American economy

Amalgamated Source

Right now, despite many bank CEOs making tens of millions of dollars each year, the average bank teller makes just $25,800. Here in New York, 39 percent of bank tellers are forced to rely on public assistance programs just to make ends meet. This is morally wrong, yes, but it's also just bad business.

Amalgamated Source

This morning, in response to New York State’s budget agreement on the statewide $15/hr. minimum wage, Keith Mestrich, President and CEO of Amalgamated Bank, said:

Amalgamated Source

Keith Mestrich, President and CEO of Amalgamated Bank, released the following statement on Amalgamated’s joint letter urging Federal Housing Finance Agency Director Mel Watts to recapitalize Fannie Mae and Freddie Mac.

Amalgamated Source

New Poll of Progressive Voters Finds: Bank Values Matter; Strong Support for Local Banks; Optimism About Economy; Deep Concern on Income Inequality

Progressives Dislike Big Banks and Wall Street as much as Congress

Progressives Prefer San Francisco, Jimmy Fallon & Ben & Jerry’s “AmeriCone”

“When I do good, I feel good. When I do bad, I feel bad. That's my religion.”
–Abraham Lincoln

These stirring words were spoken by arguably the greatest leader in the history of our nation; a man whose bold thinking incited perhaps the greatest progressive revolution of all time; a man who so cherished the sacred principles of freedom and justice for all, of equal rights for every man, woman and child, he gave his life for that greatest cause.

This Tax Day, our federal government is going to be busy figuring out how to spend the roughly $3 trillion it collected in combined income and payroll taxes. Every year, lawmakers and officials allocate $4.2 trillion in spending money, much of which comes from the taxes collected from individuals and businesses.