Press Room & Media
In the News
Wells Fargo executives forfeit millions and CEO to forgo salary amid inquiry
Wells Fargo executives will forfeit millions of dollars in the wake of revelations that the bank’s sales quotas led to the creation of more than 2m unauthorized accounts.
Remembering Craig Barnes
Renowned author Terry Tempest Williams once said about Wallace Stegner that he was “a man who offers us his hunger for justice and his love of possibility.” This quote is an apt description also of the late Craig Barnes, whose last fight for justice and possibility was founding the organization WeArePeopleHere and its local initiative […]
Bridge Payment
I read with interest that the new bridge on DeFouri Street has finally been approved (“City may award contract soon to replace old DeFouri Street bridge,” Sept. 2). If the town had a public bank, as has been proposed, the cost could be between 30 percent and 50 percent less than if the town were […]
Banking On It
Thank you, city councilors, for taking a concrete step toward the creation of a public bank here in Santa Fe. In October, Councilor Renee Villarreal introduced a resolution (co-sponsored by Councilors Joseph Maestas and Carmichael Dominguez) calling for the convening of a task force to lay out the steps required to make public banking in […]
PHIL MURPHY MAKES STATE BANK CENTERPIECE OF GUBERNATORIAL CAMPAIGN
Former Goldman Sachs executive also called for a higher minimum wage, tax breaks for those with lower incomes, and efforts to encourage high-tech.
Fed’s Kashkari ‘shocked’ black unemployment isn’t better understood.
“What’s shocking to me is we, as a country, still don’t know why that is. We have to know why that is if we hope to solve it,” he said.
At Fed’s Jackson Hole retreat, demonstrators push for economic change
“This is not the first discussion. It’s one of many and they’re many more to come,” Neel Kashkari said.
Public Banks Could Break the Impasse Over Marijuana Money
With nearly a dozen state initiatives legalizing recreational marijuana on the November ballot, the market for legalized marijuana is certain to expand. But, because marijuana continues to be classified as a Schedule 1 drug by the Drug Enforcement Agency (DEA), private banks are effectively prohibited from fully participating in this market — the compliance burden is too high and individual employees face the threat of prosecution. A network of city, county and state-owned public banks, sharing best practices, may be an effective way to offload the compliance burden so that marijuana-related businesses can confidently accept payments and deposits can be placed into a network of public banks, which could develop the systems needed for legal compliance with the Department of Justice and federal regulatory agencies.
The High Toll of Being Poor in the U.S.A
Officially, 14.8% of people in the United States live in poverty. Furthermore, 20% of Americans use alternative financial services to pay bills, get loans, and generally afford to live in the wealthiest country in the world. The most common alternative to a retail bank is a local check-cashing store, which charges a percentage fee on the cashed amount (for example, a store charges a 1.5% fee. This means that it will cost $15 to cash a $1,000 check).
PBI Launches Public Banking Caucus
PBI Chair Walt McRee has announced the creation of a bi-partisan Public Banking Caucus, a strategic campaign to link together the many local and state elected and appointed officials (and candidates) already supporting public banking.
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
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
Retake Our Democracy