Tag Archives: United States

Wells Fargo


Wells Fargo vs. Bernetta Adolph

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Bernetta Adolph taking action against Wells Fargo.

CFS Logo Connect with the Campaign for a Fair Settlement

Bernetta Adolph is a member of CFS partner Home Defenders League. We thought you’d want to hear about her story and help her and thousands of others fight back against Wells Fargo.
–Brian, Campaign for a Fair Settlement


Retired. Cancer survivor. Disabled. Single mother. Senior. And Wells Fargo is about to steal my home.
My name is Bernetta Adolph, a retired employee of the City of San Francisco, and I’ve lived in my home for almost 20 years. My trouble with Wells Fargo started when I took out a loan against my house in order to ensure my only son could afford a good education.
Click here to tell Wells Fargo to keep me in my home and add your voice thousands of others taking dramatic action against Wells Fargo across California and Minnesota on Wednesday the 27th!
It turns out the loan to provide for my son’s future was designed to ruin my own. It was predatory, calculated to strip my equity and set me up for failure. When I tried to work with Wells to fix the loan, they offered a modification so small it didn’t make any difference. Then they started trying to take my house. The stress hastened my blindness and continues to aggravate my health problems.
But I’m far from the only one to have suffered at the hands of Wells Fargo bankers. Here’s what I’ve found out:

  • Wells Fargo is foreclosing on more people in California than any other bank. [1]
  • Wells Fargo paid $175 million to settle a lawsuit by the U.S. Department of Justice alleging that it targeted African-American and Latino borrowers for high-cost loans. [2]
  • From 2008-2010 Wells Fargo received $17.9 Billion in tax subsidies from you and me. [3]

These reasons plus stopping the theft of my home are why I’m proud that the Campaign for a Fair Settlement is joining with me, the Home Defenders League, and my home-state organization, the Alliance of Californians for Community Empowerment, to take on Wells Fargo directly by demonstrating at their branches and headquarters all over the state.You can add your voice to our direct actions by signing the petition here.
Not only that, but we’re also teaming up with Neighborhoods Organizing for Change,Occupy Homes MN, and Minnesotans for a Fair Economy to make the message as powerful as possible. Those groups are leading a huge day of action against Wells in Minneapolis the same time we’ll be taking them on in California. Here’s what we’re demanding:

  • Deliver on promised relief through full implementation of AG settlement and other programs.
  • Broadly implement of loan modifications by resetting mortgages to fair market value.
  • Restore our stolen wealth by ending predatory practices, ending discriminatory lending and paying your fair share of taxes.

Add your voice and tell Wells Fargo to keep me in my home and pay us back!
Since his inauguration in January, we’ve been pushing President Obama to use the first 100 days of his second term to finally hold Wall Street banks like Wells Fargo accountable for breaking our economy. This is the week we broaden the “100 Days to Fix What Wall Street Broke” campaign to Wall Street itself. They are the ones with our savings and our homes. It’s time for them to pay us back. Starting with Wells Fargo.
Click here to tell Wells Fargo it’s time to pay us back!
In solidarity,
Bernetta Adolph, ACCE and Home Defenders League member
 
[1] Based on statistics found in Foreclosure Radar, http://www.foreclosureradar.com [2] http://www.justice.gov/opa/pr/2012/July/12-dag-869.html [3] http://www.ctj.org/taxjusticedigest/archive/2011/11/tax_dodger_wells_fargo.php#.USfd0zDWi3w

Will our USPS be sold out?


 by Rashad Robinson, ColorOfChange.org
House Republicans are trying to bankrupt the post office — so they can privatize it.postal worker sorting mailTell Congress: Stand up for postal workers and the public. Hands off our Postal Service!Join Us

House Republicans are jumping at the chance to put the U.S. Postal Service — one of America’s most widely-used and well-trusted civic institutions1 — on the chopping block, and to throw a half million largely Black and female unionized workers out of a job.2,3

It’s a scandal. By most mainstream news accounts, the USPS is broke and beyond repair. The media is now parroting what used to be far-right talking points about actually selling off, or privatizing, the postal system outright.4

Except the post office isn’t broke — and hasn’t taken a dime of taxpayer money since 1971.5 Congress created the USPS’s financial crisis, and they could end it today. A Bush-era requirement that the Postal Service pre-fund its retiree benefits 75 years into the future — a burden imposed on no other government agency or private employer — has been digging the otherwise profitable Postal Service deeper and deeper into the red.6,7 Instead of working to fix the problem, Republicans in the House are taking advantage of the post office’s financial vulnerability to try to shut it down.

Please join us in urging Congress to enact postal reform that drops the USPS’s unfair 75-year pre-funding burden and keeps the post office in service to the public.

Due to its exceptional efficiency,8 the Postal Service has managed to turn a profit on postal sales in the worst economy since the Great Depression. But the massive pre-funding payments required by Congress have added up, and the USPS’s financial situation is now so dire that the Postmaster General is threatening to cut Saturday mail delivery.9 Such a move would immediately slash 18% of the postal workforce10 and create delays for Veterans’ and Social Security checks, putting people who are already struggling to make it to the end of the month at even greater risk.11

Because of its obligation and responsibility to provide affordable, universal service, only the USPS can be counted on to reach every home in America, rain or shine. After Superstorm Sandy, which severed public transportation links and shuttered retail for weeks in the worst-hit areas, the Postal Service was all many had to rely on for access to life-saving medicines.12 Live in an urban neighborhood “too dangerous” for UPS and FedEx, or down a remote rural lane? Without the USPS you’d receive no service at all.13

The public sector is under relentless right-wing attack14 — and Black working women are bearing the brunt. Nationwide, 40% of postal workers are women and 20% are Black, although in cities like Chicago, Black letter carriers can comprise upwards of 75% of the local USPS workforce.15 When the country is still experiencing nearly 8% unemployment — and Black unemployment has climbed back up to 14%16 — any deliberate effort to put even more of us out of work is indefensible.

The Postal Service must continue to work for all of us. Please join us in urging Congress to stop bankrupting the USPS’s future and adopt real postal reform that respects workers and our communities.

Claims that mail delivery has been made obsolete by the advent of email and online bill payment ring hollow for the 46% of Black Americans without access to high-speed Internet in their homes.17 And making financial transactions online isn’t an option for the more than 37 million American households — over 60% of whom are Black or Latino — without a bank account or access to formal credit,18 for whom inexpensive post office money orders meet a vitally important need.

Congress will make a decision on ending Saturday delivery as early as next Friday, setting the stage for a showdown on the larger question of retiree benefits in March. To that end, Congress is now working on competing proposals for postal reform that will result in either further punishing and privatizing the Postal Service, or in removing obstacles to innovation and expanding USPS’s flexibility to meet additional critical needs — including by offering public Internet access, community banking and expanded vote by mail.19,20,21

Please join us in urging Congress to stand up for postal workers and the public, by adopting postal reform legislation that rejects privatization and puts the post office back on solid financial ground. And when you do, please tell your friends and family to do the same.

Thanks and Peace,

–Rashad, Matt, Arisha, Kim and the rest of the ColorOfChange.org team    February 21st, 2013

Help support our work. ColorOfChange.org is powered by YOU—your energy and dollars. We take no money from lobbyists or large corporations that don’t share our values, and our tiny staff ensures your contributions go a long way.

References

1. “The Postal Service is struggling, but not because of the mail,” Washington Post, 07-19-12 http://act.colorofchange.org/go/2245?t=10&akid=2820.1174326.XREeCr

2. “Postal Workers: The Last Union,” Truthout, 09-08-11 http://act.colorofchange.org/go/2246?t=12&akid=2820.1174326.XREeCr

3. “USPS’s Largely Black and Female Workforce Rallies to Save Jobs,” Colorlines, 09-28-11 http://act.colorofchange.org/go/2255?t=14&akid=2820.1174326.XREeCr

4. “Post Office Privatization Is Probably a Huge Real Estate Deal,” 08-02-12 http://act.colorofchange.org/go/2244?t=16&akid=2820.1174326.XREeCr

5. “The Post Office is not broke—and it hasn’t taken any of our tax money since 1971,” Hightower Lowdown, 03-01-12 http://act.colorofchange.org/go/2259?t=18&akid=2820.1174326.XREeCr

6. “Congress Can Block Postal Austerity, and Save Saturday Delivery,” The Nation, 02-13-13 http://act.colorofchange.org/go/2248?t=20&akid=2820.1174326.XREeCr

7. “Mandate pushed Postal Service into the red for first quarter,” Washington Post, 02-08-13 http://act.colorofchange.org/go/2249?t=22&akid=2820.1174326.XREeCr

8. “Why the Postal Service Is Going Out of Business,” Forbes, 12-06-11 http://act.colorofchange.org/go/2258?t=24&akid=2820.1174326.XREeCr

9. See reference 6.

10. “Dead Letter Blues,” Jacobin, 02-11-13 http://act.colorofchange.org/go/2272?t=26&akid=2820.1174326.XREeCr

11. “Nader, Bernie Sanders Slam Postal Service for No Sat. Delivery,” The Progressive, 02-06-13 http://act.colorofchange.org/go/2251?t=28&akid=2820.1174326.XREeCr

12. “Do We Really Want to Live Without the Post Office?” Esquire, 01-22-13 http://act.colorofchange.org/go/2254?t=30&akid=2820.1174326.XREeCr

13. See reference 2.

14. “The collateral damage of cutting postal service,” Washington Post, 02-12-13 http://act.colorofchange.org/go/2247?t=32&akid=2820.1174326.XREeCr

15. “U.S. Post Office cuts threaten source of black jobs,” Reuters, 01-21-13 http://act.colorofchange.org/go/2256?t=34&akid=2820.1174326.XREeCr

16. “Black Unemployment Rate Shoots Up from 12.9% to 14%,” Politic365, 01-04-13 http://act.colorofchange.org/go/2257?t=36&akid=2820.1174326.XREeCr

17. “Pew Internet: Broadband,” Pew Internet & American Life Project, 05-24-12 http://act.colorofchange.org/go/2252?t=38&akid=2820.1174326.XREeCr

18. “Black, Latino Consumers Severely Under-Banked,” Atlanta Black Star, 12-07-12 http://act.colorofchange.org/go/2253?t=40&akid=2820.1174326.XREeCr

19. “Issa’s Postal Service Reform Bill Includes Hidden Union Busting,” ThinkProgress, 07-14-11 http://act.colorofchange.org/go/2260?t=42&akid=2820.1174326.XREeCr

20. “End of Saturday Mail Delivery Gets Conservative Support,” Roll Call, 02-06-2013 http://act.colorofchange.org/go/2261?t=44&akid=2820.1174326.XREeCr

21. See reference 6.

Forward on Climate Rally – February 17, 2013


 

 

On February 17, nearly 50,000 Americans and 168 different organizations marched to the president’s front door to demand we go forward on climate.

This wasn’t just a one-time rally — it was the beginning of a movement. Now we need to show President Obama that those marchers represented millions of us across the country.

There are three steps President Obama can take right now, without waiting on Congress, to start fulfilling his promise to lead on climate. It’s up to you to help him take those steps.

Call the White House today at (202) 456-1111 and tell them that, for the sake of our future, we need President Obama to:

  1. Stop Keystone XL and other tar sands infrastructure
  2. Enact strong standards to limit carbon pollution from our nation’s dirty power plants
  3. Protect America’s lands — including the Arctic — from oil, coal, and unregulated fracking

If the line is busy, keep trying!

What President Obama Wants to Do for Education


What You Need to Know About President Obama’s Plan to Provide High-Quality Early Education for All ChildrenThe beginning years of a child’s life are critical for building the early foundation needed for success later in school and in life. Leading economists agree that high-quality early learning programs can help level the playing field for children from lower-income families on vocabulary, social and emotional development, while helping students to stay on track and stay engaged in the early elementary grades. Children who attend these programs are more likely to do well in school, find good jobs, and succeed in their careers than those who don’t.

That’s why, in his State of the Union Address, President Obama called on Congress to expand access to high-quality pre-school to every child in America.

Find out more about President Obama’s plan to help our children and our future.

But fewer than three in ten four year olds are enrolled in a high-quality pre-school program

Obama Administration Launches College ScorecardFollowing the State of the Union, the Administration released an interactive “College Scorecard” that empowers families to make smart investments in higher education. As the President said in his State of the Union Address, we want to help families get the most bang for their educational buck.

The College Scorecard – part of President Obama’s continued efforts to hold colleges accountable for cost, value and quality – highlights key indicators about the cost and value of institutions across the country to help students choose a school that is well-suited to meet their needs, priced affordably, and is consistent with their educational and career goals.

Check out the College Scorecard.

Open for Questions: The State of the Union and Education

Last week, Secretary of Education Arne Duncan sat down to answer questions about President Obama’s State of the Union Address and what it means for education.

Check it out:

Sec. Arne Duncan participates in an Open for Questions on Education

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Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October 2012 Through December 2012


Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October 2012 Through December 2012

As required by law, CBO prepares regular reports on its estimate of the number of jobs created by the American Recovery and Reinvestment Act of 2009 (ARRA), which was enacted in response to significant weakness in the economy.

In total, CBO estimates that ARRA will increase budget deficits by about $830 billion over the 2009–2019 period. By CBO’s estimate, close to half of that impact occurred in fiscal year 2010, and more than 90 percent of ARRA’s budgetary impact was realized by the end of December 2012.