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The Fed Is A ‘Development Bank’ – Make It Our Development Bank Again
Federal Reserve Building. Image by Boston Public Library (CC by 2.0) By Robert Hockett, Forbes | September 30, 2020 Here’s something you might not have known. The Fed is a national development bank – our national development bank. Its mandate originally was and...
How Our State and Local Governments Can Save More Than $160 Billion a Year by Cutting Interest Payments to Investors
Image by Eric Perlin from Pixabay By Saqib Bhatti and Brittany Alston, Action Center on Race & the Economy | September 4, 2020 As the nation adjusts to the new reality of life in a pandemic, it has become clearer than ever before that a robust social safety...
In pandemic spotlight, public banks ponder a greener role
Man carrying bundle of rice in Quezon, Philippines. Public banks are expected to expand debt relief and protect the rights of local communities affected by development projects, among other decisions that spur sustainability, say campaigners. Image: Danilo...
Congressional panel examines environmental justice issues in New Mexico
A mural in Albuquerque advocating for Mount Taylor to be protected from mining. Mount Taylor, which was mined for uranium for decades, is a pilgrimage destination for at least 30 indigenous communities, including the Navajo Nation, the Hopi and Zuni peoples, and the...
Economic Impact of COVID on Millennials
Photo by Caleb Minear on Unsplash By 20/20 Vision | September 4, 2020 Even before COVID-19, millennials were struggling to accumulate wealth. A NM Public Bank could help New Mexicans overcome by debt and lacking opportunity by creating a more equitable economic...
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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
Retake Our Democracy