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…
This week in New Hampshire, our Public Banking Institute colleagues are participating in the Bretton Woods IV Convocation on financial reform. There are four cornerstones to the conference: public banking, the North Country Resolution, local currencies, and Concordian economics. Here are some snippets from the conference website. I am blown away by the comprehensive and…
Ha-Joon Chang is one of the ten most influential world thinkers according to Prospect Magazine. In this brief interview at TheCorner.eu, he is asked if secular stagnation is inevitable. His response is that it is not, but it is important for policy makers to stop vilifying debt. He points out that debt, in and of…
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,…
Banking crusader Senator Elizabeth Warren has been on Wall Street’s tail for years. (And that’s why we love her.) According to a recent blog post at Wall Street on Parade, Warren has been less than impressed with the lax oversight that former Wall Street lawyer and current SEC Chair Mary Jo White has been providing.…
[UPDATE: The US Conference of Mayors did pass the “Mayors Resolution on Strengthening Municipal Finances.” Mayor Rothschild did not attend the conference.] At their upcoming meeting on June 19-22, the US Conference of Mayors will be considering hundreds of resolutions on everything from gun safety to tax incentives to jobs and education. Tucked into that…
Arizonans for a New Economy has been blessed with strong support from the Mountain Vista Unitarian Universalist (MVUU) Church in Northwest Tucson and Rev. Ron Phares for the past year. As a social justice ministry of MVUU, we have received generous support from the congregation during their Share the Plate Sundays. These funds have helped…
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…
The Pennsylvania Public Banking Project’s leader Mike Kraus explains why we should continue to fight against fast track for the Trans-Pacific Partnership (TPP). Here’s is Kraus’ recent article from the Bucks County Courier… Thirty years ago I had my first experience of marketing for a corporation. I learned that the most often used word in…
Arizonans for a New Economy 