American Banker, Nation’s Preeminent Banking Journal, Strikes a Note on Public Banking

Feb 18, 2015. American Banker, founded in 1836, is America’s oldest and most important banking journal. Over half a million people read its five day-a-week news site every month, and over 35,000 people subscribe to the print version. Independent of any portion of the banking industry, American Banker has won accolades for its coverage of …

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Coloradans Want Public Banks

Feb 17, 2015. Although Coloradans have been campaigning for public banks at the state and city levels since at least 2011, the movement has now taken off in full force. On January 31, the group Be the Change-USA sponsored a public banking conference with more than 120 attendees, moderated by Denver city officials and community …

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Maine to Consider Public Bank Bill

Jan 30, 2015. In Maine, a hearing has been scheduled for next week to consider a bill creating a state public bank and authorizing counties and municipalities to create their own banks. L.D. 24, H.P. 23, An Act To Create a Public State Bank, sponsored by Diane M. Russell (D-Portland, pictured at left), will be …

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Is the Trans-Pacific Partnership a Danger to Public Banks?

Jan 29, 2015. Many people fear that secretive trade talks with corporate lobbyists may prohibit public rights to control common assets. The United States Congress is very close to granting President Obama the authority to “fast track” negotiations for the Trans-Pacific Partnership, a trade deal largely negotiated in secret that could have profound implications on …

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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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