Lindsay Koshgarian; National Priorities Project, Institute for Policy Studies Statement for New York, NY. February 12, 2018 U.S. cities and states are heavily reliant on federal funds. The average state government receives approximately 30 percent of its revenues from the federal government. In 2015, New York City received $6.3 billion in federal funds.  The…
Authorities of the world’s second largest economic power confirmed that in addition to the issues addressed in the Forum, China will also work to respond to the growing need to create cooperation platforms between nations, in response to the global financial crisis and increasing protectionism.
Looking to consolidate this economic route, which should account for over 60% of the world’s population and a third of global production, participants in the Forum discussed ways to optimize complementarity between the development strategies of each nation, and promote cooperation initiatives benefitting communities living along the trade route.
According to an article posted on Qiushi (bit.do/beltandroad), the Organ of the Central Committee of the Communist Party of China, “China’s new commercial strategy will allow Latin America and the Caribbean to join this drive of ‘opening up, inclusiveness and mutual benefits.’ ”
“Africa is also expected to benefit considerably from China’s pledged resources in the coming years,” the article stated and “other benefits are China’s supported financing of anti-poverty and improved health care projects.”
“The climate crisis is an outcome of the long-term disinvestment of low-income communities and low-income communities of color,” said Rae Breaux, lead climate justice organizer for the People’s Action Institute. “President Trump’s first 100 days is a clear sign that he will fast-track profits for corporations before he invests in the needs of the American people.
“Now is the time to come together and build an economy where investments are made to benefit workers, communities of color and low-income folks – an economy that is structured to reflect the fact that black, brown and indigenous lives matter,” she said.