Fed Up With Being Shut Out of Federal Reserve, Activists Descend on Summit
Specifically, the coalition is warning against the very real prospect of higher interest rates, saying a rate hike...
Specifically, the coalition is warning against the very real prospect of higher interest rates, saying a rate hike would slow the economy and harm those for whom the so-called "recovery" has been weakest, including poor people, women, and communities of color.Instead, the coalition is calling on the Fed to ditch those plans and give vulnerable communities, including "tens of millions of Black Americans who are still struggling," a say in economic policy.
Fed officials have for months signaled an intent to raise short-term interest rates—which were slashed to zero in 2008 in an effort to spur spending and investment—as soon as this fall or winter. As the Washington Post reported Thursday, reported wage growth "combined with the strong hiring and a rapidly falling unemployment rate, gave the Fed hope that the economy would be able to withstand the first rate hike in nearly a decade by the end of the year."
But recent volatility in stock markets in the U.S. and globally, as well as internal policy disagreements, are leading some economic observers to predict that the Fed may now beless likely to set a rate hike at its September meeting.
Regardless, the Fed Up campaign—anchored at the Center for Popular Democracy and supported by 25 groups including the Economic Policy Institute, Demos, and the AFL-CIO—says raising interest rates would be foolhardy.
And they're in Wyoming to make that view known. According to the Huffington Post, "Fed Up's member organizations brought over 100 primarily low-income grassroots activists from across the country for the gathering. It's a dramatic increase from its inaugural visit to Jackson Hole last year, when the campaign brought a group of 10 activists."
As Sam Ross-Brown wrote at the American Prospect this month, "Fed Up's goal is a more 'pro-worker' Federal Reserve, and their first step is stopping the Fed from hiking interest rates before wages and employment have a chance to catch up with the recovery. Building on a similar action last year, the coalition began circulating a petition this week demanding the Fed keep rates low until wages and employment rise."
"There is no data supporting the Fed's push for higher interest rates," said Ady Barkan, campaign director for Fed Up. "While they toy with halting the recovery, there is a crisis of stagnant wages and a lack of good jobs."
According to Whose Recovery? A National Convening on Inequality, Race, and the Federal Reserve—the Fed Up Coalition's policy agenda for three days of teach-ins and workshops in Jackson Hole—a rate hike would slow down the economy so that there are fewer new jobs and workers have less power to negotiate raises.
"By raising interest rates, the Federal Reserve will make it more expensive for us to pay our credit card, student loan, car, and mortgage payments," the Fed Up campaign says. "That means we will have less money in our pockets to buy the goods and services we need. And that will have a terrible ripple effect throughout the economy: businesses will earn less revenue, so they will lay off workers (or avoid hiring new workers) and they won’t be able or willing to give workers any raises. With bad job prospects and stagnant wages, working families won’t earn enough to buy the goods and services they need, which starts the whole cycle again."
"If this sounds like a terrible idea," the coalition continues, "that's because it is."
The Fed Up perspective is supported by economist Joseph Stiglitz, who spoke alongside the grassroots activists at an event on Thursday. The same day, Stiglitz wrote in an LA Timesop-ed:
It is hard to see why the Fed would choose slower job and wage growth for most Americans just to protect against the theoretical risk of moderately higher inflation. But, then again, it's often hard to understand the Fed's policy choices, which tend to contribute to widening inequality in the United States.
Too often, after the end of one recession, the Fed, fearing inflation, has used monetary policy to dampen the economic expansion. Its maneuvers keep inflation low but unemployment higher than it otherwise would be, negatively affecting all workers, not just those out of a job. Workers in jobs face greater stresses, downward pressure on wages and diminished opportunities for upward career mobility. The costs of higher unemployment are borne disproportionately by people in lower-income jobs, who also tend to be disproportionately people of color and women.
Beyond the particulars of interest rates and inflation, however, the Fed Up Coalition iscalling for the central bank to facilitate more robust public engagement and greater transparency, given its position as "arguably the nation's most powerful economic actor."
"For far too long, our communities have been isolated from the Federal Reserve’s policy choices," the coalition writes in Whose Recovery? "Monetary policy has been left up to the bankers and the economists, with the public largely shut out and confounded by its seeming complexity."
Unsurprisingly, the document continues, "[t]he consequences of this disengagement have been profound. For the past 45 years, with only a few exceptions, the Federal Reserve has set policy that benefits banks and harms borrowers, helps employers and hurts workers, and privileges the voices and needs of corporate elites rather than those of America's working families."
Source: CommonDreams
L Brands, owner of Victoria's Secret and Bath & Body Works, ending on-call scheduling
Dive Brief: L Brands Inc. is the latest retail company to end “on-call scheduling” in the face of a ...
L Brands Inc. is the latest retail company to end “on-call scheduling” in the face of a warning letter from New York Attorney General Eric Schneiderman that the practice likely violates state law.
The company said its Bath & Body Works stores and Victoria’s Secret stores are phasing out the practice nationwide.
Rise Up Georgia, a partner of the Fair Workweek Initiative at the Center for Popular Democracy, has been organizing L Brands workers and asking the company to end the practice, especially at Bath & Body Works stores, and says the latest move doesn’t go far enough.
Dive Insight:As the practice of on-call scheduling has drawn more scrutiny, lawmakers and regulators are calling for an end to the practice and taking steps, as Schneiderman's office has, to rein it in. Several jurisdictions, including a few states, already have laws on the books that could be used to temper or end the practice.
On-call scheduling uses algorithms to determine when workers are most needed or not, and many retailers have taken to sending workers home or having them at the ready without pay. That wreaks havoc on workers’ lives, hampering their ability to attend school, care for families, or hold down other jobs.
An improving job market is also helping make the practice less tenable as workers are more able to find jobs that are less disruptive to them.
Retailers should be prepared to see more such concerns, warnings, and even legislation as just-in time scheduling gets more scrutiny, Gail Gottehrer, a labor & employment litigator at Axinn Veltrop & Harkrider in New York who works on behalf of employers, told Retail Dive. The practice was a major concern when the San Francisco Board of Supervisors last year unanimously passed its Worker Bill of Rights law.
But some worker advocates say that L Brands move doesn’t go far enough.
"L Brand employees still have to put their lives on hold," Erin Hurley, an organizer for Rise Up Georgia and a former Bath & Body Works employee, said in a statement. "The company might have ended one type of on-call shifts, but it is still allowing for harmful shift practices: since July, they have been relying on shift extensions at Victoria’s Secret, which are on-call shifts by another name. While we celebrate the step forward, we call on L Brands to take a definitive step toward a fair workweek by giving workers shifts with definite start and end times, and enough hours to support their families.”
Schneiderman, meanwhile, praised the move while also making it clear that his office will continue to monitor the practice.
Recommended ReadingWall Street Journal: Bath & Body Works to End On-Call Scheduling
Source: RetailDive
Let’s Challenge Corporate Democrats and Fight for a Universal Jobs Guarantee
Let’s Challenge Corporate Democrats and Fight for a Universal Jobs Guarantee
“Ady Barkan became somewhat of a household name after he was spotted over and over again at protests against healthcare...
“Ady Barkan became somewhat of a household name after he was spotted over and over again at protests against healthcare cuts in Washington during the fight to protect the Affordable Care Act and then against the Republican tax bill. For Barkan, a longtime organizer who was diagnosed in 2016 with amyotrophic lateral sclerosis, or ALS, the fight for healthcare had become very personal. We sat down last week in Baltimore at the Congressional Progressive Caucus strategy summit, where Barkan, who masterminded the Fed Up campaign to challenge the Federal Reserve to adopt pro-worker policies, was being honored with the Tim Carpenter Advocate of the Year award. Ady Barkan: My name is Ady Barkan. I am 34 years old. I live in Santa Barbara, California, with my wife and toddler. I work at the Center for Popular Democracy.”
Read the full article here.
Teachers Union Questions Charter School Relationships With For-Profit Company
Teachers Union Questions Charter School Relationships With For-Profit Company
Denver’s teachers union is demanding Denver Public Schools halt the expansion of charter schools until district leaders...
Denver’s teachers union is demanding Denver Public Schools halt the expansion of charter schools until district leaders can ensure taxpayer money is not going to for-profit corporations.
The request comes on the heels of a study by an advocacy organization, the Center for Popular Democracy, based in New York. It alleges Denver’s largest charter school network – the Denver School of Science and Technology – paid between $20 million and $50 million to a for-profit company for employee and personnel services for DSST schools. During this time the company was owned by two of DSST’s founding directors.
The Center for Popular Democracy group says that relationship raises concerns about conflicts of interest.
DSST and Denver Public Schools deny any wrongdoing.
The district says that neither the district, DSST nor the company benefited financially and in fact there was a net loss to the company, which the district forgave when the company dissolved.
Money for independently run public charter schools is under great scrutiny now because of pending state legislation to shift more money to charter schools.
By Jenny Brundin
Source
The resistance is making opposition to the GOP health bill impossible to ignore
The resistance is making opposition to the GOP health bill impossible to ignore
Congress is back in town on Monday after a week-long July Fourth recess that was — at least for most Senate Republicans...
Congress is back in town on Monday after a week-long July Fourth recess that was — at least for most Senate Republicans — anything but a restful break from the health care debate roiling Capitol Hill. Senators ran into constituents at Independence Day parades who urged them to reject the GOP health bill.
At the few town halls GOP senators held, opponents to the health care bill yelled their objections. Not a single person spoke in favor of the bill at Kansas Sen. Jerry Moran’s town hall. If senators didn’t hold town halls, objectors made their voices heard anyway. On Thursday alone, about 50 protesters were arrested in acts of civil disobedience staged by more than 1,000 people in over 21 states.
Read the full article here.
Video: Mas de 30,000 empleados de Toys “R” Us piden su Indemnizacion
Video: Mas de 30,000 empleados de Toys “R” Us piden su Indemnizacion
Esta demanda se está llevando a cabo gracias a una campaña que cuenta con el apoyo del grupo activista Center for...
Esta demanda se está llevando a cabo gracias a una campaña que cuenta con el apoyo del grupo activista Center for Popular Democracy. Más de 50,000 personas han firmado una petición reclamando a la compañía este derecho monetario.
Mira el video aquí.
Rigorous Review of Nashville Charter Schools Needed
The Tennessean - April 14, 2015, by Stephen Henry & Erick Hutch - Teachers are joining parents and local community...
The Tennessean - April 14, 2015, by Stephen Henry & Erick Hutch - Teachers are joining parents and local community groups to ask the Metro Nashville Public School Board to adopt tougher accountability and transparency standards to protect students and taxpayers. Here's why.
We should all be working together to find a coordinated approach that serves all children.
Studies confirm that the proliferation of new charters is forcing existing under-funded public schools to compete for the same taxpayer dollars without proper checks and balances. There is also a growing concern among teachers and parents that we are not doing enough to ensure equal access to ALL of Nashville's public schools.
The Annenberg Institute for School Reform at Brown University recommends national standards for schools to protect students and the public. A mandate on transparency and equitable student policies ensures all students have fair access to the schools they deserve. The Institute also recommends all approved charter schools be fully funded by the state. Under our current system, Nashville taxpayers absorb the costs of state-approved charters already rejected locally.
Right now, charters cost our public school system $9,000 per student, according to a recent performance audit commissioned by the Metropolitan Government. We should require a rigorous financial review of charter expansion on our public school system – a prudent step before approving more charters.
A national study by the Center for Popular Democracy found charter school operators across the country were engaged in rampant abuses because they lacked appropriate oversight and transparency guidelines. Last month, the CPD released findings for an 11-point program for reform.
A local audit released in February, found that the unchecked expansion of new charter schools is taking a toll on existing schools. Specifically, the audit noted that when new charter schools open and compete for the same system resources, fixed costs at existing schools — such as maintenance, technology and health services —are often neglected as they cannot be reduced.
Additionally, the audit observed that existing schools cannot easily adjust staffing patterns as a result of new charters. "For these costs to be reduced significantly," the audit observed, "the school would need to close altogether." The audit also confirmed the results of a fall 2014 report that found "new charter schools will, with nearly 100 percent certainty, have a negative fiscal impact on MNPS."
As the search for the next director of MNPS begins, we need a leader who will commit the resources and support necessary for our existing schools to be successful. A single, 600-seat charter school requires $5.4 million annually from our public schools. At a time when our schools are universally considered to be under funded, now is the time to invest resources in public education instead of systematically starving it.
In 2010, the entire state of Tennessee had only 20 charter schools. In Nashville alone in the 2015-16 school year, 27 charter schools will operate at an annual cost of $75 million. Another 18 proposed charters are seeking to divert as much as $104 million annually. In fact, even if the school board approved no new charter schools, more than 5,000 charter seats will come into existence between now and the 2019-20 school year under previous charter approvals. That's the equivalent of adding five new MNPS middle schools.
It's time to protect students and taxpayers with common-sense standards that serve all of us.
Source
Volatile Schedules Exacerbate Inequality
New York Times - July 23, 2014, by Carrie Gleason - Across the economy, workers are either employed for too few hours...
New York Times - July 23, 2014, by Carrie Gleason - Across the economy, workers are either employed for too few hours or far too many in an ever-changing workweek that demands 24/7 availability, without guarantees of equal treatment or employee input.
The volatile work schedules of today erode earning potential, push workers out of the work force, and exacerbate inequality, especially for women and workers of color who are more likely to work part-time jobs. For a fair paycheck, these workers need wages and hours with dignity.
Workers, especially women, are coming together to say we need a voice in how much and when we work — so we can raise our families and join the middle class. Tiffany Beroid, who worked at Walmart, and Melody Pabon, who works at the clothing store Zara, both had fluctuating part-time schedules that made it impossible to keep their kids in stable childcare and plan their own schooling.
Ms. Beroid dropped out of school for a semester because Walmart cut her hours when she requested a new schedule. Ms. Pabon took her son out of formal childcare because her part-time job didn’t pay enough to cover the cost. Ms. Beroid and Ms. Pabon are part of the movement to restore a fair workweek, organizing at their jobs and sharing their stories on Capitol Hill at the introduction of the federal Schedules that Work Act.
This legislation would set standards for low-wage occupations. It would require two weeks notice of schedule changes, notification of minimum work hours and extra pay for on-call shifts or for workers who are sent home early. It would also give workers the right to request reasonable scheduling accommodations for serious health conditions, caregiving responsibilities and school.
While companies have a choice in how they schedule employees, the personal stories we've heard show that we can’t count on companies to do the right thing on their own. Along with the federal legislation, a new bill in San Francisco would provide new protections for part-time workers.
These proposals would create a new baseline of legal protections to ensure equity in the hours we work.
Source
Insurer To Cover Dying Activist’s Breathing Machine After Twitter Campaign
Insurer To Cover Dying Activist’s Breathing Machine After Twitter Campaign
The California-based insurance company HealthNet agreed to cover a breathing assistance machine for Ady Barkan, a 34-...
The California-based insurance company HealthNet agreed to cover a breathing assistance machine for Ady Barkan, a 34-year-old progressive activist afflicted with ALS, after his complaints about the company went viral on Twitter.
The company had initially refused to cover the costs of the machine on the grounds that it was “experimental,” according to Barkan.
Read the full article here.
At Least 32 Arrested During May Day Rally in New York City
NEW YORK (WABC) -- The police packed it in Monday night after the rally that took over Foley Square. The May Day rally...
To the wide range of advocates for an ever widening group of causes, this May Day was instead about unified resistance.
Read full article here.
5 days ago
5 days ago