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Bank of North Dakota Releases 2019 Annual Report: “From Surviving to Thriving”
Photo via Bank of North Dakota, LinkedIn By Bank of North Dakota | July 7, 2020 Imagine if New Mexico could realize the substantial profit from its own public bank that North Dakota’s public bank generated for their state in 2019 The state-owned Bank of...
COVID-19 exposes why the Postal Service needs to get back into the banking business
Photo by docentjoyce/CC BY 2.0 By Melanie G. Long, The Conversation | July 8, 2020 Being unbanked is costly. A state public bank could support the growth of community banks and credit unions; postal banking is another way to make banking more accessible to the...
Public banking can help bridge the racial wealth gap in the post-pandemic recovery
Photo by Ken Lund/CC BY-SA 2.0 By Ameya Pawar, Harish I. Patel, The Chicago Reporter | July 7, 2020 Local and state governments are facing massive budget deficits after economically sensitive revenue streams tanked as a result of the extreme but necessary...
Report: Healthy soil, local food systems key for NM agriculture
Photo: Jose Pasilla weeds a green chile field near Salem in early May. Courtesy Albuquerque Journal. By Theresa Davis, Albuquerque Journal | July 5, 2020 A New Mexico Public Bank could invest in local economic and community development, such as enhancing our...
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Episode: Everyone deserves a public bank
Join those who’ve endorsed a Public Bank for New Mexico
“I had the good fortune to work on this initiative before Bernie kidnapped all my time. This is one of those no-brainer initiatives that only the 1% could oppose. It has the potential to save the state millions of dollars by vastly reducing the cost of its bonds to improve infrastructure funding. in a public bank, our state funds can be used to build our local economy and our local infrastructure.”
– Paul Gibson
Retake Our Democracy