Arizona’s special election could send an important message for the midterms — even if the GOP wins
Arizona’s special election could send an important message for the midterms — even if the GOP wins
Ady Barkan, the man with ALS who became nationally famous for confronting Sen. Jeff Flake over his support for the...
Ady Barkan, the man with ALS who became nationally famous for confronting Sen. Jeff Flake over his support for the Republican tax bill has thrown his support behind Tipirneni, creating a viral web ad for her campaign.
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Taking Selfies and Talking Inequality, has Janet Yellen Gone Too Far?
PBS - November 21, 2014, by Simone Pathe - One recent brisk morning in the nation’s capital, about 30 community leaders...
PBS - November 21, 2014, by Simone Pathe - One recent brisk morning in the nation’s capital, about 30 community leaders and workers from around the country, all clad in matching green T-shirts, posed for a group photo on Constitution Ave. Ten guards huddled at the top of the walkway separating them from the Federal Reserve.
The workers weren’t protesting. They weren’t sightseeing. They were there to meet Janet Yellen.
“That’s a big deal,” said former Fed vice chair Alan Blinder.
Friday marked the third time in the past month that Yellen has been in the public eye for engaging with the public, or at least with economic issues much more on their minds than, say, quantitative easing.
First, it was her speech at a conference on inequality organized by the Boston Federal Reserve. On that same trip, she met with the jobless at a nearby community center. And then, she posed for selfies.
The string of incidents has raised questions about the public face of the Fed, and when it’s appropriate for Yellen, an unelected government official with enormous power, to inject herself into public debates that may have political overtones.
“I see no harm in her talking and listening to people,” said Michael Strain, an economist at the conservative American Enterprise Institute. “But those situations can magnify and invite off-the-cuff remarks.”
Yellen certainly doesn’t want to be a politician, said Alan Blinder, vice chair of the Fed under Bill Clinton. But making those off-the-cuff remarks is an “occupational hazard” of the position, he added, especially when testifying in front of lawmakers. Some chairs have handled it better than others, and both Blinder and Strain agree that Yellen’s comments about inequality were slight as indiscretions come. Alan Greenspan was famous for weighing into policy debates too freely, as when he endorsed George W. Bush’s plan to privatize Social Security in 2005. That behavior inspired Ben Bernanke to shy away from any incursions into the public dialogue unrelated to monetary policy.
A Rare Meeting
Bridging the gap between the public dialogue and what’s arguably the most powerful economic institution in the world is exactly what Yellen has been doing.
While her remarks about inequality have sparked the most controversy, her invitation to a coalition of community organizers, labor leaders, low-wage workers, faith leaders and liberal economists is the farthest step she’s taken toward involving the public in the Fed and its policies. She didn’t just meet the “Fed Up” campaign, as they call themselves, in a spare conference room. They sat in the inner sanctum of one of the most cloistered agency’s of the U.S. government — the board of governors meeting room, where the Federal Open Market Committee meets in private to decide monetary policy.
Fed Up’s tagline — “What recovery?” — illustrates the disconnect between the two-thirds of voters who told exit pollsters earlier this month that the economy is getting worse and headline economic figures that are growing stronger. Unemployment is now as low as it was before the recession. But wages are barely keeping pace with inflation, while unemployment for some demographics and geographic regions remains much higher than the average. Nationally, African Americans were unemployed at a rate of 10.9 percent in October. In Atlanta, the unemployment rate for blacks is nearly 14 percent, according to an analysis by the Economic Policy Institute, one of the parties to the Fed Up campaign.
Workers didn’t travel to Washington to protest Yellen, said Amador Rivas, of Harlem; they just wanted her to hear what’s happening on the ground. Jean Andre echoed those remarks. Andre, a member of New York Communities for Change, used to do locations support in the film industry. “You know, one of those names at the end of the movie that no one reads,” he said. He lived a middle-class lifestyle. But after the financial crash, he lost his home and struggled to find a full-time job to pay for a mortgage modification.
To some on the right, though, Yellen’s meeting looked like it was going beyond a simple meet-and-greet with the public. American Principles in Action blasted her for discussing monetary policy “with representatives of an extreme political view,” and requested a similar meeting for a chance to express their concerns with low interest rates.
Fed Up does have an agenda when it comes to monetary policy: they want the Fed to keep interest rates low to stimulate jobs and, they argue, higher wages. They’d also like the Fed to buy municipal bonds as a form of lending to cities and states.
Their campaign took off earlier this month with a call to democratize the very table at which they met Friday. In early 2015, the presidents of the regional Federal Reserve banks in Philadelphia and Dallas are stepping down, and Fed Up called on the board of governors and regional banks to release the names of possible successors and to give the public input, if not the opportunity to serve on the regional boards. (The Philadelphia Fed on Friday morning released the name of the search firm vetting candidates, which has established an email to receive public inquiries.)
“We had Wall Streeters in the building all the time,” Blinder said, reflecting on his time as vice chair. This “signals the Fed is as interested in these groups as the financial markets.”
“The Fed is too important of an institution to be insulated from the voices and perspectives of working families,” said Ady Barkan, an attorney at the Coalition for Popular Democracy, the group that organized the meeting.
That’s why Friday’s meeting with Yellen was so significant for them. “The people who are the true consumers who finance the economy finally have a chance to have input,” Andre said. The meeting was a significant event for the Fed, too. “We had Wall Streeters in the building all the time,” Blinder said, reflecting on his time as vice chair. This “signals the Fed is as interested in these groups as the financial markets.”
A Central Bank Can Only Do So Much
Even if their message resonates, though, the Fed, and Yellen as its public face, does not necessarily have authority to address every plight of working Americans. Yellen has herself said many times that wages are still too low in this recovery. “If they’re trying to elicit sympathy that wage earners aren’t making enough,” Blinder said about Fed Up, “they’re preaching to the converted.”
The central bank has no control over wages, except in the sense that wages typically rise in a tighter labor market, said Blinder. Holding short-term interest rates low is supposed to boost employment, and it has — unemployment has dropped from above 10 percent to below 6 percent — but so far, that’s done little for wages.
As for buying municipal bonds to lend to cities and states in need, Blinder doesn’t think that’s the Fed’s business, even if it does have the legal authority to do so. Its dual mandate to maintain full employment and stable prices is about national economic policy, he said, and there’s no way it would be able to choose which states’ bonds to buy.
The Fed and Inequality
Likewise, the Fed has no policy tools to directly address economic inequality. That’s why Yellen’s Oct. 17 speech, more than anything else, has left Blinder, a close friend, and Strain, who still thinks she’ll “make a great chair,” feeling uneasy.
Of course, the Fed isn’t totally removed from the debate over inequality. The central bank conducts research on the subject as an economic phenomenon, and the Boston Fed organized the entire October conference at which Yellen spoke around the topic.
In fact, plenty of the Fed’s critics accuse the central bank and its bond buying program of contributing to the divide between Wall Street and Main Street. “The fact that quantitative easing has driven up the stock market to what some would call dizzying heights does in fact exacerbate wealth inequality,” Blinder said. But to him, that’s just collateral damage. “If the instruments you have are limited and work through financial markets,” he added, “that’s going to be a side effect.”
But reduced income inequality can also be a side effect of the Fed fulfilling its mandate. Blinder pointed to the second Clinton Administration as a period when plentiful jobs — “if your breath showed in the mirror you could get a job” — slowed the growth in the gap between top and bottom earners. (Clinton’s economic legacy — including his administration’s impact on inequality — is a subject of continuous debate.)
The “Fed Up” campaign isn’t interested in side effects, though. Their mission statement singles out the Fed for its ability to make a difference in the lives of working Americans: “President Obama, Congress, and most state legislatures have failed to strengthen the economy — and have often made things worse. But the Federal Reserve has tremendous power over the economy.”
That power is precisely why Blinder and Strain agree that the Federal Reserve must be insulated from politics. Talking to labor, community leaders and Wall Street is important, said Blinder, but the transparency for which Bernanke, and now Yellen, has been lauded is about monetary policy, not taxes or inequality.
A Step Too Far?
For many conservatives, Yellen crossed the line with her Boston remarks, especially when she said, “The extent of and continuing increase in inequality in the United States greatly concern me.”
To Strain and others on the right, Yellen sounded far too Democratic in her concerns about inequality, as she did when she alluded to universal pre-k, another policy priority often associated with the Democratic Party.
Did Yellen betray herself as too blue? Richard Reeves, a fellow at the Brookings Institution, doesn’t think so. The substance of Yellen’s speech offered more to conservatives, he wrote, particularly her acknowledgement of business ownership and inherited wealth as “building blocks” of opportunity in the United States.
Republicans in Congress may not see it that way, though, which is another reason Yellen’s remarks worried Strain. He’s afraid they’ll only fuel GOP efforts to rein in the central bank. There’s a reason Congress doesn’t have oversight over monetary policy: it doesn’t mix well with politics, said Blinder. “You’d get too high inflation because there’s the temptation, among all these politicians, to juice up the economy just before elections.”
For Fed Up organizers, though, Yellen’s meeting with them last Friday is not a sign she’s identifying with either party, but that the Fed can be, in the words of the Kansas City Rev. Stanley Runnels, of Communities Creating Opportunity, “an unconventional source of hope” for millions of Americans.
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Telemundo – July 21, 2013 - Indocumentados en NYC podrán contar con un abogado sin pagar honorarios. ...
Telemundo – July 21, 2013 - Indocumentados en NYC podrán contar con un abogado sin pagar honorarios.
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Downtown Protest Held Over Racial Disparity in Employment
KMOV St. Louis - March 5, 2015, by Steve Savard - About 12 people rallied outside the Federal Reserve Bank of St. Louis...
KMOV St. Louis - March 5, 2015, by Steve Savard - About 12 people rallied outside the Federal Reserve Bank of St. Louis Thursday to protest the racial disparity in employment in the St. Louis region.
White unemployment in the St. Louis area is 5.7 percent, African American unemployment is 14.1 percent. Organizers said they want the Fed to adopt policies focused on getting more people get back to work.
“It’s not easy getting a job, when you are qualified even when you look the part,” one demonstrator said.
Organizers said the story of one attendee demonstrates the problem.
“When you do get the job, it’s something to get you buy, but it’s not a livable wage,” Ray Rounds said.
Rounds said he left a low paying job to go back to school at the Green Technology Training Program at St. Louis University.
“I’m certified in lead remediation, mold, asbestos, permit required confined spaces, hazardous material. I’ve got 17 of those certificates I was really proud of and I was ready to go to work,” Rounds said.
Rounds said he has not been able to land a job in the two years since he finished school.
“It’s pretty frustrating because with all I thought that I had accomplished. It’s meaningless because there are no jobs,” Rounds said.
Rounds has been attending rallies, working with churches and other organizations to try and make a difference. He hopes the contacts he has made will help him land a job.
Demonstrators also said they want to see more diversity on the Federal Reserve Board.
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GOP accuses Dems of stalling Kavanaugh over document requests
GOP accuses Dems of stalling Kavanaugh over document requests
Jennifer Epps-Addison, network president at the grassroots Center for Popular Democracy, stressed that public access to...
Jennifer Epps-Addison, network president at the grassroots Center for Popular Democracy, stressed that public access to Kavanaugh's legal opinions and documents from his time in the Bush administration is "the bare minimum of transparency Americans should expect before confirming a Supreme Court nominee."
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Austin becomes first city in the South to mandate paid sick leave
Austin becomes first city in the South to mandate paid sick leave
But Austin’s paid sick leave vote has implications for many other areas. Sarah Johnson, the co-executive director of...
But Austin’s paid sick leave vote has implications for many other areas. Sarah Johnson, the co-executive director of Local Progress, an organization that has worked to help Austin’s paid sick leave efforts advance, told ThinkProgress that the wider region stands to benefit from the city’s example.
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Is There Such a Thing as Healing after Ferguson?
Fusion - August 27, 2014, by Alicia Menendez - Earlier this week, the family of Michael Brown held a funeral for their...
Fusion - August 27, 2014, by Alicia Menendez - Earlier this week, the family of Michael Brown held a funeral for their son. The funeral was attended by the families of Emmet Till, Trayvon Martin, Sean Bell, Oscar Grant and Jordan Davis. Their stories are all similar, so why does this keep happening?
Fusion's Alicia Menendez spoke with CPD's Policy Advocate Josie Duffy about the way the media portrays black men. As peace returns to Ferguson, the question is: How does the community begin to heal?
Senator Jeff Flake won't make an ultimatum on DACA and tax bill
Senator Jeff Flake won't make an ultimatum on DACA and tax bill
In a video posted to Twitter Thursday night, Arizona Senator Jeff Flake appears on an airplane discussing the...
In a video posted to Twitter Thursday night, Arizona Senator Jeff Flake appears on an airplane discussing the controversial tax reform bill and explaining why he won't force an ultimatum on a program for immigrant youth.
Watch the video and read the full article here.
Black Lives Matter might get a big cash injection from liberal mega-donors
Black Lives Matter might get a big cash injection from liberal mega-donors
An elite liberal donor group that has given away more than $500 million is now considering funding the ...
An elite liberal donor group that has given away more than $500 million is now considering funding the Black Lives Matter movement, Politico reports. Activist leaders of groups like the Black Youth Project 100, The Center for Popular Democracy, and the Black Civic Engagement Fund will be featured guests at a Tuesday fundraising dinner of The Democracy Alliance.
Although the civil rights messages of Black Lives Matter fall in line with the values of the Democracy Alliance, some question if the group's confrontational activism, such as shutting down freeways, might alienate the rich donors. DA President Gara LaMarche, for one, admits it might be an issue — but he isn't too worried: "We have a wide range of human beings and different temperaments and approaches in the DA, so it's quite possible that there are people who are a little concerned, as well as people who are curious or are supportive... we'll take stock of that and see where it might lead."
While funding could mean a significant boost toward building a more cohesive architecture for the Black Lives Matter movement, some activists value the group's independence over the allure of big money. And although the Democracy Alliance is left-leaning and separate from the Democratic Party, there's the additional problem of Black Lives Matter activists asking inconvenient questions of presidential candidates Hillary Clinton and Bernie Sanders.
Still, that doesn't deter everyone. "The progressive donor world should be adding zeroes to their contributions that support this transformative movement," Steve Phillips, a Democracy Alliance contributor, said.
Source: The Week
New Layers of Dirt on Charter Schools
New Layers of Dirt on Charter Schools
The commentary you find at BuzzFlash and Truthout can only be published because of readers like you. Click here to join...
The commentary you find at BuzzFlash and Truthout can only be published because of readers like you. Click here to join the thousands of people who have donated so far.
An earlier review identified the "Three Big Sins of Charter Schools": fraud, a lack of transparency, and the exclusion of unwanted students. The evidence against charters continues to grow. Yet except for its reporting on a few egregious examples of charter malfeasance and failure, the mainstream media continues to echo the sentiments of privatization-loving billionaires who believe their wealth somehow equates to educational wisdom.
The Wall Street Journal, in its misinformed way, says that the turnaround of public schools requires "increasing options for parents, from magnet to charter schools." Wrong. As the NAACP affirms, our nation needs "free, high-quality, fully and equitably-funded public education for all children." For all children, not just a select few.
The NAACP has called for a moratorium on charter schools. And Diane Ravitch makes a crucial point: "Would [corporate reformers] still be able to call themselves leaders of the civil rights issue of our time if the NAACP disagreed with their aggressive efforts to privatize public schools?"
Here are the four big sins of charter schools, updated by a surge of new evidence:
1. Starve the Beast
Corporate-controlled spokesgroups ALEC, US Chamber of Commerce, and Americans for Prosperity are drooling over school privatization and automated classrooms, with a formula described by The Nation: "Use standardized tests to declare dozens of poor schools 'persistently failing'; put these under the control of a special unelected authority; and then have that authority replace the public schools with charters." But as aptly expressed by Jeff Bryant, "As a public school loses a percentage of its students to charters, the school can’t simply cut fixed costs for things like transportation and physical plant proportionally...So instead, the school cuts a program or support service."
It's an insidious and ongoing process, aided and abetted by business-friendly mainstream media outlets, to convince Americans that "every family for itself" is better than the mutual support and cooperation of a public school system.
2. Cream and Segregate and Discard
Urban charter schools primarily enroll low-income minority students. That seems admirable upon first reflection, but selective admissions of the best students from ANY community will make an individual school look good, leading to the belief that the concept will work on a larger scale. Success is much harder to achieve if a school accommodates special needs and English-learner students.
Numerous sources reveal the high degree of segregation in charter schools -- white or black, and by income and special need.
As expressed in the report "Failing the Test," "School choice is just that — except that charter schools are doing the choosing instead of communities."
It gets worse. Prominent New York charter network Success Academy has been accused of "counseling out" students who are low-performing or disruptive or otherwise difficult to teach. Even worse are charters that shut down, stranding hundreds of students, while their business operators can just move on to their next project. Nearly 2,500 charter schools closed their doors from 2001 to 2013, leaving over a quarter of a million kids temporarily without a school.
3. Scream 'Public' to Get Tax Money, Plead 'Private' to Hide Salary Data
Charter schools are increasingly run by private companies, or by private trusts. The National Labor Relations Board affirms that charters are private, not public.
As private entities, they are unregulated and lacking in transparency, and, as concluded by the Center for Media and Democracy, they have become a "black hole" into which the federal government has dumped an outrageous $3.7 billion over two decades with little accountability to the public.
4. Engage in "Fraud, Waste, Abuse, and Mismanagement"
That's how the Center for Popular Democracy describes charter performance in 2015, during which the schools wasted an estimated $1.4 billion of taxpayer money. The fraud is far-reaching, with examples from around the country:
The Department of Education audited 33 charter schools and concluded: "We determined that charter school relationships with CMOs (charter management organizations) posed a significant risk to Department program objectives."
In California, charter performance is so poor that even the National Association of Charter Authorizers is calling on the state to better control the authorization of such schools. At present, there are almost no restrictions on opening a charter school, and existing schools are restrictive in their enrollment policies.
Because of charters, Michigan cities have lost nearly half (46.5%) of their revenue over the past 10 years. Detroit, which is surpassed only by New Orleans in the number of charter students, half of the charter schools perform only as well as, or worse than, traditional public schools. A federal study found an "unreasonably high" number of charters among the lowest-rated public schools in the state.
In Louisiana, according to the Center for Popular Democracy, "charter schools have experienced millions in known losses from fraud and financial mismanagement so far, which is likely just the tip of the iceberg."
According to PR Watch, Florida "has one of the worst records in the nation when it comes to fraud and lack of charter school oversight." Texas has an unknown number of charters housed in churches. Nine charters in Washington remain open despite being declared unconstitutional by the state's Supreme Court.
Ohio might be worst of all. Since the 2006-07 school year, 37 percent of the state's charter schools receiving federal grants have either closed or never opened. An Ohio newspaper reported, "No sector – not local governments, school districts, court systems, public universities or hospitals – misspends tax dollars like charter schools in Ohio."
The Big Picture
Despite student selection advantages, charter schools generally perform no better than public schools, according to the most recent CREDO study and as summarized by the nonpartisan Spencer Foundation and Public Agenda: "There is very little evidence that charter and traditional public schools differ meaningfully in their average impact on students' standardized test performance." As for technology-based schools, the National Alliance for Public Charter Schools admits that "The well-documented, disturbingly low performance by too many full-time virtual charter public schools should serve as a call to action to state leaders and authorizers across the country."
Charter schools have turned our children into the products of businesspeople. Americans need to know how important it is to get the profit motive out of education, and to provide ALL our children the same educational opportunities.
By Paul Buchheit
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6 days ago
6 days ago