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January 01 2009

Councilmember Marion Barry Welcomes First Ever Global Financial Literacy Summit in the District of Columbia

The District’s Ward 8 provides setting as national and global leaders hold discussions around financial literacy, home ownership, education, and jobs for the first time in an American-inner city

   

WASHINGTON DC, (June 29, 2009) - Councilmember Marion Barry welcomes Operation HOPE (HOPE) and the first ever Global Financial Literary Summit to THEARC in Ward 8. Nearly 1000 economic leaders from six continents and 30 countries attended the historic summit on June 17, 2009.  Guest speakers included:  White House Senior Advisor Valerie Jarrett, Federal Reserve Board Chairman Ben Bernanke, FDIC Chair Sheila Bair, Civil Rights Icons Andrew Young and Dr. Dorothy I. Height as well as several Members of Congress.

    

Operation HOPE, founded by John Hope Bryant, charismatic “silver rights” entrepreneur, author and Vice Chairman of the President’s Advisory Council on Financial Literacy, is a leading global nonprofit social investment banking and financial literacy empowerment organization.  Takeaways from the Summit include the signing of a “framework agreement” with the Financial Services Roundtable, and seeks to set a banking industry standard nationwide for the inclusion of universal financial literacy, and the launch of Tech 2000 a new entrepreneurial program for youth aimed at promoting education and growing business by empowering youth to become Apple iPod and iPhone programming technicians, and in some cases innovators of iPhone and iTouch applications they can sell on the iTunes platform.

Councilmember Barry says that there was no better place to advance the “Silver Rights Movement” than the District’s Ward 8, an area that is reflective of our nation’s need for financial literacy.  “Here in the District, and among my constituents in Ward 8, I see firsthand the effects of the financial crisis. Our nation is in desperate need of education in these very areas that can potentially be life-changing towards the advancement and quality of life of families, in my Ward, across the District, and throughout our country.”

   

HOPE, which opened the Washington, DC HOPE Center in Ward 8’s historic Anacostia in 2005 has been essential in promoting “silver rights” to local residents.  In a meeting on Thursday, June 18, 2009, both Councilmember Barry and Chairman John Bryant pledged their continued support to Ward 8 residents and to the expansion of financial literacy throughout our nation’s communities.  “I urge my constituents to remain optimistic during these tough times, get involve and join the discussions around financial literacy, says Councilmember Barry.  “I believe that this Global Summit and the Silver Rights Movement will be instrumental in lifting and stabilizing the remnants of our recession, help to achieve dreams of homeownership and entrepreneurship, help to create jobs, and much more.” 

 

HOPE CEO and Chairman, Bryant calls the Summit’s gathering unprecedented and a much needed step towards the future, “Its sends a strong, and resounding message, when a top advisor to President Obama, the Chairman of the Federal Reserve, the FDIC chair, a civil rights icon and four members of Congress commit to spending a day making a strong case for what our society could be if every family became engrained with financial literacy.  Operation HOPE is committed to doing our part to educate society, which hopefully will prove beneficial to families throughout the District of Columbia, across the country and around the world.” Bryant continued, “With the support of financial sponsors that include retail giant Wal-Mart, major sponsorship by financial services leader JP Morgan Chase & Co. and CIT, and supporting sponsorship by major corporate and foundation leaders including The Coca Cola Company, SunTrust, The Charles Schwab Foundation, Best Buy, Ernest & Young, Ally, U.S. Bank and Tech 2000, HOPE is committed to bringing the world stage to the local level, in underserved communities worldwide, Anacostia is a great place to start.”