La diáspora cambia el enfoque de su apoyo a Puerto Rico
La diáspora cambia el enfoque de su apoyo a Puerto Rico
Había un activismo entre la diáspora puertorriqueña en Estados Unidos, pero era más cultural enfocado en las paradas y...
Había un activismo entre la diáspora puertorriqueña en Estados Unidos, pero era más cultural enfocado en las paradas y en realzar los valores puertorriqueños, pero nada fuerte”, dijo Julio López Varona, portavoz de varias coaliciones de organizaciones puertorriqueñas en Connecticut, Pensilvania, Nueva York, Nueva Jersey, Nevada y Carolina del Norte, entre otros, y quien es portavoz de la organización Centro para la Democracia Popular.
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Activists to Protest at Regional Feds Ahead of Jobs Data
Wall Street Journal - March 3, 2015, by Pedro Nicolaci da Costa - A network of liberal activists is planning a series...
Wall Street Journal - March 3, 2015, by Pedro Nicolaci da Costa - A network of liberal activists is planning a series of small demonstrations outside of several Federal Reserve district banks Thursday, intending to highlight elevated unemployment among minority communities and urging officials not to raise interest rates any time soon.
Fed officials have indicated they plan to lift their benchmark short-term interest rate from near zero, where it has been since late 2008, sometime this year if the economy continues to strengthen as expected.
The activists say the nation’s 5.7% jobless rate understates the underlying weakness of the labor market, pointing to high long-term and black unemployment as symptoms of an economy that is still ailing. The unemployment rate for blacks was 10.3% in January.
“The Federal Reserve has the power–and responsibility–to foster stronger economic conditions that create opportunity for all communities,” the Economic Policy Institute, a liberal Washington think tank backing the demonstrations, said in a statement.
The activists are planning actions outside the regional Fed banks of New York, San Francisco, Kansas City, Philadelphia, Minneapolis, St. Louis, Charlotte, N.C. (home to a branch of the Richmond Fed) and Dallas.
The Labor Department releases its February employment report on Friday.
Becky Moeller, president of the Texas AFL-CIO, said she and other community leaders have been frustrated by what they see as an opaque process for selecting the next Dallas Fed president. The current chief, Richard Fisher, is set to step down March 19.
Ms. Moeller said instead of getting a meeting with members of the Dallas Fed’s board of directors, which is in charge of the search, she and her delegation met with the bank’s general counsel in a session she described as not very helpful.
“This has been a comedy of pass the buck,” she said. “We don’t have a candidate—we’re just trying to talk processes.”
The Dallas Fed said it had recently met with the following groups regarding the search for a new bank president: Texas AFL-CIO, Texas Organizing Project, Jobs With Justice, Fort Worth Building Trades and Ironworkers, Workers Defense Project, Communication Workers of America, Dallas Central Labor Council, Harris County Central Labor Council and American Federation of Teachers.
“We had a productive conversation with representatives from these groups,” said James Hoard, a spokesman for the Dallas Fed. “We were interested in hearing their views on the selection of a new Dallas Fed president, and hope we were able to provide useful information to them, as well.”
The Center for Popular Democracy and the Fed Up Coalition, the umbrella groups coordinating the protests, expressed dismay at the lack of transparency in the selection of Patrick Harker as the new Philadelphia Fed President.
“Despite repeated requests from community, consumer, labor and academic organizations and public officials within the region, the Philadelphia Fed refused to create any mechanisms for engagement with the public,” said Kendra Brooks of Action United in Philadelphia.
“Instead, the process was entirely opaque: nobody outside of the Federal Reserve knew who the candidates were or what the criteria were for selection. This process did a disservice to the Federal Reserve System and the people of the Philadelphia region.”
The Philadelphia Fed said in response: “Several of our staff members did meet with members from Action United to hear their concerns. The Philadelphia Fed also provided them the opportunity to provide names of potential candidates to our executive search firm.”
The same group of activists showed up at the Kansas City Fed’s annual Jackson Hole symposium last summer and held a meeting with Janet Yellen at the Fed in November.
Last week, Ms. Yellen met with a group of conservative activists who argued the Fed’s low-rate policies were hurting rather than boosting employment.
The Great Recession has brought increased political scrutiny on the Fed, with prominent Republican and Democratic politicians calling for various changes in the central bank’s governance.
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Activists Push the Democrats for Real Solutions on Climate Change
Activists Push the Democrats for Real Solutions on Climate Change
There might be no issue that splits so neatly along party lines as climate change. While Democrats have all but...
There might be no issue that splits so neatly along party lines as climate change. While Democrats have all but consensed on the existence of man-made global warming, Republicans have staked out their place as the party of denial. But with climate-fueled chaos on the horizon, trumping Trump’s climate plan may not be enough to stave off the end of the world as we know it—and progressive activists are looking for more ambition on their side of the aisle.
First, the bad. At this year’s Republican National Convention, the GOP’s drive to drill baby drill toward an “all of the above” energy policy yielded chilling results.
Take the GOP’s climate and energy platform, an extremist document—even for them—that calls for more pipelines, a cancellation of the Clean Power Plan, the United States’ total withdrawal from the Paris climate agreement and the end of the EPA’s ability to regulate carbon dioxide and just about anything else, morphing it into “an independent [and toothless] bipartisan commission.”
Others fused energy policy with Trumpian law-and-order nationalism: “Every onerous regulation puts American lives at risk,” Harold Hamm, a fracking mogul and Trump’s pick for energy secretary, said Wednesday. “Developing America’s own oil supply is a matter of national security.”
And official RNC proceedings were dotted with panels on energy sponsored by the likes of the American Petroleum Institute, a lobbying outfit for the fossil fuel industry. At one such event, Congressman Marsha Blackburn (R-TN) voiced a myth popular among her colleagues: “The earth is no longer warming, and has not for the about past 13 years, in fact it has begun to cool.”
Squared with any climate science worth its peer review, the GOP’s plan is a recipe for literal disaster. This year will likely be the hottest on record, and recent research shows that thanks to ramped-up melting, Greenland lost a trillion tons of ice from 2011 to 2014.
Rising temperatures could cost the global economy some $2 trillion by 2030, around the time when coastal cities might become virtually uninhabitable. By stripping the government of its ability to scale back the emissions fueling these trends, the Republican platform might well kill us all—or at least force us inland.
But is the Democrats’ plan much better? When it comes to climate change, there’s precious little time for lesser evils; the physics—as scientists are quick to tell us—has put humanity on a deadline. Next week, thousands will converge on the Democratic National Convention to enforce it.
Articulating climate change as “an urgent threat and a defining challenge of our time,” the Democratic platform sets out a series of ambitious goals on climate for the next half-century: a full transition to clean energy by 2050, creating millions of well-paying green jobs, fulfilling the Paris Agreement for a 1.5 degree Celsius global cap on warming, pricing both carbon and methane, and abandoning the “all of the above” stance Democrats wrote into their platform in 2012.
The issue, climate organizers say, is that the plan says next to nothing about how to get there. Though the platform benefitted from input of climate hawks like Bill McKibben, Keith Ellison and Cornel West, many of the strongest environmental protections brought up in the drafting process were struck down. Food and Water Watch National Organizing Director Mark Schlosberg noted that, among other shortcomings, the document failed to ban fracking, reject the Trans-Pacific Partnership or commit to keeping fossil fuels buried.
Not only that, but Clinton’s staffers have made pains to distinguish the party’s plans from her own, which are focused largely on market-based clean energy incentives and a handful of regulations. If the Democrats’ own nominee won’t champion her party’s policy slate, pushing beyond it will be no easy task.
Despite its flaws, the Democrats’ platform remains the most ambitious the party has produced to date. But meeting its relatively lofty benchmarks would require rapid cuts to current fossil fuel use, and a virtual moratorium on new pipelines, drilling projects, coal-fired power plants and fuel export terminals—none of which are included to sufficient degree in either the document or Clinton’s own agenda. Even if every national commitment outlined in the Paris Agreement is met, the world is still on track for around 3 degrees of warming. A recent report from Nature, moreover, finds that “the window for limiting warming to below 1.5 C … seems to have closed.” Meeting that now, researchers say, would require the use of some magically efficient (and currently non-existent) technology to suck carbon out of the atmosphere.
The Democrats’ platform, Schlosberg explains, “Contains some good language [on climate change] … and calls for a World War II-scale mobilization to address it. But the rest of the platform doesn’t live up to what is necessary to implement that. …
“We need to put forward an affirmative vision of what [a low-carbon world] should look like,” he adds, “not just what we can bargain for.”
Party platforms, at day’s end, are symbolic documents—more of a temperature gauge on the party’s mainstream than a commitment that it will do what it says. Even the “strongest climate change platform ever,” as the Guardian called the Democrats’ plan, leaves a dangerous gap between science and policy.
That’s part of the reason why—on Sunday—Food and Water Watch, with the support of some 900 sponsoring organizations, is hosting a March for a Clean Energy Revolution through downtown Philadelphia, just hours before the convention is set to begin. Joined by the Center for Popular Democracy, National Nurses United, the Labor Network for Sustainability and others, the march will invite thousands to call for everything from a ban on fracking to keeping fossil fuels underground.
Also on the ground next week will be Nay’Chelle Harris, a member of Missourians Organizing for Reform and Empowerment (MORE) and something called the It Takes Root People’s Caravan. A redux, of sorts, of a delegation of organizers who attended the Paris climate talks back in December, the caravan has been bringing together “grassroots Indigenous, Latin@, Black, Asian, Muslim and working class white organizers from around the country” to plan and support actions in Cleveland, Philadelphia and points in between.
This week they joined the immigrant rights’ group Mijente outside the RNC to “wall off Trump,” and in Philly will participate in actions to shut down an immigration detention center and stop the expansion of a South Philadelphia oil refinery. Like Harris, many “caravanistas” work at the intersections of racial, immigration and climate justice. They kicked off their trip with a Pledge of Resistance “to stand against the racism, misogyny and hateful and xenophobic policies being put forth at the Republican National Convention.” Climate justice, they say, won’t come without victory on other fronts as well.
Having first gotten involved in MORE’s campaign against coal company Peabody Energy as a student at Washington University in St. Louis, Harris started devoting more time to the group after Michael Brown’s killing in nearby Ferguson in the summer of 2014. MORE provided jail support to protesters arrested in Ferguson that summer, and since then has worked on a project mapping out the connections between St. Louis power brokers—including Peabody Energy, headquartered there—and the city’s police department. “Power Behind the Police,” as the project is known, looks to target the “St. Louis 1%” while building out a people’s agenda for a just transition away from fossil fuels and police violence alike.
“We need to confront the GOP, and confront Trump and his rhetoric,” Harris told me by phone from Cleveland. “But we also need to confront the DNC—they have been pushing militarism, they have been pushing market-based, false solutions to climate change. They haven’t shown real dedication to ending violence against black people.” Carbon taxes and trading schemes have been a favorite not just of progressives but also free market ideologues, whose proposed version of the carbon tax would swap corporate regulations for a price on oil and coal. (Former Bush economist N. Gregory Mankiw is a fan of the idea, along with ExxonMobil.) Many in the caravan, on the other hand, see such elite-driven, market-based proposals as a cynical way to stave off the kinds of strong regulations that might actually put a dent in the fossil fuel industry’s business model, and protect communities on extraction’s frontlines.
Schlosberg and Harris each said that taking on such false solutions, and securing a better climate plan, would take more coordination among movements across issues. Harris joins many millennials, too, in her frustration with politics as usual as a path toward that, saying she “doesn’t feel beholden to the Democratic Party.” But she is also part of a tide of grassroots organizers who see electoral fights as a field of struggle in pushing movements’ demands, along with mobilizations and other forms of pressure from outside of formal politics—like demonstrations happening in Philadelphia next week.
“We can’t depend on the political system,” Harris told In These Times. “But that doesn’t mean we shouldn’t use every avenue for change we have at our disposal.” She referenced two local St. Louis politicians—Democrats Megan Green and Rasheen Aldridge—as examples of what it looks like for officials to run on platforms and govern on platforms that are accountable to activists. Green, an alderwoman, and Aldridge—now running for Democratic Committeeman in the city’s fifth ward—have each used their campaigns to push for demands brought forth by the movement for black lives and Fight for $15.
“I don’t think anyone should consider a party to be their savior,” Harris added, whether it’s the Democrats or the Green Party. “What matters now is people power.”
By KATE ARONOFF
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Community activists and others file legal opposition to NYPD body cam policy
Community activists and others file legal opposition to NYPD body cam policy
The New York Police Department’s body camera program launched this week, but not without a fight from activists. Last...
The New York Police Department’s body camera program launched this week, but not without a fight from activists.
Last week, Communities United for Police Reform and other community groups filed a legal opposition to the NYPD’s then-proposed policy. Submitted to Judge Analisa Torres, they wanted to halt the program’s rollout. The community groups, along with entities like The Center for Constitutional Rights, believe the language of the program renders the concept of body cameras for cops meaningless.
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Time to have another discussion on the race problem
Time to have another discussion on the race problem
Many years ago, I was fortunate to take a black history class at University of Dayton. In that era, we were referred...
Many years ago, I was fortunate to take a black history class at University of Dayton. In that era, we were referred to as black. The one thing I remember is that the black female teacher kept telling her students, “There is no racial problem in the USA, there is an economic problem.”
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Battleground Texas: Progressive Cities Fight Back Against Anti-Immigrant, Right-Wing Forces
Battleground Texas: Progressive Cities Fight Back Against Anti-Immigrant, Right-Wing Forces
Sarah Johnson, the executive director of Local Progress, a group that works with Casar and other local politicians on...
Sarah Johnson, the executive director of Local Progress, a group that works with Casar and other local politicians on passing progressive legislation, told Salon that the initiative "brings together the way that policing impacts both immigrant communities and more broadly communities of color that are overcriminalized."
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Elevated Level of Part-Time Employment: Post-Recession Norm?
Wall Street Journal - November 12, 2014, by Nick Timiraos - Nearly 7 million Americans are stuck in part-time jobs that...
Wall Street Journal - November 12, 2014, by Nick Timiraos - Nearly 7 million Americans are stuck in part-time jobs that they don’t want.
The unemployment rate has fallen sharply over the past year, but that improvement is masking a still-bleak picture for millions of workers who say they can’t find full-time jobs.
Martina Morgan is deciding which bills to skip after her hours fell at Ikea in Renton, Wash. Sandra Sok says she’s been unable to consistently get full-time hours after she transferred to a Wal-Mart in Arizona from one in Colorado.
In Chicago, Jessica Davis is frustrated by her schedule dwindling to 23 hours a week at a McDonald’s even though her location has been hiring. “How can you not get people more hours but you hire more employees?” the 26-year-old Ms. Davis said.
The situation of these so-called involuntary part-time workers—those who would prefer to work more than 34 hours a week—has economists puzzling over whether a higher level of part-time employment might be a permanent legacy of the great recession. If so, it could force more workers to choose between underemployment or working multiple jobs to make ends meet, leading to less income growth and weaker discretionary spending.
Employers added some 3.3 million full-time workers over the past year, but the number of full-time workers in the U.S. is still around 2 million shy of the level before the recession began in 2007. Meanwhile, the ranks of workers who are part time for economic reasons has fallen by 740,000 this year to around 4.5% of the civilian workforce. That is down from a high of 5.9% in 2010 but remains well above the 2.7% average in the decade preceding the recession.
“There’s just less full-time jobs available than there used to be,” said Michelle Girard, chief economist at RBS Securities Inc.
The slow decline in part-time work is particularly acute when broken out by industries. For the retail and hospitality sectors, the number of involuntary part-time workers in October was nearly double its prerecession level. For construction, mining and manufacturing work, by contrast, the share of such part-time labor was just 9% above its pre-recession level.
Other data show that the ability of part-time service workers to find full-time work has been much slower during the current recovery. In goods-producing industries, around two-thirds of involuntary part-time workers in July 2013 had found full-time employment by July 2014, up from 60% in 2009, according to a study by the Federal Reserve Bank of Atlanta. But for service-sector workers, the rate has seen little improvement. Around 48% of involuntary part-time workers in July 2013 had found full-time work one year later, up from around 46% in 2009.
An important question for policy makers now is whether the elevated level of involuntary part-time work is due to cyclical factors, meaning it will fall as the economy heals, or to structural changes that have made employers more inclined to rely on a larger contingent workforce and avoid converting part-time workers to full-time positions.
On one side are economists like Ms. Girard, who say greater economic uncertainty and rising labor costs—from increases in the minimum wage, regulations or health-care expenses stemming from the Affordable Care Act—explain higher levels of part-time work. “There is a structural element to this at the very least,” she said.
The health-care law requires employers with 50 or more full-time equivalent workers to offer affordable insurance to employees working 30 or more hours a week or face fines. “Companies are just more inclined to hire part-time workers, not necessarily because of the health-care law, but for business reasons that make it a more attractive option,” Ms. Girard said.
Anecdotal reports have suggested employers have cut hours to prepare for the implementation of the health-care law, but that hasn’t been borne out by economic data.
An analysis by Bowen Garrett of the Urban Institute and Robert Kaestner at the University of Illinois at Chicago found a small increase in part-time work this year, but the increase occurred for part-time jobs with between 30 and 34 hours—above the 30-hour threshold that would be affected by the health-care law.
Other economists say higher levels of involuntary part-time work are mostly cyclical. Businesses don’t appear to be paying part-time workers more than full-time workers; that would be one clear sign of a shift in hiring preferences.
Elevated levels of involuntary part-time work in service jobs may reflect how low-wage employers ramped up hiring earlier in the recovery. More recently, the sector has absorbed those returning to work after long unemployment spells.
Part-time work in service jobs is “a stepping stone for the unemployed and for people out of the labor force,” said Adam Ozimek, an economist at Moody’s Analytics. Labor markets are “improving in just the way you would expect.”
Labor advocates, meanwhile, say technological changes in how businesses schedule employees are at fault. Software allows employers to schedule and cancel shifts rapidly based on business conditions.
Carrie Gleason, the director of the Fair Workweek Initiative at the Center for Popular Democracy, a labor advocacy group, said that could explain why more part-time workers say they want full-time work. “There’s now this persistent uncertainty in the jobs that hourly workers have today,” she said.
“I need to spend some time with my kids,” said Ms. Morgan, 32. “Two jobs? It’s too much.”
Ikea employees are guaranteed a minimum amount of hours every week. Those that can work “during peak times when our customers are in our stores have the opportunity to obtain more hours,” said Mona Liss, a company spokeswoman. The company in June also announced it would raise the average minimum hourly wage in its U.S. stores next year by 17%.
Meanwhile, the structural-cyclical debate has important implications for the Federal Reserve. If the changes are structural, wages might begin to rise sooner than expected, putting more pressure on the Fed to raise interest rates. If they’re cyclical, it would suggest that Fed policy can remain accommodative.
Fed Chairwoman Janet Yellen routinely highlights the elevated level of part-time work as a key measure of labor slack. “There are still ... too many who are working part-time but would prefer full-time work,” she said at a press conference in September.
Business surveys conducted by the Atlanta Fed have shown there are more part-time workers because “business conditions don’t justify converting them to full time,” said John Robertson, senior economist at the bank. But other businesses have said their reliance on a larger part-time workforce stemmed from the higher costs of hiring full-time workers.
“It would be wrong to say it’s all cyclical, and it would be wrong to say it’s all structural,” Mr. Robertson said. “We’re somewhere in the middle.”
Ulyses Coatl illustrates how any improvement might unfold. He worked for two years as a stylist at a Levi’s apparel store in lower Manhattan but quit his job in September because the hours had become too unpredictable. His schedule varied from as many as 34 hours a week to four hours, but had averaged around 18 hours in recent weeks, he said.
A Levi’s spokeswoman said the company is “always looking at ways to improve retail productivity, including store labor models and processes” that conform to “industry best practices.”
Wal-Mart says the majority of its workforce is full time, and the share of part-time workers has stayed about the same over the past decade. A spokeswoman said store employees can view all of the open shifts in their store, and that there are full-time positions available in the store at which Ms. Sok works.
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Castro moves to stop VP fire from the left
Castro moves to stop VP fire from the left
Targeted by progressive activists hoping to kill his chances of being Hillary Clinton’s running mate, Julián Castro is...
Targeted by progressive activists hoping to kill his chances of being Hillary Clinton’s running mate, Julián Castro is set this week to announce changes to a hot-button Housing and Urban Development program to sell bad mortgages on its books.
The changes, which HUD officials will brief stakeholders and activists on during a conference call on Monday, could be made public as early as Tuesday — depending on when department lawyers give the green light to publishing them in the Federal Register.
But they won’t take effect before the next auction of HUD mortgages, scheduled for May 18.
Castro’s actions could potentially defuse an issue that activists have been using to question his progressive credentials — and he’ll be doing it at the moment the running mate search has begun to get serious at Clinton campaign headquarters.
Among the changes, according to people with knowledge of what’s coming: The Federal Housing Authority will put out a new plan requiring investors to offer principal reduction for all occupied loans, start a new requirement that all loan modifications be fixed for at least five years and limit any subsequent increase to 1 percent per year, and create a “walk-away prohibition” to block any purchaser of single-family mortgages from abandoning lower-value properties in the hopes of preventing neighborhood blight.
HUD officials say that the timing isn’t a response to the activist pressure or the presidential campaign calendar.
“It has always been our goal to get the policy right, regardless of arbitrary deadlines, and we expect to announce those changes this week,” said HUD press secretary Cameron French.
But the changes come after two years of calls by activists — joined last September by Sen. Elizabeth Warren (D-Mass.) — for major reforms to the Distressed Asset Stabilization Program. Their calculations — numbers that HUD says are way off — allege that during Castro’s tenure, 98 percent of problematic mortgages the department has sold went to Wall Street firms that they say were responsible for the housing crisis in the first place.
With the backdrop of a Democratic Party recalibrated by Bernie Sanders’ surprisingly strong candidacy, activists were preparing a full offensive against Castro this week, looking to leverage his political ambitions against him to extract major concessions.
Last Thursday, activists sent an ultimatum letter to HUD titled, “Seeking swift changes to HUD's DASP program,” and demanding response within 24 hours. They had set up a national day of action for Tuesday, with protests scheduled at HUD offices in New York, Philadelphia, Los Angeles and San Francisco, along with a news conference at Newark City Hall — which remains on for now, pending whether they feel HUD has gone far enough in what the agency tells stakeholders on Monday afternoon.
“I would say we’re cautiously optimistic, but we don’t know, and what we need to see is a plan that will lead to substantially more mortgages not getting into the hands of bad actors and saving more homes from foreclosure,” said Amy Schur, campaign director for the Alliance of Californians for Community Empowerment, on Sunday afternoon. “Unless we see that, it’s going to be a problem.”
Schur has been in touch with HUD regularly over the course of the past two years, and in recent weeks when the conversations stepped up after the activists fired a warning shot against Castro by launching a public effort built around the website DontSellOurHomestoWallStreet.org.
That first attack on Castro in early April prompted a number of leaders to rush to his defense — some because they felt the criticisms were unfair, others because they were eager to protect the future of arguably the most promising Latino rising star in the Democratic Party.
“Some of y’all may have seen recently concerns that were voiced about DASP,” Castro said last week in an appearance at a National Association of Realtors event teasing the changes.
“We’re improving that and have been working to do that to ensure that folks are able to stay in their homes longer because they’re offered principal reduction in certain instances,” Castro said, “that we get better outcomes for neighborhoods by making sure that folks who secure those loans aren’t able to just walk away from those properties and by instituting something that we refer to [as] ‘payment shock protection’ to make sure that once payments are modified that they don’t just jump up a couple years later.”
Other members of the coalition and signatories on the ultimatum letter are American Family Voices, the Center for Popular Democracy Action, Daily Kos, Democracy for America, MoveOn.org Civic Action, New York Communities for Change, Other 98% Action, Presente.org, RootsAction.org, the Rootstrikers Project at Demand Progress and the Working Families Party.
Schur said that she and others are hoping that HUD will include some method of incentivizing mortgage sales through early bidding or favorable rates to nonprofits and neighborhood groups, rather than the Wall Street firms that have bought many of the mortgages. They feel that large financial institutions don’t care about the effect on neighborhoods from letting properties go vacant or decline, or of overwhelming homeowners with liabilities — though many argue that the reason these institutions buy so many of the mortgages is that they are the only ones that have the capital and management capability to handle the purchases.
“Where we would like to be with HUD is partnering to roll out a positive program in our cities across the country,” Schur said. “We’d rather be doing that than protesting. But if the changes are insufficient and this program is going to continue to be almost a wholesale giveaway to speculators, we’re going to have to keep the pressure up. We’re not going to have a choice.”
HUD officials point out that the May 18 auction isn’t for the DASP program and call the complaints surrounding that unfair. It is for different mortgages, called an “aged loan sale,” scheduled before these reforms were far along. No DASP auction has been set yet for 2016, and reconsideration of the program, according to French, has been underway since the most recent DASP auction, at the end of last year.
“Since 2014, FHA has made changes to the DASP program before every sale. FHA has been working on the latest round of changes to the DASP program for months, and, in our desire to be as comprehensive as possible, we’ve engaged a broad group of stakeholders on the potential reforms that would make the most impact for distressed homeowners,” French said.
Activists had been growing frustrated with the pace and substance of the conversations with HUD, and HUD officials have been losing patience with them as well, feeling that the activists are out for attention and landing on Castro simply because his name is in the running mate mix.
And, well aware that this is a critical political moment for Castro, activists warn that they’re ready to keep after him until the Democratic convention in July, and beyond that if he is Clinton’s pick.
“We would all love for the secretary to really come through in a big way, but housing activists and folks in our neighborhoods are not going to stop when our neighborhoods are being sold off to Wall Street. There has to be a major, major change,” said Jonathan Westin, director of New York Communities for Change. “Folks are completely ready to keep pushing.”
By Edward-Isaac Dovere
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Activists Counter Federal Reserve Gathering With Push Against Interest Rate Hikes
The two-day event, ...
The two-day event, Whose Recovery: A National Convening on Inequality, Race, and the Federal Reserve, is organized by the Fed Up campaign, a coalition of groups led by the nonprofit Center for Popular Democracy. It serves as a counter-conference to the annual Federal Reserve Bank of Kansas City symposium, where Fed officials come together to discuss monetary policy -- and which is currently taking place at the same resort as the Fed Up gathering.
Fed Up’s member organizations brought over 100 primarily low-income grassroots activists from across the country for the gathering. It's a dramatic increase from its inaugural visit to Jackson Hole last year, when the campaign brought a group of 10 activists.
The size of Fed Up’s delegation of activists and presence of prominent economists -- including Nobel laureate Joseph Stiglitz -- attests to the rapid growth of a once-unlikely campaign that began just a year ago. Fed Up has managed to turn the esoteric issue of central bank interest rates into a key element of the progressive agenda -- and a rallying cry for low-income workers.
Rod Adams, a recent college graduate from Minneapolis, said he was attending the convention because he was disappointed in the job market. Despite his college degree, he currently makes $10.10 an hour working at the Mall of America.
“I have seen Wall Street’s recovery and corporate America’s recovery -- where is ours?” Adams demanded, eliciting cheers at a spirited press conference outside the Jackson Lake Lodge on Thursday.
The activists oppose the Federal Reserve increasing interest rates before the economy creates enough jobs to generate substantial wage growth for all workers. They believe that a premature interest rate hike would be especially harmful to workers in communities of color, who continue to suffer higher rates of unemployment than the overall population. Activists say this is partly the result of discrimination in the job market. Fed Up released a report on Thursday that uses original data to show that if there was the same low unemployment rate in every community in America, African-Americans and American Indians would experience the largest income gains.
The delegation plans to present officials attending the exclusive Fed symposium with an online petition opposing an interest rate hike that bears 110,000 signatures. The petition effort was the result of Fed Up's collaboration earlier this month with online progressive heavyweights including CREDO Action, Daily Kos, the Working Families Organization and Demand Progress. Robert Reich, former secretary of labor and an economist at the University of California, Berkeley, gave the petition drive a high-profile boost with a popular video promoting the effort.
A similar petition that Fed Up brought last year had 10,000 signatures.
The Kansas City Federal Reserve Bank, which convenes the annual Jackson Hole symposium for Fed officials, declined to comment on this year's parallel protest conference.
Kansas City Fed President Esther George met with Fed Up activists during last year's symposium.
Janet Yellen, chair of the Federal Reserve Board of Governors, is not attending this year's symposium, precluding even the possibility of an impromptu encounter with protesters.
“Janet Yellen is missing a great opportunity to see what real people look like,” Adams said. “We are not data on a spreadsheet.”
Proponents of a Federal Reserve interest rate hike in the near future argue that the Fed should begin raising rates to prevent excessive price and asset inflation. The Fed has a dual mandate to maintain full employment and stable price inflation.
William Dudley, president of the Federal Reserve Bank of New York, signaled on Wednesday that they would postpone an interest rate hike that Fed officials had previously indicated would occur in September. Dudley said turmoil in China and other emerging market economies that sparked massive swings in the U.S. stock market earlier in the week made a September rate hike “less compelling.”
Josh Bivens, the progressive Economic Policy Institute’s research and policy director, applauded the Fed’s move away from an interest rate hike, but said the reason for the Fed’s decision confirmed the need for more grassroots activism.
“A week ago the case against raising rates for the labor market was clear as day, but all of a sudden when wealthy people lost money in the stock market the tide turned against a rate increase,” Bivens said at Thursday's press conference. “I’m happy rates are less likely to go up because of that, but it is a terrible reason.”
Source: Huffington Post
REPORT: Milwaukee School Discipline Guidelines Disproportionately Target Black and Latinx Students
REPORT: Milwaukee School Discipline Guidelines Disproportionately Target Black and Latinx Students
Despite costing millions of dollars, punitive student discipline strategies implemented by the Milwaukee Police...
Despite costing millions of dollars, punitive student discipline strategies implemented by the Milwaukee Police Department(MPD) over the last decade have failed to improve school safety in the city and have taken a disproportionate toll on students of color, according to a new report from The Center for Popular Democracy and Leaders Igniting Transformation (LIT).
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4 days ago
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