#Finlit, #K12 Teachers,#Labor #Unions, #Pensions #Retirement #Charters vs #DNC

#TEACHERS #FINANCIAL LITERACY – #DNC

THE DNC – was the party who used to care about inequality remember?
The DNC used to care about poor people but stopped caring a long time ago.

#Finlit, #K12 Teachers,#Labor #Unions, #Pensions #Retirement #Charters vs #DNC

A summary by category of WikiLeaks’ finds http://www.vaskal.ca/podestafiles  pic.twitter.com/4c2U2EYCiO

% of children living in poverty.
1 Turkey – 25.3%
2 Israel – 24.3%
3 Spain – 23.4%
4 Chile – 22.5%
5 US – 20.5%
(OECD)

The DNC threw Bernie under the bus.

In 6 states preschool teachers are paid less than the federal poverty wage for a family of four. Many have to work a 2nd job. #PreKPaygap
“The evidence is overwhelming that giving children a strong start has profound effects on their life outcomes.”

49 million Americans struggle to put food on the table. In the US, hunger isn’t caused by a lack of food, but rather the continued prevalence of poverty. U.S. food banks say they face slow and steady starvation.

The lavish contribution from LABOR to the DNC was a payment for past loyalty and a down payment on future services that was a complete waste of money! There is no broad working-class rage in the U.S. or the labor unions would have backed Bernie Sanders.

The Democratic Party’s power brokers clearly have no interest in pursuing even a tepidly pro-labor agenda. They just want the unions’ cash.

The Podesta emails show that Democratic power brokers won’t reward labor’s unwavering loyalty or record contributions.

THE UNION FEDERATION contributions to politicians (almost entirely Democrats) are up 38 percent, with the AFL-CIO chipping in $11 million and SEIU over $30 million who helped sink Bernie Sanders NEVER supported $15.00 an hour wage platform working-class agenda to escape poverty wages and Hillary Clinton sat on the Walmarts Board the whole time and never protested about abusive labor practices.
https://archive.is/JSbgM
https://www.jacobinmag.com/2016/10/hillary-clinton-unions-trumka-iam-nnu-weingarten/

DNC Equal Pay
http://money.cnn.com/2016/10/21/news/clinton-paid-women-less/
Hillary Clinton says men and women should make equal pay. But the Clinton Foundation’s leadership team had an average $81,000 average
gender pay gap, according to the most recent figures available.
https://wikileaks.org/podesta-emails/emailid/14473

DFER is a front for hedge fund billionaires behind Education Reform
President Obama and Hillary Clinton favor charters.
Liam Kerr, head of DFER Massachusetts of New York Mr. Kerr was replaced by political consultant Frank Perullo, former channeler of Alice Walton’s WalMart inheritance. But then on October 25 Mr. Kerr was back as spokesman for Obama’s Legacy announcing that the group would spend $500,000.00 to shore up sinking support among Democrats.
http://blogs.wgbh.org/masspoliticsprofs/2016/10/31/crooked-path-democrats-education-reform/

#Jump$tart Coalition ‏@NatlJumpStart #finlit #teachers
National Educator Conference #JSNEC16
@NextGenPF supporting #JSNEC16, supports #finlit and #teachers
http://www.jumpstart.org/teacher-conference.html
Registration Fee – $425 for classroom teachers $575 for Other Educators

Thanks @WellsFargo for underwriting #JSNEC16
https://twitter.com/LLevine/status/789463790987378688

Wells Fargo caught in one of the worst scandals in its nearly 200-year history.
And this company is in the schools teaching teachers and children about “Financial Literacy”

Members of Congress were absolutely shocked – shocked! – that the employees of the commercial bank of Wells Fargo had created several million accounts and credit cards that their customers had never asked for simply to meet sales quotas set by the bank and/or to obtain bonuses.
Wells Fargo CEO John Stumpf will retire effective immediately, the company announced Wednesday, marking a stunning downfall for one of the banking industry’s most powerful figures. Staff at Wells Fargo, the third-largest U.S. bank, had opened these accounts in retail customers’ names without their knowledge in order to boost their sales figures, regulators alleged in a Sept. 8 settlement. The scandal has also triggered monetary penalties, compensation clawbacks, lost business and damage to Wells Fargo’s reputation.
http://money.cnn.com/2016/10/12/investing/wells-fargo-ceo-john-stumpf-retires/index.html

Wells Fargo / Citizens Bank
Burglarized By YOUR BANK?
YES it’s legal even when it’s not abandoned and that’s not legal. “Trash and lockout” Buffett, is Wells Fargo’s largest shareholder. Buffett had input into that whole thing: every decision that’s been made” since the scandal erupted.
http://newyork.cbslocal.com/2016/10/28/bank-burglary/
https://archive.is/AnZ4Y

And Banks Come into the Schools to Sells Teachers Health Insurance
“When you have your health insurance on the line, you will do whatever you can to get a commission.” – SICK
http://www.nytimes.com/2016/10/27/your-money/403-b-retirement-plans-teachers-brokers-fees.html
https://archive.is/JYXKW
“Teachers are still being preyed upon by salespeople,” said Dan Otter, who founded the website 403bwise.com
Brokers discuss the high-pressure job of selling vaiable annnuities for 203(b) plans to public schoolteachers. “Teachers are still being preyed upon
by salespeople,” said Dan Otter, founder of the advocacy and educational site 403bwise.com.
Take an employee with a starting salary of $40,000 who saved 6 percent of her salary over a 40-year career. She would retire with about $175,000 when paying annual fees of 2 percent, assuming a 4 percent return after inflation, according to an analysis conducted by Vanguard. (The analysis also assumes that her salary rises 1 percent annually, also adjusted for inflation.)
But she would have 25 percent more, or a total of nearly $218,000, if fees had been 1 percent, and almost $260,000 if she paid 0.25 percent in fees.

Teacher Retirement Assets

Hillary Clinton Economic Advisers Planned Secret Meeting and met with Blackstone Wall Street Firm President Tony James days before he promoted a plan to push retiree savings to financial firms! Major public pension systems, citing high fees and weaker-than-expected returns, are selling off some of their holdings in alternative investment firms, the plan proposes to create a new government-mandated stream of income for those same firms. The plan also emerged at a moment when momentum appears to be building behind an alternate Democratic plan to instead expand Social Security — a proposal that has no profit potential for Wall Street firms like Blackstone.
http://www.ibtimes.com/political-capital/hillary-clinton-economic-team-planned-secret-meeting-wall-street-mogul-pushing

Documents show Wall St using profits off public school teachers pensions to bankroll charter school expansion. Wall Street Firms Make Money
From Teachers’ Pensions — And Fund Charter Schools Fight
http://www.ibtimes.com/political-capital/wall-street-firms-make-money-teachers-pensions-fund-charter-schools-fight-2437702

TEACHER – DEPARTMENT OF EDUCATION – DNC – BANKERS
2016 PUBLIC INVESTMENT IN K-12 SCHOOLS HAS DECLINED DRAMATICALLY IN A NUMBER OF STATES OVER THE LAST DECADE.
State Funding Fell Sharply, and Local Funding Didn’t Make Up the Difference. Current-Year Data Show General Formula Funding Still Down in Many
States.
FIVE OF EIGHT STATES WITH DEEPEST K-12 CUTS ALSO CUT PERSONAL OR CORPORATE INCOME TAXES SINCE 2008.
Combined State and Local School Funding Per Student Below 2008 Levels in Most States.
No state economy has done worse over the last 5 years than right-wing paradise Kansas. What is amazing is the continued support for the GOP in Kansas, trickle down, tax cuts a stimulus all fail. Wizard of Oz will never be able to save Dorothy !!! https://archive.is/15y4u

State Education Budgets Still Recovering From Recession, Study Shows
https://archive.is/Xfc7h
State funding for school districts accounts for an average of 47 percent of school budgets nationally. An analysis by the Center on Budget and Policy Priorities, a Washington-based, left-leaning nonprofit, found that 23 states are providing less “formula funding” on a per-student basis than they were before budget cuts in 2008.
“Formula” or “general” funding is where states spend most of their K-12 dollars, according to the researchers, and pays for the day-to-day academic operations of school systems directly. Total funding for K-12 from states, on the other hand, includes auxiliary spending such as bus transportation or employee pensions.
As of 2014, the most recent year with complete data, total state funding on a per student basis was still behind pre-recession levels in 35 states, according to the analysis.
After Nearly a Decade, School Investments Still Way Down in Some States
Public investment in K-12 schools — crucial for communities to thrive and the U.S. economy to offer broad opportunity — has declined dramatically in a number of states over the last decade. Worse, most of the deepest-cutting states have also cut income tax rates, weakening their main revenue source for supporting schools.
At least 23 states will provide less “general” or “formula” funding — the primary form of state support for elementary and secondary schools — in the current school year (2017) than when the Great Recession took hold in 2008, our survey of state budget documents finds. Eight states have cut general funding per student by about 10 percent or more over this period. Five of those eight — Arizona, Kansas, North Carolina, Oklahoma, and Wisconsin — enacted income tax rate cuts costing tens or hundreds of millions of dollars each year rather than restore education funding.
Most states raised general funding per student this year, but 19 states imposed new cuts, even as the national economy continues to improve.
Some of these states, including Oklahoma, Kansas, and North Carolina, already were among the deepest-cutting states since the recession hit.
Our country’s future depends heavily on the quality of its schools. Increasing financial support can help K-12 schools implement proven reforms such as hiring and retaining excellent teachers, reducing class sizes, and expanding the availability of high-quality early education. So it’s problematic that so many states have headed in the opposite direction over the last decade. These cuts risk undermining schools’ capacity to
develop the intelligence and creativity of the next generation of workers and entrepreneurs.
https://archive.is/5AvcP

This story prompts teachers unions to call an investigation
http://bit.ly/2e5WB0W via @davidsirota & @AASchapiro

 

REFERENDUM #2 ON THE EXPANSION OF CHARTER SCHOOLS IN MASSACHUSETTS GETS VOTED NO

Pro People Bernie Sanders / Elizabeth Warren / Unions and the Democratic STATE Committee ONLY SILENCE FROM HRC EXACTLY LIKE WHEN SHE WAS ON THE BOARD OF WALMART AND WOULDN’T HELP LABOR THEN EITHER. YOU CAN GUESS WHICH SIDE SHE IS ON.

Teachers unions are leading the charge to kill a bill with support from Sen. Warren, Sanders, Boston Mayor Walsh and the DSC. 

 EDUCATION IS A BUSINESS  Ed Sec John Kin Jr., Arne Duncan, Stephen Lynch, Robert DeLeo and the Republicans lawmakers and Gov. Chalie Baker and then the BILLIONAIRES  Michael Bloomberg.

K12 EDUCATION IS IN THE BUSINESS OF MAKING MONEY NOT ABOUT EDUCATION.

U.S. banks have crossed a significant post-financial crisis milestone, tallying more $200 billion in fines paid out regarding questionable behavior.

Donald Trump’s financial advisory team stocked with Wall Streeters

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