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Opinion | Investing in Destruction: California Teachers Pension Money Should Not Be Funding Line 3

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Opinion | Investing in Destruction: California Teachers Pension Money Should Not Be Funding Line 3

Environmental organizers across the country are converging in Northern Minnesota in support of Indigenous Water Protectors, to stop the construction of the Line 3 pipeline expansion. Across the country, people  are protesting, sending letters, and making calls to demand that President Biden shut down the construction of Line 3 just as he called for the shut down the Keystone XL pipeline in January. They are also demanding that banks, insurance companies and pensions divest from Enbridge, the pipeline owner.

In 1991, Line 3 spilled 1.7 million gallons of crude oil into the frozen Prairie River, which flows into the Mississippi. It was the largest inland oil spill in history and the Mississippi River was only saved by the ice covering the Prairie River which made containment far easier. However, the Line 3 expansion is about to cut directly across the Mississippi River headwaters twice, putting it at direct risk of contamination. While the huge 1991 spill made the headlines, Enbridge’s pipelines have a track record of one spill every 20 days since 2002. Staying invested in Enbridge puts CalSTRS on the wrong side of history. Divesting from Enbridge would help the movement to stop the Line 3 expansion. 

CalSTRS has made several failed attempts at engaging with Enbridge about their pipeline construction. In fact, engagement has never gotten a fossil fuel company to stop extracting or burning fossil fuels, and Enbridge is no exception. The futility of CalSTRS engagement strategy was made apparent in 2017 when CalSTRS voted in favor of a shareholder statement that asked Enbridge to report on its “social and environmental risks, including Indigenous rights risks.” That shareholder proposal lost by almost 70%. And yet CalSTRS still is holding on to the $100 million it has invested in Enbridge. 

Giving tacit approval for violating treaties between the US and Indigenous Nations such as the Anishinaabe people. Enbridge’s “expansion” of Line 3 follows a new route which breaks the 1837, 1854 and 1855 treaties between the US Government and the Anishinaabe people. The pipeline will run through sacred wild ricing areas threatening to destroy them with an inevitable leak of chemical diluted tar sands oil. 

Dismissing the health and safety impacts of inevitable oil spills on the people living near the pipeline. Enbridge has a long track record of large and small oil spills, an average of one every 20 days from 2002 to the present. In fact, the current Line 3 pipeline has over 900 anomalies which are each a potential weak spot for a spill. 

Fueling climate change by expanding fossil fuel infrastructure. Enbridge single handedly transports 25% of North American crude oil and 20% of the US’s natural gas. Despite violating the Paris Climate Agreement, Enbridge continues to build and expand their pipelines. In fact, the “replacement” Line 3 would more than double the pipeline’s capacity to 790,000 barrels of oil per day, which represents more annual CO2 emissions than all of Minnesota!

Even beyond Enbridge, fossil fuel divestment is the obvious best choice. Divesting from fossil fuels would save the fund money. In fact, had they divested 10 years ago, they would have made $5.5 billion more in the past 10 years. Fossil fuels are a dying sector. 

So far two CalSTRS board members, State Treasurer Fiona Ma and State Superintendent of Education Tony Thurmond, have come out in favor of fossil fuel divestment. CalSTRS board chair Harry Keiley, who represents the teacher’s unions, and vice-chair Sharon Hendricks, who represents Community College faculty, have continually repeated the arguments of staff: that divesting from fossil fuels would “turn off the lights” and “stop transportation in Los Angeles.” And they have backed the Chief Investment officer Chris Ailman’s argument that it is better to engage with fossil fuel companies than to divest. They have maintained this position in spite of resolutions representing over 100,000 of their members calling on them to divest. Recently, they have refused to meet with youth and teachers of color who want to discuss the environmental racism of fossil fuel divestment and how  over 92% of people living near fossil fuel sites in California are people of color. 

Now the questions are: Will CalSTSRS divest from Enbridge and be part of the movement to stop the Line 3 expansion? Will they join the State of New York’s Pension system, the University of California, the government of Norway, and over $15 trillion in global assets under management in divesting from fossil fuels? Or will they continue to co-sign the destruction of our future and ignore the needs of the young people that CalSTRS beneficiaries work so hard every day to educate.

This content was originally published here.

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Brendmoen, Noecker: There’s a lot of money coming St. Paul’s way. Here are guiding principles for spending it. – Twin Cities

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President Biden’s American Rescue Plan (ARP) is a once-in-a-generation, visionary reinvestment into our nation. The ARP is intended to accelerate the country’s recovery from the impacts of the pandemic and the ongoing recession. As part of the plan, an unprecedented $172 million will come directly to the City of Saint Paul.

How we invest these dollars will be one of the most significant decisions we make for a long time. Used well, this funding can reconstruct both physical and social infrastructure. Used wisely, this funding will dovetail with and extend our many partners’ ARP investments. Used strategically, this funding has the capacity to catalyze growth and, importantly, equalize prosperity in our community.

At our City Council meeting recently, Congresswoman Betty McCollum explained that, while federal spending guidelines are still being drafted, the dollars will be able to cover a wide range of expenses, directly or indirectly tied to the COVID-19 pandemic. So while it’s too early to propose specific programs, we believe it’s exactly the right time to commit to these general principles to guide us in making these important decisions.

We will focus on St. Paul.

Our investments must prioritize needs that no one else will meet.

While state and federal assistance is available for bridges, transit projects and regional assets like Como Zoo and Conservatory, it is up to us to maintain and improve our local roads, streetlights, libraries and recreation centers, neighborhood parks and civic buildings. And there is so much to do. We have nearly $60 million in deferred maintenance on our parks and recreation facilities, and every St. Paul resident can point to a missing tree, a pothole or a crumbling stairway that we simply haven’t been able to fill or fix.

Our ARP dollars should prioritize these essential and expensive needs.

We will collaborate to make the best use of every dollar.

Ramsey County, St. Paul Public Schools and the State of Minnesota will also receive millions of ARP dollars. We must make our funding decisions in cooperation with them, making sure each entity covers its primary areas of responsibility and aligns with the others.

This will ensure that all spending is strategic, intentional and leverages the greatest combined outcomes.

We will make sure the benefits are shared equitably.

We must take advantage of this opportunity to invest in our communities of color and low-income neighborhoods at the scale necessary to address our unacceptable disparities in wealth, health, home ownership and education.

Every hire, every contract and every program decision must be made with the aim of ensuring every St. Paul resident the chance to contribute to and benefit from this opportunity to build a better city.

We will not create spending “tails.”

Because this is a one-time allotment of money, it should be invested in one-time expenses.

We must resist the temptation to create expensive new programs that will become a strain on our local tax base or leave recipients in the lurch after the ARP expires.

Our investments will have lasting impact.

This may be one-time funding, but the community impact doesn’t have to be short-lived. We can stretch these dollars to do the most good for the most people over the longest time horizon possible by leveraging multiple outcomes.

For example, a robust investment in our public infrastructure could also be a chance to build our future workforce through apprenticeships, employ artists to expand public art, increase our social capital through networks of community volunteers, and jumpstart our local economy.

Together, we can seize this remarkable moment and invest in a way that benefits all St. Paul residents today and for years to come.

Amy Brendmoen is president of the St. Paul City Council. She represents Ward 5 in the north-central part of the city, including parts of the Como, Payne-Phalen, North End and Railroad Island neighborhoods. Rebecca Noecker is vice president of the St. Paul City Council, representing Ward 2, which includes downtown and Lowertown, West Side, West Seventh, Summit Hill and Railroad Island neighborhhods.. 

This content was originally published here.

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Usher didn’t use ‘Ushbucks’ to pay dancers, club says, amid social media allegations singer used fake money

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Fox News Flash top entertainment and celebrity headlines are here. Check out what’s clicking today in entertainment.

You’ve heard of bitcoin, now get ready for Ushbucks.

R&B singer Usher is getting flack on Twitter for allegedly using fake money with his own name and face on it at a strip club.

However, the club tells Page Six it’s all a big misunderstanding.

Dubbed “Ushbucks” by one wag on the social media site, the cash, in denominations of $100, $20 and $1, was previously seen on Usher’s official social media channels — stuffed in a see-through suitcase — on April 3.

The story began with a woman going by beel0ove on Instagram, who posted pics of the money to her private account Monday.

R&amp;B singer Usher is getting flack on Twitter for allegedly using fake money with his own name and face on it at a strip club.<br>
However, the club says it’s all a big misunderstanding, and Usher did not use fake money.  (Photo by Paras Griffin/Getty Images)

A friend of hers then shared it, tagging both the strip club — Sapphire Las Vegas — and gossip site The Shade Room, who later posted it to their own Instagram. From there, the star’s supposed attempt at usher-ing in his own form of currency quickly spread across social media, trending on Twitter by Monday afternoon.

However, reached for comment by Page Six via email, Sapphire’s director of marketing, George M. Wilson, IV told us, “Usher was a true gentleman and a great guest at the club.

“He and his crew converted thousands of real dollars to tip the girls dancing on the stage,” and “left a generous tip for the staff!”

“Apparently someone in his team left some Usher dollars on the floor to promote his Vegas residency,” Wilson continued. “That is where it seems the confusion came in. But real actual cash was used for tips. We would love to host him again.”

Usher, 42, announced a Las Vegas residency at Caesar’s Palace — set to begin in July — in September. Ironically, his most recent post shows him wearing a bucket hat made out of $1 bills.

The singer has yet to weigh in on the burgeoning scandal publicly. His rep wasn’t available for comment.

To read more from Page Six, click here.

This content was originally published here.

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Former Ald. Ricardo Munoz Indicted On Wire Fraud And Money Laundering Charges, Accused Of Using Money From Political Fund On Personal Expenses – CBS Chicago

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CHICAGO (CBS) — A federal grand jury on Thursday indicted former Chicago Ald. Ricardo Munoz, accusing him of using money from a political fund on personal expenses.

A 16-count indictment was handed down Thursday in U.S. District Court. It claimed that while serving as alderman of the 22nd Ward, Munoz used money from a political action committee put together by the Chicago Progressive Reform Caucus, or CPRC, for assorted personal expenses.

These included $16,000 for a relative’s college tuition, as well as jewelry, clothing, cellphones, vacations, tickets for a Los Angeles Kings hockey game, airline tickets, aerial sightseeing trips, skydiving excursions, and items from Lover’s Lane – which was the only specific store mentioned.

The indictment claimed Munoz obtained the money through cash withdrawals and debit card purchases from the CPRC bank account, or by transferring money from the CPRC account to an account for another political fund he controlled called Citizens for Munoz, and then on to his personal checking account.

Munoz tried to conceal the fraud scheme by making false statements to the Illinois State Board of Elections and staff members and contractors for the CPRC, the indictment alleged.

The CPRC was a political organization made up of several aldermen in the City Council. Munoz – who served as an alderman from 1993 until 2019 – was its chairman and performed the duties of its treasurer.

Public officials are not legally allowed to receive payments from the CPRC for personal expenses, prosecutors pointed out.

Munoz, 56, is charged with 15 counts of wire fraud and one count of money laundering.

Munoz was appointed as alderman in 1993 by Mayor Richard M. Daley to replace Jesus “Chuy” Garcia, who at the time left the City Council for the Illinois Senate, and in 2018 was elected to the U.S. House of Representatives after eight years on the Cook County Board.

Munoz decided not to run for another term in 2019. Ald. Michael Rodriguez now represents the 22nd Ward.

In June 2019, Munoz was acquitted of a misdemeanor charge domestic battery. He had been arrested on Jan. 2 of that year after police said he got into a quarrel with his wife on New Year’s Eve two days earlier, and shoved and hit her.

A month after the alleged incident, the Chicago Tribune reported Munoz’s wife, Betty Torres Munoz, said she wanted to reconcile with her husband – calling him a “really good man” dealing with alcohol addiction.

The fraud and money laundering indictment against Munoz came the same day as Ald. Patrick Daley Thompson (11th) was indicted in a separate federal case tied to the collapse of a Bridgeport bank, accusing him of lying about loans he received from a failed bank in his ward.

This content was originally published here.

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