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Upcoming Local Events

Thursday, July 30th

Friday, July 31st

Friday, August 7th

Friday, August 14th

Friday, August 21st

Friday, August 28th

Friday, September 4th

Friday, September 11th

Friday, September 18th

Friday, September 25th

Global IMC Network

Newswire

Family Planning Offers Free HIV Testing June 22-26

June 22, 2015 by jgarnar

Are you positive you’re negative? Family Planning of South Central New York, Inc. will mark National HIV Testing Day by offering free confidential rapid HIV testing and counseling for the entire week, from June 22 through June 26 at all five of their health centers during regular business hours.

Mural Fest Attracts 31 Artists, Performers, Vendors, Sponsors

April 19, 2015 by pegjohnston

Mural Fest 2015 will involve 31 artists, several bands, both amplified and acoustic, vendors, and tabling with art. Several illustrious artists from out of town will do demonstrations of mural painting. The Dept of Public Art is painting 11 panels on a food theme for a boarded up building on Chenango Street, and other artists will paint other designs. Several area businesses are sponsoring the mural fest and a cut out of a hot air balloon will bear the name of the sponsors. So far, the sponsors include Belknap Lumber, Kovarik Hardware, Cooperative Gallery, Orion Beauty, Lost Dog, Galaxy Brewing, Zona Grill, Water St. Brewing, Burger Mondays, The Shop. The Belmar is providing food for artists and volunteers are encouraged to bring food for the artists and performers. Mural Fest will take place on Sunday from 12-5 pm on the Riverwalk, by RiverRead Books, down to the MLK Promenade.

The Fest is also being supported by Broome County, the City of Binghamton, and Gorgeous Washington Street Assn.  It is sponsored by reBold Binghamton and the Dept of Public Art (Ctr for Gender, Art, and Culture).

MORAL MONDAY RETURNS TO BINGHAMTON

April 4, 2015 by pegjohnston

The Greater Binghamton Labor/Religion coalition invites our community to join us on Moral Monday, April 6 at 4:30 PM at the Federal Building on Henry Street in Binghamton where we will stand vigil and raise our voice for a fair and just Federal Budget.  

As poverty and inequality continue to grow, faith leaders and people of conscience will come together to call for justice and the common good.  The 2015 Federal budget has proven once again Washington continues to put large corporations, banks and billionaires above the poor and  middle class.*

We stand for the poor and vulnerable, our children and our senior citizens, those who cannot speak for themselves.  We do not stand for tax dodging corporations and overpaid CEO’s who reap the benefits of underpaid workers.  We are acting on our moral imperatives, and demand that our elected officials in Washington and New York create a budget that works for all, not the chosen few.

###

For more information visit:  www.nationalpriorities.org

Read the attached Paul Krugman column

File Attachment: 

EAGLE RIVER VALLEY – THREE TIMES A CHARM!

March 19, 2015 by pegjohnston

As we begin our third season promoting the Eagle River Valley Cultural and Economic Corridor, comprised of the Communities of Hancock, Deposit and Windsor, NY and their immediate surrounding areas, we would like to share our successes. 

Bill Pesce, owner of Whip Works Art Gallery in Windsor and retired marketing executive was the visionary who introduced the concept of marketing the three towns collectively rather than individually.  With Bill's direction and determination, the Windsor Partnership approached the Partnerships and Chamber of Commerce members in Deposit and Hancock to form an alliance to facilitate such a corridor.  Bill also reached out to the Broome County and Delaware County Departments of Planning and Economic Development, applied for grants and successfully obtained funds to promote the Eagle River Valley Corridor. 

The committee began reaching out to local businesses in the three towns to solicit their participation by offering discounts and free items to attract prospective tourists, retirees and entrepreneurs to the area.  The committee also formed the corridor’s name and after much deliberation chose Eagle River Valley since all three towns have major rivers as one of their important resources and are also fortunate to have one of the largest eagle populations in our nation.  The group developed their mission statement, set up a website, LinkedIn account and Facebook page and have been working diligently at branding the corridor.  A mass mailing went out to targeted recipients the first year and a second targeted postcard mailing went out the following year to a different market. Press releases have been sent to over 200 New York Metro area and Southern Tier newspapers repeatedly. 

Also in the second year, 10,000 flyers describing the corridor and what it has to offer were printed and delivered to four Information booths along major New York highways.  Mailings of an introductory letter and a supply of the same flyers were sent to approximately 200 New York and Pennsylvania hotels, motels, campgrounds and bed & breakfasts within a two hour radius.

Several business participants in the Eagle River Valley Corridor have graciously provided vouchers  for overnight accommodations, meals and recreational activities to be used as prizes for our  free give-away to take place the first day of spring 2015 - the drawing is upon us, but we anticipate another round of give-aways for the following year that will be just as enticing.

We are pleased to be starting this season with a 15,000 full color, two sided insert in the Route 17/86 Spring Summer Travel Guide which will be distributed in early April.  We will also be printing 25,000 tri-fold brochures to again be distributed to Information booths, hotels, motels, campgrounds and bed & breakfast locations.  Thanks once again to Broome County and Delaware County Departments of Planning and Economic Development and the O'Connor Foundation for their commitment to funding our endeavors.  The committee continues to issue bi-monthly press releases and update our LinkedIn and Facebook pages and our website.  We are continuously providing much needed information about our corridor's events, opportunities and commerce.

Please visit our LinkedIn page, our website:  www.eaglerivervalley.org and Like us on Facebook.  If you are a merchant within the corridor and want to share an offer (which is free of charge to you) , please contact us at:  contact@eaglerivervalley.org. 

Nate & Kate at Cranberry Coffeehouse

February 22, 2015 by bingsierra

The Cranberry Coffeehouse, at 7:30 on Sat., March 21, presents the Ithaca-based duo Nate & Kate.
For the past 9 years and through almost 1,000
performances, Nate & Kate have developed their
unique vaudeville-inspired variety folk duo show.
Featuring cello, guitar, banjo, harmonica, piano,
harmony vocals, funny to poignant original songs,
sing-along favorites, and hilariously impressive
musical juggling routines, the duo does its best
to balance entertainment value and artistry.
Nate & Kate have been called Central New
York’s folk superheros. They deliver a completely
unique and dynamic show fit for old, young, and
all in between.
The New York Times said of one of Nate and Kate’s performances: “the rootsy Americana music that
came from their voices and string instruments
(coaxed) the crowd to pop along to homespun
renditions that spanned from the classic "Swing
on a Star" to the Simon and Garfunkel’s golden
"Homeward Bound." Nate even juggled hoops….”
See and hear more at www.nateandkate.com!

The Cranberry Coffeehouse is located at the Unitarian Universalist Congregation of Binghamton, 183 Riverside Dr., Binghamton (next to Lourdes Hospital). Park behind the church or in front (for handicapped access).

The Coffeehouse runs from 7:30-10 p.m. Snacks and goodies from the Cranberry kitchen, and of course, coffee, will be sold.

The Middle Set is reserved for you! Sing a song, dance a dance, tell a story. Please observe our five minute limit.

Suggested admission is $8.

For more information, visit www.cranberrycoffeehouse.org or call 754-9437.

Bird vs. Humans: A Sierra Club Talk

December 29, 2014 by bingsierra

Julian G. Shepherd, Binghamton University Associate Professor of Biology, will discuss "Bird Life in a Human-Dominated Environment" at the January 20 meeting of the Susquehanna Group of the Sierra Club.
Drastic alterations by humans of natural environments all over the Earth have left bird populations with much less natural habitat to occupy. But many bird species are adapting to these new, human-modified environments and, in some cases, thriving. This talk will consider these changes and look at the future for bird populations on Earth.
Shepherd is a member of the Executive Committee of the Susquehanna Group of Sierra Club and of the Binghamton Shade Tree Commission.
At the meeting, Dan Watkins will be presented with the Lynda Spickard Environmental Award. Watkins has led numerous "weed walks" for the Broome County Naturalist's Club. He is recognized for his efforts toward long-term education and promotion of the natural world.
A potluck dinner precedes the program at 6:30. Bring a dish to pass.
The meeting will be held at Central United Methodist Church, 17 Nanticoke Ave., Endicott. The public is invited, free of charge.

For more information, contact Scott Lauffer at lauffer.scott@gmail.com.

Holiday treat in store for you!

December 24, 2014 by bingsierra

When all the holiday parties are over, the scrumptious goodies eaten, the gifts enjoyed and stowed away, the Xmas tree put out at the curb, the New Year ushered in, and the New Year’s resolutions made, there’s one more holiday treat in store! The annual visit of Quickstep to the Cranberry Coffeehouse.

Quickstep, a.k.a. John Kirk, Trish Miller and Ed Lowman, perform at the Cranberry Coffeehouse on Sat., Jan. 17, 2015, 7:30-10 p.m., at the Unitarian-Universalist Congregation of Binghamton, 183 Riverside Dr., Binghamton. Admission is a suggested $8.

John, Trish and Ed entertain with a diverse repertoire of original and traditional music. Leading the way are John and Ed’s fine fiddle selections. John’s warm clear voice, Trish’s clog dancing or banjo playing and Steady Eddie’s singing, yodeling, guitar playing and bass round out the band’s sound. This trio, which has performed at the Cranberry since its inception decades ago, is from Saratoga County, NY, and for many years they’ve played for concerts, dances and workshops.
The group is in the process of recording a new CD with Ed. It will feature old-time music and some songs about living the good life in a rural setting.
Park behind the church or in front (for handicapped access).
The Middle Set is for you! The Cranberry Coffeehouse encourages all musicians, vocalists, storytellers, and dancers to share their talents in the middle set. Middle set performances are limited to 5 minutes.
Contact: email/cranberrycoffeehouse@yahoo.com or phone 607-754-9437 for more information.

United Nations Votes for Process to Create Global Bankruptcy Framework

December 8, 2014 by Advocacy

UN Process Could Limit Default and Stop Predatory Funds

Photography Competition: Call for Entries

November 22, 2014 by pegjohnston

Call for Entries

It’s time to prepare photos for the 4th Bob Johnston Memorial Photography Show and Competition!  We hope once again many fine photographs will be entered.

The show will run from January 2 to 31st, 2015, at Cooperative Gallery, 213 State Street, Binghamton, NY.

The open themed show, sponsored by the Two Rivers Photography Club and Cooperative Gallery, welcomes up to three framed photos per entrant in color or black & white.  Photos, the application form and fee of $10 per photo, must be delivered to the gallery on December 27 or 28 at times listed on the application.  Forms may be obtained at the gallery, downloaded from the TRPC web site (www.2rpc.com), or the gallery’s web site (www.cooperativegallery.com).  Questions not answered by the application form may be directed to Geof Gould at 321-1591 or via email at ggould@binghamton.edu.

Cash prizes go to the top five entries chosen by the show’s judge for this year, Mr. JW Johnston.   Winners will be announced at 7:00 pm, First Friday, January 2 at Cooperative Gallery.  Refreshments will be served.

Bill McKibbon on the US-China Climate Change Deal

November 15, 2014 by pegjohnston

Last night, just weeks after the largest climate mobilization ever, the world's two biggest polluters -- the United States and China -- announced their most ambitious climate action yet. That is not a coincidence: it's a sign that our pressure is working, and that we need to apply much more.

Here's my take on what the just-announced plan from President Obama and Premier Xi is, and isn't:

1) It is historic. John Kerry was right to use the phrase in his New York Times oped announcing the deal: for the first time a developing nation has agreed to eventually limit its emissions. This is a necessity for advancing international climate negotiations.

2) It isn't binding in any way. In effect President Obama is writing an IOU to be cashed by future presidents and Congresses (and Xi is doing the same for future Politburos). If they take the actions to meet the targets, then it's meaningful, but for now it's a paper promise. And since physics is uninterested in spin, all the hard work lies ahead.

3) It is proof -- if any more was needed -- that renewable energy is ready to go. The Chinese say they'll be using clean sources to get 20% of their energy by 2030 -- which is not just possible, it should be easy. Which they know because they've revolutionized the production of solar energy, driving down the cost of panels by 90% or more in the last decade.

4) It is not remotely enough to keep us out of climate trouble. We've increased the temperature less than a degree and that's been enough to melt enormous quantities of ice, not to mention set the weather on berserk. So this plan to let the increase more than double is folly -- though it is good to see that the two sides have at least agreed not to undermine the 2 degrees Celsius warming target, the one tiny achievement of the 2009 Copenhagen conference fiasco.

5) It is a good way to put pressure on other nations. I've just come back from India, which has worked hard to avoid any targets of any sort. But the lesson from this pact is, actual world leaders at least need to demonstrate they're talking about climate; it makes the lead-up to the global negotiations in Paris next year more interesting.

6) It is a reason projects like Keystone XL and fracking make even less sense than ever. If President Obama is serious about meeting these kinds of targets, then we need serious steps; the surest way to undermine this commitment would be to approve new pipelines or authorize other new fossil fuel developments like fracking. If you pledge sobriety and then buy a keg of beer, people are going to wonder.

7) It is another reminder that it is past time to divest from fossil fuels. The burgeoning divestment movement has been arguing not just on moral grounds, but also making the point that the future will inevitably lead to a downsloping curve for the old energies. This is another warning -- for anyone who looks more than a few quarters out, the writing is on the wall that the fossil fuel era is on its way out.

8) It's not, in any way, a stretch goal. These numbers are easy -- if you were really being cynical, you could say they're trying to carefully manage a slow retreat from fossil fuels instead of really putting carbon on the run. The Germans, for instance, will be moving in on 60% of their energy from clean sources by the mid-2020s, when we'll still be cutting carbon emissions by small increments.

9) It is -- and this is the real key -- a reminder that movements work. President Obama first endorsed the 80 percent by 2050 goal he enshrined in this pact when he was running for president in 2007, a week after 1,400 demonstrations around the nation demanded that goal. This comes seven weeks after by far the largest global climate demonstrations in history, and amidst ongoing unrest in China about the filthy air in its cities.

10) It isn't, in other words, a reason to slack off one bit in the ongoing fight for a livable climate, a fight we must continue at all cost. If we want this to be a start, and not a finish, we've got to build even bigger and more powerful movements that push the successors of these gentlemen to meet what science demands.

Today is an achievement for everyone who's held a banner, signed a petition, and gone to jail -- and a call for many more to join us going forward!

Thank you so much for everything you've done, and for everything you will do next.

Debt Payments Dwarf Reconstruction Aid on Philippine's Typhoon Haiyan Anniversary

November 10, 2014 by Advocacy

Religious, Development and Environmental Groups Petition World Bank for Debt Relief

FINAL BROOME COUNTY BUDGET PUBLIC HEARING

November 8, 2014 by activ60

Come to the Press Conference Thurs, Nov 13 at 4:30 pm and Public Hearing at 5 pm, BC Office Bldg SPEAK UP !

From wicz.com
(Republican Blockade defeats amendments.)

GARNAR PROPOSED WHAT HE CALLED A BARE BONES MENTAL HEALTH CLINIC--ASKING TO BUDGET 200,000 DOLLARS TO KEEP 3 OR 4 SOCIAL WORKERS ON STAFF TO AVOID LENGTHY WAITING LISTS. THAT MOTION WAS ALSO VOTED DOWN..

"It's really not the right way to conduct government in my opinion, this is a big policy decision. We have run a clinic like this for 40 years. It's a policy decision that the legislature should have been brought into and we weren't," said Daniel D. Reynolds, District 4 Broome County District Legislator.

"Raises were given out to non-union staff. They were 1 percent raises and you got some of these people making $30,000 to $35,000 and it just doesn't seem fair that somebody making $30,000 gets a 1 percent raise while somebody making $100,000 gets a 10 percent raise," Garnar said. So a stipend reward of $8,000 to the Mental Health Commissioner, how does that grab you?

Majority Leader Marinich states he got a mandate on Nov 4 to continue cuts.

YOU REALLY NEED TO BE THERE TO SEE THE PROCESS - MY, MY, THE DOUBLESPEAK AND HYPOCRISY!

International Monetary Fund Releases Plans to Stop Predatory Hedge Funds

October 6, 2014 by Advocacy

The International Monetary Fund (IMF) released new proposals for preventing predatory hedge funds and hold-out investors from blocking debt restructurings. The paper proposes a series of reforms to debt contracts, including strengthened collective action clauses and a modification of the pari passu clause that hold-out hedge funds used to sue Argentina.

"In the wake of debt restructurings in Argentina and Greece, the IMF is incredibly concerned about vulture funds," stated Eric LeCompte, the Executive Director of the religious anti-poverty coalition, Jubilee USA Network. "The IMF is advocating a market approach, but we also need a statutory approach. We need to change both the contracts and the laws."

The reforms would not apply to existing sovereign bonds. The IMF proposal states that there may be a need for action on those bonds as well if the precedent set in Argentina vs. NML begins to impact other countries. The paper comes on the heels of a similar August proposal by the International Capital Market Association to deter disruptive predatory and hold-out behavior. The primary difference between the two proposals is that the IMF paper does not promote establishing creditor committees to reach agreements in the event of disputes.

"It's important that the IMF acknowledges a market approach might not be enough. This suggested approach would need to be comprehensive and won't have an impact for decades," said LeCompte, who serves on United Nations expert groups that seek to tackle these problems.

International Monetary Fund Releases Plans to Stop Predatory Hedge Funds

October 6, 2014 by Advocacy

The International Monetary Fund (IMF) released new proposals for preventing predatory hedge funds and hold-out investors from blocking debt restructurings. The paper proposes a series of reforms to debt contracts, including strengthened collective action clauses and a modification of the pari passu clause that hold-out hedge funds used to sue Argentina.

"In the wake of debt restructurings in Argentina and Greece, the IMF is incredibly concerned about vulture funds," stated Eric LeCompte, the Executive Director of the religious anti-poverty coalition, Jubilee USA Network. "The IMF is advocating a market approach, but we also need a statutory approach. We need to change both the contracts and the laws."

The reforms would not apply to existing sovereign bonds. The IMF proposal states that there may be a need for action on those bonds as well if the precedent set in Argentina vs. NML begins to impact other countries. The paper comes on the heels of a similar August proposal by the International Capital Market Association to deter disruptive predatory and hold-out behavior. The primary difference between the two proposals is that the IMF paper does not promote establishing creditor committees to reach agreements in the event of disputes.

"It's important that the IMF acknowledges a market approach might not be enough. This suggested approach would need to be comprehensive and won't have an impact for decades," said LeCompte, who serves on United Nations expert groups that seek to tackle these problems.

Vote Smart Could Transform Voting Decisions

September 25, 2014 by pegjohnston

 

Citizens have got to know about Project Vote Smart, a non-partisan group of students and volunteers from all over the country who have put together a massive factual database on politicians.

Vote Smart gathers the voting records, biographies, public statements (issue or even key word searchable), issue positions, who gives candidates money, even the ratings done by over 200 competing special interests on every candidate and official. They make it so you don’t need to listen to all the self-serving nonsense of campaigns anymore.

You can get just the facts on Vote Smart's web site (votesmart.org) or even call them on their toll-free Voter’s Research Hotline (1-888-VOTE-SMART) and one of their researchers will look up anything you need to know.

UN Votes for Process to Enact Bankruptcy Treaty and Stop Vulture Funds

September 9, 2014 by Advocacy

 The UN General Assembly passed a historic resolution to begin treaty negotiations to enact a global bankruptcy process and stop predatory hedge funds. The resolution passed by a super-majority vote of 124-11 with 41 abstentions. The US voted no along with 10 other countries. The bankruptcy process could make it more difficult for hold-out investors to block countries from debt restructuring and could limit future defaults.

"The strong majority vote shows how powerful the global consensus is to stop predatory financial behavior," noted Eric LeCompte, Executive Director of the religious debt relief organization, Jubilee USA. "If we are going to solve what global leaders believe is the root cause of inequality, we need a bankruptcy system in place." LeCompte serves on UN expert groups working to create an international bankruptcy process.

Adam Smith, founder of modern economics, argued in favor of a sovereign country bankruptcy process. The United Nations resolution passed in the wake of Argentina's legal dispute with hold-out investors and predatory hedge funds. During today's session of the UN General Assembly the United States government argued that there needs to be more stability in the global financial system and an end to predatory behavior. However, the US government was one of a handful of countries who voted against the resolution while defending a market-based solution.

"The United States has led for 15 years on debt relief and has been a powerful voice against predatory behavior," said LeCompte. "I along with the entire faith community is so deeply saddened that the US government voted against our debt relief efforts. Our leaders failed us today."

Jubilee USA Network is an alliance of more than 75 US organizations, 400 faith communities and 50 Jubilee global partners. Jubilee's mission is to build an economy that serves, protects and promotes participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

SPEAK UP FOR BC MENTAL HEALTH CLINIC

September 9, 2014 by activ60

Will you join with one of the 10 percent of the 550 people on Save Our Clinic Facebook who
support keeping the BC MH Clinic to write an editorial?

Sharpen those pencils. Your letter is needed.

Concerned Parents & Community Rally In Solidarity with Ferguson, MO

September 8, 2014 by Zalasith

P.L.O.T (Progressive Leaders Of Tomorrow)
C.R.C.C. (Confronting Racism Coordinating Committee)
Name: Cory Ray
Email: coryray.endeavor@gmail.com
Phone: 607-226-3437

Press Release
For Immediate Release

Concerned Parents & Community Rally In Solidarity with Ferguson, MO
Residents Call For Responsible Policing and Better After-School Options

Binghamton, NY - On Saturday, September 6, at 3pm, concerned parents and community members gathered at Columbus Park in Binghamton, to stand in solidarity with the peaceful protesters in Ferguson, MO, whose actions have sparked a national conversation on racial inequality and police brutality. Locally, community members are also concerned about the increasing presence of police in schools and decreasing funding for afterschool programs. Residents gathered today to:

• Issue concerns to the Binghamton School District regarding Student Resource Officers in the schools.
o “Increased police presence in our schools does not achieve the stated goal of improving safety. To achieve a school climate in which all students and staff feel safe and comfortable to learn and grow, we should continue providing faculty with training and opportunities to solve conflicts and constructively manage student’s needs throughout the day.”
- Korin Kirk, Binghamton Resident

• Marched to City Hall to issue a list of demands to Mayor Rich David and the City Council and to Police Chief Joe Zikuski.

o “Violent crime has been falling, which means that the ratcheting up of law enforcement often leads to police overreach and harassment in our communities. We must track and document each stop police make, and invest in uniform cameras to help create a culture of accountability.
-Cory Ray, Binghamton Community Member

o “Today we are here to make a bold demand: that every kid in Binghamton be entitled to free after school and summer programming.”
-Andy Pragacz – Binghamton University PhD student currently researching jails in upstate New York

• Continued on to Peacemaker’s Stage for a community speak-out on issues of concern, as well as publicizing resources and activities that offer support to residents affected by these issues.

Opportunities for Involvement with Justice Issues:

Community Attitudes towards Law Enforcement Survey - Binghamton University Research Project
Become a surveyor and travel the neighborhood collecting stories and data from residents about their experiences with Law Enforcement.
Contact: Dr. Sean Massey 607-245-9740
Email: Smassey@Binghamton.edu

Volunteer or Intern with The Boys and Girls Club:
Supervise and engage with children attending various after school programs at the Boys and Girls Club.
Contact: Kymel Yard 1-718-710-0286
Email: Volunteerbgc@gmail.com

Progressive Leaders of Tomorrow [PLOT]
Learn organizing skills, how to create actions and exert pressure on public officials, or even run for office!
Contact: Cory Ray 607-226-3437
Email: CoryRay.Endeavor@gmail.com

School Board Meetings
These meetings are open to the public and are held every third tuesday at 7 p.m. in the 3rd Floor Board Room, Columbus School, 164 Hawley Street, Binghamton, NY. It is a good place to express concerns and learn about the inner-workings of our schools!
Contact: District Clerk Sanya Brown 762-8100 Extension : 319
Email: Browns@BinghamtonSchools.org

City Council Meetings
These Meetings are also open to the public, they are held usually every tuesday, with a public work session on mondays. City Council Meetings take place in the Council Chambers in Binghamton City Hall at 38 Hawley Street. For more information, you can visit www.binghamton-ny.gov/departments/city-council/city-council
Contact: City Hall (607) 772-7021

This event was organized in conjunction with nation-wide rallies in solidarity with the residents of Ferguson, MO, called the National Moment of Silence 2014, in memory of Michael Brown and all other victims of police brutality.

###

UN Vote Tuesday Could Create Global Bankruptcy Process, Deter Predatory Funds

September 8, 2014 by Advocacy

The UN General Assembly votes Tuesday at 3pm (EDT) on a resolution that could create a global bankruptcy mechanism. Such a process could protect poor countries from predatory funds and limit future defaults. Jubilee USA's leadership, a group of religious leaders and financial experts sent a letter to United States UN Ambassador Samantha Power urging her to support the resolution.

"There's global consensus to stop predatory behavior," noted Eric LeCompte, Jubilee USA's Executive Director who signed the letter. "This resolution is an opportunity to turn consensus into action. A process could begin that allows us to challenge inequality and have real stability." LeCompte serves on UN expert groups developing a sovereign debt resolution process.

The resolution comes in the wake of Argentina's legal dispute with predatory hedge funds and hold-out investors. During the course of that dispute, the International Monetary Fund, US Government, United Nations and World Bank all expressed concern that a legal victory for predatory funds would make debt restructurings more difficult. The UN action also follows a proposal from the International Capital Market Association to alter debt rules to curb predatory behavior.

Jubilee USA Network is an alliance of more than 75 US organizations, 400 faith communities and 50 Jubilee global partners. Jubilee's mission is to build an economy that serves, protects and promotes participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

UN Vote Tuesday Could Create Global Bankruptcy Process, Deter Predatory Funds

September 8, 2014 by Advocacy

The UN General Assembly votes Tuesday at 3pm (EDT) on a resolution that could create a global bankruptcy mechanism. Such a process could protect poor countries from predatory funds and limit future defaults. Jubilee USA's leadership, a group of religious leaders and financial experts sent a letter to United States UN Ambassador Samantha Power urging her to support the resolution.

"There's global consensus to stop predatory behavior," noted Eric LeCompte, Jubilee USA's Executive Director who signed the letter. "This resolution is an opportunity to turn consensus into action. A process could begin that allows us to challenge inequality and have real stability." LeCompte serves on UN expert groups developing a sovereign debt resolution process.

The resolution comes in the wake of Argentina's legal dispute with predatory hedge funds and hold-out investors. During the course of that dispute, the International Monetary Fund, US Government, United Nations and World Bank all expressed concern that a legal victory for predatory funds would make debt restructurings more difficult. The UN action also follows a proposal from the International Capital Market Association to alter debt rules to curb predatory behavior.

Jubilee USA Network is an alliance of more than 75 US organizations, 400 faith communities and 50 Jubilee global partners. Jubilee's mission is to build an economy that serves, protects and promotes participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

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