Business Insights
  • Home
  • Crypto
  • Finance Expert
  • Business
  • Invest News
  • Investing
  • Trading
  • Forex
  • Videos
  • Economy
  • Tech
  • Contact

Archives

  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • August 2023
  • January 2023
  • December 2021
  • July 2021
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019

Categories

  • Business
  • Crypto
  • Economy
  • Finance Expert
  • Forex
  • Invest News
  • Investing
  • Tech
  • Trading
  • Uncategorized
  • Videos
Apply Loan
Money Visa
Advertise Us
Money Visa
  • Home
  • Crypto
  • Finance Expert
  • Business
  • Invest News
  • Investing
  • Trading
  • Forex
  • Videos
  • Economy
  • Tech
  • Contact
L.A. unions push for 'New Deal' ahead of 2028 Olympics
  • Business

L.A. unions push for ‘New Deal’ ahead of 2028 Olympics

  • August 22, 2025
  • Roubens Andy King
Total
0
Shares
0
0
0
Total
0
Shares
Share 0
Tweet 0
Pin it 0

A crowd of local union members and organizers formed in front of the classical-style arches of the Los Angeles Memorial Coliseum early Thursday morning, holding a banner with the colorful, iconic Olympic rings and “Fair Games” printed across them.

With the city of Los Angeles set to become a mega sporting events capital of the world — scheduled to host the FIFA World Cup, the Super Bowl, the Olympic and Paralympic Games all in the next few years — labor groups pushed for what they are calling a “New Deal” to get the city and the LA28 Olympics organizing committee to make commitments to improve the lot of working people.

The unions are calling for multibillion-dollar investments to build 50,000 units of housing, a prohibition on Airbnb and other short-term rentals, more transparency in venue agreements and protections for immigrant workers — as well as foreign visitors and fans — from federal raids.

“Let’s fight for our future, let’s fight for our democracy. Because together we can hold LA28 and the [International Olympic Committee] accountable,” said Victor Sanchez, executive director of advocacy group Los Angeles Alliance for a New Economy, at the Thursday rally.

Union officials noted that world sporting events have often failed to produce lasting benefits for host cities, causing price increases that displace low-income residents and leaving communities indebted.

“After the Games are over, what’s left for L.A.? “ said Armando Elenes, secretary-treasurer of United Farm Workers, in an interview.

Olympic organizers and corporate partners rejected the idea that local residents would be left out of the economic benefits of hosting the Games.

Jacie Prieto Lopez, a spokesperson for LA28, said in a statement that the Olympic and Paralympic Games “will mean good-paying jobs and real opportunities for working people in Los Angeles, including benefits that reach the neighborhoods and families who keep this city running.”

“In collaboration with the City of Los Angeles, we look forward to our partnerships with local unions and remain confident the Games will bring positive economic impact to the region and leave behind a stronger future for working people,” Lopez said.

The region’s intractable housing and homelessness crisis is at the core of the union push.

The campaign calls for the International Olympic Committee to end its partnership with Airbnb, which it announced in 2019 and is set to last through 2028, covering five Games. Short-term rental companies have been accused of depleting housing stock by removing them from the long-term rental market, thereby driving up rents and exacerbating L.A.’s homelessness crisis.

And it calls on the Olympic committee as well as LA28 to contribute $5 billion to fund housing construction.

Airbnb representatives pushed back on claims that it hurt housing stock. The company cited a study it published last year that found it had generated $4.4 billion in economic activity in L.A. in 2023, supporting thousands of jobs and bringing in $1.2 billion in tax revenue.

“Airbnb is focused on ensuring Los Angeles’ visitors have an affordable place to stay, while the city gets the revenue it needs to prevent cuts to public services — all without taxing Angelenos,” Justin Wesson, a senior public policy manager at Airbnb, said in a statement. “UNITE HERE continues to put hotel special interests ahead of what’s best for locals.”

The company said it fills a crucial lodging gap, with the 2028 Olympics expected to draw as many as 2.3 million tourists to the Los Angeles region. Hotels in the Los Angeles area can accommodate approximately 174,000 guests per day, out of the estimated need of accommodating about 575,000 guests per day, according to Airbnb.

The International Olympic Committee did not immediately respond to a request for comment.

Kurt Petersen, co-president of Unite Here Local 11, said that in the early stages LA28 Chairman Casey Wasserman had said that if Los Angeles won its bid to host the Olympics, it would build an Olympic Village with 17,000 beds for athletes, coaches and staff that would later be converted into permanent housing. Those plans in L.A. fell through, Petersen said.

“Housing is the No. 1 problem for everyone,” Petersen said. “We gave [housing construction] up here. and we’re saying ‘no no no.’ We need to have that vision — that vision that somehow disappeared.”

A spokesperson for LA28 said Wasserman’s comments were made before a bid was submitted. The city’s official bid to host the Olympics had named UCLA’s campus as the site for the Olympic and Paralympic Village.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Roubens Andy King

Previous Article
Best Student Loan Alternatives To Pay For College
  • Invest News

Best Student Loan Alternatives To Pay For College

  • August 22, 2025
  • Roubens Andy King
Read More
Next Article
Ethereum ETFs end four-day bleeding streak with 8 million
  • Forex

Ethereum ETFs end four-day bleeding streak with $288 million

  • August 22, 2025
  • Roubens Andy King
Read More
You May Also Like
Marvell sinks as weak data center outlook stokes custom AI chip worries
Read More
  • Business

Marvell sinks as weak data center outlook stokes custom AI chip worries

  • Roubens Andy King
  • August 30, 2025
Explainer-What the end of the de minimis exemption means for US shoppers and businesses
Read More
  • Business

Explainer-What the end of the de minimis exemption means for US shoppers and businesses

  • Roubens Andy King
  • August 30, 2025
Jim Cramer Says “We Need a Healthy, Viable Intel”
Read More
  • Business

Jim Cramer Says “We Need a Healthy, Viable Intel”

  • Roubens Andy King
  • August 30, 2025
Here’s What the Wall Street Thinks About Revolution Medicines (RVMD)
Read More
  • Business

Here’s What the Wall Street Thinks About Revolution Medicines (RVMD)

  • Roubens Andy King
  • August 30, 2025
This Dividend King Just Raised Its Payout. Should You Buy the Stock Here?
Read More
  • Business

This Dividend King Just Raised Its Payout. Should You Buy the Stock Here?

  • Roubens Andy King
  • August 30, 2025
Ambarella (AMBA) Q2 2026 Earnings Call Transcript
Read More
  • Business

Ambarella (AMBA) Q2 2026 Earnings Call Transcript

  • Roubens Andy King
  • August 29, 2025
South Korea president charmed Trump. Will the bromance last?
Read More
  • Business

South Korea president charmed Trump. Will the bromance last?

  • Roubens Andy King
  • August 29, 2025
Spirit Airlines files for bankruptcy protection for second time in a year | Business
Read More
  • Business

Spirit Airlines files for bankruptcy protection for second time in a year | Business

  • Roubens Andy King
  • August 29, 2025

Recent Posts

  • Project ATLAS Unveiled: UAE’s Bold Leap into Decentralized AI and Blockchain
  • Ethereum Leads Market While Altcoins Lose Ground – Details
  • Germany’s VDMA calls EU’s exemption plans for US goods a ‘slap in the face’
  • Marvell sinks as weak data center outlook stokes custom AI chip worries
  • The FX Global Code: Why Now Is the Time
Featured Posts
  • Project ATLAS Unveiled: UAE’s Bold Leap into Decentralized AI and Blockchain 1
    Project ATLAS Unveiled: UAE’s Bold Leap into Decentralized AI and Blockchain
    • August 30, 2025
  • Ethereum Leads Market While Altcoins Lose Ground – Details 2
    Ethereum Leads Market While Altcoins Lose Ground – Details
    • August 30, 2025
  • Germany’s VDMA calls EU’s exemption plans for US goods a ‘slap in the face’ 3
    Germany’s VDMA calls EU’s exemption plans for US goods a ‘slap in the face’
    • August 30, 2025
  • Marvell sinks as weak data center outlook stokes custom AI chip worries 4
    Marvell sinks as weak data center outlook stokes custom AI chip worries
    • August 30, 2025
  • The FX Global Code: Why Now Is the Time 5
    The FX Global Code: Why Now Is the Time
    • August 30, 2025
Recent Posts
  • UiPath (PATH) Suffers a Larger Drop Than the General Market: Key Insights
    UiPath (PATH) Suffers a Larger Drop Than the General Market: Key Insights
    • August 30, 2025
  • Walmart is selling a 0 cast-iron Dutch oven for  that 'holds heat well'
    Walmart is selling a $100 cast-iron Dutch oven for $55 that 'holds heat well'
    • August 30, 2025
  • Screen Saver is my favorite Pixel 10 feature. Here’s how to use it
    Screen Saver is my favorite Pixel 10 feature. Here’s how to use it
    • August 30, 2025
Categories
  • Business (1,967)
  • Crypto (1,362)
  • Economy (115)
  • Finance Expert (1,625)
  • Forex (1,360)
  • Invest News (2,252)
  • Investing (1,382)
  • Tech (1,951)
  • Trading (1,936)
  • Uncategorized (2)
  • Videos (803)

Subscribe

Subscribe now to our newsletter

Money Visa
  • Privacy Policy
  • DMCA
  • Terms of Use
Money & Invest Advices

Input your search keywords and press Enter.