#FedSoWhite? Lawmakers complain about Federal Reserve's lack of diversity
#FedSoWhite? Lawmakers complain about Federal Reserve's lack of diversity
More than 120 members of Congress say the Federal Reserve has a striking diversity problem similar to the one that hit...
More than 120 members of Congress say the Federal Reserve has a striking diversity problem similar to the one that hit Hollywood's Academy Awards the past two years, and it's harming the economic prospects of millions of Americans.
The lawmakers -- including Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.), as well as Reps. Maxine Waters (D-Los Angeles) and John Conyers (D-Mich.) -- wrote to Fed Chairwoman Janet L. Yellen on Thursday complaining about what they called "the disproportionately white and male" leadership at the nation's central bank.
"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 House members and 11 Senators.
"When the voices of women, African Americans, Latinos, and representatives of consumers and labor are excluded from key discussions, their interests are too often neglected," said the lawmakers, who were all Democrats except for Sanders, an independent running for the party's presidential nomination.
The diverse group of House and Senate members praised Yellen, the first woman to lead the Fed, for her "strong leadership" and efforts to help raise wages while combatting economic inequality.
But they said the Fed had failed to fulfill its statutory obligation to “represent the public, without discrimination on the basis of race, creed, color, sex, or national origin" and called on Yellen "to take steps to promptly begin to remedy this issue."
All five members of the Fed Board of Governors are white and three are men.
All 10 voting members this year of the Federal Open Market Committee (FOMC), the monetary policy-setting body that includes Fed governors and a rotating set of regional Fed bank presidents, also are white and six are men, the letter said.
In addition, 11 of the 12 regional Fed bank presidents are white and 10 are men, with no African Americans or Latinos.
When the voices of women, African Americans, Latinos, and representatives of consumers and labor are excluded from key discussions, their interests are too often neglected.
— Letter from lawmakers to Federal Reserve Chairwoman Janet L. Yellen
Regional presidents are appointed by the directors of each Fed bank. The Fed's Board of Governors in Washington approves the appointments.
In addition, the lawmakers cited a recent study by the Center for Popular Democracy, a worker advocacy group, that said that 39% of all regional Fed bank directors came from financial institutions, while 11% were from community, labor or academic organizations.
Fed spokesman David Skidmore said the central bank was "committed to fostering diversity -- by race, ethnicity, gender, and professional background -- within its leadership ranks."
The Fed's board has "focused considerable attention in recent years" on recruiting regional bank directors "with diverse backgrounds and experiences," he said.
Minority representation on the boards of Fed banks and branches increased to 24% this year from 16% in 2010, he said. And the proportion of women directors increased to 30% of the total from 23% during that period.
In a blog post in January, the former president of the Federal Reserve Bank of Minneapolis, Narayana Kocherlakota, raised concerns about diversity on the committee that sets monetary policy.
“There is one key source of economic difference in American life that is likely under-emphasized in FOMC deliberations: race,” he said.
Kocherlakota reviewed committee transcripts from 2010, the most recent available, and said he found no references at meetings "to labor market conditions among African Americans,” even though their unemployment rate never dropped below 15.5% that year.
The lawmakers cited Kocherlakota's post, calling it "unacceptable that discussion of the job market for these populations would be an afterthought, or worse, ignored entirely, and we are concerned that the lack of balanced representation may be a significant cause of this oversight."
Rep. David Scott (D-Ga.), who signed the letter, pressed Yellen at a House hearing in February to consider "getting an African American, for the first time in history, to be a regional president of a Federal Reserve bank."
Yellen said she "absolutely" would and regretted there hadn't been such an appointment.
"It's our job to make sure that every search for those jobs assembles a broad and diverse group of candidates," Yellen said.
The lawmakers said they appreciated her concern about diversity but urged her to do more.
Connie Razza, author of the Center for Popular Democracy report, said the large number of lawmakers who signed the letter showed that support is growing for changes at the Fed to make sure "the economy works for all."
The center coordinates Fed Up, a coalition of labor, community and liberal activist groups that has organized protests outside FOMC meetings urging central bank policymakers not to raise a key interest rate until the job market is stronger.
By Jim Puzzanghera
Source
Today we CAN do something to honor Heather Heyer. We can stand up against the hate that killed her.
Today we CAN do something to honor Heather Heyer. We can stand up against the hate that killed her.
We can honor Heather in the same way she stood up for justice and equality. We can rise up against the hate that took...
We can honor Heather in the same way she stood up for justice and equality. We can rise up against the hate that took her life and that targets even more of our fellow Americans. There are events taking place all across the country today against the hate and violence on display in Charlottesville this weekend. Find one and be there. If you can’t, please help spread the word so others may do so.
Read the full article here.
Más alta la factura de luz y otras implicaciones de los acuerdos de la junta
Más alta la factura de luz y otras implicaciones de los acuerdos de la junta
Encubrimiento de violaciones de ley, conflicto de intereses, ganancias desmedidas de especuladores financieros y...
Encubrimiento de violaciones de ley, conflicto de intereses, ganancias desmedidas de especuladores financieros y mayores cargas económicas para el pueblo son algunas de las implicaciones de los acuerdos que la Junta de Supervisión Fiscal está negociando con los acreedores del gobierno, según el Frente Ciudadano por la Auditoría de la Deuda.
Read the full article here.
We’d Be Picking Workers Up Off The Street
Salon - October 29, 2013, by Josh Eidelson - If the potential president does business's bidding on a new...
Salon - October 29, 2013, by Josh Eidelson -
If the potential president does business's bidding on a new scaffolding bill, workers will die, an advocate warns.
Industry groups hope New York Gov. Andrew Cuomo – a presumed presidential aspirant who’s frequently defied liberals on economics – will back their push to “reform” the country’s toughest law holding contractors responsible when workplace falls end in injury or death.
“I think we’d be picking workers up off the street,” if the state’s “scaffold law” is gutted, said Joel Shufro, who directs the New York Committee for Occupational Safety and Health. “Because I think employers would cut corners in ways that would result in workers being injured or killed.” Cuomo’s office did not respond to inquiries.
In an Oct. 16 letter, dozens of business groups and the New York Conference of Mayors urged Cuomo to reform the stat’s “scaffold law,” a move they said would “help alleviate fiscal stress by saving taxpayer dollars, creating jobs, and increasing revenue to the state and localities.” Signatories included the Lawsuit Reform Alliance of New York, whose director Tom Stebbins told Salon that the group has made the issue a priority because “insurance rates put people of business, they take jobs away, and as we’re finding out more and more, it’s costing us more and more in our public projects.”
The 128-year-old “scaffold law” allows contractors to be held liable for “gravity-related” injuries suffered by their employees when management failed to comply with a safety rule, even (with certain exceptions) if the employee was also at fault. Stebbins contended there was “no data that supports” the claim that it improves safety, and argued that what he called the law’s “absolute liability” standard means “you’re assigned fault without negligence,” and actually “makes job sites less safe.”
“If you absolve employees from responsibility for their actions, they’re less responsible,” said Stebbins. “And if employers are guilty under almost any circumstances, they’re not as incentivized.”
NYCOSH’s Shufro countered that the law holds employers liable “if they violate OSHA regulations or other city, state ordinances, do not provide appropriate training, do not provide appropriate personal protective equipment … But if they are in compliance … they are not liable, they will not be found at fault.”
Stebbins acknowledged that “if you were the only cause of your injury, then that absolute liability doesn’t apply,” but he told Salon that “even the responsible contractor can’t stop every situation.” Stebbins cited the case of a worker who he said intentionally “jumped off the building in order to make a scaffold law claim.” Under current law, he said, a contractor “could be a fraction of a percent responsible and be held liable for 100 percent of the judgment,” rather than having “liability apportioned by fault.” He argued that the law also hurt workers because cash devoted to insurance costs is “money that’s not being spent on jobs, not being spent on union labor.”
Labor groups rejected such claims. “Opponents claim that the Scaffold Law drives up costs and is a job killer; the reality is that it helps prevent a job from being a worker killer,” New York AFL-CIO president Mario Cilento told Salon in an email. Cilento credited the law with “placing responsibility for providing adequate safety equipment and measures squarely in the hands of contractors and owners, ensuring that there is absolutely no ambiguity in who is responsible for maintaining a safe workplace in a very dangerous occupation.” He added that “insurers and contractors try to gut the Scaffold Law and in turn workplace safety” over and over, but “they’ve been rebuffed because the Legislature has recognized that there is no price tag on the lives and well-being of New Yorkers.” Cilento’s Illinois counterpart, state AFL president Michael Carrigan, emailed that the labor federation “regrets the repeal” of the similar Illinois Scaffolding Act, prior to which “Illinois had been the second safest state in construction deaths and accidents.” (The business groups’ letter to Cuomo credited the repeal of Illinois’ law for a subsequent 53 percent decline in construction injuries and said it gave the state “the 10th lowest injury rate in the country”; NYCOSH attributed the decline in injuries to overall national trends.)
“All this law says is that the employers shall be liable if they do not follow rules and regulations that govern safety on these jobs,” said NYCOSH’s Shufro. “So it seems to me that the best way of reducing their costs is to require employers to follow the law.” An NYCOSH analysis of OSHA data on New York state construction found that “At least one OSHA fall prevention standard was violated in nearly 80 percent of accidents in which a worker fell and was killed.”
A study released Thursday by progressive Center for Popular Democracy argued that the industry’s death and injury toll is disproportionately borne by immigrant workers and Latinos. CPD found that Latino and/or immigrant workers made up 60 percent of “fall from elevation fatalities” investigated by OSHA in New York State, and reported that “In 2011 focus groups, Latino construction workers reported fearing retaliation as a key deterrent to raising concerns about safety.”
While business groups have long sought changes in the scaffold law, both sides said this year’s showdown on the issue could be particularly acute. “More and more we’re seeing the cost to the public,” said Stebbins, including insurers “leaving because they can’t sustain an absolute liability and it’s impossible for them to gauge risk.” Shufro countered that insurers “have refused” when asked by legislators to “open the books” and document their losses; NYCOSH also notes that New York experienced only a 9.1 percent drop in construction employment from 2006 to 2011, while the national decline was 28.4 percent.
Cuomo has previously clashed with labor on issues ranging from public workers’ pensions to an expiring (ultimately partially extended) millionaire’s tax. Salon’s Blake Zeff argued in a January BuzzFeed essay that Cuomo’s “approach to balancing two competing interests – piling up points to advance in a Democratic primary for president, while steering to the center in key areas (and carefully avoiding antagonizing monied interests who fund campaigns and influence elite opinion) – has consisted of aggressive advocacy of ‘cultural’ or ‘social’ progressive causes, while downplaying economic ones.” Cuomo this month appointed GOP former Gov. George Pataki to co-chair a commission on reducing tax rates, a move that Michael Kink, who directs the labor-backed coalition A Strong Economy for All, compared in a Capital New York interview to “bringing in Godzilla to oversee the rebuilding from a Godzilla attack.”
Shufro said the scaffold question would “be one of the major political battles that will go on and dominate Albany for the next session,” and so Cuomo was “going to have to make a certain decision about which side he’s going to come out on … I know that this is an important issue to labor, just as it seems to be an important issue to the business community.” Shufro predicted Cuomo’s approach to the scaffold law would be “one of the major issues that will help unions make decisions about how they see him going forward.” He added, “It’s not an easy place to be in.”
Source:
Gap Inc. to end on-call scheduling after inquiry by New York attorney general
A spokeswoman for the San Francisco-based retailer said Thursday the decision also applies to Gap's other brands,...
A spokeswoman for the San Francisco-based retailer said Thursday the decision also applies to Gap's other brands, including Banana Republic, Old Navy and Athleta and was part of an effort to "improve scheduling stability and flexibility" for workers.
Spokeswoman Laura Wilkinson said the change will apply "across our global organization" and will be fully implemented by the end of this month. Wilkinson said the company is working to establish scheduling systems giving store employees at least 10 to 14 days' notice.
Attorney General Eric Schneiderman's office sent letters to Gap and 12 other retailers earlier this year questioning them about on-call scheduling, which required hourly workers to stay on-call for shifts set the night before or the same day, giving them little time to arrange for child care or work other jobs.
"Workers deserve stable and reliable work schedules, and I commend Gap for taking an important step to make their employees' schedules fairer and more predictable," said Schneiderman, a Democrat.
Abercrombie & Fitch also ended the practice this month.
Carrie Gleason, director of the Fair Workweek Initiative at the Center for Popular Democracy, said in a statement that Gap's decision reflects not only Schneiderman's concerns but also a new ordinance in San Francisco requiring chain retailers to set schedules in advance. Similar proposals are pending before other city governments.
"Working people in hourly jobs are starting to speak out about the impact that employers' scheduling practices has on their lives," Gleason said in a statement.
Source: US News & World Report
Amazon Not Happy with Seattle’s New Compromise Head Tax
An open letter May 14 to the city of Seattle from about 55 elected leaders—some from cities on Amazon’s short list for...
An open letter May 14 to the city of Seattle from about 55 elected leaders—some from cities on Amazon’s short list for HQ2—rebuked Amazon for its tactics and its opposition to the tax proposal. “We urge you to remain steadfast in your commitment to this effort to reduce homelessness and the persistent inequities faced by all of our cities,” the leaders wrote to their Seattle colleagues.
Read the full article here.
BREAKING: Maryland Legislature Restores Voting Rights To 40,000 Ex-Offenders
Source: ...
Source: ThinkProgress
Maryland’s legislature voted on Tuesday to override Gov. Larry Hogan (R)’s veto of a bill to give more than 40,000 ex-offenders in the state the right to vote while still on parole or probation.
Maryland joins 13 other states and the District of Columbia where citizens are permitted to vote immediately after serving their sentences. Hogan vetoed the legislation in May of last year after the legislature passed it with large majorities.
In response to the override, Hogan’s office issued a statement saying that he was disappointed with the decision and that “our citizens deserve better.”
“Today, twenty-nine people in the Maryland Senate decided to ignore reason and common sense and support an action that the vast majority of Marylanders vehemently oppose,” a spokesperson for the governor said. “For too long, voters have been completely ignored by their elected representatives in Annapolis.”
But there’s no evidence that a “vast majority” of Maryland voters opposed the bill, and national polls show that strong majorities of Amercians support restoring voting rights to non-violent offenders who have served their sentences. Emma Greenman, director of voting rights and democracy at the Center for Popular Democracy, told ThinkProgress that the legislature’s override is crucial for ensuring full political participation in Maryland.
“A lot of those voters are in Baltimore,” she said. “When we talk about political participation, it’s really important. This is a disenfranchised by law community. It’s so important to restore the rights for these 40,000 folks who are paying taxes, raising families, and want to have a political voice in the decisions that are affecting their lives.”
Ex-offenders and their allies unsuccessfully demonstrated in favor of the legislation in Baltimore last year to pressure the governor to sign the bill. Those in favor of the bill also wrote letters and phone banked to emphasize the importance of voting in helping people reintegrate into society after jail or prison.
The bill’s author, freshman Delegate Cory McCray (D-Baltimore), told ThinkProgress last May that it was crucial that people demonstrated to keep elected officials like Hogan accountable.
“When you can’t vote, you don’t have a seat at the table,” said McCray, whose Baltimore district has one of the highest ex-offender populations in the state. “Obviously, they’ve made mistakes, but these are our family members, our friends, our neighbors. These folks pay taxes. You can’t leave 40,000 people out of the conversation on subject matters that directly and indirectly impact them, like criminal justice reform, housing, access to fresh foods, employment, and transportation.”
Greenman, who was involved in the campaign to introduce the legislation, also said its passage will make it much easier to administer elections in the state because anyone not serving time in prison at the time of an election will be given the right to vote.
“It’s incredibly pragmatic for election administration,” she said. “It’s easy for folks on the ground, easy for folks coming out of prison to understand, and easy for election administration officials. Its a clear line.”
Greenman said she hopes the move creates momentum across the country to restore voting rights for ex-offenders. Currently, Minnesota lawmakers are considering a similar change. And more pressure is being put on Florida and the few states that permanently disenfranchise their former felons.
Immigration Reform News: Letter to Obama Calls For End of Immigrant, Family Detention
Latin Post 05-12-2015 - A coalition of national organizations, ranging from Latino-based, faith-based and law-based...
"In light of recent developments and ongoing negotiations in litigation on the detention of immigrant families, we, the undersigned 188 immigrants' rights, faith-based, civil rights, human rights, survivors' rights, and criminal justice reform organizations, international educators, and legal service providers, urge your administration to end the practice of family detention," starts the letter, signed by organizations including the League of United Latin American Citizens (LULAC), American Immigration Lawyers Association, Center for Popular Democracy, Detention Watch Network, DREAM Action Coalition, National Council of La Raza and We Belong Together.
The letter acknowledges the family detention centers built in the last year in Berks County, Penn., and Dilley and Karnes counties in Texas. The organizations also recognized that the detained families are largely seeking protection in the U.S., but such centers have had "traumatic impact" on families, notably children. The traumatic impacts may include an individual or families' experience while in Central America.
ADVERTISEMENT"These mental health effects are compounded where families have suffered detention that is prolonged and indefinite in nature," the letter continued. "A growing number of members of Congress have voiced their opposition to the detention of families, and a steady stream of news articles and human rights reports illustrate that families cannot be detained humanely."
The letter reference the lawsuit and human rights reports at the T. Don Hutto Detention Center in Texas, which the U.S. Department of Homeland Security closed in 2009 following inquiries of the facility's procedures. Lawsuits regarding other immigrant detention facilities' policies have also been filed and could result in the centers shutdown.
"DHS has broad authority to release from detention vulnerable populations who do not pose a flight or public safety risk either on recognizance or, where necessary, with additional measures such as alternatives to detention," wrote the 188 organizations. "These should include case management services to ensure that families are informed of their legal rights and obligations and receive appropriate referrals to social and legal services."
The organizations agreed that all immigrant families must receive full due process. The letter to Obama called for all families to have their right to full hearings before an immigration court judge -- as outlined in section 240 of the Immigration and Nationality Act.
Calls for an "alternative to detention," or ATD, instead of detention was recommended. The national, state and local organizations in the letter noted families apprehended at the border "generally" have relations or community relations in the U.S. and could be released while awaiting deportation hearings.
"In fact, Immigration and Customs Enforcement (ICE) recently issued a Request for Proposals specifically for case management ATD programs appropriate for families. As detailed in your FY 2016 budget request, current ATD programs save taxpayer dollars, costing approximately $5 per day compared to $343 per day for a family detention bed. Current ATDs have high compliance rates, with 99 percent appearance at immigration court hearings and 84 percent compliance with removal orders."
Local-and-state-based organizations signing on the letter include the Central American Resource Center, Coalition of Latino Leaders, Families for Freedom, New York Immigration Coalition and Workers Defense Project.
To read the letter to President Obama and the list of organizations signed, click here
Source: Latin Post
Issue committees pump $86M into Colorado election
For some corporations and advocacy groups, Colorado's jam-packed ballot has meant opportunity. And they don't just care...
For some corporations and advocacy groups, Colorado's jam-packed ballot has meant opportunity.
And they don't just care about political candidates. In fact, issue committees — which stand on the front line of fights over proposed amendments and propositions — have raised more than 10 times the amount of money of Colorado Democrats and Republicans seeking state or local office. These committees have drawn in more than $86 million, a staggering difference when compared to the approximately $7.3 million raised by state and local Democrats and Republicans.
These statewide issue fights — this year races concerning ColoradoCare, the minimum wage and a so-called "right to die" proposition have dominated much of the conversation — can give out-of-state groups a chance to get more bang for their buck and jump into statewide elections, which might affect their bottom line more than federal races, Colorado State University political science professor Bob Duffy said. States like Colorado are less expensive to campaign in than, say, California, which makes it appealing for groups looking to affect legislation without breaking the bank, he said.
ELECTION: Haven't voted yet? Here's what to know
"Typically those elections are cheaper and also low-information elections," he said, pointing out that sometimes people have less information about statewide ballot measures than more high-profile races. "So a little money can go a long way. A big fish can have a much bigger impact in a small pond than they can in a big pond."
In the fight over Amendment 72, for example, the parent company of tobacco giant Philip Morris has bankrolled No Blank Checks in the Constitution, a group fighting against the proposed hike in cigarette taxes. Philip Morris is one of the largest tobacco companies in the world, and is known for products including Marlboro cigarettes. It has so far spent more than $16 million on the campaign. That alone is more than Democrats and Republicans running for state and local offices have raised.
"Obviously cigarette sale declines puts a real crimp in their bottom line, and they have an opportunity (to fight it), and it's probably cheaper to do it here than in California, for example," Duffy said.
Oftentimes out-of-state groups will use statewide races as a test case to see how effectively they can influence it — and again, it makes most sense to do that in a less-expensive race than in a large state with lots of media markets — and sometimes it's meant as a warning shot to groups who might be considering similar legislation in other states, Duffy said.
Opponents of the "right to die" proposition have gotten much of their funding from Catholic groups. The Archdiocese of Denver, for example, has contributed more than $100,000 to the campaign fighting Proposition 106, which would allow physicians to prescribe lethal doses of medication to terminally ill patients who met certain criteria so they could end their own lives.
Colorado Families for a Fair Minimum Wage, a group advocating for Amendment 70, which would raise the state's minimum wage to $12 an hour by 2020, has raised almost $5 million, including more than $1 million from the Center for Popular Democracy Action, a New York-based advocacy group which focuses on several social justice issues. Keep Colorado Working, a group opposing the hike, has raised about $1.7 million, and has also received out-of-state support, including $50,000 from Florida-based Darden, the company that owns Olive Garden and LongHorn Steakhouse, among other brands.
"Especially after 2010, some federal election rulings unleashed some money," Duffy said, referencing a few court decisions on campaign finance, included Citizens United. "The floodgate really opened up."
By Alicia Stice
Source
Overnight Finance: Trump keeps up attack on Amazon
"We hope that John Williams's tenure as president will not be characterized by the same disregard for the public as his...
"We hope that John Williams's tenure as president will not be characterized by the same disregard for the public as his appointment was." -- Fed Up, a coalition of progressive non-profits focused on reshaping the central bank.
Read the full article here.
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