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In American Towns, Private Profits From Public Works
BAYONNE, N.J. — Nicole Adamczyk’s drinking water used to slosh through a snarl of pipes dating from the Coolidge administration — a rusty, rickety symbol of the nation’s failing infrastructure. So, in 2012, this blue-collar port city cut a deal with a Wall Street...Public Banks Can Help Cities Honor Their Commitment to Give Sanctuary to Immigrants
Photo: The First Bank of the United States in Philadelphia. (Teemu008 / CC BY-SA 2.0) Mayor Javier Gonzales of Santa Fe, N.M., was defiant when he spoke with National Public Radio’s Kelly McEversin November. Donald Trump had just won the election after running...North Dakota’s Public Bank Was Built for the People—Now It’s Financing Police at Standing Rock
Photo by Adam Johansson In 1918 in Bismarck, North Dakota, populist socialism won big: The Nonpartisan League, a political party founded by poor farmers and former labor organizers, captured both houses of the North Dakota Legislature. Farmers had been badly hurt by...Sawant: Cut Seattle ties with Wells Fargo over investment in Dakota Access Pipeline
Photo: St. Anthony, an unincorporated community in Morton County, N.D. (Kristina Barker / The New York Times) The city should cut its ties with Wells Fargo Bank in part because of the bank’s investment in the Dakota Access Pipeline, Seattle City Councilmember Kshama...What’s all the fuss about a public bank in Santa Fe?
It was the windswept dust bowl in one of the most rural states in the country that forged America’s one and only public bank. The North Dakota public bank was launched in 1919 after farmers and ranchers, burdened with credit and harsh weather, saw land repossessed by...
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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