GOP pours nearly $1M into Arizona special election
GOP pours nearly $1M into Arizona special election
Activist Ady Barkan and New York Times columnist Michelle Goldberg discuss what’s been happening on the ground in...
Activist Ady Barkan and New York Times columnist Michelle Goldberg discuss what’s been happening on the ground in Arizona, where the outcome of the special election in the 8th district is perhaps less important than the margin.
Watch the video here.
This Study Found That Major U.S. Cities Spend Millions More On Policing Than On Social Programs
This Study Found That Major U.S. Cities Spend Millions More On Policing Than On Social Programs
That fact that something needs to change in the way policing works in the United States isn’t debated. Nearly everyone...
That fact that something needs to change in the way policing works in the United States isn’t debated.
Nearly everyone, regardless of political ideology, can agree that things aren’t working.
Read the full article here.
Jeff Flake debates GOP tax plan with voter on a plane
Jeff Flake debates GOP tax plan with voter on a plane
While traveling Thursday on an airplane from Washington, GOP Sen. Jeff Flake debated a voter in a wide-ranging...
While traveling Thursday on an airplane from Washington, GOP Sen. Jeff Flake debated a voter in a wide-ranging discussion about the GOP tax plan, the issue of Dreamers, the Affordable Care Act and the Children's Health Insurance Program.
Flake spoke for 11 minutes to a person who identified himself on his Twitter account as Ady Barkan, of California, according to a tweet posted by his friend. Barkan explained his current situation having been diagnosed with Lou Gehrig's disease, or amyotrophic lateral sclerosis, and how the tax bill would affect his health care to Flake.
Read the full artilce here.
Silicon Valley part-time workers file petition to work more hours
Silicon Valley part-time workers file petition to work more hours
San Jose labor advocates, religious leaders and hourly workers on Tuesday submitted to city officials a proposed ballot...
San Jose labor advocates, religious leaders and hourly workers on Tuesday submitted to city officials a proposed ballot measure that would force large and mid-size companies to offer their part-time employees more hours before hiring additional temps.
Organizers submitted more than 34,700 signatures to place the Opportunity to Work Initiative on the city’s November ballot, city officials said. At least 18,852 valid signatures, as verified by the county’s Registrar of Voters, are required.
If approved by voters, the initiative would apply to all companies with more than 35 employees.
The initiative is the latest effort of the Silicon Valley Rising movement, which is trying to address the region’s growing affordability crisis for low-wage earners. Community leaders and coalition members have also campaigned for affordable housing and minimum wage increases.
“This is another step toward framing more properly the questions of the wage gap and wealth gap in Silicon Valley,” said the Rev. Jon Pedigo, board member of the Silicon Valley Rising coalition and pastor of Our Lady of Guadalupe Church in East San Jose. “We see this as a moral issue, and we see this as a unifying issue where everyone will win.”
Facebook, Microsoft, and Apple, some of the biggest names in tech, have proudly touted the fact that they have done aways with gender pay gap. But that doesn't mean the tech industry overall is suddenly paying men and women equally across the board. Hired
One-third of San Jose workers earn less than the average annual rent for a one-bedroom home in the city, and families are increasingly struggling to make ends meet, according to an April report by the Center for Popular Democracy, Working Partnerships USA and the Fair Workweek Initiative.
“We’ve reached a crisis point,” Pedigo said. “There are so many people every day that are displaced.”
More than 40 percent of the estimated 162,000 people who work hourly jobs in San Jose rely on part-time work or variable schedules for their income, the report said.
Variable work schedules cause workers' incomes to fluctuate monthly, making it harder for earners to consistently support their families and pay rent. The burden falls hardest on women and minorities. More than 60 percent of hourly workers are women, according to the report. Almost 70 percent are people of color.
Alejandra Mejia, 29, makes $12 an hour as a part-time manager at a McDonald’s in San Jose. A single mother of three, Mejia depends on her monthly income to feed her kids.
The four of them live in a single room in a friend’s house. She can’t afford her own place, and she can’t depend on receiving a consistent monthly income. Over the past eight years, her weekly shifts have fluctuated — usually between 20 and 30 hours per week.
Mejia asked her boss for more work hours. Last week, the restaurant hired new people and gave Mejia only eight hours. Mejia will make $400 this month, almost $200 less than the average monthly income she depends on.
“I’m assuming I’m going to get money to support my kids, to feed my kids and to pay my rent,” Mejia said. “I don’t know what I’m going to do this month.”
Large companies consistently fail to treat employees like Mejia as people, as opposed to “cogs in a wheel,” Pedigo said. He called their choice to spread wages among part-time employees instead of hiring full-time workers “reprehensible.”
“We have a choice we have to make about how we move forward,” Pedigo said. “Do we move forward together based on the common good, or do we move forward based on the bottom line and the profit margin?”
By Jessica Floum
Source
National educators tour Kentucky Family Resource and Youth Service Centers
National educators tour Kentucky Family Resource and Youth Service Centers
National education leaders are taking notice of the impact the Kentucky Family Resource and Youth Service Centers (...
National education leaders are taking notice of the impact the Kentucky Family Resource and Youth Service Centers (FRYSC) are making across the commonwealth.
An impressive list of these leaders visited Kentucky in late September to see first-hand the array of services the FRYSC Program provides by serving as the vital link between classrooms, families, and communities.
Officials from the National Education Association, Center for Popular Democracy, and the Communities in schools organization initiated the trip.
Participants represented a multi- disciplinary group of educational activists as well as teachers, principles and administrators from public school systems across the country.
Doug Jones, manager of FRYSC Region 7, helped organize the trip by choosing sites for tours in both rural and urban areas.
Source: KFVS12.com
So-Called 'Common Sense' Immigration Plan Denounced as 'Mass Deportation Bill'
So-Called 'Common Sense' Immigration Plan Denounced as 'Mass Deportation Bill'
Following news on Wednesday that a bipartisan group of senators known as the "Common Sense Caucus" reached a deal on an...
Following news on Wednesday that a bipartisan group of senators known as the "Common Sense Caucus" reached a deal on an immigration measure that would grant President Donald Trump's demands for border wall funding and cuts to family reunification programs, immigrant rights groups denounced the proposed plan as a "mass deportation bill" and implored Democrats to vote against it.
Read the full article here.
Why the Federal Reserve Needs To Go Beyond Interest Rate Policy
Why the Federal Reserve Needs To Go Beyond Interest Rate Policy
KIM BROWN, TRNN: Welcome to the Real News Network. Im Kim Brown in Baltimore. Interests rates will remain unchanged....
KIM BROWN, TRNN: Welcome to the Real News Network. Im Kim Brown in Baltimore.
Interests rates will remain unchanged. That coming out of this weeks meeting of the Federal Reserve in DC. The official word from the feds, per their own statement, was that job gains have been solid, that household spending has been growing strongly, and inflation is running below expectations. But does this mean that the economy is actually doing well or are we still in a recession dressed up to appear better than what it actually is?
Joining us today from New York City is Jerald Epstein. Jerald is the co-director of the Political Economy Research Institute. Hes also professor of economics at the University of Massachusetts at Amherst. Jerald welcome back.
JERALD EPSTEIN: Thanks a lot Kim.
BROWN: Jerald lets start with the basics and then we can delve a little bit deeper. If the economy is showing the signs of strength as the Fed has indicated, then why didnt they raise interest rates now and do you think that they are likely to do so at all this year?
EPSTEIN: Well I think Janet Yellen whos the chair of the Fed, is aware that even though its been showing strength and the economy has been growing moderately for several years now, that theres still much more room to go. That is that wage growth has gone up a tiny bit more than inflation recently, its still pretty stagnant, pretty flat line and she knows theres still a number of workers out that who are so discouraged that they havent joined the labor force. So Janet Yellen is concerned about the labor force and the growth of wages but the problem is twofold. First of all, its always dangerous to raise interest rates around election time. So traditionally the federal reserve, theyll try not to do that, move interest rates right around an election. So thats one factor leading them not to do anything.
The second factor leading them not to do anything is that keeping inflation under control is one of their main mandates. They have two. Maintaining inflation at a low rate and they have a 2% target, and reaching high employment. Inflation is still below 2%. Theres really no signs of inflation going up. So theres no compelling reason from the point of view of the macro economy to raise interest rates.
BROWN: Its funny that you mention that the Fed is less likely to raise interest rates or even mess with the interest rate around election time because the Republican nominee for president, Donald Trump has already accused Chairwoman Yellen of keeping the interest rates unchanged in order to appease the Obama administration. She of course has denied this. What are your thoughts?
EPSTEIN: Well I dont think she did it for Clinton or Obama. But it is I think a tradition and its common for Federal Reserves not to raise and certainly change interest rates right before an election. So she is in sort of a tradition of what the Federal Reserve typically does. And its also typical especially recently for politicians to make the Federal Reserve the whipping boy or girl for political reasons. Sometimes theres good reasons. For that.
But there was something kind of unusual for this meeting. In the recent meetings its been unanimous to keep interest rates the same or to mostly do what the Federal Reserve has done. But this time it was quite contentious. There were actually 3 people on the federal open market committee, the ones who make this decision who voted to raise interest rates.
This is kind of challenge to Janet Yellens leadership in this regard and it also shows what kind of pressure the Federal Reserve is under, particularly from the banks and the mutual fund industry, the insurance industry because with interest rates being so low, its very difficult for them to eek out much of a profit. And is typically the case when interest rates are very low for a very long period of time. Some sectors and very powerful important sectors of the financial industry push very hard for interest rates to be raised and they usually get a pretty good hearing at the Federal Reserve [be]cause the Federal Reserve has traditionally done pretty much what the banks have wanted them to do.
BROWN: Jerald it seems as if theres not enough agreement between the Federal Reserve and among every day Americans on how well this economic recovery is going. So lets unpack some of the elements of this. Starting with Chairwoman Janet Yellens comments on labor markets.
JANET YELLEN: Were generally pleased with the progress of the economy and the decision not to raise rates today and to wait for some further evidence that were continuing on this course is largely based on the judgement that were not seeing evidence that the economy is overheating and that we are seeing evidence that people are being drawn in in larger numbers than what I wouldve expected into the labor market and that thats healthy to continue.
BROWN: So the unemployment rate was under 5% in August and the caveat to that is more Americans are working part-time jobs. Plus, the gig economy is one way that people are surviving and supplementing their income. So is unemployment published monthly by the Bureau of Labor statistics, giving us an accurate figure on the number of Americans who are out of the labor force?
EPSTEIN: They dont have an accurate number. They have estimates and I think its true that theres still quite a few so called discouraged workers who are out of the labor force. Its also the case like we said in the beginning that wage growth has been stagnant. Look, the Federal Reserve has a real dilemma here. On the one hand and this is typically the case with Janet Yellen who I think does want to indicate that their policies have had some effect, otherwise nobody will want them to continue these policies. And she thinks that they have had some positive effect on employment and I think they have.
But on the other hand their policies cannot turn around the long run decline of our economy. We need much different kinds, much bigger, much more radical policies in terms of public investment to generate jobs, hiking the minimum wage to a living wage, providing much more in a way of a safety net for workers, protecting pensions and other investments. So the list is very, very broad and very deep. And the Federal Reserve has been pretty reluctant to go further down that list.
The Federal Reserve could do more. They could use different tools to invest directly in the economy. Theres a group called Fed Up which has proposed that they do this. But Janet Yellen and her committee want to stay pretty close to their broader toolkit that theyve developed and are really afraid to, I think take more radical action which they plausibly could take.
But in the end it really raises questions of the Federal Reserves legitimacy. Can they take some kind of really radical action without the broader government saying go ahead and do it? And until the political stalemate we have is resolved, Im afraid the Federal Reserve cant do much more and that means this kind of stagnation in wages and so forth is going to continue.
BROWN: Jerald you raise an excellent point about wage stagnation and how wages have largely remained flat going back 20, 30, and even 40 years depending on who you ask. But new census data this month says that household income jumped over 5% which is the largest such gain in decades but that top 1% of Americans saw an increase of around 7% rise in their income. If most of the economic recovery gained since the great recession of 2007, 2008--if most of these gains have gone to the top1%, does it still count as a recovery if its not being felt by the majority of Americans?
EPSTEIN: No it does and this has been a very lopsided so called recovery and yes there have been some modest gains for the middle class and some working class people. So the Federal Reserve actions have had some positive effect. But until you really change the structure, change the tax policies so that the wealthy have to pay more of their taxes so the multinational corporations cant park their earnings overseas and not pay any taxes like Apple and other corporations have been doing until you have much more aggressive jobs programs to bring about a Green transition and many other things. Were not going to have a real recovery. These kind of very small sorts of gains which are gains but arent enough are going to be the best were going to see.
BROWN: Jerald whats keeping inflation in check right now? Is it cheap oil prices?
EPSTEIN: Its several things. First of all, cheap oil prices and other commodity prices are one thing. But theyre also partially related to the headwinds in the global economy against economic growth. Chinas not growing as much so theyre not demanding as much oil and other commodities. Many other developing countries arent growing so fast. Europe isnt growing hardly at all.
So this really dampens the demand for all of these commodities and with these prices going down that does keep inflation in check. The other thing is, all of the forces that are keeping wages in check. That is, imports from China, the union busting thats been going on, the threat of multinational corporations to move abroad. All of these factors plus more are making it very difficult for workers to have their wages go up. Wages are a cost so that to some extent keep inflation in check as well.
And finally you have the retail industry thats subject to loss of competition that just keeps squeezing and squeezing and squeezing workers more and more. Until we get big increase in the minimum wage, until we get policies to put workers back to work at well-paying jobs, were not going to see real wages go up and were also not going to see prices go up very much at all.
BROWN: And lastly Jerald, the wealthiest Americans, the top 1% of Americans are fairing very well and we are experiencing income inequality probably at the largest gap since the Gilded Age. We have seen so many sickle economic bubble burst over the past 20 years with the tech bubble bursting in the late 90s and the housing bubble bursting in the mid 00s. Are we at risk of another such economic bubble burst on the horizon any time soon.
EPSTEIN: Yes, were always at that kind of risk. Its hard to see where exactly the bubble would come from. There are little bubblets going on all over the place that dont seem so broad and connected up with debt and the financial system that it seems as so were going to have a kind of bubble burst the way we saw in 2007, 2008 but we might have bubblets burst in the high tech industry and so forth. Whats more likely is this slow burn of stagnation and increases in distress effecting so many people in the United States except for the wealthy who will continue to do very well. Not only income inequality at all-time highs, wealth inequality, how much assets people own has grown and grow and grow and grown. If you look for example, if the net wealth, that is assets minus liabilities, minus debt of African Americans in this country. A report recently came out that said, the median net wealth of African Americans is zero. Theres no net wealth. So this system cannot continue to go in this form. It helps to explain a lot of the political disorder that were seeing. The political fighting up were seeing and its just going to keep going unless we have some fundamental changes in the economy.
BROWN: Indeed. Weve been speaking with Jerald Epstein. Jerald is a co-director of the Political Economy Research Institute. Hes also professor of economics at the University of Massachusetts at Amherst. Jerald as always, we appreciate you joining us here on the Real News.
EPSTEIN: Thank you very much Kim.
BROWN: And thank you for tuning in to the Real News Network.
End
DISCLAIMER: Please note that transcripts for The Real News Network are typed from a
recording of the program. TRNN cannot guarantee their complete accuracy.
Source
Ana María Archila and Héctor Figueroa on Immigration Reform
Cuatro panelistas explican los logros y obstáculos de las marchas pro-inmigrantes de primero de mayo que llevan ya casi...
Cuatro panelistas explican los logros y obstáculos de las marchas pro-inmigrantes de primero de mayo que llevan ya casi una década. Visitan el programa Héctor Figueroa, presidente del sindicato 32BJ, la abogada, directora de la Coalición del Norte de Manhattan por los Derechos de los Inmigrantes Ángela Fernández, el pastor luterano Fabián Arias de la iglesia Sión y Ana María Archila, co-directora ejecutiva del Centro por la Democracia Popular.
New York Must Take Action Against Corporate Backers of Hate
New York Must Take Action Against Corporate Backers of Hate
Make the Road New York and the Center for Popular Democracy recently exposed President Trump’s corporate “backers of...
Make the Road New York and the Center for Popular Democracy recently exposed President Trump’s corporate “backers of hate,” companies that stand to profit off an agenda so steeped in hate, prejudice, and greed, you would have to be willfully blind not to see it.
Nothing is more dangerous than business as usual when it is conducted in a moral vacuum, and these companies have been more than happy to go along for the ride: Goldman Sachs, Blackstone, JPMorgan Chase, Wells Fargo, Blackrock, Boeing, IBM, Uber, and Disney all seem eager to cash in on the Trump agenda.
Read the full article here.
Protesters disrupt Senate hearing on health care bill that may be dead
Protesters disrupt Senate hearing on health care bill that may be dead
WASHINGTON — The Republican bill to replace Obamacare appears all but dead in the Senate, but the chamber’s Finance...
WASHINGTON — The Republican bill to replace Obamacare appears all but dead in the Senate, but the chamber’s Finance Committee proceeded with a hearing on it anyway Monday afternoon.
Finance Chairman Orrin Hatch asked by a reporter what chance the bill has of passing, replied “Zero. ... I don’t think it has much chance. The Democrats aren’t going to support it. They’re too interested in demagoguing it.”
Read the full article here.
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