Tuesday, September 10, 2024
Home Blog Page 55

Biden administration guts most of public charge rule, but immigrants still fearful

by Sunita Sohrabji

Ethnic Media Services

 

The Biden Administration last week gutted the signature Trump-era policy known as public charge, which effectively imposed a wealth tax on people seeking to gain permanent residency in the US.

The new rule will go into effect on Dec. 23. It has already undergone a 60-day public comment period, and thus needs no further adjudication before it takes effect.

The rule greatly narrows the definition of public charge to just two criteria: Temporary Assistance for Needy Families, and institutionalization for long-term care.

The Trump administration had broadened the definition of the seldom-used 1999 rule to include immigrants receiving Medicaid, public housing, or Supplemental Nutrition Assistance Program (SNAP) benefits as part of the public charge inadmissibility determination, even if they were applying for those benefits on behalf of their US born children.

The rule — which gave immigration officers the discretion to determine if an individual applying for a green card might become dependent on the government — would also have been imposed on people attempting to permanently enter the US.

Lawsuits and injunctions kept Trump’s policy from ever being imposed, except for a brief window in 2020. The US Supreme Court killed Trump’s rule in 2021, shortly after President Joe Biden took office.

But despite non-implementation, the rule had a chilling effect on immigrant communities. Millions of people disenrolled themselves and family members from federal benefits to which they were entitled, for fear of invoking public charge inadmissibility when they applied for permanent residency.

“This action (today) ensures fair and humane treatment of legal immigrants and their U.S. citizen family members,” said Secretary of Homeland Security Alejandro Mayorkas in a Sept. 8 press statement. “Consistent with America’s bedrock values, we will not penalize individuals for choosing to access the health benefits and other supplemental government services available to them.”

The public charge test potentially impacts approximately 10 million immigrants and 12 million children, many of whom are US citizens, but born into mixed-status families.

“We welcome this long-awaited change in policy. It will have a beneficial impact on millions of immigrants, primarily women and children,” said Essey Workie, director of the Migration Policy Institute Human Services Initiative.

“But while the rule is moving in the right direction, immigrant communities are still fearful of what might happen in the future. A change in administration might bring back the restrictive rules, impacting immigration status,” said Workie in an interview with Ethnic Media Services.

Lawsuits and injunctions are definitely expected, but those must be based on technical or procedural issues. “I don’t see that applying to this situation,” said Workie.

Zenobia Lai, executive director of the Houston Immigration Legal Services Collaborative, said: “The Department of Homeland Security has realized the chilling effects of the public charge rule on immigrant families, especially those with US born children. We must move from that chill to a thaw.”

She noted that benefits received by children or other family members would not count when an immigration officer determines whether an applicant is deemed a public charge. She clarified that only government assistance would count and — under the new rule — would be limited to TANF and long-term medical institutionalization. Lai expressed her hope that those two categories would be removed in the future.

Lai also clarified that benefits received during the Covid-19 pandemic would not be considered for inadmissibility under the public charge rule.

She noted that immigration officers are mandated to weigh in on the totality of an applicant’s financial resources and future income prospects. Almost 60 percent of people applying for adjustment of status will be asked to provide an affidavit of support from a family member or other individual.

“This will be highly considered for the approval of the application to adjust status,” said Lai.

The Trump administration’s rhetoric had a chilling effect on immigrant families. For example, during the Trump administration, more than 240,000 children in Texas were dis-enrolled by their parents from Medicaid and the Children’s Health Insurance Program, noted Anne Dunkelberg, Program Director for the Health and Wellness Team at the non-profit organization Every Texan.

In Texas, one out of every four children has a parent who is not a US citizen. Many of them are undocumented, Dunkelberg noted at a press briefing Sept. 13.

“Parents no longer need to fear enrolling their eligible family members in public benefits. It will not affect their own immigration status,” she said.

There has been so much misinformation about the public charge rule, which has deterred people from enrolling themselves for benefits to which they are entitled, said Jennifer Duarte of Texas-based Project Vida. “Families are still fearful, based on misinformation. The new public charge is a small win in an ongoing battle,” she said.

“Politicians have stoked fear in the immigrant community, and will continue to do so,” said Esther Reyes Martinez, director of immigration policy and advocacy at the Children’s Defense Fund in Texas. She noted that the new rule has been written in a way to make it much more difficult for future administrations to attempt to change it.

Several organizations hailed the new rule. Asian Americans Advancing Justice released a statement, noting that the previous public charge rule was “cruel by design.”

“It was not only meant to favor white and wealthy immigrants applying for admission or a green card, but also aimed to create fear and confusion about the use of critical, life-saving programs within low-income communities of color.”

“Tragically, the issuance of the last rule caused many immigrants of color, including Asian Americans, to withdraw from health care, nutrition programs, housing services, and other benefits,” said the organization, noting that the new rule greatly simplifies the public charge test.

Marielena Hincapié, executive director of the National Immigration Law Center, said in a press statement: “The Biden administration’s public charge rule aligns with longstanding principles in immigration law and provides helpful clarifications to pre-existing guidance.”

“This policy is an important step in advancing the Biden administration’s priority of addressing socioeconomic and racial inequities that have been exacerbated by the ongoing COVID-19 pandemic,” she said.

A workers’ guide to wage theft: what to do if your boss steals your wages

by Lil Kalish

CalMatters

 

Nov. 2, 2022 – Wage theft is common in low-wage industries in California.

Tens of thousands of workers — in restaurants, nail salons, warehouses, farms, car washes and other industries – lose out on millions of dollars in stolen wages each year.

Wage theft happens when employers deliberately pay workers below the minimum wage, deny them meal or rest breaks, fail to pay overtime premiums, or engage in other practices to cheat them out of pay.

Last year more than 19,000 workers filed claims with the state alleging wage theft totaling more than $338 million. It takes the state an average of 505 days to decide these individual wage claims, according to Labor Commissioner data, so workers can wait years to be paid.

Besides this, many workers — especially immigrants, persons of color or women — find speaking out about wage theft intimidating and risky.

So what should you do if you find yourself in this situation?

Some advocates and community organizers shared their best practices and advice. Here are their answers to your questions and some advice for workers:

Are the hours you worked and your paychecks not adding up? Does your employer take the tips you earned on the job? Are you wondering why your boss is paying you with personal checks, instead of using a payroll system with the usual paycheck deductions?

Your boss could be stealing your wages.

If your paychecks don’t reflect your work hours or there are other issues with your check, worker advocates recommend asking your boss about it.

But first, says Andrea Gonzalez, a worker advocate, workers should do a little research. Look online for news clippings about your employer. Or search the employer’s name on the Labor Commissioner’s website.

Type the company’s name into their search tool at the top to see if the company has a history of labor violations and complaints from workers. Also you can use the Wage Claims Search and Judgment Search options in the menu on the side of the page. Research could help minimize your risk of employer retaliation.

Gonzalez, who is organizing director of CLEAN, a Los Angeles car wash worker center, advises that if you confront your employer, initiate the conversation with a “curious tone” rather than an accusatory one. Mention that you’ve noticed your hours aren’t matching up with your payment. Or ask to take your legally mandated rest breaks, if that’s the issue, she said.

Any time you meet with your employer, advocates recommend you document the date and time and write down how they respond to your questions.

If your employer does have a history of labor violations, it might be best to first connect with a worker center — a community or nonprofit organization that provides support for low-income workers. There are at least 47 worker centers across the state, and California’s labor offices have partnered with 17 of them for certain industries.

Advocates recommend each worker keep their own updated records of the hours they  work, perhaps in a calendar, a notebook or on a cellphone. If a state or federal agency or a district attorney contacts your employer, a clear timeline of your hours worked as well as a record of any retaliatory actions against you or your coworkers can help move an investigation forward.

Note as many details about your job as possible. For example, log what time you started work, what time you left and what days you get paid. Write down the names of the person who hired you, your supervisor, and the person who sets your schedule, any information relevant to your pay and schedule.

Advocates also recommend documenting any time your boss denies you legally-required meal or rest breaks, or whenever your boss makes you work for more than eight hours, and whether you are paid overtime pay. Generally, for hourly workers, state law requires your employer to pay time-and-a-half for work beyond eight hours a day or 40 hours a week. It’s more if you work beyond 12 hours a day or for seven days straight.

Don’t throw out these records, says Ana Aldama, senior investigator at the Maintenance Cooperation Trust Fund, a statewide janitorial industry watchdog group. Workers should hang onto these records for at least three years, in case the company comes under investigation in the future.

Similarly advocates recommend collecting any documentation of payment such as your paystubs, contracts, agreements for piece rates.

By state law, your employer is required to give you an itemized wage statement. It should include your name; the dates of the pay period; how much you earned; your employer’s name, address, and contact information; federal and state tax deductions, any paid sick leave you accrued; Social Security, Medicare, and any other deductions. This information will help you figure out if you are paid properly and could be useful if you pursue a wage claim.

If your employer pays you in cash, be sure to note how much it is in each pay period. If they pay you in personal checks, take a photo or scan the check. Some employers pay workers with personal checks as a way to avoid paying overtime premiums or workers’ compensation insurance.

You are legally entitled to see a copy of your wage statements, even if your employer doesn’t automatically provide them.

You do not have to confront your employer alone, advocates say. If you believe your employer stole your wages, you have several avenues for help.

You can connect with a worker center in your industry. There, organizers will help you understand your rights and options and support you if you file a wage claim.

You can file a claim with the California Labor Commissioner on your computer, tablet or cell phone. It would be useful to have your notes about your paychecks and hours worked on hand. The state agency also runs an informational website explaining workers’ rights in English and Spanish.

Similarly, you can take federal action and file a complaint online with the U.S. Department of Labor or reach out to one of its nine regional offices.

The state and federal agencies advise workers to keep copies of pay stubs and records of hours worked. Neither agency will ask about your immigration status. Their services are free and confidential.

Some workers choose to hire their own lawyers and pursue private legal action. Gonzalez says that can be costly. She recommends connecting with worker centers or labor organizations whose legal partners do pro bono work.

Worker centers vary across the state. Some, like the California Domestic Workers Coalition or the Garment Workers Center, are industry specific.

Others, like the Los Angeles Black Worker Center or the Pilipino Workers Center in Los Angeles, organize low-wage workers in specific ethnic groups.

Gonzalez says in your first meeting at a worker center, generally a worker advocate will conduct an intake interview to get to know the worker and their situation. They’ll explain your rights to everything from minimum wage to sick leave.

Often when multiple workers from a single employer come forward, the worker center may refer the cases to the Labor Commissioner’s Office. Its Bureau of Field Enforcement investigates employers for possible financial penalties and citations.

To find a worker center in your area, Gonzalez recommends using social media to connect with unions or other labor organizations near you. Or you can start with this sample list.

Chase takes nationwide action to expand credit access for small businesses through Special Purpose Credit Program in historically underserved areas  

As part of JPMorgan Chase’s $30 billion commitment, Chase has developed a Special Purpose Credit Program to expand credit access to businesses in majority Black, Hispanic and Latino communities

 

Produced by JPMorgan Chase

 

NEW YORK – Nov. 18, 2022 – Chase has announced the national launch of a Special Purpose Credit Program (SPCP) to improve access to credit for small business owners in historically underserved areas. The program is the first of its kind to be offered for small business owners nationally and one of many initiatives Chase has introduced to expand small business relationships, drive inclusive economic growth and increase access to credit for minority small business owners in a sustainable way.

“Access to capital has historically been disproportionally challenging for small business owners who live and work in communities of color,” said Ben Walter, CEO, Chase Business Banking. “We want to do our part to create more parity by saying yes to more business owners in these areas so they can grow and thrive, and their communities can benefit in turn.”

The program is geography-based, allowing the bank to target capital to the areas that need it most. The goal of the program is to extend credit to small business owners who might not otherwise be approved or receive it on less favorable terms. Customers do not need to do anything special to qualify. If the business is located in an eligible area, then the application will be evaluated under the program.

Chase began piloting the program in Dallas, Detroit, Houston, and Miami earlier this year and expanded it to 21 cities in July. It is now available for businesses in majority Black, Hispanic and Latino neighborhoods across the U.S.

Small Businesses are the Engine of the American Economy

“Small businesses are critical drivers of economic growth and job creation, and credit is key to helping them survive and thrive,” Walter said. “They are also important anchors for their neighborhoods, and when they are better able to invest and grow they create more vibrant and resilient communities.”

As part of the firm’s $30 billion commitment, its Business Banking arm has been increasingly focused on supporting the growth of Black, Hispanic and Latino entrepreneurs.

“Minority entrepreneurs are rapidly becoming the customer of the future,” said Mikal Quarles, head of Chase Business Banking Racial Equity Strategies. “We want to help more minority-owned businesses create and sustain wealth long-term. We are accomplishing this by building the infrastructure, strengthening relationships, and bringing owners into the mainstream financial system. Growing and thriving small business customers are an important driver of our long-term business goals.”

Other Initiatives Under way to Support Minority Business Owners

Special Purpose Credit Programs are just one way Chase is driving sustainable, inclusive economic growth with a focus on greater access to credit.  Chase recently:

– Improved the application process for smaller-dollar loans (generally up to $500,000) to make the process easier, faster and less intimidating.

– Launched a digital loan application so customers can apply for a business line of credit online – no need to call or visit a branch. It’s being rolled out in phases and is expected to be widely available in 2023.

– Expanded its free one-on-one coaching program to more than 40 trained senior business consultants in 21 U.S. cities to provide mentoring and advice to minority business owners on everything from boosting creditworthiness to managing cash flow to effective marketing.

– Since the program’s inception in 2020, Chase has mentored more than 2,600 minority business owners, helping them improve their operations, plan for growth, and network with others in the local business community.

– Launched a new resource center at Chase.com/businessconsultant that provides free educational content, resources, and advice to help early-stage and established entrepreneurs achieve their goals.

“Creating a more equitable economy is a business and social imperative,” said Marc Morial, President and CEO of the National Urban League. “I applaud Chase for helping minority business owners pursue their dreams.”

Research Supports the Need for Special Efforts to Expand Access to Credit

When looking at liquid wealth among U.S. small business owners, the JPMorgan Chase Institute found that:

– Black and Hispanic small business owners have a lower level of starting wealth, which may mean these founders are less able to invest in their businesses.

– Existing wealth inequities could influence the ability of Black or Hispanic founders to invest in their businesses and generate meaningful wealth.

– Programs targeting low-income or majority-minority neighborhoods could be particularly helpful for Black and Hispanic business owners, who typically start firms with less cash, which may limit their opportunities for wealth creation.

 

TX governor Greg Abbott declares ‘invasion’ of migrants at US-Mexico border

SRE says the Republican governor has no jurisdiction to implement the announced measures

 

by the El Reportero‘s wire services

 

The federal government has rejected measures announced by Texas Governor Greg Abbott to stem illegal immigration into the Lone Star state.

The Republican Party governor said on Twitter on Tuesday that he had “invoked the invasion clauses of the U.S. and Texas constitutions to fully authorize Texas to take unprecedented measures to defend our state against an invasion” of migrants.

Abbott said he would deploy the National Guard “to safeguard our border and to repel and turn back immigrants trying to cross the border illegally.”

Among a range of other measures, the government said he would build a border wall in multiple counties on the border; deploy gun boats to secure the border; and enter into a compact with other states to secure the border.

In a statement on Wednesday, the Office of the Texas Governor said that Abbott had sent a letter to U.S. President Joe Biden “highlighting the record-breaking level of illegal immigration at America’s southern border caused by the president’s sustained dereliction of duty enforcing the nation’s immigration laws.”

In his letter to Biden, Abbott wrote: “You must reinstate the policies that you eliminated, or craft and implement new policies, in order to fulfill your constitutional duty to enforce federal immigration laws and protect the states against invasion. … Two years of inaction on your part now leave Texas with no choice but to escalate our efforts to secure our state.”

Mexico made it clear that it doesn’t agree with the anti-immigration measures announced by Abbott on Tuesday, and appeared to question his authority to implement them.

“The government of Mexico rejects the measures announced today by Texas Governor Greg Abbott,” the Ministry of Foreign Affairs (SRE) said in a statement Tuesday.

“… In the United States, the application of migration laws, border control and the negotiation of international agreements are exclusive powers of the federal government, so bilateral dialogue between our countries on those matters will only be carried out at that level. In any case, the measures announced by the government can be understood as measures of a political nature,” the SRE said.

“The government of Mexico reiterates its commitment to protect Mexicans abroad, so the network of consulates in the state of Texas will be alert to any violation of their rights by any authority. Mexico will also continue working permanently to achieve more orderly, safer and more humane migration,” the ministry said.

A record high of almost 2.4 million migrants were intercepted after crossing into the United States between official ports of entry in U.S. fiscal year 2022, which ended Sep. 30. In the same period, a record high of 853 migrants perished in the Río Grande or on U.S. soil after entering that country illegally, according to internal U.S. government data obtained by CBS News.

Here’s what to ask when saving for the unexpected

Sponsored content from JPMorgan Chase & Co.

 

Finances are different for everyone, and so are the life events we all go through. An emergency fund is your financial line of defense against life’s lemons. Although there are many financial rules of thumb, there is no “normal” way to handle your emergency fund.

The bottom line: saving money is the first line of defense to financial wellness, especially when the unexpected happens. While nobody can predict the future, everyone can prepare for it.

What is the reason for my emergency fund?

Your emergency fund is a safety net that can help you avoid getting into a difficult financial situation due to a loss of income or unexpected, one-time expenses. Having one in place can reduce stress, anxiety, and other emotions that could make handling the non-financial aspects of an emergency much more difficult.

It may seem a little obvious that an emergency fund is for emergencies. However, one of the challenging aspects of an emergency fund is knowing what expenses qualify as an emergency. This fund’s sole purpose is to prepare you for costs that you cannot or would not typically plan out. For example, oil changes and new tires are predictable vehicle expenses you should plan for in your regular savings. However, you wouldn’t typically plan for costs that you could incur on the off chance that you need to make emergency home repairs or pay for emergency medical expenses. You would cover these from your emergency fund.

How much do I need?

 How much would a new furnace cost? If you could not work, how much would you need to cover essential expenses until you could? Asking yourself these kinds of questions will help you set a goal amount for your emergency fund.

The general rule of thumb is three to six months of essential expenses. However, you can always start with a goal you find achievable. Say, $1,000. Once you reach that goal, aim for three months of rent, then three months of essential expenses, and so on.

Tracking your spending can help you estimate monthly expenses. Completing this exercise can also help you figure out how much you can afford to save toward your emergency fund each month.

 How do I save that much?

 – Start small: If you haven’t started, consider putting $25 from every paycheck into a savings account. Even a few dollars can make a big impact in the long run. Check your budget or spending plan to see how much you can save after you’ve paid essential expenses and before budgeting for discretionary spending.

– Keep it separate: Open a separate savings account to help you resist the temptation to dip into it. Remember, this account is for emergencies, so keep it away from your daily spending accounts and separate it from vacation and holiday savings. This method will help you stay organized, visualize your progress, and provide peace of mind.

– Automate your savings: One way to automate is via direct deposit. You may be able to instruct your employer to deposit a portion of your paycheck directly into your emergency savings account every pay period. Alternatively, you can set up an automatic transfer from your primary checking account to your emergency savings account on payday. Both methods save you from adding a manual transfer to your to-do list that may be overlooked if things get busy!

 Will I ever need to change the amount?

 As your life changes, the amount you need in your emergency fund will change as well. It’s a good idea to revisit your emergency fund plan every six months or any time you experience a life event that impacts your income. Marriage, starting or adding to your family, buying a home, and divorce are just a few examples of when you may need to increase your emergency fund. A good savings plan can roll with the punches right alongside you!

How do I prioritize emergency savings against debt and other goals?

Deciding whether you should pay down debt, save for other goals, or grow your emergency fund is all about the big picture. Everyone has different financials, so that picture will vary person-to-person. What will  impact you the most financially? Paying down debt and saving money long term or having a plan B that allows you to keep making minimum payments if you lose income? There is no right or wrong answer.

Your emergency fund is there to help you expense the unexpected. So, make a plan and be ready for whatever comes your way!

 

 

 

Here’s what to ask when saving for the unexpected

Sponsored content from JPMorgan Chase & Co.

 

Finances are different for everyone, and so are the life events we all go through. An emergency fund is your financial line of defense against life’s lemons. Although there are many financial rules of thumb, there is no “normal” way to handle your emergency fund.

The bottom line: saving money is the first line of defense to financial wellness, especially when the unexpected happens. While nobody can predict the future, everyone can prepare for it.

What is the reason for my emergency fund?

Your emergency fund is a safety net that can help you avoid getting into a difficult financial situation due to a loss of income or unexpected, one-time expenses. Having one in place can reduce stress, anxiety, and other emotions that could make handling the non-financial aspects of an emergency much more difficult.

It may seem a little obvious that an emergency fund is for emergencies. However, one of the challenging aspects of an emergency fund is knowing what expenses qualify as an emergency. This fund’s sole purpose is to prepare you for costs that you cannot or would not typically plan out. For example, oil changes and new tires are predictable vehicle expenses you should plan for in your regular savings. However, you wouldn’t typically plan for costs that you could incur on the off chance that you need to make emergency home repairs or pay for emergency medical expenses. You would cover these from your emergency fund.

How much do I need?

How much would a new furnace cost? If you could not work, how much would you need to cover essential expenses until you could? Asking yourself these kinds of questions will help you set a goal amount for your emergency fund.

The general rule of thumb is three to six months of essential expenses. However, you can always start with a goal you find achievable. Say, $1,000. Once you reach that goal, aim for three months of rent, then three months of essential expenses, and so on.

Tracking your spending can help you estimate monthly expenses. Completing this exercise can also help you figure out how much you can afford to save toward your emergency fund each month. 

How do I save that much?

 – Start small: If you haven’t started, consider putting $25 from every paycheck into a savings account. Even a few dollars can make a big impact in the long run. Check your budget or spending plan to see how much you can save after you’ve paid essential expenses and before budgeting for discretionary spending.

– Keep it separate: Open a separate savings account to help you resist the temptation to dip into it. Remember, this account is for emergencies, so keep it away from your daily spending accounts and separate it from vacation and holiday savings. This method will help you stay organized, visualize your progress, and provide peace of mind.

– Automate your savings: One way to automate is via direct deposit. You may be able to instruct your employer to deposit a portion of your paycheck directly into your emergency savings account every pay period. Alternatively, you can set up an automatic transfer from your primary checking account to your emergency savings account on payday. Both methods save you from adding a manual transfer to your to-do list that may be overlooked if things get busy!

Will I ever need to change the amount?

As your life changes, the amount you need in your emergency fund will change as well. It’s a good idea to revisit your emergency fund plan every six months or any time you experience a life event that impacts your income. Marriage, starting or adding to your family, buying a home, and divorce are just a few examples of when you may need to increase your emergency fund. A good savings plan can roll with the punches right alongside you!

How do I prioritize emergency savings against debt and other goals?

Deciding whether you should pay down debt, save for other goals, or grow your emergency fund is all about the big picture. Everyone has different financials, so that picture will vary person-to-person. What will  impact you the most financially? Paying down debt and saving money long term or having a plan B that allows you to keep making minimum payments if you lose income? There is no right or wrong answer.

Your emergency fund is there to help you expense the unexpected. So, make a plan and be ready for whatever comes your way!

 

 

Chase takes nationwide action to expand credit access for small businesses through Special Purpose Credit Program in historically underserved areas  

As part of JPMorgan Chase’s $30 billion commitment, Chase has developed a Special Purpose Credit Program to expand credit access to businesses in majority Black, Hispanic and Latino communities

 

Produced by JPMorgan Chase

 

NEW YORK – Nov. 18, 2022 – Chase has announced the national launch of a Special Purpose Credit Program (SPCP) to improve access to credit for small business owners in historically underserved areas. The program is the first of its kind to be offered for small business owners nationally and one of many initiatives Chase has introduced to expand small business relationships, drive inclusive economic growth and increase access to credit for minority small business owners in a sustainable way.

“Access to capital has historically been disproportionally challenging for small business owners who live and work in communities of color,” said Ben Walter, CEO, Chase Business Banking. “We want to do our part to create more parity by saying yes to more business owners in these areas so they can grow and thrive, and their communities can benefit in turn.”

The program is geography-based, allowing the bank to target capital to the areas that need it most. The goal of the program is to extend credit to small business owners who might not otherwise be approved or receive it on less favorable terms. Customers do not need to do anything special to qualify. If the business is located in an eligible area, then the application will be evaluated under the program.

Chase began piloting the program in Dallas, Detroit, Houston, and Miami earlier this year and expanded it to 21 cities in July. It is now available for businesses in majority Black, Hispanic and Latino neighborhoods across the U.S.

Small Businesses are the Engine of the American Economy

“Small businesses are critical drivers of economic growth and job creation, and credit is key to helping them survive and thrive,” Walter said. “They are also important anchors for their neighborhoods, and when they are better able to invest and grow they create more vibrant and resilient communities.”

As part of the firm’s $30 billion commitment, its Business Banking arm has been increasingly focused on supporting the growth of Black, Hispanic and Latino entrepreneurs.

“Minority entrepreneurs are rapidly becoming the customer of the future,” said Mikal Quarles, head of Chase Business Banking Racial Equity Strategies. “We want to help more minority-owned businesses create and sustain wealth long-term. We are accomplishing this by building the infrastructure, strengthening relationships, and bringing owners into the mainstream financial system. Growing and thriving small business customers are an important driver of our long-term business goals.”

Other Initiatives Under way to Support Minority Business Owners

Special Purpose Credit Programs are just one way Chase is driving sustainable, inclusive economic growth with a focus on greater access to credit.  Chase recently:

– Improved the application process for smaller-dollar loans (generally up to $500,000) to make the process easier, faster and less intimidating.

– Launched a digital loan application so customers can apply for a business line of credit online – no need to call or visit a branch. It’s being rolled out in phases and is expected to be widely available in 2023.

– Expanded its free one-on-one coaching program to more than 40 trained senior business consultants in 21 U.S. cities to provide mentoring and advice to minority business owners on everything from boosting creditworthiness to managing cash flow to effective marketing.

– Since the program’s inception in 2020, Chase has mentored more than 2,600 minority business owners, helping them improve their operations, plan for growth, and network with others in the local business community.

– Launched a new resource center at Chase.com/businessconsultant that provides free educational content, resources, and advice to help early-stage and established entrepreneurs achieve their goals.

“Creating a more equitable economy is a business and social imperative,” said Marc Morial, President and CEO of the National Urban League. “I applaud Chase for helping minority business owners pursue their dreams.”

Research Supports the Need for Special Efforts to Expand Access to Credit

When looking at liquid wealth among U.S. small business owners, the JPMorgan Chase Institute found that:

– Black and Hispanic small business owners have a lower level of starting wealth, which may mean these founders are less able to invest in their businesses.

– Existing wealth inequities could influence the ability of Black or Hispanic founders to invest in their businesses and generate meaningful wealth.

– Programs targeting low-income or majority-minority neighborhoods could be particularly helpful for Black and Hispanic business owners, who typically start firms with less cash, which may limit their opportunities for wealth creation.

 

Protests against electoral reform held in 50 cities on Sunday in Mexico  

It’s unlikely Morena will muster the super-majority needed to pass the reform

 

by Mexico News Daily

 

Mexicans took to the streets in some 50 cities Sunday to protest against the federal government’s proposed electoral reform, legislation that would replace the National Electoral Institute (INE) and state-based electoral authorities with one centralized body.

Approximately 500,000 people including leaders of opposition parties participated in demonstrations in 15 federal entities, according to an El Economista newspaper report that cited statistics provided by protest organizers and media outlets.

However, the number of people who protested the proposed reform in Mexico City — where the nation’s largest march was held — is hotly contested.

Martí Batres, a high-ranking official in the Mexico City government, tweeted from the capital’s security camera monitoring center that between 10,000 and 12,000 people took to the streets, while former president Felipe Calderón cited a vastly different “conservative” estimate of 500,000.

Citing figures given by civil society organizations that organized the march, El Economista reported that between 150,000 and 200,000 people marched from the Angel of Independence on Reforma Avenue to the Monument to the Revolution, located just outside Mexico City’s historic center.

Among the other cities where protests were held were Monterrey, Guadalajara, Morelia, Querétaro, Culiacán and Cancún.

Via signs they carried and slogans they chanted, protesters declared that the INE — known as the Federal Electoral Institute (IFE) prior to 2014 — mustn’t be “touched.”

They also asserted that the proposed reform — currently under consideration by the Chamber of Deputies — won’t pass Congress.

That outcome appears likely as no opposition party supports the proposal and the ruling Morena party and its allies don’t have the two-thirds majority required to pass constitutional bills.

The reform bill proposes replacing the INE with a centralized authority to be called the National Elections and Consultations Institute. The new authority’s electoral councilors, as well as electoral tribunal judges, would be directly elected by citizens if the bill passes Congress.

Exactly half of the respondents to a recent Reforma newspaper poll said that President López Obrador and his Morena party want to dismantle the INE in order to “appropriate the new institute to control elections.”

The IFE oversaw Mexico’s transition to full democracy after the once-omnipotent Institutional Revolutionary Party dominated politics in the 20th century, a period in which the party’s success at elections was virtually guaranteed due to its own control of the electoral system.

The reform bill proposes a range of other measures, including cutting the funding of political parties and electoral authorities, and reducing the number of lawmakers in both houses of Congress.

At a rally at the conclusion of Sunday’s march in Mexico City, former IFE president José Woldenberg declared that protesters were demonstrating their “profound commitment” to democracy and defending “an electoral system that protects all of us and allows the co-existence of diversity, and the replacement of governments via pacific and participative means.”

“Mexico doesn’t deserve a constitutional electoral reform driven by a single will,” he charged, referring to López Obrador.

“… Mexico … mustn’t transfer the electoral register to another institution because the INE has excelled in the formulation of a reliable list,” Woldenberg said.

The former electoral official also said that upcoming elections “must have the same guarantees” as the most recent ones: a trustworthy register, a level playing field for candidates, impartiality of the officials organizing them, meticulous counting of votes and the announcement of preliminary results on the night voters went to the polls.

He questioned whether a centralized electoral institute would have the capacity to organize elections to elect officials for the different levels of governments, saying that state-based electoral authorities registered over 275,000 candidates in 2021 alone.

“With such numbers I ask you: Is it desirable and possible to concentrate, centralize and administer that political universe in a single institution?” Woldenberg asked, prompting a resounding “no” from his fellow protesters.

In a video message posted to social media after Sunday’s protests, INE president Lorenzo Córdova noted that hundreds of thousands of people came out to defend “our democracy and our electoral system in the face of the risk of an anti-democratic regression.”

“… The democracy and electoral system we have today are a collective work and asset of all citizens,” he said. “… Mexican democracy wasn’t built in a day nor is it the work of just one man, one party or one political force. It’s the product of multiple civil struggles against a hegemonic party regime, struggles against electoral fraud that characterized the anti-democratic past.”

The INE chief added that that “we can’t allow” the electoral authority to lose its constitutional autonomy “if we don’t want to return to the authoritarian past that we fortunately left behind.”

Córdova also said that, “at INE we watch on with enthusiasm and satisfaction … [as] citizens value and defend … [Mexico’s] democracy.”

More than half a million people have also signed a Change.org petition that denounces the proposed disbandment of the INE.

López Obrador, the key proponent of the electoral reform bill, declared Monday that those who participated in Sunday’s protests are opposed to the transformation his government is carrying out in Mexico. They protested “in favor of the privileges they had before the government I represent [took office], in favor of corruption, in favor of racism, classism and discrimination,” he said.

The president asserted that “not a lot” of people participated in the Mexico City march, claiming that the protesters didn’t go to the zócalo as they “wouldn’t have filled even half” of the capital’s central square.

He described the protest as a “political [and] public striptease of conservatism in Mexico,” adding that “this is very good because if this doesn’t surface it remains hidden and does a lot of damage [to efforts] to have a better, fairer, more equal, more fraternal society.”

Former president Vicente Fox, who joined the Mexico City protest, highlighted on his Twitter account that López Obrador pledged in 2020 that he would quit if 100,000 people protested against him. AMLO said at the time another prerequisite to him leaving office early was opinion polls showing that he has lost support. However, polls have consistently shown that he retains the support of a majority of citizens.

With reports from El Economista, Reforma, El Financiero, Sin Embargo and Proceso.

Chaos in Brazil: Bolsonaro supporters block roads in protest of declared election results

by the El Reportero‘s wire services

Shared via LSite

 

The Brazilian Federal Highway Police said that truckers supporting Bolsonaro were blocking highways at 271 points.

After the declared electoral defeat of conservative-populist incumbent President Jair Bolsonaro of Brazil, which some commentators are calling fraudulent, a nationwide movement in support of Bolsonaro has erupted, with road blockades popping up all over the country and police joining the movement.

Bolsonaro has not conceded defeat to the socialist former president Luiz Inácio Lula da Silva, who spent 18 months in prison for corruption-related offenses. Silva’s tarnished criminal past and Bolsonaro’s party’s massive gains at all levels besides the presidency have cast doubt on the run-off election results according to some.

Journalist Matthew Tyrman told Steve Bannon on Monday that Bolsonaro’s party had significantly increased its presence in the Brazilian Congress, gaining 22 seats in the House of Deputies. “That’s just his party,” Tyrman said. “In the right-wing government coalition group,” which supports Bolsonaro, there were also significant gains, to the point that Tyrman said it “will dominate in both the lower house and the upper house.”

Support for Bolsonaro is continuing to grow in the days since the election, with roads between major cities being blocked in protest of what many believe to be an illegitimate result.

In São Paulo, national police have seemingly joined the protestors and have helped them gain deeper access to the São Paulo International Airport in order to continue with their demonstrations.

 

UN to discuss resolution against US blockade of Cuba

 

by the El Reportero‘s wire services

 

The United Nations General Assembly (UNGA) will begin on Nov. 2 the first of two days of debates on the draft resolution to end the economic, commercial and financial blockade of the United States against Cuba.

As part of the 77th session of the UNGA, during Wednesday and Thursday the representatives of the different countries will pronounce on the subject, in what will be the thirtieth time that the matter reaches the plenary.

All the previous votes were favorable to the elimination of the economic siege imposed by Washington and the unilateral coercive measures applied to the Caribbean nation, for which the support of the international community is again expected.

According to the island’s report presented to the agency, at current prices the damages accumulated during six decades of this policy amount to 150 thousand 410.8 million dollars, with a great weight in sectors such as health and education, beyond economy and quality of life.

The Cuban authorities classify the blockade as an act of war in times of peace, and as the greatest obstacle to the development of the country.

The calculations suggest that approximately six thousand 300 million dollars lost the island due to the American siege, only in the 14 months of the government of the American Joe Biden.

There is no mention, however, of the popular protests that have been clamoring for freedom against a state where there is only the voice of a single political party and the state, where for opposing one faces jail and where there is no freedom of the press.

 

Want to vote on raising California’s minimum wage? judge said not until 2024

by Jeanne Kuang

CalMatters.

 

Californians still won’t get a chance to vote on a minimum wage hike this November, after a judge ruled late today that the campaign was at fault for missing a key deadline to get the measure on the ballot.

Proponents, including investor and anti-poverty advocate Joe Sanberg, went to court to try to force Secretary of State Shirley Weber’s office to place the initiative onto this November’s ballot. If approved by voters, it would raise the state minimum wage to $16 an hour next year and $18 by 2025.

But Sacramento County Superior Court Judge James P. Arguelles ruled that Weber acted properly in enforcing a June 30 deadline for counties to verify signatures for this November’s ballot.

The minimum wage campaign argued that Weber’s office confused county election officials because she told them they had until July 13 to finish the count, based on the requirement that counties get 30 working days for signature verification after campaigns turn in their petitions.

Proponents collected 1 million signatures, but didn’t turn in signatures until May, Weber’s office said, making them late to start the clock. By the June 30 deadline to qualify for this November’s ballot, several counties had not finished verifying signatures and the campaign fell short. Seven other propositions did make the ballot this November.

The minimum wage measure has since been cleared for the November 2024 ballot, after county elections offices finished verifying enough signatures this month.

Business groups have opposed the measure. On Thursday, an attorney representing the California Restaurant Association and the California Business Roundtable wrote Arguelles objecting to the effort to put the measure on this November’s ballot because it would force them to “hastily commence a campaign against the initiative.”

“Our television airwaves are already seeing campaign ads for and against initiative measures that have properly qualified for the ballot,” the attorney, Thomas Hiltachk, wrote. “While petitioner, using his personal fortune, might be able to ramp up a campaign, opponents of this initiative will have an impossible challenge in front of them.”

Arguelles is the same judge who extended the signature-gathering deadline by four months during the pandemic in 2020 for proponents of recalling Gov. Gavin Newsom, giving them enough time to trigger last year’s unsuccessful election.

But in this case, Arguelles refused to give proponents two more weeks. In a tentative ruling before a court hearing, he wrote that the minimum wage proponents’ argument that the pandemic slowed down their signature-gathering efforts was “unpersuasive.” The judge also agreed with Weber’s office that putting a new initiative on the ballot now would “interfere substantially” with conducting the upcoming election.

“The burden was on Sanberg (and all others proposing statutory initiatives) to conform to the June 30 deadline if he wished to place the initiative on the November 2022 ballot,” Arguelles wrote. “Sanberg’s failure to do so did not somehow reallocate the burden to Weber.”

In a statement after the ruling, Sanberg and other proponents slammed the judge’s decision as a “gross double standard,” saying that while Arguelles “saw fit to offer right-wing extremists” more time “to recall our governor, he declined to give voters an opportunity to pass a measure that would lift working people out of poverty.”

Proponents called on Weber to put the measure on the ballot voluntarily, joined progressives in urging Gov. Gavin Newsom to act and vowed to go to the Legislature when it reconvenes Aug. 1, though it’s too late for lawmakers to put a measure on the November ballot.

“Workers cannot wait another two years for a raise,” Sanberg, U.S. Rep. Nanette Barragán and UNITE HERE Local 11 Co-president Ada Briceño said in the joint statement.

Sanberg announced the proposition campaign last December and poured $10 million into signature-gathering. He said the campaign did the best it could to gather signatures quickly during the pandemic. Last week, he and other proponents sued to force it onto this year’s ballot, arguing a vote in two years would come too late to make the measure’s wage hikes to $16 next year and $17 in 2024 go into effect.

Under an inflation-triggered provision in state law, California’s minimum wage, already the nation’s highest, is scheduled to rise in January to $15.50 from $15 for most businesses and $14 for smaller employers.

Given that about a third of California’s private-sector employees are covered by dozens of local minimum wage ordinances that are higher than the state’s, the measure would result in raises for about five million workers, a UC Berkeley economist has found.

“We here are trying to prevent catastrophic injury to over five million Californians in the form of two years of lost wages,” Sanberg told CalMatters. “Over a million Californians signed the petition. Our objective is implementing the will of the people.”

Weber’s office has declined to comment on the litigation. In court filings, Weber said it was the campaign’s fault for turning in signatures too late to give the counties enough time to verify signatures. “It was their own decision to begin the signature gathering process late in the game,” attorneys for her office wrote.

At issue were what proponents called two “competing” deadlines enforced by Weber’s office for counties to verify signatures.

To qualify a ballot measure for any election, counties get 30 business days to verify signatures after they’re turned in. Based on when the minimum wage ballot proponents submitted their petitions, that deadline was July 13, Weber’s office told the counties.

But to make it specifically onto this November’s ballot, the cutoff to verify signatures was June 30 — a deadline also listed on the Secretary of State’s public guide for ballot measure proponents. By that day, not enough counties had finished the verification process to put the campaign over the 685,534 signatures needed to qualify. That threshold was reached a week later after more counties turned in signature numbers.

In his suit, Sanberg accused Weber’s office of confusing county officials by telling them the July 13 deadline and not the June 30 one. The campaign this week released a statement from San Mateo County’s chief elections officer, Mark Church, that “there was a misunderstanding about the deadline for validating signatures.”

The campaign was short more than 77,000 verified signatures on the June 30 deadline, but the Secretary of State was missing reports from several larger counties, including San Mateo. If a few more counties had verified signatures in time, the measure would have qualified for this November.