In the name of economic development, Rio Nuevo and Pima County are poised to dole out $70 million in corporate welfare to two big corporations– $50 million to Caterpillar and $20 million to World View. Ironically, one day before the Rio Nuevo Board announced the multi-million-dollar Caterpillar package for Tucson, I posted this article on…
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…
Troubled state and municipal pension funds have been in the news nationally and right here in Tucson. Here is an insightful article about the role Wall Street fees play in pension fund failures. Even Republican Governor Chris Christie is questioning predatory fees charged by Wall Street banks. Chris Christie: New Jersey Pension Launches Probe Of…
Arizonans for a New Economy and Progressive Democrats of America (PDA) Tucson will be sharing a booth at the Peace Fair at Reid Park today– Feb. 28.We will be shooting video and asking people: “What is the biggest problem facing our state?” Check out the list of bands who will be playing here. Come on…
At the April 8, 2014 meeting of the Tucson Mayor and City Council, the President of Alliance Bank of Arizona, Duane Froeschle described how his bank used $5M deposited by the City of Tucson in his bank to lend $9M to local businesses. Councilman Kozachik stated in all, 16 loans were made under the program.…
Following the Wall Street crash and the housing market collapse a few years ago, the Move Your Money campaign encouraged millions of Americans to take their money out of big commercial banks and hold the funds locally in credit unions and community banks. Is it time for state governments to move their money? Across the…
Arizonans for a New Economy 