Press Releases

December

2018

6

Retirement Un-Readiness: New Report Warns of ‘Downward Mobility’ for NY Near-Retirees

More than two of every five middle class New Yorkers in their 50s are headed for poverty or near-poverty in retirement. Typical workers in the bottom 90 percent of earnings will need almost a third more income in retirement to maintain their standard of living. And fewer workers of color have access to workplace retirement savings option than whites – escalating their potential for experiencing ‘downward mobility.’

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November

2018

28

Environmental & Community Groups Call on NYC to Divest from Banks that Fuel Climate Change and Establish a Public Bank

As global leaders assemble for the United Nations-backed 4th Annual Climate Finance Day, New Yorkers, including representatives of environmental, community and student groups, rallied at City Hall and called on NYC to divest public money from banks that fuel climate change and to establish a municipal public bank to help fund the transition to a just, sustainable economy.

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July

2018

18

Communities Announce New York Rise for Climate, Jobs, and Justice March September 6

New York, NY — Today, leading New York organizations announced the New York Rise for Climate, Jobs, and Justice march on September 6 around the Global Climate Action Summit. At the Summit, state and local officials are expected to gather in San Francisco to make commitments and fill the void of climate leadership from the Trump administration. New Yorkers are urging Governor Andrew Cuomo, Mayor Bill de Blasio and elected officials at all levels to take bold and immediate action on climate change, create hundreds of thousands of good green jobs, and fight for justice for all New Yorkers.

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May

2018

15

Group Presents Analysis of JPMorgan Chase’s Harms to New Yorkers, at Bank’s Annual Shareholder Meeting

At the JPMorgan Chase shareholder meeting today in Plano, Texas, New Economy Project presented an analysis of Chase’s track record of harming New Yorkers and New York City neighborhoods. The group’s analysis highlighted a litany of discriminatory and abusive practices by the bank, from longstanding mortgage redlining to siphoning of sorely-needed funds from Chase’s lowest-income customers – ultimately driving people out of mainstream banking.

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April

2018

13

KICK-OFF: One Fair Wage NY Campaign for Better Wages, Better Tips

Today, tipped wage workers, advocates, and labor leaders held a kick-off event with and elected officials to call for One Fair Wage in New York. The One Fair Wage (OFW) campaign is fighting for better wages, better tips and represents a next step in the Fight For 15 to cover tipped workers left behind, as part of the ongoing movement forward. Seven states already pay tipped workers a basic minimum wage in addition to their tips: New York could be next.

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March

2018

28

Statement re: Selection of New Federal Reserve Bank of NY President

We are dismayed that the New York Fed appears poised to appoint a new president through a reportedly closed process, without meaningful consideration of public input. Given the vital role of the New York Fed president and all that is at stake with this appointment, New Economy Project calls on the Fed to pursue an open, transparent process for selecting its next president, even if this means going back to square one.

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