New Events

International

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

offsite link Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?

offsite link ?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi?

offsite link US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty

Anti-Empire >>

Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link There?s a Whole Lotta Political Engineering Goin? On Sat Mar 15, 2025 09:00 | James Alexander
There's something distinctly illiberal about what goes under the name 'Political Science', says Prof James Alexander. Half its practitioners want to control our thoughts and the rest wonder why no one trusts government.
The post There’s a Whole Lotta Political Engineering Goin’ On appeared first on The Daily Sceptic.

offsite link Visit Rotherham ? Children?s Capital of Culture 2025! Sat Mar 15, 2025 07:00 | Steven Tucker
Rotherham is Children's Capital of Culture 2025! With workshops on diversity and being queer, it's every child's idea of fun, and the ideal tonic for unnamed traumas that definitely had nothing to do with diversity.
The post Visit Rotherham ? Children’s Capital of Culture 2025! appeared first on The Daily Sceptic.

offsite link News Round-Up Sat Mar 15, 2025 00:33 | Toby Young
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Don?t Expect Abolishing NHS England to Change Anything Fri Mar 14, 2025 17:05 | In-house doctor
Keir Starmer dramatically announced the closure of NHS England this week. But don't expect anything to change, says the Daily Sceptic's in-house doctor. It's returning us to the NHS pre-2012, which was no better.
The post Don’t Expect Abolishing NHS England to Change Anything appeared first on The Daily Sceptic.

offsite link Starmer Set to Relax Ban on Hybrids in Electric Car Climbdown Fri Mar 14, 2025 15:00 | Will Jones
Keir Starmer is set to relax a?planned 2030 ban on hybrid cars?amid warnings that electric vehicle sales requirements are threatening the viability of the UK car industry.
The post Starmer Set to Relax Ban on Hybrids in Electric Car Climbdown appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Voltaire, International Newsletter N?124 Sat Mar 15, 2025 05:56 | en

offsite link "Kristallnacht" against the Alawites in Syria Sat Mar 15, 2025 05:38 | en

offsite link Is Donald Trump managing the possible collapse of the ?American empire??, by Thi... Tue Mar 11, 2025 06:59 | en

offsite link Voltaire, International Newsletter N?123 Fri Mar 07, 2025 14:41 | en

offsite link Arab League summit for Gaza Fri Mar 07, 2025 11:53 | en

Voltaire Network >>

New York Assembly and Senate Champions Vow to Pass Global Debt Relief Bill

category international | economics and finance | press release author Tuesday May 02, 2023 20:52author by Anjoulie Woodhead Report this post to the editors

Largest New York Labor and Religious Groups Support the New York Taxpayer and International Debt Crises Protection Act



Largest New York Labor and Religious Groups Support the New York Taxpayer and International Debt Crises Protection Act

Speaking at a press conference from the famed "million dollar staircase" in New York's State Capitol, State Senator Brad Hoylman-Sigal and Assemblymember Patricia Fahy vowed to pass debt relief legislation, the New York Taxpayer and International Debt Crises Protection Act (A.2970, S.4747).

“The global COVID-19 pandemic and climate disaster have all laid bare just how interconnected the global economy has become today,” said Fahy. “New York is the world’s global financial hub — positioning us well to enact basic changes that will ensure debt relief for developing nations through investments in sustainable growth, infrastructure and more.”

Fahy, the lead Assembly sponsor of the bill, asserted that the initiative will benefit taxpayers and consumers in New York and the US as well as protect the state’s status as the world’s leading financial center. Constituents from across the State of New York descended on Albany on May 2nd to meet with lawmakers to urge passage of the Fahy and Hoylman-Sigal legislation.

“Our bill will help countries struggling to recover from challenges like climate change and COVID. At the same time, the bill will protect New York taxpayers and reduce the harmful impact of inflation,” said Hoylman-Sigal, the lead sponsor in the Senate of the New York Taxpayer and International Debt Crises Protection Act.

Developing countries owe more than 60 percent of their debt to private firms. Since 52% of the world's private sector debt is governed by New York law, the New York Taxpayer and International Debt Crises Protection Act (A.2970, S.4747) ensures the private sector participates in relief agreements supported by the US Government.

“Most of the world's countries continue to struggle with the pandemic and food crises,” noted Eric LeCompte, Executive Director of the religious development group Jubilee USA Network. “When developing countries, our trading partners, are in crises we face higher prices for eggs, flour, fuel and coffee."

A large coalition of religious, development, labor and environmental organizations promotes the legislation. Supporters include major unions such as New York AFL-CIO, New York AFSCME and the New York State Public Employees Federation; churches such as the New York State Catholic Conference, the New York State Council of Churches, the United Church of Christ, the Methodist Church and the Presbyterian Church; development organizations such as Oxfam America; Bread for the World and the ONE Campaign; Puerto Rico's Speaker of the House and religious leaders on the island; and environmental groups such as Catholic Climate Covenant and the Rivers & Mountains GreenFaith Circle.

"Major religious groups and unions support the legislation because it provides aid to people struggling with crises, protects our pensions and can help address inflation," noted LeCompte who serves on United Nations debt expert groups.

Last week, the United Nations Independent Expert on Foreign Debt and Human Rights, Attiya Waris, issued a letter to the New York legislature highlighting how the legislation will advance human rights.

Read the New York Taxpayer and International Debt Crises Protection Act bill and bill memo here.

Read the talking points for the New York Taxpayer and International Debt Crises Protection Act here.

Read The New York AFL-CIO, the New York State Catholic Conference, the New York Council of Churches, New York AFSCME, Oxfam America, Bread for the World, Puerto Rico and other Memos/Letters of Support for the New York Taxpayer and International Debt Crises Protection Act here.

Read the In-depth Frequently Asked Questions on the legislation here.

Read the media coverage on the legislation here.

Find Jubilee USA's press releases on the bill here.

Find all of the the New York Taxpayer and International Debt Crises Protection Act resources here.

© 2001-2025 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy