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 Democracy; United NY; Strong Economy for All Coalition; ALIGN NY; New York Communities for Change; Make the Road NY; Alliance for Quality Education; Coalition for Educational Justice; Walmart Free New York; Coalition for the Homeless; Food and Water Watch; NY Citizen Action; Met Council on Housing; Community Voices Heard; United Federation of Teachers; Professional Staff Congress; Retail, Wholesale and Department Store Union (UFCW); Communication Workers of America Transport Workers Union Local 100; New York State Nurses Association; Service Employees International Union 1199 – United Healthcare Workers East; Service Employees International Union 32BJ; Alternative Banking; Not An Alternative; Beautiful Trouble; 99 Pickets; MoveOn NY; and others.
