World Andrew Yang's 'People's Bank' to Help Distribute Basic Income to 55K New Yorkers
Andrew Yang’s campaign is cutting ties with a fundraiser once accused of sexual misconduct
The NYC mayoral candidate’s campaign said it was unaware of the well-publicized allegations.Pishevar, a venture capitalist who made a prescient early bet in Uber, was one of three dozen names the campaign announced as being on its host committee for a Tuesday fundraiser in support of Yang’s mayoral bid in New York City. But the campaign said on Monday evening that when it approved Pishevar as a co-host, it was unaware of the well-publicized allegations against him from three years ago, raising questions about the Yang campaign’s vetting process.
, the front-runner in the race for New York City's next mayor, announced the creation of the People's Bank of New York City, which, if he wins, will be responsible for distributing cash payments to some New Yorkers.
Along with its distribution of a, the People's Bank of New York City is intended to help underserved communities. Yang's goal is to use the People's Bank to expand access to bank accounts and help entrepreneurs who may be overlooked at other financial institutions.
Cuomo Aide's Call to Democrats a 'Taped Confession'—Republican Looking to Pursue Criminal Charges
Representative Tom Reed called for Melissa DeRosa's arrest over a "pause" on COVID-19 reporting, calling her a "criminal actor."On a Wednesday conference call with Democrats, Cuomo's aide Melissa DeRosa said the administration withheld information about nursing home deaths because it wasn't sure if then-President Donald Trump would use the information against it. The comment prompted calls for Cuomo to be removed from office, stripped of some power and even prosecuted.
"I wake up and I feel privileged that I may have a positive impact on the lives of other people," Yang said Wednesday. "I wake up pumped up about what I can do to help our city get back on our feet. If that's not motivating I don't know what is."
Undocumented immigrants can face barriers to opening bank accounts if they don't have a Social Security number or an individual taxpayer identification number. Yang said the People's Bank of New York will allow people to open accounts with an IDNYC card.
A recognized form of ID for interacting with the New York Police Department and providing identity for employment, that card is available to all New Yorkers over the age of 10, regardless of immigration status. Select banks in New York City already accept the card for opening accounts.
Democratic State Senators Say the Time is Right to Revoke Andrew Cuomo's Emergency Powers
Fourteen Democrats in the New York State Senate have called for Governor Cuomo's expanded emergency powers to be revoked. In the photo above, Cuomo speaks at a news conference on September 8, 2020 in New York City. Republicans in the state legislature have been asking for Cuomo's expanded emergency powers to be revoked for months, but their calls to do so recently received support from a handful of Democratic lawmakers.
The People's Bank of New York will also provide microloans to small-business owners who are "being overlooked by traditional banks." The goal is to get "startup capital" to people of color who often launch businesses on a significantly lower budget than white business owners do.
"Starting on a shoestring budget makes it much more difficult to turn a profit in good times, let alone survive the economic shocks wrought by something like COVID-19," Yang said. "We need a People's Bank to ensure that our small businesses are given the chance to succeed with affordable capital and a patient lender when they need it most."
A universal basic income was a staple ofpresidential run, and he carried the idea over to the mayoral race. Under his plan, 500,000 New Yorkers with the "greatest need" would be eligible to receive an average of $2,000 per year, with the cash transferred directly from the People's Bank into their accounts each month.
Hungry Panda drivers fight dismissal, handed down hours after protest over pay
Jun Yang and Xiangqian Li are taking their fight to have their jobs reinstated to the Fair Work Commission, arguing they were unfairly dismissed following a protest they organised over new pay rules.The Transport Workers' Union on Friday lodged the unfair dismissal claims on behalf of Jun Yang and Xiangqian Li.
The goal is to "end extreme poverty" in the city, and Yang said it would help decrease costs in other areas. It's a $1 billion per year investment, but he left the door open for the program to expand as time goes on.
"As studies of basic income programs have shown, lifting people up from the depths of poverty increases mental and physical health while decreasing crime," Yang's campaign website says. "By reducing crime, hospital visits, and homelessness, this basic income program will decrease the costs associated with these social ills and allow the cash relief program to grow over time."
On Sunday, Yang hit the donation threshold necessary to qualify for taxpayer matching funds, at a rate of 8-to-1 for small contributions. Yang is the fourth person to meet the requirement, and his campaign told Politico the average contribution amount is $84.
A poll from Fontas Advisors and Core Decision Analytics released February 10 put Yang at the front of the pack of contenders for New York City mayor. At 28 percent, he's 9 points ahead of Brooklyn Borough President Eric Adams. City Comptroller Scott Stringer came in third at 13 percent. Adam Rosenblatt, president of Core Decision Analytics, said in a statement that name recognition is likely helping the top three contenders, but that could change because the "vast majority" of voters are unfamiliar with other candidates.
Vaccine nationalism: Why hoarding COVID jabs may prolong pandemic
UN chief has criticised global distribution, noting that 10 countries have administered 75 percent of all vaccine doses. “At this critical moment, vaccine equity is the biggest moral test before the global community,” he said. On Friday, UK Prime Minister Boris Johnson pledged to give “the majority of any future surplus vaccines” to the UN-backed COVAX vaccine sharing initiative, designed to provide doses to lower-income countries. Below, Al Jazeera takes a look at vaccine hoarding and its effect on the global fight against COVID-19.
Yang, who first moved to New York City when he was 21, said he was running for mayor because he saw a crisis and believes he can help.
"New York City is at a crossroads, and the election of the new mayor will be a pivotal milestone in our recovery from the pandemic and the resulting economic devastation," George Fontas, founder and CEO of Fontas Advisors, said in a statement.
Impeach Andrew Cuomo Billboards Appear in New York Amid COVID, Sexual Harassment Scandals .
The three-term governor has been embroiled in controversy over the state's handling of COVID-19 deaths in nursing homes. 787 billboard calls for Gov. Cuomo's impeachment https://t.co/zLDJAO6lFw— WNYT NewsChannel 13 (@WNYT) February 25, 2021 Lindsey Boylan, a former deputy secretary for Economic Development and Housing for the state of New York and Cuomo's special adviser, accused him of "sexual harassment and bullying" on Wednesday.New York State Assemblyman Ron Kim, a Democrat, supported Boylan and offered harsh criticism of the governor on Twitter."Cuomo is a coward who has abused his powers," Kim wrote.