Labor Activists Applaud First Statewide ‘Fair Scheduling’ Law
Starting next summer, companies in Oregon will have to give workers at least seven days’ notice about when they’ll have...
Starting next summer, companies in Oregon will have to give workers at least seven days’ notice about when they’ll have to work, according to legislation signed Tuesday by Governor Kate Brown. A handful of major cities have passed “fair scheduling” laws, but Oregon is the first state to do so and the biggest victory on the issue so far for labor activists.
Read the full article here.
Arizona's Minimum-Wage Initiative Saved by Political Consultant's Inheritance
Arizona's Minimum-Wage Initiative Saved by Political Consultant's Inheritance
The campaign manager for a group trying to raise Arizona's minimum wage said on Wednesday that the effort was helped...
The campaign manager for a group trying to raise Arizona's minimum wage said on Wednesday that the effort was helped considerably by his own timely loan of $100,000.
Bill Scheel is one of three founding partners of the public-relations and political-strategy firm Javelina, which Arizonans for Fair Wages and Healthy Families hired to run its campaign. The Phoenix-based firm got the job done in the form of Proposition 206, which will appear on the November 8 ballot.
Preliminary state campaign-finance records show that Bright Owl, a limited liability company of which Scheel is the sole member and manager, made a $100,000 contribution to the campaign on August 4.
Asked on Wednesday about the cash infusion, Scheel said the money is an interest-free loan, not a donation, and that it will be classified as such on the campaign's official pre-primary report, which is due to the state on Friday.
According to Scheel, the loan came in the nick of time to cover legal fees for an unexpected court challenge to the initiative, and was made possible by money he inherited after his parents died a few years ago.
"I couldn't think of a better way to honor their memory than to provide this loan, which has helped get our Healthy Working Families initiative on the ballot," he said.
If Arizona voters approve the measure, the state's minimum wage would go up to $10 an hour next year and rise to $12 in 2020.
But it almost didn't make the ballot. The Arizona Restaurant Association sued, claiming many of the petition gatherers hired by the campaign ineligible to collect signatures. The association wanted tens of thousands of signatures thrown out, potentially enough to knock the initiative off the ballot.
The campaign itself was in need of a raise.
Before Scheel's loan, the two largest payments to the campaign were a July 19 donation of $25,000 from the United Food and Commercial Workers union Region 8 States Council, and a May 12 donation of $25,000 from the California-based Fairness Project. Prior to that, records show, from January 1 to May 31, the effort was funded with $384,642 donated by the nonprofit activist group Living United for Change in Arizona, (LUCHA), which reportedly received money for the effort from the Washington, D.C.-based Center for Popular Democracy.
During that same period in the first half of 2016, the group spent $337,975.59 on signature gatherers, printing services, and other expenses, including $3,000 in consulting fees paid to Tomas Robles, the campaign's chairman and LUCHA's executive director.
Scheel says the campaign pays his company $10,000 a month for campaign management, plus another $5,000 a month for communications, all of which is split by several people at Javelina.
On top of all those expenses came the legal bills for the lawsuit by the restaurant association.
"We didn't have money set aside for legal expenses," Scheel explained, adding that his loan was a "huge help" to the campaign. It was also a risk to put his own money on the line, he admitted.
"If the court had ruled against us last Friday, my $100,000 would be gone," he said. "Legal fees is basically what [the money] was spent on."
Arizona's Minimum-Wage Initiative Saved by Political Consultant's Inheritance
Arizonans for Fair Wages and Healthy Families
The group's tenacity, along with Scheel's inheritance money, paid off in the courtroom. Last week, a Maricopa County Superior Court judge dismissed the lawsuit because the association filed the complaint seven days after the signatures were submitted to the Arizona Secretary of State's Office, exceeding the statutory limit of five days.
Now, the website for Arizonans for Fair Wages and Healthy Families lists Bright Owl as a major funding source, along with LUCHA, the UCFW, and the Fairness Project.
Scheel, who hasn't made any other contributions to the campaign, expects to be repaid out of donations that come in between now and November, he said.
"There will be future donations coming into the campaign from donors," he said. "About $1.5 million."
In response to questions from New Times, he said he hasn't made any deals with the unions and activist groups behind the campaign, nor does he expect anything in return other than repayment, if the group can manage it. His loan simply came at the right time and was a "huge help" to the legal effort that saved the initiative, he said.
"This really is a labor of love for me," Scheel said. "When I work on a campaign, I go all in. I want it to succeed."
By Ray Stern
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One vote will turn America’s path away from liberal socialism
WASHINGTON, Oct. 17, 2015 – What difference will my vote make? Too many will say: I am only one person. When asked why...
WASHINGTON, Oct. 17, 2015 – What difference will my vote make? Too many will say: I am only one person. When asked why they do not exercise our constitutional right to vote for our governmental representatives they wonder if their one vote makes a difference.
But that is foolish as history has shown that “one person” can prevail.
It was one brave soldier standing alone during a mass protest who stopped a column of armed tanks in China on Tiananmen Square in 1989; one frail man named Mahatmas Gandhi who was the driving force behind banishing the British Empire from India; one conservative, the Rev. Dr. Martin Luther King, who was the black community’s conscience when it needed someone to articulate the horrors inflicted upon blacks by a racist Democratic South.
Even before these 20th century [peaceful] activists, back in the 1860s, there was one conservative black Frederick Douglass. Douglas stood out as a champion of an enslaved people, the fight for their civil rights.
Frederick Douglass made it his life’s mission to rally others to join in with him in the liberation of his oppressed people. Born a slave, he died a millionaire in today’s terms.
Other men and women of courage, conviction and destiny have made a difference: Harriet Tubman, Rosa Parks, Booker T. Washington, Thaddeus Stevens, Charles Sumner.
Today America is in need of such sons and daughters, born of virtue, courage and conviction to take the smallest action. They need to vote.
Many see that the United States is drifting towards the edge of ruination. At the helm is a president who happens to preside over our moral and economic collapse while pressing on relentlessly with the left-wing agenda. Same-sex marriages, illegal aliens, an under-employed America and a potential $19 trillion deficit do not bode well for our future and this country’s stability.
Barack Hussein Obama has met with numerous world leaders, many of them not so friendly to this country, either then or now.
Yet, in his adopted home city of Chicago, where gangland shootings take place regularly, where body bags fill up, by the hour, where black on black crime runs rampant, this president has yet to seriously address the issue.
As the first black president, he could have met these gang leaders at a presidential sponsored summit to appeal to them on a personal level, and to impress upon them how dangerous and detrimental their life of crime is impacting their own neighborhoods in a negative way.
How bad is it in Chicago? Just over the Fourth of July weekend of this year, alone, 10 people were killed and 55 wounded by gunfire. Shootings rose by about 40 percent during the first three months of this year, according to March statistics released by Chicago Police Department. The mayor, Rahm Emanuel, seems clueless on how to decrease these figures.
Make no mistake; this is largely black on black crime. Yet, when a white person, or a white cop, kills a black anywhere in America, the president cannot get to the podium fast enough to denounce it; neither can race baiters such as Jackson and Sharpton.
This is when the clueless come out with signs chanting “Black Lives Matter.” They ignore the subject of innocent black fetuses being aborted, thanks largely to the efforts of Planned Parenthood Founder Margaret Sanger and uninformed blacks who work for and support this organization.
Though serving his last year in office, the president has opted to focus on, and press for, immigration reform. This is an agenda that will further impact the black community in a negative way in terms of employment opportunity.
African-Americans who have achieved higher-education degrees, a key investment leading to the middle class, still find themselves more likely to face long-term unemployment than their white, Hispanic and Asian counterparts, according to the Center for Popular Democracy.
Some believe the president’s end game is granting amnesty for over 30 million illegals and resettling hundreds of thousands of Muslims here in the United States. Not surprisingly, his party supports this president’s efforts while the Republican leadership does not.
And the Supreme Court — they have been missing in action for the past three years when it comes to defending, preserving and upholding the United States Constitution and the laws of the land.
So you ask, What can we do about it?
Americans can express their dismay and anger by voting in the next primary and election. Only then can we make a difference. History has shown that one man can effect positive change. Conservatives in this country number around 45 million strong, so if all would step up and vote, there’s immense power in those numbers.
Up until now, politicians, Sunday morning news pundits and Washington bureaucrats have an open microphone to sway voters, thanks to 24-hour news programs.
It’s time for Americans to really listen to what is being said and recognizing what is unrealistic, not sell low-information voters a bad bill-of-goods.
Forbes writes (We’ve Crossed The Tipping Point; Most Americans Now Receive Government Benefits):
..perhaps 52 percent of U.S. households—more than half—now receive benefits from the government, thanks to President Obama. And Mr. Entitlement is just getting started. If Obamacare is not repealed millions more will join the swelling rolls of those dependent on government handouts.
Conservatives have long dreaded the day when the U.S. crossed the halfway mark because of all the implications for individual and fiscal responsibility. As Benjamin Franklin reportedly said, “When the people find that they can vote themselves money, that will herald the end of the republic.” They learned that from the 2008 election and turned out in big numbers again in 2012.
One popular agenda being pushed by Bernie Sanders and Hillary Clinton is free college tuition – Bernie wants it at every academic institution, Clinton is calling for free public colleges.
Remember what Franklin said above:
“When the people find that they can vote themselves money, that will herald the end of the republic.”
And college tuition is off the charts, most can agree. So maybe free college tuition is a great idea; however, no one is explaining who is going to pay for the professor’s salary, buildings, campus maintenance, food, books and the necessary technology infrastructure necessary to support a child seeking the college experience.
Look at the reasons parents choose private over public schools. They want a better eduction, higher test scores, smaller class size and more. If parents see that many [not all] public schools fail their children, why would we want to see college follow that same model?
And how many of those students taking that free college will be looking not for education but a continuation of the high school experience and a delay of entering the work force. College should be something a student works for with grades, service participation, sports and learning to be a well-rounded person – a lesson that begins in the home.
Now it is our turn to voice our opinions at the ballot box, for conservatives, independents and libertarians to band together to make a difference in saving this republic. Even if the person presented by the GOP is not the person you want over others,
…we still need to vote for the party otherwise, liberals and progressives continue to rule the day.
The path will not always be smooth and easy. Most things worthwhile ever are. Just remember this.
As former military men, George Washington fought the good fight, Andrew Jackson fought the good fight, Ulysses S. Grant fought the good fight and Theodore Roosevelt fought the good fight while serving in the armed forces.
Professional military leaders such as Adm. Chester Nimitz and Gen. George S. Patton fought the good fight, as well, and all of these men did it against overwhelming odds and all of them prevailed.
Some say, and truly believe, that the American political system is rigged, that the powers that be, like powerful fathom puppet masters, have often manipulated the results of elections so that it does not matter what the voter does, they still pull the strings.
It doesn’t matter who the president is when Valerie Jarrett is pulling the strings.
There is some truth in every urban legend, but it will take voters to weed out these myths and uproot these puppet masters and make the necessary changes to insure the integrity of our political system and our republic. We must all make a stand.
This is a nation with a history of breeding courageous fighters, and right now America needs fighters.
The next generation is counting on you showing up at the polls. including your children and grandchildren. Your decision to get involved and vote will impact their future in many ways.
That is why now is the time America. Not next time, but now!
Unless conservatives from all corners vote to change the ownership of the White House, there may not be a next opportunity to save America.
Source: Communities Digital News
This is how protesters plan to take on the Federal Reserve
Main Street activists and community groups plan to turn up the pressure on the Federal Reserve at an annual conference...
Main Street activists and community groups plan to turn up the pressure on the Federal Reserve at an annual conference of the economic elite this month, in hopes of convincing the central bank to maintain its support of the American recovery.
The campaign, known as Fed Up, is staging a conference in Jackson Hole, Wyo., that will run at the same time as the invite-only gathering of the world’s top financial and economic policymakers and academics hosted by the Federal Reserve Bank of Kansas City. The campaign’s organizers said they expect at least 50 people -- ranging from workers to economists -- to attend the so-called “teach in,” which will be held in the same hotel as the Fed’s gathering. Topics include income inequality, efforts to raise the minimum wage to $15 an hour and whether the Fed should invest in municipal bonds.
The conference in Jackson Hole comes as the Fed nears an historic crossroads. The central bank has kept the target for its benchmark interest at zero since 2008, a legacy of the darkest days of the financial crisis and a reflection of the lumbering economic recovery since then. Over the past year and a half, amid faster economic growth and a rapid improvement in the job market, the Fed has taken small steps toward reducing its support.
But the big decision to raise its target interest rate still looms ahead, and Fed officials are seriously considering whether to finally abandon its crisis-era stance at its meeting next month.
“For inexplicable reasons, the Fed seems primed to intentionally slow down the economy in September,” said Ady Barkan, campaign director for Fed Up. “ The real crisis in America is stagnant wages and a lack of good jobs. We are going to Jackson Hole to remind the Fed of this stark reality: slowing the economy down now will leave African-American and Hispanic communities permanently mired in a Great Recession.”
The Fed Up campaign made history last year when about a dozen demonstrators showed up at the conference to draw attention to the country’s uneven economic progress, particularly among minority communities. The protest led to meetings with top Fed officials over the past year, starting off with Kansas City Fed President Esther George, one of the central bank’s most vocal supporters of tightening the reins on the economy, who met with the group for two hours in Jackson Hole. In the fall, Fed Chair Janet Yellenhosted the group, and organizers have reached out to other officials since then with mixed success.
The campaign is returning this year with a more concrete agenda and the backing of a growing number of established left-leaning academics and think tanks, including the Roosevelt Institute, the AFL-CIO and the Economic Policy Institute. The campaign is led by the Center for Popular Democracy.
The group is also slated to release a report touting the economic benefits of an economy at full employment, which it pegged at a jobless rate of 4 percent -- significantly lower than the Fed’s estimate of about 5 to 5.2 percent. The lower rate would amount to 14.3 million more jobs, boost the economy by $1.3 trillion and generate an additional $261 billion in tax revenue, according to the analysis by PolicyLink and the Program for Environmental and Regional Equity at the University of Southern California.
True full employment, the report argues, would translate into a much lower jobless rate among minorities. The study estimated the impact of a 4 percent unemployment rate for every gender and racial group, adjusted for disparities in age. Black households, for example, would see their income jump by 23 percent, from $37,025 to $45,568. While Fed policy is not going to be the only solution to getting to full employment for all, we see it as a critical component of a broad policy agenda,” said Sarah Treuhaft, a director at PolicyLink. “We know that we need more growth and we need more jobs to stimulate hiring of people who have been left behind.”
Treuhaft said that the report does not estimate what inflation would be under this scenario but pointed out that it remained relatively stable in 2000, the last time the labor market hovered around full employment. But many analysts believe that a 4 percent jobless rate would cause the economy to overheat and inflation to spike. And some economists -- including a vocal minority within the Fed -- believe the central bank is already in the danger zone.
Those groups are also taking their message to Jackson Hole in hopes of bending the ear of policymakers ahead of their crucial decision in September. The conservative American Principles Project is staging a conference in the shadows of the Grand Tetons that coincides with the Fed’s gathering. The group has been skeptical of the benefits of the Fed’s easy-money stance and the reach of its powers, Several members have called on the central bank to rely on prescribed rules for conducting monetary policy, a recommendation the Fed has opposed.
Steve Lonegan, director of monetary policy at APP, said the group hopes its conference will reinvigorate the public conversation about monetary policy, which he argues deserves as much attention among conservatives as cutting taxes and reducing regulations.
“This is a recent phenomenon that Americans are disconnected from the value of their money. It’s the third leg of an economic growth plan for America,” Lonegan said. “It’s their savings. It’s their wages. It’s their life’s work.”
The Jackson Hole conferences will take place Aug. 27 to 29. The theme of the official Fed meeting this year is inflation. The central bank has set a 2 percent target for price-level increases, but it has consistently undershot that goal in recent years and wage growth has been stagnant
The Fed Up campaign has called on the Fed to set a target for wage growth as well. It is also calling for reforms of the selection process for presidents and boards of directors at the Fed’s 12 regional banks.
Source: Washington Post
Pittsburgh officers on high alert for downtown equality march
Pittsburgh officers on high alert for downtown equality march
Community organizers have been planning the 2016 People’s March downtown for several weeks, but recent shootings in...
Community organizers have been planning the 2016 People’s March downtown for several weeks, but recent shootings in Louisiana, Minnesota and Texas have upped safety concerns for the gathering, meant to protest inequality and injustice.
More than 100 people have RSVP’d on Facebook to the “Still we Rise People’s March,” hosted by One Pittsburgh, a coalition of community organizers and activists. The march will begin outside the David L. Lawrence Convention Center at 2:30 p.m. on Friday at the same time as the People’s Convention inside the center.
In preparation for the march, the Pittsburgh Department of Public Safety released a statement Friday saying officers will “exercise extreme caution.”
The statement came amidst nationwide tension following the shooting of unarmed black men in several cities across the U.S. and sniper fire in Dallas, Texas Thursday night that left five police officers dead and several wounded.
“The Pittsburgh Bureau of Police is committed to keeping people safe during this afternoon’s planned [march],” the statement said. “There will be a visible presence of uniformed officers along with a not so visible presence of plain clothes officers.”
The statement also said the Public Safety Department is “in communication” with the FBI.
Organizers for the People’s March say it is a response to toxic messages from political candidates.
“We will march to rise up against Trumpism and the right’s politics of hate.” the description on the Facebook page for the march reads. “We will march to demand and win the radically different vision for the country that our families and communities deserve — the people’s vision.”
By Alexa Bakalarski
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Southern Cities Are Passing Paid Sick Leave—But Republicans Won’t Let Them Have It
Southern Cities Are Passing Paid Sick Leave—But Republicans Won’t Let Them Have It
Texas advocates for paid sick leave haven’t given up hope, however. They plan to wield the sheer amount of popular...
Texas advocates for paid sick leave haven’t given up hope, however. They plan to wield the sheer amount of popular support for these ordinances in their favor and against the state politicians who block them. “Our state leadership is out of touch with what the majority of Texans believe and want for their communities,” says Michelle Tremillo, executive director of the Texas Organizing Project, a community organizing group behind the paid sick leave ordinance.
Read the full article here.
Fast-food Labor Expands Scope of Fight for $15
Chicago Tribune - March 31, 2015, by Alejandra Cancino - The group huddled in front of a...
Chicago Tribune - March 31, 2015, by Alejandra Cancino - The group huddled in front of a McDonald's in downtown Chicago, preparing to tell the 100 people who had gathered there how the Fight for $15 had taken on a broader fight on behalf of low-wage workers ranging from airport workers to adjunct college professors.
Many of the people who listened to the speeches were young, too young to recall the 1960s-era protests. But that clearly was the vibe of Tuesday's rally.
Participants in the Fight for $15 movement, who are planning protests on April 15, say they have taken on a broader fight on behalf of low-wage workers ranging from airport workers to adjunct college professors.
"This fight is a fight about racial justice and economic justice," Charlene Carruthers, national director of the Black Youth Project 100, told the crowd. Her organization is composed of black activists ranging in age from 18 to 35.
"For us, the Fight for 15 is also a fight for our lives," Carruthers said. "When we say 'black lives matter,' that includes black workers."
People in the audience held signs that said "Fight 4/15," a reference to April 15, when organizers of the campaign to increase minimum wages plan to bring together 60,000 protesters in major cities across America and in more than 40 countries and at more than 170 college campuses, including the University of Illinois at Chicago.Ed Shurna, executive director of the Chicago Coalition for the Homeless, which is participating in the Fight for $15 campaign, said its strategy seems to borrow elements from eras of the 1930s and the 1960s.
"It has the feel of the civil rights movement, the feel of the labor movement, but it's 2015 so it's done in a different way," Shurna said. He said this campaign is trying to get corporations to take responsibility for the struggles of their workers and get them to increase wages, offer benefits and improve working conditions.
McDonald's and its franchisees have been the main target of the campaign. Workers have filed lawsuits and complaints at various federal agencies alleging labor law violations, wage theft and unsafe working conditions. Moreover, the campaign, backed by the Service Employees International Union, wants the National Labor Relations Board to declare that McDonald's and its franchisees share responsibility for working conditions, benefits and pay.
"We won't stop until these multibillion-dollar companies pay us a living wage of $15 per hour," said Douglas Hunter, a McDonald's worker.
In a statement, McDonald's said it respects people's right to peacefully protest. "Historically, very few McDonald's employees have participated in these organized events," Heidi Barker Sa Shekhem, a McDonald's spokeswoman, said in the statement.
Matt Hoffmann, an adjunct professor at Loyola University, said faculty members of colleges in Chicago and across the nation have drawn inspiration from fast-food workers and the Fight for $15.
He said adjuncts want to be paid $15,000 per course, a figure that would include wages and benefits. He said he currently is paid $4,500 per course and doesn't receive benefits.
Hoffmann, who spoke at Tuesday's rally, said, "We struggle with our bills; we receive no benefits and we have little job stability."
At an event announcing the actions in front of a McDonald's in New York City's Times Square, organizers said home health care aides, airport workers, adjunct professors, child care workers and Wal-Mart workers will be among those turning out in April.
Terrence Wise, a Burger King worker from Kansas City, Mo., and a national leader of the Fight for $15 push, said more than 2,000 groups including Jobs With Justice and the Center for Popular Democracy will show their support as well.
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New Report Alleges Charter School Fraud Could Be Costing IL Taxpayers $27 Million
Education Votes - February 2, 2015, by Brian Washington - Proven or suspected fraud in Illinois’ charter school...
Education Votes - February 2, 2015, by Brian Washington - Proven or suspected fraud in Illinois’ charter school industry is suspected of carrying a price tag for taxpayers as high as $27.7 million—that’s according to a new report that some say adds more credence to the argument that these schools need more oversight and accountability.
The report, Illinois’ Charter School Fraud Risk Problem, alleges three fundamental problems with charter school oversight in the state:
Oversight depends heavily on whistleblowers and reporting by the charters themselves; General auditing techniques commissioned by the charters are not specifically designed to uncover fraud, only inaccuracies and inefficiencies; and Government agencies in Illinois tasked with investigating fraud are severely understaffed.The Center for Popular Democracy (CPD), which authored the report, also claims to have uncovered massive deficiencies which, at a minimum, reportedly total at least $13.1 million.
“Here is yet another state where lawmakers continue to dump massive amounts of public school funds into the charter industry, yet no one is held accountable at any stage of the funding pipeline,” said NEA President Lily Eskelsen García, who represents about 3-million educators nationwide.
Despite the alleged problems outlined by CPD, as well as what critics charge is the inability of charter schools to show real improvement in relation to student achievement, charter school enrollment in the state has grown by 680-percent.
In the Chicago Public Schools district, the state’s largest public school system, the budget for charter schools, which are considered public schools because they are taxpayer funded, is $616 million for fiscal year 2015—an increase of 15 percent compared to fiscal year 2014.
“Operators (of charter schools) continue to line their pockets unchecked while public schools are forced to slash programs due to lack of funding,” said Eskelsen Garcia. “Lawmakers need to stop treating education budgets like a slush fund for corporate charter school operators and hold them accountable to the students and communities they are supposed to be serving.”
For Illinois, CPD is recommending that the state make major changes to its current oversight structure, including the following:
Mandated audits designed to detect and prevent fraud; Increased transparency and accountability; and A state-imposed moratorium on new charter schools until the state oversight system has been reformed.“Illinois students, their families, and taxpayers cannot afford to keep losing millions of dollars in public funds at the hands of charter school operators, who essentially enforce their own rules,” said Eskelsen Garcia. “It’s time for the Illinois legislature, State Board of Education, and authorizers, like Chicago Public Schools, to step in and make sure these operators use the funds they are given to fulfill their own promises of a great education for their students. There should be a sound structure for oversight and accountability whenever taxpayer dollars are applied.”
CPD’s Illinois report follows two other state-specific reports–including one which focused on the state of Pennsylvania. That report, issued last month, charged that fraud and abuse of the state’s charter school industry amounted to a $30 million loss for state taxpayers.
Meanwhile, another recent report by CPD alleges that nationwide taxpayers have lost $100 million due to charter school fraud.
“It’s time Illinois and all states are able to assure taxpayers that their charter oversight systems are airtight and dedicated to quality and community,” said Eskelsen García.
Source
How Lisa Murkowski Mastered Trump’s Washington
When details of the Senate tax bill started to emerge in the fall, it became clear that many Republicans hoped the...
When details of the Senate tax bill started to emerge in the fall, it became clear that many Republicans hoped the ultimate bill would contain a provision that opened up a portion of ANWR for drilling, as well as language that would eliminate the individual mandate for health insurance, which most economists argue would gut the Affordable Care Act. Nonprofit organizations like the Center for Popular Democracy tried to rally grass-roots activists in Anchorage and raised money to fly a handful of Alaskans to Washington to show up at Murkowski's office. ''I thought she would realize she could not maintain her political success, and her popularity, if she was to repeal any part of Obamacare,'' says Jennifer Flynn Walker, the director of mobilization for the organization.
Read the full article here.
U.S. lawmakers urge Yellen to diversify the Fed
U.S. lawmakers including Senator Elizabeth Warren and Democratic presidential candidate Bernie Sanders on Thursday sent...
U.S. lawmakers including Senator Elizabeth Warren and Democratic presidential candidate Bernie Sanders on Thursday sent a letter to Federal Reserve Chair Janet Yellen urging more diversity at the U.S. central bank.
Ten of the Fed's 12 regional bank presidents are men; 11 of them are white, the letter noted.
"Given the critical linkage between monetary policy and the experiences of hardworking Americans, the importance of ensuring that such positions are filled by persons that reflect and represent the interests of our diverse country cannot be understated," said the letter, signed by 116 members of Congress and 11 Senators.
The Fed has come under fire in recent months from both Republicans and Democrats, including candidates for the 2016 presidential campaign, for a range of perceived failings, from its process to deciding monetary policy to its governance. Those calls have emboldened lawmakers who seek to limit the Fed's powers and are prompting some current and former Fed officials to call for steps to placate the bank's harshest critics.
A Federal Reserve Board spokesman said the U.S. central bank was committed to diversity and was already taking steps to bring more women and minorities into its leadership ranks.
Minorities now make up 24 percent of regional Fed bank boards, up from 16 percent in 2010; 46 percent of all directors are either non-white or a woman, the spokesman said, adding, "we are striving to continue that progress."
Reporting by Ann Saphir; Editing by James Dalgleish
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