Thursday, January 19, 2023

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Monday, January 16, 2023

Here in Mesa: WAYMARKING (or "White-Washing') MLK Day

This year's 25th-anniversary celebration theme, "What Are You Doing For Others?" was a call to action by Dr. King.

History (Wikipedia): Martin Luther King was the chief spokesperson for nonviolent activism in the Civil Rights Movement, which protested racial discrimination in federal and state law. 

The campaign for a federal holiday in King's honor began soon after his assassination in 1968. President Ronald Reagan signed the holiday into law in 1983, and it was first observed three years later on January 20, 1986. 

ARIZONA  "In 1986, Arizona Governor Bruce Babbitt, a Democrat, created a paid state MLK holiday in Arizona by executive order just before he left office, but in 1987, his Republican successor Evan Mecham, citing an attorney general's opinion that Babbitt's order was illegal, reversed Babbitt's decision days after taking office.[19] Later that year, Mecham proclaimed the third Sunday in January to be "Martin Luther King Jr./Civil Rights Day" in Arizona, albeit as an unpaid holiday. This proposal was rejected by the state Senate the following year.[20] In 1990, Arizona voters were given the opportunity to vote on giving state employees a paid MLK holiday. ✓ That same year, the National Football League threatened to move Super Bowl XXVII, which was planned for Arizona in 1993, if the MLK holiday was voted down.[21] In the November election, the voters were offered two King Day options: Proposition 301, which replaced Columbus Day on the list of paid state holidays, and Proposition 302, which merged Lincoln's and Washington's birthdays into one paid holiday to make room for MLK Day. Both measures failed to pass, with only 49% of voters approving Prop 302, the more popular of the two options; although some who voted "no" on 302 voted "yes" on Prop 301.[22] Consequently, the state lost the chance to host Super Bowl XXVII, which was subsequently held at the Rose Bowl in Pasadena, California.[21] In a 1992 referendum, the voters, this time given only one option for a paid King Day, approved state-level recognition of the holiday.[23]

 

On King’s holiday, daughter calls for bold action over words

Associated Press, Bill Barrow
8 - 11 minutes

America has honored Martin Luther King Jr. with a federal holiday for nearly four decades yet still hasn’t fully embraced and acted on the lessons from the slain civil rights leader, his youngest daughter said Monday.

The Rev. Bernice King, who leads The King Center in Atlanta, said leaders — especially politicians — too often cheapen her father’s legacy into a “comfortable and convenient King” offering easy platitudes.

“We love to quote King in and around the holiday. … But then we refuse to live King 365 days of the year,” she declared at the commemorative service at Ebenezer Baptist Church, where her father once preached...Her voice rising and falling in cadences similar to her father’s, Bernice King bemoaned institutional and individual racism, economic and health care inequities, police violence, a militarized international order, hardline immigration structures and the climate crisis. She said she’s “exhausted, exasperated and, frankly, disappointed” to hear her father’s words about justice quoted so extensively alongside “so little progress” addressing society’s gravest problems... READ MORE


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"Mesa's annual MLK celebrations were created after residents, in 1996, voted to establish a citywide holiday recognizing the leadership of Dr. King. For more information on the MLK celebrations,...All of the MLK events are hosted and presented by the City of Mesa and the Mesa-East Valley MLK Committee and features the sponsorship of Visit Mesa and Amazon.





 

www.mesanow.org

Mesa Honors Dr. Martin Luther King, Jr. With Honorary Street, Parade and Festival

5 - 6 minutes

"Mesa and its residents pay tribute to the leadership and legacy of Dr. Martin Luther King, Jr. This year's 25th-anniversary celebration theme, "What Are You Doing For Others?" was a call to action by Dr. King.

The day of remembrance on Martin Luther King (MLK) Day, Monday, Jan.16, will begin with the dedication of Dr. Martin Luther King, Jr. Street during a ceremony at 8:30 a.m. at the Mesa Arts Center.

"The vision and legacy of Dr. King serves as an inspiration for Mesa, in our commitment to being a just, equitable and inclusive city," said Mesa Mayor John Giles. "As part of our 25th-anniversary event, the honorary street dedication celebrates his civil rights leadership and dedication in fighting for equality for all."

The honorary street signs will be placed along Center Street between Brown Road and First Avenue to honor Mesa's nearby historic Washington-Escobedo Heritage Neighborhood, which had its roots during segregation in the early 20th century. The signs will also celebrate Dr. King's accomplishments as a civil rights icon.

"The honorary street is a great way to honor Dr. King, the milestone anniversary of the city's annual holiday recognizing his leadership, the legacy of the Washington-Escobedo neighborhood and the perseverance and accomplishments of its residents," said Keisha McKinnor, President of the Mesa-East Valley MLK Committee.

"We are thrilled that the City of Mesa has dedicated a street in honor of Dr. Martin Luther King Jr. It demonstrates our community shared value of inclusiveness to both residents and visitors alike.," said Visit Mesa President and CEO Marc Garcia.

The Mesa-East Valley MLK Parade is from 11 a.m. to 12 p.m. The new parade route will start at the Center Street and MLK Way intersection, travel south on Center Street to First Street, then travel east on First Street to Hibbert where it will end. The parade includes marching bands, faith-based and other local organizations, community leaders, elected officials, the Mesa Police Department and the Mesa Fire and Medical Department to make it a truly festive and inclusive community event.

The Mesa-East Valley MLK Festival is from 12 p.m. to 4 p.m. at The Plaza at Mesa City Center, 56 E. Main Street. The community festival features food, vendors, entertainment and a Kids Unity Corner with activities and crafts. The festival will include a performance by a local band, The Cardinal Kids, premiering a new song "We Walk," commissioned by Visit Mesa that is a tribute to Dr. King. Kyle Collins, who raps on the song, is a graduate of Dobson High School. It will also include a feature performance by Jesse Campbell of The Voice.

Two of our downtown museums will offer-half price admission on MLK Day. The Arizona Museum of Natural History will open from 10 a.m. to 5 p.m. while the i.d.e.a. Museum will be open from 9 a.m. to 4 p.m.

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Opinion: New View Economics...Doing nothing or playing it safe is not an option after the disastrous run for stocks in 2022

Mind you, it’s sometimes difficult to see past the downbeat views from the major forecasting bodies, such as the World Bank and International Monetary Fund, which have shifted to more pessimistic outlooks for 2023 global growth.

www.scmp.com

Global recession? Look forward to a good stock market rally instead 



by David Brown
1 minute 

  • Are the gloomy forecasts about the global economy justified? The recovery of the US, Chinese and European economies, inflation easing and the glut of liquidity from previous crises should be enough to buoy investment for years

David Brown

Updated: 5:45pm, 16 Jan, 2023

"We are in the midst of a full-blown bull market for global stocks. The bottom was reached in mid-October and the outlook for global recovery is much more sanguine than the bears would have you believe.

Global liquidity levels remain high, the appetite for risk is still strong and stocks should have the capacity for at least a further 20 per cent rally this year, on top of the 16 per cent gains already seen in the past three months.

Global recovery is still unwinding from the 2020 Covid-19 crisis and the subsequent 2021 supply-side crunch, leaving considerable scope for a rebound in world trade, considering the pent-up demand for goods and services still being delayed by the pandemic.

The combined force of the US, Chinese and European economies coming back to strength in 2023-2024 should be more than enough of a catalyst for the global stock market rally to extend over the next 2-3 years at least. Global investors should be keen to make up for lost time.

Mind you, it’s sometimes difficult to see past the downbeat views from the major forecasting bodies, such as the World Bank and International Monetary Fund, which have shifted to more pessimistic outlooks for 2023 global growth.

Last week, the World Bank warned that we are perilously close to a global recession, anticipating that growth could drop to as low as 1.7 per cent this year, down from an expected 2.9 per cent in 2022, the third-weakest rate in nearly three decades. . .The Fed’s plan to scale back the wall of money injected into US markets since the 2008 crash under the quantitative easing (QE) programme has had little effect, as the reduction of the Fed’s balance sheet has been fairly marginal so far. . .

A trader works on the floor of the New York Stock Exchange on December 14. Doing nothing or playing it safe is not an option after the disastrous run for stocks in 2022. Photo: Reuters
A trader works on the floor of the New York Stock Exchange on December 14. Doing nothing or playing it safe is not an option after the disastrous run for stocks in 2022. Photo: Reuters

We are in the midst of a full-blown bull market for global stocks. The bottom was reached in mid-October and the outlook for global recovery is much more sanguine than the bears would have you believe.

Global liquidity levels remain high, the appetite for risk is still strong and stocks should have the capacity for at least a further 20 per cent rally this year, on top of the 16 per cent gains already seen in the past three months.

Global recovery is still unwinding from the 2020 Covid-19 crisis and the subsequent 2021 supply-side crunch, leaving considerable scope for a rebound in world trade, considering the pent-up demand for goods and services still being delayed by the pandemic.

The combined force of the US, Chinese and European economies coming back to strength in 2023-2024 should be more than enough of a catalyst for the global stock market rally to extend over the next 2-3 years at least. Global investors should be keen to make up for lost time.

Mind you, it’s sometimes difficult to see past the downbeat views from the major forecasting bodies, such as the World Bank and International Monetary Fund, which have shifted to more pessimistic outlooks for 2023 global growth.

Last week, the World Bank warned that we are perilously close to a global recession, anticipating that growth could drop to as low as 1.7 per cent this year, down from an expected 2.9 per cent in 2022, the third-weakest rate in nearly three decades.

Meanwhile, the IMF recently cautioned that up to a third of the world could be in recession this year. It’s a dramatic shift from its customary constructive spins in the face of tough conditions. But is it justified?

IMF managing director Kristalina Georgieva speaks at Georgetown University in Washington, on October 6, 2022. Georgieva said the global economy was at increasing risk of recession. Photo: Bloomberg
IMF managing director Kristalina Georgieva speaks at Georgetown University in Washington, on October 6, 2022. Georgieva said the global economy was at increasing risk of recession. Photo: Bloomberg

Global economic confidence has clearly taken a hard knock from the Ukraine conflict and the subsequent cost-of-living squeeze on the world economy but there are signs that the worst is over, especially as headline inflation rates ease and global energy prices continue to fall.

Global monetary conditions have tightened considerably over the past year, but it seems likely that we are getting closer to the top of the cycle for interest rates, especially in the US. Indeed, the optimism is forcing the Federal Reserve into a rearguard action against money market hopes for lower US rates later this year.

It is very likely that the benchmark Fed funds rate will hit 5 per cent in the next few months, but it is less clear how quickly interest rates might come down thereafter.


US consumer price inflation will be the big indicator, especially with clear signs that headline inflation topped out at 9.1 per cent last June and is already down to 6.5 per cent, based on the December 2022 data. By the Fed’s own forecasts from December’s monetary policy meeting, inflation is expected to average 3.1 per cent this year and fall to 2.5 per cent for 2024.

In other words, the Fed’s 2 per cent target inflation is in sight. No wonder the money markets are jubilant and stock markets are bullish.

The Fed’s plan to scale back the wall of money injected into US markets since the 2008 crash under the quantitative easing (QE) programme has had little effect, as the reduction of the Fed’s balance sheet has been fairly marginal so far.

Likewise, the European Central Bank has delayed plans to offload QE assets from its balance sheet until March. The glut of easy money and credit accumulated through global crises over the past 15 years have left global markets with more than enough liquidity to fund investment, speculation and trading activity for years.

With the prospect of the worst of the inflation crisis ending in 2023, interest rates topping out soon and the downturn in global economic confidence close to bottoming out, it’s no surprise investors are reading more positive writing on the wall and increasing their exposure to equities and risk assets.

Doing nothing or playing it safe is not an option after the disastrous run for stocks in 2022. For those investors who can see through the murky conditions and trust their instincts on recovery, 2023 looks like it will bear fruit.

David Brown is the chief executive of New View Economics

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Davos 2023: Yellen Sets Surprise US-Chinese Meeting With Liu in Switzerland

 



 

www.reuters.com

Yellen to meet China's vice premier Liu He in Zurich on Wednesday -U.S. Treasury

3 minute readJanuary 16, 20233:12 AM MSTLast Updated 4 hours ago
1 - 2 minutes

U.S. Treasury Secretary Yellen presides over the unveiling of the first U.S. banknotes printed with two women's signatures, in Fort Worth

[1/2] U.S. Treasury Secretary Janet Yellen presides over the unveiling of the first U.S. banknotes printed with two women's signatures at an event in Fort Worth, Texas, U.S., December 8, 2022. REUTERS/Shelby Tauber/File Photo

WASHINGTON, Jan 16 (Reuters) - U.S. Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Switzerland on Wednesday to exchange views on economic developments and deepen communication between the world's two largest economies, a Treasury official said.

Reporting by Andrea Shalal; editing by Grant McCool


[1/2] U.S. Treasury Secretary Janet Yellen presides over the unveiling of the first U.S. banknotes printed with two women's signatures at an event in Fort Worth, Texas, U.S., December 8, 2022. REUTERS/Shelby Tauber/File Photo

WASHINGTON, Jan 16 (Reuters) - U.S. Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Switzerland on Wednesday to exchange views on economic developments and deepen communication between the world's two largest economies, a Treasury official said.

Yellen's first in-person meeting with Liu is part of a pledge by both countries to work to ease tensions following President Joe Biden's talks with Chinese President Xi Jinping in Indonesia in November.

Yellen will meet Liu in Zurich on the eve of her three-country visit to Africa, where she will focus on strengthening U.S. ties with a continent that has long been the focus of Chinese trade and investment, and issues such as food security.

China's foreign minister, Qin Gang, is just wrapping up five-country tour of Africa, the 33rd consecutive year that Africa has been the destination of the Chinese foreign minister's first overseas tour of the calendar year.

In an interview aired Saturday on National Public Radio, Yellen acknowledged that China had played "a leading role" in lending to and trading with African nations, but said African leaders had made clear at a conference last month in Washington that they were seeking more U.S. engagement.

"It's clear that they want to expand trade and investment with many parts of the world and see the United States as a critical partner in that growth. And that's something that's important to us as well," Yellen said.

Chinese trade with Africa is about four times that of the United States, and Beijing has become an important creditor by offering cheaper loans - often with opaque terms and collateral requirements - than Western lenders. But some African countries, including Zambia, have soured on Chinese lending and are looking for alternatives, economic analysts said.

Yellen's meeting with Liu is expected to touch on the debt issue and other significant differences between the two nations.

Yellen has repeatedly criticized Beijing - now the world's largest creditor - for not moving more quickly to restructure the debt of poor countries in Africa, and often raises concerns about forced labor used in China's Xinjiang province.

In July, when she spoke with Liu by phone, Treasury said she also spoke "frankly" about the impact of Russia's war against Ukraine on the global economy, and China's "unfair, non-market" economic practices.

Liu is in Switzerland for the World Economic Forum meetings in Davos, which Yellen does not plan to attend. Other senior U.S. officials will represents Washington there, including U.S. Trade Representative Katherine Tai and climate envoy John Kerry.

Yellen has met virtually three times with Liu since taking office, and met in Bali with Chinese central bank governor Yi Gang. Liu will step down this year as part of an overhaul of China's economic leadership disclosed in September.

In December, the former Federal Reserve chair told reporters she was also open to visiting China and looked forward to more "intense interactions" with Chinese officials than in the first two years of Biden's four-year term."

Reporting by Andrea Shalal; editing by Grant McCool

Yellen Sets Surprise US-Chinese Meeting With Liu in Switzerland

Yellen Sets Surprise US-Chinese Meeting With Liu in Switzerland

Bloomberg - Christopher Condon • 4h

US Treasury Secretary Janet Yellen will hold her first face-to-face meeting with Chinese Vice Premier Liu He on Jan. 18 in Zurich, making a detour on …

Read more on bloomberg.com

. . .The pair “will exchange views on macroeconomic developments and other economic issues,” the Treasury Department said in a statement.

( Liu is in Switzerland for the World Economic Forum meetings in Davos, which Yellen does not plan to attend. Other senior U.S. officials will represents Washington there, including U.S. Trade Representative Katherine Tai and climate envoy John Kerry.)

Yellen to meet with Chinese finance minister in Switzerland - POLITICO

www.politico.com › news › 2023/01/16
52 minutes ago · Treasury Secretary Janet Yellen will meet with her Chinese counterpart, Vice Premier Liu He, in Switzerland on Wednesday to discuss economic developments ...

US Treasury Chief Reportedly to Meet Chinese Vice Premier in Switzerland on January 18

1 hour ago
China's Vice Premier Liu He arrives at the West Wing for a meeting with President Donald Trump, Friday, Oct. 11, 2019, at the White House in Washington. - Sputnik International, 1920, 16.01.2023
© AP Photo / Jacquelyn Martin

US Treasury Chief Reportedly to Meet Chinese Vice Premier in Switzerland - Sputnik News

sputniknews.com › News
44 minutes ago · US Treasury Secretary Janet Yellen plans to hold her first face-to-face meeting with Chinese Vice Premier Liu He at the World Economic Forum (WEF) in ...
 
MOSCOW (Sputnik) - US Treasury Secretary Janet Yellen plans to hold her first face-to-face meeting with Chinese Vice Premier Liu He at the World Economic Forum (WEF) in Switzerland on January 18 with a view to restoring and stabilizing relations between the two nations, media reported on Monday.
The talks will focus on the global economy, the Americain news portal reported, citing a Treasury official.
The 53rd annual meeting of the WEF is taking place in Davos from January 16-20. The main issues on the agenda of the forum are energy and food crises, high global inflation, investments in emerging technologies, as well as current geopolitical risks for the world economy.
In August 2022, China suspended negotiations with the United States in a number of areas after then-US House Speaker Nancy Pelosi visited Taiwan. China condemned Pelosi's trip in the strongest terms, saying it was a gesture of support for separatism, and launched large-scale military exercises in the vicinity of Taiwan.
 

Yellen, Top Chinese Official to Meet, Try to Smooth Economic Ties - WSJ

www.wsj.com › articles › yellen-top-chin...
4 hours ago · Mr. Liu, who is expected to step down from his post in March but is close to ... is expected to attend the World Economic Forum in Davos, Switzerland.

 

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Housing Instability Here in Mesa > housing insecurity exposes individuals and families to increased stress and mental and physical health problems.

The rental affordability problem is exacerbated by the shortage of affordable rental housing, as the supply of low-cost housing has dropped and new construction has been intended largely for market-rate rents and the higher end of the market.

Due to the potential for sudden change, we define housing stability as the extent to which an individual's customary access to housing of reasonable quality is secure 

. . . How does housing instability affect mental health?. . Housing insecurity in all its forms can negatively affect human health. Whether it's  difficulty paying rent, overcrowded living conditions, eviction, or homelessness, housing insecurity exposes individuals and families to increased stress and mental and physical health problems.


 



NOTE: The City is hosting three virtual community meetings to assist with developing its HOME-ARP Allocation Plan, a required planning document for the use of federal funds to tackle housing instability issues:

Public Meetings to Discuss Housing Instability in Mesa

Homelessness: Wednesday, Jan. 18, from 2 p.m. to 3 p.m.

Affordable Housing: 

Thursday, Jan. 19, from 1 p.m. to 2 p.m.


Community Services: Thursday, Jan. 19, from 4 p.m. to 5 p.m.

 

The community meetings will provide background on HOME-ARP and include discussions on topics to explore community needs, existing resources and ways to address gaps for our most vulnerable residents. 


 

✓ Registration is required for the virtual meetings.

The U.S. Department of Housing and Urban Development (HUD) awarded Mesa $5.6 through the HOME-ARP program to assist homeless individuals or households, at risk of homelessness; fleeing domestic violence, sex trafficking or sexual assault; or otherwise facing housing instability as vulnerable populations.

HOME-ARP is funded under the American Rescue Plan (ARP) and is administered through HUD's HOME Investment Partnerships Programs (HOME). Mesa can use the funds for four eligible activities:

1 Production or preservation of affordable housing
2 Tenant-based rental assistance
3 Supporting services, homeless prevention services and housing counseling
4 Purchase and development of non-congregate shelter

✓✓ An online community survey is also available to help get input on housing and community service needs. The survey will be available until Feb. 2.

The City of Mesa is committed to making its public meetings accessible. For accommodations, translation or additional information, please contact Housing and Community Development at least 48 hours in advance of the meeting at (480) 644-3661 or AzRelay 7-1-1 for those who are deaf or hard of hearing.

Si necesita asistencia o traducci?n en espa?ol, favor de llamar al menos 48 horas antes de la reuni?n al 480-644-2767. 

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