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SEIU 1199 refuses to put its money where its social-justice mouth is

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The powerful union SEIU 1199 backs progressive causes but has recent under fire for refusing to honor its own ideals in investing the huge pile of cash it controls.

when it comes to investing the cash it controls, or even in standing up for its own workers.

It was central to Bill de Blasio’s rise to the mayoralty, and backed far-left Maya Wiley in 2021; it’s pretty much guaranteed to side with the leftmost electable candidate in any race. “They have very little invested with minority-run investment funds,” said Robert Greene, CEO of the National Association of Investment Companies.

 

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