JPMorgan CEO Jamie Dimon: 'I'm a patriot' so I'll help Trump
JPMorgan Chase Chairman and CEO Jamie Dimon highlighted several critical issues confronting the United States during...
JPMorgan Chase Chairman and CEO Jamie Dimon highlighted several critical issues confronting the United States during the bank's annual shareholder meeting Tuesday and urged the business community and the Trump administration to come together to find meaningful solutions to these problems.
During Q&A with shareholders, Dimon was asked multiple questions related to his willingness to support President Trump. The CEO is on Trump's Strategic and Policy Forum.
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Influence, the power to change
Clad in a “Stand With Black Women” shirt, Mercedes Fulbright, the Texas State Coordinator at Local Progress, commanded...
Clad in a “Stand With Black Women” shirt, Mercedes Fulbright, the Texas State Coordinator at Local Progress, commanded attention during her engagement entitled, Deserving and Entitled; Engaging in Public Policy to Empower People, as part of the annual Speaking Truth To Power community activism seminar at Friendship West Baptist Church, June 29.
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Locals protest GOP tax plan
Last week, more than 100 disability rights and health care advocates were arrested in Washington D.C. during a civil...
Last week, more than 100 disability rights and health care advocates were arrested in Washington D.C. during a civil disobedience protest of the GOP tax plan. Among them were residents of Peterborough and Temple.
Lisa Beaudoin of Temple, the executive director of ABLE New Hampshire, a grassroots organization that advocates for families that include people with disabilities, said that she sees the tax plan as taking firm aim at some of the most vulnerable populations – including people with disabilities.
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How Maryland Governor Larry Hogan Has Failed West Baltimore
With the thousands of soldiers, countless police, and CNN trucks, West Baltimore in April looked very different than it...
With the thousands of soldiers, countless police, and CNN trucks, West Baltimore in April looked very different than it had just a few months before. When Governor Larry Hogan strolled in—mic and camera in tow—he claimed he was looking out for the best interests of residents. He boasted of being the only politician who would come to rough neighborhoods and talk to locals. Hogan even moved his base of operations to Baltimore, stating in a press conference that he was“taking over the situation.”
But when it came time to take real action, Hogan cowered. Recently, a bill crossed Hogan’s desk that, in one fell swoop, would restore the right to vote to 40,000 Maryland residents—disproportionately black residents, many of whom are from poor Baltimore neighborhoods, the vast majority of whom are victims of our discriminatory mass incarceration system. The state legislature overwhelmingly supported the bill, which would give Baltimore the chance to regain their constitutional voice.
Hogan vetoed it.
In other words, when given the opportunity to show that he is serious about ensuring a voice for black and poor Maryland residents, Hogan decided he’d rather keep them quiet. The bill would have granted felons the opportunity to vote “as soon as they leave prison rather than waiting to finish parole or probation.”
When Hogan said he was “taking over the situation,” the situation he referenced was not Freddie Gray’s murder at the hands of callous police. In fact, Hogan barely commented on Gray’s death at all, completely failing to rebuke the officers who killed him. What concerned him—what brought him to Baltimore—were the protests that followed Gray’s death.
He did not see courage on the faces of the people calling for justice. He did not understand that they were calling for a voice, calling for change to the broken system they live in. These protests were a response to much more than violent policing. They were calling for leaders and lawmakers to act on the needs of low-income communities of color.
Freddie Gray’s crime was simply existing. He was killed in West Baltimore, where being poor and black means being shut out of opportunity. Like so many other low-income communities of color, people in Gray’s neighborhood commonly suffer from not only police violence but economic and institutional violence, as well.
In West Baltimore, the unemployment rate is 24 percent and the median income is about $24,000. Children born there are bound to be victims of systematic inequality at virtually every juncture, and receive significantly fewer resources than kids in other neighborhoods. Public schools in the area are dilapidated and under-resourced, and the city has closed 14 recreation centers since 2010.
The economic distress, educational deprivation, and out-of-control policing tactics that plague places like West Baltimore increase the likelihood that those in the community will be funneled through the criminal justice system. Black teenagers are almost as likely to be arrested as they are to graduate from high school, and more people in Maryland prisons come from Gray’s West Baltimore neighborhood than any other neighborhood in the state.
This is why Maryland’s felon disenfranchisement laws—which currently bar anyone in prison, on parole, or on probation from voting—are so problematic. Hogan’s description of this law as simply a just punishment further underscores his willingness to turn a blind eye to reality.
The truth is that felon disenfranchisement is a mechanism to reduce the political voice of entire neighborhoods of color. The loss of a vote not only hurts the potential voter, it hurts their whole community. Entire populations of low-income minorities are slowly shut out of our democracy. They are forced to watch their power steadily deteriorate.
It is not surprising, then, that lawmakers like Hogan have done little to address the West Baltimore community’s perpetual poverty and marginalization for so long. The rampant disenfranchisement in these communities makes voters unable to hold their elected leaders accountable. Since places like West Baltimore have less and less electoral power, lawmakers are free to ignore the issues that confront these constituents.
Gray’s tragic death put a spotlight on West Baltimore. But now the news cameras have left, the protests have waned, and the Governor has packed up and gone home. Residents find themselves, once again, abandoned and voiceless.
Last month’s protests prove that Baltimore residents need to be heard. Families are crying out, demanding that this broken system be repaired. The state legislature supported giving residents a voice. But Hogan decided he preferred their silence. Baltimore deserves better.
Josie Duffy is a policy advocate for The Center for Popular Democracy.
Source: Gawker
Senator Warren to Join Call to Alter Sales of Distressed Loans
Senator Warren to Join Call to Alter Sales of Distressed Loans
Housing advocates have attracted a prominent ally in their push to change the federal government’s policy of selling...
Housing advocates have attracted a prominent ally in their push to change the federal government’s policy of selling distressed mortgages at a discount to private equity firms and hedge funds.
Senator Elizabeth Warren, Democrat of Massachusetts, will join other lawmakers, advocates and community activists on Wednesday in a Washington rally to oppose the loan sale program.
The senator is expected to call on the Department of Housing and Urban Development and the federal overseer of Freddie Mac and Fannie Mae to make it easier for nonprofit organizations to bid for the bundles of distressed mortgages put up for auction, people briefed on the matter said.
The sale of distressed mortgages by HUD and the government-sponsored mortgage finance firms is drawing growing criticism from housing advocates and lawyers in recent months. The critics are concerned that the private buyers of distressed mortgages are moving to quickly to put borrowers into foreclosure as opposed to modifying the loans as housing officials had hoped.
The investors are buying loans often at a 30 percent discount.
One of the biggest buyers of distressed mortgages is Lone Star Funds, a $60 billion private equity firm based in Dallas. The firm, which is also buying soured mortgages directly from banks, has raised billions of dollars from investors, including public pensions to invest in distressed home loans.
The private equity firm’s practices in dealing with delinquent borrowers was the subject of a front-page article in The New York Times this week.
The housing advocates said that, in addition to noon rally with elected officials, they intended to protest outside of Lone Star’s offices in Washington.
Source: New York Times
Mayoral Hopefuls Cool to Plan to Lift Up Low-Wage Workers
Labor Press - February 13, 2013, by Marc Bussanich - While the city’s economy has been recuperating from the Great...
Labor Press - February 13, 2013, by Marc Bussanich - While the city’s economy has been recuperating from the Great Recession, low-wage workers in the city face enormous difficulties in making ends meet in one of the nation’s most expensive cities. A new report, Workers Rising, reveals policy decisions the next mayoral administration can make to improve conditions and pay for low-wage workers.
Presented at a symposium on low-wage worker organizing at the Murphy Institute, the authors of the report, UnitedNY and The Center for Popular Democracy, write that the city should raise standards by guaranteeing at least five days of paid sick leave. The city should also regulate high-violation industries, establish a Mayor’s Office of Labor Standards to investigate complaints by workers and pass a resolution that’ll allow the city to pass a higher minimum wage than the state.
According to the report, the city’s economy is shedding living wage jobs, but is adding low-wage, service sector jobs such as restaurants (42,000) and retail trade (27,000).
Prince Jackson works as a security officer for the Air Serv Corporation at Kennedy airport and is part of a committee of security officers organizing for better pay and the appropriate equipment to do their jobs that ensures the safety of passengers.
He worked all night, but said it was important for him to be at the event.
“I’m very tired, but I will do anything that I can do to raise the standards for my fellow workers at the airport.”
Alterique Hall is a retail worker who said he’s behind his rent because he’s paid very low wages.
“It’s difficult. Some days I just want to lie down and cry because I’m being paid and treated poorly. We need to fight for higher wages to better our futures,” said Hall.
A car wash worker who worked for seven years at a carwash owned by John Lage in SoHo, owner of multiple carwashes throughout the city, will soon be laid off because Lage is selling the property to a developer. The workers at the SoHo facility voted to join the Retail, Wholesale and Department Store Union in November, but Lage said the property was up for sale before the election.
Council Member Gale Brewer welcomed the proposal to create a local office for labor standards.
“All the other cities and states that have paid sick leave have such an office. Right now, the only way to get a complaint on many of these issues is on a complaint-by-complaint basis. There isn’t currently any organization; the state doesn’t have enough staff. You need a local office that will be a partner with the employee and employer to come up with safe standards,” Brewer said.
Also joining Ms. Brewer were two mayoral hopefuls—Public Advocate Bill de Blasio and former comptroller and 2009 mayoral candidate, William Thompson. They both said they support the movement to help low-wage workers, but they did not say they would enact the authors’ proposals if elected mayor.
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'All hands on deck': protesters to target healthcare bill at rallies across US
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'All hands on deck': protesters to target healthcare bill at rallies across US
Activist groups praised John McCain for his promise to vote no on the Lindsey Graham-Bill Cassidy healthcare bill on...
Activist groups praised John McCain for his promise to vote no on the Lindsey Graham-Bill Cassidy healthcare bill on Friday, but they warned against complacency as they said the fight to protect the Affordable Care Act was “not over”.
McCain’s pledge, which means Republicans can only afford to lose one more Senate vote in their quest to repeal the ACA, widely known as Obamacare, was met with celebration on the left.
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Protest Calls for Fed to Focus on Employment
St. Louis Public Radio - March 5, 2015, by Maria Altman - What recovery? That was the question being asked Thursday by...
St. Louis Public Radio - March 5, 2015, by Maria Altman - What recovery? That was the question being asked Thursday by a small group of activists outside the Federal Reserve Bank of St. Louis.
About a dozen protesters called on the Fed to focus on unemployment, especially among minorities, rather than on keeping inflation rates low. They said if the Federal Open Market Committee raises the interest rate this year, as anticipated, it would likely mean fewer jobs.
"We’re calling on the Fed to do the right thing by most people, because the people they’re helping by changing the policy is a very small minority people and a very influential and affluent group of people," said Derek Laney of Missourians for Reform and Empowerment.
The protest was one of several held at Federal Reserve Banks around the country to highlight a new report by the Center for Popular Democracy and the Economic Policy Institute. The report calls on the Fed to focus on “full unemployment,” and highlights disparities between white and minority unemployment levels.
In Missouri last year the unemployment rate for African-Americans was 14.4 percent, while the rate for whites was just 5.1 percent, according to the Bureau of Labor Statistics. Several of the protesters, who represented a variety of local groups, including MORE, the Organization for Black Struggle, Veterans for Peace, Pro-Vote and Young activists United STL, had personal stories of being out of work and struggling.
Reginald Rounds with MORE said he had recently gotten a bachelor’s degree but still couldn’t find work.
"There is no recovery in the community in which I live," said Rounds. "I talked to many people in different organizations and churches throughout the city as we worked on the Don’t Shoot Coalition. It’s my personal belief that a lot of things that happened in Ferguson just boiled over from all the tensions of unemployment, job creation, housing and our educational system."
The Federal Reserve Bank of St. Louis said in an emailed statement that officials reached out to protesters on Wednesday and asked them to meet to discuss the report.
"The Fed has a dual mandate to keep inflation low and stable and to foster maximum sustainable employment. It takes these responsibilities very seriously," said Karen Branding, senior vice president of public affairs, in the statement.
Washington University economist Jennifer Dlugosz said the Fed has good reason not to focus too tightly on lowering unemployment levels.
"We know from macroeconomics that if the Fed tries to push the rate of unemployment below the natural rate, which people think is 5.5 percent, that it wouldn’t work and that it would just accelerate inflation," she said.
Dlugosz, who previously worked for the Fed’s Board of Governors in Washington, D.C., said monetary policy is not the right tool to address unemployment disparity. Instead, she said, targeting labor market and education policies to create more equality would likely have better results.
The report also took aim at the Fed’s transparency, especially in choosing the board of directors for each of the 12 Federal Reserve Banks. The protesters argued too many corporate and bank executives take those positions, including in the Federal Reserve Bank of St. Louis’ board of directors.
"It’s basically bankers, and that’s in the charter, and there’s whole bunch of other folks who could be from labor and working people, but are instead from big corporations," said Jeff Ordower of MORE.
The board of directors in each of the Federal Reserve districts is responsible for choosing the president of the Reserve Banks. Those presidents rotate onto the Federal Open Market Committee, which meets eight times a year and decides the nation’s monetary policy. (Learn more about how it all works here on the Federal Reserve Bank of St. Louis' website.)
In her statement, Branding said the Fed was designed by Congress to “represent the voice of Main St."
"At the St. Louis Fed we have significant dialogue with business leaders, community development organizations, educators and the public,” she wrote. “We have a diverse board of directors who are familiar with economic and credit conditions in the district.”
Professor Dlugosz said the make-up of the boards is somewhat limited by statute. Each district’s community bank members choose three bankers to sit on the board and three non-bankers. The other three directors are chosen by the Fed’s Board of Governors in Washington, D.C, and are supposed to represent a mix of labor, agriculture, industry, and consumers.
Dlugosz said the last group, known as “Class C,” is the most likely group to represent the interests of the public, since they’re appointed by the Board of Governors.
"That’s really, I’m guessing, the main place where you’re going to see heads of labor unions or consumer advocates. If they’re getting on there, I imagine it’s the Board that’s electing them," she said. "I don’t know if that’s changed over time, but one would hope that they’re keeping an eye on it."
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Home care workers rally in New Haven around terminated employee
Lara was joined by more than a dozen supporters Wednesday, organized by the Working Families Party, which has been...
Lara was joined by more than a dozen supporters Wednesday, organized by the Working Families Party, which has been advocating for a $15-an-hour wage, paid sick days and predictable schedules for this group of employees.
Management at Family Care VNA & Home Care at 495 Blake St., where Lara worked for more than three years in a 28-year career, called police to keep the protesters away from its office. The protesters continued to march on the sidewalk leading into the parking lot where the company is located.
After about an hour, Lindsay Farrell, state executive director for the Working Families Party, Julio Lopez of Make the Road, which is part of the Center for Popular Democracy, and Lara approached New Haven Officer Scott Durkin, who was standing outside the care agency’s office.
Durkin passed on a petition to management signed by more than 9,000 people asking that Family Care VNA & Home Care meet with Working Families to discuss workplace protections for its employees.
“I am here today because on Aug. 3 I got terminated for exercising ... freedom of speech. I was searching for a better workplace for my co-workers, for those who are afraid to speak, because this is their only source of income to maintain food on the table and a roof over their kids’ heads,” Lara said.
The longtime certified nursing assistant has been on panels with U.S. Rep. Rosa DeLaura, U.S. Sen. Chris Murphy and Thomas E. Perez, secretary of the U.S. Department of Labor, talking about the conditions that CNAs face.
Lara said she never mentioned her employer, but spoke generally about the industry and the need for a pay upgrade, benefits and schedules they can count on.
“I believe that no human being should be treated like animals, because that is what they treated us like, paying us $10 an hour. We are a big asset to the company and if not physically fit ... how can we go out there and do our jobs?” Lara asked.
“What I am searching for is justice for me and so many other workers that do the same job as I do,” she said to the crowd.
Lara said this all began when she took off two days for emergency surgery for her gallbladder on Feb. 26. Her doctor recommended she stay out of work for two to three weeks.
A message seeking comment was left with Donna Simmons, a human resource specialist at Family Care.
Lara said she ended up back in the hospital because she returned to work too early. On May 22 and June 3, she had additional surgeries for an abscess on her breast for a total of eight days missed for health problems.
Lara said she put up with the $10-an-hour pay because “I like what I do and I enjoyed working with my patients and I didn’t want to leave them hanging.”
She said after the last surgery, her hours were cut from 54 hours a week to 14 hours, putting her behind on her rent and bills.
Lara said the firing not only hurt her financially, but “has taken away what I like and what I enjoy, which is working with people.” She said she is collecting unemployment compensation.
Lara said she feels that she was being punished for taking time off “to take care of my physical health.
She said when she was terminated, management alleged that she had used profanity in front of a client, but Lara said that was not true. She said they told her at that meeting Aug. 3 that she was being fired for “bashing the company.”
Lara said Lou Mangini, who works on constituent concerns in DeLauro’s New Haven office, has been in touch with her.
The letter from Working Families to Rita Krett, who is listed as the owner of the company, said Lara’s firing was “unacceptable and immoral.”
It promised to escalate its support of Lara and other workers if the company doesn’t improve conditions.
Immigration Advocates Concerned Whether President Obama's Plans Will Help Families
New York Daily News - November 15, 2014, by Celeste Katz - Local advocacy groups — eager for details on President Obama...
New York Daily News - November 15, 2014, by Celeste Katz - Local advocacy groups — eager for details on President Obama’s plan to shield undocumented immigrants from deportation — are concerned many families may still be vulnerable.
At issue is the possibility Obama may limit work permits for parents of children who are in the U.S. legally to those who have been in the country 10 years.
“It’s very important that the President acts to include that segment of folks that have been here more than five years but less than 10 years,” said Steven Choi, executive director of the New York Immigration Coalition.
Some advocates were careful to be gentle in their criticisms.
Lucia Gomez of La Fuente said, “The general consensus is everyone is extremely excited,” but added her members hope Obama goes “full force” with protections.
“We hope the Obama administration announces policies that will keep families together and allow for as many people as possible to live with dignity,” said Ana Maria Archila of the Center for Popular Democracy.
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5 days ago
5 days ago