Public Banking: It’s About the Movement, About the Demand

Jan 22, 2015. Alexis Goldstein’s excellent coverage of the culmination of Vermont’s struggle for a public bank raises a vital point about being in a movement. In Vermont, advocates didn’t get (haven’t yet gotten) the holy grail of a bonafide public bank. But the compromise they facilitated still constituted a win over big Wall Street …

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Toronto to Host Public Banking Seminar at City Hall Saturday, January 24

Jan 21, 2015. While public banking advocates in the United States have been busy in New Mexico, Washington, Pennsylvania, Arizona, Vermont, and several other states, activists north of the border are doing their work as well. This Saturday, they will hold a free public seminar in Toronto to discuss money, economic justice, and the public bank …

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Ferguson, Alienation, and City Budgets: Fleece the Poor, or Democratize Finance?

Dec 13, 2014. The elephant in the room is almost always an economic elephant. The unrest in Ferguson, Missouri following both the shooting of Michael Brown and the failure of a grand jury to indict the police officer who shot him was, in a large part, contextualized by Ferguson’s model of city financing. Now it …

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Seattle’s Groundbreaking City Council is Considering Another Groundbreaking Idea: A Public Bank

Dec 10, 2014. As a direct result of Wall Street mismanagement and federal complacency, communities have lost the ability to finance local, sustainable growth and public services. This is a direct threat to democracy, because the chief conduit of democracy in American society is the ability of cities and towns to facilitate public participation, health, …

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Public Banking and Corporate News: When Big Media Struggles to Understand Local Economic Autonomy

Nov 20, 2014. Public banks are, above all, tools of local control. The Bank of North Dakota allows that state to bypass Wall Street and finance local and state-wide projects without fear of paying exploitative interest rates, or of losing those interest payments to outside shareholders who wouldn’t re-invest them in local endeavors. Local media …

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WSJ Reports: BND Outperforms Wall Street

Nov 20, 2014. By Ellen Brown While 49 state treasuries were submerged in red ink after the 2008 financial crash, one state’s bank outperformed all others and actually launched an economy-shifting new industry.  So reports the Wall Street Journal this week, discussing the Bank of North Dakota (BND) and its striking success in the midst …

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PBI Philadelphia Conference “Public Banks for Public Works” Coming Up Tomorrow!

Oct 17, 2014. Join us in Philadelphia for PBI’s National Conference West, tomorrow – Saturday, October 18th! It promises to be a great lineup of speakers focused on solutions – exploring how to move public banking in Pennsylvania forward! For more information, click on the Philly skyline! See you there….

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