OccupySF Action Council – 2 Additional Announcements

OccupySF

~ Action Council ~

2 – Additional ANNOUNCMENTS

Thursday, July 23

July 23, Thursday, 7:00pm, The Current San Francisco Political Landscape…and the 2015 Mayor Race: How Do Progressives Fit Into It?

SF Women’s Building – Audre Lorde Room
3543 – 18th Street
SF

Panelists:Tim Redmond, Editor 48 Hills and former editor of the San Francisco Bay Guardian.
Housing activist Tommi Mecca Avicolli
San Francisco mayoral candidates Francisco Herrera and Amy Farrah Weis

Sponsor: Progressive Democrats

Info / Details: https://www.indybay.org/newsitems/2015/07/13/18774859.php

Sunday, July 26

July 26, Sunday, 8:30am – 5:30pm, The Gig UBER “Share The Crumbs” New World Economy –  Labor Communication, Media and the Smart Phone

Stanford University
Stanford Lane History Corner
http://campus-map.stanford.edu/?id=&lat=37.42938585281026&lng=-122.16855824&zoom=17&srch=building%20200
Lane History Corner (01-200) 
450 Serra Mall, Bldg. 200 rm 2

Panelist include: Steve Zeltzer & Clark Sullivan & others…

Sponsored by LaborTech.net, LaborNet.org & KPFA WorkWeek Radio

Info / Details: www.labortech.net

For Laborfest Listings go to Indybay: https://www.indybay.org/calendar/?page_id=12

Action Council Events — July 23 to July 31

OCCUPYSF ~ ACTION COUNCIL

MEETING,  SUNDAY JULY 26th 

 2:00 – 4:00pm 

UNITE / HERE 

215 Golden Gate Ave.,

(nr. Civic Center BART)

 San Francisco

Websites:

OccupySF Action Council: http://occupyactionsf.org

OccupySF: http://occupysf.org

All political activists and friends are invited to attend and articipate in a discussion on future actions and to form bonds between the many groups seeking to change conditions in our nation.    There are many  important issues concerning the decline of our democracy.  We will all be stronger and more effective if we support one another. Together we can create a true democracy where the voice of the people is heeded by our government.

ANNOUNCEMENTS:

Thursday, July 23      11:30 am

Stop Evictions on Yerba Buena Island

S.F. City Hall (steps – Polk St. side)

Stop the Evictions on Yerba Buena Island! Public Lands in Public Hands!

Sponsor: Eviction Free SF

Info: https://www.facebook.com/events/1458540444468483/

Thursday, July 23      12Noon

The Battle4SOMA – Bigger Is Not Better

 SF City Hall – Planning Commission, Room 400

The 5M Project (5M stands for 5th Street & Mission St.),is a proposed 4 acre project in the heart of our neighborhood proposed by Forest City, a $9 billion development company.

Info: https://www.facebook.com/Plaza16Coalition?fref=photo

Thursday, July 23      12 –1:00pm

Vigil for Sandra Bland

Oscar Grant Plaza, Oakland

GG and Orion – acoustic music, chalking, petitioning

Info: 510- 719- 6429

Thursday, July 23      3:00pm

Food Not Bombs 

Station 40, 3030 B – 16th Street, SF

3:00pm Prep and Cooking;7:00pm Serving at 16th & Mission Street Plaza

Info: Diamond Dave (415) 240 – 0286 

Thursday, July 23          6:00 pm

PLAZA 16 Community Meeting.

St. John Evangelist Church, 1616 15th St. @ Julian, SF

Dinner @ 5:45pm; Stop Gentrification of the Mission District

Sponsor: Plaza 16 Coalition

Info: Plaza16.org.

Friday, July 24           12 – 1:00pm

Vigil for Sandra Bland

Oscar Grant Plaza, Oakland

GG and Orion – acoustic music, chalking, petitioning

Info: 510- 719- 6429

Saturday, July 25       12 – 2pm

The 240th Birthday of Our Public Postal Service

Berkeley Post Office, 2000 Allston Way, Berkeley

Celebrate the sustained well being of the post office with music by Dave Welsh & other entertainment

Sponsor: BA Strike Debt & “First They Came for the Homeless…”

Info / RSVP: https://www.facebook.com/events/1459744974347870/ 

Saturday, July 25    3:00 – 5:00pm       

100th Anniversary: 1915-1934 US Marines Occupation of Haiti

East Side Arts Alliance, 2277 International Blvd, Oakland

What’s really happening in Haiti and the Dominican Republic – Report back from Haiti

Donation $7-25 –no one turned away

Sponsor: Haiti Action Committee

Info: https://www.facebook.com/events/660207997447850/

Saturday, July 25     7:00 – 9:00pm

Laborfest Puerto Rico & Labor Organizing

518 Valencia St.,(nr. 16th Street BART) SF

Presentation by: Scott Barbes-Caminero, program on Labor and the fight against neoliberalism and the $70,000,000,000, debt of Puerto Rico.

Info: (510) 290-2312

Monday, July 27   12Noon – 1:00pm

Picket & Rally Against Hanging Nooses at SF Recology

SF Recology, 501 Tunnel Ave.

Daryle Washington, IBT 350 member and worker at SF Recology, has face hanging noose & other racist attacks for speaking out against these incidents against him and other workers.

Sponsor: Stop Workplace Bulling

Info: info@upwa.info / (415)282-1908

Monday, July 27     3:00 – 5:00 pm

Occupy Beale AFB – Remembering Hiroshima and Nagasaki: 70 Years!

Beale AFB – Wheatland gate 3960 S. Beale Rd. @ Ostrom Rd, Marysville

No NUKES & No Drones – Bannering & flyers. (also action on Tuesday, July 28)

Sponsors: Codepink, Veterans for Peace,

Info: https://www.facebook.com/events/426274040892174/

Monday, July 27       6:00 – 9:00pm     

OccupyForum Presents: Nuclear Plant Whistleblower – Bob Rowen

Global Exchange, 2017 Mission St.,(nr. 16th Street BART) SF

Is Nuclear Energy a “Safe, Clean, and Economical” Alternative?

Tuesday, July 28      6:00 – 8:00am

Occupy Beale AFB – Remembering Hiroshima and Nagasaki: 70 Years! 

Beale AFB – Main Gate, 4675 N. Beale Rd, Marysville

Info:  https://www.facebook.com/events/426274040892174/

Wednesday, July 29  5:30 – 6:30pm

Codepink’s Weekly Peace Vigil

Market & Post St., (outside Senator Feinstein’s Office), SF

No War, No Drones!  (topics vary each week)

Sponsor: Codepink, World Can’t Wait, OccupySF Action Council

Thursday, July 30           11:00am

Medicare for All – Rally & March

Frank Ogawa Plaza, 14th & Broadway, Oakland

We need to protect and improve Medicare as the highly successful public program it has been and extend its coverage.

Sponsor: Single Payer Now

Info: dbechler@value.net

Friday, July 31                 3:00pm

Rally for Our Right to Exist!

Powell & Market Sts. (Cable Car Turn-around), SF

Rally & March to Union Square, be a part of building w movement towards the elimination of poverty and homelessness and the fight for our #Right2Rest.

Sponsor: Western Regional Advocacy Project

Info / RSVP: https://www.facebook.com/events/941487869248109/

OccupyForum presents . . . Nuclear Whistleblower Bob Rowen: Is Nuclear Energy a “Safe, Clean, and Economical” Alternative? on Monday, July 27

Monday, July 27th from 6 – 9 pm at Global Exchange

2017 Mission Street near the 16th Street BART station

Information, discussion & community! Monday Night Forum!!

Occupy Forum is an opportunity for open and respectful dialogue

on all sides of these critically important issues!

OccupyForum presents…

Nuclear Whistleblower Bob Rowen:

Is Nuclear Energy a “Safe, Clean, and Economical” Alternative?

Like scores of others in the early sixties, Rowen embraced nuclear energy as the panacea to America’s emerging energy crisis, and he believed that becoming a nuclear control technician was a career opportunity of a lifetime. As a nuclear insider, however, Rowen learned the claims made by the nuclear power industry and government were totally false, and came to the conclusion that nuclear power is in no way safe, clean, or economical.

Rowen will present his reasons for calling the Pacific Gas and Electric Company a “Corporate Criminal” and why nuclear energy is the most dangerous and lethal technology ever devised by man. He will demonstrate why the operators of nuclear facilities cannot be trusted, and their regulators cannot be relied upon to protect workers and the public from the ill effects of nuclear plant operation.

“I know of no one who ever set out to become a whistleblower, leastwise me,” says Rowen. “It’s just that I witnessed too many radiation safety violations and cover-ups by PG&E and the AEC to stand idly by while PG&E and the government did whatever they ‘considered necessary’ to promote and protect a failed and dangerous technology.”

It is clear that nuclear power is unaffordable in every way. A reliance upon nuclear power impedes our efforts to develop and implement the production of electricity by safe, affordable, sustainable means, such as solar, wind, and geothermal.

Robert Rowen: My Humboldt Diary: A True Story of Betrayal of the Public Trust, Nuclear Power at Humboldt Bay 

http://peaceandjusticeonline.org/2011/05/19/nuclear-power-

dangerous-dirty-expensive-20-key-facts/

Time will be allotted for Q&A, discussion and announcements.

Donations to Occupy Forum to cover costs are encouraged; no one turned away!

Proposal for discussion at the SF Occupy Action Council this Sunday (from Patricia Gray)

PARTY FOR THE COMMON GOOD

Facts we must face:
  • We no longer live in a democracy.  Our government does not heed the word of the people.  Our government is corrupt and serves the wealthy people who give our ‘Representatives’ big bribes.
  • Under the two party system we have only the chance to choose between a candidate of the Republican party or one put forward by the Democrats.  Their goals are exactly the same — to help the rich get richer by any means they can think of, there is no morality in these two political parties.  No morality and no concern for the common good of the people of the nation.
  • Hillary Clinton and Nancy Pelosi have already won next year’s election for President and Representative for San Francisco.
  • Demonstrating in the street is not a way to change our government. We must get politically active by informing the people of the voting records of these two people claiming to be concerned with the working people.

Actions to consider:

1.  Create leaflets to inform the people of the new laws and regulations passed in Congress in the last 25 years that
     are not approved by the people of San Francisco.  We can print these up and each one of us agree to stand out on      any street corner in San Francisco for one hour a week handing our the voter information leaflet.
2.  Actively seek candidates to run against these two wealthy women who do not express any concern for the working
     people of our city or nation.
3.  Encourage the ‘minor party’ and independent candidates to attend town hall meetings to put forward their
     candidates.           .
4.  As soon as the mail in ballots are sent out to voters, we plan events to urge people to break the two party system
    and get some real democracy in our nation.  “Clean out the corrupt!! Vote independent!”  can be our theme.

“A new Glass-Steagall for banks: One giant step for Congress, one small step for us all” by Eleanor Bloxham (fortune.com)

ElizabethWarren

A planned revival of the Depression-era law would be a long overdue stride toward reining Wall Street back in.

It looks like corporate governance just might be a hot topic for the Democratic presidential primary debates. Who’d have guessed?

Senators Elizabeth Warren, John McCain, Maria Cantwell, and Angus King have proposed a new Glass-Steagall bill. The measure would reinstate many of the features of the original Glass-Steagall banking act of 1933, a Depression-era law that prevented commercial banks from taking on business ordinarily done at investment banks. The new bill will also address risky activities that bankers had not dreamed up 80 years ago.

The new Glass-Steagall specifically addresses the governance of banks with insured deposits. The idea is that a bank should not use our deposits in ways that put the bank or the economy at undue risk.

The Democratic presidential candidates are taking sides in the debate. Bernie Sanders and Marvin O’Malley support a new Glass-Steagall. But, according to press reports last week, Hillary Clinton will not, even though the bill addresses the use of derivatives, something she expressed concerns about in November of 2007. Perhaps Clinton is looking ahead to the general elections. But if you are seeking election as a Democratic Party candidate, a failure to endorse Glass-Stegall could be a risky bet of its own—a gamble, perhaps, that money will trump voters in the upcoming Democratic primaries.

The reasons for the new bill are many. In addition to all the arguments of fairness and prudence, there are many practical, boots-on-the-ground reasons Congress should pass it now.

Boards of directors are responsible for setting the risk appetite of a company. And they can’t do that effectively in a firm with wildly different risk attributes. In the last eight years, post-financial crisis, boards at the largest banks that have both significant depository and investment banking arms have had the opportunity to show us they can excel at effectively managing this tricky balance—and they have failed to do that. J.P. Morgan’s JPM -0.23% London Whaletrading debacle was just one notable example. Post-crisis, the largest U.S. banks have treated us to a continual stream of operations failures and manipulations du jour. Earlier this month, one head of a systemically important financial institution (SIFI) expressed to me his astonishment at the ongoing ethical lapses. It is impossible to create the kind of safe banks we need as depository institutions if they also engage in unfettered speculation.

Regulators and others have continued to express concern about the cultures at the banks. William Dudley, president and CEO of the Federal Reserve Bank of New York spokelast year on “Enhancing Financial Stability by Improving Culture in the Financial Services Industry.”

Pre-crisis, I witnessed the way in which the mergers of traditional and investment banks created negative cultural shifts. At Citigroup C 0.42% , after the Salomon Smith-Barney merger, for example, the aggressive, transaction-oriented nature of investment banking began running roughshod over the more genteel business of corporate relationship management. As a result, relationships were out. Quick bucks were in. And along the way, the company lost one of its greatest attributes: a culture of strategic inquiry.

A recent survey supports the culture concerns. Fortune’s Stephen Gandel reportedin May that according to a survey by law firm Labaton Sucharow and the University of Notre Dame, “About a third of Wall Streeter’s higher paid employees say they have witnessed or know of illegal activity at their firms. One in five of the survey’s respondents said they believed a little bending of the rules, either ethical or legal, was necessary to be successful on Wall Street.” And to boot, regulators may be completely in the dark. According to the survey, 25% of employees making over $500,000 believed they “have signed or have been asked to sign agreements with their employers banning them from reporting to regulators on illegal behavior they witness at their jobs.”

It’s true that when the financial crisis erupted in 2007, Glass-Steagall was not the first fix that leapt to my mind. I’d been warning since the late 1990s that loan securitizations were bad economic moves for commercial banks while lining the pockets of the investment banks that sold them. Those securitizations were fueling a risky lending boom without adding value to the economy. Commercial banks had poorly designed compensation programs that encouraged risky lending, loan sales, and securitization. Investment bankers were overpaid based on the value they created for customers. And some corporate treasurers and CFOs had only just begun to be leery of investment banking products, following purchases of derivatives and illiquid instruments that they and their boards did not understand.

Opponents of the new bill say the return of Glass-Steagall is not necessary. They argue variously that the 1999 repeal of the original bill did not single-handedly cause the last financial crisis or that it did not contribute to the crisis at all. But how relevant is that?

Analogizing, we can argue whether or not pollution has contributed to climate change, and how much, but we are still left with the harms of pollution and the realities of rising seas. Similarly, we can argue about whether, or how much, the repeal of Glass-Steagall contributed to the last crisis (Public Citizen’s Bart Naylor does a good job of this in hispaper, “Safety Glass”), but that doesn’t absolve us of the responsibility to address the harms caused by its repeal—and the damages caused by the crisis.

Another line detractors use is that reinstating Glass-Steagall would actually make things worse. A Morningstar columnist wrote last week that if Glass-Steagall had been in place, Goldman Sachs GS -0.42% and Morgan Stanley MS 0.10% might have failed. Sure, investors in those stocks would have lost a lot of money, but why should their misfortune trump the fortunes of everyone else? In fact, all else being equal, if the board and investors of Goldman and Morgan Stanley really believed their firms could fail, they’d be more likely to encourage better risk management than if they didn’t. Why should society provide a smooth unwind and special access to liquidity to volatile trading firms?

In 2013, the economist Dean Baker wrote, “What is striking about the argument on re-instating Glass-Steagall is that there really is no downside. The banks argue that it will be inconvenient to separate their divisions, but companies sell off divisions all the time.”

The new Glass-Steagall is necessary but not sufficient. Its future, however, is uncertain. As Will Rogers famously remarked, “The short memories of the American voters is what keeps our politicians in office.”

Eleanor Bloxham is CEO of The Value Alliance and Corporate Governance Alliance (http://www.thevaluealliance.com), an independent board education and advisory firm she founded in 1999. She has been a regular contributor to Fortune since April 2010 and has advised analysts, regulators, shareholders and banks of every size on the economics of financial services.