Poverty

Burglars fan out, hit shopping areas all over the city as cops focus on protesters

On the 2nd of June, the Washington Post reported that commercial burglaries have soared in parts of DC well away from the protests such as Georgetown and Tenleytown. While cops focus on beating, gassing, and kettling protesters, the looting has moved to safe rear areas free of police.MPD claims they normally get three burglary reports a day but over 150 on Monday July 1 and over 50 on Sun.

IMF Calls "Great Lockdown" Worst Economic Crisis Since the Great Depression

The IMF says we face the worst economic crisis since the Great Depression because of the coronavirus. As world leaders gather virtually for the Spring International Monetary Fund and World Bank Meetings, the Fund released its April World Economic Outlook Report, dubbing the crisis, the "Great Lockdown" and reporting that the global economy will lose at least $9 trillion in 2020 and 2021.

G20 Emergency Meeting Convenes on Coronavirus Health and Economic Impacts

Washington DC -  Saudi Arabia chaired an emergency virtual G20 meeting for Presidents and Prime Minsters as the coronavirus wreaks havoc on the global economy. The leaders pledged to pump $5 trillion into the economy, cooperate on health efforts and address debt risks facing poor countries."World leaders are incredibly concerned about a crisis that is taking lives and could destroy our economy," shared Eric LeCompte, a United Nations finance expert and Executive Director of the religious development group Jubilee USA.

IMF and World Bank Ask G20 to Halt Debt Collection for Poor Countries

Washington, DC -  The International Monetary Fund asked G20 countries and other lending countries to stop collecting debt from poor countries due to the coronavirus pandemic."We urge lending countries to take up this call so billions of dollars can be freed up for poor countries dealing with impacts of the coronavirus," said Eric LeCompte who leads Jubilee USA. The religious development group sent a letter to the IMF on Monday urging debt payment moratoriums.

Poor People's Campaign holds street march before organizing meeting

On the 29th of January, the Poor People's Campaign gathered at the Wilson Building, then marched through evening traffic to a church on G st for an organizing meeting. The Poor People's Campaign is building up to what may be a major action or campaign on June 20, 2020

Video of the march 2 min 34 sec

IMF Warns of Unstable Financial System

Washington DC - The International Monetary Fund warns of growing financial instability as a result of high debts and risky investing in the release of the IMF 2019 Global Financial Stability Report. The report raised fears that developing countries are borrowing too much."The Fund is recommending more transparency and greater surveillance of corporate and country debt," shared United Nations debt expert and Jubilee USA Director, Eric LeCompte. "While these recommendations are good, they fall short of the policies we need to prevent the next financial crisis.

IMF Reports Dismal, "Uncertain" Economic Outlook

Washington DC - The International Monetary Fund downgrades global economic forecasts, calling the future of the economy, "precarious" and "uncertain," with the release of the 2019 World Economic Outlook Report."This is the most bleak economic outlook report that I've seen from the Fund," noted Jubilee USA Director Eric LeCompte who monitored IMF reports since 2010. "World leaders should be very concerned."As a result of global economic risks, rising debt levels and trade tensions, the IMF's flagship report down graded economic growth projections to 3 percent.

New Senate Bill Combats Shell Companies United Nations Debates Tax Havens

Washington DC - A bipartisan group of Senators introduced the "Improving Laundering Laws and Increasing Comprehensive Information Tracking of Criminal Activity in Shell Holdings (ILLICIT CASH) Act" to stop the creation of shell corporations in the United States.

CCNV Summer Fundraiser: Supporting Our Homeless Neighbors

 CCNV Summer Fundraiser: Supporting Our Homeless Neighbors Everyone is welcome to come out for the CCNV Summer Cookout & Fish Fry Fundraiser. All proceeds will go toward the upkeep of the building and to benefit the nearly 1000 homeless DC residents who reside there. We will have freshy fried whiting fish, flavored to perfection, hamburgers or cheeseburgers, all beef hot dogs, and all the trimmings. Ice cold bottles of water and your favorite chips and sodas on the side.

Code locks return to area Starbucks restrooms

Over the course of the July 4 weekend, several DC area Starbucks outlets were observed with code locks on restroom doors reactivated. They were turned off (but never removed) in the aftermath of the infamous Philadelphia incident where an African-American businessman was arrested after asking to use to toilet. It looks like Starbucks's plan from day 1 was to turn the locks off only long enough for the uproar to die down.

Pages