Today we CAN do something to honor Heather Heyer. We can stand up against the hate that killed her.
Today we CAN do something to honor Heather Heyer. We can stand up against the hate that killed her.
We can honor Heather in the same way she stood up for justice and equality. We can rise up against the hate that took...
We can honor Heather in the same way she stood up for justice and equality. We can rise up against the hate that took her life and that targets even more of our fellow Americans. There are events taking place all across the country today against the hate and violence on display in Charlottesville this weekend. Find one and be there. If you can’t, please help spread the word so others may do so.
Read the full article here.
Immigrants in US illegally see this election as crucial - See more at: http://www.timescolonist.com/immigrants-in-us-illegally-see-this-election-as-crucial-1.2472426#sthash.BroJZxQz.dpuf
Immigrants in US illegally see this election as crucial - See more at: http://www.timescolonist.com/immigrants-in-us-illegally-see-this-election-as-crucial-1.2472426#sthash.BroJZxQz.dpuf
NEW YORK, N.Y. - There was never any doubt Juana Alvarez's 18- and 20-year-old American-born daughters would be taking...
NEW YORK, N.Y. - There was never any doubt Juana Alvarez's 18- and 20-year-old American-born daughters would be taking part in the election this year. Alvarez did her best to see to that.
"I had two people I wanted to get registered and I registered them," Alvarez, a 39-year-old housekeeper in Brooklyn who came to the U.S. from Mexico as a teenager, said through a translator.
For Alvarez and the estimated 11 million other immigrants living illegally in the U.S., this is a potentially crucial election, with Republican Donald Trump talking about mass deportations and a border wall and Democrat Hillary Clinton pledging to support immigration reform and protect President Barack Obama's executive actions on behalf of immigrants.
Come Election Day, these immigrants will be watching from the sidelines, their future in the hands of others. Under the U.S. Constitution, only full citizens can vote; legal immigrants who are green card holders also are not allowed to cast a ballot.
Trump has spoken of fears of election fraud or that immigrants living illegally in the country might vote. More broadly, he has said all immigrants should play by the legal rules.
Alvarez and others like her say although they can't vote, they have been taking part in get-out-the-vote efforts among citizens.
In places like New York, California, Arizona and Virginia, they have been knocking on doors and making telephone calls, registering people, urging them to go to the polls, and telling their stories in hopes of persuading voters to keep the interests of immigrants in mind when they go into the booth.
"For me, it's important that those who can vote come out of the shadows and make their voices heard," Alvarez said.
Isabel Medina, a 43-year-old from Los Angeles who has been in the country illegally for 20 years and has three sons, two born in the U.S., has worked phone banks and taken part in voter registration drives for U.S. citizens, making sure that "even though they're frustrated, they are disappointed, they still realize it is really important, that they know the power that they have in their hands."
She says she emphasized the need to vote for all the races, not just the presidency, and the importance of taking part in referendums and propositions.
Even though these immigrants can't vote, their pre-Election Day efforts make a difference, said Karina Ruiz, 32, of Phoenix, who came to the U.S. illegally from Mexico when she was 15 and is acting executive director of the Arizona Dream Act Coalition, an immigrant-advocacy group that has been doing get-out-the-vote work.
"It is making an impact because those people who wouldn't vote otherwise, when they listen to my story and hear their vote does count and make a difference, they're encouraged to participate and be my voice," said Ruiz, who has a work permit and an exemption from deportation under Obama's Deferred Action for Childhood Arrivals policy. That policy was created by executive order, one that could be undone by any president in the future.
"I think to myself: I could just vote once, if I had the power to," she said. But "if I can influence 50 to 60 people to go ahead and vote, that's my voice multiplied by a whole lot."
As for what will happen after Election Day, "the uncertainty, it is there, I don't know what's going to happen," said Medina, who avoids talking about the election with her U.S.-born sons because she doesn't want them to get scared that their parents might be deported. "I am worried, yes."
By Deepti Hajela
Source
Laid-Off Workers Demand Severance Pay From Equity Firms Behind Toys "R" Us Bankruptcy
Laid-Off Workers Demand Severance Pay From Equity Firms Behind Toys "R" Us Bankruptcy
Today we bring you a conversation with Debbie Beard, an assistant manager at Babies "R" Us in Phoenix, Arizona, and ...
Today we bring you a conversation with Debbie Beard, an assistant manager at Babies "R" Us in Phoenix, Arizona, and Carrie Gleason, director of the Fair Workweek Initiative at the Center for Popular Democracy. They discuss how leveraged buyout of Toys "R" Us hurt tens of thousands of retail workers and how a new campaign is fighting back to demand justice for these employees.
Read the full article here.
Cities Spend More and More on Police. Is It Working?
Cities Spend More and More on Police. Is It Working?
Oakland spent 41 percent of the city's general fund on policing in Fiscal Year 2017. Chicago spent nearly 39 percent,...
Oakland spent 41 percent of the city's general fund on policing in Fiscal Year 2017. Chicago spent nearly 39 percent, Minneapolis almost 36 percent, Houston 35 percent.
The figures reflect an accelerating trend in the past 30 years, as city governments have forked over larger and larger shares of their budgets toward law enforcement at the expense of social services, health care, infrastructure and other types of spending, according to a new report from a network of civil rights groups.
Read the full article here.
Panelists talk immigration policy at CNN documentary screening
Panelists talk immigration policy at CNN documentary screening
Ana María Archila, the co-executive director for the Center of Popular Democracy, said immigrants are frightened and...
Ana María Archila, the co-executive director for the Center of Popular Democracy, said immigrants are frightened and anxious just living their lives and going about their daily routines.
Read the full article here.
Victoria's Secret on-call policy remains under wraps
In the face of a legal challenge in California and a probe by the New York State attorney general, underwear purveyor...
In the face of a legal challenge in California and a probe by the New York State attorney general, underwear purveyor Victoria's Secret is said to have pulled the plug on a controversial labor practice known as on-call scheduling.
BuzzFeed reported the chain informed employees on Monday that it would no longer require its workers be available for shifts that could then be canceled with little notice and zero pay.
Victoria's Secret, one of five brands run by Columbus, Ohio-based L Brands (LB), on Tuesday said it was working on a response to the online publication's story but was not yet ready to do so seven hours after being called for comment.
In addition to Victoria's Secret, L Brands operates Bath and Body Works, La Senza, Victoria's Secret PINK and Henri Bendel. The company rang up $11.5 billion in sales in 2014 and runs nearly 3,000 specialty stores in the U.S.
"It feels like a safe bet to say that Victoria Secret's is feeling pressure," Elianne Farhat, deputy campaign director for the Fair Workweek Initiative at the Center for Popular Democracy, said. "We've seen a growing demand across the country for fair schedules because of the extreme chaos it creates."
Workers and labor activists say on-call scheduling can create havoc for livelihoods and personal lives, with the unpredictable hours making tasks such as taking classes, working another part-time job and covering child care difficult.
The practice of having on-call shifts has historically involved professions including emergency and medical workers, "but they are fairly compensated," Farhat said. "Over the last 10 years, as the retail sector has become the source of many jobs in our economy. It has seen the increased use of on-call scheduling."
If Victoria's Secret is shelving the on-call practice, "they are probably doing it to err on the side of caution, and not spend the time or money litigating the issue," said Los Angeles attorney Laura Reathaford, a partner at Venable who specializes in management-side employment issues. "California is a very employee-friendly state -- it's a very litigious state too."
If the company is indeed discontinuing the system, it would be offering some of what is sought in a lawsuit pending against the retailer in California.
"We're suing to recoup wages, and we're also seeking to put an end to the practice," David Leimbach, an attorney at Marlin & Saltzman, said of the litigation filed on behalf of two former Victoria Secret workers.
The complaint was filed on July 9, 2014, and the proposed class includes all individuals who worked at Victoria's Secret in California from July 9, 2010, to the present. L Brands told the court the proposed class numbered around 20,000, Leimbach said.
The federal judge presiding over the case dismissed the workers' claim that they were entitled to compensation under the state's reporting-time-pay law for on-call shifts for which they did not have to show up for work. But he also granted the two the right to appeal, saying the question of on-call shifts presented a question of law that could go either way.
"I can see the judge's point, no one really showed up, no one took the bus only to turn around and go home," Reathaford said.
"The district court dismissed that one claim, but said it's something the 9th circuit should immediately consider," Leimbach said.
Beyond the pending suit, no-call scheduling is drawing the attention of the New York state attorney general's office, which in April sent letters to 13 retailers, including Victoria's Secret, seeking information about their scheduling practices. A spokesman on Tuesday said the AG's office had no further comment.
And San Francisco next week begins enforcing an ordinance that requires major retailers give at least 24 hours notice to workers when changing or canceling shifts, or give them at least two hours of pay. The measure, which took effect in January, applies to retailers with at least 20 stores worldwide and 20 or more employees in San Francisco.
Source: CBS News
Conyers presses Federal Reserve for more diversity
Conyers presses Federal Reserve for more diversity
Washington — Rep. John Conyers, the longest serving member of Congress, is leading a group of 127 lawmakers who are...
Washington — Rep. John Conyers, the longest serving member of Congress, is leading a group of 127 lawmakers who are urging the Federal Reserve System to add more diversity to its leadership ranks and become more attuned to economic problems in minority communities.
The lawmakers complained that all but one of the 12 Federal Reserve Bank presidents across the nation are white and 10 of them are men. In addition, they said none of the current Federal Reserve presidents are African-American or Latino, and the system has never had a regional president who is black.
“Far too often, the voices of minorities are silenced because they aren’t sitting at the table,” Conyers, the longtime Democrat and African-American Detroiter, said in a statement. “The Federal Reserve needs leadership that models the diversity that exists in this Nation.”
The Federal Reserve has banks in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas and San Francisco. Detroit is part of the Chicago bank.
Conyers said the diversity of the bank’s regional presidents is important to Detroit and other urban cities, however.
“Detroit and cities across the country with high minority populations have the highest unemployment rates and will be harmed if the Federal Reserve does not consider our needs when they make key policy decisions,” he said. “Increasing diversity at the Federal Reserve will help ensure that the needs of people of color, women, labor, and consumers are part of the crucial conversation in our nation’s central bank.”
A spokesman for the Federal Reserve’s Board of Governors said the system has been committed to bolstering diversity and continues to aim for increasing ethnic and gender diversity.
“Minority representation on Reserve Bank and Branch boards has increased from 16 percent in 2010 to 24 percent in 2016,” spokesman Dave Skidmore said in a Thursday statement. “The proportion of women directors has risen from 23 percent to 30 percent over the same period. Currently, 46 percent of all directors are diverse in terms of race and/or gender (with a director who is both female and a minority counted only one time).
“We are striving to continue that progress.”
The letter, which is signed by 116 House members and 11 Senate members, is being spearheaded by Conyers and Sen. Elizabeth Warren, D-Massachusetts.
Other Michigan representatives who signed the letter were Brenda Lawerence, D-Southfield; Sander Levin, D-Royal Oak; Dan Kildee, D-Flint Township; and Debbie Dingell, D-Dearborn. Democratic presidential candidate and U.S. Sen. Bernie Sanders of Vermont was also a signatory.
By Keith Laing
Source
Liberals turn to Fed in populist push
Left-leaning groups and lawmakers are taking their populist economic fight to the Federal Reserve, as they seek to...
Left-leaning groups and lawmakers are taking their populist economic fight to the Federal Reserve, as they seek to exert new influence over key monetary decisions and a pair of vacancies at the central bank.
The Fed has faced heavy criticism from the right for years, but the other side of the aisle is now beginning to publicly push the institution for preferred policies. With Congress and the White House seemingly set to butt heads for the next two years, left-leaning community and labor groups are turning to the Fed in an attempt to get an economic policy boost for middle- and working-class Americans.
“In the face of the fiscal side not being really a realistic option to promote an economic recovery, the most important economic policymaker in the United States is the Federal Reserve,” said Shawn Sebastian, policy advocate for the Center for Popular Democracy.
And after successfully driving President Obama to nominate Janet Yellen to lead the Fed, some Senate Democrats are again pressing the administration about openings at the central bank. Sens. Elizabeth Warren (D-Mass.) and Joe Manchin (D-W.Va.) are vocally calling on Obama to nominate tough-nosed Wall Street watchdogs to fill out two board spots that often are filled by academics or economists.
The resurgence of left-leaning interest in the Fed’s operations further complicates the bank’s efforts to remain above the political fray. The Fed has weathered years of criticism from the right, which argues its unprecedented foray into monetary stimulus after the recession was a recipe for disaster.But now, with the Fed preparing to finally dial back years’ worth of quantitative easing, it’s the other side that is airing concerns. This time, the worry is that the Fed could tighten policy too quickly, even as millions of Americans still are looking for work or grappling with stagnant paychecks.
“I have been concerned for some time that when the Federal Reserve began to tighten policy that they would be subject to considerable pressure from people who don’t want them to do that,” said Donald Kohn, a former Fed vice chairman now with the Brookings Institution.
A host of left-leaning groups, including the AFL-CIO and the Economic Policy Institute, have joined forces to take a populist message directly to the Fed. The groups have protested a central bank powwow in Jackson Hole, Wyo., and have held public protests outside the institution’s headquarters in Washington.
The leftward push on the Fed follows those groups notching a major victory at the central bank in 2013. With Obama reportedly favoring economic adviser Lawrence Summers to replace the outgoing Ben Bernanke as head of the Fed, Democrats on and off Capitol Hill embarked on a concerted campaign to get Yellen nominated for the top job instead.
Democratic lawmakers took the rare step of publicly advocating for Yellen, then the Fed’s vice chairwoman, before a nomination was made, effectively announcing opposition to Summers in the process. Though Obama defended Summers in public, he ultimately deferred to that pressure and nominated Yellen for the job.
Now, Warren and Manchin are hoping to exert more influence, calling on Obama to fill two openings at the seven-member board with tough supervisors who “have a demonstrated commitment to not backing down when they find problems.”
Fed governors are given a 14-year term, so if those two find success on that front, the end result could be a considerable shift in how the central bank operates as a financial regulator. And any new voices would likely receive an open hearing from Yellen, whose background is as an economist, not a regulator.
“My impression is that Chair Yellen is running the system by consensus in a considerable way, she consults widely,” said Kohn.
Since taking the job, Yellen has made a concerted effort to place the Fed’s deliberations within the context of the working class. One of her first acts as the Fed’s new leader was to address at a Chicago event how the central bank hoped to boost jobs, and she has agreed to meet with left-leaning protestors to hear their concerns.
But Yellen’s openness to those new voices is leaving some unsettled.
“There’s a trend here that’s pretty clear and pretty concerning,” said Steven Lonegan, director of monetary policy at American Principles in Action, which advocates for tighter Fed policy, including a return to the gold standard.
“You can’t start manipulating the value of our money because you have a specific political agenda,” he added.
But these new advocates argue the Fed has always been subject to politics. Sebastian argued that Fed officials and those that track Fed policy skew heavily from corporate and banking interests, leaving a “Main Street” voice out of the picture.
“Every person carries political baggage,” he said. “All we’re trying to do is have that conversation reflect reality.”
But even the people behind the new leftward push on the Fed acknowledge advocacy of the publicly mysterious institution is somewhat novel. Conservative criticism of the Fed has been around for years, first helmed by former Rep. Ron Paul (R-Texas), but a more liberal effort for influence has not been seen in decades.
“This is a new space for us,” said Sebastian. “We don’t know what the effect of this type of engagement will be.”
Source: The Hill
Lobbyists Know the Fed Has Political Power
Lobbyists Know the Fed Has Political Power
Your editorial is exactly right about the lack of impartiality with “The Federal Reserve’s Politicians” (Aug. 29)....
Your editorial is exactly right about the lack of impartiality with “The Federal Reserve’s Politicians” (Aug. 29). While created by Congress, the Fed continues to act as though it is completely unaccountable to the people’s representatives.
As I pointed out to Chairwoman Janet Yellen during a congressional hearing last year, her own calendar reflects weekly meetings with political figures and partisan special-interest groups. Even more troubling, there is a long history of Fed chairs or governors serving as partisan figures in the Treasury or the White House before their appointment. So while the Fed is quick to decry any attempts at congressional oversight, it cannot credibly claim to be politically independent.
We need a rules-based monetary policy that doesn’t leave the Fed with the potential to push an ideologically driven agenda. To make the Fed truly free from politics, the Fed Oversight Reform and Modernization Act of 2015, which my colleagues and I have passed through the House, should be signed into law. The American people deserve transparency at the Fed and market-driven monetary policy that can finally restore confidence in our economy.
Rep. Scott Garrett (R., N.J.)
Glen Rock, N.J.
Your editorial accuses Fed Up, a group representing low-income black and brown communities, of politicizing the Fed, when big banks have always had undue access and influence over the Fed’s policies.
In fact, commercial banks literally own the Federal Reserve. Unlike nearly every other central bank in the world, the Fed isn’t a public institution but instead operates as a joint venture with the banking sector. It is not true that as long as this status quo of Wall Street domination continues, then the Fed is “independent,” but when the Fed Up campaign’s low-income people of color dare to join the monetary-policy conversation, then the Fed’s “independence” has been compromised.
You mention that retirees living off their retirement plans are suffering from a decade of near-zero interest rates. Presumably this refers to retirees who might have a hundred thousand or two tucked away for retirement. This is already far more than the low-wage workers who have joined our campaign will be able to accrue over a lifetime of working.
But let’s take the argument at face value. Even if the Fed were to raise interest rates up to 2%, that’s a mere $2,000 on $100,000 savings over a year. That won’t make much of a difference to how well a middle-class retiree lives, but hiking rates to that level prematurely could cut off struggling families—who are disproportionately people of color—from the added jobs and higher wages they so desperately need.
Shawn Sebastian
Fed Up Campaign
Brooklyn, N.Y.
Lobbying the Federal Reserve as if it is a legislature began with the Humphrey-Hawkins legislation and the Federal Reserve Reform Act of 1977. The chair of the Fed became politicized and conflicted as the act included mandated congressional grilling of the Fed chair, who is now required to stabilize prices, moderate long-term interest rates, while at the same time delivering low unemployment. These lofty goals can’t necessarily be simultaneously executed, as Paul Volcker showed so well when he attacked inflation, effectively saying that employment would rise with a solid economy that had price stability.
Mr. Volcker had the courage to take the abuse and address his critics as he followed a logical path and publicly explained it, but successive chairs have gradually focused more on pleasing the president who appointed them.
Rep. Kevin Brady’s idea for a commission to rethink the idea of the Fed is a good start. We now have about 40 years of increasing monetary, fiscal and employment messes, with a paralyzed Fed, unsustainable deficits and underemployment because politics tramples economic common sense.
Larry Stewart
Vienna, Va.
Source
Overnight Finance: Trump keeps up attack on Amazon
Overnight Finance: Trump keeps up attack on Amazon
"We hope that John Williams's tenure as president will not be characterized by the same disregard for the public as his...
"We hope that John Williams's tenure as president will not be characterized by the same disregard for the public as his appointment was." -- Fed Up, a coalition of progressive non-profits focused on reshaping the central bank.
Read the full article here.
6 days ago
6 days ago