By C.J. Polychroniou for Truthout | February 17, 2024 (Photo: LEONARDO MUNOZ / VIEWPRESS / GETTY IMAGES) Progressive economist Gerald Epstein explains how we can build a banking system that puts people over profit. Our current banking and financial system has...
Sawant: Cut Seattle ties with Wells Fargo over investment in Dakota Access Pipeline
Photo: St. Anthony, an unincorporated community in Morton County, N.D. (Kristina Barker / The New York Times) The city should cut its ties with Wells Fargo Bank in part because of the bank’s investment in the Dakota Access Pipeline, Seattle City Councilmember Kshama...What’s all the fuss about a public bank in Santa Fe?
It was the windswept dust bowl in one of the most rural states in the country that forged America’s one and only public bank. The North Dakota public bank was launched in 1919 after farmers and ranchers, burdened with credit and harsh weather, saw land repossessed by...PHIL MURPHY MAKES STATE BANK CENTERPIECE OF GUBERNATORIAL CAMPAIGN
Former Goldman Sachs executive also called for a higher minimum wage, tax breaks for those with lower incomes, and efforts to encourage high-tech. Democratic gubernatorial hopeful Phil Murphy called for a sweeping revision of state economic policies during a...Fed’s Kashkari ‘shocked’ black unemployment isn’t better understood.
Kashkari plans on pressing for more research by central-bank economists on racial disparity in the labor market. Minneapolis Fed President Neel Kashkari said Wednesday he was “shocked” that the persistently higher national black unemployment rate relative to the rate...At Fed’s Jackson Hole retreat, demonstrators push for economic change
It’s the day central bankers and top global financial figures have been waiting for. U.S. Federal Reserve Chairwoman Janet Yellen delivers long-awaited remarks to cap off the Jackson Hole Symposium. Outside the meetings, some demonstrators say full employment...
To Democratize Finance, We Must Take the Banks Away From the Bankers
Tlaib, AOC Revive Public Banking Act to Take on Wall Street
By Brett Wilkins for Common Dreams | December 13, 2023 Rep. Alexandria Ocasio-Cortez (D-N.Y.) speaks while Rep. Rashida Tlaib (D-Mich.) looks on (Photo: Zach Gibson/Getty Images) "Wall Street-run banks are failing to serve many of my residents who are struggling to...
Racial disparities in NY homeownership driven by higher interest rates, mortgage denials
By David Brand for Gothamist | November 1, 2023 (Photo by Jemal Countess/Getty Images) New York Attorney General Letitia James is calling on state lawmakers to tackle unfair credit and lending practices that fuel a staggering racial gap in homeownership and force New...
Retake Our Democracy Zoominar Panel on Public Bank Legislation
Retake Our Democracy Zoominar Panel on Public Bank Legislation
We had a great discussion panel with Retake our Democracy ahead of the 2023 Legislative session. October 26, 2022
Albuquerque local business consultant on how a State Public Bank can benefit our economy
Albuquerque local business consultant on how a State Public Bank can benefit our economy
AFLEP Leadership Team Member and Albuquerque”buy local” business advocate, Clifton Chadwick shares key economic reasons why he supports the creation of a State-Owned Public Bank. March 10, 2022
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
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