The Kansas City Federal Reserve’s annual symposium in Jackson Hole, Wyoming, attracts central bankers, economists and the global elite. The past two years, some new faces came to Jackson Hole: low-wage workers who object to the Fed raising interest rates when too many at the bottom rungs of the economic ladder still struggle.
This year, somebody appears to be ensuring that ordinary people won’t disrupt the party.
The Fed Up campaign, a coalition that brought the workers to Jackson Hole in 2014 and 2015, has filed a formal complaint with the departments of Justice and the Interior, along with the National Park Service, because their hotel reservations for this year’s conference were mysteriously canceled.
Despite paying in advance for spots at the 385-room Jackson Lake Lodge, the Grand Teton Lodge Company told the campaign July 26 that their reservations would not be honored, citing a “computer glitch.” Grand Teton operates the lodge, a publicly owned facility, under a contract with the National Park Service.
Thirty-nine members of the coalition planned to attend this year, but the lodge said computer glitch resulted in overbooking its rooms by 18. Instead of spacing that out among all Jackson Lake lodge guests, the company cancelled all 13 of the Fed Up campaign’s rooms. So nearly three-quarters of the cancelled reservations belonged to the Fed Up group, even though they were told when they booked that 100 rooms were still available at the lodge.
“There is no legitimate explanation for the company’s decision,” wrote Fed Up campaign chair Ady Barkan in the complaint, which alleges possible violations of the Civil Rights Act of 1964 and the First Amendment right to peaceable assembly. “This is egregious and disparate treatment.”
The coalition’s reservations were made in the names of staffers for three of its member organizations – the Center for Popular Democracy, the Economic Policy Institute, and the Center for Economic and Policy Research – using work email addresses.
In an email statement, Alex Klein, vice president and general manager of Grand Teton Lodge Company, said: “This summer we encountered an error with our booking system that resulted in our Jackson Lake Lodge property being oversold by 18 rooms for three peak nights in August. We worked proactively and diligently with guests to relocate them to our nearby Flagg Ranch property, and offered to keep them on a wait list for available rooms should there be cancellations at the Jackson Lake Lodge. We regret inconveniencing any of our guests.”
The Jackson Hole symposium takes place from August 25-27. The event typically features a highly anticipated speech by the Federal Reserve chair – Janet Yellen is expected this year.
In 2014 and 2015, Fed Up brought unemployed workers and local activists to Jackson Hole to highlight how the economy has left behind communities of color and to urge the Fed to hear their voices. Last year, they held an alternative conference in Jackson Hole lodge conference rooms, featuring economists like Nobel Prize winner Joseph Stiglitz.
This year, Fed Up planned to hold a teach-in outside of the lodge, and secured permits for a protest. They still expect 120 members, their largest contingent ever, to attend the proceedings, but they will have to stay in alternative accommodations that are a 20- to 30-minute drive away, separate from symposium guests and the press.
The majority of Fed Up members planning to attend the conference are African-American and Latino, which is why the campaign wants the Justice Department to investigate the matter as a violation of laws ensuring nondiscriminatory treatment in public accommodations. They also want to know if the Kansas City Federal Reserve was at all involved with the decision.
Kansas City Federal Reserve President Esther George has consistently drawn criticism from the Fed Up coalition for wanting to raise interest rates and slow down the economy.
The lodge’s general manager told Fed Up that their reservations were pulled because they were booked in a group of 13, making it easier to cancel them. This, the campaign believes, also violates First Amendment rights to freedom of assembly.
“I recognize that our presence is not desired by either the company or the organizers of the symposium,” Barkan wrote. “But the physical and virtual segregation of Federal Reserve decision-makers far away from the voices and opinions of working class people of color is precisely what the Fed Up coalition is trying to dismantle.”
The incident comes at a sensitive time for the Federal Reserve, which has already been criticized by 127 members of Congress for a lack of diversity among its leadership, which is disproportionately white, male, and either current or former executives of large corporations and financial institutions. Activists believe this homogeneity in race, gender, and background drives central bank decisions that cater to the wealthy and neglect communities of color.
Barkan’s letter to Justice and the Interior concludes: “Once again, the voices and faces of working class people of color have been marginalized … and an opaque, inaccessible, and incredibly powerful quasi-governmental institution has received a bit more insulation from the opinions of the people over whose lives it has so much power.”
The Intercept has reached out for comment to the Justice Department, the Interior Department, and the National Park Service, but did not immediately hear back.
Top photo: National Park Rangers stand silhouetted inside the lobby of Jackson Lake Lodge during the Jackson Hole economic symposium in August 2015.
I almost feel like this is criticizing the poor skin care of the elephant sitting on the lamb
Funny. I used to live in Jackson Hole. Great town, super chill attitude, and great skiing. But I remember how I got treated at restaurants etc. when I clearly wasn’t one of the insanely rich, well to do ones. That town is snob-ville to the extreme and this article doesn’t surprise me at all.
“computer glitch.”
I can’t be real sure but this is the best coverall excuse for all occasions. We droned your house, sorry it was a “computer glitch.”
That was a hospital actually
Some people here love to bash Hillary, but note that https://www.hillaryclinton.com/briefing/factsheets/2016/06/22/stronger-together-hillary-clintons-plan-for-an-economy-that-works-for-everyone-not-just-those-at-the-top/ actually says:
“Appoint Fed governors who share the belief that maximum employment is an essential prong of the Federal Reserve’s dual mandate”
I mean, you folks can play radical and fight over hotel reservations and try to imagine you’re getting somewhere, but it’s not going to do a whole lot of good if we don’t have someone willing to actually appoint somebody who CARES.
History repeats itself.
Now, what in her history causes you to believe that the published statement is true?
Politics is the art of the possible, be pragmatic, we must compromise, etc, etc, etc.
If one eats meat, one is responsible for the horrors of said industry, regardless of whether or not one personally choose to be more conscious with one’s flesh consumption. Just as the moderate religious help make the extremists more defensible.
Politics is no different. Participate in the utterly flawed system and you too have burned the flesh off of a little girl’s face with a sky robot.
Thank you. Your response pauses me to reexamine my actions. I think we must participate in the “system” like these activists in Jackson to prevent the burning of flesh by sky robots made by corporations like General Dynamics (GD).
And the majority shareholder in GD is the Chicago criminal Crown family, Obama’s self-described “best friends.”
I passed out a living wage flyer on national public forest they lease from us and they banned me on the same day. This was in 2010.
It has yet to come to trial in Aspen and last week, an Aspen Judge ordered the forced sale of my house that I built with my own hands. Note: I’ve owned the vacant land since ’06 and paid taxes on it since then—never late.
Hillary will appoint defenders of the status quo. And they don’t care.
Despite assertions about all sorts of things on all sorts of topics, that is the only conclusion supported by the evidence.
As far as “playing radical”, I would suggest that rich fucks cheating regular people out of their hotel rooms and then lying about it is actually what is radical.
Furthermore, pointing out the facts about Hillary is not bashing her.
She only has herself to blame that the truth about her is ugly.
The condescending and ethically challenged mentality that seemingly comes from all of her defenders certainly shouldn’t improve anyone’s impression of her.
I appreciate the ideal that the ultra wealthy are not thinking about the poor or middle class, but I hate the race card being pulled! Fact is every American making less than $50,000 a year is suffering the same! This is not a race battle but a working man versus Rich elitists battle. Race only distracts from the real problem that bankers are not working living pay check to pay check scrapping for any work they can get! The fact that our economy boasts the largest amount of independent contractors in the workforce in US history because companies do not want employees they have to pay healthcare on! The fact that these low interest rates have not freed up loans to small business or to low income borrowers, but have helped banks to play on the stock market instead to boost bank profits is problematic! Why has the fed not done more to make banks who borrow virtually free money loan that money to small business and low income earners? These issues affect over 50% of all Americans and race plays no roll in it.
I agree. It’s a class thing amplified by prejudice but yelling “racism” tunes alotta people out which is sad.
Wait, these idiots are protesting against the Fed RAISING interest rates? How ignorant of economics can you be?
I guess us idiots want the monies we work so hard for to actually be worth something.
We are so dumb.
Sarcasm intended.
I don’t understand you. According to classical/neoclassical/Keynesian/neo-Keynesian/Real Business Cycle/Austrian economics, raise interest rates == reduce incentive to borrow == less borrowing to invest in plant, equipment, and hiring people == slowed economy == more unemployment, which is what the Fed actually seems to want (at least the hawks there do). Why would protesting against that be ignorant/against their self-interest? Sorry, I’m afraid I’m not very good at processing sarcasm/irony if that’s what you were doing.
It isn’t entirely bad to remove innocent civilians from the site… just in case.
The Kansas City Federal Reserve openly embracing class warfare and racism, and thinking that blatant lies will be sufficient to disguise it is a perfect example of how the establishment operates in this country.
They know they’re lying.
We know they’re lying.
The media reports their excuses and justifications without reporting that they are lying.
Pick a topic.
Same shit.
Rinse and repeat.
Just wait until it’s all driverless cars and digital money, you won’t be going any where.
The Federal Reserve and its defenders are remarkably dubious.
“There is no legitimate explanation for the company’s decision,” …
… yes there is …
.. the God damned oligarchs …
this should get you rolling
https://www.youtube.com/watch?v=r7y3xQnWI_k
in the correct direction.
this is interesting.
canary in the coalmine
bankster thieves running a criminal currency scheme on a population must be realising their scam is hitting the breaking point and have decided to maintain separation at the expense of trashing the democracy of the United States of America. That is disloyal and treasonous to America.
Thusly, that would indicate that these bankster thieves are but an invasion of organised criminals in the US.
argentina could’nt be blamed if they went after hedge fund manager paul singer. we have sooo much law enforcement for policing the working class, but none go after those who dumped corexit in the gulf, the president does’nt have the authority to poison americans, but so far he has got away with it.
to combat the gang of hording elitist savages we need an organisation of ruling intellectuals and ground dwellers.
So shall it be written and so shall it be.
In a Biblical fashion.
Like the Fascist pigs?
the practice of printing value is to accomplish a separation of power.
about 2007, wallstreet initiated a plan to falsify valuations of stocks by using a crafted trading program that actually FRONT RUNS TRENDS which is different than front running a trade but worse because it front runs all trades.
This program is a criminal’s wet dream. It was first intorduced at a meeting in Canada to a “bank in america”. Soon after, goldman sachs decided to get into the trade game – as they already were big in M&A – and created a program to run there own competing market which allowed them to hijack the common market to a large extent. Things have only gotten worse since whores like Hellery allowed wallstreet thieves to rob America and continue to falsify values. My understanding is that currently the wallstreet thieves are now in the business of commoditising everything, falsifying valuations, and turning over this crap to their daddy fed for cash.
Golden calf time.
Interesting. I hear they are rigging the market through meta-programming. Essentially, they are manipulating the automated trading programs which control the majority of stock trades.
They do this manipulation by indirect means, controlling the input parameters. If you think about it, the trading programs track what they “see” in the market. These stock trading programs have tunnel vision allowing them to be easily manipulated.
It’s like when the Fed tries to create a “wealth effect” by inflating stock prices.
The Fed should regulate the economy through universal income
“Kansas City Federal Reserve President Esther George has consistently drawn criticism from the Fed Up coalition for wanting to raise interest rates and slow down the economy.”
Low interest rates are the heroin of our phony economy. It’s sad when Federal Reserve protestors are more economically ignorant than the soothsayers and hierophants they oppose.
Phony austerity while oodles of cash are allocated to defense and the oligarchs, that’s the real problem. Interest rates are mouse-nuts in comparison.
Lowering interest rates are a con job in pretense to growth. Growth. Growth of what? value. What value? future value based on the ability to resell crap by borrowing at ever lowering interest rates as a bet they will keep going down. It is a con job to keep wealth in place to finance the military to rob other countries of their productivity so the wallstreet thieves can keep the interest payments coming in, like a tornado sucking up the productivity of everyone everywhere to feed their wealth pool.
ADOLF HITLER FIRED THEM and Germany, whatever else you say about their twisted ways, emerged from depravity and into prosperity – that being a better than 100% return on productivity for the individual.
Wallstreet and the bankster thieves and boss fed need to understand that we the people are onto their con game, or not.
25 years ago I could pay 40% of my monthly utilities with interest from my passbook savings account. That was as a dope smoking laborer.
Today as a crafts person with a lot more savings and dope smoking not allowed, the interest from my savings can’t even buy everything off the dollar menu at McDonald’s’.
I was happier with higher interest rates that’s for sure.
I get that MLK, Jr was lucky not to have to try to do the right thing, a spike lee joint. If he were alive today, no doubt he would be unable to book a room at his own assassination and he would have people writing suicide notes for him at least once daily for all the world to see instead of in the mail every so often.
The world makes me so sad sometimes.
Er not to in this day and age. Blah.
Well of course it was easier to pull the the reservations of a group blacks and Latinos than a group of important whites. Who could argue with that?
Grand Teton Lodge Company is cited by the company, GTLC as a “brand” of Vail Resorts Hospitality. Vail Resorts Management, a holding company trades as MTN on the New York Stock Exchange. It has a virtual monopoly on the entire real estate holding of Vail and the surrounding environs. The CEO of Vail Resorts is Robert A. Katz who is deeply involved in national and local politics. It’s hardly surprising that the company of which he’s the CEO would accidentally “cancel” protestor’s reservations so his banker friends can conduct their business in peace.
worth reading
worth knowing
worth remembering
thanks.
Not sure I understand the issue here. This is a private company and they have the right to cancel anyone’s reservation at any time. This is not a public place. This group was publicly stating that it was there to interfere with and protest against a private gathering (that they were not invited to) on private property, what about this am I missing? I thought stating that it was a computer glitch was generous…
Money talks. Hope the Fed fatasses choke on their own cigar smoke.
I’ve been to this event several times as a teen/kid and it’s actually very much in the open as the conference rooms open directly into the main lodge which is public. Even if they aren’t staying at the hotel can still access lawmakers easily. It’s not like a bigger hote where conference rooms are hidden.
Also maybe look into fact Paul Wolfowitz has a house nearby :/ I’m sure he has a great security team.