Finance

New York Funds Affordable Housing Projects
Finance

New York Funds Affordable Housing Projects

December 30, 2014 By Neal Tepel More than $16.5 million has been awarded for the construction of 240 new units of affordable housing across the State. “All New Yorkers should have a safe and decent place to call home, and today we’re taking another step toward making that goal a reality,” Governor Cuomo said.

Former Labor Leader Calls Budget Compromise a Debacle
Finance

Former Labor Leader Calls Budget Compromise a Debacle

December 25, 2014 By Marc Bussanich Happy Holidays Working Folk!! New York, NY—The former president of Workers United and UNITE HERE! called the recent $1.1 trillion budget compromise a “debacle” because the new spending bill now allows very wealthy people to spend even more cash to influence politics in Washington, D.C than before.

Amalgamated Bank Hires Former White House Aide
Finance

Amalgamated Bank Hires Former White House Aide

December 25, 2014 By Stephanie West New York, N.Y – Amalgamated Bank announced that Sam Brown, a former aide in the Obama administration, has been selected to lead the bank’s business development team to customize banking services for unions.

Retirement Security Increasingly Insecure
Finance

Retirement Security Increasingly Insecure

December 19, 2014 By Kenneth Quinnell RePrinted from: www.aflcio.org/Blog/ Washington, DC – Every three years, the Center for Retirement Research at Boston College issues the National Retirement Risk Index (NRRI), taking a look at the percentage of America's households that are at risk of seeing a decline in quality of life after retirement. In the…

NYCHA Squandered Opportunities to Raise Millions
Finance

NYCHA Squandered Opportunities to Raise Millions

December 18, 2014 By Neal Tepel New York, NY – The New York City Housing Authority (NYCHA) missed out on at least $692 million in revenue and cost savings opportunities and repeatedly failed to meet revenue and savings projections, according to an audit of NYCHA's finances and financial practices released by New York City Comptroller…

Tax Breaks Contribute To Inequality
Finance

Tax Breaks Contribute To Inequality

December 17, 2014 By Neal Tepel Washington, DC – Taxpayer subsidies awarded to corporations by feederal, state and local governments, are fueling economic inequality. Giant companies owned by billionaires are receiving millions from our government while taking advantage of employees. These low-wage companies receiving high taxpayer subsidies should be encouraged to pay workers a living…

Insurance Premium Increase Threatens Union Pensions
Finance

Insurance Premium Increase Threatens Union Pensions

December 10, 2014 By Neal Tepel Washington, D.C. – LIUNA – the Laborers’ International Union of North America – is urging Congress to reject a proposal which would dramatically increase insurance premiums for multiemployer pension plans, devastating millions of current and future retirees. 

Progressives and the Minimum Wage: A Missed Opportunity
Finance

Progressives and the Minimum Wage: A Missed Opportunity

December 4, 2014 By Oren M. Levin-Waldman, Ph.D. It is commonplace to think of progressive policy as that which assists the poor and the downtrodden. Progressive politicians have historically been in the forefront of labor legislation favoring worker rights, minimum wage laws, anti-poverty programs, civil rights, women’s rights, and more recently environmental protection.

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