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12th Annual Rainbow PUSH Wall Street Project Economic Summit will Highlight Downturn's Double Whammy

January 8, 2009

NEW YORK (Jan. 8, 2009) The economy's impact on people of color will be explored in the 12th Annual Rainbow Push Wall Street Project Economic Summit. The event will be Jan 13-16 at the Sheraton New York Hotel and Towers, 811 7th Ave.

The summit's theme is "Fallout from the Bailout: A New Day in Washington." Corporate executives, political leaders, minority suppliers, leaders from government, labor and the faith community, and world leaders will gather to call attention to and discuss solutions to the serious problems current economic conditions are causing for African Americans and all Americans of color.

"The economic downturn has been double trouble for Black Americans," said Rev. Jesse L. Jackson Sr., founder and president of the Rainbow PUSH Coalition. "They already were at the bottom of every category, such as access to capital and life expectancy. The consequences of the economy are serious for most Americans but disastrous for African Americans."

The three-day Economic Summit is for everyone engaged in enterprise today. It is intended for entrepreneurs, business owners, corporations, community leaders and organizers, pastors, ministers, and faith-based leaders, educators, students, college and business graduates, youth leaders, professional recruiters, developers, investors, government officials, financial and legal advisors and members of professional organizations.

It will include a panel discussion of the ongoing economic crisis by senior level executives; a breakfast discussion on access to capital; a workshop on "Wall Street and Main Street: Solutions to the Foreclosure Tsunami; a "Women and Wealth Workshop"; a session on "Activating Consumer Power for Change"; a youth seminar; and a regulatory roundtable.

Summit participants will include: Peter J. Bensen, Executive Vice President and CFO, McDonald's Corporation; John Rogers, President, Ariel Investments; William Thompson, New York City Comptroller; Reverend Grainger Browning; Congressman Gregory W. Meeks (D-New York); Reverend Al Sharpton, National Action Network; Marc Morial, CEO, National Urban League; Sheila C. Bair, Chairman, Federal Deposit Insurance Corporation; H.E. Olusegun Obasanjo, Former President, The Federal Republic of Nigeria; H.E. Raila Odinga, Prime Minister, The Republic of Kenya; H.E. Abdoulaye Wade, President, The Republic of Senegal; Kevin J. Martin, Chairman, Federal Communications Commission; Joseph W. Saunders, Chairman & CEO, VISA, Inc.; and Amy Wagner, Senior Vice President, Investor Relations and Global Communications, Burger King Corp.

For a complete agenda and registration information, visit http://www.wallstreetproject2009.org/.

The Wall Street Project continues the work Rev. Jackson began at the request of Dr. Martin Luther King Jr., who appointed Rev. Jackson to run Operation Breadbasket more than 30 years ago. The Project brings underserved communities into the economic mainstream with positive opportunities for growth and inclusion.

The Wall Street Project seeks Equanomics - measurable racial equality and economic justice - by promoting access to capital for minority businesses, better hiring and promotion practices in industry, appointment of larger numbers of minorities to corporate boards, and increased business and cooperation between majority and minority-owned companies.

For more information about the conference, please visit the organization's web site at http://www.wallstreetproject2009.org/, call 212-425-7874 or email wallstreetproject@gmail.com.

The Rainbow PUSH Coalition is a progressive organization protecting, defending and expanding civil rights to improve economic and educational opportunity For more information about the conference, please visit the organization's website www.wallstreetproject2009.org or call (212) 425-7874. To interview Rev. Jackson, please contact the media office at (773) 256-2714.

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