A New Divestment Movement Against Trump Gears Up
A New Divestment Movement Against Trump Gears Up
New York City has pledged to divest its pension holdings from companies involved in the private prison industry. But...
New York City has pledged to divest its pension holdings from companies involved in the private prison industry. But the ultimate goal is to help build a mass movement against the White House.
Read the full article here.
Is Zara discriminating against people of color?
Dorian Warren talks with researcher Chaya Crowder about her new report on discrimination at major “fast fashion” outlet...
Dorian Warren talks with researcher Chaya Crowder about her new report on discrimination at major “fast fashion” outlet Zara.
Source: MSNBC
Wells Fargo: California Leader in Predatory Lending and Heartless Foreclosures
San Diego Free Press - March 13, 2012, by Alliance of Californians for Community Empowerment - When it comes to...
San Diego Free Press - March 13, 2012, by Alliance of Californians for Community Empowerment - When it comes to foreclosing on Californians, it looks like Wells Fargo may take the prize. According to a report released today, Wells Fargo is responsible for more homes in the foreclosure pipeline in California than any other single lender.
Wells Fargo is servicing the most loans, but they are providing less principal reduction to struggling borrowers than either Bank of America and Chase – who themselves should be doing more! The recent report from the Monitor of the multi-state Attorneys General settlement with the five big mortgage servicers showed that Wells Fargo trails behind Bank of America and Chase when it comes to the amount of principal reduction given as part of first lien loan modifications.
This is the very same Wells Fargo that just had its most profitable year ever in 2012, with earnings of $19 billion.
The report, California in Crisis: How Wells Fargo’s Foreclosure Pipeline Is Damaging Local Communities, by ACCE (Alliance of Californians for Community Empowerment), the Center for Popular Democracy and the Home Defenders League, shows the harm coming to homeowners, communities and the economy unless Wells Fargo reverses its course and averts some or all of the impending foreclosures.
Click here to download the report.
The report uses data from Foreclosure Radar to look at loans currently in the foreclosure pipeline in California – meaning loans that have a Notice of Default or Notice of Trustee Sale. Of the 65,466 loans in the foreclosure pipeline, close to 20% of them are serviced by Wells Fargo.
If Wells Fargo’s 11,616 distressed loans go through foreclosure, California will take a next $3.3 billion hit: Each home will lose approximately 22 percent of its value, for a total loss of approximately $1.07 billion; homes in the surrounding neighborhood will lose value as well, for an additional loss of about $2.2 billion; and government tax revenues will be cut by $20 million, as a result of the depreciation.
And not surprisingly, African American and Latino communities will be particularly hard-hit. The report includes maps for seven major cities showing minority density and dots for each of Wells Fargo’s distressed loans. In city after city, they are heavily clustered in neighborhoods with high African American and Latino populations.
“My community has been absolutely devastated by the foreclosure crisis, and I put a lot of the blame at the doorstep of Wells Fargo,” says ACCE Home Defenders League member Vivian Richardson. “Wells Fargo’s heartless and unfair foreclosure practices are sending far more homes into foreclosure than is necessary.”
San Francisco Supervisor David Campos released a statement of support: “Our communities and our entire State are still reeling from the housing crisis, and will be for years to come. As this report shows, the numbers of homes still facing foreclosure is enormous. Principal reduction is clearly a critical strategy for saving homes and stabilizing the economy. Wells Fargo and the other major banks should be doing more of it.”
The report recommends:
Wells Fargo should commit to a broad principal reduction program.This means that every homeowner facing hardship should be offered a loan modification, when Wells has the legal authority to do so. The modification should be based on an affordable debt-to-income ratio, achieved through a waterfall that prioritizes principal reduction and interest rate reductions. Junior liens must also be modified.
Wells Fargo should report data on its principal reduction, short sales, and foreclosures by race, income, and zip code.Wells Fargo must be more transparent about its mortgage practices. The bank has an egregious history of harming California’s African American and Latino communities through predatory and discriminatory lending. To show the public that it has reformed, Wells Fargo must make this data available. The people of California need to know that Well Fargo is no longer discriminating against people of color and is fairly and equitably providing relief to homeowners and to the hardest hit communities.
Wells Fargo should immediately stop all foreclosures until the first two demands are met.In the event that it takes a few months to set up a fully functioning principal reduction program, Wells Fargo needs to immediately stop all foreclosures. Wells Fargo has done enough harm. It’s time to stop. California deserves a break.
ACCE is waging a campaign to push Wells Fargo to be a leader in California, their home state, in saving homes – beginning with their performance to comply with the Attorneys General Settlement and with the Homeowner Bill of Rights, but not ending there.
Click here to sign on to a letter to Wells Fargo CEO John Stumpf to support to campaign demands.
Source
Markets to Fed: See you next year
MARKETS TO FED: SEE YOU NEXT YEAR! — Asia followed Wall Street higher on hopes the Fed might take weak jobs data into...
MARKETS TO FED: SEE YOU NEXT YEAR! — Asia followed Wall Street higher on hopes the Fed might take weak jobs data into account and wait until next year to hike rates. … Reuters: “Fading expectations that the U.S. Federal Reserve will raise interest rates this year and a bounce in oil and commodity prices helped lift Asian stocks to two-week highs on Tuesday …
“‘One of the two big persistent concerns has faded, so investors are taking risks,’ said Masashi Oda, senior investment officer at Sumitomo Mitsui Trust Bank, referring to expectations of a near-term Fed hike. … Japanese shares garnered further momentum from speculation that the Bank of Japan might expand its massive stimulus program to support the flagging economy”http://www.reuters.com/article/2015/10/06/us-global-markets-idUSKCN0S001I20151006
M.M. SIDEBAR — Seems like wishful thinking. The FOMC is almost certain to hit the liftoff button by December unless jobs growth really falls off a cliff, which appears unlikely based on other data. It remains possible that both August and September jobs figures will get revised higher. And even a slightly sub-200K pace is enough to keep unemployment dropping to what the Fed generally considers full employment (though nobody actually knows exacly what full employment is). Of course a messy debt limit fight actually could push the Fed off into 2016 but it would likely take markets down with it.
“FED UP” PROTESTERS TO HIT PHILLY — POLITICO's Zachary Warmbrodt: “Activists lobbying against a Federal Reserve interest rate increase as part of the so-called ‘Fed Up’ campaign are planning to hold a protest targeting new Federal Reserve Bank of Philadelphia president Patrick Harker on Tuesday afternoon. Around 15-20 people including workers, small business owners and clergy are expected to participate in the protest, which is aimed at pressuring Harker to meet with the coalition and take a tour of low-income neighborhoods …
“Kendra Brooks, who leads the local Fed Up coalition and is an organizer for Action United, is attending Harker's event but says she has been urging him to meet with more members of the community beyond the heads of non-profits and corporations … Brooks tried to get a commitment from Harker at the Fed's symposium in Jackson Hole, and their chat is on YouTube:https://www.youtube.com/watch?v=2h-GN7cHDAc
WILL HILLARY FLIP FLOP ON TPP? — POLITICO's Victoria Guida: “Hillary Clinton has presented herself as a skeptic of the biggest trade deal in history, saying this summer that ‘we should prepared to walk away’ from the 12-nation Trans-Pacific Partnership unless it boosts Americans' wages and national security. But with a deal announced Monday after months of backstage wrangling, Clinton will be under intense pressure to take a stance.
“The deal is one of the most ambitious items left on President Barack Obama's White House bucket list. But his former secretary of state owns it too, even though she has expressed increasing ambivalence about its details and could soon disown it outright, as some in her circle have suggested. … [R]eacting to the polarizing TPP deal is one of the most excruciating policy decisions of her campaign thus far - and far more politically perilous with Democratic primary voters than her backing of Obama's Iran deal.” http://www.politico.com/story/2015/10/hillary-clinton-trade-dilemma-214456
BIGGEST TPP WINNER: JAPANESE AUTO MAKERS — Per Bloomberg’s list of winners under the trade deal: “Japanese car and auto-parts makers may be the biggest winners, as they get cheaper access to the U.S., the industry’s biggest export market” https://www.bloomberg.com/news/articles/2015-10-06/tpp-trade-deal-who-stands-to-benefit-suffer-in-asia-pacific
FIRST LOOK: “TAX HAVEN SEX MANSION” — Can't resist a headline like that, eh? Bloomberg Businessweek piece up at 7:00 a.m. by Zeke Faux “investigates how Abe Zeines and Muir Hurwitz, two sons of an ultra-religious Jewish neighborhood in Brooklyn piloted a shady new kind of finance — ‘merchant cash advance’ — made a fortune, and then saw it all come to an end.” The two now live in a "tax-haven sex mansion in Puerto Rico.” As one does. https://www.bloomberg.com/authors/AP5w7epl1Xo/zeke-faux
LITAN RESPONDS — Bob Litan writes in FORTUNE: “Sen. Warren clearly disagrees with our study, but rather than address its reasoning and facts, she claimed my disclosure was vague (which it was not) and that I was misusing my non-resident perch at Brookings by identifying that position in a footnote (a newly established Brookings rule of which I was unaware but promised Brookings I would not run afoul of again), though I never mentioned my Brookings affiliation at the hearing. …
“I can only speculate why Sen. Warren has been so interested in our research, but I suspect it is because, even with its disclosed sponsor, the study exposed two major weaknesses in Labor’s proposal — which the Department may correct when it issues its final rule. But if it does not, these two points, at least in my view, make the rule susceptible to being overturned by a court as being arbitrary and capricious (or failing a benefit-cost test) if it is legally challenged” http://fortune.com/2015/10/05/elizabeth-warren-robert-litan-u-s-department-of-labor/
Litan’s pithy email response to M.M. on the whole affair: “Life in the big city.”
GOOD TUESDAY MORNING — Crazy Monday Night Football game. The Lions had a surprising road victory over the Seahawks in their grasp only to have Kam Chancellor poke the ball out of Calvin Johnson’s hands at the goal line. The Seahawks then illegally batted the ball out of the end zone for the touchback but the refs missed it. Should have been Lions ball at the goal line. Crushing blow. Massive officiating mistake. Email me at bwhite@politico.com and follow me on Twitter (like Kam Chancellor does!) @morningmoneyben.
THIS MORNING ON POLITICO PRO FINANCIAL SERVICES — Adam Behsudi on the TPP currency side deal that Congress might not like – [https://www.politicopro.com/financial-services/story/2015/10/pro-trade-tppcurrency-behsudi-056469] and to get Morning Money every day before 6 a.m.-- please contact Pro Services at (703) 341-4600or info@politicopro.com
** A message from Grant Thornton LLP: The tax code puts U.S. companies at a disadvantage. Congress can’t address the problem if it excludes pass-throughs from an innovation box or tax reform. Congress should lower the effective business tax rates equitably for all U.S. businesses. https://www.grantthornton.com/issues/library/articles/public-policy/2015/policy-issues/support-the-BER.aspx?utm_medium=ad-partnership&utm_campaign=public-policy-issues&utm_term=Public-policy&utm_content=article **
BLOOMBERG EVENT TODAY — The Bloomberg Markets Most Influential Summit takes place in New York, London and Hong Kong featuring Tom Steyer, Mike Bloomberg, Bill Ackman, Cliff Asness, Barry Diller, Blythe Masters and more https://www.bloomberglive.com/markets-most-influential/new-york/agenda/
SOFTBALL REPORT: FERC TAKES THINK TANK CROWN — Per AEI’s Michael Pratt: “FERC defeated the defending champs AEI 13-7 in the Think Tank Softball League Championships in a game under the lights in a field by Pentagon City. Congrats to the winning team - over 40 teams are part of the league.”
POSTCARD FROM THE NEW YORKER FESTIVAL — POLITICO’s Daniel Lippman reports: “Homeland” actor Damian Lewis told the New Yorker festival on Saturday that he's met with hedge fund managers like Bill Ackman and Dan Loeb to prepare for his upcoming new show about Wall Street called "Billions" (on which Andrew Ross Sorkin is an executive producer).
He asked the hedgies: "Give me your intellectual defense of being a hedge fund guy, of shorting companies and the one thing they could never really persuade me of, was that playing to a moral code that we might all conventionally understand, it wasn't possible for them to justify what they do. But if they just ever so slightly shifted the goal posts and created a new moral reality for themselves, which is essentially that as long as I don't break the law and as long as the game exists, I'm here to play the game and everything is fine."
BETTER MARKETS’ FUNDING QUESTIONED — National Review’s Brendan Bordelon goes long on hedge fund manager Michael Masters’ funding of pro-financial reform group Better Markets.” http://www.nationalreview.com/article/425063/elizabeth-warrens-wall-street-double-standard-brendan-bordelon
Better Markets’ Dennis Kelleher emails: “Wall Street has been trying to shut down, shut up or smear Better Markets since it was founded five years ago. Wall Street has little tolerance for anyone willing to stand up to them or who can’t be bought.
“Better Markets’ independence and effectiveness on the public’s behalf is what gets under Wall Street’s skin and why it has been shopping a fabricated story for months to anyone in the media who would listen. … [T]he story is so factually wrong it is laughable, as detailed here https://www.bettermarkets.com/blog/fact-sheet-better-markets%E2%80%99-response-wall-street%E2%80%99s-latest-attack”.
M.M. SIDEBAR — Anyone who knows Kelleher (agree or disagree with him on issues) knows he wouldn't be shilling for some hedge fund guy looking to tilt stock prices. But in an era when Bob Litan can get dumped from Bookings over a fully-disclosed source of research funding, everything seems to be fair game.
TOUGH ROAD FOR TPP IN CONGERSS — WP’s David Nakamura: “President Obama hailed the historic 12-nation Pacific Rim trade deal … as an accord that ‘reflects America’s values,’ but within hours the administration had turned from the negotiating table to selling the agreement on Capitol Hill, a reflection of the harsh political climate the controversial pact is expected to face in Congress. Obama pledged that [TPP] … would open new markets for U.S. goods and services and establish rules of international commerce that give ‘our workers the fair shot at success they deserve.’
“But almost immediately there were signs of the tough fight ahead to win final ratification from Congress next year. Lawmakers from both parties criticized the pact as falling short in crucial areas, raising the prospect that the White House could lose the support of allies who had backed the president’s trade push earlier this year" http://www.washingtonpost.com/business/economy/deal-reached-on-pacific-rim-trade-pact/2015/10/05/7c567f00-6b56-11e5-b31c-d80d62b53e28_story.html
SHARP PRICE INCREASES DRIVE DRUG COMPANY REVENUES — WSJ’s Joseph Walker: “Demand for a drug called Avonex has declined every year for the past 10. Not a problem for its manufacturer. U.S. revenue from the drug has more than doubled in that time, to $2 billion last year. The key: repeated price increases. The multiple sclerosis drug’s maker, Biogen Inc., raised its price an average of 16 percent a year throughout the decade — 21 times in all.
“It is an example of drug companies’ unusual ability to boost prices beyond the inflation rate to drive their revenue, even when demand for the drugs doesn’t cooperate. A result of this pricing power is that across 30 top-selling drugs sold by pharmacies, U.S. revenue growth has far outpaced demand in the past five years … Revenue growth averaged 61 percent, three times the increase in prescriptions” http://www.wsj.com/articles/for-prescription-drug-makers-price-increases-drive-revenue-1444096750
BERNANKE ADMITS MISLEADING ON LEHMAN — NYT’s Andrew Ross Sorkin: “It is astonishing to hear a former Federal Reserve chairman acknowledge that he may have misled the public as part of an agreement with another senior government official about one of the most crucial moments in recent financial history — and that he now questions whether he should have “been more forthcoming.” But that is what Ben S. Bernanke says in his new memoir …
“That crucial moment? The bankruptcy of Lehman Brothers. Mr. Bernanke, in perhaps the most candid explanation of Lehman’s 2008 collapse, writes that he and Henry M. Paulson, then the treasury secretary, purposely obfuscated when asked about Lehman’s demise early on, allowing a narrative to develop that the government had purposely let the firm fail
“In congressional testimony immediately after Lehman’s collapse, Paulson and I were deliberately quite vague when discussing whether we could have saved Lehman,’ Mr. Bernanke writes. ‘But we had agreed in advance to be vague because we were intensely concerned that acknowledging our inability to save Lehman would hurt market confidence and increase pressure on other vulnerable firms.’” https://www.nytimes.com/2015/10/06/business/dealbook/in-ben-bernankes-memoir-a-candid-look-at-lehman-brothers-collapse.html?_r=0
GOOGLE BUYS INTO SYMPHONY — FT’s Joe Rennison and Richard Waters: “Alphabet, Google’s renamed parent company, is set to become the latest investor to back Symphony, joining a host of big banks in their attempt to dislodge Bloomberg’s dominant position in Wall Street messaging. Born out of the 2013 snooping scandal, where it came to light that Bloomberg News reporters had spied on bankers using its ubiquitous terminals, Symphony claims to offer a more secure way for people to communicate with each other.
“The service officially launched on September 15, unveiling tie-ups with McGraw Hill Financial, which will supply financial information from S&P Capital IQ, and News Corp’s Dow Jones unit, which will provide a live news feed to the platform. Symphony and Alphabet declined to comment. People familiar with the matter said the deal was yet to be finalised but one confirmed a WSJ.com report that the new funding round would value Symphony at about $650m.”https://www.ft.com/content/32dbcf1a-6ba1-11e5-aca9-d87542bf8673
ALSO FOR YOUR RADAR —
FIRST LOOK: MARANTIS JOINS VISA — Per release going out this morning: “Visa … day announced the appointment of former Acting U.S. Trade Representative Demetrios Marantis as Senior Vice President, Global Government Relations. Marantis joins Visa from Square, where he led global policy, government, and regulatory affairs. Marantis will report directly to William Sheedy, Executive Vice President, Corporate Strategy, M&A, and Government Relations at Visa Inc., and be responsible for all facets of Visa’s government relations activities
JOIN US — WOMEN RULE: TAKING RISKS AND TAKING CHARGE Women Rule live event series returns Wednesday morning at 8 am with “Women Rule: Taking Risks and Taking Charge,” a series of conversations with women who have braved the odds in their lives and careers. Vian Dakhil, Iraqi MP and voice of the Yazidi people being attacked by ISIS and her sister, Dr. Deelan Dakhil, the co-director of the Sinjar Foundation will headline the event. Featured speakers also include Sen. Tammy Baldwin (D-Wis.); Sarah LaFleur, Founder and CEO, MM. LaFleur, and former White House NSA and EVP of MacAndrews and Forbes, Frances Fragos Townsend. RSVP: http://www.politico.com/events/2015/10/women-rule-taking-risks-and-taking-charge-213943
NOW AVAILABLE: POLITICO PRO LEGISLATIVE COMPASS — POLITICO Pro, POLITICO’s premium subscription service, has released a first-of-its kind legislative data analytics and decision-making tool that helps policy professionals manage and act on legislation. Leveraging features such as a personalized dashboard, virtual whip count, bill text comparison and 20 years of data, users will not only save time but benefit from customizing and cross-referencing information, enabling them to make smarter and faster decisions. Schedule your demo today.
** A message from Grant Thornton LLP: When Congress fails to act, businesses suffer. More than 50 popular tax provisions expired at the end of 2014, including the R&D credit. Congress’s indecision on these provisions is impeding business planning and stifling growth. According to a Grant Thornton survey of top financial executives, more than half of companies that use the provisions do all their planning under the assumption that the extension will not occur. That’s a huge blow to the effectiveness of the provisions and a barrier to growth. The R&D credit is a major driver of entrepreneurial activity and high-paying jobs. Congress needs to act soon to reinstate these provisions and to make the R&D credit permanent. Find out what else Congress could do to strengthen the R&D credit and view survey findings at http://gt-us.co/1iOXJW5
Source: Politico
Watch My Morning Jacket’s Jim James and Andrew Bird Play New Version of “Sic of Elephants”
Watch My Morning Jacket’s Jim James and Andrew Bird Play New Version of “Sic of Elephants”
In July, Andrew Bird began a new series called “Live From the Great Room,” where he performed an acoustic set in his...
In July, Andrew Bird began a new series called “Live From the Great Room,” where he performed an acoustic set in his living room with a guest. Today, he’s released an updated version of Soldier On’s “Sic of Elephants,” he originally played with My Morning Jacket’s Jim James for the series. The updated song is being released as part of the anti-Trump 30 Days, 30 Songs series, and it is Jim James’ second release for the program. Below, watch them perform “Sic of Elephants.” Read Bird’s statement on why he updated the song here, and revisit Bird and James’ full living room performance here.
30 Days, 30 Songs will continue to release at least one new song or video daily until Election Day (Tuesday, November 8). The entirety of 30 Days’ proceeds will go to the Center for Popular Democracy and their efforts toward Universal Voter Registration for all Americans. Previous 30 Days releases include songs from Sun Kil Moon and Jesu, EL VY, Filthy Friends, Death Cab for Cutie, Franz Ferdinand, and others.
By Kevin Lozano
Source
Ilhan Omar Romps In Minneapolis Democratic Primary, While Tim Walz And Keith Ellison Win Statewide
Ilhan Omar Romps In Minneapolis Democratic Primary, While Tim Walz And Keith Ellison Win Statewide
Omar had the backing of the bulk of the progressive and grassroots groups that weighed in on the race, including MoveOn...
Omar had the backing of the bulk of the progressive and grassroots groups that weighed in on the race, including MoveOn; Justice Democrats; the statewide and Twin Cities chapters of Our Revolution, the group that was formed from the remnants of the 2016 Bernie Sanders campaign; and CPD Action, an arm of the Center for Popular Democracy.
Read the full article here.
Ulster County Legislator Calls for Equity and Accountability in School Funding
Mid-Hudson News - December 29, 2014 - It took a 2007 Federal lawsuit to ensure equity in New York State school aid...
Mid-Hudson News - December 29, 2014 - It took a 2007 Federal lawsuit to ensure equity in New York State school aid funding to local districts. Over the course of the past six years, Ulster County school districts received close to $26 million or at least they would have, had the State actually implemented the promised foundation aid. Instead, the foundation aid was frozen as part of the State's budget process.
"Ulster County tax payers have been paying more and more to ensure education for all," said County Legislator David Donaldson (D, Kingston). "Yet, the State has balanced its budget without paying its promised share. The State leadership has to stop talking about supporting the future of our State and actually pay for what they promised."
Over a billion dollars are being given to serve the 3% of student population that attend Charter Schools in New York State for 2014. $54 million is estimated by a Center for Popular Democracy's report to be lost because of charter school fraud and abuse in 2014 alone. Only eighteen of the sixtytwo counties in New York State have a charter school. Ulster County has no charter schools.
"I am all for helping parents to ensure their children receive the quality education they deserve," said Donaldson. 'That quality education starts with the public education system that serves 85% of New York State's children. Until the State leaders provide the funding that will address the educational gaps in public education and ensure the oversight and accountability of private charter school education, no taxpayer dollars - whether State or local taxes - should be spent on privately run schools that are not held to the same standards or expectations as the public school system."
Donaldson wants the County Legislature to consider the measure at their January 9 session.
Source
Can Community Organizers Build Progressive Power?
Can Community Organizers Build Progressive Power?
Last Tuesday, Alton Sterling was shot and killed while pinned on the ground by Baton Rouge police. The next day,...
Last Tuesday, Alton Sterling was shot and killed while pinned on the ground by Baton Rouge police. The next day, Philando Castile was shot and killed by a cop in Falcon Heights, Minnesota, as he reached for his ID. On Thursday, protests swept across the country calling for an end to police killings of black and brown men. At one of those peaceful protests, in Dallas, a sniper opened fire from a vantage point above the march, trying to kill white police officers. Five officers died.
It was against this backdrop of deep social turmoil that dozens of community organizing groups from across the country came together in Pittsburgh for the People’s Convention.
Over the weekend, more than 1,500 community organizers and leaders—many of them Black and Latino—convened to discuss ways to create a more cohesive, powerful progressive grassroots network. It was the first step by the Center for Popular Democracy, a progressive organization that is trying to fill the vacuum left in the wake of ACORN’s demise in 2010.
On top of the recent events in Louisiana, Minnesota, and Texas, the convention also came at a critical political moment—on the Republican side, Donald Trump’s campaign is increasingly stoking racial animosity; on the Democratic side, Bernie Sanders has worked to push his party’s platform leftward.
“We wanted to make it both a statement in the electoral moment and really a statement that transcends the electoral moment,” Brian Kettenring, co-director of the Center for Popular Democracy, told the Prospect at the convention. “We’re trying to stand in this particular moment but also not be captive to the narrow partisan politics of our country.”
The convention started off Friday with a march of more than 1,000 activists through the streets of downtown Pittsburgh, including stops outside the University of Pittsburgh Medical Center to demand fair wages for workers; the Pittsburgh Federal Reserve to call for equitable economic policies for working families; and Pennsylvania Senator Pat Toomey’s office to protest his anti-immigration stances. Some onlookers joined the chanting—“What do we want? Justice. If we don’t get it? Shut it down,”—and raised their fists in solidarity. Others were visibly angry at the marchers’ message of justice for undocumented immigrants and victims of police brutality.
The following day, activists heard speeches from heavyweights of the progressive movement like Minnesota Congressman Keith Ellison and the Reverend William Barber III, leader of North Carolina’s Moral Mondays movement, who both spoke powerfully about the recent killings and the need for a unified response.
“The country needs healing, but you can’t heal a dirty wound,” Ellison pronounced. “A dirty wound needs disinfectant.”
He pointed to the “amazingly poised” Diamond Reynolds, the fiancée of Philando Castile, who streamed the immediate aftermath of his shooting on Facebook, as a model for the movement. “We need to push back with the same presence of mind of Diamond Reynolds,” he said.
With the killings of Sterling and Castile fresh on everyone’s mind, the specter of police violence loomed large at the convention. But the People’s Convention also wove together the threads of today’s social justice movements—not just Black Lives Matter, but also those campaigning for immigration reform, the Fight for $15, LGBTQ rights, and environmental justice, in a way that made clear the intersectionality of modern progressive organizing.
“We’re all dealing with the various layers of oppression,” said Jose Lopez, organizing director for Make the Road New York. “Whether it’s workplace inequality, housing inequality, or the recent decision from the Supreme Court, which to a degree sent a message to our families that we’re going to create opportunity for a limited number of children but we’re going to throw away the key to the gate to this country when we begin to talk about their parents.”
“[This convention] created the space and now we have to make sure we continue to stay in contact—using CPD as the vehicle—so that we can build out a network of power that can transform everything from immigration reform to worker rights to housing rights to the attack of black and brown people in this country by police,” Lopez said.
Groups attending the convention included New York Communities for Change, which helped launch the Fight for $15 back in 2012 and is now turning its focus toward addressing affordable housing needs in the city; Minnesota Neighborhoods Organizing for Change, which, in response to the police killing of Jamar Clark helped organize a protest occupation outside a North Minneapolis police precinct that lasted 16 days; the Texas Workers Defense Project, a worker advocacy group that has improved labor standards in the Texas construction industry; and Make the Road state chapters that have led local fights against deportations. Some of these groups have collaborated before, while others have been somewhat isolated from other community organizing groups.
Community organizations lost much of their national clout in the wake of ACORN’s demise, which was brought about in 2009 by a conservative smear campaign. CPD’s goal now—and that of the organizations represented at the conference—is to rebuild such groups’ institutional power and make it a critical part of the broader progressive movement.
In recent years, that movement has had some signal successes, which conference workshops showcased: how SEIU successfully organized for a $15 minimum wage in Seattle; how black community groups in St. Louis helped create lasting momentum for policing reform in the wake of Ferguson; how the New York Working Families Party established a powerful electoral presence; how organizers in Florida worked for climate justice in communities vulnerable to climate change.
“We are beginning to launch a real national organizing framework—that’s something that really hadn’t been seen since ACORN went under,” said Jonathan Westin, executive director of New York Communities for Change. “I think this is the beginning of an intentional path forward to try to create real structural power for community institutions and neighborhoods that already exists in places like the labor movement.”
Creating such structural power, organizers admit, will be challenging. There’s a shortage of funding for community organizations, which has kept them closely tethered to more well-funded labor unions and foundations—and, in many ways, also tethered to their funders’ agendas. The central challenge is how to establish a sustainable and independent source of funding, as unions have done with member dues, in order for community power to become a singular force on its own.
Beyond that, a critical question for community organizers is how to capitalize on both the current social and political moment.
“The genie is out the bottle with progressive politics,” Kettenring said. He believes that a strong force of community organizations can help direct the progressive movement’s current political capital in a way that avoids pitfalls of the past. “One of the historic strategic failures of the progressive movement has been its failure on race. So when you look at this convention and look at how diverse it is and how many of the organizations are rooted communities of color, you see the potentiality of how the community organizing sector can help root a more progressive, but also diverse politics.”
By Justin Miller
Source
The Resistance Now: Star Wars, 'aliens' and Leonardo DiCaprio join the fight
The Resistance Now: Star Wars, 'aliens' and Leonardo DiCaprio join the fight
It seems the Earth has a sense of irony. “Record-breaking heat” is possible at the People’s Climate March in DC on...
It seems the Earth has a sense of irony. “Record-breaking heat” is possible at the People’s Climate March in DC on Saturday, where thousands of people are planning to protest against the president’s climate change policies on his 100th day in office. Trump’s initiatives include, but are not limited to, a 31% cut in the Environmental Protection Agency and potentially leaving the Paris climate agreement.
Among those suffering in the heat will be former vice-president Al Gore and, apparently, Leonardo DiCaprio. It is likely to take a titanic effort to change the other Wolf of Wall Street’s mind, however, as Trump has repeatedly said that the inception of climate change had nothing to do with mankind. Only 1,361 more days of this to go!
Read full article here.
Report: Lax Oversight Leaves Charter Schools Vulnerable to Fraud
SF Gate - March 24, 2015, by Jill Tucker - California’s 1,100 charter schools are subject to insufficient financial...
SF Gate - March 24, 2015, by Jill Tucker - California’s 1,100 charter schools are subject to insufficient financial oversight, lax practices that leave the door wide open to fraud, mismanagement and abuse, according to a report released Tuesday by a trio of education policy groups.
Since the first charter school opened in 1992, state or local officials have uncovered more than $81 million in fraud or mismanagement. But that’s probably the tip of a very big iceberg, according to the report released by Public Advocates, Alliance of Californians for Community Empowerment and the Center for Popular Democracy.
The report’s authors estimate that charter school fraud could be closer to $100 million in 2015 alone, based on methodology cited the Association for Certified Fraud Examiners 2014 Report to Nations on Occupational Fraud and Abuse.
“Charter schools promised to innovate and show best practices for schools — but is this how they are living up to that promise? This is not an example of how schools should work – this is an example of what not to do,” said Martha Sanchez, a parent and community leader with the Alliance of Californians for Community Empowerment.
The California Charter School Association, however, criticized the report for “making estimates based on global assumptions calls into the question the credibility of the report and the organizations that published it.”
“While we don’t presume to understand the motives behind this report we do know that California is a state where the charter school sector, authorizers and legislators have come together to put into place real solutions,” according to the charter organization, in a statement. “It is unfortunate that we continue to have similar distractions for a sector that the report itself suggests is demonstrating to be responsible users of precious public funds in addition to serving a half a million public school students well.”
The report cites several instances of uncovered fraud, including $2.7 million for excessive amounts of school supplies at Los Angeles’ Wisdom Academy of Young Scientists Charter Schools, provided by vendors who were family members or close acquaintances of the former executive director and who charged exorbitant prices.
The report also cited Oakland’s American Indian charter schools, where the former director reportedly diverted more than $3 million to his own businesses via rent and other expenditures.
The agency that authorized the charter school — typically the local school district or county office of education — is responsible for oversight, but they don’t always have enough staff to perform fraud risk assessments, the report said.
The report recommended that charter school audits include an assessment by someone certified in financial forensics and that school board or county boards of education should require charter schools to ensure fraud controls are in place before granting a charter or renewing one.
“California already spends too little on public education, so it’s critical to ensure that this money actually goes where it’s intended — to serve kids,” said Hilary Hammell, an attorney at Public Advocates. “When charter school operators misappropriate public education money, our state’s most vulnerable families suffer.”
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