News

Report Reveals NYC Can Recoup Revenue Through Wall St. Market Power

On the heels of a mayoral campaign centered on rising inequality, a new report to be released tomorrow by the Center for Popular Democracy and the New Day New York Coalition will show the annual revenue and economic stimulus that the New York City government can generate by using its financial market power, which the report compiles.

MEDIA ADVISORY
FOR PLANNING PURPOSES FOR DECEMBER 3, 2013

Contact: Tony Perlstein, Center for Popular Democracy
(917) 647-7751, TPerlstein@populardemocracy.org

Center for Popular Democracy and the New Day New York Coalition Release New Report that Details Revenue and Local Economic Stimulus NYC Government Can Recoup By Using Wall Street Market Power

New York does enough business with Wall Street to renegotiate bad deals

On the heels of a mayoral campaign centered on rising inequality, a new report to be released tomorrow by the Center for Popular Democracy and the New Day New York Coalition will show the annual revenue and economic stimulus that the New York City government can generate by using its financial market power, which the report compiles.

WHO:

  • Report authors
  • Homeowners who have been affected by Wall Street lending practices
  • Organizers of the December 5 rally for economic fairness

WHEN:

Tuesday, December 3
11 AM

WHERE:

Conference call: 1.800.434.1335
Conference code: 256629#

WHAT:

Press conference call to detail New York’s market power with Wall Street banks and the revenue and economic stimulus that could be generated by using that financial market power to renegotiate bad deals with Wall Street.

ABOUT NEW DAY NEW YORK COALITION

The New Day New York Coalition is a new coalition made up of community groups, faith organizations, labor unions, and veterans of Occupy Wall Street working for years on issues of economic fairness – united to organize a week of actions demonstrating that the vision and policy principles New Yorkers voted for in the past election have popular support and practical pathways forward.

The coalition includes Center for Popular DemocracyUnited NYStrong Economy for All CoalitionALIGN NYNew York Communities for ChangeMake the Road NYAlliance for Quality EducationCoalition for Educational JusticeWalmart Free New YorkCoalition for the HomelessFood and Water WatchNY Citizen ActionMet Council on HousingCommunity Voices HeardUnited Federation of TeachersProfessional Staff CongressRetail, Wholesale and Department Store Union (UFCW)Communication Workers of America Transport Workers Union Local 100New York State Nurses AssociationService Employees International Union 1199 – United Healthcare Workers EastService Employees International Union 32BJAlternative BankingNot An AlternativeBeautiful Trouble99 PicketsMoveOn NY