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A public bank for New Mexico gains interest

A public bank for New Mexico gains interest

By Michael Tashji, Taos News – Community activists have renewed their efforts to create a New Mexico public bank, designed to provide needed capital for jobs and infrastructure spending across the state. The initiative, to be introduced in the 2021 legislative session, could keep much more of New Mexico’s money in the hands of local communities, according to supporters.

It’s Time for Public Banking in New York City

It’s Time for Public Banking in New York City

By Bob Master and Mark Levine, The Nation – Bad behavior in banking is nothing new. From redlining, to the foreclosure crisis to high-interest payday loans, mainstream financial institutions have long exacerbated racial inequality. Public banking offers a better way. A bank created and controlled by our city government would be driven not by profit motive but by the public interest.

New broadband pact to support Sierra County

New broadband pact to support Sierra County

By Kevin Robinson-Avila, Albuquerque Journal – Sacred Wind Communications is using a $6.1 million federal grant to extend broadband coverage in rural Sierra County through a new partnership with Sierra Electric Cooperative. Sacred Wind CEO John Badal hopes it will inspire more joint efforts, ideally through a statewide strategy to replace individual, isolated projects with a centrally-coordinated approach to bridge the digital divide.

A State Public Bank: Investment in Local Communities in Post-Pandemic New Mexico

A State Public Bank: Investment in Local Communities in Post-Pandemic New Mexico

By Dee Gamble (AFLEP), Green Fire Times – How do we climb out of a seemingly intractable situation in the face of ongoing damage being caused by the coronavirus? A public bank for New Mexico: a bank with a “common good” purpose and resources to build community wealth in every village, town and city, can be the primary engine for such a far-reaching transformation.

Rural NM: Higher turnout at fewer polling sites

Rural NM: Higher turnout at fewer polling sites

By Kyle Land, Albuquerque Journal – Senate Bill 4, passed during the 2020 special legislative session, sought to ease the process of voting and address issues that arose during primary elections in June, most of which stemmed from the COVID-19 pandemic. Part of that was requiring each polling site to have internet connectivity. Those that had none — almost all of which were rural communities — were closed and became “allmail” precincts.

Reclaiming Public Development Banks to Finance a Sustainable & Equitable Recovery Post COVID-19

Reclaiming Public Development Banks to Finance a Sustainable & Equitable Recovery Post COVID-19

By Thomas Marois and Maria Jose Romero, In Depth News – Public development banks – and here we are talking about multilateral institutions, but also often overlooked national banks like Germany’s KfW, India’s NABARD, Colombia’s Findeter, and the Development Bank of Southern Africa – are in a unique and powerful position to play a major role in tackling the crises arising in today’s world.

How The US Could Achieve 100% Financial Inclusion Through Local Public Banking

How The US Could Achieve 100% Financial Inclusion Through Local Public Banking

By Nik MIlanovic, Forbes – Banking in the United States has become – like many other critical services – stratified along class lines.  Consumers with more assets and higher spending are rewarded for being customers with benefits like high APYs and robust credit card points. Poor consumers, meanwhile, are taxed for using financial services through fees and high APRs. It is time for regional municipalities to create public, state-owned local banks focused on driving 100% financial inclusion.

Buying Local, Expanding Agriculture

Buying Local, Expanding Agriculture

By Katherine Lewin, Santa Fe Reporter – The COVID-19 pandemic’s economic devastation has exacerbated another lingering problem in New Mexico: food insecurity. In a bid to alleviate New Mexicans’ worsening battle with hunger on a county level, the Santa Fe County Commission passed a resolution Tuesday to implement a new plan for improving access to local and regional produce and meat.

Upcoming Events

november, 2020

03novAll DayElection DayNovember 3rd is Election Day! Vote if you haven't already.

05nov3:00 pm4:00 pm2020 Sustainable Agriculture Fall Workshop Series: Drip Irrigation on the Small FarmLearn how and why drip irrigation can be useful for your growing operation

09nov11:00 am12:00 pmWhat has COVID-19 taught us about the digital and opportunity divides in America’s schools?A Brookings Policy 2020 Event

10nov1:00 pm2:00 pmGreater Profitability through Soil HealthA collaborative fall webinar series for the benefit of New Mexico’s farmers and ranchers and advancement of healthy soil principles on working lands

13nov10:00 am11:00 amPublic Banking Coalition Monthly Conference CallLearn more about Public Banking, discuss current issues and get updates on the movement.

23nov6:30 pm8:00 pm350NM Speaker Series - Land Witness Project: Climate Stories from NMStories about families and traditions, land and water, doubt and worry, and love and commitment

Revolution at the Federal Reserve:  Nomi Prins and Thomas Hanna

The Laura Flanders Show
Jan 22, 2019

As Jim Yong Kim resigns from the World Bank, we talk about the way central banks steer world development and for whom. Former Goldman Sachs managing director Nomi Prins, author of “Collusion: How Central Bankers Rigged the World,” and public ownership researcher Thomas Hanna believe that banking, and development, could be very different.

Truthout - FAIR Podcast - AFLEP

California’s New Public Banking Option Opens Door for Real Community Investment
FAIR / Truthout.org

Economy & Labor
Oct 22, 2019

Janine Jackson interviews Public Bank LA’s Trinity Tran about public banking for the October 11, 2019, episode of “CounterSpin.”

>> Listen to the Podcast

It's Our Money with Ellen Brown

Banking on the People by Ellen Brown - AFLEP

Ellen Brown’s
2019 Book

Today most of our money is created, not by governments, but by banks when they make loans. This book takes the reader step by step through the sausage factory of modern money creation, explores improvements made possible by advances in digital technology, and proposes upgrades that could transform our outmoded nineteenth century system into one that is democratic, sustainable, and serves the needs of the twenty-first century.

Order the Book

Join those who’ve endorsed a Public Bank for New Mexico

Paul Gibson endorses Public Banking NM

 

“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

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