Payments can happen cheaply and easily without banks or credit card companies, as has already been demonstrated—not in the United States but in China. Unlike in the U.S., where numerous firms [...]
Black Business Review’s Marilyn Kai Jewett writes favorably of Pennsylvania’s public bank movement at both the state and municipal levels. A strong municipal public bank coalition has also [...]
By Marshall Auerback, Independentmediainstitute.org -
In the aftermath of the greatest financial calamity since the Great Depression, then–chief of staff for the Obama administration Rahm Emanuel made the call for aggressive action to prevent a [...]
Global investors managing $32 trillion issued a stark warning to governments at the UN climate summit on Monday, demanding urgent cuts in carbon emissions and the phasing out of all coal burning. [...]
It’s time to ask an uncomfortable question: What exactly is the U.S. getting out of its partnership with Saudi Arabia? The answer is: nothing but headaches, human rights abuses and national [...]
The Volcker Rule was passed as part of the Dodd Frank Act of 2010 in order to help avert another financial crisis similar to the Great Recession of 2008. That crisis was caused in large part by [...]
The key issue to emerge from the semiannual meeting of the International Monetary Fund (IMF) held in Bali, Indonesia last week is that 10 years out from the 2008 global financial crisis the [...]
A full decade since the great crash of 2008, many progressive thinkers have recently reflected on the consequences of that fateful day when the investment bank Lehman Brothers collapsed, [...]
In recent months, the Trump administration has launched an unprecedented assault on the immigrant community, highlighted by a “zero tolerance” policy that has left as many as 500 children [...]
By Kevin Zeese and Margaret Flowers, Popular Resistance
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Ten years ago, there was panic in Washington, DC, New York City and financial centers around the world as the United States was in the midst of an economic collapse. The crash became the focus of [...]
Capitalism collapsed in 2008, just as communism had collapsed in 1991 — the system we have now is something else
This is an argument Varoufakis has made many times, including in his 2011 book [...]
Washington, DC — American Samoa is finally getting its own full-service bank — and successfully creating only the second public bank in the United States.
The Federal Reserve is allowing the [...]
By Margaret Flowers and Kevin Zeese, Clearing the FOG. -
Public Banks exist around the world. They are used to hold public dollars, such as taxes and fees, to keep the money local so it serves the public interest, instead of giving it to Wall Street [...]
Over the past decade, through tax preparation work – both pro bono and paid - I’ve seen many student loan borrowers who, like Monica, have struggled not only to make ends meet, but also try to [...]
The government, too, had to be enslaved by debt. It could not be allowed to simply issue the money it needed to meet its budget, as Lincoln’s government did with its greenbacks (government-issued [...]
