People from all hues of the political spectrum are recognizing that having local transparent control over the creation of credit through a publicly-owned bank not only saves money, but also gives [...]
In honor of the Bank of North Dakota’s centennial anniversary, here is an excellent academic report from Cornell University that includes a detailed case study of BND’s 2015 Infrastructure Loan [...]
Alexandria Ocasio-Cortez — one of two insurgent progressive candidates to succeed in their races for Congress — submitted draft text for a select committee on a Green New Deal financed by a [...]
On November 6th, the citizens of Los Angeles will have a chance to decide if their city should pave the path towards creating the first municipal public bank in the country. No doubt, a ‘yes’ [...]
The City of Oakland's Finance Committee accepted the Public Bank Feasibility Study and staff report, and recommended placing it on the full City Council's agenda so that all Councilors may have [...]
The next financial crisis is all but inevitable. While its exact timing and severity cannot be predicted, both the accelerating frequency of crises in recent decades and the continued [...]
In January, we at PBI proposed that 2018 would be the “Year of the Public Bank.” Now midway through the year, we’re delighted to see the idea is indeed proving true. With huge strides forward in [...]
Activists from more than two dozen grassroots organizations including New Economy Project and Public Bank NYC took to the streets of Wall Street on Tuesday to launch a campaign for a NYC Public [...]
Something big is starting to happen in the world of activism. Grassroots campaigns are beginning to coalesce into coherent, focused missions with definable outcomes. The Divest campaign is a [...]
In 2014, then-Santa Fe Mayor Javier Gonzales recognized that poverty and shrinking city budgets were problems that needed out-of-the-box solutions. Deeply concerned with inequality, Gonzales [...]
It’s been an interesting few weeks for the idea of public banking — establishing banks owned by government entities as a values-based alternative to ‘Wall Street’ banks. In San Francisco, where [...]
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 [...]
Things are moving fast in California. A Los Angeles City Council committee approved a resolution February 16 to support the recently introduced state bill that would create a Public Bank that [...]
Treasurer José Cisneros announced today the 16 members of the Municipal Bank Feasibility Task Force. The formation of the Task Force was recommended by the Board of Supervisors to identify and [...]
From what magic bucket of money are we supposed to use to pay for all of this? The Philadelphia Municipal Pension Fund, which covers the pension costs of city workers. This $4 billion fund is [...]
