ADVISORY/A Diverse Coalition Protest Rally against Bush Administration/WorldCom Settlement to Be Held June 11 on Wall Street.News Editors/Assignment Desks ADVISORY...for Wed. (June 11) --(BUSINESS WIRE) On Wednesday, June 11th, 2003 at 12:00 pm. a coalition of Labor, Hispanic, Senior and Public Interest groups will hold a rally on the steps of the Federal Building on Wall Street to protest the Securities and Exchange Commission's (SEC) proposed settlement with WorldCom/MCI, currently under consideration in Federal Court. The protest will feature a giant, 24-foot screw screw, simple machine consisting essentially of a solid cylinder, usually of metal, around which an inclined plane winds spirally, either clockwise or counterclockwise. to illustrate the magnitude of how the New York Public Interest Research Group The New York Public Interest Research Group (NYPIRG) is a student activism and training organization based in New York City. It has existed since 1973 . Its current executive director is Rebecca Weber and its founding director was Donald K. Ross. (NYPIRG NYPIRG New York Public Interest Research Group ) perceives WorldCom's fraud has screwed direct and indirect investors across the country. Acccording to NYPIRG, the fallen telecommunication telecommunication Communication between parties at a distance from one another. Modern telecommunication systems—capable of transmitting telephone, fax, data, radio, or television signals—can transmit large volumes of information over long distances. giant ruined hundreds of thousands of investors, laid off 20,000 employees and played a pivotal role in the elimination of 540,000 jobs in industry wide as a result of its $11 billion accounting fraud and a host of other scandals. The group further alleges that the Bush administration and the SEC are treating WorldCom with kid gloves kid gloves Noun, pl handle someone with kid gloves to treat someone with great tact in order not to upset them kid gloves npl to treat sb with kid gloves → by giving them new lucrative contracts and proposing a completely inadequate settlement that includes an insignificant fine and lets key executives off the hook.
WHAT: A protest rally featuring a diverse coalition of
organizations, activists, and a giant, 24-ft. screw to
demonstrate how the Bush Administration's favoritism of
WorldCom/MCI has screwed American investors and workers.
WHO: Chris Shelton, Asst. to the Vice President CWA District 1
Dennis Hughes, President New York State AFL-CIO
Will Thomas, Director Corporate Accountability Project, Gray
Panthers
Chris Meyer, Executive Director NY-Public Interest Research
Group
Milton Rosado, President, Labor Council for Latin American
Achievement
Gloria Waldron, New York State President, Allied Communities
Organized for Reform Now (ACORN)
WHERE: On the Steps of the Federal Building 26 Wall St., (corner of
Broad St.)
WHEN: Wednesday, June 11, 2003 at 12:00 pm
For more information, please contact Robert Kaplan There are several notable individuals named Robert Kaplan, among them:
See also: Sin of the WorldCom Settlement" fact sheet. |
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