Skip to content

CCNY student asks the Candidate a couple of really good question

CCNY student asks the Candidate a couple of really good question.


CCNY student asks the Candidate a couple of really good question

CUNY Student questions:

How will you manage the NYC retirement funds? What is your criteria for review of proposed contracts? And why should CUNY students vote for you?

My answers:

Managing the assets of municipal employees pension funds?
First I would propose the Comptroller’s office take on the actual management of the 5 NYCERS retiree funds. Last year NYC paid $360 million dollars to 300 private funds to manage the  $140 billion dollar  NYCERS fund.  Yet despite not paying out multiple million to hedge funds, the Ontario teachers retirement inhouse managed fund of $130 billion achieved a 1.6% better return than NYC”s privatized managed fund.  Also I would use the Comptroller’s leverage to advocate for divestment from Fossil fuel corporations and from corrupt defense contractors  such as Blackrock. Instead  I would support locally based investment. There are great examples of socially responsible investment funds which achieve excellent returns. Norway’s sovereign wealth fund divested from Walmart because of their anti labor policies. Yet it is recognized as the largest. best managed, most successful fund in the world.
Top criteria for the review of purposed contracts?
My criteria for judging the 38,000 private contracts the city enters into each year would include: 1. Investigating the reputation of the contracted corporation. Past performance is an excellent predictor of present performance. Yet, in city contracting decisions reputation doesn’t weigh much when choosing contractors. For example in 1990 SAIC pled guilty to 10 counts of felony fraud related to  gov’t contracts at toxic superfund sites. And through the years following  SAIC   paid multiple fines for other contract violations. Yet in 2009 NYC approved a City Time (an SAIC  affiliated company) contract which ultimately led to SAIC paying a fine of $500 million dollars for hundreds of millions more in over billing while developing new  software for city payrolls. 2. I would use the Comptroller’s  bully pulpit to stop contracts for foolish and most likely campaign contribution pay back projects created to reward contributors. For example, the 2011 Bloomberg contract to pay an ad agency $20 million dollars to run a teacher recruitment campaign.  This project meets my criteria for saying, “No” since it was obviously  foolish and wasteful to advertise for teachers at the same time the city was proposing to lay off 4,000 teachers. And one has to wonder why the contract was proposed at all. 

And why should CUNY students vote for you?
3. Vote for me, a fellow CUNY graduate (1966 CCNY) who is grateful for the wonderful FREE education I received and who will fight for the  return to a FREE education. I urge you to go to my web site and click on the Platform choice for more about what I would do as Comptroller.


Join me tonight, Oct 8 to continue the fight for justice for Lynne Stewart

Lynne’s birthday is October 8th. Please join others in your city and across the country to wish her a happy birthday and show your support for her compassionate release! She fought for so many years for all of us. Now we fight for her.

From Lynne: A Message for October 8, my 74 Birthday

October 8th, 2013
A Message for October 8, my 74 Birthday

It is certainly sobering to be celebrating the start of my 74 year mired down in this prison.  It is even more so when there is my  life line that must be considered.  Nonetheless, I remain my ebullient self and face my fight and my future with optimism.  Part of the reason for this is the wonderful mail I receive daily from people all over the U.S. and the world.  From Tasmania to Tel Aviv (!?) people write and tell me of the role I play and have played in their lives.  It is overwhelming sometimes.

Today, I have asked you all to rally once again on my behalf.  (Little did we know they would close down the federal government last week.  A conspiracy to keep me here?  smile) By coming out and making another statement on my behalf, I think you are taking a stand for everyone behind bars.  They can lock us down but they cannot lock us away from the people, who are now coming to have a different sense of the futility and cruelty of the prison system, and who will take action if called upon.   I am happy to be the poster girl, oops, woman for this.  I know it will never be a some time thing for me and that when I am in the world again (and I WILL BE IN THE WORLD AGAIN !) this struggle is one that I must continue.  I hope we all give a heartfelt wish for health  and release for Herman Wallace, a valiant warrior, our brother comrade, who is dying in Angola, after 40 years of solitary. [Herman Wallace died a free man shortly after his release.]

Hoping that it is a glorious day wherever you are hearing this–my mom always remarked that the Sunday I was born was perfect weather . I guess I am waxing nostalgic but blow out the candles and have a bite of the birthday cake and know that I am indebted to all of you and to our movement for the fabulous and courageous support you have shown me over these years.     We go on to victory for one elder woman(me) but also to express our outrage at this heartless system.

Lynne Stewart,
Prisoner # 53504-054

Posted in BEHIND BARS (From Lynne) | No Comments »

From 6 – 10 pm
80 St.Marks Theatre on the corner of St.Marks Pl & 2nd Av
(not the church)

Hello world!

Welcome to! This is your very first post. Click the Edit link to modify or delete it, or start a new post. If you like, use this post to tell readers why you started this blog and what you plan to do with it.

Happy blogging!