Divest From Prisons, Invest in People-What Justice for Black Lives Really Looks Like
Divest From Prisons, Invest in People-What Justice for Black Lives Really Looks Like
Stahly-Butts, a facilitator of the Cleveland convening and deputy director of racial justice at the Center for Popular...
Stahly-Butts, a facilitator of the Cleveland convening and deputy director of racial justice at the Center for Popular Democracy, explains that our current criminal justice system is based on a premise of comfort, rather than safety: Instead of addressing the roots of uncomfortable issues such as drug addiction, mental illness, and poverty, we’ve come to accept policing and incarceration as catch-all solutions. This disproportionately affects African Americans.
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Advocates for Greater Fed Diversity Bring Case to Capitol Hill
Advocates for Greater Fed Diversity Bring Case to Capitol Hill
Members of Congress involved in overseeing the country’s financial regulators agree that changes to the Federal Reserve...
Members of Congress involved in overseeing the country’s financial regulators agree that changes to the Federal Reserve’s governance model are overdue. But a Wednesday panel hearing revealed that lawmakers differ on what elements of the status quo need to be preserved.
Republicans on the House Financial Services Subcommittee on Monetary Policy and Trade argued that the Fed’s existing structure, which was enshrined in the 103-year-old Federal Reserve Act, is adequately representative when it comes to racial or gender makeup.
Wednesday’s hearing was the first chance Republican lawmakers had to discuss Fed reform proposals since both parties’ election platforms were adopted at their respective nominating conventions in July, when Democrats called for more diversity.
What the Fed needs instead, according to subcommittee chairman Bill Huizenga (R-Mich), is a new rules-based approach to monetary policymaking that’s outlined in the Financial CHOICE Act, the centerpiece of House GOP’s deregulatory agenda.
Those changes should not extend to major changes at the Fed that would, in effect, eliminate the representation of the banking industry on regional boards or take extraordinary measures to ensure greater diversity, as Democrats suggested in their 2016 election platform, Huizenga said.
He characterized Democratic proposals to overhaul the Fed’s governance structure as a “hostile takeover” of the central bank that’s only being undertaken to ensure high levels of inflation. “Democrats have constantly resisted reforms that would modernize the Federal Reserve, bringing much needed transparency to what most Americans consider an impossibly opaque institution,” Huizenga said.
He then referred to a bill he sponsors that would give Congress oversight responsibilities regarding monetary policy. “The Democrats on the other side of the aisle would like to double down on what Dodd-Frank started, co-opting the Federal Reserve district banks by subjecting them to the same politics that has kicked economic opportunity to the sidelines in the name of reinflating asset prices,” Huizenga said.
He had backup from Kansas City Fed President Esther George and Richmond Fed President Jeffrey Lacker, both of whom testified at today’s hearing and said the central bank’s current governance structure facilitates adequate regional, commercial, ethnic and gender diversity.
“I remain convinced this is a question of accountability, and not of structure, of the Federal Reserve,” George told the panel, referencing the Fed’s overall efforts to be a representative body.
Lacker said he agreed with George, and added that there are “multiple dimensions” officials look at when selecting a regional Fed board.
Regional Fed boards are divided into three alphabetically organized classes. Member banks of each regional Fed select Class A directors to represent the banking industry and Class B directors to serve the public or other commercial interests. The Fed’s Board of Governors selects Class C directors, who are appointed to represent the public interest.
Democrats had their position supported by William Spriggs, chief economist at the AFL-CIO, along with activists in the “Fed Up” coalition who attended the hearing wearing green t-shirts as a form of silent protest about the current Fed structure.
Spriggs and representatives from Fed Up argued that the lack of adequate racial representation on regional boards has prevented the bank from addressing higher rates of unemployment in African-American and Latino communities through monetary policy.
“We believe that when our voices our excluded from the conversation, then our interests are excluded,” said Ruben Lucio, a field organizer for the Fed Up Coalition, which is led by the left-leaning Center for Popular Democracy. Members of the coalition met with George during the Fed’s retreat in Jackson Hole, Wyo., last month.
Lucio indicated that the Fed’s method for determining full employment — part of its dual mandate, along with price stability — might be due for a reevaluation.
“Whose unemployment are they looking at? Are they looking at overall unemployment? Are they talking about black and brown unemployment?” Lucio asked. “When you raise those interest rates because certain communities have recovered, and it’s fine because you’re scared about some threat of inflation, who are you impacting when those interest rates go up?”
Some lawmakers questioned the lopsided nature of the Fed’s regional districts. Reps. Denny Heck of Washington and Bill Foster of Illinois, both members of the business-friendly New Democrat Coalition, were joined by Rep. Mia Love (R-Utah) in floating the possibility of taking a new look at the geographic makeup of the regional boards.
Despite members having stated such clear positions on the issue of Fed governance, the likelihood of movement on any statutory changes to Fed governance is slim at this point. Rep. Gwen Moore of Wisconsin, the ranking Democrat on the subcommittee, said she’s interested in taking an “objective” look at what changes might be needed, but she didn’t say what laws or regulations are needed to implement the changes sought by Democrats.
Huizenga, who reiterated to reporters afterward that he thinks the Fed’s regional directors should be selected as a “meritocracy,” struck a similar tone. “I don’t know that there’s any kind of consensus, as of yet, on that,” he said.
By Ryan Rainey
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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.
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House Republicans face voters in home districts angry over health care bill
House Republicans face voters in home districts angry over health care bill
Rep. Tom Reed of New York, who was among the Republican members of Congress to vote for a bill to repeal and replace...
Rep. Tom Reed of New York, who was among the Republican members of Congress to vote for a bill to repeal and replace Obamacare, held a string of hometown forums on Saturday where he was lambasted by crowds of angry voters and signs that read, "GOP Disaster" and "Why do you want to kill my daughter?"
Reed, whose district in upstate New York includes the cities of Ithaca and Corning, held three town hall meetings where the overwhelming majority of attendees had questions about health care. The congressman was met with boos and jeers throughout the forums, with people repeatedly chanting "Shame!" and "Vote him out!"
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Rally Aims To Highlight Racial Employment Disparities In Metro Area
CBS Minnesota - March 4, 2015 - A report to be released on Thursday aims to highlight employment disparities in the...
CBS Minnesota - March 4, 2015 - A report to be released on Thursday aims to highlight employment disparities in the Twin Cities.
The groups Neighborhoods Organizing for Change, the Center for Popular Democracy, and the Economic Policy Institute say they plan to hold a rally at the Neighborhoods Organizing for Change offices on Thursday afternoon to draw attention to the racial differences between wages and jobs available here.
The groups say that, though the economy is adding jobs, the unemployment rate among black residents in the Twin Cities metro area is nearly four times that of white residents.
The groups said that the racial disparities on display in Minnesota are “among the worst in the nation.”
The rally is scheduled for 3 p.m.
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Beware the Soros zombies
They’re headed to the Republican convention with a mission to disrupt and distract Billionaire George Soros has funded...
They’re headed to the Republican convention with a mission to disrupt and distract
Billionaire George Soros has funded liberal organizations intent on bringing confusion, disarray and trouble to the Republican National Convention in Cleveland next week.
And they’ve already had some victories.
Civil rights group Color of Change — which Mr. Soros gave $500,000 to in his Foundation’s latest tax return — collected more than 100,000 signatures on a petition to demand Coca-Cola and other companies withdraw their support from the convention. The petition that featured a Coke bottle with the label, “Share a Coke with the KKK.”
Color of Change was joined by UltraViolet, another Soros-backed women’s rights organization, in the petition, an effort to amplify their collective voice against the GOP.
And it worked.
Coca-Cola caved to the pressure and decided to give only $75,000 to the convention, compared to the about $660,000 it gave in 2012. Other corporate sponsors were scared off. To demonstrate how extreme Color of Change’s political ideology is, it’s latest campaign is to defund America’s police forces that “don’t defend black lives.” Its social media feeds give no reference to the five men in uniform who lost their lives in Dallas.
But I digress. Let’s get back to the liberal mischief aimed at the Republican convention.
Brave New Films, which received $250,000 from Mr. Soros‘ foundation, tried to make waves for Republicans by creating misinformation about their convention through social media.Brave New Films is a social media “quick-strike capability” company that uses media, films, volunteers and internet video campaigns to “challenge mainstream media with the truth, and motivates people to take action on social issues nationwide,” according to its website.
In a Facebook posting, Brave New Films bragged about driving a fake internet campaign — a petition to allow for open carry at the convention — into the mainstream media. The petition was reported on as if Republicans wanted it, however, it was simply created by a liberal, Soros troll.
“And the 2016 internet Troll Of The Year Award goes to some genius from Ohio using pseudonym: the Hyperationalist,” Brave New Media wrote on their Facebook page, congratulating the original scammer. “When Washington Post and other mainstream media write about your act in a serious way — you won. Respect!”
“For the record: we are proud that we helped a bit, delivering over 30,000 clicks to the original petition,” Brave New Media added.
Deceit and lies — that’s what these groups are up to — and they’re using the mainstream media as their pawns.
MoveOn.org is also planning activity. They proudly took responsibility for shutting down Mr. Trump’s rally in Chicago in March, and fundraised off their success.
MoveOn is organizing a “National Doorstep Convention” that runs parallel to the GOP’s convention where members plan on going door-to-door in Ohio and other states to urge voters to “reject the politics of hate sown by Donald Trump and the GOP.”
The group’s been quiet about their plans for actual protests at the convention, but we can bet they’ll be involved. On Wednesday MoveOn urged its members in an email to sign the “Movement for Black Lives Pledge,” being circulated by Black Lives Matter activists, calling Mr. Trump a “hatemonger.”
“Donald Trump just blamed Black Lives Matter and President Barack Obama for ‘dividing America’ by calling to put an end to the police brutality that claims so many Black lives in our country,” the email read. “This is just another flat-out lie to add to Trump’s long list.”
Again, no mention of the five officers shot in Dallas. But again, I digress.
Last weekend, the Center for Popular Democracy (CPD), a progressive organization that was given $900,000 by Mr. Soros’s Foundation, held a People’s Convention in Pittsburgh, to organize social justice movements ahead of the political conventions both in Cleveland and Philadelphia.
The conference included Black Lives Matter organizers, those campaigning for immigration reform, the Fight for $15, LGBTQ rights, and environmental justice activists. It’s purpose was to give them the tools to communicate and engage with one-another’s campaigns to amplify their collective voice.
“We are beginning to launch a real national organizing framework — that’s something that really hadn’t been seen since ACORN went under,” Jonathan Westin, executive director of New York Communities for Change told the American Prospect of the conference.
That’s right, Mr. Soros is actively working to build another ACORN.
But back to Cleveland.
The ACLU — which Mr. Soros‘ gave $1.7 million to in his latest filings — won a lawsuit on behalf of anti-Trump protesters to both expand the area of their protests and allow people to make speeches inside the event zone in locations other than the free speech zone designated by the city.
Professional protesters like CodePink have filed for demonstration permits, along with lesser known anti-Trump groups. CodePink helped stir the chaos at the California Republican convention in April.
On opening day, a “Dump Trump” march was planned, with about 50 left-wing groups committed, and activists have been promising on social media to descend upon the city to make their voices heard.
Republicans beware, for the Soros zombies are coming and they’re well funded and organized.
By KELLY RIDDELL
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The CEO of Starbucks won’t keep promises to his workers, but wants an end to “cynicism”
The CEO of Starbucks won’t keep promises to his workers, but wants an end to “cynicism”
Starbucks CEO Howard Schultz, who has somehow convinced himselfthere is public desire for him to be president, took a...
Starbucks CEO Howard Schultz, who has somehow convinced himselfthere is public desire for him to be president, took a moment at yesterday’s board meeting to deliver some pious criticism of America’s unusually rancorous political season.
“Dysfunction and polarization have worsened,” the coffee entrepreneur said. Deep in a bout of Bloombergitis, Schultz warned of the failure of the American dream: “Sadly, our reservoir is running dry, depleted by cynicism, despair, division, exclusion, fear and indifference.”
“What is the role and responsibility of all of us, as citizens?” Schultz asked.
His employees have one answer: They want him to keep Starbucks’ promise to set their schedules at least 10 days in advance, and stop making them work consecutive shifts closing a location and then returning to open it early the next morning. So-called “clopening” shifts can entail working until 11pm and then starting again at 4am.
The scheduling problems have been an issue since at least 2014, when a New York Times investigation exposed how scheduling practices can be as problematic for workers as low pay or abusive treatment. The problem is especially difficult for parents, who must find a way to care for their children without knowing their work responsibilities more than a few days in advance.
The problem seems especially galling because the company uses scheduling software to match employee availability with the predicted demand. Experts suggest that this software could be used to provide more predictability for workers. Starbucks has repeatedly said it will remedy these issues, but interviews with employees suggest they remain. The Center for Popular Democracy, a union-backed organization that runs advocacy campaigns for workers rights, published a survey of 200 workers (pdf) in September 2015 that found half received their schedules less than a week in advance and one in four worked the “clopening” shift.
Grant Medsker, who worked at a Starbucks in Seattle for about a year before quitting in January, told Quartz that managers often don’t follow dictates from headquarters. “Everyone runs their ship their own way, regardless of company policies,” he said.
Some franchise managers attribute the lack of follow-through on the company’s promise on schedules to pressure from higher-ups to keep labor costs down, which leads to chronic understaffing. Meanwhile, Starbucks earnings per share more than doubled between 2011 and 2015; in fiscal 2015 it had an operating income of $3.6 billion. Quartz reached out to Starbucks but has not received a response. In the past, the company has noted that many of its employees see a flexible schedule as a perk, rather than a hindrance. The company also provides its part-time employees with access to health insurance and educational benefits that it says are more generous than comparable companies. But given the company’s history of dubious social responsibility campaigns, it’s hard to see this failure to implement corporate policy as an accident. This is, after all, the executive who announced a personal boycott of political spending even as his company spent millions on lobbying.
“It’s not enough to talk about it, it’s not enough to say, ‘oh that’s really bad, I hope that changes,'” said Medsker, who volunteers with the labor-rights group Working Washington. “We have an obligation to change what is wrong with our society.”
“It’s not about the choice we make every four years,” Schultz said yesterday. “This is about the choices we make every day.”
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La “Reforma” tributaria es un ataque disfrazado contra las comunidades de color
La “Reforma” tributaria es un ataque disfrazado contra las comunidades de color
Después de que miles de electores acudieron en masa a Washington DC para detener a los republicanos en su intento de...
Después de que miles de electores acudieron en masa a Washington DC para detener a los republicanos en su intento de derogar la ley de atención médica, pensamos que habíamos ganado cuando los republicanos del Congreso pusieron fin a la propuesta Cassidy-Graham.
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As Federal Reserve Selects New Top Officials, Coalition Calls for Public Input
New York Times - November 10, 2014, by Binyamin Appelbaum - A coalition of community groups and labor unions wants the...
New York Times - November 10, 2014, by Binyamin Appelbaum - A coalition of community groups and labor unions wants the Federal Reserve to change the way some Fed officials are appointed, criticizing the existing process as secretive, undemocratic and dominated by banks and other large corporations.
In letters sent to Fed officials last week, the coalition called for the central bank to let the public participate in choosing new presidents for the regional reserve banks in Philadelphia and Dallas. The current heads of both banks plan to step down in the first half of 2015.
The Fed’s chairwoman, Janet L. Yellen, has agreed to meet on Friday with about three dozen representatives of the groups to hear their concerns.
“The Federal Reserve has huge influence over the number of people who have jobs, over our wages, over the number of hours that we get to work, and yet we don’t have discussion and engagement over what Fed policy should be,” said Ady Barkan, a lawyer with the Center for Popular Democracy, a Brooklyn-based advocacy group that is orchestrating the campaigns. “More people’s voices need to be heard.”
A spokeswoman for Ms. Yellen confirmed the meeting but declined to comment on the issues raised by the groups.
The Philadelphia Fed said in an email that the institution “is conducting a broad search for its next president and will consider a diverse group of candidates from inside and outside the Federal Reserve System.”
James Hoard, a spokesman for the Dallas Fed, said the bank’s board would meet on Thursday to discuss the search process.
The campaign is part of a broader increase in political pressure on the Fed, which is engaged in a long-running campaign to stimulate the economy that some liberals regard as insufficient and some conservatives see as both ineffective and dangerous. Mr. Barkan led a picket line in support of the Fed’s efforts in August outside the annual monetary policy conference at Jackson Hole, Wyo.
House Republicans, meanwhile, have passed legislation that seeks to reduce the Fed’s flexibility in responding to economic downturns, arguing that such efforts are destabilizing.
The Fed acts like a monolith, but it has a complicated skeleton. Most power rests with a board of governors in Washington, who are nominated by the president and confirmed by the Senate. But operations are conducted through 12 regional banks, each of which selects its own president. And those presidents rotate among themselves five of the 12 seats on the Federal Open Market Committee, which sets monetary policy.
The two presidents who have said they plan to step down are, by coincidence, among the most outspoken internal critics of the Fed’s campaign to stimulate the economy. Charles I. Plosser, president of the Philadelphia Fed since 2006, plans to retire at the end of March. Richard W. Fisher, president of the Dallas Fed since 2005, is required to step down by the end of April, though he has not set a date.
Their replacements will be selected by the board of each reserve bank. Each board has nine members, including three bankers, but under the 2010 Dodd-Frank Act, only the nonbank members can participate in the process. The banks in each reserve district, however, still elect three of those six nonbank members. The other three, including the chairman and vice chairman, are appointed by the Fed board in Washington.
By law, the boards are supposed to represent a diverse set of viewpoints, including “labor and consumers.” But the 72 nonbank board members are predominantly corporate executives. Just eight are leaders of community groups; two more are leaders of labor groups.
Corporate executives exclusively make up the boards of the St. Louis and Richmond regional banks. The Dallas Fed’s board includes the presidents of the Houston Endowment — a charitable organization — and the University of Houston. The Philadelphia Fed has five executives and the president of the University of Delaware.
“I look at that list and it doesn’t strike me that most of those folks are representing the public,” Kati Sipp, director of Pennsylvania Working Families, a nonprofit advocacy group that is one of the signatories of the recent letter, said of the Philadelphia Fed’s board. “We believe it is important for the people who are making economic policy to hear from the regular folks on the ground who are being affected by those decisions.”
The two dozen signatories also include the Pennsylvania AFL-CIO, New Jersey Communities United and W. Wilson Goode Jr., a Philadelphia city councilman. The letter asks for the Fed to disclose basic information about the selection process, including the timetable, criteria and, eventually, names of candidates. It also seeks search committee seats and opportunities to question the candidates publicly.
The selection process is secretive, but control has increasingly shifted from the regional banks to the board of governors. Beginning under the leadership of Alan Greenspan, a former Fed chairman, the central bank has sought presidents who can contribute to making monetary policy. The board provides informal guidance during the winnowing process, and candidates travel to Washington to meet with the governors.
As a result of that trend, 10 of the 12 sitting presidents are former Fed staffers, economists or both. Mr. Fisher, a former investor, is one exception. The other is Dennis P. Lockhart, a former banker who leads the Atlanta Fed — and is the next president who will reach retirement age.
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5 days ago
5 days ago