2ND EVENT ALERT: Rev. Jesse Jackson's Rainbow Push Wall Street Project in New York January 30- February 1


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       Gloria Dulan-Wilson   


By Gloria Dulan-Wilson

For those of you who have been somewhat off-planet, due to the recently held Second Inauguration of President Barack Obama, I think it important to remind you of the upcoming annual RAINBOW PUSH WALL STREET ECONOMIC SUMMIT (a/k/a WSP) convened by the Rev. Jesse Jackson, Wednesday, January 30 through Friday, February 1, 2013.
For the past 15 years the event has been held at the Sheraton Towers Hotel on 7th Avenue and 52nd Street in Manhattan. This year there is a major change: The Conference this year will be held at the Roosevelt Hotel at 45 East 45th at Madison Avenue.

This year's theme, WALL STREET to MAIN STREET Economic Parity … The Struggle Continues“ highlights the focus on Wall Street to Main Street, and the drive to return to the middle and lower economic class families the monies stolen from them via the economic down turn, massive foreclosures and job losses that occurred during the Bush Administration, and took the greater part of the Obama Administration to turn around. The President has managed to do so despite the nefarious efforts of rapacious Rep-ugh-blicans and Tea baggers; Mitt-Twits, and other who sought to disenfranchise us, and deprive us of economic wherewithal to provide for ourselves and our families.

I might also add that those who missed the Wall Street Economic Summit of 2012, may not be aware of the predictive accuracy with which Rev. Jackson alerted us to upcoming challenges to the African American community, many of which unfortunately have come to pass, because far too many of us don't take the information he culls as seriously as we should. The shutting down of major Black radio stations (including the bankruptcy of Inner City Broadcasting) was brought to the attention of the participants in sufficient time to have changed the trajectory of that tragic history; however, no one responded until it was actually happening. By then, it was too little, too late.

So, I'm going to urge you to make it your business to not only be present for this year's summit, take notes, and participate, but be prepared to take positive action from that point forward. There is a wealth of information that Rev. Jackson and his organization spend the entire year gathering, analyzing, and compiling for y/our benefit. We have seen what happens when the other side gets an inch – they unapologetically take the entire mile, and use a steam roller to rid themselves of those who would stand up to them.

As I mentioned earlier, the theme Wall Street to Main Street – Main Street is us - We, The People. Lest we forget; we are still the low man and woman on the proverbial Totem Pole. We still have to learn what others have mastered; we still have to apply this information – individually and collectively to our lives, our communities, our neighborhoods. The fact that “The Struggle Continues...” means that we really have to look at what it is that we are (or are not) doing that keeps us on the margins. And make sure that we look at ourselves – not President Obama, but our own actions. The President has carved out some pretty hefty benefits for the Black community, but we have to avail ourselves of it: Pell Grants $5500 makes it increasingly possible to put our kids through college; the expansion of junior colleges, means we can go back and take much needed classes to upgrade our skills; health care so we are no longer prey to debilitating diseases; a standing with the international realm (the peaceful side) so that we can begin to expand our trade and product placement. Are we taking advantage of those opportunities?

 Even the focuses on access to capital, career development and labor means that we are now receiving key information that had not been available to us before. Not only does The Wall Street Economic Summit brings together the nation’s leaders from politics to corporations to entrepreneurs – all to discuss the need for economic parity and concerns unique to men and women of African/American, Hispanic and diverse cultures, it gives you an opportunity to connect with peers and others you otherwise might not be aware of. Highlights of the three-day summit will include the following sessions: Wall Street Project Career Symposium, Raising Our Voices on Advertising in The Marketplace, Parity in Public Procurement Opportunities, Strength Through Diversity, and The Business of Hip-Hop - yes, Hip-Hop!

The only other workshops I would like to have seen included- unless I overlooked them - are the following: 
1) the plight of the African American  Senior Citizen  who is stuck on a fixed income; or who is facing age-ism; or who has retired, but has too much month at the end of his or her money. There are several “wounded warriors” from the Civil Rights era who were never able to get decent jobs, but have served their communities well, who are now facing homelessness, extinction, or depression, because benefits have not accrued to them to make it possible for them to live out their lives decently.  Are there hedge and investment funds and programs for them?  What kinds of mutual funds or municipal bond funds; growth funds can they take advantage of so their "golden" years don't end up on the rust pile?  Given that many of this population has already crossed the 60+ mark - indeed, some are Rev Jackson's contemporaries - is it too late to develop an investment protocal that pays dividends for them?  Would be a great workshop, and probably have a rather large audience of participants seeking solutions.

2) How Black Sororities and Fraternities can build wealth for themselves and their members through united fund and mutual fund development; As a member of Delta Sigma Theta Sorority, Inc., and the largest Black sorority in the world (this is our centennial so you know I had to get my plug in) - it would be the first undertaking of its kind, and Rev. Jackson is the perfect person to launch such an endeavor.

3) And home buying through an affiliation with such organizations as NACA (Neighborhood Assistance Corporation of America), who offer free down payment, closing costs and mortgages 1% below prime - to begin an alliance vehicle for fostering bullet proof mortgages for the African American families who have all but been pushed into the street via mortgage backed securities and massive foreclosures. It would be a way to jump start building communities of quality, as well as a great tie in to his investment savvy.  

Another focus, and a paramount concern of Rev. Jackson, is the number of Black churches facing foreclosure as a fall out of the massive economic downturn of 2007-2010. Along with that concern, however, has to be the factor that so many – especially in the Northeast, already driven out of their homes due to massive foreclosures, are now also facing homeless as a result of Hurricane Sandy.

Guests include President Bill Clinton, Senator Chuck Schumer (D, NY), Rev. Al C. Sharpton, Jr., Jamie Foxx, Dionne Warwick, with special performances by Grammy Award Winner, Gospel recording artist Mary Mary and the cast of the upcoming Broadway show “Motown: The Musical.”

Rev. Jackson will honor former New York Governor David Paterson, Motown founder and mogul, Berry Gordy, and investment genius, Willie E. Gary. Per Reverend Jackson, “We are proud to present our honorees this year as they have set the foundation and raised the bar for our economic success. This year, we are expanding the opportunity for access to capital, industry and technology. As we reach the pinnacle of political achievement, we realize that we still have a great deal to accomplish. The Summit will assist us in those efforts by providing participants with information and the resources needed to restore confidence and financial stability.”

The tribute to the legendary Berry Gordy will take place at the Gala Fundraising Reception, which takes place in the Grand Ballroom of the Roosevelt Hotel, on Thur., Jan. 31, at 7:30 p.m. For those of you who come from another planet, Gordy is the founder of Motown Records, in Detroit MI, that spawned the successful careers of the Jackson Five, Diana Ross and the Supremes; Michael Jackson, Smokey Robinson and The Miracles, Stevie Wonder, Marvin Gaye, The Temptations, and many other music greats. Guests will be treated to a preview of the upcoming Broadway production “MOTOWN: the Musical” during the gala. Gordy wrote the book for the show. In addition to the preview of the musical, iconic vocalist and actress Dionne Warwick, and actor, singer, comedian Jamie Foxx, will pay special tribute to Gordy.

Earlier that same day, at 12:30 pm., ET, Willie E. Gary and former New York Governor David Paterson will be honored at the Access to Capital Luncheon. Gov. Paterson was the youngest state senator in New York history and the first African American governor of New York. Attorney Gary is a motivational speaker and cable television executive who over the years has won large suits against corporate giants like Disneyland and Anheuser-Busch.  He has won more than 150 multi-million dollar lawsuits.

U.S. President William Jefferson Clinton will be the Access to Capital Luncheon's keynote speaker. Philadelphia Mayor Michael A. Nutter will also provide remarks. Multi-Grammy award winning artists Mary Mary will give a special performance during the Luncheon sponsored by WE TV.  A docu-series about the lives of Erica and Tina Campbell, better known as the singing duo Mary Mary, airs on WE TV – a cable network dedicated to featuring original stories for and about modern women who are taking charge of their lives, their families and their households.

Kim Martin, President of WE TV stated, "As a network that produces several television shows featuring positive African American role models, we are particularly delighted to participate in the 16th Annual Wall Street Economic Summit. We are proud of what Mary Mary represents to this
community and are pleased to support the Summit's important agenda."

The Summit is sponsoring a special RSVP - only career day, on Wednesday from 12:30 on.  See the ad
below for details.  The actual kick off opening reception, co-hosted by NV Magazine, is Wednesday evening, Jan. 30, from 7:30 to 9:00 p.m. ET, featuring a feature a preview of “A Little Bit of Business. A Little Bit of Life” - a new on-line web series with Kyle Donovan, the Publisher of NV Magazine. Forbes Magazine ranks the show's first guest, R. Donahue Peebles, Chairman & CEO, The Peebles Corp, as one of the Top 10 Wealthiest African Americans. He will be available for a short Q & A after the preview.

On Friday, February 1, the Civil Rights & Economic Justice Minister’s Luncheon's keynote speaker will be U.S. Senator Charles E. Schumer, (D) NY. The luncheon takes place at 12:00 p.m. ET, and honorees include: Rev. Joseph Carter of New Hope Baptist Church, Newark, NJ; Dr. Freddie D. Haynes, III, Senior Pastor, Friendship-West Baptist Church, Dallas, Texas and Rev. Andrew
Wilkes, affiliate minister, The Greater Allen Cathedral of New York and Editor of Urban Faith.

The Rainbow PUSH Coalition is a progressive organization protecting, defending and expanding civil rights to improve economic and educational opportunity. The 2013 honorary co-chairs are Danny J. Bakewell, Sr., Chairman & CEO, National Newspaper Publishers Association; John Graves,
Pres. & CEO PR Networks, Inc.; Mellody Hobson, Pres., Ariel Investments LLC, Louis James, Pres., & COO, Motor City Logistics; Byron Lewis, Founder & Chairman, Uniworld Group; Former NY Governor David A. Paterson; R. Donahue Peebles, Chairman & CEO, The Peebles Corp; James Reynolds, Jr., Co-Founder, Chairman & CEO, Loop Capital Markets LLC; John W. Rogers, Jr.
Chairman & CEO, Ariel Investments LLC; New York Senator Charles Schumer (D); Maceo K. Sloan Chairman, CEO & CIO, NCM Capital and California Congresswoman Maxine Waters (D).

As I stated earlier, you owe it to your self to be at the Summit. It's designed for your benefit. Kudos to Rev. Jackson and his staff for consistently delivering the information to us, when others wouldn't. Shame on us if we don't take advantage of this capacity building opportunity. Congratulations to those of us who know the value of this great event and soak up, as well as utilize as much of it as we possibly can.

Stay Blessed &
Gloria Dulan-Wilson


Rev. Jesse Jackson, Berry Gordy, Motown, Rev. Al Sharpton, Pres. Bill Clinton, Wall street to Main Street, Career Opportunities, Money, Delta Sigma Theta, Senior Citizens

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