Insight News

Feb 11th

Rainbow PUSH Wall Street economic summit

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jackson1Every year around the week of Dr. Martin Luther King, Jr’s birthday, the Rev. Jesse L. Jackson and his organization, the Rainbow PUSH Coalition (RPC), hold their annual Wall Street economic summit. This year marked their 14th anniversary.

The conference, which always draws a large number of participants, was held in New York City from January 11 – 14th with a theme aptly titled, “A More Perfect Union: Time to Rebuild America.”

With the unemployment rates and lack of available jobs, the summit came at an appropriate hour. The objective of the event was to incite change and promote new beginnings in the lives of those oppressed by economic injustice.

“So many qualified people just cannot get jobs. Unless they put our faces there, then joblessness becomes a statistic,” Jackson said. “When it came to refusing to sit in the back of the bus, we boycotted and acted. We must put faces on things to make it real. It is time to begin to mobilize resumes and enter these streets demanding jobs and justice.”

In addition to addressing unemployment and job creation, the summit covered a range of other subjects like foreclosures, international affairs, labor, civil rights, women and wealth, as well as economic and education opportunities. By highlighting these issues, Jackson hopes the playing field will be evened.

“It’s not an even playing field. Take a look at the sports industry where the playing field is level. When the rules are public, the goals are clear and the playing field is even, we all win. It becomes a fair game. Nobody knew how good baseball, basketball, football, golf or tennis could be until everybody could play. We all became better once the doors of inclusion opened to include all talented players. We need to do the same in business,” said Jackson.

jackson2Sen. Charles E. Schumer, James Reynolds Jr., the CEO of Loop Capital Markets, Emmett Vaughn of Exelon, Natara Holloway, the NFL Director of Corporate Development gave profound knowledge on subjects ranging from funding a small business to the housing crisis.

Other guests included actor Danny Glover, songstress Lalah Hathaway, the Rev. Al Sharpton, South African Minister Michael Mabuyakhulu, and a host of others who were seeking knowledge and direction on how this country can better serve its minorities economically.

Since 1996, Jackson and the RPC have had a successful run of advocating for progress, peace and equal opportunities within a multiracial community.

Although we still have a long way to go, through the power of dialogue and challenging the situation, the RPC and the Economic Summit are hoping that their efforts will incite change and promote new beginnings in the lives of those effected by injustice.


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