New York Communities for Change
New York Communities for change is a multi-racial membership based organization of working families fighting against economic and racial oppression. NYCC members are agents of change, building movements and campaigns from the ground up and fighting corporate power at its core.
NYCC members use direct action to defend & uplift our communities, challenge capital, and fight back against racist structures and economic policies that continue to extract wealth from our communities and neighborhoods
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Harvard: Divest from Hate! Dump Baupost GroupFour months after Hurricane Maria, Puerto Ricans are still suffering from the impacts of the storm. 40% of the island is still without electricity and supplies are still being brought in while Puerto Ricans rebuild their homes and lives, many from scratch. There’s no question that Puerto Rico should use all of its resources to recover and rebuild right now, but hedge fund CEO Seth Klarman thinks otherwise. Seth Klarman leads Baupost Group, a hedge fund that holds $911 MILLION of Puerto Rico’s debt, and has said that canceling the debt would be “impractical.” What’s really impractical and unconscionable is holding Puerto Ricans hostage with an unjust debt while the island recovers from the worst disaster in recent memory. This is colonization in the 21st century and we will not stand for Seth Klarman’s profit-driven tactics. Harvard University, having the largest endowment and most money invested in Baupost Group, must take action to stand with Puerto Ricans and divest its $2 billion from Seth Klarman’s hedge fund. Harvard has a moral obligation to divest any and all funds from Baupost Group -- we call on Harvard University and its endowment to divest from Baupost now!7,272 of 8,000 SignaturesCreated by Genny Roman