Printer Friendly

AFL-CIO SETS LOS ANGELES RELIEF, REBUILDING EFFORT

 AFL-CIO SETS LOS ANGELES RELIEF, REBUILDING EFFORT
 WASHINGTON, May 6 /PRNewswire/ -- The AFL-CIO today created a Los


Angeles Emergency Assistance Fund that will mean millions of dollars in rebuilding funds and tens of thousands in humanitarian relief.
 The AFL-CIO Executive Council started the fund with a $25,000 federation contribution and the 89 unions affiliated with the AFL-CIO began to add contributions to be used for the necessities of life for the hungry, homeless and displaced of Los Angeles.
 In addition to the humanitarian relief, AFL-CIO President Lane Kirkland sent representatives of the AFL-CIO Pension Investment Program to Los Angeles, where local AFL-CIO President Bill Robertson announced that up to $75 million of union pension funds will be made available to assist in the massive rebuilding effort the city faces.
 "Our real estate investment program will work with local leaders in this process," Kirkland said, noting that "a starting point in the rebuilding process is bricks, mortar and building trades skills that can restore the housing and commercial structures that were lost."
 The AFL-CIO program comprises a Housing Investment Trust and a Building Investment Trust, which have assets of $750 million and have funded more than $1 billion in projects nationwide. The program's 300 investors include 45 funds based in California.
 Kirkland told reporters that the Bush administration's reaction of blaming the Great Society programs of the 1960s for the disorder in Los Angeles was an attempt "to blame the victims. We have an administration that has made it plain that it does not understand or appreciate the harsh conditions that people live under in these cities outside the country clubs of America."
 The Executive Council noted it was no accident "that violence has erupted in Los Angeles, a city that experienced the loss of tens of thousands of high-paying manufacturing jobs over the past two decades."
 The council said an effective antidote to what happened in Los Angeles "must be rooted in policies that stimulate employment opportunities. The explosion of violence is symptomatic of more than a decade of federal policies that favor the rich and privileged while ignoring and injuring the disadvantaged and their communities."
 -0- 5/6/92
 /CONTACT: Candice Johnson of the AFL-CIO, 202-637-5010/ CO: AFL-CIO ST: California IN: SU:


DC-TW -- DC017 -- 6992 05/06/92 10:34 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 6, 1992
Words:383
Previous Article:GTE BECOMES AN IBM BUSINESS PARTNER FOR THE IBM 9075 PCRADIO; WILL PROVIDE CELLULAR SERVICE FOR AMERICA'S INCREASINGLY MOBILE WORK FORCE
Next Article:CLEANUPS TO BEGIN AT THREE TEXAS EASTERN PIPELINE SITES
Topics:


Related Articles
AFL-CIO SPREADS INTERNATIONAL HOLIDAY CHEER
JACKSON, CONYERS, DAM AND FAUX TO ADDRESS 30TH AFL-CIO COMMUNITY SERVICES CONFERENCE
AFL-CIO CONFERENCE ON COMMUNITY SERVICES ENTERS FINAL DAY
SANTA ANA, LOS ANGELES AND COMPTON ARE NEXT STOPS FOR 'ECONOMIC EARTHQUAKE EXPRESS'
HURRICANE RECOVERY CENTER HIGHLIGHTS UNION SUPPORT FOR VICTIMS; CWA, AT&T PARTNERSHIP PART OF NATIONWIDE CWA EFFORT
AFL-CIO JOINS ANNIVERSARY MARCH ON WASHINGTON

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters