At the RNC, Don’t Just Watch Trump. Watch Who Follows Him.
At the RNC, Don’t Just Watch Trump. Watch Who Follows Him.
In the coming days, our nation’s media will focus enormous attention on the formal anointment of Donald Trump as the...
In the coming days, our nation’s media will focus enormous attention on the formal anointment of Donald Trump as the GOP’s candidate for president at the Republican National Convention. Endless ink will be spilled on Mr. Trump’s entrance, his appearances, and his words. But, as the Republican Party prepares itself to nominate the most anti-immigrant and racist presidential candidate in at least a generation, Americans should not just be watching Mr. Trump—we must pay attention to those who follow him.
It’s no secret that Mr. Trump has defined himself politically, from the very launch of his campaign, by scapegoating immigrants as “criminals” and “rapists,” and doubling down on his bigotry with proposals to, among other things, deport eleven million undocumented immigrants and ban all Muslim immigrants. Mr. Trump’s dominant strategy has been to animate the nativist portion of the Republican primary electorate—a strategy that proved quite successful in the primaries, and that Mr. Trump will continue (albeit in modified fashion) in the general election.
None of this is new. And Republicans will likely lose the White House because Trump has so alienated Latinos, communities of color, and other groups, including women.
But as Latinos and immigrants, we can’t just watch Trump. Our fight is not just about defeating Trump: it’s also about defeating “Trumpism,” the anti-immigrant and hateful policies and rhetoric he embraces.
That’s why have to, and we will, watch who follows him in contested Congressional races around the country. These “down-ballot” elections will determine the prospects for critical federal legislation in 2017 and beyond on issues including: reforming our out-of-date immigration system and ensuring that millions of immigrant families can remain together, ending police brutality, and raising the federal minimum wage.
What we will if we watch the candidates in these congressional races over the next few days is as simple and scary: the lion’s share of one of America’s two principal parties, including hundreds of sitting Congressional representatives, will embrace Trump’s hateful campaign strategy and applaud him as he formally becomes their standard bearer.
Their embrace will take two forms.
First will be incumbents and candidates who wholeheartedly endorse Trump. Hundreds of Republican elected officials have said openly that they will support him, and they will double down through November. Their ranks will grow during and after the convention. These Trump acolytes are people like Rep. Lee Zeldin of New York, who has endorsed and then repeatedly stumped for Mr. Trump. At the RNC, voters should pay careful attention to figures like Mr. Zeldin. Despite representing a moderate district where people of color represent roughly 20 percent of the voting-age population, Rep. Zeldin has acknowledged the racism in Trump’s words, but refused to withdraw his support.
Second will be legislators who are uncomfortable with the Trump brand, but quietly copy his playbook. Many Republicans are concerned that Trump’s divisive rhetoric may hurt the Republican brand and their poll numbers—so they stop short of full-throated endorsement, and in some cases are skipping the convention—but will mirror his demagoguery. Senator Pat Toomey of Pennsylvania offers a perfect example. Locked in a re-election fight with Democrat Katie McGinty, Toomey has not endorsed Trump for fear of its political downside. Instead, he has echoed Trump’s nativist appeals, leading efforts in the Senate to punish localities that have sought to improve community-police relations and public safety for all residents by distancing local law enforcement from immigration enforcement. To justify this politically-motivated policy fight, Sen. Toomey has suggested that immigrants are criminals and murderers—despite research consistently showing that immigrants commit fewer crimes than native-born residents.
This behavior from legislators like Zeldin and Toomey will not be lost on Latinos, voters of color, and other voters who stand for inclusion and diversity.
Latino and immigrant voters across this country are angry and we are energized. This is why residents protested outside Rep. Zeldin and Sen. Toomey’s offices this past weekend. And it is why, over the coming months, community organizations across the country, working with national groups like the Center for Community Change Action and Center for Popular Democracy Action, will be talking to millions of voters in our communities to make sure that they know the importance of voting all the way down the ballot.
No number of photo ops at local cultural events will erase the damage that legislators like these are doing to themselves, and to the Republican Party writ large, by embracing the politics of Trump.
As the GOP prepares for its convention, let there be no mistake: our communities are watching. And, to those who have embraced the politics of Trump, we say: we see you. And, in November, we will hold you accountable for vilifying us.
By ADANJESUS MARIN AND WALTER BARRIENTOS
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How progressives can fight against Trump's agenda
How progressives can fight against Trump's agenda
As the new year begins, any honest progressive knows the political outlook is bleak. But if we're going to limit the...
As the new year begins, any honest progressive knows the political outlook is bleak. But if we're going to limit the damage that President-elect Donald Trump inflicts on the country, then despair is not an option. The real question, as Democracy Alliance President Gara LaMarche recently said, "is how you fight intelligently and strategically when every house is burning down."
Indeed, with Trump and Republicans in Congress aggressively pushing a right-wing agenda, progressives will need to invest their resources and attention where they can do the most good — both now and over the next four years. With that in mind, here are three steps to take to resist and rebuild as the Trump administration gets underway.
First, while strong national leadership is certainly important, progressives must recognize that the most significant resistance to Trump won't take place in Washington. It's going to happen in the streets led by grass-roots activists, and in communities, city halls and statehouses nationwide.
There is real potential for cities and states to act as a bulwark against Trump's agenda. On immigration, for example, a coalition of mayors from across the country — including New York and Los Angeles but also cities throughout the Rust Belt and the South — are already coordinating to fight Trump's deportation plans. Local Progress, a national network of city and county officials, is working to protect civil rights and advance economic and social justice. And while the Trump administration may ravage the environment, cities and states can also continue the fight against global warming; in particular, California has the potential to become a global leader on the issue, and Democratic Gov. Jerry Brown has defiantly pledged to move forward with plans to slash carbon emissions in the state regardless of Trump's policies.
Cities and states also give progressives an opportunity to play offense by advancing policies that truly improve people's lives, while providing a concrete and actionable blueprint for the rest of the country. Take the Fight for $15. Last year, 25 states, cities and counties approved minimum-wage increases that will result in raises for millions of workers nationwide. And despite Trump's hostility to workers, there are campaigns to increase the minimum wage planned in at least 13 states and other localities over the next two years, representing a real chance to build on that progress.
Second, as New York Attorney General Eric Schneiderman writes, "We need a broad commitment from activists and donors to take back state governments." Even if Democrats do well in the midterm elections, they are unlikely to regain control of Congress until after the next round of redistricting, in 2020. Yet there will be 87 state legislative chambers and 36 gubernatorial seats up for grabs in 2018. Progressives would be wise to adopt a laserlike focus on winning these races.
A strong performance at the state level in 2018 would do more than improve progressives' ability to combat Trump's policies. It would also help create a stronger pipeline of leaders who could eventually run for higher office, following in the steps of incoming House members Jamie B. Raskin, D-Md., and Pramila Jayapal, D-Wash. Crucially, it would also give progressive Democrats more influence over congressional redistricting in 2020, boosting the party's prospects at the national level. For that reason, it's noteworthy that President Obama is planning to get involved in state legislative elections and redistricting after he leaves office, though grass-roots efforts will remain paramount.
And third, it will be critical for progressive leaders in Washington to amplify local progress to drive a national message. In the absence of a single party leader — especially one whose success depends on compromising with congressional Republicans — there is more room for strong, populist progressive voices to emerge in opposition to Trump.
Already, Sens. Bernie Sanders, Vt., Elizabeth Warren, Mass., Sherrod Brown, Ohio, and Jeff Merkley, Ore., are stepping up, and they will be joined in the House by the Congressional Progressive Caucus, whose members will play a key role in recruiting and running progressive candidates, connecting with grass-roots movements and driving local issues into the national sphere. Working alongside activist groups, progressive Democrats can present a clear alternative vision for the nation.
To that end, the race for Democratic National Committee chair presents a significant opportunity to shift the party's direction. Regardless of who prevails, progressives would be wise to insist on a return to the 50-state strategy that former chairman Howard Dean championed and that all of the current candidates say they support. Ultimately, the party's fortunes will depend on recruiting a new generation of progressive leaders, especially women and people of color, who can harness the power of social movements and drive it into electoral politics — everywhere in the country, at every level of government.
By: Katrina Vanden Heuvel
Source
The Eugenicist Doctor and the Vast Fortune Behind Trump’s Immigration Regime
The Eugenicist Doctor and the Vast Fortune Behind Trump’s Immigration Regime
Since the 2016 election, according to a report from the Center for Popular Democracy, Wall Street behemoths JPMorgan...
Since the 2016 election, according to a report from the Center for Popular Democracy, Wall Street behemoths JPMorgan Chase & Co., Wells Fargo, and BlackRock have all increased their shares in the nation’s two largest prison companies, CoreCivic and GEO Group, financing the growth of a $5 billion industry with gargantuan loans: the two companies are now carrying a total of $1.94 billion and $1.18 billion in debt, respectively.
Read the full article here.
Más hispanos mueren en NY en trabajos de construcción
El Diario – October 25, 2013, by Juan Matossian - En el 60% de los casos de fallecimientos por caídas,...
El Diario – October 25, 2013, by Juan Matossian -
En el 60% de los casos de fallecimientos por caídas, investigados entre 2003 y 2011 en el estado, la víctima era latino y/o inmigrante
Los obreros de construcción hispanos e inmigrantes sufren muchos másaccidentes y muertes por caídas que otros trabajadores del mismo gremio, debido a las pobres condiciones de seguridad en las que trabajan en el estado de Nueva York, según reveló un estudio.
El reporte, comisionado por el Center for Popular Democracy, muestra que en el 60% de las muertes por caídas en los accidentes, investigados entre 2003 y 2011 en el estado, el fallecido era latino y/o inmigrante.
En la ciudad, esta cifra se incrementa hasta casi el 75% – tres de cada cuatro – a pesar de que sólo supone el 40% de la fuerza total de trabajo en ese reglón.
Encuestas realizadas a empleados latinos evidenciaron que muy pocos se atreven a quejarse por las condiciones de seguridad por temor a represalias de sus jefes.
Problemas de seguridad
Ese fue el caso de Pedro Corchado, un obrero que cayó desde una escalera durante la renovación de un edificio hace cinco años, y sufrió graves heridas por no contar con un arnés de seguridad.
“Casi cualquiera que trabaje en construcción te dirá que es muy difícil negarse a las órdenes de escalar un andamio que no es seguro o subir una escalera sin equipamiento de seguridad”, dijo Corchado. “Para la mayoría de trabajadores como yo, decir ‘no’ al jefe simplemente no es una opción”.
El grupo que elaboró el estudio y otras organizaciones que defienden a estos trabajadores, argumentaron que la mejor manera de detener esta tendencia es aumentar los fondos deOSHA, porque ahora mismo la oficina no cuenta con los suficientes medios ni inspectores.
Calcularon que, para que OSHA inspeccione cada lugar de construcción que hay actualmente en Nueva York, les llevaría 107 años.
Por otro lado, hicieron un llamado para que se proteja la llamada “Ley del Andamio”, que ayuda a asegurar las condiciones de seguridad en los sitios de construcción y que varios promotores inmobiliarios presionan para que se derogue porque incrementa significativamente el coste de nuevos edificios.
“En lugar de invertir en la seguridad en el trabajo, la comunidad de negocios quiere que la responsabilidad por heridas y muertes pase a los que son más vulnerables y no tienen control sobre las condiciones laborales”, denunció Joel Shufro, director ejecutivo delComité para Seguridad y Salud en el Trabajo de Nueva York. “Pondría a todos los obreros de construcción en riesgo, particularmente a los jornaleros y a los no sindicados”.
Una última petición es que se tomen medidas para asegurar que tanto los promotores, dueños y trabajadores de la construcción, reciban entrenamiento de seguridad de acuerdo con los estándares de OSHA.
Source
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
Federal Reserve is too ‘white and male’, say Democrats
Federal Reserve is too ‘white and male’, say Democrats
More than a hundred Democratic party lawmakers have written to Federal Reserve chair Janet Yellen complaining of a lack...
More than a hundred Democratic party lawmakers have written to Federal Reserve chair Janet Yellen complaining of a lack of diversity within the central bank system and a leadership that is “overwhelmingly and disproportionately white and male”.
The letter, signed by 11 senators and 116 representatives, calls on the Fed to do more to ensure its senior ranks reflect the country’s make-up in terms of gender, race and ethnicity, economic background and occupation. It also demands that the Fed place greater priority on securing full employment for minorities as it pursues its economic goals.
“When the voices of women, African-Americans, Latinos, and representatives of consumers and labour are excluded from key discussions, their interests are too often neglected,” the letter says. “By fostering genuine full employment, the Federal Reserve can help combat discrimination and dramatically reduce the disproportionate unemployment faced by minority populations.”
The signatories include senators Elizabeth Warren of Massachusetts, Bernie Sanders from Vermont and Kirsten Gillibrand from New York; and representatives including Maxine Waters, the ranking member of the Financial Services Committee and John Conyers from Michigan. All Democratic members of the Congressional Black Caucus put their names to the letter. It was not signed by Republican lawmakers.
The letter is the latest sign of political pressure on the Fed from both sides of the party divide. Republicans have been calling for greater Congressional scrutiny over the Fed amid persistent concerns about the ultra-loose monetary policy stance it has pursued since the financial crisis. Democrats, on the other hand, have urged Ms Yellen to maintain low interest rates in pursuit of higher employment, and in her most recent hearings before Congress Ms Yellen faced a barrage of complaints about the uneven economic progress seen between different races and ethnicities.
Eleven of the 12 regional Federal Reserve Bank presidents are white and 10 of the 12 are men. All of the 10 current voting members of the Federal Open Market Committee, which sets monetary policy, are white, while four of them are women. Members of the Fed’s Board of Governors, who rank among the top rate-setters, are selected by the president and confirmed by the Senate, but the Board of Governors has a key role in selecting the Fed’s regional bank presidents.
A spokesperson for the Federal Reserve Board said: “The Federal Reserve is committed to fostering diversity — by race, ethnicity, gender, and professional background — within its leadership ranks. To bring a variety of perspectives to Federal Reserve Bank and Branch boards, we have focused considerable attention in recent years on recruiting directors with diverse backgrounds and experiences.”
The Fed said that minority representation on its reserve bank and branch boards had increased from 16 per cent in 2010 to 24 per cent in 2016, while the proportion of women directors has risen from 23 per cent to 30 per cent over the same period. Some 46 per cent of all directors are “diverse in terms of race and/or gender”, the Fed added.
The Fed in December lifted interest rates for the first time in nearly a decade. It has since kept them on hold as it weighs up conflicting evidence about the strength of the recovery. Referring to monetary policy, the letter from the lawmakers urges Ms Yellen to “give due consideration to the interests and priorities of the millions of people around the country who still have not benefited from this recovery”.
Jesse Ferguson, a Clinton campaign spokesman, said: “The American people should have no doubt that the Fed is serving the public interest. That’s why Secretary Clinton believes that the Fed needs to be more representative of America as a whole as well as that commonsense reforms — like getting bankers off the boards of regional Federal Reserve banks — are long overdue.”
By Sam Fleming
Source
A Collaboration to Strengthen the United States Federal Reserve System
April 16, 2018 Alexander R. Mehran Chair of the Board Federal Reserve Bank of San Francisco Dear Mr. Mehran:...
April 16, 2018
Alexander R. Mehran
Chair of the Board
Federal Reserve Bank of San Francisco
Dear Mr. Mehran:
We are writing to offer you our view about the urgency of appointing an individual who deeply understands the economic realities facing working class Americans to serve as President of the Federal Reserve Bank of San Francisco.
For all of the dynamism and strength of the US economy, it has come to be characterized most fundamentally by enormous disparities in wealth, income and opportunity that strongly correlate to race, ethnicity and geography. Failing to address significant disparities in income and net worth between major segments of our population, and particularly in segments that are driving our nation’s demographic growth, will result in a less globally competitive US economy. This is a significant economic risk for the 12th District and the United States.
The San Francisco Fed will be strengthened by having a President whose experience and expertise better reflect the large segments of our population that are not proportionally experiencing the benefits of our economy. Ensuring that this expertise and perspective is represented within the Fed is a critical way to prepare for the challenges and opportunities in our economic future. This will require considering candidates with more diverse experience including in the fields of community development and philanthropy. We submit that the San Francisco Fed has a historic opportunity to name the first Hispanic, East Asian American or Pacific Islander President of a Federal Reserve Bank.
We applaud Chairman Powell's insightful comments on the necessity for diversity in Federal Reserve System and the larger economics profession. In his testimony before the Senate Banking, Housing and Urban Affairs Committee on November 28th, 2017, he stated, “We make better decisions when we have diverse voices around the table—both at the Board of Governors and at the Reserve Banks…We’ve seen what works. It’s about recruiting. It’s about going out of your way. It’s about bringing people in. Once they’re in, it’s about giving them paths for success. And it’s about having an overall culture and company that is very focused on diversity and sticks with that focus for a long period of time. That works.” This recognition must be coupled with bold leadership and action.
In order to decide the course of monetary policy through an informed assessment of different regional economic conditions from diverse points of view, the Federal Reserve System was designed to be decentralized, independent and include representatives of the public in its governance. The Fed’s mission is undermined when regional Reserve Banks fail to recruit leaders who live up to the mandate to “represent the public.” Selections that fail to allow meaningful opportunities for public input and engagement have tended to result in the elevation of Fed insiders. This insularity undermines the Fed’s public credibility and increases the likelihood that Congress will ultimately intervene to reform the process. The process for selecting the President of the New York Fed perpetuated the status quo. We urge the San Francisco Fed to avoid the same mistake. As a first step, we call on the San Francisco Fed to include the Chair of its own Community Advisory Board in the official selection committee for the next President.
Please accept this letter as an offer of support. We will do anything we can to help identify strong candidates as well as to publicly support actions that the San Francisco Fed takes to ensure progress on diversifying its Board of Directors and executive leadership.
Thank you for your service to the 12th District and our nation.
Respectfully submitted,
California Reinvestment Coalition Center for Popular Democracy Chicanos Por La Causa Community Council of Idaho Greenlining Institute NALCAB – National Association for Latino Community Asset Builders National Coalition for Asian Pacific American Community Development TELACU
cc: Jerome Powell, Chairman, Board of Governors of the Federal Reserve Lael Brainard, Governor, Board of Governors of the Federal Reserve Randal Quarles, Vice Chairman for Supervision, Board of Governors of the Federal Reserve
San Francisco Fed Board Chair Alexander Mehran's April 20 Response to Coalition Outreach re: Collaboration Surrounding San Francisco Fed Presidential Appointment
April 20, 2018
Noel Poyo Executive Director National Association for Latino Community Asset Builders 5404 Wurzbach Rd. San Antonio, TX 78238 Dear Mr. Poyo: Thank you for your letter of April 16, 2018, concerning the appointment of the next President and Chief Executive Officer of the Federal Reserve Bank of San Francisco. We appreciate your taking the time to reach out and share your perspectives on this important undertaking. As Chair of the Board of Directors for the Federal Reserve Bank of San Francisco, I know that I speak for all of my board colleagues in saying that the appointment of a Federal Reserve Bank President is among our most important responsibilities and one that we take very seriously. We share your desire to find a qualified candidate to fill this important role that understands and is able to represent the varied needs and interests of the richly diverse people and business communities throughout the Twelfth District. The Federal Reserve Bank of San Francisco has a legacy of success with regard to recruiting, developing and promoting women and minorities into leadership positions within its senior ranks. As you are well aware, Janet Yellen served as President and Chief Executive Officer of the Bank from 2004 to 2010 before going on to become Vice Chair and later Chair of the Board of Governors of the Federal Reserve System. Under President Williams' leadership, the Bank continued to strengthen its focus on diversity and inclusion at all employee levels but particularly an10ng its leadership ranks where women now occupy over 30 percent and minorities over 45 percent of seniorlevel roles. In addition, President Williams established the Bank's Community Advisory Council in 2017 to give even stronger voice to those representing the district's underserved communities and to contribute to his ongoing economic analyses and monetary policy views. The Federal Reserve Bank of San Francisco has set a high bar for its executive leadership that we fully intend to uphold. Our board has not yet publicly communicated about the selection committee, job specifications or the processes that we will undertake to gather a list of qualified candidates for this important role. We expect to do so in the near future and will keep you apprised of our progress. For now, please know that we are absolutely committed to gathering input from various community and business leaders like you and your colleagues regarding the appointment of the next President and Chief Executive Officer of the Federal Reserve Bank of San Francisco. While I appreciate your suggestion to include Mr. Matsubayashi, who chairs the Bank's Community Advisory Council, as part of the official selection committee, the Federal Reserve Act stipulates that only the Class B and Class C directors (those not affiliated with banks or financial institutions) are eligible to participate in the appointment process. As such, Mr. Matsubayashi is unable to serve in this capacity. However, we recognize that he is doing an outstanding job leading the Community Advisory Council, and we would greatly value his input and suggestions, as well as input from you and your colleagues, regarding qualified candidates for this important role. I wish to thank you once again for reaching out and offering your support of this important undertaking. We look forward to continuing this open, constructive dialogue, and with your support, doing all that we can to find the absolute best person from a diverse candidate pool to lead the Federal Reserve Bank of San Francisco. Sincerely, Alexander R. Mehran Chair of the Board Federal Reserve Bank of San Francisco and Federal Reserve Agent cc: Danielle Beavers, Diversity and Inclusion Director, The Greenlining Institute David Adame, President and Chief Executive Officer, Chicanos Por La Causa Irma Morin, Chief Executive Officer, Community Council of Idaho Jerome Powell, Chairman, Board of Governors of the Federal Reserve Jordan Haedtler, Campaign Manager, Fed Up, Center for Popular Democracy Jose Villalobos, Senior Vice President, TELACU Lael Brainard, Governor, Board of Governors of the Federal Reserve Orson Aguilar, President, The Greenlining Institute Paulina Gonzalez, Executive Director, California Reinvestment Coalition Randal Quarles, Vice Chairman for Supervision, Board of Governors of the Federal Reserve Seema Agnani, Executive Director, National Coalition for Asian Pacific American Community Development Coalition's Response to Chair Mehran's LetterMay 4, 2018
Alexander R. Mehran Chair of the Board Federal Reserve Bank of San Francisco
Dear Mr. Mehran:
Thank you for your letter dated April 20 and for your commitment to finding a San Francisco Fed president who “understands and is able to represent the varied needs and interests of the richly diverse people and business communities throughout the Twelfth district.”
We appreciate that the San Francisco Federal Reserve Bank has shown its commitment to public representation by strengthening diversity among Reserve Bank staff. Unfortunately, that commitment has not extended to the position of President. Similarly, diversity and public representation on the San Francisco Fed’s governing board remains lacking. The Twelfth District is one of the most demographically diverse districts in the country, yet a recent analysis by the Center for Popular Democracy found that the San Francisco Fed’s board of directors is the least diverse in the Federal Reserve System.
Your letter indicated that it would not be possible to include a Community Advisory Council member on the search committee because “only the Class B and C directors (those not affiliated with banks or financial institutions) are eligible to participate in the appointment process.” We would like to clarify our request regarding Mr. Matsubayashi’s inclusion. Following established precedent, Mr. Matsubayashi can play a critical advisory role on the search committee by suggesting, interviewing, and advising on candidates under consideration. We are not suggesting or expecting that he would have final decision-making authority over which candidate is ultimately chosen.
The Federal Reserve Act clearly designates Class B and C directors as the final arbiters of who serves as president of each Reserve Bank. We do not agree that inclusion of a member of the public on the search committee would in any way violate the law. We have consulted with legal experts on the Federal Reserve Act, and they concur. Whenever a regional Reserve Bank encounters a presidential vacancy, it is customary to hire an executive search firm to identify and vet candidates who can fill that vacancy. We posit that employees of those executive search firms are participating in the search process. In 2014, outgoing Dallas Fed President Richard Fisher solicited the participation of non-Class B/C directors when he reportedly convened an advisory committee consisting of former Dallas Fed chairmen to help choose his successor.2 Freedom of Information Act requests have also revealed that members of the Board of Governors have occasionally suggested candidates to fill Reserve Bank presidential vacancies, thereby going beyond the final approval role that the Federal Reserve Act prescribes for governors. We fail to see how the inclusion of Mr. Matsubayashi on the search committee in an advisory capacity is distinguished from these other examples of involvement by non- Class B and C directors in recent Reserve Bank presidential selections.
In your letter of April 20th, you identified the establishment of the Community Advisory Council as an important step toward giving an “even stronger voice to those representing underserved communities,” in the District. The Council includes individuals selected by the San Francisco Fed itself as credible representatives of diverse communities. If the San Francisco Fed is unwilling to find a way to meaningfully include a leading member of that advisory council in the selection process for the next President, it is difficult to understand how underserved communities are truly gaining a stronger voice.
It is also difficult to be assured that people of color will be given due consideration for the position of President when communities of color and other important segments of the District’s population are not adequately reflected in the selection process. Despite clear calls for consideration of diverse candidates from members of Congress and the public, the last two Reserve Bank presidential vacancies have resulted in the selection of white, male, longtime Fed insiders. Including the Chair of the San Francisco Fed’s Community Advisory Council on the search committee in San Francisco is an essential step to maintain the credibility of the selection process for the next President of the San Francisco Fed.
In light of this clarification, we respectfully request that you consider including the Chair of the San Francisco Fed’s Community Advisory Council in the search process in a manner consistent with the Federal Reserve Act. If the San Francisco Fed chooses not to accept this recommendation, we would appreciate an explanation as to why. Regardless of your decision, we look forward to your continued collaboration as you take on the important responsibility of finding a qualified candidate to fill a policymaking role of crucial importance to the public.
Thank you for your service to the 12th District and our nation.
Respectfully submitted,
California Reinvestment Coalition Greenlining Institute Center for Popular Democracy Community Council of Idaho Chicanos Por La Causa NALCAB – National Association for Latino Community Asset Builders National Coalition for Asian Pacific American Community Development TELACU
cc: Jerome Powell, Chairman, Board of Governors of the Federal Reserve Lael Brainard, Governor, Board of Governors of the Federal Reserve Randal Quarles, Vice Chairman for Supervision, Board of Governors of the Federal Reserve
Tobacco giant pours $10 million into effort to defeat Colorado tax increase on its products
Tobacco giant pours $10 million into effort to defeat Colorado tax increase on its products
Gary Kubiak taken to the hospital after Broncos’ loss to Atlanta in Denver Broncos defense toppled after Falcons...
Gary Kubiak taken to the hospital after Broncos’ loss to Atlanta in Denver
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Ask Amy: Sisters’ maternal support affects relationship
Nixon-era proposal to give “basic income” to all people springs back to life
Poll: Should Colorado voters pass medical aid in dying?
Hillary Clinton, Donald Trump trade charges, insults in second presidential debate
Nearly $35 million has been poured into Colorado’s statewide ballot initiatives so far this year, according to campaign finance reports filed this week, with a tobacco giant accounting for $10 million of that in its effort to defeat a tax increase on its products.
Combined with $1.7 million collected by proponents of the tobacco tax, which would fund various health-related initiatives, that makes Amendment 72 the most costly race so far at $11.7 million. The medical aid-in-dying measure, Proposition 106, has been a distant second at $6.6 million with proponents raising $4.8 million and opponents gathering $1.8 million.
SEPTEMBER 29, 2016 Hickenlooper endorses higher minimum wage, aid in dying, cigarette tax
SEPTEMBER 23, 2016 9 statewide ballot initiatives you’ll see on Election Day
Still, it could have been more. Much, much more.
“There are a number of intense fights, but this year will be known for what’s not on the ballot, what might have been if TABOR, fracking and wine-and-beer had gone forward,” said independent political analyst Eric Sondermann, noting that the three contentious issues could easily have doubled or tripled what has been raised so far. “Television would be truly unwatchable.”
Some fundraising snapshots:
Amendment 69
Proponents of the effort to create a state-run health care system, dubbed ColoradoCare, have raised their money — $369,233 so far — almost entirely by relatively small donations, many under $100. The opposition’s $4 million has attracted six-figure support from health care players like HealthONE and Centura Health, as well as the Denver Metro Chamber of Commerce.
2016 COLORADO BALLOT MEASURES
• Amendment 69: ColoradoCare
• Amendment 70: Minimum Wage
• Amendment 71: Constitutional changes
• Amendment 72: Cigarette taxes
• Proposition 106: Aid-in-dying
• Proposition 107: Presidential primaries
• Proposition 108: Unaffiliated voters
• Amendment T: Slavery reference
• Amendment U: Property taxes
• Ballot Issue 4B: Arts funding
Amendment 70
Substantial chunks of the $3.1 million for the measure that would raise the state’s minimum wage — an effort that has surfaced in various forms across the country — come from national groups such as the New York-based Center for Popular Democracy Action Fund, which has given $650,000, and unions such as Service Employees International Union, which has given $250,000. Opponents have raised considerably less, with many contributors coming from the restaurant industry. But their effort also has attracted out-of-state donors such as the anti-“Big Labor” Workforce Fairness Institute, which gave $250,000.
Amendment 71
A political Who’s Who of interests has coalesced around the attempt, dubbed Raise the Bar, to make amending the state constitution much more difficult. But some energy industry players stand out. Protecting Colorado’s Environment, Economy, and Energy Independence, an oil-and-gas financed group that amassed millions of dollars anticipating a battle over proposed fracking measures that failed to make the ballot, instead has poured $2 million into the measure so far. Vital for Colorado, a coalition of business interests that advocates for oil and gas development, along with the Colorado Petroleum Council and Whiting Petroleum Corp., have combined for nearly another $1 million.
Campaign finance reports for the three committees listed as opposing the initiative have reported only about $1,000 in contributions.
Amendment 72
Fundraising for the effort to pass the tobacco tax has delivered $1.7 million in several five- and six-figure chunks from health care entities such as Children’s Hospital Colorado and the American Heart Association, while University of Colorado Health and University Physicians, Inc. have led the way with $250,000 each. Opposition — in two $5 million donations — comes from Virginia-based Altria Client Services and its affiliates, part of the group that owns Philip Morris.
“The fact that they’re investing and now reinvesting, they see some glimmer of opportunity or they’d not be playing at that magnitude,” Sondermann said. “That said, they remain underdogs — though big-money underdogs.”
Proposition 106
Proponents of the medical aid-in-dying initiative have a substantial edge, with nearly all of their funding coming from the Compassion and Choices Action Network, a Denver-based but nationally active organization that works to protect and expand end-of-life options. Leading the largely faith-based opposition to the proposition is the Roman Catholic Archdiocese of Denver, which has contributed $1.115 million, while dioceses across the country have pitched in to varying degrees. In the latest reporting cycle, the Colorado Springs archdiocese contributed $500,000.
Propositions 107 and 108
The measures to create a state presidential primary and also allow unaffiliated voters to cast ballots in party primaries have raised $3.7 million — notably $950,000 from Davita CEO Kent Thiry — against no discernible opposition at this point.
“If an opposition campaign is going to come together,” Sondermann said, “the time is now — if not past tense.”
Two referred measures, to clean up language in the state constitution referring to slavery and to provide a minor property tax exemption, have faced no organized opposition and raised very little money.
Two more reporting periods remain before the November election.
________
Issue contributions
Total for all initiatives as of Oct. 3 report: $34.77 million
Amendment 72 — Tobacco tax
Yes: $1.7 million
No: $10 million
Total: $11.7 million
Proposition 106 — Medical aid-in-dying
Yes: $4.8 million
No: $1.8 million
Total: $6.6 million
Amendment 69 — ColoradoCare
Yes: $369,233
No: $4.0 million
Total: $4.37 million
Amendment 70 — Minimum wage
Yes: $3.1 million
No: $1.2 million
Total: $4.3 million
Amendment 71 — Tougher to amend constitution
Yes: $4.1 million
No: $980
Total: $4.1 million
Propositions 107/108 — Presidential primary/independents vote in primaries
Yes: $3.7 million (including $805k loan)
No: $0
Total: $3.7 million
Amendment T — Clean up language referring to slavery
Yes: $15,129
No opposition
Amendment U — Exempt certain interests from property tax
$0
No committee for or against
By KEVIN SIMPSON
Source
NYT Misses the Story on the Fed and African American Unemployment
CEPR - March 3, 2015 - The NYT...
CEPR - March 3, 2015 - The NYT examined the impact the Fed has on unemployment among African Americans and came up with the bizarre conclusion that the Fed can't do much:
"The Fed has a hammer, and, as the saying goes, not all problems are nails."
This conclusion is bizarre, because the data are very clear; efforts to reduce the overall unemployment rate disproportionately help African Americans and Hispanics. As a rule of thumb, the African American unemployment rate is roughly twice the unemployment rate and the unemployment rate for African American teens is roughly six times the white unemployment rates. (The unemployment rate for Hispanics is generally 1.5 times the white unemployment rate.)
In keeping with this rule of thumb, the unemployment rate for whites in January was 4.9 percent. It was 10.3 percent for African Americans and 29.7 percent for African American teens. Here's what the longer term picture looks like.
If we could get back to 2000 levels of unemployment, when the unemployment rate for whites bottomed out at 3.4 percent, we might see something like the 7.0 percent unemployment rate for blacks overall and 20.0 percent we saw for black teens back in April of 2000.
Alternatively, to flip it over and talk about employment rates, the percentage of black teens that was employed peaked at 31.7 percent in 2000, more than 50 percent higher than the 19.6 percent figure for last month. Does anyone really want to say that increasing the probability that black teens will have a job by 50 percent doesn't make a difference?
There is a separate issue as to whether it would be possible to get down to 4.0 percent unemployment without triggering spiraling inflation. This is an arguable point. But it is worth noting that those who say it is not possible to have 4.0 percent unemployment today also said that it was not possible back in 2000.
Source
Fed Up on Nightly Business Report
Nightly Business Report - November 11, 2014 ...
Nightly Business Report - November 11, 2014
Source
3 days ago
3 days ago