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City Pension Board Votes Against Charter Backer’s Hedge Fund

March 19, 2015
By LaborPress

The New York City Employees’ Retirement System has rejected a proposal to invest pension-fund money in Gotham Asset Management, a hedge fund owned by charter-school backer Joel Greenblatt. Greenblatt is a cofounder of the Success Academy charter chain run by Eva Moskowitz, who has frequently butted heads with both the United Federation of Teachers and Mayor Bill de Blasio.

Business Leaders Back Cuomo's Minimum Wage Boost

March 18, 2015
By Stephanie West


Albany NY - A significant number of Upstate business leaders have announced their support for Governor Cuomo's "Fight for Fair Pay" campaign to raise the state's minimum wage this year. The 44 business leaders join 41 others from Downstate who now represent broad private sector support – including some of New York's most prominent business leaders and an array of small businesses.

Budget Blueprint for Pennsylvania

March 4, 2015
By Pennsylvania AFL-CIO President Rick Bloomingdale and
Pennsylvania AFL-CIO Secretary-Treasurer Frank Snyder


Harrisburg, Pa.  - "Governor Wolf's budget makes the much needed investments in education, health, and human services that will restore our state as a leader in job creation, prosperity and economic growth for years to come.

Wisconsin Anti-Worker Bill Hurts Families and Economy

March 2, 2015
By SEIU President Mary Kay Henry


Washington, DC - Guest article by SEIU President Mary Kay Henry regarding the Wisconsin legislature's passage of anti-worker "right-to-work" legislation. "This terrible legislation hurts families and it hurts the economy in Wisconsin. Gov. Walker and his out-of-touch allies in the legislature have dealt a blow to working families.

Public Contract Fraud Case on Long Island

February 19, 2015
By Stephanie West


Long Island, NY - Charles Angelillo, 41, of Eastport, has been sentenced in his role of defrauding the state of over $200,000. He submitted false invoices over a two year period for HVAC equipment, supplies, and labor. Angelillo is banned from bidding on public contracts with the state and municipalities for five years.

President Obama’s FY2016 Budget

February 4, 2014
By AFL-CIO President Richard Trumka


Washington, DC-- In the State of the Union, President Obama forcefully advocated for working families and the bold actions we need to create an economy that truly works for all working people. 

Citibank Eliminates Barriers to Low-Income Americans

February 4, 2015
By Neal Tepel


New York, NY – Citibank has agreed to adopt new policies governing its screening of lower-income customers seeking to open checking or savings accounts. Citibank’s will now allow thousands of additional New Yorkers and consumers nationwide to open bank accounts.

City’s Tourism Generated Record $61.3 Billion

February 3, 2015
By Stephanie West


New York, NY — New York City reached an all-time record of 56.4 million visitors in 2014. Tourism generated a record $61.3 billion in overall economic impact, supporting 359,000 related jobs and $21 billion in wages.

A Wage Floor Forces Employers To Pay Better

January 22, 2015
By Oren M. Levin-Waldman, Ph.D.

It has become a staple of the neoclassical economics model that when productivity increases, then so too will wages. Why is this? Because in a competitive market each worker receives the value of his or her marginal product, which is the amount of an increase in say a unit of labor.

Jobs Increase But Wages Stagnate

January 12, 2015
By Neal Tepel


Washington, DC - The Labor Department has reported that the U.S. created more jobs in 2014 than any year since 1999, but paychecks continue to decline. With jobs increasing across the U.S., wages are now the nation’s chief economic concern.

AFL-CIO Equity Index Fund Grows to $6 Billion!

December 30, 2014
By Mike Stotz, AFL-CIO Investment Trust Corporation President


Washington, DC - In just two months the AFL-CIO Equity Index Fund—already the fastest growing investment program in AFL-CIO history—raised an additional one billion dollars in new investments from more than a dozen pension plans. That means that we now have more than six billion dollars in committed funds!

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

Bruce Raynor criticized the budget compromise that favors the wealthy.

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

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.

Whether You Love ‘em or Hate ‘em, Wall Street is Key to New York’s Economy

December 24, 2014
By Marc Bussanich

New York, NY—That was the message Comptroller Thomas DiNapoli gave when he spoke before business and labor leaders on December 12 about how the securities industry is a major tax revenue source for both New York City and State.

Republican Strategy: Eliminate Unions and Reduce Worker Protections

December 23, 2014
By Neal Tepel, LaborPress Editorial


Washington, DC - Several Kentucky counties are moving forward passing local 'Right to Work' legislation. Republicans in Kentucky are engaging in a tactic that could spread across the country and labor leaders are paying very close attention.

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