primaries. New voters can also register through same-day registration during the early voting period of April 14 – 21. There will be at least 59 early voting centers throughout the state.
The bill was championed the Unlock the Vote coalition, led by Communities United with Out for Justice, the ACLU of Maryland, Common Cause Maryland, Maryland Working Families, MD State Conference of the NAACP, Maryland League of Women Voters, 1199SEIU United Healthcare Workers East, SEIU Local 500, SEIU 32BJ, SEIU Maryland & DC State Council, Prison Ministry Task Force of the Episcopal Diocese of Maryland, the Job Opportunities Task Force, the Center for Popular Democracy, Brennan Center for Justice, the Sentencing Project, the National NAACP and the NAACP National Voter Fund, Communication Workers of America, SAVE Our Votes, Colorofchange.org, People for the American Way, the Democracy Initiative, the American Probation and Parole Association and Common Cause.
“The Maryland General Assembly has opened up our democracy to the thousands of Marylanders who have returned home from prison and now have the right to vote. I know from experience that this legislation will have a powerful impact on our lives and in our communities,” said Perry Hopkins, a formerly incarcerated citizen and organizer with Communities United. “From the minute you are released from prison, you pay taxes, you are working to reintegrate back into society in a productive way and you deserve the full rights of citizenship. It’s just that simple. And today the Maryland General Assembly did the right thing and restored our rights.”
“Today’s override is a huge step forward for voting rights in Maryland. Governor Hogan suppressed the vote for an additional eight months with his veto so our next challenge is to quickly educate and register voters for the upcoming April 26 local and federal primaries” said Jane Henderson, executive director of Communities United. “Because of the confusing nature of the previous law, there is a lot of misinformation about if and when those with felonies can register and vote. We want all former felons to know that if you are home, you can vote. We have a short window of opportunity in March to reach and register newly enfranchised voters – whether in church, on the job, at recovery centers, at parole offices or in our neighborhoods – and we call on civic, civil rights and religious leaders to help us to reach these 40,000 newly enfranchised citizens."
“This is a victory for civil rights that comes at a critical moment for our state and our nation,” said Gerald Stansbury, President of the Maryland State Conference of the NAACP. “Today 40,000 Marylanders who have been locked out of the process by an unfair law and an unjust criminal justice system have regained a fundamental right of citizenship, the right to vote. The majority of citizens regaining their voting rights are African American and it has never been more important that their voices are heard in local government, the halls of the State House and by our federal representatives. I am grateful to the Maryland General Assembly for restoring the right to vote.”
“Democracy is on the march in Maryland. The Maryland General Assembly’s vote to restore the right to vote of more than 40,000 ex-offenders comes at a critical time for our democracy,” said Emma Greenman, Director of Voting Rights and Democracy at the Center for Popular Democracy. “Over 50 years after the passage of the Voting Rights Act, nearly 5.8 million Americans remain shut out of the democratic process because of a criminal conviction. Today Maryland unlocked the vote for folks reintegrating into their communities and lifted up their voices in our democracy.” “We’re seeing growing national momentum for voting rights restoration, and Maryland is the latest place to join in on this trend,” said Tomas Lopez, Counsel at the Brennan Center for Justice at NYU School of Law. “This legislation will give 40,000 Marylanders a second chance.”
The measure builds on recent bipartisan support for rights restoration around the country. Last year, U.S. Attorney General Eric Holder called on states to restore voting rights. Supporters from across the political spectrum have introduced bills in Congress to restore rights, including the Civil Rights Voting Restoration Act of 2015 from U.S. Sen. Rand Paul (R-Ky.) and the Democracy Restoration Act of 2014 from U.S. Sen.Ben Cardin (D-Md.) and U.S. Rep. John Conyers (D-Mich.).
Over the past two decades, more than 20 states have improved their criminal disenfranchisement laws, including Maryland, which ended lifetime disenfranchisement in 2007. Like similar laws elsewhere in the United States, Maryland’s criminal disenfranchisement law has disproportionately impacted racial minorities. It is estimated that African Americans have comprised more than half of Maryland’s disenfranchised population. When the rights restoration bill becomes law, Maryland will be the newest addition in the national movement to restore voting rights to people who are released from prison, joining 13 states and the District of Columbia.
What Can Jews Do About Police Violence After Shootings — and Dallas?
What Can Jews Do About Police Violence After Shootings — and Dallas?
Your brother’s blood cries out to me from the ground!” The ground this week is not East of Eden, where Cain slew Abel;...
Your brother’s blood cries out to me from the ground!”
The ground this week is not East of Eden, where Cain slew Abel; it is St. Paul, Minnesota, where Philando Castile was gunned down while reaching for his ID. It is Baton Rouge, Louisiana, where Alton Sterling was shot at point-blank range, already immobilized and pinned down by police.
And while you, reader, are not Cain — after all, you did not pull the trigger — neither can any of us object, as he did, “Am I my brother’s keeper?!” We are our brothers’ and sisters’ keepers, as Americans, as mostly-white and mostly-privileged Jews, as participants in a society where so many tragedies become travesties of racial injustice.
But what can we do? What can I do?
First, we must, communally, recognize that this is a real crisis and make it a subject of dinner conversations, rabbinic sermons and communal action. Because in fact, the problem isn’t just the cops; it’s us.
Thanks to the proliferation of recording technologies, the crisis of police violence is now more visible than ever before; Castile was killed live on Facebook. Indeed, as best as we can tell, the rates of violence haven’t risen much; we’re just seeing the evidence of it more.
Yet even in the face of gruesome videos, there is still a great deal of denial among white Americans that the deaths of Eric Garner, Laquan McDonald, Mike Brown, Sandra Bland, Rekia Boyd and now Castile and Sterling, are, in fact, a crisis of police violence against people of color. After all, none of the officers were found guilty in a court of law; they had reasons to believe they were in danger; these things happen.
But these things don’t just happen. Yes, most police officers are diligently doing their jobs and keeping us all safe. Painting with a broad brush is not only inaccurate, but leads to tragedies such as the shooting deaths of three police officers at a Dallas protest this week. At the same time, the statistics paint a convincing, terrible picture.
Over 1,000 people are killed by police every year, nearly 60% of whom were either unarmed or should never have been stopped in the first place. Compare that number to other countries. Germany had 6, Britain, 2; Japan, 0. What the hell is wrong with us, as a country?
One problem is how we police. “Quality of life” policing is a gigantic dragnet, ostensibly based on the “broken windows” theory that even petty crime leads to a deterioration of law and order in general. In practice, however, it creates confrontations where none need to exist. And then “these things happen.”
I’ll give you an example that isn’t in the news, and isn’t based on race. Just last week, an acquaintance of mine was relaxing on a beach when his towel slipped off. He wasn’t wearing anything underneath. This was a minor infraction of the law — but my friend was suddenly jumped by five police officers (two in civilian clothes), pinned to the ground and dragged, naked, off the beach while he pleaded for help.
That entire confrontation should never have taken place. At most, he should have been given a citation; really, he should have just been warned. But, presumably because that particular beach is popular with LGBTQ people and with people of color, someone, somewhere, decided that a crackdown was necessary. Thank God my friend didn’t resist arrest; he, too, could have been a statistic.
Now multiply that encounter by ten thousand, maybe a hundred thousand. Even without “stop and frisk,” our nation’s approach to policing creates dangerous situations. Violence becomes inevitable.
“Broken windows” must end. “For-profit policing,” in which cops are given quotas for minor offenses in order to generate revenue and evaluate police performance, must end. Profiling must end. Escalation of minor incidents must end. The philosophy must change.
Another problem is how police are trained and reviewed. In many places, cops are not adequately trained to balance protecting safety (their own and others’) with defusing conflict. They respond, routinely, with overwhelming and often deadly force to situations that could be resolved without it. They are often scared kids, put into stressful situations with inadequate mental resources.
The rules of engagement must be changed at the training level and the legal level. States and cities should adopt international standards for the use of deadly force — both as cops are trained and as their actions are reviewed. Standards of review should be changed.
And of course, cameras should be placed on every cop in America — with strict rules that civilians’ faces be obscured before any recording is released to the public. This should help the vast majority of cops, since recordings help explain and defend appropriate conduct as much as they reveal misconduct. And in addition to holding bad cops accountable, body cameras could help prevent misconduct from happening in the first place.
Yet of the 509 fatal shootings by police that have taken place this year, body cameras were worn in only 64 of them. Who knows how many of the remaining 445 lives might have been saved, or what we would have known about the circumstances of their deaths?
Another problem is weaponization. The last two decades have witnessed a massive militarization of civilian police forces. Town sheriffs are buying tanks, military-grade weaponry — it’s outrageous and dangerous and unwarranted. Arm cops to the teeth, and they will use the tools they’re given.
And then, of course, there’s race.
Of those 509 people fatally shot by police so far this year, 202 were black or Hispanic. Young black men were killed at five times the rate of similarly-aged white men. Even taking into account higher crime rates in communities of color, this has been shown by exhaustive, detailed studies to be disproportionate. According to once such study, correcting for all these and other factors, the probability of being black, unarmed and shot by police is 3.49 times the probability of being white, unarmed and shot by police.
That’s why we need #blacklivesmatter and not #alllivesmatter: because when it comes to police violence, black lives clearly matter less.
Part of this is demographics: White men are less than one third of the U.S. population, but they are two thirds of police officers. Most of them are not overtly racist. But unconscious bias affects all of us, no matter how well-meaning we are. That’s what white privilege is: precisely that which is often invisible.
And when it comes to cops, we’re talking about life and death. This, too, must change, through recruiting, training and changes in the way our entire society talks about race.
Finally, while I doubt those Forward readers intending to vote for a candidate espousing white supremacy will ever be persuaded by evidence, it’s worth bearing in mind the yawning gap between the presidential candidates, and political parties, on this issue. Hillary Clinton has proposed creating national use-of-force guidelines, ending all forms of racial profiling, and improving training in conflict de-escalation.
Donald Trump has proposed nothing, but has said “We have to give strength and power back to the police.”
And in this regard, most other Republicans are right on board with him, usually refusing to acknowledge that a crisis is taking place or that is has anything to do with race. This, of course, reflects the racialized preferences of their white, conservative base. (The racism Trump’s candidacy has ignited didn’t come from nowhere.) It is also reprehensible.
As on so many other issues — climate change, gun regulation, the wealth gap — the Republican Party is on the wrong side of justice. If Trump is elected, more innocent black people will die. It is that simple. And those #StillBernie lefties still spreading calumnies about Clinton in the name of this or that pet issue should reflect on that.
Now, I didn’t come up with a single solution in this column. They and others are listed, and described in detail, on the websites of Campaign Zero, the Center for Popular Democracy and the Presidential Task Force on 21st Century Policing: ending “broken windows,” limiting use of force, demilitarization, body cameras, oversight, et cetera.
And yet, each time something like this happens, we white people ask ourselves “What can be done?” often throwing up our hands in despair. When in fact, a lot can be done. The problem is that around half the population doesn’t want to do it.
So, ironically, we need to make this crisis worse. Police violence against people of color requires local involvement, pushing for city- and county-level reforms. That gives Jewish communities, and other organized groups, unique leverage to make change — if we care enough to do so. Unfortunately, too many of our fellow privileged Jews aren’t “woke” to the crisis or the ways to address it. While God may hear the cries of our brothers’ blood, we are often deaf to them.
By JAY MICHEALSON
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Seattle Officials Repeal Tax That Upset Amazon
Seattle Officials Repeal Tax That Upset Amazon
“From coast to coast, people lose their homes and get displaced from their communities even as the biggest corporations...
“From coast to coast, people lose their homes and get displaced from their communities even as the biggest corporations earn record profits and development booms,” said Sarah Johnson, director of Local Progress, a national association of progressive elected municipal officials. “Elected officials across the country are paying close attention to how Amazon and other corporations have responded to Seattle’s efforts to confront their affordable housing and homelessness crisis.”
Poll Says Americans Want Fed To Focus On Jobs, Hold Off On Rate Increases
NEW YORK--As the Federal Reserve gets ready to debate its interest rate policy stance next week, a poll released...
NEW YORK--As the Federal Reserve gets ready to debate its interest rate policy stance next week, a poll released Thursday finds a strong majority of the American voters surveyed want central bankers to refrain from boosting short- term interest rates--and to instead concentrate on using monetary policy to further boost the job market.
The poll also found that respondents have inflation concerns, but even so, they still want the Fed to do what it can to create more jobs and spur the sort of wage gains that have eluded much of the nation. The poll of 716 registered voters also found respondents wanting greater public input into the central bank's decision making.
The survey was conducted in early September by Public Policy Polling under the direction of the left-leading Center for Popular Democracy. The group has been actively arguing against any move to raise short-term interest rates from current levels. Over recent months, its activists have been meeting with regional Fed bank president to press their case. The group also brought their case this year's high-profile central bank research conference in Jackson Hole, Wyo.
In the survey, 62% of respondents said high unemployment remains a "major problem," and 60% said low wages and weak incomes were also significant concerns. Half said the same thing about inflation. Just over half of respondents said the Fed should use its policy tools to prioritize job creation and stronger wage gains--versus 38% who want the central bank to direct its main focus to controlling inflation.
"There is no threat of inflation," said Connie Razza, Director of Strategic Research with the CDP. The poll shows Americans believe "the U.S. economy is not healthy enough to raise rates right now," she said in a conference call with reporters discussing the survey.
Nearly two-thirds of respondents believe the economy could benefit from maintaining low rates, and a similar amount want to see the current ultralow rates maintained.
The Fed is set to meet Wednesday and Thursday next week to decide what to do with its near-zero short-term interest rate target. Until only recently, there were fairly broad-based expectations that officials would raise rates at the meeting, ending an unprecedented era of ultralow rates that have prevailed since the end of 2008.
But a sharp rise in global uncertainty spurred by questions about growth in China, as well as the waves of market volatility this situation has unleashed, has undone any sense of certainty about what the Fed will do next week.
Steady if unspectacular growth coupled with a solid drop in the unemployment rate underpin the case to raise rates. Arguing against is persistently weak inflation and weak wage growth, with the Fed failing to achieve its price target for over three years. The Fed is legally charged with promoting job growth and stable inflation, and for many there is a conflict right now between the employment and inflation environments. That makes interest-rate decisions difficult for central bankers.
The poll also found dissatisfaction with the Fed's democratic accountability. Some 71% of respondents said the public doesn't have enough input into central-bank decision making. A majority of respondents believe the financial sector is overrepresented on regional Fed boards of directors.
The poll is unusual in that the public's attitude about the central bank is rarely measured. As important as the Fed is to the economy's performance, its mission and tools are often little understood by the broader public. For most of the Fed's history, its officials were happy operating in the shadows. But over recent years the Fed has become much more open about its aims and activities. Still, a Pew Research from last year found that only a quarter of Americans could even name Janet Yellen as chairwoman of the Fed.
"The focus on the Fed is extraordinary," Josh Bivens, director of Research and Policy at Economic Policy Institute, said on the conference call. The Fed "is the only engine we have for this recovery, and that's why it's getting all the attention," he said.
Source: Nasdaq
Demonstrators from Arizona chant, "Kill the bill or lose your job" while sitting on the floor outside the offices of Republican Senator Jeff Flake during a protest against health-care reform legislation
Demonstrators from Arizona chant, "Kill the bill or lose your job" while sitting on the floor outside the offices of Republican Senator Jeff Flake during a protest against health-care reform legislation
Demonstrators from Arizona chant, "Kill the bill or lose your job" while sitting on the floor outside the offices of...
Demonstrators from Arizona chant, "Kill the bill or lose your job" while sitting on the floor outside the offices of Republican Senator Jeff Flake during a protest against health-care reform legislation in the Russell Senate Office Building on Capitol Hill on July 10, 2017, in Washington, D.C. More than 100 people from across the country were arrested during the protest, which was organized by Housing Works and the Center for Popular Democracy.
See the photograph here.
Kenny Leon on directing the Avengers-studded Our Town reading
Kenny Leon on directing the Avengers-studded Our Town reading
The one-night-only reading, which will benefit hurricane relief in Puerto Rico, takes place Monday night at the Fox...
The one-night-only reading, which will benefit hurricane relief in Puerto Rico, takes place Monday night at the Fox Theatre.
Read the full article here.
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