Press Room & Media
In the News
Las Cruces City Council Discusses Formation Of A Public Bank In New Mexico
By Madison Staten, KRWG – The Alliance for Local Economic Prosperity is calling on the Las Cruces City Council to approve a resolution in support of a public bank in New Mexico. Angela Merkert, the executive director of the Alliance for Local Economic Prosperity, says the formation of a public bank will lead to greater economic health for the state.
Bank of North Dakota Releases COVID-19 Relief Numbers
By AM1100 The Flag – State-owned, public Bank of North Dakota (BND) released its final COVID-relief program numbers and amounts for the four programs it administered to stimulate economic recovery. The Bank utilized its network of banks and credit unions across the state to ensure the delivery of funds happened as quickly and efficiently as possible.
Why the Fed Needs Public Banks
By Ellen Brown, Common Dreams – The Fed must rely on private banks to inject credit into Main Street, and private banks are currently unable or unwilling to do it. The tools the Fed actually needs are public banks, which could and would do the job.
Why Chicago should start a public bank
By Daniel La Spata, Matt Martin, Robert Peters and Ameya Pawar, Chicago Sun-Times – Arresting poverty, inequality and the racial wealth gap requires a genuinely transformational tool: a public bank. Why do communities need a public bank? Banks create money when they lend. This superpower is the cornerstone of economic development. Loans stimulate economic growth, increase property values, and build wealth — and we can harness this power to benefit all communities.
Even conservative Britain plans to slash carbon emissions 68% by 2030: banking, building and borrowing are key
By Anupam Nanda, The Conversation – The UK government is setting up a national infrastructure bank in the North of England which will fund projects across the UK, while attempting to garner additional private investment. The bank’s institutional weight will lend confidence and guarantees to private investors, and could assist local and mayoral authorities with regional infrastructure projects.
Strengthening the links in the food chain
By Stephen Hamway, Albuquerque Journal – Despite New Mexico’s reputation for famous pecans, chiles and beef, the state routinely ranks near the bottom of food stability rankings, as most of that food never makes it into the hands of New Mexico residents. With that in mind, a collection of small-scale farmers, food policy experts and state officials met virtually last week to discuss how to make NM’s food system more sustainable, more locally driven and, ultimately, more equitable.
Finding Common Ground
By Judy Wicks, Where’s Wicks? Newsletter – The 2020 election has left us a deeply divided nation. But politics did not cause this rural-urban division, and the wound will not be healed by political debates over which party will take better care of us. I believe we must learn to care for each other. I believe we can address this loss, and at the same time end economic inequality and environmental degradation, by working together to build local economies that care for us all, and nature, too.
Rishi Sunak sets out £100bn investment in infrastructure
By Jillian Ambrose, The Guardian – Britain’s first national infrastructure strategy will deliver a “once in a generation investment” worth £100bn to spur the country’s recovery from the coronavirus crisis, the chancellor said on Wednesday. Rishi Sunak set out plans for the “highest sustained levels of public investment in more than 40 years” as the government attempted to offset a grim economic prognosis in the wake of the COVID-19 pandemic.
Public Development Banks Meet To Reflect On Pandemic Impact
By Staff Writer, Taarifa – The first ever international summit of Development Banks recently concluded in Paris, bringing together different participants from around the globe. Most prominent at the summit were representatives from Public Development Banks whose main mandate is to implement different countries’ commitments to development and international solidarity in line with the Sustainable Development Goals (SDGs.)
Bank of North Dakota’s S&P credit ratings affirmed
By Bank of North Dakota – In a joint statement, the Industrial Commission stated, “The Bank’s ability to maintain its credit rating despite challenging economic times reflects its solid management and conservative lending and investment practices. BND continues to be a resource for local lenders to stabilize and grow the local economy and for students pursuing higher education.”
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Episode: Everyone deserves a public bank
“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
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