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Omaha Steve

(99,073 posts)
Tue Jun 24, 2014, 08:37 PM Jun 2014

AFT Pres. Weingarten Announces $10 Billion Investment in Infrastructure and Workforce

Source: NH Labor News

DENVER—Statement of American Federation of Teachers President Randi Weingarten on the announcement that the $10 billion Investment and Training for American Infrastructure commitment, made at CGI America 2011 by the AFT, the AFL-CIO, North America’s Building Trades Unions, and others, has been met two years ahead of schedule:

“At a time when we have an urgent need to invest in our nation’s infrastructure and Congress has been unwilling to act, I am proud to announce that the labor movement and our pension funds have stepped up—we have secured more than $10 billion to invest in America’s crumbling infrastructure, creating tens of thousands of good middle-class jobs from the money already deployed. Labor’s pension funds can be a powerful economic engine by investing in U.S. infrastructure, creating good jobs and providing sustainable returns for investors. This shows what can happen when creative and innovative thinking is applied to America’s most pressing challenges. Not only are union members committed to providing vital public services to communities across the country, we are equally committed to helping create jobs and rebuild America.”

“I am proud to partner with President Bill Clinton, Sean McGarvey, Richard Trumka, Lee Saunders and others as we address the nation’s soaring infrastructure needs by investing public pension funds in infrastructure projects that deliver solid returns. With the leadership of pension funds like CalSTRS, $3 billion has already been deployed to rebuild roads like the Presidio Parkway in San Francisco, fund new construction like the Long Beach, Calif., courthouse, and seed new investments like Pennsylvania’s Duquesne Light power company.”

FULL story at link.


Read more: http://nhlabornews.com/2014/06/aft-pres-weingarten-announces-10-billion-investment-in-infrastructure-and-workforce/





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About NH Labor

The New Hampshire Labor News is a group of NH Workers who believe that we need to protect ourselves against the attacks on workers. We are proud union members who are working to preserve the middle class. The NHLN talks mostly about news and politics from NH. We also talk about national issues that effect working men and women here in the Granite State.
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AFT Pres. Weingarten Announces $10 Billion Investment in Infrastructure and Workforce (Original Post) Omaha Steve Jun 2014 OP
K&R.... daleanime Jun 2014 #1
K&R nt Andy823 Jun 2014 #2
How do they invest the pension funds in infrastructure and still secure a decent return for the rhett o rick Jun 2014 #3
Bonds and loans Omaha Steve Jun 2014 #7
Sorry I need more. Are you saying that the municipality that is paying for the infrastructure rhett o rick Jun 2014 #8
News to me too. DeSwiss Jun 2014 #14
I am very proud of this group. spartan61 Jun 2014 #4
This is incredibly wonderful news Samantha Jun 2014 #5
How does this work? Android3.14 Jun 2014 #6
Infrastructure bonds are a big thing in some countries like India IronLionZion Jun 2014 #9
Terrific news...sort of Doctor_J Jun 2014 #10
Sad. It seems like the people who need it the most are the most likely not to get it... CTyankee Jun 2014 #11
cut them off Doctor_J Jun 2014 #13
Sounds like a plan... freshwest Jun 2014 #12
 

rhett o rick

(55,981 posts)
3. How do they invest the pension funds in infrastructure and still secure a decent return for the
Tue Jun 24, 2014, 09:18 PM
Jun 2014

pensioners?

 

rhett o rick

(55,981 posts)
8. Sorry I need more. Are you saying that the municipality that is paying for the infrastructure
Wed Jun 25, 2014, 11:25 AM
Jun 2014

repairs are issuing bonds and the pension funds are buying the bonds? If so, sounds too good to be true.

spartan61

(2,091 posts)
4. I am very proud of this group.
Tue Jun 24, 2014, 09:25 PM
Jun 2014

Isn't this something that should have been done by congress? I am pro union and belonged to the NEA during my teaching years.

Samantha

(9,314 posts)
5. This is incredibly wonderful news
Wed Jun 25, 2014, 12:46 AM
Jun 2014

Last edited Wed Jun 25, 2014, 11:31 PM - Edit history (1)

I had to read the title twice, I thought I was misreading. Kudos to the teachers' union for stepping out and investing in our infrastructure and creating so many jobs.

Sam

IronLionZion

(45,261 posts)
9. Infrastructure bonds are a big thing in some countries like India
Wed Jun 25, 2014, 01:40 PM
Jun 2014

glad to see it catching on here in the US.

 

Doctor_J

(36,392 posts)
10. Terrific news...sort of
Wed Jun 25, 2014, 01:50 PM
Jun 2014

I hope this doesn't get the DC pigs off the hook for letting this happen. I also hope absolutely zero dollars go to "right-to-work" states or other seditious entities who despise the government who is supposed to take care of this shit. Don't want to pay taxes? Drive on shitty roads.

CTyankee

(63,771 posts)
11. Sad. It seems like the people who need it the most are the most likely not to get it...
Wed Jun 25, 2014, 05:23 PM
Jun 2014

but if the majority of voters in those states don't give up their agenda of guns and god and nothing else, what can we do?

 

Doctor_J

(36,392 posts)
13. cut them off
Wed Jun 25, 2014, 06:28 PM
Jun 2014

Make "get the government out of my life" a reality. They need to reap what they sow to understand the consequences of their actions.

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