North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?
Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?
Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?
?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi?
US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty Anti-Empire >>
Promoting Human Rights in IrelandHuman Rights in Ireland >>
MPs Spared from Second Homes Council Tax Surcharge as Taxpayer Picks Up Bill Wed Apr 02, 2025 19:30 | Will Jones MPs will be spared from a new?council tax premium on second homes that they voted to permit,?leaving taxpayers picking up five-figure bills.
The post MPs Spared from Second Homes Council Tax Surcharge as Taxpayer Picks Up Bill appeared first on The Daily Sceptic.
BREAKING: Elon Musk Steps Down from DOGE Wed Apr 02, 2025 17:25 | Will Jones President?Donald Trump?has told his Cabinet that?Elon Musk?is stepping back from his Government role of running DOGE to return to the business world in a move that sent Tesla's stock soaring.
The post BREAKING: Elon Musk Steps Down from DOGE appeared first on The Daily Sceptic.
Make Gas Boilers More Expensive to Boost Heat Pumps, Miliband Told by Energy Companies Wed Apr 02, 2025 16:00 | Will Jones Energy suppliers have told Ed Miliband to increase the cost of gas boilers to boost the uptake of heat pumps and EVs ? because nothing says 'good product' like deliberately increasing the prices of competitors.
The post Make Gas Boilers More Expensive to Boost Heat Pumps, Miliband Told by Energy Companies appeared first on The Daily Sceptic.
How I Blew Grok?s Mind Wed Apr 02, 2025 14:03 | Andy A West Andy West was stunned this week when Grok told him that reading his book The Grip of Culture had blown its mind. But despite the AI agreeing this should change everything, its replies to others remain bound by orthodoxy.
The post How I Blew Grok’s Mind appeared first on The Daily Sceptic.
Labour Drops to New Poll Low Wed Apr 02, 2025 11:46 | Will Jones Support for Labour has dropped to a new low of 21% while the Conservatives lead on 26%, ahead of Reform on 25%. The cost of living was the top concern while climate change barely made the top 10. Time to sack Ed Miliband?
The post Labour Drops to New Poll Low appeared first on The Daily Sceptic. Lockdown Skeptics >>
Voltaire, international edition
Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en
The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en
Western Europeans Deprived of Defense, by Thierry Meyssan Tue Mar 25, 2025 06:04 | en
Voltaire, International Newsletter N?125 Fri Mar 21, 2025 11:48 | en
The London Virtual Summit for Ukraine Fri Mar 21, 2025 11:19 | en Voltaire Network >>
|
New York Assembly and Senate Champions Vow to Pass Global Debt Relief Bill
international |
economics and finance |
press release
Tuesday May 02, 2023 20:52 by Anjoulie Woodhead

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.
|