It took Arizona three months to reach 20,000 cases of COVID19. After Governor Dour Ducey opened up the economy in early May, it took only three weeks to add another 20,000 cases. Arizona now has the WORST outbreak of COVID19 in the nation. In addition to our state’s disregard for solid public health policies, such…
In a recent article in TruthDig, author and Public Banking Institute Board Chair Ellen Brown says that progressive policies are affordable with public banking. China and Japan are cleaning our clocks by building their infrastructure with public banking. What are we waiting for? Progressives can have their policies and pay for them too
Neighbors Oakland and Richmond, California, are supporting each other as they explore public banking. As public banking initiatives wind their way through the political process in multiple states and cities, we often see a few steps forward followed by a step or two backward. Such is the political process. Despite some recent ups and downs,…
In early June, NJ gubernatorial candidate and public banking supporter Phil Murphy won the Democratic Primary. Is this the beginning of a new era of mainstream acceptance of public banking in American public policy? What does it mean for the movement? Check out this blog post from the Public Banking Institute’s Blog… Last week’s gubernatorial primary resulted…
During the third week of June, hundreds of southwestern Quakers met for their annual gathering at Ghost Ranch in northern New Mexico. The theme was “About Money: a call to Integrity, Community and Stewardship”. While there, I spoke about Quakers’ history with public banking, and about the explosion in public banking efforts happening across our…
In 2014, the City of Santa Fe authorized a feasibility study to determine if establishing a city public bank would be advantageous. Last week, the feasibility study was released. (You can read it here.) The bottomline: YES! Establishing a Santa Fe public bank would save the city millions of dollars in financing fees paid to…
UPDATE: In front of a packed hearing room, the City of Philadelphia’s City Council voted unanimously to begin public hearings on creation of a local pubic bank. Public banking proposals are popping up all over the country. The Cities of Santa Fe and Philadelphia have had recent breakthroughs. In Tucson, Mayor Johnathan Rothschild’s recent newsletter…
On the east coast, Bank of America is notifying small towns that they’re going to have to find another bank because B of A no longer wants their business. This is similar to the Wall Street banks pulling out of border areas. In both cases the too-big-to-fail banks are blaming regulations, but the real reason…
In a month, Pima County voters will be asked to vote on a $816 million, seven-part bond issue that includes construction of multiple buildings and roads to benefit existing corporations or attract new businesses to Southern Arizona. Sprinkled amongst the corporate-giveaways are improvements or construction of libraries, community centers, parks, neighborhoods, and other perks that…
Here is the case of the missing community banks. Where-oh-where has my neighborhood banker gone? In this very well researched and documented article, learn how Dodd-Frank has made banking more difficult and expensive for community banks to operate; how very low interest rates are partly to blame due to net interest banking; how Jamie Dimon,…
Arizonans for a New Economy 